Flatware Market – Rising Popularity of Stainless Steel Flatware Due to the Associated Health Benefits

The flatware industry has evolved over the years as it not only enhances the dining experience but also the aesthetics of the kitchen. Being an indispensable part of tableware, the demand of flatware is anticipated to remain sound in the global flatware market, which is anticipated to record steady growth over the year to come.

Factors such as changing lifestyle, increased willingness to spend luxury flatware, robust growth of the hospitality sector along with rising product visibility across multi-retail outlets and online platforms are underpinning the flatware market growth.

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Flatware Market – Key Trends

Leading manufacturers in the global flatware market are witnessing the rising popularity of stainless steel flatware due to the associated health benefits. Manufacturers are focusing on offering the best every day and luxury flatware set, designed as per the preferences of the consumers. For instance, Cambridge Silversmiths have launched Julie satin flatware all-purpose lightweight flatware that has a classic silhouette with clean lines.

Sales of flatware are also substantially influenced by consumer’s preference towards European or American Style flatware. Traditional ways of shopping and price difference in local retail outlets and online platforms are substantially driving the flatware market growth. An extensive range of flatware has mushroomed on online stores in recent years.

Growing internet penetration in rural areas, quicker and trusted delivery by several online portals, and replacement possibilities are further driving the segment. Additionally, millennials and Gen Zers cohort with hectic schedules opt to purchase online instead of offline because of easy access and doorstep delivery.

Flatware Market – Growth Restraints

The environmental threat on account of inappropriate disposal of plastics is a major concern for the government and several agencies. This is estimated to arise as the most prominent market constraint. Additionally, increasing raw material costs might hinder market growth over the assessment period.

COVID-19 Impact on Flatware Market

COVID-19 pandemic has led towards nation-wide lockdowns and the shutdown of the majority of retail stores across nations affected sales of flatware. The crisis, however, has escalated sales of flatware via e-commerce distribution channels.

Regional or local players who were yet to enter the online ecosystem are facing the forceful switch to e-commerce distribution channels. Sales through e-commerce channels will help to keep the flatware industry afloat as consumers are increasingly avoiding in-store purchases. Such factors are projected to bring the flatware market back on track in the coming months.

Flatware Market – Region-wise Analysis

Europe is anticipated to gain market prominence in the global market due to its higher adoption, particularly in Western European nations such as France, Italy, and Germany. Over the years to come, the regional growth is projected to be fueled by the unsaturated Eastern European region. Additionally, increased usage of a different kind of flatware is boosting sales in the region.

Asian regions are anticipated to witness rapid growth due to increased implementation of cutlery in nations such as China, which accounts for the majority of the market share in the region. North America will be the second biggest region in the global flatware market in terms of market share due to the rising spending power of consumers.

Flatware Market – Competitive Analysis

Some of the prominent companies identified in the global flatware market are John Boos & Co., BergHOFF, Picnic Time, Inc., KYOCERA International, Inc. Melange, and Picnic at Ascot. The market is moreover fueled by design innovation, joint ventures, and mergers and acquisitions. For instance,

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Italian Flatware maker Merpa took over Punto Soave an artisan-based tabletop manufacturer. The acquisition will help the company to upgrade its design by using Punto Soave’s proficiency in wood, glass, porcelain, and ceramic, and not limiting itself to PVD and metal.

WNA (Waddington North America) launched Reflections Renew, an assembling of silver-look knives, forks, and spoons with PCR (post-consumer resin). The manufacturer is producing metalized plastic cutlery with 20% recycled PS. Arbor Investments acquired Steelite International a manufacturer of melamine, flatware, glassware, dinnerware, buffet ware, and accessories. The acquisition will help accelerate growth through an increase in market presence.

Global Flatware Market: Key Players (this is an indicative list – full list of key players available upon request)

  • Big Tree Furniture & Industries, Inc.
  • WorldKitchen, LLC
  • Ginsu
  • Zwilling J.A.
  • Henckels
  • Hampton Forge
  • KitchenAid
  • Safavieh LLC

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Flatware Market – Market Segmentation

By Product Type

  • Plastic
  • Stainless Steel
  • Silver
  • Gold

By Distribution Channel

  • Online
  • Offline

By Application

  • Public Consumption Restaurant
  • High-end Restaurant

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Latest Updated Report of Food Preservatives Market 2022-2032 SWOT Analysis, Industry Trends, Analysis by FMI

Future Market Insights (FMI) delivers key insights on the global food preservatives market in its latest Research report titled “Food Preservatives Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020“. The global food preservatives market is anticipated to expand at a CAGR of 3.5% in terms of value during the forecast period due to various factors, regarding which FMI offers fundamental insights in detail in this report.

On the basis of application, the market has been categorized into bakery, beverages, dairy and milk products, meat and poultry and sea food, and others. The meat, poultry and sea food segment has dominated the food preservatives market over the years, since these food products are an integral part of human food habits. Manufacturers use food preservatives in these products to: extend shelf life, meet the continuous demand and increase production of processed food. The meat, poultry and sea food segment is expected to dominate the food preservatives market in the coming years, though the market is expected to fall from share of 27.9% in 2013 to 27.3% in 2020 in value terms. The food preservatives market used in other products, such as oil and fat, jams and syrup among others, is expected to expand at a CAGR of 4.1% in value terms from 2014 to 2020.

