Friday, May 4, 2018

Concrete Anchors Industry In Europe To Proliferate –Ken Research


Concrete Anchors basically refer to the heavy-duty anchors that are used for fixing objects to sandstone surfaces and these anchors usually derive their holding standards from the concrete.
The industry research report titled, “Europe Concrete Anchors Industry Situation and Prospects Research report” is a professional and in-depth study of the recent position of the Concrete anchors industry in Europe. It offers a comprehensive analysis that includes integrity of logic along with detailed description of contents and thus promises to meet the readers’ perspectives. Majorly, the report covers a basic overview of this industry including specific definitions, classifications, applications and industry chain structure. Also, an effective market analysis for the international market including development history, competitive landscape analysis, and major regions' development status forms a significant part of the report. Besides that, all the relevant development policies and plans along with the associated manufacturing processes and cost structures are well investigated throughout the report.
The concrete anchors industry is mainly split by (a) product types, with production, revenue, price, and market share and growth rate of each type, further segmented into: Wedge Anchors/Fasteners, Sleeve Anchors/Fasteners, Stud Anchors/Fasteners, and Self-drilling Anchors/Fasteners; and (b) by applications, aiming at consumption, market share and growth rate of Concrete Anchors in each application that involve: Cracked Concrete, Non-Cracked Concrete and Seismic.
This industry in Europe majorly caters to the countries including Germany, Russia, UK, France, Italy and some other regions wherein the focus remains on the top manufacturers prevailing in the market on the basis of factors like- production, price, revenue and market share for each manufacturer and these key industry players include: Hilti, Powers Fasteners, Fastenal, ITW, DEWALT, Hua Wei, Hohmann & Barnard, Inc, Ramset, Powers Fasteners, Concrete Fasteners, Inc, Tanner Fasteners & Industrial, L.H. Dottie, Cooper Industries, KAMAX, Acument Global Technologies, Dokka Fasteners, Arconic (Alcoa), Gem-Year, Infasco and Marmon.
Over the years, the ongoing innovations in engineering sector have been noted to pioneer a horde of advanced anchor options available globally, which are lately registering a decent success via delivery of maximum productivity, performance and reliability in various types of concrete anchoring applications. 
It has been observed that the European industry has long been characterized by resilient market competition, which is further expected to grow much higher owing to the surges in technological innovation and increasing number of mergers and acquisitions in the industry. Consequently, it has been witnessed that many local and regional vendors are currently offering a variety of specific application products and are competing healthily with the existing prominent market players on the basis of recent developments; progressive strategies to be adopted for ensuring a holistic growth; sustainability; and financial overview.
The industry when considered in accordance with relevant linkages between demand, investment, trade and productivity; is projected to relish a robust increment in productivity along with escalating demands. “New product developments” in Europe have been regarded as the most crucial factor which has lately resulted in a booming number of companies which prefer using concrete screw anchors as an alternative to the heavy-duty loads. This trend has solved many problems including- lack of training while installing wedge anchors; requirement of additional tools for operations; and consistent failures linked with installation of traditional anchors all at once. As a result, the market demand for concrete anchors has experienced a hike in the recent past and is further anticipated to continue ameliorating year after year in Europe.
Thus, the global concrete anchors market is also envisioned to evolve at strong compounded annual growth rates as the years roll by since Europe reckons itself to be one of the top contributors to the overall global progress. Even, the recent trends and short run forecasts well depict that applications of such anchors have heightened across the globe. Furthermore, the present scenario is all set to get much better by the end of 2025; wherein both the European as well as the global industry will definitely prosper by recording tremendous results in terms of revenues and cumulative profits; ultimately bolstering holistic economic progress.
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Escalating Demands For Refrigerated Food Display Cabinets –Ken Research


