Philippines Domestic and International Money Transfer Industry Outlook to 2021–Ken Research

Ken Research latest Report on  “Philippines Domestic and International Money Transfer Industry Outlook to 2021 – Growing Number of Overseas Filipino Workers and Technological Advancements to Aid Market Growth” provides a comprehensive analysis of remittance and bill payments market in Philippines. The report covers market size, segmentation on the basis of remittance corridor, mode of remittance, major occupation group and distribution of OFWs by cash remittance sent for international remittance market. For domestic remittance market it covers market size, segmentation on the basis of remittance channel, type of services and major flow corridors. It also includes the bill payments market in the country covering the market size and segmentation by type of bills. The report also covers government regulations in the market, competitive landscape and company profiles for major players in the remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
The report facilitate the readers with the identification and in-depth analysis of the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for industry consultants, remittance service providers (MTOs), banks, local agents and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Industry Overview
Philippines remittance market is led by the international remittances and domestic remittances which are represented by the OFW remittance inflow, the domestic remittances. During 2011-2016, the international and domestic remittance markets have showcased a remarkable growth at a CAGR of ~%. Market growth can be attributed to factors like increasing number of OFWs, growing infrastructure and developmental activities, rising business sectors and increasing job opportunities within the country, surging BPO sector and other related factors. Similarly, there had been a tremendous growth in the Philippines bill payments market displaying a CAGR of ~% during 2011-2016. The amplification exhibited by the market should be owed to rising utility bills due to the rising consumption of energy, water, mobile phones, internet facilities and other utilities.

Market Segmentation
International Remittance Market
The US accounted for ~% of the total remittances sent to the Philippines in 2016. From USD ~ million in 2011, remittances sent by Filipinos in the US have grown at a CAGR of ~%. With a percentage contribution of ~% in 2016, Saudi Arabia was ranked as the second largest remittance source for Philippines. Remittance from Saudi Arabia registered a total value of USD ~ million in 2011 and expanded to USD ~ million in 2016. USA and Saudi Arabia were followed by UAE, UK, Japan, Hong Kong and others.
On the basis of occupation the highest average remittance transaction per OFW was observed from the government officials followed by professionals and other workers during 2015.
The average remittance transaction per OFW has been observed to be the highest through banks followed by agencies, door to door services and others during 2015.
Domestic Remittance and Bill Payments Market
The non-bank channel, comprising of money transfer companies and pawnshops operating in the Philippines have dominated the market accounting for a share of ~% of the total number of domestic money remittance transactions in 2016. Banks held a meager share of ~% in the overall market.
Branch pick up service held the highest share in the market in terms of number of transactions during 2016 holding a share of ~%, followed by door to door, prepaid cards, online and direct credit to account services.
Utilities comprised of the major share in the total number of bill payments in the Philippines in 2016. Bills paid for electricity services contributed around ~%, the highest, to the total payments of utilities, followed by transactions for water and gas bills, mobile and internet bills.
Future Potential
The Philippines remittance and bill payments market has witnessed a considerable growth in past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period, 2017-2021. A noticeable amount of FDI inflows was invested in BPO, electronics and energy sector. With the continual growth in FDI flows in the BPO sector, there are expected to be more employment opportunities leading to large scale migrations to urban cities. The continued zeal of domestic Filipinos to send money to their families will provide a major thrust to the domestic remittance market. Rapid growth in the introduction and use mobile technologies in the country for money transfer and bill payments are also a factor that depicts the growth of domestic remittance and bill payments market of the Philippines. International remittance market in the Philippines will continue to be driven by the increasing deployment of Filipinos in other countries. Unskilled workers and laborers will uphold their status as the largest deployed fraction of overseas workers and will continue to account for the largest share of aggregate remittances.
 Competitive Landscape
The domestic remittance space in Philippines has largely been a cash-to-cash market, with the money flowing from several informal modes of payment such as friends, family, drivers and others. As majority of the population in the Philippines has continued to remain un-banked, coupled with the fact that cash-to-cash mode of payment is not fitting to banks' transaction services, regulatory and compliance structure, a large portion of the country’s inhabitants continue to resort to exchange of hard cash. These formal payment channels, which include banks, money transfer companies and pawnshops, serve a significant proportion of the Philippine population. Major Players in the market include Palawan Pawnshop, Cebuana Lhuillier, LBC Express, Western Union, M Lhuillier and others.
In 2016, banks absorbed ~% of the total remittances, indicating Filipinos’ mounting faith on this channel instead of sending money back home by means of friends or relatives. Remittances transferred through banks such as Banco De Oro, The Bank of the Philippine Islands, Philippine National Bank, Metro Bank have showcased an inclining participation over the last five years. On the other hand, money transfer companies such as I-Remit, LBC Express, Western Union, Xoom and MoneyGram were also important remittance channels for OFWs in the Philippines, recording a contribution of ~% to the total international remittance transaction volume in 2016.
Key Topics Covered in the Report:

