Market Overview

According to Fortune Business Insights the Global   Intimate Hygiene Products Market   is poised for significant growth, driven by rising consumer awareness about personal hygiene, increasing health consciousness, and growing product innovations. Intimate hygiene products encompass personal care items designed for the care and protection of intimate body areas, offering benefits such as pH balance, infection prevention, and skin health maintenance.

Increased adoption among both men and women, along with the proliferation of products designed for varied needs — such as menstrual care, cleansing, and deodorizing — is contributing to the market expansion. Furthermore, the rising usage of such products in public settings to prevent infections is boosting demand globally.

Competitive Landscape

Key Players

• The Procter & Gamble Company
• Unilever
• Johnson & Johnson
• Lil-lets UK Limited
• Edgewell Personal Care
• Kimberly-Clark Corporation

Companies are investing in product innovation, sustainability, and regional market expansion to gain competitive advantage.

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Market Scope

The market scope of intimate hygiene products spans across a broad spectrum of personal care items tailored to maintain cleanliness, health, and comfort of intimate body parts. The scope includes products targeted towards both genders, with a higher concentration of offerings for women due to biological and anatomical factors. The market caters to a diverse audience through various sales channels including supermarkets, drug stores, and e-commerce platforms, ensuring widespread product accessibility.

Additionally, the industry is witnessing an increase in product diversification, addressing concerns such as menstruation, odor control, pH balancing, and infection prevention. Innovations in biodegradable, organic, and reusable products are further broadening the market scope.

Market Growth Prospects

The intimate hygiene products market is projected to grow at a healthy rate during the forecast period, driven by:

• Rising Health Awareness:   Increasing understanding of personal hygiene's role in overall health.
• Growing Female Workforce:   Higher female workforce participation boosts demand for convenient and effective hygiene solutions.
• Eco-Friendly Innovations:   Rising environmental concerns have led to the development of sustainable products like reusable menstrual cups and organic pads.
• Expanding Male Market:   Although still emerging, the male hygiene product segment is gaining traction as awareness increases.

Market Dynamics

Key Market Drivers

• Growing Health Awareness:   Rising awareness among consumers about the consequences of poor intimate hygiene, such as infections, irritation, and health complications, is significantly driving product demand.
• Product Innovations:   Introduction of innovative products like eco-friendly menstrual cups, organic tampons, and reusable sanitary products are creating new growth avenues.
• Men's Participation:   Increasing adoption of intimate hygiene products by men due to growing awareness of personal health and hygiene is further propelling the market.

Key Market Restraints

• Proliferation of Counterfeit Products:   The availability of low-quality, counterfeit products that may cause skin irritation, burns, or allergic reactions hampers brand credibility and market growth.

Opportunities

• Sustainable and Eco-Friendly Products:   The shift toward green products creates avenues for innovation in biodegradable and reusable intimate hygiene solutions.
• Rising Male Consumer Base:   Awareness campaigns can tap into the largely untapped male hygiene market.
• Digital Sales Channels:   Growth in e-commerce platforms is an opportunity for brands to reach a broader, privacy-conscious consumer base.

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Regional Insights

• North America:   Leading market with strong demand for premium and sustainable products.
• Asia Pacific:   Fastest growing region due to affordable product availability and government initiatives promoting menstrual hygiene.
• Europe, South America, Middle East & Africa:   Emerging markets showing steady growth driven by rising awareness.

The intimate hygiene products market is set to experience continued growth in the coming years, driven by evolving consumer preferences, the growing trend toward sustainable products, and digital retail expansion. Increasing educational efforts around menstrual and intimate hygiene, especially in emerging economies, will further open new avenues for market growth.

Market Overview:

According to Fortune Business Insights Global   Power Bank Market   size was valued at USD 14.74 billion in 2024. The market is projected to grow from USD 15.56 billion in 2025 to USD 23.64 billion by 2032, exhibiting a CAGR of 6.15% during the forecast period. Asia Pacific dominated the power bank market with a market share of 43.89% in 2024.

