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The global patio umbrella market is likely to reach US$ 965.1 million by 2032, up from US$ 538.8 million in 2022 advancing at a CAGR of 5.8% during the forecast period.

The growth of the travel and tourism industry is considered to be the major factor for the growth of the beachside umbrella market. Increasing per capita income and urbanization are driving the growth of the market.

What is Driving Demand for Patio Umbrella?

The majority of people all around the globe have always been excited to rejuvenate, relax, and enjoy a vacation in coastal areas.

Because beachside a perfect place to spend time with the loved ones at a less expanse. But, to avoid the causes of the diseases due to the ultra-violet radiation of the sun, people carry an umbrella with them. That is why the market of the seaside umbrella is rising during the forecast period because of the increased footfall of tourists at a seaside area.

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Furthermore, the rise in the number of travel bloggers and regional governments’ activities are promoting the famous coastal landscapes all over the world. They encourage people by promoting popular tourist destinations, regional markets, famous foods, and other leisure activities, such influencing factors motivated tourist to plan their leisure activities at a coastal area

Factors that Likely to Augment Patio Umbrella Sales

People like to travel to the beach for enjoying sunbathing all over the world. Like North Island in Seychelles, Reethi Rah, North Malé Atoll, Maldives, White Beach, Boracay, and The Philippines are some beaches famous for sunbathing. The trend of sunbath on the beachside is growing day by day because the sun is the best source for the improvement of the immune system.

But at the same time, the prolonged exposure to sun rays can harm the eyes and skin. Sunbath for a longer time can cause wrinkles, blemishes, skin ageing and sunspots and also cause skin cancer and eyes problems like pterygium and cataracts. For this situation, people prefer beachside umbrellas as a lifesaver.

These umbrellas not only provide shade to the tourist but also protect them from the ultraviolet rays that are coming from the sun. These umbrellas are also useful in the summer season. Beach brolly is easy to set up and that is why with this advantage the demand for the seaside umbrella is growing.

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For instance, beachBRELLA (a premium line of boutique Patio Umbrellas) introduced a handmade 100% UV protective umbrella that protects the tourist from the harmful effects of the sun rays. It makes the beachside umbrella with canvas and denim and its umbrellas are lightweight which is easy to carry, fade-resistant, and are available with many customs designs. In this way, the sale of beach brolly rises due to the harmful effects of the sunrays.

Impact of COVID-19 on Patio Umbrella Market

Due to the covid-19 pandemic, the world is facing unprecedented health, economic, and global emergencies. This pandemic has harmed the travel and tourist industry because several countries have closed their foreign borders with neighboring countries. As a result, sales of Patio Umbrellas are adversely affected.

According to UNWTO World Tourism Barometer, international tourism declined over 70% in 2020, back to levels 30 years ago. Even after taking the vaccine, somewhere people are scared about another wave of COVID-19, which is restricting them from domestic as well as foreign travel.

Apart from foreign tourists, local tourists are restricted from travelling to domestic tourist places that have hampered the income of the hotels, restaurants, local markets, and individual vendors.

Who are the Key Manufacturers and Suppliers of Patio Umbrella?

Some of the leading manufacturers and suppliers of beachside brolly include

• Tommy Bahama
• beachBUB
• AMMSUN Industrial Group Limited
• The Umbrella Connection
• East Coast Umbrella Inc.
• Implus Footcare, LLC
• Beach Brella.
• ShelterLogic Corp.
• Sinobest Umbrella Co., Ltd.
• Shinetech, Frankford Umbrellas.

