Thursday, December 28, 2017

India Herbal Extract Market Research Report to 2022: Ken Research

India Herbal Extracts Market Overview and Size
India herbal extracts market has recorded phenomenal growth over the years, owing to the rising awareness among the people about the health benefits of consuming herbal products. The traditional beliefs to depend on plant products for various purposes have also been the major factor which has surged the revenues for the market. Herbal extract market in India increased to INR ~ crore in FY’2017 from INR ~ crore in FY’2012, at a robust CAGR of ~% during the same period.
The review period witnessed an upsurge in use of herbal medicines that has led to a sudden increase in herbal manufacturing units. The preference of people for ayurveda and natural herbs as an alternative to conventional medicines prescribed by the doctors, has boosted the revenues of Indian herbal extracts manufacturers offering products to pharmaceutical companies in India and abroad.
The market has majorly been driven by the exports of high quality herbal extracts which are demanded by the US, Canada, Ukraine, South Korea, Czech Republic, Israel, France, Taiwan, Nepal, and other nations. The inclination of foreign customers towards Indian products due to health benefits of various herbs has led to a boost in the overall sales.
Segmentation of India Herbal Extracts Market by End Users (Pharmaceuticals And Nutraceuticals, Cosmetics, And Food & Beverages Industries)
The use of herbal extracts in the pharmaceutical and nutraceutical industry in India and abroad contributed a dominant share of ~% in the overall sales of the players operating in the space during FY’2017. The growing demand of ayurveda medicines due to limited or no side effects has boosted the use of herbal extracts by the players operating in pharmaceutical industry in India. Dietary supplements which are used to provide health benefits also involve a major component of herbal extract to be consumed by the people.
Indian consumers are more inclined towards natural and herbal cosmetic products, especially those used for hair and skin care. The rising demand for natural cosmetics has resulted in augmented use of herbal extracts in preparing beauty products. The sale of herbal extracts to Indian and foreign cosmetics companies contributed ~% to the overall revenues of the market during FY’2017. Face creams or lotions, hair oils, shampoos, soaps, face washes, lipsticks and lip glosses were the key products where herbal extracts were used.
Segmentation of India Herbal Extracts Market by Exports and Domestic Sales
Market players generated the maximum revenues from selling herbal extracts to customers outside India. Export sales dominated the market and contributed ~% to the overall sales of herbal extracts by all the players operating in the space. The dominant share of export sales in the overall revenues is due to the continuous rise in demand for natural Indian products by the ultimate consumers abroad. Foreign customers have adopted herbal products as an alternative to various foods and medicines used on daily basis. The major herbal extracts which boosted the exports of Indian manufacturers were Curcumin, paprika, black pepper, carotenoids, and other extracts used in weight management products.
India Pharmaceuticals and Nutraceuticals Herbal Extracts Market
Segmentation by Major Herbal Extracts: The sales of carotenoids by Indian manufacturers to pharmaceutical and nutraceutical companies dominated the market, by contributing ~ to the overall revenues during FY’2017. The total sales of aloe vera and ginger extract to pharmaceutical and nutraceutical sector contributed ~ and ~ respectively to the overall sales during FY'2017. The sales of extract derived from capsicum plant added ~ to the overall sales of pharmaceutical herbal extracts during FY’2017. Curcumin and Shilajit accounted for ~ and ~ in the sales of overall herbal extracts by manufacturers to players in pharmaceutical and nutraceutical industry during FY’2017. The sales of marigold and shatavari extract to pharmaceutical and nutraceutical companies contributed the least share of ~ and ~ to the overall sales during FY’2017.
Segmentation by Application: Drugs for general wellness accounted for the maximum consumption during FY’2017, wherein herbal extract manufacturers generated ~ of the total revenue from sales of extracts used in such medicines and supplements. Herbal extracts for improving the conditions of digestive system and liver accounted for ~ of the overall sales during FY’2017. The overall consumption of herbal extracts for curing cardio vascular diseases resulted in ~ of the overall sales to pharmaceutical companies during FY’2017. The sales of herbal extracts for treating respiratory problems, and hypnotics and sedatives added ~ and ~ to the overall revenues generated by the market players during FY’2017.
India Cosmetics Herbal Extracts Market
Segmentation by Major Herbs: Curcumin is the main active ingredient in turmeric and is preferred by companies in the cosmetics industry. The sales of turmeric in India cosmetics herbal extracts market contributed a dominant share of ~ during FY’2017. The total sales of aloe vera extract to the cosmetics industry in FY’2017 contributed a share of ~ to the market revenues. The extracts from amla and brahmi are widely used in manufacturing hair care products. The overall sales of brahmi and amla extracts to the companies in cosmetics industries constituted a share of ~ in the overall market revenues during FY’2017. The rising demand for bathing bars, facial bars and face washes with herbal ingredients made kesar and chandan extract account for ~ in the overall market revenues during FY’2017. Coffee extract accounted for the least share in the overall market revenues.
Segmentation by Application: The sales of herbal extracts which were used in creams contributed a dominant share of ~ to the overall market revenues during FY’2017, followed by lotions and moisturizers, accounting for ~ revenues during the same year. Herbal extracts used in shampoos and soaps constituted ~ and ~ respectively of the market revenues during FY’2017. Flower extracts used in talcum powders had a share of ~% in the revenues generated from sales of extracts to cosmetics industry during FY’2017.
India Food and Beverages Herbal Extracts Market
Segmentation by Major Herbs: The revenues generated from sales of extract derived from amla dominated the Food and Beverages herbal extracts market, contributing ~% of the overall revenues during FY’2017. The sales of aloe vera extracts constituted ~% of the overall revenues generated by the market players from selling herbal extracts to companies operating in food and beverages industry in the country during FY’2017. The growing sales of bitter gourd juices have added to the sales of the extracts from the herb, contributing ~% to the overall market revenues during FY’2017. The total sales of extract produced from jamun and ginger constituted ~% and ~% respectively of the overall sales by the market players to F&B sector in the country during FY’2017. The sales of turmeric extract added ~ to the overall sales during FY’2017. The sales of boswellia accounted for ~% of the overall revenues generated by the herbal extracts manufacturers from their sales to food and beverages customers during FY’2017.
Segmentation by Application: Majority of the herbal extracts in the food and beverages industry were used for preparing food products. Rising awareness about diet food and the inclination of people towards the consumption of natural food products, made this segment acquire a dominant position in the market. The overall sales of extracts to prepare food products constituted ~ of the market revenues during FY’2017. The sales of extracts which were used in beverages and other drinks accounted for ~% of the share in the overall market revenues during FY’2017.

