Market Research Blog

The reinsurance market revenues were expected to be US$ 292.4 Billion in 2021 and are projected to increase at a CAGR of 4.5% from 2022 to 2032. The market is anticipated to reach a US$ 474 billion valuation by the end of 2032. Between 2022 and 2032, the market in Japan is expected to provide an absolute dollar opportunity of US$ 19.5 billion.

Reinsurance is essential for the Japanese insurance industry because of the complexity, diversification, and expansion of risks. In Japan, typhoons and earthquakes happen frequently. To cover these risks, Japanese insurers must use foreign reinsurers.

Non-life insurance companies in Japan also play a key role in the global reinsurance market. Japan has one of the world’s most extensive insurance markets. Besides, it is also the world’s fourth-largest property and casualty insurance market, with premiums totaling US $ 68.8 Billion, thus opening numerous opportunities for reinsurance companies. Besides, the country has also emerged successfully in the life insurance sector. In April 2022, Reinsurance Group of America, Inc. announced an agreement to coinsure JPY 160 Billion (US $ 1.2 Billion) in statutory reserves with Taiyo Life Insurance Company, a subsidiary of T&D Holdings, Inc. Taiyo Life will continue to service the insurance policies covered by the contract.

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Key Takeaways from the Reinsurance Market Report:

● Global Reinsurance Market is expected to reach a market size of US$ 306.4 Billion by 2022.

● The Non-Life/Property & Casualty Reinsurance Companies segment, is expected to account for the highest CAGR of 4.3% during the forecast period.

● The United States is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 62.9 Billion during 2022 – 2032.

● The market in Japan is set to experience the highest CAGR of 7.3% during the 2022-2032 forecast period.

The reinsurance market is a financial market where insurance companies transfer some of the risks associated with their policies to other companies in exchange for a fee. Reinsurance is used to reduce the overall risk of an insurance company and to ensure that it has the resources to pay out claims in the event of a catastrophic loss. Reinsurers provide various services, including risk assessment, underwriting, and claims management, and also help insurance companies manage their capital and liquidity. The market is divided into two segments: treaty reinsurance and facultative reinsurance. Treaty reinsurance is a long-term agreement between the reinsurer and the insurance company, whereas facultative reinsurance is a one-time agreement for a specific policy or group of policies.

Competitive Landscape:

The market is fiercely competitive, where key players are increasingly focused on obtaining a competitive advantage. The key companies in the Reinsurance Market are focused on R&D to produce innovative technological solutions.

• In October 2020, Toa Reinsurance Company, Ltd. announced that it had expanded the product offerings of Toa Re Europe, based in Zurich, Switzerland, to include Life reinsurance in addition to the Property and Casualty reinsurance business that it began underwriting at the end of 2018. Life reinsurance is an important part of their group strategy, enabling them to expand their offering in Zurich for EMEA clients.
• In April 2022, Covéa’s acquisition of PartnerRe was approved by the European Commission. For this, a US$ 9 Billion transaction had been discussed in 2021. In October, EXOR and Covéa agreed to sell the reinsurer in its entirety to the latter. Following those discussions, the EC announced that the merger had been approved under the EU Merger Regulation. Following labor council consultations, EXOR and Covea agreed for Covéa to purchase the Bermuda-based reinsurer.
• In May 2022, Brookfield Reinsurance completed its all-cash acquisition of American National for $5.1 billion. A critical step in carrying out Brookfield Reinsurance’s growth strategy is to provide policyholders with long-term value and security. This demonstrates Brookfield Reinsurance’s leadership in providing capital and investment solutions to US-based insurers.

Leading Key Players:

• Barents Re Reinsurance Inc.
• Berkshire Hathaway Inc.
• BMS Group Ltd.
• China Reinsurance (Group) Corporation
• Everest Re Group, Ltd.
• Swiss Re
• Munich Re
• Covea
• Brookfield Reinsurance
• Bluefire Insurance
• SCOR SE
• Hannover Re
• AXA SA
• Zurich Insurance Group

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Reinsurance Market Segmentation:

By Distribution Channel:

• Direct Writing
• Broker

By End-User:

• Life & Health Reinsurance
• Non-Life/Property & Casualty Reinsurance

By Region:

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

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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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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According to the latest data from Future Market Insights (FMI), the Slip Resistant Shoes Market is valued at approximately US$ 1.49 billion in 2023. It is expected to grow and reach around US$ 2.67 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 6% from 2023 to 2033.

