PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1404006
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1404006
The global duvet market is set for substantial growth over the forecast period. By the end of 2031, the market is expected to reach an impressive US$ 2.48 billion, a significant increase from its current valuation of US$ 1.94 billion.
One of the primary drivers of duvet sales is the rapid expansion of the global hospitality sector. The increasing interest in the service industry, especially in emerging countries, has led to the proliferation of hotels and resorts. Moreover, these establishments are focusing on attracting guests with high demands for premium and luxurious products and services.
As tourism continues to flourish in developing economies, there is a rising trend of opening new hotels in diverse locations to cater to the needs of potential travelers. This surge in hotel development is expected to boost the demand for bedding products, including duvets.
Duvets, typically made from soft materials like down or feathers, have seen a shift towards more sustainable production methods. Governments and local authorities worldwide are increasingly dedicated to protecting animals and preventing the use of animal-based filling materials in duvet production. Consequently, manufacturers are opting for processed and synthetic materials over natural feathers and fur.
In addition to sustainability, consumers are gravitating towards duvets with creative designs, textures, patterns, and colors, which are expected to contribute to market expansion.
Duvet manufacturers are employing various strategies to expand their presence in lucrative markets. These strategies encompass product launches, collaborations, partnerships, acquisitions, and the strengthening of distribution networks. Key market players are actively engaging with local players through joint ventures, emphasizing high-quality products and services.
Down Filling
Feather Filling
Silk
Wool
Others
Polyester
Others
Hotels
Hospitals
Others