The following companies as the key players in the global disposable slippers market: Appearus Products, Haon Group, and Nicely Neat.

 

Other Prominent Vendors in the market are: Huini USA Beauty, IBI Beauty, Kolunhome&Jasmine, Mediblue Health Care, and Universal Textiles.

 

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Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advent of the wellness tourism industry. The growing consciousness among consumers about their health and wellness is one of the growth drivers of the global spa equipment market, including the disposable slippers market. Wellness tourism encourages people to travel to different countries with the purpose of stimulating health and well-being through physical, spiritual, and psychological activities. Global lifestyles changes and advanced health trends are drawing attention on the impact of the wellness industry on improving life, on enhancing businesses’ bottom lines, and reducing health-care costs.”

 

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According to the report, one of the major drivers for this market is Adoption of multiple marketing and promotional strategies by key competitors. Launching advertising campaigns is an age-old marketing strategy adopted by well-established sports-equipment manufacturers. In general, the most common purchase behavior exhibited by consumers is the preference for celebrity-endorsed products or services. Key competitors, therefore, use celebrity endorsements as one of their primary marketing tools.

 

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Further, the report states that one of the major factors hindering the growth of this market is Prominence of counterfeit products in the market. The easy availability of a number of counterfeit products is expected to hinder the market's growth during the forecast period. The presence of a number of counterfeit products leads to market fragmentation. Market fragmentation eventually results in a lack of price standardization, an uneven competitive scenario, and market share erosion. To gain a competitive advantage over international brands, counterfeit products are priced at much lower rates than branded products. They, however, lack quality and durability. Counterfeit products are preferred by low-income customers as they are affordable. This might prevent key competitors to achieve optimal market penetration and will likely result in inventory backlogs in their supply chains.

 

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

 

About Alcoholic Drinks

 

Alcohol beverages can be classified into five product categories: beer, wine, spirits, cider, and ready-to-drink (RTD) pre-mixes. RTD pre-mixes have the least percent of alcohol, in terms of volume, than all other alcoholic drinks. In terms of volume, the consumption of beer is the highest among all other alcoholic drinks. Beer is prepared using a mixture of barley and wheat, and sprouted and roasted into malt. After this, it is cooked, fermented, and finally, flavored with hops.

 

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