Floriculture Market is Rising Due to Growing Use of Flowers for Aesthetic Purposes by Institutions/Events Marks

The floriculture market revenues are anticipated to exceed $40 billion, with strong CAGR growth projected through 2029. The market for floriculture, which is mostly supported by cut flowers, will grow significantly thanks to the recent explosion in popularity of edible flowers.

Institutions/events that currently hold around 3/5 of the share in the market would remain the prominent adopters of floriculture items.

Huge potential for flowers for the purpose of decoration throughout multiple occasions would fuel the growth of the institutions/events segment during the forecast period.

Flowers are bought for a variety of purposes, including expressing love or sympathy, as well as achieving environmental and aesthetic aims. Floriculture is currently being adopted because of the necessity to incorporate green cover into workplace interior designs.

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Key Takeaways – Global Floriculture Market Study

  • Europe is expected to retain its dominant position in the global floriculture market, attributed to increasing adoption of gardening activities in the region.
  • Among product type, the cut flowers segment is considered a key contributor to growth of the global floriculture market, due to high consumption of fresh roses in decorations such as bouquets at events, vase arrangements, and as gifts on special occasions.
  • The cut foliage segment is expected to witness a significant CAGR in the global floriculture market, owing to increasing use of mix bouquets in flower arrangements at events and festivals.

Rising Environmental and Social Responsibility to Shape Market Trends

Consumers demand sustainably produced flowers, attributable to increasing consumer awareness regarding environmental and social impact of production and trade of floriculture products worldwide. Thus, all participants in the floriculture value chain aim adopt sustainable agricultural practices such as integrating pest management and conservation agriculture to reduce negative impact of their activities on the environment.

Consumers in the market are also willing to pay more for sustainably grown flowers. Thus, companies aim to obtain certifications and are offering fair trade, FPP, and other certified flowers to their consumers in order to improve their market position.

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Floriculture Market: Competitive Landscape

Prominent players in the global floriculture market are Tropiflora Ltd., Forest Produce Ltd., Selecta Cut Flowers S.A.U., Native Floral Group, Tropical Foliage Plants, Inc., Oserian Group, Esmeralda Farms, Marginpar BV, DOS GRINGOS, LLC, Flamingo Horticulture Ltd., Danziger Group, Florensis Flower Seeds UK Ltd., Verbeek Export B.V., Florance Flora, Karuturi Global Ltd., and others.

Players in the floriculture industry are focusing on Asia for production and sales of commercial floriculture products, owing to significant rise in demand for low cost flowers in this region. Companies are also entering various strategic partnerships with domestic players to expand their market footprint.

Key Segments of Floriculture Industry Survey

Floriculture Market by Product:

  • Cut Flowers
  • Cut Foliages
  • Plants
  • Propagation Materials

Floriculture Market by Flower:

  • Roses
  • Chrysanthemums
  • Tulips
  • Lilies
  • Gerberas
  • Carnations
  • Texas Bluebells
  • Freesias
  • Hydrangeas
  • Others

Floriculture Market by End Use:

  • Floriculture for Personal Use
  • Floriculture for Institutions/Events
  • Floriculture for Hotels, Resorts, & Spas
  • Floriculture for Industrial Use

Floriculture Market by Sales Channel:

  • Direct Sales of Floriculture Products
  • Floriculture Products Sold at Specialty Stores
  • Floriculture Products Sold at Franchises
  • Floriculture Products Sold at Florists & Kiosks
  • Floriculture Products Sold at Supermarkets/Hypermarkets
  • Floriculture Products Sold at Independent Small Stores
  • Floriculture Products Sold by Online Retailers
  • Others

Floriculture Market by Region:

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

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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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Automatic Coffee Machines Market – Semi-Automated Coffee Machine Market is Expected to Gain Momentum

The automatic coffee machine market will see a CAGR of 5.1% throughout the years 2021-31. It is projected that demand for automated coffee makers will continue to soar, especially given the expanding popularity of fast food businesses.

