UV Sanitizer Travel Wand Market Size Worth $209.9 Million By 2027

The global UV sanitizer travel wand market size is anticipated to reach USD 209.9 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.6% from 2020 to 2027. The increasing rate of infectious diseases in hospitals, low power consumption, and ease of portability for cleaning small objects in the home and commercial spaces are major factors driving the product demand. Increasing usage of the product in order to prevent cross-contamination and reduce pathogens, bacteria, and germs on objects is acting as a major driver for the market.

Companies in the market are focusing on gaining market share by increasing expenditure on advertising via social media and introducing new products in the market. For instance, in June 2020, Spark Innovation LLC launched a new UV travel wand with a light wavelength of 240-280nm and is certified by FCC, CE, and RoSH. Additionally, to save power and improve safety, the travel wand has a smart auto timing off in 180 seconds and an extra thoughtful Child lock to avoid kids’ misuse. This factor is acting as a major driver for the market.

The recent outbreak of coronavirus disease (Covid-19) is estimated to increase the adoption of UV sanitizer travel wand among consumers. In terms of application, the residential segment held the largest share in 2019 and is estimated to be the fastest-growing segment from 2020 to 2027. Rising awareness among consumers pertaining to a number of infectious bacteria present on the daily used objects is acting as a major driver for increasing the adoption of UV sanitizer travel wand. The commercial segment is estimated to witness growth in the coming years owing to rising demand from the healthcare sector. As per Shenzhen UVLED Optical Technology Co. Ltd., from January to February 2020, the company’s brand 59S has sold over 8000 units per day and 1000+ hospitals were using the company’s brand 59S UV travel wand owing to the recent outbreak of Covid-19 in China.

The offline distribution channel dominated the market with a revenue-based share of 69.3% in 2019. Brick and mortar is the most preferred distribution channel due to their provision of detailed instructions about usability by the product specialists. Many consumers in the market prefer purchasing from the stores to find the right fit as per their convenience and get the right product as per their needs.

North America dominated the market with a revenue-based share of 40.5% in 2019. Demand in the region is high as consumers in the region are more aware and willing to spend on innovative and value-added products. Mature and higher expenditure power of the healthcare sector in this region is resulting in increasing adoption of products to reduce the number of hospital infectious diseases.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/uv-sanitizer-travel-wand-market

Further key findings from the study suggest:

The residential application segment dominated the market with a share of 63.1% in 2019
The online distribution channel is expected to expand at the fastest CAGR of 13.6% from 2020 to 2027
Asia Pacific is expected to witness the fastest growth over the forecast period with a revenue-based CAGR of 13.9% from 2020 to 2027

Enhanced Water Market Size Worth $11.3 Billion By 2027

The global enhanced water market size is expected to reach USD 11.3 billion by 2027, expanding at a CAGR of 8.3%, according to a new report by Grand View Research, Inc. These products are extremely popular among people suffering from kidney stones, bladder infection, fever, vomiting, and diarrhea. Enhanced water is also highly recommended for pregnant and breastfeeding women. Moreover, these products are consumed by people involved in a high-intensity workout and sports enthusiasts. Increasing the adoption of enhanced water among all age groups is expected to positively influence market growth. Health benefits associated with these products, along with the rising interest of millennials in sports and fitness-related activities, play a substantial role in boosting the demand for electrolyte hydration drinks. Moreover, increasing the number of product launches to suit the changing need of customers is driving market growth.

In June 2020, Daily Edge launched a new Enhanced Fruit Drinks, which is intended for providing support to increase hydration level and improve gut functions. It claims to provide a natural performance boost to its consumers. The product is available in flavors such as coconut citrus, berry punch, blood orange mango, and tropical ginger. The company claims that the product is 100% natural, free from caffeine and dairy, with no-GMO ingredients, and does not require to be refrigerated.

Consumers are focusing on purchasing hydration beverages owing to the associated health benefits such as digestion and circulation and for enhancing their appearance since adequate hydration leads to clearer and healthier skin. Such benefits are expected to drive the consumption of electrolyte hydration drinks among health-conscious consumers. The shifting interest of millennials towards sports and fitness activities is expected to further drive the market across the globe.

