Market Trends and Growth

Monday, 12 December 2022

Liquid Makeup Market by Shiseido Co., Ltd. , FENTY BEAUTY, Benefit Cosmetics LLC, Estée Lauder Inc., Dior, L’Oreal Paris

The global Liquid Makeup Market is expected to reach USD 12,429.0 million by 2030, registering a CAGR of 5.4% during the forecast period, according to a new report by Grand View Research, Inc. The demand for organic products is rapidly expanding which is propelling the global market for liquid makeup. Chemical-free and organic products are becoming more popular among consumers, particularly in Europe and North America.

Liquid makeup is in high demand due to the wide variety of product availability, which further encourages manufacturers to focus on expanding their product line. Moreover, sustainability has become an essential trend in this era as consumers have become more concerned about health, wellness, and environmental issues such as the depletion of natural resources and environmental degradation.

The COVID-19 outbreak negatively affected the liquid makeup industry. Europe has the world's largest cosmetic raw materials market and is a major supplier of essential raw materials and ingredients used in the production of various forms of liquid cosmetics. The sales of liquid makeup in the initial months of 2020 were hindered as a result of the widespread closures and lockdown. Due to the social isolation, stay-at-home restrictions, and disruptions in the supply chain, the pandemic impacted cosmetics manufacturers and sales around the globe, via both online and offline channels.

In addition, there has been a considerable shift in the platforms through which people shop cosmetic or liquid makeup. The lockdown has severely impacted this aspect of the beauty industry as most of the brick-and-mortar stores were shut down for weeks. However, there has been a significant rise in sales through e-commerce channels in 2020.

Several consumers adopted e-commerce channels to purchase makeup products. For instance, websites like Nykaa and Myntra have revolutionized online shopping with their incredible offers and superior customer services. Thus, the pandemic has fueled the sales of the products through online channels and the trend is expected to boost online sales in the upcoming years.

Related Press Release@ Liquid Makeup Market Report

Liquid Makeup Market Report Highlights

Based on the product, foundation, eye products, and lip products have been the three most popular liquid makeup. Liquid eye makeup constitutes products such as eye shadows, eyeliners, and mascara, among others
The foundation segment accounted for 24.1% of the global revenue share in 2021 and the eye product segment is expected to expand at a CAGR of 5.6% during the forecast period in terms of revenue. The growing influence of beauty bloggers and influencers among millennials is also increasing the demand for liquid eye makeup products
The online segment dominated the market and accounted for 56.2% of the global revenue share in 2021. Consumer buying habits have been significantly altered by the online distribution channel, which offers benefits such as doorstep service, simple payment options, substantial savings, and the availability of a large choice of items on a single platform
The offline segment is expected to expand at a CAGR of 5.3% during the forecast period in terms of revenue
Asia-Pacific dominated the liquid makeup market and accounted for a 30.1% share of the global revenue in 2021. Asia Pacific consumes the most liquid makeup products, followed by the U.S and Germany. However, global consumption of liquid makeup is increasing, particularly in regions with a growing middle class
New product launches and innovations are some of the key strategies adopted by the players to strengthen their position in the market and gain a higher market share. In September 2020, Maybelline New York launched Falsies Lash Lift Mascara replacing lash treatments. Falsies Lash Lift Mascara is an innovative lifting mascara that quickly adds impressive length and volume to the lashes. The fiber-infused solution and revolutionary double-curved lifting brush capture lash at the root to lift, thicken, and lengthen without clumps or smears

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Friday, 9 December 2022

LED Driver Market by ACE LEDS; Microchip Technology, Inc.; Cree LED; GE Current, a Daintree Company

The global LED Driver Market size is estimated to reach USD 30.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 23.5% from 2022 to 2030. LEDs have evolved as an energy-efficient alternative for conventional light sources during the last decade, and their use in lighting and display segments across industries is increasing.

LED lighting equipment is increasingly replacing traditional lighting products due to a variety of advantages, including longer life, higher energy efficiency, better environmental friendliness, miniaturization, reduced heat output, and directionality. Furthermore, the increasing number of smart buildings and homes in developed countries is driving up demand for IoT-based linked lighting systems. Several governments have initiated Smart City efforts to increase the energy savings of inhabited cities, which is expected to further boost the market.

From 2017 to 2021, the demand for constant current LED drivers grew at an exponential rate; these drivers are frequently employed in high-brightness and exterior lighting applications. The LED driver's major application segment is consumer electronics; demand for LEDs has surged in the television and display panel segments. Leading manufacturers are cooperating with other companies to supply public lighting systems that are connected to remote management for energy savings and efficient maintenance in towns all over the world.

For instance, in November 2021, Lutron Electronics Co., Inc. announced the launch of RadioRA 3. It is a lighting control system that connects a wide variety of connected domestic products-keypads, switches, and capacitive touch dimmers to a contemporary light bar design. RadioRA 3 revolutionized how installers and consumers experience home lighting systems with the line of wall controls, including IoT (Internet of Things) connectivity and light bar design.

For applications in the low- to mid-power range, there is a growing demand for a driver with reduced power loss, a smaller system package, and lower cost while yet delivering good dependability. LED Driver manufacturers have been implementing Primary-Side Regulation (PSR) to reduce costs by removing secondary response circuitry, as well as Power-Factor Correction associated electronics, for greater power quality, to meet the criteria of cost reduction.

Related Press Release@ LED Driver Market Report

LED Driver Market Report Highlights

The constant current segment is anticipated to witness a CAGR of over 23.9% from 2022 to 2030. For general lighting applications, the constant current driver is more reliable than a constant voltage driver
The lighting segment is anticipated to witness a CAGR of nearly 26.0% over the forecast period, owing to the increased investments in Europe and the Asia Pacific
Asia Pacific dominated the industry contributing to over 44.0% of the global revenue in 2021. Government regulations in the Asia Pacific are likely to increase the demand for energy-efficient lighting

Wednesday, 14 September 2022

U.S. Frozen Dessert Market by Unilever, Nestlé, Froneri International Limited, Blue Bell Creameries

The U.S. Frozen Dessert Market size is expected to reach USD 46.39 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.6% from 2022 to 2030. The increasing prevalence of convenient snacking among U.S. consumers is paving way for frozen desserts, including ice creams and yogurt, which is driving the market in the country. Further, growing consumer awareness regarding a healthy lifestyle and following various diets recommending low-sugar intake is expected to drive the demand for vegan frozen novelties.

Key players in the country are launching products in response to the increasing demand for desserts. For instance, in October 2019, Frill, a brand of Zendegii Frill Ltd., launched its first whole fruit and vegetable-based, a dairy-free frozen dessert made with whole fruits, vegetables, and natural ingredients such as cinnamon and elderflower. The product claims to be vegan, gluten-free, non-GMO, kosher, and paleo diet-friendly.

The ice-creams product segment held the largest revenue share in 2021. The growing trend of snacking among consumers, especially millennials, due to time constraints is driving the demand for the segment in the U.S. According to the National Frozen & Refrigerated Foods Association, May 2019 report, 44% of millennials and 32% of baby boomers snack at least three times a day at home. Furthermore, the availability of ice creams in various flavors, such as vanilla, chocolate, and strawberry, will bolster the market growth in the forecast period.

The retail distribution channel segment is predicted to witness the fastest growth over the forecast period. The increasing penetration of independent retail giants such as Walmart and Costco is boosting product visibility and attracting a larger consumer base. Consumers prefer to physically verify these products before buying, which is driving the sales of frozen desserts through this channel. For instance, Amy’s Kitchen offers frozen foods including frozen desserts across supermarkets in the U.S.

Major players in the U.S. market include a combination of a few established players and many small players. Players in this market face intense competition from each other as some of them are among the top manufacturers and have a large customer base for their products in both regional and international markets.