The industry research report titled, “Asia Commercial Food Display Cabinets Industry Situation and Prospects Research report is a professional and in-depth study of the current scenario of the Commercial Food Display Cabinets industry. It provides a deep analysis of the industry with the integrity of logic and comprehensiveness of contents to all its users and also, manages to give a basic overview of the industry involving definitions, classifications, applications and industry chain structure along with an analysis for the international market including development history, competitive landscape analysis, and major regions' development status. Moreover, all the development policies and plans are well investigated along with the manufacturing processes and cost structures in this report.
Display Cabinets refer to the storage equipments generally used for safely storing and displaying different food and beverage items and they even maintain the temperature required by various food products, like for example: frozen ready to eat food packets require chilled or frozen conditions such that their quality is maintained.
The market is mainly split by (a) product types, with production, revenue, price, and market share and growth rate of each type, further segmented into: Refrigerated Food Display Cabinets and Heated Food Display Cabinets; and (b) by applications, focusing on consumption, market share and growth rate of Commercial Food Display Cabinets in each application which mainly include: Restaurant, Hotel, Bar and Other.
The commercial food display cabinets industry in Asia mainly revolves about China, Japan, India, Korea, Saudi Arabia and some other regions wherein the focus is completely on the top manufacturers in the market on the basis of production, price, revenue and market share for each manufacturer. The key players of this industry namely include: IKEA, Hatco, True Manufacturing, Federal Industries, Alto-Shaam, APW Wyott, Displays2go, ISA Italy, Metalfrio Solutions, Daikin Industries, Beverage-Air, United Technologies Corporation, Hussmann, Dover Corporation, Sanden Corporation and Illinois Tool Works.
Over the years, a robust growth has been observed in this market which has been able to appeal many local and regional vendors, who in turn offer specific application products to various end-users. However, the new entrants which are being added to this industry are recently facing a strong competition from the already existing prominent players in terms of innovations in technology, quality of the services offered and diligence of international vendors. Though, this situation is projected to ameliorate in the coming years as by then, the new players are foreseen to possess bettered analytics and related procedures; ultimately ensuring a healthy competition in the industry.
It has been witnessed that the significance of display of merchandise has well been realized in accordance with the changing world i.e. visually triggered. Now, people tend to buy more of those products which attract them by their look and appearance and needless to say, these food display cabinets play a very crucial role in impacting the consumer decisions in Asia.
Basically, the mushrooming growth of food and retail sectors in Asia Pacific has propelled the demand for commercial food display cabinets, which possess innovative designs in order to effectively meet the rising demands of the Asians. The factors including: growing population of working women, amplifying expenditure on convenience food, and changing busy lifestyles of consumers;  have spurred the overall demand for packaged food and beverages which further has led to an increase in the number of display cabinets required. Moreover, the upcoming opportunities for foreign direct investment are further anticipated to aid the food retail sector in ballooning globally.
On proper scrutiny of various prospects, it has been discovered that expansions in the retail store network of Asia coupled with the surges in consumer dispensable incomes; will engender the market growth in the forthcoming years. Even, transition in the lifestyles to being much more hectic than before, as the years roll by, is foreseen to augment the popularity of packed food; especially the frozen food, which is furthermore envisioned to register a valuation of approximately USD 15.3 billion in the global industry by 2024.
Geographically, Asia-Pacific region has sustained to be highly promising as far as the growth rates for display cabinets are concerned, owing to the emboldening economic growth in response to which the commercial sector including: retail and hotels, restaurants, and catering industry is rapidly expanding recently; with a motive to produce boomed demands in the long run, more specifically for cold merchandisers. In Asia, China has been the key contributor to the holistic success of this industry and is expected to continue being the same until 2024.
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Thursday, May 3, 2018

Global Rafting Equipment is Expected to Reach USD 515 Million by 2022: Ken Research

