Consumer Goods

  Walking Aids Industry Overview The global  walking aids market  size is expected to reach USD 4.2 billion by 2030 at a CAGR of 7.1%, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth during the forecast period owing to the increasing disability rates caused due to rising incidence of malnutrition and infectious, non-infectious, & congenital diseases; growing prevalence of diabetes; and increasing geriatric population & number of accidents/traumas. The introduction of devices with new features such as rollators with the attached laser for Parkinson’s patients is anticipated to propel market growth over the forecast period. The rise in disposable income coupled with an increase in awareness in developed countries is anticipated to further boost market demand. The high prevalence of osteoporosis & arthritis and increasing awareness & adoption of canes, crutches, & walkers are expected to drive...

  Asia Pacific Nutritional Supplements Industry Overview The  Asia Pacific nutritional supplements market  size is expected to reach USD 240.6 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.1% from 2022 to 2030. The population across countries in the Asia Pacific region is gradually shifting towards a healthier lifestyle and the adoption of nutritional supplements as a part of healthy dietary habits to achieve health and fitness goals. The geriatric population in the Asia Pacific region has grown in the past few years, thus increasing the overall burden of chronic diseases. Unhealthy eating habits and increasingly sedentary lifestyles have given rise to a plethora of lifestyle diseases, which are quite prevalent in the Asia Pacific region. As the awareness regarding nutritional needs has been increasing among the population, nutritional supplementation to improve and maintain health has gained a l...

  Poultry Vaccines Industry Overview The global  poultry vaccines market  size is expected to reach USD 3.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.40% from 2023 to 2030. The key factors driving the market include the rising consumption of poultry meat and eggs, the prevalence of avian diseases, and the increasing poultry population in key markets. According to OECD-FAO Agricultural Outlook, poultry meat consumption in the U.S. was pegged at 19,169 thousand tons in 2020. This consumption is projected to increase over the next few years. The COVID-19 pandemic resulted in several challenges for the poultry industry including a fall in consumption, increased concerns over zoonoses, and low sales. For example, as per the Economic Times, in March 2020, the price of chicken plunged by as much as 70% due to the reduced consumption of meat, fish, eggs, and chicken. However, the pandemic also led to ...

  U.S. Companion Animal Health Industry Overview The  U.S. companion animal health market  size is expected to reach USD 11.3 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.3% from 2023 to 2030. The rising number of pet owners seeking better healthcare services, healthier quality foods, and high-end grooming and training services for their companion animals is a major driver for this market. According to theNational Pet Owners Survey, 90.5 million families in the U.S. own a pet,  out of which 69.0 million own a dog. Moreover, high-income families amounted to approximately 60% of the total spending. In recent years, pet adoption has shown immense growth. This is primarily attributed to the fact that people are healthier and happier in the presence of pets, as found by the Human-Animal Bond Research Initiative Foundation (HABRI). With the rising adoption of companion animals and growing concerns o...

  Portable Toilet Rental Industry Overview The global portable toilet rental market size was valued at USD 18.16 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. Rise in the demand for cost-effective and low-maintenance portable toilets on account of rapid urbanization and expanding construction sector in developing regions, such as the Asia Pacific, will boost the market growth. The COVID-19 pandemic positively impacted the growth of the market. In the wake of the COVID-19 pandemic, the full effects of cabin fever begin to set in, and camping helped in shaping the perfect antidote. According to Dan Yates, the founder of Pitchup.com, an outdoor accommodation booking website that offers placement at over three thousand campgrounds across five continents, bookings were up by 350% in June 2020, as compared to May 2020. Rising consumer preference for outdoor recreational activities, such as camping, hiking, sports tournament...

  Skin Lightening Products Industry Overview The global skin lightening products market size was valued at USD 9.96 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030. Skin lightening products provide various benefits such as reducing pigmentation, lightening discoloration, promoting even skin tone, and eliminating blemishes. The rising inclination of consumers toward a specific solution to different skin problems, such as age spot or acne spot reduction, has increased the adoption of various skin lighteners in the market. Therefore, manufacturers are introducing lightening products to cater to the different consumer needs. For instance, in December 2020, Blac Chyna launched brightening cream in collaboration with Whitenicious by Dencia in Nigeria. The breakout of COVID-19 has resulted in changing consumer preferences who are proactively seeking active and functional skincare products, which in turn, is expected to accelera...

  Beer Industry Overview The global beer market size was valued at USD 680.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. Beer consumption patterns have shifted dramatically, with declining consumption in traditional drinking countries and high gains in emerging markets and places where wine and spirits were traditionally consumed. These changes have resulted in the convergence of global alcoholic beverage consumption habits and a rapid rise in beer sales. Global brewing companies are engaging in mergers & acquisitions to drive market expansion. Consumers’ lifestyles, notably drinking habits, have changed as a result of the COVID-19 pandemic. Government tactics to control the virus's spread largely succeeded in keeping people home. The lockdowns negatively impacted alcohol sales at bars, pubs, restaurants, and nightclubs. However, at-home alcohol consumption grew, and sales in retail and online stores increased s...

  Digital Pen Industry Overview The global digital pen market size was valued at USD 2.04 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.3% from 2022 to 2030. The growing need to digitize business in various sectors including banking, healthcare, education, and retail is expected to have a positive impact on market growth. It has been proved that digitization enhances productivity and helps in getting an edge over competitors. The outbreak of COVID-19 has significantly impacted the market share owing to a significant impact on prime market players. Conversely, the rise in demand for cheap digital pens and IoT-based smart applications, such as smartphone-based applications escalated the demand for digital pen solutions during the pandemic. However, the lack of availability of a professional workforce due to partial and complete lockdown implemented by governments restrained the growth of the market.  On the contrary, the emerging econo...

  Honey Industry Overview The global honey market size was valued at USD 8.58 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. Honey is an excellent source of numerous nutritional ingredients including vitamins, minerals, calcium, and antioxidants. High demand for nutritious food products is a prominent factor driving the market, as people are increasingly becoming more aware of the benefits of living a healthy lifestyle. The growing health concerns in the wake of the COVID-19 pandemic could be a game-changer for the honey sector. Due to its antibacterial, antiviral, and anti-fungal properties, the product is receiving appreciation and wider acceptance as an effective medicine to treat acute cough and throat infection observed in corona-infected patients. Honey can be used in beverages, processed foods, jams, and jellies and is increasingly used as an ingredient in health and beauty products. The easy availability of a w...

  Kosher Beef Industry Overview The global kosher beef market size was valued at USD 68.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030. The availability of the product with appropriate certifications has developed a trust factor among the consumers from countries including the U.S., Canada, France, South Korea, the U.K., Germany, and South Africa. Constant product innovation and collaborations by the meat processing companies are anticipated to drive the market over the forecast period. For instance, in August 2021, FreshDirect partnered with Cutting Edge Foods, manufacturer of Real Fresh Kosher Beef, for the purpose of direct sourcing. Such factors are likely to support the overall market growth over the forecast years. The COVID-19 pandemic has altered the kosher beef industry. During the first wave of the pandemic, customers rushed to stock up on groceries, both in stores and online, while restaurants and foodserv...

  Snacks industry Overview The global snacks market size was valued at USD 1,450.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.7% from 2022 to 2030. The pandemic-induced lockdowns coupled with the global adoption of the work-from-home culture have led to the exponential growth of the snack market in the last two years. This trend is expected to sustain during the forecast period, as snack manufacturers are focusing on product innovations such as healthier and organic products. COVID-19 lockdowns prompted an increase in at-home consumption of food products. COVID-19 lockdown implementations and extensions had given snack products a significant role in households all across the globe. Because more people are working from home, the desire for "on-the-go indulgence" has intensified. Over the previous two years, demand for packaged snacks such as cookies, chips, noodles, and macaroni has increased as the pandemic has encouraged consumers...

  Self-tanning Products Industry Overview The global self-tanning products market size was valued at USD 877.0 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. Self-tanning products have become increasingly prevalent as consumers have become aware of the health and long-term aesthetic effects of excessive sun exposure. Widespread UVA and UVB exposure is constantly increasing skin cancer cases, which has been playing a vital role in driving the adoption of such products. The COVID-19 pandemic has had a devastating impact on the market as a majority of the customer base is in Europe and North America, which have been severely affected by the pandemic. However, as markets have slowly started opening, the popularity of the online distribution channel is expected to create a steady demand for self-tanning and cosmetic offerings in the foreseeable future. Rising concerns about skin diseases and other health risks associated with...

  Toys And Games industry Overview The global toys and games market size was valued at USD 291.72 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. The industry is expanding due to various factors, such as parents’ increased interest in green toys, the resurgence of conventional toys & video games, awareness of the cognitive benefits of building toys, and the exponential expansion of mobile-based gaming. The market is also expected to be driven by the increased popularity of traditional recreational activities among younger generations. Millennials’ growing predilection for old-school games at social gatherings is likely to propel the market growth over the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Toys And Games market   Companies are actively shifting their product offerings by launching e-stores and retailing products through e-commerce platforms, ...