Expansion of E-commerce industry and Need for Last Mile Delivery Expected to Grow Express Delivery Market in Philippines: Ken Research

Filipino Express delivery market has witnessed a tremendous growth over past few years due to the infrastructural growth and development in the country which has complemented the express delivery market in the country with an escalated preference of business and consumers to transport goods in shorter amount of time. Express delivery in the Philippines has been utilized for a number of goods which include documents, financial products, electronics and several others. Due to the quick service capabilities, the demand for express services has emerged majorly in the business to business segment.  The express delivery market had increased at a CAGR of over 10% during 2010-15.

According to the research report, the Philippines express delivery market will grow at a considerable CAGR rate thus reaching USD 915.0 million by 2020. Expansion in the e-commerce market and the increase in preference of business and consumers to transport goods in shorter amount of time will derive the express market in future.

“The Express delivery companies should focus on implementation of an advanced automation system which will enhance user experience, reduce the delivery time and will also remove unnecessary bottle necks and human effort in the logistics cycle” according to the Research Analyst, Ken Research.

Companies such as LBC Express, PHL Post, 2GO and Air 21 have been few of the prominent names in the domestic express delivery market. The competition amongst the players has been majorly limited due to the presence of major player who have dominated the industry due to the development of high brand value and a sense of security amongst the Filipinos

The potential of Philippines to become the most important gateway in the Asian continent has been a lucrative opportunity for logistics companies and has led to their inception in the early years of this industry.

The latest publication on Philippines Logistics Market Outlook to 2020 –Driven by Customized Logistics, E-commerce Activities and Changes in Freight Forwardingprovides insightful analysis of the logistic market in Philippines. The report covers various aspects such as value chain, business model, transaction volume, cargo weight handled, revenue generated by Logistic market, Express delivery market, third party logistics, E-commerce logistic, Filipino Freight Forwarding and Balikbayan Box Market. The report provides segmentation by road freight, sea freight, warehousing, air freight and value added services; by B2B and B2C clients; cold chain logistics; and by international and domestic express delivery market. The provides market share and competitive landscape of major players operating in Third Party Logistic, Express delivery logistic, Air Freight logistic, Sea freight logistic market of Philippines. The report will aid domestic and International logistics players, government, airline companies, third party logistics players and other stakeholders to align their market centric strategies according to ongoing and expected trends in the logistics industry.

Key Topics Covered in the Report:

  • Philippines logistics Market Size
  • Market Segmentation by
    • Philippines Logistics and Forwarding Market Segmentation
    • By Type of Service
    • By B2B and B2C Clients
  • Philippines Warehousing and Value Added Services Market
  • Market size of Warehousing market
  • Value Added Services Market
  • Philippines Cargo Handling Size
  • Philippines E-commerce Logistics Market
  • Philippines Third Party Logistics Market
  • Logistics and Forwarding Market Entry Barriers
  • Filipino Freight Forwarding Market
  • Market Segmentation by
    • by Seasonal Demand
  • Balikbayan Market Future Outlook and Projections
  • Market Share of Major Players in Domestic Air Freight Forwarding Market
  • Market Share of Major Players in International Air Freight Forwarding
  • Market Share of Major Players in Sea Freight Forwarding Market
  • Philippines Balikbayan Box Market Introduction
  • Market Segmentation by
    • Road Freight, Sea Freight and Air freight

Balikbayan Market Future Outlook and Projections

  • Philippines Express Delivery Market
  • Value Chain Analysis of Philippines Express Delivery Market
  • Market segmentation
    • By Road and Air Express
    • By International and Domestic Express
  • Express Delivery Market Barriers to Entry
  • IT Systems Architecture in Express Delivery market
  • Domestic Express Delivery Market
  • International Express Delivery Market
  • Philippines Express Delivery Market Future Outlook and Projections
  • Market Drivers and Trends
  • Philippines Logistics Market Future Outlook and Projections
  • Analyst Recommendation
  • Macro Economic Analysis
  • Infrastructure

Companies Covered in the Report

Domestic Express Delivery players

LBC Express

Philippines Postal Corporation

JRS Express

Airfreight 2100 Inc

2 GO Express

International Express Delivery Players





Domestic Airfreight Players

2Go Express Inc.

Cargo Padala Express Forwarding Service Corp

Wide Wide World Express, Inc.

JRS Business Corporation

AA! Worldwide Logistics

Vintel Logistics Inc

International Airfreight Players

Nippon Express Philippines, Inc

Yusen Logistics Philippines, Inc.

Trans-global Consolidators, Inc.

Kintetsu World Express Philippines, Inc.

Panalpina World Transport (Philippines), Inc

Schenker Philippines, Inc.

Kuenhe & Nagel, Inc.

UPS-Delbros Transport, Inc.