• Overview of Philippines Domestic Remittance Market
• Philippines Domestic Remittance Market Size
• Philippines Domestic Remittance Market Segmentation
• Growth Drivers of Philippines Domestic Remittance Market
• Competitive Landscape of Major Players in Philippines Domestic and International Remittance Market
• Philippines Bill Payments Market Size
• Philippines Bill Payments Market Segmentation
• Rising Penetration of Mobile Money Transfers
• Philippines Domestic Remittance and Bill Payments Market Future Outlook
• Philippines International Remittance Market Overview
• Philippines International Remittance Market Size
• Philippines International Remittance Market Segmentation
• Trends in Philippines International Remittance Market
• Philippines International Remittance Market Future Outlook
• Macroeconomic Factors affecting Philippines Remittance and Bill Payments Market

To know more about the publication, click on the link below
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/philippines-money-transfer-remittance-market-report/121464-93.html
Related Reports by Ken Research
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Philippines Pawnshop Market Outlook to 2020 - Convenience with Pawning and Remittance Services to Stimulate Growth
 Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Philippines Domestic and International Money Transfer Industry Outlook to 2021–Ken Research

Ken Research latest Report on  “Philippines Domestic and International Money Transfer Industry Outlook to 2021 – Growing Number of Overseas Filipino Workers and Technological Advancements to Aid Market Growth” provides a comprehensive analysis of remittance and bill payments market in Philippines. The report covers market size, segmentation on the basis of remittance corridor, mode of remittance, major occupation group and distribution of OFWs by cash remittance sent for international remittance market. For domestic remittance market it covers market size, segmentation on the basis of remittance channel, type of services and major flow corridors. It also includes the bill payments market in the country covering the market size and segmentation by type of bills. The report also covers government regulations in the market, competitive landscape and company profiles for major players in the remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

The report facilitate the readers with the identification and in-depth analysis of the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for industry consultants, remittance service providers (MTOs), banks, local agents and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Industry Overview
Philippines remittance market is led by the international remittances and domestic remittances which are represented by the OFW remittance inflow, the domestic remittances. During 2011-2016, the international and domestic remittance markets have showcased a remarkable growth at a CAGR of ~%. Market growth can be attributed to factors like increasing number of OFWs, growing infrastructure and developmental activities, rising business sectors and increasing job opportunities within the country, surging BPO sector and other related factors. Similarly, there had been a tremendous growth in the Philippines bill payments market displaying a CAGR of ~% during 2011-2016. The amplification exhibited by the market should be owed to rising utility bills due to the rising consumption of energy, water, mobile phones, internet facilities and other utilities.

