SAN FRANCISCO, July 3, 2024 /PRNewswire/ -- The consumer goods industry was over US$ 2 trillion in 2023, as analyzed and reported in Horizon Databook by Grand View Research. Horizon explores the industry in detail by exploring over 1500 markets at regional and global levels. Following are the top 10 consumer goods industry trends spanned across broad markets, such as homecare & décor and household goods (including electronics & appliances), beauty & personal care, and fashion products (including apparel, footwear, and accessories):
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-- In FY2023, the global beauty and personal care products market
[https://www.grandviewresearch.com/horizon/outlook/beauty-and-personal-c
are-products-market-size/global] was valued at USD 520.3 billion in
2022, and it is expected to grow at a CAGR of 7.6% from 2023 to 2030.
The skincare segment constituted a revenue share of 33.7% within this
industry in 2023.
-- The furniture market
[https://www.grandviewresearch.com/horizon/outlook/furniture-market-size
/global] was valued at USD 677.09 billion in 2022 and is expected to
grow at a 5.9% CAGR from 2023 to 2030. The bedroom furniture category
accounted for 25% of the global revenue within this market during 2022.
-- In 2023, the global cookware market
[https://www.grandviewresearch.com/horizon/outlook/cookware-market-size/
global] was valued at USD 30.59 billion in 2023, and it is anticipated
to grow at 7.2% CAGR from 2024 to 2030. Non-stick cookware held a 61.80%
market share in 2023, offering advantages such as ease of maintenance,
minimal need for cooking fats, and excellent food release capabilities.
-- The leather goods market in Europe was estimated at USD 81.12 billion in
2023 and is expected to grow at a 7.3% CAGR from 2024 to 2030. The
polyurethane leather goods segment accounted for 62.34% of the European
market revenue in 2023. Rising demand from developing and developed
regional economies is expected to drive the growth of this segment. The
European synthetic leather footwear market constituted a revenue share
of over 38.22% in 2023, primarily driven by men's inclination toward
outdoor activities.
-- The global apparel market was estimated at USD 1,709.76 billion in 2023,
and it is projected to grow at a 4.1% CAGR from 2024 to 2030. The Asia
Pacific region accounted for 40.11% of the global apparel market revenue
2023. Consumer spending on clothing is witnessing significant growth in
Asia, and digital solutions are rapidly gaining traction in this market.
-- In 2023, the global luxury goods market was estimated at USD 366.23
billion, and it is expected to grow at a 6.8% CAGR from 2024 to 2030.
Increasing disposable incomes and in developing region is driving the
product demand. The rising demand from younger consumers such as
millennials and Generation Zs, is fuelling the market growth.
-- The global jewelry market
[https://www.grandviewresearch.com/horizon/outlook/jewelry-market-size/g
lobal] was valued at USD 353.26 billion in 2023, and it is forecasted to
grow at a 4.5% CAGR from 2024 to 2030. The gold jewelry segment held the
largest share of 54.8% in 2023, as gold is the most popular metal used
in the production of all types of jewelry worldwide.
-- In 2023, the global dietary supplements market
[https://www.grandviewresearch.com/horizon/outlook/dietary-supplements-m
arket-size/global] was valued at USD 177 billion, and it is projected to
reach USD 327.42 billion by the year 2030. Increasing consumer awareness
about the benefits of nutraceutical products is expected to drive demand
during the forecast period.
-- The global fruits and vegetables market was valued at USD 733.87 billion
in 2023, and it is projected to expand at a 5.0% CAGR from 2024 to 2030.
The fruits and vegetables market in the U.S. is projected to grow at a
CAGR of 5.2% from 2024 to 2030. This growth is fueled by the growing
consumer demand for fresh, healthy food choices and the growing
awareness of the benefits of nutritious diets.
-- In 2022, the global non-alcoholic beverages market
[https://www.grandviewresearch.com/horizon/outlook/non-alcoholic-beverag
es-market-size/global] size was estimated at USD 1,152 million, and it
is forecasted to grow at a CAGR of 7.1% from 2023 to 2030. The consumers
are accepting no-alcohol and low-alcohol categories. In response to this
the key players are creating innovative products, which is likely to
bode well for future growth.
-- The global tobacco market size was valued at USD 886.09 billion in 2023,
and it is expected to grow at a 2.5% CAGR from 2024 to 2030 due to
rising tobacco consumption in the developing regions of Asia and Africa.
About Horizon Databook - The most extensive market research database
Horizon Databook [https://www.grandviewresearch.com/horizon/] is the largest market research database with over 1 million data points across 20,000+ markets. The platform is first-in-class and is designed to service a full suite of market research clients. It is a one, five solution platform and includes the following:
-- Over 1 million market statistics: Global, regional and country (25+)
statistics focusing on revenue, volume and growth spanning across a
timeline of 10 years form the core of this platform.
-- The platform hosts over 25,000 market reports ready to be downloaded or
viewed online in an HTML format. These reports are a comprehensive
analysis of a market and cover everything from market statistics,
drivers and restraints to detailed company analyses.
-- 5 million+ companies: Detailed financial performance, deals and latest
news are all an integral part of Horizon. We have partnered with
industry pioneers to provide accurate and latest competitive data.
Sign up now for a free trial [https://www.grandviewresearch.com/horizon/signup]
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