Global Food Deaerators Market is expected to reach ~USD 400 Mn by 2028F: Ken Research

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Global Food Deaerators Market By Application

The Global Food Deaerators market is segmented by Application into Food and Beverages.

Beverage segment held the largest market share in 2022, due to the increased consumption of beverages in emerging countries worldwide.

Due to the expanding demand for packaged flavored drinks, food deaerators are increasingly being used in beverage applications. Utilizing this equipment helps to reduce needless oxidation-related waste while keeping the sensory qualities and nutritional content of the finished product.

Food deaerators are used to remove air from the water phase before packaging operations or following the filtering process to speed up production without sacrificing product quality.

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Global Food Deaerators Market By Geography

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

North America region held the largest market share in 2022, increasing demand for food deaerators in the beverage industry is driving market expansion in North America.

The region's rise can be attributed to factors such as increased consumer worries about the safety of consumers around chemicals used in beverages, the developing beverage sector, and rising demand for packaged foods. Due to strong demand from end-use sectors such as drinks and processed foods as well as its growing focus on R&D efforts for increasing its product portfolio, the USA, the region's largest consumer of food deaerators, is anticipated to maintain its leadership during the projection period.

Competition Scenario In Global Food Deaerators Market

The global food deaerators market is highly competitive with ~150 players which include globally diversified players, regional players, and country-niche players with their niche in the Food Deaerators market.

Country-Niche players constitute ~55% of the competition, while the regional players are the second largest by type. Some of the major players in the market include GEA Group, JBT., SPX Flow, Parker Boiler, Alfa Laval, The Cornell Machine Company, Mepaco, Stork, The Fulton Companies, Jaygo Incorporated, and among others.

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

The Global Food Deaerators market was valued at USD ~million in 2022 and is anticipated to reach USD ~500 million 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 Food Deaerators market is driven by rising customer demand for food goods with an extended shelf life. 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 Food Deaerators market is changing rapidly. For instance, In April 2019, Tipper Tie, Inc. (US) was acquired by JBT Corporation for US$ 160 million. As a result, the business was able to grow its food processing division.

In January 2019, GEA finalized the acquisition of Slovenia-based filling technologies company Vipoll.

In January 2017, by building a new production campus in Europe, SPX FLOW increased the scope of its production capabilities. The organization was able to grow its clientele in the area because of this development.

The global food deaerators industry is forecasted to continue the positive growth that is witnessed since 2017, government investments in the food processing machinery and equipment sector and rising capital consumption in the beverage industry create attractive growth prospects. Though the market is highly competitive with ~150 players, few global players control the dominant market share and regional players also hold a significant market share.

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Key Topics Covered in the Report

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

• GEA Group
• JBT.
• SPX Flow
• Parker Boiler
• Alfa Laval
• The Cornell Machine Company
• Mepaco
• Stork
• The Fulton Companies
• Jaygo Incorporated

Notable Emerging Companies Mentioned in the Report

• Centec LLC
• Sterling Process Equipment and Services, Inc.
• Special Projects International Inc.
• Boiler & Steam Performance, Inc.

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

• Deaerator Supplier Companies
• Food and Beverage Processing Companies
• Food Processing Equipment and Machinery Manufacturers
• Import and Export Companies
• Industry Investors/Investment Bankers
• Company Research and Development Institutes
• Market Research & Consulting Firms
• Banking and Financial Service Providers
• Government & Regulatory Authorities
• Deaerator Material Suppliers
• Investors in Food Start-ups
• Start-ups & Incumbents in Food Sector
• Certification & Inspection Companies
• F&B Marketing Agencies
• Food Packaging Industrial Equipment Manufacturers

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Global Food Deaerators market

USA corporate training market is expected to grow at a CAGR of 7% by 2025- How will influx of millennial workforce drive growth in the market?

 90% of the organizations are redefining jobs which would require skilling and re-skilling of the workforce in 2025, as per a report by Ken Research

1. Current Pain Points of Corporate Companies and Employees- Existing Gap in US Corporate Training Market?

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Total college enrollment in the country has decreased from 20 bn in 2017 to 19 bn in 2018. There are around 600,000 computing job opening but about 60,000 individuals graduated in computer science in 2019.

Total cost of ineffective training to the company is around $12 Mn per 10,000 employees per annum. Ineffective training can lead to high turnover, low rates of production, ineffective customer service and increase in business expenses for lawsuits, compensation for defective products, employee injury and others.

2. Growing importance of online training has led to expansion of technological stack.

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• Collection of self-paced learning content, books, blogs, videos and others integrated with other technologies. Examples: Percipio, Pluralsight Skills, Udemy, Coursera, AdaptaLearn, Grovo, Mindful Tools, Opensense and others.
• For the administration, documentation, tracking, reporting and delivery in e-learning. It is usually bought by the organization directly and the corporate training company integrate their content, modules and technology to the companies LMS. Examples: Paylocity, SAP Litmos, Lessonly, Adobe Captivate Prime LMS, Bridge, Docebo, UltiPro, Paycom and others.
• Microlearning, gamification, personalized portal and need of just-in-time learning aids such as checklists, ready reckoners, etc has led to the use of mobile apps.

Examples: Udemy, Coursera, Lynda, Skill Pill, Google Primer, Udacity, Playipp, Moddle Workplace and others.

• Testing tool used to track and visualizes employee’s performance at different training stages. It is usually designed by the corporate training company by collaborating with a software provider. Examples: Pluralsight Flow, Waydev and others.

3. Growing Decentralisation and Millennial Workforce Boost Managerial Training– Points Corporate Training Companies Should Target in Future.

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• Training to Non-Managerial Employees will continue to dominate the demand with increasing need of technical on-boarding training.
• Changing organisational structure and management of growing millennial workforce will increase demand of training to executives and managers.
• Companies such as Centre for Creative Leadership specialise in training to executives and managers.
• Increasing trend in young leadership will also boost leadership training.
• Growing trend in training outsourcing will increase integrated training demand which were traditionally performed in-house.

3 trends to focus upon in India home healthcare industry- Will these trends help the overall revenue to go beyond INR 70 Th Cr by 2025?

 As of now, the market is dominated by private, unorganized players and the trend appears to remain the same for the next 6 years as well, says a report by Ken Research

1. How the rising trend of nuclear families will result in lucrative opportunities for home healthcare market in india.

                           

Condition of Elderly Population in India

 Today, jobs and lifestyle changes are shrinking the number of joint families in the country. According to recent industry survey, 20 cities in India have shown major incline in the share of nuclear families of up to 8%, including Gujarat (6%), Maharashtra (5%), Karnataka (3.5%) and Haryana (2.5%) and Tamil Nadu (5%). The implication of this variable on the home healthcare would be that there could be higher demand for elderly care services as children might not be able to take care of their parents owing to their personal commitments and would require assistance to make sure their parent is able to avail any healthcare service, as and when required.

2. Increase in geriatric population to benefit the home healthcare market of India

                         

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At present, the total number of elderly populations stands at approximately 132 Mn in India. India is expected to have 34 Crore people above the age of 60 by 2050. The number of old age people is said to increase from 9% to 20% in the next three decades. The demographic shift in the next three decades is set to increase the need for home healthcare services in the coming years. As the population is growing at a slower rate, the old age population is said to increase by 300%, putting extreme pressure on the health infrastructure in the country.

3. Potential factors that can drive the home healthcare market in India.                                    

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As goes the trend in the traditional healthcare market, customers are bound to put more trust in those hospitals which are established and have a good brand value, the patients will entrust homecare providers with a good brand value more than those who have little presence.

Homecare providers also compete on the basis of Specialty treatments offered by them, like cancer treatment, mother and child care and dialysis at home, among others.

The portfolio of services a homecare provider caters to is an important parameter as the greater variety a of services a company offers, higher the client base they’ll be able to reach out to.

As home healthcare sector is growing rapidly in India, a greater number of insurance companies is looking to tie up with the home healthcare providers to provide the insurance cover for availing home healthcare services. This will also encourage the customers to choose that home healthcare service provider brand over others in the market.

