Thursday, 27 February 2020

India Non Alcoholic Beverage Market Analysis & Trends - Industry Forecast to 2025 | TechSci Research


According to a recently released TechSci Research report, India Non-Alcoholic Beverage Market By Product Type, By Packaging Type, By Pack Size, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025, non-alcoholic beverage products market in India is projected to grow at a CAGR of over 14% during 2020E-2025F, especially on account of rising consumer preference for non-carbonated fruit juices. The consumption of carbonated soft drinks is expected to witness slower growth due to their high sugar content and increasing preference for healthier alternatives such as 100% natural juice. The market is witnessing a shift towards non-carbonated beverages due to rising concerns among young adults about their health, and the brand endorsement by popular film stars are expected to contribute to the growth of non-alcoholic beverage during the forecast period.

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"India Non-Alcoholic Beverage Market"
The distribution channel of non-alcoholic beverage market is categorized into modern departmental stores, traditional departmental stores, convenience stores, and online and other channels. Traditional departmental stores accounted for the majority share in India non-alcoholic beverage market in 2019, followed by modern departmental stores. However, during the forecast period, the share of traditional departmental stores is expected to decrease on account of increasing focus of companies to make their products reach modern departmental stores and convenience stores across the country. Urban areas remain the dominant consumption markets, however, deeper penetration in rural areas is expected to drive volume growth for large segments such as carbonated soft drinks and fruit juices.
In terms of region, the non-alcoholic beverage market in India was dominated by North India in 2019 on account of a greater number of customers who prefer cold drinks and fruit juices. The north and west regions are expected to remain the largest markets due to long summers and cultural love for food and beverages in both the regions. The east region faces challenges due to transportation and weather problems, while the south region is expected to grow on the back of consumption of healthy beverages among young population.

Major players operating in India non-alcoholic beverage market include Hindustan Coca-Cola Beverages Pvt Ltd., Varun Beverages Pvt Ltd. (Pepsico), Parle Agro Pvt. Ltd, Dabur India Ltd., Manpasand Beverages Ltd., etc. In 2019, Hindustan Coca-Cola Beverages Pvt Ltd.  held the largest market share in the country’s non-alcoholic beverage market, and the company is expected to continue its dominance through 2025. Leading players in India are focusing on expanding their beverage product portfolios to maintain sustainable growth in the market. The companies are also expanding their distribution reach by selling their bottling process businesses, for e.g., Varun Beverages Ltd acquired bottling rights from PepsiCo in 2014 for north region. PepsiCo collaborated with Varun Beverages to make its distribution footprint stronger in the north region, especially in states such as  Haryana, Himachal Pradesh, Uttarakhand and Uttar Pradesh.

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“India non-alcoholic beverage market is expected to grow at a steady pace due to the rising awareness regarding a healthy lifestyle, huge brands endorsements from famous film stars, and the growing popularity of juices and soft drinks. All in all, the market is going through a very dynamic phase and companies will no longer be able to rest on their laurels in the future, and that, consumers want to be surprised by innovative products that support their personal health planning. Adults and young adults are the primary buyers of non-alcoholic beverages, and they are also the target consumer segments for the major players operating in the market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
India Non-Alcoholic Beverage Market By Product Type, By Packaging Type, By Pack Size, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of India non-alcoholic beverages market and provides statistics and information on market structure, consumer behaviour and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in India non-alcoholic beverage market.