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• Comprehensive analysis on evolving purchase pattern across different geographies
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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Key Segments Profiled in the Patio Umbrella Market Survey

By Product Type:

• Centre Pole Umbrellas
• Offset Pole Umbrellas
• Table Umbrellas
• Tilting Umbrellas

By Size:

• 5 Feet – 7 Feet
• 5 Feet – 10 Feet
• More than 10.5 Feet

By Canopy Material:

• Polyester
• Canvas
• Others

By Base Type:

• Wood
• Metal
• Plastic
• Other

By End Use:

• Commercial
• Personal

By Distribution Channel:

• Direct Sales
• Hypermarkets/ Supermarkets
• Specialty Stores
• Online Retailing
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• The Middle East and Africa
• Europe

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The  elaeis guineensis (palm) fruit extract  is projected to reach USD 59.08 billion in 2032, and is likely to surge at a CAGR of 6.1% during forecast period of 2022-32

The byproduct of extracting palm oil is elaeis guineensis (palm) fruit. There are several ways to extract the fruit of Elaeis guineensis (palm). Oil and bioactive compounds are the two main types of extracts found in Elaeis guineensis (palm) fruit.

In the market, there is a higher demand for its oil alone. Crude palm oil, elaeis guineensis (palm) fruit extract, and palm kernel oil are the three main categories for palm oil.

Fruit extracts from Elaeis guineensis (palm) are mainly used in the food, beverage, cosmetic, and pharmaceutical industries. Antioxidants found in Elaeis guineensis (palm) fruit extracts aid in natural skin toning. Using Elaeis Guineensis is thought to have the ability to slow down the ageing process (palm) extracts due to its antioxidant property

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A palm fruit contains tocochromanols in the range of 150-160 mg of and almost 30 mg of carotenoids. It is considered healthy for human body. Thus elaeis guineensis (palm) fruit extract has a significant usage in various industries including cosmetic, food & beverages etc. The supplements made from Elaeis Guineensis (palm) fruit extracts are believed to have skincare, and haircare property and also helps in reducing wrinkles & lines on skin.

Elaeis Guineensis (Palm) Fruit Extract Market: Market Dynamics

Consumer awareness of health and safety is rising sky high. Consumers are now focusing on products that are either natural or organic due to their growing knowledge. This has a significant impact on the market. Consumers today are searching for natural or organic food items, natural cosmetics, etc.

Manufacturers have been compelled to develop pertinent products or products with such ingredients due to the rising demand for natural or organic products. Customers favour using healthy oils for cooking and eating natural foods, among other things. Due to its health benefits, Elaeis guineensis (palm) fruit extract oil is being used more and more frequently across the globe.

Elaeis Guineensis (Palm) fruit extract is also growing in market due to its beneficial properties for human body whether it is skincare, haircare or for human health. Elaeis Guineensis (Palm) fruit extract contains healing agents, regenerating or revitalizing agents, antioxidants, anti-aging and anti-acne care properties which drives usage in natural cosmetic products. Due to the growing market demand, manufacturers are producing the Elaeis Guineensis (Palm) fruit extracts.

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Elaeis Guineensis (Palm) Fruit Extract Market: Regional Outlook

Changing lifestyle and growing health & fitness consciousness generate demand for natural and organic products across the world. Developed countries such as North America, Europe are the key countries are believed to have the highest rate of usage of Elaeis Guineensis (palm) fruit extracts. Europe’s higher cosmetic companies’ concentration have also drive the Elaeis Guineensis (ealm) fruit extract market for the particular region.

Asia Pacific is believed to have a significant growth rate for Elaeis Guineensis (palm) fruit extract companies due to the higher degree production of palm trees in Indoneisa and Malaysia. The end product demand is estimated to generate from China, Japan, India, Korea, and other countries in this region. Malaysia & Indonesia have more than 50% of the total palm production in the world. The Middle East & Africa is projected to contribute a significant share of the global market over the forecast period.

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Elaeis Guineensis (Palm) Fruit Extract Market: Key Players

Some of the major players in the Elaeis Guineensis (Palm) Fruit Extract market are Connoils USA, Oil Palm India Ltd., AMJ Indonesia, PT Global Interinti Industry, Soon Soon Oilmills Sdn Bhd, Mewah Group and others. These key market players are estimated to enhance the Elaeis Guineensis (Palm) fruit extract market growth with innovative product formulations and its launch.
KEY SEGMENT

Based on form:

• Oil
• Crude Palm Oil
• Palm Kernel Oil
• Bioactive Compounds

Based on extraction method:

• Supercritical Carbon Dioxide
• Aqueous
• Solvent Extraction
• Cold Pressed
• Others

Based on nature:

• Organic
• Natural

Based on price:

• High Range
• Mid-Range
• Low Range

Based on end use:

• Cosmetics
• Food & Beverages
• Others

The digital BBQ tongs and thermometer market size is expected to register a CAGR of 4.5% during the forecast period, up from US$ 5.4 Bn in 2022 to reach a valuation of US$ 8.54 Bn by 2032.

During the forecast period, it is anticipated that the market for digital BBQ tongs and thermometers will exhibit encouraging growth prospects.

Due to technological advancements in BBQ tongs and thermometers, rising health awareness, and disposable income, sales of digital BBQ tongs and thermometers are predicted to increase.

Digital barbecue tong and thermometer sales are anticipated to increase as e-commerce channels develop and consumer preferences for online shopping increase. Sales of digital BBQ tongs and thermometers are being driven by rising consumer health consciousness, which is also helping to expand the market for these products.

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The industry is expected to be fueled in the near future due to manufacturers’ increased R&D investment, which is increasing the demand for digital BBQ tongs and thermometers. Consumer adoption of smart technologies is propelling the global digital BBQ tongs and thermometer market forward.

The global digital BBQ tongs and thermometer market is growing in response to rising concerns about food safety and health.

Furthermore, the demand for digital BBQ tongs and thermometers is being driven by the rising popularity of e-commerce websites and the growing trend of online shopping. Furthermore, rising consumer and chef knowledge of the significance of maintaining a safe cooking temperature is projected to boost the demand for digital BBQ tongs and thermometer, and as a result, the sales of digital BBQ tongs and thermometer is also anticipated to grow.

What are the Growth Propellers of the Digital BBQ Tongs and Thermometer Market Share?

With ongoing product innovation and automation, the household appliances business is currently undergoing substantial changes. As a result of this, the demand for digital BBQ tongs and thermometers is growing rapidly. Furthermore, due to the tremendous growth of the electronics industry globally, manufacturers are adding new features to traditional products on the market to boost the sales of digital BBQ tongs and thermometers.

Removable backlit LCD display screen, audio alert whistles, automatic shutoff, tong locks, and other functions are included in the digital BBQ tongs and thermometer market.

The digital BBQ tongs and thermometer include a pair of tongs as well as a digital meat thermometer. To measure the temperature of the meat while flipping and grasping it, digital BBQ tongs and thermometer are increasingly utilized. As a result of this, the demand for digital BBQ tongs and thermometer is rising.

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In the near future, the digital BBQ tongs and thermometer market share is likely to be driven by rising customer spending on novel kitchen appliance items.

The global growth of the digital BBQ tongs and thermometer market is being fuelled by increasing brand consistency among end-users. During the forecast period, rising disposable income in countries such as India, Thailand, Argentina, Mexico, and others is likely to boost the sales of digital BBQ tongs and thermometer.

Furthermore, the advantages of digital BBQ tongs and thermometers over conventional ones with little price difference are driving the value growth of the digital BBQ tongs and thermometer market.

 Which is the Leading Region in the Digital BBQ Tongs and Thermometer Market?

Due to increased e-commerce penetration and the rise of the electronics industry, the sales of digital BBQ tongs and thermometer is predicted to grow significantly in emerging countries such as India, Brazil, Mexico, Thailand, and others.

Furthermore, rising public awareness of modern digital BBQ tongs and thermometers in developing countries is likely to drive market growth in terms of both value and volume throughout the forecast period.

Due to the early growth of the electronics industry and the presence of a significant number of department stores, hypermarkets, supermarkets, and other stores in the region, North America and Europe are expected to hold a significant amount of digital BBQ tongs and thermometer market value share.

