Children’s Jerseys, Sweatshirts And Pullovers Market Application Outlook and Research Report

The global children’s jerseys, sweatshirts, and pullovers market size is expected to reach USD 33.05 billion by 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of 4.2% from 2021 to 2028. Advancements in synthetic fibers and supply chain management are anticipated to boost the growth of the global market. Increasing research activities and the growing adoption of synthetic fibers will support the industry growth. For instance, dry CELL technology fabric keeps moisture away from the skin. The rising popularity of character prints such as Star Wars, Dalmatians, Haribo, and other animals is likely to further boost the product demand in the global market.

Children’s Jerseys, Sweatshirts & Pullovers Market Report Highlights

• Asia Pacific is expected to expand at the fastest CAGR of 4.9% from 2021 to 2028. This can be attributed to the increasing population and rising disposable income in Asian countries.
• The jerseys type segment is anticipated to expand at the fastest CAGR of 4.8% from 2021 to 2028. Manufacturers are launching various jerseys with different logos of the sports teams that are dedicated to fans’ wardrobes.
• The online distribution channel segment is anticipated to register the highest CAGR of 4.6% from 2021 to 2028. The segment growth is attributed to the increasing demand from the younger generation due to convenience and ease.

Manufacturing apparel such as sweatshirts, jerseys, and pullovers requires various processes, including dyeing, printing, and washing. These processes consume harsh chemicals and a large amount of water that eventually cause environmental pollution. The devastating impact on the environment and rising awareness regarding it are expected to restrain further the market growth.

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The Covid-19 pandemic impacted the market for children’s jerseys, sweatshirts, and pullovers, dropping the total sales of the product. Due to the Covid-19 restrictions, market activities across the supply chain were affected, halting manufacturing, trading, and sales. However, the growth of the market is expected to recover with the resumed trade and business activities and relaxed restrictions.

The sweatshirts type segment held the largest revenue share of more than 35.0% in 2020. Sweatshirts are simple, comfortable, and made of fleece from the inside, which provides extra warmth and absorbs sweat. Sweatshirts have become a basic and essential wardrobe item. Rising consumer preference for comfort and convenience, along with the use of sweatshirts as a style and fashion statement, is contributing to the segment growth.

The online distribution channel segment is anticipated to register the highest CAGR of 4.6% from 2021 to 2028. The segment is chiefly driven by the increasing demand from the younger generation due to convenience and ease. Moreover, the emergence, expansion, and penetration of online retailers in new geographies and demographics are anticipated to propel the segment growth. Penetration of internet services and the rising affordability of smartphones are likely to surge the usage of online distribution channels.

Europe held the largest revenue share of over 30.0% in 2020. The region has a strong presence of key players in the market. The regional market growth can also be attributed to the extensive and highly-developed distribution network. Further, consumers in the European countries have higher per capita disposable income and apparel spending, along with increased awareness regarding the trends.   

Books & Reference Market Size, Product Estimates, Trend Examination & Impact of COVID-19

The global books and references market size is expected to reach USD 17.9 billion by 2028, according to a new report by Million Insights. The market is expected to witness a CAGR of 14.1% from 2021 to 2028. The market growth is owing to the rising demand for in-built audiobook apps across the globe. A surge in the adoption of digital content of e-learning books from the consumers of India is further refueling market growth.

Growing demand for reading subscription services in the Asia Pacific is refueling market growth. Increasing demand for digital access to children's comics across the globe is anticipated to boost the market growth. Cloud technology-based digital apps and the availability of several online books on the platform of google play store and apple iOS store are propelling the market growth.

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Books And References Market Report Highlights

• The Asia Pacific made the largest contribution to the market and accounted for a revenue share of over 50.0% in 2020. This can be credited to the rising demand for virtual learning-based audiobooks from the consumers of China and Japan
• The google play store segment accounted for the highest revenue share of over 65.0% in 2020. This can be credited to the rising demand for google translate oriented e-book products from the consumers of Brazil and Saudi Arabia
• The Apple iOS Store segment is projected to witness a CAGR of 15.5% from 2021 to 2028. This can be attributed to the growing disposable income of the consumers of emerging economies such as China and India to adopt iOS-based Apple books
• In the Middle East and Africa, the market is projected to witness a CAGR of 16.8% from 2021 to 2028. Soaring demand for portable e-book apps in South Africa is estimated to escalate market growth over the forecast period

Key players are focusing to provide eye-care-oriented e-book apps. Several companies are providing virtual digitalize access to magazines, books, and newspapers. The surge in the adoption of 5G network-based smartphones across the globe will create lucrative opportunities for the global key players.

Apple iOS Store segment will register the highest growth rate over the forecast period. This can be credited to the growing demand for Excellent UI and fluid responsive iOS-based stores. Jailbreaking for customization features is refueling the market growth. A properly integrated app, a more secured Apple iOS Store, and a technologically advanced audiobook feature also reflect the significant market growth during the forecast period.

The Asia Pacific dominated the market and accounted for a revenue share of over 50% in 2020 due to the growing demand for downloadable e-book options from the consumers of China and India. Moreover, the rising demand for technology-based e-magazines in Japan is anticipated to boost the market growth.

Casino Gaming Equipment Market COVID-19 Impact Insights, Product Outlook & End-user Analysis

The global casino gaming equipment market size is expected to reach USD 15.31 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 4.7% from 2021 to 2028. The liberalization of casinos in several countries and increased spending on gambling are the major factors driving the market. Increasing customer footfall forces casino operators to increase the casino gaming equipment to meet consumer demand.

Casino Gaming Equipment Market Report Highlights

• North America captured the largest share of over 38.0% in 2020. The U.S., Canada, and Mexico are significantly contributing to the regional market growth
• By product type, the casino tables segment is projected to expand at the fastest CAGR of 5.4% from 2021 to 2028 as table games are most popular among the professional gamblers
• Asia Pacific is projected to register the fastest CAGR of 5.3% from 2021 to 2028. The presence of a large number of global players and the increased popularity of gambling will drive the regional market growth
• The slot machines product type segment held the largest share of more than 50.0% in 2020. The affordability and popularity of slot machines and the availability of different games on slot machines will drive the segment in the years to come

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The increased intervention of technology will boost market growth. Gambling is a big business all around the world, and almost every country has casinos. The growing popularity of gambling attracts big players and encourages them to expand casinos all around the world. Gaming equipment with trending games is essential for every casino to keep the consumers engaged, thereby fueling the market growth.

Increased middle-class population, rise in disposable income, and augmented spending on gambling will drive the market globally. In addition, manufacturing companies are coming up with technologically advanced products to meet the casinos’ increased demand for digital gaming to provide a better gaming experience.

The economic slowdown in the COVID-19 pandemic has had a negative impact on market growth. As most of the countries worldwide faced the lockdown, like other industries, the gaming industry also witnessed a slowdown in economic growth during the pandemic period. However, it is expected that as things get normalized post-2021, the industries are expected to pace up their operations and thus, in turn, open new growth opportunities for the market in the upcoming years.

Search Advertising Market Impact of COVID-19, Growth Drivers and Retail Channel Analysis

The global search advertising market size is expected to reach USD 318.1 billion by 2028, registering a CAGR of 8.6% over the forecast period, according to a new report by Million Insights. The increasing popularity of digital advertising tools among various industries in recent years to offer information about their company and products is expected to accelerate the market growth. The growing adoption of paid search advertisements across the emerging economies is accelerating market growth over the last few years. Moreover, technological developments in Artificial Intelligence (AI) and Machine Learning (ML) have allowed to delivery of customized advertising content to the customer, this has led to significant growth of the market.

Search advertising is rapidly gaining popularity owing to its effectiveness, having more engagement of customers, and higher conversion rates, thus accelerating the market growth. The lockdown situations observed across the world during the COVID-19 pandemic created a slight decline in growth due to many advertisers slashing marketing budgets or pausing advertising spending for a shorter period. The increasing spending on digital advertising after the ease of several restrictions is expected to boost the growth of the market over the forecast period.

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The mobile segment is expected to register the highest CAGR of 9.1% from 2021 to 2028. The increasing number of smartphones users and the rising internet penetration rate across the globe are some of the key factors propelling the growth of the segment over the forecast period. Additionally, rising investments in search advertising by the various advertisers due to the high engagement of customers in the mobile segment are also projected to drive the growth of the market in the forthcoming years.

The consumer goods segment is expected to register a high CAGR of 10.5% from 2021 to 2028. The rising popularity of search engine advertising for promoting the brand and building product awareness is driving the growth of the market. The growing sale of consumer goods through search advertising is expected to accelerate the growth. Additionally, the rising advertising spending by consumer goods companies in recent years is a major driving force for the market.

North America dominated the market with a revenue share of more than 35% in 2020. Technological advancements in Augmented Reality (AR), and Virtual Reality (VR) have created growth opportunities over the forecast period. Furthermore, the rapidly growing number of internet users across the region is upsurging the market growth. Moreover, the increasing investments associated with digital advertising, especially in search engine advertising are expected to drive the market growth in this region.

The market is characterized by the presence of various established market players of search advertising across the globe. Some of them are Google, Amazon, Microsoft, and Yahoo along with numerous small and medium players. Companies are focusing on launching new functions to meet consumers’ expectations by offering a trending digital advertisement format. For instance, in July 2020, Google has launched new features to aid advertisers to make their products stand out in web search results and on other platforms. The vendors are expanding their reach across the globe with an innovative business model. Such initiatives are expected to boost product adoption.

Music Events Tickets Market Porter's Five Forces Analysis and COVID-19 Impact Insights

The global music events tickets market size is expected to reach USD 18.17 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 18.4% from 2021 to 2028. The significant growth in the music event industry across the globe can be credited to the rising popularity of music artists across the globe. Moreover, the growing digitalization and access to online media platforms are the other factors propelling the market growth. In addition, the monotony of hectic life and an increase in disposable income are some other factors offering growth to the global music event industry that further support the market growth.

The market witnessed a significant downfall during the Covid-19 due to the cancellation of live music events across the globe. The market is mainly impacted due to the rapidly changing conditions, which have compelled the government to impose a ban on all the activities that involve the social crowd. The first step taken by the government of almost all the developed and emerging economies, which includes the U.S., China, India, the U.K., and Germany, was to shut down schools, theaters, live events, and amusement parks. In addition, several musicians that have their concerts amidst the lockdown have planned to stream live performances that further result in the revenue loss of online ticket providers that further impact the market growth.

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Music Events Tickets Market Report Highlights

• North America captured the largest revenue share of over 40.0% share in 2020. The strong and wide presence of key players and long-standing demand for online music events tickets owing to high smartphone users are contributing to the market growth
• Asia Pacific is expected to register the highest CAGR of 19.7% from 2021 to 2028. China and India are positively contributing to the growth of the market
• The digital tickets type segment is forecasted to register the fastest CAGR from 2021 to 2028. A significant rise in smartphone users across the globe further contributed to the growth of the market

The digital tickets type segment is forecast to register the highest growth rate from 2021 to 2028. The market is mainly driven by the growing trend towards easy and convenient access to live music events across the globe to avoid the crowd. Moreover, the growing trend towards using mobile applications to get digital tickets, coupled with the rising penetration of smartphones across the globe, will support the industry demand. In addition, easiness coupled with purchasing tickets through internet-enabled smartphones and tablets is projected to significantly contribute to the music event ticketing industry.   

Europe held the second-largest revenue share in 2020. Well-developed countries such as Germany, the U.K., and France are positively contributing to the market revenue. The high growth can be credited to the strong presence of large music event organizing companies and ticket providers, along with the long-existing demand for online tickets. Additionally, higher GDP, per capita income, and per capita spending on music events and cultural activities in the European countries altogether result in strong sales and increased adoption of online music event tickets. Europe is observed to be one of the best tourist destinations across the globe as it includes a number of hotspots, theme parks, and live events that further support the market growth.

Prestige Skin Care Market Business Drivers, Prominent Companies and Impact of COVID-19

The global prestige skin care market size is expected to reach USD 36.80 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 5.8% from 2021 to 2028. Increasing consumer focus towards personal appearance and grooming is considered to be a major factor driving the demand for prestige skincare products at the global level. In addition, increasing brand recognition and growing popularity of prestige skincare via social media is anticipated to fuel the product demand.

Product innovations by key players will contribute to market growth. Moreover, the growing customer preference for prestige skincare is a prominent trend expected to boost the market growth. At present, key players are focusing to provide the best skincare products. Hence, the luxury segment is expected to witness significant growth during the forecast period.

Prestige Skin Care Market Report Highlights:

• Asia Pacific is expected to register the fastest CAGR of 6.3% from 2021 to 2028 owing to the rising demand for prestige skincare products in this region
• By product, the skin care products segment accounted for the largest revenue share of over 60.0% in 2020 owing to the increasing demand for beauty products
• The luxury cosmetics product segment will register the highest growth rate of 6.0% from 2021 to 2028 due to the growing adoption of these products
• The offline distribution channel segment dominated the market with a revenue share of over 65.0% in 2020. This can be credited to the high demand for prestige skin care products among customers due to the more sustainability offered by the offline channel

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Due to the Covid-19 pandemic, the sales of prestige skincare products were dropped drastically in various countries. For example, according to Jon R. Moeller, Vice Chairman at P&G, the Japanese brand of prestige skincare was declined by 10% in the third quarter year of 2020. Hence, the financial status of various cosmetic industries had been jeopardized by the outbreak of Covid-19.

The skincare products segment accounted for the largest revenue share of over 60.0% in 2020 owing to the increasing demand for beauty products. Skincare products are used to enhance the appearance of an individual, which includes the face and the overall body. Skincare products include products such as nail foundation creams, pressed powders, and other products. In addition, growing product advertisement by various popular personalities on social media has increased the demand for skincare products. Hence, the segment is estimated to witness growth over the forecast period.

The online segment is estimated to witness significant growth over the forecast period. Prestige skincare products can be purchased at a low price via online platforms. Such channels have the ability to provide various benefits such as free shipping, coupon benefits, doorstep delivery, and other offers. Moreover, the rising incidence of app-based sellers that are significantly popular is driving the segment.

North America dominated the market and accounted for a revenue share of over 40.0% in 2020 due to the high demand for prestige skincare products in the U.S and Canada. Increasing purchasing power of customers in this region is another major factor boosting the market growth. In addition, the rise in the working women population is aiding in the market growth in this region.

Badminton Apparel Market Porter's Five Forces Analysis and Technology Landscape

The global badminton apparel market size is expected to reach USD 29.5 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 6.3% from 2021 to 2028. An increasing number of national and international badminton tournaments, rising interest of kids in sports, and supportive government policies are expected to promote market growth over the next few years. Additionally, the rising number of participants, training institutes, and playgrounds are directly impacting the market demand.

During the COVID-19 pandemic and lockdown imposed by the governments of various countries, citizens preferred to stay at home as a precautionary measure. Various sports events, exhibitions, and other public events were canceled across the world. Due to this, the overall production and supply chains were disturbed. Due to this, the market experienced a shortfall in sales of apparel due to restricted production, disturbed supply chains, and reduced demand. However, the market is expected to witness healthy growth in the upcoming years after COVID restrictions are eased.

The skirts product segment is expected to expand at the highest CAGR of 7.6% from 2021 to 2028. Manufacturers design skirts for female players to be comfortable, confident, and modest while playing badminton. These skirts enable freedom of movement and moisture management. Moreover, skirts avoid yeast infections. With all these advantages, this segment is expected to grow during the forecast period.

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The female gender segment is estimated to expand at the fastest CAGR of 6.9% from 2021 to 2028. With the cultural and political shifts from traditions, it has been witnessed that females are capable of achieving success in sports. Female players are stronger and faster than earlier. The governments are also offering sponsorships for females to train and participate in tournaments. Thus, this segment is expected to grow during the forecast period.

The online distribution channel is expected to register the highest CAGR of 7.7% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular among citizens for shopping due to their simplicity and convenience. Products are available at economic rates via online channels compared to offline channels. End users believe in the brands that manufacture quality products. Moreover, end users choose the most believed shopping portals or mobile apps to purchase.

Asia Pacific held the largest share in 2020 and is estimated to expand at the highest CAGR from 2021 to 2028. Countries such as China, Japan, and India are positively contributing to the growth of the market. The growing population, the presence of a large number of participants, rising badminton fans, and the presence of multiple manufacturers are boosting the market growth in this region

Badminton apparel include outerwear clothing that are used while playing badminton. Players demand specially designed apparel such as T-shirts, skirts, shorts, sweaters, jackets, long pants, leggings, wristbands, headbands, and socks. These apparel can absorb sweat and dry quickly and have stretchable fabric, allowing easy movements while playing.

Men's Coats And Jackets Market Porter's Five Forces Analysis and COVID-19 Impact Insights

The global men’s coats and jackets market size is expected to reach USD 68.60 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 5.1% from 2021 to 2028. Rising acceptance of the corporate culture and the need for the protection of the body from the changing atmosphere is contributing to the growth of this market. Additionally, rising per capita income and increasing purchasing power are the key factors fueling the growth of this market. Manufacturers are focusing on expanding their customer base by offering discounts and reaching them via different ways, such as e-commerce platforms.

The cellulosic fiber segment is estimated to register the highest CAGR of 7.1% from 2021 to 2028. Cellulosic fiber is obtained after the chemical processing of cotton linters and wood pulp. The segment is used to create a variety of fabrics, such as denim, corduroy, muslin, linen, and organza. With the increasing popularity of these fabrics among consumers, it is expected that the segment will witness momentous growth over the forecast period.

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The online distribution channel is estimated to register the highest CAGR of 6.5% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular among consumers for shopping due to the simplicity and convenience associated. Products are available at economic rates via online channels compared to offline channels. Moreover, end users choose the most believed shopping portals or mobile apps to purchase. Thus, the growth of this segment is observed to be more.

Asia Pacific is expected to expand at the highest CAGR of 6.5% from 2021 to 2028. China and India are positively contributing to the growth of the regional market. With a growing population, an increasing number of working women, and changing fashion trends, the region is witnessing high demand for apparel. Many multinational companies are expanding in this region due to the low labor cost and the easy availability of raw materials, resulting in low manufacturing costs.

During the COVID-19 pandemic and lockdown situation, the governments of various countries restricted the physical movement and citizens preferred to stay at home as a precautionary measure. Various sports events, exhibitions, and other public events were canceled across the world. Moreover, corporate offices are opened with a less number of employees while most of the employees are working from home. Due to the restricted production, disturbed supply chains, and reduced demand, the market experienced a shortfall in the sales of apparel. However, it is expected that the market will soon witness healthy growth in the upcoming years after COVID restrictions are eased. 

Handkerchief Market COVID-19 Impact, Porter's Analysis and Technology Landscape

The global handkerchief market size is expected to reach USD 14.05 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 4.8% from 2021 to 2028. Consumers’ increased preference for personal care products, coupled with the rising demand for environment-friendly products, will drive the market. Increased use of handkerchiefs among men and women for multiple purposes, such as hygienic and fashion, will drive the market globally. In the last few decades, handkerchiefs have been largely replaced by facial tissues. However, the growing awareness among consumers about environment-friendly products helps them realize facial tissues have adverse effects on the environment as they are not recyclable. These factors have led to a shift in consumers’ preferences toward handkerchiefs as they are reusable and durable.

 

The growth of the middle-class population, rise in disposable income, and increased spending on fashionable and trendy products will drive the market in the years to come. The product plays a vital role for anyone’s personal hygienic purposes, such as wiping the face or hand or blowing one’s nose. It is an important tool in everybody’s life as it is used to dry the wash hands, clean the running nose, and dumb away forehead moisture. Handkerchiefs made of cotton or silk materials have high acceptance among consumers.

Manufacturing companies are launching new products by considering consumers’ choice preferences and are coming up with a variety of design patterns and sizes to attract a large number of consumers across the world. The availability of top brands and consumers’ inclination toward trendy products make handkerchiefs an essential tool for every individual.

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Product Type Insights:

The cotton segment held the largest share of more than 60.0% in 2020. Cotton products have high demand in the global market as they have high absorption power, high durability, and are light in weight, making them a favorite among users. There are a variety of cotton used to make handkerchiefs like sateen cotton, organic cotton sateen, cotton lawn, and cotton poplin.

The silk segment is estimated to register the fastest growth rate of 5.2% from 2021 to 2028. Silk is softer in touch, good for human skin, and most hypoallergenic of all the fabrics. Silk hankies are widely used as a pocket square as they are used as a decorative accessory in a suit pocket. The easy availability of top brands in a variety of design patterns and increasing demand for pocket squares will drive the segment in the years to come.

List of Key Players of Handkerchief Market

• Kamawanu
• Libeco
• Gucci
• Ralph Lauren
• Louis Vuitton
• Dior
• Levi Strauss & Co.
• Selected
• Adidas
• Nike
• Versace
• The Dapper Tie
• Ted Baker
• Chanel
• Prada

COVID-19 Impact:

The economic slowdown in the COVID-19 pandemic has had a negligible impact on market growth. As most of the countries worldwide faced the lockdown, like other industries, the textile industry also witnessed a slowdown in economic growth during the pandemic period. However, the market sustained during this period owing to the easy availability of the product through online portals. It is expected that as things get normalized post-2021, the textile industry is expected to pace up its operation. This, in turn, is expected to open new growth opportunities for the market in the upcoming years.

Bar And Wine Accessories Market Porter's Five Forces Analysis and Technology Landscape

The global bar and wine accessories market size is expected to reach USD 3.37 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. The rising consumption of alcoholic beverages, such as wine and whiskey, in countries such as the U.S., the U.K., India, and Germany, especially among young consumers, coupled with the continued population growth, rapid urbanization, and increasing disposable income, is expected to positively influence the market demand.

Bar & Wine Accessories Market Report Highlights

• By product type, decanter and glass held the largest share in 2020 and is expected to expand at the highest CAGR over the forecast period. Glass decanters are commonly used to store and dispense wine and other alcoholic beverages. It is available in a variety of sizes and shapes and is usually made of glass
• Europe is projected to register a CAGR of 5.1% from 2021 to 2028. Germany accounted for the largest share of 22.7% in 2020, followed by the U.K.
• The restaurants and bars application segment held the largest share in 2020 and is projected to register a substantial growth rate over the forecast period. The growing trend of nightlife and parties at pubs, bars, and restaurants among millennials and increasing consumption of alcoholic drinks, such as wine and beer, are preliminarily expected to drive the segment

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List of Key Players of Bar & Wine Accessories Market

• Arc International
• Bormioli Rocco
• Tablecraft Products Company, Inc.
• Libbey
• Steelite international
• Ozeri
• Lifetime Brands, Inc.
• Pulltap's
• Coravin
• Sempli

Product Type Outlook:

• Decanter & Glass
• Corkscrews & Openers
• Cocktail Shaker
• Others

The decanter and glass product type segment captured the largest share of more than 40.0% in 2020 and is expected to expand at the highest CAGR over the forecast period. Decanters are used to store wine and premium whiskeys to prevent evaporation. The demand for decanter and glass is expected to grow over the forecast period due to the growing consumption of wine and whiskey worldwide. The decanter's major advantage is that it helps to maintain the freshness of the drink by preventing air from entering the decanter.

Regional Outlook:

Asia Pacific is expected to expand at the fastest CAGR from 2021 to 2028. The region is home to over 4 billion people, making it one of the world's largest markets. Furthermore, post COVID-19 pandemic, the region is anticipated to witness rising employment, inflating disposable incomes, and enhancing living standards. These factors will result in the high consumption of most products in the region, creating an enormous opportunity for bar and wine accessories manufacturers.  Industry participants practice several inorganic and organic growth strategic initiatives to expand their product/service portfolio and enhance their foothold across the industry.

CBD Snacks Market Revenue Opportunities, Challenges and COVID-19 Impact Insights

The global CBD snacks market size is expected to reach USD 2.05 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 15.5% from 2021 to 2028. Rising consumers’ inclination towards the consumption of CBD snacks and increasing research activities to develop new products are driving the market. Moreover, the increasing population and rising disposable income are contributing to the market growth.

List of Key Players of CBD Snacks Market

• Aurora Cannabis
• Cannabinoid Creations
• Canopy Growth Corp.
• CBD American Shaman
• CV Sciences, Inc.
• Dixie Brands
• Elixinol Global Limited
• FOLIUM BIOSCIENCES
• Green Roads
• Isodiol International Inc.

CBD Snacks Outlook:

• Baked Goods
• Non-alcoholic drinks
• Candies
• Snacks
• Others

The non-alcoholic drinks segment is expected to expand at the highest CAGR of 17.7% from 2021 to 2028. Being more nutrition conscious, consumers are shifting toward non-alcoholic drinks from alcoholic drinks. Moreover, citizens are aware of the side effects of the consumption of alcohol. These factors are expected to drive the market over the forecast period.

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Flavor Outlook:

• Berry
• Chocolate
• Citrus
• Others

The chocolate flavor segment is anticipated to expand at the highest CAGR of 16.8% from 2021 to 2028. The snack food items coated with chocolate are gaining popularity among consumers, which, in turn, is expected to contribute to the growth of this segment.

Distribution Channel Outlook:

• Offline
• Online

The online distribution channel segment is expected to register the fastest CAGR of 16.9% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular among the young population, which triggers market growth.

Regional Outlook:

North America held the largest revenue share of over 30.0% in 2020. Countries such as the U.S. and Canada are positively contributing to the market revenue. The presence of nutrition-conscious citizens in the region and the increasing consumption of CBD snacks are contributing to the growth of this market. Additionally, the presence of major producers and the approval of the U.S. Farm Bill 2020 are expected to drive the industry.

Manufacturers are looking to maintain their brand image and gain customer loyalty by offering innovative CBD snacks as per customer specifications and analyzing consumer behavior patterns. Key players in the market are offering various flavors, such as berry, chocolate, citrus, coconut, vanilla, caramel, and pineapple.

Luxury Pen Market Prominent Global Players and Recent Developments, 2028

The global luxury pen market size is expected to reach USD 322.1 million by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 1.9% from 2021 to 2028. Increasing spending on luxury products among middle-income consumer groups is a status symbol, and the rising demand for customized and personalized luxury pens is expected to promote market growth over the next few years. The increased adoption rate and growing popularity of the product in major economies, including the U.S., Germany, the U.K., and China, are projected to open new avenues in the next few years.

List of Key Players of Luxury Pen Market:

• T. Cross Co. LLC
• Aurora Penne
• Bespoke British Pens
• Lamy Inc.
• Montblanc International GmbH
• Elmo & Montegrappa S.p.A.
• Faber-Castell
• FISHER SPACE PEN CO
• Franklin-Christoph
• Graf von Faber-Castell

Product Outlook:

• Fountain
• Ball Point
• Roller Ball
• Fineliner
• Others

The fineliner product segment is expected to expand at the highest CAGR of 2.5% from 2021 to 2028. Artists use fineliner pens to draw special effects compared to the traditional ones. Hence, fineliner products are in more demand for graphics, painting, and sketching purposes. Such arts compel citizens to spend money, thus increasing the demand for fineliner.

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Distribution Channel Outlook:

• Supermarkets & Hypermarkets
• Specialty Stores
• Online
• Others

The online distribution channel segment is expected to register the fastest CAGR of 12.2% from 2021 to 2028. Online channel is becoming popular among the consumers as products are made available at economical prices compared to offline. Citizens prefer online shopping channels such as portals and mobile apps due to the simplicity and convenience.

Regional Outlook:

In Asia Pacific, the market is expected to register the fastest CAGR of 4.1% from 2021 to 2028. The growing population in developing countries, including China and India, changing lifestyles, and the increasing disposable income boost the demand for luxury pen products in the region.

Manufacturers are looking to maintain their brand image and gain customer loyalty by offering innovative products as per customer specifications and analyzing consumer behavior patterns. Key players in the market are offering customized and personalized designs with diamonds, gold, platinum, and other high-valued materials used for crafting.