Pet Apparel Market Industry Overview Research Report 2032 | Report by FMI

The market for pet clothing market is estimated at USD 5.1 billion in 2022 and is projected to reach USD 7.0 billion by 2032, at a CAGR of 5.0% from 2017 to 2021.

Market growth is predicted to be boosted by the global trend toward pet humanization. The debut of posh pet apparel developed through collaborations with well-known clothing companies like H&M and Ralph Lauren is driving market sales.

Small pet clothing businesses, the prominence of pet fashion influencers, and advancements in product design are all factors in the industry’s upward trajectory. For instance, the stylish Instagram dog Boobie Billie just announced a high-end apparel line. A recent collaboration between Dsquared2 and Poldo Canine Couture resulted in the development of a complete line of dog clothing and accessories.

Due to the existence of non-profit organisations dedicated to animal welfare, it is projected that demand for pet gear would rise. The demand from animal shelters, animal protection organisations, and communities concerned about stray animals will cause the market to expand.

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Key Takeaways:

  • Based on product type, sales of shirts & tops will increase at a considerable pace over the forecast period.
  • In terms of pet types, the dog segment is anticipated to remain most lucrative through 2032.
  • By sales channel, demand for pet apparel across online retail channels will continue rising.
  • The U.S. Will dominate the North America pet apparel market over the forecast period, with sales growing at a 4% CAGR through 2032.
  • Demand in the India pet apparel market is expected to increase at a 5% CAGR over the assessment period.

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Competition Landscape

Leading manufacturers of pet apparels are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales in the market.

Key players operating in the global pet apparels market include Pet Factory Company, ABO Gear, Body Glove Pet, Good2Go, Hip Doggie, Moshiqa, Petstock, Hunter International GmbH, Insect Shield, MILK&PEPPER, and Bedhead Pajamas Inc.

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Global Pet Apparel Market by Category

By Product Type:

  • Coats
  • Jackets
  • Shirts & Tops
  • Sweaters & Hoodies
  • Others

By Material Type:

  • Cotton
  • Polyester
  • Lenin
  • Others

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By Pet Type:

  • Dogs
  • Cats
  • Others

By Sales Channel:

  • Supermarket/Hypermarkets
  • Wholesalers/Distributors
  • Direct sales
  • Pet Specialty Stores
  • Online Retailers
  • Other Sales Channel

By Region:

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

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Natural Cosmetic Color Market Comprehensive Research Study and Strong Growth in Future 2032

The global natural cosmetic color market size is forecasted to be appraised at US$ 68.46 billion by 2032, up from US$ 41.63 billion in 2022, advancing at a CAGR of 5.01% during the forecast period.

Growth in the natural products industry has led to the increasing consumer interest towards natural ingredients in food, cosmetic, and personal care products. Natural cosmetic colors are usually made using pigments found in plants, vegetables, and fruits. Products such as beet, red cabbage, beta carotene, grape juice, hibiscus fruit extract are some of the sources used for natural cosmetic color.

The natural and organic colors are available in liquid, powder, paste, and powder blend formats with option for customization. Colorant from natural sources such as insects, plants, and algae are also finding wide application in natural cosmetic products. Manufacturers in the natural cosmetic color market are also focusing on including natural colorant listed and approved by regulatory body in a particular country.

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The natural organic colors are available in the form of liquid, paste, powder, and powder blend formats, with options available for customization.

Sales of natural cosmetic colors are rising due to the growth in the natural products industry and increased consumer interest in natural ingredients in cosmetic, food, and personal care products.

Natural Cosmetic Color Market- Notable Highlights

Leading players in the natural cosmetic color market are Loreal S.A, HARBOR S.p.A, NUXE LABORATORY, Avon Products, Inc., Oriflame Cosmetics AG, Conatural, 100% PURE, Weleda, LVMH Group, Henkel AG & Company, KGaA, Estée Lauder, Beiersdorf AG (Florena Cosmetic GmbH), and AVEDA CORP. Notable developments in competitive landscape of natural cosmetic color market include,

  • South Korea’s Ministry of Food and Drug Safety has issued draft amendments to regulation on natural and organic cosmetic standards. The draft notice changes name of regulation to ‘Regulation of natural cosmetics standard’. The draft also includes new standards on raw materials to be used in natural cosmetic products along with standards for labeling and advertising.
  • Oliveda International has announced its entrance in the US market with the launch of US Oliveda Online, featuring variety of top-selling products by the company. The company is also providing promotional offers and discounts on various products.