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Due to rising disposable income in the Asia Pacific region, the market for digital BBQ tongs and thermometers is predicted to rise significantly during the forecast period. Due to the presence of a sophisticated electronics sector and considerable e-commerce penetration, the digital BBQ tongs and thermometer market in Japan and China are likely to hold a significant position in the Asia Pacific market.

Who are the Key Players in the Digital BBQ Tongs and Thermometer Market?

Key players are mostly focused on product innovation and variety of features in kitchen appliances. In terms of value, this trend is favorably influencing the growth of the digital BBQ tongs and thermometer market. Furthermore, a prominent trend driving the growth of the digital BBQ tongs and thermometer market is the increasing usage of smart and modular kitchens in households.

MAN LAW Australasia Pty Limited, Flame King, BBQ Pro Club, Kovot, Space grill, Sunartis, BBQ Spit Rotisseries, Williams-Sonoma Inc., Thermoworks, and Admetior are some of the key players in the global Digital BBQ Tongs and Thermometer market. During the forecast period, these companies are projected to have a beneficial impact on the growth of the digital BBQ tongs and thermometer market.

The fragrant drawer liners market is anticipated to grow its roots during the forecast period at a low CAGR of 5%. The global market is expected to generate US$ 83 million in revenue in 2022 and US$ 128.76 million by the end of 2032.

During the forecast period, it is expected that the market for scented drawer liners will exhibit encouraging growth prospects.

The main purpose of fragrant drawer liners is to protect shelves and drawers while maintaining a clean, hygienic environment. Without the use of room sprays or other similar products, fragrant drawer liners also give off a clean scent.

These fragrant drawer liners are used in kitchen cabinets, bathroom vanities, bedroom wardrobes, and home cabinets and drawers. Customers prefer non-adhesive fragrant drawer liners because they are easy to remove, do not cause dents or scratches to shelves or drawers, and do not stick to them.

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Fragrant drawer liners are widely utilised in a variety of industries since they are both easy to handle and reusable. The majority of manufacturers’ aromatic drawer liners are bleach-free and machine washable.

Supermarkets are a popular place to buy these aromatic drawer liners. The market for aromatic drawer liners is thought to be the largest in North America. Emerging economies like China and India are predicted to rise significantly during the projection period.

Fragrant Drawer Liners Market: Market Dynamics

According to estimates, coloured and printed fragrant drawer liners are a very alluring option for end users. Chemical, acid, detergent, and grease resistant adhesive and non-adhesive drawer liners are being produced by the manufacturers. Each box has six, twelve, or eighteen sheets.

The Food & Drug Administration (FDA) has regulations that apply to the manufacturing of scented drawer liners. The majority of producers make scented, bleach-free, machine-washable drawer liners. Aromatic drawer liners are primarily found in supermarkets and hypermarkets. Additionally, the market is driven by the availability of fragrant drawer liners on online stores. Thus, the sales of fragrant drawer liners are also driven by the easy availability and growth of shelf liners.

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Fragrant Drawer Liners Market: Regional Outlook

In terms of geography, the fragrant drawer liners market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, and Oceania. North America and Europe are expected to dominate the market due to its reusability, protective nature from scratches and easy use. The fragrant drawer liners market is expected to register a healthy growth across all the geographies during the forecast period. Growing number of hotels, laundries increasing awareness on sanitary products are likely to driving the sales of fragrant drawer liners.

Emerging countries, such as China and India are the key markets with immense opportunity for fragrant drawer liners market due to high presence on online or e-commerce. Growth of the market depends upon the standard of living and product awareness among consumers. North America dominates the fragrant drawer liners market due to high standard of living of consumers, and high adoption rate of shelf liners.

Additionally, other developed regions such as Europe and Oceania are projected to showcase steady growth in the global fragrant drawer liners market due to higher product knowledge, product availability on physical stores/supermarkets and in online.

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Fragrant Drawer Liners Market: Key Players

Some of the key players operating in the global Scentennials Products, Orlandi, print Fragrancing (UK), Crabtree & Evelyn and others.

