CLEVELAND, May 18, 2017 /PRNewswire/ -- US demand for natural and artificial Christmas trees is forecast to drop slightly to $2.0 billion in 2021, according to Christmas Trees: United States, a report recently released by Freedonia Focus Reports. Slower growth is expected in real (inflation-adjusted) disposable personal income relative to 2013-2016, a cyclical macroeconomic factor, reducing consumer willingness to spend on Christmas trees. Declines to 2021 will also result from ongoing decreases in the number of Christian-affiliated adults aged 45-to-54 years. Furthermore, the aging of the baby boom generation will shift the product mix toward the smaller, less expensive units preferred by the 65 and older age group. Nevertheless, demand will remain supported by growth in household formation, particularly in the 25-to-44-year-old range.
These and other key insights are featured in Christmas Trees: United States. This report forecasts US Christmas tree demand in units and US dollars at the retailers' level to 2021. Total demand is segmented by product in terms of:
To illustrate historical trends, total demand, the various segments, and trade are provided in annual series from 2006 to 2016.
Furthermore, this report features results and analysis of a national consumer survey conducted by Freedonia Focus Reports between the months of February and March 2017. The survey pertains to the Holiday/Winter 2016 season.
More information about the report is available at https://www.freedoniafocusreports.com/Christmas-Trees-United-States-10829520/
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at www.freedoniafocusreports.com or www.marketresearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
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SOURCE The Freedonia Group