The Specialty Consumer Products Global Market Report 2023, provides comprehensive information on the specialty consumer products market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global specialty consumer products market size is expected to grow from $298.97 billion in 2022 to $315.90 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global specialty consumer products market size is expected to grow to $386.73 billion in 2027 at a CAGR of 5.2%.
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Product innovations are a key trend gaining popularity in the specialty consumer products market. Major companies operating in the specialty consumer products market are focused on developing innovative products to strengthen their position in the market. For instance, in August 2022, Aeir, a US-based company operating in luxury consumer goods such as perfumes, launched Extrait Molecular de Parfum, a next-generation clean perfume. Extrait molecular de parfum is prepared using bio-engineered formulas to replicate natural fragrances, which minimize the use and extraction of botanicals to provide an affordable luxury product. Additionally, it comes with a refillable aluminum fragrance case that combines the areas of biotechnology and high-end craftsmanship through the use of modern coating technologies, such as NFC technology, to achieve zero-waste production processes that significantly cut carbon emissions while maintaining full recyclability.
The specialty consumer products market is segmented:
1) By Price: $50 – $100, $100 – $200, Above $200
2) By Distribution Channel: Specialty Stores, Online Stores
3) By End-User: Male, Female, Unisex
North America was the largest region in the specialty consumer products market in 2022.
The table of contents in TBRC’s specialty consumer products market report includes:
- Executive Summary
- Specialty Consumer Products Market Characteristics
- Specialty Consumer Products Market Trends And Strategies
- Specialty Consumer Products Market – Macro Economic Scenario
- Specialty Consumer Products Market Size And Growth
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- Africa Specialty Consumer Products Market
- Specialty Consumer Products Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Specialty Consumer Products Market
- Specialty Consumer Products Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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