Market Research Blog – Page 3553 – New Product Development

Women Luxury Footwear Market Forecasted to Achieve 5.5% CAGR Growth by 2033: Exploring Trends and Opportunities in High-End Retail Products

In 2023, the projected value of the women’s luxury footwear market is estimated to reach US$ 15,171.0 million, exhibiting a notable increase from the previous year’s value of US$ 14,288.2 million in 2022. Anticipated to grow at a moderate Compound Annual Growth Rate (CAGR) of 5.5% from 2023 to 2033, the women’s luxury footwear industry is expected to reach a value of US$ 25,954.6 million by the end of the forecast period in 2033. This steady growth trajectory reflects sustained consumer demand for high-end footwear and evolving fashion trends in the luxury footwear segment.

The women’s luxury footwear market has close ties with the fashion industry. Brands often rely on celebrity endorsements collaborations and showcases at fashion events. Brands use these strategies to reach a wider audience.

The women’s luxury footwear market is, at times, at the whims of fashion. The fashion trends are ever-changing and thus the market is quite volatile. Keeping up with trends can become a challenge for the brands in the industry. The manufacturers of women’s luxury footwear are therefore compelled to keep experimenting and introducing new products in the market.

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Business Growth Drivers:

Increasing Disposable Income: As the global economy continues to grow and disposable incomes rise, consumers have more purchasing power to spend on luxury items like footwear.
Rising Fashion Consciousness: Women are increasingly conscious about fashion trends and are willing to invest in high-quality, stylish footwear to enhance their overall look.
Brand Recognition and Prestige: Luxury footwear brands often carry a high degree of prestige and status, attracting consumers who seek to associate themselves with these brands as a symbol of wealth and sophistication.
E-Commerce Growth: The proliferation of e-commerce platforms has made luxury footwear more accessible to consumers worldwide, leading to an expansion of the market beyond traditional retail channels.
Product Innovation: Luxury footwear brands continuously innovate their designs, materials, and manufacturing processes to offer unique and exclusive products that appeal to discerning consumers.
Celebrity Endorsements and Influencer Marketing: Collaborations with celebrities and influencers help luxury footwear brands reach a wider audience and enhance their brand image, driving sales and brand visibility.

Key Takeaways from the Women’s Luxury Footwear Market

The women’s luxury footwear market is forecasted to reach a market size of US$ 25,954.6 million in 2033.
Sandals and flats are proving to be the most attractive options for consumers in the women’s luxury footwear industry. In 2023, sandals and flats are anticipated to hold 4% of the market share by product type.
Rubber is the material most commonly found in women’s luxury footwear. In 2023, rubber is expected to make up 3% of the market share by material type.
The United States continues to dominate the women’s luxury footwear market. In 2023, the United States is forecasted to contribute 7% of the market share.
In 2023, the Chinese market is expected to contribute 1% of the market share.
France’s status as a fashion-friendly country helps the women’s luxury footwear market. In 2023, France is expected to account for 8% of the market share.

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“The women’s luxury footwear market is exploring new avenues that help to keep the market fresh. Products are being made out of sustainable materials like plant-based rubber and bio-printed leather. The scope of women’s luxury footwear is no longer just limited to heels, boots, or sandals. Smart shoes and athleisure are also becoming part of premium footwear. The diversification of the products available is set to propel the women’s luxury footwear market forward”- Opines Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).

Key Companies in the Women Luxury Footwear Market

Kering
Louis Vuitton
Burberry
Caleres
Jimmy Choo PLC
Hermes
Christian Dior
Gucci
Chanel
Prada SpA
John Lobb
The ALDO Group Inc.
Tapestry Inc.

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Competition Analysis of the Women’s Luxury Footwear Market

The brands in the women’s luxury footwear market have to keep pace with the trends in the market. Diversifying portfolios to make sure a wide range of products is available is the priority for many companies in the market. Some prominent companies in the market are Kering, Louis Vuitton, Burberry, Caleres, and Jimmy Choo PLC.

Recent Developments in the Women’s Luxury Footwear Market

In September 2023, Journee Collection introduced its Supernaturals range of footwear in the market. The range is designed with consumers’ comfort as a priority.
Also in September 2023, Jimmy Choo announced the SS24 collection. The collection comes in various hues and patterns, with an emphasis on the look of the product.
Again in September 2023, Italian brand Geox introduced a range of footwear, partnering with Spanish actress Penelope Cruz. The range was designed by the actress and her sister, Mónica Cruz, and aims to combine style with comfort.

Key Segmentation

By Product Type:

Boots
Heels & Pumps
Sandals & Flats
Sneakers & Sports Shoes

By Material Type:

Rubber
Leather
Polyester
Velvet
Canvas
Textile
Others

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
The Middle East and Africa (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.

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Global Compound Feed Market: Steady Growth Expected to Achieve 4.9% CAGR by 2033

The global compound feed market is set to witness substantial growth, projecting a staggering valuation of US$ 418 billion in 2023, surging to an impressive US$ 674.42 billion by 2033. This forecasted growth, presented by Future Market Insights (FMI), is driven by the escalating demand for compound feed due to the increasing global population, rising income levels, and the intensification of industrial livestock production.