The global power bank market has experienced notable growth in recent years, driven by the increasing use of smartphones, tablets, wearables, and other portable electronic devices that require dependable charging solutions. Power banks have become essential for modern consumers due to their compact designs, universal compatibility, and advanced features like fast charging and wireless capabilities. The demand for portable charging solutions continues to rise, particularly among travelers, gamers, and remote workers, contributing to global market expansion.

Market Trends
The power bank market is evolving swiftly, shaped by shifting consumer preferences and technological advancements. A prominent trend is the growing demand for wireless and fast-charging power banks, which offer enhanced convenience and speed. High-capacity models (20,000 mAh and above) are also gaining traction as they allow users to charge multiple devices at once. The introduction of solar-powered and eco-friendly power banks reflects an increasing consumer focus on sustainability. Furthermore, brands are utilizing social media platforms for marketing and customer engagement, boosting visibility and appeal. The trend toward compact, lightweight, and aesthetically appealing designs aligns with the lifestyle needs of urban consumers and those in developing markets.

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Market Drivers:

The global power bank market is primarily driven by the   rising adoption of smartphones, tablets, and other portable electronic devices   that require frequent charging due to high battery consumption. The surge in internet penetration, increasing mobile gaming, social media usage, and digital transactions worldwide has amplified the demand for reliable and portable charging solutions. Additionally, the   growth in outdoor activities   such as camping, trekking, and adventure tourism, where access to electricity is limited, fuels the need for high-capacity power banks. Technological advancements, including the introduction of   fast-charging, wireless charging, and solar-powered power banks , as well as the increasing affordability and availability of budget-friendly options, further contribute to the market's growth.

Regional Insights:

• Asia Pacific  led the market in 2024 with a  89% share , driven by rising smartphone adoption, mobile gaming, and internet penetration.
• North America  and  Europe  are set to witness robust growth due to the surge in outdoor activities, mobile gaming, and wearable tech adoption.

Top Growth Drivers:
📌 Rising smartphone and tablet adoption globally
📌 Growth in outdoor and adventure activities
📌 Advancements in wireless charging & high-capacity batteries

Why Read This Report?
This report provides valuable insights into the  competitive landscape, key industry developments, market dynamics, trends, and growth opportunities  shaping the future of the power bank market. It is a must-read for stakeholders, investors, and businesses looking to stay ahead in this evolving sector.

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KEY INDUSTRY DEVELOPMENTS
December 2024 -  Stuffcool, an India-based manufacturer of consumer electronic products, announced the launch of Roam Power Bank. This product is 11cm tall and 7cm wide, and it has a 10,000 mAh battery capacity with a Type-C 20W PD port.

December 2024 -  Xiaomi, a China-based consumer electronics manufacturer, announced the launch of an 18W power bank with a battery capacity of 30,000 mAh in the European market. The product can charge three devices simultaneously via USB-A and USB-C ports.

Report Overview-

According to Fortune Business Insights   Global   Oral Care Market   size was valued at USD 33.63 billion in 2024. It is projected to grow from USD 34.76 billion in 2025 to USD 46.53 billion by 2032, exhibiting a CAGR of 4.25% during the forecast period.  

The rising adoption of electric toothbrushes, charcoal-based cleaners, and teeth whitening products is expected to propel market growth during the forecast period. Brands such as Twice, Quip, and Candid are enhancing global accessibility by offering affordable oral care solutions.

List of Key Players Present in the Report :

• Colgate Palmolive Co. (U.S.)
• Unilever (U.K.)
• Procter & Gamble Co. (U.S.)
• Henkel AG & Co. KG aA (Germany)
• Johnson & Johnson Services, Inc. (U.S.)
• GlaxoSmithKline Plc. (U.K.)
• Lion Corporation (Japan)
• Church & Dwight Co. Inc. (U.S.)
• Reckitt Benckiser Group Plc. (U.K.)
• Patanjali Ayurved Limited (India)

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Segments-

Availability of Diverse Flavors to Boost Toothpaste Segment Growth
Based on product type, the market is segmented into toothpaste, toothbrush, mouthwash, and others. The toothpaste segment dominated in 2022, driven by the wide availability of flavors such as mint, lime, strawberry, and more, catering to varied consumer preferences.

Rising Household Spending to Propel Household Application Segment
By application, the market is categorized into household and commercial. The household segment is expected to maintain the largest market share throughout the forecast period, supported by increasing consumer spending on everyday oral care essentials. Growing awareness about oral hygiene further contributes to the segment’s expansion.

Convenient Access to Daily Essentials to Drive Hypermarkets & Supermarkets Segment
In terms of distribution channel, the market is divided into hypermarkets/supermarkets, convenience stores, online, and others. Hypermarkets & supermarkets are projected to hold the leading market share, owing to the convenient availability and extensive variety of daily oral care products such as toothbrushes, toothpaste, and mouthwashes.

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

Report Coverage-

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints-

Growing Focus of Companies on Product Innovations to Drive Market Growth

The companies are focusing on launching innovative products due to the increasing use of advanced dental care products by consumers, which will boost market growth during the forecast period. The increasing use of 3D printing & AI, laser dentistry, and digital impressions in commercial dental care instruments will drive oral care market growth during the forecast period.

The growing use of additives, such as humectants, abrasive agents, and others in toothpaste and mouthwash products to improve their taste and color, leading to allergic reactions, may hinder market growth during the projected period. 

Regional Insights-

Large Presence of Geriatric Population to Boost Market Growth in Asia Pacific

Asia Pacific held a dominant oral care market share, accounting for USD 11.50 billion in 2022. The growth is attributed to the rising geriatric population in the countries, including Japan and China, resulting in the growing consumption of oral care products in the region.

North America and South America are estimated to witness significant growth during the forecast period due to the increasing spending on oral healthcare products in the regions. 

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Competitive Landscape-

Increasing Key Players Focus on Product Innovations to Propel Market Growth

The growing focus of key players on developing technology-enabled oral care products to attract a large consumer base will drive oral care market growth during the projected period. The major market players are keen to launch new product lines that cater to the growing consumer needs, including prevention from oral virus infection, sensitivity and whitening control, teeth decaying, and others, boosting market growth during the forecast period.

Notable Industry Development-

• November 2021 –  Colgate Palmolive has launched the 100% recycled plastic handle toothbrush. The launch will help reduce the carbon footprint by shifting toward renewable energy.

Key Market Insights

According to Fortune Business Insights The global   sharing accommodation market   is poised for significant growth, driven by escalating housing costs and the increasing need for affordable living spaces across regions. The market is fueled by the preferences of students, young professionals, and tourists who seek cost-effective, flexible, and comfortable housing alternatives.

Competitive Landscape

Key Market Players

• Airbnb (U.S.)
• Vrbo (Expedia Group, U.S.)
• Booking.com (Netherlands)
• HomeAway (U.S.)
• Tujia (China)
• 9flats (Germany)
• FlipKey (TripAdvisor, U.S.)
• Roomorama (Singapore)
• OneFineStay (Accor, U.K.)
• Misterb&b (France)

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Market Drivers

1. Rising Popularity of Co-Living Spaces

Urbanization and fast-paced lifestyles have accelerated the preference for co-living spaces. These accommodations offer shared utilities, social interaction, and affordability, appealing to younger demographics in urban settings. Social media platforms have further amplified awareness and demand for co-living options by showcasing lifestyle benefits and experiences.

2. Influence of Social Media

Social media marketing and community-driven content have enhanced visibility for shared accommodations, particularly among Gen Z and millennials. Influencers and digital communities contribute to shaping preferences toward unique and social accommodation experiences.

Market Restraints

1. Safety and Security Concerns

Safety and security remain significant barriers to the growth of the sharing accommodation market. Concerns over theft, property damage, fraud, and breaches of privacy deter potential users. These risks reduce the willingness of hosts and guests to engage, posing a challenge to broader adoption.

Market Opportunities

1. Growth in Tourism and Improved Connectivity

The steady rise in global tourism, facilitated by increased disposable income, affordable travel, and better connectivity, creates opportunities for market expansion. Travelers are increasingly seeking authentic local experiences, which sharing accommodations can provide. Additionally, government efforts to boost tourism infrastructure will further support market growth.

Segmentation Analysis

By Type

• Business to Consumer (B2C):   This dominant segment benefits from direct connections between service providers and end-users through platforms like Airbnb and Booking.com.
• Peer to Peer (P2P):   Expected to grow substantially as users seek personalized, budget-friendly experiences.
• Business to Business (B2B):   A niche segment with specific applications in corporate travel and relocation services.

