In 2023, the leading market research company in terms of global research revenue was Gartner, generating approximately 5.9 billion U.S. dollars. In the same year, American company IQVIA accrued roughly 5.6 billion U.S. dollars. Market research companies - global players Market research is an important business strategy involving the gathering of information about an organization’s target market. In terms of global research revenue, American company Gartner was the leading market research company worldwide. Headquartered in the United States, the number of employees working for the company totaled 20,237 people in 2023. The sixth largest market research company in terms of global research revenue was Kantar. Kantar Group is a UK-based international network of 12 companies, including Millward Brown and IMRB International. In 2022, the research revenue of Kantar amounted to approximately three billion U.S. dollars. Another European leader, and ranked seventh in the global ranking, was Ipsos. The company had a research revenue of over 2.5 billion U.S. dollars. The largest share of market research revenue made by Ipsos was generated in Europe, the Middle East and Africa in 2023. United States dominant in a global market The global revenue of the market research industry reached over 75 billion U.S. dollars in 2023, over half of which came from the United States. The number of full-time employees working for the top ten market research companies in the United States totaled almost 40,000 in 2020.
The global market research industry reached a record high market size of approximately 54 billion U.S. dollars in 2023. Over the last decade, the global market research industry has performed contrary to broader economic trends as the industry has continued to grow. Figures for 2023 signaled an increase of about two billion U.S. dollars compared to the previous year. Market research industryMarket research is the activity of gathering information about markets in which an organization sells their produces and/or services. This often includes detailed qualitative understandings of consumer attitudes and preferences through tools such interviews, surveys, and increasingly, big-data analytics. The leading market research company worldwide was U.S.-based Gartner in 2022. Slow growth in EuropeWhile growth in the United States has been significant, the revenue of the market research industry in Europe grew just slightly since 2014. Some analysts expect this poor performance to continue into the near future for two reasons. First is the short- and mid-term uncertainty created by Brexit, impacting the reliability of any market research conducted prior to the issue being resolved. Second is the implementation of the EU General Data Protection Regulation (GDPR) laws in May 2018, which limit what companies are able to do with personal data. A majority of IT professionals in France, Germany and the UK agree the GDPR laws will prevent personal data being passed on to third parties, reducing the amount of data available to researchers in Europe compared to other regions.
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The United Kingdom Marketing Agencies Industry Report is Segmented by Service Type (Digital Marketing Services, Traditional Marketing Services, and Full-Service Agencies), Mode (Online and Offline), Application (Large Enterprises and Small and Mid-Sized Enterprises [SMEs]), and End-User (BFSI, IT & Telecom, Retail & Consumer Goods, Public Services, and Manufacturing & Logistics). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
Success.ai’s Company Data Solutions provide businesses with powerful, enterprise-ready B2B company datasets, enabling you to unlock insights on over 28 million verified company profiles. Our solution is ideal for organizations seeking accurate and detailed B2B contact data, whether you’re targeting large enterprises, mid-sized businesses, or small business contact data.
Success.ai offers B2B marketing data across industries and geographies, tailored to fit your specific business needs. With our white-glove service, you’ll receive curated, ready-to-use company datasets without the hassle of managing data platforms yourself. Whether you’re looking for UK B2B data or global datasets, Success.ai ensures a seamless experience with the most accurate and up-to-date information in the market.
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Our database spans 195 countries and covers 28 million public and private company profiles, with detailed insights into each company’s structure, size, funding history, and key technologies. We provide B2B company data for businesses of all sizes, from small business contact data to large corporations, with extensive coverage in regions such as North America, Europe, Asia-Pacific, and Latin America.
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Company Name: Get the full legal name of the company. LinkedIn URL: Direct link to the company's LinkedIn profile. Company Domain: Website URL for more detailed research. Company Description: Overview of the company’s services and products. Company Location: Geographic location down to the city, state, and country. Company Industry: The sector or industry the company operates in. Employee Count: Number of employees to help identify company size. Technologies Used: Insights into key technologies employed by the company, valuable for tech-based outreach. Funding Information: Track total funding and the most recent funding dates for investment opportunities. Maximize Your Sales Potential: With Success.ai’s B2B contact data and company datasets, sales teams can build tailored lists of target accounts, identify decision-makers, and access real-time company intelligence. Our curated datasets ensure you’re always focused on high-value leads—those who are most likely to convert into clients. Whether you’re conducting account-based marketing (ABM), expanding your sales pipeline, or looking to improve your lead generation strategies, Success.ai offers the resources you need to scale your business efficiently.
