Wednesday, May 29, 2019

US Seed Market Outlook to 2023: Ken Research

The report titled “US Seed Market Outlook to 2023 - By Type of Seed (Corn, Soybean, Cotton, Wheat, Sorghum, and Vegetables) and By Technology (GM/GE/Hybrid and Open Pollinated)” provides a comprehensive analysis of the seeds market in the US. The report covers the overall market size in terms of revenue, segmentations on the basis of crop, type of seed, geographical region, trends and developments, regulations for patents in the US, mergers and acquisitions, US farm structure and ownership structure, mechanization in the US agriculture, organic farming sector, land under cultivation and production of various crops, competitive scenario and company profiles. The report concludes with market projection for future analyst recommendations highlighting the major opportunities and cautions for the US seeds market.

US seed market is among the most developed in the world and is in the matured stage. Technological advancement and genetic modification are the key drivers for the demand of commercial seeds in the US market.

Corn: In 2018, total corn planted area in the US showed a decline when compared with the planted area year 2017. Farmers have decreased corn acreage by adjusting crop rotations between corn and soybeans, which has caused corn plantings to decrease. The trade differences between China and the US have impacted both the plantation and production of corn in the country. The US Corn Seed Market’s quantity of production and consumption depends on genetics, changes in weather patterns, land limitations, politics and global market demand. The US Corn seed market recorded growth during 2018 due to rise in prices of seed. The higher growth rate of the Corn seed segment can be attributed to the increasing demand of superior quality seeds to feed the expanding population of the country. Corn production is expected to increase by the year 2023. Lower corn prices and increasing corn production suggest that more corn will be used for feed and residual use. Fuel and increasing meat production have driven the demand for corn in the US and global market.

Soybean: In year 2018, total soybean showed a decline with a negative growth when compared with the planted area in year 2017. Illinois ranked first in the maximum soybean plantation followed by Iowa. US production declined for soybean seeds in year 2018 when compared to 2017. Total seed production is impacted directly with the decline in the planted acres over the years. States like North Carolina got two hurricanes and other states are affected due to heavy rain after soybeans hit maturity. Decline in year 2018 was observed as China has shifted soybean orders to South America after the issue of price effect post July 2018. The prices of Soybean are increasing and the higher producer returns provide incentives to increase plantings, and producers are expected to plant large number acres by the year 2023. Rising domestic use and export demand support a continuation of a large soybean area. This will eventually result in increased demand for soybean seeds.

Cotton: The US cotton seed market had an increasing growth in year 2018. Cotton production showed a negative growth rate when compared with 2017. Texas is the leading cotton-producing state followed by California, Arkansas, Georgia, Mississippi and Louisiana. Domestic mill use which increases the demand for the cotton seed is expected to slowly grow over the forecast period while exports are projected to increase in the coming years. More than 99 % of the cotton grown in the US is of the Upland variety, with the rest being American Pima.

Other Crops: The US Sorghum seed segment recorded an increased growth rate in year 2018. Significant demands from dairy, meat and poultry industries are creating unique marketing opportunities for the sorghum growers.

Overall wheat seed use in year 2018 increased from the previous year. No GM wheat seeds have been commercialized until now although Monsanto and Syngenta are undergoing field trials for GM wheat.

In 2018, rice producers planted hybrid seed on about 20%-25% percent of U.S. land for rice cultivation. Arkansas is the largest area by rice crop plantation.

South Dakota produces the most oats in the US followed by North Dakota and Wisconsin. U.S oats production will have an increased growth rate by 2023. 

The Fruit and Vegetable Seed Market is at rapid growth stage in year 2018. It is observed that the quality of seed accounts for approximately 25-30% of the total productivity and hence there is huge demand for branded seeds. The growing demand for vegetables and an increased production capacity of vegetable industry are driving the market growth in the US. The total farm value of fruit, nuts, and vegetable production is projected to grow annually over the coming.