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https://www.grandviewresearch.com/industry-analysis/enhanced-water-market

Further key findings from the report suggest:

Flavored products registered a sale of USD 3.6 billion in 2019. The product is preferred as it is a perfect replacement for all modern beverages that are not considered appropriate for health but yet are consumed because of their taste
The plain product category is expected to account for the largest revenue share during the forecast period with a CAGR of 8.6% from 2020 to 2027. These products are the perfect replacement for regular water and have the least possibility of having a certain color or flavor added to them.
The online distribution channel is expected to register the fastest CAGR of 8.9% during 2020 to 2027. The dominance of Generation Y, Z, and Alpha in the consumer segment who are more into shopping through the electronic media is driving the segment
In Asia Pacific, the market is expected to register a CAGR of 8.9% from 2020 to 2027. Rising spending on fitness among millennials in developing economies including China and India is expected to promote the scope of products such as hydration drinks among buyers.

Superfood Powders Market Worth $7.11 Billion By 2027

The global superfood powder market size is expected to reach USD 7.11 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. The demand for the product has been growing significantly over the world owing to its various health benefits. It helps to improve the immune system, natural detoxification, and metabolism. It is also a rich source of vitamins, fibers, and minerals. With the shifting consumer preference towards organic and natural diet, the food and beverage industry has been incorporating this product in several products.

In terms of product, the organic segment is expected to expand at the fastest growth rate over the forecast period. Manufacturers have been expanding their organic portfolio by introducing new products. For instance, in March 2029, Brandless, a U.S. based company, launched 15 new products, which include superfood powders, vitamins, essential oils, and supplements. The powder products comprise matcha, plant protein, and maca. All of its products are organic, gluten-free, and vegan.

North America held the largest market share of more than 40.0% in 2019. High consumption in countries, such as the U.S. and Canada, is anticipated to boost market growth during the forecast period. Furthermore, several major producers are based in the region. Over the past few years, consumers have been adding the product in numerous food and drink items in order to obtain the health benefits of the product.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/superfood-powders-market

Further key findings from the report suggest:

The organic product segment is expected to witness the fastest growth during forecast years with a CAGR of 6.7% from 2020 to 2027. Growing demand for organic products among the health-conscious consumers is expected to fuel the segment growth over the next few years
The online distribution channel is expected to witness the fastest growth during forecast years with a CAGR of 7.5% from 2020 to 2027. An increasing number of companies launching e-commerce websites is boosting the online sales of the product
Asia Pacific is expected to witness the fastest growth during forecast years with a CAGR of 7.4% from 2020 to 2027. The rising importance of health wellness among millennials in developing countries, including China and India, is expected to remain a favorable factor for the industry growth
North America dominated the market and accounted for over 40.0% share of the global revenue in 2019. Wide penetration of the product in the U.S. and Canada is expected to be a key reason behind the growth.

Household Slicer Market Worth $475.2 Million By 2027

The global household slicer market size is expected to reach USD 475.2 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% from 2020 to 2027. The growing trend of cooking as a hobby among younger millennials is driving the product demand. Consumers are cooking at home often due to the easy availability of recipes online and focusing on adopting a healthier lifestyle. In order to increase their market share, companies are focusing on social media marketing and increasing the supply of products in the market via home improvement centers and e-retailers.

Before the outbreak of COVID-19, salaried professionals and working couples in metro cities and large towns preferred eating out or ordering from nearby food outlets. But individuals had to resort to homemade food over the past six months. An increasing number of people have taken to social media platforms to discover new recipes and post pictures and videos of the food prepared. This has driven consumers to switch from regular cookware and kitchen utensils to more advanced tools that not only have better functions but are also aesthetically appealing.

The rising popularity of modular kitchens has resulted in higher instances of kitchen remodeling, thereby propelling the demand for cooking equipment and tools, such as slicers. Consumers are also increasing their expenditure on kitchen tools as open kitchens are trending and ambiance has become a focal point of social gatherings.

The growing trend of house parties in western countries has resulted in consumers investing in cooking equipment, such as household slicers, in order to be well-equipped while preparing dishes. Moreover, food is a large part of festivals and other events that are typically celebrated at home, thereby driving the use of a professional set of slicers. The residential sector is anticipated to create high demand for household slicers with a rise in barbeque parties and the growing popularity of outdoor grilling as a form of leisure.

Increasing preference for modular kitchens, coupled with rising living standards, is driving the demand for slicers in the residential sector. In addition, the thriving residential sector is widening the scope of kitchen products across the globe. Over the past years, governments have been taking initiatives to promote advanced and sustainable residential constructions. For instance, according to the National Bureau of Statistics of China, in 2017, the total investment in real estate in China was around USD 1,628.31 billion, out of which, the investment for residential buildings was around USD 1,114.44 billion, which is 9.5% higher as compared to the previous year, 2016. Such growth in the residential sector is expected to propel the demand for kitchen tools in the region over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/household-slicer-market

Further key findings from the report suggest:

By product, manual slicers led the market and accounted for a revenue share of 73.6% in 2019
Asia Pacific is expected to register the fastest CAGR of 6.2% from 2020 to 2027. Demand is anticipated to grow in the region due to an increase in the purchasing power of consumers and the rising preference for experimenting culinary skills
Offline distribution channels dominated the market by accounting for an 85.4% share of the global revenue in 2019.

Gas Fire Table Market Size Worth $116.6 Million By 2027

The global gas fire table market size is expected to reach USD 116.6 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.0% from 2020 to 2027. Gas fire tables have emerged as one of the most popular trends among the residential owners looking to upgrade and model their outdoor living areas.

A Better Homes and Gardens survey reveals that 51% of the millennials decorate their outdoor living space as they would an indoor dining or living room and 77 percent say they want their outdoor living space to feel like a relaxing retreat. The survey also shows millennials are interested in upgrading their outdoor spaces with landscape lighting (27%), a fire pit (26%), lamps or party lights (24%), and comfortable outdoor seating, dining sets, and other accessories (24%) to create a cozy environment in the outdoor spaces.

The natural gas-based fire tables are expected to witness the highest growth in the coming years owing to its lightweight and ability to dissolve rapidly, which leaves very little room for accidental ignition. Propane based fire tables allow the users to make a fire during burn bans in certain areas. Propane pits also generally emit less heat than a large wood-burning fire pit, thereby driving the demand for this product.

Consumers have been preferring offline distribution medium due to discounted prices and budget-friendly offers provided by retailers, which has driven more customer footfall in physical stores. Moreover, the availability of varied quality gas fire tables at an affordable rate offered by local manufacturers is likely to attract a greater number of customers to offline channels. Strong localized positioning and increased focus on customer needs and experience are the major factors that are expected to foster the growth of this distribution channel segment.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/gas-fire-table-market

Further key findings from the report suggest:

Propane based gas fire table held the largest share of 77.4% in terms of revenue in 2019
The natural gas-based gas fire table is expected to register the fastest CAGR of 10.0% from 2020 to 2027
The offline channel of distribution led the market and accounted for 89.2% share of the global revenue in 2019
The online distribution channel is expected to witness the fastest growth during forecast years with a CAGR of 10.3% from 2020 to 2027.

Luxury Footwear Market Worth $49.01 Billion By 2027

The global luxury footwear market size is anticipated to reach USD 49.01 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.6% from 2020 to 2027. The rising number of millennials across the globe has been a prominent reason for fueling the market growth. According to the Wealth-X report, in 2018, the global high net worth millionaires hold over USD 61 trillion in combined wealth. Moreover, the population of millionaires rose by 1.9% in 2018 compared to the previous year to reach 22.4 million.

Formal shoe luxury footwear led the market and accounted for 58.3% share of the global revenue in 2019. With the growing demand for luxury shoes among the millennial population worldwide, many luxury footwear brands have started catering to the casual shoe category to gain the attention of the consumers. For instance, in 2018, KIZIK design, a luxury footwear brand, announced the launch of its patented hands-free technology that offers automatic fit to the wearer. The shoes come without shoelace and when worn, the technology ensures that shoes are flexibly opened to let the foot go in without the involvement of the hands.

The casual shoe segment is anticipated to be the fastest-growing segment with a CAGR of 5.8% from 2020 to 2027. New product launches in sustainable space, latest styles, fashion shows by famous personalities, and celebrity endorsements in luxury footwear are among the major reasons attracting varied set of consumers worldwide.

The COVID-19 (coronavirus) outbreak is likely to reduce the demand for luxury footwear across the globe. Store closures due to lockdown measures have resulted in grim consequences, with sales of footwear and accessories from both offline and online channels declining consistently. For instance, sales data reported for Amazon between mid-February and mid-March 2020 showed that apparel and footwear sales fell by an average of 40 percentage points. Consumers have become more conscious of their spending habits and tend to avoid buying frivolous or luxury products, which is a major challenge for the market.

The women segment led the market and accounted for 47.2% share of the global revenue in 2019. The increasing participation of women in corporate roles has raised the number of first-time buyers of luxury footwear across the globe. According to the data from the United States Department of Labor, in 2018, close to 45% of the workforce in the U.S. were women. A large number of women are opting for unique and luxury footwear to experience products of high quality and portray a certain image in the society.

Offline distribution channels dominated the market and accounted for a 75.9% share of the global revenue in 2019. Wide product range, offers, and discounts attracting a larger number of consumers are the key strategies opted by such channels to increase revenue and footfall in any store. In addition, consumers have the propensity of physically verifying the making, durability, and the uniqueness of the luxury footwear in person by visiting a store as these examinations offer them more confidence to buy the product.

The online distribution channel is expected to witness the fastest growth over the forecast period. The rising popularity of e-commerce channels among the manufacturers and high internet penetration has been driving the sales through this channel. In addition, an increase in the number of luxury private sales websites, such as gilt.com, ruelala.com, and hautelook.com, has been boosting the segment growth.

North America dominated the market for luxury footwear and accounted for 29.1% share of the global revenue in 2019. Growth in the market is powered by the strong presence of high net worth individuals (HNW) in the region. According to a report by Wealth-X, in 2018, New York was the home to the most HNW individuals in the world that is 65% larger than the second city in the world. The people in this region have high disposable income and affluence for luxury products, which is fueling the regional market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/luxury-footwear-market

Further key findings from the report suggest:

By product, formal shoe luxury footwear led the market and accounted for 58.3% share of the global revenue in 2019. The rising importance of luxury footwear as a reflection of one’s professionalism at the workplace, particularly in corporate and fashion industries, is expected to remain a prominent factor augmenting product demand
By distribution channel, the online segment is expected to witness the fastest growth throughout the forecast period. The increasing availability of a wide range of luxury footwear of different brands, free delivery, and seasonal discount on e-retailer platforms are among the major reasons driving the segment
Asia Pacific is expected to register the fastest CAGR of 6.0% from 2020 to 2027. Social media marketing campaigns, growing preference for luxury footwear by millennials, and increasing disposable income have been boosting the number of first-time buyers, thus driving the market in the region.

Surfing Apparel & Accessories Market Size Worth $1.56 Billion By 2027

The global surfing apparel and accessories market size is expected to reach USD 1.56 billion by 2027, expanding at a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing participation of people in water sports, coupled with growing popularity of surfing as a fitness activity, is a major factor driving the market.

Surfing has been highly perceived as a game of the youth and has emerged as an indicator of active and physically exhilarating sports among young minded people. Enthused by the opportunities existent in this space, a large number of players have been venturing in the surfing industry to develop technological advanced equipment and accessories, which will, in turn, have a positive influence on the surfing apparel market. For instance, in October 2016, Trinity Board Sport announced the launch of a surfboard based on parabolic rail system technology. The board offers 20%-30% more volume than a conventional surfboard, thus offering high degree of balancing and significant performance advantages.

Based on product, surf apparel held the largest share of 77.3% in 2019 and is expected to maintain its lead over the forecast period. Increasing product innovation by leading manufacturers, such as Quiksilver, Channel Islands Surfboards, and Firewire Surfboards, is fueling the segment growth. For instance, in July 2019, Billabong, an Australia-based company announced the launch of a graphene-enhanced surfing apparel named Furnace Graphene. This product is intelligently designed where graphene wrapped yarns trap and retain heat more efficiently, thereby offering warmth to the wearer.

North America emerged as the largest regional market and accounted for a share of 47.3% in 2019. Predominating presence of a well-established water sports/surfing infrastructure in the region is one of the key factors driving the market.

Asia Pacific is expected to be the fastest growing market with a CAGR of 6.0% from 2020 to 2027. International tourist arrivals and tourist expenditure on water sports have set the tone for surfing sports in the region. Many prominent beaches in the region such as Kuta beach in Indonesia, Weligama beach in Sri Lanka, Pansea in Thailand, and Bai Dai beach in Thailand have been gaining traction among the tourists as a popular destination for surfing. These practices have increased the visibility and acceptability of the sport in the region.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/surfing-apparel-accessories-market

Further key findings from the report suggest:

By product, surf accessories are expected to expand at the fastest CAGR of 5.7% from 2020 to 2027. Increasing demand for accessories, such as wetsuit booties and reef socks, among professional surfing enthusiasts has been driving the segment
Online distribution channel is projected to expand at the fastest CAGR of 5.9% from 2020 to 2027. The online retailers offer a wide range of surfing apparel and accessories with special pricing and great discounts seasonally offered, which is a key factor enhancing the segment growth
Asia Pacific is anticipated to be the fastest growing market with a CAGR of 6.0% from 2020 to 2027 as a result of changing consumer viewpoint towards adventure water sports
Major manufacturers are adopting various methods for developing eco-friendly outdoor clothing or apparels. For instance, in November 2019, Finisterre, a U.K.-based company, collaborated with Innovate UK’s Knowledge Transfer Partnership and the University of Exeter to design wetsuit techniques that would save close to 380 tons of discarded wetsuits sent to landfill every year in U.K.

Processed Mango Products Market Size Worth $25.55 Billion By 2025

The global processed mango products market size is expected to reach USD 25.55 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.4% during the forecast period. Increasing demand for fruit-based food and beverages is anticipated to the primary growth driver.

Secondary processed mango products occupied the largest market share in 2018 owing to increasing demand for the juices. Mango is one of the most consumed and cultivated fruits in India. To leverage the consumer preference for mango flavor and increase product offering, Coco-Cola launched a new mango-flavored premium juice – Maaza Gold in December 2017. Similar product launches in different regions are expected to drive the demand.

Primary processed product segment, on the other hand, is anticipated to witness significant growth owing to increasing export and consumption of mango pulp. The pulp and concentrates are used to make carbonated beverages, juices, confectioneries, jams, and marmalades among others. Increasing application of the pulp in various food and beverages is expected to further propel the segment growth.

Online distribution channel segment is anticipated to register the fastest CAGR over the forecast period, due to growth of e-commerce and digital marketing. Introduction of online grocery websites like Walmart, Costco, and BigBasket among others is expected to drive the overall food and beverage market via online distribution. This is expected to positively influence online sales of processed mango products over the forecast period. Key manufacturers are launching their own websites and are investing in efficient logistics and customer services to increase online sales and to improve their market reach.

Asia Pacific held the largest market share in 2018 due to the presence of the major players as well as concentration of global production of the fruit in countries like India and China. Moreover, the regional production is expected to increase due to rising demand from the countries like Japan. North America, on the other hand, is expected to register the fastest CAGR during the forecast period, attributed to high demand for mango flavored food and beverages coupled with rise in demand for organic mangoes. U.S. is one of the major importers of mangoes and mango-based products.

In March 2019, Amul entered the fruit juice market by launching ‘Amul Tru’ in mango, orange, apple, and lychee variants. This packaged fruit drink is Amul’s strategy to compete with Frooti, Mazaa and other drinks in the global market. In April 2018, Bisleri launched Bisleri Fonzo, a mango-based carbonated beverage to increase its product offering and serve the consumers who prefer mango-based beverages.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/processed-mango-products-market

Further key findings from the study suggest:

Primary processed product segment is expected to ascend at a CAGR of 6.9%, attributed to the rise in demand for the pulp in confectioneries, smoothies, and beverages
Offline distribution channel accounted for the maximum processed mango products market share in 2018 and is anticipated to continue leading over the forecast period
In Middle East and Africa, countries like UAE and Saudi Arabia are expected to witness a rise in demand due to increased exports from India, Pakistan, and Kenya.
Mexico has opened its market to import of dried mango slices from India after conducting a thorough pest risk analysis of the product consignments. This factor is anticipated to bode well for the overall growth in near future

Whipping Cream Market Size Worth $10.3 Billion By 2025

The global whipping cream market size is expected to reach USD 10.35 billion by 2025 registering a CAGR of 8.1%, according to a new report by Grand View Research, Inc. Rising consumption of foods, such as pies, ice creams, cupcakes and cakes, puddings, scones, milkshakes, hot chocolate, espresso drinks, and coffee drinks, is expected to remain a favorable factor for the market growth.

Furthermore, rising awareness about the health benefits of whipping creams, such as improved bone health and immune system, due to the presence of vitamins A, D, E, K, and choline. Companies are investing more in product development to increase their market share. For instance, in August 2018, Kraft Heinz partnered with Hershey’s and launched Milk Chocolate Dairy Whipped Topping and Peanut Butter Cup Dairy Whipped Toppings.

In Feb 2019, Amazon launched new private label Happy Belly brand in its dairy and beverage product line. Under this brand umbrella, the company will sell numerous product variants including half and half, heavy whipping cream and dairy whipped topping. In March 2019, DuPont Nutrition & Heath launched Grindsted WP 300 Flexwhip, a sugar-free non-dairy whipping cream. In May 2019, Gay Lea, a Canadian milk and dairy products company, launched a new non-dairy vegan real coconut whipped cream.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/whipping-cream-market

Further key findings from the study suggest:

The dairy product segment accounted for the largest market share of more than 60% in 2018 and will continue to expand further at a steady CAGR from 2019 to 2025
The B2B application segment is expected to register the fastest CAGR of 8.2% from 2019 to 2025
Europe is expected to be the largest regional whipping cream market accounting for a market share of more than 35% by 2025
Online distribution channel is expected to be the fastest-growing segment at a CAGR of 8.5% from 2019 to 2025

Gym Bag Market Size Worth $1.8 Billion By 2025

The global gym bag market size is expected to reach USD 1.8 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.9% CAGR over the forecast period. The growth in the market is driven by increasing consumer consciousness regarding fitness and the availability of various products and accessories to suit individual needs. Moreover, rapid growth of the fitness and wellness sector in Asia and South America, along with rise in sales of health and fitness equipment, accessories, and products used in the industry and increasing presence of health clubs and fitness centers in these regions are contributing to the growth of this market.

The market is also driven by increasing purchasing power of consumers in developing countries in recent years, which has propelled product demand. Growth of the middle-income population group in these countries has resulted in higher disposable income in recent years. This has enabled them to opt for on-trend, fashionable, and premium products in the health and fitness sector. Surge in new product launches and the impact of ecommerce are other key factors driving the global market. Leading manufacturers are looking to cater to varying consumer requirements when it comes to a gym bag. These are then being made available across a host of online and offline distribution channels.

Increasing number of people turning to healthier lifestyles has also inspired several multinational companies to encourage their employees to take up health and fitness club memberships, a trend that is likely to give the market a boost. Gym bags that are compatible with various smart and connected devices is a lucrative opportunity for players in the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/gym-bag-market

Further Key Findings from the Report Suggest:

In terms of revenue, duffle bags are projected to register a CAGR of 7.5% over the forecast period
The offline channel led the market with a share of 86.6% in 2018. Varied products sold at supermarkets, hypermarkets, specialty stores, and others play a critical role in driving this segment
North America dominated the global gym bag market in 2018, accounting for 38.3% of the revenue that year. This trend is projected to continue over the next few years
A growing health and fitness industry, fueled by increasing awareness regarding fitness and well-being among consumers, is expected to propel the market
With increasing disposable income in India, South Korea, China, and Japan, these markets offer lucrative opportunities for growth in Asia Pacific
The industry is highly competitive in nature with the main players being JensenLee; Everlast Worldwide, Inc.; Chateau Manufacturing; Harissons; Nike, Inc.; ToteBagFactory; Herschel Supply Co. USA; and Adidas AG
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovations to estimate existing and future demand patterns from upcoming product segments