Industry News Analysis Report

Wednesday, September 2, 2020

Electric Toothbrush Market Status, Applications, Region and Forecast To 2024

An electric toothbrush is an automatic toothbrush that operates with an electric motor in the handle which vibrates the head of the brush. It is more convenient than a manual toothbrush. They are available in two types rechargeable and battery-operated. Rechargeable electric toothbrushes are equipped with a rechargeable in-built battery which can be plugged into a wall socket while battery-operated toothbrushes require the battery to be replaced at regular intervals.

Global Electric Toothbrush Market Research is Estimated to be valued at USD 5,852.2 Million by 2024 and is expected to register a CAGR of 7.46% during the forecast period. Europe was the largest market for electric toothbrushes in 2018 and the regional market is expected to maintain its dominance during the review period. North America held a significant market share and was the second-largest market for electric toothbrushes in 2018. The market in the US is projected to exhibit a growth rate of 7.42% during the forecast period to be the largest country-level market. However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period. Growing product awareness followed by increasing per capita disposable incomes is the major factor driving the growth of the market in the region.

Rising awareness among people regarding the importance of oral hygiene is leading to the adoption of proper oral care routines, which is boosting the growth of the global electric toothbrush market. Moreover, the integration of advanced technologies and product innovations acts as key driving factors for the growth of the market. Strategic collaborations between electric toothbrush manufacturers and dental care specialists are projected to positively affect market growth.

Segmental Analysis

The global electric toothbrush market has been segmented based on product type, end user, and region.

By product type, the market has been divided into rechargeable and battery. The rechargeable type segment accounted for the larger market share in 2018. These toothbrushes work on an oscillating-rotating technology with 3-dimensional brushing actions, which is driving the growth of the segment. Rechargeable electric toothbrushes offer additional features over battery-powered and regular manual toothbrushes and the segment is expected to register the higher CAGR during the forecast period.

Based on end user, the global electric toothbrush market has been classified as adults and children. The adults segment accounted for the larger market share in 2018. Changing lifestyle and untimely eating patterns reduce the effectiveness of manual toothbrushes, which is fuelling the adoption of electric toothbrushes among adults. The segment is also projected to exhibit the higher CAGR during the forecast period.

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Market Players

Market Research Future recognizes Koninklijke Philips N.V. (Netherlands), The Procter & Gamble Company (US), Panasonic Corporation (Japan), OMRON Corporation (Japan), Colgate-Palmolive Company (US), Foreo AB (Sweden), Pursonic, LLC (US), Smilex (US), Kolibree SAS (France), Conair Corporation (US), Lion Corporation (Japan), and Wellness Oral Care (US) as the key players in the global electric toothbrush market.

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Capsule Coffee Machine Market Status, Applications, Region and Forecast To 2024

Global Capsule Coffee Machine Market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.86%, surpassing a valuation of USD 8,261.4 Million during the forecast period (2014-2025). The capsule coffee machine market is likely to gain huge attention in the foreseeable future and is gaining huge popularity due to the convenience it offers. With the surging demand for coffee across the globe, the sales of capsule coffee machine have increased globally. The surging adoption of innovative products is likely to offer lucrative growth opportunities to the overall market. Constant advancements made in the capsule machine technology upgraded with innovative concepts, latest features, and applications are evolving to offer improved quality and capacity, with low maintenance cost and minimum energy consumption. Thus,

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Segmentation

The capsule coffee machine market has been segmented on the basis of type and application.

By type, the market is segmented into open-sourced system and closed-source system.

By application, the market understood commercial and household.

Industry Key Players

The top players operating in the capsule coffee machine market include Jacobs Douwe Egberts BV (Netherlands), Nestlé SA (Switzerland), Kraft Heinz Company (US), Keurig Dr. Pepper, Inc. (US), Luigi Lavazza SpA (Italy), Illycaffè SpA (Italy), Bradshaw Home, Inc. (US), Dualit Limited (UK), Pacific Coffee Co. Ltd (Hong Kong), Ningbo Aaa Group Electric Appliance Co. Ltd. (China), and Starbucks Corporation (US).

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Regional Analysis

The market in the Asia Pacific will register the highest CAGR of 8.55%, mainly due to the rising consumption of coffee, especially in emerging markets like India and China. Also, the rise in per capita income of the regional population will influence the market growth to a large extent. Increased consumer awareness regarding technologically advanced products has further initiated the sales of such capsule machines on a large scale. Rising inclination towards consumption of coffee and surging cultural trends are influencing the market growth in the region.

Considering the global scenario, the capsule coffee machine market in the regions of North America is predicted to garner the largest share, in terms of volume as well as value. The region acquired a share of 34.84% in 2018. In this region, the US is likely to be the major contributor.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR ), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order 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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Luxury Handbags Market Status, Applications, Region and Forecast To 2024

A luxury handbag is known for its premium quality and its size covers both medium and large-sized handbags. The Global Luxury Handbags Industry Segmentation has the potential to surpass the estimated valuation of USD 33.94 billion at a CAGR of 6.8% during the forecast period of 2019 to 2024. The category is mostly known for being a status symbol, which according to Market Research Future (MRFR), is expected to play a big role in the global market. The growing participation from several companies in building a more integrated market would assist the market in its growth in the coming years.