Future: US Seed industry is expected to register an increased CAGR in upcoming years. Huge consolidation in the market has reduced the number of major players in the US Seed market to less than five. In future, it is less likely that more consolidation may happen among the existing top players. Many new traits and seed varieties are under development and are expected to be launched in the next five years. Demand for organic and non GMO seeds are expected to rise and being sold at premium considering the rising demand for organic vegetables and other food products. Organic acreage is increasing in most areas of the US, while transitioning to organic corn and soybean. The rate of demand for commercial seeds is growing rapidly due to mechanization and adoption of various other agricultural practices and technological improvements such as use of drones and sensors for seed planting and monitoring, use of robotics for seed R&D and various other uses, upcoming culture of urban farming, hydroponics and the use of IoT (Internet of Things) in the agricultural based activities.

Key Segments Covered
By Type of Crop
Corn
Soybean
Cotton
Sorghum
Wheat
Rice
Oats
Vegetable and Fruit Seeds

Based on Type:
Conventional seed
GM/ Hybrid seed

Based on Geography:
California
Texas
Nebraska
Illinois
Iowa
Minnesota
Kansas
Indiana
Wisconsin
North Carolina
Other states

Key Target Audience
Seed Manufacturers
Associations and industrial bodies
Agricultural institutes and universities
Regulatory institutions
Agricultural Seed Distributors
Government Agencies
NGO’s Supporting Agricultural Growth and Activities
Venture Capitalists
Online Sales and Retailing Agencies

Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023

Companies Covered:
Bayer Group (Monsanto Company)
Dow DuPont Inc.
Syngenta Seeds, LLC
Agreliant Genetics, LLC

Key Topics Covered in the Report
Executive Summary
Research Methodology
Historical Overview
Land Under Cultivation and Production of Various Crops, 2017 and 2018
Irrigated and Non Irrigated land
US Farm Structure and Ownership Structure
Mechanization in the US Agriculture
Value Chain in the US Seed Market
Regulatory Scenario in United States Seed Market for Patent Approval
Cropping Pattern in the US Grain and Vegetables
USA Seed Market Overview and Size, 2013-2018
US Corn Seed Market, 2013-2023
US Cotton Seed Market, 2013-2023
US Soybean Seed Market, 2013-2023
US Wheat Seed Market, 2013-2023
US Sorghum Seed Market, 2013-2023
US Rice Seed Market Snapshot
US Oats Seed market Snapshot
US Fruits and Vegetable Seed Market Snapshot
Market Share and Company Profile of Major Players, 2018
Mergers and Acquisitions in US Seed Industry
List of Small Seed Companies in the US Seed Industry
Trends and Developments in USA Seed Market
SWOT Analysis
Rising Organic Farming Sector
Future Projection to the US Seed Market, 2018-2023
Analyst Recommendation

For more information on the research report, refer to below link:

Related Reports

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Ankur Gupta, Head Marketing & Communications
+91-9015378249

India POCT Market Outlook to 2023: Ken Research

The report titled “India POCT Market Outlook to 2023 - By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy, and Fertility Testing Kits, Cardio-Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region” provides a comprehensive analysis of the Point of Care Testing Market of India. The report covers various aspects including market overview and evolution, Indian Health Statistics, Trade Scenario, trends and developments, issues and challenges, Porter’s five force analyses, customer decision parameters, funding, and M&A scenario in the industry, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
Market Overview
India POCT market is at the growing stage. India POCT market in terms of revenue has increased at a positive CAGR during the period FY’2013-FY’2018. This growth was supported by advancement in medical knowledge and R&D along with an increase in the prevalence of chronic diseases amongst the Indian population in recent years. The customers in the market are becoming more aware of their health with time which has further boosted the demand for POCT devices in the country.
India POCT Market Research Report
There has been intense competition between the players in the India POCT market as more number of MNC’s is setting up their units in India owing to the allowance of 100% FDI in the country. The domestic production of POCT devices has been relatively low as compared to other countries. The POCT devices have led to a faster pace for treatment coupled with a reduction in the overall health checkup expenditure.
India POCT Market Segmentation
By Major Devices: Blood Glucose Testing kits accounted for the highest share for the FY’2018. This testing kit is a device used on a routine basis to monitor glucose levels for people at home or for patients under permanent glycemic control requirements. Increase in the rate for infectious and communicable diseases in the country have also generated the need for Infectious diseases testing kits, which stand second to the blood glucose testing kits. On the other hand, the third largest share was accounted for by blood gas electrolytes kits which further followed by pregnancy & fertility testing kits, cardiometabolic monitoring kit, anticoagulant management kit, and others.
By End Users: The hospitals and clinics accounted for the highest market share in India POCT market in FY’2018 amongst the considered end users owing to the lack of diagnostic labs and central laboratories along with the cost and time involved in conducting different tests through diagnostic laboratories. The individuals usually use POCT devices for Blood glucose testing, pregnancy testing, and HIV self-testing as these devices are simple to use and are handy due to which consumer/individuals accounted for the second highest market share in the end user a segment which is further followed by the diagnostic labs, home healthcare, and others.
By Consumables and Instruments: In India POCT market consumables accounted for the majority of the market share in FY’2018. This is largely due to HbA1c, Pregnancy, Cholesterol, and Drug of Abuse POCT devices utilize consumables on large scale for diagnostics. On the other hand, Instruments although comprising of much costlier components captured a smaller market share in FY’2018 due to longer replacement/repurchase cycle.
By Distribution Channel: The sale of POCT devices through distributors plays a key role in the overall POCT a market in India constituting a maximum market share in FY’2018. The distributors accounted for a double-digit margin on the sale of these devices. On the other hand, direct sales in case of POCT devices is minimal as compared to the sales through distributors as a majority of the POCT companies do not contact them, clients, directly and rather prefer using a medium to sell their products owing to the high cost involved.
By Region: It has been observed that amongst the considered cities, sale of POCT devices is the highest in Delhi followed by Chennai in FY’2018 as these are the hub for medical care. Also, the people residing in these cities have a higher personal disposable income as compared to other cities. Lack of awareness and acceptance by the people in Tier 2 and Tier 3 cities justifies its lower market share in FY’2018.
Competitive Landscape
The India POCT market is moderately concentrated. In FY’2018, it has been observed that there are more than 60 players which are operating in the India POCT market, out which Abbott India has the highest market share on the basis of revenue in FY’2018. This was followed by Roche Diagnostics, Danaher Corporation, J Mitra & co., Trans Asia Biomedical and others. These market players compete in the POCT market in India on the basis of Cost, Expertise, Brand, Ease of Use, and Key Products Offered.
India POCT Market Future Outlook
In the future, it has been anticipated that India POCT market will increase at a double digit CAGR during the period of FY’2018– FY’2023E in terms of revenue. India POCT market is expected to grow at an enormous rate owing to factors such as compactness, portability and its usage by the non-laboratory personnel in the purview of getting faster results. Increasing demand for POCT devices in the country largely from the elderly population which is one of the major targets end users for the home healthcare companies and overall POCT market in general. Launch of various new products in different product genre is anticipated to expand the target audience. In addition to this, India has been a country with one of the highest diabetes prevalence rates in the world. This will lead to an opportunity for POCT companies to provide efficient solutions for the problem.
Key Segments Covered:-
By Major Devices
Blood Glucose Testing Kits
Infectious Disease Testing Kits
Blood Gas Electrolytes
Pregnancy and Fertility Testing Kits
CardioMetabolic Monitoring
Anticoagulant Management
Cholesterol Testing Kits
Others
By End Users
Hospitals & Clinics
Consumers/ Individuals
Diagnostic Labs
Home Healthcare
Others
By Distribution Channel
Distributors
Direct Sales
By Region
Tier 1 Cities
Tier 2 Cities
Tier 3 Cities
By Consumables and Instruments
Key Target Audience
Point of Care Companies
Hospitals & Clinics
Government organizations
Medical Devices and Equipment companies
Home Healthcare Companies
Time Period Captured in the Report:-
Historical Period: FY’2013-FY’2018
Forecast Period: FY’2018-FY’2023
Companies Covered:-
Abbott India Limited
Roche Diagnostics
Siemens Healthcare Private Limited
Beckman Coulter India Pvt. Ltd.
J Mitra & Co. Pvt. Ltd.
Trans Asia Biomedical
Radiometer India
Bio Rad Laboratories
DiaSys India
EKF Diagnostics
Renesas Electronics
Triviton Healthcare Private Limited
Becton Dickinson India Private Limited
India Medtronic Private Limited
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Value Chain Analysis of India POCT Market
Indian National Health Account Statistics
Market Overview and Genesis of India POCT Market
India POCT Market Size for the FY’2013- FY’2018
India POCT Market Segmentation by Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio-Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits, and Others)
India POCT Market Segmentation By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others)
India POCT Market Segmentation By Consumables and Instruments
India POCT Market Segmentation By Distribution Channel (Distributors and Direct Sales)
India POCT Market segmentation By Region (Tier 1, Tier 2 and Tier 3 Cities)
Government Regulations in the India POCT Market
Porter’s Five Force Analysis for India POCT Market
Competition Parameters in India POCT Market
Company Profiles of Major Players in the India POCT Market
Strength and Weaknesses of Major Players in the India POCT Market
Funding and M&A Scenario in the India POCT Market
Trade Scenario in the India POCT Market
Trends and Developments in the India POCT Market
Issues and Challenges in the India POCT Market
Upcoming Technologies in the India POCT Market
Customer Decision Parameters in the India POCT Market
India POCT Market Size- Future Outlook and Projections for the FY’2018- FY’2023E
Analysts Recommendations for the India POCT Market
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Ankur Gupta, Head Marketing & Communications
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Philippines Fitness Service Market Outlook to 2023: Ken Research


The report titled Philippines Fitness Service Market Outlook to 2023 - By Revenue Streams (Membership Fee and Personal Training), by Membership Subscription Package (1 Month, 3 Months, 6 Months & 12 Months), by Regions (Luzon, Visayas and Mindanao) and by Gender covers market size by organized and unorganized fitness service providers along with market segmentation by revenue stream (membership subscription and personal training), by market structure (organized and unorganized), by region (Luzon, Visayas and Mindanao), by gender (male and female), and by membership subscription packages (12 months, 6 months, 3 months and 1 month) on the basis of revenue generated, number of fitness gym members and number of fitness centers for the period 2013-2023. The report also covers emerging growth drivers and trends; issues and challenges; customer pain points and decision making parameters; and competitive landscape of players in organized sector with special focus on Anytime Fitness, Pound for Pound, Fitness First, Snap Fitness, UFC Gym, Krav Maga, Gold’s Gym, Bliss Yoga, Beyond Yoga, Kerry Sports Manila, Slimmer’s World, 360 Fitness Club, Curves Fitness and others. The report also explores the Personal Training Market and Yoga Service Market as brief market-snapshots, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader. The key target audience includes women fitness service centers, mixed fitness service centers, major fitness equipment manufacturers, investors, fitness managers, fitness club franchisers, personal training certification institutes and standalone yoga centers. This report will particularly help the readers to identify the ongoing trends in the industry and anticipated growth in the future depending upon changing industry dynamics in upcoming years.

Philippines Fitness Service Market Summary
Market Overview: Philippines Fitness Service Market is at the growth stage witnessing a neck to neck competition amongst players in the unorganized & organized sector. Rapidly rising obesity rate, heart problems and increase in the consciousness regarding improvement in personal health have propelled momentum to the market. Male and female population, between 15 to 44 years, has increased considerably during the review period. The number of fitness centres in the Philippines has increased aggregating a CAGR of close to 7% during 2013-2018 owing primarily to the higher demand from female population and opening-up of more centers in the untapped regions of Visayas and Mindanao. Addition of integrated fitness services such as Yoga, Pilates; Swimming; Personal training have complimented the target audience by introducing style, variety & dynamism to daily fitness regime. Market revenue is expected to witness sound growth at a CAGR of around 8% during the revenue period while the total membership is expected to trace double digit CAGR during 2013-2018.

By Market Structure (Organized and Unorganized Market)
The organized fitness market has captured major share in terms of total numbers of memberships however owing to higher cost structures and superior quality services offered. Organized chains such as Anytime Fitness and Pound for Pound Fitness led the market in terms of revenue generated in 2018. Unorganized centers have been able to enter the fitness industry by offering reasonably lower membership fee to attract customers. They are easier to set up hence have been seen mushrooming well in the cities.

By Revenue Streams (Membership Fee and Personal Training Fees)
The two main revenue sources of a fitness center are membership fee and personal training fee. It has been analyzed that in both organized and unorganized fitness sectors, the major revenue has been generated by membership fees in 2018, more highly skewed in the organized set-up. The revenue generated by personal training has particularly been benefitted by the continuous growth in the demand for qualified fitness professionals and certification courses in the country.. Fashion trends such as doing yoga, Pilates, martial arts, kick boxing and others have also been major reason for the enormous share of gym membership in the country. However, the presence of fewer and under-qualified personal instructors has inhered growth in this segment.

By Membership Subscription (1 Month, 3 Months, 6 Months and 12 Months)
On the basis of number of members, packages offered for one month have contributed highest in 2018 as it offers higher flexibility and an option to experiment at a lower opportunity cost. It is highly preferred by people joining gyms for the first time & for tourists. The second most preferred package is the 3 months and the 6 months one due to tier pricing which makes them more economical in relation to the 12 months packages. The 12 month’s packages have contributed lowest share in 2018.

By Major Regions (Luzon, Visayas and Mindanao)
Most of the fitness clubs in Philippines are located in its capital region, Metro Manila, which is a part of Luzon region in Philippines. It has captured the majority share being the commercial capital of the country. Visayas contributed second highest share with its expanding business cluster. Mainstream urban and wealthy population resides in these regions. This set of audience usually opts for a healthy lifestyle and has the resources to spend on fitness services. It is expected that in the coming future there would be a surge in the number of fitness centers in Visayas and Mindanao regions as they are untapped and their population is on rise.

Competitive Landscape in Philippines Fitness Market
The competition in the industry has been a fragmented in terms of revenue generated and membership with a presence of large number of small unorganized players in 2018. These provide gym membership along with supplementary facilities such as spa, sauna, swimming pool, showers, lockers and others. Few of the major organized players include Anytime Fitness, Gold’s Gym, Fitness First, Pound for Pound, Slimmer’s World, Kerry Sports, UFC Gym, 360 Fitness, Snap Fitness 24/7, Krav Maga, Army Fitness, Fitness Zone, Fitness Plus, and many others.

Players are competing with on the basis of advancement in equipments and entertainment technologies, gamut of complimentary services and facilities, availability of experienced and qualified fitness personnel, membership packages in terms of different durations and prices, offers and discounts, marketing strategies, personal training services and timings of classes.

Philippines Fitness Services Market Future Outlook and Projections
Market Size: The Philippines fitness service market revenue has been anticipated to grow at a CAGR of close to 8% from 2018 to 2023. This revenue generation will be supported by the increasing number of membership which is expected to grow with a double digit CAGR of close to 11% during 2018 to 2023E.

Key Segments Covered:-
By Market Structure (On the basis of Revenue, Number of Members, Number of Gyms Centers)
Organized
Unorganized

By Revenue Streams
Membership Fees
Personal Training Fees

By Membership Subscription Packages (On the basis of Revenue, Number of Members)
1 Month
3 Months
6 Months
12 Months

By Regions (On the basis of Number of Gyms)
Luzon
Visayas
Mindanao

By Gender (on the basis of Revenue and Number of Members)
Male
Female

Key Target Audience:-
Organized Fitness Service Centers/Gyms (Branded)
Women Fitness Service Centers
Mixed Fitness Service Centers
Major Fitness Equipment Manufacturers
Investors
Fitness Managers
Fitness Club Franchisers
Personal Training Certification Institutes
Standalone Yoga Centers

Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023

Companies Covered:-
Anytime Fitness
Pound for Pound
Snap Fitness 24/7
Krav Maga
Fitness First
Gold’s Gym
Slimmer’s World International
Beyond Yoga
360 Fitness
Bliss Yoga
UFC Gym
Curves Fitness
Kerry Sports Manila

Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Philippines Fitness Service Market Size
Philippines Fitness Service Market Segmentations
SWOT Analysis of Philippines Fitness Service Market
Trends and Development in Philippines Fitness Service Market
Issues and Challenges in Philippines Service Fitness
Competitive Landscape in Philippines Fitness Service Market
Competitive Scenario in Philippines Fitness Service Market
Profiles of Major Fitness Clubs in Philippines Fitness Service Market
Strengths and Weaknesses of Major Players
Snapshot on Philippines Personal Training Market
Snapshot of Philippines Yoga Market
Philippines Fitness Service Market Future Outlook and Projections, 2018-2023E
Philippines Fitness Service Future Market Segmentation, 2018-2023E
Analyst Recommendation in Philippines Service Fitness Market

For More information about the report, refer to below link:-

Related Reports:-



Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249