Market Research Blog

In the report, Future Market Insights (FMI) offers insights into both shortcomings and forthcomings of the Self-cleaning Bottle market. It outlines the growth curve of the global Self-cleaning Bottle market. The study provides information on hidden opportunities and share held by various segments within market. It presents outlook for the market for the period between 2021 and 2031. The report offers granular assessment of key growth drivers, promising avenues, and competitive landscape of the global Self-cleaning Bottle market.

Key statistics and information, in terms of value and volume, is covered in the report. It offers in-depth insights into factors driving growth in established and emerging market. It studies the competitive landscape in details to help players with necessary insights to navigate through potential challenges.

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Over the past decade, consumer products have been advancing with the emergence of digitization across the globe. With the change in consumer preference towards online markets, companies are changing their go-to market strategies and capabilities in response.

Industry players are adjusting themselves according to the ‘digital age’ and are increasing their reliance on online channels as a mean to attract consumers. Penetration of e-commerce in consumer products industry has brought quite remarkable changes through various digital platforms. The market report study gives detailed views on the current situation.

Understanding the Impact of Covid-19 on Global Self-cleaning Bottle Market

The recent outbreak of the COVID-19 has adversely affected various markets in the consumer products industry. Penetration of Artificial Intelligence and Big Data Science in the industry is expected to have a positive impact on the market.

Following government’s measures, consumers are practicing social distancing. Consequently companies operating in the Self-cleaning Bottle market had to adjust to a new normal of operating through digital means. Additionally, movement restrictions and supply chain disruptions have created impressive growth opportunities for the e-market players.

The FMI’s report provides an interesting chapter on preliminary impact of the COVID-19 on the Self-cleaning Bottle market. This allows both leading and emerging key players to understand the market scenario and aid them to tackle the challenges during the crisis.

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• Serving domestic and international clients 24/7
• Prompt and efficient customer service
• Data collected from reliable primary and secondary sources
• Highly trained and experienced team of research analysts
• Seamless delivery of tailor-made market research reports

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Self-cleaning Bottle Market: Segmentation

Vital information offered in the FMI’s Self-cleaning Bottle market report has been classified into key segments and sub-segments.

Based on the Capacity

• Less than 500 ml
• 500-750 ml
• Above 750 ml

Based on the Sales Channel

• Online Retailers
• Supermarkets/Hypermarkets
• Independent Stores
• Other channels

Based on the Charging Type

• Potable Charging
• Wireless Charging

Self-cleaning Bottle Market: Competition Analysis

The FMI’s study presents a detailed analysis of global, regional, and country-level players operating in the Self-cleaning Bottle market. Competitive information detailed in the Self-cleaning Bottle market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of key market players. Furthermore, unique growth strategies and mergers & acquisitions (M&A) activities associated with the players are also discussed in the Self-cleaning Bottle market report.

Key players covered in the report include:

• The Crazy Cap
• Larq
• Mahaton
• QUARTZ
• Shenzhen NiceUV Optics Co., Ltd.
• Luma Bottle
• Noerden
• BackerClub (N-Hug), among others.

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Key Offerings of the Report

• Growth Drivers and Challenges: Comprehensive analysis on growth-driving factors and challenges for market players in different regions
• Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
• Segmentation Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Comprehensive analysis of each regional market to arm stakeholders with necessary information to take critical decisions
• Competitive Landscape: All-inclusive details on both leading and emerging players vying for a slice of the Self-cleaning Bottle market.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
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According to a recent report by Future Market Insights (FMI), the anti-pollution skin care products market is expected to surpass a valuation of US$ 13.3 Bn at a CAGR of over 7.3% through 2031.

Natural substances used in cosmetics and toiletries are in high demand, and this trend is predicted to continue. The organic beauty craze is part of a bigger shift in consumer consciousness about health, wellbeing, and the environment that has occurred in recent years. Companies are replacing synthetic chemicals with natural substances in line with the trend, partly due to customer demand and partly due to a shift toward sustainable raw materials.

Chemical-free cosmetics are becoming more popular as people become more aware of their negative consequences. Customers are increasingly looking for products that are both natural and healthy at a reasonable price. Aside from increased disposable incomes, there has been an increase in allergy cases as more chemical-based items enter the market. With greater exposure to chemical-based beauty products, people are experiencing a variety of allergies. People with sensitive skin generally avoid using such products, resulting in an increase in demand for high-end anti-pollution care solutions.

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Probiotic skincare is in high demand due to a preference for organic ingredients and the popularity of probiotics in the food and beverage industry. This opens up the possibilities for the cosmetics and personal care sector, as well as a lot of room for growth in the worldwide anti-pollution skin care products market.

The FDA in the United States is now examining scientific data to determine the safety of pro-biotics and post-biotics. Pentavitin (US only) targets Staphylococcus epidermidis prevalent in the scalp microbiome to moisturize the area and alleviate dry skin, and DSM is one of a few companies investigating into the benefits of this medicine. Syn-Up (US only) is another DSM product, a peptide component that interacts with the skin microbiome to address dry skin problems and skin redness.

