Market Research Blog

The meal kit delivery service market is simmering with potential, poised to reach a staggering US$ 65,630.6 million by 2033. Fueled by a 14.6% annual growth rate, this presents a golden opportunity for industry leaders to elevate their offerings and capture a larger share of the market.

Why Meal Kit Delivery is Served Hot:

• Convenience Meets Home Cooking: Busy consumers crave home-cooked meals but lack the time for grocery shopping and elaborate preparation. Meal kits offer a time-saving solution while allowing consumers to enjoy the satisfaction of preparing a delicious meal.
• Beyond Convenience: The Rise of Ready-to-Eat Options: Consumers seeking even greater convenience can choose partially prepared meals requiring minimal assembly or heating. This caters to a wider audience with diverse time constraints.
• Diversity is the Spice of Life: Meal kits are no longer limited to traditional cuisines. The market offers a vibrant selection of premium ingredients, exotic dishes, and gourmet experiences, catering to adventurous palates.
• Ecommerce: The Delivery Powerhouse: The online boom has revolutionized meal kit delivery. Easy ordering and seamless delivery through e-commerce platforms ensure a frictionless user experience.
• Catering to Dietary Needs: The rise of vegetarian and vegan diets creates a significant growth opportunity. Meal kits featuring plant-based options offer convenience and deliciousness for health-conscious consumers.

Become a Leader in the Meal Kit Revolution:

• Go Beyond Basics: Offer a diverse range of meal kits with options for every palate and dietary preference.
• Embrace Technology: Invest in user-friendly online platforms and seamless delivery processes for optimal customer convenience.
• Partner with Local Farms: Source fresh, high-quality ingredients from local producers, building a reputation for sustainability and supporting your community.
• Personalize the Experience: Offer customizable meal options catering to specific dietary needs and preferences.
• Leverage Social Media: Showcase the appetizing appeal and convenience of your meal kits on social media platforms, engaging with your target audience.

Consumers can access various cuisines and food preparations through meal kit delivery services. The type of food delivered by meal kits ranges from everyday eating to premium food. Gourmet meal kits are also seeing an increase in demand.

Key Takeaways from the Meal Kit Delivery Service Market

• The meal kit delivery service market’s size is estimated to be US$ 16,798.1 million in 2023.
• Heat & eat meal kits are the most popular offering in the meal kit delivery service industry. In 2023, the heat & eat meal kits account for 61.3% of the market share by offering type.
• Vegetarian meal kits are experiencing a surge in popularity. In 2023, vegetarian meal kits account for 36.4% of the market share by meal type.
• The pace of progress in Japan is expected to be rapid for the market. The Japanese market is predicted to grow at a CAGR of 9.7% from 2023 to 2033.
• Rapid growth is also anticipated in France. For the forecast period from 2023 to 2033, the market is projected to grow at a CAGR of 9.2% in France.
• The CAGR for Germany and the United Kingdom is predicted to be 8.4% and 7.8% through 2033, respectively.

Competition Analysis of the Meal Kit Delivery Service Market

Investments in technology to make the delivery process more convenient is a strategy adopted by players in the market. Well-established brands compete with small-scale and medium-scale players in the market. Some prominent companies in the market include

• Blue Apron LLC
• Hello Fresh Group
• Sun Basket
• Relish Labs LLC
• Gobble
• Marle Spoon Inc.
• Purple Carrot
• Hungryroot
• Others (on request)

Recent Developments in the Meal Kit Delivery Service Market

• In October 2023, UK company Wonder Group acquired well-known industry player Blue Apron and entered the meal kit delivery service market.
• In December 2022, Gobble was acquired by Intelligent Foods. Gobble is reputed to provide meal kits that are ready to eat in a short amount of time.
• In November 2020, Factor75 was acquired by market giants HelloFresh. Factor75 has earned a name for supplying plant-based meal kits.

Complete Market Review: A Full Report Analysis

Key Segments

By Offering Type:

• Heat & Eat
• Cook & Eat

By Meal Type:

• Vegetarian
• Vegan
• Non-vegetarian

By Region:

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

About the Consumer Products Division at Future Market Insights (FMI)

Expert analysis, actionable insights, and strategic recommendations – the consumer products team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs.

