Latest Market Reports

With an average CAGR of 5.6%, the carbon footprint management market is predicted to grow and prosper. It is anticipated to increase in value from US$ 10.2 billion in 2022 to almost US$ 17.4 billion by 2032. The market for carbon footprint management includes services such as carbon footprint assessments, carbon reduction strategy development, and carbon offsetting. It also includes products such as carbon accounting software, renewable energy solutions, and energy-efficient products. Key players in the carbon footprint management market include companies such as Carbon Trust, South Pole, Bureau Veritas, and Enviro-Mark Solutions.

The carbon footprint management market is growing due to increasing public awareness of the environmental impact of human activities, as well as regulations and incentives aimed at reducing greenhouse gas emissions. Organizations, governments, and individuals are increasingly seeking solutions to manage and reduce their carbon footprint in order to mitigate the impacts of climate change.

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Key Segments

• By Component
  • Solution
  • Services
• By Services
  • Consulting
  • Integration & Deployment
  • Support & Maintenance
• By Deployment
  • Cloud
  • On-premises
• By Vertical
  • Manufacturing
  • Energy & Utilities
  • Residential & Commercial Buildings
  • Transportation & Logistics
  • IT & Telecom
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)

Key Takeaways:

• Based on component, the solution segment is estimated to dominate the market, expanding at a CAGR of 5.1% during the forecast period.
• In terms of deployment, sales of cloud carbon footprint management are estimated to increase owing to its large storage capacity and faster and secure data transfer.
• By services, demand in the consulting segment is anticipated to grow at a CAGR of 5.1% through 2032.
• Sales of carbon footprint management in the U.S. are expected to increase at a CAGR of 5.3%.
• Total demand for carbon footprint management in the China market is anticipated to reach nearly US$ 3.1 Bn by the end of 2032.

Key Market Players

• Enablon
• SAP
• Dakota Software
• Isometrix
• IBM
• Schneider Electric
• Salesforce
• ENGIE

Growth Drivers:

• The market will see increased demand as more sectors use sustainable platforms to reduce carbon emissions.
• In the upcoming years, it is anticipated that growing trends toward cloud computing and paperless transactions would make it easier to implement carbon emission control systems.

Key Questions Covered in the Carbon Footprint Management Market Report

• What is the projected market value of the carbon footprint management market during 2022-2032?
• Which are the challenges faced in the carbon footprint management market?
• What is the estimated market value of the carbon footprint management market in 2022?
• Which are the factors boosting sales in the carbon footprint management market during the forecast period?
• What is the expected growth rate of the carbon footprint management market until 2032?
• Which region is expected to register the fastest growth in the global carbon footprint management market during 2022-2032?

Contact:

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Clear Aligners Market sold 3.2 billion dollars worldwide. The anticipated market growth between 2022 and 2032 is anticipated to be significantly higher than the growth in the past, at 32.4%. Standalone Practices are anticipated to be the end-user with the highest revenue potential, with an absolute dollar opportunity of close to US$ 26 billion between 2022 and 2032. The orthodontic market segment that sells clear, removably made, and personalised dental aligners for straightening teeth is known as the clear aligners market. Due to their aesthetic appeal, comfort, and ease of use, clear aligners have grown in popularity as an alternative to conventional metal braces. Companies like Invisalign, Smile Direct Club, Candid Co., and ClearCorrect are significant players in the market for clear aligners. The market for clear aligners is expanding as a result of rising consumer demand for practical and aesthetically pleasing orthodontic solutions as well as developments in digital technology that have reduced the cost and increased accessibility of clear aligners.

Medical considerations related to patient need include physical attractiveness, convenience, and reduced inconvenience when visiting an orthodontist’s office. Transparent aligners are also more useful because metal brackets and wires are not necessary. Transparent aligners can be taken out and cleaned easily, so providers also benefit from less frequent equipment upkeep.

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Market Segments Covered in Clear Aligners Industry Analysis

• Age Outlook :
  • Adults
  • Teens
• End-use Outlook :
  • Hospitals
  • Standalone Practices
  • Group Practices
  • Others

Key Takeaways from the Market Study

• Global clear aligners market is expected to reach a market size of US$ 67.7 Bn by 2032.
• In 2022, North America is projected to contribute more than 36% market revenue.
• Adults in age segment to account for 65% of the market revenue in 2022
• Revenue through standalone practices as end- users segment is projected to be reach over US$ 28 Bn by 2032, growing at a CAGR of nearly 30% between 2022 and 2032.
• The market in Asia Pacific is set to experience a CAGR of 38% during 2022-2032.

Competitive Landscape

• Expanded ClinCheck PRO 6.0 and ClinCheck “Inface” for Invisalign Treatment Visualization will be available in May 2020 from Align Technology, Inc. They employed cloud-based technologies to provide clients with the most advantageous treatment options. The company is focused on expanding its function and attaining a significant market share through a variety of acquisition tactics.
• Dentrix G7, the improved version of the dental exercise control system, was introduced in Canada in March 2019 by Henry Schein One, a joint venture of Henry Schein, Inc.
• The Straumann Group and Medit, a global provider of solutions for virtual dentistry, collaborated in March 2019. This partnership will facilitate virtual workflows’ integration with Straumann’s open CAD/CAM software.

Contact:

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The market for Baby Bottles Market is expected to reach USD 5.2 billion by 2032, growing at a CAGR of 4.7% from 2022 to 2032. It is currently estimated to be worth USD 3.3 billion globally in 2022. A subset of the baby products industry, the baby bottle market offers a variety of bottles for babies and young children. These bottles can be found in a variety of shapes, sizes, and colours and can be made of a variety of materials, including plastic, glass, or silicone. The market for baby bottles is expanding as a result of rising birth rates, improvements in bottle technology, and increased attention to health and safety issues. A few of the top manufacturers of baby bottles are Nuk, Tommee Tippee, Avent, and Dr. Brown’s.

The analysts at Fact.MR have used numerous rounds of primary research as well as extensive secondary research to produce a variety of estimations and projections for Sales & Demand of Baby Bottles, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies.

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• By Material, 
  • Plastic Baby Bottles
  • Glass Baby Bottles
  • Silicone Baby Bottles
  • Stainless Steel Baby Bottles
• By Size, 
  • Less than 3 Ounces
  • 3-6 Ounces
  • 6-9 Ounces
  • More than 9 Ounces
• By Age Group, 
  • 0-6 Months
  • 6-18 Months
  • Above 18 Months
• By Sales Channel, 
  • Online Sales Channel
  • Offline Sales Channel
    • Modern Trade
    • Specialty Stores
    • Hypermarkets/Supermarkets
    • Other Sales Channel
• By Region, 
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Key Companies Profiled

• Munchkin, Inc.
• Handi-Craft Company
• Mayborn Group Limited
• Pigeon Corporation
• Koninklijke Philips N.V.
• Goodbaby International Holdings Limited
• Artsana S.p.A.
• Alpha Baby Care Co., Ltd.
• Babisil International Ltd.
• Chemco Group
• Comotomo, Inc.
• Dolphin Baby Product
• Linco Baby Merchandise Works Co., Ltd.
• Mason Bottle
• Nanobebe US Ltd.
• Narang Plastics Private Limited
• Other Market Players

Some Notable Offerings by Fact.MR Report 

• We will provide you an analysis of the extent to which this Baby Bottles market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

Key Question answered in the Survey of  Report By Fact.MR

• Baby Bottles Company & brand share analysis: Company and brand share analysis on Baby Bottles Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
• Baby Bottles Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Baby Bottles .
• Baby Bottles Category & segment level analysis: Fact.MR’s Baby Bottles market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
• Baby Bottles market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
• Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments

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The market for Aerospace Floor Panel Market is expected to grow at a CAGR of 5.6% from 2022 to 2032, from an estimated USD 440 million in 2022 to USD 758 million in 2032. For the historical and base year data on the demand side of the Aerospace Floor Panel market, Fact.MR employs a bottom-up data collection methodology. Based on vehicle production and vehicle parc, the historical and base year Aerospace Floor Panel market size is calculated. (fleet on road). The team monitors vehicle production in the major nations and regions to analyse the OEM Aerospace Floor Panel market. They then compare this data with the typical usage of the product in a particular class of vehicles. (passenger car, light commercial vehicle, heavy commercial vehicle, and two wheeler).

For the aftermarket, the team monitors the vehicle parc (number of vehicles on the road) in well-known countries and regions and correlates this data with the rate at which each vehicle type replaces its products each year.

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Global Aerospace Floor Panel Market Segments

• By Aircraft Type, Global Aerospace Floor Panel Market is segmented as:
  • Narrow-Body Aircraft
  • Wide-Body Aircraft
  • Very Large Aircraft
  • General Aviation
• By Core Material, Global Aerospace Floor Panel Market is segmented as:
  • Nomex Honeycomb
  • Aluminum Honeycomb
• By Sales Channel, Global Aerospace Floor Panel Market is segmented as:
  • OEM
  • Aftermarket
• By Region, Global Aerospace Floor Panel Market is segmented as:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Some Notable Offerings by Fact.MR Report on Aerospace Floor Panel market:

• We will provide you an analysis of the extent to which this Aerospace Floor Panel market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

Key Companies Profiled

• The Gill Corporation
• TRIUMPH GROUP, INC
• The NORDAM Group, Inc.
• Rockwell Collins, Inc.
• Avcorp Industries Inc.
• EnCore Group
• EURO-COMPOSITES S.A.
• Zodiac Aerospace ECE
• Automated Dynamics Corporation
• SL Corporation
• Valeo S.A.
• Montaplast GmbH
• Other Key Players

How Fact.MR Assists in Making Strategic Moves For Aerospace Floor Panel Market Manufacturer?

• The information in the market study on Aerospace Floor Panels provides in-depth analysis of significant industry trends. Players in the industry may utilise this information to plan their possible company movements and generate impressive income in the next time frame.
• Along with an examination of the various products offered by market competitors, the research also includes a pricing trend analysis and a value chain analysis. This report’s major goal is to help businesses plan their strategic business actions and make data-driven decisions.

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According to a recently released Fact.MR report, the Omics Based Clinical Trials Market revenues were estimated to be US$ 26.2 Bn in 2021 and are projected to increase at a CAGR of 8.1% from 2022 to 2032. The market is anticipated to reach US$ 61.7 billion by the end of 2032. Throughout the analysis period, it is anticipated that the market for Interventional Studies will continue to be profitable.

Key market players made significant investments in the pharmaceutical sector as a result of the COVID-19 outbreak, which had a positive effect on omics-based clinical trials where the prevalence of chronic illnesses was the main driver. In light of the rising global prevalence and burden of chronic diseases like cancer, researchers are examining a wide range of biological targets that may act as markers of clinical risk as well as therapeutic targets.

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Market Segments Covered in Omics Based Clinical Trials Market Analysis

• By Phase Type :
  • Phase 1
  • Phase 2
  • Phase 3
  • Phase 4
• By Study Design Type :
  • Interventional Studies
  • Observational Studies
  • Expanded Access Studies
• By Indication :
  • Oncology
  • Cardiology
  • Respiratory Diseases
  • Skin Diseases
  • CNS Diseases
  • Immunology
  • Genetic Diseases
  • Other Indications
• By Region :
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Key Takeaways from the Market Study

• Global Omics Based Clinical Trials Market is expected to reach a market size of US$ 28.3 Bn by 2022.
• The phase II segment, which accounted for 37.2% of total revenue in 2021, dominated the market for omics-based clinical trials.
• Interventional Studies is expected to be the highest revenue generating segment between 2022 and 2032, with an expected growth of 4.9X.
• North America is projected to experience a CAGR of 8.1% across the 2022-2032 forecast period.

Competitive Landscape

The market for omics-based clinical trials is extremely competitive due to the presence of a significant number of developed as well as medium to small-sized organizations. The increased frequency of chronic diseases including cancer and heart disorders, as well as the growing demand for omics-based clinical trials in emerging countries, are propelling the market forward. Several strategies are being employed by companies to remain competitive.

• In December 2021, Rebus Biosystems Inc., a US-based life science technology company, announced that it has acquired the assay assets and intellectual property of EEL Transcriptomics AB, a privately held company specialized on high-plex spatial transcriptomics with single-cell resolution.
• In November 2021, ICON plc announced that its Accellacare Site Network had expanded its reach and capabilities as a consequence of new partnerships with six research sites in four countries.
• In February 2021, Parexel and Neo Genomics formed a precision medicine strategic alliance, with an objective of improving study designs and accelerating patient matching in oncology clinical trials.

Contact:

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The automotive smart display market is anticipated to expand at a CAGR of 5.1% from 2022 to 2032, with an estimated market value of USD 7.5 billion in 2022. Lighting is an important component of automobiles because it illuminates the road so the driver can see it. The lighting system makes the vehicle’s interior and exterior more aesthetically pleasing while also improving visibility.

It is expected that the European market will dominate the world market. The most significant producer and consumer of automotive smart displays in Europe is the German automotive smart display market. During the forecast period, it is expected that the regional market will grow at a CAGR of 5.9%. During the forecast period, the market is anticipated to be significantly influenced by the rising demand for autonomous and semi-autonomous vehicles, the expansion of luxury and high-end vehicles, and the desire for a better customer experience.

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Global Automotive Smart Display Market Segments

• By Display Size
  • 3”-5”
  • 6”-10”
  • >10”
• By Display Technology
  • LCD
  • TFT-LCD
  • Other Display Technology
• By Application
  • Advanced Instrument Cluster Display
  • Centre Stack Touchscreen Display
  • Rear Seat Entertainment Touchscreen Display
  • Other Applications
• By Vehicle Type
  • Compact Passenger Cars
  • Mid-sized Passenger Cars
  • Premium Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
• By Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Key Takeaways:

• Automotive smart display in Europe to be estimated at 26.4% in revenue terms
• Growth rate in Europe projected at 5.2% during the forecast period from 2022 to 2032
• Collective share of USA, Germany, and China, which are the top 3 contributing countries anticipated to hold a value of 46%
• LCD segment to secure a market share of 2/5^th and expand at a CAGR of 4.8% during the forecast period.
• North America to expand at a CAGR of 4.6% during the forecast period
• 6″-10″ Smart Display Size segment to expand at a CAGR of 5.7% during the assessment period.
• The mid-sized passenger cars segment to grow at a CAGR of 4.3% during the forecast period

Key Companies Profiled

• Alpine Electronics Inc.
• AU Optronics
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Japan Display Inc.
• Kyocera Corporation
• LG Display
• Magna International Inc.
• Nippon-Seiki Co, Ltd.
• Robert Bosch GmbH
• Panasonic Corporation
• Pioneer Corporation
• Valeo SA
• Visteon Corporation
• Yazaki Corporation

Competitive Landscape:

The players of the global smart display market are focusing on expanding their market reach. Various strategies such as; expansions, partnerships, collaborations, and acquisitions are some of the adopted methods to augment the expansion of the industry.

• On 30th July 2021, Alpine Electronics Inc. and IDEC inked a venture agreement to make profitable business by tapping expertise to deliver optimal products for industrial equipment markets and factory automation.
• On 14th April 2021, Kyocera Corporation and TactoTek Oy, announced partnership to develop and manufacture IMSE parts in it Japanese based production facility.

Key Questions covered in the Automotive Smart Display Market Report

• What is the global automotive smart display market scenario?
• How far is the global demand expected to reach over the forecasted period?
• Which is the leading region in the automotive smart display market?
• What was the last 5-year CAGR for the demand in the demand in the automotive smart display market?
• Who are the prominent players in the global automotive smart display market?

Contact:

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It is predicted that Contactless Coupler Market will generate $471 million in global sales. The market is expected to grow at a CAGR of 5.4% and be worth US$ 803 Mn by 2032. Currently, contactless coupler consumption worldwide makes up about 5% of the total coupler market. The objective of the research report on the contactless coupler market is to give readers a thorough understanding of the global market. Analysts have examined the major trends influencing the market’s future course. A review of the players’ prior accomplishments in the Contactless Coupler Market is also included in the research report. It also lists the major market trends that are most likely to be profitable.

We provide market intelligence based on your needs. This report can be altered to suit your company’s needs. Our unmatched pre-execution, execution, and post-execution engagement models help us meet client expectations. On threats and opportunities in the market, our analysts provide quantified B2B research. Additionally, they offer qualitative analysis of the world market for contactless couplers.

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Key Segments of Contactless Coupler Industry Research

• By Product Type:
  • FORJ Contactless Couplers
    • Single-Channel Contactless Couplers
    • Multi-Channel Contactless Couplers
  • Inductive Couplers
  • Capacitive Couplers
  • Others
• By Use Case:
  • Data Transmission
    • Less than 1 Gbps
    • 1-3 Gbps
    • 3-5 Gbps
    • Above 5 Gbps
  • Power Transmission
    • Upt300 W
    • 300-500 W
    • Above 500 W
  • Hybrid
• By End-use Industry:
  • Telecommunications
  • Energy & Utility
  • Electrical & Electronics
  • Healthcare & Medical Devices
  • Industrial Automation
  • Aerospace & Defense
  • Marine
  • Automotive
  • Others
• By Sales Channel:
  • OEMs
  • Aftermarket
• By Region:
  • North America Contactless Coupler Market
  • Latin America Contactless Coupler Market
  • Europe Contactless Coupler Market
  • East Asia Contactless Coupler Market
  • South Asia & Oceania Contactless Coupler Market
  • Middle East & Africa Contactless Coupler Market

Key Takeaways:

• The contactless coupler market is estimated to hold nearly 5% of demand share in the global coupler market.
• Based on application, the industrial automation segment is anticipated to account for US$ 171 Mn by the end of 2032.
• In terms of product type, the fiber optic rotary joints segment is estimated register growth at a CAGR of 5.5% during the forecast period.
• China contactless coupler market is expected to account for almost 58.3% share owing to the demand for efficient machineries.
• The U.S. contactless coupler market is projected to surpass US$ 127 Mn owing to the rapid advancements in industrial automation, defense, and aerospace sectors.

Competitive Landscape:

The global contactless coupler market is moderately fragmented owing to the presence of tier-1 players including Cobham France SAS, PHOENIX CONTACT, Moog, NSD Corporation, Spinner, and Schleifring GmbH. Top 5 players in the contactless coupler market will account for nearly 35% share.

Key players are focusing on strengthening their global footprint by adopting business strategies such as partnerships, collaborations, and others. Furthermore, some of the players are also advancing their production processes and updating their product portfolio to gain a competitive edge.

For instance,

• In April 2021, PHOENIX CONTACT recently developed CONTACTRON Speed Starter to bridge the gap between motor starters and variable frequency drives. This device without any complexities performs critical functions common in a variable frequency drive (VFD).

Key Companies Profiled by Fact.MR

• Balluff Inc
• Cobham France SAS
• LTN SERVOTECHNIK GMBH
• Turck Inc.
• BGB
• TE Connectivity Ltd.
• PHOENIX CONTACT
• Schleifring GmbH
• Radiall
• SMITEC S.p.A.
• Spinner
• Weidmüller
• Conductix-Wampfler
• Mercotac Inc.
• SMW Electronics
• Kubler Moflon
• Panlink
• Moog
• NSD Corporation

Following Questions Answers Covered in the Report are:

•  How will the global Contactless Coupler Market perform during the forecast period? What will be the market size in terms of value and volume?
• Which segment will drive the global Contactless Coupler Market? Which regional market will show extensive growth in the future? What are the reasons?
• How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
• What are the key strategies adopted by players to sustain themselves in the global Contactless Coupler Market?
• How will these strategies influence the market growth and competition?

Contact:

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Global sales of Perfume Market are projected to surpass US$ 69.7 billion by 2032, growing at a CAGR of 5.6% between 2022 and 2032, and are expected to reach US$ 40.4 billion in 2022. The study offers the perfume industry relevant and useful market data. The most recent research from Fact.MR includes details on market conditions in various nations as well as historical market data and industry forecasting. Additionally, the study offers information on the sales and demand of perfume in various industries and regions.

The market analysis performed by Fact.MR offers distinctive data on the market’s projected future growth. Significant trends that are influencing the growth of the perfume market are examined in the analysis. The market’s drivers, constraints, and opportunities for both established businesses and up-and-coming competitors involved in supply and manufacturing are all made clear in this recently published study, which explains important trends. The most recent Fact.MR study provides in-depth market research on perfume.