Related Press Release@ U.S. Frozen Dessert Market Report

U.S. Frozen Dessert Market Report Highlights

California was the largest revenue-generating state in 2021. New product launches have been contributing immensely to the wide penetration of the market in this state
The frozen yogurt product segment is projected to register the fastest growth rate during the forecast period owing to its taste
The retail distribution channel segment is predicted to emerge as the fastest-growing segment during the forecast period. Increased frozen dessert offerings by restaurant chains in the U.S. is the major factor driving the market

Monday, 12 September 2022

Tabletop Kitchen Products Market Worth $59.81 Billion By 2030

The global Tabletop Kitchen Products Market size is expected to reach USD 59.81 billion by 2030, registering a CAGR of 4.1% over the forecast years, according to a new report by Grand View Research, Inc. rising disposable incomes, changing lifestyles, and an increasing number of houses are expected to drive the product demand over the forecast period. Furthermore, the evolution of self-service kiosks and the popularity of buffet systems in restaurants have also resulted in the growing adoption of tabletop kitchen products. Moreover, the increasing influence of culinary arts on consumers, coupled with the growing number of luxury hotels and high-end restaurants, further supports the demand for kitchen knives in the commercial segment.

The tourism industry is flourishing, and consumers are increasingly willing to spend on exploring exotic destinations and staying in luxury hotels. This factor has also broadened the scope for culinary travel and is expected to drive the product demand across the globe. In addition, the rising popularity of modular kitchens has resulted in increased instances of kitchen remodeling, thereby driving the demand for cooking products. Consumers are also increasing their expenditure on kitchen tools as open kitchens are trending and ambiance has become a focal point of social gatherings. Moreover, the lockdown is slowly being uplifted in various regions, which is creating a favorable scenario for the restaurant and hotel industry.

This, in turn, widens the scope for tabletop kitchen products in the commercial application. Continuous improvement in restaurant chain transactions was aided by adding 93,000 restaurant units in U.S. states, wherein on-premises dining restrictions were uplifted in May 2021. In addition, according to The NPD Group, Inc., general merchandise sales in the U.S. have also increased by 3% in the week ending June 13, 2020, compared to the previous year. These include houseware and small domestic appliances. Thus, this upscaling of restaurants and the overall growth in the restaurant industry will create high demand for premium and innovative tabletop kitchen products.

Related Press Release @ Tabletop Kitchen Products Market Report

Tabletop Kitchen Products Market Report Highlights

Europe accounted for the largest share of the global revenue in 2021 due to high the demand for premium tableware on account of the robust growth in the hospitality sector
Increasing focus on quality tableware and glassware to create the right ambiance in commercial eating places is propelling the demand for glassware and other tabletop kitchen products in the region
The drinkware segment is projected to register the fastest CAGR from 2022 to 2030. Product manufacturers are avoiding the use of BPA, a harmful chemical. For instance, TOSSWARE offers Crystal Clarity TOSSWARE, which is made of the highest-quality polymer and is 100% BPA-free, recyclable, and shatterproof
The rapid growth of the hospitality industry and increasing disposable income levels are the main factors driving the growth of this segment
The commercial segment is expected to grow the fastest CAGR during the forecast period. A thriving travel and tourism industry possesses growth opportunities for different product categories owing to consumer preference for luxurious stays in resorts or highly-rated hotels
Increasing construction activities of commercial spaces, such as clubs, marriage halls, and group centers, offer growth opportunities for buffet and self-service concepts, thereby driving product demand

Thursday, 8 September 2022

Portable Toilet Rental Market Size Worth $34.86 Billion by 2030

The global Portable Toilet Rental Market size is expected to reach USD 34.86 billion by 2030, expanding at a CAGR of 7.5% during the forecast period, according to a new report by Grand View Research, Inc. Increasing infrastructural development, particularly in the regions like Asia Pacific, is expanding the scope of the market. The construction of an 850km-long-road in Indonesia including new sections of the Trans-Sumatran highway, and major road and rail projects underway in Melbourne, Perth, and Sydney are major contributors to the growth of the market.

