Trends in Events: Future Outlook for the MICE Market

The global MICE market size was valued at USD 693.21 billion in 2022 and is projected to grow from USD 904.30 billion in 2023 to USD 1,605.17 billion by 2030, exhibiting a CAGR of 8.54% during the forecast period.

MICE refers to a group travel segment focused on planning, booking, and the organization of seminars, conferences, and events. The market growth is being driven by an upsurge in globalization which offers numerous opportunities for business expansion.

Fortune Business Insights™ provides this information in its research report, titled “MICE Market, 2023-2030”.

List of Key Players Mentioned in the Report:

  • ITA Group (U.S.)
  • Flight Centre Travel Group Limited (Australia)
  • Freeman (U.S.)
  • Meetings and Incentives Worldwide, Inc. (U.S.)
  • Conference Care (U.K.)
  • One10, LLC (U.S.)
  • BCD Meetings & Events (U.S.)
  • Creative Group, Inc. (U.S.)
  • Access (U.S.)
  • CWT Meetings & Events (U.S.)

Segmentation:

Meetings Segment Leads the Market Driven by Upsurge in Corporate Events

By event type, the market is subdivided into incentives, meetings, exhibitions, and conventions. The meetings segment holds a dominating market share. This can be attributed to a rise in the number of corporate events across the globe. Some of these events comprise management planning meetings, general meetings, annual business meetings, board meetings, supplier meetings, and others.

Based on geography, the market for MICE has been analyzed across North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

Report Coverage:

The report provides an insight into the key trends in the global market. It further delves into the impact of COVID-19 pandemic on market expansion. The report gives an overview of the prominent factors driving the industry expansion over the coming years. The vital strategies deployed by market players for expanding the reach of their services have also been covered in the report.

Drivers and Restraints:

Expanding Travel and Tourism Sector to Drive Industry Expansion

The MICE market growth is being driven by an upsurge in business trips across the globe and the expanding travel and tourism sector. Additional factors favoring industry expansion included the ease in travel bookings, change in lifestyle, and a surge in infrastructure.

However, the industry growth may be restrained by the political instability across the globe. Such occurrences particularly affect countries dependent on the tourism sector for revenue generation.  

Regional Insights:

Europe Dominates the Market Driven by the Surge in Corporate Activities

Europe accounts for a leading MICE market share in the global market. This can be attributed to an escalation in corporate activities across numerous industries such as automobiles, pharmaceuticals, information technology, and others.

Asia Pacific is set to expand at the highest CAGR over the study period. This is due to an upsurge in government investments focused on infrastructure enhancement in the region. 

Over the past couple of years, the regions of South America and the Middle East registered an upsurge in tourist footfall. The Latin America market is set to rise owing to the upsurge in professional business event organizers in the region.

Competitive Landscape:

Industry Players Focus on Innovation to Gain Strong Footing

Major MICE industry players are deploying numerous strategies to gain strong footing in the market. Some of these steps constitute partnerships, innovation, and business expansion. Furthermore, to raise brand awareness, market players are adopting marketing and promotion strategies.

Key Industry Development:

  • September 2023 – Freeman announced a collaboration with 42Chat. The deal focuses on the launch of conversational AI chatbots for supporting attendee engagement for conference and trade show organizers.

Reference Link:

https://www.fortunebusinessinsights.com/mice-market-108653

Styling Success: Strategies for Success in the Hair Dryer Market

The global hair dryer market size was valued at USD 8.54 billion in 2022 and is projected to grow from USD 9.01 billion in 2023 to USD 13.42 billion by 2030, exhibiting a CAGR of 5.87% during the forecast period.

Hair dryers are a hair styling equipment widely used by hair stylists across the world to dry wet hair and create several unique and elegant hairstyles. They are considered a staple product in the beauty sector, and several advanced technologies are being introduced in these devices to improve their performance. Manufacturers are launching energy-efficient models of hair blowers to become more sustainable and attract environment-conscious customers. These initiatives are expected to fuel the hair dryer market growth.

Fortune Business Insights™ displays this information in a report titled, “Hair Dryer Market, 2023-2030.”

List of Key Companies Profiled in the Report:

  • Conair LLC (U.S.)
  • Panasonic Holdings Corporation (Japan)
  • Koninklijke Philips N.V (Netherlands)
  • Dyson Limited (Singapore)
  • Tescom Co., Ltd. (Japan)
  • Spectrum Brands, Inc. (U.S.)
  • Revlon Inc. (U.S.)
  • Ghd Hair (U.K.)
  • Harry Josh Pro Tools (U.S.)
  • Havells (India)

Segmentation:

Corded Hair Dryers to Witness Robust Demand Due to Their Attractive Features

Based on type, the market is segregated into corded and cordless. The corded segment is estimated to dominate the hair dryer market share as they have features, such as powerful and consistent airflow, which decreases customers’ concerns about battery life.

