Tuesday, October 11, 2022

Indonesian Construction Chemicals Market is expected to grow at a CAGR of 9.26% between FY’20 to FY’25: Ken Research

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  • Construction sector had to bear the worst impact of COVID 19 as there was a major financial and manpower crunch in the market. This indirectly impacted the construction chemicals market adversely.
  • The Concrete Admixtures market is anticipated to grow the fastest, with a CAGR of 14.2 % during the forecast period FY’20-FY’25.

Adoption of Sustainable Products and Technological Advancements: The demand for products with features such as lower water consumption is increasing among consumers, due to frequent droughts and water scarcity problems in Indonesia. In addition to this, stricter environmental regulations from government and the Green building council, especially after the announcement of the new capital, are also driving the demand for greener solutions. This has motivated companies to introduce eco-friendly construction chemicals. The construction chemicals domain is highly cost-competitive in Indonesia.

Massive Projected demand from Infrastructure sector in Indonesia: With President Jokowi’s focus on expanding infrastructure efforts to outside Java, and announcing a new capital in Kalimantan, a surge in demand of construction chemical is expected. Infrastructure construction activities are the major end users of construction chemicals in the country. The government of Indonesia’s commitment to increase spending on infrastructure and housing development will bode well for the expansion of the construction chemicals market in the country. The upcoming major infrastructure projects such as those under National Strategic Projects, are to present a huge growth potential for the construction chemicals in Indonesia.

Increasing investments in Research and Development: The leading construction chemical players in Indonesia are investing in research & development activities and manufacturing plants to achieve a competitive edge. Manufacturers need to work with construction industry experts and end users to develop new construction chemical products.

The report titled Indonesian Construction Chemicals Market Outlook to 2025: Ongoing and Healthy Pipeline of Ambitious Infrastructure Projects are driving the growth of Construction Chemicals Marketby Ken Research suggested that the Indonesia construction chemicals market is expected to grow further in the near future, with the growing residential and infrastructure construction. The market is expected to register a positive CAGR of 9.26 % in terms of revenue during the forecast period of FY’20-FY’25

indonesian-construction-chemicals_market

Key Segments Covered in Indonesia Construction Chemicals Market

By Type of Construction Chemical Market

Organized

Unorganized

By Type of Construction Chemicals

Concrete Additives

Waterproofing

Repair and Rehabilitation Chemicals

Sealants

Tile Adhesives

Flooring

By Type of Concrete Additives Market

Organized

Unorganized

By Type of Waterproofing Market

Organized

Unorganized

By Type of Repair and Rehabilitation Chemicals Market

Organized

Unorganized

By Type of Sealants Market

Organized

Unorganized

By Type of Tile Adhesives Market

Organized

Unorganized

By Type of Flooring Market

Organized

Unorganized

Key Target Audience

Construction Chemical companies

Concrete Additive companies

Waterproofing companies

Adhesive and Sealant Companies

Repair and Rehabilitation Chemical companies

Time Period Captured in the Report:

Historical Period: FY’15-FY’20

Forecast Period: FY’20-FY’25

Construction Chemical Companies in Indonesia:

Aquaproof (PT Adhi Cakra)

PT MBS Indonesia

PT Bostik Indonesia

PT Dow Chemical Indonesia

PT FOSROC Indonesia

PT Sika Indonesia

PT Mapei Indonesia

PT Estop Indonesia

PT Miranila Abadi (Ultrachem)

Bossil (Nippon paint Subsidiary)

PT Propan Indonesia

Mortar Utama-Weber

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Key Topics Covered in the Report

Global overview of construction chemicals market

Construction Chemical Market Ecosystem

Value chain Analysis of Construction Chemicals market

Demand side analysis of Construction Chemicals market

Porter’s Five Forces Analysis of the Indonesian Construction Chemicals Market

SWOT Analysis of Construction Chemicals Market

Key Trends in Indonesia Construction Chemicals Ecosystem

Government’s Role in the Indonesian Construction Chemical Market

Recent Developments in Indonesian Construction Chemical Market

Import Export Scenario of Raw Materials in Indonesia Construction Chemical Market

Import Export Scenario of Specialty Chemicals in Indonesia Construction Chemical Market

Indonesia Construction Chemicals Market End User Analysis

Indonesia Construction Chemicals Market Size and Segmentation

Market Share of Construction Chemical Companies on the basis of Revenue

Financial and Business Landscape of Indonesia Construction Chemicals Players

Product Landscape of Indonesia Construction Chemicals Players

Company Profile of Major Construction Chemical Companies in Indonesia

Indonesia Construction Chemicals Market Future Outlook and Projections

COVID-19 Impact on the Construction Chemicals Industry

Forward Path and Recommendations

Analyst Recommendation

For More Information On the Research Report, Refer to the Below Link: –

Indonesian Construction Chemicals Market

Related Reports:-

India Construction Chemicals Market Outlook to 2025 (Second Edition ): Surging Construction Industry in India is leading to the Growth of Construction Chemicals Market

Indonesia Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)

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

Indonesia Dental Services Market Research Report to 2026: Ken Research

 How Dental Services Market is positioned in Indonesia?