Automatic coffee machines Market – Important Highlights

  • According to product type, super automatic coffee machine is estimated to hold the maximum market share during the forecast period, due to its high consistency in quality.
  • Semi-automated coffee machine market is expected to gain momentum, owing to its flexibility like manual timers and due to its lesser price.
  • Hotels and cafes are anticipated to account for the lion’s share in the global market, due to a sudden increase in out-of-home consumption among people in the recent years.
  • North America is estimated to hold the lead market share in the projected years, with US being in the forefront, owing to the love for coffee among the residents and their growing preference towards automated kitchen appliances.
  • India is estimated to hold a prominent market share due to its Rapid increase in urbanization and foundation of several IT parks in emerging which is likely to boost consumption of coffee beverages.

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Automatic coffee machines Market – Drivers

  • Rise in number of cafes and coffee shops across different regions of the world.
  • Increasing preference towards saving time and maintaining the consistency of the coffee is generating the need of automatic coffee machines.
  • The opportunities are estimated to get more profitable with an increasing number of companies investing in research and development to launch automated coffee machines with advanced functionalities.
  • With rising environmental concerns, focus will be more on making ecofriendly coffee machines and different market player’s center of attention will be in developing machines with less power and electricity consumption, which will drive the market.

Automatic coffee machines Market – Restraints

  • High cost of automated coffee machine is estimated remain as a major constraint for the market.
  • As these machines are highly sophisticated, it has a high maintenance cost and is difficult to handle.

COVID-19 Impact on Automatic coffee machines Market

The automatic coffee machines market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The expansion of commercial infrastructure and establishment of different it parks and cafes will guarantee growth despite temporary lull experienced during COVID-19 outbreak. Therefore, the automatic coffee machines market is likely to set on path of regaining as economies have started to stabilize bit by bit.

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Competitive Landscape

Besides adopting different strategies for expansion, the key market players are therefore focusing on product launches with advanced features

For instance:

  • Swiss brand – Ergo has lately started selling a fully automatic coffee machine, called Next Touch Coffee. Besides featuring a self-adjusted grinder, it can be configured with IoT innovations and different options, and has a wide range of payment systems. The report contains insights of some prominent players in the global automatic coffee machine market, like Koninklijke Philips N., Keurig Green Mountain, Inc., De’Longhi Appliances s.r.l, Nestlé Nespresso S.A and many more.

Market Taxonomy

Product Type

  • Fully Automatic
  • Super Automatic
  • Semi-Automatic

End Use

  • Hotel
  • Restaurant
  • Cafe
  • Institutional
  • Residential

Regional Outlook

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
  • Middle East and Africa (GCC Countries, Northern Africa, South Africa, Rest of MEA)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)

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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.

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Skin Lightening Products Market is Anticipated to Grow to US$ 1586 billion by 2031

The global skin lightening products market is anticipated to grow to US$ 1586 billion by 2031, according to a Future Market Insights report.

Efficiency and effectiveness of a product are recognised by manufacturers and brand owners as being extremely crucial variables in converting the product’s unique selling proposition (USP) into a larger market share. The survey claims that one of the main causes driving the demand for skin whitening products is the increase in melasma incidence.

Melasma can be defined as acquired hyperpigmentation on the skin and occurs due to a number of reasons, such as genetic predisposition, ultraviolet radiation, hormonal factors, and drugs. Topical therapies and minimally invasive surgeries are becoming extremely popular in treating melasma across the globe.

However, the latter being expensive, a larger consumer base is adopting topical therapies for the treatment of hyperpigmentation. Topical therapies include medically prescribed or over-the-counter drugs, including several creams, lotions, gels, serums, and other topical therapies.

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The rising prevalence of melasma across the globe is shifting women to opt for topical therapies for treating their skin conditions. Apart from the U.S., the adoption of skin-lightening products has also demonstrated an increasing penetration rate among the African population.

As per the World Health Organization (WHO), 77% of Nigerians use skin-lightening products on a daily basis. Improved lifestyle and a rise in the middle-class consumer group in Africa are pushing the penetration of skin care products across the countries. Women happen to cover the leading share in the market, accounting for nearly 80% of sales. FMI in its latest study has forecast the market to rise at a CAGR of 12.8% between 2021 and 2031.

