Denim Market and Growth Prediction till 2024

The global market is anticipated to experience 4.60% CAGR owing to the growing preference of denim apparel among the youth, asserts Market Research Future (MRFR). Denim is referred to as a rugged cotton twill textile or a fabric which is used to prepare products such as shirts, jeans, bags, jackets, and other accessories. Evolved from the demand of American goldminers in order to withstand the work stress, has gained huge acceptance especially among the youth population. The first denim manufactured was in the year 1873 by Levi Strauss and Jacob Davis. Today denim is a fashionable and important item in every wardrobe and has become one of the most lucrative businesses across the globe.

Global Denim Market is projected to garner USD 128,643.1 million during the forecast period (2018-2023). Denim market has gained huge acceptance in the fashion industry across the globe. With youth becoming extremely fashion conscious, the spending on branded denims have increased. The increasing preference for denim apparel among the youth is one of the major drivers for the market growth. Also, the augmenting per capita income among the youth is supporting the market to a great extent. Denims are largely preferred due to its durability, comfortable nature, and low maintenance. They are available in formal as well as casual wear, and a wide variety of shades. Such factors have highly influenced the market growth during the assessment period. The growth of e-commerce and organized retail sector has further contributed to the growth of the market. With the growth of several retail chains such as specialty stores, supermarkets, and hypermarkets, the denim market is anticipated to flourish during the estimated period. Development of retail sectors is taking place in tier-2 and tier-3 cities besides major cities, which has further accelerated the reach of denim products. Additionally, with the growing number of shopping malls and availability of denim products through e-commerce have further increased the sales of the market across the globe.

On the flip side, counterfeit products are considered one of the common restraints to the growth of the market. Several popular brands undergo the fight against fake products in the global market. For instance, in August 2017, LEVI’s had filed a complaint in the US district court stating that a group of unnamed defendants had created an e-commerce site selling counterfeit LEVI’s products to the consumers.

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Segmental Analysis

The global denim market has been segmented since type, consumer group, distribution channel, and region.

By mode of type, the global denim market has been segmented into loose fit, slim fit, and others. Loose fit denims account for 34.8% of the market share and is estimated to expand at a moderate rate owing to the texture and comfort it offers. The slim fit denims are considered to retain its dominance during the estimated period owing to the rising preference of the consumers towards skinny fit apparels. The others segment comprises joggers, straight fit, cropped jeans, high waisted jeans, baggy jeans, boot cut, and others. This segment is likely to expand at 4.46% CAGR during the appraisal period.

Licensed Sports Merchandise Market Report with Latest Trends & Forecasts till 2024

Implementation of effective sports marketing helps in achieving financial success of sports clubs and organizations. Major market players are focusing on analyzing the purchasing behavior of the sports fans across the globe and strategizing product launches accordingly. Events such as FIFA World Cup and National Football League (NFL) are expected to create an attraction among sports lovers which in turn will boost the inclination towards purchasing licensed sports merchandise during the forecast period.

Based on product type, the global Licensed Sports Merchandise Market has been segmented into sports apparel, sports footwear, sports accessories & toys, videogames, and others. The sports footwear segment is expected to dominate the global licensed sports merchandise market during the forecast period. Rising number of populations inclining towards fitness and routine workout has increased the demand for sports footwear as their basic requirement, which is primarily driving the growth of footwear segment. Merchandise footwear sold being licensed by famous celebrities such as Michael Jordan and LeBron James have gained reasonable popularity among urban consumers across the globe. Other sports include baseball including shoes by Derek Jeter and Hockey including National Hockey League (NHL) logo. However, the sports accessories & toys segment is expected to gain the fastest growth in the global licensed sports merchandise market. The technological advancements such as 3D printing in wide variety of sports accessories have enhanced the product appearance leading to an increased demand for 3D printed licensed sports keychain, ball, celebrity figures, team flags and many more.

The global licensed sports merchandise market has been divided, by price range, into premium and economic. The economic segment is expected to dominate the global licensed sports merchandise market during the assessment period due to its affordability by large group of population across the globe. However, with growing passion for sports and rising per capita disposable income of consumers across the globe, the premium segment is projected to record the highest CAGR during the forecast period.

The global market for licensed sports merchandise has also been classified, by distribution channel, into store-based and non-store based. The store-based segment has been further segregated into hypermarkets and supermarkets, convenience stores, specialty stores, and others. The store-based segment is expected to generate higher revenue, with the hypermarkets and supermarkets sub-segment being the largest due to strong vendor networks, high product appeal due to lucrative packaging and feel of the product. 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.

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Regional Analysis

The global licensed sports merchandise market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world.

The licensed sports merchandise market in North America is expected to dominate during the forecast period due to high participation of American population in popular sports such as baseball and soccer. Growing fan following of popular teams such a Dallas Cowboys and Chicago Bulls are expected to boost the demand for licensed sports merchandise market in North America during the forecast period.

