The global down and feather market is highly fragmented with many
small and medium players, especially in China. The top three
processors and manufacturers of fine down and feather blends - Allied
Feather and Down, KL Down, and Feather Industries - held around 14%
of the market in 2015.
Some of the key growth and expansion strategies identified by
Transparency Market Research include the development of new products
catering to changing consumer lifestyles and investments in
technological innovations. In July 2014, Allied Feather and Down
introduced a proprietary technology to develop a fluorocarbon-free,
water-resistant down. The down was developed implementing an advanced
technology called HyperDRY ECO.
The opportunity presented by the global down and feather market stood
at US$4.9 bn in 2015 and is projected to be worth US$8.7 bn by 2024.
The market is projected to expand at a CAGR of 5.0% in terms of
volume and 6.6% in terms of revenue during the forecast period.
Get
PDF Brochure for more Professional and Technical insights :
Duck
Segment to Register Faster Growth by Volume, Goose Segment by Revenue
By type, duck dominates the global down and feather market. In terms
of volume, this is likely to expand at a CAGR of 5% between 2016 and
2024, higher than that presented by the goose segment. However, in
terms of revenue, the goose segment is estimated to expand at a
higher CAGR of 6.8% during the forecast period.
The comforters segment is projected to be a highly attractive product
type of Down and Feather during the forecast period. Pillows and
apparel segments are anticipated to exhibit stable demand in mature
markets such as Europe and North America; however, there exists
growth potential in other regions as well.
Asia Pacific is considered to be the leading market for down and
feathers and its global market share by volume was 31.4% in 2015.
During the forecast period, the consumption of down and feathers in
the region is expected to increase at a CAGR of 6.1%.
TMR
Notes Increase in Global Consumption of Duck and Goose Meat
The global consumption of duck and goose meat has increased
significantly, particularly in countries such as China, Thailand,
Malaysia, and Myanmar. Foie gras – a luxury food product made of
the liver of a duck or goose – is a French delicacy that has gained
popularity in several parts of the world. “Down and feathers are
by-products of the meat industry and therefore, an increase in the
consumption of duck and goose meat augments the down and feather
market,” the TMR analyst reports.
Browse
Market Research Report with ToC & Analysis :
A surge in the rate of urbanization across various developing
economies of the world and the rise in consumer spending power have
also had a significant impact on the demand for down and feather
products. “Approximately 50% of the global population resides in
urban areas and a growing percentage of rural inhabitants are also
expected to move to urban areas in the near future,” the lead
analyst states. This shift has given rise to an urban culture that
strongly influences consumer behavior and individual lifestyle. This,
coupled with an increase in purchasing power is likely to boost the
demand for luxury clothing and comforters, thereby driving the market
for down and feathers.
This review is based on the findings of a TMR report titled “Down
and Feather Market (by Origin - Duck and Goose; by Product - Pillows,
Comforters, Bedding, and Apparel) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024.”
Down
and Feather Market: Type Analysis
- Down
- Feather
Down
and Feather Market: Origin Analysis
- Duck
- Goose
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment