The Shampoo Market is all set to upscale along the lines of innovation in the forecast period. Flexible packaging has made a beeline into the CPG vertical and the scene is expected to be the same in the forecast period. There are various types of flexible packaging available, like post-consumer recycled, compostable, and biodegradable. Also, fat-turnaround helps in digitally printed flexible packaging, thereby rendering the CPG vertical flexible. The global market for shampoos is getting a boost due to a variety of reasons. Some of these reasons include a rise in the per capita income the world over and increasing product innovation in the realm of shampoos. In addition, aiding the market growth is the emerging men’s grooming sector and a greater demand for specialized products like organic shampoos and natural shampoos. Moreover, there is a growing threat of environmental pollution that leads to a variety of hair problems such as hair fall, dandruff, oily hair, etc. which necessitates the use of shampoos. Also, with the changing lifestyle and growing urbanization, there is heightened consumer awareness regarding personal care and grooming and this will also aid the growth of the shampoo market. To remain ‘ahead’ of your competitors, request for a [email protected]://www.persistencemarketresearch.com/samples/10777 The global shampoo market is slated to touch a value of about US$ 31,900 Mn in the year 2022 and grow at a moderate CAGR during the assessment period. 4 Forecast Highlights on Global Shampoo Market As per the forecast of Persistence Market Research, the herbal shampoo segment is slated to touch a value of nearly US$ 11,200 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The herbal shampoo segment is estimated to account for more than one-third of the revenue share of the product type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017. As per the forecast of Persistence Market Research, the mid-price segment will reach a value of about US$ 9,100 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The mid-price segment is forecasted to account for more than one-third of the total revenue share of the price segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017. As per the forecast of Persistence Market Research, the men demographic segment is slated to reach a value of nearly US$ 12,100 Mn in 2022. The men demographic segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the men demographic segment. Persistence Market Research forecasts the supermarket/hypermarket segment to exhibit a compound annual growth rate (CAGR) of nearly 4% from 2017 to 2022. For critical insights on this market, request for customization [email protected]://www.persistencemarketresearch.com/request-customization/10777 The report has also included the profiles of some of the leading companies in the shampoo market like Kao Corporation, Henkel AG & Co. KGaA, Shiseido Company Limited, The Unilever Group, Amway Corporation, The Procter & Gamble Company, The Detox Market Inc., Kimberly Clark Corporation, Beiersdorf Aktiengesellschaft and Church & Dwight Co., Inc. For in-depth competitive analysis, buy [email protected]://www.persistencemarketresearch.com/checkout/10777 Read More Trending “PMR Exclusive Article” Global Market Study on Men’s Underwear: https://www.persistencemarketresearch.com/market-research/underwear-market.asp Global Market Study on Socks: https://www.persistencemarketresearch.com/market-research/socks-market.asp About us: Persistence Market Research Contact us: Persistence Market Research Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States U.S. Ph. – +1-646-568-7751 USA-Canada Toll-free – +1 800-961-0353 Sales – [email protected]

Growing awareness of sustainability has encouraged players in the market to switch to sustainable solutions, as more and more consumers, especially the younger millennials, prefer opting for sustainable solutions. This is applicable not only to products but also product packaging. For instance, Darn Tough Vermont is one such brand that has prioritized sustainability goals. The brand recently announced the shift of its material base to 100% RWS (Responsible Wool Standard) Certified wool. The company also provides its products in recycled FSC certified paper printed with vegetable-based ink and other water-soluble glues.

Apart from this, few manufacturers have adopted organically grown fibres for the manufacturing of hiker socks and yoga socks. Some hiking socks in the market are manufactured using polyester yarn that comes from recycled water bottles. Such initiatives on the part of manufacturers are expected to attract increasing attention of environment-conscious consumers.

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As per Persistence Market Research analysis, the global hiker socks and yoga socks market is projected to expand at an impressive CAGR of more than 6% over the next ten years (2020 to 2030), where the sales of unisex socks will top the pecking order.

hiker-socks-and-yoga-socks-market

Key Takeaways from Hiker Socks and Yoga Socks Market Study

  • The hiker socks and yoga socks market is projected to witness significant revenue growth during the forecast period, as participation in outdoor recreation and sports activities is expected to increase across regions over the coming years.
  • The outbreak of novel coronavirus has further highlighted the importance of ethical living, which has helped attract consumer attention toward local and regional businesses.
  • In terms of material, wool holds a notable one-third share in the market, as it is a highly preferred material due its temperature regulation, cushioning, and anti-microbial properties.
  • In case of product, crew socks that are a little higher than the ankles hold around half of the market share, as these are considered to provide more protection.
  • In terms of sales channel, despite store-based retailing being a prominent channel, online retail is expected to reflect notable growth through 2030.
  • According to the regional analysis, North America and Europe together hold a notable share of more than one-third in the market. However, other regions such as East Asia and South Asia are expected to reflect high growth. Growing participation in outdoor recreation and other health and fitness activities such as yoga is likely to facilitate regional market growth.

“Manufacturers are constantly promoting hiker socks and yoga socks as cushion socks, anti-slip socks, grip socks, EcoMade socks, etc. Use of such claims is helping players attract increased user attention,” says a Persistence Market Research analyst.

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Rise of Private Retail Brands Likely to Impact Current Market Scenario

Today, well-established retailers such as Amazon, Walmart, etc., are aggressively expanding their business presence through private labels. For instance, Amazon provides hiker socks and yoga socks under its Amazon Essentials retail brand. Thus, rapid emergence of such brands in the market is expected to impact the existing competition level.

From a consumption perspective, consumers perceive such offerings as cheaper versions of the original product. Few consumers also perceive these products as best alternatives to well-established brands. Prevalence of such consumer perceptions are further expected to positively impact the growth of private labels in this space.

The report underlines groundbreaking insights into the competitive scenario of the hiker socks and yoga socks market, along with the highlights of differential strategies used by manufacturers. Few of the prominent manufacturers operating in the market include ADIDAS Group, Nike, Inc., Puma SE, VF Corporation, Darn Tough, Farm to Feet, Patagonia, Inc., Iceabreaker, Wrightsock, Elicit Brands, LLC., Implus, LLC., Injinji, Inc.,ToeSox, Inc., Feetures, etc.

More Valuable Insights

Persistence Market Research released a new market research on the hiker socks and yoga socks market, covering global industry analysis of 2015-2019 and forecasts for 2020–2030. The market study reveals compelling insights on the basis of product (no-show socks, ankle socks, crew socks, and knee-high socks), material (cotton, polyester, wool, nylon, spandex, and others), size (small, medium, and large), consumer orientation (men, women, kids, and unisex), cushion level (ultralight, light/medium, and heavy), and sales channel (supermarket/hypermarkets, convenience stores, specialty stores, online retailers, wholesalers/distributors, and other sales channels), across seven major regions of the world.

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