Health and Personal Accidents Insurance Industry in Pakistan: Ken Research

·         There has been a consistent decline in the number of life insurance companies mainly due to limited demand for life insurance on account of small urban market and presence of state-owned corporation, which enjoys almost a complete monopoly in the market and thus leaves very little share for other companies.

·          Pakistan’s public healthcare system faces challenges in the form of rural-urban disparities in healthcare delivery, an insufficient number of doctors, nurses, medical technicians, and limited choice in terms of physician practitioners.

·         Health insurers are also partnering with organizations outside the segment to offer health insurance plans to customers in order to increase their market share.

Ken Research announced its latest publication on, ‘Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2019’, which provides detailed information on the market trends in the Insurance market. In addition, report is a comprehensive report, providing detailed analysis of the market trends, drivers, challenges in the Pakistani personal accident and health insurance segment. In addition, it provides insight regarding major players in the industry.

The insurance industry in Pakistan is relatively small compared to other developing countries in the region. The insurance penetration and density remained very modest as compared to other jurisdictions while the insurance sector remained underdeveloped relative to its potential. Since, there has been a consistent decline in the number of life insurance companies mainly due to limited demand for life insurance on account of small urban market and presence of state-owned corporation, which enjoys almost a complete monopoly in the market and thus leaves very little share for other companies.

Additionally, Pakistan has quite low GDP per capita, low literacy rate and low women participation and empowerment in society, which further  indicates low purchasing power and thus indicates that total population is living below poverty line.Hence,all these factors have contributed towards low share of Pakistan insurance industry in the world market. Pakistan’s public healthcare system faces challenges in the form of rural-urban disparities in healthcare delivery, an insufficient number of doctors, nurses, medical technicians, and limited choice in terms of physician practitioners

Almost 97% of Pakistan’s population is Muslim and the reason behind the low insurance penetration rate in this country is that insurance is regarded as unethical from a religious point of view by a large segment of people. Therefore, the government of Pakistan has been actively involved in promoting Islamic Insurance (Takaful) over the last few years.  The Insurance Department of the Securities and Exchange Commission of Pakistan (SECP), the regulatory body for insurance, introduced Takaful rules in 2005 to regulate operations of Takaful insurance companies; the act also allows conventional insurance companies to transform into Takaful-based companies.

Initially, Pakistan was slow to respond to the global Takaful trend but, within a brief period, five Takaful companies (two general and three families) were established, and more companies are scheduled to enter the market in the near future. Foreign investors, particularly from Gulf countries, are heavily investing in Pakistan’s Takaful industry. Actuaries in Pakistan are increasingly in demand from Takaful companies to employ their analytical skills to this new industry. Health insurers are also partnering with organizations outside the segment to offer health insurance plans to customers in order to increase their market share.

In addition to underwriting profits, Pakistani personal accident and health insurance insurers are focusing on generating returns on investments, aided by improving economic conditions. Since in developing countries (most of which have large Muslim populations) like Pakistan, insurance is not being made available compulsory where it is needed the most, where human well-being is at the lowest and vulnerability is at its highest.

Moreover, in Pakistan insurance companies act as financial intermediaries and it has shown strong resilience to a challenging macroeconomic environment and global development. Since the insurance sector plays an important role in the service-based economy and its services are now being integrated into wider financial industry.

The major players in the insurance industry in Pakistan are as follows:

·         Allianz EFU Health Insurance

·         Asia Care Health & Life Insurance Co. Ltd

·         Adamjee Insurance Company Ltd

·         East West Life Assurance Company Ltd

·         EFU General Insurance Company

·         IGI Insurance Ltd

·         Askari General Insurance Company Ltd

·         Jubilee General Insurance Company Ltd

To know more on coverage, click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance/33370-93.html

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https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-and-health-insurance-in-colombia/2119-93.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Health Benefits to Heighten Latin America Flavored Milk Market : Ken Research

Ken Research announced its latest publication on, “Flavored Milk Consumption Volume and Growth Forecast to 2021-Latin America”, offering insights on Flavored Milk consumption in the Latin America Market. The publication includes an insightful analysis into the operating environment for the Flavored Milkmarket in Latin America. This report includes top level Flavored Milk consumption actual data for 2010-2014, provisional data for 2015; while forecasts are provided for 2016-2021. The countries covered in this report includes Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.

Economic Environment of Latin America

The country remains captured in recession since quite a few years. Latin America’s Economy contracted consecutively in the last 2 quarters of 2015 and witnessed the sharpest fall in six years in Q4 which lead to an indication of economic weakness at the beginning of the year 2016. The region’s aggregate GDP is estimated to have decreased 1.2% year-on-year in the first quarter, which continues to suggest overall weakness in the region. However, all economies in Latin America are not operating at the same stage. With some economies managing the region’s recession better than others, and are growing, while others are facing a severe economic deterioration.

The 3 major countries working to hinder the regional GDP aggregate are Brazil, Ecuador and Venezuela. Brazil, the region’s largest economy, is experiencing its deepest recession since the 1930s. The Ecuadorean economy is facing persistent fiscal weakness due to low oil prices. Venezuela, where electricity is being rationed, the work week has been shortened and the government even changed the time zone to reduce evening electricity usage, remains rooted in a profound political and economic crisis, which shows no signs of ending anytime soon.

The current economic conditions and global developments are being reflected in the country’s improved Q2. After having experienced heightened volatility in financial markets earlier this year, the region transitioned to a smoother period in the second quarter, which prompted a stabilization in exchange rates. Heading into the second half of the year, the region’s economic activity is expected to stabilize and is seen improving gradually in the coming quarters. Nevertheless, risks to the short-term outlook persist. Major currencies in Latin America are likely to experience a renewed episodes of volatility as capital inflows reverse their path—due to developments with U.S. interest rates—and commodities prices lose the ground they gained in recent weeks. These factors, in turn, have the potential to fuel inflationary pressures and, in a context in which fiscal stimulus remains constrained as several governments in the region are tightening their budgets, they could prevent central banks from using monetary policy to stimulate domestic demand.

Brief Overview of the Flavored Milk Market in Latin America

Flavored milk is a dairy drink produced with milk, sugar, colorings, and additional flavor and sweetener. It offers some vital nutrients such as calcium, potassium, protein, phosphorus, vitamins A, D and B12, niacin and riboflavin. The flavored milk is generally available in different flavors such as strawberry, chocolate and vanilla flavors in fat free and low fat ranges.

Drinking Milk products in Latin America are not only expanding in volume but also gaining in sophistication and health orientation. Brazil is considered the top flavored milk drink market in Latin America. In the next few years, the demand for flavored milk is anticipated to incline globally especially in

Major Players Flavored Milk Market in Latin America

The major players of Flavored Milk Market in Latin America are Danone Argentina,Mastellone, Nestle, GrupoLala, Gloria and many more.

Danone Argentina is the leading group of flavoured milk in Argentina with a value share of 24% in 2015. Danone is a company which constantly works on innovation to present the consumers with new range of products. Danone was followed by Mastellone, accounting for 22% of value share.

In Mexico, GrupoLala remained the clear leader in drinking milk products in 2015 with an overall value share of 37%. The company shows constant new product development focused on satisfying the particular needs of different targets, from children, to women and elderly people, among others. Its portfolio includes a number of health and wellness products and its products are distributed through a variety of channels.

Nestlé Ecuador SA remained the leading player in Ecuador in 2015 with a 23% value share. The company’s brands La Lechera, La Vaquita, Nesquik, Milo and Ricacao are renowned and highly positioned among consumers. This is due to the company’s great investment and efforts in constantly innovating its products and organizing marketing campaigns. In addition, the company was not affected by import barriers, as it produces most of its products locally.

 Flavored Milk Market in Latin America Prospects

• According to trade sources, In Argentina a large number of factors will contribute to the increased demand for flavoured milk products. Additional health benefits such as iron, zinc and vitamins in the coming years will cause a boost in the demand for these products. Certainly companies such as SanCor and Mastellone will lead this trend with new launches.
• The Brazilian drinking milk market is expected to grow at a CAGR of 4% in the forecast period. The Brazilian economy is going through a catastrophic period, with factors like growing inflation and falling GDP challenging the flavoured milk market. Despite of stagnated milk prices, rising logistics and packaging costs will tend to elevate per unit costs to customers.
• In Mexico, consumer’s entertaining ways of consuming calcium led to a growth of flavoured milk drinks. Drinking milk products is expected to increase over the forecast period, to reach Mx$69 billion in 2020. Since drinking milk is considered a staple to Mexican consumers, it is expected to increase along with the rate of population growth.

