Industry News Analysis Report: August 2020

Monday, August 31, 2020

Baby Diapers Market Global Industry Sales, Growth and Trends 2024

Technological advancement and increased research and development activities are leading to the launch of premium baby products that are made with high-quality materials. In the last few years, the production and design of baby diapers have evolved owing to the rapid product innovation and incorporation of advanced manufacturing processes. According to Market Research Future (MRFR), the global Baby Diapers Industry is forecasted to expand moderately at a CAGR of 6.2% during the forecast period of 2017-2023 and reach the valuation of 66.18 Bn by the end of the forecast period from USD 47.32 Bn in 2017.

Increasing utilization of advanced raw materials for the production of baby diapers such as superabsorbent polymers, elasticized waistbands, resealable tapes and others are aiding the development of innovative products, which in turn is fueling the growth of the global baby diapers market. Rapid rise in global population, increasing awareness regarding hygiene, preference of convenience over traditional practices, high disposable income and increased working women population are the primary factors that are propelling the growth of the global baby diapers market. However, high product cost, allergies and skin irritation caused due to diapers and lack of awareness regarding hygiene in the underdeveloped regions are restraining the expansion of the global baby diapers market during the forecast period.

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Market Segmentation:

The global baby diapers market has been segmented on the basis of product type, size and distribution channel. Based on product type, the baby diapers market has been segmented into disposable and non-disposable. The disposable product type segment commands for the major share in the global baby diapers market owing to the high demand for disposable products as a result of increased environmental awareness. Based on size, the baby diapers market has been segmented into small & extra small, medium, large and extra-large. The medium size segment dominates the global baby diapers market and is also projecting the fastest growth in the global baby diapers market. Based on distribution channel, the baby diapers market has been segmented into store-based and non-store based. The store-based segment has been sub-segmented into supermarkets & hypermarkets, convenience stores and others.

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Regional Analysis:

Geographically, the global baby diapers market has been segmented into four major regions such as Asia Pacific, North America, Europe and the rest of the world. The North America region is dominating the global baby diapers market owing to the increased disposable income, high awareness regarding the side effects of using traditional clothe, preference of hygienic products and availability of a variety of baby diapers for babies of all sizes and ages in this region. The Europe region is projecting significant expansion in the global baby diapers market owing to the high demand for disposable baby diapers, increasing research activities for the development of highly absorbent materials to be used for manufacturing baby diapers and awareness regarding hygiene among the population of this region. The baby diapers market in the Asia Pacific region is expanding at the fastest growth rate in the global baby diapers market during the assessment period owing to the rapid increase in population, rise in awareness regarding personal and infant hygiene, proliferation in working women population, increasing disposable income and increasing preference of convenience over traditional practices in the emerging economies of this region.

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Halal Cosmetics Market Global Industry Sales, Growth and Trends 2024

Halal cosmetics are innovation to the cosmetic industry which comply with the concept of halal (permissible) materials in cosmetics. The trend of making halal-certified cosmetics has been among the top agendas of players in the cosmetics industry. Market Research Future (MRFR) perceives the global halal cosmetics market to have a noteworthy growth and advance at a CAGR of 13.40% over the forecast period which ends in 2023.

The Global Halal Cosmetics Industry was valued at USD 22.74 Bn in 2017 and is expected to surpass USD 52 Bn mark by the end of 2023.

With the surge in Muslim populace across the globe, the demand for halal cosmetics are on the upswing. The Muslim population generally adhere to religious guidelines and halal cosmetics cater to the needs of these consumers.

To capitalize on the massive popularity of halal cosmetics, various multi-national players are making cruelty-free or halal cosmetics to appeal to a wider range of consumers.

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Surging awareness regarding animal welfare, social responsibility and environmentally-friendly products coupled with growing trend of veganism has been a major drive for the growth of the global halal cosmetics market. Animal testing for beauty products has been banned in various parts of the world and various public figures have been a critical influence for the market growth. Various celebrities are promoting the use of cruelty-free products which encourage consumers to opt for halal cosmetics.

However, the growth of the market might be hindered by high costs associated with halal cosmetics and lack of standard guidelines for halal certification. Lack of awareness regarding halal cosmetics in underdeveloped regions and lack of affordability might also act as an impediment to the growth of the market.

Segmentation

The Global Halal Cosmetics Market has been segmented based on product type and distribution channel.

Product type-wise, the global halal cosmetics market has been segmented into hair care, skin care, color cosmetics, multifunctional, and others. The skin care segment is the largest segment owing to greater focus on personal care and hygiene. The color cosmetics segment is expected to be the fastest growing segment due to increasing trend of use of color cosmetics among consumers.

By distribution channel, the market has been segmented into store-based and non-store-based. The store-based segment has been further segmented into supermarkets & hypermarkets, convenience stores, and others. The store based segment is currently the leading segment while the non-store based distribution channel is expected to gain momentum over the forecast period.

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Regional Analysis

North America, Europe, Asia Pacific, and the Rest of the World (RoW) are the key markets for halal cosmetics. The North America market for halal cosmetics is considerably large and is driven by presence of a large number of cosmetics companies who are rapidly foraying into the halal cosmetics space. In addition, high disposable income and substantial demand for halal cosmetics owing to growing popularity.

Asia pacific market is slated to be the fastest growing market for halal cosmetics owing to rise in Muslim population across countries such as Malaysia, Indonesia, South Korea, Thailand, and Singapore. Moreover, the untapped markets in the region provide ample opportunities for market growth.

Europe is also a significant market and its growth can be exclusively accredited to the presence of some top-notch cosmetic companies in the region. Moreover, animal testing for beauty-care products is barred in Europe which also creates a conducive environment for the growth of the halal cosmetics market.

The Rest of the World is also expected to fare well in the coming years, especially the Middle East market due to the presence of Muslim-dominated populace in the region and their preference for halal cosmetics.

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Organic Drinks Market Global Industry Sales, Growth and Trends 2024

Increasing demand of beverages made from natural ingredients is supporting the growth of organic drinks market globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Organic Drinks Market Research Report- Forecast to 2023 that the organic drinks market will demonstrate an exceptional CAGR during the forecast period.

Globally the Organic Drinks Market Demand share in beverage industry is estimated to escalate at a higher growth rate which is supported by the rising consumption of low-calorie, natural and healthy drinks in the developed countries. The high anti-oxidant content of the organic beverage helps in the proper functioning of the body and hence the popularity is increasing in various regions. The instant powder segment of organic drinks are estimated to grow at a higher growth rate based on the convenience usage and high shelf-life. Due to the high health benefits, the consumption of organic drinks is anticipated to increase at a steady growth rate.

Consumption of instant organic drinks is increasing at a steady rate. Also, with the increase in consumption of instant drinks, the sachets segment is found to grow at a steady rate. The on-the-go drinks popularity has increased the sale of ready-to-drink organic drinks amongst the all consumer groups in the world. New innovations as anticipated to take place in the organic drinks manufacture as the demand of the product is raising globally.

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Latest Industry Updates

Dec 2017: he Campbell Soup Co. has completed its $700 million acquisition of Pacific Foods of Oregon, a producer of organic broth and soup, shelf-stable plant-based beverages and meals and sides. The deal, which was announced in July, had been stalled by a lawsuit filed against Pacific Foods by a former shareholder.

Global Organic Drinks Market - Competitive Analysis

Established players from North America and Europe are following strategies innovations in their-product line to expand their business in other regions due to increasing demand of organic drinks in the beverage industries. They are mainly focused on increasing their supply to established industries that have high demand of organic products.

The key players profiled in the organic drinks market are Hain Celestial Group (U.S.), Suja Life, LLC (U.S.), Organic Valley (U.S.), Coca-Cola (U.S.), Parkers Organic Juices PTY LTD (Australia), Groupe Danone (France), Purity Organic, LLC (U.S.), and The Better Drinks Co (New Zealand) among many others.

Superfoods Market Global Industry Sales, Growth and Trends 2024

Superfood is an umbrella term used to refer different types of food which have high nutritional benefits. Urbanization has drastically changed lifestyles and diets of a large majority the population in urban areas. High availability of unhealthy snacks and their easy affordability have led to largely unhealthy diets which have resulted in increasing occurrences of diabetes, and high obesity rates. This has increased the demand for nutritionally dense food.

