Autore: Mohit Patil

The global wipes market size was USD 3.87 billion in 2020. The market is projected to grow from USD 4.09 billion in 2021 to USD 6.22 billion in 2028 at a CAGR of 6.2% in the 2021-2028 period.

This information is provided by Fortune Business Insights™, in its report, titled, “Wipes Market Size, Share & COVID-19 Impact Analysis, By Application (Personal Care, Household, Industrial), Type (Disposable and Non-disposable), Distribution Channel (Supermarkets /Hypermarkets, Convenience Stores, Specialty Stores, Online Channels, and Others), and Regional Forecast, 2021-2028.”

As per our expert analysts, wipes are regarded to be a fundamental sanitary product utilized to maintain sanitation and hygiene in households as well as in the environment. The rising alertness concerning health and hygiene maintenance has boosted the demand of the personal care industry.

Report Coverage

The report presents a general study of the market along with existing trends and imminent estimations to establish proximate investment gains. An in-depth examination of any upcoming opportunities, intimidations, competitions or driving influences is also stated in the report. Step by step, thorough regional analysis is offered.

The COVID-19 impressions have been added to the report to aid investors and business possessors to understand the jeopardies better. The key players in the market are analyzed, and their tactics to bolster the market growth are cited in the report.

Drivers and Restraints

Increasing Requirement for Hygiene & Cleanliness to Drive Demand for Wipes

Growing requirements of sanitation for personal hygiene purposes give surge to the demand for the bathroom and toilet tissues. Also, rising air pollution and dust issues have concurrently augmented the utilization of the kitchen tissue by the housekeepers to clean the vessels and additional kitchenware objects efficiently.

Rising trends of nuclear families across the world is thrusting the demand for such house cleaning items. This is anticipated to reinforce the wipes market growth during the forecast period.

Regional Insights

The market size in Asia Pacific was worth USD 1.27 billion in 2020. This is contributed by the amplified expenditure of customers belonging to the middle-class income group.

North America held a market share of 23.90% in the global market and owing to the huge urban population and advanced lifestyle of the population in the region.

The European region perceived a substantial wipes market share owing to the rising infrastructural amenities of hotels and hospitality and the accelerating tourist advents in the region.

Segmentation

On the basis of application, the global market is branched into personal care, household, and industrial wipes.

The growth of the personal care classification segment is attributed to the rising utilization of different diversities of personal care grocery items such as cleaning and hygiene, skincare, makeup, and hair cares by adults and children.

In terms of types, the market is segregated into the disposable and non-disposable wipes.

On the basis of distribution channels, the global market is classified into supermarkets & hypermarkets, convenience stores, specialty stores, online channels, and others such as shopping complex, and grocery stores.

Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Competitive Landscape

Product Invention and Effective Distribution Channels are Vital Factors for Market Growth

Product innovation & fundamental ability utilization are indispensable factors for companies to satisfy the rising demand for wipe products. Kimberly-Clark Corporation is the most important company associated to the market. The company is incessantly emphasizing on diminishing the carbon footprints from their processes.

Fortune Business Insights profiles some of the prominent companies operating in the wipes market. They are as follows:

• Kimberly-Clark Corporation (U.S.)
• NICE-PAK Inc. (U.S.)
• Edge well Personal Care (U.S.)
• Clorox Company (U.S.)
• Orchid Paper Products Company (U.S.)
• AbitibiBowater Inc. (Canada)
• Kruger Inc. (Canada)
• Asian Pulp & Paper (Indonesia)
• Svenska Cellulosa AB (Sweden)
• Hengan (China)
• CMPC Tissue SA (Chile)
• Sofidel Group (Italy)

Key Industry Development

• July 2021: Glatfelter Corporation procured Jacob Holm & Sonner A/S, who is a manufacturer of sanitary napkins & wet wipe, to construct its production facility.

Browse Detailed Research Insights:

https://www.fortunebusinessinsights.com/wipes-market-103288

The global toilet paper market is set to gain momentum from the rising awareness of deforestation while producing paper pulp. This information is given by Fortune Business Insights™ in a new report, titled, “Toilet Paper Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027.” The report further states that the market size was USD 26.14 billion in 2019 and is projected to reach USD 38.34 billion by 2027, exhibiting a CAGR of 4.9% during the forecast period.

List of Key Players Profiled in the Toilet Paper Market Report:

• Procter & Gamble Co. (Cincinnati, U.S.)
• Kimberly-Clark (Dallas, U.S.)
• Essity AB (Stockholm, Sweden)
• Georgia-Pacific LLC (Atlanta, U.S.)
• Hengan Group (Jinjiang, China)
• Sofidel Group (Porcari, Italy)
• Kruger Inc. (Montreal, Canada)
• Empresas CMPC S.A (Santiago, Chile)
• WEPA Hygieneprodukte GmbH (Arnsberg,  Germany)
• Unilever (London, U.K.)

Segments-

Household Segment to Grow Rapidly Stoked by Rising Number of Nuclear Families

Based on application, the household segment generated 60.16% in terms of the toilet paper market share in 2019. This growth is attributable to the increasing usage of this paper in homes as it is considered to be an essential daily-use commodity. Besides, the surging trend of living alone, as well as the rising number of nuclear families in urban areas would aid the growth of this segment.

Regional Analysis-

Surging Number of Hospitality Facilities to Favor Growth in Europe

Geographically, Asia Pacific earned USD 9.55 billion in 2019 in terms of revenue. Though the per capita toilet paper usage is relatively lower in this region, the rapid industrialization and urbanization would result in the development of improved restrooms, thereby leading to rising demand.

