Furniture Market Growing and Industry Outlook 2020

The global furniture market is estimated to be valued at USD 654.60 billion by 2025 and expected to grow at a CAGR of 2.64% during the forecast period. The wood segment of the furniture accounted for the largest market share in the material type segment. However, melamine segment has been projected to grow at the highest CAGR on account of increasing demand in Asia-Pacific and its low cost.

However, the only bottleneck in a growth trajectory of the global Furniture Market is the high prevalence of the unorganized sector in the furniture industry.

Among the furniture type, sofas accounted for the largest market share of 23.3% in 2018, closely followed by beds in the second place. However, the cabinets segment is expected to grow with the highest growth rate of 3.00% during the forecast period.

Segment analysis

Global furniture market has been segmented on the basis of type, material type, furniture type, end-use, and region. On the basis of type, the market has been divided into RTA and non-RTA. Ready-to-assemble furniture (RTA), also referred to as knock-down furniture (KD), flat pack furniture, or kit furniture, is a form of furniture that requires customer assembly. The popularity of RTA furniture is rising since it has become consumer-friendly owing to improved materials, hardware, and design innovation. Non-RTA furniture is fully assembled furniture that does not require the need for assembling and are sold by suppliers after completing the required fitting and assembling. The non-RTA furniture is finished with the highest quality and high appeal since it comes assembled from the supplier. The non-RTA accounts for a higher market share compared to the RTA furniture type. However, non-RTA is expected to propel with the highest growth rate of 3.83% during the forecast period.

Based on material type, the global furniture market is segmented into wood, melamine, glass, steel, wrapped panels, finished foils, laminates, and lacquered panels. Wood is one of the most popular and demanded materials for furniture across the globe, owing to its long lifespan. Wood is expected to account for the largest market share of 27.5%, in 2018, among all other material types. Furniture made with melamine have properties such as smooth surface, uniform structure, durable, resistant towards wear and tear, and corrosion resistant caused by general acid, alkali, grease, and alcohol. Melamine furniture also possesses a decorative function since the surface of melamine has a layer of melamine paper, which is artificially controlled by furniture manufactures. Melamine segment is expected to grow with the highest CAGR of 3.10% over the forecast period.

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On the basis of furniture type, the global furniture market is segmented into chairs, sofas, tables, beds, cabinets, and others. Sofas are covered with a wide choice of synthetic, natural, or blended fabric. The design, comfort, and elegance of sofas are the critical factors affecting the buying decision of consumers, across the globe. Sofas segment are expected to account for the highest market share of 27.3%, in 2018, followed by beds. However, the cabinets are expected to have the highest growth rate of 3.00%, during the forecast period.

By end-use, the global furniture market has been segmented into commercial and household segments. The household segment accounted for the larger market share of 76.4% in 2018 in comparison to commercial segment. The household segment has been further segmented into kitchen, bedroom, living room, storage, home office, and others. However, the commercial segment is projected to exhibit a higher CAGR of 3.56% during the forecast period.

Athleisure Market Landscape, Shares, Trends, Challenges, Segmentation with Forecast

According to distribution channel, the market for athleisure has been divided into store-based and non-store-based. The store-based segment which is expected to dominate the athleisure market mainly because of the advantage of touch and feel, which is not the case with online retail. However, online retail for the industry is expected to outplay brick and mortar retail in the coming years due to competitive pricing and buying convenience.

The Athleisure Market is on the rise due increasing involvement of developing nations into sports and fitness activities. Also, the increasing disposable income and active brand promotions has led to the popularity and increased market sales. Athleisure includes apparels such as sneaker, joggers, leggings, hoodies, and many more. Many companies used high-end performance enhancing materials for their making while the many apparels are not defined in their athletic performance enhancing abilities.

Under Armour, Inc. (US), Lululemon Athletica (Canada), Adidas AG (Germany), Nike, Inc. (US), H&M (Switzerland), Eysom (US), Outdoorvoices (US), Ten Thousand, Inc. (US), Isaora (US), Human Performance Engineering (UK).

The Global Athleisure Market has been segmented based on apparel type, end-use, distribution channel, and region.

By apparel type the market is segmented into sneakers, yoga pants, shorts, sports bras, leggings, tights & joggers, sports jackets, and others.

By end-use the market is segmented into men and women.

The global athleisure market has been classified based on distribution channel into store-based and non-store-based.

