Market Research Report Insights

The global  footwear market  size is expected to reach USD 269.9 billion by 2025 registering a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Rising demand for fancy, convenient, and comfortable footwear is the major factor driving the market growth. Another factor driving the market is rising number of working individuals across the globe, which leads to increased sales of formal and semi-formal footwear. Companies are launching innovative products to increase customer engagement. For instance, in April 2019, Adidas America, Inc. introduced Game of Thrones sneakers. Women end user segment is expected to register the fastest CAGR of 4.3% from 2019 to 2025. Average spending on personal appearance products will further boost market growth. The Asia Pacific region is anticipated to witness the maximum CAGR over the forecast period. This growth is attributed to the improving living standards and increasing disposable income levels, especially in emerging ...

The global  hair accessories market  size is expected to reach USD 53.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.2% over the forecast period. Growing awareness about hair grooming and rising preference for fashionable products that serve the purpose of utility as well as give a trendy look. Influence of fashion media and magazines have fueled the market growth. Increasing popularity and availability of videos, tutorials, and pictures of trendy hairstyles and hair accessories have evolved the fashion tastes among the consumers, which, in turn, is expected to propel the market growth. Furthermore, availability of various hair products such as sequenced and ornamented pins, bands, and clips on e-commerce websites, which are usually not available offline, is expected to drive the demand for the market. Apart from elastics and ties, wigs and extensions are one of the trending accessories, especially among the African d...

The global  digital pen market  size is expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.4% over the forecast period. Growing application of digital pen in the field of animation and entertainment as it assists in editing photos and videos, along with creating 3D painting, is expected to have a positive impact on the market growth. These devices are capable of providing a depth to the artwork by making it vibrant and realistic. Furthermore, digital pen finds its use among students and artists as it provides versatility in performing various functions such as drawing, doodling, editing, and note taking. Shifting trend towards the use of digital pen among students with limited learning is generating the demand for the product. It has been proven to be beneficial for students who are struggling with note taking and comprehension. In 2011, UC Berkeley Disabled Students Program conducted a pilot test of...

The global  artisanal ice cream market  size is expected to reach USD 9.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. Increasing desert consumption and rising adoption of natural and organic sweet dishes are projected to remain prominent trends in the market. Growing lactose intolerant population is contributing to the increased demand for artisanal ice cream. Therefore, lactose-free ice cream allows user to enjoy these products without any intolerance or allergies. Moreover, the focal point lies on aesthetics and flavors. Therefore, companies often use pestle colors for packaging that expresses flavor and creates an appetite. For instance, in 2017, Van Leeuwen witnessed a 50% increase in its sale post its product redesigning and packaging. Furthermore, key players in the market focus on innovative flavors as their new product development strategy. These innovative yet healthy defined flav...

The global  tea market  size is expected to reach USD 18.42 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.5% during the forecast period. Rising popularity of carbonated drinks coupled with rise in consumer disposable income, especially in emerging economies such as India, China, and Brazil will create robust product demand. Tea, being a widely consumed beverage especially across Asia Pacific (APAC) and Middle East and Africa (MEA). It has gained immense popularity in other parts of the world as well, owing to its antioxidant properties. Presence of polyphenols, antioxidants, vitamins, and a variety of amino acids make it help strengthen the immune system. Additionally, it helps lower cholesterol levels, increase metabolism, and may help prevent cancer. It also contains a small amount of caffeine, which boosts its consumption as a mild stimulant. Changing demographics, rise in disposable income of middle c...

The global  wireless mouse market  size is anticipated to reach USD 1.77 billion by 2025 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Constant product and technological innovations, such as improved design and extended battery life, by major companies like Logitech has played a crucial role in promoting the product demand. Moreover, flexibility and hassle-free operations of the product are encouraging businesses to use wireless devices, thereby augmenting the market growth. Radio frequency mouse held the largest market share in 2018. The segment will retain its leading position throughout the forecast period as these products have high demand on account of their capability of providing high operating range. Rapidly expanding IT sector, especially in developing countries including China and India, is expected to boost the product sales over the next few years. Bluetooth mouse segment is anticipated to expand at the fastest CAGR of 4.3% ...

The global  hand blender market  size is expected to reach USD 398.3 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.2% over the forecast period. Increasing urbanization, coupled with shifting consumer preference towards compact and portable kitchen appliances, is expected to augment market demand. In addition, rising importance of multifunctional kitchen devices among the consumers, who are looking for convenient solutions, is expected to have a positive impact on the market growth. Corded product was the largest segment, accounting for a share of more than 75.0% in 2018. Major manufacturers include BSH Home Appliances Group;Koninklijke Philips N.V.; Panasonic Corporation; Braun GmbH; Breville USA, Inc.; and Wonderchef Home Appliances Pvt. Ltd. are launching new technological products in order to gain the maximum customer base. For instance, in March 2018, Braun GmbH launched its one of the most successful hand blenders ...