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Growth of the global food preservatives market is majorly driven by increasing demand for food products with extended shelf life. In addition, widening distribution channels and increasing demand for natural and organic food are some of the other factors contributing towards the market growth. High demand for processed foods and increasing awareness about food safety is driving the global food preservatives market currently. Synthetic is presently the fastest growing segment of the global food preservatives market. Healthy eating trends and preferences for quality food are fuelling the demand for food preservatives globally.

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This report covers drivers, restraints and opportunities that are driving each segment and respective sub-segments of the market, and offers analysis and insights about the potential of the food preservatives market in specific regions. By region, the global food preservatives market was dominated by North America, which held the largest value share of 36.5% of the food preservatives market in 2013, and the region is expected to maintain its dominance in the coming years as well. Currently, manufacturers use preservatives during food processing to prevent spoilage during transportation and to increase the shelf life of foods. The market is witnessing growth due to changing eating patterns and busy lifestyles. Asia Pacific is currently the second largest market for food preservatives after North America. Food preservatives are used for various purposes, including chelating agents and anti-spoilage. In addition, food preservatives are also used as shelf life enhancers, antioxidants and antimicrobials, and enzyme attackers. Increasing demand and trade of food products worldwide is fuelling the Asia Pacific food preservatives market currently. Increasing demand for bakery products, beverages, meat and dairy products is creating a positive impact on the food preservatives market. Changing lifestyles and food patterns are also driving the Asian food preservatives market currently.

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Key competitors covered in the report are BASF SE, Cargill Incorporated, Celanese Corporation, Chr. Hansen A/S, Corbion N.V., DuPont, JEY’S F.I. Inc, Kerry Group, Koninklijke DSM N.V and The Archer Daniels Midland Company. These companies are focusing on developing new products and improving the quality of their existing products through research and development activities. The manufacturers are also focusing on geographical expansion in order to gain a competitive advantage.

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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Hiking Backpacks Market is Anticipated to Witness Checkered Growth

The hiking backpacks are specially designed for various applications such as comfortable day hikes or short overnight trips. The hiking backpacks mainly used for outdoor recreational activities such as camping, hiking, and trekking.

The increasing demand for sporting activities and the younger population, particularly millennials drive the market for hiking backpacks.

Also, hiking backpacks made of aluminum or other durable materials to equally distribute load on shoulders and hips, and making them easy to carry for several hours. The hiking backpacks offer various benefits such as ultralight, good back ventilation, and easy to reach water bottles inside pockets, nearly waterproof, among others.

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Impact of COVID-19 Pandemic Outbreak on Hiking Backpacks Market

The clothing, backpacks, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide.

The expected decline in the global sales of clothing, backpack, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India.

Owing to the spreading of COVID-19 virus in all the regions are shutting down all the tourist places, trekking, and sports activity and different verticals demand-side challenges for the hiking backpacks, it registering a declining growth of -2.5% as compared to original forecast 6% in 2019.

However, it is expected to the COVID-19 pandemic situation gets controlled during Q3-Q4, 2020, the market return to annual growth in 2021 up to 6% as the growing trend of adventure tourism, and increasing consumer participate in hiking activities.

Hiking Backpacks Market: Drivers and Challenges

The growing need for hiking backpacks for the increasing popularity of outdoor recreational activities, comfortable to transport, which drives the hiking backpacks market.

The hiking backpacks offer different features such as a lightweight, customizable, affordable, and good pocket organization. The reliability of such features driving the growth of the hiking backpacks market.

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Moreover, the rising demand for hiking backpacks for increasing participation in outdoor activities is propelling the demand for hiking backpacks market. Hiking backpacks are also used for trekking and other adventure purposes.

The growing consumer attraction towards various outdoor sports and different adventure is boosting the demand for hiking backpacks market.

Challenges

However, average weather protection and one mesh hip-belt pocket lack durability are witnessed challenging the growth of the hiking backpacks market.

Restricted demand for the product across various countries, owing to the additional cost and size of the hiking backpacks required across various industry verticals in the respective countries, is another factor hindering the growth of the global hiking backpacks market.

Hiking Backpacks Market: Competition Landscape

  • Cosmus Bags Private Limited
  • AMG Group
  • Deuter Sport GmbH
  • Osprey Packs, Inc.
  • Wildcraft

Hiking Backpacks Market: Regional overview

By geography, the hiking backpacks market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and MEA (the Middle East & Africa).

Among these regions, North America, & Europe have held comparatively higher market shares in the global hiking backpacks market due to the presence of hiking backpacks manufacturers and strong end-use industry verticals demanding the hiking backpacks in this regions.

The growing consumer attraction towards different treks across the South Asia & Pacific region will create new growth opportunities for the players in the hiking backpacks market.

