Down and Feather Market: Snapshot
The global down and feather market is highly attractive and has been gaining significant momentum over the recent past. The increasing demand for down and feather products all over the world, especially from emerging economies, is expected to drive the market. A rise in consumer purchasing power, a growing urban population, changing consumer attitudes toward luxury and comfort, and altering lifestyle habits are some of the parameters likely to influence the demand for down and feathers from the apparel and home furnishing industry. Premium and luxury home furnishing products are increasingly popular in the Middle East and Africa, North America, and
Europe as they are used mainly in five-star and seven-star hotels.
The global down and feather market was valued at US$4.9 bn in 2015 and is projected to reach US$8.7 bn by 2024, expanding at a CAGR of 6.7% therein.
Increasing Demand for Premium and Luxury Products Spurs Growth
By type, the market is broadly bifurcated into down and feather. The down segment dominates the market due to its easy availability and natural insulating ability. It is primarily employed in comforters and apparels, pillows, and beddings and the segment presents attractive investment options for vendors. Down products are largely used in North America and Europe to withstand the extreme weather conditions in these regions. This trend is expected to continue during the forecast period.
The down and feathers market has been segmented on the basis of origin into duck and goose. In terms of volume, duck is anticipated to be a rapidly growing origin segment during the forecast period, expanding at a CAGR of 5% during the forecast period. Goose down and feather is mostly used in premium quality beddings and the demand for the same is comparatively higher in Europe and North America.
In terms of product, the market has been divided into pillows, comforters, bedding, and apparel. The comforters segment accounted for more than 30% of the global demand in 2015.
Rise in Urbanization Behind Growing Demand for Down and Feather Products in APAC
Asia Pacific leads the global down and feathers market, closely followed by North America and Europe. The U.S. was the leading producer of down and feathers in 2015, followed by China. This can be attributed to the rising consumption of down products in these countries, driven by the increasing spending power of the population.
In terms of volume, Asia Pacific was the dominant region in the down and feathers market, accounting for a share of more than 30% in 2015. The rise in urbanization and the increase in consumer spending power are projected to drive the down and feathers market in Asia Pacific during the forecast period. The rise in purchasing power of the people, particularly in developing economies, has resulted in the greater demand for luxury clothing and comforters, which has benefited the down and feathers market.
North America accounts for a prominent share in the down and feathers market and the trend is expected to continue due to immense growth in the comforter and bedding segment. Europe is also expected to be a promising market for down and feather products during the forecast period due to the increase in household income. The down and feathers markets in the Middle East and Africa as well as Latin America are likely to witness significant growth during the forecast period.
Key players in the down and feather market include Allied Feather & Down, Feather Industries, Down Decor, Down Inc., United Feather & Down, Inc., Heinrich Hassling GmbH & Co., OBB Oberbadische Bettfedernfabrik GmbH, Peter Kohl, Rhode, Karl Sluka, and Treude & Metz GmbH & Co. KG.
Down and Feather Market: Scope of the Study
This report analyzes and forecasts the market for down and feather at the global and regional level. The market has been forecast based on volume (tons) and revenue (US$ Mn) from 2016 to 2024. The study includes drivers and restraints of the global down and feather market. It also covers the impact of these drivers and restraints on demand for down and feather during the forecast period. The report also highlights opportunities in the down and feather market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global down and feather market. Porter’s Five Forces model for the down and feather market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global down and feather market by segmenting it in terms of type, origin, and product. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for down and feather in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.
The report provides the estimated market size of down and feather for 2015 and forecast for the next nine years. The global market size of down and feather has been provided in terms of volume and revenue. Market numbers have been estimated based on key type, origin, and product segments of down and feather. Market size and forecast for each major type, origin, and product have been provided in terms of global and regional markets.
Down and Feather Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, International Down and Feather Bureau (IDFB), American Down and Feather Council (ADFC), International Down and Feather Laboratory (IDFL), European Down and Feather Association (EDFA), China Feather and Down Industrial Association (CFDIA), The Down Association of Canada (Downmark), Swiss Bedding Manufacturer’s Association (VSB), and Home Fashion Products Association (HFPA).
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Down and Feather Market: Competitive Landscape
The study includes profiles of major companies operating in the global down and feather market. Key players profiled in the report include Down and Feather market include Allied Feather & Down, Feather Industries, Down Décor, Down Inc., United Feather & Down, Inc., Heinrich Hassling GmbH & Co., OBB Oberbadische Bettfedernfabrik GmbH, Peter Kohl, Rhode, Karl Sluka, Treude & Metz GmbH & Co. KG, and other. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.
The report segments the global down and feather market as follows:
Down and Feather Market: Type Analysis
Down and Feather Market: Origin Analysis
Down and Feather Market: Product Analysis
Down and Feather Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA