Report Overview-

According to Fortune Business Insights the Global   Video Games Market   size stood at USD 188.73 billion in 2021. It is projected to grow from USD 199.74 billion in 2022 to USD 307.19 billion in 2029 at a CAGR of 6.3% over the forecast timeframe. The market is set to gain traction from increasing technological advancements.

List of Key Players Present in the Market :

• Sony Group Corporation (Japan)
• Microsoft (U.S.)
• Nintendo (Japan)
• Tencent (China)
• Activision Blizzard (U.S.)
• Electronic arts (U.S.)
• Epic Games (U.S.)
• Take-two interactive (U.S.)
• Ubisoft (France)
• Bandai Namco Holdings Inc. (Japan)

Report Coverage-

The report provides an extensive overview of key drivers and challenges impacting market augmentation over the forecast timeframe. It studies the market thoroughly by fragmenting it into segments and regions. Growth rate and market share estimates of each segment and region are documented as well. Moreover, the report encompasses company profiles section that briefs readers about strategic moves made by leading players and enables them to make informed decisions.

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Segments-

Increasing Penetration of Smartphones will Drive Market Growth

Based on device, the global market is split into smartphones, PC/laptop, and consoles. Among these, the smartphones segment held the largest video games market share. Increasing adoption of smartphones and easy access to 5G networks resulted in a rise in the number of gamers. Technological advancements in smartphones and availability of high speed internet have boosted mobile gaming, which will also aid market proliferation.

Technological Advancements and Tech Savvy Populace will Aid Market Proliferation

According to age group, the market is divided into generation X, generation Y, and generation Z. Generation Z is tech savvy as they grew up in an era of technological advancements, availability of high speed internet, and growing smart phone penetration.

Launch of Gaming Smartphones Will Propel the Market

As per platform type, the market is arrayed into online and offline. Among these, the online segment captured the largest share due to launch of new smartphones with advanced features, increasing digitization, and rapid internet penetration. The segment consists of various types of games such as first-Person Shooter Games (FPS), Multiplayer Online Battle Arena Games (MOBA), Real-Time Strategy Games (RTS), Battle Royale games, and others.

Geographically, the market is fragmented into North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Drivers & Restraints-

Increasing Integration of Advanced Technologies will Stimulate Industry Expansion

The growing integration of 3D, sound effects, high-definition graphics, Augmented Reality (AR), and Virtual Reality (VR) in games increases their appeal. Video games nowadays are very realistic due to their high-quality visual effects, sound effects, and detailing. A shift toward user centricity and personalization is further contributing to the global video games market growth.

On the other hand, rising concerns regarding growing aggression among teenagers due to the promotion of violence in games will act as a challenge for businesses operating in this domain.

Regional Insights-

Asia Pacific to Dominate Stoked by Presence of Leading Players

Asia Pacific is a leading contributor to market growth owing to the presence of leading companies in the region and rising internet and smartphone penetration. The growing usage of smartphones urges developers to focus on developing multiplayer video games such as PUBG and COD to meet the demand of expanding consumer base, which, in turn, propels market expansion.

North America is projected to grow rapidly owing to expanding gaming community, easy access to internet, and availability of devices with advanced technology.

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Competitive Landscape-

Product Launches to Promote Market Augmentation

Leading companies often make strategic decisions such as partnerships, mergers & acquisitions, collaborations, and investments in research & developments to maximize profits. One such decision is to launch new products with advanced features to meet growing consumer requirements.

Key Industry Development-

• July 2022:   Asus launched the new ROG Phone 6 Pro and ROG Phone 6 and expanded its gaming smartphone line. The phones have IPX4 rating, latest Snapdragon 8+ Gen 1 system-on-chip, 512 GB storage, and up to 18GB RAM.

Market Overview:

According to Fortune Business Insights Global   Fast Fashion Market   size was valued at USD 148.23 billion in 2024. The market is projected to grow from USD 162.76 billion in 2025 to USD 317.98 billion by 2032, exhibiting a CAGR of 10.04% over the forecast period.

