USA Consumer Goods Industry Updates

The global meal vouchers & employee benefits solutions market size was valued at  USD 208.34 billion  in 2021. The market is projected to grow from  USD 214.36 billion  in 2022 to  USD 320.68 billion  by 2029, exhibiting a CAGR of  5.9%  during the forecast period. This information is published by  Fortune Business Insights , in its report titled, “ Meal Vouchers & Employee Benefits Solutions Market, 2022-2029.” COVID-19 Impacts: Conclusion of Restaurants during COVID-19 Pandemic to Hinder Market  The COVID-19 bestowed lockdown limitations have compelled restaurants, food courts, and hotels to shut down their business. As a consequence, working experts have found it difficult to find meals in restaurants and cafeterias. This reason has notably influenced the companies’ revenues from such services and the market of meal vouchers & employee benefits solutions observed a slowdown in revenue generation. Get a Sample...

The global office supplies market size was  USD 127.3 billion  in 2020. The market is projected to rise from  USD 130.5 billion  in 2021 to  USD 149.4 billion  in 2028 at a CAGR rate of  1.9%  in the 2021-2028 period. This information is provided by  Fortune Business Insights™ , in its report, titled, “ Office Supplies Market, 2021-2028. ” According to our analysts, businesses majorly utilize computers, printers, and other office stationery to conduct written communication, data storage activities, and bookkeeping. Moreover, growing global corporate sector is fundamentally fostering the demand for such products. COVID-19 Impact Scarcity of In-Office Working amid COVID-19 Pandemic to Obstruct Market These days, owing to the novel coronavirus spread, employees are reluctant to visit corporate workspaces. This has substantially hindered the corporate office’s requirement for equipment and supplies, thereby obstructing the office su...

The global halal cosmetics market size was  USD 21.20 billion  in 2020. The market is anticipated to grow from  USD 33.3 billion  in 2021 to  USD 77.34 billion  by 2028 at a CAGR of  12.7%  in the 2021-2028 period. This information is provided by  Fortune Business Insights™ , in its report titled, “ Halal Cosmetics Market, 2021-2028 .” According to our researchers, the surging consumer inclination for chemical-free, organic ingredient-grounded cosmetics, and personal care products is fueling the market growth. Moreover, important players remain to focus on R&D and innovation activities, which greatly enhance sales. COVID-19 Impact Interruptions in Supply Chain amid Pandemic to Hinder Growth COVID-19 has caused significant supply chain disruptions worldwide, most notably throughout 2020. Small-scale manufacturers in emerging countries, such as India, Malaysia, and others, are being challenged by price fluctuations and economi...

The vegan cosmetics market size was  USD 12.72 billion  in 2020. The market is projected to grow from  USD 15.87 billion  in 2021 to  USD 24.79 billion  in 2028 at a CAGR of  6.57%  during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Vegan Cosmetics Market, 2021-2028.” Factors such as veganism turning into a mainstream trend and increasing consumer base focusing on sustainability activities will increase the footprint of the market during the forecast period. Additionally, the rising rate of product renovation will boost the market growth. COVID-19 Impact- Supply Chain Disruptions to Hamper Market Growth During Pandemic Era The COVID-19 pandemic caused severe economic backlash to various sectors. Production delays and disruptions in supply chains affect the market in a negative manner. Vegan cosmetics were deemed as non-essentials at the beginning of the pandemic, whi...

According to Fortune Business Insights™ report, The United States hair extension market size was valued at USD 1.72 billionin 2020 and is anticipated to grow from USD 1.92 billion in 2021 to USD 3.44 billion by 2028, at a CAGR of 8.71% during the 2021-2028 period., in the report  “ U.S. Hair Extension Market, 2021-2028 .” According to our expert analysts, the surging occurrence of hair problem spooled with a promptly aging population is estimated to increase the product demand. Moreover, the rising demand for Vietnamese hair in this region is another factor responsible for the market growth, owing to the fact that the quality of the hair imported from Vietnam is superior. COVID-19 Impacts: U.S. Hair Extension Market Demand Hindered Amid COVID-19 Pandemic The coronavirus pandemic has impacted businesses with fluctuating grades of intensity across commodities as well as diverse stages of the value chain. The industry is currently changing its present replicas to di...

The global perfume market size is projected to reach  USD 43.2 billion  by 2028, exhibiting a CAGR of  5.0%  during the forecast period. Robust demand for beauty products and accessories among consumers is expected to boost the market growth.  Fortune Business Insights™  provides this information in its report titled " Perfume Market, 2021-2028. " Perfumes are pleasant smelling solutions made by using oils, fragrances, and other ingredients to create a pleasing aroma. Increasing demand for high-quality beauty and grooming products globally is expected to boost the market growth. Several manufacturers globally aim to provide innovative products to consumers to satisfy their demand. For example, Givaudan introduced a creative scent technology named ‘VivaScentz’ in June 2020 to satisfy consumer demand for different scent categories. The demand for long-lasting scents is expected to boost its sales drastically. Further, the incorporation of strong fr...

 The global makeup market size was USD 34.38 billion in 2020. The market is projected to grow from USD 35.22 billion in 2021 to USD 50.28 billion in 2028 at a CAGR of 5.2 % in the 2021-2028 period. This information is published by  Fortune Business Insights™ ,  in its report, titled,  “ Makeup Market Size, Share & COVID-19 Impact Analysis, By Product (Powder, Gels, Lotions, and Others), Application Area (Lips, Eyes, Face, and Others), Distribution Channel (Supermarkets/Hypermarkets, Exclusive Brand Stores, Online/e-commerce Channels, and Others), and Regional Forecast, 2021-2028.” According to our researchers, the fact that needless face inadequacies can be made unseen or camouflaged by applying certain makeup products, whereas on the contrary, color cosmetics can also improve or accentuate the beautiful features, which augments the complete presence and persona of the individual. This, in turn, has amplified th...