Overview:

Indonesia has well-equipped dental clinics offering high quality services and comprehensive dental treatment packages for medical tourists at affordable prices as low as ~% in comparison to neighboring countries like Australia and Singapore. Indonesia Dental Services market is currently at the growth stage with CAGR at ~% owing to rising independent dental clinics, demand for cost efficiency, personal attention and upgradation in technology.

Registration of doctors and dentists is managed by Indonesian Medical Council (KKI) in accordance with Regulation No. 6 of 2011. Indonesia, back in 2014, introduced Universal health coverage that is a Guarantee type Health insurance that most Indonesians have is BPJS Health PBI is followed by non-PBI BPJS Health and Jamkesda.

The market is expected to grow with a CAGR at ~% over the period 2021-2026F owing to rising dental problems and the high insurance coverage across the country. The rising Dental consciousness among the Indonesian population, along with the growing purchasing power, is expected to contribute to the market growth over the forecast period.

Indonesia Dental Services Market Segmentation

By Types of Services:

Endodontics dental services have dominated the market contributing majority of share to the market against rest of the dental services.

By End Users:

Dental Clinics contributed more to the market contributing majority of share in comparison to hospitals for dental services as people only prefer hospitals for major dental surgery.

By Dental Clinics:

Unorganized Dental Clinics dominated the market contributing majority of share in comparison Organized Dental Clinics as unlicensed dental personnel are popular among lower-income Indonesians who can’t afford qualified practitioners.

By Revenue Division:

Majority of the Dental Services market share is dominated by domestic services in comparison to international dental services for tourists.

By Cities:

Jakarta, being the major contributor of this segment, registered larger market share then rest of the cities owing to higher concentration of Dental services in the area.

Competition Landscape in Indonesia Dental Services Market

The competition in Indonesia Dental Services Market was observed to be highly fragmented market with Kimia Farma as the sole market leader in the market owing to their highest number of dental clinics and no. of dentists per clinic across Indonesia. Other players in the market includes Dental Care Dent, Smile Tooth Kingdom, Dental Care, Audy Dental, Medikids (MHDC Group), FDC Dental Klinik, OMDC (Oktri, Manessa Dental Center), Axel Dental, GiO Dental Care, and more.


Companies in Dental Services Market in Indonesia are competing based on Number of Dentists, Number of Dental Chairs, Average Ticket Size, Peak Hours, Booking Mode, and Major Treatments Offered

Indonesia Dental Services market Future Outlook and Projections

Dental services market is anticipated to witness significant growth over the forecast period due to the improvements in already existing services along with introduction of new improved technologies, including dental caps, dentures, and drills.

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The market is expected to grow with a CAGR at ~% over the period 2021-2026F owing to rising dental problems and the high insurance coverage across the country.

Dental Chains are expected to further grow owing to the prevalence of dental disorders and increasing number of small and private dental clinics. The rising Dental consciousness among the Indonesian population, along with the growing purchasing power, is expected to contribute to the market growth over the forecast period.

Key Segments Covered

Indonesia Dental Services Market:

By Types of Services:

Endodontics

Cosmetic Dentistry

Prosthodontics

Orthodontics

Periodontics

Implantology

Others (wisdom teeth removal, facial trauma, corrective jaw surgery and other minor surgeries)

By End Users:

Dental Clinics (Organized + Unorganized)

Hospitals

By Dental Clinics:

Unorganized Dental Clinics

Organized Dental Clinics

By Revenue Division:

Domestic

International Tourist

By Cities:

Jakarta

Bandung

Surabaya

Medan

Others (other Indonesian cities)

Key Target Audience

Dental Service Providers

Dental Equipment Distributors

Dental Equipment Manufacturers

Dental Clinics

Hospitals

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Base Year: 2021

Forecast Period: 2021– 2026F

Companies Covered:

Dental Services Providers

Kimia Farma

Indo Dental Care

Dent Smile

Tooth Kingdom Dental Care

Audy Dental

Medikids (MHDC Group)