Luxury handbags are costlier than the conventional handbags mainly due to the material used in their making, finishing, and design. Luxury handbags make a style statement in the fashion world and are even custom-made to suit the needs of the buyer.

The market for global luxury handbags has its foundation in an in-depth study. The study relies on a segmentation based on material type, type, consumer group, and distribution channel.

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By type, the market for luxury handbags can be segmented into crossbody bags, clutches, satchels, shoulder bags, tote bags, hobo bags, briefcases, and others. These types have significant market traction as their clientele is quite huge.

By material, the market for luxury handbags includes several types like cotton, leather, synthetic, and others. The leather type has a substantial market coverage. The cotton type can also make notable market penetration.

By consumer group, the luxury handbags market can include men, women, and unisex.

By distribution channel,the market for luxury handbags can be segmented into store-based and non-store-based. Due to hike in e-commerce section the global non-stored based channel can witness significant growth. However, the store-based segment would also enjoy the presence of a number of clients who prefers to experience before buying.

Region-wise analysis in the report of the market for luxury handbags cover the inclusion of North America and Europe as strong revenue-generators. The Asia-Pacific (APAC) region has been named as a potential game-changer and the Rest of the World (RoW) would show a moderate growth.

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Europe is at the top of the global market and it shows immense potential to retain that position in the coming years as well. A number of companies are operating from the region, which gives the region an advantage owing to which the market would rise significantly in the coming years as well. This would be triggered by high per capita income and better inclusion of trendy products. The APAC region would gain much from growing disposable income and a massive population. The region would also make substantial profit from the e-commerce segment. At the same time, improvement in logistics to make sure that the online market grows at a rapid pace. China, Japan, India, and others are expected to become important markets.

The market for the luxury handbags is so alluring that a number of companies are taking various steps to launch their new line-up and seek advantage from the global market. These companies are investing much in the strategies that would cement their foothold, all the while maintaining a strong growth possibility for them. These companies are Atelier (US), Tory Burch LLC (US), Louis Vuitton (France), Chanel S.A. (France), Prada S.p.A (Italy), Dolce & Gabbana S.R.L. (Italy), Valentino S.p.A. (Italy), Burberry Group PLC (UK), Cartier International SNC (France), Giorgio Armani S.p.A (Italy), Guccio Gucci S.p.A (Italy), MCM Worldwide (Germany), Michael Kors GmbH (Switzerland), Ralph Lauren Corporation (US), and PVH Corp. (US). MRFR has noted these companies and their moves to make sure that they have a good grip over the market in the coming years.

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Antiperspirants and Deodorants Market Status, Applications, Region and Forecast To 2024

Global Antiperspirants and Deodorants Market is growing worldwide due to rising awareness about personal hygiene and increasing purchasing power of the consumers. A variety of antiperspirants and deodorants have been introduced by companies with different characteristics and forms to cater to the consumer demand for various body-odor related products. The global antiperspirants and deodorants market is expected to garner a revenue of USD 70 Billion by 2024 and projected to record a CAGR of 3.5% during the forecast period of 2019 to2024. The companies, involved in the global antiperspirants and deodorants market, are expected to witness several lucrative opportunities in the coming years owing to rapid urbanization and growing awareness of consumers about personal care. This is expected to drive the demand for antiperspirants and deodorants among the consumers across the world.

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By distribution channel, the global antiperspirants and deodorants market has been bifurcated into store-based and non-store-based. The store-based segment has further been divided into 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 antiperspirants and deodorants in supermarkets and hypermarkets. Moreover, there is a higher preference toward store-based channels, among consumers, as it provides a one-stop shopping experience. However, the non-store-based segment is projected to register the higher CAGR due to the increasing use of e-commerce in personal-care retail.

Industry News:

In December 2018, Unilever Plc launched deodorant wipes across six of its brands— Dove, Degree Women, Dove Men+Care, Degree Men, Axe, and Love Beauty and Planet. The company is looking to create new antiperspirants and deodorants to expand its product portfolio.

Key Players

Some of the key players in the global antiperspirants and deodorants market are The Procter & Gamble Company (US), Henkel AG & Co. KGaA (Germany), Coty Inc. (US), Unilever Plc (UK), L`Oreal S.A. (France), Beiersdorf AG (Germany), L’Occitane International S.A. (Luxembourg), Avon Products, Inc. (UK), Colgate-Palmolive Company (US), Kao Corporation (Japan), Godrej & Boyce Manufacturing Company Limited (India), Nike, Inc. (US), CavinKare Pvt. Ltd. (India), Church & Dwight Co., Inc. (US), and Benetton Group S.r.l. (Italy).

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Regional Analysis

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

The market in Asia-Pacific is expected to dominate owing to consumers becoming more aware about personal care and hygiene, leading to high expenditure on personal care products. Additionally, due to hot climatic conditions in countries such as India, Malaysia, and Australia, consumers prefer antiperspirant products to keep themselves sweat-free.

The market in North America is expected to be the fastest-growing due to the rising expenditure on personal care products by consumers.

Some of the strategies followed by the players operating in the market were innovations, product launches, expansions, and mergers.

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Ampoule Cream Market Status, Applications, Region and Forecast To 2024

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 Market 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.

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.

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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