Key Takeaways of Skin Lightening Products Market Report

  • Skin lightening product sales will continue rising, especially in the lotion and creams category
  • The U.S. has emerged as a highly lucrative market, accounting for over 90% sales in North America
  • The presence of some of the leading market players is pushing y-o-y growth in the U.K. at 3.3%
  • The expansion of beauty industry will continue fuelling sales in Germany and France
  • Japan will remain an exceedingly lucrative market, accounting for over 50% sales in East Asia

Impact of COVID-19 & 2020 Market Analysis

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

Besides this, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing facilitating a wider market reach. However, the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities amid economic slowdown.

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Who is winning?

Future Market Insight (FMI)’s report underlines insights into the competitive situation of the Skin Lightening Products market along with highlights of differential ways utilized by players. Some key players within the Skin Lightening Products market includes and others.

The players are aggressively investing to encourage and promote product development with an aim to gain a competitive advantage over other players operating in the market. The players are entering into strategic alliances with others to build up and strengthen in house resources and expertise

Skin lightening Products Market by Category

Product Type

  • Lotions and Creams
  • Foam Skin lightening Products
  • Gels Skin lightening Products
  • Serum and Toner
  • Scrubs
  • Others

End User

  • Men
  • Women

Price Range

  • Economic (US$ 10-50) Skin lightening Products
  • Mid-range (US$ 50-200) Skin lightening Products
  • Premium (US$ 200 & Above) Skin lightening Products

Nature

  • Natural/Herbal Skin lightening Products
  • Synthetic Skin lightening Products
  • Organic Skin lightening Products

Sales Channel

  • Pharmacies
  • Hypermarkets/ Supermarkets
  • Specialty Outlets
  • Convenience Stores
  • Beauty Stores
  • E-Retailers
  • Others

Region

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

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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.

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Traditional Toys and Games Market to Grow at 4% CAGR in 2031 | U.S. is Anticipated to dominate the North America

The global traditional toys and games market to reach US$ 90 Bn in 2021, expanding at a 4% CAGR over the forecast period 2021-2031.

As nations implemented lockdown to limit the COVID-19 pandemic, the desire for conventional toys and games increased.

Some of the largest conventional toy and game businesses turned their attention to online sales channels as supply-chain disruptions continued to be a concern. In light of this, FMI expects the conventional toys and games market to expand by 2% annually between 2020 and 2021.

Surging demand for educational toys and games for toddlers is expected to augment growth of the traditional toys and games market. Educational toys are ideal for toddlers as they can help in stimulating the cognitive ability of children and improve their decision-making process.

Rising awareness regarding the significance of educational toys in children’s school curriculum will continue providing tailwinds to sales of traditional toys and games over the forecast period.

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In addition to this, growing trend of collecting action figures, toys, figurines, puzzles, and theme-based construction game sets among millennials is expected to augment growth of the market. To capitalize on this trend, manufacturers are investing in licensing and branding with premium franchises to launch such collectibles.

Key Takeaways:

  • Sales of construction games are expected to continue gaining traction over the assessment period.
  • Based on material, plastic traditional toys and games will continue dominating the market.
  • Demand for traditional toys and games for children under the 3-4 years age group is expected to gain momentum.
  • In terms of sales channels, online retail is expected to account for a dominant share of the global traditional toys and games market.
  • The U.S. is anticipated to dominate the North America toys and games market due to growing demand for licensed toys and games among millennials.
  • The U.K. will continue exhibiting high demand for traditional toys and games owing to growing popularity of technology-enabled toys.
  • China will emerge as a lucrative traditional toys and games market due to the expansion of ecommerce and wide availability of products in the country.
  • Japan and South Korea are expected to account for 35% and 21% of the total traditional toys and games market share over the forecast period.

Competitive Landscape

Dream International Limited, Hasbro, Inc., Jakks Pacific Inc., Mattel, Inc., Lego A/S, BANDAI NAMCO Holdings Inc., LeapFrog Enterprises, Inc., Spin Master Corp, Tomy Co., Ltd., Playmates Toys Limited, Games Workshop Group PLC, Kids Ii Inc., Madame Alexander Doll Company LLC, Mega Brands Inc., Melissa & Doug Inc., Funskool (India) Limited, Funko LLC, K’NEX Brands, L.P., Ravensburger AG, and MGA Entertainment, Inc. are among the leading players operating in the global traditional toys and games market.