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The UK Chocolate Market is segmented by Confectionery Variant (Dark Chocolate, Milk and White Chocolate) and by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.
Success.ai’s Company Data Solutions provide businesses with powerful, enterprise-ready B2B company datasets, enabling you to unlock insights on over 28 million verified company profiles. Our solution is ideal for organizations seeking accurate and detailed B2B contact data, whether you’re targeting large enterprises, mid-sized businesses, or small business contact data.
Success.ai offers B2B marketing data across industries and geographies, tailored to fit your specific business needs. With our white-glove service, you’ll receive curated, ready-to-use company datasets without the hassle of managing data platforms yourself. Whether you’re looking for UK B2B data or global datasets, Success.ai ensures a seamless experience with the most accurate and up-to-date information in the market.
Why Choose Success.ai’s Company Data Solution? At Success.ai, we prioritize quality and relevancy. Every company profile is AI-validated for a 99% accuracy rate and manually reviewed to ensure you're accessing actionable and GDPR-compliant data. Our price match guarantee ensures you receive the best deal on the market, while our white-glove service provides personalized assistance in sourcing and delivering the data you need.
Why Choose Success.ai?
Our database spans 195 countries and covers 28 million public and private company profiles, with detailed insights into each company’s structure, size, funding history, and key technologies. We provide B2B company data for businesses of all sizes, from small business contact data to large corporations, with extensive coverage in regions such as North America, Europe, Asia-Pacific, and Latin America.
Comprehensive Data Points: Success.ai delivers in-depth information on each company, with over 15 data points, including:
Company Name: Get the full legal name of the company. LinkedIn URL: Direct link to the company's LinkedIn profile. Company Domain: Website URL for more detailed research. Company Description: Overview of the company’s services and products. Company Location: Geographic location down to the city, state, and country. Company Industry: The sector or industry the company operates in. Employee Count: Number of employees to help identify company size. Technologies Used: Insights into key technologies employed by the company, valuable for tech-based outreach. Funding Information: Track total funding and the most recent funding dates for investment opportunities. Maximize Your Sales Potential: With Success.ai’s B2B contact data and company datasets, sales teams can build tailored lists of target accounts, identify decision-makers, and access real-time company intelligence. Our curated datasets ensure you’re always focused on high-value leads—those who are most likely to convert into clients. Whether you’re conducting account-based marketing (ABM), expanding your sales pipeline, or looking to improve your lead generation strategies, Success.ai offers the resources you need to scale your business efficiently.
Tailored for Your Industry: Success.ai serves multiple industries, including technology, healthcare, finance, manufacturing, and more. Our B2B marketing data solutions are particularly valuable for businesses looking to reach professionals in key sectors. You’ll also have access to small business contact data, perfect for reaching new markets or uncovering high-growth startups.
From UK B2B data to contacts across Europe and Asia, our datasets provide global coverage to expand your business reach and identify new markets. With continuous data updates, Success.ai ensures you’re always working with the freshest information.
