Market Research Blog

As per FMI, the global diketene market is expected to dominated by East Asia Region and is predicted to continue during the forecast period. Diketene market in East Asia is projected to top US$ 205.6 Mn by 2032.

The global diketene market is projected to expand at a steady 4.7% CAGR during the forecast period between 2022 and 2032, finds Future Market Insights (FMI). Diketene is primarily used in the manufacturing of a wide range of agrochemicals, pharmaceuticals & nutraceuticals drugs, pigments & dyes, and others.

Growing use and demand for diketene in the agrochemical industry is a major factor propelling the demand in the market. The demand for agrochemicals for intensive crop care is rising around the world.

Furthermore, expansion of pharmaceutical industry is increasing the adoption of diketene, boosting the market. In the pharmaceutical industry, diketene is used to make a variety of chemotherapeutic and antimicrobial products.

Diketene is also used in quantitative and qualitative drug analysis, and is used in the pharmaceutical industry. Hence, key players are expanding their global reach by building new manufacturing plants to boost production capacity while also strengthening their distribution networks.

To meet growing customer demand, the companies are also focusing on product development by investing in research and development to develop advanced and innovative technologies, solutions, and materials.

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“Over the assessment period, sales of diketene are expected to be driven by the expansion of agrochemicals & pharma industry across the globe followed by surging application in pigments & dyes and others.” says an FMI analyst.

Key Takeaways:

• Based on derivatives, the diketene esters segment is projected to hold approximately 74% of the total market share in 2022.
• In terms of application, the agrochemicals segment is anticipated to grow at 4.1% CAGR through 2032.
• East Asia will emerge as an attractive diketene market and is expected to create an incremental $ opportunity of US$ 76.8 Mn in the forecast period.
• Pharma & nutraceutical segment is expected to reach about US$ 7 Mn by end of the forecast period.

Competitive Landscape         

Key market participants of the diketene marketinclude Eastman Chemical Company, Daicel Corporation, Ltd, Laxmi Organics Industries Limited., Mitsuboshi Chemical Co. Ltd, Jiangsu Tiancheng Biochemical Products Co. Ltd, Ningbo Wanglong Technology Co., Nantong Acetic Acid Chemical Co., Ltd., and others.

Key diketene market participants are investing in high-growth regions such as East Asia and South Asia Pacific to expand their customer base. The market for diketene is highly concentrated, with only a few market players dominating the market.

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Diketene Market by Category

By Derivative:

• Diketene Esters
• Arylamide
• Alkylamide
• Dihydroacetic Acid (DHS) & Salt
• Others

By Application:

• Agrochemicals
• Pharmaceuticals & Nutraceuticals
• Pigments & Dyes
• Others

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

5. Global Diketene Market Demand Analysis 2017-2021 and Forecast, 2022-2032

To be continued…!

About 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 Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/diketene-market
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The Middle East and Africa Bio-Stimulants Market is anticipated to record an impressive CAGR of 7.8% during the forecast period, 2020-2030. The requirement for organic products and techniques is increasing in the MEA as nations in the region focus on enhancing agricultural yield. Consumers nowadays are gradually aware about several negative effects of utilizing chemically synthesized fertilizers and pesticides. This has been ensued in growing sales of organic stimulants.

The demand for organic products and methods is rising in the Middle East and Africa (MEA) as countries within the region focus on improving agricultural yield. This is in turn is driving the Middle East and Africa bio-stimulants market, finds Future Market Insights (FMI) in a new study. Customers nowadays are increasingly aware about various negative effects of using chemically synthesized pesticides and fertilizers. This has been resulting in surging sales of organic stimulants.

“The Bio-stimulants market will record surging demand for bio-stimulants mainly due to the promising initiatives implemented by governments. These campaigns are frequently aimed at boosting the implementation of bio-stimulants to counter the influence of diminishing arable land, growing population, and scarcity of water in the region.” says an FMI analyst.

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Key Highlights

• Turkey will be foreseeing skyrocketing growth due to the increased dedication of the Turkish government for the growth of agriculture.
• The foliar category is anticipated to foresee a rise in sales over the projected period.
• The acid-based category is likely to remain dominant across the anticipated period.
• Fruits and vegetable crops segment will remain lucrative in the global market.

Drivers

• Surging demand for sustainable agricultural practices is spurring the market growth.
• A drop in the accessibility of arable land as well as escalating population are projected to generate lucrative prospects for market players functioning in the market.
• Unfavorable climate conditions prevailing in majority of the regions of MEA has been favoring the expansion of the biostimulant in the region.