Urbanization and industrialisation are consistently mushrooming across the globe. The increasing global population is resulting in a surge in demand for poultry, meat, and dairy products. With increasing urbanization, the purchasing power of consumers is also increasing. The demand for food goods including beef, milk, eggs, and other dairy products is projected to increase as urbanisation and industrialization progress. An increase in industrial livestock production methods is likely to boost the demand for compound feed in coming years.

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When compared to conventional feed, compound feed is more effective. It is an economical method of giving animals the nourishment they require to develop and remain healthy. Compared to conventional feed, it is easier to carry and store. Also, it can be tailored according to the unique nutritional needs of various animals and the stages of their development. These factors are anticipated to increase the preference for compound feed over conventional feed, consequently accelerating the market’s development. Furthermore, ingredients for compound feed are readily accessible and may be obtained from a wide range of sources. For large-scale cattle production, this offers a stable and dependable feed supply. Growth potential for the market players is projected to be profitable as a result of the expansion of supply chain networks and manufacturing capacities.

In Asia Pacific, meat consumption is rising as a result of rising economic levels and the ever-increasing population. It is predicted that rising livestock farming methods in China, Japan, India, and other South East Asian nations would increase demand for compound feed. Also, the growing emphasis on producing healthier cattle is anticipated to boost market expansion in the Asia Pacific region.

Key Takeaways from Compound Feed Market Report:

The mash segment is projected to clock a modest CAGR of 4.6% from 2023 to 2033.
In 2018, the global market size stood at nearly US$ 335.42 billion.
In 2022, the market accounted for a worth of US$ 400 billion.
The cereal segment is likely to account for a revenue of nearly US$ 283 billion by 2033.
Asia Pacific is anticipated to generate a revenue of approximately US$ 280 billion by 2033.

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Recent Developments Observed by FMI:

Precision Livestock Analytics, a provider of livestock data analytics, was acquired by Cargill in June 2021. The acquisition is intended to assist livestock farmers in enhancing the health and growth of their animals.
In May 2021, DSM purchased First Choice Ingredients. The goal of this acquisition is to strengthen the company’s range of ingredient solutions.
In April 2021, Alltech acquired Solbiosur, a significant Argentine provider of animal feed. The acquisition intends to increase the company’s market share in South America.
Sojaprotein, a top European manufacturer of plant-based protein components, was acquistion by ADM in March 2021.

Compound Feed Market Segmentation

Compound Feed Market by Ingredients

Compound Feed in Cereals
Compound Feed in Cakes & Meal
Compound Feed in Animal By-Products
Compound Feed in Additives
Compound Feed in Supplements {Vitamins, Enzymes, Acidifiers, Amino acids, Probiotics & Prebiotics}

Compound Feed Market by Form

Compound Feed in Pellets
Compound Feed in Mash
Compound Feed in Crumbled

Compound Feed Market by Livestock :

Compound Feed in Poultry {Broilers, Layers, Breeders}
Compound Feed in Ruminants
Compound Feed in Swine
Compound Feed in Aquaculture

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 over 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
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Freestanding Large Cooking Appliance Market Eyes 4.3% CAGR Growth by 2032 | FMI

The global freestanding large cooking appliances market is estimated at US$ 20,333.0 Million in 2023, and is projected to reach US$ 30,977.5 Million by 2033, at a CAGR of 4.3% from 2023 to 2033. Share of freestanding large cooking appliance market in its parent market (kitchen appliance market) is approximately 15% to 20%.

Modern kitchen equipment are becoming smarter because to their electronic capabilities. Due to integrated appliances’ efficiency, modular kitchens are growing in popularity. More integrated fixtures are continually being permitted by manufacturers, increasing their accessibility to the wider audience.

Supermarkets, megastores, and malls are examples of contemporary retail structures that are gaining popularity. Consequently, producers of freestanding kitchen appliances are benefiting from this development and collaborating with these final consumers.

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Also, several manufacturers in this industry are developing cutting-edge appliances and services for the kitchen. Innovations in technology, such as the development of attractive, complex kitchen equipment that can be controlled via an app, are accelerating the demand in the market. As an increasing number of individuals are concerned about their personal health, the market for tranquil and clean kitchen appliances is increasing rapidly.

Key Takeaways from the Freestanding Large Cooking Appliances Market Study

By sales channel, online retailers segment is projected to gain traction over the assessment period
India is expected to dominate the South Asia freestanding large cooking appliances market though 2032
The U.S. is expected to account for significant share in the global freestanding large cooking appliances market
In terms of product type, the freestanding hobs segment will witness highest growth over the forecast period
Based on application, the commercial segment will grow at a fastest rate through 2022 & beyond

Who is winning?

Energy-efficient goods are being developed by market participants by examining new raw material and production options, as well as novel thermal element designs. Some of the biggest companies on the market are always updating their product line with the most cutting-edge and cutting-edge technology. A significant portion of their R&D budgets is going into developing new products that take use of cutting-edge technology like artificial intelligence (AI) and the internet of things (IoT).

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Major players present in the freestanding large cooking appliances market are Samsung Electronics Co. Ltd; Morphy Richards; LG Electronics Inc.; Whirlpool Corporation; Hitachi Appliances Inc.; Koninklijke Philips N.V.; AB Electrolux; Haier Group Corporation; GE Appliances; and Robert Bosch GmbH.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global freestanding large cooking appliances market, presenting historical demand data (2015-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the freestanding large cooking appliances market based on the product type (Freestanding hobs, Freestanding Ovens, others), application (residential and commercial), sales channel (hypermarkets/ supermarkets, convenience stores, online markets and others) across seven major regions.

