Licensed Sports Merchandise Market Witness Substantial Growth in the Upcoming years

Implementation of effective sports marketing helps in achieving financial success of sports clubs and organizations. Major market players are focusing on analyzing the purchasing behavior of the sports fans across the globe and strategizing product launches accordingly. Events such as FIFA World Cup and National Football League (NFL) are expected to create an attraction among sports lovers which in turn will boost the inclination towards purchasing licensed sports merchandise during the forecast period.

Based on product type, the global Licensed Sports Merchandise Market has been segmented into sports apparel, sports footwear, sports accessories & toys, videogames, and others. The sports footwear segment is expected to dominate the global licensed sports merchandise market during the forecast period. Rising number of populations inclining towards fitness and routine workout has increased the demand for sports footwear as their basic requirement, which is primarily driving the growth of footwear segment. Merchandise footwear sold being licensed by famous celebrities such as Michael Jordan and LeBron James have gained reasonable popularity among urban consumers across the globe. Other sports include baseball including shoes by Derek Jeter and Hockey including National Hockey League (NHL) logo. However, the sports accessories & toys segment is expected to gain the fastest growth in the global licensed sports merchandise market. The technological advancements such as 3D printing in wide variety of sports accessories have enhanced the product appearance leading to an increased demand for 3D printed licensed sports keychain, ball, celebrity figures, team flags and many more.

The global licensed sports merchandise market has been divided, by price range, into premium and economic. The economic segment is expected to dominate the global licensed sports merchandise market during the assessment period due to its affordability by large group of population across the globe. However, with growing passion for sports and rising per capita disposable income of consumers across the globe, the premium segment is projected to record the highest CAGR during the forecast period.

The global market for licensed sports merchandise has also been classified, by distribution channel, into store-based and non-store based. The store-based segment has been further segregated into hypermarkets and supermarkets, convenience stores, specialty stores, and others. The store-based segment is expected to generate higher revenue, with the hypermarkets and supermarkets sub-segment being the largest due to strong vendor networks, high product appeal due to lucrative packaging and feel of the product. The non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online purchase.

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Regional Analysis

The global licensed sports merchandise market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world.

The licensed sports merchandise market in North America is expected to dominate during the forecast period due to high participation of American population in popular sports such as baseball and soccer. Growing fan following of popular teams such a Dallas Cowboys and Chicago Bulls are expected to boost the demand for licensed sports merchandise market in North America during the forecast period.

Asia-Pacific is expected to be the fastest growing region in the licensed sports merchandise market during the forecast period. Rising popularity of various international sports among the teenagers owing to increasing adoption of cross-cultural fashion trends are expected to fuel the licensed sports merchandise market in the region during the forecast period.

Denim Market Global Insights and Growth Opportunities

The global market is anticipated to experience 4.60% CAGR owing to the growing preference of denim apparel among the youth, asserts Market Research Future (MRFR). Denim is referred to as a rugged cotton twill textile or a fabric which is used to prepare products such as shirts, jeans, bags, jackets, and other accessories. Evolved from the demand of American goldminers in order to withstand the work stress, has gained huge acceptance especially among the youth population. The first denim manufactured was in the year 1873 by Levi Strauss and Jacob Davis. Today denim is a fashionable and important item in every wardrobe and has become one of the most lucrative businesses across the globe.

Global Denim Market is projected to garner USD 128,643.1 million during the forecast period (2018-2023). Denim market has gained huge acceptance in the fashion industry across the globe. With youth becoming extremely fashion conscious, the spending on branded denims have increased. The increasing preference for denim apparel among the youth is one of the major drivers for the market growth. Also, the augmenting per capita income among the youth is supporting the market to a great extent. Denims are largely preferred due to its durability, comfortable nature, and low maintenance. They are available in formal as well as casual wear, and a wide variety of shades. Such factors have highly influenced the market growth during the assessment period. The growth of e-commerce and organized retail sector has further contributed to the growth of the market. With the growth of several retail chains such as specialty stores, supermarkets, and hypermarkets, the denim market is anticipated to flourish during the estimated period. Development of retail sectors is taking place in tier-2 and tier-3 cities besides major cities, which has further accelerated the reach of denim products. Additionally, with the growing number of shopping malls and availability of denim products through e-commerce have further increased the sales of the market across the globe.

On the flip side, counterfeit products are considered one of the common restraints to the growth of the market. Several popular brands undergo the fight against fake products in the global market. For instance, in August 2017, LEVI’s had filed a complaint in the US district court stating that a group of unnamed defendants had created an e-commerce site selling counterfeit LEVI’s products to the consumers.

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Segmental Analysis

The global denim market has been segmented since type, consumer group, distribution channel, and region.

By mode of type, the global denim market has been segmented into loose fit, slim fit, and others. Loose fit denims account for 34.8% of the market share and is estimated to expand at a moderate rate owing to the texture and comfort it offers. The slim fit denims are considered to retain its dominance during the estimated period owing to the rising preference of the consumers towards skinny fit apparels. The others segment comprises joggers, straight fit, cropped jeans, high waisted jeans, baggy jeans, boot cut, and others. This segment is likely to expand at 4.46% CAGR during the appraisal period.

Rose Oil Market Predicted to Rise at a Lucrative CAGR throughout 2024

Rose oil has been used in aromatherapy very commonly, due to its fragrance and therapeutic effect. Damascus rose, and centifolia roses are two of the major species, from which rose oil is extracted through the process of solvent extraction and steam distillation. The chemical components used to make the oil are Citronellol, Citronellyl Acetate, Citral, Carvone, Ethanol, Eugenol, Farnesol, Methyl Eugenol, Stearpoten, Nonanal, Nerol, Phenyl Acetaldehyde, Phenyl Geraniol, and Phenylmethyl Acetate. These components help to the overall health of the body in different ways and are, therefore, equally essential for wellbeing.

Based on type, the Global Rose Oil Market has been segmented into rose otto and rose absolute. The rose otto segment is anticipated to gain the largest revenue share in the global rose oil market and is expected to maintain the lead throughout the forecast period. Rose otto oil are being used in various applications such as pharmaceuticals, fragrances, cosmetics, toiletries and others due to the health benefits offered by the oil. This is a crucial determinant that is catalyzing the growth of rose otto segment in the global rose oil market. The same segment is expected to grow with the highest growth rate owing to the growth of end-use industries such as cosmetics & toiletries and fragrances and perfumes in which rose otto oil is used.

The global rose oil market has been segregated, by category, into organic and conventional. The conventional segment is expected to garner major share in the global rose oil market owing to the huge availability of conventional rose oil. However, the organic segment is anticipated to project a higher CAGR during the forecast period due to the rising inclination of consumers towards organic products.

The global rose oil market has been segregated, by application, into food & beverages, fragrances & perfumes, cosmetics & toiletries, and others. The cosmetics & toiletries segment is projected to gain largest share in the global rose oil market due to the major application of rose oil in various skincare, make up and personal care products. The antioxidant, antibacterial, astringent, antidepressant, and anti-inflammatory properties of rose oil categorize it as an essential ingredient in different cosmetics and personal care products. However, the fragrances & perfumes segment is anticipated to grow with the highest growth rate during the forecast period owing to the significant growth of fragrances & perfumes sector.

The global rose oil market has been segmented on the basis of region, into North America, Europe, Asia-Pacific, Rest of the World.

Europe is expected to dominate the global rose oil market owing to the large production of rose oil in the region. Countries such as are among Bulgaria, Russia and France are the largest producers of rose oil in the region.

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Asia-Pacific and RoW rose oil market are expected to grow at a rapid pace due to the surging production and consumption of rose oil in the regions. Moreover, North America is also expected to project a significant market share owing to the increasing awareness regarding the health benefits of rose oil and growing cosmetic and toiletries industry in the region

The global rose oil market has been segmented based on type, category, application, and region.

By type, the global rose oil market has been classified as rose otto, rose absolute and others.

Based on category, the market is segregated as organic and conventional.

By application, the market is categorized into food & beverages, fragrances & perfumes, cosmetics & toiletries, and others.

Some of the key players in the global rose oil market are Sigma-Aldrich, Inc. (US), Ernesto Ventos SA (Spain), Alteya Organics, LLC (US), Givaudan SA (Switzerland), Firmenich International SA (Switzerland), Symrise AG (Germany), V. MANE FILS SA (France), Robertet SA (France), International Flavors & Fragrances Inc. (US), and BERJÉ INC. (Switzerland).