The global fast fashion market is experiencing dynamic growth, driven by the rising demand for affordable and trend-driven clothing. Fast fashion refers to the rapid production of high-volume, low-cost clothing that mimics current fashion trends. This business model allows retailers to deliver styles from the runway to consumers at breakneck speeds, often within weeks.

The market has expanded significantly due to changing consumer behavior, particularly among younger demographics, as well as the increasing influence of social media, celebrity endorsements, and fashion influencers. The convenience of e-commerce and mobile shopping apps has further accelerated market adoption globally.

List of Key Players Mentioned in the Report:

• H&M (Sweden)
• Zara (Spain)
• Fast Retailing (Japan)
• Mango (Italy)
• Shein (Singapore)
• Gap (U.S.)
• Aditya Birla Fashion and Retail Limited (India)
• ASOS (U.K.)
• Fashion Nova (U.S.)
• Cotton On (Australia)

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Market Trends

• Rise of Sustainable Fast Fashion:   Brands are adopting eco-friendly materials and ethical sourcing to align with consumer awareness about sustainability.
• Influencer & Social Media-Driven Purchases:   Platforms like TikTok and Instagram play a vital role in trendsetting and fast conversion of styles into purchasable items.
• AI & Data-Driven Design:   Retailers are using AI to forecast demand, automate design, and optimize inventory to minimize waste.
• Increased Online Penetration:   The growing preference for online shopping platforms has led to higher investments in mobile apps and virtual try-on features.

Report Coverage

This report provides an in-depth analysis of the global fast fashion market, examining crucial aspects such as market size, growth forecasts, and segmentation by product type, end-user, distribution channel, and geographic region. It explores evolving consumer preferences, emerging trends, and technological innovations influencing the market. Additionally, the report assesses the competitive landscape and identifies the key drivers, challenges, and opportunities shaping the industry's trajectory. Strategic insights are also offered to guide stakeholders and potential entrants in navigating the dynamic fast fashion landscape.

Market Restraints

• Environmental Concerns:   The fast fashion model contributes significantly to textile waste, pollution, and carbon emissions, attracting criticism from sustainability advocates.
• Labor & Ethical Issues:   Poor working conditions and low wages in supply chains can damage brand reputation and invite regulatory scrutiny.
• Short Product Lifespan:   Overproduction and poor quality often result in increased returns and lower customer satisfaction.

Regional Insights:

The fast fashion market shows strong regional dynamics, with   Asia Pacific   leading due to large-scale textile manufacturing, rising disposable incomes, and a young, fashion-forward population.   Europe   remains a key hub, driven by established brands and a deep-rooted fashion culture.   North America   follows closely, fueled by online retail growth and influencer-driven trends. Meanwhile,   Latin America   and the   Middle East & Africa   are emerging as high-potential markets, supported by expanding urbanization and increasing digital penetration.

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Key Industry Development:

• October 2024:  Siyaram Silk Mills, an India-based clothing company, announced the launch of its new fast-fashion retail stores across India. According to the company, these stores would feature the latest collections under the brand name ZECODE.

• July 2024:  SHEIN, a Singapore-based fast-fashion brand, announced its launch in India through a partnership with Reliance Retail, an Indian-based retail company. According to the company, SHEIN will be available on reliance retail apps and storefronts.

Key Market Insights

According to Fortune Business Insights, the Global   Eye Makeup Market   was valued at USD 12.44 billion in 2024 and is expected to reach USD 20.38 billion by 2032, growing at a CAGR of 6.5% during the forecast period. In 2024, the Asia Pacific region led the market with a dominant 47.43% share, driven by rising disposable incomes and the increasing influence of beauty trends promoted through social media.

Eye makeup products such as eyeshadow, mascara, and eyeliner are widely used—especially among women—to enhance eye aesthetics and overall appearance. The market’s growth is supported by rapid urbanization, evolving lifestyles, and a heightened focus on personal grooming, all amplified by the widespread reach of social media platforms.

Competitive Landscape

The global eye makeup market is fragmented, with significant competition between international and regional players. Key companies include:

• Faces Canada (India)
• Revolution Beauty Ltd. (UK)
• Morphe Brushes (U.S.)
• Natura & Co (Brazil)
• e.l.f. Cosmetics (U.S.)
• Huda Beauty (UAE)
• Shiseido Company (Japan)
• L'Oréal S.A. (France)
• The Estée Lauder Companies Inc. (U.S.)

