This content originally appeared on DEV Community and was authored by Shweta Karanjekar
The global insurtech market size is anticipated to value USD 16.8 billion until 2025. It is also expected to register a CAGR of 43.0% over the forecasted years, 2019 to 2025. The rising usage of advanced technologies like AI (Artificial Intelligence) and ML (Machine Learning) across many insurance companies for targeting customers and maintaining their records is projected to drive market growth.
The cloud computing technology segment is projected to witness significant growth due to rising consumer demand for hybrid and customized services related to insurance. While the blockchain technological segment is anticipated to register 44.9% CAGR from 2019 to 2025 due to the need for enhancing operational speed and transparency in the process of insurance claims.
Get Free PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures, Chart and Covid-19 Impact Analysis) : https://bit.ly/3uYZV2j
Key Questions Answered in this report :-
• What are the sales or revenue produced by Organic Deodorant products beyond all sectors during the forecast period?
• What are the key trends in the Organic Deodorant market?
• What are the leading drivers, limitations, and probabilities in the industry?
• Which segment will gain the highest revenue worldwide and which product segment will expand at the fastest CAGR during the forecast period?
• In which region the Organic Deodorant market to project lucrative CAGR during the forecast period?
Nykaa one of the leading brands aims to launch 30 physical stores across India by 2020, to widen its brand visibility. Additionally, the brand also plans to introduce 90 offline outlets for the Nykaa Luxe Nykaa On Trend outlets by 2020.
Supermarkets/hypermarkets held a share of 57.9% in global revenue in 2018. Benefits such as physical display and verification attribute to the rising sales of supermarkets and hypermarkets. The multiple campaigns organized by renowned brands further contribute to increase in the sales of this segment.
For example, Credo Beauty, in the U.S., had launched six outlets between 2017 and 2018. Moreover, the company aimed to introduce several offline stores in the upcoming years. The growing number of organic products oriented stores is predicted to have a positive impact on the organic deodorants market over the forecast period.
Sprays held the largest market share of 46.5% in 2018. The growth is attributed to the products’ feature such as long durability and extensive adoption by Indians. Stick deodorants held the dominant position in the U.S. market in the past, however, with the shifting preference for sprays, the stick segment is expected to observe a decline in its sales in the future.
A French company Laboratoire Saint Come, launched the Natural Body Deodorant that prevents odor through active molecules in its formulation by soaking them. The products contains 70% natural alcohol and are packed using a 100% recyclable bottle.
Further key findings from the report suggest:
• APAC is predicted to grow at the fastest rate due to the increased availability and product development of chemical-free products preferred by the customers in India.
• Europe held a share of 34.8% in 2018 while North America held 22.9% share in the global revenue.
• Based on type, sprays held the highest share of 46.5% in 2018 while sticks/creams are predicted to grow at the fastest rate from 2019 to 2025.
Global Organic Deodorant Market: Key Players
Unilever, Alverde, Elsa's Organic Skin Foods, SPEICK Natural Cosmetics, Lavera, Weleda, Sebamed, Indus Valley, Lavanila Laboratories, Truly's Natural Products, Erbaviva, Spirit Nest, Sky Organics, and EO Products.
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This content originally appeared on DEV Community and was authored by Shweta Karanjekar
Shweta Karanjekar | Sciencx (2021-04-16T12:19:37+00:00) Insurtech Market To Witness The Highest Gains by 2025. Retrieved from https://www.scien.cx/2021/04/16/insurtech-market-to-witness-the-highest-gains-by-2025/
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