Market Segmentation
International Remittance Market
The US accounted for ~% of the total remittances sent to the Philippines in 2016. From USD ~ million in 2011, remittances sent by Filipinos in the US have grown at a CAGR of ~%. With a percentage contribution of ~% in 2016, Saudi Arabia was ranked as the second largest remittance source for Philippines. Remittance from Saudi Arabia registered a total value of USD ~ million in 2011 and expanded to USD ~ million in 2016. USA and Saudi Arabia were followed by UAE, UK, Japan, Hong Kong and others.
On the basis of occupation the highest average remittance transaction per OFW was observed from the government officials followed by professionals and other workers during 2015.
The average remittance transaction per OFW has been observed to be the highest through banks followed by agencies, door to door services and others during 2015.
Domestic Remittance and Bill Payments Market
The non-bank channel, comprising of money transfer companies and pawnshops operating in the Philippines have dominated the market accounting for a share of ~% of the total number of domestic money remittance transactions in 2016. Banks held a meager share of ~% in the overall market.
Branch pick up service held the highest share in the market in terms of number of transactions during 2016 holding a share of ~%, followed by door to door, prepaid cards, online and direct credit to account services.
Utilities comprised of the major share in the total number of bill payments in the Philippines in 2016. Bills paid for electricity services contributed around ~%, the highest, to the total payments of utilities, followed by transactions for water and gas bills, mobile and internet bills.
Future Potential
The Philippines remittance and bill payments market has witnessed a considerable growth in past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period, 2017-2021. A noticeable amount of FDI inflows was invested in BPO, electronics and energy sector. With the continual growth in FDI flows in the BPO sector, there are expected to be more employment opportunities leading to large scale migrations to urban cities. The continued zeal of domestic Filipinos to send money to their families will provide a major thrust to the domestic remittance market. Rapid growth in the introduction and use mobile technologies in the country for money transfer and bill payments are also a factor that depicts the growth of domestic remittance and bill payments market of the Philippines. International remittance market in the Philippines will continue to be driven by the increasing deployment of Filipinos in other countries. Unskilled workers and laborers will uphold their status as the largest deployed fraction of overseas workers and will continue to account for the largest share of aggregate remittances.
 Competitive Landscape
The domestic remittance space in Philippines has largely been a cash-to-cash market, with the money flowing from several informal modes of payment such as friends, family, drivers and others. As majority of the population in the Philippines has continued to remain un-banked, coupled with the fact that cash-to-cash mode of payment is not fitting to banks' transaction services, regulatory and compliance structure, a large portion of the country’s inhabitants continue to resort to exchange of hard cash. These formal payment channels, which include banks, money transfer companies and pawnshops, serve a significant proportion of the Philippine population. Major Players in the market include Palawan Pawnshop, Cebuana Lhuillier, LBC Express, Western Union, M Lhuillier and others.
In 2016, banks absorbed ~% of the total remittances, indicating Filipinos’ mounting faith on this channel instead of sending money back home by means of friends or relatives. Remittances transferred through banks such as Banco De Oro, The Bank of the Philippine Islands, Philippine National Bank, Metro Bank have showcased an inclining participation over the last five years. On the other hand, money transfer companies such as I-Remit, LBC Express, Western Union, Xoom and MoneyGram were also important remittance channels for OFWs in the Philippines, recording a contribution of ~% to the total international remittance transaction volume in 2016.
Key Topics Covered in the Report:

• Overview of Philippines Domestic Remittance Market
• Philippines Domestic Remittance Market Size
• Philippines Domestic Remittance Market Segmentation
• Growth Drivers of Philippines Domestic Remittance Market
• Competitive Landscape of Major Players in Philippines Domestic and International Remittance Market
• Philippines Bill Payments Market Size
• Philippines Bill Payments Market Segmentation
• Rising Penetration of Mobile Money Transfers
• Philippines Domestic Remittance and Bill Payments Market Future Outlook
• Philippines International Remittance Market Overview
• Philippines International Remittance Market Size
• Philippines International Remittance Market Segmentation
• Trends in Philippines International Remittance Market
• Philippines International Remittance Market Future Outlook
• Macroeconomic Factors affecting Philippines Remittance and Bill Payments Market

To know more about the publication, click on the link below
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/philippines-money-transfer-remittance-market-report/121464-93.html
Related Reports by Ken Research
UAE Remittance and Bill Payments Market Outlook to 2021 - Rising Expatriate Population, Growing Business Activities and Increasing Demand for Utilities to Foster Growth
India Bills Payment Market Outlook to 2020 - Rising Internet Penetration and Advent of Mobile Wallet to Shape Future Growth
Philippines Pawnshop Market Outlook to 2020 - Convenience with Pawning and Remittance Services to Stimulate Growth
 Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Government monitored Strict Food Standards Creating Challenges for Baked Goods Industry in Taiwan: Ken Research

The bakery market in Taiwan is one of the most developed sectors in the economy. The market is now experiencing a slow expansion rate. The focus of the market is now moving towards restructuring itself, improving the safety and quality of food items and expanding in size. There is an increasing health consciousness amongst the consumers. They are now demanding healthier products and are giving more importance to details like the ingredients compositions. Natural butter and natural sweeteners, whole wheat flour, whole grains, dried fruits, fresh fruits, tree nuts etc. are healthier ingredients that are now gaining popularity. These ingredients are highly priced and with more and more consumers preferring them, this helps in the growth of the market and improving the quality of the products available.The disposable income of the population has been rising and the consumers are now able to afford the highly priced healthy ingredients.

According to the market research report "Baked Goods in Taiwan", the packaged leavened bread is the fastest growing segment in the market as its consumer base has been on a rise but the unpackaged leavened bread still has a much greater demand in the country. European-style bread is now being preferred by the consumers as they have more grains, seeds and nuts and are believed to be healthier than the local bread. They are more expensive and are sold through artisanal and chained bakeries.
In 2014, there were many food scandals which had shaken the consumer confidence in packaged goods. This however, led to better and stricter food safety standards. The government has imposed a greater level of monitoring over the market to ensure consumer safety and satisfaction. The consumers and media are also promoting and encouraging better food standards, leading to more quality conscious market rather than price oriented.

One of the major hindrance in the market growth is the popularity of eating out which cuts the revenue of packaged bakery goods.The baked goods market is already a well-developed market with intense competition. Therefore, there is less scope of growth and expansion of the industry. Uni-president Enterprises Corp is the leader in the baked goods market in Taiwan. It has gained and maintained this position because of the close ties with convenience stores which have helped in building a strong distribution network. The restructuring of baked goods industry has also lead to rise in competition as many new companies have entered the market.

There many fragments in the baked goods industry in Taiwan. Artisanal players have the largest market share. The accessibility of these artisanal bakers throughout the country is one of the major reasons for their strong position in the market. They are strategically located near transport stations and hubs and can be found in large cities and other urban areas along with many shopping centres. The market share of the artisanal bakeries has increased marginally and has led to the decline of other producers. The local bakeries offer freshly baked goods which are liked by the consumers. A wide variety of baked goods are available that differs from producer to producer along with differences in quality.

For further reading click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/baked-goods-taiwan/112190-11.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com

Augmenting Disposable Income Harness Fruitful Returns for Beauty and Personal Care Market Indonesia: Ken Research

The economic conditions in Indonesia have been improving and have led to a rise in disposable income of the consumers because of the increase in employment rate. This rise in disposable incomes and increased consumer confidence in the economy has increased the demand for beauty and personal cares products. The consumers are now inclined towards buying better quality beauty and personal care products as they are increasingly exposed to international beauty trends through the internet and other sources.

According to the market research "Beauty and Personal Care in Indonesia", in 2016, the industry recorded a brawny growth. The awareness for wellbeing has been on a rise in Indonesian consumers and this has helped the beauty and personal care market to grow. Colour cosmetics and other similar beauty products have a high demand in the country because of daily use by the people. Dermocosmetic brands combine natural essence and medical knowledge to produce their products. They are now becoming popular choice in the market and have improved the demand of skin care segment. There were limited product innovations in 2016 in the baby and childcare segment, which recorded an unwavering growth.

Cosmetics are a primary focus of the National Development Plan for Industry of the Indonesian Government until 2019. The huge contribution towards the GDP of the country by the industry is the reason the segment has been prioritised by the government and is considered an economically important segment. The objective of the government behind this is to promote the export of beauty products with a special focus on neighbouring countries like Australia, Malaysia and Brunei Darussalam. The government also wants to reduce the cost of production of the domestic producers and is therefore encouraging the production of raw materials locally rather than importing.

Many new domestic companies are now entering the beauty and personal care market. This has resulted in increased competition. Companies like Paragon Technology and Innovation PT are growing rapidly in the market whereas the big companies like Unilever Indonesia Tbk PT have recorded a stagnant market share. The licenses of producing halal products are now being given to domestic companies like Martina BertoTbk PT, which is helping them to beat the competition with Wardah brand. There are many modernisms in the market and the companies are reinventing their existing product portfolio as well as introduced new products.

New innovations are a key strategy to survive in the market and build a strong consumer base.  Halal products are the new rage in the beauty and personal care market. These are products that are not produced using ingredients derived from animals, are not tested on animals and do not contain alcohol. The majority of the population in Indonesia is Muslim, which is now rapidly shifting to halal products. This trend is expected to continue and be a major driving force of the market in the future. The demand for herbal products is also experiencing a strong growth with the rising concerns for side effects of products that may contain harmful chemicals. Natural products are gaining popularity and are increasingly expanding their market size.   

Key Topics Covered in the Report:

Indonesia Beauty and Personal Care Market Research Report

Indonesia Beauty and Personal Care Market Size

Indonesia Beauty and Personal Care Industry Analysis

Indonesia Beauty and Personal Care Trade Market

Indonesia Beauty and Personal Care Retail Market

Indonesia Beauty and Personal Care Production Output

Indonesia Beauty and Personal Care Import Volume

Indonesia Beauty and Personal Care Export Volume

Indonesia Beauty and Personal Care Market Future Outlook

Indonesia Beauty and Personal Care Market Competition

Indonesia Male Grooming Market

Indonesia Hair Oil Market

Body Lotion Market Indonesia

Sun Screen Lotion Market Indonesia

Female Fragrances Market Indonesia

For further reading click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/beauty-personal-care-indonesia/93470-95.html

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https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/global-facial-mask-market/111222-95.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

High competition Reducing the Profit Margin in Spain Baked Goods Sector- Ken Research

Bread has been an integral part of the Spanish diet. Almost every meal in Spain includes bread on a daily basis and the case has been the same for thousands of years. Earlier, the baked goods market had been going through a rough phase due to recession but now with the economy picking up, the baked goods market has also started showing signs of recovery. The consumer confidence in the market has been returning. Bread consumption was continuously declining for sometimes but has now regained its growth. Bolleria is a name for sweet bakery, which is one of the major segments of Spanish bakery market. It is the largest segment in the market followed by sliced bread.

