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.

Halal Cosmetics Market Outlook, Trends, Key Players and Forecast 2024

Market Research Future (MRFR) perceives the global halal cosmetics market to have a noteworthy growth and advance at a CAGR of 13.40% over the forecast period which ends in 2023.

The Global Halal Cosmetics Market was valued at USD 22.74 Bn in 2017 and is expected to surpass USD 52 Bn mark by the end of 2023.

With the surge in Muslim populace across the globe, the demand for halal cosmetics are on the upswing. The Muslim population generally adhere to religious guidelines and halal cosmetics cater to the needs of these consumers.

To capitalize on the massive popularity of halal cosmetics, various multi-national players are making cruelty-free or halal cosmetics to appeal to a wider range of consumers.

Surging awareness regarding animal welfare, social responsibility and environmentally friendly products coupled with growing trend of veganism has been a major drive for the growth of the global halal cosmetics market. Animal testing for beauty products has been banned in various parts of the world and various public figures have been a critical influence for the market growth. Various celebrities are promoting the use of cruelty-free products which encourage consumers to opt for halal cosmetics.

However, the growth of the market might be hindered by high costs associated with halal cosmetics and lack of standard guidelines for halal certification. Lack of awareness regarding halal cosmetics in underdeveloped regions and lack of affordability might also act as an impediment to the growth of the market.

Segmentation

The Global Halal Cosmetics Market has been segmented based on product type and distribution channel.

Regional Analysis

North America, Europe, Asia Pacific, and the Rest of the World (RoW) are the key markets for halal cosmetics. The North America market for halal cosmetics is considerably large and is driven by presence of many cosmetics companies who are rapidly foraying into the halal cosmetics space. In addition, high disposable income and substantial demand for halal cosmetics owing to growing popularity.

Asia pacific market is slated to be the fastest growing market for halal cosmetics owing to rise in Muslim population across countries such as Malaysia, Indonesia, South Korea, Thailand, and Singapore. Moreover, the untapped markets in the region provide ample opportunities for market growth.

Europe is also a significant market and its growth can be exclusively accredited to the presence of some top-notch cosmetic companies in the region. Moreover, animal testing for beauty-care products is barred in Europe which also creates a conducive environment for the growth of the halal cosmetics market.

The Rest of the World is also expected to fare well in the coming years, especially the Middle East market due to the presence of Muslim-dominated populace in the region and their preference for halal cosmetics.

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Competitive Landscape

Iba Halal Care, PHB Ethical Beauty, Martha Tilar Group, SaafSkinCare, One Pure, Halal Cosmetics Company, Ivy Beauty Corporation Sdn Bhd., Wardah Cosmetics, Clara International, Inika, Brataco Group of Companies, Talent Cosmetics Ltd., Amara Cosmetics, Sampure Minerals, Wipro Unza, Mena Cosmetics, MMA Bio Lab Sdn Bhd., and Paragon Technology and Innovation.

 

Global Cosmeceuticals Market Analysis, Technologies & Forecasts to 2024

Cosmeceuticals are cosmetics induced with pharmaceutical ingredients to enhance the health and beauty of various body parts. They include products for skin care, hair care, oral hygiene, and other health issues. Some cosmeceuticals are naturally derived while others are synthetic, but all contain functional ingredients with either therapeutic, disease-fighting, enhancing, or healing properties. The use of cosmeceuticals has been first recorded in 4000 BC by the Egyptians. Since then the primary application of cosmeceuticals has been therapeutic. Pharmaceutical elements are often incorporated into cosmeceuticals as esters or mixtures of isomers that are neither absorbed nor metabolized by the skin.

The Cosmeceuticals Market is segmented in terms of product type that include skin care, hair care, oral hygiene, and others. Among these products types, the skin care products segment is expected to grow at the fastest rate. Skin care cosmeceuticals treat dermatologic diseases and includes products such as sunscreens, skin lightening agents, exfoliants, and anti-aging.

The cosmeceuticals market is also segmented by packaging materials into glass, plastic, metal, and others. Among these, the metal segment dominates the market because it protects cosmeceuticals from germs, moisture, and heat. Moreover, metal casing can be recycled after disposing, is unbreakable, and can be easily carried.

The distribution channel of cosmeceuticals has been segmented into store based and non-store based, for which store-based holds the maximum share as consumers favor consultations and testing of cosmeceutical products before purchasing.

Key Players

Some of the key players in the global cosmeceuticals market are L'Oréal S.A. (France), Allergan, Plc. (Ireland), Avon Products, Inc. (UK), Johnson & Johnson (US), Procter & Gamble Co. (US), The Estée Lauder Companies Inc. (US), Merck & Company, Inc. (US), Royal DSM NV (Netherlands), Unilever NV (Netherlands), and Evonik Industries AG (Germany).

Regional Analysis

Europe is holding the maximum share of the cosmeceuticals market owing to rising adoption of beauty products supported by increasing health concern among consumers. Cosmeceutical consumers in this region are more aware of the importance of healthy lifestyles. They take more responsibility for their personal health, integrating mental and physical well-being.

North America is also showing a decent growth of cosmeceuticals owing to strong economy leading to maintenance of lifestyle standards. Asia-Pacific is expected to be a growing market for cosmeceuticals owing to high populated countries supported by rising per capita disposable income and an inclination towards globalization of lifestyle trends.

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Segmentation

The global cosmeceuticals market has been segmented into product type, packaging material, distribution channel, and region.

The market based on product type has been segmented into skin care, hair care, oral hygiene, and others.

The market, by packaging material, has been segmented into glass, plastic, metal, and others.

The market, by distribution channel, has been segmented into store based and non-store based.