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Singapore Logistics Market will be valued over 25 Bn SGD in 2023. Will Singapore Logistics Market stand on this expected figure? Ken Research

 1.Maritime and Port Authority of Singapore – Singapore’s Next Generation Tuas Port Project

Click to know: Major Players in Singapore Logistics Market

The government is focusing on sustainable development of the country with the introduction of automated and sustainable products. Sustainable technologies are integral to the new Tuas Port, which will become the world's largest automated container terminal when its fourth and final phase will be completed in 2040.Tuas Port, when fully developed in four phases, will be the world’s single largest container port capable of handling up to 65 million TEUs annually. From planning to implementation, Tuas Port will be a resilient port. It provides a single consolidated location for Singapore’s container activities. Finger-piers with caisson quay wall were adopted to maximise limited land and sea space while creating 115 hectares more land. Coupled with long linear berths and design depth of -23m at Chart Datum, it can accommodate mega container ships exceeding 450m in length. Above Ground Space will also be introduced, adding 240ha of space for port-related uses.

2.Increasing Cross-Border Trade between Singapore & its neighboring countries:

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Singapore entered a multilateral trade agreement with the Pacific Alliance. The establishment of the PASFTA provides exclusive opportunities in Singapore to engage, transact, and capitalize on the Latin American market with decreased tariffs and eased trade restrictions. This FTA marked a milestone for the PA as the biggest step in our integration with the Asia Pacific Region which allows Columbia to grant Singapore the status as the first Associated State to the PA. In 2017, the Pacific Alliance launched negotiations with Singapore, Australia, New Zealand and Canada, which are Candidates to be Associated States to develop instruments for economic and commercial integration, stressing our commitment to effectively insert ourselves in the Asia Pacific Region.

3.Ever-growing Population and Rise in Domestic Consumption in Singapore

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Total Population growth of Singapore Singapore’s total population stood at 5.6 Mn in 2022 and it grew by 3.4% from the previous year. The ever-growing population in Singapore plays a vital role in fueling the growth in CEP Market. The demand for CEP services has increases owing to rise in the domestic consumption, expanding economy and improved logistics infrastructure in the region.

Technology Enabled Transformations & GOI Policies such as National Logistics Policy will drive the Road Freight Market in India to grow over INR 9500 Bn in the next 5 Years. Will the Growth Sustain? Ken Research

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Technology Enabled Transformations & GOI Policies such as National Logistics Policy will drive the Road Freight Market in India to grow over INR 9500 Bn in the next 5 Years. Will the Growth Sustain? Ken Research

The market is expected to grow at a CAGR of 9% driven by rising foreign trade, surging discretionary spend, growing FMCG sector, and increasing investment in transport infrastructure, says a report by Ken Research

1. “Tech to the rescue:” Technology-enabled transformations such as FMS & autonomous vehiclesand digital trucking aggregators with online load board and automated brokerage are driving the market growth.

Click to Read Full Article: India Road Freight Market Outlook

Technology has significantly changed due to AI’s important role in supply chain management, including the development of predictive optimization, which is expected to become one of the biggest drivers in the logistics industry. Technologies such as Real Time Location and Temperature Monitoring and Data Sharing which enables real time monitoring of the temperature of a refrigerated unit & customer has changed the way fleet operators view the logistics market. Other such technologies operating in the market currently are warehouse automation, fleet management software & Advanced driver assistance system.

2. Government Policies such as National Logistics Policy is integrating the operations in order to remove market glitches.

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The National Logistics Policy (NLP) has been designed to o ensure that logistical problems are minimized, exports increase significantly, and small businesses and the people who work in them gain profit. The aim is not only to ensure smooth operations but also profit & employment generation via logistics industry in India. Moreover, various sub segments of NLP such as Gati Shakti Program & Sagarmala are also aimed at developing the logistics infrastructure.

3. “Growth is the way ahead:” With increasing investment, technological innovation & government focus, the road freight market in India is expected to witness a surge in terms of development.

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The industry is forecasted to grow at a CAGR of 9.0% during 2019-2024 driven by rising foreign trade, surging discretionary spend, growing FMCG sector, and increasing investment in transport infrastructure. IR and GoI is actively making efforts to make rail freight competitive with road freight.  Eastern and Western DFCs are expected to be fully operational by 2020, and 4 more corridors are in the pipeline. IR is also looking to rationalise rail freight rates. Phase I of the Bharatmala Pariyojana set to be completed by 2021-22, which includes 34,800 km of roads. Focus on road infrastructure and dependence on roads for freight transport is expected to continue. Container trucks proportion in the market is expected to rise in the future due to its versatility and resistance to adverse weather.