Robust growth in the hospitality and events sector has resulted in continued traction in the event planning segment, driving the demand for premium and luxury portable sanitation services. For instance, Washington, U.S.-based DA Productions DJ & Lighting offers luxury portable restrooms for event planners and organizers. The DJ and lighting service provider has a strong presence in the entertainment industry and works in collaboration with event and wedding planners to organize outdoor events.

Marketing through social media platforms is also one of the major strategies adopted by rental companies to mark their entry into the market and further strengthen their presence. Logo prints with contact information also act as a helpful tool to enter the market. For instance, T BLUSTAR created the option of directly printing the name and other contact details of a company on the plastic part of toilets, which serves as a potential marketing tool and long-term investment.

To meet the increasing demand for the market, companies are expanding their manufacturing facilities to boost production. For instance, in March 2019, Satellite Industries announced the opening of a new PolyPortables Distribution Center in Oregon, U.S. The company planned to expand its Portland, Oregon Regional Service Center with 30,000 sq. ft. of inside storage and 45,000 sq. ft of outside storage, making the new facility seven times larger than the current location.

Furthermore, major companies in the market are innovating to make their portable toilet units more conventional and user-friendly. The rising number of innovations and new product developments by companies with respect to features, functionality, and raw materials have increased consumer interest in the product. For instance, the development of SL2 toilets across the globe has resulted in the rapid adoption of these products by various manufacturers such as Shorelink.

Related Press Release@ Portable Toilet Rental Market Report

Portable Toilet Rental Market Report Highlights

Standard portable toilet rental was valued at USD 12.82 billion in 2021 and is expected to reach USD 23.60 billion by 2030. The rising awareness of sanitation and hygiene, improving standards of living, and the increasing demand from the rapidly growing construction industry are the major factors driving this segment’s growth
Special events application segment is expected to witness substantial growth over the forecast period with a CAGR of 9.3% from 2022 to 2030. Various festivals, particularly live music concerts, have become a major contributor to the growth of the segment
Asia Pacific region was valued a USD 8.16 billion in 2021 and is expected to register a CAGR of 8.1% over the forecast period. The growth in the region is majorly attributed to the increase in the number of residential and commercial construction sites, demanding portable toilet rental

Baby Bottle Market Size is Estimated to Witness 5.7% CAGR till 2030

The global Baby Bottle Market size is expected to reach USD 5.42 billion by 2030, expanding at a CAGR of 5.7% during the forecast period, according to a new report by Grand View Research, Inc. The increasing consumer expenditure on baby bottles, is because of long working hours and the busy schedules of parents in urban households that are resulting in a growing inclination toward infant formula over breastfeeding, thereby driving the adoption of baby bottles. The convenience these products offer, in addition to improved product features and quality, is encouraging consumers to opt for baby bottles.

Further, looking to capitalize on the growing demand for baby bottles, many players operating in the market are concentrating on expanding their businesses by offering advanced and BPA-free products. For instance, companies such as Nestlé and Abbott are also collaborating with leading milk formula producers to catalyze the sales of baby bottles. Manufacturers are also focusing on developing advanced baby bottles with improved features such as flow controllable nipple and temperature indicator devices and better raw materials like glass and silicone to gain a competitive edge.

In addition, the growing participation of women in the workforce in developing regions such as South Asia and the Middle East, and North Africa has been widening the growth opportunity for feeding bottles. According to the World Economic Forum, women in Southeast Asia are often relegated to informal work and are not provided employment benefits and legal protection. For instance, in Vietnam, only 31% of working women are employed formally, whereas 69% are engaged in informal work. In informal workplaces, the facilities for breastfeeding are far less developed compared to formal workplaces. The scenario implies that there remains a high window of growth opportunity for feeding bottles in these nations.