North America, on the other hand, is anticipated to grow significantly backed by the rising spending power of people residing in Canada and the U.S. Europe is set to show rising usage of this paper because of the increasing number of hospitality facilities in the region.

Drivers & Restraints-

Rising Working-class Population to Spur Demand

The rising trend of travel and tourism is expected to broaden the hospitality industry worldwide. The demand for toilet paper in restaurants, resorts, and hotels is growing rapidly on account of the increasing hygiene requirements. Apart from that, the surging working-class population will further raise the usage of this product in corporate sectors and offices. For instance, the U.S. Census Bureau’s data on Country Business Pattern revealed that the total number of establishments was 7,860,674 in 2017. It reached 7,912,405 in 2018. These factors are set to propel the toilet paper market growth in the coming years. However, the rising popularity of bidet toilets may hamper growth by limiting demand.

Competitive Landscape-

Key Players Focus on Investing in the Development of New Production Facilities

The market for toilet paper houses a large number of manufacturers that are mainly aiming to invest hefty amounts of money in developing new production facilities. They are doing so to increase their production capacities and to cater to the rising demand worldwide. Below are the two latest industry developments:

• September 2020: Andritz AG bagged a new order from Guangdong Hengan Paper Co., Ltd. to provide four tissue machines to its mill situated in China. It will be used to produce premium-quality handkerchiefs, toilet, facial, and napkin tissue made out of virgin market pulp.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/toilet-paper-market-104298

The global hair extension market size is projected to grow from USD 2.38 billion in 2021 to USD 3.43 billion in 2028. As per a published report by Fortune Business Insights™, titled, “Hair Extension Market, 2023-2028,” the market stood at USD 2.35 billion in 2020. It is set to exhibit a CAGR of 5.3% in the forecast period during 2023-2028.

List of Key Players Profiled in the Hair Extension Market Report: 

• CAP. Original USA (Florida, USA)
• Cinderella Hair (London, UK)
• Racooninternational (United Kingdom)
• Evergreen Products Group Limited (Hong Kong)
• Easihair Pro USA (United States)
• Hairlocs (California, USA)
• Great Lengths Universal Hair Extensions Srl (Roma, Lazio, Italy)
• Balmain Hair Group B.V. (Netherlands)
• Hair Visions International (Florida, USA)
• Esqido (Toronto, Canada)

Report Coverage-

The research report aims to analyze the market by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to assess their core competencies in each segment. Besides, it would help our clients better understand the competitive developments, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.

Drivers & Restraints-

Increasing Cases of Alopecia Areata to Augment Growth

Most of the people nowadays are using hair extensions to hide their hair damage issues. The surging prevalence of casts, alopecia, and hair loss is expected to drive the hair extension market growth in the near future. The National Alopecia Areata Foundation, for instance, mentioned that as of 2020, approximately 6.8 million people in the U.S. are suffering from alopecia areata. At the same time, the increasing usage of chemical-based shampoos would aid growth. However, these products can often cause hair breakage and headache. It may hamper their demand.

Segments-

Synthetic Segment Held 43.92% Share in 2020: Fortune Business Insights™

By type, the market is trifurcated into animal, human, and synthetic. Out of these, the synthetic segment generated 43.92% in terms of the hair extension market share in 2020. This growth is attributable to its ability to resist rainy and humid weather.

Factors Affecting the Growth of the Hair Extension Market:

• Fashion Trends and Influences: Hair extensions often follow prevailing fashion trends. Celebrity endorsements, social media influencers, and popular culture can significantly impact the demand for specific types of hair extensions, driving market growth.
• Beauty and Cosmetics Industry: The growth of the beauty and cosmetics industry has a direct impact on the hair extension market. As people seek ways to enhance their appearance, the demand for hair extensions as a styling option increases.
• Media and Advertising: Effective marketing and advertising campaigns can boost awareness and interest in hair extensions. Through various media channels, manufacturers and sellers can reach a broader audience, leading to market expansion.
• Technological Advancements: Innovations in hair extension technology, such as improved attachment methods, more realistic textures, and longer-lasting products, can attract more customers and drive market growth.
• Consumer Income Levels: Disposable income levels influence consumers' willingness to spend on luxury and beauty products, including hair extensions. During periods of economic growth, consumers might be more inclined to invest in such products, positively impacting market growth.
• Cultural Diversity and Inclusion: Hair extensions cater to a diverse range of hair types and styles. As societies become more diverse and inclusive, the demand for hair extensions that cater to different hair textures and ethnic backgrounds can drive market expansion.
• Special Occasions and Events: Events like weddings, proms, and parties often lead to increased demand for hair extensions as people seek to achieve specific looks for these occasions.
• Changing Lifestyles: Busy lifestyles often prompt individuals to look for quick and easy ways to change their appearance. Hair extensions provide a convenient solution, leading to sustained market growth.
• Product Quality and Reputation: Positive customer experiences and high-quality products contribute to positive word-of-mouth, customer loyalty, and repeat business, all of which support the growth of the market.
• Distribution Channels: Effective distribution channels, including both physical stores and online platforms, play a crucial role in reaching a wide customer base and driving market growth.

Regional Insights-

Rising Number of Beauty Salons in the U.S. & Canada to Help North America Grow

Geographically, North America stood at USD 0.83 billion in terms of revenue in 2020. This growth is attributable to the presence of numerous beauty salons in Canada and the U.S. According to the Small Business Development Center Organization, as of May 2020, in the U.S., there are 77,000 beauty salons and 4,500 barbershops. Asia Pacific, on the other hand, is set to remain at the forefront on account of the rising working women population in the region. This would further accelerate them to spend more on grooming products, including hair extensions.

Competitive Landscape-

Key Players Focus on Acquisition Strategy to Strengthen Their Positions in Market

The global market contains a large number of companies that are presently striving to strengthen their positions globally. Hence, they are engaging in the merger and acquisition strategy with local salons and novel hair product manufacturers.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/hair-extension-market-105688

The jewelry industry was valued at USD 216.48 billion in 2022 and is projected to reach a valuation of USD 224.38 billion in 2023. The market is expected to reach USD 308.36 billion by 2030 with a CAGR of 4.6% during the forecast period. The rising trend for increased consumption of jewels is attributed to the fact that people are getting inclined toward luxurious products. The growing popularity to incorporate technology in ornaments is boosting product demand. With increasing levels of disposable income levels, spending of consumers has been on the rise. Fortune Business Insights™ shares this information in its report titled “Jewelry Market, 2023-2030.”

List of Key Players Profiled in the Jewelry Market Report:

• Harry Winston, Inc. (U.S.)
• Chopard (Switzerland)
• Pandora Jewelry, LLC. (U.S.)
• Chow Tai Fook Jewellery Company Limited (Hong Kong)
• Tiffany & Co (U.S.)
• Rajesh Exports Ltd (India)
• Cartier International SNC (France)
• Signet Jewelers Limited (Bermuda)
• Chanel (France)
• LVMH Moët Hennessy (France)

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Increasing Levels of Disposable Income and Spending of Consumers to Augment Market Growth

Increasing levels of disposable income and rising spending of consumers are anticipated to drive the jewelry market growth. The demand for increasing consumption of luxury goods such as ornaments is propelling market growth. Additionally, different customs regarding the adoption of ornaments followed by people across the globe are expected to significantly boost the purchase of the product. An increasing number of working populace of women and awareness about modern jewels and premium-class gems will further fuel the market growth.

However, strict regulations on importing and exporting ornament are expected to hamper the market growth.

COVID-19 Impact:

Shortage of Employees in Manufacturing Affected Market Growth

The COVID-19 pandemic led to nationwide lockdown resulting in the drastic shift of migrant workers from urban to rural places. This led to a shortage of employees in manufacturing. The impact of COVID-19, government restrictions of all events, shows, exhibitions, and weddings for a few months negatively impacted the market growth.

Segments

Ring Segment to Dictate as it Symbolizes Marital Status

On the basis of product, the market is segmented into necklace, earrings, ring, bracelet, and others. The ring segment is set to lead due to rising popularity as it signifies engagement and marital status. Growing customer preference for personalized jewels has stimulated vendors to provide various customization options. Earrings, necklaces, bracelets, and others have also been on rise owing to their usage for beautification and enhancement of looks.

Diamond to Govern Due to its Various Benefits  

Based on material type, the market is categorized into gold, platinum, diamond, and others. Diamond is anticipated to dominate the market due to its sparkle and reflection. Various celebrities such as Jennifer Lopez, Lady Gaga, Gal Gadot, Rosie Huntington, Celine Dion, Naomi Campbell, Demi Moore, and many others donned diamond and platinum jewels at the Met Gala event of 2019.    

Women Segment to Lead Due to Rising Use of Jewels

On the basis of end-user, the market is categorized into men and women. Women segment holds the majority part as the women population uses jewels more due to its symbolization of femininity. Men segment is also anticipated to show favorable growth as they want to own the product as a symbol to showcase their high status, unique styles, and fashion sense.   

Based on geography, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights

Asia Pacific to Govern Owing to the Presence of Major Market Players in the Region

Asia Pacific is expected to have the largest jewelry market share owing to the presence of major players in the region. Tanishq, Malabar Gold and Diamonds, Queelin, Wallace Chan, and others mark their presence in Asia Pacific owing to increasing consumption.

Europe is anticipated to have a substantial growth in the forecast period due to high per capita income in European countries. People have been spending high on ornaments due to high income levels.  

North America has moderate growth due to the presence of many millionaires who are the prime contributors to the increasing purchase of luxurious products.

Competitive Landscape

RJ Scanlan & Co. Expanded its Fine Jewelry Offering by Introducing a Range of Lux Collection

Key market players have been focusing on looks and design of jewels to meet consumers' ever-changing needs and desires. In June 2021, RJ Scanlan & Co. expanded its fine jewelry offering by introducing a range of the Lux Collection in the Australia market. The collection is crafted with gold, diamonds, color gemstones, and pearls. Every piece is customized to order and essential to environmental sustainability.

Key Industry Development

• January 2023- Tanishq entered the U.S. market by opening its first store in New Jersey. The store has about 6,500 jewelry designs in 18 and 22-karat gold and diamond.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/jewelry-market-102107

The global sun care products market size was valued at USD 13.97 billion in 2022 and is projected to reach a valuation of USD 14.40 billion in 2023. The market is expected to reach USD 19.65 billion by 2030 with a CAGR of 4.5% during the forecast period.

Increasing cases of severe melanomas due to UVA I, UVA II, and UVB radiation on the skin surface are expected to create demand for high-value SPF products. Shift towards luxury cosmetic products will increase the demand for premium quality products which will propel market growth. Fortune Business Insights™ shares this information in its report titled “Sun Care Products Market, 2023-2030.”

List of Key Players Profiled in the Sun Care Products Market Report:

• The Edgewell Personal Care Company (U.S.)
• L’Oréal S.A. (France)
• Shiseido Co. Ltd. (Japan)
• Beiersdorf AG (Germany)
• Johnson & Johnson Services Inc. (U.S.)
• Unilever Plc. (U.K.)
• The Procter & Gamble Company (U.S.)
• Natura & Co. (Brazil)
• The Estee Lauder Companies Inc. (U.S.)
• Kao Corporation (Japan)

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Availability of Formulations with SPF+ Moisturizer Benefits Augment Growth

Availability of formulations with SPF+ Moisturizer benefits is anticipated to drive the sun care products market growth. Women populace is seeking products which are multi-functional such as a whitener equipped with sun protection, or a moisturizer with sun protection, and others. Market players in the personal care market have been developing products that caters to changing consumer preferences.

However, people are less likely to purchase these products in other seasons as much as they do in holidays and summer periods which is expected to hamper the market growth.

Segmentation

Sun-Protection to Lead Due To Greater Product Usage

On the basis of product type, the market is divided into sun-protection, after-sun, and tanning.  The sun-protection segment dominates with the largest market share as sun-protection products are applied to exposed body parts before going into sunlight. The need to re-apply has prominently resulted in greater product usage.

Lotion/Cream To Lead Due As It is Traditional Forms Of Skincare Products

On the basis of form, the market is divided into lotion/cream, sprays, stick/roll-on, and others (gels, masks, etc.).  The lotion/cream segment dominates with the largest market share as it is one of the traditional forms of skincare products.

0-29 SPF To Lead As It Is One Of Cost-Effective SPF Products

On the basis of SPF, the market is divided into 0-29, 30-50, and >50.  0-29 SPF segment dominates with the largest market share as it is one of cost-effective SPF products.

Hypermarkets/supermarkets To Lead As People Prefer Buying Products in Bulk

On the basis of distribution channel, the market is divided into hypermarkets/supermarkets, pharmacies, online, and others.  The hypermarkets/supermarkets segment dominates as customers prefer buying the necessary grocery items in one place in bulk. Bulk purchasing also allows customers to avail of benefits such as discounts.

Regional Insights

Europe to Lead Due To Greater Product Usage in Holidays and The Summer Season

Europe holds the largest part of the sun care products market share due to greater product usage in holidays and the summer season. The market stood at USD 4.31 billion in 2022 with the spike in the sale of self-tanning products.  

Asia Pacific has a significant market share due to the high consumption of sun care products due to subtropical conditions in Australia and New Zealand. Surge in the travel and beachside activities is also increasing product sales in the region. 

Competitive Landscape

Market Players Have Been Focusing On Safe, Green, and Highly Active Ingredients

The key market players are Beiersdorf AG, Edgewell Personal Care, and Johnson and Johnson, and local players. The market players have been focusing on safe, green, and highly active ingredients. BASF and Galaxy Surfactants are the suppliers of active ingredients or UV filters such as would play a vital role in the supply chain of sun care products. 

Key Industry Development

• May 2023- CJ Olive Young Corporation launched its own Greentea Cica Mild suncare stick products in the Japanese market. CJ Olive Young Corporation is a South Korean health and beauty products store. The product is available at Plaza, the Japanese lifestyle store.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/sun-care-products-market-103821

The global feminine hygiene products market size was valued at USD 39.66 billion in 2022 and is expected to be worth USD 41.29 billion in 2023. The market is projected to reach USD 62.66 billion by 2030, recording a CAGR of 6.1% during the forecast period.

The sales of feminine hygiene products have grown tremendously in recent years as more women are gaining awareness on the importance of maintaining proper menstrual hygiene. Women residing in rural areas neither have access to proper menstrual hygiene products nor receive adequate education on the importance of the same. Such lack of awareness can have some serious consequences such as temporary infection in the genital areas and infertility. Such factors are expected to positively affect the feminine hygiene products market growth.

Fortune Business Insights™ displays this information in a report titled, "Feminine Hygiene Products Market, 2023-2030."

List of Key Players Profiled in the Feminine Hygiene Products Market Report:

• Procter & Gamble Company (U.S.)
• Unicharm Corporation (Japan)
• Essity AB (Sweden)
• Kimberly-Clark Corporation (U.S.)
• Ontex Group NV (Belgium)
• Edgewell Personal Care (U.S.)
• Maxim Hygiene (U.S.)
• Hengan International Group (China)
• TZMO SA (Poland)
• Unilever Plc. (U.K.)

Report Coverage:

The research report offers an in-depth analysis of the industry and highlights prominent areas, such as distribution channels, competitive landscape, and key product types. The report also offers insights into the latest market trends and highlights key developments in the industry.

Drivers and Restraints:

Growing Menstrual Literacy Rate to Boost Market Growth

Feminine hygiene products play a vital role in helping women manage their period flow effectively. Nowadays, more women in the rural areas are receiving education on the importance of using products, such as menstrual cups, tampons, and sanitary pads, thereby boosting the menstrual literacy rate. Since there has been a commendable rise in the number of working women, the demand for these products has grown, thereby boosting the market growth.