About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017

Tel: +1-646-360-1656


Tuesday, 4 February 2020

All Terrain Vehicles (ATV) Market to Cross $ 6 Billion by 2024


Increasing recreational off-roading activities, growing commercialization of ATVs and rising demand for high displacement engine ATVs to drive global all terrain vehicle market through 2024
According to TechSci Research report, “Global All Terrain Vehicle Market By Product Type, By Engine Displacement, By Application Type, By Region, Competition, Forecast & Opportunities, 2014 - 2024”, the global all terrain vehicle market is projected to reach $ 6.2 billion by 2024. Growth in the market can be attributed to rising popularity of off-roading activities and growing usage in agriculture across regions like Europe and North America. Moreover, technological advancements such as Bluetooth connectivity, GPS systems, etc, along with growing popularity of ATVs among youth is further pushing demand for such vehicles across the globe. Additionally, increasing demand from various sectors like agriculture, defence sector, etc., is expected to boost the sales of all terrain vehicles during forecast period, globally.
Key Players :Some of the major players operating in global all terrain vehicle market are Polaris Industries Inc., Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., BRP Inc., Arctic Cat Inc., Suzuki Motor Corporation, Kawasaki Heavy Industries, Ltd., Kwang Yang Motor Co, Ltd, and ZHEJIANG CFMOTO POWER CO.,LTD.
Browse 200 market data Figures and Tables spread through 256 Pages and an in-depth TOC on "Global All Terrain Vehicle Market"
Among product types, utility all terrain vehicle accounted for the largest share in global all-terrain vehicle market in 2018, backed by their versatile usage, high load carrying capacity, easy maintenance and economical pricing as compared to sports ATVs. Over the coming years, major global ATV manufacturers are anticipated to come up with a wide range of advanced and specifically designed all terrain vehicles to meet varying customer requirements. North America is the major demand generator of ATVs, owing to increasing number of ATV sports and racing tournaments, increasing usage in agriculture especially in poultry farming and growing off-roading activities in the region. Moreover, increasing use of all terrain vehicles in material transport, hunting as well as in forest and desert safari, etc., is further likely to fuel their demand in North America.
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“Growing use of ATVs in several applications such as sports, entertainment and agriculture coupled with increasing number of international brands and decline in component manufacturing cost is expected to boost the sales of all terrain vehicles across the globe over the coming years. Moreover, increasing focus of manufacturers to develop eco-friendly and advanced ATVs is further expected to act as a catalyst for the industry growth over the course of next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Global All Terrain Vehicle Market By Product Type, By Engine Displacement, By Application Type, By Region, Competition, Forecast & Opportunities, 2014 - 2024 has evaluated the future growth potential of all terrain vehicles market, globally, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by global all terrain vehicle market.

About TechSci Research
TechSci Research is a leading APAC market research firm publishing premium market research reports. Serving 700 APAC clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking APAC and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017

Tel: +1-646-360-1656


Monday, 3 February 2020

US Condom Market to Grow at 11% CAGR until 2023: TechSci Research


Increasing awareness regarding sexually transmitted diseases (STDs), government-run awareness programs, innovative technologies, and growing online platform to drive the United States condom market through 2023 


According to TechSci Research report, “United States Condom Market By Gender, By Packet Size, By Type, By Distribution Channel, Competition Forecast & Opportunities, 2013 – 2023, condom market in the United States is forecast to grow at a CAGR of around 11% through 2023. Originally promoted as a contraceptive to prevent unwanted pregnancies, condoms are being extensively used to prevent Sexually Transmitted Diseases (STDs), especially HIV, the virus that causes acquired immune deficiency syndrome (AIDS), Gonorrhea and Syphilis. Though there is high awareness regarding the usage of condoms to have a safe and secure intercourse, continuously increasing cases of Sexually Transmitted Diseases are expected to increase demand for condoms in the US over the course of next five years. To address the rising and varying consumer demand, condom manufacturers are offering various product variants such as dotted, ribbed, flavored and extra thin condoms as well as condoms in pack sizes of 3, 6, 10 or 20 pieces.

Browse 4 market data Tables and 29 Figures spread through 101 Pages and an in-depth TOC on"US Condom Market"

Northeast is anticipated to be the largest demand generating region for condoms in the United States during forecast period, as population residing in the region comparatively has higher intercourse frequency than the rest of the country. Moreover, companies are spending more on advertisement to create awareness in other regions regarding the usage of condom for protective sex. Demand for condoms among the male gender is expected to dominate the United States condom market in the coming years, due to higher availability of male condoms by well-established condom manufacturers.

Different NGOs have a tie-up with condom companies in the United States for distributing free condoms. The initiative is aimed at social welfare, as it helps in creating awareness about condoms. With installation of condom vending machines in the United States, condoms are easily available to the users. Marketing & advertisement activities play a major role in selling condom brands in the country. Brands like Trojan and Durex spend millions on their products’ advertisement. Sales of Trojan are high in the country, owing to the fact that the company spends a lot on its advertisements and consumer preference for products visible to them.  

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“As condoms available in the market vary considerably in texture, flavor and shape, companies are varying their product portfolio on size and focusing on making custom sized and line extension condoms. There are various government run programs distributing condoms to the young population and creating awareness among them to promote the condom usage during sexual intercourse. All these factors, in addition to growing concerns related to health issues, are anticipated to boost the United States condom market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
United States Condom Market By Gender, By Type, By Distribution Channel, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the United States condom market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the United States condom market.

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017

Tel: +1-646-360-1656


Algae Products Market Size, Share, Growth, Trend and Forecast by 2025 | TechSci Research


According to a recent Voice of Customer published by TechSci Research, Purity of the algae product emerged to be the most important factor considered while purchasing an algae product. Increasing demand from the health food sector, particularly from the manufacturers of health foods and supplements, rising demand from the pharmaceutical sector and the cosmetics sector for manufacturing therapeutic drugs and natural cosmetic products and the increasing application of algae products for generating biofuel is expected to drive the demand for algae products.


According to CIA factbook, globally, humans consume 11 billion tonnes of oil in fossil fuels. Crude oil reserves are expected to vanish by 2060. Algae can also be used to make several biofuels, including ethanol and biodiesel. As part of the photosynthesis process algae produce oil and can generate 15 times more oil per acre than other plants used for biofuels, such as corn and switchgrass.

Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on" Global Algae Products Market "

According to a TechSci Research report, “Global Algae Products Market Forecast and Opportunities, 2024”, The Global algae products market is projected to register a CAGR of over 7.20%, in value terms, during 2018-23. The growth in the demand of algae products is compelled by factors such as rising usage of algae products in the health food sector for producing natural nutrient supplements, posing as a promising substitute for animal based nutrition, rising application in the pharmaceutical sector for manufacturing antimicrobials, antivirals and anti-bacterial medicines, neuroprotective products, human therapeutic proteins, drugs for cancer treatment, pharmacology etc.

Corbion N.V., DSM N.V., E.I.D Parry India Limited, DIC Corporation, Algatechnologies Ltd., Cyanotech Corporation, Algatech International Sdn Bhd, Tianjin Norland Biotech Co., Ltd., BASF SE, Cellana Inc. etc are some of the leading players in the Global Algae products market in 2017 which are expected to remain dominant by the end of forecast period. In terms of region, North America has dominated the market with a share of over 29%, in terms of value, in 2018. The demand from the flourishing pharmaceutical sector and the energy sector is expected to significantly drive the demand for algae products in the region.

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Global algae products market can be broadly categorized based on source into microalgae and microalgae. The microalgae segment dominated the market in 2018 because high value proposition of algae products in the pharmaceutical sector, replacing several synthetically manufactured pharmaceutical products.

Algae are highly sensitive to change in environmental conditions, the production hubs for different types of algae are fragmented across the world. China, Japan, South Korea and other eastern countries are production hubs for Macroalgae and North America and South America are production hubs for microalgae. The market is highly fragmented in terms of number of players and the type of algae products they offer. Since different end use industries require different grades of algae, the manufacturers in the global algae products market should focus on a specific industry by developing a industry specific of strains of algae. The leaders of the market are microalgae products manufacturers majorly in the pharmaceutical and food and beverage industry.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Algae Products Market Forecast and Opportunities, 2023” has evaluated the future growth potential of Global algae products market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the Global algae products market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017

Tel: +1-646-360-1656


Global Footwear Market Growth 2026 – Athletic Footwear Vs Non-Athletic Footwear

Footwear Market   is expected to grow at a steady CAGR during the forecast period. Growing requirement for footwears that are more comfortab...