With a repertoire of over 1,000 reports and one million+ data points, the team has analyzed the consumer products industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The hair extension market is witnessing a golden age, with a projected value of USD 5,000.2 million by 2033. This translates to a healthy CAGR of 6.3%, creating a lucrative opportunity for industry leaders to unlock significant growth.

Why the Hair Extension Market is Having a Moment:

• Appearance is Key: Consumers are increasingly image-conscious, seeking ways to enhance their appearance. Hair extensions offer a versatile solution for achieving desired hairstyles and boosting confidence.
• The Rise of Self-Care: With a growing focus on personal well-being, hair care is experiencing a boom. Hair extensions cater to this trend, offering solutions for those seeking longer, thicker, or more voluminous hair.
• Addressing Hair Loss: Hair extensions are an effective tool for people experiencing hair loss due to alopecia, receding hairlines, or other hair-related challenges. They offer a discreet and practical solution for maintaining a desired appearance.
• Accessibility for All: Concerns about high costs are declining as affordable hair extensions become more readily available. This opens doors to a wider customer base.
• Diversity in Demand: Consumers are no longer just seeking extensions for length. They seek options offering diverse textures, including wavy, curly, and colored hair extensions, allowing for more personalized style choices.

Embrace the Hair Extension Boom:

• Cater to Diverse Needs: Offer a wide range of hair extension types, lengths, and textures to cater to a broader customer base.
• Prioritize Affordability: Develop cost-effective hair extension solutions without compromising on quality.
• Embrace Innovation: Invest in research and development to create new and improved hair extension technologies for a more realistic and comfortable user experience.
• Harness the Power of Social Media: Target your marketing efforts on platforms like Instagram and TikTok, showcasing the transformative power of hair extensions.

Hair extensions are also becoming famous as a style trend. The growing range of hair extensions is very important for increasing the use of products. Different types of hair extensions like wavy, curly, and smooth ones help make the product more varied. These include silky hair too. Different colored hair extensions are also good for the market.

People in the market want real products. So, Remy hair extensions are becoming very popular. To help make things real, makers are getting hair from Vietnam and India. In North America, it’s clear that many people buy hair from places in Asia. Hair extensions are starting to look more and more real.

Key Takeaways from the Hair Extension Market:

• The hair extension market valuation is US$ 2,721.8 million in 2023.
• Consumers prefer the air of authenticity lent by natural hair. The natural hair segment holds 5% of the market share by material type.
• Clip-in hair extensions are popular due to the ease provided. Clip-in hair extensions contribute 8% share of the market by product type.
• The United States is the leading country in the hair extension market. The United States accounts for 7% of the market share.
• Canada is another North American country with fertile ground for the market. In 2023, Canada holds a share of 5% of the market.
• The United Kingdom is fertile ground for the hair extension market. In 2023, the country accounts for 8% of the market share.

Competition Analysis of the Hair Extension Market

Collaborations and partnerships with beauty experts and influencers are common strategies adopted by suppliers of hair extensions. There is scope for both big brands and small-scale players in the market

Key Companies in the Hair Extension Market:

• BELLAMI Hair
• Godrej
• Great Lengths
• Klix Hair Extension
• Evergreen Products Group Limited
• Balmain Paris Hair Couture
• Beauty industry group
• Qingdao Organic Hair Ltd.
• Hair Dreams
• Hidden Crown
• Hair Addictionz
• Femme Hair Extension
• Hairlocs
• Easihair
• Socap
• Cinderella Hair

Recent Developments in the Hair Extension Market

• In September 2023, a line of hair extensions was launched by Sasha Colby. She is the star of the popular series RuPaul’s Drag Race.
• In July 2023, Girlie Locks, the American brand, was launched. The brand focuses on hair extensions with a wide array of coloring.
• In May 2022, Beauty Industry Group (BIG) acquired the haircare brand Bellami Hair and entered the hair extension market.

Complete Market Review: A Full Report Analysis

Key Segments in the Hair Extension Market

By Material Type:

• Clip-in
• Micro Link
• Tape-in
• Glue-in
• Others

By Product Type:

• Artificial
• Natural

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The gaming laptop market is forecasted to attain a value of USD 19,190.4 million by 2033, with an anticipated Compound Annual Growth Rate (CAGR) of 4.4% up to 2033. In 2023, the demand for gaming laptops is projected to be USD 12,476.1 million.