The hiking backpacks market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The hiking backpacks market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

  • Hiking Backpacks Market Segments
  • Hiking Backpacks Market Dynamics
  • Hiking Backpacks Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Technology
  • Value Chain of the Market
  • Hiking Backpacks Market Drivers and Restraints

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, Italy, U.K, Spain, France, BENELUX, & Russia)
  • East Asia (China, South Korea, & Japan)
  • South Asia & Pacific (India, ASEAN, Australia & New Zealand)
  • Middle East and Africa (GCC Countries, Turkey, South Africa)

Hiking Backpacks Market: Segmentation

The hiking backpacks market has been segmented on the basis of type, distribution channel, application and region.

On the Basis of Distribution Channel

  • Specialty stores
  • Retail stores
  • Online

On the Basis of Type

  • Day Packs
  • Backpacking Packs
  • Travel Bags

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Travel Accessories Market is Growing Due to Increasing Disposable and Per Capita Income

The global Travel accessories industry is ever changing where the old ones go obsolete as the new trend or fashion enters the market. Travel accessories are utilized for tourism, personal, and also for business travels.

Travel accessories/goods include travel bags, travel outfits, business cases, electronic accessories, personal leather goods, toiletries, food box, travel pillow and blanket and locks amongst which travel bags holds the prominent share in the market.

Some of the travel accessories can also be seasonal. Travel Bags can be further classified as luggage bags, sport bags, backpacks and others. Backpack is expected witness highest CAGR as compared to other types of bags.

Nowadays, travel agencies assists consumers to choose between travel accessories. The overall travel accessories market is expected to grow at high rate in the coming decade, given the increasing discretionary income and growing international travel.

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Global Travel Accessories Market: Dynamics

Increasing disposable and per capita income in most of the developing countries is the key factor driving the tourism industry and thereby the travel accessories market.

Moreover, increasing trend amongst the millennial about travelling to maintain mental and physical health is further expected to push the market in upcoming future. Increasing number of business travellers at regional and international level is anticipated to bolster the market.

Various countries are promoting tourism while others are promoting international business due to which the international travellers increase and this is projected to impact the travel accessories market positively With increasing demand and changing trends in travel accessories, price of travel accessories is moving north which may act as a restraint to the market.

COVID-19 Impact on Travel Accessories Market:

The tourism industry is impacted utmost by the rapid outbreak of coronavirus (COVID-19) related health crisis. The pandemic continues to expand and affect the world. The potential impacts of COVID-19, including delays in the production lines, supply chain disruption, lockdowns has restricted the consumer to travel across the region or country.

In most of the countries the tourist places have been closed to decrease the spread of the disease. Business travelling is also impacted to significant extent due to COVID-19.

The travel accessories market has fallen to show negative growth due to ongoing pandemic; however, the market is expected to robust in upcoming future with demand expected to pick up again by first quarter of 2021.

Global Travel Accessories Market: Regional Outlook

Asia-Pacific region is expected to dominate the global travel accessories market and is projected to continue its dominance over forecast period owing to increasing consumer spending in countries such as China and India. Japan and ASEAN region also have the significant consumption of travel accessories.

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U.S. is largest aviation market while China is projected to be the largest aviation market in future. With growth in aviation industry, the demand for travel accessories is also expected to increase. Most of the European countries have high budget for travel and tourism as compared to other regions and also promotes tourism activities.

Global Travel Accessories Market: Market Participants

Distribution channel plays a key role for the sales of travel accessories. Key players’ focuses on online distribution channel as the adoption of online services is at high rate. The manufacturers also tie-up with travel agencies for long term supply.

The prominent players in the market also focuses on delivering compact lightweight accessories with enhanced performance to attract large customer base.

Some key players involved in the Travel Accessories market include:

  • ACE Luggage Co. Ltd
  • ExOfficio, Magellan’s
  • MCM Worldwide
  • Nike Inc.
  • TravelSmith Outfitters
  • VIP Industries Ltd.
  • SINOX COMPANY LTD.

The research report presents a comprehensive assessment of the Travel Accessories market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Travel Accessories market segments such as product type, intensity and end-use industry.

The report covers exhaustive analysis on

  • Travel Accessories Market Segments
  • Travel Accessories Market Dynamics
  • Travel Accessories Market Size
  • Travel Accessories Market Volume Sales
  • Travel Accessories Market Adoption Rate
  • Travel Accessories Market Current Trends/Issues/Challenges
  • Travel Accessories Market Competition & Companies involved
  • Travel Accessories Market Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Russia)
  • South Asia (India, ASEAN)
  • East Asia (China, Japan, South Korea)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Travel Accessories market segments and geographies.

Global Travel Accessories Market: Segmentation

Globally, the Travel Accessories market can be segmented on the basis of product type, and distribution channel

By Product Type

  • Travel Bags
  • Travel Outfits
  • Business Cases
  • Electronic Accessories
  • Personal Leather Goods
  • Toiletries
  • Food box
  • Travel Pillow and Blanket
  • Locks
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Factory Outlets
  • Online Channels
  • Multi-brand Outlets

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India Gin Market Global Industry Historical Background, Industry Structure, Development, Demographics, and Sector Opportunities Till 2025| FMI

Future Market Insights (FMI) has published a new report, which is titled, “Gin Market: Driven By Changing Lifestyle and Expanding Urban Population – India Industry Analysis and Opportunity Assessment, 2015 – 2025.” The Indian gin market is witnessing a steady rise on account of the growing urban population and changing demographics. The change in outlook of the Indian society towards social consumption of alcohol is driving the growth of the gin market.

The increase in the consumption of alcohol among women has also fueled the growth of the alcohol market. In addition to this, the growing disposable income of the people and thus the transformed buying and spending pattern of consumers in urban areas specially, will push the growth of the gin market in India. Moreover, the increasing popularity of bar and cocktail culture in urban cities will also drive the gin market in India.

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The report gives a comprehensive analysis of the various factors driving the growth of the Indian gin market as well as those factors that restrict the growth of the market. The impact analysis of the same is also given. The various macroeconomic factors as well as government regulations impacting the gin market are also given. The current trends in the gin market as well as the future opportunities have been analyzed. Based on all these factors, as well as the present and past market value, the future market size is predicted.

One of the trends in the market is the production of gins with local and alternative botanicals. Citrus flavors are expected to become trendy. As numerous craft and classic cocktails make use of spirit, the market will grow for gin. As there is a variety of gin cocktails to select from, gins are becoming increasingly popular among consumers. The report segments the gib market on the basis of key criteria and reveals the leading, declining, most sluggish, and fastest growing segments and sub-segments.

On the basis of product, the global gin market is segmented into economy segment and premium and luxury segment. Of these, the economy segment is estimated to lead and expand at a significant CAGR. The premium and luxury segment will witness a slight rise on account of the growing demand for premium products in the country. On the basis of region, the market for gin is segmented into East, West, North, and South India. Of these, the gin market in South India is leading. In 2015, the Southern India gin market accounted for 34.8%, the western region accounted for 28.2%, and Eastern India accounted for 12.4%. Gin manufacturers are anticipated to expand their business in the Eastern India through tie-ups with regional distributors in the coming years.

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The report profiles key players in the Indian gin market for the purpose of study. Following are the leading players in the gin market. Tilaknagar Industries Limited, United Spirits Limited, Jagatjit Industries Limited, Mohan Meakin Limited, Radico Khaitan Limited, Globus Spirits Ltd., SNHL India Pvt Limited, Deejay Distilleries Pvt Limited. Players are focusing on geographical expansion. Innovation is a key strategy among players in this market. Players are investing in research and development and also participating in mergers and acquisitions so as to gain a competitive edge.

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

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Dog Collars, Leashes & Harnesses Market that Has Seen Considerable Growth in the Past Decade

Dogs make up the largest segment of domestically adopted companion pets by a fair margin and dog collars, leashes & harnesses are essential requirements for dog owners.

This has led to a vibrant global dog collars, leashes & harnesses market that has seen considerable growth in the past decade; however, the Covid-19 crisis is likely to have a major impact on the market in the near future.

Dog collars, leashes & harnesses may be made up of a variety of materials including nylon, chain, leather, neoprene, faux leather, cotton, biothane, hemp or rubber. Their aim is to help in identification, walking and training of dogs by ensuring comfort for dogs and their owners without compromising on an owner’s ability to control them.

Dog collars, leashes & harnesses may be segmented as per individual types of collars such as choke chains, pinch collars, flat and rolled collars, martingale collars and electronic collars; harnesses such as body harnesses and head halters; and leashes such as standard leashes, chain leashes, retractable leashes, hand-free leashes, split leashes, adjustable leashes and martingale leashes.

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Dog Collars, Leashes & Harnesses Market

A rapid growth in numbers of dogs being adopted in the last decade has been a leading driver of the dog collars, leashes & harnesses market. Increase in disposable incomes of dog owners has also proved favourable to the market. Furthermore, increasing consumer awareness about types and utilities of collars, harnesses and leashes is also driving the market.

These products find utility in terms of enhancing safety of dogs in public places and while imparting basic training to young dogs. The dog collars, leashes & harnesses market is also witnessing a positive impact due to increasing governmental legislations across the globe regarding conduct of dogs in public places. Such legislations are aimed at ensuring public safety and welfare of pet animals.

Trends in the Dog Collars, Leashes & Harnesses Market

Dog owners are increasingly looking for collars and harnesses that are trendy and stylish; the aspects such as designs, colours, materials and patterns of collars and harnesses have thus found increasing traction among manufacturers. Simultaneously, incorporation of technology has also been increasing the utility of collars and harnesses.

Notable recent technological innovations in collars include light-reflecting collars, light-up collars, GPS tracking enabled collars and audio system enabled collars. Such innovations are observed in dog harnesses as well though the primary focus of harnesses is centred around safety, comfort and functionality by reducing stress on a dog’s anterior muscles while walking, running or exercising.

The trend of increasing product utility is observed in leashes as well and multi-purpose, retractable leashes have seen a growth in sales.

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Consumers have also increasingly been purchasing collars, leashes and harnesses through online platforms. However, growing dog ownership figures has also meant that sales through pet stores have not shown a decrease. Thus, the dog collars, leashes & harnesses market has seen a diversification in vendor options.

Impact of Covid-19

The economic crisis being caused due to the Covid-19 pandemic is likely to result in a decrease in the disposable incomes of current and prospective dog owners. This may have a negative impact on the dog collars, leashes & harnesses market on two fronts.

Prospective dog owners may be deterred from adopting dogs due to the expenses incurred and dog adoption numbers may no longer see the rapid growth like it did in the last decade.

