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The global sportswear market is projected to grow during the projected period due to the increasing awareness about healthy lifestyles and regular workout activities.  Fortune Business Insights™  publishes this information in a report titled,  " Sportswear Market, 2021-2028 " . As per the report, the sportswear market size was  USD 160.61 billion  in 2020. The market is projected to grow from  USD 170.94 billion  in 2021 to  USD 267.61 billion  by 2028 at a  CAGR of 6.6%  during the 2021-2028 period. COVID-19 Impact: Restrictions On Non-Essential Goods Hampered The Market Growth The outbreak of COVID-19 pandemic harshly affected the apparel industry due to disrupted supply chains and restricted manufacturing and production operations. The government imposed strict restrictions on travel activities which hampered the product shipments. The halt on manufacturing and production units affected the productivity and profitability of leading companies in the market. The clothing

 The global sports footwear market size is set to gain momentum from the increasing usage of environment-friendly materials for manufacturing. The demand for sustainable sports shoes is surging rapidly because of pollution concerns. In May 2021, for instance, Allbirds joined hands with Adidas to launch a new sneaker for the latter’s Futurecraft range. It is made out of eco-friendly materials and would generate very less carbon emissions. This information is given by Fortune Business Insights™ in a report titled, “ Sports Footwear Market, 2021 – 2028 .” As per the report, the market stood at USD 93.57 billion in 2020. It is projected to grow from USD 97.42 billion in 2021 to USD 134.99 billion in 2028 at a CAGR of 4.8% during the forecast period. COVID-19 Pandemic: Closure of Educational Institutes and Social Distancing to Affect Growth The COVID-19 pandemic has affected the sports footwear industry negatively because of the closure of educational institutions. Also, the cancellation

The global sports footwear market size is set to gain momentum from the increasing usage of environment-friendly materials for manufacturing. The demand for sustainable sports shoes is surging rapidly because of pollution concerns. In May 2021, for instance, Allbirds joined hands with Adidas to launch a new sneaker for the latter’s Futurecraft range. It is made out of eco-friendly materials and would generate very less carbon emissions. This information is given by Fortune Business Insights™ in a report titled, “ Sports Footwear Market, 2021 – 2028 .” As per the report, the market stood at USD 93.57 billion in 2020. It is projected to grow from USD 97.42 billion in 2021 to USD 134.99 billion in 2028 at a CAGR of 4.8% during the forecast period. COVID-19 Pandemic: Closure of Educational Institutes and Social Distancing to Affect Growth The COVID-19 pandemic has affected the sports footwear industry negatively because of the closure of educational institutions. Also, the cancellation o

The global washing machine market size is set to hit USD 80.24 billion by 2028, exhibiting a CAGR of 5.5% during the forecast period. The growing pace of globalization will play a crucial role in driving this market in the foreseeable future, finds Fortune Business Insights™ in its new report, titled “ Washing Machine Market, 2021-2028 ”. Globalization is a process wherein countries are getting interconnected economically, politically, and culturally. Most importantly, this process has facilitated accessibility and affordability to a host of technologically advanced products, from supersonic airplanes to simple home appliances such as washing machines. According to the World Bank, globalization has accelerated the pace of technological diffusion. Furthermore, cross-border exchange of technology has made life simpler and more comfortable and many beneficiary countries are emerging as promising markets for modern technologies. Thus, the rising tide of globalization is likely to lead the

 The global home fitness equipment market size stood at USD 10.18 billion in 2020. The market could surge from USD 10.73 billion in 2021 to USD 14.74 billion by 2028 at a 4.6% CAGR during the forecast period.  Fortune Business Insights™  has deep-dived these inputs in its latest research report, titled, “ Home Fitness Equipment Market ,  2021-2028 .” According to the analysis, heightened awareness about the health upsides of fitness equipment, including boosting stamina and energy, will augur well for the business outlook. Moreover, increased traction for jogging, biking, and swimming will encourage industry players to bolster their portfolios. For instance, the trend for smart treadmills to keep a check on run speed, jog, and heart rate will expedite investments globally. COVID-19 Impact Exponential Demand for Home Fitness Equipment to Drive Innovation The COVID-19 pandemic has had a favorable influence on the industry outlook with increased traction for working out at home. In Ma

The worldwide luxury goods market is projected to grow from USD 257.26 billion in 2020 to USD 352.84 billion in 2027 at a CAGR of 4.6% in the forecast period. Luxury goods are mainly purchased by the high-income group across the globe. Oxfam International’s data, for instance, declared in January 2020 that approximately 2,153 billionaires residing worldwide possess more wealth than around 4.6 billion people who make up 60% of the global population. Hence, the increasing wealthy population would bolster the luxury goods market growth in the near future. However, the trends of selling and buying counterfeit products at cheaper rates that resemble original ones may hamper growth. The list of companies covered in the luxury goods market are: LVMH Moët Hennessy-Louis Vuitton SA (Paris, France) Compagnie Financière Richemont SA (Geneva, Switzerland) Kering SA (Paris, France) Chow Tai Fook Jewellery Group Limited (Central, Hong Kong) The Estée Lauder Companies Inc. (New York, U.S.) Lu