Individuals to Increase Product Use Due to Their Convenience

In terms of application, the market is segmented into individual and professional. The individual segment is expected to dominate the market as hair dryers find major use in households. Individuals extensively use hair styling devices to enhance their aesthetic appearance and create elegant hairstyles.

Customers to Buy Hair Blowers from Specialty Stores Due to Availability of High-Quality Products

Based on distribution channel, the global market is divided into offline and online. The offline segment is anticipated to capture the largest market share as specialty stores offer high-quality haircare products at affordable prices. Customers can also physically inspect the overall quality of hair blowers before making a purchase decision.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report studies the market in detail and focuses on critical aspects, such as leading product types, application areas, top distribution channels, and prominent market players. It also provides key insights into the top industry developments and latest market trends. Besides the factors mentioned above, the report covers many other factors that have contributed to the market’s growth in recent years.

Drivers and Restraints:

Increasing Setup of Professional Hair Salons to Fuel Market Growth

Large-scale urbanization and industrialization have boosted the construction of hair salons in developed and developing nations, such as India, China, Japan, Brazil, and the U.K. Many customers are looking for high-quality hair styling and care solutions, which has also accelerated the establishment of professional salons. These factors are expected to amplify the market progress.

However, growing sales of fake hair styling products can hamper market growth.

Regional Insights:

Europe to Dominate Market Due to Growing Customer Inclination Toward Western Lifestyle

Europe held a dominant share in the global market in 2022 as customers across the region are increasingly adopting western lifestyle habits to boost their quality of life. Moreover, the demand for eco-friendly and energy-efficient hair blowers has also grown considerably across Europe, which will further bolster the regional market growth.

North America is also expected to showcase commendable growth in the global market due to factors, such as evolving fashion & beauty trends, changes in weather conditions, and rapid urbanization.

Competitive Landscape:

Increased Consumer Spending on Innovative Beauty Appliances to Strengthen Market Potential

Some of the key manufacturers in the market are integrating cutting-edge technologies into their products to enhance their performance & efficiency, and improve customers’ experience. They are launching hair dryers equipped with advanced features, such as automatic shut off, heat sensors, and Bluetooth connectivity to increase customers’ convenience while using them. Such novel product launches will help the market players cement their market positions.

Notable Industry Development:

  • November 2020 – Revlon, a U.S.-based cosmetics brand, introduced a brand-new version of its One-Step Hair Dryer & Volumizer equipped with innovative user-friendly features.

Reference Link:

https://www.fortunebusinessinsights.com/hair-dryer-market-106228

Feasting Success: Strategies for Success in Dining Table Market

The global dining table market size was valued at USD 7.45 billion in 2022 and is projected to grow from USD 7.81 billion in 2023 to USD 11.91 billion by 2030, exhibiting a CAGR of 6.2% during the forecast period.

Dining tables are available in various shapes, price range, and functionalities. They offer an aesthetic look in the dining spaces. With new and evolving trend for renovation and preference for contemporary designs for lunch tabletops is set to propel the market development. Fortune Business Insights™ shares this information in its report titled “Dining Table Market, 2023-2030.

List of Key Players Profiled in the Market Report

  • Steelcase Inc. (U.S.)
  • MillerKnoll, Inc. (U.S.)
  • Ashley Furniture Industries, Inc. (U.S.)
  • GLOBAL FURNITURE USA (U.S.)
  • KOKUYO Co., Ltd. (Japan)
  • Ethan Allen Global, Inc. (U.S.)
  • Godrej & Boyce Mfg. Co. Ltd. (India)
  • B&B ITALIA SPA (Italy)
  • Sunpan Trading & Importing, Inc. (Canada)
  • CB2 (U.S.)

Segmentation

Backed By Consumer Demand For Engineered Furniture Items, Wood Is Set To Lead The Segment

On the basis of material, the market is segmented into wood, metal, plastic, and others. Consumer demand for engineered wooden tables and chairs has resulted in the wood segment to be the leading part of the segment in the market. The demand for steel lunch benchtops in the corporates and restaurants is supporting the demand for steel-based material.

Backed By Easy Availability, Rectangular Segement Is Set To Lead The Market

By table shape, the market is divided into oval, rectangular, round, and square. The rectangular shaped tables are set to hold a dominant share due to the availability of diverse shapes and sizes.

Owing To Consumption Of Multifunctional Tables, Residential Segement Is Set To Lead The Market

According to the end-user, the market is segmented into residential and commercial. Residential segment holds a major market share owing to the consumption of multifunctional tables and minimalistic designs. 

On the basis of regional ground, the market is studied across North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

Drivers and Restraints

Requirement for Large-Sized Dining Tables In The Infrastructural Facilities To Drive Market Trajectory

Growth in the number of infrastructural facilities related to restaurants, coffee shops, canteens, bars, and pubs is anticipated to drive dining table market growth. These facilities require large-sized dining tables. In addition, the adoption of luxury furniture items is set to propel the market growth.

However, instances of skin irritation due to long usage of lounge tables with chemical-based finishes is expected to hamper the market growth.

Regional Insights

Owing to the Consumption Of Wooden Furniture Items, Asia Pacific Is Expected To Lead The Market Share

Asia Pacific is projected led the global dining table market share with the valuation of USD 3.36 billion in the year 2022. The valuation and dominance is backed by the enhanced consumption of wooden furniture items in China and India.  

The need for replacing of products and house renovation trend in the household of Canada and U.S. is driving the market growth in North America.

Competitive Landscape

Market Players to Gain Competitive Edge by Offering Innovative Designs  

Key industry players of the dining table market have been focusing on the offering innovative designs to expand their customer base globally. In February 2023, Steelcase, Inc. collaborated with Frank Lloyd Wright Foundation to launch various products such as dining chairs, tables, and desks, called Racine Collection. These products are of high performance as they are made up of high quality fabrics, materials, and tweaks for better comfort and use.

Key Industry Development

  • May 2023: Serena & Lily launched a new collection of furniture products including Bamileke Side table, Hanging chair, Rivera Side chair, and Pacifica Outdoor sofa in the U.S. The new collection was launched by ‘Serena & Lily Hospitality’ trade program.

Reference Link:

https://www.fortunebusinessinsights.com/dining-table-market-106138

Competitive Clean-Up: Strategies for Success in Kitchen Chimney Market

The global kitchen chimney market size was valued at USD 17.08 billion in 2022 and is projected to grow from USD 17.80 billion in 2023 to USD 25.72 billion by 2030, exhibiting a CAGR of 5.39% during the forecast period.

A kitchen chimney is a common appliance used to vent out fumes, oil, and other pollutants from the kitchen. This appliance keeps the kitchen clean and fresh and prevents smoke from building up, which also ensures the safety of individuals. Chimneys are especially useful for kitchens that have a poor ventilation system as they help maintain hygiene in the kitchen. The growing popularity of modular kitchens is also expected to boost the kitchen chimney market growth.

Fortune Business Insights™ displays this information in a report titled, “Kitchen Chimney Market, 2023-2030.”

LIST OF KEY COMPANIES PROFILED IN THE REPORT

  • Asko Appliances (Sweden)
  • Vent-A-Hood (U.S.)
  • BSH Home Appliances Corporation (U.S.)
  • Elica S.p.A. (Italy)
  • Faber S.p.A. (Italy)
  • Falmec S.p.A. (Italy)
  • Miele Inc. (Germany)
  • Panasonic Corporation (Japan)
  • Samsung Electronics (South Korea)
  • Whirlpool Corporation (U.S.)

Segmentation:

Growing Demand for Kitchen Aesthetics to Boost Sales of Wall-Mounted Kitchen Chimneys

Based on product type, the market is divided into wall-mounted chimneys, built-in chimneys, island chimneys, corner chimneys, and others (straight line, inclined). The wall-mounted segment held a dominant kitchen chimney market share as customers are looking for products that enhance the aesthetic appearance of their kitchens and have excellent functionality.

Ducted Kitchen Chimneys to Gain Traction for Their Ability to Purify Kitchen Air

Based on duct type, the market is segmented into ducted and ductless. The ducted segment is predicted to lead the market growth as it can effectively purify the kitchen air since it vents all the cooking fumes outside.

Growing Demand for Modular Kitchens to Boost Product Sales in Residential Sector

Based on application, the market is segmented into residential and commercial. Commercial applications include offices, restaurants, hotels, and others. The residential segment accounts for a major share in the market due to the growing demand for modular kitchens and rising number of nuclear families across the globe.

Variety in Chimney Designs to Boost Customers’ Preference for Offline Stores

Based on distribution channel, the market is segmented into online and offline. The offline store segment held a significant market share as these stores offer a wide variety of chimney designs in a single store, such as supermarkets and hypermarkets.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The kitchen chimney market research report offers in-depth industry analysis and highlights crucial aspects, such as key companies, product type, duct type, application, and distribution channel. Besides this, the report provides insights into the most recent market trends and covers top industry developments. In addition to the abovementioned factors, the report covers several factors that have contributed to the market’s growth in recent years.

Drivers and Restraints:

Growing Consumer Preference for Energy Efficient Kitchen Appliances to Boost Market Potential

Leading manufacturers in the market are introducing innovative products to attract new customers and retain their market position. They are launching kitchen chimneys in a wide range of designs and colors to cater to the customers’ rising demand for aesthetically pleasing kitchen appliances. These developments will drive the global market share.

However, high prices and growing maintenance costs might impede the market growth.

Regional Insights:

North America to Lead the Market Growth With Rising Demand for High-Quality Appliances

North America was the leading market in 2022 as customers are increasing their preference for high-quality kitchen appliances. The U.S. is witnessing a notable expansion in its home improvement sector, which is further contributing to the market’s progress.

Europe is also expected to display considerable growth during the forecast period as the region is seeing a strong growth in its housing sector.

Competitive Landscape:

Key Companies to Innovate and Launch New Products to Retain Market Position

Some of the leading industry players are adopting various competitive strategies including product innovation and new product launches to expand their business. The need for innovative products has grown tremendously in recent years, further boosting the market growth.

Notable Industry Development:

  • March 2023: Ciarra, an innovative kitchen appliance brand, introduced its Ciarra HOOD TO GO portable range hood. The product comes in mini and compact sizes and has a highly efficient motor that offers strong suction power. This is said to drive the suction mechanism to remove odors in cooking environments.

Reference Link:

https://www.fortunebusinessinsights.com/kitchen-chimney-market-107646

Market Makeover: Size, Share, and Growth Analysis in Hair Dryer Market

The global hair dryer market size was valued at USD 8.54 billion in 2022 and is projected to grow from USD 9.01 billion in 2023 to USD 13.42 billion by 2030, exhibiting a CAGR of 5.87% during the forecast period.

Hair dryers are a hair styling equipment widely used by hair stylists across the world to dry wet hair and create several unique and elegant hairstyles. They are considered a staple product in the beauty sector, and several advanced technologies are being introduced in these devices to improve their performance. Manufacturers are launching energy-efficient models of hair blowers to become more sustainable and attract environment-conscious customers. These initiatives are expected to fuel the hair dryer market growth.

Fortune Business Insights™ displays this information in a report titled, “Hair Dryer Market, 2023-2030.”

List of Key Companies Profiled in the Report:

  • Conair LLC (U.S.)
  • Panasonic Holdings Corporation (Japan)
  • Koninklijke Philips N.V (Netherlands)
  • Dyson Limited (Singapore)
  • Tescom Co., Ltd. (Japan)
  • Spectrum Brands, Inc. (U.S.)
  • Revlon Inc. (U.S.)
  • Ghd Hair (U.K.)
  • Harry Josh Pro Tools (U.S.)
  • Havells (India)

Segmentation:

Corded Hair Dryers to Witness Robust Demand Due to Their Attractive Features

Based on type, the market is segregated into corded and cordless. The corded segment is estimated to dominate the hair dryer market share as they have features, such as powerful and consistent airflow, which decreases customers’ concerns about battery life.

Individuals to Increase Product Use Due to Their Convenience

In terms of application, the market is segmented into individual and professional. The individual segment is expected to dominate the market as hair dryers find major use in households. Individuals extensively use hair styling devices to enhance their aesthetic appearance and create elegant hairstyles.

Customers to Buy Hair Blowers from Specialty Stores Due to Availability of High-Quality Products

Based on distribution channel, the global market is divided into offline and online. The offline segment is anticipated to capture the largest market share as specialty stores offer high-quality haircare products at affordable prices. Customers can also physically inspect the overall quality of hair blowers before making a purchase decision.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report studies the market in detail and focuses on critical aspects, such as leading product types, application areas, top distribution channels, and prominent market players. It also provides key insights into the top industry developments and latest market trends. Besides the factors mentioned above, the report covers many other factors that have contributed to the market’s growth in recent years.

Drivers and Restraints:

Increasing Setup of Professional Hair Salons to Fuel Market Growth

Large-scale urbanization and industrialization have boosted the construction of hair salons in developed and developing nations, such as India, China, Japan, Brazil, and the U.K. Many customers are looking for high-quality hair styling and care solutions, which has also accelerated the establishment of professional salons. These factors are expected to amplify the market progress.

However, growing sales of fake hair styling products can hamper market growth.

Regional Insights:

Europe to Dominate Market Due to Growing Customer Inclination Toward Western Lifestyle

Europe held a dominant share in the global market in 2022 as customers across the region are increasingly adopting western lifestyle habits to boost their quality of life. Moreover, the demand for eco-friendly and energy-efficient hair blowers has also grown considerably across Europe, which will further bolster the regional market growth.

North America is also expected to showcase commendable growth in the global market due to factors, such as evolving fashion & beauty trends, changes in weather conditions, and rapid urbanization.

Competitive Landscape:

Increased Consumer Spending on Innovative Beauty Appliances to Strengthen Market Potential

Some of the key manufacturers in the market are integrating cutting-edge technologies into their products to enhance their performance & efficiency, and improve customers’ experience. They are launching hair dryers equipped with advanced features, such as automatic shut off, heat sensors, and Bluetooth connectivity to increase customers’ convenience while using them. Such novel product launches will help the market players cement their market positions.

Notable Industry Development:

  • November 2020 – Revlon, a U.S.-based cosmetics brand, introduced a brand-new version of its One-Step Hair Dryer & Volumizer equipped with innovative user-friendly features.

Reference Link:

https://www.fortunebusinessinsights.com/hair-dryer-market-106228

Navigating Luxury: Strategies for Success in the Evolving Luxury Goods Market

The global luxury goods market size was valued at USD 272.74 billion in 2022 and is anticipated to grow from USD 284.00 billion in 2023 to USD 392.40 billion by 2030, exhibiting a CAGR of 4.7% during the forecast period.

Luxury products signify the status symbol of an individual. Businesses focus on high-income populations with visually appealing designs and technology-integrated products. For instance, NFC-installed chips in jewelry; a product called Verselux was created by Cathy Hackl in March 2023. Fortune Business Insights presents this information in its report titled “Global Luxury Goods Market, 2023–2030.”

List of Key Players Profiled in the Report:

  • LVHM (France)
  • Compagnie Financière Richemont SA (Switzerland)
  • Kering SA (France)
  • Chow Tai Fook Jewellery Group Limited (Hong Kong)
  • The Estée Lauder Companies Inc. (U.S.)
  • Luxottica Group SpA (Italy)
  • The Swatch Group Ltd. (Switzerland)
  • L’Oréal Group (France)
  • Ralph Lauren Corporation (U.S.)
  • Shiseido Company, Limited (Japan)

Segments:

Fast Fashion Trend Increases Demand for Clothing Segment

By product type, the market is categorized into watches & jewelry, perfumes & cosmetics, clothing, bags/purses, and others. Fast fashion trends and demands from both men and women led the clothing segment to hold a significant market share.

Inclination Toward Grooming by Women to Increase Demand for Luxury Items

By end-user, the market is divided into men and women. The women segment dominates the market due to availability of numerous luxury products such as bracelets, cosmetics, earrings, fragrances, and handbags.                                             

Online Channel to Hold Largest Share due to Greater Convenience in Purchasing
Based on distribution channel, the market is bifurcated into offline and online. Due to the presence of stores and shops, customers can touch and feel the product, which allows the offline segment to hold a significant market share. 

Geographically, the market is studied across North America, South America, Europe, Asia Pacific, and the Middle East and Africa.

Report Coverage:

The report offers: 

  • Major growth drivers, restraining factors, opportunities, and potential challenges for the market. 
  • Comprehensive insights into regional developments. 
  • List of major industry players. 
  • Key strategies adopted by the market players. 
  • Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints:

Increasing High-net Worth Population to Spur Demand

An increasing population with high-net worth drives the market for luxury goods. Businesses selling luxury goods concentrate on Gen-Z and millennial audiences by offering customized products. Around 2,153 billionaires have more wealth than 60% of the global population, which is 4.6 billion, according to the data published in January 2020 by Oxfam International.

On the contrary, purchasing or renting second-hand luxury products hinders the luxury goods market growth.

Regional Insights

Increasing Disposable Income of Individuals in Asia Pacific to Augur Market Growth

Asia Pacific holds the largest luxury goods market share due to its growing population and people’s high disposable income. The availability of luxury items is another factor contributing to the region’s market growth.           

Due to the presence of large players in the region, the luxury items market in Europe holds substantial share.

Competitive Landscape

Key Players Focus on Acquisitions to Sustain Position

Major companies in the market maintain robust product portfolios to maintain their position in the market. Partnerships, acquisitions, and new product developments are prioritized by luxury item companies to maintain dominance.

Key Industry Development: 

  • November 2022: Estee Lauder Companies, Inc., a global cosmetics maker, acquired Tom Ford, a luxury footwear, handbags, and accessories brand, to expand its business in the Chinese luxury beauty products industry.

Reference Link:

https://www.fortunebusinessinsights.com/luxury-goods-market-103866

Wiping Wealth: Exploring Business and Revenue in the Toilet Paper Market

The global toilet paper market size was USD 26.14 billion in 2019 and is projected to reach USD 38.34 billion by 2027, exhibiting a CAGR of 4.9% during the forecast period. 

A list of all the renowned toilet paper producers operating in the global market:

  • Procter & Gamble Co. (Cincinnati, U.S.)
  • Kimberly-Clark (Dallas, U.S.)
  • Essity AB (Stockholm, Sweden)
  • Georgia-Pacific LLC (Atlanta, U.S.)
  • Hengan Group (Jinjiang, China)
  • Sofidel Group (Porcari, Italy)
  • Kruger Inc. (Montreal, Canada)
  • Empresas CMPC S.A (Santiago, Chile)
  • WEPA Hygieneprodukte GmbH (Arnsberg, Germany)
  • Unilever (London, U.K.)

How Did We Create This Report?

Various insights present in the report were derived from extensive primary and secondary research. Our expert advisors and analysts used quantitative and industry-wide market projection methodologies and customer insights tools to make authentic data available to the clients. The report also provides an uncluttered evaluation of projections and estimations on the market dynamics.

Drivers & Restraints-

Rising Working-class Population to Spur Demand

The rising trend of travel and tourism is expected to broaden the hospitality industry worldwide. The demand for toilet paper in restaurants, resorts, and hotels is growing rapidly on account of the increasing hygiene requirements. Apart from that, the surging working-class population will further raise the usage of this product in corporate sectors and offices. For instance, the U.S. Census Bureau’s data on Country Business Pattern revealed that the total number of establishments was 7,860,674 in 2017. It reached 7,912,405 in 2018. These factors are set to propel the toilet paper market growth in the coming years. However, the rising popularity of bidet toilets may hamper growth by limiting demand.

Segment-

Household Segment to Grow Rapidly Stoked by Rising Number of Nuclear Families

Based on application, the household segment generated 60.16% in terms of the toilet paper market share in 2019. This growth is attributable to the increasing usage of toilet paper in homes as it is considered to be an essential daily use commodity. Besides, the surging trend of living alone, as well as the rising number of nuclear families in urban areas would aid growth of this segment.

Regional Analysis-

Surging Number of Hospitality Facilities to Favor Growth in Europe

Geographically, Asia Pacific earned USD 9.55 billion in 2019 in terms of revenue. Though the per capita toilet paper usage is relatively lower in this region, the rapid industrialization and urbanization would result in the development of improved restrooms, thereby leading to rising demand.

North America, on the other hand, is anticipated to grow significantly backed by the rising spending power of people residing in Canada and the U.S. Europe is set to show rising usage of toilet paper because of the increasing number of hospitality facilities in the region.

Competitive Landscape-

Key Players Focus on Investing in Development of New Production Facilities

The market for toilet paper houses a large number of manufacturers that are mainly aiming to invest hefty amounts of money in developing new production facilities. They are doing so to increase their production capacities and to cater to the rising demand worldwide. Below are the two latest industry developments:

  • September 2020: Andritz AG bagged a new order from Guangdong Hengan Paper Co., Ltd. to provide four tissue machines to its mill situated in China. It will be used to produce premium-quality handkerchief, toilet, facial, and napkin tissue made out of virgin market pulp.

Reference Link:

https://www.fortunebusinessinsights.com/toilet-paper-market-104298

Golden Growth: Size, Share, and Growth in Jewelry Market

The global jewelry market size was valued at USD 216.48 billion in 2022 and is projected to grow from USD 224.38 billion in 2023 to USD 308.36 billion by 2030, exhibiting a CAGR of 4.6% during the forecast period.

The rising trend for increased consumption of jewels is attributed to the fact that people are getting inclined toward luxurious products. The growing popularity to incorporate technology in ornaments is boosting product demand. With increasing levels of disposable income levels, spending of consumers has been on the rise. Fortune Business Insights™ shares this information in its report titled “Jewelry Market, 2023-2030.

List of Key Players Profiled in the Report

  • Harry Winston, Inc. (U.S.)
  • Chopard (Switzerland)
  • Pandora Jewelry, LLC. (U.S.)
  • Chow Tai Fook Jewellery Company Limited (Hong Kong)
  • Tiffany & Co (U.S.)
  • Rajesh Exports Ltd (India)
  • Cartier International SNC (France)
  • Signet Jewelers Limited (Bermuda)
  • Chanel (France)
  • LVMH Moët Hennessy (France)

Segments

Ring Segment to Dictate as it Symbolizes Marital Status

On the basis of product, the market is segmented into necklace, earrings, ring, bracelet, and others. The ring segment is set to lead due to rising popularity as it signifies engagement and marital status. Growing customer preference for personalized jewels has stimulated vendors to provide various customization options. Earrings, necklaces, bracelets, and others have also been on rise owing to their usage for beautification and enhancement of looks.

Diamond to Govern Due to its Various Benefits  

Based on material type, the market is categorized into gold, platinum, diamond, and others. Diamond is anticipated to dominate the market due to its sparkle and reflection. Various celebrities such as Jennifer Lopez, Lady Gaga, Gal Gadot, Rosie Huntington, Celine Dion, Naomi Campbell, Demi Moore, and many others donned diamond and platinum jewels at the Met Gala event of 2019.    

Women Segment to Lead Due to Rising Use of Jewels

On the basis of end-user, the market is categorized into men and women. Women segment holds the majority part as the women population uses jewels more due to its symbolization of femininity. Men segment is also anticipated to show favorable growth as they want to own the product as a symbol to showcase their high status, unique styles, and fashion sense.   

Based on geography, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

Drivers and Restraints

Increasing Levels of Disposable Income and Spending of Consumers to Augment Market Growth

Increasing levels of disposable income and rising spending of consumers are anticipated to drive the jewelry market growth. The demand for increasing consumption of luxury goods such as ornaments is propelling the market growth. Additionally, different customs regarding the adoption of ornaments followed by people across the globe are expected to significantly boost the purchase of the product. Increasing number of working populace of women and awareness about modern jewels and premium-class gems will further fuel the market growth.

However, strict regulations on importing and exporting ornament are expected to hamper the market growth.

Regional Insights

Asia Pacific to Govern Owing to the Presence of Major Market Players in the Region

Asia Pacific is expected to have the largest jewelry market share owing to the presence of major players in the region. Tanishq, Malabar Gold and Diamonds, Queelin, Wallace Chan, and others mark their presence in Asia Pacific owing to increasing consumption.

Europe is anticipated to have a substantial growth in the forecast period due to high per capita income in European countries. People have been spending high on ornaments due to high income levels.  

North America has moderate growth due to the presence of many millionaires who are the prime contributors to the increasing purchase of luxurious products.

Competitive Landscape

RJ Scanlan & Co. Expanded its Fine Jewelry Offering by Introducing a Range of Lux Collection

Key market players have been focusing on looks and design of jewels to meet consumers’ ever-changing needs and desires. In June 2021, RJ Scanlan & Co. expanded its fine jewelry offering by introducing a range of the Lux Collection in the Australia market. The collection is crafted with gold, diamonds, color gemstones, and pearls. Every piece is customized to order and essential to environmental sustainability.

Key Industry Development

  • January 2023- Tanishq entered the U.S. market by opening its first store in New Jersey. The store has about 6,500 jewelry designs in 18 and 22-karat gold and diamond.

Reference Link:

https://www.fortunebusinessinsights.com/jewelry-market-102107

Purr-ceptional Growth: Growth and Trends in the Pet Care Industry

The global pet care market size was valued at USD 235.32 billion in 2022 and is projected to grow from USD 246.66 billion in 2023 to USD 368.88 billion by 2030, exhibiting a CAGR of 5.92% during the forecast period. 

Fortune Business Insights™ cites this information in its research report, titled “Pet Care Market, 2023-2030”.

List of Key Players Mentioned in the Report:

  • Mars Incorporated (U.S.)
  • Nestle S.A. (Switzerland)
  • Spectrum Brands Inc. (U.S.)
  • Diana Group (Thailand)
  • The J.M. Smucker Company (U.S.)
  • Unicharm Corporation (Japan)
  • Hill’s Pet Nutrition, Inc. (U.S.)
  • SCHELL & KAMPETER, INC (U.S.)
  • Tiernahrung Deuerer GmbH (Germany)
  • Heristo AG (Germany)

Segmentation:

Pet Food Segment to Record Substantial Growth Impelled by Rising Demand for Nutritious Items

By product type, the market is segmented into veterinary care, pet food products, and others. The pet food segment is expected to expand at an appreciable pace throughout the study period. The surge can be attributed to the increasing demand for nutritious and tasty food items for meeting the daily feeding requirements of pets. 

Dog Segment to Register Considerable Expansion Owing to Healthy Nature of Products

Based on pet type, the market is categorized into cat, dog, and others. The dog segment is estimated to register substantial growth over the projected period. The growth is driven by the healthy nature of products and the happier nature of dogs.

Offline Segment to Gain Traction Driven by Extensive Availability of Products at Various Stores

On the basis of distribution channel, the market is fragmented into online and offline segments. The offline segment is estimated to record considerable expansion over the study period. The escalation is propelled by the growing availability of pet supplies and rising infrastructural settings associated with pet stores.

Based on geography, the market has been analyzed across North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Report Coverage:

The report provides an account of the vital factors boosting the global business landscape throughout the forecast period. It further gives an analysis of the major trends propelling the overall business scenario over the projected period. Additional aspects include merger agreements, acquisitions, and the launch of numerous solutions.

Drivers and Restraints:

Market Expansion Favored by Increasing Government Spending

Pet care market growth is being impelled by an escalation in spending on pet products such as grooming, healthcare, food, and others. The rise is due to increasing infrastructural facilities in several stores which are likely to support the consumption rate of products.

However, the business growth could be restrained by the high cost associated with high-quality products.

Regional Insights:

North America to Lead Driven by Increasing Pet Care Expenditure in U.S. and Canada

North America pet care market share is set to exhibit remarkable expansion throughout the study period. The rise is propelled by the enormous expenditure in Canada and the U.S.

The Asia Pacific market is anticipated to record substantial growth over the forecast period. The surge is driven by the increasing presence of major players and manufacturing facilities in countries such as China and India.

Competitive Landscape:

Key Companies Enter Collaborations to Propel Business Landscape

Major companies are centered on the adoption of an array of initiatives for the consolidation of their market positions. These steps comprise merger agreements, acquisitions, and the rollout of new products. Additional initiatives include a rise in research activities and the development of new solutions.

Key Industry Development:

  • September 2021 – Petmate acquired Platinum Equity. The acquisition would help the company in enhancing investment with regards to manufacturing capabilities and product launches.

Reference Link:

https://www.fortunebusinessinsights.com/pet-care-market-104749

Adaptive Strategies: Exploring Business and Revenue in the Flexible Office Market

The global flexible office market size was valued at USD 30.72 billion in 2022 and is projected to grow from USD 34.75 billion in 2023 to USD 96.77 billion by 2030, exhibiting a CAGR of 15.76% over the forecast period.

Flexible offices provide adaptable workspaces for remote and in-office needs, catering to a wide range of businesses, from freelancers to large corporations. The shift toward hiring based on time zones rather than geography and the willingness of companies to cover these expenses for remote employees have expanded the potential client base for flexible office providers, promoting market growth.

Fortune Business Insights™ provides this information in its research report, titled Flexible Office Market, 2023-2030”.

List of Key Players Mentioned in the Report:

  • International Workspace Group (Switzerland)
  • WeWork (U.S.)
  • Newmark (U.K.)
  • Industrious Office (U.S.)
  • Desana (Scotland)
  • LiquidSpace (U.S.)
  • Flex by JLL (U.S.)
  • BHIVE Workspace (India)
  • SmartWorks (India)
  • ServCorp (Australia)
  • Hubble (U.K.)

Dedicated Spaces Segment Leads the Market Owing to Enhanced Productivity

As per type, the market is divided into dedicated spaces, on demand, and all access. The dedicated spaces segment holds the key share of the market. Dedicated workstations help employees reduce visual and auditory distractions, leading to increased team productivity. This feature is making them an attractive choice for businesses seeking efficient work environments.

BFSI Segment is Slated to Dominate Due to Significant Leasing Activity

Based on the industry, the market is segmented into IT/ITES, BFSI, retail & consumers, and others. The BFSI segment is poised to register highest growth rate during the forecast period. The BFSI sector is experiencing substantial leasing activity, with major global and domestic firms securing significant office space leases. This indicates a strong commitment to expanding their operations, which contributes to the growth of the BFSI segment.

Large enterprise Segment to Rule the Market owing to Changing Work Dynamics

Based on the application segment, the market is segmented into large enterprise, SMEs, and start-up/freelancers. Large enterprise segment is likely to exhibit a high CAGR during the study period. The changing work dynamics due to events such as COVID-19 have driven large enterprises to create more suitable work environments. These environments boost employee engagement, which leads to a higher demand for such products in large enterprises. 

In terms of region, the market is categorized into Europe, North America, the Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The market research report on flexible offices provides an in-depth examination of the market, with a particular emphasis on critical components including the competitive landscape, services, and leading product types. Additionally, the report provides valuable market insights and highlights noteworthy industry developments.

Drivers and Restraints:

Rising Popularity of Small Businesses and Freelancers to Propel Market Expansion

The rising popularity of small businesses and freelancers, often operating with budget constraints, has significantly increased the demand for flexible office spaces. These spaces offer cost-effective solutions, granting access to professional work environments without the financial burdens of traditional office leases. This appeals to startups and individuals seeking to manage expenses efficiently, further driving flexible office market growth.

However, the perceived risk of data breaches or theft in shared co-working spaces can deter businesses, particularly those dealing with sensitive information,

Regional Insights:

North America Dominated the Market Due to Changing Work Styles

The North America flexible office market share held a prominent position in the market. The adoption of flexible office arrangements in the U.S., especially in major cities such as Manhattan and San Francisco, is driven by changing working styles, which has led to exceptional market growth.

Government backing and promotion of flexible workspaces in Asian countries, exemplified by initiatives in Sydney and Japan, are pivotal factors driving the Asia pacific region growth.

Competitive Landscape:

Key Participants are Offering New Services and Amenities to Retain their customers

Competition is heating up in the flexible office space market, driven by the escalating rivalry among coworking spaces. To distinguish themselves, businesses are rolling out new services and amenities such as health and wellness clubs, cafeterias, private offices, and event spaces. These additions play a crucial role in both attracting fresh members and retaining existing ones.

Key Industry Development:

  • July 2023: IWG had opened two new workspaces in the UAE, responding to the country’s increasing adoption of hybrid working. These coworking spaces met the growing demand for product, offering businesses and employees more flexible operating options.

Reference Link:

https://www.fortunebusinessinsights.com/flexible-office-market-108702