Albany, NY -- (SBWIRE) -- 11/05/2018 -- The global down and feather market is expected to reach a value of US$ 8,236.0 Mn by 2026. The market is projected to expand at a CAGR of 7.0% in terms of value during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). Down and feather are the by-products obtained from slaughtering of duck and goose for consumption.
The growth in consumption of duck and goose has led tothe availability of down and feather across the globe. These by-products are processed to meet the demand from various end users. The primary processing of down and feather may vary based on the application of the end product. Based on origin, the duck segment is anticipated to expand at a CAGR of 7.2% during the forecast period from 2018 to 2026.
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Factors such as growth in consumer preference for natural products, availability of end products at lower price, and rising demand for furnishing products from the residential and commercial sector are driving the growth of the down and feather market. However, increase in poultry diseases such as H5N8 bird flu virus, H5N9 avian flu, duck plague, aflatoxicosis, parasitic diseases, and goose parvovirus, and stringent laws and regulations while obtaining down and feather from poultry birds are major restraints for the down and feather market.
Investing in the online distribution channel, reusing of down and feather by recycling to meet consumer demand, and modification of down and feather in primary processing as per requirement of end use application are the opportunities in the market. Nevertheless, it also faces threats from regulatory bodies implementing stringent laws and regulation in terms of quality aspects. Additionally, growth in innovation and technology related to synthetic products as a substitute for down and feather would hamper the business.
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The global down and feather market report offers detailed segmentation based on origin, product type, distribution channel, and region. According to the report, based on origin, the duck segment is anticipated to expand ata CAGR of 7.2% during the forecast period from 2018 to 2026 owing to high consumption of duck across the globe. The most commonly used products by end-users in the global market are bedding, comforters, pillows, and apparel. Comforters was the largest segment of the down and feather market in terms of value in 2017.