Expansion of Distribution Network Sets the Path for Used Car Sales to Reach More Than 2.5 Mn by 2026; What Are Its Significance in The Upcoming Years? Ken Research

 There has been a consistent increase in used car sales between 2019 and 2021 as consumer income levels fell due to the pandemic, customers preferred purchasing pre-owned cars. Used car sales to witness a CAGR of 1.0% over 2021-2026, as per findings released by Ken Research.

1. Low Unemployment Rate and Moderate Labor Force Participation Rate Facilitating an Increase in Demand for Personal Vehicles; Helping the Used Car Market GTV to Reach nearly 35 Tn Won by 2021.

                         

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Low Unemployment Rate of nearly 4% and Moderate Labor Force Participation Rate of nearly 60% facilitates an Increase in Demand for Personal Vehicles. South Korea's automobile industry is the fifth largest producer of passenger cars in the world (2021). The automobile industry accounts for 13% of manufacturing output and generates 12% value added.

2. Pre-Owned Car Buyers Can Receive or Buy, In-House or Third-Party Warranties, from Authorized Dealerships or Independent Dealers Along with the Car.

Warranty covers mechanical breakdowns and failures caused by wear and tear, defects and poor maintenance. It might not include oil changes, routine maintenance and replaceable parts. For pre-owned cars, the warranty is offered or can be bought from a third-party like a workshop. The warranty offered by non-authorized dealers can be dependent on the pre-inspection results to meet the warranty requirements and standards. In addition to this, the Korea Automobile Diagnosis Guarantee Association (KAIWA) undertakes the development and dissemination of performance condition inspection and warranty of used cars, and diagnostic evaluation (including price research and calculation).

                    

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3. There is a High Expected Growth of Used Cars in Future Predicted by Goldman Sachs; Used Car Market is Expected to Grow to nearly 50 Tn Won By 2030.

 Goldman Sachs - which was part of the Book Building Process for K Car's IPO - has predicted that the used car market is expected to grow to nearly 50 Tn Won by 2030 and the growth would be led by increased online penetration. Furthermore, Growth in 2020 and 2021 was higher in the used car market due to the shortage of semiconductor chips in the market which resulted in higher prices for new cars, shifting the demand for Used Cars.

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How have the technology, ingenuity of meat delivery startups, and the pandemic changed the way India buys meat today?: Ken Research

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A few years ago, getting meat delivered to your door was a luxury thing unless you know the butcher personally. But then the pandemic happened and changed everything. The lockdown came as a big catalyst for online meat delivery apps in India.

It created a meaty opportunity for digital meat platforms to register exponential growth in the country where people always preferred to shop for meat offline. To understand the rise of the Indian online meat delivery meat industry, and the great shift of Indians buying meat online, read the complete insight.

1. India consumed six million tons of meat in 2020; nearly half the population consumes non-vegetarian meals once a week in India

2. During the lockdown, people became more conscious about hygiene in the meat shops, leading to a major trend shift from buying meat offline to online

3. The Online Meat Delivery Market in India is currently positioned in the Nascent Stage, growing at a CAGR of 174% between 2016 and 2020

4. The astonishing compound annual growth rate enabled many potential Investors and Venture Capitalists to invest in the digital meat delivery segment

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5. Presently, players coming in with integrated value chains, wide assortment, quality assurance, and convenience are driving the market

6. AI and Data Analytics have been a great help to online meat companies to Operate Quickly and Efficiently in the market

7. Automation in Processing and Innovative Packaging is the way forward for the online meat delivery sector in India

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India Online Meat Delivery Market

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North America Organic Baby Foods Market Outlook and Forecast to 2027

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Global Oleochemicals Market is expected to reach approximately US$ 50 billion by 2028: Ken Research

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What is the Size of Global Oleochemicals Industry?

Global Oleochemicals market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 50 Bn by 2028.  The Oleochemicals Market is largely driven by the opportunity to replace conventional petroleum-based products in various sectors along with the easy availability of raw materials required for the production of oleochemicals.

Petroleum is a fossil fuel that when used, poses a risk to the environment. Governments are enforcing stricter regulations for the sparing use of petroleum which can be replaced by oleochemicals. Due to its numerous environmental benefits, biofuel generated from oleochemicals is growing in popularity when compared to petroleum-based diesel fuel as it can be produced from both plant and animal feedstock, making it simple to generate. Oleochemicals have a certain adverse impact on the environment such as VOC and other harmful gaseous emissions, wastewater release, hazardous waste release, etc.

The outbreak of COVID-19 further increased the demand for oleochemicals as they are used in soaps and disinfectants. During the pandemic, the fatty acids market came under pressure due to sluggish demand owing to weak downstream sectors such as industrial lubricants and tires but the fatty alcohols fared better in because the majority of these go into the making of household and personal care products. Due to COVID-19, the demand for oleochemicals was shifted mostly to personal hygiene and the pharmaceutical sector.

Global Oleochemicals Market by product Type

The Global Oleochemicals market is segmented by Product type into Fatty acid, fatty alcohol, Glycerol and Others. The fatty acid product type segment dominated the global Oleochemicals Market in 2022 and is expected to continue being the dominant segment during the forecast period.

Fatty acid category is expected to grow as a result of rising demand for bio-based fatty acids from various end-use industries such as personal care, cosmetics, chemicals, food & beverages, industrial sectors, and others. Additionally, fatty acids are cheaper than their counterparts which is further accelerating the growth of the market.

Global Oleochemicals Market by application

The Global Oleochemicals market is segmented by Application into Solid, Liquid and Solution. The healthcare & pharmaceuticals application segment was the highest contributor to the Global Oleochemicals Market in 2022. Oleochemicals are used as preservatives, thickening agents, and emollients in the pharmaceutical industry. Fatty acid derivatives like Isopropyl myristate are used as a moisturizer in topical medicinal products as well as an emollient or thickening agent in other pharmaceutical applications.

Global Oleochemicals Market by geography

The Global Oleochemicals market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific accounted for the largest market share in 2022 among all regions within the Global Oleochemicals Market owing to the strong raw material base, and shift in consumer preference to renewable products.

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Asia Pacific Oleochemicals Market is anticipated to grow as green alternatives are being increasingly adopted and raw materials become more readily available. For instance, the biggest producers of palm oil, the primary feedstock for oleochemical production, are Malaysia and Indonesia.

According to the Malaysian Palm Oil Council, Malaysia produced 25.8% of the world's total palm oil. In terms of demand, China is the biggest consumer of fatty acids, taking up some 30% of global output, while the Asia Pacific region consumes about 35% of the world’s fatty alcohol production.

Competition Scenario in Global Oleochemicals Market 

The Global Oleochemicals Market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players. Large global players hold the highest market share ~40% which is followed by the regional players holding ~35% share. Some of the major players in the market include Emery Oleochemicals, BASF SE, Wilmar International, Godrej Industries, Cargill Inc, Kao Corporation, Edenor Technology Sdn Bhd, Oleon NV., IOI Group Berhad, P&G Chemicals, Twin River Technologies Inc., Croda International Plc., and others.

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What is the Expected Future Outlook for the Overall Global Oleochemicals Market Across the globe?

The Global Oleochemicals market was valued at USD ~billion in 2022 and is anticipated to reach USD ~50 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Oleochemicals market is driven by the opportunity to replace conventional petroleum-based products in various sectors along with the easy availability of raw materials required for the production of oleochemicals. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Oleochemicals market is changing rapidly. For instance, In May 2022, Oleon NV. started the construction of a new production facility in Texas, USA. The new plant will produce esters utilizing our newest technology, compliant with the highest industry standards, and also provide blending services to support Oil & Gas business.

In September 2020, Emery oleochemicals released its EMERY® E general-purpose fatty acid esters product line. These are sustainable alternatives to petrochemical-based materials and can be used in formulations of a wide range of consumer and industrial systems such as bio-diluent, solvent, cleaning and stripping products, cosmetic emollient and dispersant, plastic additives, etc.

Furthermore, In May 2019, the new plant construction of PT Apical Kao Chemical a joint venture of Kao corporation and Apical Group Ltd was completed. With the completion of the new factory, the Kao Group will increase its production capacity, produce competitive oleochemical products, and promote its stable supply, to expand the chemical business.

The Global Oleochemicals Market is forecasted to continue a gradual growth that is witnessed during the forecast period. Key trends driving market expansion include the recyclability of oleochemicals, increasing demand for biodegradable and sustainable products, and the growing demand from the end-user industry such as pharmaceutical, cosmetics, and food industries. The market is highly competitive with ~250 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

For more insights on the market intelligence, refer to below link:-

Global Oleochemicals Market

UK's EV Charging Equipment Market driven by £100 Mn Government Initiative and over 35k Public Charging Stations Network: What Lies Ahead? : Ken Research

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UK's EV Charging Equipment Market driven by £100 Mn Government Initiative and over 35k Public Charging Stations Network: What Lies Ahead? : Ken Research

EV Charging Equipment Industry in UK is expected to growth at a robust CAGR of 29.2 % in next 5 years, says a report by Ken Research

1. Electrification of Vehicles in the UK Market: Government Policies and Grants Fuel the Need for Cleaner Connectivity Solutions.