Growing Number of restaurants demands the Slip Resistant Shoes Market

• Genuine contact between the rubber outsole of shoes and surfaces occurs within water encased in air bubbles, creating a negative pressure known as Laplace pressure.
• This negative pressure is believed to enhance friction, reducing the likelihood of slipping incidents.
• Materials containing sodium chloride or activated carbon in outsoles can potentially decrease the risk of slip-and-fall accidents.
• While insurance provides financial protection for your company, prioritizing the safety of staff and clients is paramount.
• Mandating skid-resistant footwear for employees can significantly reduce the risk of slip-and-fall injuries in the workplace.
• High-heeled footwear or non-rubber soles pose hazards and should be avoided for safety reasons.
• Opt for comfortable shoes with rubber soles to ensure safety for everyone.

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The effectiveness of supplying workers with free, top-rated slip-resistant shoes was investigate by NIOSH researchers in collaboration with industry partners. This were done in order to lower the number of workers’ compensation injury claims brought by food service employees who slipped on greasy or damp flooring.

Approximately 17,000 food service personnel from 226 school districts serve kindergarten through 12th grade students. Employees were divide into groups by school district and then randomly assigned to receive free 5-star-rated slip-resistant shoes or to buy their own slip-resistant shoes on a regular basis.

According to the study, highly regarded slip-resistant footwear can help keep food service employees safe. Free, highly rated skid-resistant shoes for employees reduced slide injury claims by 67%. Workers who purchased their own slip-resistant shoes did not experience a decrease in slip injuries.

Key Takeaways from the Sneaker Market Study

• The Slip Resistant Shoes are the popular type among all the different safety shoes type. The Synthetic material shoes are mostly preferred, as slip resistant are known for their excellent safety and comfort while different activities.
• Rubber and Synthetic soles are common for the Slip Resistant Shoes. PU sole are used in the shoes, which are specially design for athletic activities and for additional comfort.
• Men’s Slip Resistant Shoes are in higher demand than children and women’s Slip Resistant Shoes. Men are preferring Slip resistant, as they are involved in more physically active lifestyle and schedule, employed in industries and men’s are more engaged in restaurant staff.
• In the case of regional analysis of regions like the North America and Asia is expect to gain traction in the Slip Resistant Shoes Market.

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“Slip Resistant Shoes are becoming increasingly popular across the world. The increase in number of restaurants and industries demand the Slip Resistant Shoes will benefit the Slip Resistant Shoes Market.” Says an FMI Analyst.

Who is winning?

Leading players operating in the sneaker market are

• Crocs Inc.
• KEEN, INC.
• Shoes For Crews, LLC
• Birkenstock Digital GmbH
• Clement Design USA
• Fila
• Skechers USA, Inc.
• Docker Shoes
• Caleres, Inc.
• NANOTECH CERAMICS CO., LTD.
• and Bravo Shoes
• Others

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Slip Resistant Shoes Market by Category

By Sole Type

• Rubber
• Synthetic

By Material Type

• Leather, Synthetic

By Consumer Orientation

• Men
• Women
• Kids

By Sales Channel

• Multi-brand Stores
• Independent Small Stores
• Online Retailers
• Other Sales Channel

By Region:

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

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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:        

Nandini Singh Sawlani  

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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According to the latest data from Future Market Insights (FMI), the Water Shoes Market is valued at approximately US$ 160.8 million in 2022. It is expected to grow and reach around US$ 225.5 million by 2032, with a Compound Annual Growth Rate (CAGR) of 3.4% from 2022 to 2032.

Key Benefits of Water Shoes

• Safety, versatility, and comfort are key reasons to wear water shoes, as they provide protection and support in various water-related activities.
• Water shoes are especially beneficial in slippery environments, such as rocky shores or wet boardwalks, where the risk of slipping and falling is high.
• The sturdy soles of water shoes offer better traction than bare feet or regular shoes, helping to prevent accidents and injuries in wet conditions.
• Unlike ordinary running shoes or sneakers, water shoes are designed to dry quickly, minimizing discomfort and preventing waterlogging during water sports or activities.
• Standard running shoes or going barefoot near water may lead to discomfort and increased risk of injury due to prolonged exposure to water and lack of proper support.

