The global market for down and feather is extremely attractive and has been gaining momentum in the recent past. The mounting demand for products of down and feather across the globe, mainly in emerging economies, is anticipated to drive the growth of the market. A significant upsurge in the purchasing power of consumers, proliferating urban population, shifting attitudes of consumers towards comfort and luxury items, and varied lifestyle habits are parameters that are likely to have an influential impact on the demand for feathers and down from the home furnishing and apparel industry. Due to the significant rise in the number of seven and five star hotels, the sales of luxury and premium home furnishings are accelerating substantially in Europe, North America, and the Middle East and Africa.
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The global market for down and feather is expected to expand at a 6.7% CAGR from 2016 to 2024. The market is projected to be worth US$8.7 bn by the end of 2024 from a valuation of US$4.9 bn in 2015.
Down Products to Gain Prominence
Based on type, the market is bifurcated into feather and down. At present, the market is being dominated by the down segment owing to the abundance of its products and the natural ability of insulation in them. It is basically used in beddings, pillows, apparels, and comforters and the also presents lucrative investment opportunities to the players in the market. In order to survive the extreme weather circumstances in Europe and North America, the demand for down products is extremely high in these regions.
In terms of origin, the market is classified into goose and duck. The duck segment is anticipated to rise at a 5% CAGR owing to its high consumption across several sectors. However, goose feather and down is basically used in high quality beddings and its demand is reasonably high in North America and Europe.
Asia Pacific to Lead Market Backed by Extreme Urbanization
Currently, the global down and feather market is being by Asia Pacific closely trailed by North America and Europe in the exact order in terms of consumption. In terms of volume, Asia Pacific accounted for a share of over 30% in 2015 owing to the surging urbanization and a subsequent rise in consumer expenditure. The rise in the consumer purchasing power, especially in developing countries, has triggered the demand for comforters and luxury clothing, thus benefitting the market in return. However, the U.S. in 2015, was the leading manufacturer of down and feathers, trailed by China.
At present, North America holds a sizeable share in the global down and feathers market owing to the immense progress of the bedding and comforter segment. Due to rising household income, Europe is also expected to emerge as a leading market.
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The leading participants in the global market for down and feathers are Treude & Metz GmbH & Co. KG, Karl Sluka, Rhode, Peter Kohl, OBB Oberbadische Bettfedernfabrik GmbH, Heinrich Hassling GmbH & Co., United Feather & Down, Inc., Down Decor, Down Inc., Feather Industries, and Allied Feather & Down.