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Britishvolt, a startup for car battery manufacturing, is set to construct the first large-scale gigafactory in the north-east of England, and the UK government has pledged to invest £100 Mn towards this initiative. Meanwhile, ADL and BYD, in partnership with SSE, have developed an innovative electric bus operating center at the RATP Dev Shepherd’s Bush garage in West London. The aim is to create London's first zero-emission bus garage.

2. UK's Public Charging Station Network Reaches over 35k in 2022 with Greater London Leading the Way with over 10k Stations.

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• EV drivers in England can now access a rapid charge point within 25 miles along any major road, ensuring easy charging access.

• Private charging stations in the UK have grown at an impressive compound annual growth rate (CAGR) of 98.90% between 2017 and 2022.

• The UK government has implemented various incentives and grants to encourage the development of EV charging infrastructure. Initiatives such as the Rapid Charging Fund, Electric Vehicle Home Charging Scheme, Workplace Charging Scheme, On-Street Residential Charge Point Scheme, and Charging Infrastructure Investment Fund have greatly stimulated the EV charging market.

Major Players Mentioned in the Report:

• Rolec
• Tesla
• Mer
• Ubitricity
• BP Pulse
• Pod Point
• Genie Point
• Osprey Charging
• Charge Place Scotland
• Source London
• gy
• Insta Volt Ltd
• Connected Kerb
• GridServe

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• Electricity Supplier
• EV Manufacturers
• EV Charging Equipment Manufacturers
• EV Charging System Operator
• Demand side Transport Operators
• Government Bodies

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

For more insights on the market intelligence, refer to the link below: –

UK EV Charging Equipment Market

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KSA EV Charging Equipment Market Outlook to 2027F

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India EV Charging Equipment Market Outlook to FY'2026

Global Automotive Infotainment System Market is expected to reach ~USD 25 Bn by 2028F: Ken Research

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Global Automotive Infotainment System Market By Geography

The Global Automotive Infotainment System market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific accounted for the largest market share among all regions in 2022, owing to the presence of major automakers like Denso Corporation, Pioneer Corporation, Panasonic Corporation, JVCKENWOOD Corporation, and Mitsubishi Electric Corporation.

Customers favor augmented reality technology-based solutions due to its effectiveness, resulting in the driving market for automotive infotainment systems to expand in the region.

The high rate of adoption of automotive infotainment systems in nations like China, which manufactured the greatest number of automobiles globally, is responsible for the growth of the industry in Asia Pacific.

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Competition Scenario In Global Automotive Infotainment System Market

The Global Automotive Infotainment Systems Market is significantly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in utilizing IoT technologies to boost vehicle end-to-end connectivity.

Large global players constitute ~15% of competitors, while country niche players represent the largest number of competitors. However, most of the country-niche players are suppliers of components and assembling partners A wide range of products is offered by the companies, such as head-up displays, communication devices, navigation devices, and display units. To increase its presence in the market globally, strategic actions like mergers, acquisitions, alliances, and product launches are taken. Some of the major players in the market include Denso Corporation, Robert Bosch GmbH, Continental AG, Harman International Industries Inc., Magnetic Marelli SpA, Kenwood Corporation, Alpine Electronics Inc., Mitsubishi Electric Corporation, Visteon Corporation, Pioneer Corporation, Aptiv PLC and others.

What Is The Expected Future Outlook For The Overall Global Automotive Infotainment System Market Across The Globe?

The Global Automotive Infotainment System market was valued at USD ~billion in 2022 and is anticipated to reach USD ~25 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Automotive Infotainment System market is driven by rising disposable income and simple financing alternatives, which has led to a rise in demand for technologically advanced vehicles with practical entertainment systems. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Automotive Infotainment System market is changing rapidly. For instance, In January 2022, Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a collaboration to deliver the Digital Cabin, a plan for future transportation that would enrich a space of style and comfort, even behind the cockpit.

In February 2021, Harman International, an automobile infotainment provider, purchased Savari, Inc., a Silicon Valley-based automotive technology company that develops vehicle-to-everything communications (V2X) technology for 5G Edge and automotive devices.

The Global Automotive Infotainment Systems Market is anticipated to grow significantly during the projected period (2022-2028) as Automakers are interested in the development of infotainment systems for automobiles as a technology that combines information and enjoyment. Due to rising disposable income and straightforward financing options, consumers in emerging nations now have more purchasing options for passenger cars, which has increased demand for technologically advanced vehicles with useful entertainment systems. Such factors are likely to fuel the market expansion of Automotive Infotainment Systems during the anticipated period. Though the market is significantly competitive with ~200 participants, country-niche players control the dominant share and regional players also hold a significant share.

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Key Topics Covered in the Report

• Snapshot of Automotive Infotainment Systems Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Automotive Infotainment Systems Market
• Historic Growth of the Overall Automotive Infotainment Systems Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Automotive Infotainment Systems Market Industry
• Overview, Product Type Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Automotive Infotainment Systems Market
• Future Market Forecast and Growth Rates of the Total Automotive Infotainment Systems Market and by Segments
• Market Size of Segments with Historical CAGR and Future Forecasts
• Analysis of the Automotive Infotainment Systems Market in Global Regions
• Major Automotive Infotainment Systems Type/Supply and Consumption/Demand Hubs in the Region
• Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within the Region

Notable Key Players Mentioned in the Report

• Denso Corporation.
• Continental AG
• HARMAN International
• Pioneer Corporation
• Robert Bosch GmbH
• Visteon Corporation
• Panasonic Corporation
• Marelli Holdings Co., Ltd
• JVCKENWOOD Corporation
• Mitsubishi Electric Corporation

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Notable Emerging Companies Mentioned in the Report

• Xona Space Systems
• Ovo Automotive
• TUC s.r.l.
• MBition GmbH
• Ovo Automotive

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Manufacturers of Automotive infotainment systems
• Emerging and Startup Companies in Automotive infotainment systems
• Components Suppliers for Automotive Infotainment Systems
• Automotive Market research and consulting firms
• Organizations, forums, and alliances related to automotive infotainment
• Automobile Original Equipment Manufacturers (OEMs)
• Distributors, Suppliers, and Channel Partners of Automotive Electronics
• Global in-vehicle infotainment system manufacturers, suppliers, distributors and other stakeholders
• Associations, organizations, forums and alliances related to automotive infotainment systems
• Government bodies such as regulating authorities and policy makers
• Potential Entrants into Automotive Electronics
• PE and VC Firms focused on Automotive Electronics Segment
• Communications and IT Hardware Companies targeting Automotive Industry

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Automotive Infotainment System market

Remittance flows rose in the Middle East and North Africa (MENA) by 9.1% to hit $59 billion in 2018. Will MENA Remittance market continue to grow in the future?: Ken Research

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1. Increasing adoption of digital payment solutions in MEENA Region

Click to know: Major trends in MENA Remittance Market

The MENA region is one of the largest remittance markets in the world, with millions of people sending and receiving money from overseas. The remittance industry in this region is dominated by countries like Saudi Arabia, the UAE, Qatar, Kuwait, and Oman, which host millions of expatriate workers from various countries, including India, Bangladesh, Pakistan, the Philippines, and Nepal.

One of the notable trends in the MENA remittance market is the increasing adoption of digital payment solutions. With the growing popularity of mobile phones and the internet, many remittance service providers in the region are leveraging digital technology to offer fast, secure, and cost-effective remittance services to their customers. This trend is expected to continue as more people embrace digital channels for money transfers.

2. Regulatory changes are also shaping the MENA remittance market

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Finally, regulatory changes are also shaping the MENA remittance market, with governments in the region implementing measures to promote transparency, security, and efficiency in the industry. This includes the implementation of Know-Your-Customer (KYC) regulations, anti-money laundering (AML) measures, and the introduction of new licensing requirements for remittance service providers. With 25 crore covered, KYC data of nearly a fifth of India's population is digital. Recent regulation such as the EU 6th Anti Money Laundering Directive and the U.S. Anti-Money Laundering Act of 2020 has impacted MENA-based businesses with access to those markets. The regulations require a more detailed compliance response, including ultimate beneficial ownership (UBO) details for certain third-party relationships.

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3. Uncalled Migration in MENA countries

When people migrate illegally, they often face difficulties in finding legitimate employment in the host country. This can lead to them accepting jobs with lower wages or working in the informal sector, where they may not have access to banking services or other formal channels for remitting money back to their home countries. As a result, the volume of remittances from uncalled migration may be lower than that from legal migration, which can affect the overall size of the remittance market.

Secondly, the lack of legal documentation for uncalled migrants can make it difficult for them to access formal remittance channels, such as banks or money transfer operators. This may force them to rely on informal channels, such as hawala or other underground networks, which may not be regulated and can be subject to fraud, theft, or other risks. This can affect the security and reliability of the remittance market, as well as the overall volume of remittances.

For more insights on the market intelligence, refer to below link:-

MENA Remittance Market

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Belgium Remittance Market Outlook 2027F

Australia Remittance Market Outlook to 2027F

Global Eubiotics Market is expected to reach ~USD 8 Bn by 2028F: Ken Research

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Global Eubiotics Market By Geography

The Global Eubiotics market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Europe held the largest market share in 2022, because of the region's strict rules and regulations that forbid the use of antibiotics, the existence of major market players, and awareness of the use of Eubiotics and their advantages.

This is due to rising animal output and meat consumption, which comes from processed foods. Recent years have seen a rapid rise in meat consumption in nations like Italy, France, and Germany, which has prompted producers to look for high-quality, disease-free animal products.

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Competition Scenario In Global Eubiotics Market

The global Eubiotics market is highly competitive with ~150 players which include globally diversified players, regional players, and country-niche players with their niche in the Eubiotics market. County-niche players constitute ~45% of the competitors, while the regional players are the second largest by type. Some of the major players in the market include and among others DSM, Novus International, Inc., Lallemand, Inc., Behn Meyer, Lesaffre Group, Kemin Industries, Inc., Novozymes, Chr. Hansen Holding A/S, BASF SE, and others.

What Is The Expected Future Outlook For The Overall Global Eubiotics Market Across The Globe?

The Global Eubiotics market was valued at USD ~billion in 2022 and is anticipated to reach USD ~8 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Eubiotics market is driven by the rise in demand for animal protein, the rise in demand for produced feed, and the restriction on antibiotics. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Eubiotics market is changing rapidly. For instance, In July 2021, Koninklijke DSM N.V., a science-based global company in sustainable, nutrition, and healthy living acquired Midori USA, Inc., a biotechnology start-up and novel platform, to develop ground-breaking Eubiotics technologies that will improve the health and environmental impact of animals.

In May 2021, Chr. Hansen Holding A/S introduced "Bovacillus," a brand-new probiotic for dairy and meat cattle. Bacillus spores are a special kind of probiotic because they can withstand harsh conditions during the production, preparation, and use of feed as well as inside the gastrointestinal tract.

In January 2021, Novus International collaborated on research and development projects with the USA-based biotechnology firm Agrivida.

The global Eubiotics market is forecasted to continue the growth that is witnessed since 2017, Positive legislative scenarios that forbid the use of antibiotics and rising meat consumption around the world are expected to fuel demand for the product. The market is highly competitive, with firms who have been there for a while taking the majority of the market. Though the market is highly competitive with ~150 players, few global players control the dominant market share and regional players also hold a significant market share.

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Key Topics Covered in the Report

• Snapshot of the Global Eubiotics Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Eubiotics Market
• Historic Growth of the Overall Global Eubiotics Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Eubiotics Industry
• Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Eubiotics Market
• Future Market Forecast and Growth Rates of the Total Global Eubiotics Market and by Segments
• Market Size of Function Segments with Historical CAGR and Future Forecasts
• Analysis of Global Eubiotics in Major Regions
• Major Type/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the Report

• DSM
• Novus International, Inc.
• Lallemand, Inc.
• Behn Meyer
• Lesaffre Group
• Kemin Industries, Inc.
• Novozymes
• Chr. Hansen Holding A/S
• BASF SE
• Cargill, Incorporated

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Notable Emerging Companies Mentioned in the Report

• Bluestar Adisseo Co
• Biomin
• Roquette Frères
• Associated British Foods plc
• Evonik Industries AG

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Eubiotics Manufacturers
• Eubiotics Association
• Research & Development Institutes for Eubiotics
• Eubiotics Materials and Ingredients Suppliers
• Eubiotics Distributors
• Probiotics Manufacturers
• Investment Banks Targeting Eubiotics Market
• Food Research and Development Institutes
• Market Research & Consulting Firms
• Banking and Financial Service Providers
• Government & Regulatory Authorities
• Investors in Food Start-ups
• Start-ups & Incumbents in Food Sector
• Certification & Inspection Companies
• F&B Marketing Agencies
• Dietary Supplement manufacturers

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Eubiotics Market

Global Ethnic Foods market is expected to reach ~USD 80 Bn by 2028F: Ken Research

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Global Ethnic Foods Market By Geography

The Global Ethnic Foods market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific accounted for the largest market share among all regions in 2022, owing to numerous expansion prospects for ethnic food services businesses that have emerged in the Asia-Pacific region.

Residents of India and other developing nations are using social media more and more to share their culinary experiences, which encourages customers to try new restaurants and cuisine options based on the ratings given.

Consumers in the Asia-Pacific region are increasingly interested in trying out new cuisines, both internationally and from genuine regional cuisines. Additionally, producers are working hard to meet consumer demand for novel and distinctive culinary products by including more international classics, greater variety, spices, and strong tastes.

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Competition Scenario In Global Ethnic Foods Market

The Global Ethnic Foods Market is highly competitive with ~1,000 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in ethnic food. Global players constitute ~10% of competitors, while country niche players represent the largest number of competitors. The market is highly competitive since key players are focusing on R&D and launching new products with different kinds of ethnic food cuisines to meet growing consumer demand for a variety of cuisines and are investing in producing healthy nutritious rich ethnic-based foods as people adopt healthier life. Some of the major players in the market include Ajinomoto Co. Inc., Taco Bell, ARYZTA AG, Asli Fine Foods, McCormick & Company Inc., General Mills, MTR Foods, Wanis International Food, Santa Maria UK Ltd, Nestle. And others.

What Is The Expected Future Outlook For The Overall Global Ethnic Foods Market Across The Globe?

The Global Ethnic Foods market was valued at USD ~billion in 2022 and is anticipated to reach USD ~80 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Ethnic Foods market is driven by increasing the accessibility and availability of ethnic food items, the increasing number of specialized ethnic food supermarket chains in developed nations. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Ethnic Foods market is changing rapidly. For instance, In October 2021, General Mills expanded its Old El Paso a range of Tex-Mex foods that includes dinner kits, tacos, tortillas, and more, line by offering new flavored taco shells in collaboration with crisp brand Takis in the United States.

In November 2020, McCormick & Business Inc. announced a definitive agreement to acquire the parent company of Cholula Hot Sauce®, a premium hot sauce brand with authentic Mexican characteristics for US$800 million in cash,

The Global Ethnic Foods Market is anticipated to grow significantly during the projected period (2022-2028) as there is a growing demand for ethnic food as a result of increased employment opportunities, access to higher education, and tourism. Moreover, the market is expected to expand during the forecasted period as a result of increased investment in the production of nutrient-dense foods and healthy ethnic foods. Though the market is competitive with ~1,000 participants, country-niche players control the dominant share and regional players also hold a significant share.

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Key Topics Covered in the Report

• Snapshot of Ethnic Foods Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Ethnic Foods Market
• Historic Growth of the Overall Ethnic Foods Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Ethnic Foods Market Industry
• Overview, Cuisine Type Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Ethnic Foods Market
• Future Market Forecast and Growth Rates of the Total Ethnic Foods Market and by Segments
• Market Size of Application with Historical CAGR and Future Forecasts
• Analysis of the Ethnic Foods Market in Global Regions
• Major Cuisine Type/Supply and Consumption/Demand Hubs in the Region
• Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within the Region

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Notable Key Players Mentioned in the Report

• Ajinomoto Co. Inc.
• Taco Bell
• ARYZTA AG
• Asli Fine Foods
• McCormick & Company Inc.
• General Mills
• MTR Foods
• Wanis International Food
• Santa Maria UK Ltd
• Nestle

Notable Emerging Companies Mentioned in the Report

• Sach Foods
• Omsom
• Fly By Jing
• Immi
•  Sanzo

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Ethnic Foods Manufacturers and Providers
• Ethnic Foods Distributors
• Ethnic Foods Organizations, Forums, Alliances, And Associations
• Government Ministries and Departments of Food Industry
• Government Regulatory and Research Organizations
• Raw Material Suppliers for Ethnic Food
• Food Packaging Equipment Companies
• Food Transport Solutions Providers

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

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Global Ethnic Foods Market

The Global E-Learning market is anticipated to exceed USD 400 billion 2027 – Ken Research

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Competition Scenario in Global E-Learning Market

In Global E-learning Market there are several players operating in the market, and top players account for a substantial share in the market in terms of revenue. The e-learning market is highly fragmented in nature. The major parameters on which these players complete includes course type, deployment model, Innovation and platform used. Key players in e-earning include Aptara, Inc, Adobe Systems Inc, Cornerstone, Citrix Education, Coursera, Meridian Knowledge Solutions, Microsoft Corporation etc.

What is the Expected Future Outlook for the Overall Global E-Learning Market?

The Global E-Learning market was valued at USD 300 billion in 2022 and is anticipated to exceed USD 400 billion 2027, witnessing a robust CAGR during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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The Global E-Learning market is driven by demand for internet-enabled devices like IOT (Internet of things), growing need for strong workforce skills and significant demand for individual-focused learning experiences. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Government has ambitious plans to use digital technologies extensively to strengthen its services, processes, and decision making, as well as its ability to share data with constituents. There is specific emphasis on improving the individual organizational capabilities of Government entities by aligning their digital strategies with the national Digital Government Strategy 2022, strengthening development and analytical platforms while deploying robust cyber security measures and controls which will led to increase employment in the digital sector, thus fueling the inflow of workers in the country.

With the e-learning market gaining momentum, there is a need for continuous innovation for vendors to differentiate their products and drive service adoption among a more comprehensive section of end-users. AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several learning avenues.

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During the forecast period of 2022-2027, it is anticipated that the global e-learning market will grow at a massive CAGR by 2027. Major players account for a considerable percentage of online sales in the e-learning space and they actively participate in partnerships and product innovations to gain more market share in future. E-learning sales are continuing to rise in the Asia-Pacific region. New markets are forming, and established markets have the potential to grow even more in the forecasted period.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• E-Learning Companies
• LMS Platforms
• Language Learning Platforms
• Institutes/Colleges
• Schools
• Investors
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report

• Historical Year: 2017-2022
• Base Year: 2022
• Forecast Period: 2022– 2027

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Global E-learning Market

Global Nutraceuticals Market is forecasted to reach a market size of ~US$ 500 billion: Ken Research

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What Is the Size of Global Nutraceuticals Industry?

Global Nutraceuticals market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 500 Bn by 2028. The Nutraceuticals Market is largely driven by rising demand for nutraceuticals among old age population due to increasing chronic diseases.

Increasing prevalence of metabolic disorders is one of the factors driving the growth of nutraceuticals market. The number of individuals with metabolic disorders is on the rise across various countries worldwide. According to the National Cholesterol Education Program and International Diabetes Federation (IDF), more than 30% of the U.S. population is estimated to have metabolic syndrome.  This will drive consumer preference for nutraceuticals thereby fostering market statistics.

A surge in sports activities and participation at the national and international levels will complement the nutraceuticals industry growth. Increasing awareness associated with the benefits of health supplements for various medical concerns will drive the demand for nutraceutical products. The COVID-19 pandemic has positively impacted the nutraceuticals market owing to the increasing demand for healthy nutritional supplements and products. Preventative measures against coronavirus promoted the consumption of nutritious and functional foods with high zinc, sodium, vitamin D, vitamin C, and mineral content, escalating the sales of nutraceutical products.

Global Nutraceuticals Market By Product Type

The Global Nutraceuticals market is segmented by Product type into Dietary Supplements, Functional Food and Functional Beverages. The functional food segment held the largest market share in the global nutraceuticals market in 2022, owing to several health benefits including weight management, and improved blood circulation.

The increasing trend of on-the-go nutraceutical snacks such as protein-rich snacks, grains, dry nuts, bars, and others, boosts the demand for the functional foods segment. Functional beverages segment is expected to grow with the highest CAGR during the forecast period due to the gaining popularity of sports drinks among athletes and other individuals involved in energetic physical activities.

Global Nutraceuticals Market By Source

The Global Nutraceuticals market is segmented by Source into Plants, Animals and Microbial. The plants segment held the largest market share in the global nutraceuticals market in 2022, owing to the growing preference for consumers interest towards protein extracted from plants as compared to animal-based.

Nutraceutical ingredients extracted from plants add primary nutritional value and functional benefits to various applications such as food & beverages, dietary supplements, and personal care products. Consumers prefer incorporating plant proteins in regular diets instead of costly whey & other dairy proteins. All the plant-extracted nutraceuticals are available in the form of tablets or capsules forms in dietary supplements.

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Global Nutraceuticals Market By Form

The Global Nutraceuticals market is segmented by Form into Capsules and Tablets, Liquid, Powder, Gummies and Others. The capsules and tablets segment held the largest market share in the global nutraceuticals market in 2022, as these are the most convenient alternative to constitute nutraceuticals in daily diet. Tablets and capsules are easy to store and package and possess longer shelf life as compared to other forms. Capsules have a layer of film or sugar that helps encapsulate the unpleasant odor and taste of these formulations. A wide range of benefits associated with capsules & tablets will propel the segmental expansion.

Global Nutraceuticals Market By Distribution Channel

The Global Nutraceuticals market is segmented by Distribution Channel into Drug Stores/Pharmacies, Online Channels, Specialty Stores and Hypermarkets/supermarkets. The Drug Stores/Pharmacies segment held the largest market share in the global nutraceuticals market in 2022, as pharmacies or drug stores are considered to be the most trusted source for the purchase of any kind of medication and supplements.

Pharmacies are the most trusted distribution source for supplements among consumers as the information regarding the product is validated through healthcare professionals at the drug stores. Online segment is expected to grow with the highest CAGR during the forecast period as online channels offer a much lower price for supplements through coupon benefits, free shipping charges, and others.

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Global Nutraceuticals Market By Geography

The Global Nutraceuticals market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific held the largest market share among all other regions within the global nutraceuticals market in 2022, owing to the growing trend of food fortification with nutraceutical products in the region.

Rising awareness regarding nutritional enrichment in China and India is expected to remain a favorable factor for market growth. Furthermore, the expansion in the retail sector in emerging markets including Indonesia, Malaysia, and India in light of regulatory support to promote investments is expected to increase the accessibility to buyers over the forecast period.

The increasing purchasing power of buyers has provoked consumers to adopt health-conscious food and healthy diets, which will further drive regional industry growth. The rising elderly population along with consumer spending on healthcare products & medicines has enhanced the nutraceutical industry growth in the Asia Pacific region.

Competition Scenario In Global Nutraceuticals Market

The Global Nutraceuticals Market is highly competitive with ~500 players, including globally diversified players, regional players, and many country-niche players. Most of the country-niche players are the manufacturers of nutraceuticals used in various end-user industries.

Regional players constitute ~30% of the total number of competitors, while country-niche players dominate representing ~60% of total competitors. Some of the major players in the market include Amway Corp, BASF SE, Cargill, Incorporated, Danone SA, DuPont, General Mills Inc., Nestlé, PepsiCo Inc., DSM, ADM, among others.

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What is the Expected Future Outlook for the Overall Global Nutraceuticals Market Across the globe?

The Global Nutraceuticals market was valued at USD ~billion in 2022 and is anticipated to reach USD ~500 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Nutraceuticals market is driven by rising demand for nutraceuticals among old age population due to increasing chronic diseases. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. With the increasing collaboration and emergence of new products, the Global Nutraceuticals market is changing rapidly. For instance, in 2022, DSM Group, a global science-based company, launched its latest integrated Food & Beverage functional structure, which combines three sections of DSM’s business based on nutrition, i.e., Hydrocolloids, Food Specialties, and a few portions of nutritional commodities group on demand of emerging customer and current needs of the market.

In December 2020, Abbott introduced a new Pedialyte rehydration solution. The product contains a range of nutrients including probiotics, vitamin C, vitamin B12, vitamin E, zinc, and more. It is developed to support the immune system of consumers. Abbott expanded its Pedialyte product portfolio using the new product and increase its customer base.

In May 2021, General Mills launched a new snack brand called Good Measure that is designed specifically to not spike the blood sugar of the person snacking. The Good Measure brand currently has two products: creamy nut butter bars and crunchy almond crisps. The bars are available in multiple flavors starting with Blueberry & Almond, Peanut & Dark Chocolate, and Almond & Dark Chocolate.

The Global Nutraceuticals Market witnessed positive impact due to COVID-19 as the demand for nutraceuticals kept on increasing during and after the pandemic. Most nutraceuticals are sold in the form of tablets and capsules as there is an ease of packaging that helps in providing longer shelf life to the product. Pharmacies are the most popular source of distribution channels through which nutraceutical supplements are sold. However, online channels are also gaining popularity as the prices are much lower. Though the market is competitive with over ~500 participants, country-niche players control the dominant share in the market and regional players also hold a significant share.

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Global Nutraceuticals Market