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With the use of ECOLIBRIUM technology, footwear can use more environmentally friendly polymers. This strategy may also make it possible for footwear to be recycled rather than being burn or dump in landfills at the end of its useful life. We are pleased to work with Crocs, the first footwear company to introduce this innovative technology to consumers, while also investigating its possibilities with wearers, designers, and marketers.

Crocs water shoes made to be simple to put on and take off while shielding your feet from aquatic hazards like jagged rocks and shells. No shoe will be misplaced because our shoes are composed of a buoyant material. Crocs water shoes are not only practical but also stylish, making them ideal for the pool.

Key Takeaways from the Sneaker Market Study

• The Water Shoes are the popular type among all the different safety shoes type. The Plastic material shoes are mostly preferred, as Water Shoe are known for their excellent safety and comfort while different activities in water.
• Plastic and Fibre Material are common for the Water Shoes. Plastic material are use in the shoes, which are specially design for athletic activities and for additional comfort.
• Men’s water Shoes are in higher demand than children are and women’s water Shoes. Men prefer water shoe, as they are involved in more physically active lifestyle and schedule, employed in industries and men’s are more engaged in restaurant staff.
• In the case of regional analysis of regions like the North America and Asia is, expect to gain traction in the Water Shoes Market.

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“Water Shoes are becoming increasingly popular across the world new Technology bio-based shoes in water shoe market benefits the environment.” Says an FMI Analyst.

Who is winning?

Leading players operating in the water shoe market are

• Crocs Inc.
• Sketchers
• Speedo
• CIOR
• Keen
• Columbia
• Nike
• Showaflops Merrell
• Li Ning
• Teva
• Others

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In 2022, the global market for car air fresheners is estimated to be worth approximately US$ 2,233.7 million. By 2032, it is expected to reach around US$ 3,178.2 million. Over the evaluation period from 2022 to 2032, the market is anticipated to experience moderate growth, with a Compound Annual Growth Rate (CAGR) of approximately 3.6%

Top Trends Driving Demand for Car Air Fresheners across the Globe

• Sales of automobiles worldwide have experienced a notable increase in recent years, driving the demand for car air fresheners as consumers increasingly opt for traveling by four-wheelers.
• The entry of new brands into the automobile industry, coupled with consumers’ growing preference for traveling in cars, is contributing to the rising sales of car air fresheners.
• Car air fresheners play a crucial role in enhancing the interior aroma of a vehicle, further fueling their demand in the market.
• The improved transportation facilities provided by government agencies have led to a higher number of automobiles on the road, thereby boosting the overall demand for car air fresheners.
• Consumers’ desire to eliminate unpleasant odors within their vehicles and enjoy a fresh and pleasant driving experience is driving growth in the global car air freshener market.

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Another key factor influencing growth in the automotive air freshener market is the innovation and development of eco-friendly products. Numerous players operating in the market are displaying their products as sustainable in order to attract the young generation, which is highly inclined towards the sustainability and eco-friendly factor. A large number of brands are expanding their product lines by manufacturing new ones with the help of natural ingredients.

For instance, Aroma Car offers its product Cellulose scented hanging freshener, which is scented with a liquid fragrance. The company claims it to be inspired from nature, and offers it in the shape of a leaf which is appealing to an increasing number of consumers. Such branding and promotional strategies are helping these companies to grow their product portfolios and subsequently, increase their market presence.

Key Takeaways from the Car Air Freshener Market Study

• The Europe and North America region together are anticipated to hold a major share of around ~43% in the global car air freshener market.
• The India and China market are anticipated to witness a growth rate of around ~4% and ~8.2%, respectively, during the forecast period.
• Leading players in the global market for car air fresheners are estimated to account for approximately ~10-15% of the total market share.
• Based on product type, the hanging segment is estimated to exhibit a CAGR of around 5% during the forecast period.
• In terms of price range, the medium segment is likely to hold a significant share of around 50% in the car air freshener market.

“Manufacturers are investing huge sums in the expansion of their product lines and product innovation to cater to sustainability demand from consumers. Some of the key players are also focusing on new ways of presenting eco-friendly products in the international market.” – Says an FMI analyst.