The research report presents a comprehensive assessment of the Fragrant Drawer Liners 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 Fragrant Drawer Liners market. The research report of Fragrant Drawer Liners provides analysis and information according to market segments such as geographies, product type, price, and application

The Fragrant Drawer Liners market report covers exhaustive analysis on:

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

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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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The car covers market size is anticipated to grow from US$ 798.6 Mn in 2022 to a valuation of US$ 1074.03 Mn by 2032, with a CAGR of 2.5%.

Over the course of the forecast period, it is anticipated that the global market for car covers will expand quickly due to rising consumer disposable income, wide variations in consumer living standards, and rising demand for cars, particularly automobiles.

The global market for car coverings is anticipated to expand quickly over the course of the projected period due to rising consumer disposable income, significant differences in customer living standards, and growing demand for cars, particularly automobiles.

The exterior paint and refinish texture of the car are kept from fading and losing their lustre by car coverings. The interior electronics of the car, such as the air conditioning, car music, and mechanisms, may also be protected from the sun’s harmful rays.

The market offers a variety of vehicle covers that are constructed of various materials and serve a variety of purposes, therefore the producer concentrates on implementing new technologies to launch new products with.

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Car Covers Market: Dynamics

The primary driver of the market for car covers is the increasing awareness of vehicle safety among people or car owners. Car covers protect the paint and electronic components from the sun’s harmful rays in addition to protecting the car from various elements like bird droppings, tree leaves, stones, and other small objects. There are many purposes and advantages for car covers, and their popularity is rising quickly.

Additional factors that have an impact on the market growth for car covers include the expansion of the automotive industry, the growth of the automotive equipment market, the rising demand for car covers as a result of climate change and global warming, as well as other factors.

However, there are some small disadvantages or we can say the demerits of the usage of car covers, such as it may damage the paint of the car due to the friction between car cover and car, if it does not fit properly.

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The prominent players involved in the manufacturing of car covers are focusing on the introduction of automatic and semi-automatic car covers. Automatic Car covers are the new trend in the car covers market and expected to capture the significant amount of market in the future. Also the semi-automatic car covers are attracting the end users and creating more opportunistic market.

Car Covers Market: Regional outlook

East Asia is predicted to lead the global market for car covers during the forecast period due to the region’s expanding automotive industry, rising adoption of new technologies, and the presence of numerous car cover suppliers in the area.

Due to rising vehicle safety awareness and rising demand for car covers in Germany and the rest of Europe, Europe is expected to experience strong growth. North America is a sizable emerging market for car covers and is predicted to experience double-digit revenue growth.

Substantial car covers production is expected in the Latin America market, owing to the growing adoption of new technologies and increasing number of local vendors in this region. The car covers market in Middle East and Africa is estimated to witness relatively stable growth.

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Key Segments

By Product Type:

• Conventional
• Automatic
• Semi-Automatic

By Type:

• Custom car cover
• Universal car covers

By Application:

• Individual and Vehicle Manufacturers
• 4S store

By Sales Channel:

• Online Shopping Portals
• Automotive OEM Centers
• Independent Aftermarket Vendors

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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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The built-in hobs market sales is projected to reach a valuation of US$ 3.9 Bn in 2022. Sales are projected to increase at a 7.6% CAGR, with the market surpassing US$ 8.1 Bn by 2032.

Furthermore, innovations in technology, such as the introduction of smart kitchen equipment that can be managed remotely, are further accelerating the sales. As more people become concerned about their kitchen aesthetics, the demand for gadgets such as sanitary and oil/smoke-free cooking conditions has grown significantly, pushing the demand for built-in hobs in the market.

Growth in the market is underpinned by availability of large range of products across online and offline distribution channels coupled with growing adoption of modular and innovative appliances.

Further, with the rising urbanization, the demand for convenience, safety, and aesthetic appeal of built-in hobs has surged the sales in the market. Moreover, the development of luxury residences, renovation and restoration of existing kitchens is propelling the demand for premium kitchen appliances.

