Consumer Goods

Electric blankets are comparatively less expensive than heaters and are of great use in countries with long and harsh winters. Companies have been focusing on developing well insulated sheets lined with thick fleece to provide ample natural insulation and warmth. They are also introducing products that can be washed and are portable. For instance, Medisana HDW designed a blanket that is machine washable and is made out of microfiber fleece.

Rapid urbanization and rising awareness about leading a healthy lifestyle are also projected to support market growth. Increased tobacco consumption in countries, such as China and India, has resulted in rising cases of dental problems, particularly tooth decay and gum diseases. Thus, rising demand for dental procedures is fueling the market growth. Rapidly expanding medical tourism sector across the globe will drive the market further.

Rising spending on smart home technology on account of increasing living standards and luxury among middle-class household population is expected to be a key factor for the market growth. Moreover, increasing number of luxury hotels as a result of growth of the tourism sector in countries including Germany, France, China, and India is projected to expand the scope of smart bathroom accessories, such as faucets.

Usage of printed tissue paper has increased in the past few years on account of rising consumer inclination towards western standards in developing countries including India and China. Moreover, the population is attracted towards the printed tissue papers in order to portray their social status and display a style statement to society.

Demand for healthy biscuits is increasing due to the active lifestyle of the consumers who look for convenient eating options. Rising demand for healthy snacks, coupled with high per capita food consumption, especially in developing countries such as India and China, is contributing to the growth of the global market. Moreover, packaging innovations and an increase in the number of fitness enthusiasts are expected to boost healthy biscuits market growth.

Increasing consumer awareness regarding the harmful effects of high sugar content, artificial colors, additives, and preservatives has encouraged bakery and confectionery manufacturers to use yogurt-based powder. Moreover, the product has a longer shelf life than fresh yogurt which is beneficial for the confectionery and bakery manufacturers as it prevents wastage.

The rising demand across the food industry, along with increased per capita consumption in the U.S. and the U.K., is a key factor driving the market for grain mill products. Availability of effective technologies for preparation of bread, noodles, kinds of pasta, and other flour-based products has contributed to the growth of the grain mill products market.

Zero waste shampoos are made of organic and natural ingredients. Most of these products are 100% biodegradable and vegan and packaged using recyclable and eco-friendly materials, making them less harmful to the skin as well as the environment.

Wet wipes with alcohol concentration above 60% fall under the category of alcohol wipes. Consumers use the product for pain relief in case of insect bites, minor burns, and scratches as alcohol disinfects the affected area and eases the pain. Isopropyl is a major ingredient in alcohol wipes, which helps prevent the growth of various microorganisms, such as diarrhea virus, hepatitis B and C, mycobacterium tuberculosis, and Human HIV-1.

The rising popularity of healthy alcoholic drinks is also driving product demand. In addition, rising acceptance of ethnic drinks in developed regions and the advent of alcoholic high-strength premixes with natural and health-promoting ingredients are anticipated to propel the product demand. Furthermore, growing investments by bars and pubs in low spirit flavored beverages will boost the product demand.

Folding bicycles have the ability to work as conventional bicycles with lightweight, enhanced flexibility, compactness, and additional merit of traveling through metros and subways. The consumers can keep these cycles inside their home as they take very small space. Consumer awareness pertaining to environmental pollution, fitness, and personal health are expected to promote the utility of the foldable bicycle in the upcoming years.

The two major companies: PepsiCo and Coca Cola have been focusing on introducing healthy and low sugar content soft drinks with an aim to gain a larger share in the market. These companies have introduced diet versions of their soft drink products in different flavors to tap the health conscious consumers. For instance, Coca Cola had launched Diet Coke in different flavors and no sugar beverages in the untapped smaller markets such as New Zealand. For instance, Keurig Dr Pepper, Inc. offers a large variety of diet soft drinks such as Canada Dry diet ginger ale, Sunkist Soda in diet orange flavor, and Diet Rite to name a few. Similarly, Schweppes offers diet tonic water, which is consumed as a soft drink.

The sale of DSLRs is going down but the camera straps and accessories market still poses opportunities due to growing requirements from professionals associated with travel, tourism, wildlife, and occasion photography. Camera straps are used in the production of videos, documentaries films, music, and various other entertainment platforms. Growth in the global entertainment and media industry at the global level is expected to play a crucial role in increasing the use of these straps among the photographers of the aforementioned industry.

Growing consumers’ spending on adventure sports activities, coupled with increasing number of shooting clubs across the globe, is driving the market. Large number of baby boomers and generation X population prefers to purchase this product as it is a very popular sports activity to spend leisure time. These age groups use this product for target shooting, hunting, and adventure sports activities. Companies are coming up with airsoft fields to increase consumer engagement in adventure sports activities.

Launch of innovative products with improved design is a main factor driving demand for tankless water heater over the forecast period. For instance, in 2019, companies including Rinnai and Raheem have launched energy efficient water heaters for the residential sector. Their products are equipped with Wi-Fi and voice recognition, which allow the users to remotely monitor temperature and water circulation when required through smartphone.

Electric products held a leading market share in 2018 and is anticipated to witness the fastest growth in the coming years. Rapid increase in adoption of these heaters among the residential and commercial sectors is expected to boost market growth over the forecast period. Many homeowners are increasingly adopting electric tankless water heaters due to their energy efficiency and low maintenance and operating costs associated with them. In addition, these products are generally less expensive and have longer warranties as compared to gas counterparts.

Pea flakes are high in calories and act as a tempting snack for pets since they are easily digestible. Moreover, they have more consistency and high solubility in water that makes them quite sustainable aqua feed and can be consumed by juvenile fishes as well. These factors are expected to generate more demand for this market over the coming years.

Growing awareness regarding health benefits offered and rise in incorporation of pea flakes as a staple food are expected to remain a key driving factor. Furthermore, increasing application of yellow and green pea flakes as an animal feed and aqua feed is fueling the demand for these products.

Increasing consumption of vegetable and fruit juices due to rising awareness about maintaining a healthy lifestyle will also fuel product demand. Moreover, advent of new flavors and products with enhanced protein and mineral contents will have a positive impact on the market growth. In addition, rising demand for easy-to-store & -serve non-alcoholic beverages is anticipated to increase the product demand in the coming years.

The full-size products come with two separate inner chambers that can separate bed in two sides, one side can be firmer or softer than the other side depending on customer preference. A large number of consumers prefer to purchase this product as it is the only solution to sharing bed disputes. These mattresses are available in different sizes, which makes them convenient for indoor as well as outdoor usage.

A healthy diet and consumption of the right amount of nutritional components are of utmost importance right from the time of conception, to ensure the delivery of a healthy baby. At present, almost all obstetricians in the U.S. recommend these supplements to pregnant women. A study by the UC Davis MIND Institute has claimed that the women who were observed not taking daily prenatal immediately before and during the first month of pregnancy were likely to have a child with an autism spectrum disorder, which is twice the rate as that of women who consumed the supplements. Besides, the sale of prenatal supplements has increased owing to an increase in income levels and promotional initiatives by the market vendors.

Growing awareness regarding the health benefits of the product, such as weight management and better digestion, is expected to drive the demand over the forecast period. Rising health consciousness and demand for healthy food products are also among the key factors expected to boost the market growth in the next few years.

Rising usage of reduced fat butter as a substitute for traditional butter is also boosting the market growth. In addition, constant product innovation by key companies will contribute to the demand. For instance, Amul Milk Union Ltd. introduced Amul Lite. It does not have preservatives and is low in saturated fat content. It also contains vitamins and omega-6 and -3, which help maintain healthy cholesterol levels. Store-based distribution channel segment held the largest of the global market in 2018.

Shifting consumer inclination towards on-the-go environmental friendly products due to increasing awareness related to depleting energy resources is a main factor driving the sales of portable solar charger over the forecast period. Moreover, government bodies in India and Africa provide subsidies on rechargeable products such as lanterns, lamps, torch, and batteries in order to increase energy access to people not connected to electric grid. In addition, increasing penetration of mobile phones in the rural parts of Africa and India is expected to create huge opportunity for these chargers in upcoming years.

Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.

The consumers have been shifting towards vape cartridges due to the ability to control daily nicotine dosage. Companies offer e-juice with a large number of variants ranging from high-strength nicotine to nicotine-free. The buyers can choose the exact amount of nicotine they require to vape. Another advantage of this vape cartridge is the ability to control the exhale vapor amount.

The industry participants are designing smaller devices such as pod vapes with low vapor, although the high-powered mods are better suited for cloud chasing. Vapor volumes can be adjustable by changing the airflow, power output, and coil type. Furthermore, the customization options offered by various manufacturers and rapid new product development are expected to expand the market size for vape cartridges over the next few years.

The culture of smoking vape cartridge is developing among the millennial generation due to its attractive looks and less harming nature. Increasing consumer awareness with respect to various studies conducted by medical associations that term vape and e-cigarette as safer than traditional cigarettes. Strict government regulations on manufacturing vape cartridge in countries including the U.S. and Germany is expected to have a negative impact on the industry growth. It has been observed that many countries have banned the sale and distribution of vapor products.

The low rate of oral, lung, and pancreatic cancers and respiratory diseases associated with the use of the product is a major reason for its adoption among tobacco addicts. In the process of manufacturing snus, the tobacco is steam pasteurized and not fermented like other types of smokeless tobacco. This inhibits the growth of microbes that form a cancer-causing chemical known as tobacco-specific nitrosamines, which is commonly found in other smokeless tobacco products.

Snus is also less harmful compared to inhaling nicotine through combustible tobacco products. According to a research published by the International Journal of Cancer named “Use of moist oral snuff (snus) and pancreatic cancer”, in 2017, it was concluded that there was no relation between snus use and risk of pancreatic cancer as the nitrosamine level is low in snus than in tobacco smoke.

Increasing inclination of the consumers towards organic food is also observable across the globe. This trend has widened the scope of canned legumes. Furthermore, manufacturers of canned legumes are using less sugar and salt in their products owing to rising consumers’ concern about the ingredients. Lately, there has been a significant rise in the demand for small serving cans that serve single person.

Europe led the market with more than 50.0% share in 2019. High demand for convenient food, along with growing vegan population, has driven the market in Europe. In addition, increasing popularity of the ethnical cuisines, such as Japanese, Mediterranean, and Indian, is boosting the demand for several beans and pulses including chickpeas, lupin beans, adzuki beans, fava beans, and lentils.