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Competition Landscape: Car Air Freshener Market

Leading manufacturers of car air fresheners are focusing on innovation & development of new car air fresheners. Major players present in the car air freshener market are

• Procter & Gamble Co.
• Car-Freshener Corporation
• California Scents
• Church & Dwight Co. Inc.
• Godrej Household Products
• Reckitt Benckiser Group Plc.
• Amway
• Kobayashi
• Liby
• Houdy
• Farcent
• Jiali
• Other (on request)

For instance,

• In March 2022, Premium Guard Inc., a designer, and manufacturer of automotive products launched Pureflow Cabin Air Fresheners. It is set to change the car air freshener marketplace. The cabin air freshener technology is patented and is developed with slow-release scent technology, as well as recycled and natural ingredients

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Global Car Air Freshener Market Outlook by Category

By Product Type:

• Clip-on
• Plug-ins
• Spray/Aerosol
• Paper
• Hanging
• Other

By Product Form:

• Crystal
• Foam
• Gel
• Liquid
• Powder
• Other

By Price Range:

• Low
• Medium
• Premium

By Sales Channel:

• Hypermarkets/Supermarkets
• Convenience Stores
• Departmental Stores
• Independent Stores
• Online Retailers
• Others

By Region

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

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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:        

Nandini Singh Sawlani  

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 size of the global tinted cosmetics market is forecasted to increase from US$1,500.0 million in 2022 to US$2,290.0 million by the end of 2032. Throughout the forecast period, overall sales are expected to experience moderate growth, with a Compound Annual Growth Rate (CAGR) of 4.3%.

Trends Responsible for Increased Use of Tinted Cosmetics

• Tinted cosmetics serve the purpose of enhancing the natural glow of the skin and achieving a makeup-free appearance, aligning with the emerging trends of skinimalism and minimal cosmetics in the global fashion industry.
• Women worldwide are increasingly opting for natural-looking makeup styles, prompting the widespread use of tinted cosmetics to achieve a subtle and effortless look.
• Tinted cosmetics are preferred for their ability to cater to all skin tones and enhance the overall appearance without the need for heavy makeup application.
• The growing awareness of skin tone diversity and inclusivity is driving the demand for tinted cosmetics, as consumers seek products that can complement their natural skin color.
• The trend towards minimalism in cosmetics is influencing consumer preferences towards lightweight and versatile products like tinted cosmetics, which offer subtle enhancements while maintaining a natural aesthetic.

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The lip and cheek tints and eye tints are the next popular tinted cosmetic products. Men and women both are commonly using these products, as they are based on skin complexion. Tinted products for men include moisturizers and serums, which provide additional benefits to the skin. Due to their vast uses, tinted cosmetics are popular among customers.

However, the market is restrained by presence of counterfeit products, regulations on use of chemical ingredients in several countries, and the competition among the top manufacturing brands.

Key Takeaways from the Tinted Cosmetics Market Study

• Based on application, face cosmetics category account for around 42% share of the global tinted cosmetics market.
• By nature of product, the natural segment is expected to grow at a higher pace during the projection period.
• North America and Europe will continue to lead the global tinted cosmetics market during the forecast period.
• The U.S. tinted cosmetics market is poised to grow at a significant pace over the assessment period.
• Demand for tinted cosmetics is expected to rise at a moderate pace across South Korea between 2022 and 2032.

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“Changing fashion trends and growing penetration of social media are expected to play a significant role in boosting the tinted cosmetics market during the next ten years. Besides this, development of multifunctional products with natural ingredients will bode well for the market,” says an FMI Analyst.

Who is Winning?

Leading players operating in the tinted cosmetics

• Live Tinted
• Nykaa
• Ulta
• Tint Cosmetics
• e.l.f.
• Lab Series
• Maybelline
• Lakmé
• Oriflame
• Nivea
• Bobbi Brown
• BareMinerals
• Kosas
• Rare Beauty
• Others

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Tinted Cosmetics Category Analysis Segments

By Product Type:

• Sunscreens
• Moisturizers
• Foundation
• Cheek or Lip Tints
• Balms
• Others

By Application:

• Face cosmetics
• Cheek and Lips cosmetics
• Eye cosmetics
• Hair cosmetics

By Consumer Orientation:

• Men
• Women
• Unisex

By Nature of Product:

• Conventional
• Natural

By Distribution Channel:

• Hypermarket/Supermarket
• Specialty Stores
• Pharmacies
• Independent Stores
• Online Store

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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:        

Nandini Singh Sawlani  

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