Freestanding Large Cooking Appliances Market by Category

Product Type:

Freestanding Hobs
Freestanding Ovens
Others

By Application:

Residential
Commercial

Sales Channel:

Wholesalers/Distributors
Multi-Brand Stores
Specialty Stores
Hypermarket/Supermarkets
Online Retailers
Other Sales Channel

Region:

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

About Future Market Insights, Inc. (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 over 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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Forecasted Trend: Global Vinyl Flooring Market Set to Grow at 6.8% CAGR Beyond 2033

The global vinyl flooring market is expected to attain a valuation of US$ 29,885.25 million in 2023 and is projected to reach US$ 57,699.15 million by 2033 while exhibiting a CAGR of 6.8% during the forecast period. Rising construction activities and evolving lifestyles worldwide are projected to drive an increase in consumer demand for house renovation.

The global construction market has reached over US$ 12.2 trillion in 2021, leading to a surge in demand for vinyl flooring as an alternative flooring solution. The demand for vinyl flooring is notably high and continues to grow, with individuals increasingly investing in home renovation and enhancement. Increasing disposable income is empowering individuals to elevate their lifestyles and invest in luxurious housing.

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Consumers perceive well-decorated rooms as a symbol of status, prompting them to explore various flooring solutions like vinyl flooring to enhance their social image. Social media plays a significant role in influencing consumers, encouraging them to invest in housing renovations. On platforms like social media, do-it-yourself (DIY) home improvement projects often promote easily installable, low-maintenance, and cost-effective solutions that create a homely atmosphere.

The anticipated demand for vinyl flooring as a favored flooring solution in home renovation stems from the increasing interest in modernizing home spaces with user-friendly appliances. The adoption of advanced production techniques has improved the performance, design, and installation of vinyl flooring, providing higher resolutions and sharper textures.

The market is poised for revenue growth, supported by technological advancements like self-adhesive tiles, loose lay planks, interlocking planks and tiles, and glue-down tiles, simplifying the installation process. The thriving construction industry and growing interior design activities in emerging economies are also expected to have a positive impact on market growth. The regeneration of urban areas and the creation of smart cities demand newly developed flooring materials, further driving the revenue growth of the vinyl flooring market.

Key Takeaways from the Market Study

The market in China is expected to expand at a CAGR of 7% during the forecast period.
The United States is anticipated to procure over 14.6% market share in 2023.
By product type, the sales of printed vinyl flooring are projected to increase at a CAGR of 7.2% during the forecast period.

“Thriving construction industry and increasing interior design activities is expected to boost market growth during the forecast period,” comments an FMI Analyst

Competitive Landscape

Major players in the vinyl tiles market are actively involved in designing and developing new products with distinctive features to enrich their portfolios and broaden their global consumer base. Additionally, certain companies are emphasizing the reinforcement of their retail networks and the establishment of well-structured supply chains to effectively reach their customers.

Some recent developments in the vinyl flooring market are:

In December 2021, Belgium-based flooring solutions designer and manufacturer, IVC Commercial, introduced LayRed 55, an LVT (Luxury Vinyl Tile) that offers natural-looking flooring along with enhanced acoustic performance and durability.
Forbo Flooring Systems launched the Sarlon and Modul’up collections in January 2021, providing acoustic resistance and versatile installation options, including compact, glued, or fully loose-laid.
On May 30, 2022, EGGER’s GreenTec made an announcement regarding the launch of a new flooring range in Australia, aiming to challenge conventional flooring and laminate flooring perceptions.
In May 2021, United States-based renowned flooring product manufacturer, Armstrong Flooring, unveiled three luxury flooring collections named Coalesce, Terra, and Biome.

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Key Companies Profiled

Tarkett
AFI Licensing LLC
Mohawk Industries Inc.
Forbo Group, C.I.
TAKIRON Corporation
Responsive Industries Ltd.
TOLI Corporation
Shaw Industries Group, Inc.
JAMES HALSTEAD PLC
Interface Inc.
Mannington Mills, Inc.
Gerflor

Key Segments Profiled in the Vinyl Flooring Industry Survey

By Format :

Sheet
Plank
Tile

By Product Type :

Inlaid
Printed

By Application :

Residential
Commercial
- Healthcare
- Hospitality
- Retail & Offices
- Others
Industrial

By Region :

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
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:

Nandini Singh Sawlani

Global Balloon Catheter Market Anticipated for Steady Growth US$ 6.4 Billion valuation by 2033, Driven by Technological Advancements and Improved Patient Outcomes

The global balloon catheter market is projected to experience significant growth in the coming years, with a compound annual growth rate (CAGR) of 4.3% anticipated between 2023 and 2033. This growth is expected to propel the market value from an estimated US$ 4.2 billion in 2023 to US$ 6.4 billion by 2033.

Key players in the market are actively developing innovative balloon catheter technologies that offer exceptional performance, particularly in challenging procedures. This focus on advanced technology includes features like:

Exceptional TrakTipTM design: This design, achieved through a unique laser-bonded method, ensures precise and smooth bonding along the shaft for optimal control and maneuverability.
Occlusion balloon catheters: These catheters are specifically designed to minimize the movement of stone fragments during Percutaneous Nephrolithotomy (PCNL) procedures, improving patient safety and treatment efficacy.

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One such example of an innovative product is the Mustang catheter, developed by a leading market player. Mustang boasts reduced sheath diameters, which translates to improved patient comfort and faster procedure times. Additionally, the catheter features superior cross and track, forceful dilatation capabilities, and longer lengths, further enhancing its effectiveness.

Beyond these advancements, the market offers a variety of balloon catheter solutions to address diverse clinical needs:

Balloon dilatation catheters for radial dilatation of the urinary tract: These catheters are designed to ease strictures and allow for the placement of larger surgical instruments, facilitating minimally invasive procedures.
PTA quick exchange balloon dilatation catheters: These catheters cater to the need for accessing and treating lesions in small veins, particularly below the knee, offering a convenient and efficient solution for interventional procedures.

The anticipated growth of the balloon catheter market underscores the increasing demand for minimally invasive procedures and the continuous advancements in medical technology. These advancements are not only driving market expansion but also contributing to improved patient outcomes and minimally invasive treatment options.

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Key Takeaways from the Balloon Catheter Market:

From 2023 to 2033, the United Kingdom market is likely to accelerate at a CAGR of 8% and reach a value of US$ 273.4 million in 2033.
Germany market is also anticipated to expand at 7% CAGR and reach US$ 244.3 million in 2033.
The global balloon catheter market is expected to register 4.3% CAGR between 2023 and 2033.
A value of US$ 6.4 billion is estimated for the global balloon catheter market in the year 2033.
The global balloon catheter market is poised to reach a valuation of US$ 4.2 billion in 2023.
Rising prevalence of peripheral artery disease (PAD) is slated to fuel the need for balloon catheters in Europe.

“As peripheral artery disease is on rise in Europe, balloon catheter adoption is expected to skyrocket in the coming years. Key players are focusing on developing catheters that improve treatment outcomes.”– Says an FMI Analyst.

Competition Landscape in the Balloon Catheter Market:

To set themselves apart from their rivals in the industry and boost sales in the global balloon catheter market, manufacturing companies are concentrating on merger and acquisition strategies.

Boston Scientific Inc.,
Medtronic,
Terumo Corporation,
B. Braun Melsungen AG,
MicroPort Scientific Corporation,
Jotech GmbH,
QX Medical LLC,
Meril Life Pvt. Ltd.,
Hexacath,
Abbott Laboratories

Recent Developments:

In October 2022, Biosense Webster, Inc., a Johnson & Johnson subsidy of medical technologies, revealed its European debut of a HELIOSTAR balloon catheter, the first radiofrequency balloon ablation catheter. It can be utilised for cardiac ablation when coupled with a suitable cross RF generator and catheter-based heart electrophysiological imaging of the atria.
In July 2021, PrevailTM drug coated balloon (DCB) catheters were introduced in Europe under the CE (Conformité Européenne) standard by Medtronic plc, a leading company in medical technology. The Prevail DCB is used in percutaneous coronary intervention (PCI) treatments to treat blocked or restricted blood vessels in people with cardiovascular disease.

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Key Segments Profiled in the Balloon Catheter Market Survey

By Product Type:

Normal
Cutting
Scoring
Drug Eluting
Others

By Raw Material:

Polyurethane
Nylon
Others

By Indication:

Coronary Artery Disease
Peripheral Vascular Disease

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Catheterization Laboratories

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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 over 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

CBD Skin Care Market Set to Expand at a 25.7% CAGR by 2033: Exploring Growth Opportunities and Emerging Trends in CBD-infused Skincare

With a projected revenue of US$ 32,859.5 million by 2033, the global CBD skincare market is anticipated to experience significant growth, with CBD skincare providers foreseeing a robust Compound Annual Growth Rate (CAGR) of 25.7% through 2033. As of 2023, the market is currently valued at US$ 3,327.9 million. This growth trajectory underscores the increasing consumer interest in CBD-infused skincare products, driven by their perceived health and wellness benefits. With expanding legalization and growing acceptance of CBD-based products, the skincare industry is poised for substantial expansion, offering lucrative opportunities for businesses operating in this niche market.

Customers are now concentrating their expenditures on necessities as a result of the coronavirus epidemic and the lockdown procedures that followed. The market has also been disrupted by disruptions in the supply of basic materials.

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However, strong demand for CBD skin care products is helping in recovery of the industry, particularly through online distribution channels. As per newly released data by Future Market Insights (FMI), the CBD skin care market is anticipated to display a staggering 26% CAGR during the forecast period between the years 2020 and 2030.  On the other hand, the market reflected a CAGR of ~21.1% from 2013 to 2021. The share of the CBD skin care market in its parent market (skin care market) is close to ~1%-2%.