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Perfume Market Segmentation by Category

• By Product Type :
  • Eau de Parfum
  • Eau de Toilette
  • Eau de Cologne
  • Eau Fraiche
• By Customer Orientation :
  • Perfumes for Males
  • Perfumes for Females
  • Unisex Perfumes
  • Perfumes for Kids
• By Nature :
  • Synthetic Perfumes
  • Natural Perfumes
• By Price Range :
  • Mass Perfumes
  • Premium Perfumes
• By Perfume Type :
  • Citrus Perfumes
    • Bergamont
    • Lemon
    • Lime
    • Orange
  • Fruity Perfumes
    • Apple
    • Melon
    • Peach
    • Strawberry
  • Spicy Perfumes
    • Cinnamon
    • Cloves
    • Nutmeg
  • Floral Perfumes
    • Jasmine
    • Carnation
    • Rose
    • Violet
  • Green Perfumes
  • Woody Perfumes
  • Mossy Perfumes
  • Amber Perfumes
• By Sales Channel :
  • Online Sales/E-tailing of Perfumes
    • Company/Brand Websites
    • E-Commerce Platform
  • Offline Sales of Perfumes
    • Supermarkets/Hypermarkets
    • Franchise Outlets
    • Departmental Stores
    • Mono Brand Stores
    • Convenience Stores
    • Drug Store and Pharmacies
    • Multi-Brand Outlets
    • Other Sales Channels
• By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Key Takeaways from Market Study

• Eau de parfum, under product type, is likely to witness sales of close to US$ 25.7 Bn by 2032
• Based on customer orientation, the female and male segments are likely to have a market share of around 39% and 31%, respectively, by 2032.
• The natural segment is likely to expand at a CAGR of 5.8% over the forecast period of 2022–2032.
• Based on region, demand for perfumes is expected to increase at a CAGR of 6.3% and 6.7% in East Asia and South Asia & Oceania, respectively, over the forecast period.
• North America and Europe combined are likely to represent over 58% of the total market share in 2022.
• The East Asia market for perfumes is expected to be valued at US$ 11.6 Bn by 2032-end.

Market Developments

Companies and brands associated with perfumes are introducing innovative perfume packaging. This is attributed to consumers becoming increasingly aware of the environmental impact of their consumption habits, and to limit that, they are turning toward sustainable solutions.

Market participants are improving their presence through aggressive promotional activities. Industry frontrunners have captured a significant market share through robust distribution networks and integrated sales channels, thereby reducing their margin leakage. Long-term partnerships across various sales channels have enabled market players to generate consistent demand for perfumes across the world.

More Valuable Insights on Perfume Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Perfume, Sales and Demand of Perfume, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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A recently released Fact.MR study predicts that the global pet insurance market will expand at an astounding CAGR of 16.5% between 2022 and 2032.The market is predicted to reach US$ 45.6 Bn in value by 2032, according to this report. Pet insurance policies are in higher demand due to rising pet ownership and the trend towards animal humanization.

Demand for pet insurance increased at a 15% CAGR between 2015 and 2021, reaching US$ 8.5 billion. The COVID-19 pandemic presented a number of difficulties for pet owners, vets, veterinary clinics, and animal health businesses. Despite this, the sector reacted to the pandemic quickly by putting in place supportive measures to guarantee access to veterinary care and other services. The pandemic also made pet owners realise how crucial it is to purchase a pet insurance policy in order to lower financial risk.

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Key Segments Covered in the Pet Insurance Industry Survey

• By Coverage Type
  • Accident Only
  • Accident & Illness
  • Other Coverage Types
• By Animal Type
  • Cats
  • Dogs
  • Other Animal Types
• By Sales Channel Type
  • Bancassurance
  • Direct
  • Broker
  • Agency
  • Other Sales Channels
• By Region 
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Key Takeaways from the Market Study

• Global pet insurance market revenue to reach US$ 9.9 Bn by the end of 2022
• Europe to hold a revenue share of over 44% of the pet insurance market by 2022
• Asia Pacific region is projected to grow at the fastest rate of over 18% during the forecast period, 2022-2032.
• It is estimated that the accident and illness segment will hold the largest revenue share in 2022 at 85%.
• In 2022, the dogs segment will account for more than 50% of the market’s revenue.
• Direct sales dominated the market in 2021, projected to hold 34% of market revenue by 2022.

Competitive Landscape

Players implement various strategic strategies, such as launching new policies, forming partnerships and collaborations, and expanding regionally, in order to increase their market share.

• In June 2020, Veter Software, a provider of technology solutions for animals, signed an agreement with Trupanion. In this partnership, Vetter Software’s cloud-based veterinary practice management platform software was integrated with Trupanion’s software, enabling direct payments to veterinarians.
• AXIS Capital Holdings Limited entered the specialty insurance market in November 2021 by partnering with Managing General Underwriter Petplan. To gain steady growth in the market, its Accident and Health unit partnered up with Petplan.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583