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Latex Mattress Market Demand, Evolving Trends, Future Perspectives, Size, Share And ForecastTo2033
Latex Mattress Market Demand
According to The Business Research Company's, The latex mattress market size has grown strongly in recent years. It will grow from $9.66 billion in 2023 to $10.47 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growing awareness of the benefits of natural and eco-friendly materials, increased focus on health and wellness, rise of the bed-in-a-box trend, shift towards sustainable and environmentally friendly manufacturing practices, expansion of e-commerce platforms.
The latex mattress market size is expected to see strong growth in the next few years. It will grow to $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to demographic shifts towards aging populations, rising concerns about indoor air quality, growing interest in luxury bedding products, adoption of omnichannel retail strategies by mattress manufacturers, increasing consumer interest in customizable sleep solutions. Major trends in the forecast period include increasing demand for organic and sustainable materials, customization and personalization, rise of online mattress retailers, health and wellness focus, integration of technology.
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Market Drivers and Trends:
The increase in sleep-related problems is expected to propel the latex mattress market going forward. Sleep-related issues refer to a range of difficulties and disorders that affect a person's ability to obtain restful and adequate sleep. Modern lifestyles often involve irregular sleep patterns, long working hours, and increased screen time, disrupting natural sleep-wake cycles and contributing to sleep problems. Latex mattresses offer support and comfort, providing adequate spinal alignment and support for proper sleep posture. This can benefit individuals with back pain, sciatica, or other musculoskeletal issues affecting sleep quality. For instance, In Jan 2024, according to the National Council on Aging, a US-based nonprofit advocacy and service organization that focuses on improving the lives of millions of older adults, a significant percentage of adults experienced insufficient sleep, with a 38.3% to 38.6% prevalence in the 18-44 and 45-64 age groups, and a 28.1% prevalence in those aged 65 and older. Additionally, in 2021, according to Medscape, a US-based television studio, young adults aged 35-44 got the least sleep, with almost 50% only getting 5-6 hours per night and only 33% getting the recommended 7-8 hours. Therefore, the increase in sleep-related problems is driving the growth of the latex mattress market.
Major companies operating in the latex mattress market are developing organic latex mattresses to provide a better sleeping solution. Organic latex mattresses are made from natural latex derived from rubber trees, typically without synthetic materials or harmful chemicals in the manufacturing process. For instance, in April 2024, Essentia Organic Mattress, a US-based health and wellness company, launched the Grateful Eight Organic Latex Mattress. This eco-luxury mattress is handcrafted with certified organic materials in Essentia's GOLS & GOTS-certified organic factory. Engineered with a unique blend of organic latex foam, it offers a medium feel ideal for support, contouring, and resilience. With a chemical-free, hypoallergenic design, the Grateful Eight ensures a healthier sleep environment without compromising comfort.
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Major Key Players of the Market:
Tempur Sealy International Inc., Sleep Number Corporation, Simmons Bedding Company LLC, Purple Innovation Inc., Saatva Inc., Tuft & Needle LLC, Nectar Sleep, Latexco, Spring Air International, Kinsdown, Naturepedic, Plush Beds, Avocado Mattress LLC, Brooklyn Bedding, Royal-Pedic Mattress Manufacturing LLC, Xianghe Kaneman Furniture Limited, Essentia, Helix Sleep Inc., Foshan Golden Furniture Co. Ltd., Snoozer Bedding Limited, Sleep On Latex Company, Urban Mattress, Spindle Mattress Company, Dreamfoam Bedding Company, Organic Mattress Inc
Latex Mattress Market 2024 Key Insights:
• The latex mattress market size is expected to see strong growth in the next few years. It will grow to $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Rising Sleep-Related Concerns Fuel Smart Pillow Market Growth
• Development Of Organic Latex Mattresses
• North America was the largest region in the latex mattress market in 2023
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