Investment in India’s Agri-tech market grew exponentially at a CAGR of 178%. Read more to know the cause of it: Ken Research

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Investment in India’s Agri-tech market grew exponentially at a CAGR of 178%. Read more to know the cause of it: Ken Research

India's immense cargo-ecological diversity is the major reason for making it a global agricultural powerhouse. The agriculture sector is a significant contributor to India's economy which accounts for nearly 16 percent of the GDP and employs 44 percent of the workforce nationally.

1. Agriculture is the Backbone of the Indian Economy and is witnessing Consistent Growth in GVA over the Years

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The agricultural industry in India has been growing over the years but has experienced volatility and fluctuation. It is because market growth depends on various factors such as climatic conditions, crop productivity, weed management, and pest and disease management. Due to this, the satisfactory monsoon season in FY’17 led to high growth in agricultural production and the unfavorable monsoon in FY’19 led to a minor decline in agriculture production.  

2. To lower the dependency on climate and socio-economic uncertainties and the growth of Agri-tech Startups, the Indian government has launched 500 crore accelerator programs

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Over 500 Agri-tech start-ups are based in India and the number is consistently rising. These start-ups have innovative ideas that assist farmers in improving farming techniques and increasing production. To encourage these startups and promote technology and digital disruption in the agriculture sector, the government of India has been proactively launching various schemes and programs. Recently, Shri Narendra Singh Tomar, the Union Minister of Agriculture and Farmers Welfare of India announced that an Rs. 500 crore accelerator program for taking forward and popularizing the successful initiatives of Agri Startups will be started.  Moreover, the government has also invested around INR 6.25 Cr in 66 Agri-tech startups to spur the consumption of millet in the country and the government has also informed that another 25 startups have also been approved for further funding. 

3. The investment from private equity investors has also increased with~178% in the Indian Agri-tech sector owing to the rising popularity and support from the government

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The landscape of investments in Indian Agri-tech startups has changed drastically over the last five years. Several venture capital funds, loan funds, and angel investors have supported the Agri-tech market in India. In 2020, Bengaluru-based greenhouse Agri-tech startup Clover announced that it had raised ₹ 7 Cr in venture debt from Alteria Capital. Clover partners with farmers across India and markets premium quality, branded, greenhouse-grown fresh produce through B2B and B2C channels. Moreover, in 2022, Gurugram and Patna-based Agri-tech platform DeHaat made it to the headlines as it had raised $60 million in a new funding round. In 11 states, 110,000 villages, and more than 150 ZIP codes around India, DeHaat uses artificial intelligence to assist 1.5 million farmers with sourcing raw materials, locating advising and financing services, and marketing their harvests.

Cross-border remittances act as a catalyst in the Indian Crypto Exchange Market – How will it drive the prosperity of digital currency growth in India? Ken Research

 The young (20-40 years) demographic primarily forms the largest chunk of the investor base engaging in cryptocurrency transactions.

1. Domestic Crypto Exchange companies capture the major segment of the market accounting for about 70% to 80% in 2021; attributed to growing number of domestic start-ups

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• Domestic Crypto Exchange Companies accounted for highest market share of around 75% in 2021 attributed to the ease of trading through these platforms as compared to foreign companies where for trading direct monetary funds cannot be used.
• Southern and Western region dominated the Indian crypto exchange market with a combined share of ~74% on the basis of revenue contribution in 2021.
• Regular method of transaction accounted for the highest market share of ~95% in 2021 because they were more preferred by the traders as they provided anonymity and privacy protection.

2. Cross-border remittances and decentralized finance will be major traction for investors- Growth Drivers of the Indian Crypto Exchange Market

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Cryptocurrency as a cross-border payment medium will make a big difference in the Indian market. Due to great remittance demand, it will drive the prosperity of digital currency growth in India for a long time. Since cross-border transactions traditionally carry high fee using bitcoin or other cryptocurrencies as a cross-border payment medium, Indians can save a large number of remittance fees.

DeFi (Decentralized Finance) has seen an incredible rise over the last year, with there being a $50 Billion market cap and a roughly 80% growth in DeFi at a global level. DeFi also brings in multiple possibilities in the form of improving financial infrastructure, preventing financial fraud, attracting international capital etc. NFTs (Non-Fungible Tokens) have also risen in popularity like DeFi.

3. Introduction of Central Bank Digital Currency and increasing popularity of NFTs among others is contributing to the visibility of Digital currencies in the Indian Market- Major Trends

Introduction of a CBDC or Central Bank Digital Currency shall lead to a more efficient and a cheaper currency management system, along with the transparency it would bring on a real-time basis, as well as acting as a tool against tax evasion. Also, a CBDC would essentially be the same as the paper currency but in a digital format, which means that it would also be sovereign-backed.