Market Research Future's report on the global Superfoods Market covers every significant nuance of the market and offers various observations along with predictions for the upcoming forecast period.

Increasing occurrences of chronic diseases have led to a shift in consumer preferences to healthier lifestyles. Consumers are becoming more conscious of their well-being and are actively working to improve it. This has led to a boost in demand for nutrient dense food items. Consumers are now willing to try new things which have further increased the popularity of superfoods. Another factor influencing unhealthy lifestyle and the consumer shift to healthier options is convenience and functionality. Until recently, conveniently available food items were not necessarily the healthiest options for which the demand has increased. Market players are actively involved in product innovations with new products like beverages with superfood ingredients, and snack bars, becoming highly popular.

Blueberries, acai, kale, chia seeds, spirulina, and goji berries are among some of the most well-known superfoods. They are available in a number of forms, ranging from supplements to powders for addition to food and beverages. Increased convenience in availability and use of superfoods are expected to add to their popularity. Another factor influencing the growth of the superfood market is the increasing number of social media influencers which use brightly colored superfoods in their content and often advertise products for market players. Many superfoods although hailed for their nutritional benefits, are not strictly proven by science and some may even have adverse effects in large quantities thus leading to product recalls. This is likely to challenge the market. Additionally, many superfoods are unaffordable, thus restraining growth.

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Market Segmentation

The global superfoods market is segmented into distribution channel, product type, and application. Various types of superfoods exist and have been broadly classified in the report into superfruits, superseeds, super grains, edible seaweed, and other superfoods. Applications of these superfoods primarily include beverages, snacks, supplements, bakery & confectionery, and others. Distribution of superfoods and superfood items is broadly divided between store-based and nonstore based. Store-based distribution channels include supermarkets, hypermarkets, and others, while non-store based distribution channel largely discusses e-commerce.

Ampoule Cream Market Global Industry Sales, Growth and Trends 2024

The Global Ampoule cream market is projected to register a significant growth rate of 4.2% from 2019 to 2024 and reach a market value of USD 573 Million by 2024. The increasing popularity of these products provides an opportunity to market players to increase their geographic presence in emerging markets across the world. However, the possibility of reactions due to the overuse of ampoule creams may hinder market growth during the forecast period. Ampoule creams are intense and potent variants of serums and essences. They are typically formulated with high concentrations of active ingredients, which claim to revive and boost the skin in relatively less time.

The Global Ampoule Cream Industry has been segmented based on type, distribution channel, and region.

Based on type, the global ampoule cream market has been divided into firming ampoule, moisturizing ampoule, anti-aging ampoule, UV-protection ampoule, multifunctional ampoule, and others. The moisturizing segment is expected to dominate the global ampoule cream market during the forecast period. Moisturizing ampoules, due to their high concentration of active ingredients, help in reducing skin dryness and acne. They also help in repairing sensitive skin and reducing aging symptoms such as wrinkles. However, changing consumer preference for a single product catering to multiple skin issues is boosting the popularity of multifunctional ampoule creams. The multifunctional ampoule segment is therefore expected to register the highest CAGR during the forecast period.

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Based on type, the global ampoule cream market has been divided into firming ampoule, moisturizing ampoule, anti-aging ampoule, UV-protection ampoule, multifunctional ampoule, and others. The store-based segment has been further segregated into hypermarkets and supermarkets, specialty stores, and convenience stores. The store-based segment is expected to generate higher revenue, with the hypermarkets and supermarkets sub-segment being the largest as these retail stores offer strong vendor networks, high product appeal due to lucrative packaging, and ease of availability. Furthermore, consumers favor consultations and testing of skin care products before purchasing. However, the non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online purchase.

Some of the key players in the global ampoule cream market are The Estée Lauder Companies Inc. (US), LG Household & Health Care Ltd (South Korea), Amway Corp. (US), Mizon (South Korea), Coreana Cosmetics Co. Ltd (South Korea), VProve (Malaysia), Medians Co., Ltd (South Korea), and Leegeehaam Cosmetics (South Korea).