Global rafting  market by Equipments (Protective Rafting Gear, Rafting Accessories & Inflatable Rafting Boats), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand, by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets, Department Stores & Supermarkets and Others) and by Equipment Price. The report extensively covers competitive landscape of major players including Wing Inflatables, HYSIDE Inflatables, SOTAR, NRS, Maravia and AIRE and analyst recommendation.
Rafting equipments in the price range of USD 1,500 – USD 3,000 are the highest selling products in the market. Rental shops prefer buying rafts which have a higher capacity of at least four people which costs above USD 6,000.
The US has been the market leader in terms of manufacturing and consumption demand of rafting equipments worldwide. Major players operating in the region include Wing Inflatables, SOTAR, Maravia, AIRE and HYSIDE Inflatables.
Supported by the growing popularity of the rafting as sport and rising awareness among people regarding the health benefits associated with rafting, the global rafting equipment market is expected grow at a CAGR of close to 2% during the forecast period 2018E-2022E. The presence of large number of water bodies facilitating whitewaters across the world would be prime sites for rafting activities in future. This includes various popular white water river destinations such as Indus, Kullu Manali, Yamuna, ganga, Tons, kameng, Yoshino River, Nagara River, Shiribetsu River, Himekawa River, Una, KUpa, Cetina, Dobra, Mreznica, Zrmanja and others.
The market is expected to be dominated by the regions including Americas & Europe owing to growing participation rates and health concerns. In the recent years, the region is witnessing an increase in the participation rates of paddle sports include paddling, canoeing, kayaking, rafting and stand-up paddle boarding. The rising interest in recreational activities is expected to drive the market forward. Moreover, major manufacturers usually release new products in their niche markets, which usually comprises of countries such as the US, the UK, Germany and others. 
With the passage of time, more people have been opting rafting professionally. This has given rise to increase in the number of rafting championships and tournaments. Americas has been a major hotspot for such events. For instance, the US Whitewater Rafting National Championships is the most important rafting competition in the Americas. The United States Rafting Association (USRA) oversees these championships and works in collaboration with the International Rafting Federation. These championships not only help the US at selecting its international competitive team, but have also helped the country develop proper infrastructure to help the growth of the sport. Hence, these events encourage youngsters to opt for rafting as a profession and would thus, help the market to grow further in the forecast period. Spreading awareness across the regions like Europe and APAC regarding water tourism by the national governments and tourism operators/boards, would lead to an increase in the inbound tourism rates. These inflating tourism rates shall be a major positive influencing factor for growth in the rafting equipment market. Various countries including Japan, India, Australia, China, and South Africa have excellent whitewater sites. With rise in tourism, rental stores supplying rafting equipments and rafting camps would further mushroom. High cost of the inflatable boats is expected to raise the preference for rentals during the forecast period. The rental stores are expected to gain popularity among the people as they offer additional services like professional advice in choosing the rafts for the customers. This may attract the amateur customers who do not frequently engage in rafting.
Analysts at Ken Research in their latest publication “Global Rafting Equipment Market Outlook to 2022 - by Equipments (Protective Rafting Gear, Rafting Accessories & Inflatable Rafting Boats), by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets, Department Stores & Supermarkets and Others)” has anticipated that owing to the sustained efforts towards better brand & product marketing by rafting equipment manufacturers and rising popularity of rafting as a professional sport in different regions will aid the global rafting equipment market.
Key Topics Covered in the Report
Technological advancement in rafting equipment
Market Share HYSIDE Inflatables
Lifespan of Rafting equipment
Market Share Wing Inflatables
Inflatable Rafting Boats market
Rafting accessories market
Water sports equipment market
Global Rafting equipment market
Europe rafting equipment market
Rafting equipment Industry Growth
Government Regulations in Global Rafting equipment market
Global Rafting Equipment Market future outlook and projections
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The US sports equipment market has grown at a CAGR of 2.1% in the last 5 years from USD 27,294.0 million in 2006
European golf market is developing with increasing number of golfers of all age groups offering opportunities for golf equipment
Indian Golf Union, PGTI and WGAI are taking enough initiatives to organize more number of professional and amateur tournaments in India.
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India Preschool and Daycare Services Market is Expected to Reach over INR 34,000 Crore by CY’22: Ken Research

India Preschool and Daycare Services Market by organized and unorganized, by regional analysis (Delhi NCR, Uttar Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Madhya Pradesh and Rajasthan), by number and revenue generated by preschools and daycare centers (organized market and unorganized market), snapshot on corporate day care market including government regulations, business models and company profiles of major players including KLAY & The Little Company, Your Kids “R” Our Kids, Little Big World, WeCare, IPSAA Daycare, Intellitots, Elly Child Care and Amelio, Kidzee, Shanti Juniors, Hello Kids, Bachpan a Playschool, Shemrock, The Treehouse, EuroKids, Little Millenium, SmartKidz, Podar Jumbo Kids, TIME Kids and Apple Kids

        Kidzee has been the leading player in terms of number of centers and revenue generated in CY’17. Bachpan, Euro Kids, Shemrock and The Treehouse collectively account for majority share in terms of number of centers in India.

        The average revenue earned by organized players ranges from INR 34-INR 45 Lakhs per center per annum for mediocre schools whereas it is INR 14- INR 20 Lakh for unorganized market players. By CY’22 this is expected to rise with increase in number of enrollments and expanding marketing channels.

The market has been anticipated to grow over the coming period. This would be facilitated by increase in the number of nuclear family structures/units, adaptation of child friendly curriculum based on a blend of western and Indian values and growing penetration in Tier I and Tier II cities. Rapidly rising brand consciousness in middle class would give way for a relatively increased proportion of organised players

India’s baby population (0-6 years) has been projected to grow rapidly. Furthermore, favorable government initiatives towards increasing women participation in labour force will lead to rising female working population. This will create significant demand for day care centers. Moreover, penetration in Tier I and Tier II cities is expected to enhance as these areas represent untapped potential. Tier II cities, in particular will provide ample scope of opportunities for new entrants or players who are looking to expand. Jaipur, Patna, Ahmedabad, Pune, Kochi, Mysore, Madurai, and Vishakhapatnam will be the merging Tier II cities in the future.

Shift away from memorizing concepts towards logical and rational & lateral thinking would be the trend. Over the coming years, more focus will be put on individual ability development and self expression. Promotion of non-conventional subjects and activities for learning such as music, dance, arts and drama will also be an upcoming trend. Trust of parents in the sector will enhance further with faster real time checks available for to keep an eye on the child from far

Off places. Live video feed, regular text updates and emails, or multimedia-rich daily reports, parents can become more engaged with their child’s care.

Gujarat)” have analyzed the market to grow registering a CAGR of 28.8% in the forecast period. Increase in government regulations in the industry, introduction of new parent-child engagement activities, better execution of exhaustive curriculum, higher market penetration by leading players in Tier II and III cities, more focus on teacher training and retention programs and venturing new marketing channels would surge future market growth.

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The report will help industry consultants, child care centers, day care centers and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

The report focuses on overall market size for daycare centers operating in Indonesia, market segmentation by region (Java, Sumatra and Others), by Java region (West Java, Central Java and East Java), by type of daycare membership (monthly, daily and others) and by type of programs (full day, half day and others)

KSA education industry has also grown immensely due to the improved relations of Saudi government with other nations including the UK, which witnessed an increase in female students from Saudi Arabia opting to study abroad

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Poland Logistics And Warehousing Market Outlook To 2022-Ken Research

How Logistics & Warehousing  Market Is Positioned in Poland?
The market is an amalgamation of a number of organized and unorganized players consisting of freight forwarders specializing in land, sea or air transportation, warehouse service providers, companies specializing in cold chain services, courier, express and parcel service providers and total logistics services providers that operate a multimodal transport model. Since Poland’s accession into the European Union (EU) in 2004, the trade flow has increased among the countries in the EU. The trade between Poland and Germany has increased substantially. Since then, the road transportation in the country has also witnessed a positive change. The freight forwarding sector is the leading segment with the highest contribution to the overall revenue of the logistics industry. It was followed by warehousing and value added services. Logistic services have been extremely successful in connecting Poland to different export and import markets across Europe and the world.
The logistics And Warehousing market in Poland has shown a remarkable growth in the past decade. The trade has improved due to lesser border restrictions, which has catapulted the logistics industry into a new dawn. The economic benefits received by Poland from the EU have helped the country to develop its infrastructure and supported the growth of the logistics industry. The logistics industry grew robustly with a CAGR of ~% from 2012 to 2014. The market grew from USD ~ billion in 2012 to USD ~ billion in 2014. The rise in domestic consumption has fuelled growth in the retail and FMCG sector which has further acted as a growth catalyst for the logistics industry. Manufacturing sector of the country has also witnessed substantial growth in recent years. The logistics industry grew robustly with a CAGR of ~% from 2015 to 2017. The market grew from USD ~ billion in 2015 to USD ~ billion in 2017.

Freight forwarding segment has dominated the Logistic and warehousing industry in Poland over the past few years. The increase in demand for transportation of goods from one place to another has accelerated the size of the freight forwarding services in the country. Warehousing is the second largest contributor in the logistic Industry. Rise in the e-commerce, retail and FMCG industry in the country has driven the demand of warehousing services in the country. Value added services had contributed smaller share in 2017. Continual investment by the government in development of logistics infrastructure and entry of several global players in the market have been the main reasons behind the increase in the share of the freight forwarding segment over the past five years. Normal delivery has contributed majorly to the revenues of Poland logistics market over the past few years. Normal delivery usually takes 6-7 days for delivering the product (depends on the distance between pick up & dropping point). Majority of the B2B logistics is performed through normal delivery. The express delivery segment has contributed least in the revenues of freight forwarding industry during 2017. Express services are specialized delivery services where the time for a standard package or shipment to be delivered is usually between 24 to 48 hours. Express services are fast delivery services owing to which their cost is much higher as compared to normal services.

The highest contributor to the logistics industry in Poland has been the manufacturing sector. It contributed around ~% of the total market revenue of the logistics industry in 2017. The storage and transportation of products for the retail sector contributed around ~% of the total revenue generated by the logistics industry of Poland in 2017. In 2017, the automotive industry contributed minimal share of the total revenue of the logistics industry in of Poland.

How Freight forwarding Market of Poland is Performing?
The accession of Poland to the European Union in 2004 lifted the strict border regulations and the freight forwarding industry in the country augmented significantly. The polish freight forwarding market is on a steady path of growth. Freight forwarding market has witnessed substantial growth in past few years growing at a positive CAGR during 2012-2017. Freight forwarding market of the country has dominated the overall logistics industry with significant share in terms of revenue during 2017.

Poland freight forwarding market has been majorly dominated by land and pipeline freight in terms of revenues and has grown at a single digit during 2012-2016. The sea freight market witnessed CAGR growth of ~% from 2012 to 2016. The rise in trading activities between Poland and Europe has been the key reason behind this growth. Air freight had a low share in the country freight forwarding market. The overall revenues of the air freight market have decreased from USD ~ million in 2012 to USD ~ million in 2016. The freight forwarding market is forecasted to dominate the Poland logistics market in future and grow at a five year CAGR from 2018 to 2022. The Polish freight forwarding market is expected to be driven by the rising industrial activities, growing e-commerce industry, rising purchasing power, elevated demand for food, upcoming infrastructural projects and focused investment by the government in development of the industry.

What is the Role of Warehousing Market in Poland Logistics Market?
The Poland’s warehouse market has witnessed a face change in the past few years. In 2004, there were ~ million sqm of modern industrial and warehouse space in the country. However, by 2017, this space has increased to ~ million sqm. The growing activities of tenants, developers, and investors are driving the demand of warehouses in the country. Several warehousing companies are transferring their business to a 3PL service provider that provides a wide array of services. The demand of the warehousing comes from logistics firm, distribution, trading and other industry sources.
The warehousing market in Poland grew at a CAGR of ~%from 2012 to 2017, growing from USD ~ billion in 2012 to USD ~ billion in 2017. The expansion in the e-commerce, retail and FMCG sector has been a major factor for the increase in the retail market growth leading to a positive impact on the Poland warehouse market by the rising demand from this sector. Warsaw has the highest share of ~% of the total warehousing area in Poland in 2017 owing to the industrial parks situated in the inner-city area and the suburbs of the   Warsaw region. The warehousing market in Poland is expected to grow with a CAGR of ~% during 2018 to 2022 and reach USD ~ billion by 2022. The expansion of ports and manufacturing companies will support the growth in the warehousing market in coming future. The rising FMCG and retail markets in the country will substantially augment the demand of warehousing space.

What is the Role of Express Delivery market in Poland logistics & warehousing Industry?
With the growing industrialization and busy lifestyles of people, the requirement for a faster delivery system was felt. International companies started to penetrate the polish courier service industry and with them they brought a highly efficient and streamlined express delivery system. Express delivery can be used for a number of goods including documents, cheque books, electronics, and official documentation among several others. The growing e-commerce industry has made express delivery more relevant in the country, leading to growing opportunities in the sector. The express logistics market increased from USD ~ million in 2012 to USD ~ million in 2017 at a CAGR of ~% from 2012 to 2017. The substantial rise in the number of courier consignments and postal parcel coupled with around 10-15% rise in fee of express delivery service has accelerated the overall revenue of the market. In addition to corporate using the express delivery services for sending important documents, people are also using the express service for delivery of personal documents. The population opting for express delivery instead of normal delivery has increased over the years making a positive impact on the market.
Poland express logistic market is dominated by air express logistics which contributed around ~% to the total revenue of the express logistics market in 2017, owing to the major international shipments falling in this category. Express Delivery market in Poland is expected to witness a CAGR of ~% during 2017-2022. High growth rate can be advocated to the elevation expected in the e-commerce industry, rise in the demand of perishable goods and the increased use of express delivery by people for personal and corporate documents delivery.

Cold Chain Market
The Poland cold chain market is estimated to be USD ~ billion in 2017 and has witnessed a substantial growth in the past few years. The major driver of this growth is the increasing contribution from the e-commerce industry with rising population opting for online grocery and food delivery, growth in the pharmaceutical industry, elevated agricultural market with rising population for consumption, increased demand of frozen foods and beverages, rise in the franchises in the country and the increasing number of smart phone users.
Increase in the disposable income of people in Poland over years and elevated preference for fresh produce has surged the demand of cold chain making a positive impact on the market
The emergence of organized retail and entry of number of foreign players has triggered the demand of the cold chain services in the country. Poland cold chain industry is expected to grow with a CAGR of ~% during 2018-2022 owing to the emerging demand from a range of different sectors. The market is likely to be driven by increasing demand for perishable items including meat & sea food and fruits & vegetables. Vaccines and pharmaceutical products, frozen food and dairy products will also play a key role in augmenting the cold chain logistics industry in Poland.

Third party Logistics Market
Third party logistic services have witnessed a robust growth rate in past few years. The revenues have increased from USD ~ billion in 2012 to USD ~ billion in 2017 with a CAGR of ~% during this period. Owing to the rising demand the logistics industry in Poland has witnessed a significant increase in the number of 3PL players in the past few years. Future Growth of Poland Logistics & Warehousing Industry. Poland logistics market is expected to increase at a CAGR of ~% during 2018-2022 owing to the gradual transformation of the country into a logistics hub for the Central and Eastern Europe. Growing purchasing power, increasing young population, several upcoming large-scale infrastructure and transportation projects and surging demand for cars in the country will result in the increasing size of the logistics industry. The government has elaborate plans for investment into the country’s infrastructure, which will be supported by the huge funding received from the European Union. The E-commerce industry is likely to witness substantial growth in its customer base and the number of orders, as more and more people now prefer online shopping instead of brick and mortar stores. This trend is likely to augment the revenues of the express delivery market in the future.

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Saudi Arabia cold chain market has grown at a substantial CAGR from 2010-2015 due to the increasing contribution from the fruits and vegetables production.

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Progressing Consumer Lifestyles To Heighten Ready-To-Drink Formula Industry In North America-Ken Research


The industry research report titled, “North America Ready-to-Drink Formula Industry Situation and Prospects Research report is a professional and in-depth study of the recent scenario of the Ready-to-Drink Formula industry that offers significant highlights of North America Ready-to-Drink Formula market regarding the industry structure and even the landscape designs, obstacles, desire ideas, along with the anticipated current market effectiveness. Additionally, it provides all its users with a comprehensive analysis including the integrity of logic and detailed description of contents.
Ready-to-use formula has been identified as the most convenient variant of formula since it is usually rich and thick and further does not require any addition of water before feeding a baby. Besides that, there are lesser chances of constipation in babies as often happens in other powder formulas. Recently, retail sector for such products has been witnessed to be extremely supportive and as a result, these products are readily available across the world.
The report does not fail to offer a considerable outlay of the industry including various specific definitions, classifications, applications and industry chain structure. Besides that, a proper market analysis for international players that covers- development history, competitive landscape analysis and major regions' development status is well conducted in order to assist the users in the best way possible.
This market on a whole is majorly split by (a) product types, with production, revenue, price, and market share and growth rate of each type, which are segmented into 2-6 FL OZ, 6-8 (Including 8) FL OZ, 8-31 FL OZ and More than 31 FL OZ and (b) by applications, aiming on consumption, market share and growth rate of Ready-to-Drink Formula in each application, which are further divided into 0-6 Months, 6-12 Months and 12 Months Plus.
The Ready-to-Drink Formula industry in North America majorly caters to countries like United States, Canada and Mexico wherein the key manufacturers, with production, price, revenue and market share for each manufacturer include- Danone, Mead Johnson, Nestle, and Abbott Laboratories. These players have maintained their positions in the industry for a long time, being in a healthy competition and ultimately have bestowed to the cumulative progress of this industry.
The pivotal factors that have been witnessed to drive the market demand for ready to drink formula include: rise in the number of working women in North America; hectic lifestyles; and the rising awareness amongst parents regarding baby health problems that further has led to an increase in the per capita expenditure done on the new born babies since the parents simply can’t compromise on the health of their little ones and prefer quality even in front of high pricing. Also, these formula contain the necessary proteins, carbohydrates, and other important nutrients essential for infant growth, and thereby offer convenience to the busy parents since they are easy to prepare and consequently, the economy has encountered a high demand for such convenience products if considered globally and thereby these upcoming products are being welcomed across the globe; further bolstering the growth of this industry in North America.
The industry when considered in accordance with relevant linkages between demand, investment, trade and productivity; is projected to relish a robust increment in productivity along with booming demands. Moreover, with the futuristic concept of Sustainable Development Goals (SDGs) which are specifically the goals of “removing extreme poverty” and “generating decent employment opportunities for all”; the industry on a whole will surely benefit by registering a decent CAGR because all the industries in the global economy are envisioned to enjoy affirmative shifts towards development.
It has been noticed via investigations into this market that an overall rise in the availability of different types of infant formulas including: milk based, soy based, and specialty based with added flavors; has taken place in the recent past and furthermore, these trends are expected to ameliorate in the years to come owing to highly changed lifestyles, surging middle class population, and amplifying disposable incomes; ultimately resulting in an overall amelioration of the standards of living.
In the long run, the latest trends are anticipated to embellish via regular shifts in the consumer preferences towards convenience products, through which a holistic increase in the availability of an extensive variety of such innovative products is envisioned.
Geographically, North America accounts for the second-highest revenue share due to a resilient presence of prominent players in this market and in the coming years, it is projected that the global ready to drink formula industry will reach a valuation of somewhere near USD 39,541 million by 2023 owing to the rigorous improvements that will keep on taking place in North America year after year.
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