Gaming laptop ownership is shooting up as consumers across small towns and metropolitan cities of emerging economies seek high-quality gaming experiences. Since these countries are witnessing a progressive interest in gaming, leading stakeholders focus on the budding market for gaming laptops.

The number of professional eSports gamers is continuously rising in developing countries, thus contributing to investors’ confidence in these markets. Companies are also introducing budget-friendly gaming laptops equipped with interesting features to capture mid-ranged consumers in regions like the Middle East and Africa and Asia Pacific.

Governments across the globe are working toward boosting video games’ stature and promoting it as an art. Recently, the Australian government rolled out incentives to support game development, sending out the green light to investors, manufacturers, and developers. As the cultural value of video games is increasing, gaming electronics like gaming laptops are also witnessing an upward trend in sales.

Providers of gaming laptops are taking their market reach to the next level by entering eCommerce platforms. Consumers can choose from a wide variety of gaming laptops without going to the store to compare price points, features, and performance of different laptops. This is boosting online sales of gaming laptops.

Key Takeaways from the Gaming Laptop Market Report

• The United States gaming laptop market has a leading position with a share of 4% in 2023.
• In Europe, the United Kingdom and Germany are the prominent markets for gaming laptops. According to the latest research, the United Kingdom records a 4% value share, whereas Germany holds a market share of 6.7% in 2023.
• China and Japan hold market shares of 2% and 8.3%, respectively, in 2023.
• The professional gamer end-user segment accounts for4% of the market in 2023.
• Investment in graphic cards is prominently high, as visuals form an important aspect of gaming laptops. As per the study, the share of the graphic card sub-segment accounts for 6% in 2023.

Competition Analysis

The gaming laptop market is highly competitive. Gaming laptop suppliers are offering upgraded software and technologies to enhance their market position. Leading players are targeting price-sensitive consumers and introducing budget-friendly laptops in developing economies.

Manufacturers are also focusing on innovation for better performance, high-refresh-rate displays, enhanced cooling solutions, etc., to attract and cater to all types of gamers. Key players are adopting strategies such as collaboration with experts and other companies to tap into new markets and increase their revenue share.

Recent Developments Shaping the Gaming Laptop Market

• In June 2023, HP introduced three new gaming laptops: budget-friendly Omen 16, Victus 16, and Omen Transcend 16. These updated models are designed keeping in mind the requirements of gamers, whether it involves handling multitasking tasks or smoothly running AAA games. These laptops also provide the customization option with Nvidia RTX 4000-series GPUs.
• In August 2023, Lenovo released its LOQ gaming laptop series in India. These gaming laptops are configured with Nvidia RTX4080 and Intel 13th-generation Core i7. It features a 15.6-inch full HD IPS display with 350 nits of brightness and 144Hz refresh rate.
• In September 2023, Acer launched Acer Nitro V, a budget-friendly gaming laptop replete with attractive features and affordable price tags for consumers in India. This model targets people who enjoy playing games on PCs and seek a gaming experience without investing too much money.

Complete Market Review: A Full Report Analysis

Key Segments

By Component:

• Processors
• Peripherals
• RAM Size
• Graphic Cards
• Storage
• Display Size

By End User:

• Professional Gamers
• Hardcore Gamers
• Casual Gamers
• Others

By Region:

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

About the Consumer Products Division at Future Market Insights (FMI)

FMI’s consumer products team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The fragrance diffuser market is projected to experience robust growth over the forecast period, with a compound annual growth rate (CAGR) of 7%. Market value is anticipated to increase from USD 29,241.90 million in 2024 to USD 57,338.40 million by 2034.

The sales of fragrance diffusers are being propelled by two key factors: the surging demand for luxury home fragrances and the increasing popularity of alternative therapy. Consumers are increasingly turning to luxury home fragrances to enhance the ambiance of their living spaces, contributing to the rising sales of fragrance diffusers.

