From an economic perspective, the industry encompassing both leather production and footwear manufacture has been witnessing gradual volatility. The dynamic nature of this sector is largely fueled by changes in consumer purchasing behavior, raw material availability, technology advancements, and trade regulations. Shifts towards sustainability and alternative materials are further transforming...
Discover more insightsAn evolutionary momentum has been observed in the high-end market, moving away from tangible possessions towards intangible, memory-making experiences. This trend is predominantly driven by demand from affluent consumers, especially the younger generation who prioritize distinctive experiences over material goods. These individuals consider dining at gourmet restaurants, availing private travel...
Discover more insightsWithin the bio-based industry, furfural commands significant attention. Derived from renewable feedstock, it is a key component in the production of polymers, resins and biofuels. Its usage has the potential to dramatically decrease environmental footprint and boost sustainability in these sectors. However, fluctuating supply and demand dynamics often hinder the...
Discover more insightsThe international fur goods market keeps evolving, fueled by changing consumer preferences, regulatory movements, and technological advancements. An increasing number of consumers worldwide are demanding fur products due to the perceived prestige associated with them, contributing to market expansion. The rise in disposable income, particularly within emerging economies, has also...
Discover more insightsThe global cosmetics industry, incorporating a diverse range of products from skincare and haircare to make-up and fragrances, has registered robust growth over the past decade. The industry has consistently accounted for a significant share of consumer discretionary spending, driven by changing lifestyles, varying consumption patterns, and innovative product offerings....
Discover more insightsThe high-end bath and body products sector has been witnessing a definitive trajectory focused on personalization, organic ingredients and sustainable packaging. This shift is largely driven by informed consumers, increasingly aware and conscious of their product choices. A substantial surge in the demand for natural and vegan skincare products speaks...
Discover more insightsHigh-end cosmetics have suffered from revised consumer behaviour and new market penetrative dynamics due to the pandemic. In particular, the Estée Lauder Companies, a pivotal entity in the beauty industry, experienced a tectonic shift in its operational and financial milieu. Traditionally reliant on the bricks-and-mortar model and high-touch services, Estée...
Discover more insightsThe furfural market demonstrates a significant growth trajectory, stimulated by diverse applications and industries. As a derivative of agricultural byproducts like corn cobs and sugarcane bagasse, furfural caters to resins, solvents and fungicides markets amongst others. Asia Pacific, with China as the largest furfural producer, dominates the global landscape. Economic...
Discover more insightsThe unprecedented COVID-19 pandemic brought about significant disruptions to the formal wear and costume rental sector. With the advent of social distancing norms, the decrease in personal and corporate events has led to a substantial contraction in demand. This downward trend challenged the industry, pressuring businesses to rapidly refine their...
Discover more insightsThe global economic landscape exhibits a variety of challenges that directly impacts the shoe and leather repair industry. Processes entailing repair, restoration, and upcycling of shoes and leather goods, demand delicate balance of raw material costs, skilled labor availability, and competitive pricing. Potentially influenced by economic events like trade wars...
Discover more insightsThe hide tanning and finishing sector is currently witnessing significant changes, induced by environmental and technological factors. Stricter environmental regulations are prompting the industry to shift toward more sustainable practices, exploring alternative tanning methods that use less water, produce fewer emissions, and generate minimal waste. Furthermore, increasing demand for superior,...
Discover more insightsA look into the Halal cosmetics sector reveals a rapidly expanding market. Propelled by an increasing Muslim population, consumer awareness and purchasing power, this sector is experiencing significant growth worldwide. Additionally, growing consumer preference sparked by an increasing interest in cruelty-free and vegan products underpin the surge in this market....
Discover more insights