Restraints

• Lack of awareness amid farmers regarding the effectiveness and benefits of bio-stimulants might limit the growth.
• Several nations lack regulations concerning the commercialization of products, leading to a lower adoption of new products and is constraining market expansion.

Impact of COVID-19 on the Market

The COVID-19 outbreak triggered disruptions in various industries including the MEA bio-stimulants market. Lockdown implementation in several nations triggered a slowdown in manufacturing. With growing awareness in relation to safety and health, individuals are now inclined towards the usage of organic products. This boosted demand for sustainable and ecofriendly agricultural products, and assist in gaining the pre-crisis sales in the bio-stimulants market.

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Competitive Landscape

Market players are engaged in emerging bio-stimulants with enhanced safety and efficiency to boost their application. Players are further collaborating with several companies to generate better forms of biostimulants.

Prominent players in the MEA market are Platform Specialty Product Corp., Bayer CropScience, Biostadt India Ltd, Sapec Group, Koppert Biological Systems, Valagro S.p.A., Lallemand, Syngenta AG, Marrone Bio Innovations, Novozymes A/S, AlgaEnergy, Biochimica, Italpollina, BASF SE, UPL and Isagro.

Hydrazine Hydrate Market Value is US$424 Mn in 2020, likely to surge at a vigorous 4.9% CAGR during the assessment period 2020 – 2030. According to a new report by Future Market Insights (FMI), hydrazine hydrate market surpassed US$ 426 million in revenues in 2021, and is projected to grow at a steady 4.9% CAGR through 2030. The latest study takes into account the impact of COVID-19 on hydrazine hydrate market.

According to the study, demand for hydrazine has witnessed a notable slump in 2022 owing to the ongoing covid-19 outbreak. Restrictions on manufacturing, automotive, and polyester industries, coupled with disruptions to raw material supply chains has limited growth of the industry for the short term.

As per the report, innovations in polymerization and agriculture chemicals, and new, cost-effective production methods, will support the market in the long term.

Despite the upwards trajectory of the hydrazine hydrate market between 2022 and 2030, environmental and health concerns associated with the carcinogenic and toxic nature of hydrazine hydrate, and the resultant strict regulations on handling, storage, and use of the material is expected to limit the growth of the sector.

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The study by FMI encompasses a wide-ranging overview of the market, with data on key dynamics of the hydrazine hydrate industry. Some of the prominent takeaways include:

• The hydrazine hydrate market size was estimated at over 426 Mn in 2021, at over 157 thousand tons with growth diminishing moderately for the duration of the coronavirus outbreak, owing to lockdown restrictions and reduced demand for polymer foams and agrochemicals.
• At over 60 thousand tons of hydrazine hydrate used in 2021, the polymerization and blowing agent application segment is expected to account for more than 37% of the market share over the forecast period.
• Water treatment and pharmaceutical applications of hydrazine hydrate are unlikely to be affected by the covid-19 pandemic, reflecting over 4.5% CAGR during the crisis period.
• With a production volume of over 66 thousand tons in 2021, East Asia will remain a leading market for hydrazine hydrate, supported by the presence of production facilities by international market leaders in China and Japan, and high volumes of production and exports. Also, South Asia and Pacific is expected to reflect relatively strong growth on the back of agrochemical demand from agrarian economies in the region.

Covid-19 Impact on Hydrazine Hydrate Market

The coronavirus pandemic has moderately affected the hydrazine hydrate market, with the demand for polymers and blowing agents slumping on a global scale. Also, restrictions on international trade and lockdown regulations on the operations of the chemicals industry is projected to limit short term demand in the market.

Further, foam manufacturers are being forced to shut down or limit production processes, for non-essential applications. However, demand for hydrazine hydrate in the pharmaceutical and water treatment segments are unlikely to be affected by the coronavirus crisis. Applications as pharma intermediates, and demand for potable water will help to partially mitigate any losses arising during this time.

These factors, compounded by a decrease in consumer spending has shrunken market size, made investors hesitant, and has hurt the average growth rate. However, the market is likely to reflect gradual recovery towards 2021, with relaxation of lockdown restrictions.

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Who is winning?

In its latest report, Future Market Insights have provided an in-depth overview of the business strategies that have been observed in the hydrazine hydrate market. Major market players in the industry have largely invested their resources into research and development endeavors for the development of optimized production technologies. Strategic acquisitions and capacity expansions are gaining prominence in the hydrazine hydrate sector.

Hunan Zhuzhou Chemical Industry Group Co Ltd., Otsuka-MGC Chemical Company Inc., Tangshan Chenhong Industrial Co. Ltd., Arkema SA, Lonza Group Ltd., Weifang Yaxing Chemical Co Ltd., Nippon Carbide Industries Co. Inc., Yibin Tianyuan Group Co. Ltd., LANXESS, and Japan FineChem Company are some of the more prominent players in the hydrazine hydrate market.

Hydrazine Hydrate Market By Category

By Application :

• Water Treatment
• Pharmaceutical Industries
• Agrochemical Industries
• Polymer and Blowing Agent
• Others

By Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• MEA

About 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 9-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/hydrazine-hydrate-market
For Sales Enquiries: sales@futuremarketinsights.com
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Future Market Insights (FMI) projects that the global crotonaldehyde market will grow in value at a CAGR of 4.2% between 2022 and 2030. As consumers seek ready-to-eat and packaged food products owing to hectic lifestyles across the world, the requirement for preservatives such as sorbic acid is poised to remain high, subsequently driving the demand for crotonaldehyde. Crotonaldehyde is gaining prominence in the leather tanning and rubber processing applications, which are expected to channel a significant portion of revenue to the market.

The report by Future Market Insights gives in-depth insights on the sector in terms of revenue and sales projections for the duration between 2022 and 2030. Application of adhesives as viable substitutes for flanges, panels, and other fastener settings support growth in the long-term.

Expanding at a CAGR of 4.5% the global sales of Industrial Adhesives is expected to increase from a valuation of US$ 52,862.0 Mn in 2021 to US$ 78 Bn by the end of 2030.

Manufacturing and industrial facilities from numerous verticals require specialized adhesives for production and product quality. As a result, the demand for industrial adhesives has risen steadily in years past. However, the coronavirus pandemic has had a substantial impact on industrial activity on a global scale, generating a slight decline in demand during 2020.

A key factor driving global demand for industrial adhesive products is the growing scope of applications in the packaging, electronics, and automotive sectors, along with investments into product development for greater functionality, bolstering overall adoption rates.

Sustainability Trends Aid Market Prospects

According to The Adhesive and Sealant Council, the automotive industry alone makes use of up to 40 kg of industrial adhesives for every vehicle. Consequently, the residue, and improper application techniques pose environmental and health risks.

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With efforts in keeping up with the requirements of the modern consumers industrial adhesive manufacturers are seeking methods to minimize the environmental impact of their product offerings. Investments into research and development to develop alternatives to conventional chemical industry adhesives market are important.

On the other hand, cost and performance standards of industrial adhesives are also of high importance for users. Consequently, manufacturers have been pushing for the incorporation of the better technologies towards this end. For instance, electron beam processing has found a role as a substitute for ultraviolet curing or oven drying, which has shown promise in minimizing emissions of volatile organic compounds.

Industrial Adhesives Market – Competitive Landscape

Industrial adhesive manufacturers around the world are employing a multi-pronged strategy including product development, collaborations towards bolstering distribution networks, and capacity and geographic expansion endeavors.

The coronavirus is expected to create short term hurdles for industrial adhesives. However, the overall prospects of the sector are positive through 2030, even as some businesses are pushed towards operational and workforce cuts during this period.

In addition to these players, some other prominent industrial adhesive manufacturers include:

• 3M
• Sika AG
• Dow Inc.
• Henkel AG & Co. KGaA
• H.B. Fuller Company
• Arkema S.A.
• Huntsman Corporation
• Teraoka Seisakusho co., Ltd.
• Pidilite Industries Limited
• FORBO Holding
• Covestro AG
• Organik Kimya
• Panacol-Elosol GmbH
• Cargill Incorporated
• Master Bond Inc.
• Glue Dots International
• ASTRAL ADHESIVES
• Super Glue Corporation
• YAMATO Co., Ltd
• DELO Adhesives
• Tonsan
• Hongshu Adhesive Products Industrial Co., Ltd
• GRECO (Great Eastern Resins Industrial Co., Ltd.)
• Vulkaflex Industria
• Chemlok

Demand for bamboos is expected to rise primarily due to rising demand from key end-use sectors such as paper & pulp, building & construction, textile, and wood. According to a new Future Market Insights (FMI) analysis, the worldwide bamboos Products market will grow at a high double-digit CAGR from 2022 to 2029, reaching a value of US$ 12 billion in 2029.