However, low access of menstrual hygiene products in underdeveloped areas may hinder the market development.

COVID-19 Impact:

High Product Prices and Lack of Accessibility Slumped Market Growth During COVID-19 Pandemic

The COVID-19 pandemic had a massive impact on the income level of individuals, which ultimately affected their purchasing power. Since period products are highly priced, the demand for them decreased during this time. This factor negatively affected the feminine hygiene market during the outbreak period.

Segments:

Menstrual Care Products are Highly Used by Women to Effectively Manage Menstrual Cycle

Based on product type, the market is segmented into menstrual care products and cleaning & deodorizing products. The menstrual care products segment accounted for the largest feminine hygiene products market share as women use these products every month during their menstrual cycle.

Heavy Discounts and Bulk Purchases to Boost Customer Footfall at Hypermarkets/Supermarkets

In terms of distribution channel, the market is segmented into hypermarket/supermarket, convenience stores, drug stores, and others. The hypermarkets/supermarket segment holds a dominant position in the market as women buy their hygiene products in bulk at these stores since these shops offer heavy discounts on such products.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights:

Asia Pacific Market to Grow Considerably with Better Awareness About Menstrual Hygiene

Asia Pacific is expected to dominate the global market as the region is witnessing a notable rise in hygiene awareness in countries such as India and China.

North America and Europe markets have shown tremendous growth due to factors such as higher income level of women, better sanitation practice, and greater awareness about menstrual hygiene.

Competitive Landscape:

Key Market Players to Develop Innovative Products to Cement their Market Positions

Companies, such as Unilever, Procter & Gamble, Kimberley Clark, and many local and startup companies, are leading the market growth as these players are developing easy-to-use and safer feminine hygiene products. These products are being made with softer materials to minimize the risk of rashes and allergies, which will help them consolidate their market positions.

Key Industry Development:

• June 2021: Callaly, a British manufacturer of menstrual management products, partnered with Sustainable Materials Innovation Hub (SMI Hub) to produce sustainable materials for menstrual hygiene products.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/feminine-hygiene-products-market-103530

According to Fortune Business Insights™, the global hair removal products market size is expected to showcase a significant growth by reaching USD 4.94 billion by 2027 while exhibiting a CAGR of 4.3% between 2020 and 2027. This is attributable to the increasing awareness regarding personal hygiene among women and men that is propelling the sales of these products across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Hair Removal Products Market, 2020-2027.” The report further mentions that the market stood at USD 4.01 billion in 2019 and is likely to gain momentum in the forthcoming years.

Fortune Business Insights™ lists out all the hair removal products market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

• Cynosure, LLC. (Westford, MA, USA)
• Solta Medical, Inc (Bothell, Washington, USA)
• Lumenis (Yokne'am Ilit, Tsafon,Israel)
• Alma Lasers International (Israel)
• Candela Corporation( Wayland, Massachusetts, USA)
• Venus Concept (Toronto, Ontario, Canada)
• Hologic, Inc (Marlborough, MA, USA)
• Braun GmbH (Germany)
• Koninklijke Philips N.V., (Amsterdam, Netherlands)
• Samsung Electronics Co Ltd (Seoul, South Korea)

A hair removal product is widely adopted to remove unwanted hair over cheeks, legs, back, chin, feet, upper lip, and other body parts. There are several methods to remove unwanted hair, however, these products provide the best results that are cost-effective and leave the skin with a soft and shiny glow. Removing unwanted hair has becoming a part of the skincare regime with remarkable innovations in hair removal technology such as the adoption of laser, and intense pulsed light (IPL) that is gaining recognition among the people across the globe.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.

DRIVING FACTORS

Increasing Focus on Personal Hygiene to Promote Growth

The hectic lifestyle and the increasing stress levels among the working population are propelling the demand for personal care products. Owing to increasing fashion and style among the young population, the adoption of personal grooming products is experiencing tremendous growth to enhance their appearance among the peer. The growing trend to maintain personal hygiene and appear attractive amongst both women, as well as men is expected to drive the global hair removal products market in the forthcoming years. 

SEGMENTATION

Creams Segment Held a Market Share of 38.28% in 2019 Owing to its Multiple Benefits

The segment creams, based on product, held a market share of 38.28% in 2019 and is likely to experience a significant growth owing to the increasing demand for cream-based hair removal products that provides multiple benefits such as effective hair removal, and healthy moisturizing skin. 

REGIONAL INSIGHTS

High Women Employment Rate in Europe to Aid Growth

Among all the regions, Europe stood at USD 1.45 billion in 2019 and is expected to hold the highest position in the global hair removal products market. This dominance is attributable to the increasing women employment rate that is driving the growth of these products in the region. The market in Asia-Pacific is expected to experience an exponential growth in the forthcoming years. This is ascribable to factors such as the rising youth population that propels the demand for personal hygiene and grooming products in countries such as India and China.

Rеаѕоnѕ to Get thіѕ Rероrt:

• A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
• Data on market value for each section and sub-segment
• Indicates the region and market segment that is likely to expand the fastest and dominate the market.
• The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
• The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.

COMPETITIVE LANDSCAPE

Moom Launches New Hair Removal Men Kit to Consolidate its Market Position

In August 2020, MOOM, a well-known brand known for their natural hair removal products, announced the launch of its latest product that contains advanced sugar wax formula. The new product by the company is a combination of natural products such as lemon juice, sugar, aloe vera, boswellia, and chamomile. The launch of the product is expected to strengthen its product portfolio and gain a competitive edge. Furthermore, the adoption of strategies such as merger and acquisition, partnership, and collaboration by the companies is expected to favor the global hair removal products market growth during the forecast period.

Industry Development:

• July 2020: Astanza Laser, a global leader in aesthetic laser technology, introduced a new product for hair removal, Asclepion MeDioStar laser. According the company, the new product is manufactured in Germany and has been commercially approved by the FDA for sale.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/hair-removal-products-market-103516

The global pet clothing industry was valued at USD 5.01 billion in 2020 and is projected to grow from USD 5.17 billion in 2021 to USD 7.0 billion in 2028 at a CAGR of 4.4% during the 2023-2028 period. Fortune Business Insights published this information in its latest report, titled, “Pet Clothing Industry, 2023-2028.” Factors such as the growing preference for sustainable clothing and the increasing focus on the introduction of innovative pet clothing is expected to favor the market growth during the forecast period.

List of Key Players Profiled in the Pet Clothing Market Report:

• Pet Rageous Designs LLC. (Burlington, U.S.)
• MILK&PEPPER (Cholet, France)
• TRIXIE Heimtierbedarf GmbH & Co. KG (Tarp, Germany)
• PETstock (South Melbourne, Australia)
• CANADA POOCH (Toronto, Canada)
• BedheadPajamas Inc. (California, U.S.)
• L. Shareholding Company Ltd. (Oxford, U.K.)
• MEDICAL PET SHIRTS INTERNATIONAL B.V. (Bleiswijk, Netherland)
• Bitch New York (New York, U.S.)
• Moshiqa (Los Angeles, U.S.)
• Petrageous Designs (California, U.S.)

What does the Report Provide?

The global market for pet clothing report provides qualitative and quantitative analysis of several factors such as the key drivers and restraints that will affect the growth. Furthermore, the report provides insights into the regional segment that covers different regions, which are contributing to the growth of the market. It also includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth during the forecast period. Moreover, the research analyst has adopted several research methodologies to obtain information about the current trends and industry developments that will drive the market growth between 2021 and 2028.

DRIVING FACTORS

Growing Preference for Sustainable Clothing to Propel Market Growth

The increasing concern related to the disposal of plastic is propelling the demand for plant-based fabric such as hemp, cotton, and other. Fashionable clothing may often result in the growing discomfort for pets such as Labradors and Golden Retrievers due to tight fitting or skin allergies. Therefore, the manufacturers are focusing on developing sustainable clothing that will protect the pets from harsh climate and other external factors. Therefore, the high demand for sustainable fabric is expected to bode well for the global pet clothing market growth during the forecast period. For instance, in November 2020, K9 Wear, a dog apparel manufacturer, announced the launch of patented, highly comfortable harnesses and garments for pet dogs. The products are available across several stores globally.

Factors Affecting the Growth of the Pet Clothing Market:

• Humanization of Pets: Pets are increasingly considered as part of the family, and pet owners are willing to spend more on their pets' well-being and appearance. Treating pets as companions has led to a growing demand for pet clothing as a way to express their personality and enhance their overall image.
• Social Media Influence: The rise of social media platforms has played a vital role in popularizing pet fashion. Pet owners often share adorable pictures of their pets dressed in fashionable outfits, leading to a trend among pet enthusiasts. The viral nature of these posts and the desire to participate in pet fashion trends have driven the demand for pet clothing.
• Increasing Disposable Income: As disposable income levels rise, pet owners have more financial resources to spend on luxury items, including pet clothing. The willingness to splurge on fashionable clothing for pets has contributed to the growth of the market, as owners seek to provide their pets with the best quality and latest fashion trends.
• Changing Weather Patterns: Climate variations and extreme weather conditions have led to an increased demand for protective clothing for pets. Pet owners are now more conscious of their pets' comfort and safety, especially during cold winters or hot summers. This has resulted in a rise in the demand for functional clothing such as sweaters, coats, raincoats, and boots.
• Availability of a Wide Range of Products: The pet clothing market offers a diverse range of products, including costumes, accessories, formal wear, sportswear, and seasonal outfits. This wide selection appeals to pet owners with different preferences and provides options for various occasions, resulting in increased sales and market growth.
• Retail Expansion and Online Shopping: The accessibility and convenience of online shopping have significantly contributed to the growth of the pet clothing market. E-commerce platforms and pet specialty retailers offer a wide range of pet clothing options, making it easier for pet owners to find and purchase fashionable outfits for their pets.
• Celebrity Endorsements and Influencer Marketing: Celebrities and social media influencers often showcase their pets in stylish outfits, creating trends and influencing consumer behavior. Their endorsements and recommendations have a significant impact on pet owners, who seek to emulate their favorite celebrities or influencers by dressing their pets in similar fashion.

MARKET SEGMENTATION:

We have segmented the global market for pet clothing based on product type, pet type, and region.

On the basis of product type, the market is segregated into Coats & Jackets, Sweaters & Hoodies, Shirts & Tops, and Others.

• Based on product type, the coats and jackets segment held a market share of about 22.65% in 2020 and is anticipated to experience exponential growth between 2021 and 2028. This is attributable to increasing preference for different colored coats and jackets by consumers across the globe.

On the basis of pet type, the market is categorized into dogs, cats, and others. Lastly, based on region, the market is divided into North America, South America, Asia-Pacific, the Middle East and Africa, and Europe.