 The global toothpaste market size is projected to reach  USD 21.99 billion  by 2027, exhibiting a CAGR of 3.4% during the forecast period. The growing availability of vegan toothpaste will play an instrumental role in augmenting the potential of this market, observes Fortune Business Insights™ in its report, titled  “ Toothpaste Market Size, Share & COVID-19 Impact Analysis, By Type (Teeth Whitening, Herbal, Sensitive Teeth, and Others), End-User (Adults and Children), and Distribution Channel (Supermarket/Hypermarket, Convenient Stores, Pharmaceutical & Drug Stores, and Online), and Regional Forecast, 2020-2027 ”.  The number of vegans is steadily expanding as awareness about animal cruelty in the consumer goods industry is spreading rapidly. To capitalize on these new dynamics, several paste makers are developing and launching products specifically targeted towards vegans. For example, Australia-based Desert Essence developed the Tea Tree Oil & Neem Wintergreen toothpast

The global toothbrush market size was  USD 6.78 billion  in  2021 . The market is expected to grow from  USD 6.90 billion  in  2022  to  USD 9.14 billion  in  2029 , exhibiting a  CAGR  of  4.1%  during the forecast period. The rising awareness regarding oral hygiene and the emergence of disposable toothbrushes is expected to bolster industry growth.  Fortune Business Insights™  provides this information in its report titled “ Toothbrush Market, 2022-2029 ”. A toothbrush is an extensively used oral hygiene product that helps maintain a clean mouth and provides users with a clean mouth. The rising awareness regarding oral hygiene is expected to boost the product’s adoption. Further, the availability of several brands, shapes, sizes, and bristle types is expected to rapidly increase the demand for brushes. Moreover, the emergence of several disposable brushes for travel purposes is expected to boost the toothbrush industry’s development during the upcoming years. COVID-19 Impact: Adop

 The global sun care products market is set to gain traction from the increasing development of innovative devices for measuring sunlight intensity. Manufacturers are doing so to enhance sun-safety habits among people worldwide. This information is given by Fortune Business Insights™ in a new report, titled,  “Sun Care Products Market Size, Share & COVID-19 Impact Analysis, By Product Type (Sun-protection, After-sun, and Tanning), Form (Lotion, Spray, Stick, and Others), SPF (0-29, 30-50, and >50), Distribution Channel, and Regional Forecast, 2020-2027.”  The report further states that the sun care products market size was USD 13.03 Billion in 2019 and is projected to reach USD 16.84 Billion by 2027, exhibiting a CAGR of 3.5% during the forecast period. COVID-19: Focus of Consumers towards Essential Goods to Decline Demand for Products Owing to the emergence of the COVID-19 pandemic, international and domestic travels are banned across the globe. Ruling bodies have implemented

 The global spa services market size is expected to reach USD 133.28 billion by 2027, exhibiting a CAGR of 4.1% during the forecast period. The emphasis on enhanced customer experience and relationships in spa services can be an essential factor augmenting the growth of the market, states Fortune Business Insights, in a report, titled “ Spa Services Market Size, Share & COVID-19 Impact Analysis, Facility Type (Day, Hotel/Resort, Medical, and Others), Service (Massage, Beauty/Grooming, Physical Fitness, and Others), End-user (Women and Men), and Regional Forecast, 2020-2027.”  The market size stood at USD 105.18 billion in 2019. The coronavirus incident has led the world to a complete halt. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less,

 The global COVID-19 impact on hand sanitizer market is likely to gain traction from the outbreak of the COVID-19 pandemic. It has resulted in the increasing demand for personal hygiene products, namely, hand wash, soaps, tissue papers, and sanitizers worldwide. This information is given by  Fortune Business Insights™  in a newly published report, titled,  “ Impact of COVID-19 on the Global Hand Sanitizer Market Size, Share, Industry Analysis and Regional Forecast 2019-2026. ”  The report further mentions that the hand sanitizer market size was anticipated to reach USD 1.35 billion in 2020 before the Covid-19 outbreak. However, on account of the present scenario, it is likely to generate USD 1.87 billion this year. In addition to this, it would rise tremendously from an annual growth rate of 5.06% to 45.71% in 2020. Some of the Most Vital Effects of Covid-19 Pandemic on the Market: Shortage of hand sanitizers owing to the panic-buying practices of the masses, especially in countries