Bamboo is a multi-purpose forest product that is important in both residential and industrial economies around the world. Due to its availability and versatility, bamboo and bamboo-based products are utilised for a wide range of interior and outdoor applications.

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Key Takeaways – Bamboos Market Study

The pulp & paper end-use industry segment in the global bamboos market is witnessing high growth, and is expected to follow the same trend over the forecast period owing to utilization of bamboo as a raw material in the production of paper & pulp.

Bamboo produces about 35% more oxygen as compared to other trees. Additionally, its biomass is an efficient and cheap fuel for power generating units. As a result of this, the power sector is focusing on bamboos as a source of fuel for power generation.

Asia Pacific (APAC) is expected to maintain its dominance in the global bamboos market throughout the forecast period in terms of volume as well as value. This can be mainly attributed to the growing construction industry in China and India, supported by surging infrastructural investments. APAC has more than half of the total bamboo species available in the world.

Thriving penetration of green building technologies is supporting the demand for bamboos due to utilization in construction of scaffolding. Moreover, there is a continuous demand for bamboo furniture, plywood, and outdoor decking in various countries.

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Who Is Winning the Bamboos Landscape?

The global bamboos market is fairly fragmented, with small- and medium-scale enterprises accounting for major market share in the global market. Some of the key market players included in the report are Moso International B.V., Bamboo Village Company Limited, and Shanghai Tenbro Bamboo Textile Co. Ltd.

New product launches and developments are some of the key strategies adopted by market players to retain their position in the global bamboos market. The companies are engaged in continuously participating in different events, conferences, tradeshows and seminars to market their newly launched products across the globe.

Bamboos Market – Regional Analysis

High growth in construction, pulp & paper, and furniture industries is expected to be a key driving factor for bamboos market growth. China is a large exporter of processed bamboo products such as bamboo plaiting, bamboo shoots, bamboo panels, wood charcoal of bamboo, etc., whereas countries such as the U.S., Canada, and other European countries where very small bamboo resources are available import bamboo products requirement from other bamboo-rich countries.

Know More About What the Report Covers

FMI, in its new research report offers an unbiased analysis of the global bamboos market, presenting historical demand data (2014-2021) and forecast statistics for the period 2022-2029. The study reveals insights on the bamboos market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the bamboos market value chain.

Readers can also find key trends and market growth scenarios based on end-use industry and regions such as North America, Latin America, APAC, and Europe and Middle East & Africa (EMEA).

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Bamboo Products Market By Category

Product Type:

• Lifestyle Products
• Furniture
• Home Décor Items
• Kitchenware & Cutlery
• Personal Accessories
• Yarn & Textiles
• Educational and Recreational Products

End-User:

• Personal and Residential
• Commercial
• Industrial and Infrastructure

Sales Channel:

• Online
• Offline

Region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific excluding China & Japan
• Japan
• China
• Middle East & 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
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The global vegan footwear market is estimated to be valued at US$ 42.18 Bn in 2022 and expected to expand at 8.0% between 2022 and 2030. Millennial have emerged as a key demography for the market, demonstrating high willingness to spend on fashion apparel and footwear.

Younger generation are demonstrating impressive eco-consciousness. To an extent this is attributable to social media influence and messages shared by celebrities and their role models across public platforms.

Consumers’ changing mind-set is encouraging them to support brands that respect their values and lifestyle. Additionally, surging consciousness with regards to comfort, eco-friendly material, and sustainable products is favoring production and sales of vegan footwear.

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Future Market Insights’ (FMI’s) report on the market studies various factors enabling growth. It also uncovers hidden opportunities for the market players. Some of the key takeaways from the report are:

• According to the report, behemoths such as Nike, Inc., Adidas AG, Puma SE, Under Armour, and others are incorporating various recycling programs and introducing new collections of vegan footwear with eco-friendly fires to retain the customers
• Companies are investing in product designing and innovation to establish a strong foothold in the emerging markets. Simultaneously, they are reducing their carbon footprint which is helping them to lower operating costs. These steps adopted by the companies are improving their brand perception in the market
• North America is expected to retain its dominance backed by the immense popularity of vegan fashion among millennial. The footwear manufacturing sector is witnessing a strong demand for vegan footwear in the U.S. In Europe the market will gain from the rising demand in the U.K. and Germany
• Based on product type, the shoes segment holds the highest share in the global vegan footwear market and is expected to exhibit a higher CAGR as compared to other product types
• The footwear industry is thriving immensely through increased sales via e-Commerce platforms. Online retailing is expected to gain momentum in response to the surging popularity of vegan footwear in the coming years

Rising Demand for Eco-Friendly Shoes Causing Sales Uptick

At present, maximum number of footwear manufacturers are acting in response to the increasing demand for sustainable products and recycled commodities. Some of the leading brands are therefore abandoning the use of fur and leather and replacing them materials used with recycled plastics and polyester, rubber, and others.