The fragrance diffuser contains a number of important elements that are useful to health in addition to dispersing natural oils into the air. Lavender, citrus, ginger, and peppermint essential oils, among others, are used in perfumes and aromas to boost mood, promote relaxation, and enhance health. Numerous scientific studies claim that essential oils have the ability to influence mood and health by interacting with the neurological system and the brain. Thus, aromatherapy is among the simplest ways to reap the advantages of essential oils.

Which are Some Prominent Drivers Spearheading Fragrance Diffuser Market Growth?

Due to the upsurged emphasis on health, the demand for natural fragrances among consumers is increasing incessantly, thereby expanding the fragrance industry.  The growing demand for luxury home fragrances, the rise in the need for alternatives to allopathic drugs worldwide are among the prominent factors influencing the growth of the fragrance diffuser market shortly.

Additionally, growing consumption of fragrances to reduce stress and stimulate the mind along with increasing adoption of fragrance diffusers with silent ultrasonic technology are some other factors fueling the growth of the fragrance diffuser market during the forecast period.

Moreover, a rapid rise in popularity of aromatherapy for medical purpose, growing consumption of essential oil such as lavender oil helps in curing migraine problems, and rosemary oil help in improving concentration levels attributed to the growth of the global fragrance diffuser market. Also, the growing product premiumization trend and demand for unique designed fragrance diffuser is expected to increase the fragrance diffuser market during the forecast period.

What are the Challenges Faced by the Fragrance Diffuser Industry?

The rising cases of lung issues or other health complications such as Asthma, Chronic Obstructive Pulmonary Disease, Pneumonia, and others have resulted in an allergic reaction and an undesirable impact on their health. This is proving to be one of the key restraining factors for the fragrance diffuser market.                                                                                              

Why is Asia-Pacific Emerging as an Opportunistic Fragrance Diffuser Market?

Based on regional growth, the Asia Pacific region captures a leading share in the global fragrance diffuser market. Owing to escalating usage of fragrances during festivals like Diwali in India and other parts of the region, the demand for fragrance diffusers in residential and commercial spaces is likely to increase in the forthcoming future. Additionally, the presence of domestic brands such as Nyassa, Lalique, Soohyang, and others are generating more traction among consumers in the region.

How is Europe Contributing to the Growth of the Fragrance Diffuser Market?

Europe is expected to witness rapid growth supported by the collective spending on home care and maintenance products, including fragrances for homes. Moreover, the custom of lighting candles as part of the tradition in several countries is likely to soar the demand for these fragrances. In terms of regional contribution to the sales revenue, Denmark & Germany collectively hold a share of 43% in the fragrance diffuser market.

Why does North America Hold a Significant Share in the Fragrance Diffuser Market?

As per the latest report published by International SPA Association (ISPA), the industry is likely to experience stable growth with upsurges in overall revenue, locations, number of spa visits, and revenue per visit in the United States. The growth in the number of spa stores being launched across several countries including the United States, coupled with an escalation in the number of spa visits, is one of the crucial driving aspects for sales of aromatherapy diffusers in spa centers in the country.

Market Competition

Some of the key participants present in the global demand of Fragrance Diffuser market include

• Ripple Fragrances Company
• Ellia USA Company
• Reckitt Benckiser Group PLC
• ArOmis Company
• SpaRoom Company
• doTERRA International
• NEST Fragrances Corporation
• GreenAir Inc.
• Artnaturals Company
• Organic Aromas
• Young Living Essential Oils
• Others

In Feb 2022, Reckitt Benckiser Group plc (“Reckitt”), maker of Lysol and Dettol, and Diversey Holdings, Ltd., a leader in the development and delivery of hygiene, infection prevention, and cleaning solutions announced a distribution collaboration that will expand businesses’ access to trusted hygiene solutions that help protect staff, clients, and customers from the spread of illness-causing germs.

Complete Market Review: A Full Report Analysis

Fragrance Diffuser Market Research by Categories

By Product Type:

• Nebulizer
• Ultrasonic
• Evaporative
• Electric Heat
• Others

By Price Range:

• High Priced
• Medium Priced
• Low Priced

By Material:

• Glass
• Plastic
• Wood
• Ceramic
• Other Materials

By End User:

• Residential
• Commercial

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The wall covering product market value is expected to rise from USD 35,758.4 million in 2024 to USD 54,478.1 million by 2034. This market is analyzed to surge ahead at a CAGR of 4.3% over the next decade.

The increasing global population is creating a demand for more housing. This is raising the activity for residential construction which translates to a greater demand for wall coverings in renovations and new buildings.

Growing desire for personalized interiors is fuelling demand for wall coverings with distinct textures, designs, and even customizable options serving this trend. Additionally, constant innovation in wall coverings, like the introduction of fire retardancy, easy installation, water resistance, and even air-purifying properties, are making wall coverings an attractive option for homeowners.

Manufacturers are developing eco-friendly wall coverings from natural fibers, recycled materials, and with minimal environmental impact during production. Thus, appealing to the environmentally conscious consumers.

Key Takeaways from the Wall Covering Product Market Report

The wall covering product market expanded at a CAGR of 4% from 2019 to 2023.

Based on type, the wallpapers segment is expected to attain a value share of 39.2% in 2024.

By application, the residential sector is predicted to account for a valuation of 45.8% in 2024.

Demand for wall covering products in India and China is predicted to remain moderate over the forecast period. India is expected to register a CAGR of 6.2% over the forecast period. China is projected to expand at a CAGR of 5.7% over the estimated period.

The United States is predicted to experience a CAGR of 2.5% over the forecast period.

Germany is anticipated to register a CAGR of 2.9% through 2034.

Competitive Landscape

Key players are developing wallpapers with innovative patterns, textures, and capability for custom printing to meet the consumer demand for unique and customized spaces. Further, manufacturers are developing wall coverings from natural fibers, and recycled materials, and even integrating improved air quality features.

Players are innovating wall coverings with functional enhancements like soundproofing, moisture resistance, and even fire retardancy to serve specific needs. The increasing ecommerce surge has made online sales a key focus. Industry players are also developing user-friendly online stores and providing features like virtual design tools to assist customers in visualizing the final look.

Key Players Are:

ADFORS, Architonic, A.S. Création Group, Brewster Home Fashion, Asian Paints Limited (APL), Marazzi Group, Walker Greenbank PLC, Benjamin Moore & Co., Ahlstrom-Munksjö Oyj, Nippon Paint Holdings Co. Ltd, J. Josephson Inc., and Grandeco Wallfashion Group

Leading Wall Covering Product Companies

• ADFORS
• Architonic
• A.S. Création Group
• Brewster Home Fashion
• Asian Paints Limited (APL)
• Marazzi Group
• Walker Greenbank PLC
• Benjamin Moore & Co.
• Ahlstrom-Munksjö Oyj
• Nippon Paint Holdings Co. Ltd
• J. Josephson Inc.
• Grandeco Wallfashion Group
• Others

Complete Market Review: A Full Report Analysis

Key Segments of Market Report

By Product Type:

Based on product type, the sector is divided into tiles, fabric coverings, wallpapers, paints, and wood coverings.

By Application:

By application, the market is bifurcated into residential and commercial.

By Distribution Channel:

Wall covering products are accessible to customers through various distribution channels, including indirect, direct, hypermarket/ supermarket, specialty stores, independent stores, online stores, among others.

By Region:

The wall cladding is sold across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global market for men’s grooming product is expected to experience rapid growth, with an accelerated Compound Annual Growth Rate (CAGR) of 8.2% projected from 2023 to 2033. By the year 2033, sales of men’s grooming products are forecasted to reach a value of USD 12,796.30 million. In 2023, the market is estimated to be valued at USd 5,805.20 million.

The rise of the metrosexual male and the expanding influence of celebrities and influencers have increased perceptions about conventional masculinity to change, leading to a surge in men’s spending on grooming products. The proliferation of men’s salons is driving the demand for men’s grooming products.

Factors Hindering Growth of Men’s Grooming Product Market

• Lack of awareness about the range of grooming products available and their benefits poses a challenge to the growth of the men’s grooming product market.
• Stereotypes and traditional gender norms may discourage men from openly endorsing grooming products.
• Some men may still perceive grooming as awkward or associate it with femininity, which could hinder the expansion of the men’s grooming product market.