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Non-Fungible Tokens (NFTs) are becoming an increasingly popular means of movie promotion, with several stars such as Amitabh Bachchan and Salman Khan launching their respective NFT collections. Salman Khan has also become the brand ambassador for Chingari's (A short-video app) NFT Marketplace. Actors Rajnikanth and Kamal Hassan also launched NFT series.

UAE logistics industry is concentrated with top 5 players contributing about 50% of the domestic express revenues in 2019- How will the 3 growth drivers help the market become sustainable in future? : Ken Research

 1. UAE oil and gas logistics market is driven by high contribution of exports to UAE government

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UAE Logistics Market

The Abu Dhabi National Oil and Gas Company is looking to raise crude production capacity to 5 million barrel per day (bpd) by 2030. Enhanced production provides an opportunity for Oil and Gas logistics firms to capitalize.

Currently ongoing and upcoming projects such as Upper Zakum- Production Capacity Enhancement  nearly $ 21 bn, Ruwais Refinery Complex around $ 20 bn  and Abu Dhabi North West Development - Hail and Ghasha Sour Gas around $ 15 bn are expected to be the driving force for Oil and Gas logistics going forward.

2. Growth in Online Selling and Increasing propensity of consumers to buy online is propelling growth in E-Commerce Logistics

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UAE E-Commerce Logistics Market accounts for nearly 2.5% share in the logistics revenues in the country in 2019. High internet penetration, more concentration of millennial among new buyers and a rise in SMEs selling online have driven E-Commerce growth in the UAE.

E-Commerce business activities among express companies such as DHL and Emirates Post have been growing with nearly 40% Y-o-Y, since last 2-3 years.

COVID-19 induced lockdowns in the country, gave an opportunity to retailers and shopkeepers to sell products online, hence establishing a large need for delivery and e-commerce logistics.

3. Demand for COVID-19 related Medication, expected to drive Pharmaceutical Logistics Market growth

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High rate of population growth, increased life expectancy and prevalence of lifestyle-related diseases such as diabetes have led to growth in the pharma industry in the UAE. The COVID-19 situation has led growth in pharma logistics with drugs such as Remdesivir and HCQ being imported into the country.

Around $1.2 Bn was allocated to healthcare in 2019 budget in the UAE, on top of the funds allocated in the ($ 540 Mn) innovation fund set up by Sheikh Mohammed bin Rashid Al Maktoum

Eyeing beyond INR 20 Th Crore Opportunity for Digital Freight Market in India by 2025- What will make the industry more lucrative in future? Ken Research

 The digital freight brokerage market is expected to be consolidated in future with few players dominating the market, says a report by Ken Research.

 1. The Funding Wave in India Digital Freight Brokerage Market

                      

Investment Scenario in Digital Frieght Market India

• The investment has been across the three key areas -- long haul movement, short haul delivery and logistics software solutions, with long haul earning great interest.
• Intracity space has also captured interest of investors. For instance, a Bangalore based intra-city logistics startup named Let’s Transport raised nearly USD 20 Mn across four funding rounds since 2015 uptil now.
• OEMs have shown interest in this sector, for instance, TATA Motors via its subsidiary, acquired  26%  stake in the intra-city startup “TruckEasy” for an undisclosed amount in July 2018.

2. Trends and Developments to look for in India Digital Freight Brokerage Market

             

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• Border wait time has dipped from 70 minutes to 10 minutes, particularly in states such as Assam and Andhra Pradesh. At present, 22 checkpoints have been dismantled. This will lead to the fixed costs associated with truck hiring going down by 3-5% because the rest is variable.
• India’s digital freight logistics sector is attracting marquee venture investors as more large and small enterprises are seeking to leverage technology to move their goods. Investors are seeking to fund this venture owing to the fact that on demand transportation services is about 20% cheaper than offline players.
• With logistics management apps solution, shipper or admin app, driver app, an app for merchant is all integrated. Shippers and merchants can track the overall distance covered. This will further help drivers to optimize the route, reach destination on time and get more deliveries done every day.

3. Impact of the government regulations over India Digital Freight Brokerage Market.   

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• Road transport and highways ministry has increased the permissible load carrying capacity for trucks and tractors that are already plying by 20-25% to the same capacity. Owing to this, overloading is anticipated to reduce in the trucks. In case of contract booking, aggregators will witness an increase in earning as they may charge higher prices from their carriers due to higher load capacity.
• Driver profile provisions lay down the qualifications of the drivers and the licenses/ permits that they have to procure in order to be eligible to drive taxis enlisted on a digital market place.
• License Provisions make it mandatory for aggregators to procure licenses from the respective authorities, state the period of validity of such licenses, application and renewal procedure and conditions to be satisfied to become eligible to procure such a license.