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Over the five years through 2024-25, clothing and footwear wholesalers’ revenue is expected to decline at a compound annual rate of 2%. They’ve come up against enormous challenges recently, with the cost-of-living crisis leading consumers to cut their spending on clothes and footwear, pushing down revenue. Wholesalers have historically been the middlemen of fashion, forming an essential link between retailers and the companies that make clothes. However, retailers are increasingly building relationships with manufacturers to avoid paying commissions to wholesalers and to have more influence in the design and production process. That being said, shifts in consumer behaviour, like women no longer opting to buy footwear from specialist retailers, have opened up the market, allowing wholesalers to establish a foothold in specific product and market segments. The emergence of the fashion-conscious male market has also supported revenue. Revenue is slated to inch upwards by 0.9% in 2024-25 to £14.9 billion. The high street has seen a sustained decline in footfall over the past decade, which played a big part in the collapse of prominent retailers like Topshop and Debenhams, cutting demand for wholesalers. Weak disposable incomes and subdued confidence have also limited retail sales. Wholesalers have sought other ways to bolster their finances in the face of weakening demand. For example, the growing success of the direct-to-consumer model enables wholesalers to take their products directly to consumers and make a higher profit, though this does come with higher marketing and technology spending. Revenue is forecast to grow at a compound annual rate of 3.3% over the five years through 2029-30 to £17.5 billion, propped up by improving economic conditions – specifically, inflation is set to subside, boosting consumer spending power. Ethical consumerism is pushing clothing wholesalers towards sustainable practices, with many UK consumers ready to change their buying habits based on brands' environmental impact. This shift could increase costs, leading wholesalers to explore vertical integration with manufacturers and invest more in technology like automation to boost efficiency. Trends such as anticipatory shipping and automated systems are set to become more prominent, allowing wholesalers to better manage supply and demand while addressing rising wage concerns. Wholesalers will be pressured to make their operations more sustainable, creating opportunities for localised production.
UK Facility Management Market Size 2025-2029
The facility management market in UK size is forecast to increase by USD 21.5 billion at a CAGR of 4.8% between 2024 and 2029.
The facility management market is experiencing significant growth, driven by several key trends. One notable trend is the increasing adoption of cloud based solutions, which offer enhanced flexibility, scalability, and cost savings. Another trend is the growing preference for green cleaning products, as organizations prioritize sustainability and healthier work environments.
Additionally, budgetary constraints continue to influence the market, with many organizations seeking cost-effective solutions to manage their facilities efficiently. These trends are shaping the future of the facility management industry, offering opportunities for innovation and growth.
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The facility management market encompasses the services and technologies that enable organisations to effectively maintain and optimize their physical assets, including buildings and infrastructure. Key trends in this market include the increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technologies for energy efficiency, sustainability, and energy conservation. Building Information Modeling (BIM) and Data Analytics are also driving innovation, enabling better facility management through improved data visibility and analysis.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
Soft facility management
Hard facility management
End-user
Commercial
Government
Residential
Service Type
Outsourced
In-house
Geography
UK
By Type Insights
The soft facility management segment is estimated to witness significant growth during the forecast period. The soft services segment dominates the UK facility management market due to their cost-effectiveness compared to hard services. With minimal technical expertise needed, new companies can enter this sector and achieve economies of scale. Soft services encompass essential functions like cleaning, transportation, catering, and security. The expansion of this segment hinges on the increasing demand for services such as housekeeping, pest control, landscaping, and waste management. Soft services play a crucial role in maintaining the functionality and appearance of buildings, ensuring the comfort and safety of workers and visitors. Organizations across various sectors, including commercial properties, institutional and infrastructure, rely on these services to optimize their operations and enhance sustainability through energy efficiency and conservation.
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Market Dynamics
Our UK Facility Management Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Both in-house and outsourced facility management solutions are available, with Hard FM focusing on the maintenance of building systems and Soft FM encompassing services like cleaning, security, and catering.
Additionally, leading players In the market include Sodexo, APLEONA, JLL, and CBRE, among others. Gross Value Added (GVA) and BOMACON (Building Owners and Managers Association of Canada) are key industry associations. The market is expected to grow significantly due to the increasing importance of energy management and sustainability in facility operations. Construction firms and Real Estate Investment Trusts (REITs) are major consumers of facility management services. APogee Corporation, Infraspeak, and BEIS (Department for Business, Energy and Industrial Strategy) are also notable entities influencing the market dynamics.
What are the key market drivers leading to the rise in adoption of UK Facility Management Market?
The Facility Management market in the UK is undergoing substantial growth, driven primarily by the rising demand for technologically advanced, cloud-based solutions. Notable companies, including Sodexo and Apleona, are addressing this trend by introducing innovative cloud-platforms, such as Amey's new cloud platform launched in January 2024 and CBRE's upgraded AI-integrated software from December 2023. Infraspeak, a leading IoT-based facility management software provider, has experienced increased adoption due to its real-time asset monitoring capabilities.
Key players like JLL and Apogee Corporation offer customised services, including energy manage
There are strict targets for European countries to meet when it comes to collecting and treating wastewater and managing sewage plants. The EU Urban Wastewater Directive means the threat of court action or fines loom over the heads of governments that don’t have adequate sewage networks and infrastructure. This encourages demand for sewage companies and has supported a steady workflow in recent years. Revenue in the Sewage Operators industry in Europe is anticipated to tumble at a compound annual rate of 2.6% to €37.3 billion over the five years through 2024. Revenue in 2024 is expected to drop by 3.7%. Since the COVID-19 outbreak, people have spent more time at home thanks to the adoption of remote working, which has boosted household wastewater production and increased demand for sewage companies. However, challenging operating conditions have hindered growth prospects, typified by soaring inflation and government budget cuts, with inflation outpacing industry revenue since 2021. Revenue in the Sewage Operators industry is expected to expand by a compound annual rate of 2.5% to reach €42.1 billion over the five years through 2029. Populations across European countries continue to multiply, which is increasing demand for housebuilding. As the number of households increases across Europe, the number linked to sewage networks will grow, raising demand for sewerage services. Assistance from funds like the EU’s Cohesion Fund will continue supporting the expansion of sewage networks in European countries that lack infrastructure and network lines. Romania will be one of the biggest winners as funding will support the building of treatment plants, water pumps, and pipe laying that will help it meet sewage standards.
In 2023, roughly 17 percent of the global spending made on market research services came from the manufacturing sector of non-durables. Furthermore, almost 11 percent of the global spending on market research was from pharmaceutical manufacturing.
Big Data as a Service Market Size 2024-2028
The big data as a service market size is forecast to increase by USD 41.20 billion at a CAGR of 28.45% between 2023 and 2028.
The market is experiencing significant growth due to the increasing volume of data and the rising demand for advanced data insights. Machine learning algorithms and artificial intelligence are driving product quality and innovation in this sector. Hybrid cloud solutions are gaining popularity, offering the benefits of both private and public cloud platforms for optimal data storage and scalability. Industry standards for data privacy and security are increasingly important, as large amounts of data pose unique risks. The BDaaS market is expected to continue its expansion, providing valuable data insights to businesses across various industries.
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Big Data as a Service (BDaaS) has emerged as a game-changer in the business world, enabling organizations to harness the power of big data without the need for extensive infrastructure and expertise. This service model offers various components such as data management, analytics, and visualization tools, enabling businesses to derive valuable insights from their data. BDaaS encompasses several key components that drive market growth. These include Business Intelligence (BI), Data Science, Data Quality, and Data Security. BI provides organizations with the ability to analyze data and gain insights to make informed decisions.
Data Science, on the other hand, focuses on extracting meaningful patterns and trends from large datasets using advanced algorithms. Data Quality is a critical component of BDaaS, ensuring that the data being analyzed is accurate, complete, and consistent. Data Security is another essential aspect, safeguarding sensitive data from cybersecurity threats and data breaches. Moreover, BDaaS offers various data pipelines, enabling seamless data integration and data lifecycle management. Network Analysis, Real-time Analytics, and Predictive Analytics are other essential components, providing businesses with actionable insights in real-time and enabling them to anticipate future trends. Data Mining, Machine Learning Algorithms, and Data Visualization Tools are other essential components of BDaaS.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Data analytics-as-a-Service
Hadoop-as-a-service
Data-as-a-service
Deployment
Public cloud
Hybrid cloud
Private cloud
Geography
North America
Canada
US
APAC
China
Europe
Germany
UK
South America
Middle East and Africa
By Type Insights
The data analytics-as-a-service segment is estimated to witness significant growth during the forecast period.