According to the market research report "Baked Goods in Spain", the baked goods market has been growing in terms of volume after the problems faced by the market in 2014 and 2015. The companies are trying to increase the sales of products, which offer a higher profit margin.The artisan craft bread generates the most revenue and is mostly sold through in-store bakeries and local bakeries. Frozen dough bakery items are now becoming increasingly popular and are substituting the traditional bread dough because of less hassle. In terms of value sales, wrapped bakery holds an insignificant amount but is growing due to the growing prevalence of supermarkets that have in-store bakeries. The local bakers are losing their market share to in-store bakeries. Many of the big companies are trying to expand their business abroad due to less chances of growth in domestic market.
The market is highly competitive and the companies are trying to bring their costs down in order to make their products more attractive. Distribuidora International de Alimentación, S.A. (DIA), Eroski and Mercadona, S.A. are a few of the leading companies in the market. The distribution channels used by the producers include supermarkets, department stores, convenience stores, hypermarket, cash and carriers, variety stores, eRetailers and warehouse clubs. The strong distribution channels have been one of the key tools for improving the market conditions. Frequent deliveries are made to the distribution network. The pre-requisites for retail market of bakery goods include a good promotional packaging, a life shelf of at least 30 days, a margin of over 35% and listing fees according to the store numbers.
The companies have started to recognise the market opportunity by focusing on innovation and health in order to produce new and superior quality products. New product developments are mainly aimed at developing healthier options for the consumers as the existing products already have a high fat and sugar content. Many leading players are now bringing out age specific products in order to broaden their consumer base and offer wider variety to the consumers. For children the products contain high calcium and white bread for school lunches, for the young working generation options as healthy wraps have been introduced. The market has been rapidly adopting with the changes in consumer preferences and promises growth in the coming years. Even though the market shows vital signs of recovery, the disposable incomes remain low and there is high unemployment in the country which hinder the growth of the market.
Topics Covered in the Report

• Spain Baked Goods Market Research Report
• Spain Baked Goods Market Size
• Spain Baked Goods Market
• Spain Baked Goods Trade Market
• Spain Baked Goods Retail Market
• Spain Baked Goods Production Output
• Spain Baked Goods Import Volume
• Spain Baked Goods Export Volume
• Spain Baked Goods Market Future Outlook
• Spain Baked Goods Market competition
• Bakery market in Spain
• Bolleria market in Spain
• Spain Baked Goods Market share
• Spain Baked Goods Market growth
• Spain Baked Goods Market trends
• Spain Baked Goods Market future
• Spain Baked Goods Market analysis

For further reading click on the link below:
https://www.kenresearch.com/food-beverage-and-tobacco/general-food/baked-goods-spain/112189-11.html
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Opportunities in the Latin American Seasonings, Dressings & Sauces Sector: Analysis of Opportunities Offered by High Growth Economies
Research Report on China Beef Market, 2017-2021
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Hazy Growth in Baby Food Market Due To Low Birth-Rate in Taiwan: Ken Research

Taiwan is one of the richest economies in Asia. The country’s economy is established on the imports and exports of the goods. Taiwan has a well-built commercial code and open-market policies in the private sector and facilitates free flow trading. The baby food market is comparatively very small and is strictly affected by the low-birth rate in the previous years. Majority of the doctors recommend breastfeeding and advise new mothers to follow safety precautions while managing the attractive baby foods.

According to the market research report "Baby Food in Taiwan", the baby food market in Taiwan is affected by a chain of food scandals in the past years. Therefore, parents are opting for imported and expensive brands with better quality. Soon after, the country products were upgraded with quality and attractive marketing was organised to attract consumers and improve market growth in baby food. In the coming years, there

 will be positive impact on the baby foods market with the improved consumer disposable income. The growing urbanization and increase in the number of working mothers also increase the growth of the baby food market.

In Taiwan, Nestle Taiwan Ltd., Mead Johnson Nutrition (Taiwan) Ltd., Standard Foods Corporation, Abbott Laboratories Services Corp., and Hipp are the major competitors in the baby food market. Nestlé Taiwan Ltd., Standard Foods Corporation, Abbott Laboratories Services Corp., and Hipp offer many varieties of dried baby foods, milk formulas, ready-to-eat baby food and others. However, Mead John offers a few limited brands of baby milk formula stage-wise. Standard Foods is the only multi-national company that is currently manufacturing baby foods in Taiwan. The baby food products are milk, cereals, ready-to-eat meals, finger foods, and drinks.

Geographically, the baby food market is segmented into North America (the USA, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain & Portugal, Scandinavia, BENELUX), Asia-Pacific (China, Japan, India, Australia and New Zealand, South Korea), the Middle East and Africa (GCC and South Africa) and Latin America (Brazil and Argentina). The global competitors in the baby food market are Nestle, Mead Johnson Nutrition, DANONE, Meiji Holdings Co.Ltd., Abbott Nutrition, The Kraft Heinz Company, FrieslandCampina, Beingmate Baby & Child Food Co.Ltd., Pfizer and Others.

The sales of convenient baby foods in Taiwan have decreased over the years. The slow birthrate and awareness in breastfeeding is expected to decrease the growth in the baby foods market in the coming years. It is expected by the year 2022, that there will be growth in the retail sales of baby foods in Taiwan but the volume sales of baby foods may deteriorate.

Key Topics Covered in the Report:

Taiwan Baby Food Market Research Report

Taiwan Baby Food Market Size

Taiwan Baby Food Market

Online Baby Food Sales Malaysia

Taiwan Baby Food Retail Market

Taiwan Baby Food Production Output

Taiwan Baby Food Import Volume

Taiwan Baby Food Export Volume

Taiwan Baby Food Market Future Outlook

Taiwan Baby Food Market Competition

Baby Cereal Market Malaysia

Infant Formula Market Malaysia

Malaysia Dry Baby Food Market Research

Malaysia Baby Food Market Regulations

For further reading click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/baby-care/baby-food-taiwan/112187-95.html

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https://www.kenresearch.com/consumer-products-and-retail/baby-care/india-baby-mobility-equipment-market/107364-95.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Versatility of Bakery Products: An Integral Part Of Malaysians Lifestyle: Ken Research

Bread, breakfast cereals, biscuits, cakes and pastries, crisp bread, toasted bread, rusks, and other toasted products, wafers, waffles, sweet biscuits, gingerbread, and other bakery products are known as baked goods. These are an integral part of the lifestyle of a large number of people in various countries across the world as an essential part of breakfast and teatime. The most popular substitute food for rice and noodle in Malaysia are the baked products. The factors affecting the growth of the baked goods are the availability of broad range of products at affordable prices, convenience of ready-to-eat products, rapid urbanization, different tastes and textures of the products and most important factor is health benefits of baked goods over other options of available foods. The launch of healthy ingredients with new flavours and innovation lead to consumption, market growth, and greater production frequency.

According to the market research report "Baked Goods in Malaysia", the future of the baked foods in Malaysia will witness many changes. The introduction of trans-fat free, multigrain, whole grain based baked goods that are low fat, low calorie, organic, enriched with vitamins and minerals with added flavours. This will acknowledge a robust growth in the baked goods market. Consumers are shifting towards brown bread, whole wheat bread, multi-grain bread and other varieties instead of regular white bread. In addition, consumers now a day prefer sugar-free and gluten-free bakery products. The demand for cake and pastries with various flavours is a fast expanding category in baked foods market.

The major factors affecting the growth of the baked foods in Malaysia are increase in population, attractive advertising, western lifestyle, and reduced time for cooking. The improved transportation and logistics also helps in expanding the business network and achieve greater market penetration. In Malaysia, hypermarkets and supermarkets are the major distribution channel for baked products.

The baked goods market worth is in millions and has the largest market share in the consumption industry. Gardenia Bakery KL Sdn Bhd is the leading company in Malaysia and provides a wide range of products in packaged leavened bread, packaged pastries and other baked products. This company tops the list of competitors in Malaysia due to its well-built distribution and establishment. The baked goods market will witness an enormous growth in the coming years and will contribute to the country’s economy.

Key Topics Covered in the Report:

Malaysia Baked Goods Market Research Report

Malaysia Baked Goods Market Size

Malaysia Baked Goods Industry Revenue

Malaysia Baked Goods Retail Market

Malaysia Baked Goods Production Output

Malaysia Baked Goods Market Future Outlook

Malaysia Baked Goods Market Competition

Malaysia Baked Goods Market Growth

Malaysia Baked Goods Market Share

For further reading click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/baked-goods-malaysia/112188-11.html

Related reports:

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https://www.kenresearch.com/food-beverage-and-tobacco/general-food/research-report-china-beef-market/111263-11.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204