Natural Cosmetic Color Market Dynamics

Increasing Demand for Natural and Organic Cosmetic Products Driving Natural Cosmetic Color Market Growth

Increasing awareness among consumers regarding the benefits of natural cosmetics is driving the demand for natural beauty products. In response to growing customer demand for natural cosmetics, manufacturers are increasingly focusing on using colorants derived from natural sources such as plants, fruits, and vegetables. Growing interest in chemical-free cosmetic products, and rising standard of living, especially in developing economies are fueling demand for natural cosmetic products. Moreover, the trend of green cosmetics is also leading to the development of new cosmetic products using natural ingredients.

With lipstick as most widely used cosmetic product, manufacturers are focusing on producing natural lipstick using natural colorant and pigments derived from fruits, roots, seeds, and leaves, thereby, providing range of colors. Plum, beetroot, grapes, blueberry are some of the common sources used for natural cosmetic color in lipstick. In recent years, fruit pigments have gained traction as natural cosmetic color in addition to the antioxidants and vitamins found in fruit pigments.

Manufacturers Focusing on Extraction and Preservation of Active ingredients in Natural Cosmetic Colors

Manufacturers offering natural cosmetic products are increasingly focusing on extraction, and handling of natural colors using novel techniques such as microwave assisted extraction and ultrasonic assisted extraction. Along with adding natural color in cosmetic product, using technology to preserve active ingredients suitable for skincare in colorants is also one of the focus areas of manufacturers in natural cosmetic color market.

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Improvement in the texture of the cosmetics using natural pigments and colors without using toxic substance and chemicals is also gaining traction in the natural cosmetic product market. Moreover, incorporation of modern technologies to cope with the safety concerns of natural colorants is also being focused on by manufacturers and researchers.

Regulations on Natural Color Additives in Cosmetics to Hamper Natural Cosmetic Color Market

Regulations on use of natural colors and pigments in the cosmetic products are challenging the growth of natural cosmetic color market. Regulatory bodies worldwide have approved list of natural and organic colors that can be used in cosmetics and personal care products. For instance, the FDA has the list of approved natural colorants for use in the cosmetics and personal care products. The natural colors are also restricted on basis of quantity and way in which these colors can be used in various natural cosmetic products.

Moreover, significant risk of adulteration of natural colors, ranging from misuse of term natural on product label to cases of chemical and microbial contamination from sources of raw materials. This is also leading to some stringent regulations and safety standards to address issues in all stages including extracting, processing, and application of colors in natural cosmetics derived from natural sources.

The report covers exhaustive analysis on

  • Natural Cosmetic Color Market Segments
  • Natural Cosmetic Color Market Dynamics
  • Natural Cosmetic Color Market Size
  • Natural Cosmetic Color Market Supply and Demand
  • Current Trends/Issues/Challenges pertaining to Natural Cosmetic Color Market
  • Competition Landscape and Emerging Market Participants in Natural Cosmetic Color Market
  • Technology related to Production/Processing in Natural Cosmetic Color Market
  • Value Chain Analysis of the Natural Cosmetic Color Market

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • 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)

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The report on the natural cosmetic color market 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 on the natural cosmetic color market. The report also maps the qualitative impact of various market factors on natural cosmetic color market segments and geographies.

Natural Cosmetic Color Market Segmentation

Based on the application, the natural cosmetic color market is segmented into

  • Female
  • Male
  • Unisex

Based on the sales channel, the natural cosmetic color market is segmented into

  • Online Stores
  • Hypermarket/Supermarket
  • Specialty Store
  • Club Store
  • Wholesaler/Distributors

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Food Recycler Market Size Predictions : US$ 68.2 Bn by 2032 | Report by FMI

The food recycler market is anticipated to record a CAGR of 5.6% during the forecast period. It is expected the market value is likely to go up from US$ 37.5 Bn in 2021 to reach a valuation of US$ 68.2 Bn by 2032.

Making compost from waste peels of vegetables and fruits using traditional methods takes a long time. Most individuals discard unwanted vegetables, fruits, and other goods rather than composting or recycling them since the procedure takes time. The food composting process has seen a lot of improvement in the home kitchen appliance business in recent decades.

Food recycling is one of them, and it is utilised in many homes and businesses to recycle food by turning it into fertiliser or manure. People’s growing awareness of food recycling processes and equipment, as well as their growing concern for the environment, are projected to boost the market for food recyclers in the near future.

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Global Food Recycler Market: Market Dynamics

Drivers for Food Recycler Market

Increasing urbanization, smart city projects in developing countries and government initiatives such as go green concept is expected to positively influence growth of the food recycler market across the globe. Moreover, increasing people concern for green environment, increasing awareness towards food recycling, and use of organic compost instead of fertilizers is expected to witness significant growth of the food recycler market during the forecast period.