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The global ampoule cream market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The ampoule cream market in Asia-Pacific is projected to dominate during the forecast period. It is also expected to exhibit the highest growth rate from 2019 to 2024. Increasing spending power and an emphasis on personal care products among the working population are driving regional market growth. Furthermore, the introduction of several ampoule cream variants including peptide ampoule creams, placenta ampoule creams, and snail ampoule creams by market players are expected to drive the growth of the market in Asia-Pacific during the forecast period.

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Zipper Market Competitive Scenario and Forecasts till 2024

Asia-Pacific was the largest market for zippers in 2018 and the regional market is expected to maintain its dominance during the review period. China accounted for a significant share of the Asia-Pacific zipper market in 2018. However, the zipper market in China is fragmented owing to the high presence of local and regional players. The Indian market is projected to witness large-scale growth during the forecast period. Increasing per capita disposable incomes are a key factor for the rising sales of denim products which is expected to drive the growth of the zipper market in India.

Global zipper market manufacturer Is Estimated to be Valued at USD 16,957.8 Million by 2024 and is Expected to Register a CAGR of 7.64% During the Forecast Period. Zippers are fastening components available in different material types such as metal, nylon, and plastic. Zippers find widespread application in the apparel industry in denims, casual trousers, and jackets, among others. Moreover, zippers are used in backpacks and luggage for their durability. Additionally, there have been innovations in product design and key manufacturers are introducing premium metal zippers to meet the rising demand in luxury jackets and jeans.

Zippers find widespread application in various products. In terms of application, the apparel segment held the largest market share of 46.01% in 2018. The bags segment also held a significant market share and is projected to register a CAGR of 7.52% during the forecast period. The growing demand for zipper bags and increasing sales of luxury handbags are driving the growth of the bags segment.

Segmental Analysis

The global zipper market has been segmented on the basis of product type, material type, application, and region.

By product type, the market has been divided into close-end and open-end. The close-end segment held the larger market share in 2018 owing to the increased application of such zippers in jeans and trousers. Moreover, the segment is projected to register the higher CAGR of 7.74% during the forecast period due to the increasing demand for close-end zippers in various products.

Based on material type, the global zipper market has been classified as metal, coil, and molded plastic. The metal segment accounted for the largest market share in 2018. Metal zippers are the oldest types of zippers in use. Moreover, the metal segment is estimated to register the highest CAGR during the forecast period. These zippers can endure heavy pressure and load under any circumstances which is driving the growth of the segment.

On the basis of application, the market has been segmented into apparel, bags, shoes, and others. The apparel segment accounted for the majority market share in 2018. The use of zippers in apparel for its functionality and appearance is driving growth. Moreover, the segment is expected to register the highest CAGR during the forecast period.

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Market Players

Market Research Future recognizes YKK Corporation (Japan), Riri SA (Switzerland), YBS Zipper Group (South Korea), Kao Shing Zipper Co., Ltd. (Taiwan), Ideal Fastener Corporation (US), Coats Opti (Germany), Salmi Oy (Finland), Max Zipper Co., LTD (Taiwan), Triple Power (Fujian) Zipper Co., Ltd. (China), HHH Zipper (South Korea), Keen Ching Industrial Co., Ltd. (Taiwan), Sancris Linhas e Fios Ltd (Brazil), Valiant Industrial Co., Limited (Taiwan), UCAN Zipper USA (US), Fujian SBS Zipper Science & Technology Co.Ltd. (China), Jinjiang Fuxing zipper Co. LTD (China), YCC Zippers (China), WeiXing Co., Ltd (China) and Wenzhou Great Wall Zipper Group Co., Ltd (China) as the key players in the global zipper market.

Shampoo Market Competitive Scenario and Forecasts till 2024

The shampoo market is growing worldwide due to growing awareness of hair hygiene and increasing purchasing power. A variety of shampoos have been introduced by manufacturers with different characteristics and forms to cater to various hair-related concerns. This is expected to drive the demand for shampoo across the world.

The global shampoo market research has been segmented by type, function, distribution channel, and region.