REGIONAL INSIGHTS

North America – The region stood at USD 1.70 billion in 2020 and is expected to hold the largest global pet clothing market share in the forthcoming years. This is ascribable to factors such as the increasing spending capacity of the pet owners in the region. For instance, as per the data by the American Pet Products Association, the overall spending on pet supplies and medicinal products stood at USD 19.2 billion in 2019 compared to USD 16.1 billion in 2018.

Asia-Pacific – The market in the region is expected to showcase exponential growth backed by the growing number of middle-class population who own pets in countries such as Australia and India.

Europe – The region is expected to experience considerable growth during the forecast period. This is attributable to the presence of a high number of pets in countries such as the UK, Germany, and Netherland that is likely to boost the adoption of innovative pet clothing in the region. 

COMPETITIVE LANDSCAPE

Product Launch by Prominent Companies to Intensify Industry Competition

The global market for pet clothing is fragmented by the presence of major companies striving to maintain their dominance by developing innovative clothing products to cater to the growing consumer demand globally. In addition to this, other key players are adopting strategies such as collaboration, partnership, and merger and acquisition that will contribute to the growth of the market in the forthcoming years.

Industry Development:

• September 2020 - Dsquared2, an Italian apparel brand, announced its partnership with Poldo Dog Couture, an apparel retailer. Together, the companies introduced an entire line of fashionable dog clothing across stores in Italy.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/pet-clothing-market-104419

The global handbag market size was USD 47.57 billion in 2020. The market is projected to grow from USD 49.63 billion in 2021 to USD 78.46 billion in 2028 at a CAGR of 6.7% in the 2023-2028 period.  Developing tourism and transport industry and rising preferences towards premium fashion products are likely to fuel market growth. Fortune Business Insights™ provides this information in its report titled "Handbag Market, 2023-2028."

The rising demand for premium fashion accessories is likely to boost handbag demand. It is portable and comes in different designs, colors, and shapes. The rising tourism and transport are expected to boost the product's demand drastically. As per the information provided by the United Nations World Tourism Organization, tourist visits exhibited a 5% growth in 2018 touching 1.4 billion. The product's portability, strength, and elegant designs are likely to attract consumers to attractive bags.

Further, evolving consumer preferences and rising demand for premium fashion accessories are likely to increase sales. Moreover, manufacturers launch high-quality bags with innovative features such as outer shells, power units, and removable flaps to attract consumers' demand. For example, Evolution Smart Bag launched Autumn Blue Signature Handbag with a charging base, removable flap, and EVA outer shell evolution power unit. These factors are likely to bolster market growth during the forecast period.

List of Key Players Profiled in the Handbag Market Report: 

• Guccio Gucci S.p.A. (Florence, Italy)
• Prada S.p.A. (Milan, Italy)
• Fendi (Rome, Italy)
• Burberry (London, U.K.)
• Hermès International S.A. (Paris, France)
• Kate Spade (New York, U.S.)
• Calvin Klein Inc. (New York, U.S.)
• Coach IP Holdings LLC (New York, U.S.)
• Louis Vuitton Malletier (Paris, France)
• Chanel Ltd (Paris, France)

Highlights of the Report

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Rapidly Progressing Fashion Industry to Bolster Market Growth

Evolving consumer preferences and increasing spending capacity have led to the adoption of fashion products. The adoption of a wide range of handbags is likely to foster the product's sales. As per the data provided by the Business of Fashion Ltd and McKinsey & Company's report titled ‘The State of Fashion 2019’ the market reached USD 1.3 trillion and is anticipated to employ approximately 300 million people globally. Further, a rising number of sales from the female population is likely to escalate the product's adoption. According to the information provided by Catalyst.Org, the total female consumer spending reached approximately USD 31.8 trillion in 2019. In addition, the incorporation of promotional campaigns by manufacturers attracts consumers and boosts adoption. For example, as per the National News (UAE), in July 2018, Chanel selected Penelope Cruz as its brand ambassador. These factors are likely to drive the handbag market growth. 

However, the availability of alternative products may hamper the progress of the industry. 

Factors Affecting the Growth of the Handbag Market:

• Fashion Trends and Style Preferences: Consumer preferences for handbags are heavily influenced by fashion trends and evolving style preferences. Changes in colors, materials, designs, and sizes of handbags can significantly impact the market's growth as consumers seek to align their choices with the latest trends.
• Brand Awareness and Perception: Strong brand recognition and positive brand perception can drive demand for handbags. Consumers often seek out handbags from well-known and reputable brands, associating them with quality, status, and style.
• Income Levels and Disposable Income: Economic conditions, including income levels and disposable income, play a crucial role in determining the demand for luxury and high-end handbags. Consumers with higher disposable income are more likely to invest in premium and designer handbags.
• Consumer Demographics: Demographic factors such as age, gender, and lifestyle can impact handbag preferences. Different age groups and genders may have varying preferences for handbag styles, sizes, and functionality.
• Occasions and Usage: The purpose of using a handbag can influence purchasing decisions. Handbags designed for everyday use, work, special occasions, or travel cater to different consumer needs and preferences.
• E-Commerce and Online Shopping: The rise of e-commerce has significantly affected the handbag market. Online platforms provide consumers with a wide range of options and convenience in purchasing, contributing to market growth.
• Globalization and Travel: Travel and globalization have led to increased exposure to international brands and trends. This exposure can influence consumer preferences and lead to the adoption of new styles and designs.
• Innovation and Design: Handbag manufacturers continuously introduce innovative designs, materials, and features to attract consumers. Unique designs and functional features can drive demand for new and differentiated products.
• Influence of Celebrities and Influencers: Celebrity endorsements and influencer marketing can have a substantial impact on the handbag market. When a celebrity is seen using a particular brand or style, it can lead to increased interest and sales.
• Sustainability and Ethical Concerns: Consumer awareness of sustainability and ethical practices has grown. Brands that prioritize eco-friendly materials, ethical sourcing, and responsible production may gain a competitive edge in the market.

Segments

By product, the market is segmented into satchel, clutch, tote, saddle, body cross, hobo, and others. As per raw material, it is bifurcated into leather and fabric. Based on the end-user, it is classified into women and men. Regionally, it is grouped into Europe, North America, Asia Pacific, South America, and the Middle East & Africa. 

Regional Insights

Rising Per-Capita Income to Boost Market Development in Europe

Europe is projected to dominate the handbag market share because of the rising per-capita income and evolving consumer preferences. The market in Europe stood at USD 16.14 billion in 2020 and is expected to grow positively during the upcoming years. Further, rising demand for premium fashion items and the presence of several major players are likely to fuel product demand. These factors are likely to boost market development. 

Asia-Pacific is expected to grow steadily because of the presence of the rapid surge in employment. As a result, the number of consumers willing to purchase premium products has increased significantly. As per the International Labor Organization, the employment ratio in Asia-Pacific increased by 33.1% in 2019. These factors are likely to boost industry growth. 

In North America, the positive growth of the small industries has boosted handbag adoption. For example, as per the data published by the Small Business Administration, the number of small businesses in the U.S. is approximately 30.7 million as per 2019 and possesses nearly 59.9 million employees. In addition, the presence of several fashion shows such as Micam Americas Las Vegas, Stylemax Chicago, and Apparel Sourcing USA are likely to boost the market growth.  

Competitive Landscape

Major Players Launch Innovative Products to Improve Brand Image

Prominent companies operating in the market launch innovative products to satisfy consumer demand and boost brand image. For example, VKY Original launched a slew of classic luxury handbags including tote and messenger bags in November 2019. The handbags are designed using a signature concealed secret lining to increase the bag's appeal. This launch may enable the company to boost its brand image globally. Moreover, the adoption of acquisition strategies may enable manufacturers to acquire resources and produce quality products. This strategy can boost companies' annual revenues. 

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/handbag-market-103860

The global pet toys market size was valued at USD 7.57 billion in 2021 and is projected to grow from USD 8.01 billion in 2022 to USD 12.63 billion by 2029, exhibiting a CAGR of 6.73% during the forecast period.

This information is presented by Fortune Business Insights, in its report titled, “Pet Toys Market, 2022-2029.”

Fortune Business Insights™ lists out all the pet toys market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

• Central Garden & Pet Company (U.S.)
• ZippyPaws (S.)
• Radio Systems Corporation (S.)
• Multipet International, Inc. (S)
• Kyjen Company LLC (S)
• Kong Company (S)
• Benebone LLC (U.S.)
• Petmate (S.)
• Ethical Products, Inc. (S)
• Petsport USA, Inc. (S.)

Report Coverage:

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for pet toys in the near future.

Drivers and Restraints:

Rising Demand for Pet Subscription Boxes to Favor Market Expansion

Subscriptions are growing in popularity worldwide, and the pet food industry is no different. Direct-to-consumer pet toy sales were gaining momentum before the COVID-19 outbreak. During the pandemic, pet toy subscription services were on the rise, as people play with their pets, their relationships grow more and more, encouraging the premiumization of toys and items for pets. Some of these dogs, cats, and other pets are part of an unprecedented increase in the number of pet owners in the U.S., resulting in increased sales volume and value of pet products.

Regional Insights:

North America to Lead Backed by Rising Number of Pet Adoptions

The North America region is expected to hold a major share of the global market owing to the increasing number of pet adoption in the U.S. that give rise to the demand for soft and flexible toy products.

The development of the pet dog and cat toy market in the Europe is expected to grow at a faster rate during the forecast period due to the presence of a large number of pet stores and pet products manufacturing units in countries.

The Middle East & Africa and South America regions are expected to be supported by the production of premium and high-quality pet animal toys and the inclination of the manufacturers toward producing a new variety of pet toys in those countries.

Segments:

Balls Segment to Dominate Market due to its Flexibility and Ease

The market is segmented into plush, rope, balls, and others based on product type. The balls segment is estimated to grow at a significant rate in the coming years.

Dog Segment to Dominate Market owing to Large Number of Pet Dogs Around the World

Based on pet type, the market is segmented into dogs, cats, and others. The dogs segment is expected to dominate the market owing to a large number of pet dogs around the world, which increases its demand in the market.

Offline Segment to Dominate Market Due to Growing Number of Pet Stores

Based on distribution channel, the market is segmented into offline and online. The offline segment held a significant market share in 2021, accounting for more than 60% of global sales.

Based on geography, the global pet toys market share is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Competitive Landscape:

Important Business-related Announcements by Key Players to Influence Market Dynamics

Fundamental companies in the market often make crucial announcements regarding some business moves, which, in turn, affect the market either positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.

Key Industry Development:

• November 2022: Nylabone, a popular brand of Central Garden & Pet Company, announced the launch of its new range of play toys for creative fun activities.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/pet-toys-market-106259