Challenges Faced by the Men’s Grooming Product Sector:

• Customer tastes are constantly changing. Products for grooming that were popular a few years ago might not be so trendy today. Adjusting product lines and keeping up with the changes can be challenging.
• Economic downturns may cause consumers to spend less on grooming products and other non-essentials. Men might make fewer purchases of this kind during uncertain economic times, inhibiting the men’s grooming product market growth.
• The men’s grooming product market has grown in popularity, which has increased competition. In the market share competition, well-known brands and recent arrivals may engage in price wars, leading to a shrink in their profit margins.

Regional Outlook:

In North America, Europe, and Asia Pacific, the men’s grooming products market is growing at a promising rate. Men’s grooming product sales in North America benefit from changing grooming patterns and a growing focus on self-care.

Europe is steadily expanding due to increased awareness of personal hygiene practices. Growing disposable money and shifting ideas of being a male has created strong men’s grooming product demand in the Asia Pacific. Each region exhibits distinct consumer behaviors and tastes, which support the global market expansion for men’s grooming products.

Key Takeaways from the Men’s Grooming Product Market Report:

• The shave care segment in the product type category to grab a share of 41.6% from 2023 to 2033.
• In the price range category, the mid-segment to acquire a market share of 51.5% between 2023 and 2033.
• The Canada market is anticipated to accelerate at a CAGR of 8.8% from 2023 to 2033.
• The United States men’s grooming product sales are anticipated to surge at a CAGR of 6.2% by 2023.
• The men’s grooming product demand in the United Kingdom is to witness growth at a CAGR of 3.9% from 2023 to 2033.
• The France men’s grooming product industry is expected to develop a CAGR of 4.6% between 2023 and 2033.
• The Italy market is expected to continue to spur at a CAGR of 5.6% through 2023.
• The Spain men’s grooming product market expects growth from 2023 to 2033 at a CAGR of 7.7%.
• Germany market forecasts a CAGR of 3.6% through 2023.
• India men’s grooming product industry is anticipated to rise at a CAGR of 8.8% by 2023.
• China men’s grooming product sales are expected to climb at a CAGR of 9.4% until 2033.
• Japan market may exhibit a CAGR of 12.3% by 2023.
• Singapore men’s grooming product sales to record a CAGR of 11.6% between 2023 and 2033.
• Australia men’s grooming product industry to register a CAGR of 6.6% through 2023.

Competitive Landscape:

With many regional competitors, SME firms, and significant multinational players, the men’s grooming product sector is quite competitive. Due to the growing consumer demand for natural and organic products, regional and international businesses are concentrating on using organic ingredients. The primary tactics used by the leading market participants for men’s grooming products are new product innovations and expansions.

Leading Key Players:

• Procter and Gamble Co
• ITC Limited
• Johnson and Johnson Private Limited
• Unilever PLC
• Coty, Inc.
• L’Oréal S.A
• Edgewell Personal Care Co
• Beiersdorf AG
• Colgate-Palmolive Company
• Kao Corporation
• Estee Lauder Companies, Inc.
• Reckitt Benckiser
• Others

Innovations on the Horizon:

• To expand its ethical product offerings in the very competitive male grooming product industry, L’Oréal purchased the superfood skincare expert Youth to the People in the United States in January 2022.
• Edgewell Personal Care Company introduced new Schick Xtreme Men’s Bamboo Hybrid Razors in April 2022. The product has flexible blades composed of 75% recycled steel and packaging that is 100% recyclable.

Complete Market Review: A Full Report Analysis

Key Segmentation:

By Product Type:

• Shave Care
• Skin care
• Hair Care
• Toiletries
• Fragrances
• Others

By Price Range:

• Premium
• Mid
• Low

By Distribution Channel:

• Hypermarkets/Supermarkets
• Salon/Grooming Clubs
• Drug Stores
• E-commerce/Online
• Retail Stores

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

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
Website: https://www.futuremarketinsights.com
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The eyewear market is poised for significant growth, with a projected valuation of US$ 291 billion by 2033. This translates to a healthy 5.60% annual growth rate, presenting a compelling opportunity for industry leaders to capitalize on this expanding market.