Key Takeaways from the Anti-Pollution Skin Care Products Market Study

High-performance skincare for pre-teens is expanding the roots of personal care market globally.In terms of product type, facial scrubs & toners are expected to hold a noteworthy revenue share of 25.1% in 2021 due to increasing skin issues such as dryness, dark spots, wrinkles, and others.In terms of nature, natural & organic anti-pollution skin care products marks as the prominent category due to the rising trend of organic ingredients such as turmeric, aloe vera which are chemical free.The U.S. holds a noteworthy value share of 79.0% in North America owing to the rapid upsurge in the number of anti-pollution skin care products in recent years.Thailand is a key market in South Asia reflecting a CAGR of 10.5% owing to higher spending on premium products in the country.

“To keep up with consumer demand for anti-pollution makeup, manufacturers are developing new products in a variety of makeup categories. The introduction of anti-pollution makeup, from lip balm to serum to face mask, even makeup remover, is propelling the total anti-pollution skin care products industry.” says an FMI analyst.

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Impact of COVID-19 on the Market

The novel coronavirus outbreak has caused an economic downturn by disrupting corporate operations in a variety of industries. The retail sector has taken a beating. A temporary difficulty for market participants is the decline in overall discretionary spending levels. The manufactures in the industry are focused to expand their product offerings and enhance their product portfolio even focused on improving online penetration, as this provides an opportunity to the players to access a wider consumer base at once within minimum costs.

Who is winning?

Leading manufacturers of anti-pollution skin care products are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of anti-pollution skin care products globally.

Major players present in the anti-pollution skin care products market are Procter & Gamble Co., Beiersdorf AG, Unilever PLC, Avon Products Inc., The Estee Lauder Companies Inc., L’Oreal S.A., Kao Corporation, Colgate-Palmolive Company, Avon Products, Inc., Shiseido Company, Amway, among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global anti-pollution skin care products market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the anti-pollution skin care products market based on the product type (sun care products, moisturizers/ creams, facial masks, facial scrubs & toners, cleansers, and serums), end-user (male, female, and unisex), nature (conventional, natural/organic), sales channel (hypermarkets/ supermarkets, convenience stores, specialty stores, salon stores, online retailing, pharmaceutical & drug stores, and others) across seven major regions.

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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Natural cosmetics sales surpassed 2 billion units in 2018, totaling a market value worth US$ 36 billion in 2019. A new study by FMI forecasts that natural cosmetics market will grow at 4.8% in 2019. Key factors fuelling demand for natural cosmetics include,

• Growing consumer concerns regarding the side effects of chemicals in cosmetics & toiletries
• Demand for natural ingredient percolating from food to non-food products including cosmetics & personal care
• Dissemination of knowledge regarding benefits of natural ingredients and increasing ethical consumerism

The study finds that household consumption of natural cosmetics remains higher as compared to their demand in commercial spaces of salons & spa. Consumer preference for organic and natural products is no more limited to food & beverages landscape, with organic cosmetics sales surging in recent years. According to FMI, sales of natural cosmetics in the household segment is likely to account for over two-third of the global revenues in 2019.

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Hair Care Natural Cosmetics Accounted for Nearly One-Third Sales in 2018

The study revealed that in addition to growing popularity of natural skin care products, consumer preference for natural hair care products is also growing. Plant-based hair care products are witnessing popularity among an increasingly growing consumer demographic looking for chemical-free products for daily use. These factors are also fuelling the natural skin care product category, which is set to grow at over 5% in 2019 over the previous year.

“Skincare and hair care products are among the traditional products used for grooming and have witnessed significant evolution in formulations wherein plant-based and organic products are trending in the cosmetics & personal care industry. A combination of hair care and skin care products accounted for over half the natural cosmetics market revenues in 2018 and the status-quo will continue in the coming years,” says FMI.

Unisex Natural Cosmetics Top Selling, Male Products Gaining Traction

The study finds that sales of unisex natural cosmetics have spearheaded the market for many years. In 2019, the trend is likely to continue and the sales of unisex natural cosmetics will hold over one-fourth of the global revenues. Consumers’ greater orientation towards unisex natural cosmetics can be attributed to their higher sales in the market.

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The increasing interest of male grooming is a new trend in the industry which is expected to translate into higher sales in the ‘for men’ category in 2019. Natural cosmetics for females are also gaining popularity, as local manufacturers use their traditional herbal know-how in delivering broader and safer natural cosmetics portfolio.

Distributors Accounted for 2 in 10 Sales of Natural Cosmetics in 2018

FMI’s thorough study of the distribution network of the natural cosmetics market reveals that wholesalers or distributors remain the preferred choice for the purchase of natural cosmetics among consumers. Over 2 in 10 natural cosmetics products were sold through wholesaler or distributors in 2018.