Players focus on expanding product portfolios, increasing online presence, launching innovative products, and leveraging celebrity endorsements to enhance brand visibility.

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Market Trends

One of the most significant trends is the increased adoption of virtual try-on tools powered by augmented reality (AR) and artificial intelligence (AI). These technologies enable consumers to simulate makeup applications digitally, enhancing customer engagement and personalization. Companies like Perfect Corp. offer hyper-realistic 3D makeup simulations that are revolutionizing online cosmetic experiences. Key brands such as L’Oréal, Maybelline, Chanel, and Revlon have already integrated such technologies, driving product demand.

Market Dynamics

Drivers

A key growth driver is the growing emphasis on beauty and physical appearance. Social media platforms, beauty influencers, and evolving beauty standards have made cosmetic use a routine part of daily life for many, especially among urban and millennial consumers. With higher income levels and increasing numbers of working women, especially in emerging economies, spending on self-care and beauty products is witnessing a notable surge.

Restraints

On the downside, growing awareness of the side effects of chemical-based formulations in eye cosmetics could hamper market growth. Ingredients like parabens, phthalates, and coloring agents can cause eye infections, allergic reactions, and irritation, especially with prolonged use. This health consciousness can steer some consumers away from chemical-heavy products, especially in markets where regulatory scrutiny is rising.

Opportunities

There is a rising consumer shift toward natural and sustainable cosmetics, creating significant growth opportunities. Products made from natural ingredients such as aloe vera, almond oil, plant-based powders, and beeswax are gaining popularity, especially among Gen Z and millennials, who prioritize sustainability. Moreover, technological innovations such as 3D-printed makeup, smart mirrors, and AI-powered beauty advisors are emerging trends that can further fuel market expansion.

Regional Insights

Asia Pacific

Asia Pacific is the largest regional market, led by China and India, where rising income levels and the growing working female population bolster demand for premium cosmetics. Social media's influence, coupled with evolving beauty trends like smokey eyes and glossy lids, drives product adoption.

North America

Holding around 23% market share in 2024, North America benefits from strong e-commerce infrastructure, technological trends like virtual try-ons, and a large population of professional makeup artists. The U.S. leads the region, with states such as Texas, New York, and Florida having high makeup artist employment rates. Additionally, an aging population boosts demand for cosmetics.

Europe

Europe showcases high fashion consciousness, particularly in countries like France, Italy, and Germany, spurring eye cosmetic use to complement fashion styles. The region is also a hub for natural and organic products, responding to growing sustainability trends.

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Key Industry Developments

• March 2025: Louis Vuitton collaborates with makeup artist Pat McGrath to launch a new makeup line.
• January 2025: RevitaLash introduces Length Define Tubing Mascara.

The global eye makeup market is poised for robust growth driven by technological innovations, evolving beauty standards, and rising consumer demand for sustainable products. Companies that integrate digital tools, natural formulations, and personalized experiences will likely capture significant market share in the years ahead.

Market Overview

According to Fortune Business insights, The Global   Herbal Toothpaste Market   was valued at USD 2.42 billion in 2024 and is projected to reach USD 3.28 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.03% during the forecast period (2025–2032).

Herbal toothpaste products are formulated using natural ingredients like aloe vera, clove, neem, eucalyptus oil, and other herbs known for their antibacterial and anti-inflammatory properties. Unlike conventional toothpastes, they are free from artificial chemicals, making them increasingly popular among health-conscious consumers worldwide.

Asia Pacific led the global market with a 36.78% share in 2024, driven by increasing health awareness, rising disposable incomes, and strong government and NGO initiatives promoting oral hygiene.

Competitive Landscape

Leading companies are focusing on expanding their regional footprint, launching innovative products, and enhancing brand loyalty through marketing.

Key Players:

• Colgate-Palmolive (U.S.)
• Dabur (India)
• Himalaya Wellness Company (India)
• Unilever (U.K.)
• Patanjali Ayurved (India)
• Haleon (Sensodyne) (U.K.)
• Amway Corp (U.S.)
• Edinora (India)
• HCP Wellness Pvt Ltd (India)
• Orchid Lifesciences (India)

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Key Market Dynamics

Drivers

1. Rising Prevalence of Oral Diseases:
   According to the World Health Organization (WHO), oral diseases affect approximately  3.5 billion people globally . Conditions such as gum diseases and dental caries are on the rise, especially in developing nations. This increase is closely linked to non-communicable diseases (NCDs) and lifestyle factors such as poor hygiene, tobacco use, and excessive sugar or alcohol consumption. The discomfort, pain, and health consequences associated with these diseases have driven consumers toward natural oral care alternatives like herbal toothpaste.
2. Consumer Shift Toward Natural Products:
   The growing awareness of potential health risks associated with synthetic ingredients has pushed consumers to adopt herbal and eco-friendly products. Herbal toothpaste is perceived as safer and gentler on teeth and gums, making it a preferred choice for families and individuals seeking a natural oral care routine.

Restraints

Wide Availability of Substitute Products:
The market faces stiff competition from alternative products like fluoride-based, whitening, and smoker-specific toothpastes. These substitutes are heavily marketed and widely available in both online and offline retail channels. The extensive availability of such alternatives can limit consumer interest and reduce the growth rate of herbal toothpaste.

Opportunities

1. Growing Awareness and Literacy:
   The increasing global literacy rate and widespread use of the internet and social media platforms have significantly enhanced consumer education regarding the health benefits of herbal products. As users become more informed, they are more likely to choose herbal options over conventional chemical-laden products. Brands have the opportunity to capitalize on this awareness through educational marketing and brand positioning.

Trends

1. Digital Marketing and Social Media Campaigns:
   Leading companies such as  Colgate-Palmolive, Dabur, Unilever , and  Himalaya Wellness are investing in targeted digital campaigns across platforms like Instagram, Facebook, and YouTube. These campaigns promote product benefits, raise brand awareness, and attract a wider consumer base. Digital advertising also enables better audience targeting and performance tracking, thus improving return on investment (ROI).

Regional Analysis

Asia Pacific (USD 896.75 Million in 2024)

The dominant regional market, driven by rising urbanization, health awareness, and government-led hygiene campaigns. Countries like  India and China  are major contributors due to their deep-rooted tradition of using herbal and ayurvedic products.

North America

Expected to register strong growth due to an increasing shift toward organic and natural lifestyles. According to the  American Cancer Society , nearly  59,660 new oral cancer cases  are projected in 2025 in the U.S., highlighting the urgent need for safer oral hygiene products.

Europe

Consumers are actively shifting from synthetic to environmentally friendly products. Stricter regulations on cosmetic and health product ingredients also support the growth of herbal toothpaste as a safer option.

South America & Middle East & Africa

These regions are experiencing growing demand due to rising availability of herbal products and increased digital campaigns by companies such as  Unilever  and  Dabur . Increased internet usage and awareness are expected to boost adoption rates.

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Recent Developments:

• Dec 2024: Dabur launched  Herbal Kids Toothpaste  with characters like Elsa and Iron Man.
• Jul 2024: Dabur expanded by adding  200,000 new sales outlets  in India.
• Mar 2023: Dabur launched its first  digital ad campaign  for herbal charcoal toothpaste to increase consumer reach.

The global herbal toothpaste market is on a growth trajectory, driven by increasing awareness about natural products, rising cases of oral diseases, and consumer preference for chemical-free options. While competition from conventional products exists, companies that leverage innovation, education, and digital marketing are well-positioned to capture expanding consumer interest across global markets.

Market Overview

According to Fortune Business Insights, the Global   Necklace Market   was valued at USD 50.03 billion in 2024 and is projected to grow from USD 52.32 billion in 2025 to USD 75.85 billion by 2032, exhibiting a CAGR of 5.45% during the forecast period.

The market is primarily propelled by shifting fashion trends, rising disposable incomes, increasing demand for personalized jewelry, and the growing influence of e-commerce platforms. In 2024, the Asia Pacific region dominated the global market with a significant 40.9% share, driven by a strong cultural inclination toward jewelry and the rapid expansion of the middle-class population, particularly in China and India.

Competitive Landscape

The global necklace market is competitive, with a mix of established luxury brands and emerging designers. Major players include:

• LVMH Moët Hennessy Louis Vuitton (France)
• Tiffany & Co. (U.S.)
• Cartier International SNC (France)
• Harry Winston, Inc. (U.S.)
• Chopard (Switzerland)
• Chow Tai Fook Jewellery (Hong Kong)
• Pandora Jewelry, LLC (U.S.)
• Safagroup (India)
• Bymystique (UAE)

These companies are focusing on:

• Expanding digital and omnichannel presence
• Offering affordable luxury collections
• Adopting sustainable sourcing
• Collaborating with local artisans for region-specific designs

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Market Drivers

1. Demand for Personalized and Custom Jewelry

Consumers, particularly millennials and Gen Z, are increasingly favoring personalized and customized necklaces that reflect their personal style, individuality, and values. Options such as engraved names, birthstones, and zodiac signs are highly sought after. Advancements in 3D printing, AI-driven design tools, and online customization platforms have made bespoke jewelry more accessible and affordable.

Additionally, rising participation of women in the workforce and enhanced spending power are contributing to higher demand for modern jewelry. For example, India’s female labor force participation rate increased to 37% in 2022-23, up from 30% in 2019-20, suggesting a growing customer base with disposable income to spend on jewelry.

2. Influence of E-commerce and Social Media

E-commerce platforms and social media are transforming the way consumers purchase necklaces. Platforms like Instagram, TikTok, and Pinterest have become critical marketing channels where brands leverage influencer collaborations, live shopping events, and targeted ads to boost engagement and sales.

Brands such as Kendra Scott have successfully partnered with influencers to promote collections, demonstrating the power of social media in shaping consumer preferences and driving online jewelry sales.

Market Restraints

Fluctuating Raw Material Prices

The necklace market faces challenges from the volatile prices of precious metals and gemstones, including gold, platinum, and diamonds. Such fluctuations increase manufacturing costs, which can elevate the retail prices of necklaces, thereby affecting consumer affordability and reducing demand. As these materials are core to jewelry production, sustained price volatility could pose a significant barrier to market growth.

Market Opportunities

Rise of Sustainable and Ethical Jewelry

A notable trend in the necklace market is the growing consumer demand for sustainable and ethically sourced jewelry. Consumers are increasingly conscious of environmental impact, seeking pieces made from recycled metals, lab-grown diamonds, and conflict-free gemstones. Transparency in the supply chain and production practices is becoming a major value proposition for brands targeting eco-aware consumers.

Additionally, the growth of luxury tourism is creating opportunities for the jewelry sector. Tourists often purchase jewelry that reflects local craftsmanship or cultural significance, especially in premium travel destinations.

Market Trends

The market is witnessing an increased emphasis on:

• Customization and Personalization: Brands offer bespoke services and modular neckpieces that can be customized with charms, initials, or birthstones.
• Sustainability: Rising adoption of eco-friendly practices and materials.
• Technological Integration: Use of AI, AR, and 3D printing for personalized designs and virtual try-on experiences.

Segmentation Analysis

• By Product
• By Material
• By Distribution Channel
• Regional Insights

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Key Developments

• Pandora launched lab-grown diamond necklaces in the U.S. and Canada in August 2022.
• Noudar Jewels introduced jewelry combining Arabian heritage with modern aesthetics in May 2022.

The global necklace market is set to witness robust growth through 2032, driven by personalization trends, sustainability, social media influence, and rising purchasing power, especially in emerging economies. However, price fluctuations of raw materials remain a key challenge. Brands that focus on innovation, sustainability, and customer-centric designs are well-positioned to capitalize on the market’s evolving landscape.

Market Overview

According to Fortune Business Insights, The Global  Disposable Wipes Market  was valued at USD 3.13 billion in 2024 and is projected to reach USD 5.32 billion by 2032, expanding at a Compound Annual Growth Rate (CAGR) of 6.02% during the forecast period.

These wipes are widely used in personal care, household, and industrial settings due to their convenience, hygiene benefits, and portability. Key product types include wet wipes and dry wipes, with wet wipes dominating due to their versatility in applications such as makeup removal, baby care, and antibacterial cleaning.

Competitive Landscape

The market is highly competitive, with leading players focusing on innovation, sustainability, and expanding product lines. Prominent companies include:

• Kimberly-Clark Corporation
• Johnson & Johnson
• 3M Company
• Reckitt Benckiser Group plc
• Diamond Wipes International, Inc.
• Rockline Industries
• Medline Industries
• Nice-Pak Products, Inc.

Market Drivers

1. Hygiene Awareness and Lifestyle Changes

Rising hygiene awareness globally, fueled by health campaigns and social media influence, is a key growth driver. Post-pandemic behavioral shifts have led consumers to prioritize cleanliness and infection prevention in daily routines. Products such as disinfecting wipes, baby wipes, and facial wipes have become essential for maintaining personal and household hygiene.

2. Growth in Baby and Personal Care Segments

Increased demand for baby wipes in countries with high birth rates—particularly in  Asia Pacific —as well as growing personal care trends in urban areas, are significantly contributing to market expansion. Consumers are also increasingly using wipes for convenience during travel and outdoor activities.

3. Retail Expansion and E-commerce Penetration

The growing availability of disposable wipes through supermarkets/hypermarkets and online platforms has improved accessibility and brand visibility. Online distribution, especially in emerging economies, is boosting market penetration by offering wider product ranges and doorstep delivery.

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Market Restraints

1. Environmental Concerns

The environmental impact of single-use wipes remains a pressing issue. Many wipes, though marketed as biodegradable, contain synthetic fibers or chemicals that contribute to landfill accumulation and water pollution. This is limiting product adoption among environmentally conscious consumers.

2. Availability of Alternatives

Reusable cloths, paper towels, and hand sanitizers offer cost-effective and eco-friendly alternatives, posing a challenge to disposable wipes. Regulatory push toward reducing single-use plastics may also slow market growth in developed regions.

Market Opportunities

1. Sustainable Product Development

The rising demand for  biodegradable, plant-based, and recyclable wipes  offers manufacturers a clear opportunity to innovate. Brands are increasingly focusing on developing wipes using  organic cotton, bamboo fibers, and eco-friendly packaging  to align with consumer preferences.

2. Product Customization

There is a growing trend toward  customized disposable wipes  that cater to specific skin types, fragrances, sizes, and branding needs. Businesses are leveraging wipes as promotional tools by printing logos and taglines, further driving product demand across commercial sectors.

Regional Insights

Asia Pacific – Leading Region (2024 Share: 30.67%)

The region led the global market in 2024 with  USD 0.96 billion  in market size. Countries such as  India, China, and Indonesia  are driving growth due to increasing disposable income, high birth rates, urbanization, and growing online shopping penetration. Government initiatives like  Swachh Bharat Abhiyan  in India are further boosting hygiene product adoption.

Europe

Held the  second-largest share (27%)  in 2024. Eco-conscious consumers in  Germany, Sweden, and the UK  are accelerating demand for biodegradable wipes. Regulatory frameworks promoting green products also support market growth.

North America

The U.S. market is mature, with strong demand for high-quality wipes for both personal and household use. A well-established retail infrastructure and presence of leading players such as  Kimberly-Clark, 3M, and Johnson & Johnson  support sustained growth.

South America & Middle East & Africa

These regions are showing positive growth trajectories due to increasing hygiene awareness and urban expansion. Post-COVID behaviors and rising middle-class populations are contributing to higher adoption rates.

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Key Strategic Developments:

• EarthSafe Chemical Alternatives launched new disinfection wipes (2021).
• Cintas Corporation introduced sanitizing wipes for commercial sectors (2021).

The global disposable wipes market is set for steady growth, backed by rising hygiene awareness, convenience-driven lifestyles, and product innovations. While environmental concerns present challenges, the shift toward sustainable and customized products opens promising avenues for manufacturers. Companies that prioritize eco-friendly development, diversified sales channels, and consumer-centric designs are likely to lead in the competitive landscape.

Market Overview:

According to Fortune Business Insights, Global  Footwear Market  size was valued at USD 463.87 billion in 2024 and is expected to be worth USD 495.46 billion in 2025. The market is projected to reach USD 789.52 billion by 2032, recording a CAGR of 6.88% during the forecast period.

The global footwear market includes a wide range of products, such as boots, sandals, shoes, and slippers. These items are available in diverse designs, colors, and materials, enhancing their appeal among consumers. Key factors fueling market growth include rising disposable incomes, increasing demand for premium and high-quality footwear, rapid urbanization, and shifting consumer lifestyles.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Nike, Inc. (U.S.)
• Adidas AG (Germany)
• Skechers (U.S.)
• Puma SE (Germany)
• Under Armour (U.S.)
• Crocs, Inc. (U.S.)
• Geox (Italy)
• ECCO Sko A/S (Denmark)
• New Balance (U.S.)
• Relaxo Footwears Limited (India)

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Segmentation:

Casual Segment Captured Dominant Share Driven by Their Ease and Suitability Factors

In terms of type, the market is segmented into casual, athletic/sports, formal, and others. The casual segment captured the dominant global footwear market share in 2024, driven by its comfort and suitability factors. Casual footgear is available in various designs and aligns with the latest fashion trends.

Men Segment Led Market Owing to Rise in Fashion Consciousness and High Interest in Sports Activities

In terms of end user, the global market is segmented into men, women, and kids. The men segment held the leading position in the global market. The segment’s growth can be attributed to the surge in fashion awareness in the male population and their high interest in sports activities such as cricket and football.

Supermarket/Hypermarket Segment Led Market Owing to Wide Availability of Diverse Array of Brands

In terms of distribution channels, the market is categorized into supermarkets/hypermarkets, specialty stores, online/e-commerce, and others. The supermarket/hypermarket segment led the market owing to the wide availability of a diverse array of footwear brands. They also provide an extensive variety of footgear at affordable prices and offer promotional discounts, increasing consumer interest in them.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

This report presents an in-depth analysis of the global footwear market, examining key aspects such as major product types, distribution channels, end-user segments, and prominent market players. It also highlights the latest market trends and significant industry developments. In addition to these areas, the report provides insights into various other factors that have contributed to the market’s growth.

Drivers and Restraints:
Rising Sports Participation and Sustainable Trends to Drive Market Growth
The growing interest in sports activities such as football and cricket—motivated by fitness, recreation, and health benefits—is significantly boosting the demand for sports footwear. Increased participation in sports events and tournaments further accelerates product adoption. Additionally, heightened consumer awareness about environmental issues is driving demand for eco-friendly footwear made from sustainable materials like organic cotton and recycled plastics. In response, leading manufacturers are ramping up their production of environmentally responsible footwear.

However, the market faces challenges due to varying regulations and policies governing the manufacturing and sale of footwear, which could potentially hinder overall market growth.

Regional Insights:
Asia Pacific Leads Due to Strong Manufacturing Base and E-commerce Growth
Asia Pacific dominated the global footwear market in 2024, primarily driven by the presence of major manufacturing hubs such as China and India. These countries are among the world’s top footwear producers. Additionally, the rapid growth of the e-commerce sector—spurred by increasing internet penetration and smartphone usage—is contributing to the region’s market expansion.

North America Ranks Second with Demand for Smart Footwear
North America holds the second-largest market share, supported by a tech-savvy consumer base that is increasingly drawn to smart footwear featuring innovations like GPS tracking and smartphone connectivity. The U.S. remains a key contributor to regional growth, with high engagement in sports such as football and hockey fueling strong demand for performance-driven footwear.

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Competitive Landscape:

Leading Players Focus on Cutting-Edge and Unique Footgear Development to Strengthen Their Market Positions

Intense competition comprising mid-scale, large-scale, premium, and local brands characterizes the global market. These brands are incorporating various strategic initiatives such as collaboration, production expansion, and marketing to strengthen their market positions. The leading players are focusing on cutting-edge and unique footgear development with features such as 3D printing.

Notable Industry Development:

May 2024:  Skechers, an American brand of footgear and apparel, launched its new store in Prague. The store is located in High Street Na Príkope and offers products such as footgear, accessories, and apparel.

