Philippines Freight Forwarding Market is Expected to Reach USD 41.3 Billion by 2020: Ken Research

Latest market research report “Philippines Logistics Market Outlook to 2020 –Driven by Customized Logistics, E-commerce Activities and Changes in Freight Forwarding” by Ken Research entails analysis of the logistics infrastructure, investment and revenue generation in Philippines. The report covers various aspects such as market size of logistics, freight forwarding (sea, air, road freight transaction volume, cargo volume handled), express delivery, third party logistics, e-commerce logistic, balikbayan box and Cold Storage market. The report also provides competition scenario and company profile of major players operating in third party logistics, express delivery logistics, air freight forwarding, sea freight forwarding market in Philippines. The report will aid domestic and International logistic players, consultants, government and other stakeholders to align their market centric strategies according to ongoing and expected trends in the logistics industry.

The Philippines freight forwarding market has witnessed a marginal increase over the years. Due to the rapid economic development of the Philippines, international and domestic trade volumes have significantly improved over the years from 2010 to 2015 which had increased the freight forwarding market in Philippines. The improvement in trade has resulted in an astounding demand of freight forwarding services in the country. Also, the growth in demand of freight forwarding services in the country has propelled the ingress of multinational companies in Philippines. The revenue registered from the freight forwarding market had increased from USD 20.2 billion in 2010 at a CAGR of 7.9% during 2010-2015.
According to the research report, the Philippines freight forwarding market will grow at a CAGR of 6.8% during 2016-20, thus reaching USD 41.3 billion by 2020. The government support and rapid economic development in the country will increase the market in future. Expansion in the e-commerce market and the increase in preference of business and consumers to transport goods in shorter amount of time will derive the express market in future.
“The domestic freight forwarding business in the Philippines has been plagued by poor infrastructural growth and development. The present infrastructural systems have not been able to keep up with the rapid expansion of freight forwarding industry which has led to congestion at ports which has further increased delays in delivery time. The players in the industry should look forward to utilize alternative routes such as BCT and Laguna gateway instead of using the major ports like Manila, Bantangas and others. Filipino government will look forward to promote investments to develop sufficient infrastructural facilities such as road networks, sea ports and airports” according to the Research Analyst, Ken Research.
Key Findings in the Report:

• The lower export revenues from agro based products and petroleum pulled down the exports. The Cargo throughput in 2015 was reduced by 32.8%. The market has however grown at a CAGR of 4.7% during 2010-2015.
• In order to support the growth and sustained economic development, the government of Philippines will look forward to provide adequate support systems through streamlining administration processes, simplification of tax structure and integration of more advanced technology to enhance productivity levels.

Key Topics Covered in the Report:

• Philippines logistics Market Size
• Market Segmentation by
  • Philippines Logistics and Forwarding Market Segmentation
  • By Type of Service
  • By B2B and B2C Clients
• Philippines Warehousing and Value Added Services Market
• Market size of Warehousing market
• Value Added Services Market
• Philippines Cargo Handling Size
• Philippines E-commerce Logistics Market
• Philippines Third Party Logistics Market
• Logistics and Forwarding Market Entry Barriers
• Filipino Freight Forwarding Market
• Market Segmentation by
  • by Seasonal Demand
• Balikbayan Market Future Outlook and Projections
• Market Share of Major Players in Domestic Air Freight Forwarding Market
• Market Share of Major Players in International Air Freight Forwarding
• Market Share of Major Players in Sea Freight Forwarding Market
• Philippines Balikbayan Box Market Introduction
• Market Segmentation by
  • Road Freight, Sea Freight and Air freight