Based on type, the global shampoo market has been segmented into dry shampoo, cosmetic shampoo, children’s shampoo, medicated shampoo, and others. The cosmetic shampoo segment is projected to be the largest during the forecast period. Cosmetic shampoos are easily and widely available and are also less expensive than other types of shampoos. Cosmetics shampoos are available in a variety of forms, colors, and fragrances. The segment is also expected to register the highest growth rate during the review period owing to the growth of the cosmetics industry worldwide.

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The global shampoo market has been segregated, by function, into anti-dandruff, volumizing, daily-use, dry and damaged hair, anti-hair fall, and others. The anti-hair fall segment is projected to gain the largest share, in terms of revenue, of the global shampoo market. Increasing pollution and hectic lifestyles have led to the rising prevalence of hair fall, which is boosting the demand for anti-hair fall products. However, the anti-dandruff segment is expected to be fastest-growing during the forecast period as harsh climatic conditions in most areas of the world and changing dietary habits of consumers have led to an increase in dandruff-related concerns.

By distribution channel, the global shampoo market has been segmented into store-based and non-store-based. The store-based segment has further been classified as supermarkets and hypermarkets, convenience stores, and others. The store-based segment is projected to account for the larger market share due to the widespread availability of shampoos in supermarkets and hypermarkets. Moreover, there is a higher preference for store-based channels among consumers as they provide a one-stop shopping experience. However, the non-store-based segment is projected to register the highest CAGR due to the increasing adoption of e-commerce in the personal care retail industry.

Regional Analysis

The global shampoo market has been segmented, based on region, into North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific is expected to dominate the global shampoo market as growing consumer awareness about personal care and hygiene is leading to increased expenditure on personal care products.

The market in North America is expected to be the fastest-growing due to the rising prevalence of hair-related concerns.

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Key Players

Some of the key players in the global shampoo market are Unilever PLC (UK), Henkel AG & Company, KGaA (Germany), The Procter & Gamble Company (US), Church & Dwight Co., Inc. (US), Kimberly-Clark Corporation (US), Kao Corporation (Japan), Beiersdorf AG (Germany), Shiseido Company, Limited (Japan), L'Oréal S.A. (France), and Johnson & Johnson Services, Inc (US)

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Hair Color Market Competitive Scenario and Forecasts till 2024

The Global Hair Color Industry has been segmented by type, function, distribution channel, and region.

Based on product type, the global hair color market has been segmented into permanent and temporary. The permanent segment is projected to be the largest and fastest-growing during the forecast period. Permanent hair color is a one-time investment with sales driven by the need to cover gray hair. This type of hair color saves time and energy without the need for frequent reapplication. There is a variety of permanent hair colors available in the market with manufacturers launching new products for long-lasting color while causing minimal damage to the elasticity of hair.

The global hair color market has been segregated, by form, into powder, cream, and others. The cream segment is projected to gain the major share, in terms of revenue, of the global hair color market during the forecast period. Hectic lifestyles have led to a preference for easy-to-use and convenient products. Cream hair colors are easier to apply and are also more consistent than other forms of hair color.

By distribution channel, the global hair color market has been segmented into store-based and non-store-based.

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Key Players

Some of the key players in the global hair color market are L'Oréal S.A. (France), Avon LLC (UK), Revlon Consumer Products Corporation (US), Conair Corporation (US), The Estée Lauder Companies Inc. (US), Godrej Consumer Products Limited (India), Hoyu Co., Ltd (Japan), Coty, Inc. (US), The Procter & Gamble Company (US), and World Hair Cosmetics Co Ltd (Hong Kong).

Hair color has become one of the most popular products in the personal grooming and styling category. Hair color is used to enhance appearance with a variety of products available for different looks. Manufacturers have introduced products with various characteristics and forms to meet consumer demand for different hair styling looks. This is expected to drive the demand for hair color across the world.

Regional Analysis

The global hair color market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the global hair color market owing to high disposable incomes of consumers who are willing to spend on high-quality hair products to enhance their appearance and keep up with changing fashion trends.

The market in Asia-Pacific is expected to be the fastest-growing as there are affordable products available in different varieties in the region. The growing popularity of salons is also boosting the demand for hair colors in Asia-Pacific.

