Latest news with #CoherentMarketInsights
Straits Times
a day ago
- Business
- Straits Times
Thailand embraces the rainbow economy as Pride Month sparks growth
The rainbow economy is experiencing rapid and powerful expansion, particularly in the tourism, entertainment, and lifestyle sectors. PHOTO: EPA-EFE Thailand is among several countries expected to benefit from positive sentiment surrounding the rainbow economy during the Pride Month celebrations in June. The rainbow economy is experiencing rapid and powerful expansion, particularly in the tourism, entertainment, and lifestyle sectors. This growth is largely driven by the LGBTQIAN+ (lesbian, gay, bisexual, transsexual, queer/questioning, intersex, asexual, non-binary) community, which is estimated to comprise between 400 and 800 million people worldwide, accounting for 5-10 per cent of the global population. Globally, the LGBTQ+ travel market is projected to be worth approximately US$357 billion (S$460 billion) by 2025, with potential growth reaching US$604.34 billion by 2032, according to estimates from Coherent Market Insights. A survey by Gallup found that 22.3 per cent of Generation Z (born 1997-2012) in the United States identify as LGBTQIAN+, followed by Millennials (born 1981-1996) at 9.8 per cent, Generation X (born 1965-1980) at 4.5 per cent, Baby Boomers (born 1946-1964) at 2.3 per cent, and the Silent Generation (born 1945 or earlier) at 1.1 per cent. Many countries are showing increasing support for marriage equality. According to the 2023 Eurobarometer survey conducted by the European Commission, the level of support for same-sex marriage legislation across Europe is as follows: Sweden: 94 per cent of the population supports legalising same-sex marriage across Europe Netherlands: 94 per cent of the population supports it Denmark: 93 per cent of the population supports it In Thailand, there are more than six million members of the LGBTQIAN+ community, who are expected to generate over 150 billion baht annually, contributing to a 0.3 per cent increase in GDP, according to Mahidol University's College of Management. Marriage equality legislation is anticipated to have positive effects on tourism and investment, with the Tourism Authority of Thailand (TAT) estimating revenue from LGBTQIAN+ tourists to reach US$2 billion per year. Meanwhile, Thammasat University estimates that Thailand's soft power—such as the popular Thai Girls' Love genre series—has gained worldwide recognition, amassing hundreds of millions of views and generating substantial revenue and cultural influence. With strong support, this genre is expected to generate up to 2 billion baht per year. Furthermore, when assessing viewership figures for Thai Girls' Love series that have aired, the total number of views has reached as high as 800 million, driven by a vast global fan base. 'Thailand is recognised as the world's No 1 destination for gender-affirming surgery, with its medical tourism sector projected to reach 16 billion baht in value by 2025,' Mr Nattakit Tangpoonsinthana, Chief Marketing Officer of Central Pattana said. 'At the same time, the country serves as an emotional safe space for the global LGBTQIAN+ community—particularly travellers from China, South Korea and the Middle East—who see Thailand as a hub of cultural celebration.' To capitalise on these economic insights, Central Pattana recently launched Thailand's Pride Celebration 2025: 'Pride For All,' which will see Central shopping centres across the country transformed into inclusive spaces that champion self-expression and equality. Mr Nattakit expects that throughout the month of June, around 1.3 million people will participate in events across all shopping centres nationwide, an increase from 1 million in 2024. THE NATION/ASIA NEWS NETWORK Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
5 days ago
- Business
- Yahoo
Storage Systems Market worth $130.4 billion by 2032, booming at 9.8% CAGR, Coherent Market Insights
Storage Systems Market Forecast to Reach USD 67.9 Billion by 2025, Driven by Global Data Explosion Burlingame, CA, May 29, 2025 (GLOBE NEWSWIRE) -- Coherent Market Insights published a report, titled, the global storage systems market, stood at USD 67.9 billion in 2025 and is projected to advance at a resilient CAGR of 9.8% from 2025 to 2032, culminating in a forecasted valuation of USD 130.4 billion by the end of the period. Request Sample Pages: Global Storage Systems Market Key Takeaways According to Coherent Market Insights (CMI), the global storage systems market size is anticipated to grow at a CAGR of 9.8%, expanding from USD 67.9 Bn in 2025 to a staggering USD 130.4 Bn by 2032. Based on deployment, on-premises segment is expected to account for nearly three-fifths of the global storage systems market share in 2025. By storage system, direct attached storage (DAS) segment is projected to account for a market share of over 1/3 in 2025. In terms of application, BFSI segment is set to dominate the industry, generating a market revenue of around USD 20.49 Bn in 2025. As per Coherent Market Insights' latest storage systems market analysis, Asia Pacific will likely remain the most remunerative pocket for players during the forecast period. It is expected to hold nearly two-fifths of the global industry revenue share in 2025. Rapid Increase in Data Generation Fueling Market Growth Coherent Market Insights' latest storage systems market research report highlights key factors driving industry growth. One such prominent growth driver is the increasing data generation globally. The volume of structured and unstructured data from sources like social media, IoT devices, and enterprise applications is increasing exponentially. According to the International Data Corporation (IDC), the global datasphere is expected to reach 175 zettabytes by 2025. This explosive data growth will create high demand for advanced storage solutions, thereby providing growth impetus for the storage systems market. Both on-premises and cloud-based storage systems allow users to efficiently store, organize, and manage vast amounts of data. Buy this Complete Business Research Report: Technical Complexity and Privacy Concerns Limiting Growth The future storage systems market outlook looks promising, owing to increasing data generation and rising need for efficient, scalable data storage solutions across various industries. However, technical complexity and data security concerns might limit market growth to some extent. Integration new storage systems with existing IT infrastructure can be complex, time-consuming, and costly. This challenge often limits their adoption, especially among small and medium-sized enterprises, thereby reducing overall storage systems market demand. Moreover, cloud storage systems are vulnerable to data breaches and cyberattacks. This limits their adoption, particularly in industries with strict data protection regulations. Digital Transformation Initiatives Creating Growth Opportunities Organizations across various industries are increasing their digital transformation efforts to succeed in the highly competitive environment. This is expected to drive demand for efficient, scalable, and secure data storage solutions. Rising adoption of cloud computing, big data analytics, AI, and IoT technologies is generating massive volumes of data. This is compelling enterprises to invest in advanced storage solutions, thereby unlocking revenue-generation streams for storage system companies. Emerging Storage Systems Market Trends Growing popularity of cloud-based storage solutions among enterprises of all sizes is a key growth-shaping trend. Businesses are increasingly opting for cloud storage systems due to their flexibility, scalability, and cost-efficiency. Many organizations are adopting hybrid cloud strategies by combining on-premise infrastructure with public cloud services. This will drive demand for hybrid cloud storage solutions in the coming years. Rise of edge computing is resulting in the generation of massive volumes of data. This trend is expected to boost demand for storage systems during the assessment period. There is also a growing trend of incorporating advanced technologies like AI and automation into storage systems to optimize performance as well as predict failures and manage capacity more effectively. These innovations will further boost the storage systems market growth. Analyst's View said senior analyst Monica Shevgan. Current Events and Their Impact on the Storage Systems Market Event Description and Impact Rising Demand for Cloud Storage and Data Management Description: Adoption of cloud computing is increasing significantly across industries. Impact: This is expected to drive demand for cloud storage systems and services. Advancements in Storage Technologies Description: Companies are striving to develop high-capacity storage drives. Impact: Introduction of storage solutions with increased storage density and cost-effectiveness will further boost the storage systems market value. Growing Popularity of Edge Computing Description: Edge computing devices and IoT networks are witnessing high penetration. Impact: This is leading to increased demand for decentralized storage solutions and edge data centers. Competitor Insights Key companies listed in the global storage systems market report: Dell Technologies Seagate Technology Cisco Systems, Inc. Hewlett Packard Enterprise (HPE) EMC Corporation (now part of Dell Technologies) Hitachi Vantara Kingston Technology IBM Corporation NetApp, Inc. Samsung Electronics Pure Storage, Inc. Microsoft Corporation (Azure Storage) Western Digital Corporation Toshiba Corporation Oracle Corporation Key Developments In May 2025, Hitachi Vantara introduced the Virtual Storage Platform 360 (VSP 360). It is a unified management software solution designed to help customers simplify data infrastructure management solutions as well as improve decision-making and the delivery of data services. In April 2025, Lenovo expanded its storage portfolio with the launch of next-generation Lenovo Data Storage Solutions to accelerate IT modernization for the age of AI. The new solutions include software defined infrastructure (SDI), storage arrays, and new AI and virtualization innovations to flexibly address rapidly evolving data operations. In January 2025, Seagate Technology Holdings plc launched new hard drive solutions with capacities of around 36 TB. The new products are designed to deliver unprecedented storage scale for large-scale data