Key Players in the Market

Cannuka, LLC
CBD For Life
Earthly Body
Elixinol Global Limited
Endoca Company
Green Growth Brands
Herbivorebotanicals
IldiPekar Skin Care & Spa
Isodiol International Inc
Josie Maran Cosmetics
Kana Skincare
Kapu Maku LLC (POPULUM)
Kiehl’s LLC
Kush Creams
Leef Organics
Leela Body Care Company
Lord Jones
Medical Marijuana Inc
Myaderm
Peter Thomas Roth
TESCosmetics
The CBD Skincare Company
VERTLYBALM
Others

CBD Skincare Market- Critical Takeaways

CBD-infused serums and masks are witnessing high demand, owing to higher efficacy and easy application.
Hemp based skin care products are witnessing relatively higher demand than marijuana alternatives owing to high efficiency as emollients, surfactants, conditioner, and cleansers.
North America remains the leading market for CBD skincare products owing to widespread legalization efforts in Canada and the United States.

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CBD Skin Care Products Market Trends:

Rapid Growth: The CBD skincare products market is experiencing rapid growth, driven by increasing consumer interest in natural and alternative skincare solutions. This trend is fueled by growing awareness of the potential benefits of CBD, such as anti-inflammatory and antioxidant properties.
Product Diversification: There is a growing variety of CBD skincare products available in the market, including creams, lotions, serums, and masks. Manufacturers are innovating to cater to different skincare needs and preferences, offering products targeted towards specific skin concerns like acne, aging, and dryness.
Legalization and Regulation: The legalization of hemp-derived CBD in many regions has led to an expansion of the CBD skincare market. However, regulatory frameworks vary, impacting product availability and marketing strategies. As regulations evolve, companies must stay compliant while navigating the market landscape.
Consumer Education: Increasing efforts in consumer education regarding CBD and its benefits are driving market growth. Brands are providing information about CBD’s skincare benefits, ingredient sourcing, and product efficacy to build trust and credibility with consumers.
Incorporation of CBD into Mainstream Beauty: CBD is increasingly being incorporated into mainstream beauty and skincare brands’ product lines. Major retailers and beauty conglomerates are launching CBD-infused skincare products, reflecting the normalization of CBD in the beauty industry and its integration into daily skincare routines.

Coronavirus Impact on CBD Skincare Market

With the coronavirus affecting countries around the globe, potential buyers for CBD skincare products are focusing their expenditure towards essentials. Further, the fear of recession has impacted investments into the CBD skincare market. In addition, CBD and hemp shipments have taken a hit. CBD skincare product manufacturers are focused on the optimization of global, national, and local supply chains to process shipments, while being in compliance with strict safety standards.

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Global CBD Skin Care Market by Category

By Product Type

Creams
Moisturizers and Lotions
Balm
Serums
Face & Body Cleansers

Others

By Price Range

Economic
Premium

By Packaging Type

Pump
Tubes
Jar/ Bottles
Sticks
Others

By Source Type

Natural & Organic
Synthetic

By Region

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

Author

About Future Market Insights (FMI)

Contact Us:

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Leadership Evolution: Executive Coaching Certification Market Eyes Striking 11.3% CAGR by 2032 | FMI

The global executive coaching certification market was estimated at US$ 8.4 billion in 2021, and it is projected to grow to US$ 9.3 billion by 2022. Furthermore, the market for executive coaching certifications as a whole is expected to grow at a robust CAGR of 11.3% between 2022 and 2032 due to the growing demand for highly skilled and qualified executives and other employees across businesses. By the end of 2032, the market is expected to have grown to a valuation of about US$ 27 billion.

Executive coaching certifications have become a rampant phenomenon to the billioniros in business and passion driven learners who wish to become ideal executive coaches. This is done through the nature of high potential programs which are meant to develop top leadership talent. With increasing need for better leadership and improved skills at all levels across the business it is supposed to support onboarding of executive coaching certification programs over the given time frame which will further influence growth of global executive Coaching Certification.

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Similarly, expansion of businesses across both developed and developing regions is playing a crucial role in expanding the size of executive coaching certification market. Increasing workload, and technological advancements have made the business environments more challenging for workers. To thrive and succeed in such businesses, executives and other employees need to develop better skills and leadership. For this purpose, they opt for programs and course like executive coaching certification.

In addition, growing popularity of online business coaching programs and leadership coaching programs offered by top universities is expected to further boost market growth during the forecast period.

Key Takeaways:

Based on learner type, individual/private learners segment is expected to grow at 8.3% CAGR during the forecast period.
By program participants, business owners segment is likely to take away the spotlight during the forecast period.
On the basis of mode of learning, online learning segment is poised to grow at a higher CAGR over the forecast period.
The U.S. executive coaching certification market is expected to continue its dominance in the global market during the assessment period.
With presence of leading market players and availability of flexible courses, the U.K. executive coaching certification market is poised to grow at a prolific CAGR during the forthcoming tears.