Key Topics Covered in the Report

• Latin America Non Alcoholic Beverages Market
• Detailed profile of Latin AmericaFlavored Milk Market
• Latin America Beverages Industry
• Value and volume analysis of Latin America’s Flavored Milk Market
• Latin America Milk Consumption
• Consumer demographics, trends and behaviours
• Brazil Flavored Milk consumption
• Historic and forecast consumption in the Latin America’sFlavored Milk market
• Mexico Flavored Milk Market Size
• Major players in the Latin America’s Flavored Milk market
• Latin America Flavored Milk Market
• Future Prospects of the Flavored Milk Market in Latin America
• Latin America Flavored Milk Market Size

To know more on coverage, click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/dairy-products/flavored-milk-consumption/32015-11.html

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Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Blackboard Inc, Savv-e, 2 and 2 Australia, Learning Plan, Learning Seat are the Major Players Operating in Australia E-Learning Market : Ken Research

Australia higher education market grew at a rate of 19.0% in 2013. This owed to incline in both domestic and international enrollments. FEE-HELP, which is a financial assistance programme for domestic students in Australia, had a substantial effect on tertiary enrollment.
Effective growth of the population under this age bracket is deemed to boost the enrollment of students in all the various sectors of education in the near future and in turn lead to the growth of the Australia education market.

The Australian government has played a significant role in improving the K-12 education sector in Australia. The government has ensured to deliver high quality school education to all the students in Australia which has attracted various students abroad as well..
Australia education industry has played a key role in overall economic development of the country in the form of revenues earned and also contributed in terms of research and development. Australia Tutoring has played a key role in the overall growth of Australia education sector.
The VET Education Market has underperformed than expected in last few years due to lesser enrollments. The government plans to support it through funding and has committed around USD 5 billion to expand the Vocational Education and Training market in Australia.
Digital technology in Australia grew at a very rapid pace during the period 2011-2014. Rapid growth in ICT spending is backed by healthy growth in the number of workers. Total number of workers was estimated to be 600,000 during the year 2014. It can be observed by looking at the distribution of workers across industries that workers are concentrated in the ICT related industry with about 50% of workers working in ICT related areas.
ICT inclusion in the curriculum has become a necessity due to the various advantages of ICT. Numerous schools have included ICT at various stages of education to enhance the overall teaching and learning experience which includes numerous components like digital assessment, smart learning etc
Australia attracts international students in huge number from all over the world but still students face various issues related to visa. Education has been the fourth largest export sector in Australia. Students, especially from Asian countries face various visa related problems. To further improve the international enrollments, the government should focus on granting visa with minimum bottlenecks.
Given the intense competition among the various test preparation centers it is very important to facilitate students with something unique. The coaching centers achieve this by providing differentiated services such as mock tests, review services, online learning material and other such services. To intensify the quality of education, institutes also facilitate students with free online access to the resources, availability of digital guides who conduct regular doubt sessions.
Report Covers the Following Topics

VET Education Market Australia
ICT Spending Australia
Australia Education statistics
International Students Enrolment Australia
Competition Education Australia
College Profile Australia
Education and Training in Australia Market Report
Australia International Education Industry
Australia Education Market share
Australia Education Market
Australia Education system
Australian education exports
Higher Education Market Australia
Australia Education Market analysis
Australia Education Market research
The market recorded a steady growth in revenue in primary education, while the enrollment of students witnessed a modest growth during the period 2010-2015. Growth of online education and open learning courses is also expected to drive the future market of higher education in the country.
The E-Learning market in Australia has expanded significantly over the years. Australia was one of those countries which adopted the E-Learning phenomena at an early stage. The definition of E-Learning has changed over the years as it does not just include sharing of study materials through internet; the main aim is to make the learning experience more interactive and informed through audio and video presentations.
For more information on the market research report please refer to the link below:
https://www.kenresearch.com/education-and-recruitment/education/australia-education-market-report/47389-99.html
Contact
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

Digital Print to be an Indispensible Tool in the Make-Up Packaging Industry: Ken Research

Ken Research announced its latest publication on, “Adding Value through Packaging: Make-Up; Using Pack-Track to identify pack formats and features that make a brand worth paying more for” which provides a detailed analysis of the Global Make-Up packaging industry. Category-wise coverage of different segments in the industry is also included in the report. Themes responsible for driving packaging innovations are also covered in the report. In addition, detailed distribution and packaging data along with consumer trends in the report enables the reader to interpret future outlook on how the market will shape up by the end of this decade.

The cosmetic market is anticipated to show a good growth rate of near 6.3 percent in the coming years globally. Asia Pacific region leads in the market share of the industry in value terms, as people are highly sentient about their looks. The make-up packaging industry has seen remarkable innovations in terms of improved ease, added service and motility. An annual growth rate of 4.3 percent is forecasted to be seen in the global cosmetic packaging industry in the coming years. Digital printing provides new and innovative ways to add value to the products for brand owners and packaging manufacturers. The expected boom in digital printing is seen by rising investments of packaging manufacturers in digital print technologies.
Quick response codes, advance barcode technology and near-field communication labels are some interactive and identification methods used in packaging to keep the consumers engaged with the brand. Emerging pressure to look good at all times mean that consumers need portable formats that facilitate on-the-go make-up application. The packaging manufacturers by the time have come up with the handy packages of make-up products. The make-up packaging industry has a long way to go when it comes to the sustainability issues concerned about the climate change. Brands are focusing on environment friendly packaging. Consumers are relying on the brands to benefit the climate. The major problem faced by packaging manufacturers in this context is of the price of the product.
Key Topics Covered in the Report:

• Detailed analysis of Global Make-up packaging industry
• Value and volume analysis for Global Make-up packaging market
• Historic and Forecast value analysis by category
• Retail landscape and key distribution channels
• Key issues and trends in the packaging industry
• Consumer trend framework
• Analysis of mega-trends
• Profiling of new products launched in the Global Make-up market
• Global Make-up Packaging Market Outlook
• Cosmetics Market Research Report
• Global packaging Industry Research
• Global Make-up Products Exports
• Global Skin care products Industry
• Global Beauty care products Market Size
• Global Hair care Market Size

To know more on coverage, click on the link below:
https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/packaging-haircare-using-pack-track/8408-95.html
Related Report:
https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/packaging-haircare-using-pack-track/8408-95.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

Brazil Continues to Dominate the Latin American Energy Drink Market: Ken Research

Ken Research announced its latest publication on, “Energy Drinks Consumption Volume and Growth Forecast to 2021-Latin America”, offer insights on the changing trends and key issues within the Latin American Energy Drink market. The publication includes an insightful analysis of volume (M liters) and growth (Y-o-Y) trends, consumer behavior, packaging trends, leading players and distribution trends withinLatin American Energy Drink market. The analysis of the aforementioned trends has been done across seventeen individual countries in Latin America: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.

Economic Environment of Latin America

Latin America comprises of a total of twenty countries including ten republics of South America, six republics of Central America, Mexico, Cuba, the Dominican Republic, and Haiti. History of Latin America’s economy can be based at the three decades after World War II, when it experienced a blooming increasing in GDP, growing at around 5%. However, the weakness of its economic structure was revealed in the crisis of the 1980s. This led to various reforms in economic structure in order to come with a more stable economy which will thrive and make it significant in international arena.

This proved useful as Latin America went through a steady growth coming into the 21^st century with average annual growth of 4.2% from 2004 to 2013. However the bright sunlight seems to be fading quickly, as Latin America is getting trapped in the darkness of recession. Latin American Economy has went through a near free fall kind of experience, with contraction in Q3’15 and Q4’15 being quoted as the sharpest fall in last six years. The overall GDP of the region is estimated to have decreased 1.2% y-o-y in Q1’16 suggesting overall weakness in economy. One of the many reasons for this downfall was the dramatic drop in commodities price, which resulted in sharp decline in export revenues of commodity-driven Latin American economy.

The three pillars that form the majority of region’s GDP i.e. Brazil, Ecuador and Venezuela have been shaken. Brazil, the region’s largest economy, is experiencing its deepest recession since the 1930s. Ecuador is also suffering an economic breakdown due to earthquake in April’16. And lastly Venezuela seems to be engrained in profound political and economic crisis and there is no indication for this crisis to be over anytime in the near future. Meanwhile, in Mexico, economic activity is on the up but at a very slow rate. Colombia’s economy, though not at the heights where it used to be once, is relatively stable. Peru as a result of its business-friendly economic policy framework is on a growth cycle moving up at the top of its potential. But the impact of economic downfall of the major countries is so severe that recession is expected to deepen this year. As per recent analysis, the region’s economy will contract 0.4% this year, which, if true will lead to the first incident when Latin America has registered two consecutive years of negative growth after 1982 and 1983.

Brief Overview of the Energy Drinks Market in Latin America

Energy drinks come under the category of non-alcoholic beverages intended to energize the consumers mentally & physically.Energy Drinks is the most dynamic segment of the Soft Drinks market in Latin America with Brazil leading the energy drinks market in the region capturing around one-half of the global volume, followed by Argentina and Mexico. Chile and Colombia has also shown significant volume growth in recent years. Increasing urbanisation and the expanding middle (more than 50% of Latin American Population) class has been the main influencing factors of the Latin American Energy Drinks market. Recently, the market has gained extreme popularity, especially among young consumers and the producers have also responded in line with the increased demand through launch of new products with natural ingredients.

 Looking at the current landscape of the Energy Drinks market in Latin America, the market is dominated by the regular energy drinks segment with approximately 96% market share, rest captured by the sugar-free segment. Low price along with easy availability of regular energy drinks helps drive growth of this segment. Red Bull is the leading brand in the Latin American energy drinks market, followed by Coca Cola. Regional brands also have strong presence in the market such as Speed in Argentina and Volt and Vive100 in Colombia. Key distribution channels through which the Latin American energy drinks are retailed include Off-premise channels (Hypermarkets & supermarkets, convenience stores etc.) and On-premise channels (restaurants, bars, pub etc.). The Off-premise channels including the modern retail channelsdominate the distribution channel, reason being the presence of a strong retail network in the region.

Major Players in Latin American Energy Drinks Market

Latin American Energy Drinks Market is becoming highly competitive with increasing entrance of new leading international and domestic brands in the market. The leading market players in the market include: Petropolis, Red Bull, Guaraviton and Coco-Cola.Other prominent vendors in the market include AJEGROUP, Corporación Lindley, Empresas Polar, Montevideo Refrescos, Quala, Postobon, Organique, Rad 60, Flash Power, and Flying Horse.

The fierce market competition has encouraged market players to focus on their pricing strategy, innovative packaging, product offerings, and distribution strategies.

Latin American Energy Drinks Market Prospects

Over the review period (2010-2015), the Latin American Energy Drinks market has shown robust performance in most of the countries. The positive growth trend is expected to be followed over the years 2016-2021 as well, on account of key driving factors: rising disposable income & expanding middle class, modernising retail channels, sudden popularity, busy lifestyles of consumers etc. The launch of new types of energy drinks and increasing investment in the market by producers, higher profit margins, is expected to fuel the Latin American Energy Drink market in coming years.The market competition, as a result,is expected to intensify even more in future. Modern distribution channels such as hypermarkets & supermarkets and convenience stores will continue to expand their operations.

Especially, Brazil is expected to continue to rule the Latin American Energy Drink market through rocketing growth in sales volume over coming years. The launch of new energy drinks in PET bottles and the expanding richer middle class are the key driving factors in Brazil. Intensive advertisements and innovative packaging by companies such as Red Bull are targeted to attract the young consumers. Also, the 2016 Olympics to be held in Brazil is expected to boost the sales growth.

Key Topics Covered in the Report

• Detailed profile of Energy Drink Market in Latin America.
• Overall volume & growth analysis of Energy Drink Market in Latin America
• Country wise volume & growth analysis of Energy Drink Market in Latin America
• Consumer demographics, trends and behaviours
• Key consumer trends which will influence Energy Drink consumption
• Historic and forecast consumption values in the Latin AmericanEnergy Drink Market
• Competitive landscape of the Latin AmericanEnergy Drink Market
• Distribution channels & Packaging landscape of the Latin American Energy Drink Market

To know more on coverage, click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/energy-drinks-consumption/32025-11.html

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https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/energy-drinks-consumption/32050-11.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204