Increased customer confidence in online payments, 24/7 customer assistance, simple refunding rules, and lower costs are some of the important aspects that encourage online sales of baby products. Credit cards, e-wallets, COD (cash-on-delivery), Internet banking, and cash-on-order are among the payment alternatives offered by online shops. Companies are also attempting to increase their market share by providing safe payment channels and increasing client trust. In addition, although retail had a difficult year in 2020 overall, according to eMarketer, several national markets enjoyed double-digit e-commerce growth in 2021. For example, in 2021, e-commerce sales in Russia, the United Kingdom, and the Philippines increased by more than 20%.

Severe recessions and public health emergencies have historically been associated with reduced birth rates, according to a Brookings Institution report released in 2021. As a result, the COVID-19 pandemic, which included both of these traits, had the potential to result in a massive baby bust. The highest birth declines were in Hungary, Italy, Spain, and Portugal, according to studies published in the Proceedings of the National Academy of Sciences USA in August 2021, with drops of 8.5%, 9.1%, 8.4%, and 6.6%, respectively.

Related Press Release@ Baby Bottle Market Report

Baby Bottle Market Report Highlights

The Asia Pacific is expected to grow at a significantly fast CAGR during the forecast period from 2022 to 2030. Over the past few years, the consumption of infant formula has increased remarkably especially in the Asia Pacific. China is the largest market for infant formula. This, in turn, has increased the adoption of baby bottles in the country
The plastic segment is projected to register a CAGR of 5.5% from 2022 to 2030. PP-based bottles are the most common type of plastic feeding bottles owing to their durability and flexibility. Moreover, companies are developing sustainable and less harmful plastic baby bottles, for instance, Artsana USA, Inc.'s ChiccoDUO baby bottle, which was launched in April 2021, is made with an advanced patented technology used in medical and pharmaceutical products
Due to the rising familiarity and dependence of Gen X, millennials, and Gen Z with the internet and e-commerce, the online distribution channel is predicted to contribute 19.7% of market revenue by 2030. Several value-added services supplied by e-retailers, such as discounted prices, cash-on-delivery, and paybacks, are predicted to encourage the expansion of online channels during the forecast period

Kosher Beef Market Size Worth $100.85 Billion By 2030

The global Kosher Beef Market size is expected to reach USD 100.85 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.4% from 2022 to 2030. The growing preference for kosher beef in the key countries such as the U.S., France, and Israel, which has the highest Jewish population and accounts for over 86.8% of the global Jewish population, is driving the market. In 2021, approximately 74.2% of Israel’s population was Jewish, making it a key market for kosher beef.

Consumer perceptions of the kosher beef business, in particular, have improved in recent years. According to a report published by the National Cattlemen's Beef Association in February 2021, the percentage of customers who claim to eat beef at least weekly grew from 67% to 72% from January to September 2020, compared to the same period in 2019. Furthermore, the number of individuals who have a favorable opinion of kosher beef has risen, with favorable opinions exceeding 70% for the first time.

The brisket cuts segment is expected to emerge as the fastest-growing segment over the forecast period. The demand for brisket continues to be strong, particularly owing to the increased popularity of barbecuing as brisket is one of the most flavorful cuts of beef. It is used to make corned beef, pastrami, and pot roast and can be slow-cooked in a barbeque or a smoker. The rising popularity of grass-fed brisket is one of the trends positively influencing the market for briskets.

The Asia Pacific region dominated the market in 2021. The key beef markets in Asia Pacific are China, India, Pakistan, Japan, and Australia. China is one of the world’s largest markets for beef as the country is witnessing a significant rise in consumption, driven by increasing disposable incomes, coupled with growing urbanization, which is expected to be a key catalyst for market growth in the region over the coming years. Major players in the global market include a combination of a few established players and many startups.

Related Press Release@ Kosher Beef Market Report

Kosher Beef Market Report Highlights

Asia Pacific held the largest revenue share in 2021. The growing market in China, South Korea, Japan, and India is one of the major factors propelling the regional market growth
The brisket cuts segment is projected to register the fastest growth rate during the forecast period. The growing preference for clean labeled products and increasing demand for protein-rich food products are boosting the growth of the segment
The online distribution channel is predicted to emerge as the fastest-growing segment during the forecast period