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Competition Landscape

Leading players operating in the global sleep studies market are adopting various strategies such as partnerships, acquisitions, collaborations and launch of new initiatives and online programs to gain a competitive edge in the market. For instance,

In April 2021, INSEAD launched its Marketing & Sales Excellence Initiative (MSEI) to provide a global meeting point for senior executives to learn and create thought leadership, disseminate knowledge and share best practices with peers.
In 2021, SUCCESS Enterprises launched SUCCESS Coaching, a new coaching program for entrepreneurs and business professionals

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Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2022 to 2032. The global sleep studies market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Key Market Segments Covered In Executive Coaching Certification Market Research

By Learner Type:

Group/ Small Team Learners
Individual/ Private Learners

By Program Participants:

Business-Owners
Junior/ Entry-level Employees
Managers
Mid-level Employees
Senior Executives

By Mode of Learning:

Online Learning
In-Person Learning

By Duration:

Less than 1 Week
1 Week to 1 Month
More than 1 Month

By Type of Courses:

Management & Leadership
Finance & Accounting
Strategic Leadership & Innovation
Marketing & Sales
Business Operations & Entrepreneurship
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & 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 over 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

Pre-Shave Care Market Estimated to Hit US$ 13.4 Billion by 2032 | FMI

The global market for pre-shave care is expected to reach US$ 7.9 billion by 2022. The market for pre-shave care products will grow at a 5.3% CAGR, reaching US$ 13.4 billion by 2032. The pre-shave care market accounts for 45 to 48% of the global shaving care market.

The pre-shave care market will be likely to be on the verge of growth with increasing demand for another category in male grooming goods. To satisfy this need, manufacturers have prioritized towards funding R&D as well promotional activities.

The development of numerous male products for grooming including various pre-shave care products is the consequence of changing patterns and trends in men ‘s grooming due to all age groups.

Further, clients are increasingly likely to purchase having aromatherapy, facials, and pedicures. However, with rapid urbanisation and the move towards individualism in a society beginning to increase, sales of pre-shave care products for males is expected to skyrocket.

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In addition, the market is expanding as a result of the rising popularity of websites that offer products for men’s health and fitness as well as the expansion of publications devoted to men’s grooming and lifestyle.

Key Takeaways:

Based on product type, sales of pre-shave foam are projected to grow at a 5.6% CAGR over forecast period.
By nature, demand in the natural segment will increase at a 7.9% CAGR over the forecast period.
In terms of price range, the mid-range segment will account for 55.6% of the total market share in 2022.
Based on sales channel, sales in the online segment will grow at a 8.3% CAGR through 2032.
The U.S. pre-shave care market accounted for 87.9% of the North America market share in 2021.
Germany held over 25.7% of the Europe pre-shave care market in 2021, and the trend is expected to continue over the forecast period.
In 2021, India accounted for 37.7% of the South Asia pre-shave care in 2021, emerging as a lucrative pocket in the region.

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Competition Landscape

Leading manufacturers of pre-shave care products are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales in the market.

Major players present in the pre-shave care market are Claus Porto, Edgewell Personal Care Company, L’Oreal SA, Kiehl, Johnson & Johnson, Bold For Men, Energizer Holdings, Inc., Malhotra Shaving Products Ltd, Acqua DI Parma, Beiersdorf AG, Godrej Group and Siemens Healthcare among others.

Global Pre-Shave Care Market by Category

By Product Type:

Pre-Shave Foam
Pre-Shave Cream
Pre-Shave Gel
Pre-Shave Soap
Other Pre-Shave Products

By Nature Type:

Natural/Organic
Conventional

By Consumer Orientation:

Men
Women

By Price Range:

Low
Medium
Premium

By Sales Channel:

Supermarkets/Hypermarkets
Specialty Stores
Multi-Brand Stores
Salon/Grooming Clubs
Drug Stores & Pharmacies
Online Retailers
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 over 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

Radiopharmaceuticals Market: Striving Towards a US$ 9.5 Billion Horizon by 2032

Recent years have seen a significant increase in the radiopharmaceuticals market sale due to the rising use of nuclear medicine procedures, developments in molecular imaging technology, and an increase in the prevalence of chronic illnesses. Radiopharmaceuticals are radioactive substances used in targeted therapy and nuclear medicine imaging for the diagnosis and treatment of a wide range of illnesses, such as neurological disorders, cancer, and cardiovascular ailments.

One of the primary factors contributing to the market’s expansion is the rising demand for accurate and non-invasive diagnostic techniques. Radiopharmaceuticals play a critical role in molecular imaging, allowing healthcare professionals to visualize and analyze specific physiological processes in the body. This enables early disease detection and precise staging of various conditions, leading to improved treatment planning and better patient outcomes.

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Moreover, the increasing incidence of cancer and cardiovascular diseases has led to a surge in the use of radiopharmaceuticals for therapeutic applications. Targeted radionuclide therapies offer a promising approach to treating cancer by delivering radiation directly to cancer cells while sparing healthy tissues, reducing the risk of side effects associated with traditional radiation therapy.

Additionally, advancements in radiopharmaceutical manufacturing and labeling techniques have improved product stability, reduced radiation exposure to healthcare workers, and expanded the range of radiopharmaceuticals available for clinical use. These developments have enhanced the safety and efficiency of nuclear medicine procedures, contributing to the market’s growth.

The radiopharmaceuticals market is expected to be worth US$ 6.2 billion in 2022, according to Future Market Insights (FMI). During the forecast period of 2022 to 2032, radiopharmaceutical uptake is expected to grow at a 4.3% CAGR to reach US$ 9.5 billion.

Radiopharmaceuticals imply medications containing radioisotopes that could be used as both – therapeutic agents and diagnosis medications. Radiopharmaceuticals manage critical as well as chronic diseases. These days, various diagnostics are aimed towards organs with nuclear medicine radiopharmaceuticals.