Market Overview:

According to Fortune Business Insights, Global  MICE Market  size was valued at USD 1,051.41 billion in 2024. The market is projected to grow from USD 1,148.35 billion in 2025 to USD 2,269.16 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 10.22% over the forecast period.   

MICE (Meetings, Incentives, Conferences, and Exhibitions) focuses on organizing and managing events for academic, professional, business, and cultural purposes. It integrates travel and event services for groups of all sizes. Globalization has fueled this market by boosting business opportunities, international outreach, and business tourism.

List of Key Players Mentioned in the Report:

• ITA Group (U.S.)
• Flight Centre Travel Group Limited (Australia)
• Freeman (U.S.)
• Meetings and Incentives Worldwide, Inc. (U.S.)
• Conference Care (U.K.)
• One10, LLC (U.S.)
• BCD Meetings & Events (U.S.)
• Creative Group, Inc. (U.S.)
• Access (U.S.)
• CWT Meetings & Events (U.S.)

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Segmentation:

Meetings Segment Dominate, driven by Rising Corporate Events Globally

  In terms of event type, the market is fragmented into meetings, incentives, conventions, and exhibitions. The meetings segment captures the leading MICE market share, driven by rising corporate events worldwide. These one-day gatherings, held in hotel conference rooms, focusing on organizational planning, strategy, and goal setting. Common types include general, board, supplier, and annual business meetings.

Accommodation Segment   Lead On Account of its Key Role In Ensuring the Smooth Conduct Of Events

As per service type, market is classified into accommodation, transportation, food & beverages, event management, and others. MICE-oriented amenities make the accommodation segment dominant in the market, with hotels targeting business travelers who spend more on stays. To ensure year-round demand, hotel chains provide discounted rates during off-seasons, boosting occupancy and revenue stability.

In terms of region, the market is categorized into Europe, North America, the Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The research report offers a comprehensive market analysis, covering the competitive landscape, company profiles, key drivers, restraints, and opportunities. It also provides insights into market trends and key industry developments contributing to recent growth. It also highlights key players, product launches, and the impact of COVID-19 on the growth of the market.

Market Scope:
The market scope offers an in-depth evaluation of the industry across multiple dimensions, including product types, major applications, target consumer segments, and regional trends. It provides both qualitative and quantitative insights into current market dynamics, such as emerging trends, growth drivers, key challenges, and potential opportunities at global and regional levels. Additionally, the scope includes advancements in technology, competitive landscape analysis, supply chain evaluation, and regulatory developments shaping market progression. This comprehensive analysis serves as a valuable resource for manufacturers, investors, and policymakers in making well-informed strategic decisions and long-term growth plans.

Regional Insights:
Europe Leads the Market Driven by Rising Corporate Events
Europe holds the largest share in the global MICE (Meetings, Incentives, Conferences, and Exhibitions) market, fueled by a steady rise in corporate events and exhibitions. The region is at the forefront of promoting sustainable tourism, with nearly two-thirds of MICE industry stakeholders incorporating Corporate Social Responsibility (CSR) initiatives into their offerings. Germany and the U.K. remain key contributors, supported by a strong presence of international business activities.

North America Gains Momentum with High-End Event Infrastructure
North America also commands a significant market share, propelled by thriving sectors such as advanced manufacturing and financial services. Major cities like Toronto and Las Vegas offer premier venues for global business events. The region’s focus on luxury and experiential services—highlighted by iconic locations like Vancouver’s Shangri-La and the Fairmont Hotel—further boosts its attractiveness for upscale MICE events.

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Competitive Landscape-

Key Players Focus on Innovations to Gain Competitive Edge

The global MICE market is highly competitive, with key players such as ITA Group and Freeman leveraging technology, innovation, partnerships, and expansions to maintain an edge. Strong marketing and promotional strategies are also crucial for building brand awareness.

Key Industry Development:

September 2024 –  Yatra Online Limited, an Indian travel & tourism company, announced a 100% stake acquisition in Globe All India Services Ltd., an Indian travel agency, to become a market leader in India’s business travel and corporate event management sectors.