Indian Logistics Industry is Growing @ 6 % year on year. Will India continue to support logistics industry in the future period? Ken Research

 1. 1,24,000 Km of rail network with ~10,000 freight trains carrying 3 MT of goods daily.

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65% of domestic freight volume carried through road; high compared to ~50% in developed countries.

• 8 Mn Km of Road Network; 10,000 Km of National Highways.
• 1,24,000 Km of rail network with ~10,000 freight trains carrying 3 MT of goods daily (33% of total).
• Share of rail and road closer to 50%-50% in developed countries as rail freight is cheaper for longer distances.

Dedicated Rail Freight Corridors Project

• 3,300 km twin corridors (DFCs) to be completed by end of 2021.
• World Bank funding Eastern DFC with $1.86 Bn; Japan International Cooperation Agency (JICA) $5.2 Bn for the western corridor.
• Goods train speed to increase from 25kmph to 100kmph with 13,000 tonnes load.
• 25 times less carbon footprint than road transport.

2. Indian Logistics Industry is Growing significantly with respect to Logistics Sector Growth in Other Neighbouring Countries.

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Logistics Performance Index (LPI)

Germany Topped Ranking in World, Vietnam Tops in Lower Middle Income Group

Reasons for Logistics Score

• High Investments $16.2 Bn annually every year, New Innovation, Govt supported freight villages for logistics support.
• Advanced Infrastructure, Innovations in the logistics space, and $46.3 Bn investment on infrastructure annually is responsible for high logistics Score.
• The energy consumption of Australia is highest but Adoption of technologies such as big data and open data is very quick along with government support such as Australia Development Plan.
• Implementation of Belt and Road Initiative, Huge Exports, high-speed railways, electric vehicles, 5G communications, and cross-border e-commerce are its game changers.
• Low Score is due to Weak infrastructure, Complex legal framework and Lack of modern information systems.

3. Although trucking industry being significantly impacted by COVID -19 in India there are certain initiatives adopted to improve Situation.

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The government has announced INR 20 Lakhs package providing Collateral free loans which was already existent for transporters but were not aware of it. Around 85% of the truckers are illiterate single truck owners who will not be able to avail benefit of MSME Policy due to its informal nature and want to remain unorganised due to Overloaded trucks, cargo without invoices & bills. The truckers still need to pay expenses after extension of moratorium period and have not been waived off even after no loads on road and no cash for payments. Hence, if a part of premium paid can be refunded to companies, can put some cash in hand of entrepreneurs and will help to bring logistics sector on track.

Global Food & Beverages Disinfection Market is expected to reach ~USD 15 Bn by 2028F: Ken Research

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Competition Scenario In Global Food & Beverages Disinfection Market

The Food & Beverage Disinfection Market is significantly competitive with ~150 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Food & Beverage Disinfection.

Regional players comprise ~45% of the total number of competitors, while the country-niche players comprise the second highest of the total number of competitors. Some of the major players in the market include Advanced UV, Inc., Solvay, Stepan Company, Suez, Evonik Industries AG, Neogen Corporation, FINK TEC GmbH, Halma, Trojan Technologies Group ULC, and Evoqua Water Technologies LLC, among others.

The leading global Food & Beverage Disinfection companies such as Evoqua Water Technologies LLC, Evonik Industries AG, Solvay, and Stepan Company are highly focused on launching new disinfectants in the market and gaining approval for the new products.

What is the Expected Future Outlook for the Overall Global FOOD & BEVERAGES DISINFECTION Market Across the globe?

The Global Food & Beverages Disinfection 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 Food & Beverages Disinfection market is driven by rising health concerns regarding food safety among consumers, especially in developing 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 Food & Beverages Disinfection market is changing rapidly. For instance, In October 2022, Solvay announced that Actizone F5, an innovative 24-hour antimicrobial sanitization technology has now registered within all 50 states of the USA. Earlier in November 2021, the technology was launched in the EU and approved by the Environmental Protection Agency (EPA). The Actizone F5 is a ready-to-use broad-spectrum disinfectant for hard surfaces including food & beverage processing, packaging, and other equipment.

In February 2022, Stepan Company gained approval from Environmental Protection Agency (EPA) for five more disinfectants that are effective against SARS-CoV-2. These formulations kill the virus when used on hard, non-porous surfaces. Among the five, the two formulations named STEPAN Disinfectant Wipe and SC-RTU Disinfectant Cleaner were approved as effective against the virus with a contact time of 30 seconds. The approval helps the company in promoting its products among various end-use industries including food and beverages.

In February 2020, Evonik Industries AG acquired PeroxyChem, a USA-based manufacturer of peracetic acid and hydrogen peroxide, for US$640 million. The company aimed to expand its product portfolio as well as to enter the environmentally friendly disinfectant market.

The Global Food & Beverage Disinfection Market is forecasted to continue positive growth, primarily driven by the increasing prevalence of foodborne illness coupled with the rising concerns regarding food safety among consumers. Moreover, the stringent regulations laid by the government to ensure food safety is boosting the demand for disinfectants among food & beverage manufacturers. Though the market is highly competitive with ~150 participants, global players control the dominant market share.

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Key Topics Covered in the Report

• Snapshot of the Global Food & Beverage Disinfection Market
• Industry Value Chain and Ecosystem Analysis of the Food & Beverage Disinfection Market
• Market size and Segmentation of the Global Food & Beverage Disinfection Market
• Historic Growth of the Overall Global Food & Beverage Disinfection Market and Segments
• Competition Scenario of the Food & Beverage Disinfection Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Food & Beverage Disinfection Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Food & Beverage Disinfection Market
• Future Market Forecast and Growth Rates of the Global Food & Beverage Disinfection Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Food & Beverage Disinfection 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 Food & Beverage Disinfection Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Advanced UV, Inc.
• Solvay
• Stepan Company
• Suez
• Evonik Industries AG
• Neogen Corporation
• FINK TEC GmbH
• Halma
• Trojan Technologies Group ULC
• Evoqua Water Technologies LLC

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Notable Emerging Companies Mentioned in the Report

• Oki Electric Industry Co., Ltd.
• Ecolab
• Vapourtec Ltd.
• Xylem
• UV-Guard Australia

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

• Food & Beverage Disinfection Manufacturers
• Food Processing Companies
• Beverage Processing Companies
• Food & Beverage Processing Equipment Manufacturers
• Research & Consulting Firms
• Research & Development Institutes for Disinfectant Sector
• Food & Beverage Disinfection Providers
• Disinfection Chemical Suppliers
• UV Equipment Manufacturers
• Food Safety Regulatory Bodies
• Food & Beverage Disinfection Distributors
• Food & Beverage Disinfection Packaging Services
• Packaging Equipment Manufacturers
• Government & Food Safety Regulations
• Investors in Disinfectants Companies

Period Captured in the Report

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

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Global Food & Beverage Disinfection Market

Revenues of the cold chain market in Philippines rose to around PHP 14 Bn in 2019- What are the factors promoting cold chain market in Philippines in the upcoming future?

 Cold chain market is expected to witness significant increase in the number of companies, year-on-year thereby making the industry highly fragmented in the coming years, says a report by Ken Research

1. Road network in Philippines cold chain market- road network classification was established through Philippine Highway Act in 1953.

                               

Preferred Mode of Transportation in  Philippines

The road network classification in the Philippines was established through Philippine Highway Act in 1953. The memorandum approved in 2009 laid down guidelines for the classification of roads on the basis of their functions. According to Department of Public Works and Highway, total national road network increased from 32,000 km in 2014 to 34,000 km in 2019. The improvement in road connectivity has assisted in the operations of Philippines cold chain industry.

2. Current Trends in the Philippines cold chain Industry- Rise in consumption of packaged processed food.

                          

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Meat products such as poultry, fisheries and aquatic products such as shrimps, fishes, prawns and crabs were the most demanded products with nearly 60% of overall products present in the market. The market saw an adoption in packaged cold foods after the onset of covid-19. Due to prolonged restrictions on going out to markets, online delivery of food and cold chain products of various kinds saw a rise. The next most sold product was fruits and vegetables in the cold chain market.

3.The cold storage industry is experiencing a new wave of technological developments in Philippines.

                             

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With the growing competition in the market, the need for an efficient supply chain and cold storage services has increased manifold.

• The technology is used to load and unload trucks.
• There is a manual control device on every AGV Automatic Guided Vehicles, allowing it to be taken out of service for maintenance, or whenever manual operation may be required.
• AGVs can operate around day and night with the lights out in the freezer warehouse, which has a temperature -25 degrees
• The addition of AGVs in the warehouse meant a reduction in occupational health and safety concerns as well as eliminating human error.

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The Philippines Road Freight Market is expected to Grow at a CAGR of 8% owing to Government Schemes such as PPP. Will the Projections Justify the Growth Rate? Ken Research

 The Philippines Road Freight Market is expected to capture a market share of over 36% by 2024 as a result of government measures aimed at resolving market glitches, says a report by Ken Research

1. Pain Points of the Trucking Industry in Philippines has been addressed by the Government Infrastructural Aid.

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The government has added smaller projects as a part of ‘Build Build Build’ Program keeping on hold the bigger projects such as Linking bridges for Luzon, Cebu & Visayas. Government funded road projects and PPP are contributing to overcome the problems of the trucking Industry. Major projects including ‘Road Infrastructure Budge’ & ‘Public Private Partnerships’ have taken care of issues such as Limited cargo capacity, high logistics cost & Terminal congestion at various ports.

2. The Government is continuously revising the market regulations in order to remove glitches from the operations system.

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The government is Formalising Processes in order to remove Glitches within the Trucking Business. This was mainly done in order to organise the unorganised market which will also result in less corruption, a smooth operations system. For instance, the government has mandated truckers offering services to customs ports to register under the bureau’s profile registration system.

3. Technology-enabled Transformation Roadmap will drive the Freight Forwarding Market to Grow to over ₱ 550 Bn in Next 5 Years.

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The market is expected to grow at a faster rate as a result of government initiatives & technological innovations. The market is expected to generate P 560 Bn in the next 5 years. Innovations such as Philippine Development Plan 2017-2022: Aims at making Philippine an upper middle class economy by 2022. Focuses on adoption of modern technology, innovation, infrastructure development and others which will aid the growth of this industry in upcoming years. Infrastructural Developments such as connecting Mindanao to Luzon with competitive freight rates to ensure high-quality, on-time service would give the industry a boost. The share of infrastructure expenditure in GDP was 4% in 2017 which is expected to grow to 6% by 2022.

3 Tailwinds That Will Make India Online Food Delivery Market to Generate Over USD 9 Bn by 2025. Will India be able to achieve That Mark?

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3 Tailwinds That Will Make India Online Food Delivery Market to Generate Over USD 9 Bn by 2025. Will India be able to achieve That Mark?

India Online Food Delivery Market is expected to grow at 32.3% during 2021-2025, owing to the rising annual spending by middle class household, as per the findings by Ken Research

1. Annual Spending by Middle Class Household in Tier II and Tier III cities has increased from ₹ 2,500 to ₹ 52,000, 108% increase on Fast Food Restaurants.

Click to Read Full Article: India Online Food Delivery Outlook

Focus has shifted towards Tier III and Tier IV cities; Small Restaurants dominate the market. Moreover, Average Order value is 20% lower, but is compensated by lesser economics of scale in Tier II and Tier III cities. In the future, 50% of the orders is set to come from Tier II, Tier III and Tier IV cities. In addition to this, annual spending by middle class household in Tier II and Tier III cities has increased from ₹ 2,500 to ₹ 52,000, 108% increase on Fast Food Restaurants. Furthermore, Home Made Food among Tier III and Tier IV cities expected to drive the market.

2. Rise in Migrant Working Population (20%) reason for increased demand.

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The average age of the Indian population is 29 years, indicating that there is higher concentration of the target consumers in the market. There has been rising number of migrant workers in the capital cities in India (approximately 20%); ultimately, giving a boost to the demand of food delivery. The average cab cost for traveling 5 kms in India is ₹120. Cab cost added to the food bill (~₹300 for one person) while dining out is higher than the average order value of food ordered online (₹250). Hence, people prefer ordering food over themselves going out for dinner.

3. Adoption is increasing in Tier II, Tier III & Tier IV cities significantly with nearly 73 Mn users at present (2019).

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The urban population and tier2-3 cities in the north-west belt of India holds opportunity for the growth of the market. India’s rising urban population along with people of the age in range between 15-59 total of nearly 200 Mn smartphone users, presenting an opportunity to cater around 120 mn of market potential.