Thursday, 29 August 2024

Household Cleaners Contract Manufacturing Procurement Intelligence Report Insights and Strategies

  

Household Cleaners Contract Manufacturing Category - Procurement Intelligence


The household cleaners contract manufacturing category is anticipated to witness growth at a CAGR of 11.0% from 2023 to 2030. In 2022, Asia Pacific held a substantial share of the global category, followed by North America and Europe. This dominance is mainly attributed to the rising disposable income and emphasis on cleanliness and hygiene, which has raised demand for household cleaners. The growth is further fueled by an increase in the number of local manufacturers. Key players based out of Asia Pacific are focusing on developing multi-purpose and organic products with an objective to increase their market share. In addition, the North America region is home to cutting-edge facilities and technologies. These technologies are used by the household cleaner contract manufacturing service providers to produce better goods and services and gain a competitive advantage.


Based on service type, the category is dominated by the manufacturing segment. The services offered in this category enable the businesses (band owners) to reduce equipment & machinery costs. The cost of buying massive machinery and keeping it maintained, repaired, or replaced requires fewer resources. It also eliminates the need to pay personnel to manufacture goods internally. It can be expensive to hire whole teams of experts, researchers, and manufacturers, paying them full wages and perks. Service providers may not charge a client for the personnel or equipment they own. They simply have to pay the total agreed upon in the contract, plus any other applicable fees or costs. In addition, a business can put all of the money and resources it saves to fund other endeavors, such as supporting sales initiatives, expanding its marketing plans, and/or adding personnel for other divisions.


Technologies such as Artificial intelligence (AI) have gained significant popularity in the industry. The ability of AI to evaluate enormous volumes of data in real time is one of the most important advantages for manufacturing. Artificial intelligence (AI) systems can quickly investigate the data to find patterns and trends, helping firms understand how their manufacturing processes are working. This is made possible by Industrial Internet of Things (IIoT) devices and sensors that gather data from machines, equipment, and production lines. The technology supports the service providers in finding abnormalities and equipment flaws. For example, they (service providers) can use machine learning algorithms, that are equipped to notice patterns in the data and suggest the next steps based on those patterns while identifying any defects in the initial stages of the manufacturing process itself.


The outbreak of the COVID-19 pandemic significantly impacted the demand for household cleaners as it was being increasingly utilized in commercial as well as residential properties to disinfect the surroundings. As a result, due to the unanticipated increase in demand, there was a shortage of supply, prompting some manufacturers to increase their production capacity to meet the customer demand. Leading producers, such as Henkel, P&G, and Reckitt Benckiser, witnessed a spike in demand for cleaning products which led them to outsource their manufacturing operations to the service providers in the category with an objective to increase their supply. The demand for household cleaners is expected to increase in the next years due to growing disposable income and increased urbanization, which will result in significant infrastructure investments. Consequently, it will support the growth of the global category.

 

Order your copy of the Household Cleaners Contract Manufacturing category procurement intelligence report 2024-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis


Household Cleaners Contract Manufacturing Sourcing Intelligence Highlights


• The household cleaners contract manufacturing category exhibits a fragmented landscape with intense competition among the players in the industry.
• Buyers in the category possess high negotiating capability due to the intense competition among the suppliers, enabling the buyers with flexibility to switch to a better alternative.
• India is the preferred low-cost/best cost country for sourcing household cleaners contract manufacturing service providers. The nation is a cost-effective destination for contract manufacturing due to its relatively cheap raw material costs, energy costs, and labor costs, which result in significant cost savings.
• Raw materials, labor, equipment & machinery, rent & utilities, packaging & transportation, and other costs are the key cost components in the household cleaners contract manufacturing category. Other costs can be further bifurcated into research & development (R&D), administrative expenses, taxes & insurance, maintenance & repairs, depreciation, and interests.


List of Key Suppliers
• Abdos
• Advance Research Chemicals, Inc.
• CleanPak Products, LLC
• Colep Consumer Products
• Formula Corp.
• Guy & O'Neill, Inc.
• McBride plc
• Megamorph Marketing Pvt. Ltd.
• Nicols S.A
• PLZ Corp.
• Premier Care Industries
• Rockline Industries

 

Browse through Grand View Research’s collection of procurement intelligence studies:

 

• Media Buying and Planning Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Public Relations Procurement Intelligence Report, 2024 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

 

Household Cleaners Contract Manufacturing Procurement Intelligence Report Scope


• Household Cleaners Contract Manufacturing Category Growth Rate: CAGR of 11.0% from 2023 to 2030

• Pricing Growth Outlook: 5% - 10% (Annually)

• Pricing Models: Cost-plus pricing, competition-based pricing, demand-based pricing, hourly pricing, and fixed pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Geographical service provision, years in service, employee strength, quality management system, technologies deployed in manufacturing, regulatory compliance & IP protection, assembly & storage capacity, transportation support, lead time, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

 

Brief about Pipeline by Grand View Research:


A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

 

Our services include (not limited to):


• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Food Colors Market Forecast: Opportunities Driven by Health Trends and Clean Labelling

 Food Colors Industry Overview


The global food colors market size was valued at USD 3.13 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030. One of the key drivers is the increasing importance of visual appeal in the food industry. Food colors are used to make food and beverages more attractive to consumers. The vibrant and visually appealing food products tend to have a higher perceived value and are more likely to be purchased.


Gather more insights about the market drivers, restrains and growth of the Food Colors Market


Over the past few years, the governments of Spain and Germany have launched and successfully implemented numerous campaigns to promote healthier lifestyles by introducing innovative health products to reduce obesity, cholesterol, and diabetes. This trend is expected to play a crucial role in the promotion of natural food colors in consumables.


The market is expected to exhibit a low threat of new entrants on account of extensive portfolio offered and distribution network operated by existing players, which results in a high entry barrier for the new entrants. Besides, the high switching cost for the buyers makes it difficult for new players to gain a significant market share, thereby lowering the threat of new entrants.