Expeditors Philippines, Inc.

source : https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-report-2020-version/7988-100.html

Related Reports:

India Logistics and Warehousing Industry Outlook To 2019 – Driven By E-Commerce Logistics And Make In India Initiative

UAE Logistics Market Outlook To 2019 – Driven By Infrastructural Investment And Expanding Foreign Trade

Romania Logistics, Warehousing And Postal Services Market Outlook To 2018 – Rising Intermodal Logistics Service To Drive The Future

Ken Research
Ankur Gupta, Head Marketing & Communications

The Telemedicine Market in the US is Projected to Register CAGR of 32% in Next Five Years: Ken Research

Increasing Cost of Healthcare Procedures across Various Hospitals and Clinics to Drive Telemedicine Market in the US.

ImageThe deployment of telemedicine services has significantly improved the healthcare service industry in the US, majorly driven by various technological innovations in the field of medical equipments and services. Additionally, the consistent rise in the demand for high quality healthcare services coupled with increasing prevalence of chronic diseases in the country have also augmented the need for telemedicine services. In light of the growing scope of treatments through telemedicine approach, various hospitals as well as in-home healthcare services have taken a step forward towards telemedicine market in the recent years.

The companies in the telemedicine sector will need to rely on bundling and technical innovation to increase revenues in the near future. It has been anticipated that the rising technical innovations in telemedicine and disease management could result in augmenting the penetration of telemedicine in the US households. There are a number of keys challenges which could be faced by the telemedicine industry. Reimbursement and software licensing approval are the major challenges posed by this industry, which could block physicians’ participation in the telemedicine marketplace. In the upcoming years, government authorities are expected to minimize these challenges in the telemedicine market such as Medicare and Medicaid restrictions, originating telemedicine site requirements, inconsistent reimbursement and physician licensure.

In order to cater to the mouting demand of telemedicine services, the telemedicine hardware manufacturers such as AMD Telemedicine, Medtronik and others have been working in collaboration with numerous telemedicine software providers in the country such as VSEE, Vidyo, Polycom, Cardiocom and others. The market for telemedicine technology, companies offer videoconferencing equipment and store-and-forward units along with the telemedicine software installed in the telemedicine cart. The store and forward units are largely used for radiological and pathological medical applications.

“The increasing health awareness, inclining disposable incomes, improving healthcare infrastructure and introduction of new technologies will increase the penetration of telemedicine solutions in the US”, according to the Research Analyst, Ken Research.

The report titled “The US Telemedicine Market Outlook to 2018” provides detailed overview of the telemedicine market in the US and helps the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, healthcare experts, telemedicine vendors and suppliers and other stakeholders align their market centric strategies according to ongoing and expected trends in future.

Key Topics Covered in the Report:

  • The market size of the global telemedicine market, the US telemedicine market, the US remote patient monitoring market, global mHealth market and the US mHealth market.
  • Market segmentation of global telemedicine market on the basis of telehome and telehospital segments, market segmentation of the US telemedicine market by telehome and telehospital market, by synchronous and asynchronous methods, by telemedicine applications in various diseases and disorders, by telemedicine technology and services.
  • Market segmentation of the US mHealth market by end user (doctors and patients), by hardware software and services.
  • Trends and Developments in the US telemedicine market
  • Competitive landscape profiles of the major players of the US telemedicine market and company details of various telemedicine vendors in the US.
  • Future outlook and projections of the US telemedicine market.


Browse report with TOC- http://www.kenresearch.com/healthcare/medical-devices-and-equipments/us-telemedicine-market-research-report/531-91.html

Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com

India Mobile Games, Video Games and Online Gaming Industry Research Report: Ken Research

India Video Games Market Outlook to 2018 – Rising Popularity of Mobile and Online Games to Lead Growth provides a comprehensive analysis of the various aspects such as market size of the India video game industry, video games hardware and software, online games and mobile games market. The report also covers the market shares of the major hardware manufacturers in India as well as the revenues of major players in the software development space.

ImageVideo game industry in India, which is majorly driven by retail sales of software and hardware, had registered revenues of INR ~ million in FY’2013. Each segment in the video game industry is subjected to a gamut of different factors such as price cuts and number of units sold that play an important role in determining their respective revenues. The video game industry in the India has grown at a CAGR of 34.5% from INR ~ million in FY’2008 to INR ~ million in FY’2013.

The revenues of the video game software market which is majorly influenced by the hardware installed base, has transformed immensely over the last decade. The demand of video games for PCs has been majorly driving the software market revenues in India since FY’2008. The percentage share of PC gamers in India was ~% in FY’2013, thus contributing a noteworthy share to the overall video games software market in India.

