Belgium’s hot tools market grew by almost 8% in 2020, driven by the exceptional e-commerce sales of L’Oréal and Dyson in the last quarter, according to Kline’s just-published Hot Tools: Market Analysis and Opportunities report. In contrast, the other two markets covered in our study – the United Kingdom and France – declined by 2% and 5%, respectively.Continue reading
Dyson, a premium U.K.-based technology company that designs and manufactures household items, continues to elevate its position in the hot tools and beauty appliances market. After launching its Supersonic hair dryer in 2016, the company continued to innovate, bringing to life the Airwrap multi-styler in 2019 and the Corrale straightener in 2020. While the last of Dyson’s launches in the first half of 2020 was derailed by the COVID-19 pandemic, the company started to gain steam in the last quarter of the year. For additional brand insights, follow our Hot Tools: Market Analysis and Opportunities report.
The medical care providers channel in the Chinese professional skin care market grew by nearly 12% in 2020, according to Kline’s recently published Professional Skin Care Global Series report. This figure is higher than the growth observed in other key markets such as the U.S. and Europe, which grew by almost 2% and slightly over 7%, respectively. China continues to be the second-largest market for professional skin care products in the medical care providers channel, accounting for more than 30% of global channel sales in 2020. Continue reading
Lubricant demand in Argentina was negatively affected by the recession continuing into its third year, as well as the pandemic. In addition, the decline in automotive sales and oil and gas production have offset growth that was being driven by other factors. However, the finished lubricants market in Argentina is estimated to increase at a compound annual growth rate (CAGR) of 2.9% between 2020 and 2025 to reach 209.4 kilotonnes, according to Kline’s just-published analysis. What are the five key drivers of this impressive outlook?Continue reading
China’s lubricants market is projected to increase at more than 1% CAGR until 2025, with gains caused by growth in premium lubricants as the country modernizes at a breakneck pace. The finished lubricants demand growth in the country has traditionally followed GDP growth. Thus, the current positive projections should drive a healthy rebound in China’s overall lubricants market. China’s GDP growth had slowed before the onset of COVID-19, although it was still a healthy +6.1% in 2019. Economic growth declined due to the pandemic, but the country’s economy was still the only major economy to achieve positive growth in 2020, increasing by 2.3%. Growth is estimated to be 8.4% in 2021 as the economy rebounds, and more normal rates should be achieved thereafter.
Innovation and expansion are the two key strategies adopted by leading players to grow and sustain in the plant-based meat market. Furthermore, plant-based meat analog producers are strengthening their sustainability goals by making stronger commitments to reduce their carbon footprints and promote more sustainable food alternatives. Here are some of the most dominant plant-based meat analog producers: Continue reading
Strong GDP and Population Growth
The market for personal care products in Africa is set to grow at a massive pace due to population increases. Already, the continent has the highest population growth in the world at a staggering 2.7% annually; if the trend persists, population is set to double by 2050, and Africa will be home to a quarter of the world’s population.
In addition, Africa’s overall GDP increase is broadening the market for personal care products as the African middle class grows.
Passenger vehicle OEMs were among the first to be affected by chip shortages at the end of last year. Continuous shortages have various impacts on the auto industry as well as the PCMO market. To learn about Kline’s point of view on the extent of the impact on the lubricants market, download the file by clicking the image below.Continue reading
As the pandemic continues to linger, the salon hair care industry in the Asia-Pacific region is rising to the challenge ― from expansion of e-commerce in China to fostering local salon brands in Australia. Here are some key developments that have taken place: Continue reading