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Leading players operating in the traditional toys and games market are aiming at product portfolio expansion by launching innovative products in the market. Apart from this, players are investing in licensing and branding of toys and games to gain a competitive edge in the market. For instance:

  • In July 2021, LeapFrog Enterprises Inc., a global leader in innovative educational toys, launched its new collection of learning toys that feature curriculum-based content and important foundational skills.
  • In October 2021, Spin Master Corp., launched the first collection as the global toy licensee for Riot Games’ ‘League of Legends’, the most-played PC game in the world.

Traditional Toys and Games Market by Category

By Product Type:

  • Games/Puzzles
  • Infants/Toddlers/Preschool Toys
  • Plush
  • Outdoor & Sports Toys
  • Model Vehicles
  • Dolls
  • Construction sets
  • Art and Crafts
  • Remote control toys
  • Educational toys
  • Dress up and role play
  • Ride on vehicles

By Material:

  • Plastic
  • Textile
  • Metal
  • Wood

By Age Group:

  • 0-18 months
  • 19-36 months
  • 3-4 years
  • 5-8 years
  • 8-10 years
  • 11-14 years

By Sales Channe:

  • Hyper/Super market
  • Online
  • Franchised Outlets
  • Departmental Stores
  • Others (Discounters, variety stores)

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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.

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Laundry Care Market is Anticipated to Register 5% CAGR in terms of value in 2031

The global laundry care market to be worth between $25 billion and $35 billion in 2021. Through 2021–2031, the market is anticipated to increase at a 5% CAGR.

Sales of liquid detergents are anticipated to rise as consumers choose them more frequently because they offer improved compatibility with washing machines and clean delicate textiles more effectively without causing damage.

Some of the top laundry care market players are introducing liquid detergents with plant-based ingredients in response to the surging demand for organic homecare products. On account of this, sales of laundry care products are expected to increase at 4% CAGR in terms of volume between 2021 and 2031.

Increasing adoption of advanced and automatic laundry machines which are compatible with detergent pods and liquid detergent also will improve the sales of liquid laundry detergents. Demand for sustainable and plant-based liquid detergents is rising, especially across India, China, and South Korea, which is expected to positively impact the growth in the market.

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Historically, demand for laundry care products increased at 4% CAGR between 2016 and 2020. However, with unprecedented outbreak of COVID-19 and increasing awareness for personal hygiene, demand for organic liquid detergents and fabric softeners has burgeoned.

According to the report, emergence of e-commerce platforms and promotion of plant-based liquid detergents and laundry care products will continue accelerating the demand in the laundry care market.

Key Takeaways from FMI’s Laundry Care Market Study

  • Based on product type, the fabric softeners segment is poised to expand at over 5.6% CAGR 2021
  • In terms of source type, synthetic segment is expected to register growth at 5.1% CAGR during the forecast period
  • Sales of powder laundry care products are expected to reach US$ 38.5 Bn between 2021 and 2031
  • South Korea and Japan are expected to account for over 22% and 34% of global sales in 2021, respectively
  • India and China are expected to spearhead the growth of South and East Asia laundry care market, respectively during the forecast period

Competitive Landscape

As per FMI, top players are expected to account for over 25%-35% of global market share in 2021. Key players are focusing on collaboration with e-commerce and local vendors to increase their revenue.

Some of the key players are also introducing sustainable and plant-based laundry care products, targeting vegan consumers, to create lucrative revenues.

For instance, In September 2020, Woolite, a subsidiary of Reckitt Benckiser Group PLC, announced the launch of stain remover wipes which is made up of non-toxic ingredients and with eco-friendly packaging effective on all kinds of stain.