Trends for Food Recycler Market

Key player in the food recycler market are principally engaged in innovation in food recycling and composting technologies. This trend is positively influencing the growth of the food recycler products.

Opportunities for Food Recycler Market

Technological advancements pertaining to food recycling and composition techniques in countries such as China, Japan and others is expected to register new growth opportunities for food recycler market during the forecast period. Moreover, introduction of food recyclers with affordable prices by manufacturers in near future is expected to fuel growth of the food recycler market during the forecast period.

Challenges for Food Recycler Market

High price of food recycler is one of the main reason challenging growth of the food recycler market. Generally middle income population is showing lack of interest in purchasing food recycles due to its high costs. Moreover, lack of technological advancement (pertaining to food recycling devices) in developing countries such as India, Mexico and others restricts manufacturing of food recycles in country itself. Thus import and logistics cost of the food recyclers increases its net price in such countries.

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Global Food Recycler Market: Key Players

Some of the key players operating in the global Food Recycler market are Whirlpool’s, Food Cycle Science, Wastefox, Joseph Joseph, Nine Stars Group (USA) Inc., Simplehuman, Smart Cara, Food Cycler, and Mares Group, among others. These players are expected to positively influence growth of the Food Recycler market during the forecast period.

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Food Recycler Market: Regional Outlook

North America and Europe are expected to hold a significant amount of food recycler market value share in the global market due to technological advancement pertaining to the food recycling and composting techniques. Increasing number of manufacturers of the food recyclers in Asia Pacific region is expected to fuel growth of the food recycler market in in near future in the region, in terms of volume.

Food recycler market in Latin America is expected to witness a moderate growth in in the near future due to increasing disposable income in the region. Middle East and Africa is witnessing a slow growth of the food recycler market. However, increasing public concern for environment and increasing urbanization in the region is expected to positively influence growth of the food recycler market during the forecast period.

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

The food recycler market report covers exhaustive analysis on:

  • Global Market Segments
  • Global Market Dynamics
  • Historical Actual Market Size, 2014–2018
  • Global Market Size & Forecast, 2019 to 2029
  • Supply & Demand Value Chain for the Market
  • Global Market Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Market Solutions Technology
  • Value Chain of the Market
  • Global Market Drivers and Restraints

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The food recycler 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 Food Recycler market attractiveness as per segments. The report also maps the qualitative impact of various Food Recycler market factors on market segments and geographies.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Organoids Market | Hubrecht Organoid Technology (HUB), STEMCELL Technologies Inc., Cellesce Ltd., DefiniGEN | By 2031

Traditional methods of drug discovery are inadequate and less relevant to the pace of the growing life science research and development. Organoids Market are, therefore, expected to generate a major revenue share in the market for drug discovery applications in the near future. Increasing failure rate in human preclinical trails is luring academicians and researchers to explore more possible organoid models for toxicology research and potential regenerative mediation research, thereby propelling the demand for organoids.

Use of animals for research and testing has led to the creation of numerous initiatives and campaigns regarding the debatable issue. According to Humane Society International, more than 115 million animals are used for research in laboratories worldwide every year. Organoids are anticipated to substitute animals for testing in laboratories. Organoids are proving to be an appropriate alternate for animal testing models.

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The Organoids Market is growing with increasing support and initiatives to limit the use of animals for testing through regulatory guidelines. Thus, the rising focus on substituting animal model for research, along with development of commercially available organoids, is likely to boost the growth of the global organoids market.

According to the latest report published by FMI, the global organoids market is expected to reach ~ US$ 134 Mn by the forecast year 2029. The report further projects that the organoids market will grow at a CAGR of ~ 15% during the forecast period 2019-2029.

Organoids and 3D cell cultures are growing rapidly in popularity, replacing 2D cell culture in traditional methods of research in human developmental biology. With an alarming rise in the prevalence of cancer, the need for novel drugs has grown significantly, and this is expanding the scope of applications for organoids in oncology research. In the past few years, a mounting number of pharma companies have been focusing on introducing personalised oncology drugs, and leading stakeholders are joining the bandwagon by adopting strategies of creating cancer organoids for individual patients, in order to leverage the new avenues of growth in oncology research.

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Organoids Market: Dynamics

Over the last few years, organoids have gained significant popularity among the research groups working on advanced 3D cell culture. The primary driver for the organoids market is considered to be the attainment of greater degree of resemblance to the cell specific structure of the specific organ, in vivo environmental conditions. Organoids are used for cell toxicity screening, cell-based assays, and organ specific cell functions. Cell cultures in 2D environment limit or restrict their ability to depict traits exhibited by in vivo systems, because of the morphological and locomotion limitations imposed by the 2D atmosphere.