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Indian Credit Card Market Outlook to 2027: Ken Research

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Competitive Landscape Of Indian Credit Card Industry, 2022

Traditionally, Indian Credit Card Industry has been dominated by banks such as HDFC, SBI, ICICI and Axis. However, FinTechs such as  Slice, OneCard, Uni Cards, PostPe, LazyPay are disrupting the banking space by changing the whole ecosystem of how banks traditionally work and bringing in a digital change across all segments. In the last few years, the credit space has seen some of the most popular offerings globally by neobanks. New players are entering the credit space in India and have started providing credit cards and digital lending via BNPL, EMI and other services. These FinTech start-ups are also partnering with traditional banks to launch new products and services in the untapped market. These Credit Card issuing Platforms in India compete on the basis of user-friendly interface, easy and quick KYC norms, advertisement, wide range of investment options they offer, EMI/loans, NIP and low transaction fees. One of the major competition parameters is facilitation of secure transactions, rewards and cashbacks provided for traction of users, hassle free payments without waiting for OTPs, transparency and service diversification such as wallet options, using virtual credit cards as mode of payment for buying goods/services instead of fiat currency being provided by the credit card issuing platforms to their users. Credit card companies often offer 0% APR on purchases and/or balance transfers for a limited period of time with better promotional incentives in case of personal cards which has led to higher issuance of these cards when compared to credit cards issued for commercial purposes. However, in coming years, the international credit card issuing platforms are eyeing a piece of the Indian credit card, either through independent operations or co-branding partnerships. In essence, the credit card industry has a lot more potential to flourish across the country if its pain points can be resolved fast, paving the path for a robust penetration of Credit cards

Apart from covering comparison dynamics between major credit card issuing platforms in India, the report also provides comprehensive insights on the company profiles of leading fintech’s and bank in the ecosystem. The profiles of fintech’s cover various parameters such as Company Overview, About the Company, Revenue Model, Funding and Investors, Key Features, Fee Structure, Product Offered, Strengths, Recent Developments, Key Takeaways and Financials and profiles of banks incorporates Bank Overview, About the Company, Business Model, Product Offered, Key Features, Strengths, Recent Developments and Key Takeaways.

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Future Outlook and Projections of Indian Credit Card Industry, 2023-2027E

Indian credit card industry is expected to expand with a CAGR of XX% in between FY’22 and FY’27 on the basis of revenue generated. It is anticipated that credit card industry will grow at a substantial rate owing to factors such as due to wider acceptability at shops and better product offerings in a competitive landscape in the coming years. India has been culturally conservative towards credit and it is always seen as a debt trap instrument. But new-age start-ups are very focused on changing this mentality by creating awareness about how credit cards and BNPL can be used for daily expenditure. Many new FinTechs will be entering the Indian credit card space by offering credit cards to individuals and corporates. All FinTechs in this space are trying to attract customers through their digital offerings and will witness significant growth in new credit card customers in the coming years. FinTechs are also focusing on bringing out co-branded cards with features and rewards dedicated to a segment. Co-branding has enabled banks to acquire customers fast and at a lower cost. There are co-branded credit cards in the market which are specifically designed for market players. Banks are also exploring partnerships with FinTech players to acquire new customers to their platforms. Banks are actively participating to provide open APIs to the FinTechs to leverage their ecosystem and on-board new credit card customers. Banks should focus on bringing these FinTechs on board with co-branded partnerships in the credit card space. The focus should be on introducing more propositions in the high-spend categories. This will help banks to not only provide better offerings to their existing customer base and acquire new customers but also earn higher interchange.

Some global players are providing best-in-class credit solutions with the latest mobile application features such as digital onboarding, enhanced UX/UI, single click payment, QR, token-based payments, dispute resolution, in-app support and spend analysis. Traditional players need to take a cue from these players to enhance their offerings in the coming future. The credit EMI market has traditionally been dominated by offline retail. However, due to advent of COVID-19, online buying is gaining traction among the customers. Players in this sector need to focus more on building the Omni channel ecosystem to cater to both the offline and online market.

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Key Segments Covered in Indian Credit Card Industry

Indian Credit Card Market

By Purpose of Usage

• Shopping/ Non-ATM Purpose
• ATM Withdrawals

By Payment System Operator

• Regular VISA
• Peer to Peer Mastercard
• Rupay
• America Express
• Others

By Type of Credit Card

• Personal Credit Card
• Commercial Credit Card

By Average Ticket Size of Loan Disbursement

• Less than Rs. 25,000
• Between Rs 25,000- Rs. 50,000
• Between Rs. 50,000- Rs. 100,000
• More than Rs. 100,000

• Business Model Analysis of NewGen Cards
• Business Model Analysis of BNPL Cards
• Business Model Analysis of Loan EMI Cards

Overview of India Credit Card Industry

• Comparison of Indian Credit Card Industry with Other Countries
• Value Chain Analysis of Credit Cards
• Scope for the Credit card in Semi-Urban and Rural India

Key Target Audience

• Credit Card Issuing Banks
• New Gen Credit Cards Players
• Traders Loan EMI Credit Cards Players
• Banking Institutions Payment System Operators
• Regulatory Bodies BNPL Credit Cards Players
• FinTechs
• Various International Digital Lending Platforms and Players
• New Entrants in Credit Card Space
• Potential Credit Card Users

Time Period Captured in the Report:

• Historical Period: FY’2017-FY’2022
• Forecast Period: FY’2022-FY’2027F

Indian Credit Card Industry Players/Ecosystem

Credit Card Issuing Banks

• HDFC Bank
• SBI
• ICICI
• Axis Bank
• IDFC Bank
• RBL
• IndusInd Bank
• Citibank
• Bank of Baroda
• Standard Chartered Bank
• Kotak Bank
• South Indian Bank

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New Gen Credit Cards

• Slice
• OneCard
• UniPay Card

Loan EMI Credit Cards

• Bajaj Finserv
• Tata Capital
• HDFC EasyEMI
• Home Credit India

Cards BNPL Credit Cards

• Simpl
• ZestMoney
• LazyPay
• CASHe
• PostPe
• Amazon Pay Later
• Flipkart Pay Later
• Ola Postpaid
• Paytm Postpaid
• Flexmoney
• ICICI PayLater

Payment System Operators

• Visa
• Mastercard
• American Express
• Rupay
• UPI

Key Topics Covered in the Report

• Overview and Genesis of Indian Credit Card Market
• India Credit Card Industry Cycle
• Overview of Credit Card Services/ Products
• Consumption Expenditure and Borrowing Trends
• Emerging business models- Loan against Credit Cards
• Socio-Demographic Outlook of India
• Economic Outlook of India
• Bank Loan Rates

• Financing Options in India

• Overview of India’s Banking Industry
• Digital Payment Growth v/s Cash Payment Growth
• India Credit Card Industry Introduction
• Comparison of Indian Credit Card Industry with Other Countries
• Ecosystem of Entities in the Indian Credit Card Industry
• Value Chain Analysis of Credit Cards
• India Credit Card Market Sizing on the basis of number of credit cards outstanding, Number of Credit Cards Issued by Issuer Bank. Credit Card Transaction by Volume & Value and Annual Credit Card Spend and Monthly Transactions
• India Credit Card Market Segmentation (By Purpose of Usage, By Payment System Operator, By Type of Credit Card, By Average Ticket Size of Loan Disbursement).
• Business Model Analysis of NewGen Cards

• Cross Comparison of Major Players in the NewGen Cards Segment

• Business Model Analysis of BNPL Cards

• Cross Comparison of Major Players in the BNPL Cards Segment

• Business Model Analysis of Loan EMI Cards

• Cross Comparison of Major Players in the Loan EMI Cards Segment

• Trends and Developments
• Growth Drivers of the Indian Credit Card Industry
• Restraints and Challenges
• Alternative Assessment for NIP (No-Income-Proof) Customers for Credit Card Offerings
• Collection risks associated with credit card
• Key Metrics of Credit Card Issuers in India
• Government Initiatives in the Indian Credit Card Industry
• Pradhan Mantri Jan Dhan Yojana (PMJDY)
• Pradhan Mantri Jan Dhan Awas Yojana (PMAY)
• Initiatives to Promote Access to Data & Innovation
• Regulatory Sandbox
• Launch of India Stack
• Recognising P2P Lenders
• Increase in number of Fintech start-ups
• Growth of Digital Lending,
• Credit Growth in Rural India
• Evaluation of KYC Norms

• Company profile of major Bank players operating in the ecosystem (Bank Overview, About the Company, Business Model, Product Offered, Key Features, Strengths, Recent Developments and Key Takeaways)
• Company profile of major FinTechs players operating in the ecosystem (Company Overview, About the Company, Revenue Model, Funding and Investors, Key Features, Fee Structure, Product Offered, Strengths, Recent Developments, Key Takeaways and Financials)
• Analyst Recommendations
• Industry Speaks

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

Indian Credit Card Industry

Related Reports by ken Research: –

India Buy Now Pay Later Market Outlook to 2026

Asia Credit Cards Market Outlook to 2025

Global Medical Polymer Market is expected to reach ~USD 25 Bn by 2028F: Ken Research

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Global Medical Polymer Market By Geography

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

North America accounted for the largest market share within the global medical polymer market in 2022, owing to the rising geriatric population, and surging government initiatives and programs towards the medical sector.

The rising geriatric population and surging chronic diseases in the region, are likely to fuel the demand in the medical polymer market.

Increasing government initiatives and investment in the medical and healthcare sector, along with the growing home healthcare market are expected to boost the demand for medical devices. Increased demand for medical equipment and devices, is likely to positively impact the medical polymer market.

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Competition Scenario In Global Medical Polymer Market

The global medical polymer market is significantly competitive with ~100 players which include globally diversified players, and country-niche players as well as a majority number of regional players having their niche in medical polymer manufacturing multiple products for various medical applications.

Regional players held the largest share by competitor type. While large global players constitute about 15%. Some of the major players in the market include BASF SE, Evonik Industries AG, Covestro AG, Kraton Corporation, Eastman Chemical Company, SABIC, Celanese Corporation, DSM, Arkema, INEOS, and others.

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

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

The Global Medical Polymer market is driven by growing chronic diseases, rising number of patients worldwide, and surging healthcare infrastructure by government active participation and investments. 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 Medical Polymer market is changing rapidly. For instance, In July 2021, Celanese Corporation announced an expansion of its Florence, Kentucky research and development center with the addition of a Pharmaceutical Drug Delivery Feasibility Lab.

In February 2020, Clariant launches a medical polymer compound resistant to hydrolytic degradation.

In April 2018, BASF has started up a new production line for its high-temperature resistant thermoplastic Ultrason (Polyarylsulfone) at its site in Yesou, Korea.

The global medical polymer market witnessed significant growth during the period 2017-2021, owing to the increasing number of chronic diseases, and growing geriatric populations worldwide. The growth rate is expected to remain significant during the forecast period.

Though the market is significantly competitive with ~100 participants, the majority of regional players dominate the market share by type, and global players hold a significant market share.

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Key Topics Covered in the Report

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

Major Players Mentioned in the Report

• BASF SE
• Evonik Industries AG
• Covestro AG
• Kraton Corporation
• Eastman Chemical Company
• SABIC
• Celanese Corporation
• DSM
• Arkema
• INEOS

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Notable Emerging Companies Mentioned in the Report

• Cocoon Biotech
• ADBioplastics
• BioMed Element
• XAMPLA
• Cypris Materials

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

• Medical Polymer Manufacturing Companies
• Medical Polymer Marketing Companies
• Medical Polymer Material Suppliers
• Potential Investors in Medical Polymer Companies
• Bio Polymer Manufacturers
• Medical Packaging and Component Manufacturers
• Consulting Companies in the Chemical and Healthcare Market
• Government And Research Organizations Working in the Chemical and Healthcare Industries
• Investment Banks Targeting the Chemical and Healthcare Industry
• Medical Machine and Equipment Manufacturers
• Medical Plastics Manufacturers
• Laboratory Equipment Manufacturers
• Healthcare Products Manufacturers
• Medical Device Packaging Manufacturers
• Plastics Chemical Manufacturers
• Organic Polymers Manufacturers
• Medical Implant Packaging Manufacturers
• Medical Soft Goods Manufacturers
• Biopharma Devices Manufacturers
• Government Healthcare Departments

Time Period Captured in the Report

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

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

Global Medical Polymer market

Global Vegan Cosmetics Market is expected to reach a market size of ~US$ 20 billion by 2028: Ken Research

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What Is the Size of Global Vegan Cosmetics Industry?

Global Vegan Cosmetics market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 20 Bn by 2028. The Vegan Cosmetics Market is largely driven by growing popularity of plant-based products, combined with the emerging veganism trend across countries.

The rising government implementation of prohibiting animal testing for cosmetics across countries is a significant contributor to the growth of veganism. Increasing dissemination of counterfeit cosmetic products across countries may impede the growth of the vegan cosmetics market.

The ongoing COVID-19 pandemic has bolstered demand for vegan cosmetics as consumers actively seek to improve their consumption patterns beyond food, particularly those who have been infected with the virus.

Global Vegan Cosmetics Market By Product Type

The Global Vegan Cosmetics market is segmented by Product type into Skin Care, Hair Care, Makeup and Others. The Skincare segment held the largest market share of the global vegan cosmetics market in 2022, owing to increasing concern regarding skin nourishment due to numerous factors, such as the increasing occurrence of acne, black spots, scars, dullness, and tanning.

Vegan skincare typically helps in preventing the diseases, such as eczema, psoriasis, and other skin allergies due to the presence of antioxidants. Furthermore, the adverse effects of conventional skincare products, such as itching, skin irritation, and blisters, are allowing individuals to opt for natural and vegan skincare products.