Some of the players operating in laundry care market profiled by FMI are Procter & Gamble Co., Unilever PLC, Colgate-Palmolive Company, Henkel AG & Co. KGaA, Reckitt Benckiser Group PLC, Amway Corporation, Kao Corporation, S.C. Johnson & Son Inc., LG Household & Health Care Ltd., Golrang Industrial Group, Lion Corporation, Church & Dwight Co., Inc. and Alicorp S.A.A. among others

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Laundry Care Market by Category

Product Type:

  • Fabric Softeners
  • Laundry Detergents
  • Others

Distribution Channel:

  • Wholesaler/Distributors
  • Supermarket/Hypermarket
  • Convenience Stores
  • E-Commerce
  • Grocery Stores
  • Others

Source Type:

  • Synthetic
  • Organic
  • Others

Form Type:

  • Powder
  • Cake/Block
  • Liquid
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • 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,
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Delaware – 19713, USA
T: +1-845-579-5705
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Colour Cosmetics Market – China and South Korea are Expected to Spearhead the Growth

The colour cosmetics industry is estimated to grow at a CAGR of 5%. Sales of colour cosmetics will reach US$ 50 billion by 2031 as demand for natural and organic colour cosmetics and facial makeup products continues to grow.

Thanks to the growth of distribution channels and the growing adoption of social media platforms, sales of colour cosmetics have skyrocketed. Additionally, it is projected that throughout the projection period, the rising demand for cruelty-free cosmetics would propel sales of vegan colour cosmetics.

The growing demand for eco-friendly cosmetics and the inclusion of cutting-edge technologies like artificial intelligence will be favourable for the market for colour cosmetics. AI is being used by top colour cosmetic firms like L’Oreal and others to enhance the comparison and visualisation of hundreds of cosmetic colour variations.

Besides this, key players are investing extensively in research activities to include organic and natural color cosmetics such as face and eye makeup products in their portfolio. This is expected to bode well for the market.

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As per FMI, facial make-up segment is expected to remain dominant in the global color cosmetic market during the forecast period.

Key Takeaways from FMI’s Color Cosmetics Market Study

  • Based on product type, natural & organic color cosmetic segment will account for nearly 49.9% of market share over the next five years.
  • In terms of product category, sales in the eye makeup segment will total US$ 15 Bn by 2026
  • In terms of price, premium color cosmetic segment is expected to account for over 60% of global market share
  • China and South Korea are expected to spearhead the growth across East Asia color cosmetic market
  • Supermarkets are expected to remain the preferred distribution channel in the color cosmetics market, however, sales via e-commerce are expected to pick up at a higher pace
  • The U.S. is expected to dominate the North America color cosmetic market, with sales of color cosmetics across North America surging at 2% CAGR through the assessment period.

Competitive Landscape

As per FMI, top players are expected to account for over 30%-35% of global market share in 2021. Presence of numerous leading players in the market have led to intense competition. In order to gain competitive edge, key players are collaborating with social media influencers and e-commerce giants.

Also, some of the manufacturers are introducing new products under the clean-label category in order to capitalize on surging demand for organic and natural color cosmetic products. They are also investing in research and development activities to develop products with extended shelf-life.

Some of the key players profiled by Future Market Insights are L’Oréal SA, LVMH (Moet Hennessey Louis Vuitton), Estee Lauder Companies Inc., Revlon Inc., Shiseido Co. Ltd., Chanel S.A., Coty Inc., Mary Kay Cosmetics, Amway Cosmetics, Kose Corporation, and Others.

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Color Cosmetics Market by Category

Product Type:

  • Chemical
  • Natural & Organic

Distribution Channel:

  • Hypermarket/ Supermarket
  • Convenience Store
  • Specialty Store
  • Direct Selling
  • e-Commerce

Price:

  • Economic
  • Premium

Product Category:

  • Nail Products
  • Facial Makeup
  • Eye Makeup
  • Lip Products
  • Hair Colour Products
  • Special Effects Products

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Middle East & Africa
  • Japan

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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.

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South America Residential Water Treatment Equipment Market Demand, Geographical Outlook ,Size, Share, Notable Developments & by FMI

The demand in the South America residential water treatment equipment market will multiply at a CAGR of 9.2% during the forecast period of 2016 to 2026. In 2016, the total opportunities in this market translated into a revenue of US$330.0 mn.

The residential water treatment equipment market is being driven by rising awareness of environmental pollution, harmful effects of hard water, rising concerns about waterborne diseases and other risks, the introduction of smart water purifiers, growth in online sales of water treatment equipment, and the need for additional treatment at POE or POU to collect recycled water.

On the other hand, lack of awareness among consumers, cost of equipment, installation, and periodic services, and aging infrastructure are a few obstructions hindering the prosperity of the market.

