Market Research Blog

The global range cookers market is expected to grow from its anticipated US$ 1.3 billion in 2022 to US$ 2.1 billion by 2032. Furthermore, from 2022 to 2032, range cooker sales as a whole are expected to increase at a compound annual growth rate of 4.1% due to the growing uses in the residential and commercial sectors. In its parent market, the kitchen appliance market, the range cooker market has a share of roughly 1% to 2%.

The main factor that is expected to trigger demand into the market is the vast adoption by residential and commercial sectors, it is probable that this will stay even during the forecast period. This is a separate kitchen appliance, a kitchen compvan, which combines a stove and an oven in one unit. Range-top models are manufactured in different sizes and designs for both domestic and commercial purposes.

A range cooker is typically larger in size than a regular built-in or freestanding oven. Many of the more contemporary range hood models come with an inbuilt tray and pot rack. New range hoods are offered in multiple monochrome and pastel shades, making them stylish-looking elements of modern kitchen settings.

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The global market for cookers will be driven by improving consumer purchasing power due to the growing economies and urbanization. In addition, the promotion of female entrepreneurship is predicted to boost the market during the forecast period.

Consumers want kitchen appliances that keep up with their fast-paced and demanding lives, while also permitting them to save time in the kitchen. Millennials frequently purchase range cookers for the sake of long-term culinary convenience. Range cookers are being increasingly used in business contexts such as take-out food delivery services and multi-cuisine restaurants.

Thus, rapid growth of restaurants, hotels, cafeterias, and several other commercial sectors will generate high demand for range cookers during the forecast period. Similarly, innovation in range cooker technology and design is expected to create lucrative opportunities for manufacturers during the forecast period.

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Key Takeaways from the Range Cookers Market Study

• By product type, the dual fuel range segment is expected to grow at the fastest CAGR of more than 4.0% during the forecast period
• Based on application, the residential segment is expected to grow at a CAGR of 5.4% over the forecast period.
• The U.S range cookers market is anticipated to touch a valuation of US$ 304.5 Million by 2032
• China’s range cookers market is likely to cross US$ 443.0 Million by the end of 2032.
• The U.K. range cookers market is projected to grow at a CAGR of 4.3% over the forecast period.

Key Manufacturing Companies

• GE Appliances
• SAMSUNG
• Premier
• Monogram
• LG Electronics
• Frigidaire
• THERMADOR
• Dacor, Inc.
• Whirlpool Electric
• LG Electronics
• Panasonic
• Miele & Cie KG
• Hisense, INC.
• Gree Electric Appliances Inc.
• Sony Corporation
• Skyworth
• Others (on request)

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Future Market Insights, in its new offering, provides an unbiased analysis of the global range cookers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the range cookers market based on the product type (electric & dual range), burner type (single burner, double burner, three burner, four burner, more than 4), application (residential, commercial), and sales channel (hypermarkets/supermarkets, convenience stores, others) across seven major regions.

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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The global dark store market size is likely to thrive at a robust CAGR of 38% during the forecast period. The market is anticipated to cross a market share of US$ 414.31 Billion by 2033, while it holds a value of US$ 16.54 Billion in 2023.

The emerging enterprises are prompted to set up store as an extension of e-retailer partnerships adding to the demand for dark stores. One of the new and developing delivery tracking systems makes the capabilities more reliable, faster and convenient for the end user to receive his package.

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The geriatric population and its idle lifestyle have led to higher online orders instead of store visits. Thus, ultimately fueling the adoption of the dark store concept. Apart from the concept not being new, the pandemic has fueled the demand for a storage space that can fulfill the storage, logistics, and management needs of an online grocery store.

Besides this, the higher adoption of the dark store is attributed to advantages such as quick and contact-free shopping, enhanced distribution and quicker delivery, wide audience, improved SKU management, and extended distribution channels.

Key Points

1. The US holds the biggest share of 35.8% market share in the global market, owing to the higher number of outlet stores and preference for online shopping options.
2. Europe holds a significant market share in the global dark store market attributed to its easy availability of the product coupled with the cost-friendly setup.
3. The rising urbanization and per capita income in Asia Pacific nations such as China and India have led to the higher adoption. Thus, the high demand for the Dark store is anticipated from the region during the forecast period.
4. By delivery category, the online delivery segment holds the biggest share due to ease and faster delivery.

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Competitive Landscape

The competitors focus on making stores with better accessibility and availability. The brands proving n number of payment options, and delivery options while also providing the same day delivery options fuels the market competition.

Furthermore, the key players adopt the strategy of acquisition, merger, and other expansionist tricks to strengthen their supply chain.

Key Players

• Amazon.com, Inc.
• Swiggy
• Uber
• Ola Foods
• Supermarket Grocery Supplies Pvt Ltd.
• Walmart, Inc.
• Target Brands, Inc
• Dunzo Daily
• Instacart
• Auchan
• Wolt
• Flipkart
• Grab

Dark store Market by Category

By Age Group, Dark Store Market is Segmented as:

• Children
• Adults
• Elderly

By Category, Dark Store Market is Segmented as:

• Groceries
• Meat
• Dairy

By Delivery Options, Dark Store Market is Segmented as:

• Curbside Pickup
• In-Store Pickup
• Home Delivery

By Non-Food Products, Dark Store Market is Segmented as:

• Cleaning
• Essentials
• Bath & Body

By Region, Dark store Market is Segmented as:

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

Recent Market Developments

• June 2022: Naturepro has introduced same-day delivery across India along with the opening of ZFW dark stores. Both brands have partnered to promote sustainable and affordable products.
• September 2022: Intacart has acquired Rosie to implement and use its technology in locally operated grocery spaces, expanding the customer base and distribution channels.
• Amazon India has signed MOUs with the Council of Handicraft Development Corporation (COHANDS) to promote the products under the Karigar program, which is an initiative that supports the local craftsmen.

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 5000 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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In recent years, the stainless steel welded pipe market has grown quickly. This growing trend is anticipated to continue due to increased demand from the construction and automotive industries. Petrochemical and fertiliser manufacturing, oil and gas production, as well as water supply and distribution, are additional industries that use stainless steel welded pipes. Positive sales growth has been made possible by stainless steel’s strong physical and chemical qualities, including high ductility, resilience to high temperature ranges, and corrosion resistance.

Stainless steel welded pipe sales increased at a 1.2% CAGR between 2016 and 2021, according to FMI. COVID-19 has caused significant output and supply disruption in all manufacturing industries across multiple regions. The pandemic has also reduced the annual growth rate of stainless steel and its derivatives, such as stainless steel welded pipes. Because of the covid-19 pandemic, the stainless steel welded pipe market has been severely impacted by a slowdown in non-essential item sales and a tightening of liquidity.

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Regional Analysis:

The U.S. stainless steel welded pipe market is expected to rise at 4.4% CAGR between 2021 and 2031. Growth forecast for the U.S. market remains positive on account of the increasing demand from the automotive industry and construction industry. The U.S. automotive industry not only produces vehicles for domestic sales, but also exports vehicles, and to fulfill the demand auto industry players have to manufacture efficiently. Stainless steel welded pipes are used for making mufflers and exhausts in the automotive industry, which propels the growth of the stainless steel welded pipe market in the United States.

Competitive Landscape

The stainless steel welded pipe market is highly competitive, with the presence of a large number of players in the market. Some of the players are focusing on carving out a niche for specific consumers. The market has robust partnerships throughout the value chain, with high focus on innovations. Manufacturers are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Brand consciousness and aggressive marketing make it challenging for new entrants in this market. Through these developments, companies are aiming at gaining a competitive advantage.

Some of the leading companies operating in the market are:

Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd.

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Stainless Steel Welded Pipe Market

By Grade

• 300 Series
  • 304, 304L & 304H
  • 309 & 310S
  • 316, 316L, 316H, 316TI
  • 321/321H
  • 347/347H
• 400 Series
  • 409
  • 410/410S
• 900 Series
• Nickel Alloy Grade
  • Duplex 2205
  • Duplex 2207

By Application

• Construction
• Automotive
• Water Supply and Distribution
• Oil and Gas
• Petrochemical and Fertilizers
• Power Generation
• Others

By Outer Diameter

• 4 – 36mm
• 36 – 60 mm
• 61 – 150 mm
• 151 – 500 mm
• 500 – 1000 mm

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & 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 is 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 5,000 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
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The global car air freshener market size is predicted to expand at a CAGR of over ~3.6% throughout the forecast period of 2022-2032. It is expected to be valued at US$ ~3,178.2 Million by the end of 2032 and reach ~US$ 2,233.7 Million in 2022.

Because the car air freshener market continues to grow, we can primarily attribute its progress to industry leaders who come up with new product range and types of fragrances. The dimensionality of the consumers’ voter preferences by product form, type or even fragrance is stupendous and its expansion to spatial dimensions is expected to become more and more exponential. That that has pulled the growth in the recent years to a considerable extent is the increased innovation that we have seen lately with so many new fragrances introduced.

Leading manufacturers in the industry are actually introducing products from a strong fragrance to elegant aromas that appeal consumers based on their individual personality. In the last several years, consumers have become pickier about what they use as products. As a move to attract this rising trend among consumers, manufacturers are fortifying their products with ingredients that have natural origins.

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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, and Jiali among others.

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

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 5000 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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During the projected period, the market for compressors for refrigeration and air conditioning is anticipated to grow at a CAGR of 3%. In 2023, the market was valued at US$ 35.1 billion, and by 2033, it had grown to US$ 47.2 billion.

As per the findings of the report, the global refrigeration and air conditioning compressors market is expected to experience substantial growth during the forecast period due to multiple driving factors such as increasing retail stores across the globe.

East Asia to Offer Lucrative Opportunities

Europe and North America regions are projected to hold significant shares in the global refrigeration and air conditioning compressors market. However, the East Asia market is anticipated to project rewarding growth in the global refrigeration and air conditioning compressors market over the forecast period of 2022 to 2029.

This is driven by the rapid growth of the food & beverages industry coupled with the rising number of cold supply chain facilities and warehouses in the countries of East Asia such as China and South Korea.

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Additionally, macroeconomic factors such as urbanization, growing population, increasing purchasing power of the middle-class population, and rising standard of living are some of the other factors that are boosting the growth of the refrigeration and air conditioning compressors market.

Residential Industry to Remain a Key Consumer of Refrigeration and Air Conditioning Compressors

The global refrigeration and air conditioning compressors market has been segmented on the basis of cooling capacity, types of compressors, their multiple applications, refrigerant, end-use, and regions such as North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East and Africa.

• By product, the rotary vane type of the refrigeration and air conditioning compressor segment is estimated to hold significant value shares of the global refrigeration and air conditioning compressors market.
• On the basis of cooling capacity, the less than 5 kW segment is projected to consume the majority share of the global automotive lighting market value. However, the 30 to 100 kW segment is estimated to project rapid growth in the global refrigeration and air conditioning compressor market.
• By application, the residential segment is estimated to hold a significant value share of the global refrigeration and air conditioning compressors market. This segment is likely to be prominent in the global refrigeration and air conditioning compressors market across all regions. However, the commercial segment is anticipated to grow at a high CAGR during the forecast period. Transportation and medical & healthcare applications are also growing at a moderate CAGR during the forecast period.

Other Essential Players in the Global Market are

• Emerson Electric Co.
• Danfoss Group
• Huayi Compressor Co., Ltd.
• Mitsubishi Electric Corporation
• Nidec Corporation
• Midea Group
• Panasonic Corporation
• LG Electronics, Inc.
• United Technologies Corporation
• MAYEKAWA MFG. CO., LTD.
• GEA Group AG
• Daikin Industries Ltd.
• CAREL Industries S.p.A

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Key Segments in the Refrigeration and Air Conditioning Compressors Market

Cooling Capacity:

• Less than 5 kW
• 5 to 30 kW
• 30 to 100 kW
• 100 to 300 kW
• 300 to 500 kW
• 500 to 1000 kW
• Above 1000 kW

Product Type:

• Rotary Vane
• Scroll
• Reciprocating
• Screw
• Centrifugal

Refrigerant Type:

• R410A
• R407C
• R404A
• R134A
• R290
• R744
• Others

Application:

• Residential
• Commercial
• Medical & Healthcare
• Industrial
• Transportation

End Use:

• Refrigeration
• Air Conditioning

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• 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 is 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 5,000 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 cosmetic pigments market is anticipated to reach around US$ 24.24 Billion by 2033, with a CAGR of 6.45% from 2023 to 2033. The cosmetic pigments market size is anticipated to be US$ 12.98 Billion in 2023.

The demand for them is expected to sky rocket if the use of cosmetic pigments becomes more widespread. Grooming of men is expected to be a growing segment in cosmetic pigment market in future.

There is a coincidence of the growth of the market ‘by-products’ with the appearance of paint shops (self-service) and the spending of clients on cosmetics. Cosmetics are known to use glitter and matte finishes, antiperspirants and pigmented formulas.

The collection of cosmetic pigments includes natural looking white shades, metallic shades and brilliant ones. The product enhances the appearance of formulations in various cosmetic products such as lipsticks and eye makeup. Cosmetic pigments market is positively influenced by growing fashion and entertainment industries as they will increase the demand of cosmetic pigments.

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Most recently, regional industrial expansion has advanced across the Middle East and the African continent, particularly in the development of manufacturing facilities. Economic and political instability in Latin America is additional problems that prevent the corporate growth of the cosmetic pigments market.

The changing lifestyle and increasing level of disposable income will cushion the market’s growth rate. As the GDP of emerging economies such as China and India rises, so does their standard of living. As a result of rising income levels and changing lifestyles brought about by urbanization, the demand for cosmetic pigments and personal care goods is skyrocketing.

Strict laws governing the usage of some pigments will slow the market’s expansion.

The usage of some pigments is subject to stringent regulations, which will slow the cosmetic pigment market expansion. Manufacturers of cosmetic pigments are expected to follow tight guidelines for cosmetics products. Labeling, packaging, and the ingredients used to make products are all subject to various restrictions.

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The Demand for Organic Cosmetics will Rise, Creating New Business Prospects

Several hazardous compounds are still used as cosmetic components. When multiple cosmetic goods are worn at the same time, these chemicals may have an adverse effect on human health and increase the chance of health difficulties.

As a result of increased public interest and market shifts in the cosmetics industry, cosmetic pigment manufacturers are looking for more natural and sustainable cosmetic emulsifiers. Organic pigments that are environmentally friendly and produced using sustainable methods are in high demand.

Asia Pacific Outlook

Due to the increasing adoption of organic pigments in cosmetics and personal care products there, Asia-Pacific is predicted to grow during the forecast period. People want to purchase goods that will enhance their overall appearance as they become wealthier. They are buying more cosmetics, which accounts for the increasing demand for cosmetic pigments that has been shown as well as the rising sales of cosmetic pigments.

Key Takeaways

• In the forecast period, the cosmetic pigments market segment with the biggest revenue share based on elemental composition is inorganic pigments.
• By application, the facial cosmetics category has dominated the market for cosmetic pigments in the forecast period.
• The greatest market share for cosmetic pigments in the forecast period, according to geography, is in Europe.
• The region of Europe generated 35% of the revenue share for cosmetic pigments in the forecast period.

Key Segments

By Elemental Composition:

• Inorganic Pigments
• Organic Pigments

By Application:

• Facial Makeup
• Eye Makeup
• Lip Products
• Nail Products
• Hair Color Products
• Special effect & Special Purpose Products
• Others

By Type:

• Special Effect Pigments
• Surface Treated Pigments
• Nano Pigments
• Natural Colorants

By Geography:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Recent Development

• To market satellite and optronic products with a scientific foundation to the global personal care market, leading chemical solutions provider BASF formed a strategic alliance with UK-based start-up siHealth Ltd in June 2019. The partnership should facilitate new technological developments in the personal care industry while accelerating BASF’s products.

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 5000 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 global premium cosmetics market is projected to have a high-paced CAGR of 6.14% during the forecast period. The current valuation of the premium cosmetics market is US$ 116.23 Billion in 2023. The value of the premium cosmetics market is anticipated to reach a high of US$ 210.92 Billion by the year 2033.

The new market segment has been adopted by people who want to move from the overcrowded market to the premium cosmetics as their consumer preference is changing. One of the major reasons that get people to the newly produced market segment is the well-educated and having different taste in cosmetics consumers who have more desire for quality products and authentic ingredients used in the production process and harmless side effects.

Moreover, the increased consumption of personal care and beauty products for attractiveness reasons by millennials ad Generation Z in addition to placing orders on cosmetics when none are close locally due to smartphones as well as high Internet penetration there will also be a strong growth during the forecast period.

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Digitalization is one of the primary forces influencing the premium cosmetics market. The increasing prevalence of social media and the internet serves as an important medium for brand recognition. Personalization in cosmetics is a growing consumer trend, aided by the flood of information available online.

Through new ingredients, cutting-edge performance, and attractive packaging, key brands are focused on redefining luxury cosmetics. Key players are also dedicated to animal welfare, having created the vegan replacements for carmine, which is likely to generate market opportunities and expand the global premium cosmetics market size. Regulations on the manufacture and use of premium personal care products have been established by the European Commission Cosmetics Directive (ECCD) and various state government bodies. On the other hand, the China Food and Drug Administration (CFDA) does not permit the use of new unregistered ingredients.

Consumer preferences for imported and branded cosmetics are influenced mostly by brand name, product safety, and price. The availability of a diverse selection of products, together with increased disposable income, is expected to fuel the premium cosmetics market size in the foreseeable future. The increased demand for natural cosmetics is likely to drive the premium cosmetics industry ahead. People feel that natural ingredients are safer for both human health and the environment because chemicals like parabens, phthalates, and sodium lauryl sulfate have been linked to health hazards.

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However, the availability of counterfeit cosmetic products, as well as tight government regulations on cosmetics, are projected to impede the growth of the worldwide premium cosmetics market during the forecast period. Moreover, the high cost of premium cosmetic products may restrain the market.

Key Takeaway:

• During the forecast period, North America is expected to account for the largest share of the global premium cosmetics market. The market in this region is expected to rise owing to the growth of innovative technologies has resulted in the creation of AI-powered mobile applications. Furthermore, key companies are committed to redefining luxury cosmetics through innovative formulae, cutting-edge performance, and appealing packaging.
• The vitamin supplements market in the Asia Pacific is predicted to develop rapidly, particularly in South Korea and India, during the projected period. This is attributed to players in the premium cosmetics sector relying largely on digital marketing tactics and social media advertising. Furthermore, the companies use high-quality components rather than artificial or synthetic additives.
• Owing to the increasing usage of sunscreens and body lotions, as well as increased demand for skin-brightening goods, the “skincare” product type is expected to hold the greatest revenue, through the forecast period.
• As the usage of network access or Wi-Fi connectivity to purchase products is becoming more common., the “online” distribution channel type, accounts for a significant share and is the most preferred type.

Competitive Landscape:

Through technological breakthroughs and numerous innovations, the global premium cosmetics market share is undergoing a transformative phase. The creativity that goes behind the development of premium cosmetics is expected to perpetually attract customers which provides immense opportunities for key providers to capitalize on such booming trends and introduce novel product lines. These factors are anticipated to expand the global premium cosmetics market size. The following companies are key leaders in the global market for premium cosmetics:

• Oriflame Holding AG
• Yves Rocher International
• Avon Products
• The Procter & Gamble Company
• Elizabeth Arden Inc.
• Dior Beauty
• Chanel Beauty
• Shiseido
• L’Oreal
• Estée Lauder
• Coty
• The Unilever Group
• Maesa Ecommerce Inc.
• Bare Essentials
• King Kylie LLC
• Christian Dior
• Anastasia Beverly Hills Inc.
• Stila Styles
• Huda Beauty
• MAC Cosmetics
• Sugar Cosmetics

Key Segments Profiled in the Premium Cosmetics Market Survey

By Product:

• Fragrance
• Makeup
• Haircare
• Skincare
• Others

By Nature:

• Natural & Organic
• Conventional

By Gender:

• Male
• Female
• Gender-Neutral

By Distribution Channel:

• Online
• Offline

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa(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 5000 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 global bathroom cabinets market is presently worth US$64.12 billion and is anticipated to expand at a CAGR of 8%. Bathroom cabinets have seen tremendous design and technology developments over the past few decades, and as a result, they will account for nearly 8% of the global market by 2033.

Durable-graded bathroom cabinets will match the needs of more and more customers who don’t want their designs to be used for a short but beautiful, and the most popular period of time. Thus, direct-to-consumer selling is the place of advantage for the new players as they completely control the supply chains.

The demand for bathroom wall cabinets is increasing because of the improvements in technology that have made them more durable efficient and having sufficient storage space. Recently, bathroom mirror cabinets with LED lighting are more and more popular. The use of infrared radiation to trigger LED lights has made them much more reliable because they can be controlled from a distance. In addition, corrosion-resistant alloys and LCD clocks have also become very popular recently.

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Due to increasing trends among homeowners toward customized bathrooms that meet each individual’s needs and preferences, homeowners are now looking for unique cabinet designs to accommodate their preferences. As governments invest in infrastructure projects, such as airports, railway stations, buildings, and shopping malls, market growth is also expected.

Residential renovations and remodeling’s, which are increasing throughout developed countries like Germany and the U.S., are expected to contribute significantly to growth in the coming years. As a result, consumers’ attitudes toward different types of bathroom cabinets will change, and the market is expected to grow in the future.

Key Takeaways from the Market Study

• Mirror bathroom cabinets are expected to grow at a CAGR of 4.6% through 2033.
• By 2033, the bathroom wall cabinets market is expected to grow at a CAGR of 5.7% during the forecast period.
• Approximately 73% of the global market is expected to come from the residential segment.
• Commercial segments are expected to grow at a CAGR of 7% between 2023 and 2033.
• According to projections, the Asia Pacific bathroom cabinet market will grow by 33% by 2033.

“Ever-growing construction industry and demand for smart bathrooms, minimal furniture, and commercial bathroom designs are likely to drive bathroom cabinet demand in the future,” comments an analyst at FMI.

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Competitive Landscape

Geberit AG, Roca Sanitario, S.A, Nilkamal Limited, Duravit AG, Laufen Bathrooms AG, W.Scneider+Co AG, HiB, Emco Group, Roper Rhodes Ltd, FAB Glass.

Through strategic partnerships, manufacturers can increase production and meet consumer demand, boosting revenue and market share. Using new technologies and products for the purpose of producing natural wood cabinets that will benefit end users. Developing strategic partnerships can help companies expand their production capacities. For instance,

• Among the largest cabinet manufacturers in the country, Essential Cabinetry Group intends to expand its operations in Greenville County. A $4.75 million investment by the company will result in the creation of 156 new jobs. Investment in Simpsonville, South Carolina is crucial for meeting our customer’s long-term needs, offering new opportunities to employees, and supporting the local community. A total of 750 kitchen and bath suppliers across the country are served by Essential Cabinetry Group, a build-to-order cabinetry manufacturer. There are three brands of cabinetry that are used by the company: Tedd Wood Fine Cabinetry, Executive Cabinetry, and Designers Choice Cabinetry.
• As an exhibitor at the Kitchen and Bath Industry Show, Kohler is showcasing its latest products for the kitchen and bath sector. Kohler offers luxury design brands, power, and hospitality products. A variety of new products will be presented at the Kohler booth, #W1100, including Kohler Lighting, Sterling, Kallista, Robern, and ANN SACKS. This collection of boldly adorned angular shapes is inspired by the grandeur of French Creole and Spanish Colonial architecture.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the bathroom cabinets market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the bathroom cabinets market analysis report by Type (With Mirror, Without Mirror), by Material (Wood, Metal, Others), by Product (Single Door, Multi Door), by Application (Residential, Commercial) and by Region – Global Forecast 2023-2033

Key Segments Covered in the Bathroom Cabinets Market Industry Survey

Bathroom Cabinets Market by Type:

• With Mirror Bathroom Cabinets
• Without Mirror Bathroom Cabinets

Bathroom Cabinets Market by Material:

• Bathroom Cabinets in Wood
• Bathroom Cabinets in Metal
• Other Bathroom Cabinets

Bathroom Cabinets Market by Product:

• Single Door Bathroom Cabinets
• Multi Door Bathroom Cabinets

Bathroom Cabinets Market by Application:

• Residential Bathroom Cabinets
• Commercial Bathroom Cabinets

Bathroom Cabinets Market by Region:

• North America Bathroom Cabinets Market
• Latin America Bathroom Cabinets Market
• Europe Bathroom Cabinets Market
• Asia Pacific Bathroom Cabinets Market
• MEA Bathroom Cabinets Market

FMIs Domain Knowledge in Consumer Goods

Our consumer goods consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the bathroom cabinets sector. Our expertise in recognizing the challenges and trends impacting the global bathroom cabinets industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

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 5000 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