FDC Denatl Klinik

Smiling Dental

Rejuvie Dental Clinic

OMDC (Oktri Manessa Dental Center)

Royal Smile Dental

Axel Dental

GiO Dental Care

Dental Universe Dental Clinics

Key Topics Covered in the Report

Indonesia Dental Services Market Overview

Indonesia Healthcare Overview

Ecosystem of Indonesia Dental Services Market

Business Cycle and Genesis of Indonesia Dental Services Market

End User Analysis of Indonesia Dental Services Market

Consumer Journey in Indonesia Dental Services Market

Consumer Pain Points in Indonesia Dental Services Market

Industry Analysis of Indonesia Dental Services Market

SWOT Analysis of Indonesia Dental Services Market

Key Growth Drivers in Dental Service Market in Indonesia

Major Challenges and Bottlenecks in Indonesia Dental Services Market

Regulatory Framework in Indonesia Dental Services Market

Competitive Landscape in in Indonesia Dental Services Market

Market Share of Major Dental Services Providers in Indonesia Dental Services Market

Detailed Analysis on Indonesia Dental Services Market (Market Size and Segmentation, 2016-2021; Future Market Size and Segmentation, 2021-2026F)

Market Opportunity and Analyst Recommendations

For More Information on the Research Report, Refer to Below Link:

Indonesia Dental Services Market: Ken Research

Related Reports:

Vietnam Dental Services Market Outlook to 2023 - By Organized and Unorganized Clinics, By Cities (Ho Chi Minh City, Dong Nai, Hanoi, Haiphong, Binh Duong, Can Tho, Khanh Hoa, Nghe An, An Giang and Others), By Dental Care Services (Prosthodontics, Endodontics, Cosmetic Dentistry, Implantology, Orthodontics, Periodontics and Others), By Domestic and Foreign Customers

Singapore Medical and Dental Clinics Market Outlook to 2022 - Led by Inorganic Expansion of Major Clinics and Expansion into More Specialized Services

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Ankur Gupta, Head Marketing & Communications

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+91-9015378249

Monday, October 10, 2022

Australia Pharmacy Retail Market Growth, Demand, Business Opportunities, Size, share Industry Trends, Analysis and Forecast till 2025: Ken Research

Australia Pharmacy Retail Market Overview:

Australia Pharmacy Retail market in terms of revenue increased at a single digit CAGR over the review period 2015-2020. The market was observed to be at growth stage owing to growing intensity of competition among the Major Pharmacy Chains & Banner Groups in the market in terms of wide product offering and Value Added Services.

The Pharmacy Retail industry in terms of No. of Pharmacy Stores has grown at a CAGR of ~% during the period 2015-2020. Growth in industry driven by Services such as Online Consultations, E-Prescriptions & per capita Health Expenditure of individuals in the country.

Australia has approximately ~ community pharmacies, ~ pharmacy chains and ~ thousand pharmacists. In addition to that, Pharmaceutical Benefits Scheme by Government has helped patients in getting affordable medicines at pharmacy stores. >~% of Pharmacies in Australia has achieved quality accreditation thereby providing Quality Services to Australians. Community Pharmacies are the most accessible health destination, with >~ million individual patient visits annually. A person visits a pharmacy 18 times each year, in metropolitan, remote & rural locations in Australia

Australia Pharmacy Retail Market Segmentation:

By Market Structure: Pharmacy Chains in the industry dominated the revenues & No. of Stores in pharmacy retail market in Australia in 2020. Pharmacy Chains has established strong presence across all the regions in Australia that resulted in higher footfall of customers at these outlets.

By Type of Pharmacies: Community Pharmacy dominates the market in terms of Number of Stores, followed by discount pharmacies in the country in 2020. Prescribed, OTC and Non-Pharma Products were the major categories being demanded at community Pharmacies.

By Product: Prescribed Medicines dominated the market in terms of Revenue largely due to the higher costs of such medicines in 2020. Among the other product categories, Over-The-Counter and Non Pharmaceutical Products were consistently growing in terms of Revenue Share. Medical Equipments being the last category showed stable growth over the years in the country.

Demand for Non-Pharmaceuticals and OTC is consistently growing in Pharmacy Chains Stores whereas Prescribed Drugs & OTC are generally purchased by the customers from the Independent Stores. Amidst the COVID-19 crisis, Over the Counter Medicines saw a significant increase in percentage in terms of market share in the product category.

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By Therapeutic Class: Cardiovascular and Anti-Infectives dominated the market in terms of revenue followed by CNS and Vitamins/Minerals and Nutrients in 2020 majorly due to the number of cases and medicine dispensed over the last 5 years.