The ability of organoids to meticulously mimic the specific cells of the organs from which they are derived, leads to accurate models of tissues. This factor is considered to be a strong driver for the organoids market growth. Presently, advancements in 3D cell culture technology have developed a potential scope for development of cancer specific organoids with research of potential applications. This factor is expected to play an instrumental role in driving the growth of the organoids market.

Europe Takes the Centre Stage in the Organoids Market

Lack of skilled professionals engaged in research and developmental activities is expected to hamper the growth of the organoids market. A study presented by Tufts University in Boston, showed that it costs around US$ 2.6 million to develop a new drug and a standard prescription for the commercial market approval, due to high failure rates in human drug testing. Organoids offer viable model for the human disease models specific to organ tissue for drug screening in preclinical trials.

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Europe organoids markets are expected to witness significant growth, in the view of increasing research activities in organoids field and growing number of sponsor for the study in these regions, as well as growing trend in academic research to work with organoid models, to explore more viable applications. Additionally, increasing bio-banking activity in the region is anticipated to propel the organoid market growth.  Furthermore, rising research and development in 3D cell culture technology, prominent presence of manufacturers, and initiatives for replacing animal models in research studies with organoids are some of the factors propelling the growth of the organoid market. The Europe organoids market is estimated to create an estimated incremental $ opportunity worth approximately US$ 38 Mn between 2019 and 2029.

Organoids Market: Segmental Analysis

The global organoids market has been segmented by product type, application, end user, and region. Furthermore, the organoids market has been segmented by product type into Intestinal Organoid, Hepatic Organoid, Pancreatic Organoid, Colorectal Organoid, Neural Organoid and Others, which are used for the developing full organoid models for research. The application segment of the organoids market is segmented into Bio-banking, Biomedical Research and Drug Discovery, Regenerative Medicine, Cancer Research, Therapeutic Tools and Others. Bio-banking segment is expected to hold a large share during the forecast period. As per end user, the organoids market is segmented into Biopharmaceutical Companies, Contract Research Organizations and Academics and Research Institutes.

Organoids Market: Companies

The report tracks some of the key companies operating in the Organoids market, such as Hubrecht Organoid Technology (HUB), STEMCELL Technologies Inc., Cellesce Ltd., DefiniGEN, Qgel and OcellO B.V.

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Meal Kit Delivery Services Market is Projected to Expand at a Prolific CAGR of 15% from 2022 to 2032

The meal kit delivery services market size is poised to reach a valuation of US$ 14.63 Bn in 2022. Sales are projected to increase at a 15% CAGR, with the market size reaching US$ 59.2 Mn by 2032.

Key players operating in the meal kit delivery services market are opting for a multi-brand expansion strategy. They are focused on expanding their market penetration in different regions by adopting an aggressive expansion strategy.

HelloFresh Group for instance, recently in April 2022, announced its first market entry in Asia, a step in line of its international expansion goal. Besides this, HelloFresh Group is also further focused on expanding its international penetration through rapid acquisitions.

HelloFresh acquired Green Chef Company in the year 2018, Ready-to-Eat Meal Company Factor75, Inc. in 2020, Youfoodz in 2021, and others. All of such efforts on the part of well-established players is likely to further scale up market growth in the coming years.

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Consumer spending on meal kits and grocery boxes has rapidly increased especially in the U.K. Furthermore, the rapidly growing demand for meal delivery kits from urban areas as well as rural areas is likely to escalate the sales of meal delivery kits in the coming years.

Key Takeaways from the Meal Kit Delivery Services Market Study

  • By offering type, heat and eat segment is expected to witness highest growth over the forecast period (2022-2032)
  • In terms of meal type, vegan segment will gain traction through 2022 & beyond
  • By sales channel, online segment is expected to witness robust growth between 2022 and 2032
  • Australia is expected to dominate the Oceania meal kit delivery services market on the back of growing trend of veganism
  • India is expected to witness fastest growth in South Asia meal kit delivery services market backed by the presence of leading food delivery chains

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 “Increasing health consciousness has further encouraged the players operating in the meal kit delivery services market to expand their meal offerings to include vegan and plant-based meals in their offerings. This is anticipated to boost the market over the forthcoming decade”, says an FMI analyst.

Who is winning?

Key players are undertaking extensive efforts to promote their meal kit delivery services. Market players are focused on undertaking promotional strategies to voice out their service penetration in different markets.

Some of the major players present in the meal kit delivery services market are Blue Apron LLC, Freshly Inc., Hello Fresh Group, Sun Basket, Relish Labs LLC, Gobble, Marle Spoon Inc., Purple Carrot, Hungryroot and among others.