Global Vegan Cosmetics Market By Distribution Channel

The Global Vegan Cosmetics market is segmented by Distribution channel into Supermarkets/Hypermarkets, Specialty Stores, Online Channels and Others. The Supermarket/Hypermarket segment held the largest market share of the Global Vegan Cosmetics Market in 2022. The growth is mainly attributed to the availability of a variety of products at lower or discounted prices as compared to other stores.

The modernization of retail stores across countries, notably in emerging countries, is increasing revenue generation through off-trade sales channels, such as supermarkets/hypermarkets.

Global Vegan Cosmetics Market By Gender

The Global Vegan Cosmetics market is segmented by Gender into Women and Men. The Women segment held the largest market share of the Global Vegan Cosmetics Market in 2022, owing to the increasing number of working women across countries.

For instance, according to World Bank, as of June 2022, the women labor force participation rate is 46% globally. Women usually experience more acne, wrinkles, and blocked skin follicles than men, which leads to oil, bacteria, and dead skin buildup in pores, influencing them to use more natural, organic, and vegan cosmetics.

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Global Vegan Cosmetics Market By Geography

The Global Vegan Cosmetics market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Europe accounted for the largest share of the Global Vegan Cosmetics Market in 2022 and will remain dominant during the forecast period (2022-2028).

The growth is mainly attributed to the emergence of a large number of prominent players for cruelty-free cosmetics in Europe, notably in Italy, France, the UK, Germany, and Spain. Furthermore, the European government’s move to prohibit animal testing for cosmetics is also encouraging individuals to use vegan cosmetics. In April 2022, European Union stated that selling cosmetic products tested on animals is prohibited and the testing applies to both the final formulation and the ingredients of the product.

Competition Scenario In Global Vegan Cosmetics Market

The Global Vegan Cosmetics Market is highly competitive with ~500 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 to enhance the texture of products. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Country-niche players comprise about ~65% of the total competitors, while regional players constitute ~30% of competition. Some of the major players in the market include Arbonne International LLC, Coty Inc., Gabriel Cosmetics, L'Oréal S.A., Lush Retail Ltd., Shiseido Company, Limited, Plum, Disguise Cosmetics, Estée Lauder Companies Inc., Pacifica Beauty LLC, Amway Corp., L'Occitane en Provence, and among others.

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

The Global Vegan Cosmetics market was valued at USD ~billion in 2022 and is anticipated to reach USD ~20 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 Vegan Cosmetics market is driven by growing popularity of plant-based products, combined with the emerging veganism trend across countries. 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 Vegan Cosmetics market is changing rapidly. For instance, In December 2021, L’Oreal S.A. acquired Youth to the People, a U.S.-based company that manufactures vegan skin care products with plant extracts and innovative active ingredients.

In July 2021, Coty Inc. relaunched its existing brand Kylie Cosmetics with a new and improved vegan formula. The updated formulas are free of animal oils, parabens, and gluten and nearly 1,600 other harmful and irritating ingredients. The global vegan cosmetics market is forecasted to continue the exponential growth at ~6% that is witnessed since 2017. The major driving factor contributing to the growing popularity of plant-based products, combined with the emerging veganism trend. Though the market is highly competitive with around ~500 participants, Country-niche players comprise the dominant share of competitors and regional players also hold a significant share.

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

Global Vegan Cosmetics Market

3 gears that have enabled the Vernacular market in India to reach more than INR 3500 Cr in FY’22: Ken Research

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3 gears that have enabled the Vernacular market in India to reach more than INR 3500 Cr in FY’22: Ken Research

Due to rapid digitalization in the country, more and more people have started consuming regional content online which has enabled the vernacular news and content industry to grow with ~60% CAGR during the years 2017 and 2022. The market has a huge potential to continue its growth with double-digit CAGR in the coming years as well owing to the increase in monetization efforts, and the entry of new players.

1. With over 50 Crore smartphone penetration and tremendously increasing internet users, India shows a high potential for the vernacular market to expand in the country

Click to Read Full Article: India Vernacular News and content market

India is the most populated country with over 80 Crore internet users and 50 Crore smartphone penetration in the nation. This rapid digitization gave a big push to the regional content market in India because the majority of internet users are from lower-tier cities as compared to metro-city users and these users prefer reading, listening to, or watching content in their local language. YouTube even stated that 95% of its users opt for regional language videos.

2. Presently, English is used by less than 1% of the population as their primary language, explaining the growing demand for the vernacular market in India

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9 out of every 10 new internet user is likely to be non-English user in India. English is used by less than 1% of the population as their primary language and less than 10% as a second or third language, explaining the huge opportunity for the vernacular content market to tap the country. Presently, Marathi, Tamil and Kannada have the highest proportion of users preferring their native language over English or Hindi for online content consumption. This has additionally given an edge to the vernacular market to flourish in India with double-digit growth.

3. The government is also playing a key role in building the vernacular ecosystem in the country and assisting entrepreneurs to boost the vernacular market growth

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To empower innovators and entrepreneurs across the country, Atal Innovation Mission (AIM), NITI Aayog has announced the Vernacular Innovation Program (VIP), which will help innovators and entrepreneurs in India to have access to the innovation ecosystem in 22 scheduled languages by the Government of India. To build the necessary capacity for the VIP, AIM has identified and will be training a Vernacular Task Force (VTF) in each of the 22 scheduled languages. Each task force comprises vernacular language teachers, subject experts, technical writers, and the leadership of regional Atal Incubation Centers (AICs). This is done in order to break the language barrier and help the vernacular industry to continue booming in the country.

India’s EduFin market is expected to reach ₹ 31,000 Cr by 2026 owing to Government Initiatives such as SWAYAM & Diksha. Will the projections justify the growth rate? : Ken Research

 The industry will be witnessing a CAGR of over 40% with government taking care of the pain points & expanding the market horizon, says a report by Ken Research

1. Demanding Reforms: India's Vast Education Market Calls for Continuous Development

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India has a population of over 1 Bn with over 26 Crore students just at the school level. Every year over 8 Mn College Going Students require skill development to be Job Ready. There is a continuous need for summer training programs of <2 months (8 weeks) and career programs of 3-5 months for interview prep, finding internship opportunities and resume building is a necessity for college going students in order to get employed. When it comes to PG students, annually 4.5 Mn people pursue traditional PG Programs (MA, M.Com, MSc, MBA, Ph.D) who require constant job placement support and corporate-ready skills. Out of total corporates; 32 Mn working professionals feel the need for continuous part-time Specialized Up-skill courses. Job professionals are also interested in upskilling themselves to climb up the corporate ladder, indicating a dire need for reforms in the Edtech & Edufin Market in order to fulfil the increasing demand. 

2. “Government & Consumer interest:” The Edufin market in India has seen a buzz in recent years as people resort to education loan schemes.

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With one of the world's fastest-growing economies, India has undoubtedly emerged as one of the fastest-growing FinTech hotspots in recent years. When it comes to education market, Students and parents are being more in favour of SNPL, zero-cost, and seamless pay-later solutions in the edufin market. In contrast to traditional choices, there is a rising number of unique customer-centric education finance programs. Additionally, PMVLK is a one-of-a-kind platform for students looking for education loans. It offers students a single-window electronic platform for information access and prepares applications for Educational Loans and Government Scholarships. This program seeks to include all banks that offer educational loans.

This government effort is anticipated to help students across the country by providing a single point of entry to various Educational Loan Schemes offered by all banks. Moreover, in the last 18-24 months, a new trail of startups, digital lenders, and NBFCs have attempted to enter the education finance space by offering flexible loans at low or zero interest rates, admissions, and career counselling support, and a ‘Study Now, Pay Later’ option – an extension of FinTech’s popular ‘Buy Now, Pay Later.

3. New reforms by the Government & Entry of new startups alongside a digital wave are expected to be witnessed by the EduFin Market in India.

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India’s EduFin market is expected to reach in the next 5 years owing to the adoption of EdTech sector. Education reforms in the form of the National Education Policy (NEP 2020) is expected to democratize education helping India achieve its goal of 50% Gross Enrolment Ratio by 2035. Moreover, entry of new startups in the EduFin sector is likely to be witnessed, backed by debt financing from VC firms. Tie-ups with EdTech companies expected to create a stronghold in the industry. Furthermore, the emergence of FinTech companies in the education sector will augment the spread of digitization in the country by promoting more and more people to embrace high-quality education. All in all, the market is expected to register a robust growth rate in the upcoming years.

Global Ultrafast Laser Market is expected to reach a market size of ~US$ 4 billion by 2028: Ken Research

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What Is the Size of Global Ultrafast Laser Industry?

Global Ultrafast Laser market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Ultrafast Laser Market is largely driven by the increasing adoption of ultrafast lasers for dimensional accuracy. The degree to which a printed object matches the dimensions and specifications of the original file is known as dimensional accuracy. The demand for dimensional accuracy devices due in consumer electronics, networking and telecom, transportation, and healthcare industries is significantly increasing.  The dimensional accuracy devices can help with better 3d printing of 3d medical devices, 3d metal, and more.

Complications during the manufacturing of ultrafast lasers is one of the major challenges hindering the growth of the global ultrafast lasers market. While the ultrafast lasers market is growing due to the demand for improved dimensional accuracy ultrafast lasers, other factors such as manufacturing complications, are likely to restrain the market growth. Several complications such as nonlinear effects during beam propagation and interaction process are making the overall ultrafast lasers more expensive, and slow the working.

Global Ultrafast Laser Market By Type

The Global Ultrafast Laser market is segmented by Type into Mode-Locked Lasers, Titanium- Sapphire Lasers, Fiber Lasers and Others. The Fiber Lasers segment by Type held the largest market share in 2022 of the Global Ultrafast Lasers Market. The growth is primarily due to the high output power, high beam quality, highly efficient gain medium, and high reliability as compared to other lasers.

Fiber lasers are used to achieve light amplification in optical fibers, which contain rare earth metal ions such as ytterbium, neodymium, thulium, and more. These ions are able to absorb most light and emit photons at specific frequencies, which provide fiber lasers with better gain distance thus offering better quality and output.

Global Ultrafast Laser Market By Application

The Global Ultrafast Laser Market is segmented by Application into Micromachining, Bioimaging, Medical Device and Others. The Bioimaging segment accounted for the largest market share in 2022, and is expected to dominate its position during the forecast period.

The growth is primarily due to bioimaging’s specific ability to view any specimen in a 3-D structure without any kind of physical disturbance. Bioimaging is the technique that allows non-invasive real-time visualization of biological processes i.e., zero involvement of any kind of instruments in the body.

Global Ultrafast Laser Market By Pulse Duration

The Global Ultrafast Laser market is segmented by Pulse Duration into Picosecond and Femtosecond.

The Femtosecond segment accounted for the largest market share in the Pulse Duration segment in 2022. The growth is primarily due to the adoption of ultrafast lasers in the field of portable electronics, mobile phones, microprocessors, memory chips, and display panels. In September 2019, Amplitude Laser has developed a Femtosecond GHz burst laser system that is capable of producing UV light which will improve the micro-machining outputs.

Global Ultrafast Laser Market By End-User

The Global Ultrafast Laser market is segmented by End-User into Consumer Electronics, Medical, Automotive, Aerospace & Defense, Industrial and Others. The consumer electronics segment accounted for the largest market share in the end-user segment in 2022. The growth is primarily due to the rising consumer electronics demand and new technological advancements such as small size and fast processing speed. As the size of electronics products is, now becoming more downsized, tighter dimensional tolerances are required in order to fit the components into ever-smaller form factors and support the growth of the ultrafast laser sector.

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Global Ultrafast Laser Market By Geography

The Global Ultrafast Laser market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific accounted for the largest market share among all regions within the total Global Ultrafast Lasers Market in 2022.

The growth is primarily due to the adoption of ultrafast lasers in automotive and consumer electronics end-user industries. As the requirement for ultrafast lasers is growing in the electronics and automotive industries. This Asia pacific is anticipated to have significant growth over the course of the forecast period because of technological advancements and the presence of major electronics OEMs in the region, notably in countries like China and Japan.

Competition Scenario In Global Ultrafast Laser Market

The Global Ultrafast Lasers Market is highly 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 Ultrafast Lasers technology. Large global players constitute ~10% of competitors, while country-niche players represent ~60% of competitors. Most of the regional and country-niche players are either components suppliers or assembling partners of global players. Some of the major players in the market include Amplitude Laser, Coherent Inc., DPSS Lasers Inc., TRUMPF, Ekspla, MKS Instruments Inc., Jenoptik Laser GmbH, IMRA America, Lumentum Holdings, IPG Photonics and among others.

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

The Global Ultrafast Laser market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. 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 Ultrafast Laser market is driven by the increasing adoption of ultrafast lasers for dimensional accuracy. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaborations and emergence of new products, the Global Ultrafast Laser market is changing rapidly. For instance, In February 2022, Trumpf acquired Active Fiber Systems which is the fiber laser-based company situated in Jena, Germany. This acquisition will help Trumpf to expand in living fiber laser technology, which is focused on industrial applications such as precision welding and additive manufacturing.

In April 2022, Amplitude Laser acquired MW Technologies, which is an optical fiber lasers developer based in Portugal. This acquisition will help amplitude lasers to improve their production ability worldwide. MW Technologies’ name has been changed to Amplitude Portugal thus making its 4th manufacturing Unit and R&D center across the world.

The Global Ultrafast Lasers Market is forecasted to grow exponentially with a CAGR of ~12% during the forecast period primarily driven by the adoption of Ultrafast Lasers for dimensional accuracy in the consumer electronics sector. Though the market is highly competitive with ~ 200 participants, few global players control the dominant share and country-niche players hold a significant share. Asia Pacific is the dominating region, owing to the adoption of ultrafast lasers in the automotive and electronics industries.

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

Global Ultrafast Lasers Market