Global Smart Vending Machines Market is expected to reach a market size of ~US$ 15 billion by 2028: Ken Research

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What Is the Size of Global Smart Vending Machines Industry?

Global Smart Vending Machines market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028. The Smart Vending Machines Market is largely driven by the increase in demand for self-service technology, and the implementation of IoT and AI services such as cashless transactions and cloud-based systems.

The increase in demand for self-service technology such as cashless transactions and the cloud-based system is driving the growth of the global Smart Vending Machines market. In March 2022, Digital Media Vending International launched the cloud-managed AI enabled vending machine the smart vending machine will enhance the user experience of vending machines with the help of augmented reality, product recognition, personalized experience, and more.

The initial cost of a smart vending machine is much high than the conventional vending machine as smart vending machines have different features such as AI drove interface, touchpad, fast transactions, and more.  Rising security issues such as burglary and vandalism of smart vending machine is also common throughout the globe, which is hindering the growth of the global Smart Vending Machines market.

The COVID-19 pandemic slowed the growth of the global Smart vending machine market, owing to the shutdown of production activities in various industrial areas including Smart vending machine manufacturing units. As a result, production showed a decline in the global exoskeleton market.

Global Smart Vending Machines Market By Product Type

The Global Smart Vending Machines market is segmented by Product type into Rotodynamic Pumps and Positive Displacement Pumps. The snacks segment is projected to be the fastest growing market during the forecast period for the global Smart Vending Machines market. The growth is primarily due to the variety of products offers in vending machines as snacks such as protein bars, milk, coffee, hot drinks, ice creams and more, which is widely consume by the students and employees globally.

The various mergers and acquisition of snacks companies worldwide is also helping the market to grow at significant rate during forecasting period. In February 2019, Unilever acquired Graze, which is a British snack brand that offers a variety of healthy snacks to consumers snacks as it contains no artificial ingredients, including nuts, seeds, trail mixes, and bars.

Global Smart Vending Machines Market By Power Source

The Global Smart Vending Machines market is segmented by Power source into Electricity Grid-Connection, Diesel/Petrol and Solar. The Free-Standing Machine Type held the largest market share in 2022 in the global Smart Vending Machines market.

The growth is primarily due to the demand for these machines rising because of the widespread use of free-standing vending machines in public spaces including shopping centers, highway medians, bus shelters, train stations, airports, and other sites with high dwell times.

In March 2017, N&W Global Vending S.p.A. has acquired Saeco Vending S.p.A. with this acquisition, the N&W Global Vending S.p.A is able to provide better services for free-standing food vending machines, including coffee and other hot and cold beverages.

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Global Smart Vending Machines Market By Power Rating

The Global Smart Vending Machines market is segmented by Power rating into 0.5-3 hp, 4-15 hp, 16-30 hp, 31-40 hp and >40 hp. The manufacturing segment accounted for the largest market share in the application segment in 2022 for the global Smart vending machines market. The growth is primarily due to the adoption of Smart vending machines in manufacturing units as these have numerous advantages such as cost-effectiveness, cleanliness, and space conservation.

Furthermore, with the launches of various Smart Vending Machines which provide instant snacking and food options for manufacturing site employees 24X7. In July 2021, Daalchini technologies Pvt. Ltd. launched its Pantries at Aditya Birla Group’s Hindalco Plant under which they provide 24X7 food services with 100% contactless food/snacks, cooked meals, and Smart vending machines.

Global Smart Vending Machines Market By Geography

The Global Smart Vending Machines market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounted for the largest market share among all regions within the total Global Smart Vending Machines Market in 2022. The growth is primarily due to a number of factors, including improvements in communication technology, a rise in the use of mobile payments, and better internet connectivity as smart vending machines are AI based.

Furthermore, the cost of operations and maintenance for intelligent vending machines is significant at first. The need for intelligent vending machines in the North American region is further fueled by the higher purchasing power of businesses operating there.

Competition Scenario in Global Smart Vending Machines Market

The global Smart Vending Machines 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 Smart Vending Machines manufacturers. Large global players constitute ~15% of competitors, while country-niche players represent ~55% of competitors. Most of the Country-Niche and Regional Players are suppliers of components and assembling partners for Global Players. Some of the major players in the market include Fuji Electric Co., Ltd, Royal Vendors, Inc., Crane Payment Innovations (CPI), SEAGA MANUFACTURING INC., FAS International S.P.A., Advantech Co. Ltd., Rhea Vendors Group Spa, Bianchi, Westomatic Vending Services Ltd., Azkoyen Group and among others.

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What is the Expected Future Outlook for the Overall Global Smart Vending Machines Market Across the globe?

The Global Smart Vending Machines market was valued at USD ~billion in 2022 and is anticipated to reach USD ~15 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 Smart Vending Machines market is driven by the increase in demand for self-service technology, and the implementation of IoT and AI services such as cashless transactions and cloud-based 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 Smart Vending Machines market is changing rapidly. For instance, In January 2021, Westomatic Vending Services Ltd. Launched a smart Nutritional Drinks Dispenser that is going tom delivered in gyms to avoid the spreading of germs and bacteria with its new technology i.e. Completely Contactless.

In May 2018, Crane Payment Innovations released new cashless items and enterprise software for vending machines, which are the telemeters of the future, created to give vending machine operators flexibility and options.

The Global Smart Vending Machines Market is forecasted to grow significantly with a CAGR of ~14% during the forecast period primarily driven by the increase in demand for self-service technology and the implementation of IoT and Ai services such as cashless transactions and cloud-based systems. Though the market is highly competitive with ~ 200 participants, few global players control the dominant share and country-niche players hold a significant share. North America accounted for the largest market share among all regions within the total global Smart Vending Machines market in 2021.

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Global Smart Vending Machines Market

Property Classified to make money via 3 primary means: accessibility of information, efficient transactions, & simplified management & control. Is Technology Inclusion also the Right Tool? Ken Research

 The overall revenue contribution via online classifieds & listings in 2021 amounted to $ 61 Mn, says a report by Ken Research

1. Three forms of technologies: Blockchain, AR and AI in Malaysia are being adopted by startups, global corporations and the government.

                                

      Recent Trends in Malaysia Property Classifieds Market

Inclusion of advanced technologies such as BlockChain, AR & AI in the market is picking up pace. With more than 10 companies having their own website & mobile application, going digital is the new trend. Features such as 3D-Printed buildings in which 3D printers will be capable of printing building components from a wider variety of materials & AR, VR for home viewing in which the technology will be able to offer immersive viewing experience, especially when the buyer or property is overseas, are being included in order to make the property buying experience hassle free & efficient.

2. “Benefit for all:” Both Developers and Consumers are set to benefit from technologies under PropTech Market in Malaysia

                           

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With the inclusion of new technology, both the developers & consumers are bound to benefit. Technologies such as Virtual Reality in which viewers can get an experience of property and surrounding areas without physical site visits & Cloud Computing in which there is an enhanced user experience with integrated solutions such as payment gateways, chatbots, customized search, etc are being included that not only benefit the consumer but also the developer who in turn churns out more profits. Moreover, with an internet penetration rate of more than 88% with 61 Mn smartphone users, technology inclusion is something that will result in ease of business & property viewing.

3. “Technology Upgradation to be the trend:” inclusion of technology & the overall infrastructure improvement is expected to be witnessed in the upcoming years.

                         

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Technology has been increasingly becoming an attractive asset for landlords, potential real estate investors and tenants looking for an efficient and secure opportunity in the Commercial Real Estate segment (CRE). This presents a lucrative opportunity for Property Classified investors to witness high returns on their investment. Further, with newer technology based services such as 360 degree view, listing convenience, subscription management etc., the focus is likely to be on educating individual users. Therefore, the advertisements are more likely to be to focused on the individuals on both the buying and selling side, which could help reduce the resistance of online real estate tractions by individual users. All in all, upcoming projects such as Minest Residence($ 100 Mn) which involves involves the construction of a residential complex comprising two 43-story blocks in Kuala Lumpur are expected to have more property listings on website in order to attract individuals according to their own choices.

 

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Global Prosthetics and Orthotics Market expected to record a CAGR of ~5% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Prosthetics & Orthotics Industry?

Global Prosthetics & Orthotics market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 9 Bn by 2028.

The Prosthetics & Orthotics Market is largely driven by the growing prevalence of osteosarcoma along with the increase in disability rate.

The advancement in technology for the development of prosthetic devices and adoption of technologies like 3D printed prosthetics owing to their cost-effectiveness and easy usage, next-generation technologies such as microprocessors, automation, artificial intelligence (AI), and others is likely to aid the growth of the market.

Lack of proper healthcare infrastructure, especially in low-income or developing countries along with the low-income status of large populations may restrict the growth of the market.