Meal Kit Delivery Services Market by Category

By Offering Type:

  • Heat & Eat
  • Cook & Eat

By Channel:

  • Online
  • Offline

By Meal Type:

  • Vegetarian
  • Vegan
  • Non-vegetarian

By Type:

  • Economic Meal Kit
  • Premium Meal Kit

By Region:

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

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Gaming Laptop Market – This is How Leading Companies Are Dominating the Global Market

The gaming laptop market  is projected to experience a CAGR of about 4.5% over the forecast period. The market is currently valued at US$ 11859.39 million, and by 2032, it is anticipated to reach US$ 18417.27 million.

In the era of computer gaming, there is an increase in the demand for gaming laptop. Consumers are looking for devices that can operate at a high level when it comes to gaming.

Manufacturers are also creating and releasing cutting-edge gaming laptops with cutting-edge hardware to meet the growing demand for gaming laptops. They’re also working to reduce the weight of gaming laptops so that they’re more portable. Due to the powerful gaming hardware, which is capable of high processing speed and power, as well as the cooling systems required, gaming laptops are heavy.

On the other hand, the eSports industry is booming globally, where professional video gamers play competitively. With this growing esports participation, demand for gaming laptop, and expanding digital platforms, the sales of gaming laptop are likely to grow significantly in the coming years.

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Which are the Key Dynamics Contributing to the Growth of the Gaming Laptop Market?

Over the last few years, there have been significant developments taking place across gaming, mobile, and esports platforms. Currently, the global esports market is a million-dollar industry which is projected to be more than triple during the forecast period.

As, various companies, players, fans, and investors are entering into esports market. Rise in the number of esports participation and audience, which lead to significant potential for companies to advertise products. An increasing number of professional gamers in the developing countries are the factors influencing the growth of the gaming laptop market in the near future. Also, prominent players in the gaming laptop market are focused on increasing their market footprint by entering e-commerce platform to provide gaming laptop accessibility to consumers everywhere.

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However, the limited battery life of gaming laptop as compared to ordinary laptops and a slowdown in the global economy due to trade tensions between US and China are some of the factors that may hamper the sales of gaming laptop.

Global Gaming Laptop Market: Key Developments

  • Additionally, the company is also targeting to grow its market share from 11% to 15% in the consumer laptops business segment in India market.
  • AsusTek Computer Inc. focuses on increasing its market share to 50% in the India gaming laptop market along with expanding its retail footprint to 200 stores by the end of 2019.

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What is the Regional Outlook for the Gaming Laptop Market?

The gaming laptop market is anticipated to register significant growth across all the regions during the forecast period. The gaming laptop market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.

Because of the increasing adoption of portable personal computers and gaming laptops among consumers to play video games, as well as the developing trend of collegiate competitive video gaming, North America is predicted to lead the global gaming laptop market, followed by Europe.

South Asia and East Asia gaming laptop market is expected to account healthy CAGR during the forecast period owing to increasing adoption of gaming laptop among consumers across metropolitan cities and small towns coupled with the growing number of professional e-sports gamers in developing countries such as India.

MEA is likely to have a lucrative opportunity in the global gaming laptop market in the coming years as companies are introducing budget-friendly gaming laptop with innovative features to target mid-ranged consumers in the region.

Who are the Key Players in the Gaming Laptop Market?

Some of the key players operating in the global gaming laptop market are AsusTek Computer Inc., Micro-Star International Co., Ltd, Razer Inc., Acer Inc., Lenovo Group Limited, The Hewlett-Packard Company, Dell Technologies Inc., Gigabyte Technology Co., Ltd., Samsung Electronics Co., Ltd., ORIGIN PC Corp., AORUS Pte. Ltd., Clevo Corporation, EVGA Corporation, and others.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Men’s Grooming Products Market Comprehensive Research Study and Strong Growth in Future 2032

Themen’s grooming products market is projected to witness a CAGR of 4.5% during the forecast period. Revenue from the sales of men’s grooming products across the world is likely to become twice by 2032 from the present valuation of US$ 55.5 Bn.

What is the Impact of COVID-19 on Men’s Grooming Products Market?

The men’s grooming products market has been moderately affected by the COVID-19 pandemic since many social arrangement facilities and offices were closed.

Consequently, these factors have reduced the demand for men’s grooming products, particularly shaving products. Another consequential trend in the men’s grooming products market is the rise of do-it-yourself (DIY) grooming.

Many beauty salons have closed, and even in places where they have not, consumers are forgoing services because of concerns about close physical contact.

As a result, men are experimenting with their looks during the lockdown regime, which has marginally increased the sales of men’s grooming products.

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Which Factors are Driving Sales of Men’s Grooming Products?

The demand for natural, clean-label and organic goods in the men’s grooming products market has surged as public awareness of the detrimental effects of chemical compounds often used in grooming items, such as shaving creams, has grown.

Males increasingly prefer natural grooming products to chemical-based grooming products. This has led to a rise in demand for men’s grooming products and sales of products that are safe, natural, organic, and cruelty-free in recent years.

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The rise in the trend of premiumization in demand for men’s grooming products, with an increased impact of clean-label ingredients, has led to the high price of organic men’s grooming products which may affect the sales of men’s grooming products.

Furthermore, a rising number of primary producers in the men’s grooming products market are hiring various celebrities from the domains of sports and entertainment to advocate their goods to persuade consumers to use these endorsed items and increase demand for men’s grooming products as well as sales of men’s grooming products.

P&G’s Gillette, for example, used a variety of promotional techniques, including celebrity endorsement arrangements with Ashton Eaton, Neymar Jr., David Beckham, Roger Federer, and Ryan Lochte.

What is the Regional Outlook of the Men’s Grooming Products Market?

Men in the Asia-Pacific area are growing more mindful of their appearance and anxious that an untidy, ungroomed look may harm their prospects of social and career success, resulting in increased demand for men’s grooming goods and increased sales of men’s grooming products.

The men’s grooming products market, ranging from essential personal grooming items to skincare and cosmetics, has continued to witness a significant rise in demand for men’s grooming products in China over the last several years.

Chinese millennials and the younger generation mainly drive the men’s grooming products market; thus, the market is expected to increase significantly throughout the projection period.

In recent years, demand for men’s grooming products has grown as Indian men have become more conscious of their appearance as a result of the rise of social media platforms such as Instagram and Facebook, where they are exposed to celebrity grooming routines and a plethora of new products that offer targeted solutions for escalated demand for men’s grooming products as well as sales of men’s grooming products.

The retail men’s grooming products market has benefited from the growth in disposable income in the hands of the youth. Furthermore, due to the vast range in men’s grooming products market available in various online retail shops such as Amazon, Flipkart (by Walmart), Nykaa, JioMart, and others, E-commerce helped raise sales of men’s grooming products in India throughout 2020.

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Which Region Offers the Largest Opportunity for Sales of Men’s Grooming Products?

North America is predicted to be the most attractive men’s grooming products market producer, with an absolute dollar opportunity of roughly US$ 14,097.4 Mn.

The region’s men’s grooming products market has moved from a traditional concentration on shaving to a broader view of personal care in recent years.

As a consequence of the rising demand for a trimmed beard over a shaven look, consumers are adopting a variety of shaving practices, increasing sales of men’s grooming products across the area.

What is the Competitive Landscape of Men’s Grooming Products Market?

The men’s grooming products market is highly competitive, with numerous regional players, small- and medium-scale players, and key international players such as Procter & Gamble Co., Beiersdorf AG, and L’Oréal SA.

The emergence of small-scale, private-label brands resulted from men having envisaged a connection with grooming products and having become more health-conscious than before. New product innovations and expansions are the key strategies the prominent men’s grooming products market players adopt.

In January 2022, L’Oréal acquired the United States superfood skincare specialist Youth to the People in a move set to deepen ethical offerings in a very competitive men’s grooming products market offerings.

In May 2020, Gillette launched King C. Gillette, a complete range of grooming and beard care products for men. The range was categorized into three sections such as shave and edge, trim, and care.

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Plus Size Clothing Market is Projected to Expand at a Prolific CAGR of 5.7% from 2022 to 2032

The plus size clothing market is expected to escalate at a CAGR of 5.7% from US$ 601.7 Bn in 2022 to US$ 1,044.3 Bn by 2032.

The COVID-19 epidemic had a negative impact on the market share for plus-size clothing. The sales of plus size apparel have fallen as a result of a lack of labour, production issues like fabric shortages and order cancellations, lower exports, and a decline in consumer spending on non-essential items.

Sales of plus size clothing are anticipated to increase at the quickest rate during the duration of the prediction. The need for products that give the same level of luxury as customers in other sizes will increase the market for plus-size clothes between 2022 and 2032.

In response to the rising demand for plus size clothing, retailers are focusing on launching plus size apparel. In order to attract more customers, Walmart launched a new plus-size brand named Terra and Sky in 2018. High street plus size apparel retailers such as River Island, Marks & Spencer, and New Look offer a wide range of plus size items to suit demand.

This move by the multinational companies is anticipated to boost the sales of plus size clothing and plus size clothing market revenue growth in the forecast period.

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The market share for plus-size clothes is increasing as obesity and overweight problems become more prevalent. Additionally, the desire for plus size apparel that represents the most recent fashion trends rises as plus-size clients’ confidence in their bodies increases.

Strong fashion marketing and promotional efforts, especially on the covers of magazines like Vogue, Cosmopolitan, Elle, and Glamour, have increased plus-size women’s self-confidence and body acceptance, which has improved plus size clothing sales.

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The market for plus size apparel has also been boosted by a number of factors, including celebrity endorsements and a positive public impression of persons who are plus sizes.

KEY TAKEAWAYS:

  • The male category is expected to lead the plus size clothing market in terms of customer orientation.
  • The casual wear category dominated the plus size clothing market, with a CAGR of 4.8 percent, due to increased acceptance and acceptability of casual wear among consumers for social occasions.
  • During the forecast period, the mid-priced plus-size clothing segment is expected to dominate the plus size clothing market.
  • With the greatest obese population and the most money spent on plus size clothing, the United States leads the market.
  • The Asia-Pacific region is forecast to grow at the highest rate, resulting in rising obesity rates among individuals in the next years.
  • Europe is expected to develop rapidly in the global plus size clothing industry from 2022 to 2032.

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COMPETITIVE LANDSCAPE:

Key companies profiled in the plus size clothing market report include Forever21 Inc., MANGO, H&M Hennes & Mauritz AB, Hanesbrands Inc., FTF IP COMPANY, INC., Lucky Brand LLC, Under Armour®, Inc., NIKE, INC., ASOS plc, RALPH LAUREN CORPORATION, and WHP Global (Anne Klein).

There is tremendous manufacturer competition in the plus size clothing market. New product introductions, assisted by advertisements and promotional events organised by major manufacturers and designers, are driving the growth of the plus size clothing market.

RECENT DEVELOPMENT:

Partnerships, Product Launches, Collaborations, and Agreements:

  • Customers were thrilled when LOFT, a business that creates contemporary women’s clothing, announced the addition of a plus-size category to its catalogue in 2018.
  • PVH bought True & Co., an online start-up, in 2017 to expand their plus-size innerwear product line.
  • The name “Evans Outsize” has been changed to “Evans.” In 2018, Marks and Spencer replaced the phrase “plus size” with “curve” to appeal to customers.

Key Segments

By Product Type:

  • Casual Wear
  • Formal Wear
  • Sportswear
  • Others

By Consumer Orientation:

  • Male
  • Female

By Size Type:

  • 1 XL
  • 2 XL
  • 3 XL
  • 4 XL
  • Above 4 XL

By Price Range:

  • Economy
  • Mid-Range
  • Premium

By Region:

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

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Future Market Insights Inc.
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Indonesia Pet Care Market is Anticipated to Touch a Value of Nearly US$ 5,372.8 Mn in the year 2032

The global Indonesia pet care market  is estimated to reach US$ 2,092.1 Mn in 2022 and is projected to surpass US$ 5,372.8 Mn by 2032, at a CAGR of ~9.9% from 2022 to 2032. Indonesia pet care market is anticipated to contribute a demand share of approximately ~0.9% – 2.0% in global pet care market.

Pet humanization is a growing trend where owners are treating their pets as their family members. Pet humanization is a one of the key factors increasing the demand for luxury goods in the market.

Other factors such as growing rate of pet adoption coupled with increasing per-capita spending on pets are driving the demand for luxury pet products and services. As pets are treated as an integral part of the family, people owning pets take care of their pets in a manner similar to parents taking care of their children in a family.

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Pet owners are very serious about their responsibilities toward their pets. This is encouraging pet owners to invest extensively in spending for the well-being of their pets and are willing to spend more on luxuries.

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They are also spending on luxuries and necessities such as pet clothing, beds, medications, grooming services, and other veterinary services. This is one of the primary factors driving the demand for pet luxury goods in Indonesia pet care market.

Key Takeaways from the Indonesia Pet Care Market Study

  • In terms of service, pet food is expected to hold a noteworthy revenue share over the forecast period.
  • Based on professional service, the grooming boarding segment is expected to witness robust growth during the assessment period
  • Veterinary care segment is projected to account for maximum share over the forecast period
  • By service channel, the online retail segment will dominate the market owing to the growing penetration of e-commerce industry
  • By pet type, cats are expected to account for lion’s share in the global market during the forecast period

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 “Growing acceptance of technologically advanced automatic pet care, increasing expenditure on pets coupled with rising adoption of dogs and cats will boost the market revenue” says an FMI analyst.

Impact of COVID-19 on the Indonesia Pet Care Market 

Indonesia is one of the rapidly emerging South-Asian economies, and the growth is fuelled by the rapidly increasing urbanization and industrial rates. This demographic shift is critical to the pet food market’s future growth.

Pet ownership is on the rise among millennials across the globe. According to the Indonesian Pet Food Association, the sector is growing at a rate of 20% per year, with Java accounting for 60% of the market, home to the capital Jakarta and other major cities.