The global athleisure market has been regionally segmented into North America, Europe, Asia-Pacific, and Rest of the World.

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North America is expected to dominate due to higher product awareness and high demand of smart sports apparels and activewear in the region. Europe also has a very high market potential with many millennials and baby boomers opting for trendy sportswear. However, market for Asia-Pacific is expected to propel with the fastest growth rate during the forecast period. Large population size and increasing disposable income in the region are expected to fuel the market of athleisure during the forecast period. Other factors helping the market in the region includes growing awareness related to smart fabrics and increasing participation into sports and gym activities.

Asia Pacific is expected to grow the fastest during the forecast period. Increasing brand awareness mainly due to the celebrity brand endorsements of products and increasing population involvement into health and fitness related activities are some of the reasons for the market growth. China is expected to dominate the Asia Pacific market due to large population size with medium to high disposable income. Asia Pacific is expected to be the fastest growing market for athleisure due to growing disposable income and growing awareness of products due to social media in the region. Also, increasing indulgence into sports and sports related activities in the region is expected to propel the market with the highest growth rate.

Mosquito Repellents Market to Undertake Strapping Growth During 2024

Mosquito repellents do not kill mosquitos but weaken them and deter them from biting people. These repellents come in the form of sprays, coils, machine vaporizers, skin-friendly creams & oils, and body patches. They generally have a limited effect time ranging from 5-10 hours. These repellents are generally made from chemicals such as N, N-Diethyl-meta-toluamide), diethyl phthalate, diethyl carbate, picaridin and ethyl hexanediol.

These repellents sometime contain chemicals which can be to humans in cases of prolonged usage. Hence, many manufacturers are focusing on natural ingredients repellents such as tea tree oil, citrus, neem, and many other repellents in their product formation.

Based on the type, the global mosquito repellents market includes coil, spray, vaporizer, oil & cream, patches, and others. Vaporizer dominated the repellents type segment as they are convenient to use, less polluting, and considerably affective to kill or subdue mosquitos. However, with increasing awareness regarding harmful chemicals and allergens present in the vaporizers and sprays, the demand for natural and organic mosquito repellents is expected to increase in the coming years. Also, increasing disposable income in the developing regions would further help the market growth during the forecast period. Eco-friendly spray oils and body patches repellents which are made from natural repellent ingredients such as cinnamon, neem and lemon oil are expected to surge with the highest growth rate.

Natural mosquito repellents are non-toxic and devoid of any synthetic chemicals which causes mutation in genes and allergies. They are comparatively costlier to synthetic mosquito repellents due to extensive R&D and processing done to make them easily usable.

The market of mosquito repellents has been divided on the basis of forms into aerosols, liquid, solid, and others. The market is dominated by solid mosquito repellents which are used in the form of coils and mats. However, the market of liquid is expected to increase mainly due to the fact that they are more effective and are eco-friendly. However, cost of aerosols and liquid vaporizers is considerably higher compared to solid repellents, hence, liquid-based mosquito repellents have a lower market share in developed regions, but their share is expected to increase in the developing regions with growing disposable per-capita income.

According to distribution channel, the market of mosquito repellents has been divided into store-based and non-store-based. The store-based segment which is expected to dominate the mosquito repellents market mainly because of comparatively higher penetration of brick and mortar stores than online distribution in the dominant markets of Asia-Pacific, South America and Africa, which is not the case with online retail. However, online retail of mosquito repellents is expected to outplay brick and mortar retail in the coming years with competitive pricing and ease of buying.

Moreover, non-store-based segment which is online shopping, is expected to grow fastest due increasing smart phones and internet penetration in the developing regions.

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Segmentation

The global mosquito repellents market has been segmented based on type, form, distribution channel, and region.

By type the market is segmented into coil, spray, vaporizer, oil & cream, patches, and others.

By form the market is segmented into aerosols, liquid, solids, and others.

The global mosquito repellents market has been classified based on distribution channel into store-based and non-store-based.

Skin Lightening Products Market and Volume with Status and Prospect to 2024

Cosmetics & personal care industry has witnessed a substantial growth across the globe. Among the cosmetics, skin lightening products are gaining massive popularity among the consumers owing to the several factors. One of the major benefits offered by skin lightening products is to protect against strong UV rays of the sun due to which the

Based on product type, the global Skin Lightening Products Market has been segmented into creams & lotions, cleansers & toners, face masks, scrubs, and others. Among the product type, creams & lotions are expected to account for the major market share in the global skin lightening products market throughout the forecast period.

The market of global skin lightening products has been divided based on category into conventional, and organic. Among the category, conventional segment is expected to account for the maximum market share in the global skin lightening products market and projected to witness a moderate growth rate during the forecast period. Economical pricing, and easy availability are the major factors for the rising growth for conventional skin lightening products market.

Based on end user, the global skin lightening products market has been segmented into men, and women. Women segment is estimated to account for the maximum market share in the global skin lightening products market.

Based on the distribution channel, the global skin lightening products market has been segmented into store-based, and non-store-based. Store-based distribution channel is estimated to hold significant market share both in developed and developing economies. Store-based distribution channel is further segmented into supermarkets & hypermarkets, specialty stores, and others. Among the store-based distribution channel, specialty stores segment is projected to witness high growth as compared to the other segments. Major manufacturers of skin lightening products are emphasizing to set up separate stores which cater only the skin lightening products. Moreover, renowned brands have increased their geographic presence through extensive distribution and offering premium skin lightening products in specialty outlets, thereby boosting the global market growth. However, non-store-based distribution channel is projected to expand at a high pace in the near future.

Key Players

Some of the key players in the global skin lightening products market are L'Oréal S.A.(France), Beiersdorf AG (Germany), Unilever PLC (UK), Procter & Gamble Company (US), Shiseido Company (Japan), Estée Lauder Companies Inc.(US), Avon Products Inc.(UK), Kao Corporation (Japan), Lotus Herbals (India), and Clarins group (France).

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Regional Analysis

The global skin lightening products market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific region is expected to retain its dominance throughout the forecast period in the global skin lightening products market. Large population size in the countries of Asia-Pacific region is one of the major factors for the rising growth for skin lightening products in the Asia-Pacific region. Rise in disposable income of the consumers in the developing nations such as India, China, and Indonesia are expected to fuel the sales of skin lightening products during the forecast period. Among the Asia-Pacific, China and India have accounted for significant market share in the year of 2018 and the trend is expected to continue throughout the forecast period. Europe has accounted for approximately 20-30% market share in the global skin lightening products market. Germany and France are the major markets for skin lightening products in Europe.

Natural and Organic Cosmetics Industry Growth Analysis and Forecast 2024

Natural and Organic Cosmetics Market appears to grow with overwhelming possibilities as well as opportunities during the forecast period (2018-2023). The natural and organic cosmetics market is expected to reach revenues worth USD 25,107.7 million, expanding at a CAGR of 9.60 % till 2023.

Natural and Organic Cosmetics Industry Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand, Outlook etc. Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability.

The major factor driving the growth for the natural and organic cosmetics is a growing preference for natural and organic ingredients in the cosmetics by the consumers. The second factor supporting the market growth is the positive impact of social media on the growth of natural and organic cosmetics market. However, the short shelf life of the natural and organic cosmetics can hinder the market growth.

Leading Key Players

The market players are observed as being focused on increasing their operations globally and engage in strategic acquisitions to grow in the business of natural and organic cosmetics. The key players profiled in the study are Aubrey Organics Inc., Bare, The Clorox Co, Escentuals Inc, The Estee Lauder Companies Inc., FANCL Corp., Jurlique International Pty. Limited, Laboratoire Nuxe, L’Occitance International SA, LOreal SA, and Nature’s Gate.

Segment Analysis:

The natural and organic cosmetics market is segmented on the basis of the consumer group, distribution channel, by type, and region. Based on consumer group, the market has been segmented into male and female. With regards to the distribution channel, the market has been segmented into store-based distribution and non-store-based distribution. By type, the market has been segmented into hair care, makeup cosmetics, oral care, skin care, and others.

The regions covered in the global market are Europe, Asia Pacific, North America South America), and the rest of the world (RoW).

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Regional Analysis:

The regional analysis of the Natural and organic cosmetics market covers regions such as Europe, Asia Pacific, North America, and the rest of the world (RoW).

The RoW segment covers the countries of South America, the Middle East, and Africa. During the forecast period, South America is expected to emerge as the biggest regional market in this segment, growing 8.97% CAGR and its worth is expected to be USD 1,221.2 million.