A Market Place Research – Page 1256

Luxury Footwear Market is Expected to Rise $39,987.4 Million by 2030, Formal Footwear Segment At a CAGR of 4.9%

According to a new report published by Allied Market Research, titled, “Luxury Footwear Market by Product, End Use, and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021–2030”. The global luxury footwear market was valued at $25,549.3 million in 2020, and is projected to reach $39,987.4 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.

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Luxury footwear are the footwear which are quite expensive as compared to normal footwear. It is because this kind of footwear can be customized according to customer’s need and demand. Thus, the luxury shoe is gaining traction in the market. The footwear aid in covering and protecting the foot from ground textures, temperatures, and gravel roads. Footwear are made up of different materials such as leather, plastic, rubber, and fabric. Leather is one of the prominent materials used for the first version of a footwear. Companies such as Nike are using eco-friendly raw materials such as recycled car tires, recycled carpet padding, organic cotton, and vegetable-dyed leathers for manufacturing footwear products.

The rise in number of working professionals has increased the overall demand for formal footwear and casual footwear. Rise in demand among children for a wide variety of footwear, augments the growth of the global market. In addition, increase in number of working professionals paired along with rise in fashion consciousness and need to look stylish & trendy fueled the overall growth of the luxury footwear market.

However, high prices and rise in popularity of footwear brands such as Nike, Adidas, and Puma have led to the advent of counterfeit brands. Counterfeit brands are usually available in developing economies where customers are highly price-sensitive. This factor hampers the sale of the existing original footwear brands in these economies.

Furthermore, the online sales market is expected to expand in the near future due to rapid growth in online and mobile user customer bases in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and the facility to enter in new international markets for major brands further augment the growth of the luxury footwear market.

These major players have adopted various strategies to expand their market reach globally. The strategies such as product launch, business expansion, and partnership are adopted by market players. The prominent luxury footwear industry players include LVMH, Furla SpA, Longchamp, Luxottica Group, Mulberry Group, Vera Bradley, Guccio Gucci S.p.A., Samsonite International S.A./Tumi brand, Valentino S.p.A., and ZV France SAS.

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Key findings of the study:

• The global luxury footwear market was valued at $25,549.3 million in 2020, and is projected to reach $39,987.4 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.
• By product, the formal footwear segment was the highest contributor to the market, with $14,325.3 million in 2020, and is estimated to reach $22,868.0 million by 2030, at a CAGR of 4.9% during the forecast period.
• By end use, the women segment was the highest contributor to the market, with $12,376.7 million in 2020, and is estimated to reach $18,288.5 million by 2030, at a CAGR of 4.1% during the forecast period.
• By distribution channel, the specialty stores segment was the highest contributor to the market, with $13,840.2 million in 2020, and is estimated to reach $20,261.5 million by 2030, at a CAGR of 4.0% during the forecast period.
• By region, Europe was the highest revenue contributor, accounting for $8,942.5 million in 2020, and is estimated to reach $12,796.8 million by 2030, with a CAGR of 3.8%.

Reasons to Buy This Luxury Footwear Market Report:

○ Mergers and acquisitions should be well-planned by identifying the best manufacturer.
○ Sort new clients or possible partners into the demographic you’re looking for.
○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

Related Reports:

○ Personal Luxury Goods Market to Witness a Pronounce Growth During 2020-2025
○ Luxury Apparels Market is projected to reach $278,181.5 million by 2031
○ Luxury Jewelry Market is projected to reach $40.19 billion by 2031
○ Luxury Cosmetics Market is expected to garner $81,247.6 million by 2026

Source: https://www.globenewswire.com/fr/news-release/2021/11/01/2324573/0/en/Global-Luxury-Footwear-Market-Is-Expected-to-Reach-39-98-Billion-by-2030-Says-AMR.html

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Blockchain in BFSI Market – Present Scenario and Growth Prospects 2026

According to the report, the global blockchain in BFSI market garnered $277.1 million in 2018, and is estimated to reach $22.46 billion by 2026, growing at a CAGR of 73.8% from 2019 to 2026.

The report also provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and wavering market trends.

The rise in need for transactions transparency & accountability, greater adoption of cross-border payments and surge in investment by banks in blockchain-based solutions fuel the growth of the global blockchain in BFSI market. On the other hand, the lack of a skilled workforce restrains growth to some extent.

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However, increase in demand from developing economies and growth in demand for increased scalability, transaction speed and reduction in processing costs are expected to create a number of opportunities in the near future.

Some of the key blockchain in BFSI industry players profiled in the report include Alphapoint, Auxesis Group, Amazon Web Services, Inc. (AWS), Bitfury Group Limited., Hewlett Packard Enterprise Development LP (HPE), International Business Machines Corporation (IBM), Infosys Limited, Microsoft Corporation, Oracle Corporation, and SAP SE.

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Based on component, the platform segment accounted for nearly three-fourths of the global blockchain in BFSI market share in 2018 and is expected to dominate throughout the forecast period. This is attributed to its quality to create new products and services which helps in generating new revenue opportunities for organizations.

The services segment, on the other hand, is projected to grow at the fastest CAGR of 76.1% during 2019–2026. Rise in need to deploy and integrate blockchain platform and solutions in BFSI ecosystem are the major factors accelerating the market growth.

Based on application, the small contracts segment held the major share in 2018, contributing to nearly two-fifths of the global blockchain in BFSI market. Increase in demand from enterprises to fill the analog gap between contracts is fueling the growth of the segment. The compliance management segment, on the other hand, is anticipated to cite the fastest CAGR of 78.7% till 2026.

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The ability of compliance management to provide immutable records for regulators has worked as the major factor driving the growth of the segment.

Based on geography, North America contributed to nearly half of the global blockchain in BFSI market revenue in 2018 and is expected to retain its dominance by 2026. The presence of major market players and growing concerns for forgery in the region has propelled the adoption of blockchain.

Simultaneously, the Asia-Pacific region would showcase the fastest CAGR of 79.3% during the estimated period. This is due to increase in collaborations, merger, and acquisitions activities among BFSI and IT organizations in this province.

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Key Findings of The Study

In terms of end user, the banking segment generated the highest revenue for blockchain in BFSI market share in 2018 and is expected to dominate throughout the forecast period. Increase in need to streamline the banking processes with distributed ledger technology is the major factor that fuels the growth of this segment.
On the basis of organization size, the large enterprises segment dominated the overall blockchain in BFSI market in 2018 and it is expected to remain dominant throughout the forecast period.
On the contrary, small & medium size enterprise segment is expected to exhibit highest growth throughout the forecast period. The growth in investment by start-ups to develop blockchain-based solutions is the key factor boosting the blockchain in BFSI market growth of this segment.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Mosquito Repellent Industry Drivers Shaping Future Growth, Revenue $6.0 Billion by 2030 – S. C. Johnson & Son, Sawyer Products, Himalaya Herbals, Dabur International

According to a new report published by Allied Market Research, titled, “Mosquito Repellent Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global mosquito repellent market size was valued at $4.1 billion in 2020, and is projected to reach $6.0 Billion by 2027, registering a CAGR of 5.6% from 2020 to 2027.In recent years, the demand for mosquito repellents has increased due to rise in incidences of mosquito borne diseases, such as zika virus, malaria, dengue, west Nile fever, and others in countries such as Europe, Asia, and North America.

Global Key Players:

S. C. Johnson & Son
Spectrum Brands Holdings
Sawyer Products
Coghlan’s Ltd.
Dabur International Ltd
Godrej Consumer Products Limited
Himalaya Herbals
Johnson & Johnson Services
Jyothy Laboratories Ltd.
Reckitt Benckiser Group

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The impact of mosquito borne diseases is expected to increase in the coming years, owing to increase in population of mosquitoes and transmission of virus from pregnant ladies to their children. Various key market players coupled with NGOs and local governments have participated to improve the level of awareness among people residing in urban and rural areas against different mosquito borne diseases. This is expected to drive the mosquito repellent market growth globally.

There is a considerable increase in awareness of mosquito borne disease, which boosts the demand for mosquito repellents. In addition, rise in global temperature provides favorable conditions for the breeding of mosquito, thus, leads to increase in penetration of mosquito repellents in the global market. Furthermore, the development of natural herb-based mosquito repellents has reduced various side effects of the repellents on human health such as skin rashes, breathing problems, and other health hazards. Nowadays, consumers in the developed regions have started using neem-baseds prays, creams,& oils, citronella oil, birch tree bark, and other plant-based ingredients. The change in the consumer preferences toward herb-based mosquito repellents is expected to garner the growth of the mosquito repellent market during the forecast period.