Additionally, dog owners may also seek to reduce their spending on collars, leashes & harnesses; they may hence prefer to determine their purchases based on cost rather than style or utility.

Region-Wise Analysis

North America has been the largest regional segment for dog collars, leashes & harnesses, while Asia-Pacific has been the fastest growing regional segment. Europe is the other large regional segment for the market. The rest of the world meanwhile enjoys a significantly smaller market share, mainly led by Australia and Latin America.

Competition Landscape

The dog collars, leashes & harnesses market is a highly fragmented market on account of the presence of numerous small plays that operate locally. This market may see further fragmentation if consumers show a preference for cost-sensitivity rather than technological advances.

Some of the prominent players in the dog collars, leashes & harnesses market include Costal Pet Products, Hunter, Mendota Pet, PetsUp, Ruff Wear, Pets Empire, Bingin Dog, Co-Leash, Choostix and Smarty Pet.

Dog Collars, Leashes & Harnesses Market (this is an indicative list – full list of key players available upon request)

  • Hyper Pet
  • Co-Leash
  • Mendota Pet
  • Costal Pet Products Inc.
  • Ruff Wear Inc.
  • Bingin Dog
  • Pets Empire
  • Smarty Pet
  • PetsUp
  • Choostix.
  • HUNTER
  • Ruffwear
  • Coastal Pet Products
  • LINK AKC
  • Wagz Inc

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Dog Collars, Leashes & Harnesses Market: Segmentation

By Dog Collars

  • Flat and Rolled Collars
  • Choke Chains
  • Martingale Collars
  • Pinch Collars
  • Head Halters
  • Electronic Collars

By Dog Leash

  • Standard Leash
  • Retractable Leash
  • Adjustable Leash
  • Chain Leash
  • Split Leash
  • Others

By Dog Harness

  • Back-Clip Harnesses
  • Front-Clip Harnesses
  • Dual-Clip Harnesses
  • Others

By Material Type

  • Nylon
  • Leather
  • Neoprene
  • Others

By Distribution Channel

  • Hypermarkets/ Supermarkets
  • Pet Stores
  • Online Retail
  • Others

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Dietary Supplements Market Profiled Key Players to Show Impressive Revenue Growth by 2032: Glanbia PLC, Abbott

The dietary supplements market is anticipated to reach a valuation of US$ 350.96 Billion by 2032, exhibiting a robust CAGR of 8% over the forecast period of 2022-2032. Rising health trends and increasingly health-conscious consumers are driving the market expansion for dietary supplements in the global arena.

Increasing incidences of lifestyle diseases like obesity and diabetes, growing prevalence of high blood pressure and other cardiovascular diseases promote the growth of dietary supplements market. Additionally, rise in the number of people who have added dietary supplements like vitamin pills and gummies into their regular diets propels the market growth.

With obesity and malnutrition cases on the rise across various countries, the demand for dietary supplements is running high. Government initiatives to promote health and wellness for all ages contribute to the rising demand for dietary supplements. Furthermore, growing awareness about health and fitness, proper diet, and weight control supplement the sales of dietary supplements.

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“Growing focus on improved health and fitness regime and invested interest in weight loss will likely raise the sales of dietary supplements in the global market,” says an FMI analyst.  

Key Takeaways:

  • Lifestyle diseases and fitness trends influence the dietary supplements market.
  • Sales of dietary supplements in sports nutrition is likely to exceed a CAGR of 11%.
  • North America is predicted to record highest growth rates during the forecast period.
  • Western Europe is expected to exhibit 9% CAGR over the assessment period.
  • France and Germany will lead dietary supplements market in West Germany.
  • Japan dietary supplements market is expected to expand at 8.4% CAGR during the forecast period.
  • Dietary supplements market in India will record a CAGR of 11.2% during the assessment period.
  • Women and senior citizens account for highest consumption of dietary supplements.
  • By ingredients, vitamins and minerals dietary supplements are expected to lead the market.

Competitive Landscape 

Global Dietary Supplements Market Key Players 

  • Amway Corp.
  • Glanbia PLC
  • Abbott
  • Bayer AG
  • Pfizer Inc.
  • ADM
  • Nu Skin Enterprises, Inc.
  • GlaxoSmithKline plc
  • Bionova
  • Ayanda
  • Arkopharma
  • Herbalife International of America, Inc.
  • Nature’s Sunshine Products, Inc.

are some of the key players in the dietary supplements market that are profiled in the full version of the report.

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The global players in the dietary supplements market are investing in inorganic marketing strategies to extend their market reach. Strategic mergers, collaborations, and partnerships are being executed to improve the supply chain channels.

More Insights into the Dietary Supplements Market Report

In its latest report, FMI offers an unbiased analysis of the global dietary supplements market, providing historical data from 2017 to 2021 and forecast statistics for the period 2021-to 2031.

To understand the global market prospect, growth, and range, the market is segmented based on form (soft gel/pills (confectionery products (gummies, chews, others), pharmaceutical products (chewable pills and pills, soft gel)), powder, liquid)),ingredients (vitamins & minerals, amino acids, botanical supplements, others), application (weight loss, sports nutrition, general wellbeing, immune & digestive health, bone & joint health, heart health, others), distribution channel (pharmacies/ drugstore, health & beauty stores, hypermarket/ supermarket, internet, direct selling), end use (men, women, senior citizens, others) and region.

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Dietary Supplements Market Regional Analysis

North America is predicted to register the highest growth rate during the forecast period. Rising preference for nutrition, increasing cases of obesity and diabetes along with a growing focus on weight loss and obesity management will lead the regional market growth. Countries like the U.S and Canada are registering a high demand for dietary supplements due to prevailing health and fitness trends. North America dietary supplement market is expected to grow at 9.2% CAGR during the forecast period.

France and Germany are leading the dietary supplements market in Western Europe. Rising incidences of vitamin D deficiency post-pandemic in these countries is responsible for this regional growth.

The U.K is another nation in Europe that shows substantial market growth potential. The U.K. is expected to register a growth rate of over 9% during 2021-2031. Post-covid impact on the immune health of people as well as health and fitness trends account for the notable market growth.

India, too, presents potential growth opportunity for the dietary supplements market. The vast population, poor dietary habits, rising cases of lifestyle diseases and growing geriatric population presents ample growth opportunities for the dietary supplements market.

Japan is expected to register a CAGR of 8.4% in the dietary supplements market over the forecast period. The rapidly rising geriatric population, western food habits and poor diets account for the rising demand for dietary supplements in the region.

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Dietary Supplements Market Segmentation Analysis

By ingredient type, vitamins and minerals sub-segment will dominate the dietary supplements market during the forecast period. Increasing weight concerns, growing awareness about the importance of healthy diet, and rising cases of vitamin and mineral deficiency account for the anticipated lucrative market growth of the sub-segment.

Based on end use, women and geriatric population are leading the demand for dietary supplements. Increasing health awareness among women and rising geriatric population with multiple health issues have raised the sales of dietary supplements in the global market.

Dietary Supplements Market by Segmentation

By Form:

  • Soft Gel or Pills
    • Confectionary Products
      • Gummies
      • Chews
      • Others
    • Pharmaceutical Products
      • Chewable Pills and Pills
      • Soft Gel
  • Powder
  • Liquid

By Ingredient:

  • Vitamins & Minerals
  • Amino Acids
  • Botanical Supplements
  • Others

By End-use:

  • Men
  • Women
  • Senior Citizen
  • Others

By Application:

  • Weight Loss
  • Sports Nutrients
  • General Well Being
  • Immune Health and Digestive Health
  • Bone and Joint Health
  • Heart Health
  • Others

By Distribution Channel:

  • Pharmacies Drug Store
  • Health & Beauty Stores
  • Immune Health and Digestive Health
  • Bone and Joint Health
  • Heart Health
  • Other

By Region:

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

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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Pet Hotels Market is Growing Due to Rising Number of Pets

Pet owners have today turned into pet parents as pets are now considered as a family member. This transition and increasing love for pets have subsequently raised the spending on pets.

Today, pet owners demand the same luxurious life for their pets as they would want for their family members. With rising spending on pets by pet owners, vacations for pets like dogs, cats, and other exotic animals is gaining popularity. This is why the prominence of pet hotels has increased.

Pet boarding and daycare terms are synonymously used for pet hotels. Pet hotels provide a varied range of pet services such as pet boarding, daycare services, grooming services, pet training, spas, entertainment services and other services. Pet owners are now showing keen interest in vacations for their pets as they consider pets as four-legged children. This factor has played a significant role in driving the growth of pet hotels in the market.

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Drivers for Pet Hotels Market

The rising number of pets is one of the major factors that is driving the growth of the pet hotels market. According to the statistics of the American Pet Products Association 85 million households in America have pets and in the last 30 years, pet ownership has risen by 12% of all households.

This rise in the number of pets is expected to further fuel market growth. The rising luxury pet obsession in different regions is further likely to facilitate market growth.

Trends for Pet Hotels Market

Few of the popular industry trends like personalization and customization highly prevail in this market. Pet owners can customize or personalize the  pet hotels experience for their pets. The pet hotels in the market are providing customized packages to attract a large customer base.

The pet owner can design a customized experience for their pets in a pet hotels that can include a range of activities ranging from pet entertainment, grooming, and other services.

Opportunities for Pet Hotels Market

The concept of pet hotels is newly gaining prominence in the market. The market is currently in the growth stage and a lot of potentials is yet untapped. With a little more awareness about the concept in the market will open new doors of opportunities for the players.

Besides this, internet penetration is expected to fuel market growth through increasing online booking of pet hotels in the coming futures. The increasing awareness of furry guests in developing regions is likely to create more opportunities.

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Challenges for Pet Hotels Market

As pet parents are today more concerned about their pets, the concept of home boarding is gaining prominence that is indirectly affecting the pet hotels market.

Amid the covid-19 outbreak, the risk of spreading the virus among animals is also high. The current fear and panic caused by the spread of covid-19 have impacted the market temporarily as the pet parents would restrain from sending their pets out. In such time, pet hotels need to assure maximum hygiene.

