Fanny Packs Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Fanny pack, also known as waist bag, is a small fabric pouch worn like a belt around the waist by a use of a strap above the hips that is secured usually with some sort of buckle. The straps sometimes have tri-glide slides, making them adjustable in order to fit properly. It can be considered as a purse worn around the waist.

MARKET DYNAMICS

Along with the availability and simplicity, the increasing trends of e- commerce, smartphones and mobile internet is boosting the growth of fanny packs as customers can now differentiate and purchase different types of fanny packs through online retails by just a touch of button. Also due to increase in the tourism industry, the sale of fanny packs has also boost the growth of the fanny packs market.

MARKET SCOPE

The "Global Fanny Packs Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the fanny packs market with detailed market segmentation by category and distribution channel. The global fanny packs market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fanny packs market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The fanny packs market is segmented into category, and distribution channel. By category, the fanny packs market is bifurcated into men and women. By distribution channel, the fanny packs market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the fanny packs market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The fanny packs market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the fanny packs market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the fanny packs market in these regions.

MARKET PLAYERS

The report covers vital developments in the fanny packs market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the fanny packs market are anticipated to lucrative growth opportunities in the future with the rising demand for fanny packs in the global market. Below mentioned is the list of few companies engaged in the fanny packs market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fanny packs market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•  JanSport
  
•  Patagonia, Inc.
  
•  Dakine
  
•  Waterfly
  
•  Adidas
  
•  Titan Company Limited
  
•  Nike, Inc.
  
•  Boardriders
  
•  Travelon
  
•  Eagle Creek
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Fanny Packs Report Scope