Why the Eyewear Market is Sharper Than Ever:

• The Digital Eye Strain Epidemic: The rise of mobile phones, computers, and tablets has led to a surge in Computer Vision Syndrome (CVS). Consumers are increasingly seeking eyewear solutions to combat eye strain, dryness, and other vision-related issues.
• Awareness is Key: Consumers are becoming more aware of the importance of eye health. This heightened awareness fuels demand for protective eyewear designed to shield eyes from harmful blue light emitted by digital devices.
• Innovation Takes Center Stage: The market is witnessing a surge in blue-light blocking glasses, available in both prescription and non-prescription forms. This caters to a wider audience and provides a convenient solution for combating digital eye strain.

Sharpen Your Competitive Edge:

• Focus on Blue Light Solutions: Develop a range of stylish and effective blue-light blocking glasses to address the growing consumer need for eye protection.
• Embrace Preventative Care: Promote the benefits of eyewear for digital eye strain and position your brand as a leader in preventative eye care.
• Cater to Diverse Needs: Offer a variety of prescription and non-prescription blue-light blocking glasses to cater to a broader customer base.
• Invest in Digital Marketing: Reach your target audience through targeted online campaigns, educating them about the importance of eye health and your innovative solutions.

Outside of doctor’s offices, glasses are now a big part of what people wear everyday in terms of clothing and style. Big companies are working with famous people from social media, stars and sports players to help advertise their glasses well. People who play sports and care about staying fit help make money for the eyewear business when doing adventure things.

Key Takeaways from the Eyewear Market Report:

• The eyewear market is expected to grow by 5.6% for the forecast period of 2023 to 2033.
• Metal-framed glasses and spectacles dominate the global eyewear market, with an overall revenue share of 45%.
• Regarding product type, sunglasses capture a 10% of the global eyewear market revenue.
• India is the leading market for eyewear, with a remarkable growth rate of 8% CAGR from 2023 to 2033.
• India is followed by China (6.60%), Germany (6.20%), and Singapore (6.20%) in terms of eyewear market growth.

Competitive Landscape of the Eyewear Market:

A mix of well-established and niche-focused companies characterizes the eyewear market’s competitive landscape. Ray-Ban, Oakley, Gucci, etc., have historically had an essential market share for years.

These companies have a prolonged consumer base and are constantly making innovations to keep up with recent trends in the fashion industry. Small brands need help to maintain their position in the market. In the past few years, there has been an influx of celebrity-owned brands in the international and local marketplaces.

Key Companies in the Eyewear Market

• Luxottica Group S.p.A.
• Essilor International SAS
• Johnson & Johnson Vision Care, Inc.
• Safilo Group S.p.A.
• Alcon Vision LLC
• Carl Zeiss AG
• Cooper Companies
• GrandVision
• Prada S.p.A
• Valeant Pharmaceuticals International, Inc.
• Silhouette International Schmied AG
• LVMH Group
• Marcolin SpA
• De Rigo Vision SpA
• Hoya Corporation
• Fielmann AG

Recent Developments:

• Ray-Ban has launched a new generation of Ray-Ban Meta smart glasses in partnership with EssilorLuxottica, which can shoot and record HD videos in just one touch. Users can also go live on their social media platforms using the camera of these sunglasses.
• Marchon, one of the most prominent eyewear designers and producers in the world, is finding inventive ways to use recycled and bio-based materials in the 22 million frames it produces annually for brands like Lacoste, Nike, and Calvin Klein. The company has announced that it would soon manufacture frames from castor beans.
• Ampere, the world’s leading eyewear, recently announced a series of glasses with the world’s first light and touch-responsive, prescription-ready glasses with instant electronic tint control.

Complete Market Review: A Full Report Analysis

Market Segmentation

By Product Type:

• Sunglasses
• Spectacle
  • Spectacle Frame
  • Spectacle Lens
• Contact Lens
  • Soft Contact Lens
  • Rigid Gas Permeable Lens
• Plano Sunglasses
• Polarized
• Non Polarized

By End Use:

• Male
• Female
• Unisex
• Kids

By Sales Channel:

• Online
• Hypermarkets/Supermarkets
• Specialty Stores (Optical Stores)
• Franchise Outlets
• Multi-Brand Stores
• Hospitals/Clinics

By Material Type:

• Metal
• Plastic
• Silicone

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global floor lamp market is predicted to reach a size of approximately US$ 34,516.70 million by the year 2023. From 2023 to 2033, there is anticipated to be a strong increase in demand for floor lamps, with a robust Compound Annual Growth Rate (CAGR) of 12.4%. By the end of 2033, the market is forecasted to soar to US$ 111,289.4 million.