Big Data as a Service (BDaaS) is a significant market segment, highlighted by the availability of Hadoop-as-a-Service solutions. These offerings enable businesses to access essential datasets on-demand without the burden of expensive infrastructure. DAaaS solutions facilitate real-time data analysis, empowering organizations to make informed decisions. The DAaaS landscape is expanding rapidly as companies acknowledge its value in enhancing internal data. Integrating DAaaS with big data systems amplifies analytics capabilities, creating a vibrant market landscape. Organizations can leverage diverse datasets to gain a competitive edge, driving the growth of the global BDaaS market. In the context of digital transformation, cloud computing, IoT, and 5G technologies, BDaaS solutions offer optimal resource utilization.
However, regulatory scrutiny poses challenges, necessitating stringent data security measures. Retail and other industries stand to benefit significantly from BDaaS, particularly with distributed computing solutions. DAaaS adoption is a strategic investment for businesses seeking to capitalize on the power of external data for valuable insights.
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The Data analytics-as-a-Service segment was valued at USD 2.59 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 35% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Big Data as a Service Market analysis, North America is experiencing signif
What is the Size of Emulsified Shortenings Market?
The emulsified shortenings market size is forecast to increase by USD 894.4 million, at a CAGR of 5.9% between 2024 and 2029. The market is experiencing significant growth due to the expansion of the bakery industry and the increasing demand for confectionery products, sweet spreads, and ice cream. Companies in this market are responding by introducing new products to cater to these trends. However, rising raw material costs, particularly for sugar and animal-based ingredients, pose a challenge. To maintain consistency in food processing, plant-based alternatives are gaining popularity. Ensuring the right moisture content is crucial for the desired texture in various food applications. Food service establishments also contribute to the market's growth, as they increasingly opt for plant-based ingredients to cater to dietary habits and preferences. Emulsified shortenings derived from plant sources, such as soybean or sunflower oil, are gaining traction as viable alternatives to traditional animal-derived shortenings. This market analysis report provides insights into these trends and challenges, enabling businesses to make informed decisions.
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Market Segment
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
End-user
Food and beverage
Cosmetics and personal care
Pharmaceuticals
Source
Plant-based shortenings
Animal-based shortenings
Geography
Europe
Germany
UK
France
Italy
North America
Canada
US
APAC
China
India
Japan
South America
Middle East and Africa
Which is the Largest Segment Driving Market Growth?
The food and beverage segment is estimated to witness significant growth during the forecast period. The market holds significant importance in the food and beverage industry, particularly in the production of baked goods, snacks, confectionery, and prepared foods. These shortenings contribute to enhancing the taste, texture, and crumb structure of these products, ensuring consumer satisfaction and extended shelf life. With growing health concerns, there is a rising demand for plant-based and trans-fat-free emulsified shortenings.
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The food and beverage segment was the largest segment and was valued at USD 932.10 million in 2019. This trend is fueled by increasing consumer awareness towards health and wellness, as well as their preference for natural and minimally processed ingredients. Dairy products, such as ice cream and butter, are also major consumers of emulsified shortenings for texture improvement and mouthfeel. The market for emulsified shortenings is expected to grow, driven by the increasing demand for healthier alternatives and the versatility of these ingredients in various food applications. Hence, such factors are fuelling the growth of this segment during the forecast period.
Which Region is Leading the Market?
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Europe is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is driven by the region's thriving food processing industry and increasing consumer demand for high-quality food products, particularly in countries like Germany. The food processing sector is a critical component of Germany's economy, ranking as the fourth-largest sector, with an estimated production value of approximately USD 240 billion in 2022. This significant growth, representing around a 17% increase from the previous year, underscores the industry's agility in responding to evolving consumer preferences and market trends. Artisanal sweets and clean-label products are gaining popularity, leading to an increased demand for emulsified shortenings. These shortenings are essential food additives used in various food products and beverages, including baked goods, confectionery, and liquids. Employing emulsifiers in these applications ensures the desired texture, consistency, and stability.
How do Technavio's company ranking index and market positioning come to your aid?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AB Mauri UK Ltd: The company offers emulsified shortenings such as fluid shortening and mauri shortening.
Technavio provides the ranking index for the top 20 companies along with insig
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UK oil and gas production has diminished over the past decade because old oil fields have matured, and developing new commercially viable sources has become increasingly challenging. To combat this, extractors have pooled their resources and formed partnerships to enhance efficiency, while some have benefitted from previous investments in fields coming onstream. Oil and gas extracting companies also have reaped the rewards of an upsurge in global prices through 2022-23, leading to sharp revenue growth. However, this quickly turned around in 2023-24, with most major companies’ revenue nosediving along with oil prices. Revenue is expected to expand at a compound annual rate of 3.4% over the five years through 2024-25 to just over £33 billion. This includes a forecast hike of 5.3% in 2024-25; however, profit is slated to inch downward over the year as global oil and gas prices remain somewhat flat in the second half of 2024-25. The industry's performance is greatly affected by world oil and gas prices, with supply cuts put into place by the Organisation of the Petroleum Exporting Countries (OPEC) and global tensions resulting in price peaks and troughs. In October 2022, OPEC instituted a supply cut of two million barrels of crude oil per day, driving Brent Crude Oil prices up to US$110 (£87.80) per barrel, which has been extended until March 2025, with a ramping up period through September 2025. The sanctions on Russian oil and gas imports because of the Russia-Ukraine conflict add further impetus to prices. The EU has banned imports of Russian-made oil and gas, providing opportunities for UK exporters. Crude oil prices remain high, but significant oil production from non-OPEC countries threatening a glut in the oil market and a significant dip in global demand (especially from China) have made oil prices tumble sharply since July 2024. Despite mounting tensions in the Middle East having the potential to cut oil supply from the region, the ongoing political tensions have yet to significantly impact global prices, with prices hiking up around 10% in the month to October 2024, but remaining relatively low. Oil and gas prices are likely to continue inching downwards in the coming years as America is forecast to continue ramping up the global oil and gas supply. This, along with an expected reduction in global demand for oil and gas in the long term, will limit growth. The UK government will implement policies to create a more favourable environment for extractors and further investment in the North Sea to improve UK energy security. However, the depletion of natural resources, the expensive cost of extraction, low gas and oil prices and the global energy transition will threaten the industry's long-term viability. The government announced a delay to the ban on the sale of new petrol and diesel cars, along with the relaxation of some net-zero policies in September 2023, which should keep fossil fuel explorers afloat for longer. Revenue is forecast to rise at a compound annual rate of 3.4% over the five years through 2029-30 to just over £39 billion.
Success.ai’s LinkedIn Data Solutions provide unparalleled access to a comprehensive dataset of 700 million public LinkedIn profiles and 70 million company records. This vast collection of corporate data is essential for businesses aiming to enhance recruitment, lead generation, and personalized B2B marketing campaigns.
Our LinkedIn data offerings are designed to streamline your operations, whether you’re enhancing CRM systems with up-to-date LinkedIn profile data, refining email address data for targeted outreach, or utilizing UK B2B data for expansive market reach. Every dataset includes detailed insights across more than 40 critical data points per profile, encompassing education, professional history, and specialized skills.
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United Kingdom IT Services Market Report is Segmented by Type (IT Outsourcing, IT Consulting & Implementation, and Business Process) and End User (IT and Telecommunication, Government, BFSI, Energy & Utilities, Consumer Goods & Retail, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
Personal Care Market Size 2024-2028
The personal care market size is forecast to increase by USD 167.2 billion at a CAGR of 6.03% between 2023 and 2028. The market, encompassing hair care and skincare, exhibits significant growth due to several key factors. An expanding consumer base, comprised of both men and women, seeks an array of personal care solutions. Social media and blogging influence consumer preferences, driving demand for innovative products. However, the high cost of natural and organic personal care items poses a challenge for some consumers. Specialty stores catering to niche markets and offering customized solutions are gaining popularity. However, the high cost of natural and organic personal grooming products poses a challenge for some consumers, potentially limiting market growth for this segment. Overall, the market is witnessing continuous evolution to meet the diverse needs and preferences of its customer base.
