A Market Place Research – Page 1421

Vegan Cosmetics Market Size, Top Key Players, Latest Trends, Regional Insights, and Global Industry Dynamics By 2021-2031

Rise in vegan population, increase in disposable income, and mandatory vegan certification to ensure the authenticity of the vegan cosmetic products are major drivers of the global vegan cosmetics market.

According to a new report published by Allied Market Research, titled, “Vegan Cosmetics Market,” The vegan cosmetics market size was valued at $16.6 billion in 2021, and is estimated to reach $28.5 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031. Vegan cosmetics are made up of chemical compounds taken from natural or synthetic sources that do not contain any animal-derived ingredients. Ingredients produced from animals include honey, beeswax, lanolin, collagen, albumen, carmine, cholesterol, gelatin, and many others. Vegan cosmetics are also devoid of animal cruelty and testing. Vegan cosmetics are meant for personal care, skincare, face care, and hair care and are used to cleanse or protect the body or hair. Vegan cosmetics are used to enhance or modify a person’s appearance (makeup) by hiding imperfections, accentuating natural features (such as brows and eyelashes), adding radiance to the face, or completely redefining the look.

Globally, consciousness regarding enhancement of the overall personality has increased significantly among individuals. An increase in disposable income has enabled individuals to spend more on vegan cosmetics products than they had in the past. Therefore, personal care products have witnessed significant demand globally. Even now, owing to the lack of awareness regarding health risks associated with synthetic/chemical-based cosmetics products, the demand for organic cosmetics products was limited. Most consumers are inclined toward organic and vegan cosmetics to reduce the health risk associated with synthetic personal care. Organic personal care and cosmetics are made from plant extract and natural ingredients and contain a minimal/low amount of synthetic ingredients. Thus, it does not show any adverse impact on the human body. Organic and vegan cosmetic products are perceived to be safer than chemical skincare products therefore the vegan cosmetics market opportunities for growth are expected to be rising.

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The global vegan cosmetics market is expanding due to an increase in the vegan and vegetarian population, expansion of the vegan cosmetics business, and an increase in conformity with People for the Ethical Treatment of Animals (PETA) cruelty-free accreditation. Furthermore, the entry of international firms presents the global vegan cosmetics market opportunity for development. With the growing vegan population, global firms such as L’Oreal, Unilever, P&G, and others are believed to have prospects to enter the vegan cosmetics sector to meet the growing demand for vegan beauty goods. However, the high prices associated with these cosmetics, as well as the absence of common rules for vegan certification, are projected to stymie the vegan cosmetics market growth.

The demand for vegan color cosmetics is expected to grow at the fastest rate during the vegan cosmetics market forecast period, owing to the growing vegan and vegetarian population’s purchasing power and the desire of young vegan women to associate their interest in fashion and makeup with products made without animal by-products. These aspects generate the profitable potential for multinational companies in the global vegan cosmetics market. Increased interest in fashion and beauty trends among young people in countries such as Germany, France, the United Kingdom, Australia, and others has spurred vegan cosmetics market demand, which will propel the worldwide vegan cosmetics business.

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The vegan cosmetics market is segmented into product type, price point, gender, end user, sales channel, and region. On the basis of product type, the market is categorized into skincare, cosmetics, hair care, and others. On the basis of price point, it is divided into premium and economic. On the basis of gender, the market is segmented into women, men, and children. On the basis of end user, the market is divided into personal and commercial. On the basis of sales channel, the market is divided into hypermarkets/supermarkets, specialty stores, online channels, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, South Africa, and rest of LAMEA).

KEY FINDINGS OF THE STUDY
•   On the basis of product type, the skincare segment is projected to witness the highest CAGR of 5.2%, in revenue terms, during the forecast period.
•   According to vegan cosmetics market analysis, on the basis of price point, the economic segment is expected to grow at a significant CAGR during the forecast period.
•   On the basis of gender, the women segment is expected to grow at a significant CAGR during the forecast period.
•   According to vegan cosmetics market trends, on the basis of end user, the commercial segment is projected to witness the highest CAGR of 6.5%, in revenue terms, during the forecast period.
•   On the basis of sales channel, the online channels segment is expected to grow at a significant CAGR during the forecast period.
•   On the basis of region, the U.S. was the largest country, in terms of revenue generation for vegan cosmetics industry in 2021.
•   On the basis of region, Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 7.7% from 2022 to 2031.

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The players operating in the global vegan cosmetics market have adopted various developmental strategies to expand their vegan cosmetics market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Amway Corporation, Estee Lauder Companies Inc., Groupe Rocher, L’Occitane Group, L’Oréal S.A., LVMH Group, MuLondon, Pacifica Beauty, Unilever, and Weleda.

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Smoking Accessories Market New Product Launches and Expansion Strategies to Lead to Growth

The smoking accessories market is expected to witness significant growth, owing to increase in attraction of youth toward smoking. Moreover, water pipes have become centerpieces of cafés and restaurants, especially in countries such as South Africa, China, India, and the U.S. Rise in income levels and urbanization is also a key driver for growth of the smoking accessories market. Furthermore, increase in aggressive advertisements and promotions through social media platforms by manufacturers plays a crucial role in growth of the smoking accessories market.

According to a new report published by Allied Market Research, titled, “Smoking Accessories Market,” The smoking accessories market was valued at $3.1 billion in 2020, and is estimated to reach $6.3 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. Online retail platform is the major driver of the smoking accessories market. Presently, most smoking accessories manufacturing companies have their own web-based retail stores where users have access to information about product launches, product features, demo, price, and other required information about products. There is an increase in number of consumers shopping online, owing to availability of different product options and price comparison on online shopping sites. This is useful for retailers, owing to zero expenditure on physical outlets. Furthermore, there is a rise in preference for online shopping as consumers can read reviews provided by other consumers, compare various stores & products, and verify product price by different sellers. Thus, rise in adoption of online sales channels drives growth of the smoking accessories market.

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The market in Asia-Pacific and LAMEA offers lucrative growth opportunities for operating players. Increase in adoption of western lifestyle and rise in disposable income of consumers majorly drive growth of the market. Moreover, increase in attraction of young people toward smoking to look cool in the society has further increased sales of smoking accessories which is becoming the latest smoking accessories market trends in developing region. Asia-Pacific offers potential growth opportunities to the market players for launching innovative smoking accessories. Moreover, countries in Latin America, such as Brazil, are expected to unfold attractive business opportunities, owing to high consumption of tobacco products. However, nicotine replacement therapy is a medically approved method of obtaining nicotine, except through tobacco use. It is used to aid in quitting cigarette smoking or chewing tobacco. Nicotine replacement therapies can significantly reduce cravings, thereby breaking the mental addiction to tobacco-based products. Growing public awareness regarding high success rate of nicotine replacement therapies, such as patches, lozenges, gums, and other products restrict the smoking accessories market growth.

The outbreak of the COVID-19 pandemic created several challenges for exporters in developing and developed countries. Implementation of lockdown and curfew practices globally affected domestic as well as international production of smoking accessories, which, in turn, hampered growth of the overall market. Thus, the outbreak of COVID-19 negatively impacted the smoking accessories market in 2020, as sales of companies reduced and operations were halted.

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The smoking accessories market is segmented on the basis of product type, age group, distribution channel, and region. Based on product type, the smoking accessories market is bifurcated into grinder, water pipes, rolling paper, vaporizers, and others. On the basis of age group, it is divided into below 18 years, 18 to 30 years, 30 to 50 years, and above 50 years. On the basis of distribution channel, it is categorized into online and offline. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

KEY FINDINGS OF THE STUDY

By product type, the water pipes segment constituted a major smoking accessories market share in 2020; however, the grinder segment is projected to experience growth at the highest CAGR during the smoking accessories market forecast period.
On the basis of age group, the 18 to 30 years segment led, in terms of the market share, and is expected to continue to grow with robust CAGR during the forecast period.
On the basis of distribution channel, offline segment held the major share in the market in 2020, and is projected to remain dominant during the forecast period.
By region, Asia-Pacific accounted for the highest market share in 2020, and is expected to grow at a significant CAGR during the forecast period. Increase in use of smoking accessories among young population has driven growth of the smoking accessories market in the region.

Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the smoking accessories industry includes BBK Tobacco & Foods, LLP, British American Tobacco PLC, Bull Brand, Chongz, Curved Papers, Inc., Imperial Brands, Jinlin (HK) Smoking Accessories Co., Ltd., Moondust Paper Pvt. Ltd., Republic Technologies International, and Univac Furncrafts Pvt. Ltd.

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Reason to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Smoking Accessories 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 Smoking Accessories 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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Corporate Training Market Top Player Positioning, Key Segment Analysis, and Driving Forces

Allied Market Research published a report, titled, “Corporate Training Market by Training Program (Technical Training, Soft Skills, Quality Training, Compliance, Others Training Program), by Industries (Retail, Pharmaceutical And Healthcare, Financial Services, Professional Services, Public Enterprises, Information Technology, Others Industries), : Global Opportunity Analysis and Industry Forecast, 2019-2030″. According to the report, the global corporate training industry generated $332.9 billion in 2020, and is anticipated to generate $487.3 billion by 2031, witnessing a CAGR of 8.0% from 2022 to 2031.

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Prime determinants of growth

The increased penetration of the digital platforms supported by the rising penetration of internet, surge in adoption of smart devices, developing information technology and telecommunications platforms, and rapid emergence of virtual corporate training platforms drive the growth of the global corporate training market. Benefits associated with the virtual training method such as decreasing the training cost by mitigating the trainees’ travel & lodging expenses, flexibility for training schedule, and enhanced motivation of trainees and others are expected to provide lucrative opportunities for the growth of the market.

Based on training method, the face to face segment held the highest market share in 2020, accounting for more than two-thirds of the global corporate training market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, this segment is projected to manifest the highest CAGR of 13.9% from 2022 to 2031. It allows for relationship building between the employee and the trainer.This in turn, has driven the growth of the corporate training market in terms of value sales.

The Technical Training segment to maintain its lead position during the forecast period

Based on training program, the technical training segment accounted for the largest share in 2020, contributing to more than one-fourth of the global corporate training market, and is projected to maintain its lead position during the forecast period. It helps in acquiring the skills required to develop, design, implement, support, maintain, or operate technology or any related application, product, or service in different industries, which in turn, drives the segment. However, the soft skills segment is expected to portray the largest CAGR of 9.3% from 2022 to 2031. It is due to the fact that leadership & management, creative problem solving & design thinking, and communication are among the most important skills required in the workplace.

North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue 2020, accounting for nearly one-third of the global corporate training market. Factors such as the presence of key market players in the region and increase in focus of many MNCs and other large organizations on expanding their geographical presence along with good employment rate are anticipated to drive the market growth.Moreover, the LAMEA region is expected to witness the fastest CAGR of 9.3% from 2022 to 2031, owing to rise in internet and wearable devices penetration in countries such as South Africa in LAMEA.

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Leading Market Players: –

Business Training Library, Inc.
City and Guilds International Limited
Cornerstone OnDemand, Inc.
D Two L
Franklin Covey Co.
GP Strategies Corporation
Simplilearn Solutions
Skillsoft
Wilson Learning Worldwide, Inc.

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.

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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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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Do-It-Yourself (DIY) Home Improvement Retailing Market Share, Key Players, Top Segments, and Demand Analysis, 2030

DIY products reduce costs, which will be a major driver of growing demands for DIY home improvement products over next five years.

According to a new report published by Allied Market Research, titled, “Global Do-It-Yourself (DIY) Home Improvement Retailing Market Type, Distribution Channel, and Region: Global Opportunity Analysis and Industry Forecast, 2022-2030,” the global do-it-yourself (DIY) home improvement retailing market size was $848.2 billion in 2021, and global do-it-yourself (DIY) home improvement retailing market forecast is projected to reach $1278.0 billion by 2030, growing with an expected CAGR of 4.37% from 2022 to 2030.

According to a new report published by Allied Market Research, titled, “Do-It-Yourself (DIY) Home Improvement Retailing Market,” The do-it-yourself (diy) home improvement retailing market size was $848.20 billion in 2021, and is estimated to reach $1,278.00 billion by 2030, growing at a CAGR of 4.37% from 2022 to 2030.

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Because of our hectic lifestyles and work schedules, convenient and comfortable shopping has become extremely important. Many major competitors have launched their own online stores to provide low-cost pick-up and delivery services. This reduces the effort required by consumers to obtain DIY home improvement products by incurring additional costs. For example, since embracing e-commerce, Walmart’s online revenues increased by more than 20% to 25% in 2018. The ease of shopping and product delivery has increased the number of DIY products purchased online. Thus, the introduction of e-commerce, free pick-up, and delivery options will drive market growth during the forecast period.

Individuals’ interest in DIY interior design is changing as their lifestyles change. Furthermore, the increasing population of working women in developing countries, as well as their involvement in home decoration decision-making, is driving sales of the products required for such projects. DIY products reduce costs, which will be a major driver of growing demands for DIY home improvement products over next five years.

The global do-it-yourself (DIY) home improvement retailing market is segmented on the basis of type, distribution channel, and region. By type, market has been divided into building materials, décor & indoor garden, lighting, electrical work materials, tools & hardware, painting, wallpaper & supplies, plumbing materials & equipment, flooring repair & replacement materials, and outdoor. By distribution channel, the analysis has been divided into offline and online. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Travis Perkins, Kesko Corporation, Lowe’s Companies, Inc., Amazon.com, Inc., Walmart Inc., UBUY Inc., Toolstation, Home Depot Product Authority, LLC, Flipkart.com, UBYLD RETAIL PRIVATE LIMITED.

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The report focuses on the global do-it-yourself (DIY) home improvement retailing market trends, do-it-yourself (DIY) home improvement retailing market analysis, and global do-it-yourself (DIY) home improvement retailing market share and do-it-yourself (DIY) home improvement retailing market forecast. It further highlights numerous factors that influence the do-it-yourself (DIY) home improvement retailing market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on do-it-yourself (DIY) home improvement retailing market demand in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.

IMPACT OF COVID-19 ON THE GLOBAL DO-IT-YOURSELF (DIY) HOME IMPROVEMENT RETAILING MARKET

During the COVID-19 pandemic, the global do-it-yourself (DIY) home improvement retailing industry experienced significant growth. As the majority of people were under COVID-19 lockdown. DIYers in both developed and developing countries are investing time to complete home improvement projects.
The majority of DIYers are engaged in gardening practices in order to improve their living spaces and keep them entertained during the lockdown. Furthermore, an important trend is the rise of do-it-yourself (DIY) beauty care. Many parlors have closed, and customers who are wary of direct physical contact are opting out of services.
Furthermore, given the loss of jobs and savings as a result of a COVID-19 situation, many consumers are likely to face financial difficulties.
Key Findings of the Study

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On the basis of type, the painting segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of distribution channel, the offline segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.

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Outdoor Vacation Market Fastest Growing and Highest Revenue Generating Segments, Key Trends, and Competitive Scenario

Allied Market Research published a report, titled,”Outdoor Vacation Market by Tour Type (Volunteering trips, Culinary Tour, Leisure Tour, Heritage trip and Others), Traveler Type (Couple, Family, Solo and Group), Age Group (Generation Z, Millennial and Baby Boomers) and Mode of Booking (Travel Agent and OTA): Global Opportunity Analysis and Industry Forecast 2021–2030.”According to the report, the global outdoor vacation industry generated $500.3 billion in 2020, and is expected to reach $3,326.4 billion by 2030, witnessing a CAGR of 16.2 from 2021 to 2030.

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Drivers, restraints, and opportunities

Inclination of people toward unique and exotic holiday experiences, surge in online bookings, rise of social media and its positive impact, and high penetration of internet drive the growth of the global outdoor vacation market. However, rise in terrorism & crime rate, political uncertainty, and natural calamities and inadequate support infrastructure hinder the market growth. On the other hand, demand for enhanced service standards and eco-friendly tourism create new opportunities in the coming years.

Travelers now a days are opting and actively planning for outdoor vacation, to get away from the daily hectic schedule and gain valuable experiences. Pristine, quite, serene, and exotic locations are the major factors that people consider while choosing their location for outdoor vacation. As a result, natural and unadulterated destinations are gaining high traction among travelers, especially among millennials.

Various initiatives by governments for facilitating tourist access and improving the destination experience are in place in order to promote and expand outdoor vacation scope. Furthermore, Growing disposable income and increasing upper middle-class spending has raised the demand for high and better service standards. The market players are formulating unique strategies to target growing middle-class segment to capitalize their market share. For instance, these companies prefer hiring qualified individuals who can speak international language and communicate easily with travelers, which in turn supports the growth of the outdoor vacation market during the forecast period.

Outdoor vacation market have further been negatively affected, owing to restrictions on domestic tourism, restaurant visits, trade fairs, and visits to cultural events. In addition, various prominent events have postponed or event have been canceled in many countries, owing to the pandemic. Moreover, due to increase in cancellation of events, the airline industry has reduced the flight plans by almost more than half. Thus, COVID-19 has negatively impacted the global outdoor vacation market, owing to implementation of complete lockdown, globally.
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However, surge in number of crime rates, such as kidnaping, pickpocket, robbery, and others, has led to instability in various destinations are holding back the growth of the outdoor vacation market. Political uncertainties, terrorists attack and natural disasters such as Indian Ocean earthquake and tsunami are some of the restraining factor hampering the growth of the global market during the forecast period.

The leisure tour segment to maintain its leadership status during the forecast period

Based on tour type, the leisure tour segment contributed to the highest share in 2020, accounting for around two-fifths of the global outdoor vacation market, and is expected to maintain its leadership status during the forecast period. This is attributed toinclination toward unique and exotic holiday destinations to get away from the daily hectic schedule and willingness to learn and understand the local culture. However, the volunteering trips segment is expected to manifest the highest CAGR of 18.9% from 2021 to 2030. This is due tobenefits of volunteering trips such as meeting with new people, developing knowledge and sensitivity of other cultures, and availing work experience and networking opportunities.

The generation Z segment to continue its dominance in terms of revenue by 2030

Based on age group, the generation Z segment accounted for the highest share in 2020, holding nearly two-fifths of the global outdoor vacation market, and is estimated to continue its dominance in terms of revenue during the forecast period. Moreover, this segment is expected to witness the fastest CAGR of 18.1% from 2021 to 2030. This is due to development of online channels for offering convenience in bookings and rise in investment in digital marketing to attract customers. The research also analyzes the segments including millennials and baby boomers.

Asia-Pacific, followed by Europe and North America, to continue its lead position by 2030

Based on region, Asia-Pacific, followed by Europe and North America, held the highest market share in 2020, accounting for nearly one-third of the global outdoor vacation market, and is projected to continue its lead position by 2030. This is due to rigorous promotion & advertising of tourism by governments and rich cultural heritage of countries in the region. However, LAMEA is expected to portray the largest CAGR of 18.3% during the forecast period, owing to advancements in transportation and information technology that shade the public limelight on unknown geographical destinations and favorable government initiatives.

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Top Players to Adopt Partnership and Expansion Strategies to Avail Competitive Edge in Yoga Market

According to a new report published by Allied Market Research, titled, “Yoga Market by Type: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global yoga market size was $37.5 billion in 2019, and is projected reach $66.2 billion by 2027, registering a CAGR of 9.6% from 2021 to 2027 The offline segment dominates in terms of market share; however, the online segment is expected to register the highest CAGR during the forecast period.

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Yoga is a combination of spiritual, physical, and mental discipline originated in India. It is a holistic discipline based on an extremely subtle science, majorly focusing on bringing harmony between body and mind. Yoga is well-known for promotion of health, management, disease prevention, of many lifestyle-related disorders. In addition, practicing yoga improves strength, flexibility, breathing & lung capacity, and posture. It thus aids in managing anxiety, stress, depression, and other chronic diseases.

The yoga industry is witnessing rapid growth, particularly in North America and Asia-Pacific. The yoga practitioners is expected to cross 350 million by the end of this decade. Furthermore, the ongoing COVID-19 outbreak has bolstered the enrollment for yoga classes particularly virtual yoga programs around the world. This is attributed to the fact that yoga aids in immunity enhancement and stress management. As a result, humans from all walks of life and age are practicing yoga.

With focus on yoga and advancements in technologies, stakeholders in the industry are venturing into online or virtual yoga programs. Various online yoga platforms have emerged multifold amidst this pandemic. Moreover, offline players are providing virtual classes to untap colossal opportunity arising due to widespread lockdown and social distancing norms. Considering highly infectious nature of virus and no sign of immediate recovery, the global wellness industry is transforming rapidly with much of the focus on high-quality, easy to understand, and interactive virtual yoga content. Though offline classes were the major revenue contributor to the market, ongoing pandemic has certainly augmented the growth of such online platforms.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 :- https://www.alliedmarketresearch.com/request-for-customization/7332

Recent years have seen increased traction toward hybrid form of yoga. For instance, yoga & sports, yoga & surf, yoga cruises, yoga & diving, yoga & detox, and yoga & wine along with the more popular yoga & meditation and yoga & Ayurveda programs are trending among the practitioners. These programs are highly engaging, interactive, and full of fun, which, in turn, has resulted in increase in enrollments for these programs. This yoga market trend is likely to prevail in the upcoming years with the relaxation of lockdown and social distancing norms.

The global yoga market is analyzed depending on expenditure incurred by the yoga practitioners. The yoga market report covers analysis based on type and geographic prospects. On the basis of type, the market is studied across online yoga course, offline yoga course, and yoga accreditation training programs. Region wise, the global yoga market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings Of The Study :-

By region, North America dominates in terms of yoga market share and is expected to retain its dominance during the yoga market forecast period.
By type, the offline yoga course segment led in terms of yoga market size, in 2019; however, online yoga course is expected to gain market share in the upcoming years
Asia-Pacific is anticipated to grow with robust CAGR of 10.8% during the forecast period.

Some of the leading players profiled in the yoga market analysis include Alo Moves, Inc., Flyogi LLC., Gaia, Inc., Momo Studio B.V. (Momoyoga), Omstars LLC., One Yoga London, Yoga International, Yogaglo, Inc., Yoga Today LLC, and Yogiapproved LLC.

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Reason to Buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Yoga 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 Yoga 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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U.S. Baby Infant Formula Market Market Share, Key Players, Top Segments, and Demand Analysis, 2021–2031

According to the report published by Allied Market Research, the U.S. baby infant formula market was estimated at $3.88 billion in 2020 and is expected to hit $6.78 billion by 2030, registering a CAGR of 8.6% from 2021 to 2030. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.

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Increase in number of women participating in labor force and high nutritional content of infant formula drive the growth of the U.S. baby infant formula market. On the other hand, government initiatives to promote breastfeeding impede the growth to some extent. However, growing preference toward organic baby food & drinks, extensive research on prebiotics and probiotics in baby food, and developments in technology resulting in emergence of new products are expected to open new opportunities in the industry.

Covid-19 scenario-

The U.S baby infant formula market was impacted positively owing to rise in at-home consumption rate during the initial phase of the pandemic.
The development of online platforms such as telemedicine and e-commerce greatly contributed to the high revenue generation of the U.S. baby infant formula market during the lockdown period.
The U.S. baby infant formula market is analyzed across product type, ingredients, and distribution channel. Based on product type, the infant milk segment accounted for around nearly three-fifths of the total market share in 2020, and is anticipated to rule the roost by 2030. The growing-up milk segment would register the fastest CAGR of 9.7% during the forecast period.

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Based on ingredients, the carbohydrate segment contributed to nearly three-fifths of the total market revenue in 2020, and is expected to lead the trail by the end of 2030. The vitamins segment, however, would exhibit the fastest CAGR of 14.2% throughout the forecast period.

Based on distribution channel, the hypermarkets segment held nearly one-third of the total market revenue in 2020, and is expected to lead the trail by the end of 2030. The hard discounter stores segment, simultaneously, would exhibit the fastest CAGR of 10.7% throughout the forecast period.

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The key market players analyzed in the U.S. baby infant formula market report include Arla Foods, Bobbie, Campbell Soups Company, Holle Baby Food AG, Dana Dairy Group, Ltd., Danone S.A., D-Signstore, Else Nutrition Holdings, Inc., Hipp GmbH & Co. Vertrieb KG, Nestle S.A., The Hain Celestial Group, Inc., Abbott Laboratories, Kabrita USA, Nature’s One, LLC., and Reckitt Benckiser Group Plc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry.

Reason to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Footwear 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 Footwear 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.

The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2022-2028?
What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the U.S. baby infant formula market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the U.S. baby infant formula market Market?
What are the prominent market trends influencing the development of the U.S. baby infant formula market across different regions?
What are the major threats and challenges likely to act as a barrier to the growth of the U.S. baby infant formula market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

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Expansion into Various Regions and New Product Launches to Raise Indonesia Skin Care Products Market Share

Surge in Indonesia skin care products market demand for organic and natural ingredients in skin care products accelerated the market growth

According to a new report published by Allied Market Research, titled, “Indonesia Skin Care Products Market by Type, Age Group, Demographics and Sales Channel: Opportunity Analysis and Industry Forecast, 2018–2030,” The Indonesia skin care products market size was valued at $9,104.48 million in 2018, and is projected reach $18,828.24 million by 2030, registering a CAGR of 7.8% from 2021 to 2030.

In 2017, Indonesia recorded 25% rise in registration of local cosmetic companies, majorly the small- and medium-scale enterprises, owing to the government support for the growth of the Indonesia skin care products industry. Hence, currently the total industries are more then 76,095, which are small and medium enterprises. Furthermore, the government is focusing on this industry as evidenced in the President Direction (Indonesian: Perpres) No. 14 Year 2015 about National Development Core Planning Year 2015-2035 in which cosmetic and traditional medicine industries are becoming diversified national economic backbones. Despite various promotional and marketing efforts by domestic brands in years, global brands, be it locally manufactured or imported, still dominate skin care products sales in Indonesia. The superiority of such brands is difficult to break as skin care products have specific target customers and they tend to be loyal to a particular brand.

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They cannot easily switch to other products even if the competitors provide equal or better quality. The nation has 12–15% out of the entire population in the middle-to-high income range. These consumers, who predominantly reside in large cities, can afford to buy high-end imported products. For this specific group, quality, brand image, and being top-of-trends are among the major aspects considered while purchasing skin care products. Statistic wise, Indonesia has witnessed rapid growth of shopping malls over last 10 years. In the capital Jakarta alone, more than 100 shopping centers have been registered. More than 10% of them are intended for high-end or luxury imported products. This is anticipated to presents remunerative opportunities for European brands, which are regarded as expensive but come with top-notch quality, and are hence highly desirable. Rise in women population in the country coupled with higher inclination toward naturally derived skin care products are further anticipated to boost the Indonesia skin care products market opportunity during Indonesia skin care products market forecast period.

Halal regulations in particular have been providing new opportunities for the Indonesia skin care products market. Not only giving the local brand a competitive edge over global brands in the domestic market, Halal regulations further allow local based halal-certified cosmetic manufacturers establish their presence in overseas niche market too. For instance, the French cosmetics giant L’Oréal in Indonesia already has a halal-certified factory, which supplies the domestic market and the Southeast Asia region. Most of the products are sold under the Garnier brand, including facial cleansers to halal-approved skin lightening creams.

In addition, Kilala Tilaar, corporate director of creative and innovation from local beauty product giant Martha Tilaar Group believes that natural or organic beauty products drive the growth of country’s personal care and grooming industry. However, in the skincare market in Indonesia, multinational corporations with a local presence continue to dominate the industry with Unilever Indonesia, P&G Indonesia, and L’Oréal Indonesia leading the market competition.

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The Indonesia 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 face care, body care, eye care, lip care and others. By demographic, it is bifurcated into male and female. According to age group, it is fragmented into generation X, millennial, and generation Z. As per sales channel, it is classified into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharma & drug stores, and online sales channel. By sales channel, the hypermarket/supermarket segment accounted for the maximum Indonesia skin care products market share in 2018.

The key players operating in the Indonesia skin care products market are the Beiersdorf AG, Estee Lauder Companies Inc., Groupe Rocher, L’Oréal Group, Procter and Gamble Company, PT Kino Indonesia Tbk, PT Mandom Indonesia Tbk, PT Martina Berto Tbk, PT Paragon Technology and Innovation and Unilever Indonesia.

Key findings of the study

By type, the face care segment dominated the market in 2018 and is likely to remain dominant during the forecast period.
By demographics, male segment is anticipated to fastest growing segment during the forecast period.
By age group, generation X segment dominated the market in 2018 and is likely to remain dominant during the forecast period.

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Luxury Perfume Market Revenue Opportunities, Key Segment Analysis, and Regional Scenario 2026

The luxury perfume companies have been making several important mergers and acquisitions to expand their operations in both international and domestic market.

According to a new report published by Allied Market Research titled, ” Luxury Perfume Market by Price, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the luxury perfume market size was valued at $11.7 billion in 2018 and is expected to reach $16.8 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026. In 2017, Asia-pacific accounted for nearly 30.3% share of the luxury perfume market.

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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 luxury perfume products around the globe.

Premiumization has facilitated a bridge between the desirability of the luxury experience and the necessity of mass market. As a result, premiumization play a key role in the overall luxury perfume market growth. Today’s customer seek for superior quality and content when it comes to using any kind of consumer good products including perfumes irrespective of its high end price tags. This results in increase in demand for premium brand perfumes.

Most of the developed countries have witnessed surging demand for luxury perfume products. For instance, as per the sources, the UK premium fragrance revenue sales increased by nearly 8.0% in 2016. However, the overall fragrance market of the country saw a decline by 2.5%. This is attributable to the rise in per capita income of target customers coupled with extended product offerings of luxury perfume manufacturers. Thus surge in demand for various fragrance products triggers growth of the market.

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According to International Fragrance Association, artisanal and niche fragrances are the fastest growing segment of the fragrance segment. The significant growth of the segment is attributable to the fact that majority of target customers seek for natural or organic products for its consumption. Artisanal perfumes are processed with natural and exotic ingredients instead of synthetic elements. They are usually produced in smaller quantities and not distributed widely but sold through limited retail formats. Taking this customer buying behavior into consideration, most of the key players in the global luxury perfume market have been strategizing on acquiring several key artisanal perfume manufacturers. For instance, in 2015, Japan based Shiseido purchased independent perfumer Serge Lutens. Similarly, in 2016, L’Oréal acquired Atelier Cologne. Key mergers and acquisitions initiated by manufacturers expected to drive the growth of the market during the luxury perfume market forecast.

Celebrity fragrance is another segment contributing to the growth of the global luxury perfume market analysis. Celebrity fragrances are those perfumes and fragrances that are branded and promoted by celebrities. Influence of the celebrity in the fragrance segment, has shown positive growth in the overall parent market in terms of value sales. As per the sources, celebrity fragrance sales have increased significantly in terms of value over the past five years specifically in U.S. and UK. Hence, celebrity branding and endorsement provides an avenue for the growth of the global luxury perfume market in terms of value sales.

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Key Findings of the Luxury Perfume Market:

In 2018, by price, the $100 – $200 priced luxury perfumes segment accounted for around higher market share, growing at a CAGR of 5.6% from 2019 to 2026.
In 2018, by end user, the female segment accounted for higher luxury perfume market share.
In 2018, by region, Asia-pacific accounted for a higher value luxury perfume market share.
Key revenue opportunities, growth factors, and luxury perfume market trends in emerging economies are comprehensive highlighted in the report.

Key players profiled for luxury perfume industry include L&L Luxury Company Ltd., Pheonix Fragrance Ltd., Guccio Gucci S.p.A., Louis Vitton, Clive Christian, Floris London, Giorgio Armani S.p.A., Creed Boutique, LLC, Estée Lauder Companies Inc., Hermès International S.A., and other such.

Reason to Buy:–

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Luxury Perfume 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 Luxury Perfume 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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Gamification Market to Generate $95.5 Billion by 2030, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the market across Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.

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Allied Market Research published a research report on the gamification market. The findings of the report state that the global market for gamification generated $9.9 billion in 2020, and is projected to reach $95.5 billion by 2030, witnessing a CAGR of 25.6% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenarios for market players, investors, shareholders, and new entrants.

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The report provides detailed insights on the drivers, restraints, and opportunities to help the market players in devising several growth strategies. Rewards and recognition to employees over performance to boost employee engagement and provide lucrative offers to customers and consumers boost the global gamification market. On the other hand, complexities in developing gamification applications and the short lifecycle of gamification impede the market growth. Nevertheless, the use of AI for processing and presentation of personalized results offers lucrative opportunities for the growth of the industry.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the gamification market globally. The outbreak of the COVID-19 pandemic impacted the global gamification market positively due to the rise in the demand for mobile gaming apps and software. Many large enterprises adopted gamification solutions and are increasing investments in gamification for a wide range of applications from marketing to recruitment. The trend is expected to continue even after the pandemic recedes.

“The service segment is expected to witness significant growth during the forecast period, owing to high demand for gamification services across various industries for improving the ability of the workers and to provide enhanced customer experience, which in turn is expected to propel the market growth,” said Pramod Borasi, Senior Research Analyst, ICT and Media at Allied Market Research.

The report offers detailed segmentation of the global gamification market based on component, deployment type, application, enterprise size, industry vertical, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

Based on component, the solution segment was the largest market in 2020, grabbing over three-fifths of the global gamification market share, and is expected to continue its leadership status during the forecast period. However, the service segment is anticipated to grow at the fastest CAGR of 27.1% during the forecast period.

By industry vertical, the retail segment held the largest share in 2020, contributing to more than one-fifth of the global gamification market share. However, the IT and telecom segment is expected to exhibit the fastest CAGR of 28.8% during the forecast period.

Based on region, the gamification market across North America accounted for the highest share in 2020, capturing over one-third of the overall market, and is likely to maintain its dominance during the forecast period. However, Asia-Pacific is anticipated to achieve the highest CAGR of 27.6% during the forecast period.

The leading market players analyzed in the global gamification market report include Ambition, Axonify, Inc., Bunchball, Inc., Callidus Software, Inc., Cognizant Technology Solution Corp., Cut-e GmbH, G-Cube, Iactionable, Inc., Microsoft Corporation, and MPS Interactive Systems Limited.

About Allied Market Research:

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 offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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