In a recent published report, Kenneth Research has updated the market report for Millet Pillow Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Millet Pillow Market products.
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As the name suggests, millet pillow is filled with millet and gives very comfortable support just like a fine bean bag. These bags permit proper air circulation which allow it to remain cool in summer and warm in winter. These pillows never create irritation as millet is lightweight, silky and smooth. Millet pillows are known for easily adopting body contour and thus cater comfort to body. With the increase in neck pain, and healthcare spending the market is anticipated to pick the pace in the near future. Currently many people are experiencing neck pain. Our neck is connected with muscles, spine and nerves. Prolonged neck pain may result in pain in shoulders, arms and head.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
There are ample number of patients who are suffering from some kind of pain. Cervical pain is also very common among people. It is caused because of improper posture, tension in neck, excessive use of gadgets and taking uncomfortable pillow while sleeping.
Market by Pillow Design
As far as pillow design is concerned the market is divided into cylindrical and contour. Contour designs are considered as best for reducing cervical pain and it also gives relief to head, back and shoulder.
By application the market is segmented into Orthopedic, Yoga, Travel, Bed and others. Orthopedic pillows correct body position, it helps sleeper to give rest to desired body part. Millet travel pillow provides good comfort while travelling as it can give desired relief to neck and knee. This pillow accommodate each of body curve.
North America captured the market in 2016 and this is because of long working hours, use of electronic gadgets and more stress on neck.
Asia Pacific is expected to dominate the market in near future and this is because of rise in demand of quality healthcare services and to meet the demand of growing population. All these factors will increase the demand of millet pillow in this region.
Key Vendor Takeaway
Some of the prominent players of the market are Mediflow, Custom Craftworks, Coop Home Goods, Snuggle Pedic, etc. To survive in this cut-throat competition, these key players are adopting various strategies like attractive service contracts and customized product offerings. For example scented millet pillow are manufactured by Malouf which are based on aromatherapy for increasing its effectiveness. Also Innovations Inc. Joined hands with Flexible Foam Products and came up with new organization Innocor in order to increase their product portfolio and enhance product quality.
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The market size and forecast for each segment and sub-segments has been considered as below:
• Historical Year – 2014 & 2016
• Base Year – 2017
• Estimated Year – 2018
• Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies and Research Organizations
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PILLOW DESIGN
MARKET, BY APPLICATION
MARKET, BY REGION
o Rest of Europe
o Rest of APAC
Rest of the World
o Middle East and Africa
o Latin America
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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