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Key Takeaways from the Built-in Hobs Market Study

• India is expected to be dominate the South Asia built-in hobs market on the back of growing adoption of smart kitchen and home appliances in the country.
• In terms of product type, the electric hob segment will account for significant share in the global built-in hobs market.
• By burner-type, 4 burner segment will gain traction over the forthcoming decade in the built-in hobs market.
• Based on sales channel, exclusive stores are expected to be the leading sales channel for built-in hobs.

Who is winning?

New entrants face moderate to high entry barriers to the market because of the high costs of research and development and the high initial costs of setting up shop. Innovations and player consolidations drive the industry as a whole. To obtain an advantage over their rivals and to expand their product range, manufacturers are focused on numerous facets of innovation.

Major players present in the built-in hobs market are Robert Bosch GmbH, Häfele, Stove Kraft Limited, TTK Prestige Limited, Somany Home Innovation Limited (SHIL), Franke-Faber, CATA Electrodomesticos India, Sunflame Enterprises Private limited, Electrolux AB.

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Built-In Hobs Market By Category

By Product Type:

• Electric Hobs
• Ceramic
• Others (Induction, gas)

By Burner Type:

• 2 Burner
• 3 Burner
• 4 Burner
• Others

By Sales Channel:

• Multi-brand Stores
• Exclusive Stores
• Online Stores
• Independent Stores
• Others

By Region:

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

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global built-in hobs market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the built-in hobs market based on the product type (electric hobs, ceramic, others), burner type (2 burners, 3 burners, 4 burners, others), sales channel (multi-brand stores, exclusive stores, online stores, independent stores and others) across seven major regions.

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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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The global laundry care market is expected to total between US$ 25 Bn and US$ 35 Bn in 2021. With growing demand for eco-friendly packaged laundry care products and increasing adoption of detergent pods, demand for laundry care products will increase at a high pace.

In terms of volume, FMI has forecast the laundry care market size to grow by 4% CAGR between 2021 and 2031. According to the report, over 16% – 21% of home & laundry care market sales are contributed by laundry care products.

Some of the top laundry care market players are introducing liquid detergents with plant-based ingredients in response to the surging demand for organic homecare products. On account of this, sales of laundry care products are expected to increase at 4% CAGR in terms of volume between 2021 and 2031.

Sales of liquid detergents are anticipated to rise as consumers choose them more frequently because they offer improved compatibility with washing machines and clean delicate textiles more effectively without causing damage.

Increasing adoption of advanced and automatic laundry machines which are compatible with detergent pods and liquid detergent also will improve the sales of liquid laundry detergents. Demand for sustainable and plant-based liquid detergents is rising, especially across India, China, and South Korea, which is expected to positively impact the growth in the market.

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Historically, demand for laundry care products increased at 4% CAGR between 2016 and 2020. However, with unprecedented outbreak of COVID-19 and increasing awareness for personal hygiene, demand for organic liquid detergents and fabric softeners has burgeoned.

According to the report, emergence of e-commerce platforms and promotion of plant-based liquid detergents and laundry care products will continue accelerating the demand in the laundry care market.

Key Takeaways from FMI’s Laundry Care Market Study

• Based on product type, the fabric softeners segment is poised to expand at over 5.6% CAGR 2021
• In terms of source type, synthetic segment is expected to register growth at 5.1% CAGR during the forecast period
• Sales of powder laundry care products are expected to reach US$ 38.5 Bn between 2021 and 2031
• South Korea and Japan are expected to account for over 22% and 34% of global sales in 2021, respectively
• India and China are expected to spearhead the growth of South and East Asia laundry care market, respectively during the forecast period

Competitive Landscape

As per FMI, top players are expected to account for over 25%-35% of global market share in 2021. Key players are focusing on collaboration with e-commerce and local vendors to increase their revenue.

Some of the key players are also introducing sustainable and plant-based laundry care products, targeting vegan consumers, to create lucrative revenues.