The key market players have consistently engaged themselves into implementing effective marketing strategies aimed toward promoting sales of various mosquito repellents. Companies have regularly involved into spreading awareness among the people through various awareness campaigns and free sample distribution. A few companies such as Godrej targeted mothers to promote their sales of “Good Knight” brand through advertising and creating a sense of fear in their minds against their children getting infected with mosquito borne disease. This has resulted into an increased sale of various products across the world to prevent from mosquito bites. The impact of these innovative marketing strategies would continue to propel the demand of mosquito repellents in the future. However, presence of toxic chemicals, such as DEET, in various mosquito repellent products cause ill effects on health, which are likely to restrain the growth of mosquito repellent market.

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Key Findings Of The Study:

Quantitative analysis of the market segments, current mosquito repellent market trends, estimations, and dynamics of the mosquito repellent market analysis from 2019 to 2027 to identify the prevailing market opportunities.
Based on type, the spray segment dominates the global mosquito repellent market in 2019 and is expected to retain its dominance throughout the forecast period.
By distribution channel, the online segment was the major shareholder in 2019, and is projected to register a CAGR of 6.2% from 2020 to 2027.
Region wise, Asia-Pacific accounted for around 48.8% mosquito repellentmarket share in 2019, and is expected to grow at a CAGR of 6.5%.

Similar Reports:

Sanitary Ware Market

Flower Pots and Planters Market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
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help@alliedmarketresearch.com
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Apple cider vinegar Market is Projected to Register a Healthy CAGR of 8.1% in the Forecast to 2030

According to a new report published by Allied Market Research, titled, “Apple cider vinegar market by product type, application: global opportunity analysis and industry forecast, 2021–2030,” The global apple cider vinegar market size was valued at $838.9 million in 2020, and is projected to reach $1,819.4 million by 2030, registering a CAGR of 8.1% from 2021 to 2030. Apple cider vinegar is a type of fermented vinegar which is prepared by using apples. From the past few years, there has been rise in the demand for apple cider vinegar majorly among the health conscious consumers. This is attributable to its benefit of helping in weight loss, immunity boosting power and others. This in turn is driving the growth of the apple cider vinegar market in terms of value sales.

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Apple cider vinegar has anti-inflammatory properties and consists of alpha hydroxyl acid and acetic acid. Thus, it can absorb excess oil from the skin, unplugged the blocked pores, helps in restoring the PH level of the skin and others. This in turn has increases its use in cosmetics products by the manufacturers. Thereby, driving the demand for apple cider vinegar from various industries contributing in driving the apple cider vinegar market growth in terms of value sales.

The outbreak of coronavirus has positively impacted the apple cider vinegar industry along with all stages of supply chain and value chain. During this COVID-19 outbreak, consumers were more concerned about their overall health & wellness. This is attributed to the fact that they acknowledged that COVID-19 is impacting their mental & physical well-being which in turn has driven the demand for apple cider vinegar globally.

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The global Apple cider vinegar market is segmented are categorized into nature, form, distribution channel and region. By nature, it is classified into organic and conventional. By form the market is categorized into liquid and others. By distribution channel, it is divided supermarket/hypermarket, specialty store, online store and others. Region wise, the apple cider vinegar market is analyzed across North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).

Key findings of the study

By nature, the conventional segment accounted for the highest share in 2020, growing at a CAGR of xx% from 2021 to 2030.
By form, the commercial segment accounted for the highest Apple cider vinegar market in 2020, growing at a CAGR of xx% from 2021 to 2030.
By distribution channel, the supermarket/hypermarket segment accounted for the highest Apple cider vinegar market share in 2020, growing at a CAGR of xx% from 2021 to 2030.
By region, North America occupied the maximum share in the market in 2020 and is expected to be the dominating segment during the Apple cider vinegar market forecast period.

Companies can operate their business in highly competitive market by launching new products or updated versions of existing products. Agreement with key stakeholders is expected to be a key strategy to sustain in the market. In the recent past, many leading players opted for product launch strategies to strengthen their foothold in the market. To understand the key apple cider vinegar market trends, strategies of leading players are analyzed in the report. Some of the key players in the apple cider vinegar market analysis includes Aspall, Pepsico Inc., Barnes Natural Pty Ltd, The Kraft Heinz Company, Carl Kühne KG (GmbH & Co.), Molson Coors Beverage Company, Stonewall Kitchen, White House Foods, Lost Coast Food Co. Ltd, Swander Pace Capital, Manzana Products Co. Inc., Pompeian Inc.

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Reasons to Buy this Apple cider vinegar Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

Related Reports:

Arugula Microgreen Market

Human Milk Oligosaccharides Market

Insect Feed Market

Royal Jelly Market

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Middle East Fragrances Market Size Growing At a CAGR of 7.4% to 2027, Current Trends and Growth Drivers Along with Key Industry Players

According to a new report published by Allied Market Research, titled, “Middle East Fragrances Market by Demographics (Men, Women, and Unisex) and Country (Kingdom of Saudi Arabia, United Arab Emirates, Jordan, Iraq and Rest of Middle East): Opportunity Analysis and Industry Forecast, 2020-2027″.

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The Middle East fragrances market size was valued at $2,852.9 million in 2019, and is projected to reach $4,414.1 million by 2027, registering a CAGR of 7.4% from 2020 to 2027. Over the past couple of years, the traditional mass market fragrance business has witnessed a decline in its sales since the target customers seek for fragrance brands that are more upmarket. This has triggered demand for various perfumes in the Middle East.

Availability of premium products in the market has become necessity in recent years. This is attributed to the fact that these products minimize the gap between the price range of luxury and ordinary quality for middle-income group consumers. As a result, premiumization plays a key role in the overall growth of Middle East fragrance market. Presently, customers seek for superior quality while using consumer goods, including perfumes irrespective of their high-end price tags. This results in increase in demand for premium brand perfumes.

Beauty bloggers and social media influencers are creating new growth avenues for the market. Moreover, increase in advertisement along with product knowledge on social media sites such as Facebook, YouTube, Instagram, and Twitter has increased the awareness regarding perfume products, especially among millennial and generation X consumers of Middle East. In addition, large number of local YouTubers are now hosting popular channels to demonstrate product reviews and tutorials, which, in turn, drive the Middle East fragrances market growth.

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The Middle East fragrances industry is studied on the basis of demographic and country. Depending on demographic, the market is categorized into male, female and unisex. By country, it is segregated into Kingdom of Saudi Arabia, United Arab Emirates, Jordan, Iraq and Rest of Middle East.

Key Benefits For Stakeholders:

○ This report provides a quantitative analysis of the Middle East fragrances industry segments, current trends, estimations, and dynamics of the market from 2019 to 2027 to identify the prevailing the Middle East fragrances market opportunities.
○ The market report provides information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
○ In-depth analysis of the Middle East fragrances market segmentation assists to determine the prevailing opportunities.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the Middle East fragrances market trends, key players, market segments, application areas, and market growth strategies.

Reason to Buy:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Middle East fragrances market.
○ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
○ The key findings and recommendations highlight crucial progressive industry trends in the Middle East fragrances Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
○ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
○ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
○ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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Related Reports:

○ Fragrance and Perfume Market Will Show An Increase Of By 2027, Report
○ Luxury Cosmetics Market is Expected to Garner $81,247.6 Million by 2026
○ Personal Luxury Goods Market to Witness a Pronounce Growth During 2020-2025

Source: https://www.alliedmarketresearch.com/press-release/middle-east-fragrances-market.html

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Philippines Skin Care Products is projected reach $2,018.6 million by 2027, registering a CAGR of 7.3% from 2021 to 2027

According to a new report published by Allied Market Research, titled, “Philippines Skin Care Products Market by Product Type, Demographics, Age Group, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” The Philippines skin care products market size was valued at $1,205.6 million in 2017, and is projected reach $2,018.6 million by 2027, registering a CAGR of 7.3% from 2021 to 2027.

Skin care products are witnessing an increased adoption in recent years, owing to rise in young demography, incremental disposable income, and increase in consciousness of personal well-being and desire to develop & maintain strong identity and self-image. In addition, surge in awareness amongst Filipinos regarding physical appearance and rise in demand for personalized products & services have boosted the growth of the skin care products market in Philippines. Moreover, various multinational brands such as L’oréal S.A. and Beiersdorf AG have entered into the Philippines market, and are focusing on increasing their customer base through their respective pricing strategies and by providing high-quality products to consumers.