Balikbayan Market Future Outlook and Projections

• Philippines Express Delivery Market
• Value Chain Analysis of Philippines Express Delivery Market
• Market segmentation
  • By Road and Air Express
  • By International and Domestic Express
• Express Delivery Market Barriers to Entry
• IT Systems Architecture in Express Delivery market
• Domestic Express Delivery Market
• International Express Delivery Market
• Philippines Express Delivery Market Future Outlook and Projections
• Market Drivers and Trends
• Philippines Logistics Market Future Outlook and Projections
• Analyst Recommendation
• Macro Economic Analysis
• Infrastructure

Companies Covered in the Report
Domestic Express Delivery players
LBC Express
Philippines Postal Corporation
JRS Express
Airfreight 2100 Inc
2 GO Express
International Express Delivery Players
DHL
FedEx
UPS
TNT
Domestic Airfreight Players
2Go Express Inc.
Cargo Padala Express Forwarding Service Corp
Wide Wide World Express, Inc.
JRS Business Corporation
AA! Worldwide Logistics
Vintel Logistics Inc
International Airfreight Players
Nippon Express Philippines, Inc
Yusen Logistics Philippines, Inc.
Trans-global Consolidators, Inc.
Kintetsu World Express Philippines, Inc.
Panalpina World Transport (Philippines), Inc
Schenker Philippines, Inc.
Kuenhe & Nagel, Inc.
UPS-Delbros Transport, Inc.
Expeditors Philippines, Inc.
Related Reports:
India Logistics and Warehousing Industry Outlook To 2019 - Driven By E-Commerce Logistics And Make In India Initiative
UAE Logistics Market Outlook To 2019 - Driven By Infrastructural Investment And Expanding Foreign Trade
Romania Logistics, Warehousing And Postal Services Market Outlook To 2018 - Rising Intermodal Logistics Service To Drive The Future
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Indonesia Animal Health Market is Expected to Reach USD 327 Million in 2019 – Ken research

The animal health industry in Indonesia is highly regulated. This concern stems not only from the public health, food safety and food security aspects but also from huge economic costs that those animal disease outbreaks. The Indonesian government has taken keen interest in the growth and development of farm animal health care. In 2013, the government had introduced strict norms in animal health act, which has stringent the guidelines of controlling various livestock diseases and demanded extra care from livestock owners. Over the past decades, the emerging and re-emerging diseases due to increasing freedom of trade in animals and animal products such as opening up of trade with Japan has heightened the need to strengthen disease control system.

The Indonesia’s animal health market can be broadly categorized into the various types of products offered namely feed additives, pharmaceuticals and vaccines. The market has been dominated by feed additives over the past few years due to the increased animal population in the country and the rising demand for better quality of livestock products such as meat, beef and others by the consumers. The second highest share was captured by pharmaceuticals segment. The pharmaceutical products include animal antibiotics, anti-microbial, parasiticides and others. Additionally, animal vaccines represented the fastest growing segment of this industry. The increased ownership of pets such as dogs, cats, birds and horses has led to this industry escalating at such a rapid pace.
According to the Research Analyst, Ken Research Indonesia animal feed additives market has grown tremendously over the years, owing to the rising expenditure on farm animals in the country and a consequent rising dependence on the livestock output for ensuring food security in the country. The market is already been subjugated by number of players, which offer extensive range of products including injectables, vitamins, minerals and enzymes. The market of animal feed additives in Indonesia is fragmented and is majorly dominated by the domestic players. Cargill Inc, ADM Alliance Nutrition are amongst few international players holding a significant share in the market.
The largest contributor to the Indonesia feed additives market has been vitamins. Vitamins are feed supplement for domestic animals such as cattle, poultry, beef and sheep. Vitamins  such as vitamin A, B12, D and E, each playing a significant role of its own. Vitamin A helps in bone formation and night vision. Vitamin B 12 has a significant role in ruminant animals with cobalt as a precursor. Similarly, vitamin E acts as an antioxidant for unsaturated fatty acids, metabolism and maintaining cell membranes. The third largest segment of the Indonesia animal feed additive market has been amino acids and anti-oxidants others comprised of products such as minerals, binders and probiotics and others with 3.5% contribution in the feed additives market of Indonesia.
Animal pharmaceuticals cover an extensive range of products, including anti-parasitic drugs, anti-inflammatory medications, anesthetics, pain medications, antibiotics and specialized products used to manage reproductive, cardiovascular or metabolic conditions. The animal pharmaceuticals segment of Indonesia was the second largest contributor to the animal market revenue. The revenue contribution from pharmaceuticals segment to the overall market revenues was influenced by an increased awareness about the benefits of these medicines amongst the owners of livestock and pets. According to the Research Analyst, Ken Research
For further detail follow the below mentioned link:
https://www.kenresearch.com/agriculture-and-animal-care/animal-care/indonesia-animal-health-market-research-report/686-104.html
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KenResearch
AnkurGupta,HeadMarketing&Communications
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The Market for Saudi Arabia Medical Devices is Expected to Flourish at a Noteworthy CAGR of 6.5% over 2015-2019 – Ken Research

Saudi Arabia’s first organized healthcare system was established in the year 1926 under which two hospitals were opened, Ajyad hospital in Makkah and Bab Shareef hospital in Jeddah. Prior to this the healthcare system in Saudi Arabia was completely unorganized. The real expansion of the overall healthcare sector of the country, however, only occurred over 1980-1990 during which a large number of hospitals and primary health centers were established all around the kingdom. Despite the advancements made by the MOH, supply of healthcare facilities struggled to keep struggled to match the pace of the escalating population. Therefore, to meet the shortfall the government started taking initiatives to encourage the involvement of private players in this potentially lucrative sector.
Over the last few years the government of Saudi Arabia has directed its efforts towards improving the overall healthcare of the country due to which the overall Healthcare Market has grown considerably. Healthcare market revenues have augmented at a noteworthy CAGR of 10.0% during 2009-2014. This growth in the market revenues has been perceived on account of consistent excellent performance of pharmacy retail Sector. This enhancement in the market was also assisted by significant growth of the country’s medical devices market and polyclinic Market.
The Saudi Arabia Healthcare Market has been segmented on the basis of different sectors namely polyclinic market, hospital market, pharmacy market and medical devices market. It has been found that the Polyclinic market contributed major proportion of the revenue generated from 2009-2014. It mainly includes MOH Polyclinics and Private Polyclinics during 2009-2014. Market on the other hand, has been considered as the second largest sector in the overall Healthcare Market. It mainly includes MOH hospitals and Private hospitals. Pharmacy Retail Market has been considered as the third largest sector in the overall Healthcare Market, It mainly includes Hospital Based Pharmacies, Pharmacies in Polyclinics and Chain based Pharmacies.

Saudi Arabia pharmacy retail market has been segmented on the basis of major cities that account for majority of Pharmacies. Riyadh has been the most dominant region in the Saudi Arabia pharmacy retail market during 2014. The reason behind this domination is that Riyadh is the capital of Saudi Arabia with the largest share of working class population and comprised of most number of hospitals and polyclinics in the country during 2014. Jeddah has been the second major city of pharmacies across Saudi Arabia during 2014. The reason behind this is that Jeddah is considered as the commercial hub of Saudi Arabia and is the second largest city in the country with a population base only second to Riyadh.
Saudi Arabia pharmacy retail market can be segmented on the basis of patented, private label goods (OTC products) and generic drugs. Patented drugs dominated the Saudi Arabia pharmacy retail market during 2014. The private label goods segment is second largest category of the overall pharmacy revenues during 2014. This has been due to the growing consumer income, stronger advertising support and tendency of customers to purchase additional consumer skin care and hair care products along with medicine over the counter. Generic drugs have been the smallest segment in pharmacy retail sector of Saudi Arabia.
For further detail follow the below mentioned link:
https://www.kenresearch.com/healthcare/general-healthcare/saudi-arabia-healthcare-market-research-report/1106-91.html
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KenResearch
AnkurGupta,HeadMarketing&Communications
Ankur@kenresearch.com
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The South Korean Online Retail Market is Expected to Grow at a CAGR of 17% in the Future – Ken Research

Marketplace model is the most commonly implemented business model in South Korea online retail market. An online marketplace model involves facilitating transactions between buyers and third party sellers who can interact with each other directly. The marketplace builder becomes the operator and provided customers with a platform to place their transactions. The marketplace operator aggregates the best offers for the customers without facing any hassles of handling logistics and inventories. . A typical e-commerce marketplace aggregates product information from multiple sellers, which allows users to compare different products and make purchases. Buyers visit the online marketplace, browse and select an item from the product range and the marketplace places that order through the third party seller, who in turn handles fulfillment of that purchase.

The South Korean online retail market can be generally segmented into the following product types naming- clothing and fashion products, books and stationary, electronics, food and grocery, sports music and entertainment, beauty products and the others which would consist of the infants and children products, household goods, motor parts and accessories and garden products. The leader in market has been the electronics product category. Moreover, people can purchase the products easily from the local markets at a cheaper price owing to a presence of a large number of manufacturers.
The South Korea online clothing and fashion products market has emerged as one of the fastest growing market in the previous few years. This industry has been majorly driven by factors such as high speed internet, smartphone penetration in the country and a high proportion of middle aged people in the country who prefer to keep up with the ongoing trends and fashion. . The online clothing and fashion products market is poised to grow at a CAGR of 25.8% in the coming five years backed by higher demand of the clothing and fashion products by the middle aged population of South Korea who are generally skeptical to make large transactions online.
Online books and stationery market is a vital component of South Korea online retail market. The capacity for online books and stationery market in South Korea has showcased a glorifying growth rate, which was determined by advent of e-books which can be read on PCs, mobile phones, laptops and tablets. The South Korea online books and stationery market has showcased a compound annual growth rate of 8.2% in the period, 2009-2014. With an increase in schooling population, the competition is going to intensify and new players have looked forward to establish themselves in the market. Kyobo for an example was the largest offline bookstore chain in the country; however with increasing popularity of e-commerce, they have initiated their online book store as well.
The mergers of organizations have always been successful in reducing the competition but at the same time they also increase the strength of the companies involved in the process. The mergers and acquisitions in the South Korea online retail market have opened up plenty of opportunities for the companies in terms of higher penetration, efficient capital allocation, greater customer base and increased reach of the companies indulged with a global presence. Apart from the ongoing investments Coupang is expected to be the largest online retailer of South Korea with its plan of expanding its product offering with help of the ongoing investments.
For further detail follow the below mentioned link:
https://www.kenresearch.com/technology-and-telecom/it-and-ites/south-korea-online-retail-market-report/695-105.html
Related Reports:
Asia Online Jewellery Market Outlook to 2019 - Driven by Lucrative Discounts and Rising Online Buyers
India Online Grocery Market Outlook to 2019 - High Growth Prospects due to Increasing Internet Coverage and Smart Cities Emergence
The Philippines E-Commerce Market Outlook to 2018 - Driven by Rising Internet Proliferation and Effective Online Payment System
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

During 2015-2019, the Vietnam E Commerce Market is Anticipated to Incline at a CAGR of 20.5% - ken Research

E-commerce industry in the global market continues to evolve and experience high growth in both developed and developing markets. Appearance of various local/ non-banking players in the online payment gateways market has also witnessed growth at a rapid pace. Being a country with a population of over 90 million, Vietnam is one of the Asia’s unexplored markets in terms of the potential in holds in E-Commerce. In the past decade, E-commerce was able to took over the world but Vietnam remained more or less alienated from that trend and it was only recently with the start of this decade that it managed to gain some attention in Vietnam, only after 2011. Vietnamese are slow adapters of new technology and primarily rely and trust conventional ways for doing things.

Vietnam B2C E-Commerce market    has been segmented into: Vietnam Online Retail market, Vietnam Online travel market and Vietnam Online Entertainment & Services booking market. During 2011-2014, the online retail market accounted for majority of the revenue of the overall GMV generated by Vietnam E-commerce market. . The incline in share can be attributed to consumer’s preference of buying clothes and electronics online as compared to many other products. Online Travel market including categories such as hotel & travel booking, air ticketing and food has been the second major contributor to the overall E-commerce market. Online Entertainment & Services booking market has been the contributed 9.6% of the overall E-commerce market GMV in 2014.
Banks are expected to offer several value-added services through their electronic channels such as tax collections, trading, bill payments and others. Additionally, internet banking enables customers to process diverse transactions with ease. They can view transaction details, transfer funds, pay bills as well as make purchases. Internet banking will further reduce the costs per transactions of banks. Thus with the increase in the usage of online payment instrument, the market for online payment gateway will increase. The online payment gateway market has increased at an annual rate of 45.2% during 2013-2014.
Vietnam online payment gateways market has been segmented on the basis of different modes of payment into electronic wallet, bank transfer, mobile cards and payable cards. In 2014, E-wallet accounted Majority of the overall payments made through online gateways. The dominance of e wallet in online payment gateways market can be attributed to the fact the E-wallet offers facility of worldwide access to people and thus facilitate online payments. The second major payment gateways used for making online payments were Bank transfers
Online Retail market of Vietnam has been mainly used by working population and youngsters which enjoy online shopping in the country. In order to establish an online retail store in the country firms need to collect information regarding various aspects of the market such as consumer preference, driving forces, payment mechanism and others. Online E-commerce market in Vietnam has enhanced in the past few years with more than 20.5 million online shoppers in the country in 2014. Vietnam is expected to have a rise in internet population for the purpose of Online Retailing. People in Vietnam are risk-averse and late adopters of new products and technology.

For further detail follow the below mentioned link:
https://www.kenresearch.com/technology-and-telecom/it-and-ites/vietnam-ecommerce-market-research-report/926-105.html
Contact:
KenResearch
AnkurGupta,HeadMarketing&Communications
Ankur@kenresearch.com
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Palawan Pawnshop, Cebuana, Lhuilier and M Lhuilier are Three of the Largest Pawnshop Businesses in the Philippines – Ken Research

The Philippines economy stood as the 40th largest economy in the world and has been one of the most budding amongst other economies in the Asian region in the last five years. The government of Philippines has carried out a string of legislative changes to improve the entrepreneurial environment and to make the private sector stronger to produce a healthy job growth. Higher growth in 2014 was largely led by fertile private consumption and construction, the revival of public spending as well as the growth in net exports. The growth in Philippines economy was the highest amongst the ASEAN-5 countries. One of the major factors that drove growth in private construction was the rising demand for residential and office space.

The market for domestic money transfers in the Philippines has been exceedingly dynamic and has matured since the last five years. Practically everybody who wished to make a domestic money transfer or a remote bill payment does so and has a gamut of alternatives available in terms of the presence of numerous formal payments service providers (PSP) in a market with high competition. The market has also been flooded with informal means of making payments which include friends, family and vehicle drivers. Domestic money transfers encompass both remote money remittances and payment of bills.
According to the central bank of the Philippines, approximately 8 out of 10 heads of Filipino households do not have any bank accounts, with the majority not having adequate cash accumulated for emergencies. 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. Pawnshops have been an important part of Philippines’ financial sector, surpassing banks in terms of physical reach. . Comparing to other financial institutions, pawnshops outnumbered savings and loans associations, universal and commercial banks, and rural banks. Palawan Pawnshop, Cebuana, Lhuilier and M Lhuilier are three of the largest pawnshop businesses in the Philippines, offering a variety of money transfer services.
Philippines ranked as the third largest recipient of remittances worldwide in 2014, followed by France, Germany, Bangladesh, Belgium, Spain, and Nigeria, and trailed India and China. The Philippines received remittances from all over the globe. However, a momentous proportion of remittances were received from the US, followed by Saudi Arabia and UAE. Even though the US has not been amongst the leading destinations for Filipinos, it has continued to dominate the remittance inflows in the Philippines over the past five years. Filipinos have been recorded as the second largest immigrant group in the US, with the category being led by Mexican immigrants.
The continued expansion of remittances in the past several years has been impelled by the sustained innovation on the part of banks, money transfer companies and other financial institutions which provide remittance services to overseas Filipino workers. Majority of the money remittances received by Filipino households are routed through commercial banks. On the other hand, money transfer companies such as I-Remit, LBC Express, Western Union, Xoom and Money Gram were also important remittance channels for OFWs in the Philippines.

For further detail follow the below mentioned link:
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/philippines-remittance-market-research-report/2067-93.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
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+91-9015378249

Mataharimall.com is the Second Largest Player in Online Retail Market of Indonesia – Ken Research

E-commerce industry in the global market continues to evolve and experience high growth in both developed and developing markets. Appearance of various local/ non-banking players in the online payment gateways market has also witnessed growth at a rapid pace. A rapid rise in the number of broadband connections, Smartphone’s and innovative payment products has driven the growth in online retail market, though security remains the biggest apprehension in e-commerce market. Merchant’s payment needs have evolved the market dynamics of e-commerce market due to their focus on enhancement of user experience coupled with their partnerships with banks/ non-bank in order to provide consumer-oriented innovative payment solutions.

According to the Research Analyst, Ken Research  Online Retail Market of Indonesia has undergone profound changes since modern outlets have increasingly replaced wet markets and independent small shops. A decade back, the thought of getting clothes, footwear, bags and jewelry via online e-portals was completely inconceivable, however, with the emerging entrepreneurial idea of opening online shopping sites has changed the views of millions of people. As of 2014, Indonesia has numerous retail websites such as Rakutan, Zalora, Lazada, Lotte Group, PT Trans retail, PT superhero and others with innovative product offerings, attractive pricings, seasonal offers and discounts.
The Indonesia e-commerce market has showcased a remarkable growth during the span of last five years on the ground of expansion in product range as well as surge in online market places. In 2014, B2C retail distribution model was one of the largest. B2C retail in Indonesian archipelago has been capital intensive and margins have been achieved majorly through economies of scale. B2B commerce firms of Indonesia constantly suffer from problems related to sourcing, shipping and approval services. Online C2C commerce market has been one of the major growth drivers of online commerce market of Indonesia. Kaskus, Tokobagus and Berniaga are the largest online C2C commerce companies in the country.
Indonesia’s online retail market has grown year on year as people have switched their preferences towards online shopping. The major players have been in a race to increase their share in the industry by implementing various marketing initiatives, technology advancements and switching to different business models. Amazon Indonesia was the leading player in the industry, MatahariMall.com is the second largest player in online retail market of Indonesia. The firm is a local online retailer in Indonesia. In February 2015. The firm has been in direct competition with Rocket internet group brands Lazada and Zalora in the country.,According to the Research Analyst, Ken Research
For further detail follow the below mentioned link:

https://www.kenresearch.com/technology-and-telecom/it-and-ites/indonesia-ecommerce-market-research-report/2114-105.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

The Revenue Of Flavor Market In India have Enhanced At a CAGR of 9.9% During FY’2010-FY’2015 – Ken Research

The flavor and fragrance industry has witnessed tremendous growth over the past few years especially during FY’2010-FY’2015 in India. The consumers in the country are steadily moving towards the packed and canned foods, which has heightened the growth of flavor segment in India. Various factors such as economic growth, rising prosperity, incline in urban class population and busier lifestyles have contributed to an inclining growth for flavors. Moreover, busier lifestyles in the country have triggered increase in consumption of ready to eat foods. For consumers unwilling to compromise on taste, health or convenience, flavor companies have been bent on innovating new products. The demand for flavors has widely enhanced over the last couple of years.
The India flavor market is diversified across several fragrance families such as vanilla, butterscotch, exotic flavors, blackcurrant, kesar and others. The market was dominated by vanilla flavor which remained the largest demanded flavor of the flavor market in India. Exotic flavors are also demanded at a wide scale, although it is a newer product line but still the demand is very high as compared to other flavors. These flavors generally include flavors such as strawberry, cranberry, mulberry and many more. Butterscotch and black currants were the third and fourth largest contributor to the overall fragrance market.

Flavor market in India has been segmented on the basis of types of applications which comprise beverages, bakery, confectionery, dairy, pharmaceuticals, tobacco and others. The Flavors used in the beverages have grossed the highest revenues for the flavor market. Confectionary has been the second largest revenue contributing segment to the overall flavor market in India during FY’2015. Dairy is the third largest product in flavor market of India, This product has witnessed a huge spike in terms of revenues owing to higher demand of flavored milk especially among urban households. The demand for pharmaceuticals products and tobacco have enhanced during the span of last five years.
The demand for flavors has been catered by two distinct sources: imports and domestic production. The demand for flavors in India is accomplished largely through domestic procurement. On the other side, the import demand for flavors was very low. In the coming years, it is expected that import demand for flavors products is likely to augment, which is anticipated to be driven through surge in personal disposable income, rising urbanization levels and growing preferences for foreign flavors.
The flavor market in India has been segmented on the basis of synthetic and natural flavors. Natural chemicals are those which are created from the edible products such as essential oils, oleoresins, fruits, leaves and several others. However, synthetic flavors are processed in laboratories using inedible things such as petroleum. It has been estimated that during FY’2015, synthetic flavors accounted majority of the overall flavor sales in India. The major reasons of the domination of synthetic over natural flavors is that the cost incurred and time taken in production is less in comparison to that of natural flavors .
For further detail follow the below mentioned link:
https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/india-flavor-fragrance-market-report/2127-95.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
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Paytm, Freecharge, Mobikwik and Airtel Money Dominated the Market Transaction Volume in FY’2015 - Ken Research

India bills payments market has grown at CAGR of 15.5% during FY’2010 to FY’2015 in terms of volume of bills paid. This market has grown piggybacking on the growth in the number of subscribers of Mobile, DTH, Data Card and utility services; higher internet penetration in India esp. through the use of wireless devices; increased access to electrical appliances & higher tariff charges resulting in higher spending on electrical bills and rise in prices cooking gas. Also, the emergence of online payment portals, mobile wallet companies and payment banks has enabled the growth in bills payment market by offering lucrative deals such as cash back or discounts thus providing more value for money to the customers. Intense competition and strategic collaboration among these participants will help scale up acceptance of digital bill payments and foster growth.

India bills payment market has been segmented on the basis of mode of payment into online bills payment market and offline bills payment market. Online bills payment is self initiated by the consumer and involves a digital payment while offline bills payment involves payment in cash to the billers or its designated payment outlet. The rapid growth of smartphone users, Internet penetration and e-commerce is driving the growth of non cash payments. There are a big number of mobile first internet users who do not need a laptop or a desktop to make an online bill payment. India bills payment market comprises of four major components namely, mobile bills payment, DTH bills payment, data card bills payment and utility bills payment.
Mobile wallet market in India is surging on account of growing online transactions, rising trend towards mobile banking, and ease of usage of mobile wallet applications. Mobile wallets have been transforming the digital payments landscape in India which in turn has helped mobile wallet bills payment market grow rapidly. Earlier, mobile wallets were used only for mobile recharges, which have now been extended to data card bill payments, DTH recharge and utility bill payments. However, during 2014-15, the use of mobile wallets surpassed the boundaries of bill payments and expanded its portfolio to include money transfers, e-commerce payments, payments for booking movie tickets, rail tickets with a host of other online bookings and payments.
The mobile wallet bills payment market in India is majorly dominated by a few large players, which have managed to gain dominance over the market in a very short span of time. The largest player in the mobile wallet bill payment market of India in FY’2015 was Paytm. Paytm is the first company that entered e-commerce space with mobile-first and wallet-first approach to e-commerce. Freecharge has been the second major player in the market of mobile wallets in India. It recently added metro card recharging as a feature of its platform. The wallet can be topped up with debit cards, credit cards and net banking.
India offline bills payment market stands for the market of cash bills payment. These cash bill payments can be made at the retail-cum-payment outlets or at the biller’s desk. Biller’s desk would mean the premises of the service provider as in case of the electricity service provider allows the customers to move to its premises to make a bills payment at the counter. During FY’2015, 94% transaction volume in the mobile bills payments market were generated from offline payment channels. In order to tap the vast consumer base in India the mobile and DTH service providers adopted a 2-tiered distribution channel. These providers appointed distributors and the distributor brought a number of retailers on panel.
For further detail follow the below mentioned link:

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/india-payment-services-market-research-report/625-93.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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Sale of Apparel and Footwear in Philippines Observed Steady Growth CAGR of 7.3% during 2009-2014- Ken Research

Theapparel and footwear market of Philippines has been influenced greatly by their native ancestors. Filipinos had conformed their way of dressing due to three factors, namely, colonial influence, media influence and climatic conditions. The apparel and footwear industry of Philippines had become quite famous for its unique products. Philippines apparel and footwear industry has been largely driven by the demand for various local and international branded products in the country. The native population has majorly used crude weaving in order to manufacture garments since the Spanish era. The country has been continuously witnessing an increasing business and consumer confidence which has been stimulated by increasing disposable income of buyers, especially among young professionals in urban areas.

The value chain of apparel and footwear in the Philippines has been divided into two major categories, namely, international and local production. The products which are manufactured internationally are imported through traders majorly using sea routes and are then distributed to retail outlets across the country. Foreign brands have targeted popular shopping malls, retail outlets and their exclusive stores to promote and their sell their products in the local Filipino market. On the other hand, local manufacturing of apparel and sportswear products undergoes a series of steps before the availability of the finished product.

The fashion industry in Philippines has been comprised of two major products, apparel and footwear. The demand of both apparel and footwear in the Philippine market has remained strong over the years despite of several down-face factors. The year 2014 witnessed a higher demand of apparel products in comparison to footwear. The total sales of apparel have showcased a higher percentage share of the market during the review period 2009-2014 due to the demand of higher variety of usage in the daily lives of people. The Philippines also possesses a more tropical climate with high humidity and rainfall. Hence, the people tend to change apparel products on a more frequent rate than footwear due to the impact of sweat on clothes.

The footwear and apparel market in the Philippines has been subject to seasonal fluctuations. The months of May, October and November were observed as the high sale months in the country. Additionally, it has been observed that Filipinos were significantly attracted by discounts and clearance sales in the seasonal months which have assisted in the growth of the overall apparel and footwear market. The segmentation of the Philippines apparel market has witnessed stiff competition between the population below 14 years of age and those above 14 years. In the year 2014, the percentage share of the total revenues generated by the sale of apparels to the population below 14 years of age is higher as compare to those above 14 years.

Local manufacturing organizations which produce apparel products have majorly exported their products to international markets. Higher demand in countries such as the US and Japan has enabled traders to thrive in the Philippine apparel market. Exports of apparel have showcased a fluctuating trend over the timeframe 2009-2014 and have reflected a CAGR of 4.6%. The major countries that registered apparel imports from Philippines include the United States of America, Japan, Republic of Korea, Canada and Germany.

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