Global Pet Hotels Market: Key Players

Some of the key players operating in the global pet hotels market are

  • D Pet Hotels
  • Pacific Pet Resort
  • Camp Bow Wow
  • Posh Pet Hotel
  • The Barkley
  • Best Friend Pet Care
  • Old Towne Pet Resort
  • The Ings Luxury Cat Hotels
  • Wag Hotels

These players are expected to positively influence the growth of the pet hotels market through adoption of innovative strategies.

Pet Hotels Market: Regional Outlook

North America followed by Europe are the dominant regions in the pet hotels market as on one side the pet adoption rate is high and on the other side, the spending on pet care is rising in these regions. The pet hotels market is likely to register growth in East Asia, South Asia, and Oceania as the awareness of pet care is increasing in these regions.

The rising penetration of social media in these regions is further likely to boost market potential. Moreover, the players in the market are also seeking franchise opportunities, which in turn is expected to boost  the sales of pet hostels market during the forecast period.

Global Pet Hotels Market: Market Segmentation

By pet type

  • Dog Hotels
  • Cat Hotels
  • Other Exotic Animals

By hotel type

  • Economic hotels
  • Mid-range Hotels
  • Luxury Hotels

By global pet hotels

  • Small and Medium Hotels
  • Large Hotel

By basis of ratings

  • <3 stars
  • 3 and above

By booking mode

  • Offline booking
  • Phone booking
  • Online booking

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Water Ionizers Market Has Been Dominated in the Asia Region for More than 30 Year

A water ionizer is an electronic device that increases the pH level of regular water to alkalinity. Water ionizers produce not only alkaline water fit for consumption of human but also acidic water as a by-product that fits as a cleanser and sanitizer.

There is an increased demand for water ionizers in the market owing to the increasing awareness about the benefits of consumption of alkaline water. Re-mineralization is another significant factor that is boosting the water ionizers market. Water ionizers are available in tabletop, cabinet and wall-mounted type.

However, most of the products available in the market are, and thus, it consumes the space of the counter in the kitchen. Manufacturers are now focusing on making wall mounted water ionizers that save the counter space and are compact enough.

Water ionizers manufacturers are using more number of plates in new water ionizers to get as low as possible oxidation-reduction potential (ORP). Moreover, water ionizers provide a wide range of pH scale. Two-stage internal infiltration technique, digitalization, new aesthetic designs are some of the product improvement in the available water ionizers in the market.

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Water Ionizers Market: Market Dynamics

According to scientific studies, alkaline water consumption hydrates body more effectively, can improve digestion and reduce indigestion, helps to fight oxidation process in the body by acting as an antioxidant, and soothes acid reflux by destroying pepsin. Thus, there is gaining popularity for water ionizers in the global market.

One of the drawbacks with the water ionizers is that water ionizers do not work efficiently if the tap water is soft water and contains no minerals. A water ionizer cannot perform electrolysis for soft water or externally add minerals.

For externally mineralization process, water ionizers need to be combined with premium water filters that perform the electrolysis process. And the availability of such water filters with the ionizing technique is relatively less.

Water Ionizers Market: Regional Outlook

Water ionizers market has been dominated in the Asia region for more than 30 years. Specifically, East Asian countries like South Korea and Japan have a prominent market for water ionizers. These countries have testing and certifications for water ionizers to ensure the safety and reliability of the products.

South Asia is also a significant region for water ionizer market. Most of the Asian countries export the water ionizers to the western states. North America has potential growth for the market for water awareness owing to health awareness among consumers on alkaline water.

The market in Europe and Oceania is estimated to have a gradual increase in water ionizers’ demand. The Middle East and Africa (MEA) and Latin America will be emerging markets for the water ionizers over the forecasted period.

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Water Ionizers Market: Key Players

Some of the major players in the Water Ionizers market are Bawell Health Water LLC, Alkalux, Impart, VWA, AYANA WATER, EMCO TECH CO., LTD, Chanson Water Co., Ltd., AIR Water LIFE, Vollara, LLC., Life Ionizers, AlkaViva, LLC, KYK Co., Ltd., TyentUSA, Enagic, Pure-Pro Water Corporation, Aqua-Win Water Corporation, Dianapure International Co.,Ltd,  and among others. These markets players are anticipated to influence the water ionizers market positively.

The research report presents a comprehensive assessment of the Water Ionizers market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for Water Ionizers market.

The research report of Water Ionizers provides analysis and information according to market segments such as geographies, product type, nature, and application.

The Water Ionizers market report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The Water Ionizers regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
  • East Asia (China, Japan, South Korea)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Water Ionizers report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report for Water Ionizers provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Water Ionizers market report also maps the qualitative impact of various market factors on market segments and geographies.

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Water Ionizers Market: Market Segmentation

The Water Ionizers market is segmented into different parts based on the product type, number of plates, application, sales channel, and geography.

Based on product type, the water ionizers market is segmented into:

  • Countertop
  • Under-counter

Based on number of plates, the water ionizers market is segmented into:

  • Less than 5 Plates
  • 6 to 10 plates
  • 10+ Plates

Based on application, the water ionizers market is segmented into:

  • Residential
  • Commercial
  • Industrial

Based on sales channel, the water ionizers market is segmented into:

  • Direct
  • Indirect
  • Hypermarket/Supermarket
  • Specialty Stores
  • E-commerce
  • Others

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Coffea Arabica (Coffee) Seed Oil Market is Growing Due to its has Prevailed Many Health-Related Issues Such as Skin Disorder

The global Coffea arabica (coffee) seed oil extract contains caffeine and chlorogenic acid that defends photo aging and inflammatory skin disorders and restores the moistures keeping the skin hydrated. Coffea Arabica (coffee) seed oil supports the skin’s structure for brighter and firmer youthful-looking skin.

Cold pressing green coffee beans extract Coffea arabica (coffee) seed oil. Coffea arabica (coffee) seed oil contains a high concentration of vitamin E, essential fatty acids, and sterols, which makes the oil a potent antioxidant. The antioxidant properties of the Coffea arabica (coffee) seed oil helps in the protection against skin damages such as DNA degradation and sunburn cell formation.

The changing lifestyle with urbanization and globalization has prevailed many health-related issues such as skin disorder, stress, depression, and others. The caffeine content in Coffea Arabica (coffee) seed oil helps in reducing the appearance of cellulite on the skin.

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It also reduces the appearances of fine lines, redness, and sunspots. The properties of chlorogenic acid in Coffea Arabica (coffee) seed oil reduces hyperpigmentation and thus acts as an anti-inflammatory. Coffea arabica (coffee) seed oil plays a crucial role in these health concerns, which fuels the Coffea arabica (coffee) seed oil market.

Strategic marketing strategies to target the focused audience is anticipated to have a positive impact on Coffea Arabica (coffee) seed oil market.

Coffea Arabica (Coffee) Seed Oil Market: Market Dynamics

The Coffea arabica (coffee) seed oil market is driven mainly because of its excellent source of antioxidant properties that helps in curing skin-related disorders, respiratory issues, and various others problems such as depression, nausea, fever, and several other similar matters. And, other benefits offered by Coffea arabica (coffee) seed oil anti-aging benefits and reduced inflammation.

The Coffea arabica (coffee) seed oil plays a vital role in aromatherapy and hence have a high demand from aromatherapy services and many aromatic products manufacturers. The multi-purpose use of Coffea arabica (coffee) seed oil is anticipated to offer a variety of skincare benefits potentially.

The increasing awareness among the population about the advantages of Coffea arabica (coffee) seed oil on the skin is fuelling the growth of the market. The increased disposable income of the people and the availability of products is anticipated to flourish the Coffea arabica (coffee) seed oil market in the forecasted years. Regional expansion and new products launch with Coffea arabica (coffee) seed oil as one of the vital ingredient is estimated to create numerous market opportunities for the manufacturers.

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Coffea Arabica (Coffee) Seed Oil Market: Regional Outlook

Geographically, Latin America has a high production of Coffea arabica (coffee) seed oils and accounts a prominent market share. A significant percentage of Coffea arabica (coffee) seed oil market is held by the Middle East and Africa (MEA) sourcing good quality of products.

Also, South Asia has many manufacturers with a growing customer base for Coffea arabica (coffee) seed oils. The Coffea arabica (coffee) seed oil market in North America is expected to grow due to changing lifestyle and awareness about the benefits of the oil.

Europe market for Coffea arabica (coffee) seed oil is anticipated to have a high demand owing to several manufacturers of fragrances. The Coffea arabica (coffee) seed oil market in East Asia and Oceania are estimated to grow due to growing personal care and cosmetics industry in these regions.

Coffea Arabica (Coffee) Seed Oil Market: Key Players

Some of the major players in the Coffea Arabica (Coffee) Seed Oil market Indenta Chemicals (India) Pvt. Ltd., H.Interdonati, Inc. & FlavorPlus Division, Ernesto Ventós, S.A., Hallstar, India Essential Oils, Natural Sourcing, LLC., Avi Naturals, Eden Botanicals, Sher-Ray Organic Cosmetics,  and among others.

The increasing awareness among the consumers for Coffea Arabica (coffee) seed oil because of its multi-functional use in health-related issues is anticipated to have a high demand for Coffea arabica (coffee) seed oil products from these manufacturers.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
  • Indonesia

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

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Coffea Arabica (Coffee) Seed Oil Market: Market Segmentation

The Coffea arabica (Coffee) seed oil market is segmented into product type, end use, packaging, and nature of the product, sales channel, and geography.

Based on product type, the Coffea arabica (coffee) seed oil market is segmented into:

  • Oils
  • Creams
  • Lotions
  • Fragrances
  • Others

Based on end use, the Coffea arabica (coffee) seed oil market is segmented into:

  • Aromatherapy
  • Cosmetics and personal care
  • Food
  • Others

Based on packaging, the Coffea arabica (coffee) seed oil market is segmented into:

  • 0 – 4 oz
  • 5 – 8 oz
  • 9 – 16 oz
  • 1 kg

Based on nature of the product, the Coffea arabica (coffee) seed oil market is segmented into:

  • Conventional
  • Organic

Based on sales channel, the Coffea arabica (coffee) seed oil market is segmented into:

  • Direct
  • Indirect
  • E-commerce
  • Independent Stores
  • Hypermarket/Supermarket
  • Specialty Stores
  • Others

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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