Upsurge in demand for herbal and natural skin care products is anticipated to boost the growth of the Philippines skin care products market in the upcoming years. Moreover, support from government to cosmetic enterprises for local expansion is expected to boost the Philippines skin care products market opportunities during the forecast.

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Furthermore, male skin care products are being increasingly adopted among urban men in the Philippines, as they believe that male skin care products can effectively develop their appearance, which, in turn, will lead to improved social and work life. Moreover, male consumers majorly belong to millennial and generation X, from middle-upper classes where the penetration of smartphones and internet is higher.

Furthermore, improvement in lifestyle and rise in fashion consciousness among men in the Philippines have significantly contributed toward the growth of the Philippines skin care products market trends.

Beauty bloggers and social media influencers are creating new growth avenues for the market. Moreover, increase in advertisements along with product knowledge on social media sites such as Facebook, YouTube, Instagram, and Twitter has increased the awareness regarding skin care products, especially among millennial and generation X consumers of the Philippines. In addition, a number of local YouTubers are now hosting popular channels to demonstrate product reviews and tutorials, which, in turn, drives the growth of the market.

For the purpose of analysis, the Philippines skin care products market is studied on the basis of product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into cream, lotion, and others. By demographic, it is bifurcated into male and female. According to age group, it is segregated into generation X, millennial, and generation Z. As per sales channel, it is classified into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharmacies & drug stores, and online sales channel.

The Philippines skin care products industry remains highly competitive with the presence of established brands such as Procter & Gamble, The Estée Lauder Companies Inc., Johnson & Johnson Services, Inc.,
Emami Limited,Kao Corporation, Unilever Plc., L’oréal S.A., and Beiersdorf AG. However, new players are constantly emerging in the highly competitive market, particularly those with a focus on clean label, natural ingredients products.

The key players operating in the Philippines skin care products market analysis includes Procter & Gamble, Patanjali Ayurved Limited, The Estée Lauder Companies Inc., Emami Limited, Johnson & Johnson Services, Inc., the Himalaya Drug Company, Dabur, Kao Corporation, Unilever Plc., L’oréal S.A., and Beiersdorf AG.

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Key Findings Of The Study

Depending on product type, the cream segment dominated the market in 2017, and is expected to retain its dominance throughout the forecast period.
By demographics, the female segment accounted for highest share in the Philippines skin care products market growth in 2017, and is projected to grow at a CAGR of 6.8% from 2021 to 2027.
On the basis of age group, the generation X segment led the market demand in 2017, and is expected to retain its dominance throughout the forecast period.
As per sales channel, the supermarket/hypermarket segment led the Philippines skin care products market share in 2017 and is projected to register a CAGR of 6.0% from 2021 to 2027.

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Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Managed Security Services Market | Know the Prominent Factors That Will Help in Reshaping the Market Growth

An increase in cybercrime activities, cost-effectiveness, the trend of mobile devices at workplaces, the rise in electronic data, and stringent government regulations fuel the growth of the global managed security services market. However, hesitation to share sensitive data restricts the market growth.

Moreover, a rise in awareness about data security, an increase in the importance of e-business, and a surge in demand for customized services are expected to offer remunerative opportunities for the expansion of the market during the forecast period.

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Based on industry verticals, the BFSI segment held the highest market share in 2020, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the manufacturing segment is estimated to register the highest CAGR of 15.3% from 2021 to 2030.

Based on deployment mode, the on-premise segment held the largest market share in 2020, holding around two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. However, the cloud segment is projected to register the highest CAGR of 16.6% from 2021 to 2030.

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Based on region, North America contributed to the highest share in terms of revenue in 2020, holding nearly two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, Asia-Pacific is projected to manifest the fastest CAGR of 15.6% during the forecast period.

Leading players of the global managed security services industry analyzed in the research include AT&T Intellectual Property, BT Group, Broadcom, Cisco System Inc., Check Point Software Technologies Ltd., DXC Technology Company, SecureWorks Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, and IBM Corporation.

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COVID-19 scenario:

The outbreak of COVID-19 is anticipated to have a positive impact on the growth of managed security services market. This is attributed to the fact that the use of managed security services is expected to enable enterprises to address security issues and facilitate secured information access while remote working during the COVID-19 pandemic.
In addition, owing to the increase in internet traffic, the threat of cyberattacks grew significantly in numerous enterprises, necessitating the implementation of managed security services. This has fueled the market growth.

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Artificial Marble Market Brief Analysis and Application, Growth By 2030

Allied Market Research recently published a report titled, “Artificial Marble Market – Global Opportunity Analysis and Industry Forecast, 2020-2030”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

Browse Full Market Report (Including Full TOC, Table & Figures, etc.) @ https://www.alliedmarketresearch.com/artificial-marble-market

The report includes an overview of the market along with a SWOT analysis of key market players and Porter’s Five analysis to understand their market presence. Moreover, the report offers financial analysis, portfolio analysis, and business overview of the companies which helps stakeholders understand the long-term profitability of the industry. The report includes the latest market developments such as new product launches, partnerships, expansions, and mergers & acquisitions.

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The Artificial Marble market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

The report covers the qualitative and quantitative study of historic and forecast periods along with insights on recent market developments and business strategies. The report offers a detailed summary, ongoing market trends, and future estimations to help new market entrants formulate profitable business strategies.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestel analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global Artificial Marble market. In addition, the report includes Porter’s Five analysis to focus on those factors that may benefit the company in the long run.

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The global Artificial Marble market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Artificial Marble industry is studied on the basis of geography along with the competitive landscape in every region. The report targets North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The Artificial Marble market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global Artificial Marble market. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global Artificial Marble market.

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The Artificial Marble market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are Aristech Surfaces LLC, E. I. du Pont de Nemours and Company, Hanex Solid Surfaces, Krystal Stone Exports Ltd., Kuraray Co., Ltd, Leigei Stone Co Ltd., LG Hausys Ltd., Marmil SA, OWELL, and Lotte Advanced Materials. These market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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Styrenics Market to Garner $134.9 Billion, Globally, By 2030 at 5.9% CAGR, Says Allied Market Research

Allied Market Research published a report, titled, “Styrenics Market By Wattage (Low Power, Medium Power, and High Power), Spectrum (Narrow and Broad), Installation Type (New Installation and Retrofit), and Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf and Landscaping, Research, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global styrenics industry generated $76.6 billion in 2020, and is expected to garner $134.9 billion by 2030, witnessing a CAGR of 5.9% from 2021 to 2030.

Prime determinants of growth

Rising demand in the application of the wind energy, surge in application in automobile industry, and growth in demand for various plastic in consumer sector drive the growth of the global styrenics market. However, surge in environment and healthcare concerns hinder the market growth. On the other hand, rapid development of infrastructure in developing countries presents new opportunities in the coming years.

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Covid-19 Scenario

The styrenics market witnessed a negative impact of the covid-19 outbreak. The lockdown resulted in suspension of production facilities and disruptions in the supply chain.
Furthermore, declined demand from the end-using industries including automotive, construction, and consumer owing to closure during lockdown led to decreased sales of the market.
Nevertheless, the implementation of vaccination drives and relaxations of government regulations across the globe are assisting the market in reviving.

The polystyrene segment to maintain its lead position during the forecast period

Based on polymer type, the polystyrene segment contributed to the highest share in 2020, holding nearly one-third of the global styrenics market, and is estimated to maintain its lead position during the forecast period. The increase in demand for various disposable household products, electronic gadgets, and automobile has increased the demand for polystyrene market. However, the styrene butadiene rubber segment is estimated to register the highest CAGR of 6.5% from 2021 to 2030. The SBR has various applications in automobile industry as a pneumatic tire, in construction sector as a waterproofing, sealing and binding agent. It is also used as a binder in li-ion batteries.

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The automotive segment to maintain its dominant share during the forecast period

Based on application, the automotive segment held the highest share in terms of revenue in 2020, accounting for around one-third of the global styrenics market, and is projected to maintain its dominant share during the forecast period. This is attributed to the increase in demand of various transport vehicles especially in personal vehicle and industrial trucks, forklifts and other. However, the building and construction segment is projected to manifest the largest CAGR of 7.5% from 2021 to 2030, owing rapid growth in population and increase in demand for various constructional activities around the world.

Asia-Pacific, followed by North America, to grow at the fastest CAGR

Based on region, Asia-Pacific, followed by North America, is estimated to witness the fastest CAGR of 6.7% during the forecast period. In addition, the region has also accounted for the highest market share in 2020, contributing to nearly half of the global styrenics market, and is expected to maintain its leadership status by 2030. This is due to investments in developing variety of infrastructure such as transport, smart cities, and food storage in this region.

Leading Market Players

Royal DSM
Sabic
The Dow Chemical Company
Total SA
Repsol SA
Asahi Kasei Corporation
BASF SE
Bayer Material Science
ENI S.P.A
Ineos Group AG

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Sports Protective Equipment Market is expected to grow at a CAGR of 3.9% to attain a market size of $10,171 million by 2026

A new report published by Allied Market Research, titled, “Sports Protective Equipment Market by Product Type, Area of Protection, and Distribution Channel: Global Opportunity Analysis and Industry Forecasts, 2018–2026,” projects that the global sports protective equipment market was valued at $7,518 million in 2018 and estimated to reach $10,171 million by 2026. Sports protective equipment market trends are expected to be progressive over the next few years. LAMEA is expected to witness the highest growth rate, owing to the increase in popularity of sports such as baseball and basketball in Brazil.

Rise in participation in sports activities, growth in consumer spending on sports gear, increase in health consciousness among consumers, prominence of national & international sports events foster the growth of sports protective equipment industry. However, availability of cheap and counterfeit products restrains the market growth. Increase in penetration of online retail is expected to offer lucrative opportunities for growth.

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The sports protective equipment market is segmented by product type into helmets & other headgear, protective eyewear, face protection & mouth guards, and pads, guards, and chest protectors & gloves. Among these, product segment comprising pads, guards, chest protectors & gloves accounted for the largest sports equipment market size, by value, owing to the extensive penetration of these equipment in diverse sports such as ice hockey, football, cricket, baseball, and other sports. Protective eyewear product segment follows pads, guards, chest protectors, & gloves segment, in terms of the sports protective equipment market size, owing to its rapid adoption among recreational users and other sports enthusiasts as a fashion trend.

The global sports protective equipment market is categorized based on the area of protection into head & face protective equipment, trunk & thorax protective equipment, upper extremity protective equipment, and lower extremity protective equipment. The head & face segment accounted for over half of the total market sports equipment market size in 2018, fueling the market growth. Upper and lower extremity protective equipment are expected to witness higher growth rates during the forecast period on account of the rapid adoption of knee and elbow braces as a preventive measure in sports.

The sports protective equipment gear is distributed through diverse channels, namely, specialty retail stores, multi-retail stores, and online stores & others. Specialty retail stores generated the highest revenue in 2018, since it is a traditional channel for the purchase of sports products, and is expected to grow at a CAGR of 3.5%. Online retail stores & others is expected to witness relatively higher growth owing to the extensive penetration of smartphones and tablets, and the increased convenience offered by this channel to choose from a variety of products.

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North America accounted for over 35% of the sports protective equipment market share, and is anticipated to maintain its dominance throughout the forecast period. Sports protective equipment market analysis has been provided for all the four regions covered in the report. Countries analyzed under the North American geographical segment are the U.S., Canada, and Mexico. Under Europe, market size and forecast are provided for UK, Germany, France Italy, and rest of Europe.

Prevalence of sports culture and high per capita income has led to higher adoption of sports protective equipment in North America and Western Europe. Countries covered in Asia-Pacific include Japan, China, Australia, India, and rest of Asia-Pacific. Japan, China, and Australia are the leading markets for sports protective equipment in the region. LAMEA includes Brazil, Middle-East, and rest of LAMEA.

Key Findings of the Sports Protective Equipment Market:

North America generated the highest revenue in 2018.
LAMEA is anticipated to witness the highest growth from 2019 to 2026.
Product segment comprising Pads, guards, chest protectors, & gloves is expected to maintain its dominance throughout the analysis period.
Specialty retail stores generated over 50% of the overall market sales in 2018.
In terms of market by area of protection, head & face protective equipment is projected be the leading segment over the forecast period.
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Leading players profiled in the report include Adidas Ag, Nike Inc., Under Armour Inc., Puma SE, Amer Sports Corporation, Asics Corporation, Vista Outdoor, BRG Sports, Xenith, and Shock Doctor (Bregal Partners).

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