Factors Driving Floor Lamp Market Growth

• Shifting consumer tastes and preferences in home interior lighting solutions play a crucial role in propelling the floor lamp market forward.
• As customers frequently seek changes in interior design trends, floor lamps enhance the visual appeal of their living spaces.
• The increasing adoption of energy-efficient LED lighting technology is a significant driver for the floor lamp market.
• LED floor lamps help in reducing energy consumption and maintenance costs, making them an attractive choice for consumers.
• Consumer preferences for styles, designs, and finishes greatly influence the floor lamp market.
• Both modern and minimalist designs, as well as traditional and classic designs, are highly favored by consumers, reflecting the diverse range of tastes in the market.

Global Floor Lamps Market: Reasons for Covering this Title

Global demand for home décor product is growing due to the improvement in the living standards of consumers. Floor lamp is trending these days as it gives a classy look in the living room as well as they are coming with new technology of LED lighting edition with different LED colors which suits and matches the room décor.

There has been a continuous adoption of latest bulbs and lighting’s in the commercial and Industrial Arena on account of technological advancements and improvements in lamps, bulbs, and other lighting products. One of the most desirable features in lighting products is durability or longer life span. Therefore, market players are investing extensively on research and development and trying to develop products with higher lifespan

Global Floor Lamps Market: Key Players

Some of the key players operating in the global Floor Lamps market are

• GUANYA
• YLighting
• Philips
• AOZZO
• Matsushita Electric (China) Co. Ltd
• OPPLE
• IKEA
• Zhongshan Huayi Lighting
• Guangdong PAK Corporation
• among others.

Floor Lamps Market: Key Trends

• Arc lamps are gaining an edge over other floor lamps. The prevalence of arc lamps in living rooms is due to the popularity of sectional sofas, and partly for the mid-century modern look
• The greater push towards the green in consumer’s lives has led to more energy conscious lighting choices such as LED floor lamps
• Antique finishes along with polished nickel and copper are gaining popularity. Metal, glass, and crystal are liked by consumers for the bases of Floor Lamps

Floor Lamps Market: Key Developments

• The growing use of energy efficient light bulbs is synonymous with going green and high tech LED bulbs are at the forefront of this quiet revolution in Floor lamps
• Floor lamps with LED lighting coming with wide range of LED color which is enhancing the usage as consumers are interested in buying these which matches the room decor

Opportunities for Floor Lamps Market Participants

Technology is making life more efficient, high-efficiency products are being produced for the same goal. Manufacturers are trying to maximize the energy savings and make products more energy efficient for Floor Lamps. With new technological advances, highly efficient products are obtaining these standards in a wide variety of wattages.

The result of these advanced floor lamps will benefit installers and consumers with their ease and affordability. Manufactures are working to achieve a warm light with this new advancement in LED lighting technology, by finding the right color temperature and Color Rendering Index balance for better lighting for Floor Lamps. Manufacturers are keeping in mind factors like height, price, shades and materials used for floor lamps.

The materials used in constructing traditional floor stand lamps vary widely and includes metal, wood and rattan. Most contemporary floor lamps are made from nickel, silver, bronze, steel and metal alloys as they are moving in market.

Brief Approach to Research for Floor Lamps Market

FMI will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, formats, and application of segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period.

The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall Floor Lamps Market sizes.

Complete Market Review: A Full Report Analysis

Key Segmentations

By Product:

• Modern Lamps
• Rustic Lamps

By Application:

• Household
• Commercial

By Distribution Channel:

• Online
• Offline

By Region:

• North America
• Western Europe
• Eastern Europe
• Middle East and Africa
• ASEAN
• South Asia
• Rest of Asia
• Australia and New Zealand

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube