Market Research Blog

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.

One of the key factors influencing growth in the car air freshener market is the expansion of product portfolios and the types of fragrances offered by key players in the market. The highly fragmented consumer preference in terms of product type, form, and fragrance type is evolving exponentially. Introduction of a wide range of fragrances on the back of increased innovation is also aiding towards growth since the last few years.

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Leading manufacturers in the market are offering products ranging from strong fragrances to elegant aromas, which is further attracting consumers based on their independent personality. In recent years, consumers have become increasingly particular about the products that they use. To cater to this increasing trend among consumers, manufacturers are infusing their products with naturally derived ingredients.

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
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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 new companies setting their feet as an extension of bigger online shopping brands are fueling the demand for dark stores. New and advanced delivery tracking systems make the process reliable, faster, and easier for the end user to get his package delivered.

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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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During the forecast period, the adoption of baby oral care is expected to grow at a Compound Annual Growth Rate (CAGR) of 2.3%. The market size for baby oral care is projected to increase from US$ 1.31 Billion in 2023 to US$ 1.64 Billion in 2033.

Several factors are anticipated to drive the growth of the baby oral care market. Modern parenting practices, coupled with increased access to childcare products and services, are contributing to the rising adoption of baby oral care products. Furthermore, top companies and government programs focusing on improving children’s health and well-being are running mass awareness campaigns, which are expected to further fuel market growth.

Leading market players are expanding their market reach and diversifying their product offerings by introducing innovative baby oral care products. Examples include bamboo toothbrushes and fruit-based, chemical-free toothpaste. These innovations cater to the growing demand for eco-friendly and natural oral care solutions for infants.

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However, the baby oral care sector faces challenges, particularly from counterfeit goods. Counterfeit products can be of poor quality and pose risks to consumer safety, while also negatively impacting brand reputation. Early childhood caries, a prevalent dental issue affecting a significant portion of the global population, with prevalence rates ranging from 60% to 90% according to the World Health Organization (WHO), highlights the importance of reliable and authentic baby oral care products.

The development of organised distribution channels, including supermarkets, hypermarkets, grocery stores, convenience stores, and department stores, is also offering manufacturers a lucrative opportunity for growth.

Key Takeaways from Market Study

• With a revenue share of more than 30.0%, the toothpaste sector dominated the market in 2021. In the upcoming years, the prevalence of cavities, gum disease, and tooth decay will increase, driving up toothpaste consumption.
• In 2021, the home segment’s revenue share was above 70.0% of the total market. In the long run, increased disposable income and spending on oral hygiene products will fuel market expansion. The home market makes the most use of oral care items.
• With a revenue share of more than 35.0% in 2021, the hypermarkets and supermarkets category dominated the industry. These markets bring together a wide range of goods from various brands.
• In 2021, Asia Pacific had a revenue share of about 35.0%, dominated the market. Long-term revenue growth will be highest in Asia Pacific due to its vast population and rising parental awareness of oral health, particularly in China and India.
• Europe, Latin America, and the Middle East and Africa are expected to see moderate revenue growth, owing to increased awareness of innovative oral hygiene products among individuals in many of these regions.
• Snazzy, a start-up in direct-to-consumer dental care, has secured $2.2 million in seed funding from YCombinator, Form Capital, Goodwater Capital, and ANIM Fund. Along with other investors, the round included Kunal Shah (founder of CRED), Bobby Goodlatte (angel investor at Stripe and Coinbase), Eric Idiahi (partner at Verod Capital), and others.

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Competitive Landscape

There are many domestic and foreign competitors in the fiercely competitive baby oral care sector. To improve their market positions, the firms are implementing strategic techniques like joint ventures, mergers and acquisitions, and product innovation. To help children’s dental health and oral motor skills, Safe-O-Kid, one of India’s fastest-growing baby product brands, introduced innovative Oral Care and Sensory Kits in July 2022. Children up to the age of 12 can buy the product.

Some of the Key Players Operating in the Baby Oral Care Market Include:

• Colgate-Palmolive Company
• Johnson & Johnson
• Church & Dwight Co. Inc.
• Unilever
• Proctor & Gamble
• Pigeon Corporation
• Anchor Group
• Oriflame
• Amway
• Dr. Fresh
• Chattem
• Dabur
• Splat Baby

Key Segments Covered in the Baby Oral Care Market Report

By Product:

• Toothpaste
• Toothbrush
• Denture Products
• Mouthwash
• Others

By Application:

• Home
• Dentistry

By Distribution Channel:

• Hypermarkets/Supermarkets
• Specialty Stores
• Online Retailers
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• 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 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 market for pneumatic actuators is expected to be valued US$ 16.64 billion in 2023. From 2023 to 2033, the market is anticipated to expand at a slow but steady CAGR of 4.8%. This should result in a US$ 26.51 billion market valuation in 2033.

Over a period of time, the application of pneumatic actuators grew exponentially across various sectors such as industrial automation, offshore, and transportation among others. Despite some setbacks faced by the market in 2020 amidst the Covid-19 period but steady recovery of the key applications was witnessed in order to regain the momentum in the market.

As per the Future Market Insights (FMI) report, the United States, Germany, India, China, and a few other countries will emerge as lucrative while 20+ countries will maintain a positive market outlook throughout the forecast period.

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Key Takeaways From the Market Study:

• Sales of pneumatic actuators surged rapidly over the past decade with the surge in for rack & pinion and scotch yoke type of pneumatic actuators. Various advancements in the manufacturing sector and the expansion of key application sectors such as mining, transportation, and others further propelled growth in the market.
• According to FMI studies, the global pneumatic actuator market expanded at over 4% CAGR during the last 5 years from 2016 to 2020. As the prominent application sectors are gaining traction the demand for pneumatic actuators is subject to see an opulent growth creating ample opportunities for the key players.
• There is a reasonable increase witnessed in the demand for double-acting type pneumatic actuators which is further bolstering the growth of suppliers. According to FMI, the global pneumatic actuator market is set to ascend at over 5% CAGR through 2031.
• The pneumatic actuators are basically mechanical devices that use compressed air in order to convert energy into mechanical motion. Due to its widespread application in the transportation sector, the accelerating recovery in this sector is expected further push the demand-supply graph for pneumatic actuators upward in the coming years.

Key Companies Profiled:

• SMC Corporation
• ABB Ltd.
• Elfor Controls Srl.
• Habonim Industrial Valves & Actuators Ltd.
• Johnson Controls Inc.
• Parker Hannifin Corp
• Metal Works SPA
• IMI Precision- Norgren
• Camozzi SPA
• Bosch Rexroth AG
• Flowserve Corporation
• Omal S.P.A
• Air Torque S.P.A
• Emerson Electric Co. Ltd.
• Actreg S.A.
• Bray International Inc.
• Enoglass Bonomi S.P.A.
• Metalurgica Varb
• Festo AG & Co. KG
• Rotark Plc.

The global pneumatic actuators market is highly competitive and thriving on the revenues of the leading players. In order to capitalize on the new opportunities, key pneumatic actuator market players are launching quality products more frequently.

More Insights into the Pneumatic Actuator Market

The United States has emerged as a dominant market in the North American region over the past decade and is expected to maintain its dominance throughout the forecast period. Highly advanced industrial automation, transportation, and offshore sectors are boosting the sales of pneumatic actuators in the U.S.

The European market is anticipated to showcase bolstering growth in the global pneumatic actuator market. Germany is likely to lead over the forecast period. Surging demand for duty pneumatic actuators coupled with the highly advanced transportation sector is fueling the sales of pneumatic actuators in Germany.

China is expected to generate maximum growth in the Asia Pacific accounting for the world’s fastest-growing pneumatic actuator industry throughout the forecast period. Highly developed manufacturing units and growing demand from the transportation and industrial sectors are spearheading the growth of pneumatic actuator suppliers in China.

As per a report published by the Ministry of Transport of the People’s Republic of China in 2016, the Chinese Government prioritized the transportation sector of China since 1992 by setting a reformation goal.

Over the past few years, India has become a potential market for pneumatic actuators and is expected to grab onto the position during the forecast period.

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Pneumatic Actuator Market Segmentation by Category

Product Type:

• Rack and Pinion Pneumatic Actuator
• Scotch Yoke Pneumatic Actuator

Capacity:

• Light Duty Pneumatic Actuator
• Heavy Duty Pneumatic Actuator

Operation:

• Double Acting Type Pneumatic Actuator
• Spring Return Type Pneumatic Actuator

Application:

• Industrial Automation
• Transportation
• Mining
• Offshore
• Others

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 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 main factor driving the adoption of premium cosmetics is changing consumer preference away from conventional or mass-produced cosmetics and toward premium cosmetics due to increased public awareness regarding premium ingredients and their good benefits on the skin. In addition, the rising use of personal care and beauty products for visual appeal by millennials and Generation Z, as well as individuals checking and purchasing products online while on the go due to smartphones and rising Internet penetration, are expected to drive the premium cosmetics market share 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.

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.

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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
LinkedIn| Twitter| Blogs | YouTube

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.

Over the forecast period, high-quality bathroom vanities will be able to serve ever-increasing numbers of discerning consumers with their growing desire for elegant, stylish, modern, and fancy bathrooms. Market entrants can take advantage of the lack of rigid supply chains with direct-to-consumer sales.

Advances in technology have made bathroom wall cabinets more durable, and efficient, and have plenty of storage space, so the market demand for them is expected to increase. Bathroom mirror cabinets with LED lighting are gaining an increasing amount of popularity in recent years. The use of infrared devices to activate LED lights has made them more reliable since they can be remotely controlled. Furthermore, alloys that resist rust and LCD clocks have also gained a lot of popularity in recent years.

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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.
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Suite 401, Newark, Delaware – 19713, USA
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The nut butters market is expected to develop at an impressive 8.7% CAGR from 2023 to 2033, outpacing the lower 3.3% CAGR witnessed between 2018 and 2022. Such a positive forecast suggests a robust and flourishing market, with the market value projected to surge from US$ 1.20 billion in 2023 to US$ 2.76 billion by 2033. The higher CAGR reflects the growing consumer preference for nutritional and plant-based alternatives, fueling the market’s demand for various types of nut butter.

The nut butters industry has grown significantly in recent years, owing to various causes. One of the main drivers is the rising health consciousness among consumers, coupled with the increasing popularity of plant-based diets. As a result, there has been a surge in the demand for nut butter. These spreads are known for their high protein content, good fats, and essential nutrients. This makes them a favored choice among health-conscious individuals.

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The convenience and versatility of nut butter have also played a significant role in driving its commercial development. Nut butter can be easily incorporated into various dishes. This makes them an excellent choice as a spread on toast or sandwiches. They can also be enjoyed as a standalone snack. This adaptability appeals to customers seeking convenient and nutritious eating alternatives, further contributing to the growing popularity of nut butter in the market.

The nut butters industry presents promising development opportunities, but several restraints also impact it. On the positive side, there is a growing consumer awareness of the health benefits associated with nut butter. The expansion of retail distribution channels is also contributing to its growth. Additionally, the introduction of new flavors and product variants is playing a significant role in its popularity.

There are certain challenges, however, that need to be addressed. The relatively high cost of nuts could potentially impact the affordability of nut butter for some consumers. Moreover, the prevalence of nut allergies poses a risk and may limit the potential market base for these products. Overcoming these obstacles will be crucial to sustaining the market’s growth and ensuring a broader reach for nut butter products.

Companies are prioritizing product diversity to capitalize on the prospects in the nut butters industry. They are also catering to various dietary choices and providing allergen-free solutions. Furthermore, they are investing in successful marketing techniques to educate customers about nut butter’s nutritional value and versatility. Moreover, companies are actively expanding their presence into developing nations, and to ensure wider accessibility, they are enhancing their distribution networks. These collaborative efforts are expected to propel the market’s growth trajectory, creating a favorable environment for sustained success in the nut butter industry.

Key Takeaways 

• As of 2022, the United States has captured a significant 18.1% share of the global nut butters industry, demonstrating its substantial presence and influence in the industry.
• The nut butters industry in the United Kingdom is anticipated to grow at a CAGR of 6% by 2033, fueled by the increasing health consciousness among consumers and the growing demand for plant-based protein alternatives.
• India is poised to witness robust growth in the nut butters industry, with a projected CAGR of 9.6% through 2033, spurred by the increasing adoption of healthy snacking habits among consumers and the rising popularity of nut-based spreads as nutritious alternatives.
• China’s nut butters industry is forecasted to experience substantial growth, with a projected CAGR of 7.2% by 2033. This growth reflects the shifting customer preferences towards natural and healthy food items.
• As of 2022, Japan’s nut butters sector has successfully secured a notable 5.6% market share in the global market. This market share reflects the growing popularity and demand for nut-based products among consumers in Japan.

Competitive landscape:

The nut butter market is fiercely competitive, with numerous prominent players vying for market share. Justin’s, Barney Butter, Jif, Skippy, and MaraNatha stand out as some of the renowned contenders. Each of these brands offers distinctive products and flavors to cater to the diverse preferences of consumers. These competitors continuously strive to innovate, introducing new flavors, product types, and packaging styles to meet consumers’ evolving tastes and preferences. By staying at the forefront of innovation, these companies aim to retain their market positions and attract a loyal customer base in this highly competitive industry.

Recent Developments:

In January 2023, WOW Life Science made a groundbreaking debut by introducing India’s inaugural peanut butter infused with a blend of ‘superfoods.’ Their latest offering includes two enticing variants: the first one contains a mix of “super seeds” like chia, sunflower seeds, pumpkin seeds, and watermelon seeds, while the second variant features roasted chana powder or sattu.

In August 2022, GOOD Brand announced the upcoming launch of their new peanut butter spread. This product is already on shelves in the United States and is going to be soon introduced to the markets in Canada, the United Kingdom, and Europe. Notably, the peanut butter boasts an impressive feature of being 99% sugar-free, with absolutely no added sugar.

Key Companies Profiled

• The J. M. Smucker Co. (USA)
• Bliss Nut Butters (USA)
• Barney & Co. California, LLC (USA)
• Barney Butter (USA)
• Once Again Nut Butter (USA)
• CACHE CREEK FOODS (USA)
• Hormel Foods Corporation (USA)
• Hain Celestial (USA)
• Funky Nut Company (United Kingdom)
• NuttZo Co (USA)
• Krema Nut Company (USA)
• Others

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Nut Butters industry Segmentation

By Type, Nut Butters Market is Segmented as:

• Cashew
• Hazelnut
• Peanut
• Almond
• Others

By Category, Nut Butters Market is Segmented as:

• Organic
• Conventional

Based on End-Use Industry, Nut Butters Market is Segmented as:

• Food
• Bakery
• Confectionary
• Ice-cream Parlour
• Snacks
• Chips
• Cosmetics and Personal Care
• Hair Care
• Skin Care
• Eye-Care
• Color Cosmetics
• Toiletries
• Pharmaceuticals
• Nutraceuticals
• Dietary Supplements
• Functional food

Based on Sales Channel, Nut Butters Market is Segmented as:

• B2B
• B2C
• Store-based Retailing
• Hypermarket/Supermarket
• Specialty Stores
• Discount Stores
• Modern Grocery Stores
• Traditional Grocery Stores
• Other Store-based Retailing
• Online Retailing

By Region, Nut Butters Market is Segmented as:

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

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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By 2033, the takeaway dinner market is expected to grow at a 7% CAGR and reach US$ 514.7 billion. This gastronomic revolution is sparked by urbanization, internet meal delivery, changing nutritional choices, and technology improvements. Convenience and flavors come together as drones deliver mouthwatering treats.

Takeaway dinners are increasingly necessary as urbanization continues to soar and the need for quick meals rises. This tendency is amplified by online food delivery services, which make it simple for people to savor their preferred restaurant meals at home. At the same time, changing dietary tastes give takeaway dinner providers the chance to cater to people who are concerned about their health and are looking for quick and simple meals.

The scene is being further altered by technological breakthroughs, with novel approaches like drone delivery simplifying and improving efficiency. Despite the market’s potential for growth, intense competition continues to be a problem, particularly for new entrants trying to find their niche. Additionally, delivery fees may be a deterrent for consumers on a budget, and food safety events may raise concerns among potential clients. Takeaway dinner suppliers can grow their reach and keep on top of trends by developing unique products and services, tapping into unexplored areas, and forming strategic alliances.

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Key Takeaways

• With a significant growth rate of 9.6%, the United States outperforms the competition, demonstrating a robust market and high demand for takeaway meals.
• With a close second at 7.0%, China has a strong hunger for takeaway meals, which reflects the nation’s evolving lifestyle and urbanization tendencies.
• India’s strong 9.6% growth rate demonstrates the country’s population’s growing desire for takeaway meals, which is being fueled by convenience and shifting customer preferences.
• Comparatively slower growth rates, ranging from 2.6% to 6.6% in Germany, Japan, Australia, and the United Kingdom, point to a stable but slower growth of the takeaway dinner market in these nations.

Competitive Landscape

The takeout dinner market is characterized by high competition, fueled by the growing popularity of online food delivery, the increasing number of restaurants offering takeout options, and the entry of new players. Online platforms have transformed the way consumers access and choose their meals, intensifying the race among restaurants to attract customers. With the market becoming more crowded, businesses are compelled to differentiate themselves and deliver exceptional experiences to stay competitive. The influx of new entrants brings fresh perspectives and innovation, further driving the need for established players to adapt and innovate. In this dynamic landscape, success lies in navigating the competitive environment, meeting evolving consumer demands, and consistently delivering on convenience, variety, and quality.

GrubHub:

One of the top companies in the market for takeaway meals is Grubhub. Over 4,000 cities in the United States and Canada are served by the business. Numerous capabilities are available through Grubhub, such as online ordering, delivery, and pickup. For its large selection of eateries and simple ordering method, Grubhub is well-known.

DoorDash:

Another significant player in the market for takeaway meals is DoorDash. The business is active in more than 4,000 American communities. A few of the things that DoorDash offers are online ordering, delivery, and pickup. Fast delivery times and a sizable network of drivers are two things that DoorDash is renowned for.

UberEats:

The market for takeaway dinners is heavily dominated by Uber Eats. The business is active in more than 6,000 cities across more than 40 nations. Numerous features are available through Uber Eats, such as online ordering, delivery, and pickup. Because of its connection with Uber and global presence, Uber Eats is well known.

Key Developments

• The market for takeaway dinners is expanding as a result of the emergence of online food delivery. Consumers now have a seamless experience purchasing takeaway meals because to the accessibility and convenience offered by online food delivery platforms, which is driving the market’s growth.
• A rise in the popularity of healthy takeaway dinners is a result of the increased emphasis on healthy eating. Providers of takeaway dinners are responding to this need by providing a wide variety of nutrient-dense options, allowing customers to make better decisions while still taking advantage of the convenience of takeaway meals.

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Key Segments

By Nature:

• Vegetarian
• Non Vegetarian
• Vegan

By Payment Type:

• Cash
• Debit Cards
• Credit Cards
• Digital Wallets

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East and Africa
• Oceania
• Electronic Bank Transfers

By Cuisine Type:

• Thai
• Italian
• Chinese
• Japanese
• Mexican
• Indian
• Greek
• American
• Others {Spanish, Mediterranean}

By Business Type:

• Chain Food Service
• Independent Food Service

By Purchase Model:

• Direct to Consumer
• Platform to Consume

By Region:

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

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 market for centrifugal pumps is anticipated to be worth US$ 33 billion in 2023 and US$ 60 billion by 2033. Centrifugal pump use is anticipated to grow at a CAGR of 6.2% over the forecast period.

The construction vertical is witnessing tremendous growth, which is expected to take the centrifugal pump market to a new ‘high’ going forward. It is connected in several industry verticals for transferring liquids efficiently in bulk volumes and delivering optimum dynamic head as well as flow rates to fluids.

Centrifugal pump is subject to pump diverse fluids that contain numerous impurities. These may, in turn, hamper the productivity of the system on the whole. Several industry participants have obtained success in demonstrating advanced technologies such as the IoT, network-based monitoring, and several others for remotely diagnosing fault conditions. On these grounds, KSB did present its novel platform called ‘KSB guard’ for monitoring pump systems using various network sensors at ACHEMA held in Germany.