By Drug Type: Generic Drugs dominated the market in terms of revenue largely due to their affordability and availability to the customers in their nearby stores. On the other hand, patented drugs in the market are generally being recommended by the doctors and are usually taken for chronic diseases.

By Region: New South Wales and Victoria accounted for more than ~% share in terms of revenue and Number of Stores in 2020. Region dominated as a result of major number of locations in these regions, higher number of Pharmacists and also because of High population in the region.

Australia Pharmacy Retail Market Competition:

Competition in Pharmacy Retail Market in Australia is moderately concentrated with support from Banner Groups in terms Supplies and other Technology related Backups. Pharmacy Chains are scattered across multiple regions in Australia. Top 3 players capture ~% share in the overall Industry Revenue and in terms of Number of Stores. Players in Pharmacy Retail Space competing on the basis of Number of Customers in a day, Average Basket Size, Number of Products Offered, Type of Services, Geographical Locations, Number of Stores, Online Presence, Home Delivery, Value Added Services etc.

Australia OTC Pharmacy Retail Market Future Outlook and Projections:

Over the forecast period, Australia Pharmacy Retail Market is expected to reach ~AUD Mn i.e. with a CAGR of ~% in terms of Revenue as a result of expected Growth in Proportion of Population More than 60 Years old, Growing per capita health expenditure, number of Pharmacy Stores, growth in customer footfall, Growth in Number of Insured Patients, Tele consultations and E- Prescriptions.

In addition to that Growth in Healthcare Expenditure along with multiple strategies implemented by Pharmacies such as opening of store for 24/7 will complement the Revenue Growth in the industry. Market in terms of Number of Pharmacy Stores and Revenue will witness a single digit growth rate in future. The market in terms of Number of Stores is anticipated to reach with a CAGR of ~% during 2020-25.

Australia Online Pharmacy Landscape

Online Pharmacy Market in Australia is growing over the years & have increased significantly as a result of Increased confidence in online shopping, as lockdown restrictions forced consumers online, is also expected to have boosted demand for industry operators.

Key Topics Covered in the Report: –

·         Overview of Australia Pharmacy Retail Market

·         Trends and Growth Drivers in the Industry and Challenges Faced

·         Australia Pharmacy Retail Market Size and Segmentations, 2013 – 2019

·         Ecosystem and Value Chain of Pharmacy Retail Market in Australia

·         Distributors & Wholesalers Landscape in Australia Pharmacy Retail Market

·         Industry SWOT Analysis

·         Australia Online Pharmacy Landscape

·         Pharmacy Information System Software Landscape

·         Case Study- Pharmacy Banner Groups

·         Telemedicine & Online Consultations Snapshot

·         Contraceptive Demand among Customers in Australia

·         Cross Comparison between Major Players and Company Profiles

·         Future Market Size and Segmentations, 2020P-2025F

·         Covid-19 Impact on the Industry & the Way Forward

·         Analysts’ Recommendations

For More Information on the research report, refer to below link: –

Top Retail pharmacy Companies in Australia

Related Reports

Indonesia Pharmacy Retail Market Outlook to 2025 By Market Structure (Organized & Unorganized); By Region (West Java , East Java , Central Java , Jakarta , North Sumatra & Others); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)

Thailand Pharmacy Retail Market Outlook to 2025 – By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)

Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Class

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

5 Key Insights on US$ 35 Bn Opportunity in Global Refractories Market

 Driven by the Strong Mechanical Strength, and Growing Demand from the Iron and Steel Industry the Global Refractories Market is forecasted to Cross US$ 35 Bn by 2028 says Ken Research Study.

Refractory materials are non-metallic minerals possessing chemical and physical properties.  It is resistant to decomposition by heat, pressure, or chemical attacks and retains its strength and form. Refractories are more heat resistant than metals and are used to line the hot surfaces inside industrial processes. “Ken Research shares 5 key insights on this high opportunity market from its latest research study”

1.  The Soaring Infrastructure Development and Growing Steel Industry Augmenting the Demand Refractories

The Global Refractories Market is expected to witness positive growth during the forecast period, owing to its strong mechanical strength and its resistive property of decomposition by heat, pressure, or chemical attacks.

According to Ken Research estimates, the Global Refractories Market is estimated to be about US$ 25 Bn by 2022 and is expected to grow further to more than US$ 35 billion opportunity by 2028, witnessing growth at a CAGR of 5% during the forecast period 2022- 2028. Asia- Pacific is the most dominating region in the global refractories market. As the refractories market has no alternative and has wide applications, therefore it holds a minimum threat to be replaced by any substitute in the near future.