Concerns raised by consumers regarding the use of natural carmine extracted from cochineal insects are encouraging the manufacturers to seek other alternatives. With LycoRed producing its Lyc-O-Beta carotene orange color through the fermentation of the Blacksiea trispora fungus, Chr. Hansen is also trying to manufacture carmine through a similar process. Companies are also searching for alternatives owing to the fluctuating prices of carmine.


The growth of the natural food colors market is primarily attributed to the growing preference among consumers for natural ingredients, particularly those derived from plant-based sources. Additionally, labels such as ‘no artificial colors/flavors’ strongly influence consumer purchase decisions, further driving the natural food colors market.


Browse through Grand View Research's Consumer F&B Industry Research Reports.


• The global lactose-free butter market size was estimated at USD 311.5 million in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2030. The demand and consumption of lactose-free butter are on the rise, driven by a growing awareness of lactose intolerance.


• The global taurine supplements market size was estimated at USD 371.7 million in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030. The increasing demand for taurine supplements among consumers can be attributed to a variety of factors and emerging trends.


Food Colors Market Segmentation


Grand View Research has segmented the global food colors market based on type, form, source, application, and region:


Food Colors Type Outlook (Revenue: USD Million; Volume: Metric Tons; 2018 - 2030)
• Natural
o Carmine
o Anthocyanins
o Caramel
o Annatto
o Carotenoids
o Chlorophyll
o Spirulina
o Others
• Synthetic
o Blue
o Red
o Yellow
o Green
o Amaranth
o Carmoisine
o Others
• Nature-identical


Food Colors Form Outlook (Revenue: USD Million; Volume: Metric Tons; 2018 - 2030)
• Powder
• Liquid
• Gel & Paste


Food Colors Source Outlook (Revenue: USD Million; Volume: Metric Tons; 2018 - 2030)
• Plants, animals, & insects
• Microorganisms
• Petroleum, other minerals & chemicals


Food Colors Application Outlook (Revenue: USD Million; Volume: Metric Tons; 2018 - 2030)
• Food
o Processed food
o Bakery & confectionery
o Meat, poultry, and seafood
o Oils & fats
o Dairy products
o Others
• Beverages
o Juices
o Functional drinks
o Carbonated soft drinks
o Alcoholic beverages


Food Colors Regional Outlook (Revenue: USD Million; Volume: Metric Tons; 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o South Korea
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o UAE


Order a free sample PDF of the Food Colors Market Intelligence Study, published by Grand View Research.


Key Companies profiled:
• BASF
• Cargill
• CHR Hansen
• Danisco
• DD Williamson
• DSM
• GNT Group
• Lycored Ltd.
• Naturex
• SAN-EI GEN F.F.I. INC


Recent Developments


• In April 2023, Sensient Colors, a division of Sensient Technologies, developed a new natural green color for pet foods. Vertafine, developed by Sensient Colors, is a new natural green color option for pet foods that enables pet food manufacturers to meet the increasing consumer demand for natural colors. This solution offers bright green shades and is cost-effective, making it suitable for high-heat pet food applications.


• In December 2022, Givaudan acquired DDW, a natural color company based in the U.S. Through the acquisition, Givaudan aims to provide customers with an attractive offering and engage in collaborative efforts to develop captivating and multi-sensory food experiences.

Thursday, 22 August 2024

Sports Equipment Market | Booming Segments And The Impact Of Technology

  

Sports Equipment Industry Overview

 

The global sports equipment market size was valued at USD 331.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. Continuous innovations and rapid technological advancements to keep pace with dynamic consumer preferences are driving the growth of the market. The increasing awareness about the benefits of a healthy lifestyle and the importance of sports and fitness activities, is further stimulating the demand for such equipment.

 

The Covid-19 pandemic has adversely affected several industries including the athletic and fitness industry. Many tournaments and game events, including the Olympics, have either been postponed or their format has been altered. As a result, stakeholders in the market are trying to assess the downstream impact arising from disrupted cash flows, insecurities, and the potential declines in long-term attendance and engagement.

 

Gather more insights about the market drivers, restrains and growth of the Sports Equipment Market

 

The growing popularity of national and international events, such as the Soccer World Cup, Olympic Games, and Cricket World Cup, is also boosting the growth of this market for sports equipment. Rising cases of lifestyle-related health issues, such as stress and obesity, are pushing more people to engage in outdoor and fitness activities and this is fueling the demand for various sorts of fitness and sports equipment. The growing availability of popular international athletic equipment brands is also contributing to product demand. Women’s participation in sports is a major factor that is likely to boost market growth. According to BBC, the difference between the number of men and women participating in sports in England has dropped to 1.55 million in 2018.

 

The gap is further expected to reduce over the coming years and this will have a positive impact on the demand for equipment. Spending on such equipment for kids has increased in gradually over the years thanks to the growing awareness pertaining to the benefits of such games in their physical development. India and China are lucrative markets for sports equipment. Rising disposable income and improved living standards of the consumers are key factors accelerating product demand in these countries. Moreover, low production costs and a thriving manufacturing industry are likely to propel the market growth in Asia Pacific.

 

Companies are trying to maximize market penetration by increasing brand awareness via TV commercials and print media, internet, social media platforms, team sponsorships, and partnerships with the athletes of various sports and fitness enthusiasts. Moreover, social media influencers and favorite sports personnel are endorsing various brands which is likely to supplement to the growth of the market for sports equipment.

 

Browse through Grand View Research's Category Clothing, Footwear & Accessories Industry Research Reports.

 

• The global blanket market size was valued at USD 15.14 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. The blanket market is witnessing significant growth driven by technological advancements such as smart textiles, digital knitting machines, and eco-friendly materials. Innovations in the textile market, such as temperature-regulating fabrics and sustainable production techniques, enhance product offerings.

