In today’s digital era, the rise in e-commerce platforms and digital marketplaces has driven the growth of the consumer goods domain in 2024. Furthermore, a rise in awareness among consumers about the emerging environmental concerns has fueled the development of sustainable products which has helped the sector expand exponentially in 2024. Recently, Allied Market Research has released a comprehensive report on the top 10 published studies in 2024. This newsletter includes the best performing markets in the consumer goods sector that have played an important role in the domain’s growth. AMR has highlighted ten industries based on scientific analytical tools such as Porter’s five forces and SWOT analysis to help businesses make informed investment decisions.

Events Industry Market

The AMR report on the events industry market sheds light into the present and projected revenue numbers and CAGRs. The study also features an extensive market research, sophisticated data analytics, and collaborations with industry professionals the enable companies to give reliable, forward-looking insights that support clients in making wise decisions and boosting growth.

Professional Hair Care Market

The professional hair care market report by AMR includes important trends including sustainability, technology development, and changing consumer preferences. The study enables leading brands to offer individualized products, use eco-friendly ingredients, and adopt modern technologies, helping them achieve competitive advantage.

As per AMR analysis, increase in knowledge and preference for high-end hair care products that offer certain advantages such as scalp health, color protection, and damage repair has influenced the market growth remarkably. The industry is predicted to garner a revenue of $57.5 billion by 2033, rising at a CAGR of 5.3% from 2024 to 2033. In addition, the surge in demand for clean beauty products among customers and rapid technological developments to launch novel formulations using natural and organic ingredients are expected to amplify the growth of the market in the forthcoming years.

Corporate Events Market

The report published by Allied Market Research on corporate events market provides a detailed overview of the changing dynamics of the market that enable companies in this sector to obtain a competitive edge. This study allows industry leaders to use research data to enhance event formats, refine client targeting, boost participation through digital tools, and predict market trends.

Music Event Market

The music event market report by AMR highlights insights into the competitive advantages and market positioning of leading players in the domain by utilizing highly advanced tools such as SWOT analysis. This information helps businesses to make well-informed strategic decisions, optimize resource allocation, and enhance their overall marketing strategies.

According to the report, the market was valued at $255.6 billion in 2019 and is predicted to reach a revenue of $481.4 billion by 2031, exhibiting a CAGR of 9.7% from 2022 to 2031. The increase in demand for music events among the youth population across the globe is one of the important factors that has amplified the growth of the industry. Moreover, increasing investments in music event organizers by various personal care and cosmetics brands to create brand awareness and brand visibility is predicted to bring wider opportunities for the industry in the coming period.

Sports Training Market

The market report published by AMR on sports training sheds light into the competitive dynamics within the industry using Poter’s Five Forces model. This analysis helps businesses identify strategic opportunities and threats, aiding informed decision-making and enhancing competitive positioning within the industry.

Fitness Equipment Market

A recently published report on the fitness equipment market by AMR provides a thorough analysis of various aspects of the industry with cutting-edge market research tools such as PESTEL analysis. This tool offers a holistic view of external influences, helping businesses identify opportunities and threats in their macro-environment, which is essential for strategic planning.

According to the study, the industry has experienced prominent growth due to a lot of factors including rise in awareness of health & fitness, several government initiatives to boost healthy lifestyle, increase in obese population, and growth in youth population. The market is estimated to reach $18.4 billion by 2033 with a CAGR of 3.02% from 2024 to 2033. Furthermore, increasing fitness and wellness trends at the working place of employees is anticipated to propel the industry growth significantly.

Photo Market

Allied Market Research delivers a report on the photo market which includes key research findings, enabling businesses to gain competitive advantage. This information helps industry leaders to identify emerging trends, improve their product lines, and increase interaction with customers. These data-driven findings also help them make strategic alliances, carry innovations, and enhance customer experience.

Photo as a Service Market

The AMR report on the photo as a service market highlights the changing dynamics of the market, showcasing key drivers, emerging opportunities and restraints. These sets of information help leading companies in the domain make data-driven strategic decisions for long-term growth by having a solid understanding of market dynamics.

According to the study, the industry is projected to rise at a CAGR of 4.5% from 2023 to 2032, generating a revenue of $74.2 billion by 2032. The rise in the demand for high-quality visual content has propelled the growth of the market. In addition, the exponential rise in the demand for commercial and e-commerce photography across industries including retail, fashion, and food is anticipated to fuel the growth of the industry in the forthcoming years.

Lab Grown Diamonds Market

The lab grown diamonds market by AMR includes an analysis of various factors, organizations can make better-informed decisions regarding market entry, product development, and risk management. In addition, these insights allow companies to stay responsive to changing external conditions, enabling them to make strategies proactively.

As per the study, the industry has witnessed notable growth due to the cost-effectiveness of these diamonds, providing consumers a better alternative to natural diamonds at lower production costs. The market accounted for $24.0 billion in 2022 and is expected to manifest a CAGR of 9.6% from 2023 to 2032. In addition, customizable design options and an increase in the number of consumers valuing ethical and sustainable choices is expected to create lucrative opportunities for the industry.

The MICE industry has experienced notable growth because of the rise in business activities such as client meetings, employee training activities, brand promotions, and many more. Moreover, continuous technological advancements and infrastructural developments are expected to create wide growth opportunities for the industry in the coming years. The market is anticipated to rise at a CAGR 11.6% from 2023 to 2032, garnering a revenue of $2,309.4 billion by 2032.

In a nutshell

The increasing trend of innovating eco-friendly products and practices owing to the rising number of environmental-conscious consumers has been the major factor behind the growth of the consumer goods sector in 2024. Moreover, the newsletter presented by AMR on the top 10 published studies highlights certain markets such as events industry, sports event, and corporate events that have played a key role in the substantial growth of the sector in 2024.

To get more insights into the upcoming trends and advancements in the consumer goods domain, feel free to talk to our industry analysts to today!