By Application

• Millennials:   The largest consumer group in 2023, driven by a desire for unique, low-cost, and personalized lodging experiences.
• Gen Z:   Expected to register the highest CAGR due to their focus on social and experiential travel.
• Others:   Includes older demographics increasingly exploring affordable and flexible travel accommodations.

Regional Insights

• Tourism Growth:   International tourist arrivals are projected to reach 1,445 million in 2024, with receipts exceeding pre-pandemic levels at USD 1,335.9 billion.
• North America:   Dominates the market due to the presence of industry leaders and a tech-savvy population.
• Europe:   Popular tourist destination with increased demand for affordable and distinctive accommodations.

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Key Industry Developments

• October 2024:   Airbnb extended its San Francisco office lease through 2037, covering over 250,000 sq. ft.

Key Insights

• Parent Market Overview:   Tied closely with the global tourism and hospitality market.
• Supply Chain Analysis:   Digital platforms enable efficient matching of hosts and guests, although logistical and regulatory challenges persist.
• SWOT & Porter’s Five Forces Analysis:   Industry faces medium competitive rivalry, moderate buyer power, and threats from new entrants due to platform dependency.
• Technological Advancements:   Enhanced booking platforms, AI-driven personalization, and improved safety protocols.

The global sharing accommodation market is set to expand significantly through 2032, propelled by changing lifestyle preferences, tourism growth, and digital innovation. While safety concerns remain a hurdle, advancements in security features and platform regulations are expected to mitigate risks. Companies that focus on sustainability, user experience, and social engagement will likely gain a competitive edge.

Market Overview :

According to Fortune Business Insights, the global   Artificial Flowers Market   was valued at USD 1.70 billion in 2024 and is projected to reach USD 2.56 billion by 2032, registering a CAGR of 5.33% during the forecast period. The market is expected to grow from USD 1.78 billion in 2025, driven by rising demand for durable and decorative floral arrangements across residential and commercial settings. In the U.S., the market is anticipated to reach USD 284.22 million by 2032, while Europe led the global landscape with a 28.47% market share in 2024.

Artificial flowers—also known as fake flowers or permanent botanicals—are crafted from materials like polyester, nylon, silk, plastic, and paper. They are widely used for interior décor, event styling, and gifting, serving as a practical and lasting alternative to fresh flowers. Continuous advancements in material quality and lifelike designs, coupled with changing consumer tastes in home decoration, are major drivers of market growth.

Competitive Landscape

Key players are focusing on expanding distribution channels, launching innovative collections, and engaging in strategic mergers and acquisitions to strengthen their market presence. Some major players include:

• FRS Holding S.R.L. (Evergreens) (Italy)
• Diane James Designs, Inc. (U.S.)
• Dongguan Fusheng Arts Products Co., Ltd (China)
• Artificial Flower Factory  (India)
• Tree Locate (Europe) Limited  (U.K.)
• Foshan Tongxin Artificial Flowers Co., Ltd (China)
• NGAR TAT Production Fty. Ltd. (Hong Kong)
• Oriental Fine Art Co., Ltd. (Thailand)
• Xuzhou Pleasant Arts Flower Co., Ltd (China)
• SG Silk Flower Limited (China)

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Market Trends

• Post-COVID Resurgence in Celebrations : With global recovery from the COVID-19 pandemic, festivals and social gatherings have surged, stimulating demand for artificial flowers for decoration and event setups.
• Growth of Eco-conscious Consumption : Consumers are increasingly opting for sustainable décor solutions, elevating the appeal of reusable artificial flowers over fresh ones.
• Rise in Innovative Offerings : Companies are launching advanced products like silk-based, real-touch florals to cater to premium demand. For example, CocoBella launched a couture silk floral line in 2023.

Market Growth Drivers

• Increased consumer need for indoor and outdoor decorative products.
• Popularity of artificial flowers as gifting options.
• Innovations in realistic designs and sustainable materials.
• Expanding urbanization and rising disposable incomes.

Market Restraints

• Government bans and regulations on plastic-based products due to environmental concerns.
• Rising demand for eco-friendly, biodegradable décor alternatives limiting plastic flower sales.

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Recent Developments

• March 2022 :   RTfact Flowers opened a new showroom in the U.K.
• October 2021 : Flora D'Lite expanded its service area through its e-commerce platform.
  
• February 2021:  Diane James Home, a U.S.-based faux floral company, collaborated with Gray Malin, a popular aerial photographer, to launch a new collection of faux floral arrangements.

The artificial flowers market is set for consistent growth, driven by changing décor trends, advancements in design, and growing demand for sustainable, long-lasting decorative options. As consumers increasingly prioritize practicality alongside aesthetic appeal, the market is expected to benefit from continued innovation and geographic expansion, especially in Asia Pacific and Europe.

Market   Overview:

According to Fortune Business Insights   Global   Console Table Market   size was valued at USD 4.24 billion in 2024. The market is projected to grow from USD 4.41 billion in 2025 to USD 5.98 billion by 2032, exhibiting a CAGR of 4.45% during the forecast period.

A console table is a long, narrow piece of furniture typically positioned behind a sofa or along a wall. Available in a variety of materials, including wood, metal, and glass, it blends style with practicality. Beyond enhancing the visual appeal of a space, a console table serves multiple purposes — from providing a display surface to offering storage or even functioning as a compact workspace. The rising preference for furniture that combines aesthetic appeal with functionality is a major factor fueling the demand for console tables.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Steelcase Inc. (U.S.)
• Ashley Furniture Industries, Inc. (U.S.)
• Global Furniture USA (U.S.)
• Pepperfry Limited (India)
• IKEA (Sweden)
• HNI Corporation (U.S.)
• Ethan Allen Global, Inc. (U.S.)
• Godrej & Boyce Mfg. Co. Ltd. (India)
• B&B ITALIA SPA (Italy)
• MillerKnoll, Inc. (U.S.)

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Segmentation:

Others Segment to Dominate Market With Rising Demand for Unique, Multipurpose Tables

Based on product, the market is divided into traditional console tables, modern console tables, industrial console tables, rustic console tables, and others. The others segment will dominate the market in the future as customers are looking for uniquely designed tables that come with numerous innovative features.

Wooden Console Tables Gained Major Traction Owing to Their Versatility

Based on material, the market is segmented into wood, metal, glass, and others. The wood segment captured the biggest market share as this material is highly versatile and helps manufacturers design tables in different styles.

Residential Segment Holds Largest Market Share With Rising Interest in Home Décor

Based on application, the market is classified into residential and commercial. The residential sector accounts for the largest console table market share as several homeowners are becoming more interested in home décor to elevate the overall aesthetics of their living spaces.

Customer Footfall Rises in Offline Stores Due to Demand for Personalized Customer Service

Based on distribution channel, the market is divided into online and offline. The offline segment is dominating the market as customers can get personalized services from sales agents at offline stores. These agents, through their expert advice, can help customers purchase the right console table for their space.

With respect to region, the market covers North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as popular products, materials, applications, distribution channels, and prominent market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Rising Preference for Eco-Friendly Products to Accelerate Market Growth

An increasing number of furniture manufacturers are making their operations more sustainable to reduce their carbon footprint and enhance their brand image. Eco-friendly materials, such as reclaimed wood, recycled metals, and bamboo are being used by furniture manufacturing companies to make console tables. This move will help them lure in more eco-conscious customers, which will have a positive impact on the market’s progress.

However, extreme fluctuations in raw material prices can hinder the console table market growth.

Regional Insights:

Asia Pacific Dominated Global Market Due to Increasing Disposable Income of Customers

Asia Pacific held the largest global market share in 2024 as the average disposable incomes of customers across the region is increasing every year. This factor has given them the liberty to splurge on expensive furniture products, such as high-end console tables.

Europe is also positively contributing to the global market’s growth as governments across the region are introducing financial schemes, such as grants and subsidies to help SMEs gain an easier access to capital in the furniture industry.

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Competitive Landscape:

Market Players to Focus On Developing Console Tables With Unique Designs to Cater to Customers’ Needs

Some of the top companies operating in the global console table market are partnering with other firms to design and manufacture console tables with unique designs. They are also improving the features of their products by integrating them with smart technologies. Such improvements will help them expand their current product range and attract more customers.

Notable Industry Development:

November 2024:   Ethan Allen, a global manufacturer of furniture, was recognized for its commitment to eco-friendly wood sourcing when it received the "Most Improved" designation for 2024 from the National Wildlife Federation (NWF) and the Sustainable Furnishings Council (SFC). This award showcased the company's improvements in its sustainability practices, especially its adoption of certified sustainable wood in the production of furniture.

Market Overview

According to Fortune Business Insights, the Global   Jewelry Market   was valued at USD 216.48 billion in 2022 and is projected to reach USD 224.38 billion in 2023. The market is anticipated to grow to USD 308.36 billion by 2030, exhibiting a CAGR of 4.6% during the forecast period. This growth is primarily driven by a rising consumer inclination toward luxury products, leading to increased demand for jewelry. Additionally, the integration of technology into jewelry design and production is further fueling market expansion. Higher disposable incomes are also contributing to greater consumer spending on premium and ornamental items.

List of Key Players Profiled in the Report

• Harry Winston, Inc. (U.S.)
• Chopard (Switzerland)
• Pandora Jewelry, LLC. (U.S.)
• Chow Tai Fook Jewellery Company Limited (Hong Kong)
• Tiffany & Co (U.S.)
• Rajesh Exports Ltd (India)
• Cartier International SNC (France)
• Signet Jewelers Limited (Bermuda)
• Chanel (France)
• LVMH Moët Hennessy (France)

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Segmentation Insights

Ring Segment to Dominate Due to Its Symbolic Value
By product type, the market is segmented into rings, necklaces, earrings, bracelets, and others. Among these, the ring segment is expected to lead the market, primarily due to its strong cultural association with engagements and marital status. Increasing consumer interest in personalized jewelry is encouraging brands to offer a wide range of customization options. Meanwhile, other segments such as earrings, necklaces, and bracelets are also gaining traction, driven by their appeal for aesthetic enhancement and fashion purposes.

Diamond Segment to Lead Owing to Its Distinctive Appeal
In terms of material, the market is divided into gold, platinum, diamond, and others. The diamond segment is projected to dominate, attributed to its brilliance, elegance, and enduring popularity. Celebrity endorsements and high-profile appearances, such as those at the 2019 Met Gala by stars like Jennifer Lopez, Lady Gaga, Gal Gadot, and others, have significantly boosted demand for diamond and platinum jewelry.

Women Segment to Hold the Largest Share Due to Higher Usage
Based on end-user, the market is bifurcated into men and women. The women segment accounts for the largest share, as jewelry has traditionally been associated with femininity and is widely used for self-expression and style. However, the men’s segment is expected to witness steady growth, driven by a rising interest in fashion-forward accessories that reflect status, identity, and personal style.

Regional Outlook
Geographically, the market is analyzed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Each region contributes uniquely to the market's growth, influenced by cultural preferences, economic conditions, and evolving consumer lifestyles.

Drivers and Restraints

Increasing Levels of Disposable Income and Spending of Consumers   to Augment Market Growth

Increasing levels of disposable income and rising spending of consumers are anticipated to drive the jewelry market growth. The demand for increasing consumption of luxury goods such as ornaments is propelling the market growth. Additionally, different customs regarding the adoption of ornaments followed by people across the globe are expected to significantly boost the purchase of the product. Increasing number of working populace of women and awareness about modern jewels and premium-class gems will further fuel the market growth.

However, strict regulations on importing and exporting ornament are expected to hamper the market growth.

Regional Insights

Asia Pacific to Govern Owing to the   Presence of Major Market Players in the Region

Asia Pacific is expected to have the largest jewelry market share owing to the presence of major players in the region. Tanishq, Malabar Gold and Diamonds, Queelin, Wallace Chan, and others mark their presence in Asia Pacific owing to increasing consumption.

Europe is anticipated to have a substantial growth in the forecast period due to high per capita income in European countries. People have been spending high on ornaments due to high income levels. 

North America has moderate growth due to the presence of many millionaires who are the prime contributors to the increasing purchase of luxurious products .

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Competitive Landscape

RJ Scanlan & Co. Expanded its Fine Jewelry Offering by Introducing a Range of Lux Collection

Key market players have been focusing on looks and design of jewels to meet consumers' ever-changing needs and desires. In June 2021, RJ Scanlan & Co. expanded its fine jewelry offering by introducing a range of the Lux Collection in the Australia market. The collection is crafted with gold, diamonds, color gemstones, and pearls. Every piece is customized to order and essential to environmental sustainability.

Key Industry Development

• January 2023-   Tanishq entered the U.S. market by opening its first store in New Jersey. The store has about 6,500 jewelry designs in 18 and 22-karat gold and diamond.

Market   Overview:

According to Fortune Business insights   Streetwear Market   size was valued at   USD 325.28 billion in 2023   and is expected to be worth   USD 347.14 billion in 2024 . The market is projected to reach USD 637.13 billion by 2032, recording a   CAGR of   7.89%   during the forecast period.

Streetwear is youth-inspired clothing that is highly popular among hip-hop enthusiasts and skateboarders. It is popular for its vibrant colors, bold logo graphics, and unconventional designs. Streetwear is also known for individual expression and synonymous with youth, rebellion, and creativity. Factors, such as the rising economic growth of various countries are projected to fuel the global market growth.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Nike (U.S)
• Supreme (U.S.)
• Stussy (U.S.)
• BAPE (Japan)
• Adidas (Germany)
• Off-White (Italy)
• Vetements (Switzerland)
• Palace (U.K.)
• RoaringWild (China)
• Undercover (Japan)

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Segmentation:

Clothing Segment Dominated Market Due to Introduction of Novel Products

Based on product, the market is segmented into clothing, footwear, accessories, and others. The clothing segment accounted for the largest market share in 2023. Numerous key players are introducing novel products and partnering with influential celebrities to meet the growing demand for clothing, thereby driving the segment’s growth.

Men Segment Dominated Market Due to Prominent Players’ Focus On Expanding Their Reach

Based on end user, the market is segmented into men and women. The men's segment held the largest market share in 2023. Numerous prominent players are focusing on expanding their reach owing to the growing product demand, thereby driving the segment’s growth.

Offline   Stores Segment Led Market Growth Due to Introduction of New Retail Stores Worldwide

Based on distribution channel, the market is segmented into offline stores and online stores. The offline segment held the highest share of the global market in 2023. Numerous prominent players are introducing new stores with an intent to expand their reach.

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

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, products, end users, distribution channels, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Increasing Number of Collaborations and Rising Need for Exclusive Products to Fuel Market Growth

Growing collaborations with influential celebrities, fashion designers, and various brands will fuel the demand for casual clothing. Key players are collaborating to reach new audiences, enter niche markets, and stand out in a competitive landscape. Limited-edition products are becoming popular among consumers, especially collectors and fashion enthusiasts. Several key players are also launching limited-edition products to increase sales and expand their offerings.

However, counterfeiters have been targeting casual clothing, leading to the widespread production and distribution of fake merchandise, thereby impeding the streetwear market growth.

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Regional Insights:

Asia Pacific Dominated Market Due to Increasing Fashion Trends in Region

Asia Pacific led the streetwear market in 2023 and is projected to maintain its dominance during the forecast period. Asian pop culture, such as K-pop, J-pop, and C-pop has been significantly promoting fashion trends in the region. Due to the increasing product demand, numerous key players intend to expand their presence in the region. These factors are driving the region’s market growth.

North America is projected to exhibit considerable growth during the forecast period due to the growing availability of comfortable and functional clothing, such as joggers, hoodies, and sneakers.

Competitive Landscape:

Companies to Focus On Innovative Technologies to Stay Competitive

The leading companies operating in this market are increasing their focus on launching various strategies to tackle the availability of counterfeit products. They are introducing security labels that allow consumers to verify the originality of their purchases. They are also launching innovative products and establishing strategic partnerships with other firms to strengthen their market position and remain competitive.

Notable Industry Development:

October 2022:   Maison Menace, a premium casual clothing brand, unveiled its new F/W 22 offering. The new collection includes plush hoodies, logo-monogrammed balaclavas, and t-shirts.