COVID-19 negatively impacted the Prosthetics and Orthotics Market for short time due to the disruption in the supply chain globally, delays in approvals or launch of new medical equipment, and reduced healthcare spending. In addition, essential surgeries or medical procedures were taken into consideration during the initial stage. However, many non-governmental organizations and regulatory agencies responded to the changing scenarios and were seeking approvals for the continuation of prosthetic and orthotic care services to offer essential health benefits to patients during the pandemic. The demand for prosthetic and orthotic care is expected to become stable as physical operations are resumed, which is increasing the demand for the services among the existing amputee population with maintenance.

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Global Prosthetics & Orthotics Market By Type

The Global Prosthetics & Orthotics market is segmented by Type into Orthotics, Upper Limb, Lower Limb, Spinal Orthotics, Prosthetics, Upper Extremity, Lower Extremity, Liners, Sockets and Modular Components.

Orthotics segment held the largest share of the Global Prosthetics and Orthotics Market in 2022, attributed to the increasing number of spinal cord injuries.

The rising cases of road accidents or sports injuries coupled with increasing penetration of orthopedic technology to offer benefits like reduced pain and faster recovery in terms of movement is anticipated to augment the growth of the segment in the Global Prosthetics and Orthotics Market.

Global Prosthetics & Orthotics Market By Technology

The Global Prosthetics & Orthotics market is segmented by Technology into Conventional, Electric-powered and Hybrid Orthopedic Prosthetics.

The conventional segment held the largest share of the Global Prosthetics and Orthotics Market in 2022, owing to its affordability.

The reliability of end-users on conventional technology of prosthetics and orthotics coupled with it also offers advantages such as safety, energy efficiency, stability, and affordability, which is expected to attract consumers and thus is anticipated to boost the growth of the segment in the market.

Global Prosthetics & Orthotics Market By Geography

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

North America region accounted for the largest share of the Global Prosthetics and Orthotics Market in 2022, due to the increasing focus on providing quality care along with the growing focus on research and development of new technologies for prosthetics and orthotics.

The increase in investment for research and development for prosthetics and orthotics along with favorable reimbursement policies along with well-established healthcare infrastructure in the region is expected to propel the growth of the region in the market.

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Key Topics Covered in the Report

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

Major Companies Mentioned in the Report

• Fillauer LLC
• Bauerfeind
• Ottobock
• Zimmer Biomet
• Blatchford Limited
• Steeper Inc.
• Johnson and Johnson
• Stryker
• Smith+Nephew
• Össur

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Notable Emerging Companies Mentioned in the Report

• Sarcos Robotics
• Ekso Bionics
• ReWalk Robotics
• Xilloc Medical
• Cyberdyne

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

• Prosthetics and Orthotics Manufacturers
• Healthcare Research Institutes
• Market Research & Consulting Firms
• Research and Development Associations
• Investment Banking & Financial Institutes
• PE and VC Firms focused on Medical Devices
• Research & Development Institutes for Prosthetics and Orthotics Sector
• Prosthetics and Orthotics Providers
• Prosthetics and Orthotics Suppliers
• Investors in Prosthetics and Orthotics Start-ups
• Prosthetics and Orthotics Distributors
• Government Regulatory Authorities of Healthcare
• Investors in Prosthetics and Orthotics Companies
• Potential Entrants into Prosthetics and Orthotics
• Potential Entrants into Medical Devices

Time Period Captured in the Report

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

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Global Prosthetics and Orthotics Market

Explosive Growth in On-Demand Logistics Market: Over 450 Mn Deliveries in 2021 Driven by On-Demand Food, Grocery Delivery, and Last Mile Services: What Does the Future Hold? Ken Research

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Higher Order Frequency, Multi-Vendor Business Model and Adoption of EV are few of the growth driver for the market, says a report by Ken Research.

1. The Growth of On-Demand Food Delivery in the Philippines: Empowered by a Young Working Population, Accessible Internet, and Seamless Transactions

Also, Check-Out On-Demand Grocery Platform Revenue Model

• Internet penetration in rural and urban areas of the Philippines is projected to grow at a CAGR of +5.0% from 2021-2026.
• Major food tech players are expanding aggressively in over 120 cities in the Philippines, capitalizing on an improved network of restaurants to drive growth in new areas.
• The E-commerce market now encompasses a wide range of products and services. E-commerce players have made significant investments in supply chain and last-mile logistics to ensure faster and better fulfillment, including same-day delivery.
• Ordering frequency is expected to increase by 40-45%, with more users transitioning from occasion-based ordering to habitual ordering on a regular basis.

2. Multi-Vendor Business Model: Empowering Sellers with Technical Infrastructure and Delivering Competitive Pricing and Discounts to Customers on E-commerce Platforms

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• Multi-vendor stores provide the technical infrastructure for sellers to list and sell a wide range of products, enabling them to manage their virtual storefronts effectively.
• The multi-seller business model, also known as the 'zero inventory model,' does not require platform owners to maintain their own product inventory.
• Multivendor stores offer significant opportunities for manufacturers, wholesalers, brands, and retailers to increase sales and profits.

3. Leading the Charge: Lalamove, DingDong, and Mober Pave the Way for EV Adoption, Reducing Carbon Emissions in the Philippines

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EV adoption can only be done in partnership with technology enablers such as route optimizers, smart chargers and vehicle analytics. Fleets can also explore platforms to operate on blended models: deliveries and ride-hailing enabling further utilization of assets and managing the cost. Also, Mober has reaffirmed its commitment to reducing carbon emissions by securing a mixed fleet of 100 electric vans and trucks by 2030.

Global Protein Supplement Market expected to record a CAGR of ~7% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Protein Supplement Industry?

Global Protein Supplement market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 30 Bn by 2028.

The Protein Supplement Market is largely driven by changing lifestyles, there will be an increased reliance on supplements to meet daily nutritional needs, which will increase the demand for protein supplements.

Youth’s demand for protein supplements is rising, especially among athletes because they offer several advantages like decreasing cholesterol, developing muscle, boosting strength, preventing cancer, boosting immunity, and lowering blood pressure.

Due to growing health consciousness among consumers worldwide during the past few years, consumption of a diet high in protein content has increased dramatically.

The market for protein supplements is expected to experience some growth restraints due to the prevalence of less expensive alternatives and various detrimental effects of protein enhancement. Additionally, during the forecast period, negative claims and publicity may pose a threat to the market's expansion.

In response to the COVID-19 pandemic, customer preferences for nutritional supplements to promote immunity are predicted to increase due to these products' strong efficiency against viral infections and acute respiratory tract disorders, which is expected to drive market demand.

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Global Protein Supplement Market By Source

The Global Protein Supplement market is segmented by Source into Animal-based and Plant-based. Animal-based segment held the largest market share in 2022, due to convincing scientific proof of the health advantages they provide. For instance, whey proteins improve nutritional status, immunity, and aid cancer patients receiving chemotherapy by raising glutathione (GSH) levels.

The category includes casein, whey, egg, chicken, beef, dairy, and meat proteins. Animal proteins are typically thought to be complete proteins since they include all of the required amino acids.

Global Protein Supplement Market By Product

The Global Protein Supplement market is segmented by Product into Protein Powder, Protein Bars, Ready to Drink (RTD) and Others.

The protein powder segment held the largest market share in 2022. The demand for nutritious food products has increased as a result of changing lifestyles, growing urbanization, and changed dietary choices of consumers, and is likely to drive the market growth of protein powder.

Whey, casein, soy, pea, and egg proteins are just a few of the sources used in the production of the powders. Protein powders are packed with vital micronutrients, including vitamins, minerals, grains, fibers, extra fats, and/or thickeners, as well as greens (like dried veggies).

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Global Protein Supplement Market By Application

The Global Protein Supplement market is segmented by Application into Sports Nutrition and Functional Food.

Sports nutrition segment held the largest market share in 2022, owing to their widespread use as nutritional supplements by athletes, sportspeople, and bodybuilders.

Rising demand for nutritional supplements for athletes to support lean muscle growth, enhance performance, help with weight loss, and increase stamina is anticipated to fuel the expansion of the sports nutrition market over the coming years.

The rise in the number of people participating in sports and other physical activities to combat obesity is probably going to boost market expansion.

Global Protein Supplement Market By Distribution Channel

The Global Protein Supplement market is segmented by Distribution Channel into Supermarkets and Hypermarkets, Online Stores, Specialty Store and Others.

Supermarket & hypermarket segment held the largest market share in 2022 since it is convenient to shop and a variety of brands are available.

Supermarkets and hypermarkets provide a vast range of products at lower costs. The expansion of supermarkets and hypermarkets in both developing and developed nations as a result of rising consumer demand is anticipated to boost product sales. To encourage the sale of protein goods, major USA retailers like Walmart are entering this market and investing in private label variations.