Nevertheless, growing investments on energy-efficient and advanced water treatment technologies, smart metering and data analysis, provision of product certification and performance of specific products, growing number of collaborations between government and private players, and recent technological advancements in the treatment processes.

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The analysts of the report have detected that Brazil is the most lucrative country for the vendors operating in the South America residential water treatment equipment market, projecting the demand from the 200-plus million strong nation to increment at a CAGR of 8.7%, producing a revenue of more than US$475 mn by 2026.

The Brazil residential water treatment equipment market is driven by favorable government policies to counter radically escalating water contamination concerns in the states of Rio de Janeiro, Espírito Santo, São Paulo, and Minas Gerais. These states have had tremendous industrialization in the recent past, which is leading to greater demand for water purifiers.

In 2015, volume-wise, the Brazil residential water treatment equipment market produced a demand for 345 thousand units, and the FMI report has estimated the number to escalate up to 875 thousand units by 2026, gaining traction from growing awareness regarding the need and availability of products among the urban consumers. Most of the sales are being report from online portals and retail stores, while direct marketing methods are not generating enough leads.

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The competitive landscape of the South America residential water treatment equipment market is split wide open for product differentiation. There is a strong need for the introduction of new and innovative products in the regional market and the players are now increasing concentrating on UV and gravity or media based purifiers, as these products meet the aesthetics norms.

Some of the prominent companies in the South America residential water treatment equipment market, such as LG, Forbes Lux Group, Philips, and Panasonic are innovating and promoting UV purifiers and are expected to maintain their stronghold throughout the forecast period.

Based on equipment, the FMI report segments the South America residential water treatment equipment market into osmosis equipment, UV equipment, gravity or media equipment, faucet filter, and other filters.

Segmentation of Residential Water Treatment Equipment Market in South America

According to the taxonomy provided in the report, the residential water treatment equipment market in South America has three major segments includes, filtration devices, purification devices and regions.

On the basis of filtration devices, the market has faucet filters and others sub-segments. The other sub-segment includes filter water bottle, solar ball and water pitcher. Purification devices segments comprises of three segments, such as reverse osmosis, ultra violet and gravity media. Based on geography, the residential water treatment equipment market in South America has expanded among six major countries, namely, Argentina, Peru, Chile, Brazil, Venezuela and rest of South Africa.

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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:
Future Market Insights Inc.
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Mobile Phone Accessories Market to Grow at a CAGR of 6.7% through 2031 Due to the Significant Demand for High Quality, Durable, and Unique Features and Gadgets

The  mobile phone accessories market  is valued at US$ 86.6 Billion in 2021. Grow at a CAGR of 6.7% through 2031, reaching US$ 166 Billion. The increasing application of mobile phones and the expansion of 5G technology to ease operations and help in the smoother functioning of these devices are expected to have significant impact on mobile phone accessories market.

A Future Market Insights (FMI) analysis projects that by 2021, the market would be worth more than US$ 86.80 Bn.

The demand for mobile phone accessories has quickly increased as a result of the adoption of IoT in homes, and this trend will likely continue in the near future. The introduction of 5G technology will increase demand for mobile phone accessories that support augmented reality and virtual reality systems.

The rapid development of 5G technology will enhance the experience of devices linked wirelessly and will significantly increase the demand for wireless connectivity devices.

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In addition, growth in smart homes and smart appliances sales has been a complementing factor for mobile phone accessories. The demand for protective cases and covers is expected to be significantly high. Nearly 20% of mobile phone accessories sales are expected to concentrate in this segment.

With the advent of 5G technology, consumers will have a better experience at the usage of smart devices owing to better connectivity and high-speed Internet, which is estimated to fuel the demand for smart devices in the near future.

Key Takeaways from the Mobile Phone Accessories Market Study

  • FMI in its latest study has forecast the market to rise at a CAGR of ~6.7% between 2021 and 2031
  • The U.S. is expected to register impressive growth, accounting for above 78% of overall sales in North America
  • The U.K. is expected to register nearly 4% Y-o-Y growth in 2021
  • The demand from Germany and France is expected to rise considerably in response to the expansion of 5G networks
  • While China will remain leading market in East Asia, the demand from South Korea and Japan too is expected to rise at a swift pace

Increasing Focus on the Miniaturization of Electronic Devices

Companies are focusing on introducing compact electronic components for printed circuit boards. This is intended to enhance the performance of devices such as smartphones as well as reduce the overall production cost.

Moreover, they are expanding their footprint, especially in high-growth markets such as India and China through various mergers and acquisitions. Mobile phone accessories are increasingly adopted for improving the end-user experience of mobile phone users, which has contributed to the growing demand for mobile phone accessories.

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Impact of COIVD-19 & 2020 Market Analysis

The COVID-19 outbreak has encouraged governments and organizations to take exceptional measures to deal with the ongoing crisis. Such measures have led to the implementation of various restrictions on movement and business, transitory closure of organizations, and required physical distancing for extended period of time.

The COVID-19 pandemic has fundamentally reduced worldwide monetary action and has caused critical instability across various sectors. The COVID-19 pandemic and the measures taken by nations in response have adversely affected the mobile phone accessories business across the world.

Who is winning?

Some of the key players operating in the mobile phone accessories market are Samsung Electronics Co. Ltd., Logitech International S.A., Harman International Industries Incorporated, Plantronics Inc., Apple Inc., Sony Corporation, GN Group, Incipio Group, Western Digital Corporation, Kingston Technology Company Inc., Cambridge Soundworks Inc., Bscstore Inc., The Case Factory, TYLT, Ballistic, Moftware Inc., Seidio Inc., Skullcandy Inc., SincoCase International Industrial, Case Mate Inc., and among others. In order to gain competitive advantage, the market players are focusing on product launches. For instance:

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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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Smart Water Bottle Market is Estimated to Reach at US$ 35 Bn in 2031

The smart water bottles will expand at a CAGR of roughly 11%.

Smart Water Bottle Market Estimated Value 2021 US$ 28 Bn
Smart Water Bottle Market Projected Value 2031 US$ 35 Bn

An increase in per capita IT spending and a rise in health concerns have both had a substantial impact on people’s attitudes about smart water bottles.

As more individuals become aware of the need of being hydrated, the market for intelligent water bottles will grow. Based on consumer preferences, a number of the top smart bottle producers are creating different models of high-tech water bottles.

The majority of smart water bottles come with the software necessary to link to a smartphone app. A person’s basic water consumption may frequently be monitored using a smartphone app. Being able to monitor daily progress and calculate how much more has to be taken in order to fulfil their daily water intake target is one method to stay encouraged to keep drinking.

It provides a more accurate picture of daily water usage. For younger generations that engage in physical activities like running, going to the gym, and participating in sports, this capability may be very important.

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For instance, the Apple-compatible Thermos linked hydration bottle with smart top comes with a smartphone app that includes an activity tracker and hydration goal settings. You may track many things with this device in addition to tracking general fitness because it is compatible with Fitbit accounts. The Smart Lid can monitor and track beverage intake in addition to giving instantaneous temperature measurements of the bottle’s contents. Additionally incorporated is Bluetooth connectivity with a 75-foot range.

Key Takeaways From The Smart Water Bottle Market Study

  • Based on type, smart water bottles manufactured using polymers will be in high demand
  • In terms of price range, sales in the US$40-US$60 segment is expected to grow at a rapid pace.
  • In terms of sales channel, consumers will continue preferring indirect channels such as hypermarkets/ supermarkets, multi-brand stores, and others.
  • The U.S. will continue pushing sales of smart water bottles in North America.
  • China will emerge as a hub of smart bottle production within East Asia.

Impact Of COVID-19 On The Market

The current pandemic has posed significant obstacles to both the supply and demand sides. Regional governments’ temporary restrictions on movement have had a significant influence on supply chains. Apart from this, growth in the market has been hampered by the change in spending habit among consumers from discretionary to essential products.

This also has prompted a transition from store-based to online commerce. However, the market is currently recovering, which is an indicator that points to new prospects despite the slowing economy.

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Who is Winning?

Leading manufacturers of smart water bottle are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales of smart water bottle globally.