PET and SPECT techniques are used in abundance while deploying radiopharmaceuticals. Some of the distinct features of radiopharmaceuticals include non-invasiveness, cost-effectiveness, easy of diagnosis, and higher sensitivity. Clinical applications include cardiology, oncology, lymphoma, and tumor.

Growing awareness regarding positive results provided by radiopharmaceuticals in checking chronic illness is one of the catalysts to radiopharmaceuticals market.

On the other hand, the fact that radiopharmaceuticals have half-life could restrain the market. It’s a known fact that radiopharmaceuticals involve higher investment. Short expectancy or half-life is one of the crucial factors restricting demand for radiopharmaceuticals. Thus, it’s only the developed regions who are able to increasingly adopt radiopharmaceuticals as of now. The developing economies still need to incorporate the technology to the fullest. Future Market Insights has walked through these functionalities with future prospects in its latest market study entitled ‘Radiopharmaceuticals Market’.

Key Takeaways from Radiopharmaceuticals Market

North America dominates the radiopharmaceuticals market due to rising frequency of cardiovascular diseases and cancer and the scenario is expected to persist even in the forecast period. Adopting innovative radioisotope production methods for treating chronic disorders is another reason.
Europe, led by the UK, is also expected to hold a significant market share due to the UK being subject to maximum incidences of cancer. Cancer Research UK estimate says that the UK alone houses 367,167 cancer patients.
The Asia-Pacific is poised to grow blatantly in the forecast period with it witnessing new product launches, collaborations, distribution agreements, acquisitions in an aplomb.

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“The fact that radiopharmaceuticals are broadly used as biomarkers in molecular imaging is expected to take the radiopharmaceuticals market by storm in the upcoming period”, says an analyst from Future Market Insights.

Competitive Landscape :

GE Healthcare inked an agreement with NorthStar Medical Radioisotopes, LLC for producing and distributing iodine-123 (I-123) capsules all across the US.
Bracco Diagnostics Inc., in March 2021, entered into partnership with CardioNavix, LLC for enhancing patients’ access to cardiac PET imaging. The new program is termed as ‘Bracco Mobile Isotope Service’, which ought to facilitate better patient care sites for providing cardiac PET imaging.
Jubilant Radiopharma, in August 2020, signed a MoU (Memorandum of Understanding) with Navidea Biopharmaceuticals, which focuses on an ELDA (Exclusive License and Distribution Agreement) for the latter’s diagnostic imaging agent called ‘Tilmanocept (technetium Tc 99m tilmanocept injection) in LATAM, Mexico, Canada, and the US.
Bayer AG, in June 2021, announced that it would acquire Noria Therapeutics Inc. along with PSMA Therapeutics Inc. with the objective of widening the former’s oncology portfolio that is into existence.
Norgine B.V., in March 2020, completed the acquisition of Azanta A/S, a specialty biopharmaceutical company. This included Nimorazole, a hypoxic radiosensitizer to treat cancer, and Angusta to facilitate labor induction.
Curium, in the year 2019, completed acquisition of MAP Medical, which would actually help it in strengthening the footprint all over the Europe with access to Baltic and Nordic countries.
The US FDA, in December 2020, completed approval of Gallium 68 PSMA-11 (Ga 68 PSMA-11). It holds the distinction of being the very first drug for PET imaging for diagnosing prostate cancer.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the radiopharmaceuticals market in its latest study, presenting historical demand assessment of 2016 to 2021 and projections for 2022 to 2032.
The research study is based on radioisotope type (Technetium-99, Fluorine-18, Iodine-131, Leutetium-177, Yttrium-90, Gallium-68, Gallium-67, Rubidium-82, Iodine-123, Iodine-125, Indium-111, and likewise), by application (oncology, cardiology, gastroenterology, neuroendocrinology, neurology, nephrology, and likewise), by source (nuclear reactors and cyclotrons), and by end-user (hospitals, diagnostic imaging centers, ambulatory surgical centers, and cancer research institute).

Key Segments :

Radiopharmaceuticals Market by Radioisotope Type:

Technetium-99
Fluorine-18
Iodine-131
Leutetium-177
Yttrium-90
Gallium-68
Gallium-67
Rubidium-82
Iodine-123
Iodine-125
Indium-111
Others

Radiopharmaceuticals Market by Application:

Oncology
Cardiology
Gastroenterology
Neuroendocrinology
Neurology
Nephrology
Others

Radiopharmaceuticals Market by Source:

Cyclotrons
Nuclear Reactors

Radiopharmaceuticals Market by End User:

Hospitals
Diagnostic Imaging Centers
Ambulatory Surgical Centers
Cancer Research Institute

Radiopharmaceuticals Market by Region:

North America Radiopharmaceuticals Market
Latin America Radiopharmaceuticals Market
Western Europe Radiopharmaceuticals Market
Eastern Europe Radiopharmaceuticals Market
APEJ Radiopharmaceuticals Market
Japan Radiopharmaceuticals Market
Middle East & Africa Radiopharmaceuticals Market

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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 over 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

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Women’s Footwear Market Poised to Reach US$ 270 Billion by 2033: Exploring Trends and Growth Opportunities in Fashion Footwear

In 2023, the global women’s footwear market is projected to be worth US$ 185.95 billion, with forecasts suggesting a substantial increase to US$ 270 billion by 2033. Anticipated to progress at a Compound Annual Growth Rate (CAGR) of 3.8% throughout the forecast period, the rising adoption of women’s footwear reflects evolving fashion trends and consumer preferences. Factors such as changing lifestyles, increasing disposable incomes, and growing emphasis on comfort and style contribute to the market’s steady growth trajectory. As the market continues to expand, opportunities arise for brands to innovate and cater to the diverse needs of female consumers worldwide.