Apart from this conventional sales channel, consumers also prefer convenience stores to purchase natural cosmetics. While sales through convenience stores were comparable to that of wholesalers or distributors, hypermarket/supermarket and specialty stores also continue to register considerable unit sales of natural cosmetics. Consumers also chose online purchase option, however, limited options of premium products restrict the sales as consumers prefer cost-effective and reliable

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Natural Cosmetics Sales in Europe Continue to Surge

FMI opines that Europe will be the largest consumer of natural cosmetics and APEJ and North America are expected to follow suit. Europe has a sophisticated legislative framework for cosmetic market players to enter the EU market.

Further, Europe’s love for natural plant-based ingredients combined with the region’s efforts to promote sustainability is fueling the demand for natural ingredients. In Europe, demand remains concentrated in EU5 countries which include Germany, France, Italy, Spain and the UK, wherein presence of an extensive distribution network with a number of sales channels, the natural cosmetics market is attracting new consumers.

The FMI report tracks the natural cosmetics market for the period 2018-2027. According to the report, the natural cosmetics market is projected to grow at 4.9% volume CAGR through 2027.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Sustainable Footwear Market Report Published by FMI is an in-depth Analysis of the Market Covering its Size, Share, Value, Growth and Current Trends for the Period of 2020-2030.

Sustainability has become a buzzword in the fashion world at present, and the trend is sweeping the footwear vertical too. Footwear accounts for a fifth of the environmental impact created by the overall apparel industry, with over 700 million metric tons of CO2 generated as a byproduct of its production and raw material extraction every year.

As social conscience becomes a bigger platform for innovation and fuel to trigger step-change improvements within the footwear industry, NPD data reveals that 36% of individuals aging 18-34 years have done shopping in the recent past to support brands’ social position.

This creates a meaningful opportunity for brands to capture value from increasingly conscious customers. Companies need to be forward-thinking and have an ecological and social responsibility to flourish in the near future.

Customers that will represent the largest customer base prioritize these issues, and companies must over-communicate their market position to retain them in the sustainable footwear market that is both growing and transforming.

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Sustainable Footwear Market – Key Trends and Drivers

Sustainability makes true business sense with regards to the supply chain, and that when both companies and customers are engaged throughout the value chain, it triggers a mutual agenda advancing around more conscious footwear manufacturing.

Recent data reveals that about 300 million pairs of footwear are disposed each year and, on an average, it requires 30-40 years for a pair to completely decompose in landfills.

Adoption of recycled materials in footwear leaped 70% y-o-y in 2019. With emergence of startups, committed efforts by established brands, and penetration into footwear by sustainability leaders, sustainable footwear is witnessing an uptick.

The time is ripe where shoe makers are making considerable strides in circularity and sustainability. These are holistic shifts which include boosting the adoption of recycled, renewable, and bio-based materials, while also exploring innovative ways to produce, design, and package.

Sustainable Footwear Market – Growth Restraints

Majority of players in sustainable footwear market find it challenging to invest in technology and talent to develop fully sustainable footwear from scratch. As such, some manufacturers are seeking more creative ways to join this movement.

Due to factors such as complexity, size, and lack of proper infrastructure for recycling or repair, the footwear industry is yet to leverage the full potential of sustainability without alienating customers.

Raw materials required to manufacture sustainable footwear are relatively expensive compared to that used in production of conventional footwear. That said, technological advances in terms of recycling fabrics more effectively are slated to curb the cost of obtaining raw materials in the coming years.

COVID-19 Impact on Sustainable Footwear Market

The COVID-19 pandemic has trapped the world and the footwear industry unprepared and the subsequent societal and economic downturns are putting forth unprecedented challenges.

While the sustainability drive has been the norm in the footwear industry across various domains including, sport, luxury, fast fashion and value retail, the pandemic is straining the commitment of companies and retailers to sustainability.

Having that said, latest studies suggest that the ongoing public-health crisis simultaneously demands brands to accelerate their shift towards sustainable initiatives in an effort to remain competitive in the footwear market that will make sharp recovery after the COVID-19 chapter.

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Sustainable Footwear Market – Regional Analysis

Asia Pacific (APAC) brands are leading the pack in ensuring responsible footwear choices. Sustainability-focused initiatives such as “Fashion For Good” aims to trigger transmutations at the structural level throughout the footwear and apparel supply chain via funding sustainable innovations in Bangladesh, India, and Vietnam.

Much in the same vein, sustainable footwear brands in Europe are emerging to meet the demand as well as help transform the footwear industry for the better. Rising number of fashion-conscious consumers who are willing to pay premium for the products they value is further attracting stakeholders’ attention.

Furthermore, the European Commission has introduced the 2020 European Social Innovation Competition with an aim to enhance the eco-friendly and social impact of fashion.

To address these challenges, the competition is seeking creative solutions that promote sustainable production, usage and adoption of fashion, as well as the shelf life of fashion products.

Sustainable Footwear Market – Competition Analysis

While established sustainable footwear manufacturers are already focusing on sustainability and have made it a pillar for their business from the early stage, emerging players are leapfrogging onto the sustainable footwear movement.

Adidas is developing and testing footwear derived from 100% recyclable materials. In addition, brand has publicly pledged to bank solely on eco-friendly materials in their products by 2024
Giesswein exclusively uses Merino wool in its footwear that is made from small, independent farmlands where animal welfare is a key priority. It has also imposed a zero-waste policy to ensure all left-over wool scraps from the manufacturing process are recycled and blended into other products Reebok has announced a running sneaker that incorporates plant-sourced, instead of petroleum-based materials  Reformation utilizes bio-based materials rather than plastic inside their heels, and water-based adhesives in place of toxic glues that most manufacturers bank on for shoe assembly.

Players in the sustainable footwear market include Adidas Group, Native shoes, Tropicalfeel, Nike, Rothy’s, Veja, Reformation, Nisolo, New Balance, MATISSE FOOTWEAR, Amour Vert, and Threads 4 thought.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Expanding at a CAGR of 5.3%, the global bicycle shoe market is projected to increase from a valuation of US$ 1.16 Bn in 2022 to US$ 1.67 Bn by the end of 2029. The recent past has observed an increased adoption of bicycle shoes owing to increasing number of cycling events, clubs and association across the globe which in turn is accelerating the sales of cycling accessories such as bicycle shoes and helmets among riders. Moreover, growing cycling interest and high penetration of online sales channel are expected to fuel the global sales of bicycle shoe.

FMI in its newest research report opines that the growing trend of custom bicycle shoes is leading to an uptick in the demand for bicycle shoe. On the back of these factors, the global bicycle shoe market is estimated to be valued at US$ 998.7 Mn in 2019 and expected to expand at 5.5% CAGR during the forecast period of 2019-2029.

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Key Takeaways from the Bicycle Shoe Market Study

• East Asia is expected to dominate the global bicycle shoe market owing to large population base which are more inclined towards fashion and health. Cycling activity which has emerged as health & fitness program among consumers, attracts East Asia riders for higher participation which is resulting to an uplift of bicycle shoe in the region. As per Union Cycliste Internationale (UCI), 40 UCI cycling teams are registered in 2018 which was 17 in 2009, increased more than double in past years.
• According to FMI, mountain bike shoe accounted for the maximum share in the global bicycle shoe market owing to high preference for adventure sports among consumers supported by the manufacturers with continuous innovation in mountain biking (MTB) such as wireless drivetrains, wireless dropper-posts, fork & shock controls which further generates the necessity of mountain bike shoe.
• An upsurge in consumer spending was seen in the segment of men within the global bicycle shoe market. As per Statistics for American Motorcycle Riders, female motorcycle owners accounted for only 19% as compared to men (81%) in 2018.
• While offline sales channel will continue to dominate the bicycle shoe market during the forecast period, online sales channel is expected to see a prolific rise with a higher CAGR in bicycle shoe. Preferential shift of consumers towards online platforms are primarily driven by product availability and competitive vendor prices etc. Online platforms offer multiple sellers at the same time with numerous bicycle shoes to choose from. Moreover, bicycle shoe delivery at doorstep also saves the consumer’s time which is another important factor towards the growth of online sales channel.

Increasing Public Bicycle Rental Programs and Government Initiatives

Bike-sharing programs offer an active mobility option to individuals with an objective to increase cycling, reduce congestion, and minimize environmental pollution. Also, bicycles available on rent save users investment needed to purchase their own bicycles. In addition, users who make a habit of using rental bicycles can be potential buyers in the future for companies that target citizens who commute over shorter distances. A study by Institute for Transportation and Development Policy (ITDP) in 2014 revealed that bike-share programs have been initiated in over 600 cities worldwide, and more bicycle rental programs are starting each year.

The Indian government has taken many initiatives, such as ‘Make in India’ and ‘Startup India’, with an objective of boosting the manufacturing sector and increasing the purchasing power of the average Indian customer. Such initiatives would further boost demand and hence, spur the development of bicycles in addition to benefiting investors. Moreover, the Government aims to push the country’s manufacturing sector to account for 25% of its GDP, which is much higher than the current 17%. All these factors are anticipated to drive the growth of the bicycle market in the Asia-Pacific region, thereby boosting demand for bicycle shoes.

Who is winning?

Some of the key players operating in the bicycle shoe market are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., Lemans Corporation, EVS Sports and others.

Several leading bicycle shoe players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on research and development activities to come up with new technologies which can change the market landscape of bicycle shoe.

• In March 2020, Leatt, a company which designs & manufactures of protective neck braces, body armour and cycling shoe, has  launched innovative shoe line for mountain biking.
• In Feb 2019, the company Shimano launched indoor cycling footwear, IC5 and IC3 shoes.

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Key Segments of Bicycle Shoe Industry Survey

Bicycle Shoe Market by Product:

• Mountain Bike Shoes
• Road Bike Shoes
• Touring & City Bike Shoes
• Winter Shoes

Bicycle Shoe Market by Price Range:

• Premium Bicycle Shoes
• Mass Bicycle Shoes

Bicycle Shoe Market by Consumer Orientation:

• Bicycle Shoes for Males
• Bicycle Shoes for Females
• Bicycle Shoes for Kids

Bicycle Shoe Market by Sales Channel:

• Online Sales of Bicycle Shoes
• Offline Sales of Bicycle Shoes
  • Specialty Bicycle Retailers
  • Full-line Sporting Goods Stores
  • Department Stores & Others

Bicycle Shoe Market by Region:

• North America Bicycle Shoe Market
• Latin America Bicycle Shoe Market
• Europe Bicycle Shoe Market
• East Asia Bicycle Shoe Market
• South Asia & Pacific Bicycle Shoe Market
• Middle East & Africa (MEA) Bicycle Shoe Market

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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The global bicycle bags and bag-packs market is expected to register new growth opportunities during the forecast period. The market is projected to rise at a CAGR of ~5.6% between 2019 and 2029, Future Market Insights foresees high growth for the market.

There is a significant increase in bicycle long tours among the young population worldwide. Growing cycle tourism and long tours for a social cause are the major reasons for the increase in the number of bicycle long tours. Long tours demand for various types of carrier bags to carry the essential things for the journey. Cycle carrier bags are specifically designed to be mounted onto bicycle frame so as to relieve the cyclists from carrying weight on his back.

Cycle carrier bags lowers the centre of gravity of the bicycle that makes controlling the bicycle much easier with compact transportation of the gear such as food, clothing, and biking tools. Consequently, there is a growing demand for cycle carrier bags globally.

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Key Takeaways from the Bicycle Bags and Bag-packs Market Study

Asia Pacific region is at forefront for cycling globalization. There is a considerable young population in this region. The benefits of cycling to maintain a healthy lifestyle is a major factor influencing the millennial. Government in this regions are taking initiatives to promote cycling activities such as development of cycling tracks, cycle sharing spots, and arranging cycling events.

According to Union Cycliste Internationale (UCI), Asia region is extremely active in hosting major cycling events. Currently, there are 40 UCI Continental Teams registered in Asia, which is more than twice of 2009 having 17 teams. Also, a significant number of manufacturers of bicycle bags and bag-packs is present in this region.

Considering all these factors, Asia Pacific regions holds potential opportunities for bicycle bags and bag-packs market. Association of manufacturers with governmental initiatives is anticipates to generate new opportunities in this region. E-commerce sales channel is estimated to generate high revenue in the forecasted years for the bicycle bags and bag-packs market owing to increasing internet usage among consumers.

“Manufacturers are developing bicycle bags and bag-packs by targeting the growing number of women cyclists such that the bags cater its basic function in a fashionable way. The low awareness among consumers about Bicycle Bags and Bag-packs when compared with other personal care products is major barrier of the market growth. Consequently, effective advertising is essential for the rapid growth of bicycle bags and bag-packs market.” says an FMI analyst.

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Celebrity Endorsement to Inspire Consumer’s Buying Behaviour

An emerging trend in the bicycle bags and bag-packs market is the increasing number of key players appointing various celebrities from the field of sports and films to endorse their products, with an objective to influence consumers to adopt the same. This is winning trust of the customers and attracting them to use of bicycle bags and bag-packs instead of conventional bags.

Who is winning?

Some of the key players operating in the bicycle bags and bag-packs market are as Shimano, Inc., Giant Manufacturing Co., Ltd., Merida Industry Co Ltd., Wiggle Ltd., BROOKS ENGLAND, Recreational Equipment, Inc., Ortlieb USA, Topeak, Trek Bicycle Corporation, Velotransit, MAINSTREAM-MSX, Madden Equipment, Lone Peak Packs, Inertia Designs, Deuter Sport GmbH, and others. Several leading market players are engaged in partnership with other companies to increase their product offering across the world. Moreover, companies are engaged in celebrity endorsement and product innovation.

For instance, the BLS Group features famous professional cyclists such as Mariske Strauss, Nate Koch, and Jolien D’hoore as brand ambassadors.

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BICYCLE BAGS AND BAG-PACKS MARKET TAXONOMY

The global bicycle bags and bag-packs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product Type

• Cycle Carrier Bags
• Bag-packs

Sales Channel

• Offline
  • Specialty Bicycle Retailers
  • Full Line Sporting Goods Stores
  • Department & Others
• Online

Region

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East and Africa

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The global pet insurance market size is expected to reach US$ 38.8 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of 11% between 2022 and 2030. According to the report, the rising number of pet owners, increase in awareness about pet insurance and associated health benefits of pet ownership will stoke growth in the market.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the pet insurance market. Some of these are:

• The estimated value of the market at US$ 7.8 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Regionally, North America dominates the pet insurance market globally.
• Latin America emerges as one of key markets owing to high pet ownership in the region.
• Dogs and Cats segment hold the highest value share in pet insurance market.
• ‘Accident & illness’ coverage option comes out as the most preferred type of pet insurance among pet owners
• Key players are likely to focus on new service offerings to stay relevant in developed markets.

Growth in Pet ownership and Selling Techniques of Companies to Create Opportunity for Expansion
Rise in number of companion animals, increase in awareness about pet insurance, growth in pet ownership propels the growth of the pet insurance market. The Pet health insurers offer different plan options or tiers with varying policy limits which also attracts pet owners towards pet insurance.

However, high cost of pet insurance policies, lack of awareness among consumers, and government regulation limits the growth of the market. Marketing strategies adopted the insurance companies include online marketing, veterinary clinics, pet stores, shelters and animal support and rescue organizations or word of mouth referrals which also fuel the pet insurance market for further growth. Furthermore, largely untapped market with extremely low penetration rates is expected to provide numerous opportunities for the pet insurance market.

Accident & Illness Policy Coverage Fuels Demand for Pet Insurance
Pet insurance which is becoming a norm of most of the developed countries. Pet insurance market is gaining traction by the accident & illness insurance policy as it provides both accident and illness coverage. Rapidly increasing consumer’s awareness on pet’s diseases, rising veterinary costs and marketing efforts of industry operators have caused consumer acceptance in the pet insurance market.

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Who is winning?
Some of the leading players operating in the pet insurance market are Figo Pet Insurance LLC., Embrace Pet Insurance Agency LLC, Hartville Group, Health for Pet, Hollard, Oneplan, Petfirst Healthcare LLC, Protectaplan, Petplan Limited, Trupanion, Inc., Nationwide Mutual Insurance Company., Anicom Holdings Inc, Pethealth Inc., Royal & Sun Alliance Insurance Company of Canada, Inc., Direct Line Insurance Group plc, Petsecure, Healthy Paws, 24PetWatch etc. As a result of increasing competition, companies are focusing on expanding their product portfolio. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

• In March 2019, CareCredit, LLC, a healthcare financing company of Synchrony Financial, had acquired a Idaho based pet insurance company Pets Bestto to expand its current product/service offering
• In Dec 2019, MetLife Inc. had acquired Jeffersonville-based company PetFirst to enter into pet insurance market

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Key Segments of Pet Insurance Industry Survey
Pet Insurance Market by Policy Type:

• Accident
• Accident & Illness
• Embedded Wellness

Pet Insurance Market by End User:

• Pet Insurance for Dogs
• Pet Insurance for Cats
• Pet Insurance for Horses
• Pet Insurance for Exotic Pets
• Others

Pet Insurance Market by Region:

• North America Pet Insurance Market
• Latin America Pet Insurance Market
• Europe Pet Insurance Market
• East Asia Pet Insurance Market
• South Asia & Pacific Pet Insurance Market
• Middle East & Africa (MEA) Pet Insurance Market

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The earphones and headphones market is estimated at US$ 22.3 Bnin 2022, and is projected to close in on a valuation of US$ 35.2 Bnby 2028, expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period.

The sales of mobile phones and smartphones have grown significantly across the world since the past few years, especially in developing countries such as India, China, Brazil, and Mexico. Moreover, the increasing trend of mobile shopping, E-banking, and bringing your own device (BYOD) is driving the global demand for smartphones and tablets, which is, in turn, boosting the technologically advanced devices, such as Wi-Fi enabled devices, in the earphones and headphones market.

The increasing migration of the rural population to cities, especially across developing countries such as India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will however remain the leading market for earphone and headphone in the near future, according to FMI’s findings.

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Developing Countries Turning into ‘Largest Sales Hub’

In the past decade, there was an upsurge in urbanisation, which resulted in an increase in the disposable income of the population that migrated to urban areas. Growth in the disposable income of the people has boosted the adoption of technologically advanced products worldwide, which include smart devices, smartphones, tablets, and advanced wireless earphones. This trend has been majorly observed in developing countries, such as India, China, Brazil, Mexico, and Indonesia. This has resulted in an increase in the adoption of earphones and headphones in these countries.

Strengthening the distribution channel and expanding advertising platforms for earphones and headphones is also contributing to the development of the global market for earphones and headphones. The music industry as a whole is estimated to contribute to the growing GDP and per capita revenue of various nations. Thus, continuous growth in the music industry and the music streaming market is boosting the adoption of accessories for music systems, which include earphones, headphones, and intelligent speakers.

Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A significant number of companies in the earphone and headphone market depend mainly upon powerful sales channels, such as multi-brand distributors and the retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry. In addition to partnerships with distributors, the providers of earphones and headphones collaborate with numerous E-commerce companies, such as Alibaba and Amazon, due to the growing E-commerce industry, especially in nations such as the U.S., China, Brazil, and India. Strengthening the distribution channel and expanding marketing platforms for various items also contributes to the development of the global market for earphones and headphones.

Some of the key players in the global earphone and headphone market research report include Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These companies in the earphone and headphone market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other providers to offer enhanced earphones & headphones and to reach new growth markets during the forecast period.

Based on product type, the global earphone and headphone market is sub-segmented into ear buds, in-ear, on-ear, and over-ear. The rapid growth of the music industry and the penetration of music streaming has resulted in significant growth in the demand for earphones and headphones. Based on technology, the global earphone and headphone market is sub-segmented into systems, which include wireless and wired. Based on application, the market is sub-segmented into personal use and professional use, which is further divided into corporate offices and media & entertainment, sports, and gaming.

Based on headset type, the market is sub-segmented into ANC and Non-ANC. Based on the distribution channel, the market is sub-segmented into distributors & value-added resellers, retail stores, which includes multi-brand stores and exclusive stores, and the e-commerce channel. Based on price range, the market is sub-segmented into low price, medium price, and premium price.

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Market segmentation

The global earphones market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

• In Ear
• Over Ear

Technology

• Wired
• Wireless

Application

• Music & entertainment
• Sports & fitness
• Gaming & virtual reality

Price Range

• Low
• Mid-range
• Premium Range

Sales Channel

• Wholesaler/ Distributor
• Hypermarket/ Supermarket
• Specialty Stores
• Exclusive Stores
• Online Stores
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global heated jacket market size is expected to reach ~US$ 368.5 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~16.8% between 2019 and 2029. According to the report, rise in participation of outdoor sports activities in winters such as hiking, trekking, and skiing among millennial population drives demand for heated jacket across the globe.

The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the heated jacket market. Some of these are:

The estimated value of the heated jacket market was at ~US$ 77.7 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a substantial growth.Regionally, North America dominates the heated jacket market globally attributed to high adoption of heated jackets among hikers, cyclists, and other winter sports enthusiastic people.East Asia emerges as one of key markets owing to rise in demand for fashionable products, increasing participation in outdoor activities, and consumers in the region are highly influencing by western culture.

Rapidly emergence of online retailers’ sales channel is expected to boost the sales of heated jacket over the forecast period.Prominent players in the market are focuses on new product development, innovative marketing campaigns, promotional activities, collaborative partnership with sports influencers and celebrities to increase their brand penetration along with expand market footprint to have a competitive edge among their competitors.

Rise in Demand for High Power Heated Jacket among Consumers

Based on the power type, the 5-7 volt is expected to be the leading markets in the global heated jacket over the forecast period. 5-7 volt power type heated jackets are mostly preferred by consumers as it offers long lasting warmth, significant temperature level, and provide low, medium, and high heat settings are the primary factors expected to exhibit a significant growth in the global heated jacket market during the forecast period.

Furthermore, the 7 volt power type heated jacket lasts for 10 to 11 hours and they are light weight, easy-grip shape as well as comfortable propel the global heated jacket market for further growth. However, 7-20 volt heated jacket segment is expected to expand at higher CAGR during the forecast, as these type of heated jacket heats up considerably faster than other heated jacket types.

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Who is Winning?

Some of the leading players operating in the heated jacket market are Milwaukee Electric Tool Corporation, Kelvin Coats, Ororo, DEWALT, H2C Brands, LLC, Venture Heated Clothing Company, Robert Bosch Tool Corporation, Heated Wear Gerbing Gyde Company, Dragon Heatwear Company, Outcool, AdirPro, Comfortwear International, Inc., Fieldsheer Company, Climix Heated Jackets Company, Knap Energy Heated Jacket, Pau1Hami1ton, Xiaomi Corporation, Redder, PROsmart Heated Clothing Company, Ravean, and others. These manufacturers are continuously investing on research and development activities to develop light weight, comfortable heated jacket with high power capacity for cold weather workers and for various outdoor activities as well as winter sports. Moreover, increasing their sales channel across the globe through strategic partnership, with small scale vendors, innovative marketing strategies, various certifications, and enter into online platform remains the most prominent strategy among the key manufacturers in the market. Companies intend to expand their geographical footprint through collaborating with local players.

In 2019, Xiaomi Corporation introduced a new cotton smith heated down jacket specially designed for the winter. This new heated jacket will keep consumer warm during extremely cold weather with a temperature around -120 degree Celsius.In 2019, Kelvin Coats launched a new line of fashionable heated puffer coats with advanced warming technology to expand its product offering as well as offer most appealing and stylish heated apparel to the customers.

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Market SegmentationThe global heated jacket market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

End-User

• Men
• Women

Power Type

• Below 5 Volt
• 5-7 Volt
• 7-20 Volt

Size

• Small
• Medium
• Large
• XL (Excel)
• 2XL (Double Excel)

Application

• Leisure
• Industrial/ Construction
• DIY
• Other Applications

Sales Channel

• Wholesalers/Distributors
• Hypermarkets/Supermarkets
• Multi-Brand Stores
• Exclusive Stores
• Independent Small Stores
• Online Retailers
• Other Sales Channels

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global air purifier market is expected to surpass a valuation of US$ 10 Bn in 2021. It is expected to grow at a CAGR of approximately 11.3% through 2031.

Membrane technology has become increasingly popular in air purifiers during the last decade. Membrane filters are made using a combination electrospinning/netting process with a receiving substrate design to provide good air filtration. The efficiency and pressure drop of air purifiers with ePTFE and UPE membranes are astounding.

People are becoming more aware about their health and fitness as a result of increasing health awareness. The impact of air pollution in causing respiratory disorders, such as acute respiratory infections and chronic obstructive pulmonary disease, is well established. Because industrialization, urbanization, and contemporary lifestyles cannot be compromised on, strategies to reduce emissions and reverse the problem of poor air quality are gaining traction. Air purifiers are proving to be the most promising solution for addressing poor air quality.

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The air purifier market has seen a lot of claims made by manufacturers in order to promote their brand and level up the competition. As a matter of fact, consumer purchase patterns are often influenced by company claims.

Producers and brand owners have focusing on improving efficiency and efficacy of their products to woo increasing number of consumers. LG, for example, stated that in 2020, it will produce a one-of-a-kind cover for the PuriCare Wearable Air Purifier that will use the company’s UVnano sterilisation technology to kill 99.99 percent of germs in under 30 minutes using UV-C LED rays.

Air Purifier Market Outlook Compared to Growth Registered in 2016-2020

The outbreak of the novel COVID-19 dampened sales prospects due to restrictions impos4ed on, which also caused disruptions in supply chains activities across various industries. Contrary to this, the unprecedented pandemic outbreak also made people more cautious about air they breathe.

The focus on disinfection and living in a hygienic environment was at its peak during COVID-19, which has helped the air purifier market to recuperate from the pandemic-induced restrictions.

In the coming years, the demand for air purifier will get stronger, especially as consumers exhibit higher willingness to maintain healthy indoor air quality. Driven by this, the global air purifier market will exhibit 11.3% CAGR between 2021 and 2031 in comparison to 8.5% CAGR exhibited in 2016-2020.

The demand for air purifier for home and offices is predicted to increase significantly over the forecast period. Increasing online penetration of leading air purifier manufacturers will also aid growth in the market.

High installation of air purifiers in schools, hospitals, and other institutions is likely to remain a chief growth driver. The demand from commercial sector will rise as well. More than 80% of the overall revenue from air purifiers is expected to come from the commercial sector. This is owing to manufacturers’ growing efforts to diversify their economies and develop innovative products.

Key Takeaways from the Air Purifier Market Study

• In terms of technology, HEPA filters account for a major share in the air purifier market. Demand in this category is expected to grow at a CAGR of 4.3% in 2020.
• Leading companies in the air purifier market will cover nearly 42% of sales.
• The U.S. will account for maximum demand in North America, sealing its dominance in the global market.
• Demand in the U.K. will grow at an impressive pace, pushing overall growth in the Europe market.

“As competition continues soaring, market players are likely to focus on making air purifiers smarter. They are integration concepts of artificial intelligence to enable improve machine-human interaction,” says an FMI analyst.

Impact of COVID-19 on the Market

The current pandemic outbreak has created numerous challenges on the part of supply side and demand side. The temporary restrictions imposed by regional governments on the movement have impacted supply chains drastically. Besides this, the shift from discretionary spending to essential goods has further negatively impacted the market growth.

On the flip side, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing, facilitating a wider market reach. This is expected to aid in the global market recovery.

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Who is Winning?

Leading manufacturers of air purifier are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales growth of air purifier globally.

Major players present in the air purifier market are Koninklijke Philips N. V, LG Electronics Inc., Xiaomi Corporation, Afpro Filters B.V., Dyson Ltd., Godrej Appliances, Condair Group AG, Daikin Industries, Ltd., Honeywell International Inc., Whirlpool Corporation, Japan Air Filter Malaysia Sdn. Bhd., Hitachi Limited, Dyson Technology Ltd, and Panasonic Corporation among others.

Global Air Purifier Market by Category

By Technology Type:

• HEPA
• Electrostatic Precipitator
• Ion and Ozone Generators
• Activated Carbon
• Other Technologies

By Coverage Area:

• Below 250 Sq. Ft.
• 250-400 Sq. Ft.
• 401-700 Sq. Ft.
• Above 700 Sq. Ft.

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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