According to the World Refractories Association, one ton of steel requires approximately 10-15 kg of refractories to line the furnace in which it is produced. Without the protective material property of refractories, the furnace could not contain the molten steel.

2.  Iron and Steel Surge in Automotive Sector Drives the Market Growth; High Demand for Refractories Observed

The demand for refractories is increasing due to an increase in demand for various industries like the automotive industry, energy and chemical industry, and others. The rise in demand for iron and steel in the automotive industry due to the surge in EVs is adding to the growth of the refractories market.



Organisation Internationale des Constructeurs d’ Automobile (OCIA), in 2021 quoted approx. 80.15 million vehicles were produced around the world, witnessing a growth rate of 3% compared to approx. 77 million vehicles in 2020, thereby enhancing the consumption of refractories for the manufacturing of vehicle body parts.

3.  Overdependence on the Iron and Steel Industry, Companies Face Limited Opportunities in Market Expansion

The over-dependence of the refractories market on the iron and steel industry is a major challenge for the refractory market. The lining of a reactor, transport vessel or kiln uses a wide range of refractory products including bricks, monolithic, and high-temperature insulation wool. Refractories provide mechanical strength, protection against corrosion, and thermal insulation.

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According to World Refractories Association, 70% of the refractories are sold to the steel industry and the rest 30% of the share is covered by other end users like power generation, cement, glass, petrochemical, chemical, and paper & pulp. Thus, the downfall of the iron & steel industry would lead to a decline in the refractories market, restraining the market to grow.

4.  A Significant Market Share held by the Brick and Shaped Segment, Also Likely to Showcase High Growth

The Refractories market is anticipated to be dominated by the brick and shaped segment during the forecasted period. The shaped bricks are specially made for particular kilns and furnaces and are generally machine-pressed. Furthermore, owing to its high use in metal and non-metal industries, the brick and shaped segment is likely to hold a significant market share.

For instance, according to China’s Five-Year Plan unveiled in January 2022, the construction industry is estimated to grow at a CAGR of 6% in 2022, hence indicating more production of steel leading to the growth of brick and shaped segment.

5.  Asia Pacific Recognized as Largest Regional Market, Manufacturing and Industrialization Chipping in Aggressively

Asia Pacific is expected to dominate the Global Refractories Market during the forecast period. In Asia Pacific region, China is the largest economy having a large number of manufacturing and production industries in the world. As China possesses local availability of raw materials it dominates the refractories market in terms of consumption and production.

According to World Steel Association, China is the largest producer of steel in the world. The country's annual crude steel production capacity stood at 1,032.8 metric tons in 2021, registering more than 50% of global production, thus creating market opportunities for refractories in the country. Furthermore, China is experiencing massive growth in its construction sector. According to the National Bureau of Statistics of China, in 2021, the construction output in China was valued at approx. US$ 4 trillion, hence driving the demand for the refractories market.  

For more information on the research report, refer to the below link:

Global Magnesite Brick Refractories Market

Related Report –

Global Natural Fiber Reinforced Composites Market

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Indian Aquaculture Feed Market is expected to expand at a CAGR of ~4.2% on the basis of Revenue in between FY’22-FY’27E: Ken Research

 

  • Increasing awareness on health and hygiene is resulting in people consuming residue-free food, which is building pressure on exporters to grow seafood that is good for health. This has a positive impact on the aqua feed industry as quality feed and fish seeds for aqua species will contribute in the growth of these species without any diseases.
  • Shrimps form the major chunk of aqua culture market in India. In FY’20, frozen shrimps export contributed to the majority share of 51% as compared to other fisheries product such as frozen cuttle fish, frozen squid and frozen fish among others. 
  • Due to the massive contribution of shrimps to the overall aqua culture market, aqua feed manufacturing companies have initiated the process of focusing on producing larger amount of shrimp feeds to cater to the domestic as well as international demand.

Demand of Seafood will thrive the need for aquaculture feed in the coming years The coastal line of the country is about 7,517 kilometers with 195.2 kilometers of river and canal systems. The country consists of 14 rivers, 44 medium rivers, and many small rivers. As aquatic items occupy a specific position in the market, India will witness a surge in demand for seafood. As a result, market demand for aquaculture feed will be driven by population growth, rising income, and fast urbanization, which will create a strong need for aquaculture feed for farming.