India Food and Beverages Herbal Extracts Market Segmentation by Major Herbs on the Basis of Revenues in Percentage (%), FY’2017
 Capture
 Snapshot on India Oleoresins Market
Oleoresins are pure extracts of spices or herbs. Kancor Ingredients was the first market player in India, which was started in 1969 as Bombay Oil Industries, when it began manufacturing oleoresin of black pepper, followed by Synthite Industries Limited and Plant Lipids. Other leading market players include Arjuna Natural Extracts Ltd., and Sami Labs Limited. As per several industry reports, India held over 50-60% in the global oleoresins production in FY’2017.
India Oleoresins Market Size, FY’2012 – FY’2017: India oleoresins market increased from INR ~ crore during FY’2012 to INR ~ crore during FY’2017, at a CAGR of ~% during the same period. The market for oleoresins has been increasing due to rising demand for packaged spices and the use of spice mixes in food applications. The allowance of ~% foreign direct investment (FDI) in five plantation crops, which include cardamom via the automatic route has attracted foreign fund in cardamom plantation, thus having a positive effect on the extraction volumes of oleoresins.
Major Herbs Used in Oleoresins Extraction: The most used herbs for oleoresins extraction are turmeric, black pepper, paprika, capsicum, ginger, garlic, and onion. In terms of volume, oleoresins from paprika had the largest contribution in the market, whereas, in terms of value, oleoresin from turmeric led the overall revenues during FY’2017.
India Oleoresins Market Future Outlook and Projections: The market for oleoresins in India is expected to incline from INR ~ crore during FY’2017 to INR ~ crore during FY’2022, at a CAGR of ~% during the same period. The continuous use of spice extracts across food and beverages industry are anticipated to raise the sales of oleoresins in the market. Asia Pacific is projected to drive the growth of the market owing to the development of food processing industry in the developing nations including India, China and Indonesia. R&D initiatives to introduce new varieties and better quality of oleoresins for aromatherapy applications are anticipated to augment the market growth during the outlook period.
What is the Expected Future Outlook for India Herbal Extracts market?
The revenues generated by herbal extracts market in India are projected to increase to INR ~ crore during FY’2022 from INR ~ crore during FY’2018, at a robust CAGR of ~ during this period.
One of the major reasons which are anticipated to fuel the market revenues during the outlook period is the rising awareness about the health benefits of consuming products with significant proportion of herbal extracts in their ingredients. It is also projected that there will be an increase in domestic sales due to changing customer preferences. Setting up of new manufacturing units and maintaining a proper network of supply chain to cater the domestic demand, is expected to upsurge the revenues and sales of various players operating in the space.
Over a longer outlook period, it is estimated that the market will witness new players tapping the space with varied products to meet the demands of ultimate consumers of herbal products. The market is expected to be driven by the rising number of organized players, which can ensure uniformity in quality of differed herbal extracts.
Companies Cited in the Report
List of Companies                                              Companies Covered in the Report
Arjuna Natural Extracts Ltd.
Synthite Industries Limited
Sami Labs Limited
Vidya Herbs Private Limited
OmniActive Health Technologies Ltd.
Indfrag Limited                                                 Major Players
K.Patel Phyto Extractions Pvt. Ltd.
Sydler India
Alpspure Lifesciences Private Limited
Cymbio Pharma Pvt. Ltd.
Sai Phytoceuticals Pvt. Ltd.
Sanat Products Ltd.
Key Topics Covered in the Report:
Oleoresins of Spices Market India
Oleoresins Manufacturers in India
India Oleoresins Market
India Essential Oil Market
Oleoresins Demand in India
Export Herbal Extract from India
Market Share Omni Active Health India
For more information on the research report, refer to below link:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
Posted by at 7 comments:
Labels: , , , , ,

India Herbal Extracts Market is Expected to Reach over INR 16,000 Crore by FY’2022: Ken Research

India Herbal Extracts Market By End Users (Pharmaceuticals and Nutraceuticals, Cosmetics, and Food & Beverages Industries); By Export Sales and Domestic Sales, By Major Herbal Extracts (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari, Oleoresins and Essential Oil), Market share and Company Profile of Major Players (Synthite Industries Limited, Plant Lipids Private Limited, Sami Labs Limited, Kancor Ingredients, OmniActive Health Technologies Ltd., Arjuna Natural Extracts Ltd., Indfrag Limited, Vidya Herbs Private Limited, K.Patel Phyto Extractions Pvt. Ltd., Sydler India, Alpspure Lifesciences Private Limited, Cymbio Pharma Pvt. Ltd., Sai Phytoceuticals Pvt. Ltd., Sanat Products Ltd.)
The herbal extracts market in the country has witnessed an increased demand for innovative products by the Pharmaceuticals and Nutraceuticals, Cosmetics, and Food & Beverages Industries, thus driving the revenues of the market in a positive manner.
India herbal extracts market has shown an impressive growth rate in FY’2017 owing to growing preference of the people to use herbal products over other conventional and chemical-based products.
The herbal extract market in India continues to expand due to the introduction of varied herbal products by the companies catering to the requirements of the ultimate consumers.
One of the major reasons which are anticipated to fuel the market revenues during the outlook period is the rising awareness about the health benefits of consuming products with significant proportion of herbal extracts in their ingredients. The sales of herbal extracts manufacturers are expected to be driven in a positive manner with the introduction of new varieties offered by the players to the companies across pharmaceutical & nutraceutical, food & beverages, and cosmetics industry in and outside the territory of the country. This is expected to be a result of increased investments in R&D activities so as to launch new and distinguished products for the customers.            Over a longer outlook period, it is estimated that the market will witness new players penetrating the space with varied products to meet the demand of ultimate consumers of herbal products. The market is expected to be driven by the rising number of players with domestic and export sales, which can ensure uniformity in quality of differed herbal extracts. It is also projected that there will be an increase in domestic sales due to changing customer preferences.
Setting up of new manufacturing units and maintaining a proper network of supply chain to cater the domestic demand, is expected to upsurge the revenues of various players operating in the space. Improving lifestyles and higher living standards are expected to be the major reasons behind the continuous growth of market revenues over long term. Unlike the recent times, when the market is mostly composed of foreign customers, the industries within the country are also expected to emerge as major clients for herbal extracts manufacturers, thus positively affecting the overall revenues during the long term.
Ken Research in its latest study, India Herbal Extract Market by End Users (Pharmaceuticals & Nutraceutical, Cosmetics and Food & Beverage Industries), by Extract type (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari and Others), Oleoresins and Essential Oil – Outlook to 2022, suggested that the revenues of herbal extracts will be dominated by the increasing sales to pharmaceutical & nutraceutical companies in and outside the country. However, the major players will witness rising competition due to growing innovations in developing herbal extracts through investments in R&D activities.
India Herbal Extracts Market is projected to register a positive CAGR during the period FY’2017-FY’2022. Increasing acceptance of plant extract based products by domestic and foreign customers, introduction of new herbal products by cosmetics brands, and innovations and new product launches in India herbal extracts market are expected to drive the overall market in the future.
The report provides information on market size of India herbal extracts market, market segmentation on the basis of End Users, type of herbal extracts and export and domestic sales.
Key Topics Covered in the Report:
Oleoresins of Spices Market India
Oleoresins Manufacturers in India
India Oleoresins Market
India Essential Oil Market
Spice Oleoresins Market India
Oleoresins Demand in India
Market Share Sami Labs India
India Carotenoids Market Size
Export Herbal Extract from India
Market Share OmniActive Health India
For more information on the research report, refer to below link:
To know more, click on the link below:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
Posted by at No comments:
Labels: , , , , ,

Wednesday, December 27, 2017

Iraq Oilfield Services Market is Driven by Rise in Output of Crude Oil, Maintenance of Aging Infrastructure and Drilling of New Wells: Ken Research

Stabilizing political Conditions and Large Dependence of Iraqi Economy on Oil Revenue will drive the market in Future.

Demand for oilfield service has registered constant increase in value due to rise in output of crude oil over the period of time before declining marginally in 2017. Fall in oil price was compensated by increasing production in order to maintain the level of revenue. Revenue recognition was mainly done by major oilfield services companies which include Schlumberger, Halliburton, and Baker Hughes. Many Chinese companies have also made market entry in Iraq. The takeover of Mosul by Islamic State militants in June 2014 had fueled defense spending in 2013 and 2014, pinching the national budget so much that investments towards oil production are often insufficient to operate at max capacity leading to poor demand for oilfield services. The revenue generation was also impacted by maintenance of wells which have already aged and need significant investment in developing the infrastructure.

Southern Iraq maintained its dominant position in both Iraq oilfield Services and drilling services market. War in Northern Iraq was the main reason for decline in demand. Demand for operation related to oilfield services contributed the majority of the revenue followed by engineering, fabrication, and installations. Decommissioning and new explorations and seismic services contributed smaller share in 2017.

The report titled “Iraq Oilfield and Drilling Services Market by Region (North and South Iraq), by Oilfield Service Type (Operations, Engineering and Fabrication, Reservoir/ Seismic Services and Exploration, Decommissioning) - Outlook to 2022” by Ken Research suggested that market for Iraq Oilfield Services market will be driven by political stability and increase in production capacity.  Global oilfield services companies including Schlumberger, Halliburton, Weatherford will maintain their dominant position and it is expected that Chinese players may gain larger market share in near future. Investment in offshore projects is expected in the long run which may further create additional demand for offshore based oilfield services market.

To know more, Click on the link below
https://www.kenresearch.com/energy-and-utilities/oil/iraq-oilfield-drilling-services-market-2022/142306-103.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-1244230204
Posted by at No comments:
Labels: , , , ,

India Herbal Extract Market is driven by Increasing Consumption of Natural and Plant-Based Products by the Domestic and Foreign Population: Ken Research

Increasing acceptance of plant extract based products by domestic and foreign customers, introduction of new herbal products by cosmetics brands, and innovations and new product launches in India herbal extracts market are expected to drive the overall market in the future.
There are more than 45,000 plant species that are present in the Indian sub-continent. The dependence of people on plants for various health benefits has significantly evolved the herbal extracts market of the country over the past. Being the largest supplier of ayurvedic medicines and herbs in the world, the herbal extract manufacturers in the country cater to the requirements of the companies, which majorly operate in pharmaceuticals, cosmetics, and food and beverages industries across the world.
Companies in the pharmaceutical, F&B and cosmetics industry realized the importance of using natural herbs as ingredients in various products. This was not only done to drive the growing demand, but it also benefitted the companies in procuring raw materials from extensive species of plants in India. This led to an incline in the revenues of herbal extracts manufacturers which offered products in the required proportions. There was a trend between FY’2012 and FY’2017, when cosmetics companies focused on introducing beauty products to tap the male population of the country. Cosmetics brands procured increased volumes of herbal extracts from market players to cater the new customer base with new product varieties.
During 2016-17, Hindustan Unilever Ltd. introduced natural versions of shampoo brands Tres Semme and Clinic Plus. It also launched fairness face cream Fair & Lovely with natural and herbal extracts. The expansion of HUL’s natural products brand, Lever Ayush, during the review period also added to the overall sales of herbal extracts manufacturers due to the rising consumption of such products by the population of the country.
Ken Research announced its latest publication on “India Herbal Extract Market by End Users (Pharmaceuticals & Nutraceutical, Cosmetics and Food & Beverage Industries), by Extract type (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari and Others), Oleoresins and Essential Oil – Outlook to 2022” suggested a rapid growth in India Herbal Extracts Market, majorly driven by the growing preference of people for natural and herbal products over the already existing chemical-based products. Continuous introduction of new plant-based products by the pharmaceutical & nutraceutical, cosmetics, and food and beverages companies are attracting large number of potential players to enter the space.
Various technological processes including Supercritical Fluid Extraction, Thin Film Distillation, Spinning Cone Column, SuperCritical CO2 and other Conventional extraction processing techniques were used to meet the current demand. Market players also launched new products to assist the production and sales of companies in pharmaceutical, cosmetics and food and beverages sectors. The latest and most featured product of Arjuna Natural Extracts is Curcumin BCM-95. Other players operating in the market also added to the overall sales with the launch of new types of herbal extracts. For instance, Mrida Greens and Organics, the Gujarat-based company processes and sells aloe vera dry extracts introduced five new dry herbal extracts including Noni, Vijaysar, Shtavari, Amla and Shankhapushpi in March 2017. New herbal extracts will boost the overall revenues of the market due to the introduction of varied products manufactured using such natural extracts.
Key Topics Covered in the Report:
Export Herbal Extract from India
Paprika Oleoresins Volume India
Oleoresins of Spices Market India
Spice Oleoresins Market India
Production Process Herbal Extract India
Essential Oil and Oleoresins Market India
Technology Herbal Extracts India
India Essential Oil Market
India Carotenoids Market Size
Oleoresins Manufacturers in India
Market Share OmniActive Health India
Oleoresins Demand in India
India Resionds Market
To know more, click on the link below:
Related Reports by Ken Research
Contact:         
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
Posted by at 5 comments:
Labels: , , , , ,

How Exercise Notebook Market is positioned in UAE?

The UAE has been popularly known for the presence of highest number of international schools in the world. The market for exercise notebook in UAE has been an evolving industry with a gradually rising presence of local and regional manufacturers and distributors. Until early 2000s, there was no major player in the market and the industry thrived on imported products from major notebook manufacturing countries.

Though, a sizable portion of the market demand is still met by imports, heavy efforts are made to raise the rate of domestic manufacturing. UAE is a highly potential market for premium notebooks and diaries with increased rate of influencing factors. The market for exercise notebook is highly influenced by factors such as rising number of schools, student enrolments, child population, number of business establishments and similar other factors. The demand for notebooks in the country both local and export demand are largely catered through the imports.

Since, the country has a lack of domestic manufacturing and availability of raw materials coupled with affordable and low cost finished products from the major exporting countries such as Indonesia, China, USA, India and others have supported the rate of imports. However the country, in the recent years has started putting efforts in raising the domestic production rate of exercise notebooks. Such a decision was influenced by the increasing local demand for notebooks. The market has two major manufacturers namely Farook and PSI who are engaged in both trading and manufacturing. The country has a high preference of center stapled binding over other binding methods. Moreover, there have been cover types like soft cover and hard cover. These specifications have opened up many options before the customers making their purchase more specific. Customer preferences started being more specific to size of paper, designs, number of pages and similar features. Online channel has a tremendous future in the coming years as people in UAE are getting highly attracted towards digitization.

Which Product Dominates the Exercise Notebook Market? Imported Products or Domestically Manufactured
The UAE exercise notebook market has two types of products offered; imported products and domestically manufactured products. Imported products refer to the notebooks and diaries that are manufactured in other countries from where the importers procure the same for domestic sales and re-exports. In UAE the market demand, both local and export is largely met through imported products. As of 2016, the consumer spending on imported notebooks held a share of ~% and dominated the market with just ~% share.

The importers import different types of notebooks and diaries from countries such as China, Indonesia, USA, India and other major notebook manufacturing countries. In UAE the manufacturers also import and export finished products in the notebook market. Other trading companies include Middle East Stationery & Trading Company LLC, Dubai Library Distributors and others.

Importers either distribute the products directly to the customers in bulk or they sell it to the distributors at an importers’ price where they earn a margin of ~%. They sell the products generally in bulk. Selling in small quantities is not carried out by them.

UAE exercise notebook market lacks in terms of the presence of domestic manufacturers. However, in terms of total consumer spending on the domestically manufactured products garnered a share of ~% as of the year 2016. The notebook market of the country possesses only two well-established domestic manufacturers.

PSI and Farook are the two major domestic manufacturers in the country. Though they are small in number their production capacity is equivalent to the amount of products imported. However, in the recent years increased efforts are being put in the market for raising the local manufacturing of notebooks and similar products.

Local stationery stores like Brand Tag have also started their manufacturing within the country in small units. Over the years the production capacity of domestic manufacturers in the country has also seen a visible increase. The manufacturing factories for notebooks are located in Ajman and Sharjah. Domestic manufacturers either sell their products directly to the customers who demand for goods in bulk or they sell it to the area-wise distributors spread across the country. As the local demand for exercise notebooks and diaries are increasing, the focus on the domestic manufacturing is also rising.

Which Product Category Dominated the UAE Exercise Notebook Market?
UAE exercise notebook market includes seven major product categories namely notebooks and long books, diaries, practical book, graph book, drawing books, pocket/reminder book and others. Notebooks and long books have dominated the exercise notebook market of UAE by usage with a share of ~% in the market as of 2016 among all the variants. These books are highly demanded among the school and college going students. The spending on notebooks and long books among the people has grown at an average annual rate of ~% during 2011-2016. It increased from USD ~ million in 2011 to USD ~ million in 2016.

Notebooks have an inherent advantage of slightly low pricing and compactness which appreciates its sale over long books that are slightly difficult to carry in hand, especially for young kids. Long books are used majorly by the Grade 11 and 12 students. A5 and A4 size notebooks are highly preferred by the school management in the country especially for the optimization of baggage space.

Diaries followed notebooks and long books with a share of ~% in the overall market consumer spending. Diaries are highly demanded among the business customers. In corporate houses, the employees are gifted diaries in the beginning of every year. This attracts a high demand for diaries in the new years.

One of the major manufacturers of diaries in the country is Tellurian. An average price of a diary in UAE is AED ~. Diaries are different designs and sizes. Diaries are generally hard bound.

Practical books refers to the notebooks that are used for doing subject related project works in schools and colleges. Practical Notebooks have relatively long size (mostly A4) and are mainly used for recording scientific experiments and conduct lab assignments. Most of the practical notebooks are designed to have 1 ruled and 1 plain side.

Drawing books made out of leaves of drawing-paper, usually blank, but, sometimes partially printed with elementary designs to be copied in the blank spaces. Drawing books have comparatively longer breadth size and carry an average of 20-50 pages. In 2016 it accounted for a share of ~% in terms of overall consumer spending. Graph book sales are heavily constrained by their usability in stipulated subjects and therefore have limited scope of expansion in the overall exercise notebook market. Scrap books are notebooks with empty pages primarily used for sticking newspaper articles, pictures or any other craft materials to be stored as memorabilia. Scrapbooks come in multi-colored pages and appealing cover designs and prices may vary widely depending upon illustrative and creative designing and paper quality.

Which Purchase Channel Dominates the Market?
Stationery shops refers to the shops that stocks commercially manufactured writing materials including paper, notebooks, diaries, pens, pencils and similar other writing implements. The factor that influences the preference of a purchasing channel includes accessibility, availability, variety, price and similar factors. In UAE stationery stores are available in plenty and are easily accessible. Even a less populated emirate has a substantial number of stationery shops. As of 2016, the purchase channel that has dominated the UAE notebook market was stationery store with a share of ~% in terms of consumer spending. Stationery stores offer the customers the best possible price. College and school stationery has also a comparatively major share in the notebook market of the country. As of 2016, it accounted for a share of ~% in terms of overall consumer spending.

The choice of online purchase channel for buying exercise notebooks and diaries have not yet gained the desired market traction. However, it was able to garner a share of ~% in the overall consumer spending in the year 2016. Online channels are of two types such as the stationery shops that have an online selling portal and e-commerce shopping portals that sell exercise notebooks along with their other product line.

What are the Major Trends and Issues in UAE Exercise Notebook Market?
The UAE has been witnessing a rise in the number of school enrolments from the past few years. The quality of education in the UAE remains high, despite the negative impact of including gross tertiary education enrolment in the Global Competitiveness Index.

The number of schools in the UAE with many of the parents demanding high academic standards is similar to the levels seen in the US. While the UAE and Qatar have both remained at the forefront in attracting private investors to the education sector, the UAE has the highest number of international schools in the world; 518 in number as of the year 2016.

Smart education has also been implemented through the digital education initiative, the Mohammad Bin Rashid Initiative for Smart Learning from 2014. The project is set to introduce smart classes across all schools and facilitate a modern learning environment by providing tablets and high-speed 4G networks by 2017.

High cost of machinery purchase and production set up has been a serious challenge for the market. It has been the reason why companies outsource their manufacturing process to third parties. Heavy machineries like automatic reel to sheet ruling machine and paper cutting machine cost very high.

The business for exercise notebook is highly seasonal with majority of the demand emerging in peak season vis-à-vis average monthly sales. It has been witnessed that the school season which ranges about 3 months across the country contributes around ~% to the total sales volume of exercise notebook manufacturers.

How the Competition is prevailing in UAE Exercise Notebook Market
Competition in the UAE exercise notebook market is highly concentrated on few major players. The market demand is largely met through import of the products from other countries including China, The UK, The US and others. The country does not have a strong manufacturing base. There are only two major manufacturing companies in the country namely, Farook International and PSI. The players in the market include manufacturers and trading companies. Trading companies execute the import and export of exercise notebook products in the market.

The market is dominated by two major players namely PSI and Farook. The market share is derived out of the share of domestic manufacturers’ revenue share in the market. Other layers include the small manufacturers within the country whose production capacity, distribution network and geographical expansion is limited in comparison to the major players. These players compete against each other on the basis of parameters such as type of paper, size, material used, binding, design, distribution network, number of stationery stores, geographical penetration and similar other factors.

What is the Future Outlook for UAE Exercise Notebook Market
Exercise notebook market of UAE is anticipated to showcase a decent growth at a CAGR of ~% during the forecast period 2016-2021. Growth during this period shall be supported by the rising population of the country, rising school enrolments, focus on domestic manufacturing, probable increase in the rate of imports and similar other factors. Moreover, the number of international schools is also rising in the country. As of August 2017, UAE has the highest number of students studying in international schools in the world. In addition, an event named Paper world Middle East is scheduled to be held in Dubai from 27 February – 1 March, 2018. It showcase of all kinds of paper products and stationery items from all across the world. Such an event is expected to make the people aware about the different varieties of the product and encourage people to buy the best suitable ones for their uses. All these factors with more similar factors shall augment the market growth. The overall consumer spending in the exercise notebook market of the UAE is expected to reach USD ~ million by 2021.

Source:https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/uae-exercise-notebook-market/142302-95.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Posted by at 3 comments:
Labels: , , , , ,
Subscribe to: Posts (Atom)