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At the same time, the fact that these pumps operate by rotation of impellers in place of imparting suction power for pumping liquid out of and in the systems can’t be ignored. Priming could minimize intake of air, thereby generating weak pull. Cavitation results out of vaporization of water in the pumps owing to the systems’ higher speed. The bubbles’ higher rotation rate and implosion could cause corrosion in impellers and pump casing; thereby restraining the market.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Centrifugal Pump Market’. It has a team of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With commercial & residential infrastructure at its peak, the global centrifugal pump market is expected to grow graciously in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from the Centrifugal Pump Market

• North America holds the largest market share with the US being subject to an excessive need for water in the wake of depletion of subterranean water reservoirs.
• The MEA is expected to grow at a substantial rate in the centrifugal pump market in the forecast period due to new-fangled investments in oil & gas sector. Plus, there is an ever-increasing emphasis on generating more power.
• Europe holds a sizable market share on the back of growing deployment of space cooling and heating systems along with setting up new power plants in the UK, France, Russia, Germany, and Italy.
• The Asia-Pacific is expected to grow at a rapid pace in the centrifugal pump market with manufacturing and processing verticals growing manifold. The torchbearers include India, China, Australia, Japan, and Southeast Asian countries.

Competitive Analysis

• WILO USA, in November 2020, did inaugurate its new HQ at Cedarburg (Wisconsin).
• Xylem, Inc., in April 2021, entered into partnership with Esri (a leader in location intelligence). They do serve utilities all across. Working together, they would be pursuing joint technical road mapping, collaborative selling, joint marketing, and solution development.
• Kirloskar Brothers, in June 2021, announced launching a novel manufacturing device – Advanced technology Product Division for nuclear end-use applications inclusive of specialized pumps.
• Sulzer, in November 2020, inked a contract with Ringkobing-Skjern Fosyning A/S (Danish Water Utility Firm) for providing pumps for Denmark’s main flood defense project. As such, the company has built 2 novel pumping stations for mitigating rising water levels during drainage, rain, and cloudburst water. It would thus be supplying an XFB baseload pump with 3 VUPX peak load pumps for Ringkobing pumping station.
• IDEX Corporation, in April 2021, inked a definitive agreement for acquiring Airtech Group Inc., US Valve Corporation, and entities concerned from the investment funds managed through EagleTree Capital for cash consideration of US$ 470 Million. The company designs as well as manufactures a broad spectrum of engineered pressure technology inclusive of regenerative blowers, centrifugal pumps, valves, and compressor systems.
• Alfa Laval AB, in September 2020, signed a contract for supplying two FPSO (Floating, Production, Storage, and Offloading) vessels to Framo pumping systems. These orders do have total value of close to SEK 130 Million. These two orders constitute centrifugal pumping systems for seawater lift services and firewater services.

Ebara Corporation, Flowserve Corporation, Grundfos, Wier Group, KSB Group, Shakti Pump, Tsurumi Manufacturing Co., Ltd., DESMI A/S, WPIL Limited, HERMETIC-Pumpen GmbH, Klaus Union GmbH & Co. KG, Ruhrpumpen Group, HOMA Pumpenfabrik GmbH, CP Pumpen AG, Toyo Denki Industrial Co. Ltd., and Speck Pumpen Walter Speck GmbH & Co. KG are some prominent players in the centrifugal pumps industry

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Centrifugal Pumps Market by Category

By Product Type:

• Single Stage Pump
  • Small
  • Medium
  • High
• Multi Stage Pump
  • Small
  • Medium
  • High
• Axial & Mixed Flow Pump
  • Small
  • Medium
  • High
• Submersible Pump
  • Small
  • Medium
  • High
• Seal Less & Circular Pump
  • Small
  • Medium
  • High

By Application Type:

• Industrial Centrifugal Pumps
  • Oil & Gas
  • Chemical
  • Water & Wastewater
  • Food & Beverage
  • Pharmaceutical
  • Power
  • Others
• Agricultural Centrifugal Pumps
• Domestic Centrifugal Pumps

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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
LinkedIn| Twitter| Blogs | YouTube