Daily Products Market To Reflect Growth Potential With A Highest CAGR Of 8.2% By 2032

(MENAFN- EIN Presswire) The daily products market was valued at $1.5 trillion in 2022, and is estimated to reach $3320.7 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032.

By product type, the personal care processing segment was the highest revenue contributor to the market in 2021, and is expected to grow at a significant CAGR during the forecast period.” - Allied Market Research

WILMINGTON, DELAWARE , UNITED STATES, August 2, 2024 /EINPresswire / -- The Daily Products industry, a diverse sector spanning consumables like food, beverages, personal care goods, and household necessities, has witnessed remarkable expansion in recent years. This upward trajectory can be attributed to several pivotal growth catalysts. Firstly, the surge in urbanization and evolving consumer lifestyles has fostered an increasing demand for accessible and convenient daily products. The proliferation of e-commerce and online retail platforms has further propelled Daily Products Market Growth by affording consumers seamless access to an extensive product spectrum.

According to a new report published by Allied Market Research, titled,“Daily Products Market," The daily products market size was valued at $1.5 trillion in 2022, and is estimated to reach $3320.7 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032.

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The daily products market analysis is segmented on the basis of product type, distribution channel, and region. On the basis of product type, the market is classified into personal care, household cleaning supplies, home care and maintenance, health and wellness products, office and stationery supplies, baby and childcare products, and pet supplies. On the basis of distribution channel, the market is classified into supermarkets and hypermarkets, drugstores and pharmacies, department stores, online grocery stores, discount stores, dollar stores, convenience stores, direct-to-consumer (D2C), and others. On the basis of region, it is analyzed across North America (the U.S., Canada, Mexico), Europe (France, Germany, Italy, Spain, the UK, Switzerland, Sweden, Denmark, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Argentina, and rest of LAMEA).

On the basis of product type, the market is classified into personal care, household cleaning supplies, home care and maintenance, health and wellness products, office and stationery supplies, baby and childcare products, and pet supplies. The personal care segment accounted for a major share in the daily products market in 2022 and is expected to grow at a significant CAGR during the forecast period.

On the basis of distribution channel, the market is classified into supermarkets and hypermarkets, drugstores and pharmacies, department stores, online grocery stores, discount stores, dollar stores, convenience stores, direct-to-consumer (D2C), and others. The supermarket and hypermarket segment accounted for a major Daily Products Market Share in 2022 and is expected to grow at a significant CAGR during the forecast period.

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KEY FINDINGS OF THE STUDY
By product type, the personal care processing segment was the highest revenue contributor to the market in 2021, and is expected to grow at a significant CAGR during the forecast period.
By source, the supermarkets and hypermarkets segment was the highest revenue contributor to the market in 2021, and is expected to grow at a significant CAGR during the forecast period.
By Region, the Asia-Pacific region was the highest revenue contributor to the market in 2021, and is expected to grow at a significant CAGR during the forecast period.

Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the daily products market analysis from 2022 to 2032 to identify the prevailing daily products market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the daily products market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global daily products market trends, key players, market segments, application areas, and Daily Products Market Growth strategies.

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David Correa
Allied Market Research
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