Key Topics Covered in the Report

• Snapshot of the Global Protein Supplement Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Protein Supplement Market
• Historic Growth of the Overall Global Protein Supplement Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Protein Supplement Industry
• Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Protein Supplement Market
• Future Market Forecast and Growth Rates of the Total Global Protein Supplement Market and by Segments
• Market Size of Application Segments with Historical CAGR and Future Forecasts
• Analysis of Global Protein Supplements in Major Regions
• Major Production/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

• Glanbia PLC
• Abbott.
• NOW® Foods
• MusclePharm.
• QuestNutrition
• CytoSport, Inc.
• Lovate Health Sciences International Inc.
• The Bountiful Company
• AMCO Proteins
• Transparent Labs

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Notable Emerging Companies Mentioned in the Report

• Woodbolt Distribution Llc
• Dymatize Enterprises Llc
• RSP Nutrition
• BPI Sports
• The Hut.com Limited and MSM Retail Pvt Ltd.

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

• Protein Supplement Companies
• R&D Institutes for Protein Supplement Development
• Protein Supplement Manufacturers
• Protein Supplement Suppliers
• Protein Supplement Raw Material Provider
• Investment Banks Targeting Supplement Market
• Caffeine Producers
• Food Safety Authorities
• F&B Marketing and Advertising Agencies
• Dietary Supplement Manufacturers
• F&B Research Institutes
• Entrepreneurs in Food Industry
• Potential Entrants into Food Industry
• Government Departments for Food Standards
• Government Ministries and Departments for Food Industry

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

Global Protein Supplement Market

Global Sparkling Wine Market is expected to reach a market size of ~US$ 56 billion by 2028: Ken Research

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What Is the Size of Global Sparkling Wine Industry?

Global Sparkling Wine market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 55 Bn by 2028. The Sparkling Wine Market is largely driven by Rapid socioeconomic changes and urbanization. Growing food tourism or culinary tourism worldwide is positively influencing the consumption of sparkling wines in premium hotels and restaurants for fine dining.

The consumers’ shifting preferences towards a variety of alcoholic beverages, such as beer, liquors, spirits, and others due to their competitive prices may stifle the market growth of sparkling wine. The ongoing COVID-19 pandemic has resulted in an unprecedented drop in the global wine trade in 2020, due to the lockdowns imposed by several governments across countries, which have halted wine production. Furthermore, extensive closures of restaurants and bars, as well as the restrictions on socializing have lowered the sales of sparkling wine.

Global Sparkling Wine Market By Type

The Global Sparkling Wine market is segmented by Type into Red, Rose and White. The Red segment held the largest share of the Global Sparkling Wine Market in 2022, owing to its higher levels of vitamins and minerals, which helps in boosting the immune system.

Red wine is typically cultured with grape skins and seeds, and it is high in phytonutrients that provide numerous health benefits, such as lowering the risk of heart disease, increasing good high-density lipoprotein (HDL) cholesterol, easing joint pain, increasing insulin sensitivity, lowering the risk of osteoarthritis, and more.

Global Sparkling Wine Market By Product

The Global Sparkling Wine market is segmented by Product into Cava, Champagne, Cremant and Prosecco. The Prosecco segment held the largest market share of the Global Sparkling Wine Market in 2022, owing to its economic viability and ease of availability.

Prosecco contains polyphenols, a plant chemical with antioxidant properties which help in lowering blood pressure, and stroke risk, improving circulation, and strengthening heart health. Furthermore, unlike Champagne, it does not have a protected geographical location, so it can inherently be produced anywhere in the world.

Global Sparkling Wine Market By Distribution Channel

The Global Sparkling Wine market is segmented by Distribution channel into Supermarket/Hypermarket, Specialty Stores, On Trade and Others. The Supermarket/Hypermarket segment held the largest market share of the Global Sparkling Wine Market in 2022.

The growth is mainly attributed to the availability of a variety of products at lower prices as compared to bars, restaurants, nightclubs, hotels, and other on-trade channels. The modernization of retail stores across countries, notably in emerging countries, is increasing revenue generation through off-trade sales channels, such as supermarkets/hypermarkets.

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Global Sparkling Wine Market By Geography

The Global Sparkling Wine market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Europe accounted for the largest share of the Global Sparkling Wine Market in 2022, as Europe is the world’s top producer of wine.

The most popular sparkling wine, Prosecco, is primarily produced in Italy. For instance, in January 2022, according to the Prosecco DOC Consortium, Italy's total wine production increased by 25% in 2021, with 627.5 million certified bottles of Prosecco being produced.

Furthermore, Italy followed by France is the second largest producer of sparkling wine. For instance, according to Comité Champagne, a France trade association that represents the interests of independent Champagne producers, total Champagne shipments in 2021 increased by 32% over 2020 to 322 million bottles.

Competition Scenario In Global Sparkling Wine Market

The Global Sparkling Wine Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology, and precision viticulture (through IoT and software) to improve the product taste, texture, and oenological potential of vineyards. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Regional players constitute about ~55% of the total competitors, while country-niche players comprise a share of ~35%. Some of the major players in the market include Accolade Wines, Bronco Wine Company, Casella, Caviro Extra S.P.A. S.U, Constellation Brands, Inc., E.&J. Gallo Winery, Concha y Toro, The Sparkling Wine Co., Illinois Sparkling Co., Freixenet Sa, and among others.

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

The Global Sparkling Wine market was valued at USD ~37 billion in 2022 and is anticipated to reach USD ~55 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 Sparkling Wine market is driven by rapid socioeconomic changes and urbanization. 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 Sparkling Wine market is changing rapidly. For instance, In May 2022, Accolade Wines launched its zero-alcohol wine collection named ‘Called &Then' which is made using the company’s own de-alcoholizing technique named ‘Zero Tech X technology’. In July 2021, E. & J. Gallo Winery partnered with Randall Grahm to release a new collection of wines named ‘The Language of Yes’ which is made mainly from grape varieties in California's diverse Central Coast AVA.

The Global Sparkling Wines market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the increasing consumption of sparkling wine is the rising living standards across countries, along with the increased social engagements, and adoption of western. Though the market is highly competitive with around ~150 participants, few country-niche players control the dominant share and regional players also hold a significant share.

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Global Sparkling Wine Market

The Philippines freight and Logistics Market is expected to reach over USD 20 Mn by 2027. Will Philippines continue this growth trajectory? Ken Research

 1. Increasing Startups in the Philippines

Trends and Developments in Philippines logistics Market

• Most of the startups are specialized in financial technology, healthcare, tourism, education, new technologies, real estate and others which have aided the online logistics industry.
• Some of the popular startups launched in the Philippines include zennya, Sprout Solutions, Coins.ph, Kalibrr, mClinica, Ayannah, Squadzip, engageSPARK, Edukasyon.ph, Pushkart.ph. and several others.
• The Philippines is a thriving market for investors, as the country’s economic situation is growing and the majority of the population are young workers and frequent internet users. The Philippines E-commerce industry is growing as more and more young entrepreneurs are launching their businesses in the country.
• The Philippines have around 700 start-ups as of October 2021, an increase of 156 % from 273 start-ups in 2017. The number of start-ups in the country is expected to keep growing in succeeding years.

2. Increasing Trade Activities in Philippines

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The Philippine economy grew by 5.7 % in 2021, beating the government’s 5-5.5 % target range and rebounding from the 9.5 % pandemic-induced recession in 2020.  This strong economic performance, the second fastest in ASEAN, brought the Philippines closer to its pre-pandemic 6.6 % average gross domestic product (GDP) growth rate from 2012-2019.

The Philippines has been considered as one of the most strategic locations in the Indo-Pacific Ocean. The rapid evolution of its logistics industry has been credited to high trade traffic in both international and domestic market. The country has been considered as a trade hub due to the export of electronics, raw fibres and import of apparels and other products. The presence of such system of high volume exchange of goods has propelled the growth of the logistics industry in the Philippines.

3. Entry of Foreign Players are merging with domestic players to set an industry benchmark

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The rapid evolution of the logistics market in the Philippines has also resulted due to the advent of international players. Companies such as DHL, TNT and F6edEx have penetrated the local Filipino market through effective collaborations with domestic companies. These companies have been responsible for the establishment of industry benchmark for the use of technology in logistics sector. Apart from the major organizations, the logistics sector in the Philippines has been also comprised of a number of small scale service providers which operate on contractual basis. Many of these small scale organizations have focused their target areas to remote locations in the country which do not possess the presence of any major players.

The Indian Fantasy Sports market has reached INR 8,000 Cr in less than five years but, will the lack of government regulations pull the growth speed of the market? Ken Research

 As technology is developing, people have started looking for more ways to take part in their favorite sports. As a result, the fantasy sports sector is registering immense growth. Presently the market has grown at a CAGR of ~164% between 2017 and 2022.

1. The Fantasy sports market is 2 decades old in India, but the market witnessed a boom in users engagement owing to the affordability of mobile internet access in India

                                    

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The way a viewer consumes and engages with sports has changed drastically in India over the last few years owing to the increasing importance, availability, and access to the internet. India with a median age of 28 years and smartphone penetration of 42 percent (2020), offers a great market opportunity that could be tapped by Fantasy Sports Players. Additionally, the cost of mobile data in India is INR 51/GB, which is comparatively lower than the global average of INR 316/GB. This makes it affordable for mobile users in India to participate in Fantasy Sports competitions. It is the big reason why most Fantasy Sports market Players offer mobile-based apps for participation. This has resulted in the overall growth of the Fantasy Sports sector.

2. However, the Fantasy Sports industry is currently subject to Varying Rules and Compliance Requirements based on the Socioeconomic Situation of Each State in India

                             

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The State Governments have been given the authority to create legislation on betting and gaming under the Constitution of India’s 7^th Schedule. As a result, if state gaming legislation exists, it takes precedence over the Public Gaming Act, which was enacted earlier in time. In addition to the PGA, a number of Indian states have implemented legislation to regulate gambling and gaming. These state laws are usually in line with the PGA, and they exempt games where the outcome is mostly determined by talent.

3. But this won’t impact the growth as the industry is buoyed by the various potential investors which will enable the Fantasy sports sector to experience double-digit growth 

                                     

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India had around 390 million gamers in 2021 and the population of this gaming sector is poised to grow exponentially in the coming years. Moreover, over the past few years, fantasy sports have been a crucial area for innovation and investment. Fantasy games' successful past and promising future have driven multiple investments in the industry. Continuous Investor interest in some of the main businesses has aided the rapid growth of Fantasy Sports in India. Other players, such as Daily Fantasy Cricket and CricNWin, have also raised Millions in investment.

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MENA Remittance Market Outlook to 2027: Ken Research

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What Is the Size of Mena Remittance Industry?

MENA Remittance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027. The MENA Remittance Market is largely driven by the increasing inflow of expatriates, digitization, e wallets and major government investments. MENA has been an expat hotspot for decades because of multi-cultural environment and a progressive nation which is known to offer a good quality of life to its residents. With the recent economic and political reform, the country has seen a tremendous growth in infrastructure development, thus creating more job opportunities and an attractive destination for expatriates. With the increasing inflow of expatriates also increases the inflow of remittance to other countries, thus fueling the MENA remittance market.

With the adoption of ‘cloud-first’ policy in 2017 by the MENA Government, the Country has attracted some of the world’s leading tech players to set up operations in the Kingdom. Most notably, cloud computing giant Amazon Web Services (AWS) launched its hyperscale Cloud Region in MENA in 2019, its first in MENA and a landmark investment.

Furthermore, the government has planned to invest billions of dollars to improve infrastructure, industry, housing and connectivity to call for more diverse economic base.  As part of MENA’s 2021 Economic Recovery Plan, MENA announced over 22 strategic infrastructure projects worth over $30 billion, which has fueled the Remittance market of MENA.

Mena Remittance Market In International Inbound By Channel

The MENA Remittance market is segmented by Channel into Banking Channels, MTOs, M-Wallet and Others. Banking Channels were the most dominant form of channel used in MENA Remittance market in 2022.

MENA Remittance Market By Inflow Of Countries

The MENA Remittance market is segmented by Inflow from Middle East and North Africa and inflow into Countries like India, Pakistan, Bangladesh, Sri Lanka, Egypt and Indonesia. Indonesia was the most dominant among others followed by India and Pakistan in 2022.

MENA Remittance Market in International Outbound by Channel

The MENA Remittance market is segmented by Channel into Banking Channel, MTOs, M-Wallets and Others. Banking channel was the most preferred form of channel in 2022 in MENA Remittance market.

Mena Remittance Market International Outbound By Outflow Countries

The MENA Remittance market is segmented by outflow countries into India, Pakistan, Bangladesh, Sri Lanka, Egypt and Indonesia. Indonesia held the major market share in MENA International Outbound Remittance market in 2022.

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Mena Remittance Market By Point of Contact

The MENA Remittance market is segmented by Point of Contact into Branch Pick-up, Mobile payment & Online Transaction and Prepaids cards. Branch Pickups held the majority of the share in the MENA Remittance market in 2022.

Competition Scenario in MENA Remittance Market

MENA Remittance Market is in the growing stage, consisting of ~ players (banks and digital payment companies) with just few companies acquitting the major portion of the market. MENA international remittance market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the MENA Remittance market are Western Union, MoneyGram, Al Barka Bank etc.

What is the Expected Future Outlook for the Overall MENA Remittance Market Across the globe?

The MENA Remittance market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% 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 MENA Remittance market is driven by the increasing inflow of expatriates, digitization, e-wallets and major government investments. 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 2020, strengthening the governance mechanisms, enabling a digital workforce, reinforcing agile 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.

The inbound remittance is expected to showcase a CAGR close to ~% and the outbound remittance is anticipated to showcase a CAGR close to ~% by value of transactions USD ~Mn. The government's infrastructure development operations are likely to enhance job possibilities in the country in the upcoming years. The majority of these positions are likely to be in the country's flourishing private sector, resulting in a considerable rise in the number of expatriates in the country. This will undoubtedly have a significant impact on rising remittance inflows and outflows, which are highly influenced by the country's expatriate community. The domestic remittance sector will also see a rise in the future with the increasing digital money transfer company.

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MENA Remittance Market

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Global Precast Concrete Market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

 What Is The Size Of Global Precast Concrete Industry?

Global Precast Concrete market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 150 Bn by 2028.

The Precast Concrete Market is largely driven by increasing investments by industry players, rise in construction activities across the globe, and high adoption of precast concrete over on-site cast concrete.

Precast concrete is superior to on-site cast concrete in several ways in terms of building infrastructure. It offers a superior level of quality than conventional techniques which is mainly due to proper technical management. One of the primary advantages of precast concrete over traditional concrete is the speed of construction as it cuts down one-third of the construction time. As a result, Precast Concrete Market is rising due to less time and effort needed.

Precast concrete has several advantages over conventional concrete, but its use in developing nations is limited by the considerable investment needed. Precast concrete things must be manufactured using expensive tools and molds that must be made using cutting-edge technology by highly skilled labor, which looks to be quite demanding for developing regions.

The COVID-19 outbreak caused worldwide lockdowns and disruptions in supply chains, all of which hurt the market in 2020. However, the market had a strong recovery in 2021 as a result of the start-up of major end-user sectors. Precast concrete is anticipated to have rapid market expansion shortly due to rising demand for environmentally friendly building techniques, increased dependency on current construction methods & urbanization.

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Global Precast Concrete Market By Product

The Global Precast Concrete market is segmented by Product into Beam and Column System, Floor and Roof System, Bearing Wall System and Façade System.

DGBEF segment held the largest market share of the Global Precast Concrete Market in 2022, as it improves thermal stability, has strong mechanical properties, and provides moisture resistance. It is used extensively across multiple end-user industries such as building & construction and automotive. DGBEF is Diglycidyl Ether Bisphenol F, a reaction product of phenol and formaldehyde. This type of Precast

Global Precast Concrete Market By Application

The Global Precast Concrete market is segmented by Application into Structural Building Components, Architectural Building Components, Transportation Products and Waste & Water Handling Products.

The liquid form segment held the largest market share of the Global Precast Concrete Market in 2022. The reason behind the largest share of this segment is a wide area of applications in almost all industries.

Precast Concrete in liquid form prevents corrosion and as a sealant, it protects surfaces, including pipelines, metal, floors, countertops, and equipment parts.

It is often found in transistors and electrical circuits to protect parts from moisture, dirt, dust, and other debris that can damage materials over time.

Global Precast Concrete Market By End-User

The Global Precast Concrete market is segmented by End-user into Residential, Commercial, Infrastructure and Industrial.

The liquid epoxy segment dominated the Precast Concrete industry in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2028.

This is due to the rapid industrialization and rise in demand for consumer electronics, flourishing the market during the forecast period. The liquid Precast Concrete has been used for years as it possesses superior quality and has strong resistance power to corrosion, chemical, heat, and others.

Hence, the growing application of liquid epoxy technology in various end-use industries will positively impact the market.

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Key Topics Covered in the Report

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

Major Players Mentioned in the report

• LafargeHolcim
• ARTO
• Sauereisen
• Kijlstra precast Ltd
• Carlow Precast Concrete Engineering
• Qingdao Qingde Precast Accessories Co., Ltd.
• Great Magtech (Xiamen) Electric Co., Ltd
• Tindall
• Oldcastle Infrastructure
• Boral Limited
• Forterra

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Notable Emerging Companies Mentioned in the Report

• Atlas Group
• Bex technology
• Cuby technology
• Minolite
• PLINX

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

• Precast Concrete Producers
• Precast Concrete Structures Providers
• Construction Equipment Companies
• Chemical Manufacturers
• Organic Building Materials Manufacturers
• Construction Sector Policy Makers
• Construction Regulation Authorities
• Architecture Firms
• Construction Tech Investors
• Chemicals Products Suppliers
• Precast Solution Providers
• Potential Investors in Construction Industry
• PE and VC Firms focused on Construction 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 Precast Concrete market