Industry Reports

2024 Industry Reports

  • Adaptogenic Beverages

    Adaptogenic beverages are certainly having a trendy moment. In recent years the shelves at supermarkets, grocery stores, health food markets, and pharmacies have exploded with new offerings of these function-forward drinks which contain adaptogens: natural and plant-based ingredients that help promote wellbeing in various ways.

2023 Industry Reports

  • Skin Care Industry

    The skincare industry is rapidly growing, meeting the rising demand for personal care and beauty products. It offers a variety of items like creams, lotions, serums, cleansers, masks, and sunscreens, promoting healthy and radiant skin. Predicted to keep growing, the global market thrives due to heightened consumer awareness, a desire for natural options, and increased disposable incomes.

  • Health & Wellness Industry

    Traditionally offering group fitness classes and vitamins, the health and wellness industry, has transformed due to the impact of Covid-19. Consumers now prioritize their overall health, driving demand for products and services that cater to mental and physical wellbeing. This shift includes a surge in online fitness classes and nutritional guides, expanding markets previously unable to support this lifestyle.

  • Home Decor & Goods Industry

    The home goods industry, known for its quick adaptation to trends, includes furniture, appliances, cookware, electronics, decor, and textiles. Research shows rapid growth at a 5% compound annual rate from 2022 to 2026. Major players like Walmart, Amazon, TJX Companies, Target, and IKEA dominate this space. Yet, small business brands gain traction due to unique offerings, personalized interactions, and support for local economies and community-driven consumerism.

  • Accessories Industry

    The jewelry and accessories industry is diverse, covering fine jewelry, watches, handbags, scarves, and more. It's growing due to the rising emphasis on personal style and the desire to enhance outfits with carefully chosen accessories. Both luxury brands and new designers strive to provide distinctive and fashionable items catering to diverse consumer tastes.

  • Beverage Industry

    The expansive beverage industry covers water, beer, and various drinks from worldwide sources. It evolves due to changing consumer preferences, technology, health focus, cultural shifts, demand for sustainable products, and a quest for diverse global flavors.

  • Clothing Industry

    The pandemic hit the clothing industry hard, forcing store closures and supply chain disruptions. This drove a swift move to online shopping, boosting e-commerce. Challenges like inflation, supply chain issues, and geopolitical instability persist, causing some concerns. Yet, the $1.7 trillion industry is rebounding, fueled by changing consumer preferences, a focus on ethics and sustainability, and the adoption of new technologies for sales and customer interaction.

  • Food Industry

    The diverse food industry encompasses agriculture, restaurants, products, delivery, and more, contributing over $1.5 trillion to the U.S. GDP. Despite facing challenges like sustainability and supply chain issues, advancements in technology aim to improve food safety and sustainability. With an array of global flavors, accessible ingredients for various health goals, and evolving consumer tastes, this thriving industry presents extensive opportunities for food brands to cater to diverse needs worldwide.

  • Travel Industry

    The global travel and tourism sector, contributing over 10% to the global GDP and supporting 300 million jobs, is valued reach $8.6 trillion by 2027. Dominated by the U.S., this diverse industry includes transportation, accommodation, food, attractions, and related goods. Severely affected by COVID-19, it's slowly recovering, presenting opportunities for brands. Adapting to key industry shifts will be crucial for travel brands to succeed during this recovery phase.