center deployment. In March 2025, Huawei introduced AI-Ready Data Storage solutions. These solutions are designed to assist telecommunications carriers in embracing artificial intelligence (AI) by transforming disordered data into high-quality assets. In November 2024, Hitachi Vantara expanded its hybrid cloud storage platform with the launch of all QLC Flash, object storage, and advancing cloud integration. These solutions are designed to help organizations optimize data management. Market Segmentation By Deployment Insights (Revenue, USD, 2020 - 2032) On-premises Cloud By Storage System Insights (Revenue, USD, 2020 - 2032) Direct Attached Storage (DAS) Network Attached Storage (NAS) Storage Area Network (SAN) By Application Insights (Revenue, USD, 2020 - 2032) BFSI IT and Telecom Media and Entertainment Automotive Government and Public sector Others By Regional Insights (Revenue, USD, 2020 - 2032) North America U.S. Canada Latin America Brazil Argentina Mexico Rest of Latin America Europe Germany U.K. Spain France Italy Russia Rest of Europe Asia Pacific China India Japan Australia South Korea ASEAN Rest of Asia Pacific Middle East GCC Countries Israel Rest of Middle East Africa South Africa North Africa Central Africa Get Customization on this Report: Related Reports: Storage In Big Data Market Size, Share, Trends, and Opportunities (2025-2032) Next Generation Data Storage Market Size, Share & Trend Analysis (2025-2032) Storage Area Network (SAN) Market Size, Share & Trend Analysis Report (2025-2032) Our Trusted Partners:Worldwide Market Reports, Coherent MI, Stratagem Market Insights Get Recent News: Read Recent Blogs: About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ Latest Update Follow Us:LinkedIn | Facebook | TwitterSign in to access your portfolio
Business Upturn
23-05-2025
- Business
- Business Upturn
Hair Growth Supplements Market to be Worth USD 2,581.1 Million by 2032: Coherent Market Insights
Burlingame, CA, May 23, 2025 (GLOBE NEWSWIRE) — The global hair growth supplements market was valued at approximately USD 940.1 million in 2025, and this figure is projected to reach around USD 2,581.1 million by 2032, expanding at a robust compound annual growth rate (CAGR) of 15.5%. The expansion of the hair growth supplements industry is largely driven by a growing preference for nutraceuticals over pharmaceuticals, due to their perceived higher safety profile. Additionally, rising awareness of the nutritional benefits provided by supplements has contributed to this shift. The increasing incidence of hair loss caused by various conditions, along with a heightened focus on maintaining healthy hair, has further boosted the demand for hair growth supplements. Request Sample Report @ Global Hair Growth Supplements Market Key Takeaways According to Coherent Market Insights (CMI), the global hair growth supplements market size is forecast to grow from USD 940.1 Mn in 2025 to USD 2,581.1 Mn by 2032. Global demand for hair growth supplements will likely increase at a robust CAGR of 15.5% throughout the assessment period. Based on product type, single ingredient supplements segment is expected to account for more than half of the global hair growth supplements market share in 2025. By formulation, capsules segment is projected to account for nearly one-fourth of the hair growth supplements market revenue share in 2025. In terms of functionality, hair regrowth segment is set to hold a prominent market share of more than 1/3 in 2025. North America is anticipated to dominate the global hair growth supplements industry, accounting for more than one-third of revenue share in 2025. As per Coherent Market Insights' latest hair growth supplements market analysis, Asia Pacific is expected to experience fastest growth during the assessment period. This can be attributed to growing health and wellness trend and increasing spending on hair supplements like vitamins. Rising emphasis on maintaining healthy hair has also fueled an adoption of hair growth supplements in the region. Also Read: Hair Loss Treatment Market Size, Share & Trend Analysis Report (2025-2032) Rising Prevalence of Hair Loss Disorders Propelling Growth Coherent Market Insights' latest hair growth supplements market research report outlines prominent factors driving industry growth. This includes increasing incidence of hair loss disorders globally. Hair loss disorders, such as androgenetic alopecia (AGA) and alopecia areata (AA) are becoming more prevalent globally. According to an article published by the American Academy of Dermatology (AAD), alopecia areata affects around 2% of the global population. This high disease burden is expected to boost growth of the hair growth supplements market. Hair growth supplements are gaining immense traction among individuals with hair loss issues. They have the tendency to help reduce hair fall and support growth of hair follicles. Thus, higher the cases of hair loss, greater will be demand for hair growth supplements. Side Effects and Availability of Alternative Therapies Limiting Market Growth The future hair growth supplements market outlook looks optimistic. However, factors like high cost of premium products and availability of alternative treatments are expected to limit market growth to some extent. Many hair growth supplements come with a heavy price tag. This limits their affordability and accessibility for a larger customer base, especially in low- and high-income regions. Availability of alternative hair loss treatments like PRPs, topical solutions, and hair transplants is also limiting the overall hair growth supplements market demand. Request a Customized Copy of the Report @ Growing Awareness of Hair Health Creating Growth Prospects for Players People across the world are becoming increasingly aware of the importance of maintaining healthy hair, mainly due to rising concerns about hair thinning and hair loss. This growing awareness is creating high demand for hair growth supplements. Modern consumers seek natural and scientifically backed solutions. This is expected to offer promising opportunities for hair growth supplement manufacturers and suppliers during the assessment period. Increasing geriatric population will also play a key role in boosting the hair growth supplements market growth. Aging often leads to hair thinning, prompting older consumers to seek non-invasive solutions like hair supplements. Emerging Hair Growth Supplements Market Trends Evolving beauty trends are acting as a catalyst for the growth of hair growth supplements market. Personal grooming and aesthetics are taking central stage in the modern world. More and more individuals are turning to hair growth supplements as a convenient and affordable way to address thinning hair and baldness. Social media is having a profound impact on the hair growth supplements industry. Leading wellness brands, celebrities, and influencers are increasingly promoting hair supplements on platforms like TikTok and Instagram. This growing visibility is increasing consumer interest as well as contributing to higher sales of hair growth supplements. Rising interest in preventive healthcare is significantly boosting hair growth supplements industry. Consumers are opting for hair supplements not only to address hair loss, but also as a proactive measure to maintain healthy hair as well as prevent future damage. There is also an increasing consumer preference for organic and plant-based hair growth supplements. This will create lucrative growth opportunities for hair growth supplement companies. Growing interest in personalized haircare is prompting companies to use advanced technologies like AI algorithms to create tailored treatments. For instance, Roots by Genetic Arts offers personalized topical hair growth solutions based on DNA analysis. Increasing popularity of DNA-based hair supplements will likely boost sales growth. Leading manufacturers of hair growth supplements are constantly innovating to stay ahead of the curve. For instance, they use marine collagen, adaptogens, and other functional ingredients in their products to woo customers. Similarly, they are strengthening their online presence to reach a wider audience. Another emerging trend in the hair growth supplements industry is the usage of sustainable packaging. Brands like Herbalife Nutrition Ltd. are transitioning toward compostable packaging for their hair wellness supplements. Also Read: Hair Care Products Market Size, Share & Trend Analysis Report (2025-2032) Analyst's View 'The global hair growth supplements industry is poised to grow rapidly, owing to increasing incidence of hair loss disorders, growing health and wellness trend, and rising popularity of novel products like softgel based hair growth supplements ,' said senior analyst Ghanshyam Shrivastava. Current Events and Their Impact on the Hair Growth Supplements Market Event Description and Impact Rising Incidence of Hair Loss Disorders Description: Cases of hair loss disorders are increasing significantly due to factors like changing lifestyles, unhealthy eating habits, and increased stress levels. Impact: More people with hair loss issues will drive demand for hair growth supplements. Rising Health Consciousness and Wellness Trends Description: There is an increased focus on personal well-being and appearance globally. Impact: Rising emphasis on improving physical appearance will likely contribute to increasing hair growth supplements market value. Advancements in Hair Growth Research and Technology Description: Companies are striving to explore new active ingredients and formulations. Impact: Development of more effective hair growth supplements will further boost the target industry. Competitor Insights Key companies in hair growth supplements market report: Viviscal L'Oréal S.A. Nature's Bounty Country Life New Chapter Hairfinity Advanced Hair Care Biotin Beauty Nutrafol Swisse Wellness Parapharmacie Parapharmanet GNC Holdings Elvanveda Foshan Dezhong Pharmaceutical Herbalife Nutrition Ltd. Tianjin Tongrentang Group Key Developments In October 2024, Force Factor collaborated with Nutrition21, LLC to launch Hair Growth Accelerator. The new supplements are designed to support hair health, thickness, and growth. In October 2024, Nature's Bounty expanded its Women's wellness portfolio with the launch of new products, including Nature's Bounty Hair Growth Gummies, Nature's Bounty Intimacy Booster, and nature's Bounty Healthy pH Balance. These new products are formulated for stimulating hair growth, enhancing sexual health, and maintain vaginal pH balance in women. Buy this Premium Hair Growth Supplements Research Report | Fast Delivery Available – [130+ Pages] @ Market Segmentation By Product Type Insights (Revenue, USD Mn, 2020 – 2032) Single Ingredient Supplements Multi Ingredient Supplements By Formulation Insights (Revenue, USD Mn, 2020 – 2032) Capsules Gummies Tablets Powders Softgels By Functionality Insights (Revenue, USD Mn, 2020 – 2032) Hair Re-growth Hair Thinning Hair Fall Dandruff By Distribution Channel Insights (Revenue, USD Mn, 2020 – 2032) Offline Hypermarkets/Supermarkets Specialty Stores Convenience Stores Departmental Stores Drug Stores & Pharmacies Health & Wellness Stores Online By End User Insights (Revenue, USD Mn, 2020 – 2032) Regional Insights (Revenue, USD Mn, 2020 – 2032) North America Latin America Brazil Argentina Mexico Rest of Latin America Europe Germany U.K. Spain France Italy Russia Rest of Europe Asia Pacific China India Japan Australia South Korea ASEAN Rest of Asia Pacific Middle East GCC Countries Israel Rest of Middle East Africa South Africa North Africa Central Africa Also Read: Professional Hair Care Market Size, Share & Growth Analysis Report (2025-2032) Our Trusted Partners: Worldwide Market Reports, Coherent MI, Stratagem Market Insights Get Recent News: About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries. For Latest Update Follow Us: LinkedIn | Facebook | Twitter Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Business Upturn
23-05-2025
- Business
- Business Upturn
Music Streaming Market is Expanding Rapidly with 17.3% CAGR by 2032, Driven by On-Demand Audio and Subscription Growth
Burlingame, CA, May 23, 2025 (GLOBE NEWSWIRE) — Coherent Market Insights published a report, titled, the global Music Streaming Market size is calculated at USD 47.06 billion in 2025 and is forecasted to reach around USD 143.89 billion by 2032, accelerating at a CAGR of 17.3% from 2025 to 2032. The rising consumption of digital music across multiple devices. The widespread adoption of smartphones, enhanced internet connectivity, and faster data networks has led an increasing number of consumers to prefer music streaming services, such as Spotify AB, Apple Inc., and Inc. (Amazon Music) over traditional media sources. Request Sample Pages: Global Music Streaming Market Key Takeaways • According to Coherent Market Insights (CMI), the global music streaming market size is expected to expand more than 3X, growing from USD 47.06 Bn in 2025 to USD 143.89 Bn by 2032. • Based on services, on-demand streaming segment is set to account for more than half of the global music streaming market share in 2025. • In terms of content, audio segment is anticipated to account for nearly 1/2 of the total revenue share in 2025. • By end user, individual segment is expected to account for around USD 26.73 Bn in 2025. • North America is anticipated to lead the global industry, accounting for revenues worth USD 20.98 Bn in 2025. This is attributable to increasing use of music streaming for social interactions and strong presence of global streaming platforms. • As per Coherent Market Insights' latest music streaming market analysis, Asia Pacific is expected to experience fastest growth, owing to rising popularity of music streaming apps and expansion of music streaming services into emerging markets like India and China. It is projected to account for more than one-third of the global music streaming market revenue share in 2025. Read Also: Media Streaming Market Size & Share Analysis – Growth Trends & Forecast (2025-2032) Growing Popularity of Digital Music Fueling Market Growth Coherent Market Insights' latest music streaming market report highlights promiment factors fueling industry growth. One such factor is the increasing consumption of digital music across various devices. The global penetration of smartphones and high-speed internet is increasing rapidly throughout the world. According to the International Telecommunication Union (ITU), about 5.5 billion people were using the internet in 2024. Thanks to high smartphone and internet penetration, more consumers are turning to music streaming platforms like Apple Music and Spotify. They are gradually moving away from traditional media sources like CDs and vinyl toward music streaming services. This rising popularity of digital music is expected to boost global music streaming market growth. Music streaming services give consumers instant access to millions of songs from the comfort of their homes. This convenience and flexibility will also play a key role in driving demand for music streaming services in the coming years. Get Up to 25% Discount on the US Tariff Impact Analysis Report: Piracy and Internet Access Issues Limiting Music Streaming Market Growth The future music streaming market outlook looks promising. However, piracy and low penetration of internet in some developing and underdeveloped regions are limiting growth of the music streaming industry to some extent. Piracy remains a key challenge for the music streaming industry, especially in nations like India. Many people still use torrent sites and unauthorized streaming apps to access music for free. This undermines legitimate revenue for digital music