The COVID-19 pandemic has contributed to the increase in the number of pet adoption, as people feel pets could be their companions during their time at home. Further, the presence of pets not only reduces loneliness and boredom but also increases mental and physical health.

Who is winning?

Major players present in the pet care market are MSD Animal Health, Mars Incorporated, HAPPY PET Investment Holding GmbH, PT. NUTRICELL PACIFIC, Colgate-Palmolive Company, JM Sucker Co., Nestle SA, PT Central Proteina Prima Tbk, Groovy Vetcare Clinic, Bali Pet Shop PT, KW Aquatic Supplies Sdn Bhd, PT Citra Mandiri Kencana, and Menara Petskita Indonesia among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Indonesia pet care market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Indonesia pet care market based on the service (product{ pet food, pet healthcare, fashion, toys, and accessories}, professional service {day care, grooming boarding, pet breeding, and training} value-added services {insurance, veterinary care, pharmacy, adoption and charity, crisis relief service}) pet type (dogs, cats, birds, fish and reptiles, small pets, and horses & other livestock), service channel (modern trade, convenience stores, care services centers, veterinary clinics, online retailers, support care centers and pet specialty stores.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Future Market Insights Inc.
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Secondhand Apparel Market Industry Overview Research Report 2032

The global secondhand apparel market is estimated at US$ 71,225.6 million in 2022 and is projected to expand at a prolific CAGR of 14.8% from 2022 to 2032, reaching a valuation of US$ 282,748.6 million by 2032. Growing popularity of secondhand apparel among general masses due to their less expensive nature and better quality is a key factor driving demand for secondhand apparel in the market.

Consumers have become increasingly interested in eco-friendly clothing options. Focus on sustainability and higher degree of consciousness have propelled the secondhand apparel market growth. Even as restrictions implemented amid COVID-19 cause supply-chain disruptions, the market is expected to register year on year growth at 4.8% in 2021.

Product reviews and other features of e-commerce help merchants to study purchase patterns, and trends to create products and services that meet the needs of potential buyers. This provides useful information that retailers can use to develop effective marketing strategies.

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The presence of companies such as ThredUP and Poshmark that cater to the demand for inexpensive and ecological alternatives to new clothes will push growth in the coming years. The expansion of online distribution channels also will bode well.

To retain clients, numerous fashion retailers are implementing recycling initiatives and releasing new collections of clothing made from eco-friendly fibers. Increasing consumer awareness of online resale platforms and fast-growing online start-ups offer pre-owned branded and designer goods and rental ethnic wear.

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Key Takeaways from the Secondhand Apparel Market Study
  • Shirts & t-shirts are expected to hold a market share 29% in 2021 owing to changing consumer preference with an expanding working woman labour force.
  • Online retailing is likely to remain a lucrative channel of distribution over the forecast period with a 18.7% CAGR owing to the wider choice of products.
  • Sub-Saharan Africa will dominate MEA accounting for more than 50% of the value share through the end of 2031, owing to the popularity of used clothes.
  • Pakistan accounts for more than 40% of secondhand apparel sales in South Asia, owing to the presence of a large lower socio-economic consumer base.
  • Guatemala leads in the Latin America accounting for over 30% value share through the forecast period.

Impact of COVID-19 on the Market:

Consumers are not just buying fewer non-essential items, but they are also buying higher-quality clothing rather than cheap and disposable options. Customers have also transitioned from offline to online shopping options.

During the COVID-19 crisis, e-commerce has been dominant and retailers have invested in an online presence. Prior to the shutdown, internet retailers devised interim methods for the sales of their wares online.

The secondhand apparel market has been hampered by a labour shortage in the industry. Reduced transactions over viral transmission fears are have also caused issues in the short term.

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Who is Winning?

Key players in the secondhand apparel market are aiming for strategic collaborations and other marketing strategies to expand their business and attract a larger customer base.

Some of the key players present in the secondhand apparel market are ThredUp Inc., The RealReal, Patagonia Inc., Poshmark, StockX, Vinted, eBay Inc., Micolet, Thrift+, Tradesy Inc., Chikatex, HunTex Recycling Kft, A&E Used Clothing Corporation, Mobacotex, Percentil. Maroc among others.

Secondhand Apparel Market by Category

By Sector:

  • Resale
  • Traditional Thrift Stores and Donations

By Product Type:

  • Dresses & Tops
  • Shirts & T-shirts
  • Sweaters, Coats & Jackets
  • Jeans & Pants
  • Others

By Target Population:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Independent Small Stores
  • Departmental Stores
  • Online Retailers
  • Others

By Region:

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

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports