Breaking Boundaries: India’s Buy Now Pay Later Phenomenon Sparks Credit Revolution- But Is it Sustainable?: Ken Research

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The Buy Now Pay Later (BNPL) market in India has experienced an unprecedented surge, becoming a catalyst for the credit revolution in the country. With a staggering compound annual growth rate of ~321% between 2019 and 2021, the BNPL industry has witnessed remarkable growth. The sector is currently driven by factors such as increasing smartphone and internet penetration, coupled with unmet credit demands that were unfulfilled by the credit card players. However, amidst the skyrocketing growth, the sector faces certain challenges like the lack of government regulations and the rising number of BNPL fraudulent providers. Now this raises a question on the sustainability of the BNPL market. Here is Ken research observation on the landscape of the BNPL industry in India.

1. Buy Now Pay later Services (BNPL) are recognized as Proxy lending services by RBI: BNPL companies are proxies between lending partners and customers

2. In India, increasing smartphone and internet penetration, and credit demand unfulfilled by credit cards helped the BNPL players proliferate

2.1 Additionally, E-commerce and convenience offered by BNPL services are primary reasons for users to adopt Pay Later practices

3. Currently, no laws specific to BNPL lending are in place: RBI is considering measures and policies to regulate the BNPL market

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3.1 Also, the large number of fraudulent BNPL providers is a concern for the consumer that inhibits the growth of the industry: New regulations could change the scenario for BNPL companies

4. Still, the industry has a high potential to thrive exponentially owing to the Convenience of credit offered by BNPL players

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India Buy Now Pay Later Market

 

 

Online Test Prep Accounts for a Significant Share of the Test Prep Industry's Total Revenues of More Than Rs 55000 Crore by 2020: Ken Research

 Growing penetration of online test prep solutions in tier-2 and tier-3 regions along with rising number of internet users in the country has been helping the India online test preparation market to register robust CAGR of more than 55% by 2020-2025, as per findings released by Ken Research.

 1. Tier-2 and Tier-3 City Audiences form 60-70% of the user base for Online Test-Prep Players.

Click to Read Full Article: India Test Preparation Market

Users for Test-Prep courses & material is working professionals & students both, but students edge it out to hold a leading share; students opt for test-prep courses more often than working professionals, who also rely on self-study invariably. While the major hotspots for competitive exam aspirants included Uttar Pradesh, Telangana, Madhya Pradesh, Bihar, Andhra Pradesh, Maharashtra, Delhi & Rajasthan, almost 70% of government job aspirants come from Tier II, Tier III & Tier IV cities.

2. Rising Internet Users in India Correlates to Leading Preference of Online Test Preparation; How Does This Shape India Test Preparation Market?

• A staggering 90% of students in a 2019 Grade up survey indicated that they would prefer online modes of test preparation over offline modes. The figure stood at95% for aspirants belonging to Tier-3 & Tier-4 cities.​ Students adopting Online Test Prep due to Learning Flexibility, Affordability & Prevalence of Immediate Results; working professionals going for Online Test Prep due to Convenience, Performance Tracking & the Ease provided to concentrate at home. Moreover, Students preferring online learning primarily opted for Live-online Classes while a lesser proportion opted for Recorded Lectures.
• Among students who are currently pursuing offline exam preparation, 70% would move to online modes if they can get access to live-online video classes. The figure went up-to 80% in-case of Tier-2 & tier-3 cities. The major reason for this shift was cited as Getting Access to Expert Faculty, further strengthening the premise that Tier-2 & Tier-3 cities have sub-standard teaching facilities at centers. Other reasons included the interactive nature that helped in doubt resolution & proper planning through a day-wise.

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UK EV Charging Equipment Market set to grow ~30% CAGR by 2027: How can investments in solving poor charging infrastructure and long queues propel future growth? : Ken Research

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UK EV Charging Equipment Market set to grow ~30% CAGR by 2027: How can investments in solving poor charging infrastructure and long queues propel future growth? : Ken Research

Government will invest £100 Mn in Britishvolt as the car battery manufacturing startup and 500Mn will be invested to bring High Quality and Competitively Priced Public Charge-Points, Says a report by Ken Research

1. UK Government Grants: Promoting Electric Vehicle Adoption through Home and Workplace Charging Schemes, Infrastructure Investment Fund, and Residential Charge Point Scheme.

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The UK government offers a 75% cost contribution for one charge point, with a maximum grant cap of £350 per installation, focusing on home charging for flats and rented accommodation. Over 277,000 charge points have been delivered through the EVHS, and a new £450M fund has been launched for larger-scale infrastructure projects, including rapid hubs and on-street schemes. There is also a voucher-based scheme that supports eligible applicants with 75% of purchase and installation costs, up to £350 per socket, and up to 40 sockets per applicant. Additionally, local authorities can receive grant funding for on-street EV charge point infrastructure, which has supported 2,038 charge points to date, with a further 4,539 planned for 2021-22.

2. Addressing the Growing Demand for Charge Points in the UK: Alleviating End User Frustration over Long Queues and Limited Availability.

Various Government Initiatives Help The Indian Agritech Industry Revenue to Reach Almost INR 11,000 Cr By 2025; Will The Growth Sustain? Ken Research

 Government initiatives such as upgrading of ~22,000 rural haats into Gramin Agricultural Markets, development of 1000 new FPOs, connecting additional 195,000 villages with paved roads by 2025, are expected to supplement the industry’s growth, as per findings released by Ken Research.

1. Government to set up 1,000 farmer producer organizations, allocates nearly, Rs 7,000 crore.

Click to Read Full Article: India Agritech Market

For the transformation of agriculture into a sustainable enterprise through farmer producer organizations (FPOs), the central government proposed to form and promote 10,000 new FPOs in the country with budgetary provision of nearly Rs 7,000 crore. Moreover, "Formation and Promotion of Farmer Producer Organizations” launched on February 19, 2020, to promote 10,000 FPOs in the next five years, starting 2019-20, which would help small, marginal and landless farmers to enhance their income. The objective of the scheme is to provide small and marginal farmers "better collective strength for better access to quality input, technology, credit and better marketing access through economies of scale for better realization of income".

2. Pradhan Mantri Fasal Bima Yojana (PMFBY) becomes a lifeline for the prevalent marginal farmers in India.

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There are estimated about 150 Mn farmers in India with almost 85% of them, owning less than two hectares of farmland. A farmer with average land holding of about one hectare earns a gross income of about Rs 100,000 to meet his personal, family, and occupational needs. Taking the poor condition of the marginal farmers Indian government came with the program- Pradhan Mantri Fasal Bima Yojana (PMFBY) to provide a comprehensive insurance cover against failure of the crop thus helping in stabilizing the income of the farmers.

3. Agri-Market Infrastructure Fund (AMIF) with a corpus of Rs. 2000 crore with the National Bank for Agriculture and Rural Development (NABARD) sets the path for the agritech industry to grow.​

Government of India has announced to develop and upgrade existing 22,000 rural haats into Gramin Agricultural Markets (GrAMs). In these GrAMs, physical infrastructure will be strengthened using MGNREGS and other Government Schemes. Further, the Government has announced to set up of an Agri-Market Infrastructure Fund with a corpus of INR 2000 crore for developing and upgrading agricultural marketing infrastructure in the 22000 Gramin Agricultural Markets (GrAMs) and 585 Agricultural Produce Market Committees (APMCs).

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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

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

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