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This is seen as a key strategic move among companies to retain existing consumers and attract new ones. Some of them are even reviewing their pricing strategies to gain better traction.

While demand for eco-friendly products will remain the chief growth driver, expansion of the market will remain subdued amid the ongoing pandemic. The unprecedented COVID-19 outbreak has caused significant disruptions in supply chain, compelling brands to focus on leveraging their online presence.

Growth according to FMI, will remain stunted during the pandemic. However, the market is expected to recover soon since consumers are likely to be more cautious about their choices in the post COVID-19 period.

“Keeping in mind shifting preference of consumers, most companies are expected to focus on sustainability. Some of them will also include plant-based materials for manufacturing shoes to gain competitive advantage,” said an FMI analyst.

Who is winning?

Some of the key companies operating in the vegan footwear market are Nike Inc., Susi Studio, Adidas AG, Matt & Nat, Veerah, Hexa Vegan Shoes, AVESU GMBH, Beyond Skin UKamong, Ethletic, MooShoes, and others.

Several vegan footwear companies are spending on promotional activities, expansion of their physical store presence, and entering into a strategic partnership with prominent retailers to cater to growing consumer demand.

• In 2019, the company Adidas AG, entered into a strategic partnership with an American hip hop group, Beastie Boys and introduced ‘Adidas Skateboarding X’, a vegan sneaker.
• In 2019, beauty entrepreneur & celebrity tattooist Kat Von D had launched a collection of vegan shoes made of vegan leather made from apples, faux fur, and recycled rubber, etc.

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Get Valuable Insights into Vegan Footwear Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global vegan footwear market, presenting historical demand data (2015-2021) and forecast statistics for the period from 2022-2030. The study divulges compelling insights on the vegan footwear market based on the product type (shoes, sneakers, boots, sandals, heels, loafers, and others), material type (microfiber, polyurethane (PU), recycled plastics, recycled polyester, cotton, natural rubber, hemp, others), end-user (men, women, and kids), pricing (mass/ economic, premium) and sales channel (direct, indirect {hypermarkets/supermarkets, specialty stores, multi-brand stores, independent stores, convenience stores, online retailers, and other sales channel}) across all major regions.

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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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Future Market Insights (FMI) provides insights into the Horse Riding Equipment market’s weaknesses and prospects in this analysis. It depicts the global horse riding equipment market’s growth trajectory. The research reveals untapped potential and market share owned by distinct industry categories. The research provides a detailed analysis of the worldwide Horse Riding Equipment market’s main growth drivers, promising avenues, and competitive landscape.

The report includes key data and information in terms of value and volume. It delves into the variables that drive growth in both established and emergent markets. It investigates the competitive scene in depth in order to provide players with the information they need to manoeuvre past potential obstacles.

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.

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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 Horse Riding Equipment 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 Horse Riding Equipment 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 Horse Riding Equipment market. This allows both leading and emerging key players to understand the market scenario and aid them to tackle the challenges during the crisis.

Why Choose Future Market Insights

• 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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Horse Riding Equipment Market: Segmentation

By Product

• Helmets
• Vests
• Stirrups
• Saddle
• Halters
• Bridles
• Accessories
• Others

By Price Range

• Mass
• Premium

 By Material Type

•  Wooden
• Metal
• Plastic
• Leather
• Others

By Equipment Type

• Equine Equipment
• Rider Equipment

By Consumer Orientation

• Male
• Female
• Kids

By End-user

• Amateurs
• Professionals

By Sales Channel

• Hypermarket/Supermarket
• Independent Sports Outlet
• Sports Retail Chain
• Franchised Sports Outlet
• Direct-to-Customer Online Channel
• Direct-to-Customer Institutional Channel
• Modern Trade Channels
• Third Party Online Channels

Key players covered in the report include:

• Dainese
• Georg Kieffer Sattlerwarenfabrik GmbH
• Decathlon
• Cavallo GmbH
• Antares Sellier
• Fabtron Inc.
• Mountain Horse
• HKM Sports Equipment.

