5 months ago

Online Clothing Rental Market


REPORT DESCRIPTION Online Clothing Rental Market Outlook: North America dominated the online clothing rental market in 2017, followed by Europe and both are expected to retain market dominance over the forecast period. The U.S, Canada, Germany, France, and Italy are the major economies contributing to the growth of online clothing rental market. Traditions such as celebration of Halloween and parties, and events that require a specific outfit for one time usage are some of the key factors driving the demand for online clothing rental in these economies. Companies operating in this industry are engaged in extensive marketing and promotional activities to attain an edge over its competitors. For instance, in October 2017, Rent the Runway announced a low price membership called RTR Update, where the buyers get to rent four pieces of clothing from the company for a month. At the end of every month, subscribers can select four new items after returning their older clothes. The subscription costs around US$ 89 for a month and includes services such as shipping, dry cleaning, and insurance. Asia Pacific is the fastest growing market region for online clothing rental and is expected to exhibit the same trend during the forecast period. India, China, and Japan are the major economies of this region fueling growth of the online clothing rental market. © Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Based on source type, organic baby food is expected to record fastest growth, witnessing highest CAGR during the forecast period. This is majorly due to the increasing demand among parents to offer adequate and best nutrition for the babies. The organic baby food is gaining popularity worldwide, as parents are becoming more concerned about the harmful chemicals present in the inorganic baby foods, in the form of artificial colors, sweeteners, flavors, pesticides and fertilizers. Based on distribution channel, the market is segmented into hypermarkets, supermarkets, drugstores, online channel, specialty stores and others. Supermarket, contributed the largest share in the global baby food market in 2016. However, the online channel is supposed to grow rapidly during the forecast period, owing to the technological advancements and increasing internet penetration in emerging economies. In 2016, Asia Pacific dominated the baby food market in terms of revenue and accounted for a share of 37.66%, with China, India, New Zealand, Japan, Australia and Indonesia being the major contributor for baby food market growth in Asia Pacific. Request sample Copy of this Report: © Coherent market Insights. All Rights Reserved

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