Higher Production of Carp to aid the Aquafeed Industry in the country

Based on species, carps account for a significant share in the industry and are likely to witness a significant growth in the forecast period. This can be attributed to the growth of the freshwater aquaculture segment in the country, which significantly contributes to the total annual aquaculture production. The favorable government initiatives to increase the productivity of aquaculture are aiding the segment growth. For instance, the fish farmers in Orissa have been able to double their production owing to the ongoing carp intensification Programme, supported by World Fish and the state government. Moreover, the growing popularity of carp spawn feed, carp fry feed, carp grow-out feed, and carp brood feed are expected to further aid the segment growth in the forecast period.

Increasing demand for Aquaculture feed ingredients to fuel the growth

On the basis of ingredient, the soy and fish oil segment is anticipated to account for a considerable share in the market. This can be attributed to the increasing demand for the product in the shrimp feed industry formulations. India is one of the leading global shrimp producers. The increasing consumption of seafood is likely to aid the market growth in the forecast period. Meanwhile, the fishmeal segment is estimated to grow significantly in the forecast period, owing to the production of high-quality fishmeal for small-scale aquaculture. Furthermore, it is a low-temperature meal, which is produced by steam drying, which makes it highly digestible. Also, it facilitates rapid growth, therefore, it is also suitable for salmon farming. The demand for aquafeed is likely to witness a significant growth in states like Andhra Pradesh and West Bengal owing to the flourishing aquaculture industry. The rising fish farming in West Bengal is likely to generate a healthy demand for aquafeed in the forecast period.

Surging Exports due to higher requirement of better-quality seafood

The aquafeed market in India is being driven by the thriving aquaculture sector in the country. The aquaculture industry in the region can flourish only if all the aquatic animals are well fed with proper nutrition. The vitamins and minerals present in aquafeeds are essential for the growth of aquatic animals. Over the forecast period, the increase in domestic consumption as well as the export of fishes is expected to aid the market growth. Also, different species require different types of animal feed, which depend on their body structure, temperature, and weight of the organism. Therefore, the increasing demand for aquafeed to boost fish production is expected to provide a further impetus to the market in the forecast period.

Future Opportunities for Indian Aquaculture Feed market players

Organic Fish Farming is in its initial stage of development. Organic fish production emphasizes on chemical-free, genetically modified products and pesticides.  It also ensures animal welfare by decreasing the stocking density. The use of organic fish feed helps in raising aquatic animals in more sustainable manner. In recent years, it has been observed that the consumers inclination towards organic food has increased significantly and hence production of organic feed serves as an immediate opportunity for the players to cater the ever-increasing user base due to surging awareness among the country residents about health consciousness and organic food. The publication titled India Aquaculture Feed Market Outlook to 2027: Driven by surging demand of shrimps, increasing exports and shifting preference towards consuming quality seafood provides a comprehensive analysis of the aquaculture feed market by analyzing historical statistics and corresponding developments in the aqua feed industry. The report covers various aspects including aquaculture feed market size on the basis of revenue, average price of aqua feed, overview of the market, ecosystem, operating model of aquaculture industry, value chain analysis of aquaculture feed market, products and services of aquaculture feed companies in India, types of different aquaculture feed, growth trends and developments, Porter 5 Forces Analysis, government initiatives, SWOT analysis, impact of COVID-19, and risk factors governing the future outlook of industry. Insights on competitive landscape of aquaculture feed market and cross comparison between major players operating in the ecosystem is also covered in the report on the basis of operational and financial parameters such as inception year, headquarters, market revenue, production, market share, strengths, challenges, company overview, total sales, no of employees, unique selling propositions, product portfolio, business model, key features, recent developments and future opportunities. The report also focuses on the India Aquaculture Feed Market Segmentation by Type of Feed (Shrimp Feed, Fish Feed and Others); By Type of Ingredients (Soy, Corn, Fish Oil, Fish Meal and Others); By Region (Andhra Pradesh, West Bengal, Gujarat, Tamil Nadu & Puducherry, Odisha, Maharashtra and Others); By End User (Commercial and Household) and By Distribution Channel (Store Based and Online). India Aquaculture Feed Market report concludes with projections for the future of the industry on the basis of revenue by 2027 and analysts’ take on the future highlighting the major opportunities.

Key Segments Covered in India Aquaculture Feed Market

  • By Revenue
  • By Average Price of Aquaculture Feed
  • By Type of Feed
  • Shrimp Feed
  • Fish Feed
  • Others
  • By Type of Ingredients
  • Soy
  • Corn
  • Fish Oil
  • Fish Meal
  • Others
  • By End User
  • Commercial
  • Household
  • By Distribution Channel
  • Store Based
  • Online
  • By Region
  • Andhra Pradesh
  • West Bengal
  • Gujarat
  • Tamil Nadu & Puducherry
  • Odisha
  • Maharashtra
  • Other States and Union Territories
  • Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTgxNjUw Key Target Audience
  • Aquaculture Feed Manufacturing Companies
  • Companies in the Aquaculture Industry
  • Seafood Companies
  • Industry Associations
  • Government Bodies
  • Time Period Captured in the Report:
  • Historical Period: FY’17-FY’22
  • Forecast Period: FY’22-FY’27E
  • India Aquaculture Feed Manufacturing Players
  • Manufacturers
  • Avanti Feeds
  • Coastal Corporation
  • Waterbase
  • Zeal Aqua
  • Apex
  • Adinath Bio Labs Limited
  • Devi Aqua Feeds
  • Alltech
  • BMR
  • Cargill
  • Biomin
  • Novus
  • Growel
  • IB Group
  • P. Group
  • Sandhya Aqua
  • Devi Aqua Feeds
  • Smilax
  • Government Institutions and Regulators
  • CAA (Coastal Aquaculture Authority)
  • CIFNET (Central Institute of Fisheries Nautical & Engineering Training)
  • CICEF (Central Institute of Coastal Engineering for Fishery)
  • FSI (Fishery Survey of India)
  • MPEDA (Marine Products Export Development Authority)
  • NFDB (National Fisheries Development Board)
  • NIFPHATT (National Institute of Fisheries Post Harvest Technology and Training)
  • Government Departments
  • MOFHAD (Ministry of Fisheries, Animal Husbandry and Dairying)
  • DOF (Department of Fisheries of Respective States & Union Territories) Key Topics Covered in the Report
  • Overview of Aquaculture Feed Market in India
  • Technological Adaptation in Aquaculture Feed Market in India
  • Per Capita Income (INR) in India
  • Ecosystem of Major Entities in Aquaculture Feed Market in India
  • Operating Model of Aquaculture Industry in India
  • Value Chain Analysis of Aquaculture Feed Market in India
  • Products and Services of Aquaculture Feed Companies in India
  • Types of Different Aquaculture Feed
  • Market Size of India Aquaculture Feed Market (Basis Revenue in INR Crore)
  • Average Price of Aquaculture Feed (INR)
  • India Aquaculture Feed Market Segmentation (By Type of Feed, By Type of Ingredients, By End User, By Distribution Channel and By Region)
  • Trends and Developments in India Aquaculture Feed Market
  • Issues and Challenges in India Aquaculture Feed Market
  • Government Initiatives in India Aquaculture Feed Market
  • Porter 5 Forces Analysis of India Aquaculture Feed Market
  • SWOT Analysis of India Aquaculture Feed Market
  • Impact of COVID-19 on India Aquaculture Feed Market
  • Cross Comparison of Major Aquaculture Feed Manufacturing Companies (on the basis of Inception, Headquarters, Market Revenue, Production and Market Share)
  • Strengths and Challenges of Major Aquaculture Feed Manufacturing Companies
  • Company Profiles of Major Aquaculture Feed Manufacturing Players (Company Overview, Total Sales, No of Employees, Unique Selling Propositions, Product Portfolio, Business Model, Key Features, Recent Developments and Future Opportunities)
  • Future Market Size of India Aquaculture Feed Market (Basis Revenue in INR Crore)
  • Future Projections of Average Price of Aquaculture Feed (INR)
  • India Aquaculture Feed Future Market Segmentation (By Type of Feed, By Type of Ingredients, By End User, By Distribution Channel and By Region)
  • Analyst Recommendations
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Growing Rural Smartphone Penetration, Technological Advancements and Infrastructural Expansion to Stimulate the Growth of Agritech Industry in India: Ken Research

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  • In January 2021, Cropin raised $20 mn in a Series C funding round led by Singapore-based PE firm, ABC World Asia. The company aims to use the latest funding for global expansion & driving the European market.
  • Agritech startup Dehaat acquired FarmGuide, a B2B Software as a Service (SaaS) platform, in February 2021. The company plans to integrate FarmGuide's spatial technology and data science with DeHaat's existing platform to build a full-stack platform for agribusinesses.
  • Indore based Gramophone, added a ‘Vyapar’ section to its platform to venture into the output linkage segment and help farmers connect with buyers and sell their produce directly. The startup also plans to expand its presence to Maharashtra, Uttar Pradesh, Telangana, Karnataka and Tamil Nadu by the end of FY’2022.

Augmented Investor Interest: There has been exponential growth in the investments received by startups in the recent years and the momentum is expected to continue for the next few years. Various venture capitalist firms such as Omnivore, Accel, Ankur Capital, Sequioa, Avishkaar, Lightbox among others have been heavily funding startups across all stages. The investment in the sector crosses USD 300 million during 2020, witnessing a CAGR of ~178% over the period 2014-2020. During 2020-2021, various startups such as Waycool, Ninjacart, Dehaat, Arya Collateral, Cropin and more received investments.

Increasing Rural Smartphone Penetration: Approximately 410 million new smartphone users are expected to be added to India’s current user base by 2025, with majority demand coming from rural areas. Factors such as accessibility in vernacular languages and demand for consumption of entertainment content through videos and audio are contributing to double digit year-on-year growth in rural smartphone users. This growth will lead to higher number of agriculture related apps being downloaded and in turn is expected to stimulate higher adoption of agritech solutions in future.

Geographical Expansion: Agritech start-ups are expected to expand their geographical presence to various states across India most initial pilot projects in few states. The move would enable platforms to increase their penetration & establish a stronger brand name in farming communities. Precision farming, advisory and analytics players are expected to also focus on international expansion.

Analysts at Ken Research in their latest publication India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech)observed that there has been a surge in the number of agritech startups in India in the last decade with factors such as growing smartphone & internet penetration in the rural areas positively impacting the industry’s growth. Technologies such as artificial intelligence, machine learning, IoT, geo tagging, satellite imagery, remote sensors, etc are being increasingly used to develop efficient solutions to solve the pain points of farmers. There has also been growing interest from venture capitals as well as international investors in the sector. The Agritech Industry in India is expected to grow at a CAGR of ~32% on the basis of revenue over the forecast period FY’2020-FY’2025.

india-agritech-market

India Agritech Market (Basis Revenue):-

India Agritech Market Segmentations

By Nature of Services, FY’2019-FY’2020 (On the basis of Revenue)

Input Market Linkage & Farming as a Service (FaaS)

Supply Chain, Post Harvest Management & Output Market Linkage

Precision Farming, Advisory & Analytics

Agri Fintech

By Region (On the basis of No. of Agritech Startups)

Karnataka

Maharashtra

Delhi NCR

Haryana

Tamil Nadu

Telangana

Gujarat

Others

Agritech Startups Covered:-

Input Market Linkage & Farming as a Service (FaaS)

Agrostar

Dehaat

Gramophone

EM3 Agriservices

Gold Farm

Bighaat

Thanos Technologies

Supply Chain, Post Harvest Management & Output Market Linkage

Samunnati Agro

Ninjacart

Waycool

Arya Collateral

Dehaat

Farmlink

Crofarm

Agrowave

Precision Farming, Advisory & Analytics

Cropin

Satsure Analytics

Intello Labs

FarmERP

AgNext

BharatAgri

Yuktix Technologies

Fasal

Agricx

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Agri Fintech

Samunnati Financial Intermediation & Services

Origo Finance

Ergos

Gramcover

Aryadhan Financial Solutions

Farmart

Jai Kisan

Poultry & Dairy Tech

Milk Mantra

Country Delight

Stellapps

Happy Cow Dairy

Eggoz

Mr. Milkman

Mooofarm

Key Target Audience:-

Agritech Companies

Input Manufacturing Companies

Venture Capital Firms

Independent Investors

Industry Associations

Rural Banks & NBFCs

Government and Regulatory Bodies

Time Period Captured in the Report:-

Historical Period: FY’2019-FY’2020

Forecast Period:  FY’2021-FY’2025

Key Topics Covered in the Report:-

Agriculture Overview, Agri Exports from India & Productivity Scenario

Demand Analysis, Farmers’ Scenario & Pain Points of Farmers

Need Analysis of Entities in Agribusiness Value Chain

Overview and Genesis of India Agritech Industry

Agritech Operating Model & Services Offered

Trends and Growth Drivers in the Industry and Challenges Faced

India Agritech Market Size and Segmentations, FY’2019-FY’2020

Investment Analysis of Agritech Industry

Government Initiatives, Agri Reform Laws 2020 & Public Private Partnerships

Industry Porter’s Five Forces Analysis

Cross Comparisons between Agritech Players in Different Segments

Future Market Size and Segmentations, FY’2020-FY’2025F

Covid-19 Impact on the Industry, Future Trends & the Way Forward

Analyst’s Recommendations

For more information on the research report, refer to below link:-

India Agritech Market

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