Asia-Pacific is expected to be the fastest growing region in the licensed sports merchandise market during the forecast period. Rising popularity of various international sports among the teenagers owing to increasing adoption of cross-cultural fashion trends are expected to fuel the licensed sports merchandise market in the region during the forecast period.

Laundry Detergents Industry to Undertake Strapping Growth During 2024

The laundry detergents market is expected to witness high growth in future, due to increasing e-commerce platforms across the globe. Moreover, growing usage of laundry services in the emerging economies is expected to aid the growth of laundry detergents market.

Based on product type, the global Laundry Detergents Industry has been segmented into bars, powder, liquid, pods, and others. The liquid segment accounted for the maximum market share in 2017 and is expected to grow at a higher rate during the forecast period due its increasing usage in residential and commercial sectors such as hospitality industry, laundry services, textile industry, and others. Residential sector includes its usage in household cleaning.

Key Players:

Some of the key players in the global laundry detergents market are Unilever (UK), The Procter & Gamble Company (US), RSPL Group (India), Henkel AG & Company, KGaA (Germany), Church & Dwight Co., Inc. (US), Nirma Limited (India), Lion Corporation (Japan), Kao Corporation (Japan), and Method Products, pbc.(US).

Segment:

The global laundry detergents market has been segregated, by distribution channel, into store-based and non-store based. The store-based segment has been further segregated into supermarkets and hypermarkets, convenience store, and others. The store-based segment is expected to generate higher revenue, with the supermarkets and hypermarkets sub-segment being the largest due to the strong and widespread network of stores. 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 retailing.

Regional Analysis:

The global laundry detergents market has been segmented based on region, into North America, Europe, Asia-Pacific, Rest of the World.

North America is expected to dominate the global laundry detergents market owing to the rising number of e-commerce platforms is expected to be the major driving factor for product growth, particularly among the working-class owing to the convenience and easy accessibility. The e-commerce platform, in the US and Canada is largely acquired by companies such as Target, Amazon, and Walgreen. These companies offer wide range of products, which in turn attracts more consumers. Hence, it is expected to drive the laundry detergents market in coming years

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Asia-Pacific laundry detergents market are expected to grow at a rapid pace due to the increasing population in the countries and consumption of laundry detergents in the regions. Europe is also expected to project a significant market share owing to the increasing disposable income of consumers in the countries, have led consumers opt for different products. Furthermore, hectic schedule of consumers in the countries have led to adoption of products which are easy and continent to use. Hence, this is expected to drive the growth of laundry detergents market.

Sun Care Products Market by Top Brands to 2024

Market Research Future (MRFR) projects that the Global Sun Care Products Market will exhibit a sound growth in the forthcoming years. Sun care products have strong penetration in consumer markets worldwide. These products offer the firs-line of defence from harsh sun rays. There is a vast range of sun care products available today. These products are perceived to help in maintaining and restoring skin health. The ingredients are used in preparing sun care products to have properties that shield the skin cell from harmful sun rays. Factors as such continue to drive the global popularity of sun care products.

Industry News

• SC Johnson & Sons, a Racine-based consumer chemical company is reportedly planning to acquire Sun Bum a California-based wellness products manufacturer. Sun Bum has an impressive line of personal care products, which include hair care, lip care and sun protection products.

Global Sun Care Products Market: Competitive Landscape

Notable companies discussed in MRFR’s report include 

• Groupe Clarins (France)
• Coty Inc. (the US)
• L'oreal (France)
• Beiersdorf AG (Germany)
• Beiersdorf AG (Germany)
• Unilever (UK)
• Johnson & Johnson (the US)
• Shiseido Co. Ltd. (Japan)
• Burt's Bees (the US)
• Bioderma Laboratories (France)

Global Sun Care Products Market: Segmental Analysis

The segmental analysis of the market has been conducted on the basis of form, type, distribution channel, and end-use.

Based on form, the market has been segmented into gels, sprays, creams & lotion, powder and others.

Based on type, the market has been segmented into after sun products, sun protection products, self-tanning care products and others.

Based on distribution channel, the market has been segmented into non-store based and store based.

The store-based segment covers convenience stores, supermarket and hypermarket, specialty stores and others.

Based on end-use, the market has been segmented into hair care, skin care and others.

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Global Sun Care Products Market: Regional Analysis

Key regions discussed in the report include North America, South America, Asia Pacific (APAC), Europe and the Middle East & Africa (MEA). North America is the lasted market for sun care products. A large number of Americans use these products. High level of consciousness and desire to keep a healthy and glowing skin are factoring favouring the market growth in the region. Following North America, the demand for sun care products is highest in Europe. In terms of revenue, Europe accounts for the second spot in the global sun care products market. At the same time, increased inclination towards organic and natural variants, is opening new growth avenues for market players. Meanwhile, a sharp rise in demand for sun care products is expected in APAC in the years to come.

Baby Diapers Market Share Enhancements and Global Developments

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

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

Market Segmentation:

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

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Regional Analysis:

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