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The market is witnessing significant shifts as consumers increasingly prioritize natural and organic offerings. This trend is driven by a growing awareness of health and wellness, with an emphasis on clean labels, non-toxic ingredients, and plant-derived components. Organic skincare products and natural hair care solutions are gaining popularity among consumers. These products often contain organic ingredients, such as natural oils and plant extracts, which offer numerous benefits without the use of synthetic chemicals. The demand for chemical-free personal care items is on the rise, as consumers seek to minimize their exposure to potentially harmful substances.
Moreover, multifunctional products are another trend in the market. Consumers are looking for products that offer multiple benefits, saving them time and money. For instance, a moisturizer with sun protection or a shampoo that also acts as a conditioner. The preference for natural and organic formulations extends beyond color cosmetics to include all personal care categories, such as skin care and hair care. Specialty stores, pharmacies, and beauty salons are responding to this trend by expanding their offerings of organic and natural personal care products. The millennial demographic is a key driver of this market trend. This generation is more likely to research and read labels before making a purchase.
Furthermore, they are also more likely to be vegan or vegetarian, leading to the growth of vegan beauty ranges. To cater to this market, companies are investing in research and development to create innovative personal care products using natural and organic ingredients. Brands make use of artificial intelligence that matches with ideal formulas specific to the needs of consumers. For example, Mozo and Boohoo have launched new lines of organic and natural personal care products.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Distribution Channel
Offline
Online
Product
Skincare products
Haircare products
Color cosmetics
Oral care products
Others
Geography
APAC
China
Japan
Europe
Germany
UK
North America
US
Middle East and Africa
South America
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period. The market encompasses a range of products including cosmetics, with a growing emphasis on non-toxic and organic ingredients. These items are increasingly popular among consumers, leading to the rise of vegan and eco-friendly cosmetics. The growing popularity of beauty and personal care specialty retail stores drives the growth of this segment. Pharmacies and beauty salons serve as significant distribution channels for these products, catering to customers seeking professional advice and customized solutions. In 2023, specialty stores emerged as the top revenue generator within the offline distribution segment of The market.
Furthermore, medical clinics and institutes also contribute to sales, offering specialized hair growth treatments and other professional services to enhance hair volume, density, and color. Overall, offline retail formats, including drugstores, salons, department stores, and medical clinics, continue to dominate the market landscape.
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The offline segment accounted for USD 314.80 billion in 2018 and showed a gradual increase during the forecast period.
Regional Insights
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately ex
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The Report Covers Top Uk Facilities Management Market Companies and the Market is Segmented by Facility Management Type (In-House FM Service, Outsourced FM Service (Single FM, Bundled FM, Integrated FM)), Offering Type (Hard FM (Building Services, HVAC Services, Mechanical, Electrical & Plumbing Services), Soft FM), and End-User (Commercial, Institutional, Public/Infrastructure, Industrial, and Other End Users), and Region (London and South East England, South West England, Midlands & East England, North of England, and Rest of the United Kingdom). The Market Sizes and Forecasts are in Terms of Value (USD Billion) for all the Above Segments.
In 2023, the leading market research company in terms of global research revenue was Gartner, generating approximately 5.9 billion U.S. dollars. In the same year, American company IQVIA accrued roughly 5.6 billion U.S. dollars. Market research companies - global players Market research is an important business strategy involving the gathering of information about an organization’s target market. In terms of global research revenue, American company Gartner was the leading market research company worldwide. Headquartered in the United States, the number of employees working for the company totaled 20,237 people in 2023. The sixth largest market research company in terms of global research revenue was Kantar. Kantar Group is a UK-based international network of 12 companies, including Millward Brown and IMRB International. In 2022, the research revenue of Kantar amounted to approximately three billion U.S. dollars. Another European leader, and ranked seventh in the global ranking, was Ipsos. The company had a research revenue of over 2.5 billion U.S. dollars. The largest share of market research revenue made by Ipsos was generated in Europe, the Middle East and Africa in 2023. United States dominant in a global market The global revenue of the market research industry reached over 75 billion U.S. dollars in 2023, over half of which came from the United States. The number of full-time employees working for the top ten market research companies in the United States totaled almost 40,000 in 2020.