The advent of technology has opened new avenues for personalized shopping experiences. Virtual try-on solutions and augmented reality applications enable customers to visualize footwear choices before making a purchase, boosting online sales and reducing returns. Inclusivity is another crucial aspect reshaping the market. Addressing diverse foot shapes and sizes through extended size ranges and width options caters to a broader audience, fostering brand loyalty among consumers who often struggle to find the perfect fit.

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Collaborations with influencers and celebrities provide a strategic opportunity to amplify brand visibility and tap into new customer segments. By collaborating with influential figures, brands can create exclusive collections that resonate with their followers. The trend of athleisure and casual wear continues to grow, offering opportunities for brands to innovate in comfort and style. Incorporating sustainable materials into casual and athletic footwear aligns with current consumer demands.

Business Growth Drivers:

Fashion Trends: Women’s footwear is heavily influenced by fashion trends, with consumers often seeking stylish and trendy designs. Brands that can quickly adapt to changing fashion preferences and offer innovative designs tend to experience growth.
E-Commerce Expansion: The proliferation of e-commerce platforms has significantly expanded the reach of women’s footwear brands. Online shopping offers convenience and a wider selection of products, driving growth in the market.
Increasing Disposable Income: Rising disposable income among women globally has led to increased spending on fashion and footwear. As women have more purchasing power, they are more likely to invest in high-quality footwear and multiple pairs for different occasions.
Product Innovation: Companies that invest in research and development to create comfortable, durable, and stylish footwear gain a competitive edge. Innovations in materials, manufacturing techniques, and design features attract consumers looking for both fashion and functionality.
Marketing and Branding: Effective marketing strategies, including celebrity endorsements, influencer collaborations, and targeted advertising campaigns, help build brand awareness and drive sales. Strong branding creates an emotional connection with consumers, leading to brand loyalty and repeat purchases.

Key Takeaways from the Women’s Footwear Market

North America’s market dominance continues; the United States anticipates a notable 3.7% CAGR during the forecast period.
Sales of women’s footwear in China are projected to achieve a CAGR of around 3.5% between 2023 and 2033.
Sports shoes are projected to exhibit a substantial CAGR of 3.9% in terms of product type.
Leather footwear is projected to experience a CAGR of 4.1% based on the type of base material.
The sales channels for third-party online sales are projected to experience a CAGR of 4.3%.

“The women’s footwear market exhibits favorable opportunities for growth, fueled by increasing consumer interest in sustainable and cutting-edge designs. Key players’ focus on digital engagement and inclusivity is redefining the industry’s landscape”, remarks an analyst at FMI.

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How Key Players are revolutionizing the Women’s Footwear Market?

Key players in the women’s footwear market are spearheading a revolution through innovation and customer-centric strategies. By leveraging advanced materials, sustainable practices, and cutting-edge designs, they cater to diverse preferences and lifestyles. Personalization options allow customers to create unique styles, fostering brand loyalty.

Embracing technology, these players offer seamless online shopping experiences and virtual try-ons, enhancing customer engagement. They are championing inclusivity and diversity, catering to all foot shapes and sizes. Through collaborations with influencers and social media campaigns, they build strong brand identities and connect with younger demographics. The industry’s transformation under these influential players is redefining the future of women’s footwear.

Product Portfolio

Deichmann offers a diverse product portfolio of trendy and affordable footwear for men, women, and children. From stylish sneakers and sandals to elegant pumps and boots, their collection caters to fashion-conscious individuals of all ages, ensuring comfort and quality without compromising on style.
The ALDO Group boasts a chic and contemporary product portfolio, featuring a wide range of footwear, handbags, and accessories. Their on-trend designs cater to fashion-forward individuals seeking high-quality artisanship and versatile styles, reflecting the latest runway trends and modern lifestyle.
ASICS Corporation offers a diverse product portfolio catering to athletes and fitness enthusiasts worldwide. Their cutting-edge footwear collection combines innovative technologies with superior comfort and performance. From running shoes engineered for speed and support to training and lifestyle sneakers, their range empowers individuals to achieve their fitness goals while staying fashionably on-trend.

More Insights Available

Future Market Insights offers an unbiased analysis of the women’s footwear market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the women’s footwear market, the report is segmented on the basis product type (casual shoes, boots, heels & pumps, sandals, flip flops & slippers, sports shoes and safety shoes), base material (rubber, leather, plastic, velvet, textiles and others), sales channel (hypermarkets/supermarkets, specialty stores, multi-brand stores, direct sales, 3rd party online sales and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

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Market Segmentation

Product Type:

Casual Shoes
Boots
Heels & Pumps
Sandals
Flip Flops & Slippers
Sports Shoes
Safety Shoes

Base Material:

Rubber
Leather
Plastic
Velvet
Textiles
Others

Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Multi-Brand Stores
Direct Sales
3rd Party Online Sales
Others

Region:

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

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani