Tuesday, October 4, 2016

Hot Tea Consumption Rising in Latin American: Ken Research



Ken Research has recently announced its latest publication on “Hot Tea Consumption Volume and Growth Forecast to 2021-Latin America” which aims at providing in depth analysis of hot tea market of Latin America and it further provides profound understanding of the latest consumer trends and key macroeconomic factors driving demand for Latin American hot tea market. Further, it offers thorough insights of the market including information about leading market players and major influences driving innovation in market. Report also seeks to sketch a detailed view about future of Latin American tea industry by looking into recent market trends.

Overview of hot tea industry of Latin America
Few countries of Latin American economy is facing immense economic adversities while others are becoming economically affluent. Except Brazil and Ukraine other countries of Latin America is facing positive economic growth. Latin American countries covered in the report include Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.

Hot Tea is a ready to drink beverage from infusion of dried tea leaves or herbal and/or fruit ingredients in hot water or from instant, freeze-dried tea in granular or powdered form. Despite of rising tea culture demand for tea culture is also rising in Latin America. Chile and Bolivia are highest consumer of tea in South America. These are the only two nations that prefer tea over coffee. Further, rising demand is witnessed in nations like Brazil, Bolivia, Chile, etc. Further, Guatemala’s tea plantations are expanding its production in South America which are significantly contributing to world tea exports. Major tea brands like meh tea, brisk tea, the tao of tea, organic Rio, etc. becoming popular not only in Latin America but throughout the world.

Key drivers in hot tea market in Latin America
Demand for tea is rising substantially in Latin America. Demand for major varieties like mate leao, rosamonte, etc is rising globally. Various factors has led to expansion of Latin American tea market:

ΓΌ  Popularity of health campaigns

Since health awareness is rising throughout the globe thus demand for many health friendly teas are rising. Significant rise in demand for herbal tea, slimming tea, antioxidant tea, etc. is rising throughout Latin America. 

 Rising demand for Latin American tea globally

Demand for Latin American mate tea is increasing on a massive rate globally. This is leading to expansion in production base and rise in exports of Latin American coffee.

  Demand for exotic flavors and variety

Demand for exotic flavors and new innovative taste of tea are rising. This has surged demand for tea in various parts of Latin America.

Future of hot tea industry
Latin American tea industry is rising significantly with higher demand, production, revenue and exports. Though this industry is facing competition from other hot beverages like coffee, but still tea industry is expected to grow significantly in future. Higher demand is expected from regions like Chile, Bolivia and Brazil. Aggressive marketing campaigns, research and development to introduce new flavors, better channels of distributions, etc. are used for further expansion of market.

For more coverage click on link below:


Related Links



    Contact:
    Ken Research
    Ankur Gupta, Head Marketing & Communications
    +91-124-4230204

Monday, October 3, 2016

China Surpassed US as Largest Ecommerce Retail Market: Ken Research

Ken Research announced its latest publication on, “Retailing in China-Market Summary & Forecasts, offer insights on the changing trends and key issues within the China’s Retail Market. The publication includes an insightful analysis of changing consumer behavior, changing economic and demographic factors, technology innovations, leading domestic and international players, distribution channels and regulatory framework within which China’s Retail Market operates. The aforementioned analysis has been done for 26 products across 12 products categories in the retail market.
China’s Retail Market is the world’s second largest retail market. In 2013 China overtook the US as the largest e-commerce market in the world and is expected to again overtake the US as the world’s largest overall retail market by 2018 with Chinese spending to be accounting for one-quarter of the global retail market within a decade.
Mapping the China’s Retail Market Landscape
1











Global recession has slowed down the growth in China’s retail market. However the rapid evolution of China’s economy into a consumption-driven economy still provides for enormous growth opportunities in the retail sector. Increasing population with rising middle class, changing lifestyle, retailers spreading to second and third tier cities, market supporting govt. policies and online shopping takes off are expected to be the key factors boosting demand in the China’s retail market.
Despite the sluggish economic situation, the retail sector is expected to register a significant growth over the next five years to 2020. Various retail market products are expected to show increased sales, however at a decreasing rate.A strong affinity towards brands and increasing fashion consciousness will result in more spending on clothing and footwear. The food & grocery segment will continue to be dominated by local players and is forecast to grow at a CAGR of 11.17%, to reach an estimated value of CNY25, 982 billion in 2020. Online platform including e-commerce and m-commerce will be a key channel for retailing over the next five years.China continues to be the second the largest Duty Free market in 2020.

China is already the world’s largest e-commerce market. However, year-on-year growth in online sales in China slowed in 2013, but was still estimated at 42%. It is expected that Chinese e-commerce sales will reach US$650 billion by 2020, on account of increased mobile sales and increased internet penetration.
Key Macroeconomic Trends Driving Growth in China’s Retail Market
The growth of China’s retail market, though at a slower rate, has been possible on account of consistently improving macroeconomic conditions of China, which has led to increased demand for retail market products in one way or another. Consequently, the growth of the retail market in term of volume has shown positive but declining growth rates and is expected to continue with the same trend over the next five years.
China Economic Snapshot20112012201320142015
Population (million)13471354136113681375
GDP per capita (USD)55756260703775697808
GDP (USD bn)75118476957610,35210,736
Economic Growth (GDP, annual variation in %)9.57.87.77.36.9
Unemployment Rate4.14.14.14.14.1
Consumption (annual variation in %)11.09.17.37.8-
Retail Sales (annual variation in %)17.114.313.112.010.7
Inflation (PPI, annual variation in %)6.0-1.7-1.9-1.9-5.2
No. of households earning over US$50,000 (in 000’s)1,9512,7643,6554,6946,047
Table 2:UAE Economic Snapshot (Source: Focus-Economics. Com)
Some macroeconomic factors driving growth in China’s Retail Market include:
  • Increasing population with rising middle class has increased household consumption.
  • Economic growth with increasing GDP per capita has brought prosperity and a change in lifestyle of consumers.
  • Consistent unemployment rates implies that every year the labor force entering that labor market is employed, hence increase in consumer base for retail market.
  • of Households earning over US$ 50,000 has been increasing consistently over the years, which is driving the market for luxury items.
To know more on coverage, click on the link below:
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/retailing/29891-95.html
 Related Reports
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/future-retailing-china/21560-95.html
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/food-grocery-retailing/29892-95.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Future Growth of Wine Industry in Western Europe: Ken Research

Ken Research has recently announced its latest publication “Wine Consumption Volume and Growth Forecast to 2021”, which aims at providing in-depth market analysis of wine market of Western Europe.  It provides a top-level overview and detailed insight into the operating environment for the Wine market in West Europe. It is an essential tool for companies active across the Wine value chain and for new players that are considering entering the market. It further aims at providing comprehensive knowledge of the market with key figures on consumption values for the historic period. It provides information that aids in planning future business decisions using forecast figures for the market.
Overview of wine industry of Western Europe
Many Western European nations covered in this report includes countries like Austria, Belgium, Denmark, Finland, France, Germany, Greece, Italy, Netherlands, Norway, Portugal, Republic of Ireland, Spain, Sweden, Switzerland, and United Kingdom. Many of these nations like Austria, Belgium, Finland, France, Germany, Greece, Italy, etc. are also members of euro zone or European Union. Western European nations including France, United Kingdom, etc. are one of the largest and leading economies of the world with huge GDP and stable growth rate. Recently, UK surpassed the growth of France and became the fastest growing and biggest economy of Western Europe. This economic prosperity is also leading to sky rocketing of demand of luxury wines in Western Europe.
wine-industry
In the report, wine is considered as a juice of freshly gathered grapes, vinified according to the customs and traditions of the country of origin. Wine normally contains between 8-20% Alcohol, but lower alcohol content can be found in products such as wine coolers which are Still Light Wine without carbonation or fortification, Wine with carbonation, Champagne and Made Wine. Europe is popular worldwide for its tradition of making premium quality handpicked wines. From Christmas to dinner parties, wine has been an important beverage of European cultural events since centuries.  Homemade supreme quality of wine was extremely admired in European culture in medieval era. Even today, obsession for European luxury wines can be seen worldwide. Major market players in wine making industry of Western Europe include BodegesIrache, Greek Wine, Moncaro, The Wine Cellers, Maggi Francesco, CavadosBoulard, etc. All these major companies are producing finest and superb quality of wines.
Various recent market trends are listed below:
  • France and Italy are leading wine producing nations in Western Europe followed by Spain and Germany.
  • France has highest per capita consumption of wine. However, recently consumption is falling due to export led policy of government.
  • Red wine is the sub-sector with highest demand.
  • Per capita consumption of wine is rising across Western Europe. Demand for locally produced fresh wines is highest.
  • Both exports of wine from Western Europe and import of wine is increasing.
Key drivers in wine market of Western Europe
This ever increasing demand for wine is because of various factors:
  • Strong economic growth
Many economies of Western Europe like UK, France, Germany, etc. are global economic leaders. Rise in GDP and rising growth rates has led to ever increasing demand for wines in Western Europe. There is rise in income of middle class who are prime consumer of wines in Europe.  Thus, consumption of high quality luxury wines is rising laden to expansion of European wine industry.
  • New channels of sales and distribution
Unlike earlier times many new channels of wine sales have been introduced including hypermarkets, supermarkets, pubs, cafΓ©, bars, specialized retailers and wholesalers, etc. which is making wine more accessible and easily available laden to rise in per capita consumption of wine.
  • Significance of wine in European culture
Wine has notable importance in European culture since wine toasting is an essential traditional practice to rejoice every prestigious family gathering in Europe. Moreover, fancy and luxury wines are considered as status symbol which is creating huge market for such wines.
Thus key drivers in European wine industry are:
  • New channels of sales and distribution
  • Significance of wine in European culture’
  • Strong economic growth
Future of wine industryIn past few years wine industry has seen a major growth with soaring demand, expanding production and supernormal profits. Though Western Europe has significant demand-led expansion of wine industry but there are many factors which may constraint enlargement of wine industry. Recession in many nations after 2009, rising health awareness and obesity, rising prices of wines, etc. are chief reasons that are restricting expansion of wine industry in Western Europe.
Many eminent economies of the western zone of Europe is falling in trap of recession after 2008. Countries like Spain, Greece, Portugal, etc. are facing serious economic tribulations including high debt to GDP ratio, bankruptcy, high unemployment, bank failure, stock market fiasco, etc. this is a huge threat to the growing wine industry of Europe.
For more coverage click on the link below:
Related Reports
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Friday, September 30, 2016

Urbanization to Gear up China Food and Grocery Retail Sector : Ken Research



The research title “Food and Grocery Retailing in China-Market Summary & Forecasts" is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020. Both qualitative and quantitative insights and analysis of the shifting food and grocery retail dynamics for drinks, household products, packaged food, tobacco and unpackaged food from 2010 to 2020 have been covered.
As urbanization and rising disposable incomes along with a huge population of roughly 1.4 billion, maintains to expand China’s consumer market, the country’s retail grocery market is also evolving. While traditional markets are still present in China, consumers have diminished preference for them as these markets are increasingly facing competition from modern grocery retail formats, such as hypermarkets, supermarkets and convenience stores.
Supermarkets and hypermarkets are the market dominators of some larger cities, and their continued expansion to even smaller cities is expected to further drive competition in the grocery retail sector. Of the various retail channels, hypermarkets are expected to have the most growth potential in the Chinese market followed by the convenience stores due to rising disposable incomes and consumer’s preferences for convenience and modernized lifestyles. These factors are also expected to expand the opportunities for packaged food sales in the Chinese market. Products that address other consumer concerns, such as health and food safety, may be particularly promising. Internet retailing also continues to expand its presence in the market. In-fact, online spend on food and grocery is projected to grow at a CAGR of 34.03% during 2015-20.

Source: National Bureau of Statistics of China
The consistent growth in the GDP per capita is a major factor contributing to the growth of the hypermarkets and convenience stores in China. Convenience stores offer speed of service to time-starved consumers who want to get in and out of the store quickly. These shoppersrecognize this channel of trade for its convenient locations, extended hours of operation, one-stop shopping, variety of merchandise and fast transactions. Despite small operating areas, the product range is still quite broad.
China’s food and grocery retail market is dominated by local players of the country like CRE Ltd, Walmart, RT Mart etc.

Chinese grocery sales are set to grow by a third between now and 2020, according to forecasts from the Institute of Grocery Distribution.
The Chinese grocery market has proved challenging for western supermarket chains, with Tesco failing to make it alone on the mainland despite an ambitious program of building so-called “lifestyle malls”, anchored by Tesco stores. Walmart has struggled with food safety issues in China — a market where foreign brands trade on their reputation for quality, so any safety flaws are particularly bad for brand image.

Key Macroeconomic Trends Expected to Drive Growth of China Food Retail Sector
The food and grocery retailing market in China is forecast to grow at a CAGR of 11.17%, to reach an estimated value of CNY25982 billion in 2020. Modernization of Lifestyles, Urbanization and rapid and consistent increase in the disposable incomes are some of the major factors expected to drive growth of the Chinese Food and Grocery Retail sector. Apart from these, we also have few other factors that can be associated to this growth:
·The Ministry of Commerce of China is encouraging retailers to establish direct procurement bases across China to increase traceability and supply fresh produce to local residents.
· China’s regulatory responses to food safety concerns are many. For example, the “Further Supervision of Baby Milk Formula Quality” policy in June 2013 resulted in many local milk formula manufacturers exiting the market and later applied both antitrust legislation as well as price controls on the industry. The retail sale of unpackaged oils and fats as well as bulk dry fruits and nuts is also now banned in most locations.
· The Ministry of Commerce’s scheme to introduce modern retailing to rural areas since 2006 is designed to provide those residents with high-quality products at competitive prices in clean and tidy shopping environments, in an attempt to move grocery shopping away from wet markets and small, independent outlets.
To know more on coverage, click on the link
Related Reports

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Thursday, September 29, 2016

Skillsoft, Antoree, Coursepad, Epiphany lead the Market Share in Singapore E-Learning Content Market on the Basis of Revenue : Ken Research

Singapore e-learning companies serve the purpose of providing technology and content to various sectors such as corporate, educational institutes, government agencies and privately owned enterprises. In recent years there has been substantial development in Infrastructure, ICT sectors, demographic profile and an increased demand for skilled workers.
Greater focus on skill development and demand for literate workforce has led to an increase in the consumer spending on education in the country. The rising spending trends would encourage schools and universities to spend more on unique learning technologies and course digitization to higher extent.
Entrepreneurial environment in Singapore has provided enormous business opportunities to the e learning sector in Singapore. The rising demand for LMS systems has given an upward thrust to a number of companies which have set up business in the organized and unorganized segment of the e-learning market in the country.
The rising number of companies providing e-learning has made the competition severe and only a few companies would be able to survive the stringent competition prevailing in the market. Wizlearn Technologies has developed vast Learning Management system which has over 100 e-learning and administrative tools that allow for customization according to the user needs. The content market not only covers the content selling companies but also covers the private institutions and universities that provide Massive Online Open Courses (MOOC’s)
The corporate training and K-12 segment give higher weightage to the symmetry of content provided to the trainees, hence act a as a major demand source for these products. The penetration of digital education in Singapore has increased at a rapid pace in government and private schools, pre-nursery schools, school labs, colleges and universities, in the last few years as the ICT master plans in education have progressed.
Gamification in e-learning enables learners to rehearse real-life scenarios and challenges in a safe environment. In the field of online education, Gamification is used to promote the commitment of employees and students to the learning process
Corporate eLearning is growing on not only because the devices are everywhere, but because companies struggle with their Learning and Development budgets. Companies understand that continuous learning is a must for enhancing workforce productivity. But bringing in live trainers is expensive and similarly sending people out to be trained is expensive too.
For more information on the market research report please refer to the below link:
https://www.kenresearch.com/education-and-recruitment/education/singapore-elearning-market-statistics/43946-99.html
Related Reports:
Indonesia Digital Education and E-Learning Market Outlook to 2018 - Rising Trend of Blended Learning to Drive the Future Growth
Brazil Education Market Outlook to 2020 - Driven by Rising Preferences for Higher Education and Innovations in Classroom Teaching
India E-learning Market Outlook to FY 2018 - Increasing Technology Adoption to Drive Future Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Wednesday, September 28, 2016

Environment Friendly Farming building Sustainable Agricultural Equipment Market Forecast: Ken Research



Green revolution in India was basically initiated through success of high yield variety seeds, pesticides, insecticides, etc. which not only degraded environment quality in India but also damaged the quality of food supplied. This led to rising hostility against such farming methods laden to huge demand for organically produced farm outputs supporting positive growth of Agricultural Implants Market. Organic farming basically refers to those farming practices where agricultural output is produced without any use of chemicals like fertilizers, pesticides, etc. This sort of farming not only produced cleaner crop yield but also played a significant role in making farming equipment greener. This rising practice of organic farming is impacting agricultural equipment industry significantly. Every day new sorts of environment friendly equipment are introduced to cater the demand. 

In order to fulfill escalating demand for environment friendly farm machinery various new products are launched every year to promote mechanization of agriculture without damaging environment. Demand for machinery that works with use of renewable energy is increasing. Solar power fence installation is becoming extremely popular which helps farmers to produce solar electricity by themselves. This system is also known as photovoltaic system. Solar powered tractor is also receiving superb appreciation amongst farmers of India. Such tractors use solar energy as its fuel and work efficiently without providing any damage to the environment. Further, farms are making greater use of solar pumps, threshers, harvesters, etc. in their farms. Further, since organic farming completely restricts from using chemicals and pesticides on land, demand for chemical and DDT free pesticides and insecticides is increasing in India. Water conservation is one of the utmost goal of eco-friendly farming and for this reason recycling of water is becoming a fad amongst farmers. Thus, for this purpose higher use of efficient irrigation equipment is practiced. Further, recycling runoff machineries are greater higher admiration. Better tillers are demanded in order to conserve soil and prevent any sort of soil erosion. Machinery with low pollutant emissions is becoming extremely popular amongst farmers.
Challenges to environment friendly farming
Though green farming is quite in vogue these days, there are many challenges in the industry that must eliminated to provide massive boost to sustainable agricultural equipment industry. Many a times these agricultural equipment are quite expensive and hence farmers shun from using such machinery and rather focus on cheaper substitutes. Further, restrictive promotion of such equipment by the government and lack of education amongst farmers is making sale of such machinery quite restrictive.
Thus, opportunities for environment friendly farm equipment is quite vast and is expected to rise massively in future. Government policies are working to promote both mechanization and sustainability in agriculture laden to sky high demand for environment friendly and modern agricultural equipment in India.
For more information on the Publication, refer to below Link:

Related Reports:
https://www.kenresearch.com/tag/agriculture-and-animal-care/tillers/72.html

https://www.kenresearch.com/tag/agriculture-and-animal-care/tractors/68.html

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