Consumer Goods

Rapidly changing consumer behavior, tastes, preferences, and wants, especially after the COVID-19 pandemic, is overhauling the consumer goods industry. The companies are rapidly changing their product portfolios with innovative products to meet the consumer's wants and desires. Internet penetration and Artificial Intelligence (AI) are some of the reasons which are further helping the industry in expanding and making the supply chain more efficient. The sector ranges in food & beverages, appliances, personal accessories, hygiene, Apparel & Footwear, retail, food service, and many more. The companies invest heavily in research and development to establish an efficient value chain, sales and marketing, procurement, manufacturing, and distribution network. Digital purchasers who actively participate in purchases refer to multiple reviews before making any buying decision.
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Recent years have seen a surge in demand for shower glass doors due to the booming tourism industry, which has been a major factor in hotels and resorts expanding. Both local and international tourists enjoy a touch of luxury in their accommodation. As a result, hotels and resorts in Mexico are increasingly installing shower glass doors in washrooms, causing the market to grow.

The growth of the global USB devices market is attributed to the increasing volume of data and expanding need for faster data transfer devices that offer great speed and high compatibility.

Global work from home furniture market is anticipated to grow as companies increasingly adopt remote working practices and cloud-based solutions. Also driving the market growth is the growing trend of multi-functional furniture.

The growth of the United States lumber wood fencing market growth can be attributed to increased spending on the construction of buildings across the country. As the Construction Association points out, the industry contributes a great deal to the US economy.

The India smartphone market is garnering a high CAGR due to the launch of trendy and low-cost smartphones. With India's expanding 5G infrastructure, the demand for 5G-enabled smartphones is also on the rise, driving the India smartphone market.

An increase in fitness-conscious population and an increase in consumers' preference for stylish athleisure are contributing to the growth of the global tracksuit market. However, unstable raw material prices and counterfeit products are hampering market growth.

Among the leading factors contributing to the growth of the India interior design market are rising income levels and urbanization. Social media platforms displaying interior design trends, the growing popularity of smart homes, and changes in lifestyles and standards, other factors that contribute to India's interior design market.

Continuous changes in fashion trends and increased awareness of beauty contribute to the growth of the nail care market. With an increase in fashion trends and fashion grooming, consumers are increasingly buying nail care products to maintain healthy, beautiful nails.

Probiotics are microorganisms, such as bacteria and yeast that benefit humans and animals by preserving intestinal microbial balance. Probiotics are in high demand due to the growing consumer awareness concerning digestive health and the increasing demand for high-quality foods and quality animal-based products.

As the number of international travelers continues to grow, they will be one of the key factors driving global travel retail market. Moreover, the rising middle-class population and affordable travel choices in developing countries are anticipated to boost market growth. Advances in technology, economic conditions, and the burgeoning retail chains that offer elegant and high-end brands are among the other factors expected to spur growth in the retail travel market over the coming years