Some of the companies operating in the smart water bottle market are Caktus, Inc., Ecomo, Groking Lab, Ltd., Hidrate, Inc., Open-2, Moikit, Thermos LLC., Trago, Inc., Hydra Coach, Inc., Lifefuels, Inc., among others.

Smart Water Bottle Market By Category By Type: 

  • Metal
  • Polymer
  • Others

By Price Range:

  • Below US$ 20
  • US$ 20- US$ 40
  • US$ 40- US$ 60
  • Above US$ 60

By Sales Channel:

  • Direct
  • Indirect
    • Supermarkets/ Hypermarkets
    • Multi-Brand Stores
    • Specialty Stores
    • Independent Small Stores
    • Online Retailers
    • Other Sales Channel

By Region:

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

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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

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MENA POU Water Purifiers Market is Estimated to have a CAGR of 7.5% through 2032

The POU Water Purifiers is estimated to have a CAGR of 7.5% through 2032 and POU water purifier market size is anticipated to be US$ 50.63 billion by 2032

Point of use (POU), point of entry (POE), and portable water purifiers are all parts of a residential water filtration system. Additionally, compared to POE and portable water purifiers, POU water purifiers are in great demand among customers in the MENA area.

Products with high purification capacities, such as those that combine reverse osmosis (RO) and ultraviolet (UV) technology, are more popular in the POU water purifiers market. Additionally, it has been noted that, compared to the overall MENA area, the GCC’s metropolitan centres account for the majority of the demand.

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Market Segments

  • The POU water purifiers market is segmented on the basis of technology which includes RO, UV and media-based.
  • RO technology based water purifiers segment is estimated to account for slightly over 40% of the total POU water purifiers market in MENA region in 2014.
  • Media-based water purification, which is a conventional water purification technology has also witnessed technological advancements, and is estimated to display a CAGR of 9.3% during the forecast period, in terms of volume.
  • The third technology, UV based water purifiers, is estimated to exhibit a sluggish growth rate during the forecast period due to its limitation in removing only organic contaminants from water. Additionally, UV-based water purifiers are also priced higher in comparison to media-based water purifiers and hence the product preference for UV based water purifiers is comparatively low.

Product Synopsis

This Future Market Insights report examines the ‘POU Water Purifier Market’ in Middle East and North Africa region for the period 2014–2020. The primary objective of the report is to offer key insights about water purifier market in MENA to current market participants or new entrant’s participants across the value chain.

Report includes study of the three key technologies of water purification i.e. Reverse Osmosis (RO),

Ultra Violet (UV) and Media filtration (Gravity). Report offers in depth analysis of market size, forecast and the key trends followed in all three segments.

The report starts with an overview of parent market i.e. water treatment industry in MENA and the part POU water purifier industry plays in it. Report also offer useful insights about global POU water purifier market and the role MENA market is posed to play.

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The next section highlights POU water purifier market by region. It provides market outlook for 2014- 2020 and sets forecast within context of water purifier market, including the three technologies to build out a complete picture at regional level.

This study discusses the key regional trends contributing to the growth of the water purifier market in MENA as well as analyses the degree at which key drivers are influencing water purifiers market in each region of MENA. For this report, regions assessed are Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, Algeria and rest of MENA.

To calculate the revenue generated from POU water purifiers, the report considered total volume sales of water purifier along with the average selling price, and also the revenue generated from water purifier segment of major players in the market. When forecasting market, the starting point is sizing the current market, which forms the basis for how market will develop in future. Given the

Table of Content

  1. Executive Summary
  2. Research Methodology & Scope
  3. Assumptions & Acronyms Used
  4. Market Overview

4.1. Introduction

4.2. Market Segmentation

4.3. Parent Market Indicators

4.3.1. MENA Water Market

4.3.2. MENA Water & Wastewater Treatment Equipment Market

  1. MENA POU Water Purifier Market Overview

5.1. Market Size & Forecast – Value

5.2. Y-o-Y Growth

5.3. Market Proportion

5.4. Regional Comparison

5.5. Market Dynamics

5.5.1. Demand Drivers & Relative Impact

5.5.2. Supply Drivers & Relative Impact

5.5.3. Major Restraints & Relative Impact

5.5.4. Trends & Recent Market Developments

TOC Continued….

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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 Us:                    

Future Market Insights,
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