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Candles Market Competitive Scenario and Forecasts till 2024

The Global Candles Industry is expected to register noteworthy growth during the forecast period. One of the significant reasons for the growth of the candles market is the rising use of scented candles as a homecare product. Increasing per capita disposable incomes have affected consumer spending behavior. Consumers are more likely to spend on home furnishings, such as candles, which is expected to drive demand. Scented candles find widespread application in aromatherapy which includes pain management and the treatment of cardiovascular disease, insomnia, and colds and coughs.

Also Read: http://www.globenewswire.com/news-release/2019/06/06/1865175/0/en/Candles-Market-Size-to-Reach-USD-13-006-9-Million-by-2023-at-4-26-CAGR-Predicts-Market-Research-Future.html

Major Key Players:

Some of the key players in the global candles market are Dianne’s Custom Candles, LLC (US), Dandong Everlight Candle Industry Co., Ltd (China), ZHONG Nam Industrial (International) Co., Ltd (Hong Kong), Empire Candle Co., LLC (US), BeCandle (Hong Kong), SC Johnson & Son, Inc. (US), Bolsius International BV (Netherlands), The Yankee Candle Company, Inc. (US), Candle-lite (US), Armadilla Wax Works, Inc. (US), Colonial Candle (US), Vollmar GmbH (Germany), Gies Kerzen GmbH (Germany), Bath & Body Works Direct, Inc. (US), and LVMH Moët Hennessy-Louis Vuitton (France).

Industry Segments:

The Global Candles Market has further been segmented by Material Type, Category, and Distribution Channel.

The global candles market has also been segregated, on the basis of Material Type, into synthetic wax, paraffin wax, vegetable wax, and animal wax. The paraffin wax segment accounted for the majority market share in 2017; however, the vegetable wax segment is expected to be the fastest-growing segment during the forecast period.

By Category, the global Candles Market Size has also been segregated into luxury candles and economical candles. The economical segment accounted for the larger market share in 2017, while the luxury candles segment is projected to register the higher CAGR during the forecast period.

The global candles market has also been classified, on the basis of Distribution Channel, as store-based and non-store-based. The store-based segment accounted for a larger market share in 2017. However, the non-store-based segment is expected to exhibit higher CAGR during the forecast period.

Regional Analysis:

North America is expected to be the largest market for candles and the regional market is projected to register a substantial CAGR of 3.83% during the forecast period. The US is the major contributor to the growth of the North American candles market, followed by Canada. In North America, the shape, color, and scent of candles are the most important factors affecting sales in the region. Pillar, votive, and container candles are the most widely purchased candle types in the US. According to the National Candle Association, economical candles range between USD 1.99 to 35; however, luxury candle prices can go as high as USD 200. Moreover, the majority of candle sales, i.e., nearly 35% of annual sales, in the US, occur during Christmas time. In Canada, the trends for the candle industry are similar to that of the US. However, due to a smaller population, the market size is lower. However, the Canadian market is expected to register the highest growth rate due to the high immigration rate and increasing expat population size.

Europe is also expected to account for a significant share of the global candles market and the regional market is projected to grow at a moderate pace during the forecast period. In 2017, the demand for candles in Europe was higher than production, according to the Centre for the Promotion of Imports from Developing Countries (CBI). The major candle importing countries include Germany, the UK, and the Netherlands. Spain and the UK represent lucrative growth opportunities for candle manufacturers mainly due to the popularity of aromatherapy and awareness of the health benefits of essential oil-infused candles.

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Asia-Pacific held a prominent share of the global candles market in 2018 and the regional market is projected to exhibit the highest CAGR during the forecast period. China is one of the leading markets in the region, accounting for the largest projected market share during the review period. However, the Indian market is expected to exhibit the highest growth rate of 5.78% during the forecast period. The major candle producing countries in the region include China, Vietnam, and India, with the bulk of production exported across the world. China and Vietnam together accounted for nearly 35% of all exports in 2017, according to MRFR analysis.

South America accounted for the largest share of the market in the rest of the world in 2017 and the regional market is expected to register a significant CAGR during the forecast period. Moreover, the Middle East is a potential market for candles and is expected to register the highest CAGR of 5.03% during the forecast period.

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