 

• The global pickleball apparel & equipment market size was estimated at USD 1.98 billion in 2023 and is projected to grow at a CAGR of 15.1% from 2024 to 2030. The market is experiencing robust growth due to factors such as the sport's accessibility and ease of learning, which have increased participation across all age groups, from children to seniors.

 

Sports Equipment Market Segmentation

 

Grand View Research has segmented the global sports equipment market on the basis of product, distribution channel, and region:

 

Sports Equipment Product Outlook (Revenue, USD Billion, 2017 - 2030)

 

• Ball over net games
• Ball games
• Fitness/Strength Equipment
• Athletic Training Equipment
• Others

 

Sports Equipment Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

 

• Online retail
• Specialty & sports shops
• Department & discount stores

 

Sports Equipment Regional Outlook (Revenue, USD Billion, 2017 - 2030)

 

• North America
o U.S.
• Europe
o Germany
o U.K.
o France
• Asia Pacific
o China
o India
o Japan
o Australia
o New Zealand
• Central & South America
o Brazil
o Mexico
• Middle East & Africa


Order a free sample PDF of the Sports Equipment Market Intelligence Study, published by Grand View Research.

 

Key Companies profiled:

 

• Adidas AG
• Amer Sports
• Callaway Golf Co.
• Sumitomo Rubber Industries Limited
• Nike, Inc.
• Puma SE
• Mizuno Corporation
• Sports Direct International PLC
• Under Armour
• Yonex Co., Ltd.

 

Key Sports Equipment Company Insights

 

The market includes both international and domestic participants. Key market players focus on strategies such as innovation and new product launches in retails, expanding distribution channel, entering in department and discount stores, and collaborating with the celebrities in order to gain maximum customer penetration.

 

• In March 2021, DICK'S Sporting Goods, the largest U.S.-based, omni-channel sporting goods retailer, announced the introduction of VRST, a men's athletic apparel brand built for the modern active man who lives life on-the-go.

 

• In June 2021, JD Sports Group recently acquired Deporvillage, an online-only retailer of outdoor sporting equipment. Under this acquisition, the company will acquire 80% of stake, while 0% will be retained by Deporvillage founders Xavier Pladellorens and Ángel Corcuera.

Cleaning And Hygiene Products Market Future And Spotless Prospects To 2030

  

Cleaning And Hygiene Products Industry Overview

 

The global cleaning and hygiene products market size was estimated at USD 153.58 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030. The market is driven by various factors such as the increasing number of single-person households, rising disposable income, heightened health and hygiene priorities among consumers have driven a surge in the demand for household cleaning products.

 

Moreover, the market has witnessed ongoing product innovations, as numerous companies expand their product ranges, significantly transforming the industry landscape. The COVID-19 pandemic significantly heightened awareness regarding hygienic practices and household cleanliness on a global scale. This increased awareness sparked an unprecedented surge in demand for cleaning products, resulting in a widespread shortage. Manufacturers responded by ramping up production capacity, which notably boosted global sales within this market segment.


Gather more insights about the market drivers, restrains and growth of the Cleaning And Hygiene Products Market

 

The market is experiencing a notable push from consumers towards eco-friendly and sustainable household products. This shift is evident as customers seek cleaning items with 'natural' components, aiming to steer clear of harmful chemicals while reducing carbon emissions in both production and usage. Furthermore, the growing market for premium household products in developed nations such as the UK, the U.S., Canada, and Japan has contributed significantly to recent market expansion.

 

There is a rising emphasis on cleanliness and hygiene within commercial sectors, fueling substantial demand for multi-purpose cleaning products. These cleaners boast versatility, able to handle various tasks like floor and surface cleaning, glass maintenance, and effectively tackling challenging stains like oil and grease. The efficiency of using a single product for multiple functions is apparent, offering economic advantages and simplified management and storage.

 

The market has seen a notable increase in demand for cleaning products that prioritize safety and are devoid of harsh chemicals. Ammonia, a common ingredient in many cleaners, often presents an unpleasant aspect. Within bustling commercial spaces hosting numerous daily visitors, these products can adversely affect the overall visitor experience. Moreover, individuals sensitive to chemical cleaning products might exhibit allergic reactions such as sneezing, coughing, or watery eyes in severe cases.

 

Individual preferences for products vary significantly, influenced by psychographic, demographic, and behavioral aspects. Lifestyle choices and awareness notably shape consumer behavior. Sustaining consumer loyalty and product differentiation poses a challenge in the current market. The allure of innovative offerings often leads consumers away from sticking to a single brand or product. Small and medium-sized manufacturers face escalating difficulties in keeping pace with evolving consumer preferences, collectively impeding market growth.

 

Browse through Grand View Research's Category Homecare & Décor Industry Research Reports.

 

• The global personal chef services market size was valued at USD 15.86 billion in 2023 and is expected to grow at a CAGR of 6.5% from 2024 to 2030. As more consumers become health-conscious and seek to manage dietary restrictions or preferences, the need for customized meal plans has grown.

 

• The global wash basins market size was estimated at USD 34.86 billion in 2023 and is expected to grow at a CAGR of 7.0% from 2024 to 2030. The expansion of the real estate and construction sectors significantly impacts the demand for wash basins.


Cleaning And Hygiene Products Market Segmentation

 

Grand View Research has segmented the globalcleaning and hygiene products market based on product, application, end-user, and region:

 

Cleaning & Hygiene Product Outlook (Revenue, USD Million, 2018 - 2030)

• Abrasives
• Acids
• Bleaches
• Detergents & Degreasers
• Sanitizers
• Others

 

Cleaning & Hygiene Products Application Outlook (Revenue, USD Million, 2018 - 2030)

• Toilet
• Kitchen
• Floor
• Surface
• Laundry
• Hand/Personal Care
• Others

 

Cleaning & Hygiene Products End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Household
• Commercial
o Hospitals & Healthcare Establishments
o Hospitality
o Food Service
o Cruise Ships
o Building Service Contractors
o Retail Stores
o Institutional
o Commercial Laundry

 

Cleaning & Hygiene Products Regional Outlook (Revenue, USD Million, 2018 - 2030)


• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Netherlands
o Russia
o Poland
o Belgium
o Switzerland
• Asia Pacific
o China
o India
o Australia & New Zealand
o South Korea
o Indonesia
o Thailand
o Malaysia
• Central & South America
o Brazil
o Argentina
o Caribbean Islands
o Central America
• Middle East & Africa
o Turkey
o UAE
o Saudi Arabia
o South Africa
o Nigeria


Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

 

Key Companies profiled:

 

• Colgate-Palmolive Company
• The Procter & Gamble Company
• Henkel AG & Co. KGaA
• Unilever plc
• Reckitt Benckiser Group plc
• Church & Dwight Co., Inc.
• Kao Corporation
• S.C. Johnson & Son Inc.
• McBride plc
• Vikara Services Pvt. Ltd. (The Better Home)

 

Key Cleaning And Hygiene Products Company Insights

 

Some key players operating in this market include Colgate-Palmolive Company, The Procter & Gamble Company , Henkel AG & Co. KGaA, and Unilever PLC.


• Unilever is a multinational consumer goods company with a diverse portfolio of food, beverages, cleaning agents, and personal care products. The brands under the company operate under five groups - beauty and wellbeing, personal care, home care, nutrition, and ice cream. Unilever is active in more than 190 countries, with a portfolio of more than 400 brands. The company focuses on environmental sustainability and takes active steps to minimize the impact of its operations on the environment.


• Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, the U.S. The company manufactures, markets, distributes, and retails products in categories such as health care, household, personal care, and veterinary products. The company caters to personal care, oral care, home care, and pet care through its brands Colgate, Palmolive, Elmex, Tom’s of Maine, Hello, Sorriso, Speed Stick, Softsoap, Irish Spring, Protex, Sanex, Filorga, eltaMD, PCA Skin, Ajax, Axion, Fabuloso, Soupline, Suavitel, Hill’s Science Diet, and Hill’s Prescription Diet.


Vikara Services Pvt. Ltd. (THE BETTER HOME) is one of the notable emerging market participants in the cleaning and hygiene products market.


• Vikara Services Pvt. Ltd (THE BETTER HOME) specializes in creating, innovating, manufacturing, and distributing a wide array of essential household items. Their range includes laundry essentials, household cleaning implements, kitchen utensils, and more. The company promotes and sells its products across multiple countries and regions, including the United States, United Kingdom, Germany, Australia, and various other global markets.

 

Recent Developments

 

• In January 2022, Henkel Corporation outlined its intentions to merge its beauty care division with its laundry and home care segment. This strategic move is geared towards the establishment of fresh consumer brands by leveraging this unified platform


• In December 2021, Unilever introduced a novel dishwashing liquid formulated entirely from naturally sourced ingredients. This product is highly renewable, with 99% of its components biodegradable, and packaged in bottles crafted from 100% recyclable plastics. The company's objective revolves around diminishing carbon footprints and lessening reliance on ingredients derived from fossil fuels

Friday, 16 August 2024

Cookware Market A Global Perspective and Consumer Preferences

 Cookware Industry Overview

 

The global cookware market size was valued USD 30.59 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2030. The rising preference for modular kitchens, coupled with the improving standard of living, is driving the demand for cookware products in the commercial as well as residential sectors. In addition, the growing trend of food-away-from-home has raised awareness regarding different cooking techniques and utensils, thereby driving the adoption of various cookware products.

 

Increased spending on home improvement projects or home remodeling is also boosting product demand. The growing home values have doubled the homeowners’ equity in the last five years since 2019, indicating a surge in the spending capacity toward home improvement. Houzz, an online platform for home remodeling and design, conducted its 12th annual U.S. Houzz & Home Study, surveying over 46,000 respondents in the U.S. The findings revealed that in 2022, almost 58% of surveyed homeowners chose to renovate their homes, while nearly half, or 48%, focused on essential repairs and also on quality cookware. These developments are likely to positively influence the market.

 

Gather more insights about the market drivers, restrains and growth of the Cookware Market

 

Rapid expansion in commercial constructions, particularly in developing economies such as India, and China is paving the way for eateries, restaurants, and food joints, indicating rising growth prospects for cookware products. The increasing number of meals consumed away from home due to the surge in the working population worldwide will further drive market growth, particularly in the commercial sector. For instance, according to The World Cooking Index Report published by Cookpad Inc. in 2022, the average number of meals consumed at home each week has declined overall, from 9.9 meals in 2020 to 9.8 in 2021.

 

Consumers with a high level of affordability spend make informed choices to elevate their quality of life, leading to the acquisition of practical and versatile household products like cookware. This trend is expected to contribute to the growth of the market in the foreseeable future. According to a report published by The National Kitchen & Bath Association (NKBA) in 2021, rising homeowner expenditure on kitchen remodeling projects would boost the demand for kitchenware and cookware products. Improved standards of living, backed by rising disposable income levels, drive the demand for high-end and exquisite cookware products across the globe.

 

Customers are appealing for more sustainable products due to worries about deforestation and climate change. Demand for eco-friendly cookware that is devoid of adhesives, polymers, coatings, or colors is higher than ever. Customers are looking for environmentally friendly products that also look good. For instance, Our Place, a Los Angeles-based firm that produces Teflon and PTFE-free cookware that is created responsibly with responsible materials. Such initiatives are expected to propel the market growth over the forecast period.

 

Browse through Grand View Research's Category Homecare & Décor Industry Research Reports.

 

• The global wedding services market size was estimated at USD 182.56 billion in 2023 and is expected to grow at a CAGR of 12.7% from 2024 to 2030. The global demand for wedding services is experiencing robust growth due to a combination of increasing disposable incomes, evolving consumer preferences, and cultural shifts toward more personalized and elaborate celebrations.

 

• The global flower delivery service market size was estimated at USD 7.20 billion in 2023 and is expected to grow at a CAGR of 6.8% from 2024 to 2030. The flower delivery service market has undergone a remarkable transformation, driven by evolving consumer expectations, technological advancements, and innovative business models.

 

Cookware Market Segmentation

 

Grand View Research has segmented the global cookware market report on the basis of type, product, material, application, distribution channel, and region:

 

Cookware Type Outlook (Revenue, USD Million, 2018 - 2030)


• Standard /Non-Coated
• Non-Stick/ Coated
o Teflon (PTFE) Coated
o Ceramic Coated
o Enamel Coated
• Others

 

Cookware Product Outlook (Revenue, USD Million, 2018 - 2030)


• Pots & Pans
• Pressure Cooker
• Cooking Racks
• Cooking Tools
• Bakeware
• Microware Cookware

 

Cookware Material Outlook (Revenue, USD Million, 2018 - 2030)


• Stainless Steel
• Carbon Steel
• Cast Iron
• Aluminum
• Glass
• Stoneware
• Others

 

Cookware Application Outlook (Revenue, USD Million, 2018 - 2030)


• Residential
• Commercial

 

Cookware Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)


• Supermarket/ Hypermarket
• Specialty Stores
• Online
• Others

 

Cookware Regional Outlook (Revenue, USD Million, 2018 - 2030)


• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Indonesia
o South Korea
o Australia & New Zealand
• Central & South America
o Brazil
o Argentina
• Middle East & Africa (MEA)
o South Africa
o Saudi Arabia

 

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

 

Key Companies profiled:

 

• Groupe SEB
• Werhahn Group
• Target
• Meyer Corporation
• Fissler
• Tramontina
• Newell Brands Inc.
• SCANPAN
• TTK Prestige Ltd.
• The Vollrath Co., L.L.C.
• Hawkins Cookers Limited

 

Recent Developments

 

• In October 2023, Le Creuset added the newest color variant—thyme—to its enameled cast iron and stoneware product lines. This fresh color option is now accessible on the company's website, at its signature stores, and at Crate & Barrel.


• In May 2023, Groupe SEB acquired Pacojet, a Swiss family-owned company that specializes in developing and marketing a unique culinary appliance that has been popular with chefs for three decades. The acquisition is part of Groupe SEB's strategy to expand its presence in the professional market.


• In January 2023, Groupe SEB had its partnership extended with GXO, a contract logistics provider. The partnership will provide Groupe SEB with additional warehouse space to support sustainable growth, enabling its omnichannel business to deliver a superior customer experience in the UK and Ireland using customized end-to-end supply chain solutions.


• In November 2022, Target intends to open large-format stores that will cover an area of approximately 150,000 square feet. The new store design will enable the company to expand its online ordering services and in-store merchandise offerings. In addition to enhancing Target's drive-up and in-store pickup capabilities, the new store design will be intended to provide more space for employees to prepare online delivery orders.

Wednesday, 14 August 2024

Lingerie Market: Sustainable, Plus-Size and Luxury Lingerie

 Lingerie Industry Overview

 

The global lingerie market size was valued at USD 88.32 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. Growing awareness regarding the best fit of products, the increasing population of millennials, and the increasing spending power of women are some of the major factors expected to drive the market over the forecast period.

 

The rise in the availability of a wide range of products in numerous designs for several purposes such as daily wear, sportswear, and bridal wear has also been propelling the industry growth. The increasing popularity of lingerie across the globe is also attributed to the shifting focus of men and women toward such products to accentuate their natural beauty.

 

Gather more insights about the market drivers, restrains and growth of the Lingerie Market

 

The growing trend of using flexible fabrics for the manufacturing of lingerie is driving the market. The increase in demand for and usage of lingerie can also be attributed to the usage of various fabrics including lace, cotton, nylon, silk, and sheer. Designers of lingerie products are focusing on creating products manufactured using luxurious materials, embroidery, lace, and others. Thus, such factors are expected to boost growth over the forecast period. The aforementioned factors are shifting the focus of consumers towards these kinds of products, which is eventually encouraging the designers and the manufacturers to present similar fashionable lingerie suitable for diverse purposes.

 

The further growth of the market is attributed to increasing demand for one-piece and seamless intimate apparel among consumers as they provide a more natural look. Furthermore, good fabric design finished application and the addition of a broad range of colors in the product line are other key factors surging the demand for lingerie among consumers. However, the unavailability of lingerie in plus sizes to fit diverse sizes is expected to hamper growth. Moreover, lingerie is high priced and expensive as they are manufactured using sophisticated and expensive machinery, which is expected to hinder growth over the forecast period. In contrast, investment and spending are done by various key players to develop lingerie for all shapes and sizes, which is anticipated to present key growth opportunities for the market.

 

COVID-19 took a drift on various industries while it benefitted others. However, it took a toll on the market for lingerie and resulted in a fall in product demand and purchase. Majorly, the physical outlets were severely affected due to restrictions, government guidelines, and lockdown situations as consumers were forced to stay at home to avoid the surge in the spread of the disease. However, consumers were still purchasing lingerie through online channels. As a result, the effect of the COVID-19 pandemic on the market for lingerie was less than that of other industries.

 

Browse through Grand View Research's Category Clothing, Footwear & Accessories Industry Research Reports.

 

• The global blanket market size was valued at USD 15.14 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. The blanket market is witnessing significant growth driven by technological advancements such as smart textiles, digital knitting machines, and eco-friendly materials. Innovations in the textile market, such as temperature-regulating fabrics and sustainable production techniques, enhance product offerings.

 

• The global footwear market size was estimated at USD 438.62 billion in 2023 and is anticipated to grow at a CAGR of 4.3% from 2024 to 2030. Rising disposable incomes, particularly in emerging economies, have increased spending on new fashionable footwear.


Lingerie Market Segmentation

 

Grand View Research has segmented the global lingerie market on the basis of product type, distribution channel, and region:

 

Lingerie Product Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Briefs
• Bras
• Shapewear
• Others

 

Lingerie Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Offline
• Online

 

Lingerie Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
• Central & South America
o Brazil
• Middle East & Africa
o South Africa


Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

 

Key Companies profiled:

• Jockey International Inc.
• Victoria’s Secret
• Zivame
• Gap, Inc.
• Hanesbrands Inc.
• Triumph International Ltd.
• Hunkemoller
• Bare Necessities
• Calvin Klein
• MAS Holdings


Recent Developments

• In June 2023, Victoria’s Secret and Amazon Fashion collaborated to improve the shopping experience for customers. The collaboration will include over 4,000 fashion items from Victoria's Secret and PINK, including panties, bras, swimwear, loungewear, and sleepwear. Particular bra and apparel styles will also be available on Amazon Prime’s Try Before You Buy program.

• In February 2023, HanesBrands Inc. launched the Hanes Originals collection, which encompasses a range of innerwear for women, men, girls, and boys, including bras, underwear, T-shirts, and tanks. The collection is a fusion of vibrant patterns and colors and innovative fabrics. It includes men's boxer briefs and trunks in youthful prints, modern fits, and lower rise, as well as women’s bra-tops, bralettes, boyshorts, bikinis, and thongs in seasonal prints and a soft cotton blend.
• In November 2022, Jockey International Inc. announced the launch of its 10th exclusive brand store in the UAE. The launch earmarked a significant milestone in the network of exclusive Jockey stores since its first store launch in 2014.

• In August 2022, Calvin Klein revealed the ‘Autumn 2022’ campaign featuring a diverse group of culture shapers. The campaign showcased new underwear and loungewear styles, including the Embossed Icon collection, the Modern Cotton silhouettes collection, and the Modern Cotton Naturals collection.

Home Bedding Market: Insights Into Consumer Behavior

 Home Bedding Industry Overview

 

The global home bedding market size was valued at USD 104.64 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030. The boom in the housing sector and growing consumer spending on bedding products have expanded the growth scenario for the market.

 

Key players are gaining opportunity by the increase in awareness of the importance of organic bedding, inducing consumers to invest in quality bedding products. For instance, in February 2022, Parachute Home Inc., a U.S.-based key player in the bedding industry launched a collection based on organic materials.

 

Gather more insights about the market drivers, restrains and growth of the Home Bedding Market


The bedding industry is constantly evolving, with innovations and technologies being introduced to improve the comfort, durability, and functionality of bedding products. Consumers are becoming more aware of the importance of getting quality sleep for their health and well-being. As a result, they are looking for luxury bedding products that offer comfort and support. A U.S.-based home bedding company; ALLIED Home Bedding extended its collection of luxury bedding with 37.5 Technology that aids in controlling the temperature of the bedding products such as mattresses, pillows, comforters, and blankets. The innovation reduces the disruption in sleep due to temperature, leading to long and deep sleep cycles and boosting the demand for such smart products in the bedding industry.

Luxury bedding items, combined with their functional benefits, are assisting in industry-improved performance, indicating an increase in demand for home bedding products. In addition, the critical link between good sleep and a healthy mind and body has increased the need for high-quality bedding. According to the American Sleep Apnea Association, 50 to 70 million Americans suffer from sleep-related issues, and the rate of sleep deprivation has risen in the previous 30 years.

Increasing concerns about environmental sustainability are also driving the growth of the market. Consumers are looking for eco-friendly fabric options, such as organic cotton or bamboo bedding. Market players are meeting the needs and preferences of environmentally conscious consumers by introducing eco-friendly mattress models. For instance, in September 2022, Centuary Mattress launched the Foamtastic collection of eco-friendly foam mattresses.

In addition, the work-from-home revolution caused by lockdowns across countries due to the pandemic has reoriented people’s budgets towards spending on their home bedding products. A large chunk of consumers is working from their beds and spending more time at home, which has consequently upgraded the sleep setup.

 

Browse through Grand View Research's Category Homecare & Decor Industry Research Reports.

 

• The global wash basins market size was estimated at USD 34.86 billion in 2023 and is expected to grow at a CAGR of 7.0% from 2024 to 2030. The expansion of the real estate and construction sectors significantly impacts the demand for wash basins. As residential and commercial construction projects rise globally, there is a corresponding increase in the need for bathroom fixtures.


• The global smart toilet market size was valued at USD 9.57 billion in 2023 and is projected to grow at a CAGR of 12.6% from 2024 to 2030. The market is anticipated to grow in the coming years as consumer consciousness regarding cleanliness and hygiene increases. Smart toilets enhance the effectiveness of toilet cleaning and maintenance, reducing the risk of disease transmission.

 

Home Bedding Market Segmentation

 

Grand View Research has segmented the global home bedding market on the basis of on type, distribution channel, and region:

 

Home Bedding Type Outlook (Revenue, USD Million; 2018 - 2030)


• Bed Linen
• Mattress
• Pillows
• Blankets
• Mattress Toppers & Pads
• Others

 

Home Bedding Distribution Channel Outlook (Revenue, USD Million; 2018 - 2030)


• Offline
o Supermarket/Hypermarket
o Specialty Stores
o Others
• Online

 

Home Bedding Regional Outlook (Revenue, USD Million; 2018 - 2030)


• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o South Korea
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o UAE
o South Africa

 


Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

 

Key Companies profiled:

 

• Acton & Acton Ltd.
• American Textile Company
• Tempur Sealy International, Inc.
• Bombay Dyeing
• Casper Sleep Inc.
• Beaumont & Brown
• Pacific Coast Feather Company
• Crane & Canopy Inc.
• Peacock Alley
• Purple Innovation, Inc
• The White Company
• Portico New York

 

Recent Developments

 

• In March 2023, American Textile Company (ATC) unveiled its new bedding product AllerEase®, with cutting-edge HeiQ Allergen technology. ATC collaborated with the Swiss materials innovation company HeiQ to launch several bedding products including pillows, mattress and pillow protectors, mattress pads, blankets, comforters, and throws the USA, Canada, and Mexico.


• In March 2023, Casper Sleep Inc. partnered with Bolt to include the latter’s Fenom Digital technology and API-based checkout experience in its deployment. Bolt’s technology provides a one-click checkout experience without replacing the existing user interface, thus providing consumers with a seamless checkout experience


• In February 2023, Brooklinen opened its new store in the West Loop neighborhood of West Side of Chicago, Illinois, marking its first location in the Midwest part of the U.S. Brooklinen continued its collaboration with the multidisciplinary design firm, Office of Tangible Space, to establish the Chicago studio

 

 

Tuesday, 6 August 2024

Global Baby Care Products Market: Industry Analysis and Growth Prospects

 Baby Care Products Industry Overview


The global baby care products market size was valued at USD 18.17 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2021 to 2028. The market has been witnessing rapid growth as consumer preferences are shifting towards high-quality, utility-driven, and premium baby products. Moreover, there has been an increasing focus on vegan, paraben, and synthetic-free products due to the rising levels of awareness regarding the harmful effects of synthetic products. The COVID-19 pandemic has disrupted the supply chain and influenced consumers’ shopping patterns. According to the annual report published by Johnson & Johnson Consumer Inc., the baby care segment observed a decline of 9.4% in 2020, in comparison to 2019. The company reported the decline due to the COVID-19, SKU rationalization, and other factors. Whereas Kimberly-Clark (KCWW) observed an increase in the sales of its baby and child care products in 2020.

 

Gather more insights about the market drivers, restrains and growth of the Baby Care Products Market

 

The demand for baby care products is rapidly increasing in the U.S. owing to the rising concerns related to the safety and wellness of infants. An increasing number of parents are seeking hygienic and moisture-based products, such as wipes and creams, to prevent skin infections and treat diaper rashes. Furthermore, parents are spending more on infant care since after the pandemic. For instance, according to the figures published on Move.org in April 2021, parents in the District of Columbia are spending 26.3% of their income on infant care, followed by 24.4% in Massachusetts, 21.9% in Indiana, and 21.3% in New York as of March 2021.


Increasing participation of women in the workforce, the evolving parenting preferences, growing independence, and spending capacity across the globe are expected to boost the overall market growth. According to an article published on CNBC LLC in January 2020, American parents with children under the age of five are spending over USD 42 billion on early child care and education.


Owing to the growing concerns regarding infants’ delicate and sensitive skin, a growing number of parents are opting for baby care products, such as body washes, diaper creams, and baby wipes, which are made from plant-based and organic ingredients. Moreover, these products offer numerous benefits that help in treating skin allergies, discomfort, rashes, and other similar skin-related issues. Such instances are likely to significantly boost the market growth over the forecast period.


Increasing investments in the research & development of products, coupled with the growing trend of natural, organic ingredient-based baby care products, have encouraged manufacturers to introduce new products through popular supermarkets and specialty stores. For instance, in August 2021, prominent baby care brand Baby Dove collaborated with Walmart to launch its new line of shampoo, conditioner, baby wash, and skin cream for infants’ delicate skin and multiracial babies. Such product offerings are expected to positively influence market growth.

 

Browse through Grand View Research's Category Beauty & Personal Care Industry Research Reports.


• The global liquid makeup market size was estimated at USD 7.7 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.4%from 2022 to 2030. The market's growth is reliant upon the global consumer trend toward well-being.

• The global shampoo bar market size to be valued at USD 17.0 million by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% during the forecast period. Rising awareness regarding health, hygiene, and harmful side effects associated with the long term use of chemical cosmetics and personal care products are propelling the demand for shampoo bar with zero plastic waste.

 

Baby Care Products Market Segmentation

 

Grand View Research has segmented the global baby care products market report on the basis of product, distribution channel, and region:


Baby Care Products Product Outlook (Revenue, USD Million, 2016 - 2028)

• Baby Skin Care
o Baby Moisturizer
o Baby Face Cream
o Baby Massage Oil
o Baby Powder
o Diaper Rash Cream
• Baby Toiletries/Hair Care
o Shampoo
o Conditioner
o Hair Oil
o Baby Body Wash
o Baby Wipes

 

Baby Care Products Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Hypermarket & Supermarket
• Pharmacy & Drugstores
• Specialty Store
• Online
• Others

 

Baby Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
o U.S.
• Europe
o Germany
o U.K.
o France
• Asia Pacific
o China
o India
• Central & South America
o Brazil
• Middle East & Africa
o South Africa

 


Order a free sample PDF of the Baby Care Products Market Intelligence Study, published by Grand View Research.

 

Key Companies profiled:


• Johnson & Johnson
• Procter & Gamble (P&G)
• Kimberly-Clark (KCWW)
• Honasa Consumer Pvt. Ltd.
• The Himalaya Drug Company
• Citta World
• Sebapharma GmbH & Co. KG
• Beiersdorf
• California Baby
• Unilever

Monday, 5 August 2024

European Reusable Water Bottle Market: Growing Demand for Sustainable Products

 Europe Reusable Water Bottle Industry Overview

 

The Europe reusable water bottle market size was estimated USD 1.90 billion in 2023 and is expected to grow at a CAGR of 4.5% from 2024 to 2030. This growth is driven by legislative actions and bans aimed at reducing single-use plastic consumption. For instance, the Single-use Plastics Directive in the EU mandates ambitious recycling targets and promotes eco-friendly alternatives like reusable water bottles. Consumer attitude toward sustainability is also contributing to market growth, with rising awareness of the environmental impact of single-use plastics and increasing adoption of reusable alternatives.

 

The survey findings from Leatherhead indicate that 58% of respondents keep and reuse their plastic bottles, which reflects a growing consumer awareness and willingness to adopt sustainable practices. With the UK's commitment to eliminating all plastic waste by 2042, consumers have a clear incentive to prioritize recycling and seek reusable alternatives, resulting in a growing demand for reusable water bottles.

 

Gather more insights about the market drivers, restrains and growth of the Europe Reusable Water Bottle Market

 

Moreover, consumers increasingly recognizing the value of sustainable products and strive to reduce their plastic consumption, this shift in consumer behavior bodes well for the market demand. In addition, due to the changing consumer preferences towards sustainability, major manufacturers in Europe are capitalizing on this trend by offering innovative and eco-friendly reusable water bottles, driving market growth and contributing to the overall goal of reducing plastic waste and promoting a circular economy.

 

The increasing trend of bio-plastic reusable water bottles among European consumers is driven by heightened environmental awareness and a strong commitment to sustainability. Consumers are increasingly rejecting single-use plastics in favor of eco-friendly alternatives, spurred by grassroots environmental movements and stringent government regulations to reduce plastic waste. Bio-plastics, derived from renewable sources like corn starch or sugarcane, offer a biodegradable and lower carbon footprint alternative, aligning with the continent's push towards a circular economy. This shift is supported by innovations in material science that enhance the durability and usability of bio-plastic products, making them a viable and attractive choice for conscientious consumers.

 

For instance, Bottle Up, an Amsterdam-based company, introduced the first fully reusable, pre-filled, plant-based water bottle in the UK in January 2024, aiming to address the significant issue of single-use plastic water bottle consumption. These bottles are made from sugar cane, a crop that requires minimal fertilizer and irrigation, and are BPA-free. The bottles are pre-filled with spring water from Elmhurst to reduce their carbon impact and can be cleaned at home in a dishwasher for continued reuse. Available in three colors, they are designed to be durable throughout their lifecycle and are sold through various retail and online outlets, with plans to expand into hospitality venues.

 

Companies are leveraging multiple retail channels and partnerships with end-users, such as hotel chains in the hospitality sector, to enhance their sales. For instance, Bottle Up has strategically positioned itself in the European reusable water bottle market by leveraging a multi-channel retail approach to maximize accessibility and reach. By partnering with well-known hospitality chains such as Accor, Bottle Up aims to penetrate the hospitality sector and promote the adoption of reusable bottles in various venues. The brand is also available through major retailers like Morrisons, Ocado, WH Smith, The Co-op, BP, Whole Foods, and Amazon, ensuring widespread distribution across both physical and online platforms, catering to diverse consumer preferences, and shopping habits

 

Browse through Grand View Research's Homecare & Décor Category Industry Research Reports.

 

• The global faucet market size was estimated at USD 21.78 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2030. The increasing prominence of multi-functionality faucets and the focus on aesthetic appeal is enhancing the demand for faucets in the market. The increase in investment in the industrial sector and urbanization is expected to make way for market growth.

• The global car wash service market size was estimated at USD 32.47 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. As environmental restrictions forbidding residential car washing techniques become more stringent, the customer base for professional car washes is expected to rise, fueling the demand for these services.

 

Europe Reusable Water Bottle Market Segmentation

 

Grand View Research has segmented the Europe reusable water bottle market based on raw material, type, distribution channel, and region:

 

Europe Reusable Water Bottle Raw Material Outlook (Volume, Million Units, Revenue, USD Million, 2018 - 2030)

 

• Glass
• Aluminum
• Plastic
• Silicone
• Steel
• Others

 

Europe Reusable Water Bottle Type Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

 

• Insulated
• Non-insulated

 

Europe Reusable Water Bottle Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

 

• Online
• Offline
o Wholesale
o Supermarkets/Hypermarkets
o Specialty Stores
o Sport Stores
o Local Stores

 

Europe Reusable Water Bottle Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

 

• Europe
o Germany
o Austria
o Switzerland
o France
o Great Britain
o Spain
o Italy

 

Key Companies profiled:

 

• Tupperware Brands Corporation
• SIGG Switzerland AG
• STANLEY
• YETI EUROPE (YETI Holdings, Inc.)
• 24Bottles
• HydroFlask
• Klean Kanteen
• Contigo Brands
• Camelbak
• Laken
• Ball Corporation
• Thermos LLC
• S'well
• Hydaway
• Chilly's Bottles

 

Order a free sample PDF of the Europe Reusable Water Bottle Market Intelligence Study, published by Grand View Research.

 

Recent Developments

 

• In March 2024, Camelbak introduced the Podium Steel and Podium Titanium vacuum-insulated bike water bottle series. The new vacuum-insulated design addresses a common issue cyclists face during summer rides-the warming of water throughout the journey-by delivering superior thermal efficiency to maintain a consistent water temperature for extended periods. The Podium vacuum-insulated bottle series includes stainless steel options in two widely preferred sizes: 530 ml priced at USD 35 and 650 ml priced at USD 40, along with a titanium version in 530 ml offered at USD 100.

• In January 2024, S'well introduced the S'well Explorer, its newest hydration innovation. Designed to focus on performance and functionality, the S'well Explorer incorporates the technology found in S'well's Original Bottles and Tumblers. Its fresh shape and enhanced usability makes it ideal for on-the-go hydration.