Shampoo Bars Market Size Worth $17.0 Million By 2025

The global shampoo bar market size is expected to reach USD 17.0 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.6% over the forecast period. Increasing awareness regarding environmental friendliness and sustainability among consumers is expected to shift the focus towards zero plastic wastage associated with the personal care products packaging. In addition, growing application of organic hair care products as a result of rising concerns over hazardous effects associated with synthetic counterparts is a key driving factor.

The global market is fragmented in nature due to the presence of a large number of players. Furthermore, rising number of new entrants has increased the market competition as companies are providing innovative and customized products. Manufacturers are adopting various marketing strategies in order to increase the product visibility and product penetration. For instance, in January 2019, Lush Retail Ltd. inaugurated its first packaging free “Naked” cosmetics exclusive outlet in Manchester, U.K. The company aims to reduce plastic wastage from the cosmetic and personal care industries. These initiatives are likely to fuel the demand for shampoo bar in the foreseeable future.

Asia Pacific is expected to be the fastest growing regional shampoo bars market with a CAGR of 8.2% from 2019 to 2025. Over the past few years, recycling of plastic has become a critical concern in Australia. According to the National Waste Report 2018 published by the Department of the Environment and Energy, in the year 2016-17, Australia generated around 103 kg per capita of plastic waste. Out of which, 87% of the plastic wastes went to the landfill, 12% was recycled, and just 1% of the waste was converted into the energy from a waste facility.

This huge plastic wastage is becoming a burden on the environment. In order to eradicate this problem, in 2018, the Department of the Environment and Energy, Australia, announced to ban microbeads from the cosmetic and personal care products packaging. These government initiatives are likely to support the demand for shampoo bar, which comes with no packaging.

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https://www.grandviewresearch.com/industry-analysis/shampoo-bar-market

Further key findings from the study suggest:

Online distribution channel is expected to generate a revenue of USD 11.9 million by the end of 2025
Asia Pacific is projected to expand at the fastest CAGR of 8.2% from 2019 to 2025
In terms of revenue, North America accounted for the largest share of 65.7% in 2018
Key players in shampoo bars market include Lush Retail Ltd.; J R Liggett Ltd Inc.; Plaine Products; Osmia Organics, LLC; BEAUTY AND THE BEES PTY LTD.; Oregon Soap Company;The Refill Shoppe;BIOME LIVING PTY. LTD.; Rocky Mountain Soap Company Inc.;and Ethique Beauty Ltd.

Bath Furnishing Market Size Worth $47.0 Billion By 2025

The global bath furnishing market size is expected to reach USD 47.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.2% over the forecast period. The market is driven by consumer concerns over healthy and hygienic products, especially in the bathroom accessories segment. Moreover, drastically changes in purchasing power of consumers in developing countries such as China and Japan have fueled the demand over the forecast period.

The market is driven by growth of the wellness and hospitality sectors in Asia and South America, along with rise in sales of furniture products used in the industry. Moreover, the growth is attributed to growing middle and high class population leading to a rise in disposable income of consumers. Moreover, growing purchasing power of consumers leading to adoption of premium products and inclination towards decorative and smart products are anticipated to drive the demand in market.

Increasing number of product launches in bath fittings such as faucets, shower heads, and mirrors in industry due to growing demand for specialty products is a key driving factor. Moreover, impact of e-commerce channels, presence of a number of furniture shops and DIY shops, cost effectiveness, and health conscious consumers provide a lucrative growth opportunity for the global market.

North America is anticipated to witness significant growth due to increasing consumer awareness regarding hygienic product categories, along with growing product launches in bath furnishing market. Moreover, Asia Pacific is expected to witness a rise in sales of bathroom fittings due to growth of the construction industry and increasing demand for products over forecast period.

Growing demand for interior designing techniques and products in the home decor market will increase the growth of global market. Moreover, increasing focus of leading players on decorative mirrors and fittings products will fuel its demand in the market. Companies are launching products and expanding their capacity in order to gain a major share in the market. The market is recognized by a few initiatives such as mergers and acquisitions, online sales, limited extension, and developments endeavored by the key players in the business such as Toto Ltd.; Kohler Co.; GROHE AMERICA, INC.; Ideal Standard International; Hansgrohe; Moen Incorporated; Roca Sanitario; S.A.; and Villeroy & Boch Group.

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https://www.grandviewresearch.com/industry-analysis/bath-furnishing-market

Further key findings from the report suggest:

By product, furniture is projected to ascend at a CAGR of 2.8% over the forecast period
The offline channel dominated the global market with a share of 87.4% in 2018
North America dominated the global bath furnishing market in 2018 and accounted for 36.4% share of the overall revenue. This trend is projected to continue over the next few years
Booming hospitality industry on account of growth of the tourism sector mainly in developing countries is further expected to propel the market growth
The market in Asia Pacific is anticipated to witness significant growth due to increasing disposable income in India, South Korea, China, and Japan
The industry is highly competitive in nature with the main players including Toto Ltd.; Kohler Co.; GROHE AMERICA, INC.; and Ideal Standard International
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Dry Shampoo Market Size Worth $5.2 Billion By 2025

The global dry shampoo market size is expected to reach USD 5.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. The market is driven by consumer awareness regarding changing beauty and personal lifetsyle, especially in the hair care applications. Moreover, drastic change in the purchasing power of consumers in developing countries such as China and India is anticipated to drive the demand over the forecast period.

Demand for premium products among the personal care category is leading to a rise in sales of natural and organic ingredients used in the industry. Growing middle class population and rising disposable income are driving the demand for shampoo products over the forecast period.

Number of product launches is increasing in the beauty and lifestyle segment due to demand for the anti-aging products in industry. Moreover, the impact of e-commerce channels, social media advertisements, and a number of beauty specialist retailers provide a lucrative opportunity for growth of shampoo products in the market.

Demand for shampoo products is anticipated to rise in North America due to growing consumer awareness regarding personal and hair care products, along with growing product launches in market. Moreover, growing product demand is expected to increase the sales in the hair and skin care sector in Asia Pacific over the forecast period. For instance, the hair care market in Asia Pacific is expected to reach USD 32.8 billion by 2022, expanding at a CAGR of 6.1% over the forecast period.

Growing consumer awareness regarding personal care products in market, along with impact of leading players such as Procter and Gamble; L’Oreal SA; Avon Products Inc., will fuel its demand in the market. Companies are involved in product launches and expansion of their geographical reach so as to gain a major share in the market.

The dry shampoo market is recognized by a few initiatives such as mergers and acquisitions, online sales, limited extension, and developments, endeavored by the key players in the business such as Unilever; Procter & Gamble Company; Church & Dwight Co, Inc.; Shiseido Company Ltd.; New Avon LLC; L’Oreal SA; Henkel AG & Company; KGaA; The Estee Lauder Companies Inc.; Kao Corporation; and Coty Inc.

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https://www.grandviewresearch.com/industry-analysis/dry-shampoo-market

Further key findings from the study suggest:

By form, powder is projected to ascend at a CAGR of 8.3% over the forecast period
The women application segment dominated the market with an overall share of 58.5% in 2018
North America dominated the global dry shampoo market in 2018, accounting for 38.6% share of the overall revenue. This trend is projected to continue over the next few years
Growing personal care industry on account of changing lifestyle mainly in developed countries is further expected to propel the market growth in North America
The market in Asia Pacific is anticipated to witness growth due to increasing disposable income in India, South Korea, China, and Japan
The industry is highly competitive in nature with the main players including Unilever, Procter & Gamble Company, Church & Dwight Co, Inc., Shiseido Company Ltd., New Avon LLC, L’Oreal SA, Henkel AG & Company, and KGaA
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Sports Shoe Market Size Worth $25.3 Billion By 2025

The global sports shoes market size is expected to reach USD 25.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. The market is expected to witness significant growth owing to growing popularity of sports activities across the globe.

Men’s sports shoe dominated the global market and is expected to maintain its lead over the forecast period. Increasing popularity of outdoor games such as soccer and American football is expected to increase the demand for sports shoe over the forecast period. Sports clubs are spreading awareness among people by conducting events at various places across the world, which will have a positive impact on the market growth. For instance, in 2017, the National Football League (NFL) had organized four game events in London and around 84,500 fans came to watch the match between Jacksonville Jaguars and Baltimore Ravens at Wembley Stadium.

In 2018, the offline retail channel segment dominated the market, accounting for more than 80% share of the overall revenue. Increasing penetration of retail outlets in developing countries is one of the main factors driving the segment over the forecast period. For instance, in 2018, American multinational company, New Balance Inc., opened a new retail outlet in Riyadh to expand in Middle East.

Moreover, due to increasing awareness related to health and supportive government initiatives, many multinational companies are focusing on India and China to expand their reach in the market. For instance, the Khelo India program has been introduced to revive the sports culture in India at the grassroots level by building a strong framework for all the sports played in the country and establish India as a great sporting nation. Such initiatives are expected to have a positive impact on the market growth.

Asia Pacific is expected to expand at fastest CAGR of 5.2% over the forecast period. Increasing sports participation in India and China, growing spending power of consumers, and rising health awareness in the region are expected to have a positive impact on the growth of the market. Central and South America is expected to witness significant growth owing to growing popularity of football, American Football, and rugby.

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https://www.grandviewresearch.com/industry-analysis/sports-shoes-market

Further key findings from the study suggest:

By gender, the kids segment is projected to expand at a CAGR of 5.0% over the forecast period
The offline retail channel segment dominated the global sports shoe market with an overall revenue share of 83.4% in 2018
The kids segment in U.S. was valued at USD 607.6 million in 2018 and is projected to witness significant growth in the next few years
North America was one of the prominent regional markets in 2018 and is expected to exhibit significant growth owing to increasing popularity of field sports at the national and international levels
The industry is highly competitive in nature due to presence of the main players including Nike, Inc.; Adidas Group; and Puma SE
Various manufacturers are concentrating on new product launches and product innovation to expand their consumer base.

Perfume Market Size Worth $40.9 Billion By 2025

The global perfume market size is expected to reach USD 40.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% over the forecast period. Growing awareness about personal grooming, along with increasing demand for premium fragrances, is expected to drive the demand for global market. Furthermore, high purchasing power among the millennials is expected to spur the growth of the global market.

Soaring population and increasing consumer spending on personal and beauty care products are the key factors driving the market. Perfume suppliers are becoming more innovative and are offering better products at discounted prices as a definite marketing strategy. This, in turn, is helping the mass product segment to expand at a CAGR of 3.8% over the forecast period. Additionally, popularity of purchasing premium brands is increasing due to increase in customer spending, which could be attributed to rise in disposable income per household. This is expected to augment the demand for premium brands during the forecast period. For instance, Victoria Secret launched its body mist collection in India ranging from USD 18 to 25 such as VC Rush, Bombshell, Vanilla Lace, and Love Spell.

Women accounted for the largest share of 60.1% in 2018. It is observed that women in U.S. purchase a new perfume as often as once a month, in comparison to men who buy it on an average of 1-2 times per year, mainly for the purpose of replenishment. As per a survey, around 41.0% of the females in U.S. use perfumes everyday as compared to men.

The online channel is expected to expand at the highest CAGR of 3.9% over the forecast period. It provides a wide variety of products for the consumers all over the world, coupled with several discounts and offers for its first-time and regular users. For instance, Nykaa provides special discounts on women’s day, especially on perfumes of premium brands like Avon, to celebrate womanhood every year.

Europe, followed by North America, accounted for the largest market share in 2018. The U.S. and Europe market remain the industry trendsetters. Major countries contributing to the growth of the Europe market include Germany, France, and U.K, wherein France accounted for 25.9% share in 2018. France serves as the home of numerous leading perfumes brands such as Christian Dior, Chanel, and Guerlain. The country has been driving the Europe market with the highest production and export values.

Asia Pacific is expected to expand at a CAGR of 5.1% over the forecast period. The region is witnessing high demand, particularly in countries like China and India due to increasing disposable income that allows customers to spend more on luxury products. This, in turn, is boosting the growth of the regional market. For instance, Vini Cosmetics, an Indian company popularly known for its brand Fogg, launched its premium perfumes for both men and women.

Some of the major players in the global market are Avon Products Inc.; Natura Cosmticos SA; Chanel SA; Coty Inc.; LVMH; L’Oreal Groupe; Estee Lauder; Elizabeth Arden, Inc.; and Puig SL. Companies are focusing on offering customized products to meet the specific requirements of the customers. For instance, Lauder’s Jo Malone stores offer fragrance consultations so that shoppers can develop a customized product.

Moreover, a Tokyo location of this brand had an artist placed near checkout to outline cityscapes on packaged boxes to create a unique product packaging design. Furthermore, the company purchased the artisan perfume house By Kilian, thereby adding to its store of trendy names such as Le Labo and Editions de Parfums Frederic Malle. They offer in-store blending on customer demand with an aim to provide a premium shopping experience of hand crafted products.

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https://www.grandviewresearch.com/industry-analysis/perfume-market

Further key findings from the study suggest:

North America is projected to generate a revenue of USD 13.2 billion by 2025
The men segment accounted for 39.9% share of the total revenue in 2018 and is projected to witness a slight decline in the next few years
Perfume Market for Asia Pacific is projected to expand at the highest CAGR of 5.1% over the next few years due to rise in disposable income of people in developing countries like India, China, and Sri Lanka.
Due to increased benefits of various essential oils, countries like U.K. and Germany have shown a positive trend in adapting these as a main ingredient in the production of a wide range of premium perfumes across the region.

Fashion Face Mask Market Worth $2.38 Billion By 2027

The global fashion face mask market size is expected to reach USD 2.38 billion by 2027, expanding at a CAGR of 22.7% over the forecast period, according to a new report by Grand View Research, Inc. Adoption of the product for different purposes ranging from a medically recommended diagnosis kit to a fashionable protective face cover is a major factor driving the market.

The spread of coronavirus worldwide has set the tone for the face mask industry with surge in demand for different products. This has also encouraged many manufacturers, such as Vogmask and Respro, to ramp up their production capacity as well as improvise the supply change strategies to cater to the unprecedented spike in the demand for both medical- and consumer-grade products.

Celebrities, social media influencers, and fashion designers have been instrumental in driving the product demand. For instance, in February 2018, the New York Fashion Week party host and social media influencer Esther Berg flaunted a white colored mask with crafted design. Similarly, in 2014, many designers incorporated trendy pollution-blocking masks with sportswear collection during a China Fashion Week show.

Based on product, anti-pollution mask held the largest share of 66.1% in 2019. Increasing awareness regarding the harmful effects of air pollution among consumers is fueling the segment growth. According to the World Health Organization estimations, close to 4.2 million people die every year from exposure to air pollution globally. Consumers have been opting for stylish and comfortable face masks, which can protect them from pollution and other diseases without compromising on aesthetic appeal.

Asia Pacific emerged the largest regional market, accounting for a share of more than 30.0% in 2019. Increasing concerns over air pollution is one of the main factors driving the product demand in the region. As per the 2019 report released by IQAir, a group that conducts surveys pertaining to air pollution worldwide, close to 80% of the world’s top 20 populated cities are located in China and India. Deteriorating quality of air has been increasing the regional product demand.

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https://www.grandviewresearch.com/industry-analysis/fashion-face-mask-market

Further key findings from the study suggest:

Based on product, anti-pollution fashion mask accounted for the largest share of 66.1% in 2019 and is expected to maintain its lead over the forecast period
Online distribution channel is projected to expand at the fastest CAGR of 22.8% from 2020 to 2027. Wide range of products, special pricing, and great discounts offered by the online retailers are enhancing the segment growth
North America is anticipated to be the second fastest growing regional fashion face mask market with a CAGR of 22.6% from 2020 to 2027. A large number of companies in the region are focusing on manufacturing air filtration masks, which are engineered for both fashion and function
Major manufacturers are adopting various strategies for entering into new markets. For instance, in 2016, Vogmask, a U.S.-based company, partnered with fashion designer Manish Arora to offer a new range of trendy masks in the Indian market

Edible Flakes Market Size Worth $28.34 Billion By 2027

The global edible flakes market size is expected to reach USD 28.34 billion by 2027, expanding at a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Rising consumers’ consciousness regarding more healthy and nutritious food in the busy and hectic lifestyle is a key factor fueling the market growth. Moreover, shifting consumers’ dietary preferences in order to follow a healthy lifestyle are anticipated to expand the scope of edible flakes over the forecast period.

Over the past few years, consumption of oats and oatmeal has been significantly increasing as they contain vitamins, iron, soluble fibers, and antioxidants. Moreover, they help in improving the blood sugar levels, lowering the risk of cardiovascular diseases, and reducing weight. These health benefits are opening new avenues for these edible flakes, thus boosting the market growth over the forecast period.

North America emerged as the largest regional market for edible flakes with a share of more than 35.0% in 2019 owing to high consumption of corn flakes across countries, including U.S., Canada, and Mexico. Moreover, consumption of oats has increased in the recent years due to increasing obesity problems in the region. These trends are anticipated to fuel the market growth in the region over the forecast period.

The edible flakes industry is consolidated in nature owing to the presence of strong players with large customer base across the globe. Moreover, major players are adopting various market strategies, including merger and acquisition, for expanding their customer base. For instance, in May 2018, Nestlé S.A. announced a joint venture with General Mills to sell a wide variety of products in India. These market trends are anticipated to boost the demand for edible flakes over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/edible-flakes-market

Further key findings from the study suggest:

By product, corn flakes accounted for the largest share of more than 40.0% in 2019. It is expected to maintain its lead over the forecast period owing to large consumption among working class people around the globe, especially in North America and Europe
Oat flakes are anticipated to exhibit the fastest CAGR of 6.6% from 2020 to 2027 owing to increasing demand for healthy food among young generation across the globe
Offline distribution channel held the largest share of more than 75.0% in 2019 and is expected to maintain its lead in future due to increasing consumer preferences for brick and mortar stores that offer a choice of physical verification while purchasing
Asia Pacific is anticipated to exhibit the fastest CAGR of 7.1% from 2020 to 2027 owing to growing trend of ready-to-eat breakfast among the working class people as well as college grads of countries, such as China and India
Key market players include Nestlé S.A.; The Kellogg Company; General Mills Inc.; The Quaker Oats Company; Dr. August Oetker KG; PepsiCo Inc.; Bagrry’s India Ltd.; Marico Ltd.; H. & J. Brüggen KG; and Nature’s Path Foods.

Yoga Clothing Market Size Worth $47.8 Billion By 2025

The global yoga clothing market size is expected to reach USD 47.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% over the forecast period. Shifting inclination towards comfortable and stylish clothing among fitness enthusiasts at the global level is expected to remain a favorable factor for the industry growth. Additionally, increase in stress levels among the millennial population due to hectic workstyle has paved the way for practicing various fitness exercises including yoga on a daily basis. Yoga clothes are considered comfortable for stretching and have the ability to absorb sweat during vigorous physical activity.

The children application segment is expected to expand at the fastest CAGR of 7.5% from 2019 to 2025. It has been observed that parents are encouraging their children to join yoga classes as it can be beneficial for their mental and physical health. The health experts recommend that yoga can increase concentration level, along with improving mental health, among children.

The offline channel generated a revenue of USD 24.7 billion in 2018. Majority of the consumers prefer to purchase their yoga clothing after giving it a try on the supermarket or specialty cloth stores. Moreover, these stores keep products and sizes of different brands. Some of the offline stores also provide customized offerings to their buyers in order to keep their products’ visibility high in the clothing products market.

Asia Pacific led the yoga clothing market and generated a revenue of USD 11.9 billion in 2018. Consumers are expected to increase spending on various fitness activities due to expansion in the middle-class working age groups in developing countries including China, India, and Bangladesh. Additionally, the governments of various countries including China, Japan, and India have been framing favorable policies, which are aimed at promoting the fitness activities from school to the professional level. This inclination towards health and fitness among the consumers and governments is expected to promote the yoga participation and thus, in turn, will fuel the market demand for clothing products over the next few years.

Some of the key players operating in this market are Lululemon athletica, Green Apple Active, Alo Yoga, Be present, Hosa Yoga, Athleta, Inner Waves, Lily Lotus, Mika Yoga Wear, and Shining Shatki. Various manufacturers are taking efforts on new product launches, along with collaborating with the distributors, to expand their brand reach over the next few years.

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https://www.grandviewresearch.com/industry-analysis/yoga-clothing-market

Further key findings from the report suggest:

The women application segment generated a revenue of USD 20.7 billion in 2018. The children segment is expected to register the fastest CAGR of 7.5% from 2019 to 2025 due to high participation by children in yoga classes to maintain physical and mental health
The offline channel generated a revenue of USD 24.7 billion in 2018. The online channel is expected to expand at the fastest CAGR of 6.9% from 2019 to 2025 due to growing popularity of e-commerce channel as a purchasing medium among the millennials
Asia Pacific dominated the yoga clothing market in 2018 with a revenue of USD 11.9 billion in 2018.

Baby Cribs & Cots Market Worth $1.67 Billion By 2025

The global baby cribs & cots market size is anticipated to reach USD 1.67 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 4.6% from 2019 to 2025. Growing need for advance baby safety products is the key factor responsible for the growth of this market. Rising number of working individuals across developing regions, such as India, China, and Indonesia, is also projected boost the market growth.

In addition, increasing number of nuclear families in these countries will have a positive impact on the market development. Stringent safety standards incorporated by the U.S. Consumer Product Safety Commission (CPSC) have impelled manufacturers to develop products with advanced safety features. This is also anticipated to fuel the demand for baby cribs and cots, thereby augmenting market growth. For instance, in 2019, Shnuggle introduced Shnuggle Air Cot Conversion Kit, which helps convert bedside crib into a cot. The product is designed with dual view mesh sides, hypoallergenic fabrics.

The convertible cribs & cots product type segment is estimated to lead the market, accounting for the largest market share by 2025. These products can be easily converted into a standard one, day bed, children’s bed, double bed, and a small sofa. Moreover, these products are cost-effective and highly durable. In addition, product innovations in this segment are projected to drive the segment further. For instance, Kalani 4-in-1 Convertible Crib by DaVinci Baby, which can be converted into a toddler bed, day bed, and a full sized bed.

The online distribution channel segment is expected to witness the highest CAGR of 5.0% from 2019 to 2025. Rapidly expanding e-commerce sector, especially in emerging regions and increasing popularity of online retailers, such as Amazon, are estimated to boost the segment growth. In addition, extensive usage of smartphone devices and internet will also support segment growth. Asia Pacific is expected to be the fastest-growing regional market from 2019 to 2025 on account of rising number of working individuals and increased consumer disposable income levels.

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https://www.grandviewresearch.com/industry-analysis/baby-cribs-cots-market

Further key findings from the study suggest:

Multifunctional cribs & cots product type is expected to be the fastest-growing segment over the forecast period
Offline distribution channel was the largest segment in 2018 and is estimated to expand further at a steady CAGR from 2019 to 2025
North America is expected to be the largest regional market accounting for a share of more than 31% by 2025
Top companies in the baby cribs and cots market are Goodbaby International Holdings Ltd.; Delta Children’s Products Corp.; Silver Cross; Storkcraft; Dream On Me, Inc.; Sorelle Furniture; Million Dollar Baby Co.; Natart Juvenile, Inc.; and Graco, Inc.

Flip Flops Market Size Worth $23.8 Billion By 2025

The global flip flops market size is expected to reach USD 23.8 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 4.2% from 2019 to 2025. The growth is driven by the rising demand for comfortable and fashionable flip flops across the globe due to their low prices and high durability.

Moreover, flip flops are extremely lightweight and can be carried easily, which is also boosting their demand across the globe. In addition, rising concerns about environmental pollution has driving the demand for eco-friendly products, thereby impelling manufacturers to develop sustainable products. This is also likely to have a positive impact on the market growth. For instance, in 2018, Allbirds, a startup company, launched new flip flops made from sugar cane.

Furthermore, companies in the flip flops market are focusing on increasing sustainability by donating some revenue share for environmental causes. For instance, Havaianas launched IPE collection and announced that it will be contributing 7% of the revenue generated from the collection to Environmental Research Institute that will develop projects to help reserve Atlantic Rainforest, Amazonia, and Pantanal. The online distribution channel is estimated to register the fastest CAGR from 2019 to 2025 on account of increasing usage of smartphone devices and internet.

Furthermore, availability of attractive designs and easy payment options and return policies offered by online portals are driving the segment growth. The offline distribution channel is estimated to account for the largest market share by 2025 owing to high product sales through these channels, particularly in low-income countries. Based on region, Asia Pacific is estimated to be the largest market. However, North America is projected to expand at the fastest CAGR during the forecast years.

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https://www.grandviewresearch.com/industry-analysis/flip-flops-market

Further key findings from the study suggest:

Female end user segment accounted for the largest market share in 2018 and is estimated to expand further at the fastest CAGR over the forecasted period
Online distribution channel is estimated to be the fastest-growing segment with a CAGR of 5.1% owing to increasing usage of internet and smartphones, especially in emerging regions
Some of the key companies in the global flip flops market include Havaianas; Skechers USA, Inc.; Crocs; Deckers Brands; Fat Face; Adidas AG, C. & J. Clark International Ltd.; Kappa; Nike, Inc.; and Tory Burch LLC