Industry News Analysis Report

Wednesday, September 2, 2020

Zipper Market Status, Applications, Region and Forecast To 2024

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. Global Zipper Market Research 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.

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.

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 based on 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 Status, Applications, Region and Forecast To 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 Status, Applications, Region and Forecast To 2024

Global Hair Color Market 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 Status, Applications, Region and Forecast To 2024

The Global Candles Market 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.

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).

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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 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.

Vanilla Market Status, Applications, Region and Forecast To 2024

Vanilla is widely used in personal care products due to its fragrance. It is also used in the rubber industry to counter the unpleasant odor. Additionally, the anticlastogenic effect of vanillin, the compound found in vanilla, has led to its use in sun care products. This compound protects cells from harmful ultraviolet (UV) radiation and X-rays. Thus, these factors are expected to boost the growth of the global vanilla market in the near future.

The Global Vanilla Market has been segmented on the basis of form, category, application, and region.

On the basis of form, the global vanilla has been segmented into liquid, powder, and others. The liquid segment is projected to be the largest and fastest-growing during the forecast period due to the wide availability and convenience of the liquid form of vanilla. Liquid vanilla is made by soaking the beans in a mixture of water and alcohol until the bean separates and liquifies.

The global vanilla market has been classified, by category, as organic and conventional. The conventional segment is expected to be the larger market owing to the easy availability and lower prices of conventional vanilla as compared to organically grown vanilla. However, the organic segment is projected to register the higher CAGR during the forecast period due to the rising inclination of consumers for organic products.

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The global vanilla market has been segmented, by application, into food & beverage, personal care, and others. The food & beverage segment is projected to account for the largest share of the global vanilla market due to the widespread use of vanilla in the bakery and confectionery, dairy and frozen desserts, and beverages sub-segments, among others. Additionally, there is an increasing demand for vanilla in cosmetics and personal care products such as lotions, perfumes, and moisturizers for its fragrance and antispasmodic, anti-inflammatory, and analgesic properties, which help in reducing chromosomal damage caused by X-ray and UV light.

Regional Analysis

On the basis of region, the global vanilla market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to account for the largest revenue share of the global vanilla market during the review period due to increasing use in various industries in the region. Moreover, the region is home to several players active in the global vanilla market.

The market in Asia-Pacific is expected to register the highest growth rate during the forecast period as market players are expanding their operations in the region.

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Key Players

Some of the key players in the global vanilla market are E.A. Weber and CO. (US), Organic Spices Inc (US), Sensient Technologies Corporation (US), Symrise AG (Germany), Penta International Corporation (US), Nielsen-Massey Vanillas, Inc. (US), Kerry Group plc (Ireland), Heilala Vanilla Limited (New Zealand), Firmenich SA (Switzerland), and Doehler GmbH (Germany).

Mattress Market Scenario, Growth, Key Developments 2024

Global mattress market is estimated to be valued at USD 49,498.8 million by 2024 and is expected to register a CAGR of 7.21% during the forecast period.

The innerspring segment dominated the Global Mattress Market, by type, and is projected to reach usd 18,308.3 million by 2024. This can be attributed to the high sales of innerspring mattresses due to their affordability and comfort. However, the hybrid segment is projected to be the fastest growing during the forecast period.

North America dominated the market, accounting for the largest share of the market in 2017, and the regional market is expected to register a CAGR of 6.50% during the review period. The market in Asia-Pacific was the second largest in 2017. It is projected to reach USD 15,557.5 million by the end of 2024, with China being the leading market.

Related Reports

Global Pillow Market: Information by Material (100% Cotton, 100% Bamboo Fiber, 100% Silk, 100% Polyester), Filling Material (Memory Foam, Hollow Fiber, Latex, Microfiber), Shape (Square, U-Shape, Rectangle, Wave, Round, Convex), Feature (Therapy, Cooling, Anit-Static, Anti-Bacteria), Application (Decorative, Sleeping, Bedding, Travel, Massage), & Region—Forecast till 2023 https://www.marketresearchfuture.com/reports/pillow-market-2766

Segment Analysis

The global mattress market has been segmented based on type, end user, and region. Based on type, the market has been divided into memory foam, hybrid, innerspring, latex, gel-filled, and others. The innerspring segment held the majority market share in 2017. However, the hybrid segment is projected to be the fastest-growing, followed by the gel-filled mattress segment. Optimal pressure relief, healthy weight distribution, temperature regulation, high durability, and suitability to all sleep positions are some of the features boosting the popularity of gel-filled mattresses around the world.

Based on end user, the market has been divided into residential and commercial. The residential segment accounted for the larger market share in 2017. The demand for mattresses in residential applications is increasing significantly due to the growing population and increasing number of households in emerging economies. However, the growing number of hotels, motels, five-star resorts, hospitals, schools, and commercial facilities is directly influencing the demand for mattresses for commercial use across the globe. Commercial-use mattresses are offered in custom sizes and sold in bulk.

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Regional Analysis

Geographically, the global mattress market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America was the largest market for mattresses in 2017 and is expected to remain dominant during the review period. Asia-Pacific accounted for a significant market share in 2017 and is projected to be the second-largest market during the forecast period. The rising demand for hybrid and gel-filled mattresses is a key trend gaining traction in the US mattress market. The US accounted for the largest share of 69.97% of the North American market in 2017 and the country-level market is projected to register a CAGR of 6.32% during the forecast period.

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Caramel Market Scenario, Growth, Key Developments 2024

Caramel is obtained by heating a mixture of milk, glucose syrup, and vegetable fats at a suitable temperature. Heating imparts a brown color to the finished product and regulates the moisture content. Caramel gives distinct color, taste, and flavor to food products, which makes it suitable to be used in bakery & confectionery, ice cream, frozen desserts, and beverages industries.

Global Key Players and Competition Analysis

The key players in the global caramel market are Puratos (Belgium), Sethness Caramel Color (U.S.), DDW the Color House (U.S.), Bakels Worldwide (Switzerland), Metarom Group (France), Goetze’s Candy Company Inc, (U.S.), Dallas Caramel Company (U.S.), Alpha Baking Co. (USA), The Warrell Corporation (U.S.), and NIGAY SAS (France)

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Segmentation Analysis

Carmel Market is segmented into solid, liquid, granular, and powder. By type, the caramel market has been segmented into colors, toppings, fillings, flavors, and others. Caramel market has been segmented by application into bakery, confectionery, beverages, desserts, snacks, and others. Bakery is the major application of global caramel market and is projected to expand at an above average growth rate during the forecast period.

Regional Analysis

The global caramel market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. Among all regions, North America is accounting for the largest market share the year of 2018. The growth of the Caramel Market in this region is attributed to various factors; one of the factors is the rising trend of food decorations in bakery & confectionery products. In North America, the U.S. is estimated to account for the largest market share throughout the forecast period.

Market Scope

Rising growth of food service industry is likely to enhance the growth of global caramel market during the forecast period of 2018-2023. Furthermore, rising product launches within caramel products are positively impacting the growth of the global caramel market.

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Industry News:

Europe is estimated to hold approximately 28% market share in 2018. Rising growth of food service industry is likely to enhance the growth of global caramel market during the forecast period of 2018-2023.

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To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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