platforms and artists. There is also a lack of proper internet infrastructure in some low-income regions. This limits access to digital music in these regions, thereby limiting overall music streaming market demand. Rising Interest in On-Demand Music to Create Growth Opportunities Modern consumers increasingly prefer music streaming services like Spotify and Apple Music due to the flexibility and convenience they offer over traditional sources. These platforms allow users to listen to music on demand, at their convenience, and on various devices. This growing shift towards on-demand music is expected to create lucrative growth opportunities for music streaming companies. Emerging Music Streaming Market Trends Adoption of subscription-based models is emerging as a key trend driving growth in the music streaming industry. These models offer ad-free listening experiences and premium features, thereby encouraging more and more users to subscribe. Rise of local as well as regional content is another major trend in the target market. Many industry players are investing in local artists and languages to appeal to culturally diverse audiences and penetrate non-English speaking markets. Expansion of digital and cloud-based systems is revolutionizing the music sector. They are making music more readily available by fostering growth of on-demand streaming platforms. This will play a key role in increasing the overall music streaming market value. Growing trend of integrating music streaming with social media platforms like TikTok and Instagram is expected to benefit the target industry. Music streaming platforms like Spotify are collaborating with different social platforms, allowing users to share music more easily and increasing music discovery. This, in turn, helps drive streaming numbers. Rising emphasis on enhancing user experience is prompting music streaming platforms to use advanced technologies like AI and analytics in music streaming. These technologies help in personalizing recommendations, enhancing search functionalities, and optimizing playlists. Similarly, improvements in streaming technologies, including audio quality and faster loading times, are helping companies to woo more and more customers. Leading music streaming companies are constantly expanding their services in new geographies. This is expected to open new revenue generation for these companies in the coming years. Also Read: Video Streaming Market Size, Share & Trend Analysis Report (2025-2032) Analyst's View 'The global music streaming industry is poised for rapid growth, owing to increasing penetration of smartphones and high-speed internet, growing popularity of on-demand music, and rising adoption of subscription-based models,' said senior analyst Ankur Rai. 'On the other hand, piracy issues and limited internet access will likely limit market growth to some extent.' Current Events and Their Impact on the Music Streaming Market Event Description and Impact Evolving Consumer Preferences Description: There is a rapid shift towards digital and on-demand music. Impact: Growing interest in on-demand music will directly influence music streaming market growth. Technological Advancements in Audio Quality Description: Streaming Platforms are investing in high-fidelity audio and lossless streaming technologies. Impact: Enhanced audio quality is expected to improve user experience, encouraging more users to opt for premium subscriptions. Intensifying Competition Among Streaming Platforms Description: Streaming platforms are offering new services and exclusive content deals. Impact: Attractive services and deals will increase the number of subscribers. Competitor Insights Key companies in music streaming market research report: Tidal Apple, Inc. Spotify AB Pandora Media, Inc. Google LLC Tencent Music Entertainment Group iHeartMedia, Inc. Deezer SA SoundCloud Global Limited & Co. KG Key Developments In April 2025, Spotify expanded its AI Playlist in Beta to premium listeners in more than 40 new markets. This will allow users across these markets to create personalized playlists through AI-generated responses to text prompts. Spotify expanded its AI Playlist in Beta to premium listeners in more than 40 new markets. This will allow users across these markets to create personalized playlists through AI-generated responses to text prompts. In April 2025, SoundCloud expanded its services in Mexico to allow music lovers to enjoy a variety of music genres. SoundCloud expanded its services in Mexico to allow music lovers to enjoy a variety of music genres. In December 2024, Apple launched three new live global radio stations, including Apple Music Club, Apple Musica Uno, and Apple Music Chill, on Apple Music. Market Segmentation Service Insights (Revenue, USD Bn, 2020 – 2032) On-demand Streaming Live Streaming Content Insights (Revenue, USD Bn, 2020 – 2032) End-user Insights (Revenue, USD Bn, 2020 – 2032) Regional Insights (Revenue, USD Bn, 2020 – 2032) North America Latin America Brazil Argentina Mexico Rest of Latin America Europe Germany U.K. Spain France Italy Russia Rest of Europe Asia Pacific China India Japan Australia South Korea ASEAN Rest of Asia Pacific Middle East GCC Countries Israel Rest of Middle East Africa South Africa North Africa Central Africa Also Read: Global Music Tourism Market Size, Share, and Growth Analysis (2025-2032) Our Trusted Partners: Worldwide Market Reports, Coherent MI, Stratagem Market Insights Get Recent News: Read Recent Blogs: About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries. For Latest Update Follow Us: LinkedIn | Facebook | Twitter Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
23-05-2025
- Business
- Yahoo
Hair Growth Supplements Market to be Worth USD 2,581.1 Million by 2032: Coherent Market Insights
Coherent Market Insights Projects Global Hair Growth Supplements Market Size to Hit US$ 2,581.1 Mn by 2032, Expanding at 15.5% CAGR, Amid Growing Awareness of Hair Health Burlingame, CA, May 23, 2025 (GLOBE NEWSWIRE) -- The global hair growth supplements market was valued at approximately USD 940.1 million in 2025, and this figure is projected to reach around USD 2,581.1 million by 2032, expanding at a robust compound annual growth rate (CAGR) of 15.5%. The expansion of the hair growth supplements industry is largely driven by a growing preference for nutraceuticals over pharmaceuticals, due to their perceived higher safety profile. Additionally, rising awareness of the nutritional benefits provided by supplements has contributed to this shift. The increasing incidence of hair loss caused by various conditions, along with a heightened focus on maintaining healthy hair, has further boosted the demand for hair growth supplements. Request Sample Report @ Global Hair Growth Supplements Market Key Takeaways According to Coherent Market Insights (CMI), the global hair growth supplements market size is forecast to grow from USD 940.1 Mn in 2025 to USD 2,581.1 Mn by 2032. Global demand for hair growth supplements will likely increase at a robust CAGR of 15.5% throughout the assessment period. Based on product type, single ingredient supplements segment is expected to account for more than half of the global hair growth supplements market share in 2025. By formulation, capsules segment is projected to account for nearly one-fourth of the hair growth supplements market revenue share in 2025. In terms of functionality, hair regrowth segment is set to hold a prominent market share of more than 1/3 in 2025. North America is anticipated to dominate the global hair growth supplements industry, accounting for more than one-third of revenue share in 2025. As per Coherent Market Insights' latest hair growth supplements market analysis, Asia Pacific is expected to experience fastest growth during the assessment period. This can be attributed to growing health and wellness trend and increasing spending on hair supplements like vitamins. Rising emphasis on maintaining healthy hair has also fueled an adoption of hair growth supplements in the region. Also Read: Hair Loss Treatment Market Size, Share & Trend Analysis Report (2025-2032) Rising Prevalence of Hair Loss Disorders Propelling Growth Coherent Market Insights' latest hair growth supplements market research report outlines prominent factors driving industry growth. This includes increasing incidence of hair loss disorders globally. Hair loss disorders, such as androgenetic alopecia (AGA) and alopecia areata (AA) are becoming more prevalent globally. According to an article published by the American Academy of Dermatology (AAD), alopecia areata affects around 2% of the global population. This high disease burden is expected to boost growth of the hair growth supplements market. Hair growth supplements are gaining immense traction among individuals with hair loss issues. They have the tendency to help reduce hair fall and support growth of hair follicles. Thus, higher the cases of hair loss, greater will be demand for hair growth supplements. Side Effects and Availability of Alternative Therapies Limiting Market Growth The future hair growth supplements market outlook looks optimistic. However, factors like high cost of premium products and availability of alternative treatments are expected to limit market growth to some extent. Many hair growth supplements come with a heavy price tag. This limits their affordability and accessibility for a larger customer base, especially in low- and high-income regions. Availability of alternative hair loss treatments like PRPs, topical solutions, and hair transplants is also limiting the overall hair growth supplements market demand. Request a Customized Copy of the Report @ Growing Awareness of Hair Health Creating Growth Prospects for Players People across the world are becoming increasingly aware of the importance of maintaining healthy hair, mainly due to rising concerns about hair thinning and hair loss. This growing awareness is creating high demand for hair growth supplements. Modern consumers seek natural and scientifically backed solutions. This is expected to offer promising opportunities for hair growth supplement manufacturers and suppliers during the assessment period. Increasing geriatric population will also play a key role in boosting the hair growth supplements market growth. Aging often leads to hair thinning, prompting older consumers to seek non-invasive solutions like hair supplements. Emerging Hair Growth Supplements Market Trends Evolving beauty trends are acting as a catalyst for the growth of hair growth supplements market. Personal grooming and aesthetics are taking central stage in the modern world. More and more individuals are turning to hair growth supplements as a convenient and affordable way to address thinning hair and baldness. Social media is having a profound impact on the hair growth supplements industry. Leading wellness brands, celebrities, and influencers are increasingly promoting hair supplements on platforms like TikTok and Instagram. This growing visibility is increasing consumer interest as well as contributing to higher sales of hair growth supplements. Rising interest in preventive healthcare is significantly boosting hair growth supplements industry. Consumers are opting for hair supplements not only to address hair loss, but also as a proactive measure to maintain healthy hair as well as prevent future damage. There is also an increasing consumer preference for organic and plant-based hair growth supplements. This will create lucrative growth opportunities for hair growth supplement companies. Growing interest in personalized haircare is prompting companies to use advanced technologies like AI algorithms to create tailored treatments. For instance, Roots by Genetic Arts offers personalized topical hair growth solutions based on DNA analysis. Increasing popularity of DNA-based hair supplements will likely boost sales growth. Leading manufacturers of hair growth supplements are constantly innovating to stay ahead of the curve. For instance, they use marine collagen, adaptogens, and other functional ingredients in their products to woo customers. Similarly, they are strengthening their online presence to reach a wider audience. Another emerging trend in the hair growth supplements industry is the usage of sustainable packaging. Brands like Herbalife Nutrition Ltd. are transitioning toward compostable packaging for their hair wellness supplements. Also Read: Hair Care Products Market Size, Share & Trend Analysis Report (2025-2032) Analyst's View said senior analyst Ghanshyam Shrivastava. Current Events and Their Impact on the Hair Growth Supplements Market Event Description and Impact Rising Incidence of Hair Loss Disorders Description: Cases of hair loss disorders are increasing significantly due to factors like changing lifestyles, unhealthy eating habits, and increased stress levels. Impact: More people with hair loss issues will drive demand for hair growth supplements. Rising Health Consciousness and Wellness Trends Description: There is an increased focus on personal well-being and appearance globally. Impact: Rising emphasis on improving physical appearance will likely contribute to increasing hair growth supplements market value. Advancements in Hair Growth Research and Technology Description: Companies are striving to explore new active ingredients and formulations. Impact: Development of more effective hair growth supplements will further boost the target industry. Competitor Insights Key companies in hair growth supplements market report: Viviscal L'Oréal S.A. Nature's Bounty Country Life New Chapter Hairfinity Advanced Hair Care Biotin Beauty Nutrafol Swisse Wellness Parapharmacie Parapharmanet GNC Holdings Elvanveda Foshan Dezhong Pharmaceutical Herbalife Nutrition Ltd. Tianjin Tongrentang Group Key Developments In October 2024, Force Factor collaborated with Nutrition21, LLC to launch Hair Growth Accelerator. The new supplements are designed to support hair health, thickness, and growth. In October 2024, Nature's Bounty expanded its Women's wellness portfolio with the launch of new products, including Nature's Bounty Hair Growth Gummies, Nature's Bounty Intimacy Booster, and nature's Bounty Healthy pH Balance. These new products are formulated for stimulating hair growth, enhancing sexual health, and maintain vaginal pH balance in women. Buy this Premium Hair Growth Supplements Research Report | Fast Delivery Available - [130+ Pages] @ Market Segmentation By Product Type Insights (Revenue, USD Mn, 2020 - 2032) Single Ingredient Supplements Multi Ingredient Supplements By Formulation Insights (Revenue, USD Mn, 2020 - 2032) Capsules Gummies Tablets Powders Softgels By Functionality Insights (Revenue, USD Mn, 2020 - 2032) Hair Re-growth Hair Thinning Hair Fall Dandruff By Distribution Channel Insights (Revenue, USD Mn, 2020 - 2032) Offline Hypermarkets/Supermarkets Specialty Stores Convenience Stores Departmental Stores Drug Stores & Pharmacies Health & Wellness Stores Online E-commerce Others By End User Insights (Revenue, USD Mn, 2020 - 2032) Men Women Children Regional Insights (Revenue, USD Mn, 2020 - 2032) North America U.S. Canada Latin America Brazil Argentina Mexico Rest of Latin America Europe Germany U.K. Spain France Italy Russia Rest of Europe Asia Pacific China India Japan Australia South Korea ASEAN Rest of Asia Pacific Middle East GCC Countries Israel Rest of Middle East Africa South Africa North Africa Central Africa Also Read: Professional Hair Care Market Size, Share & Growth Analysis Report (2025-2032) Our Trusted Partners:Worldwide Market Reports, Coherent MI, Stratagem Market Insights Get Recent News: About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. 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