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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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The global pet care market to rise at a CAGR of ~6.1% between 2022 and 2031. Pet owners are now more cautious when choosing food options for their pets as a result of growing public awareness regarding the substances used in pet food products. The health advantages of using natural and organic components in pet care products are known to pet owners.

The demand for organic and natural formulations has benefited from this. Pet owners favour goods that offer a balanced nutritional profile for animals while being devoid of artificial colours and preservatives.

According to a research by the Association for Pet Obesity Prevention, 55 percent of dogs and cats in the United States are thought to be fat. The possibility to offer value-added products with high-quality ingredients and diet research is enormous given the increased customer interest in luxury goods.

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Product introductions with high-quality ingredients that provide value enhance the market for pet care products, which promotes long-term growth prospects. Companies in the market are increasing their selections to include natural and organic products in order to capitalise on this widespread trend.

For instance, the Kroger Co. offers natural food products for pets with proteins and essential nutrients. Besides, GMO (genetically organism free) food products are also available for pets in the market.

The rise in the number of pet owners and the growing awareness of veterinary health and investments into animal health organizations are swiftly boosting the prospects of manufacturers through the upcoming decade.

Key Takeaways from the Pet Care Market Study

• Pet food is expected to hold a noteworthy revenue share of over 65% of all product sales. The growth is attributed to the demand for premium, natural, and organic ingredients.
• Pet care for dogs is expected to contribute revenue share of 35.1% in 2021. The role of dogs as companions and the resulting humanization drives associated sales.
• The U.S. leads the North America market accounting for 90% value share by 2031 owing to higher purchasing power.
• The U.K. accounts for more than 25% of the Europe market with concerns over pet health and investments into product innovation.
• China and South Korea are considered high growth markets for pet care in East Asia, reflecting a CAGR of over 14% with the penetration of key players with premium products.

“Growing acceptance of technologically advanced automated pet care products, and increasing expenditure driven by trends of pet humanization will influence the revenue generation opportunities in the pet care market through 2031,” says an FMI analyst.

Impact of COVID-19 on the Market

A downturn in the economy has been brought on by the new coronavirus outbreak due to disruptions in business operations across a number of industries. One of the areas most severely impacted by this crisis is the retail business. For the players, a brief hurdle is the overall reduction in discretionary spending.

Due to the temporary closure of numerous daycare centres and pet hotels, the overall revenue of the pet care business has temporarily decreased. Due to this circumstance, players are increasingly concentrating on increasing their internet penetration, since doing so gives them the chance to instantly reach a larger consumer base while spending the least amount of money possible.

Who is Winning?

Major players present in the pet care market are focusing on aggressive promotional strategies, advertisements, and new product launches have driven sales growth of pet care products and services globally.

Some of the leading players in the industry are Procter & Gamble Co., JM Smucker Co, Nestlé Purina Pet Care Co, Monge & C. Spa, Hill’s Pet Nutrition SNC, Royal Canin SAS, Affinity Petcare France SA, Champion Pet Foods LP, Cargill, C & D Foods, Aller Petfood, Bob Martin, Blue Buffalo Co. Ltd., Cambrian Pet Foods Ltd., Crosswind Industries Inc., and Crown Pet Foods Ltd., among others.

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Key Segments of Pet Care Industry Survey

Pet Care Market by Service:

• Pet Care Products
  • Pet Food
  • Pet Healthcare
  • Fashion, Toys, and Accessories
• Pet Care Professional Services
  • Day Care
  • Grooming Boarding
  • Pet Breeding and Training
• Pet Care Value Added Services
  • Insurance
  • Veterinary Care
  • Pharmacies
  • Adoption and Charity
• Pet Care Crisis Relief Services

Pet Care Market by Pet Type:

• Dogs
• Cats
• Birds
• Fish and Reptiles
• Small Pets
• Horses & Other Livestock

Pet Care Market by Service Channel:

• Modern Trade
• Convenience Stores
• Care Services Centres
• Veterinary Clinics
• Online Retails
• Support Care Centres
• Pet Specialty Stores

Pet Care Market by Region:

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

Frequently Asked Questions

• What is the present valuation of the global pet care market?
• Which is the most lucrative regional market for pet care services?
• Which countries drive most demand for pet care services?
• Which prime pet care market players are profiled in this analysis?
• What is the pet care market predicted to be worth by 2031?
• At what pace is the pet care market expected to increase over the coming years?

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