For instance, In September 2020, Woolite, a subsidiary of Reckitt Benckiser Group PLC, announced the launch of stain remover wipes which is made up of non-toxic ingredients and with eco-friendly packaging effective on all kinds of stain.

Some of the players operating in laundry care market profiled by FMI are Procter & Gamble Co., Unilever PLC, Colgate-Palmolive Company, Henkel AG & Co. KGaA, Reckitt Benckiser Group PLC, Amway Corporation, Kao Corporation, S.C. Johnson & Son Inc., LG Household & Health Care Ltd., Golrang Industrial Group, Lion Corporation, Church & Dwight Co., Inc. and Alicorp S.A.A. among others

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Laundry Care Market by Category

Product Type:

• Fabric Softeners
• Laundry Detergents
• Others

Distribution Channel:

• Wholesaler/Distributors
• Supermarket/Hypermarket
• Convenience Stores
• E-Commerce
• Grocery Stores
• Others

Source Type:

• Synthetic
• Organic
• Others

Form Type:

• Powder
• Cake/Block
• Liquid
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Middle East & Africa

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The colour cosmetics market leads to an estimated CAGR of 5% in the global market during the forecast period and registers a revenue valued at US$ 52.5 Bn in 2022 and is expected to cross US$ 85.52 Bn by 2032.

Thanks to the growth of distribution channels and the growing adoption of social media platforms, sales of colour cosmetics have skyrocketed. Additionally, it is projected that throughout the projection period, the rising demand for cruelty-free cosmetics would propel sales of vegan colour cosmetics.

The growing demand for eco-friendly cosmetics and the inclusion of cutting-edge technologies like artificial intelligence will be favourable for the market for colour cosmetics. AI is being used by top colour cosmetic firms like L’Oreal and others to enhance the comparison and visualisation of hundreds of cosmetic colour variations.

Besides this, key players are investing extensively in research activities to include organic and natural color cosmetics such as face and eye makeup products in their portfolio. This is expected to bode well for the market.

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As per FMI, facial make-up segment is expected to remain dominant in the global color cosmetic market during the forecast period.

Key Takeaways from FMI’s Color Cosmetics Market Study

• Based on product type, natural & organic color cosmetic segment will account for nearly 49.9% of market share over the next five years.
• In terms of product category, sales in the eye makeup segment will total US$ 15 Bn by 2026
• In terms of price, premium color cosmetic segment is expected to account for over 60% of global market share
• China and South Korea are expected to spearhead the growth across East Asia color cosmetic market
• Supermarkets are expected to remain the preferred distribution channel in the color cosmetics market, however, sales via e-commerce are expected to pick up at a higher pace
• The U.S. is expected to dominate the North America color cosmetic market, with sales of color cosmetics across North America surging at 2% CAGR through the assessment period.

Competitive Landscape

As per FMI, top players are expected to account for over 30%-35% of global market share in 2021. Presence of numerous leading players in the market have led to intense competition. In order to gain competitive edge, key players are collaborating with social media influencers and e-commerce giants.

Also, some of the manufacturers are introducing new products under the clean-label category in order to capitalize on surging demand for organic and natural color cosmetic products. They are also investing in research and development activities to develop products with extended shelf-life.

Some of the key players profiled by Future Market Insights are L’Oréal SA, LVMH (Moet Hennessey Louis Vuitton), Estee Lauder Companies Inc., Revlon Inc., Shiseido Co. Ltd., Chanel S.A., Coty Inc., Mary Kay Cosmetics, Amway Cosmetics, Kose Corporation, and Others.

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Color Cosmetics Market by Category

Product Type:

• Chemical
• Natural & Organic

Distribution Channel:

• Hypermarket/ Supermarket
• Convenience Store
• Specialty Store
• Direct Selling
• e-Commerce

Price:

• Economic
• Premium

Product Category:

• Nail Products
• Facial Makeup
• Eye Makeup
• Lip Products
• Hair Colour Products
• Special Effects Products

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Middle East & Africa
• Japan

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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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