Thursday, July 23, 2020

Rising Investment in Marketplace Companies and Focus on Delivering Personalised Experience to the Customer facilitated the Growth in KSA Online Grocery Market: Ken Research

  • 62% of grocery orders were placed by customers belonging to 25-44 age groups. Population aged between 25 and 44 stood at 13.6 million in 2019.
  • More than 70% of online grocery orders are fulfilled in Central and Western Saudi Arabia. Riyadh, Medina and Makkah recognised as major demand and supply regions in the Kingdom.
  • Working professional mapped as target audience for online grocery delivery companies in the Kingdom. Male & female working population stood at 10.8 million and 2.5 million respectively in 2019.
Increasing Demand among Working Professionals: The demand for online grocery is rising among working professionals & married couples as they have less time to physically visit a store for grocery shopping. In addition to this, demand for online grocery has increased among the people living independently as they are increasingly outsourcing their chores, such as grocery shopping to reliable vendors online. Approximately 30% of the online grocery buyers are frequent shoppers.
Challenges in Online Grocery Industry: The online grocery industry in KSA faces many challenges such as inventory and logistics management, low profit margins, high customer retention & acquisition cost and inefficient backend system. Even though the internet and smartphone penetration in the region is high, the online grocery penetration is low, signifying slow adoption rate in the industry. Families in KSA are accustomed to visiting hypermarkets and supermarkets with their families for weekly grocery shopping, thereby posing a challenge for online grocery service providers to replicate this experience for the customers.
Technologies Facilitating Business Operations: Service providers in KSA are constantly upgrading themselves to adapt to the needs of the customers. Fleet management software, real time inventory monitoring & business analytics have driven the day to day operations in the industry.  Artificial Intelligence has helped the companies to offer personalise experience to customer.
According to the report by Ken Research titled “KSA Online Grocery Delivery Market Outlook to 2025- Driven by Increasing Working Population, Introduction of Express Delivery and Regional Expansion” the online grocery delivery demand on the basis of GMV was valued at SAR 185 Million in 2019. The industry is at the growth stage and the demand will continue to grow owing to rising internet penetration, regional expansion of local and international players and adoption of AI, region expansion and product portfolio diversification.
Key Segments Covered: -
By Region
Central
Western
Eastern
Southern
Northern
By Product Category
Food & Beverages
Fresh Food
Household Supplies
Beauty and Health
Others
By Mode of Payment
Cash on Delivery
Pre-Delivery Online Payment
Card on Delivery
By Delivery
In a Specific Time Period (Same Day or Next Day)
Express Delivery (30 minutes-2 hours)
Other (2-3 Days or More)
By Age Group
18-24 years
25-34 years
35-44 years
 45+ years
By Gender
Male
Gender
Companies Covered
Nana Direct
Zadfresh
Carrefour
Danube
Qareeb.com
Key Target Audience
Online Grocery Delivery Companies
Supermarkets & Hypermarkets
E-commerce Companies
Food Delivery Companies
Investors and Venture Capitalists
Logistics Companies
Government Organization catering to the FMCG Industry
Time Period Captured in the Report: -
Historical Period: 2017–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report: -
Difference between Online & Offline Grocery Shopping. Why Online Grocery is the Way Forward?
Target Addressable Audience
Supply Ecosystem and Competition Parameters
Demand Scenario, Target Customer and Factor Influencing Consumer Behavior
Process of On Boarding a Grocery Store
Role & Responsibilities of Company and Partner Grocery Store
Gaps & Possible Solutions of Managing Logistics
Factors Influencing Customer Behavior
Seasonality Trends
Features of a Grocery Delivery Application
Technologies Facilitating Online Grocery Delivery Industry
Upcoming Technologies in Online Grocery Delivery Industry
Future Market Trends and Way Forward
Marketing Strategies
Industry Best Practices
Covid-19 Impact on KSA Online Grocery Delivery Market
Analyst Recommendations
For More Information on the Research Report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Saudi Arabia

Wednesday, July 22, 2020

KSA Online Grocery Delivery Market Outlook to 2025: Ken Research

The report titled “KSA Online Grocery Delivery Market Outlook to 2025- Driven by Changing Shopping Habits of Consumers and Regional Expansion of Local & International Players in the Kingdom" provides a comprehensive analysis of Online Grocery Delivery Market in KSA. The report covers various aspects including the current online grocery delivery scenario in the Kingdom, need & opportunities describing the target addressable market, addressable gap in the market, and possible solutions.
It also covers current supply and demand in the region, detailed working of the marketplace and omnichannel operating model, trends, developments, challenges, seasonality trends, current & upcoming technologies facilitating online grocery delivery industry, revenue streams and marketing strategies driving the industry.  It also provides a detailed analysis on the impact of COVID-19 on the market. It gives a detailed explanation of competitive scenarios including cross-comparison between major players, SWOT, and detailed company profiles of major players and concluding with future scope and analyst recommendations.
Market Overview and Demand- Supply Scenario
KSA Online Grocery Delivery service gained traction among consumers as it allows customers to avoid the hassle of crowds, payment & parking queues and offers convenience as one doesn’t need to be at home to pick up the order. Major grocery delivery companies entered the market between 2016 and 2018.
Smartphone users aged between 25 and 44, is considered an influential customer base for online grocery shopping. The industry is currently positioned in a growth stage registering a double-digit growth rate close to 44% between 2017 and 2019.
Changing consumer preferences, high smartphone penetration and regional expansion of local and international players led to growth of online grocery services in the Kingdom.  Companies have expanded their product portfolios from food & beverages to household supplies, baby food, fresh food, fish & meat and other product categories.
Demand by Region (Central, Western, Eastern, Southern and Northern)
Central and Western Saudi Arabia mapped as major regions based on demand of online grocery services in the Kingdom. Riyadh, Makkah, Medina mapped as major cities on the basis of demand for online grocery services in Central and Western Region. This was followed by demand in Eastern, Southern and Northern Regions.  Dammam, Asir and Ha'il considered as evolving regions in terms of demand and supply for online grocery services.
Demand by Product Category (Food & Beverages, Fresh Food, Household Supplies, Beauty and Health and Others)
Food & Beverages mapped as most demanded product category among the customers in the Kingdom. This was followed by fresh food, household supplies, beauty and health and other product categories. Most demanded products have been packaged food, canned food, water, bakery items, cleaning products and baby food.
Demand by Mode of Payment (Cash on Delivery, Pre-Delivery Online Payment and Card on Delivery)
Cash is the most preferred mode of payment as customers are skeptical for security of their financial details. They believe their bank details are not secure if they use online mode of payment. This was followed by pre delivery online payment and card on delivery.
Demand by Delivery (In a Specific Time Period (Same Day or Next Day), Express Delivery (30 minutes-2 hours) and other (2-3 Days or More))
Customers prefer their orders to be fulfilled within the specific time slot promised by the online grocery service provider. Large order size often takes more preparation time thereby leading to delay in deliveries. Companies charge between SAR 10-20 for delivering groceries to the customer.
Competitive Landscape
The industry is concentrated with presence of 8-10 players operating across marketplace omnichannel model. Delivery Cost, Delivery Time, App Interface, Discounts & Offers, Return Policy, Ease of Payment have been major factors influencing customer behavior. Major players include Nana Direct, Zad, Carrefour, Danube and Qareeb.com. Companies with large product assortment, wide regional presence and express delivery are identified as clear leaders in the industry.
Impact of COVID-19
Due to COVID-19 Outbreak, people avoided crowded places and turned to online grocery shopping amid escalating fears.  Major Product Categories witnessed growth between 25-35% during the pandemic such as water, personal hygiene, home cleaning, fruits & vegetables. Companies who delivered in one to two day had a waiting period of one to two weeks.
Future Outlook and Projection
The demand is expected to grow with a CAGR of 23% on the basis of GMV between 2019 and 2025. Companies are anticipated to focus on offering personalized shopping experience to the customer. The demand is expected to be driven by upcoming technologies such as Drone Delivery, Warehouse Automation, Voice Ordering and others. Market consolidation is expected in future as players with heavy financial backing and better brand value will acquire small players.
Key Segments Covered: -
By Region
Central
Western
Eastern
Southern
Northern
By Product Category
Food & Beverages
Fresh Food
Household Supplies
Beauty and Health
Others
By Mode of Payment
Cash on Delivery
Pre-Delivery Online Payment
Card on Delivery
By Delivery
In a Specific Time Period (Same Day or Next Day)
Express Delivery (30 minutes-2 hours)
Other (2-3 Days or More)
By Age Group
18-24 years
25-34 years
35-44 years
 45+ years
By Gender
Male
Gender
Companies Covered
Nana Direct
Zadfresh
Carrefour
Danube
Qareeb.com
Key Target Audience
Online Grocery Delivery Companies
Supermarkets & Hypermarkets
E-commerce Companies
Food Delivery Companies
Investors and Venture Capitalists
Logistics Companies
Government Organization catering to the FMCG Industry
Time Period Captured in the Report: -
Historical Period: 2017–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report: -
Difference between Online & Offline Grocery Shopping. Why Online Grocery is the Way Forward?
Target Addressable Audience
Supply Ecosystem and Competition Parameters
Demand Scenario, Target Customer and Factor Influencing Consumer Behavior
Process of On Boarding a Grocery Store
Role & Responsibilities of Company and Partner Grocery Store
Gaps & Possible Solutions of Managing Logistics
Factors Influencing Customer Behavior
Seasonality Trends
Features of a Grocery Delivery Application
Technologies Facilitating Online Grocery Delivery Industry
Upcoming Technologies in Online Grocery Delivery Industry
Future Market Trends and Way Forward
Marketing Strategies
Industry Best Practices
Covid-19 Impact on KSA Online Grocery Delivery Market
Analyst Recommendations
For More Information on the Research Report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Saudi Arabia

Growth In Scenario Of Global Fluorochemicals Market Outlook: Ken Research


The Fluorochemicals are introduced by the fluorite mineral as raw material and more fluorochemicals can be introduced from fluosilicic acid. The market is predicted to witness growth due to the several aspects such as increase in the demand for the refrigerators and cooling systems in the industrial and domestic segments. This is attributed to transformations in the lifestyle and growth in refrigeration requirement for the expediency food products storage.

According to the report analysis, ‘Fluorochemicals Market by Type (Fluorocarbons, Fluoroelastomers, Fluoropolymers, Inorganics, and Others), Application (Surfactants, Propellants, Aluminum Production, Refrigerant, Automobile, Agrochemicals, and Others), and End-Use (Electrical & Electronics, Petrochemicals, Chemicals, Aerospace, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the fluorochemicals market there are several companies which presently operating more actively for leading the highest market growth and registering the handsome value of market share around the globe during the review period while advancing the applications, specification and productivity of the such chemicals, spreading the awareness related to the flurorchemicals, decreasing the linked prices, delivering the better consumer satisfaction, employing the young workforce, accepting the profit making strategies and providing the effective services includes Arkema S.A., Daikin Industries, Ltd., DuPont, Dongyue Group Co., Ltd., Halocarbon Products Corporation., Honeywell International, Inc., Kureha Corporation, Pelchem SOC Ltd., Solvay SA, and The 3M Company and several others.

The foremost players are implementing the several strategies such as product launch, acquisition, collaboration, partnership, product development, agreement, and business enlargement, to stay competitive in the market.

In addition, according to our study, on the worldwide commercial refrigeration market, it is predicted to reach USD 37.4 billion by 2026. The aspects that are predicted to restrict the growth of the market are great production cost and increase in the stringent environmental regulations on the usage of the fluorochemicals as it is one of the chemicals accountable for the ozone depletion.

The fluorochemicals market is predicted to observe the considerable growth due to factors such as surge in the requirement from automobile and commercial refrigeration industry. Whereas, the commercial refrigeration industry has observed the note worthy growth unambiguously in the under developed regions such as China, Brazil, Africa, and India. This is accredited to increase in the disposable income. However, the augment in the stringent environment regulations on the fluorocarbons is predicted to hamper the fluorochemicals market growth. For instance, the environmental problems linked with the hydro fluorocarbons have been one of the prominent aspects that restricts the market growth. On the contrary, the foremost growth in the aluminum production activities in Asia-Pacific region is projected to offer lucrative growth opportunities throughout the forecast duration.

In addition, the China’s is one of the momentous players in aluminum market. This is accredited to the collaboration of the government and several other industries for the advancement of advance technologies that supports to decrease the processed waste and diminution production cost, thereby influencing the requirement for the aluminum fluoride.Therefore, in the near years, it is predicted that the market of fluorochemical will increase around the globe more effectively over the forthcoming years.

For More Information, refer to below link:-
Global Fluorochemicals Market

Related Report:-
Global Fluorochemicals Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Growth In Landscape Of Global Professional Hair Care Market Outlook: Ken Research

The professional hair care market involves the hair grooming products that are functional to hair to obtain a stylish hairstyle and favorite look. The professional hair care market involves the premium and salon-based products that are organic and paraben-free and guarantee the damage-free hair with a vigorous scalp. In addition, recently, modern hairstyles have become the expressions of customers’ attitudes, personalities, and their fashion predilections. This is attributable to the augment in the celebrity stimulus as well as the determined self-consciousness concerned facial appearance mostly amongst the young populace. This fact propels the growth of the professional haircare market.
According to the report analysis, ‘Professional Hair Care Market by Product Type (Hair Coloring, Shampoos, Styling Agents, and Straightening & Perming Agent) and Distribution Channel (Hypermarkets/Retail Chain, E-commerce, Salons, Pharmacy, Specialty Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the worldwide professional haircare market there are several corporates which recently performing more significantly for leading the fastest market growth and registering the handsome value of market share around the globe during the forecast duration while decreasing the linked price, spreading the awareness related to the professional hair care products, delivering better consumer satisfaction, implementing the profitable strategies, analyzing and studying the competitor’s strategies, increasing the applications and productivity of the professional hair care products and employing the young workforce includes L'Oreal SA, Henkel Corporation, Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estee Lauder), Avon Products Inc., Revlon Inc., Toni & Guy, and Shiseido Company, Limited, and several others.
In addition, the worldwide professional haircare market the size was worth at USD 18,072.9 million in 2017 and is predicted to reach USD 26,242.7 million by 2026, dominating a CAGR of 4.6% from 2019 to 2026. Whereas, the growth of the global professional hair care market is proficiently propelled by the fluctuation in hairstyle trends, speedy augment in disposable income, the populace growth, and increment in air pollution around the world. Not only has this, but the significant increase in the utilization of professional haircare products in developed regions and growth in the implementation of the organic ingredients are also projected to generate a lot of opportunities for the hair coloring products, and shampoo producers to generate a mass consumer base. However, the great cost of such premium and professional products, and contribution of the hazardous chemicals to soften hair restrict the growth of the worldwide professional hair care market.
Furthermore, the professional hair care is utilized to handle the dissimilar hair issues such as hair fall, split ends, dandruff, frizzy hair, and dry or itchy scalp by nurturing the hair & scalp. The professional hair care has a wide variety of products involving shampoo, hair wax & hair conditioner, straightening & perming products, hair colorants, hair gel, and many others. Moreover, such professional hair care products are accessible in dissimilar forms to satisfy customer requirements. For instance, the volumizing shampoo, oily hair shampoo, colored hair shampoo are some of the alternatives of shampoos that are expressed to deliver the solution to dissimilar hair problems. Thus, this in turn propels the growth of the market. Therefore, in the upcoming future, it is predicted that the market of professional hair care will increase around the globe more proficiently over the forthcoming years.
For More Information on the Research Report, refer to below links: -
Related Reports: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India
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