Future Outlook of Global Waste Water Management Market: Ken Research

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What Is The Size Of Global Waste Water Management Industry?

Global Waste Water Management market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027.

The Global Waste Water Management Market is largely driven by rising levels of urbanization & climate change consciousness and government initiatives. Also, growing Demand for sustainable Services are some other factors driving the market growth. As a result, the industry has grown due to consumers' increased preference for sustainable management of water.

Furthermore, the rising number of government initiatives is the main growth driver for the expansion of the global waste water management market Furthermore, the COVID-19 has created the need for proper waste disposal growth across the globe. The stringent travel restrictions and quarantine rules across the globe have adversely affected the waste water management market. The waste water management market registered around ~% lower revenue in 2020 as compared to 2019. However, the market is displaying a decent recovery post-severe COVID-19 pandemic outbreaks as the market revenue is surging by around ~% in 2021 as compared to 2020.

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Global Waste Water Management Market By Type Of Segment

The Global waste water management market is segmented by type of segment into chemicals, equipment, services.

The most popular segment is services market which is expected to witness a decent growth rate in the upcoming years.

Global Waste Water Management Market By Application Type

The Global waste water management market is segmented by application type into Industrial, Municipal, Food & Beverage, Petrochemical, Chemicals, Pharmaceuticals, Oil & Gas, Semi-conductor, others

Global Waste Water Market By Geography

The Global waste water management market is segmented by geography into Asia Pacific, Latin America, Europe, Middle East, Australia

Competition Scenario In Global Waste Water Treatment Market

The Global Waste Water treatment market is a highly competitive and diverse industry with many major players operating in the region. Here are some of the leading catering companies in the global Waste Water Treatment Market. Top players include including Dew, DuPont, Xylem amongst others. The market is largely driven by active inorganic growth strategies, innovative technologies & increasing investment scenario.

What Is The Expected Future Outlook For The Overall Global Waste Water Management Market?

The Global Waste Water Management market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19

Waves in the future. The Global Waste Water Management market is driven by rising pollution level & urbanization trends. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. Also, owing to the increasing demand from governments for sustainable technologies, the market is expected to witness tremendous growth in the upcoming years.

The rise in domestic and international industrialization across the globe is likely to witness major growth in the market. Along with rising urbanization across the globe and increase in industrialization levels is likely to witness significant growth for the market.

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Global Waste Water Management market

How the Indian Government is securing the future of the Agricultural Cold Storage Market in India?: Ken Research

 The agriculture sector in India has had consistent growth in production levels over time. This production level hasn't been matched appropriately in terms of food storage, which highlights the Indian Agricultural Cold Storage Industry's existing whitespace. Despite being an agricultural nation, India experiences significant food losses per year that range from INR 90,000 to INR 100,000 as a result of inadequate post-harvest management and a lack of adequate cold storage infrastructure.

The government has been developing numerous programs and giving grants to help, along with special preference to the states that are behind in terms of infrastructure, in an effort to foster development in the agricultural cold storage industry. Here is an overview of all those crucial steps taken by the government to level up the agricultural cold storage market in India.

1. Indian agricultural sector is growing due to favourable climatic and demographic conditions which is creating demand for cold storage facilities in the country

2. Setting up cold storage facilities could aid in development of food processing, packaging industries, coupled with increase in farmer’s income

3. Indian Government is actively taking initiatives to establish a robust cold chain infrastructure to enhance the farmers’ income by preventing supply chain losses

4. Multiple schemes are implemented on ground to accelerate investment in the cold storage sector

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5. Government is also offering support to Cold Storage Industry via Capital Investment Subsidy Scheme, Agricultural Marketing Infrastructure Scheme and Role of NCDC

6. The establishment of Mega Parks is expected to provide a boost to processing & cold storage services.

7. With support from the government and investors, the Indian Agricultural Cold Storage sector looks attractive in the long run

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India Agricultural Cold Storage Industry

 

3 Catalysts to Help the Used Car Sales to Touch Nearly 3 Mn Units By 2026 in South Korea; Will The Growth Sustain? Ken Research

 Covid-19 pandemic along with South Korean Government nearly 1 Tn Won ($1 Bn) plan to develop autonomous vehicle technologies led South Korea Used Car Market Basis Volume nearly 3 Mn units in 2021, as per findings released by Ken Research.

1. Impact on Used Car Sales in the country due to Covid-19: Is the growth sustainable?

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Multiple trends in the used cars industry were observed since the onset of Covid-19.  Both new and used car sales were witnessing negative growth rates in 2018 and 2019. The pandemic led to an increase in the sales of cars – both new and used, which led to positive growth rates in used car sales. Sales of used cars picked up from March as people were avoiding public transport. Consequently, buying second hand car was the most economical and safe option. The domestic production and sales rebounded in June by over 40% YoY to 175,000 units.

2. South Korea will spend nearly 1 Tn Won ($1 Bn) to develop autonomous vehicle technologies; Giving ample opportunities for the industry to grow.

South Korea will build related infrastructure with a goal of a commercial rollout of a Level 4 self-driving car by 2027 and spend nearly 1 Tn Won ($1 Bn) to develop autonomous vehicle technologies. The Korean government will finance 84 related projects in five areas: new vehicle convergence technology, new ICT convergence technology, new road traffic convergence technology, service creation, and the establishment of an industrial ecosystem.

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3. Social Media Platform is Widely Used for Used Car Sales as it Offers Free Ads for Dealers and Customers; Helping the Used Car Market GTV to Reach nearly 35 Tn Won.

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• Partnership with online platforms to supply used cars to customers. Online portals follow lead generation process, sellers list cars and company facilitate the overall transaction of acquiring the vehicle. Other Services include providing car valuation and quality checks.
• Car dealers use blogs to generate traffic to their website from search engine results pages. They often put-up educational content related to cars maintenance, help guides, knowledge material in order to create a brand presence.
• Unlike online portals and marketplaces, social media provides an opportunity to dealers to advertise their cars for free. This platform is also used by individuals involved in C2C Also, major dealerships use this platform to announce promotional offers and local events.

Global Stem Cell Banking Market is expected to reach a market size of ~US$ 15 billion by 2028: Ken Research

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What Is the Size of Global Stem Cell Banking Industry?

Global Stem Cell Banking market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028. The Stem Cell Banking Market is largely driven by rising prevalence of fatal chronic diseases such as cancer, cardiovascular disease, neurological disorders, immunological disorders, and other rare metabolic diseases.

High operational costs associated with stem cell banking, along with stringent regulatory frameworks, are impeding the growth of the stem cell banking market. The growing newborn population worldwide is another driving factor of the stem cell banking market.

The ongoing COVID-19 pandemic increases the morbidity of cord blood transplantation (CBT) recipients globally, but stem cell procedures were slowed in 2020 due to the lockdown imposed by several governments across countries to prevent the virus's spread, resulting in a decline in stem cell banking growth.

Global Stem Cell Banking Market By Source

The Global Stem Cell Banking market is segmented by Source into Placental Stem Cells (PSCS), Adipose Tissue-Derived Stem Cells (ADSCS), Bone Marrow-Derived Stem Cells (BMSCS), Human Embryo-Derived Stem Cells (HESCS), Dental Pulp-Derived Stem Cells (DPSCS) and Others. The Placental Stem Cells (PSCS) segment held the largest market share of the global stem cell banking market in 2022.

The growth is mainly attributed to the significant rise in the number of placental and cord banks, notably in the USA and Europe. According to the World Marrow Donor Association (WMDA), a Netherlands-based organization that promotes multilateral cooperation and best practices for the benefit of blood stem cell donors and transplant patients, nearly 8,04,193 cord blood units are currently available worldwide.

Global Stem Cell Banking Market By Service Type

The Global Stem Cell Banking market is segmented by Service type into Sample Collection and Transportation, Sample Preservation and Storage, Sample Analysis and Sample Processing. The Sample Preservation and Storage segment held the largest market share of the Global Stem Cell Banking Market in 2022.

Stem cell banks primarily store samples of human stem cells for potential future use in stem cell treatments, such as bone marrow transplantation (BMT), Peripheral blood stem cell transplant, and Cord blood transplant. The emergence of a growing number of stem cell banks across countries resulted in more stored stem cell samples, which are used in therapies and regenerative medicine in the long term.

Global Stem Cell Banking Market By Application

The Global Stem Cell Banking market is segmented by Application into Personalized Banking Application, Research Applications (Disease Treatment Studies, Life Science Research, Drug Discovery) and Clinical Application (Hematopoietic Disorders, Autoimmune Disorders, Others). The Personalized Banking Applications segment held the largest market share of the Global Stem Cell Banking Market in 2022.

The growth is primarily attributed to service providers' premium pricing of service plans and the benefits offered by personalized banking. The Research Application segment is expected to grow at the fastest CAGR during the forecasted period 2022-2028, owing to rising R&D expenditure in the biopharmaceutical industry and rising government initiatives on drug discovery.

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Global Stem Cell Banking Market By Cell Type

The Global Stem Cell Banking market is segmented by Cell type into Umbilical Cord Stem Cell, Adult Stem Cell and Embryonic Stem Cell. The Adult Stem Cells segment held the largest market share of the Global Stem Cell Banking Market in 2022, owing to their commonality of origin in the human body (bone marrow, and fat), where they mostly reside.

The growing global prevalence of cancer and blood-related diseases, such as leukemia, lymphoma, neuroblastoma, and multiple myeloma is driving demand for adult stem cells, which replace damaged cells caused by such diseases to decrease inflammation and fight infection. According to the American Cancer Society, a worldwide voluntary health organization dedicated to cancer eradication, nearly 60,650 new cases of leukemia is being discovered in the United States in 2022, with 24,000 deaths from the disease.

Global Stem Cell Banking Market By Geography

The Global Stem Cell Banking market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounted for the largest share of the Global Stem Cell Banking Market in 2022 and will remain dominant during the forecast period (2022-2028), owing to the increasing incidence rates of diseases, such as cancer, neurological disorders, and diabetes.

For instance, according to the American Cancer Society, cancer continues to be the second leading cause of death in the USA, after cardiovascular disease. In 2022, USA is expected to see 1.9 million new cancer cases and 609,360 cancer deaths, for a total of 1,670 deaths per day. The growing government initiatives and investments in stem cell therapies are contributing to the region's growth in stem cell banking. For instance, in March 2020, according to CTV News, a Canadian news platform, the Canadian government invested almost US$ 7 million in the Stem Cell Network's competitive research funding program.

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Competition Scenario In Global Stem Cell Banking Market

The Global Stem Cell Banking Market is highly competitive with ~100 players which include globally diversified players, several regional players as well as a significant number of country-niche players with their niche in pharma and diagnostics solutions, and technologies, such as molecular imaging technologies (optical molecular imaging, positron emission tomography, single-photon emission computed tomography, and computed tomography) to research disease mechanisms and evaluation of therapeutic interventions. Country-Niche players comprise about ~45% of the total competitors, while regional players represent a share of ~35%. Some of the major players in the market include CBR.

What is the Expected Future Outlook for the Overall Global Stem Cell Banking Market Across the globe?

The Global Stem Cell Banking market was valued at USD ~billion in 2022 and is anticipated to reach USD ~15 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Stem Cell Banking market is driven by rising prevalence of fatal chronic diseases such as cancer, cardiovascular disease, neurological disorders, immunological disorders, and other rare metabolic diseases. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Stem Cell Banking market is changing rapidly. For instance, In September 2021, Generate Life Sciences, a USA based biotechnology company, announced that over 10,000 families had enrolled in the Newborn Possibilities Program (NPP) provided by the company's newborn stem cell preservation bank, Cord Blood Registry (CBR).

In July 2021, ViaCord launched newborn digestive health screen tests for genetic markers of Celiac disease and primary lactose intolerance. The screen is to be performed with a small amount of the collected cord blood. The global stem cell banking market is forecasted to continue the exponential growth at ~12% during the forecast period. The major driving factor contributing to the rising prevalence of fatal chronic diseases, and the growing newborn population worldwide. Though the market is highly competitive with around ~100 participants, few country-niche players control the dominant share and regional players also hold a significant share.

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Global Stem Cell Banking Market

Fitness Industry poised to cross 500 Gym Establishments in Qatar by 2025- Exploring 3 growth drivers which will lead to success in the market Ken Research

 More than 70% of the population in Qatar is either overweight or obese and nearly half of all men (~45%) are obese, as per a report from Ken Research

1. People under the age group of 25-40 years suffering from lifestyle diseases have been the largest subscriber base, which avail fitness services in Qatar.

                       

Fitness industry participation rate in other countries

18-25 years, especially the working population invest 3-5 hours per week doing running, yoga and exercises at home to remain fit. 20-55 years population invest 5-10 hours per week doing rigorous exercises such as hiit, running, strength training and muscle building to get in shape. 55+ years population in qatar are usually inactive and invest 1-3 hours per week doing walking, yoga and meditation. The opportunity lies in the remaining 35% population who do not excersie or particpate in fitness activities.

2. Fitness Centers in Residential Compounds and Townships are fairly a new concept in Qatar- majority of the properties have no gyms or only one gym in the entire compound.

                  

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• Majority of the luxury apartments in Qatar provide a wide range of amenities such as Swimming Pools and Courts but having a fitness center in the compound is fairly a new concept for the real estate developers, owners or renters.
• Middle class working population along with non-working women/homemakers prefer to practice yoga, meditation and other exercises at home or in their compounds rather than going to a fitness center outside.
• Majority of the builders are expected to incorporate a clubhouse in the residential complexes providing free access to the fitness centers and motivating people to join

3. Demand for fitness centers in Qatar is mostly driven by Rising Obesity rates, Increased Women Participation and Increasing Corporate Tie-Ups with Fitness Centers- major growth drivers.

          

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• Qatar is among the top-ranked obese countries with a high obesity rate among its population. More than 70% of the population in Qatar is either overweight or obese and nearly half of all men (~45%) are obese.
• The rise in number of new service offerings by fitness clubs is targeting the desired weight & inch loss and body toning & firming thereby encouraging female population to join the clubs.
• Number of corporate houses has made tie-ups with fitness centers for providing fitness services to the employees at discounted prices. Higher demand has been observed among people for private training session and yoga session at their homes.

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With a CAGR of 7.3% between 2017 & 2021 Innovative Warehousing technologies are changing the warehousing ecosystem for good. Is it a feasible solution for long term growth? : Ken Research

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1. “Modern warehouse and storage facilities have been installed at businesses like Symaga, Maersk, Amazon, etc.’s warehouses in Egypt.

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Availability of modern warehousing facilities available in various parts of the country is one of the main factors contributing to the growth of warehousing market in Egypt. For instance, ‘The National Service Projects Organization’ is an addition to one of the largest storage projects in the world supplied by Symaga in 2015 with a total storage capacity of 70,000 tonnes. The facility will play a key role in logistics and storage within the Egyptian food safety strategy. Other such projects include ‘Maersk Warehouse facility in Ismailia’ & ‘Amazon warehouse in 10^th of Ramadan.’

2. Increased Automation due to rising Investment in Newer Technologies is driving the demand for Modern Warehouses in Egypt

Technology Trends in Egypt Logistics Market

Next generation supply chains in Egypt are utilizing robotics and automation to perform task such as picking, sorting, inspecting, handling to improve overall efficiency and speed to Market. Some warehouses are turning to autonomous vehicles to bring merchandise to sortation while Drones & RFID will be used for Inventory Management. The opportunities seem endless which will result in greater efficiency and productivity.

Rising Number of Internet Users to Help Philippines E-Commerce Logistics Market to Reach Almost PHP 600 Bn in terms of GMV in 2025. Will it be able to achieve it? Ken Research

 Philippines E-Commerce Retail Market recorded GMV of PHP 160 Bn in 2020. The country has a young, tech-savvy population (the average age is 25.7 years) that’s hungry for products and services.

1. Of the Total 109.5 Mn Population in the Philippines, 67% (73 Mn) are The Internet Users, the Second Largest in Southeast Asia.

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Expansion in Internet Services (over 70% internet penetration in 2020) coupled with increasing demand for online logistics services have collectively given a boost to development of E-commerce logistics industry in the Philippines. The number of internet users in the country has increased from 47.4 million 2015 to almost 73.0 million in 2020.​ Increasing usage of advanced mobile applications and banking solutions for the customers has made it easier for them to shop online, which further intensified the e-commerce logistics market in the Philippines. ​Moreover, faster deliveries and live tracking are the trends recently witnessed in the country for better and convenient deliveries. ​

2. The Yearly Income of the Average Filipino was Recorded It to be around $3,600 in 2017, Just Need an Extra around $240 to Get Upper-Middle Income Countries Status.

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Philippines has sustained average annual growth of around 6.3% from 2010 – 2018, up from an average of around 4.5% from 2000 - 2009 and is on its way to becoming an upper-middle income country in the near term. In addition to this, growing awareness among Filipino consumers about global brands as well as preferences for improved and latest fashion trends and technologies has heightened the demand.

3. Almost, 63% of the Total Internet Users in Philippines are Online Shoppers.

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109.5 Mn people in the country accounted for a young, tech-savvy group of Millennial & Gen Z consumers spending on an average 101 hours and two minutes every day using Internet, resulting in higher number of orders in 2020. The population density of the Philippines is high, but the distribution of the population is uneven. Parts of Metro Manila have a population density that is more than 100 times that of some outlying areas such as the mountainous area of northern Luzon. Moreover, companies are increasingly extending their reach in other provinces as well apart from Metro Manila i.e., Visayas and Mindanao​.

A jump of 12% was witnessed in the Budget Allocation towards infrastructural development in Philippines Medical education Market in 2020.Will the allocation propel growth in the market? :Ken Research

 The government of Philippines plans to improve the healthcare infrastructure by allocating $3.2 billion to the health sector in 2020, an increase of 12% from the budget for 2019, says a report by Ken Research

1.“An overview:” A higher concentration of private medical colleges in Philippines when compared to public colleges.

                

Recent Trends in Philippines Medical Education Market

Philippines has a shortage of medical doctors hence many initiatives are being taken by the government to increase the inclination of the students towards medical education. With regard to the above issue, a significant reduction in the cost of medical education was one of the step taken by the current president of the Philippines, Rodrigo Duterte as well as introduction of new public medical colleges are also being initiated in order to make medical education accessible & feasible for all classes of the society. Currently, the number of private medical colleges is more than the number of public medical colleges which is attracting private investment specifically from more private entities.

2.“A flexible curriculum:” Philippines has been a Great Environment to Accommodate Students especially International Aspirants

                    

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Philippines has shown a very welcoming environment for the foreign students. Clinical practice requires an intensive training program and hence a good communication can be helpful for both the patient and the doctor. Each university can mold it own curriculum based on the approved national schema. Since the country has a low doctor to patient ratio, it brings a great opportunity. Moreover, the issue of poor & underdeveloped healthcare system that was a major issue in the country has been take into consideration with Philippines Health Agenda 2016-22 that includes education for most students in rural areas. All in all, the market holds a flexible environment for international students.

3. The future of Philippines Medical Education holds massive opportunity in terms of profits & broadening of perspective.

                

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The Philippines government has already started taking into consideration the shortfalls in the system & various steps are being taken to make it more student & cost friendly. This can be ascertained by the fact that education budget captured the largest proportion of the 2020 budget, to the tune of PHP 690 Bn. It has been noticed that a whole of society approach is required in order to succeed in the transformative scale up of medical education. Moreover, the healthcare budget also saw a jump of 12% with benefits such as universal health coverage being introduced. All in all, the infrastructural development is expected to be an enabler for the medical education & healthcare system in Philippines.

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Global Sugar Confectionery Products Market is expected to reach approximately US$ 55 billion by 2028: Ken Research

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What Is the Size of Global Sugar Confectionery Industry?

Global Sugar Confectionery market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 55 Bn by 2028. The Sugar Confectionery Market is largely driven by rise in demand for on-the-go snacks, an increase in gifting trends, the introduction of new products with innovative flavors & healthy ingredients, and growth in the retail market.

One of the main causes of the need for convenience snacks as part of the daily diet is rising modernization and a busy combination of work and personal commitments. Due to their busy schedules, customers are forced to hunt for quick-to-prepare food items because they are unable to spend time cooking or dining out during their working hours.

Nowadays, as there are more consumers in the workplace, it is more difficult for them to maintain a healthy work-life balance. To provide consumers with a balanced diet, producers and marketers are actively profiting from the introduction and promotion of a variety of chocolate snacks, including on-the-go snacks, chocolate bars, and others. Strict government regulations to limit the market growth. Strict government regulations are anticipated to protect the quality of these items in nations including the USA, Germany, the UK, China, and India, which presents challenges for new market entrants. The hygienic standards for consumption are ensured by the established federal guidelines and rules which is putting pressure on the current organizations to match the standards.

Global Sugar Confectionery Market By Product Type

The Global Sugar Confectionery market is segmented by Product type into Gums, Jellies, Hard-Boiled Sweets, Caramel & Toffees, Mints, Medicated Confectionery and Others. The hard-boiled sweets segment held the largest market share in the global sugar confectionery products market in 2022.

From 2022 to 2028, the hard-boiled sweets segment will gain market share for sugar confectionery due to its increased appeal among children. This kind of candy is simple to make and comes in a shiny state. Some of the most popular hard-boiled candies include fruit drops, barley sugars, acid drops, hard gums, butterscotch, toffee, and caramel. Another element affecting the demand for the product is an increase in consumption to swiftly raise blood sugar levels.

Global Sugar Confectionery Market By Packaging Type

The Global Sugar Confectionery market is segmented by Packaging type into Sachet, Box and Others. The sachet segment held the largest share of the global sugar confectionery products market in 2022. Sachets are compact, portable packaging options that are easy to handle. Although sachet packets are manufactured of a variety of materials, they require less packaging material and storage space, which lowers the cost of transportation. Sachets have a three- or four-sided sealing and are flat in design.

Global Sugar Confectionery Market By Distribution Channel

The Global Sugar Confectionery market is segmented by Distribution channel into Hypermarket/Supermarket, Departmental Store, Confectionery Stores and Online Retails. The confectionery store distribution channel segment held the largest share of the global sugar confectionery products market in 2022.

For the purchase of consumer goods, groceries, confectionary items like chocolate, and other items where they can physically inspect the product quality, consumers are increasingly choosing confectionery stores. Furthermore, the segment's expansion is projected to be fueled by consumers' ease of access to and browsing of a variety of confectionery products in stores. The increased consumer demand for chocolate, cookies, and ice cream is also encouraging manufacturers to create new stores in malls, which will fuel the rise of the offline segment in the future years.

Global Sugar Confectionery Market By Geography

The Global Sugar Confectionery market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific accounted for the largest market share in 2021 within the total global sugar confectionery products market. Due to factors such as rising urbanization and the widespread availability of functional confectionary food and beverages, Asia-Pacific is expected to experience significant growth. Since the majority of Asian cuisine is healthy and nutritious, there is a high demand for low-calorie products like sugar-free confectionaries and low-carbohydrate foods in Asia Pacific countries like India and Japan.

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This demand is anticipated to be the main driver of the modest growth in the global confectionery market over the course of the forecast period. As a result of the health problems associated with a high-sugar diet, Asian countries are moving toward sugar-free confections. Two categories of sweeteners—sugar alcohols and artificial sweeteners—are frequently employed to create sugar-free chocolate and gums.

Competition Scenario In Global Sugar Confectionery Market

The Global Sugar Confectionery Products Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players.

Large global players constitute ~5%, while regional players hold a 30% share. Some of the major players in the market include Lotte Confectionery, Ferrero SpA, Perfetti Van Melle, The Hershey Company, Specialty Food Association, Inc., Nestlé S.A., The Kraft Heinz Company, Jelly Belly Candy Company, Lindt & Sprüngli AG, HARIBO of America, Inc., and others.

What is the Expected Future Outlook for the Overall Global Sugar Confectionery Market Across the globe?

The Global Sugar Confectionery market was valued at USD ~billion in 2022 and is anticipated to reach USD 55 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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The Global Sugar Confectionery market is driven by rise in demand for on-the-go snacks, an increase in gifting trends, the introduction of new products with innovative flavors & healthy ingredients, and growth in the retail market. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Sugar Confectionery market is changing rapidly. For instance, In February 2022, Lotte Confectionery increased local production of its well-known Choco Pie chocolate desserts across the nation by investing US$ 28.5 million in Lotte KF RUS, its Russian subsidiary.

In November 2022, Swedish confectionery expert Cloetta Global Travel Retail (GTR) plans to introduce a cutting-edge new product by 2032, Swedish confectionery expert Cloetta Global Travel Retail (GTR) plans to introduce a new product under its Red Band line. In November 2021, Lindt & Sprüngli is reaffirming its dedication to Switzerland as its home base by investing the capacity increase at its production site in Olten. The Lindt Cocoa Center, which produces cocoa mass for all of Lindt's production facilities in Europe, will be receiving an investment of almost 74 million Swiss francs by 2024.

The global sugar confectionery products market is forecasted to continue a gradual growth that is witnessed during the forecast period. The sugar confectionery market is in growth at a steady pace on account of the rise in demand for on-the-go snacks, the increase in gifting trends, the introduction of new products with innovative flavors & healthy ingredients, and the growth in the retail market. The market is highly competitive with ~500 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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Global Sugar Confectionery Products Market

Will ONDC Kill Duopoly of Swiggy-Zomato? Find out what the ONDC CEO T Koshy has to say about it: Ken Research

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Swiggy and Zomato reign supreme as the dominant players in India's online food delivery market, collectively commanding an impressive market share of around 50%. According to a Ken Research report, the journey of online food delivery market players in India began in 2006 with the pioneering ventures of "JustEat" and "FoodieBay."

Furthermore, companies like Foodpanda, Tiny Owl, Swiggy, and Uber Eats entered the market over time. But consolidation and successful exits from the market have resulted in only two players, Swiggy and Zomato sustaining in the industry. However, the player could not enjoy the leading position, tension-free for longer.

The arrival of ONDC has shaken up the top players in the Indian food delivery sector. Here is why?

ONDC (Open Network for Digital Commerce), backed by the Indian government allows restaurants to sell food directly to customers without the need for a third party and has been giving tough time to the private rivals, Swiggy and Zomato.

As per observations, ONDC has been growing rapidly over the last few weeks as daily retail orders that includes food and beverages and grocery segments have jumped over 100x from nearly 200 orders at the end of February. The hefty discount available on the platform is the key growth driver of the ONDC in the country. Its evidence is the screenshots uploaded by consumers on the internet that depicts the comparison of the food items available on Zomato/Swiggy and ONDC. An Mc Aloo Tikki Burger costs Rs 140 on Zomato/Swiggy and Rs 89 on ONDC, about 60 percent cheaper. The non-veg lovers will have to spend around Rs 398 for a Murgh Afghani Tikka Biryani on Zomato but only Rs 342 on ONDC.

Will the “discounting” strategy cut down the competition in the sector?

Presently, Swiggy or Zomato charges a commission of anywhere between 18% and 26% from restaurants whereas the ONDC platform partners charge only 2-6%. This is the key growth driver of the ONDC. But is the discounting policy here to stay?
Well, according to the CEO of ONDC T Koshy, discounting is just a short-term strategy to start the transaction but the ONDC will be driven by competition and fair practices, not unhealthy discounting in the coming years. This embarks the conversation of healthy competition in the industry. Also, it highlights the need for the market players to come up with strong customer-centric strategies in order to stay ahead of the competition.

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