The two major players in the video game hardware market in India are Sony and Microsoft. Sony’s PlayStation dominated the video games hardware market in terms of total installed base in India which stood at INR ~ million in FY’2013. Microsoft’s Xbox 360 was the second largest selling seventh generation console in India video games hardware market with ~% market share and a total installed base of 215 million in India in FY’2013.

The growing penetration of the smart phones has contributed significantly to the growth of mobile games in India. The mobile games market was valued at INR ~ million for FY’2013, growing from INR ~ million in FY’2008. This growth was supported by a multitude of factors such as growing influence of tablets and escalating mobile subscriber base, which has given people an exposure to mobile games.

India online games market, valued at INR ~ million in FY’2013, has grown immensely from INR ~ million in FY’2008. The market has received great impetus in the past few years, owing to the growing penetration of internet and broadband in various parts of the country. Rise in the usage of social networking for games has proven to be a boon for India video gaming population, thus driving the online games market considerably since FY’2008.

The market for video games in India has been changing at a rapid rate. Technological advancements and gaming diffusion across ages as well as competitive pressures have been significantly changing the market. Revenues from the video game industry in India are expected to expand to INR ~ million in FY’2018, growing with a CAGR of ~% from FY’2013 to FY’2018.


1.         India Video Games Industry Introduction

1.1.      India Video Games Industry Value Chain

1.2.      India Video Games Industry Production Process

2.         India Video Games Industry Size by Revenues, FY’2008-FY’2013

3.         Profile of Gamers in India

4.         India Video Games Industry Business Models

4.1.      Subscription Based Pricing Model

4.2.      Advertising Based Pricing Model

5.         India Video Game Market Segmentation

5.1.      By Hardware, Software, Mobile Gaming and Online Gaming, FY’2008-FY’2013

6.         India Video Games Hardware Market Introduction

6.1.      India Video Game Hardware Market Size, FY’2008-FY’2013

6.2.      India Video Game Hardware Market Segmentation

6.2.1.   By Handheld and Static Video Game Consoles, FY’2013

6.2.2.   By Distribution, FY’2013

6.3.      Product Shares of Major Players in India Video Game Hardware Market, FY’2013

6.4.      India Video Game Hardware Market Trends and Developments

6.5.      India Video Game Hardware Market Future Outlook and Projections, FY’2014-FY’2018

7.         India Video Games Software Market Introduction

7.1.      India Video Games Software Market Value Chain

7.2.      India Video Game Software Market Size, FY’2008-FY’2013

7.3.      India Video Game Software Market Segmentation

7.3.1.   By Games for Handheld Video Game Consoles, Games for Pc and Games for Static Video Games Consoles, FY ’2013

7.3.2.   By Gaming Genre, FY’2013

7.3.3.   By Distribution, FY’2013

7.4.      Product Shares of Major Players in India Video Game Software Market, FY’2013

7.5.      India Video Game Software Market Trends and Developments

7.6.      India Video Game Software Market Future Outlook and Projections, FY’2014-FY’2018

8.         Company Profiles

8.1.      Sony

8.1.1.   Business Overview

8.1.2.   Business Strategies

8.2.      Microsoft

8.2.1.   Business Overview            Business Divisions

Windows & Windows Live Division

Server and Tools

Online Services Division

Microsoft Business Division

Entertainment and Devices Division

8.2.2.   Financial Performance, FY’2012-FY’2013

8.2.3.   Business Strategies

8.3.      Nintendo

8.3.1.   Business Overview

8.3.2.   Business Strategies

9.         India Mobile Game Market Introduction

9.1.      India Mobile Games Market Revenue Models

In App Advertising Model

Freemium Model

Pay per Download Model

9.2.      India Mobile Game Market Size, FY’2008-FY’2013

9.3.      India Mobile Games Market Segmentation

9.3.1.   By In App Advertising and Paid Downloads, FY’2013

9.4.      India Mobile Games Market Trends and Developments

9.5.      India Mobile Games Market Future Outlook and Projections, FY ’2014-FY ’2018

10.       India Online Games Market Introduction

10.1.    India Online Game Market Size, FY’2008-FY’2013

10.1.1. India Massively Multiplayer Online Gaming Market

10.1.2. India Social Gaming Market

10.1.3. India Casual Gaming Market

10.2.    India Online Games Market Trends and Developments

10.3.    India Online Games Market Future Outlook and Projections, FY ’2014-FY ’2018

11.       India Video Games Industry Growth Drivers and Restraints

11.1.    Drivers

11.2.    Challenges

12.       India Video Games Industry Trends and Developments

13.       India Video Games Industry Future Outlook and Projections, FY ’2014-FY ’2018

Market Share of the Eighth Generation Consoles, FY’2015

13.1.    Cause and Effects Relationship Analysis between Industry Factors and India Video Games Market

14.       Macroeconomic Variables Affecting India Video Games Industry

14.1.    Smartphone Shipments in India, FY’2009-FY’2018

14.2.    Personal Disposable Income, FY’2008-FY’2018

14.3.    Broadband Subscribers in India, FY’2008-FY’2018

14.4.    Urban Population in India, FY’2008-FY’2018

14.5.    Installed Base of Personal Computers in India, FY’2008-FY’2018

15.       Appendix

15.1.    Market Definition

15.2.    Abbreviations

15.3.    Research Methodology

Data Collection Methods


Variables (Dependent and Independent)

Final Conclusion

15.4.    Disclaimer


Figure 1: India Video Games Industry Value Chain

Figure 2: India Video Games Industry Production Process

Figure 3: India Video Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 4: Distribution of Video Game Playing Population in India in terms of Percentage, FY’2013

Figure 5: Gaming Revenue Models

Figure 6: India Video Games Market Segmentation by Hardware, Software, Mobile gaming and Online gaming on the Basis of Revenues in Percentage, FY’2008-FY’2013

Figure 7: India Video Games Hardware Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 8: India Video Games Hardware Market Segmentation by Static and Handheld Video Game Consoles on the Basis of Total Installed Base in Percentage, FY’2013

Figure 9: Product Shares of Major Console Brands in India Video Games Hardware Market on the basis of Total Installed Base in India in Percentage, FY’2013

Figure 10: India Video Games Hardware Market Future Projections on the Basis of Revenues in INR Million, FY’2014-FY’2018

Figure 11: India Video Games Software Market Value Chain

Figure 12: India Video Games Software Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 13: India Video Games Software Market Segmentation by Types of Devices on the Basis of Total Installed Base in Percentage, FY’2013

Figure 14: India Video Games Software Market Segmentation by Distribution in Percentage, FY’2013

Figure 15: India Video Games Software Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 16: Global Shipments of Xbox 360 Consoles in Million, FY’2012-FY’2013

Figure 17: The India Mobile Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 18: India Mobile Games Market Segmentation by In-app Advertizing and Purchase of Mobile Games on the Basis of Revenue Contribution in Percentage, FY’2013

Figure 19: Smart Phone OS Market Share for Gaming, FY’2013

Figure 20: India Mobile Games Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 21: The India Online Games Market Size on the Basis of Revenues in INR Million, FY’2008-FY’2013

Figure 22: India Casual Gaming Market Size on the Basis of Number of Casual Gamers in Million, FY’2010-FY’2013

Figure 23: India Casual Gaming Market Segmentation by Mobile Gamers, PC Online Gamers and Console Gamers on the Basis of Number of Casual Gamers in Percentage, FY’2010-FY’2013

Figure 24: India Online Games Market Future Projections on the Basis of Revenues, FY’2014-FY’2018

Figure 25: India Video Games Industry Future Projections on the Basis of Revenues in INR Million, FY’2014-FY’2018

Figure 26: Estimated Market Share of Eighth Generation Consoles in the Indian Video Game Hardware Market on the Basis of Revenues in FY’2015

Figure 27: Smart Phone Shipments in India in Million, FY’2009-FY’2018

Figure 28: India Personal Disposable Income in INR Million, FY’2008-FY’2018

Figure 29: Broadband Subscribers in India in Million, FY’2008-FY’2018

Figure 30: Urban Population in India, FY’2008-FY’2018

Figure 31: Installed Base of PC in India in Million, FY’2008-FY’2018


Browse & Download Report with TOC- http://www.kenresearch.com/media-and-entertainment/gaming-and-recreation/india-video-games-market-research-report/529-94.html

Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com

Trends & Development in China Cooking Oil Market – Market Report

China Cooking Oil Market Prospects to 2018 – Upgrading Agro-Economic System to Forerun Market presents a comprehensive analysis of the industry covering aspects including market size by volume sales, value and market segmentation by production, supply, consumption, retail sales of cooking oil. Additionally, market dynamics of soybean, rapeseed, peanut, cottonseed, sunflower seed, palm and coconut oil is covered extensively. The report also entails a detailed description on the recent trends and developments, imports &exports, persistent challenges in the market and the competitive scenario of major players in the industry along with their brand wise market shares.

ImageGlobally, China is the world’s largest consumer of oilseeds and cooking oil. China cooking oil market has been affected by surging demand, government legislations and regulations, predominant challenges pertaining to agricultural practices and consumption, transition to increasing urbanization, price trends and distribution network. The market has registered a CAGR of 5.1% during the period MY’2009-MY’2013 by rising supply of cooking oils from ~ thousand tons in MY’2009 to ~ thousand tons in MY’2013. Soybean oil accounted for ~% of the total production output followed by rapeseed and peanut oil with 24.8% and ~% of the total crushed oilseeds respectively. During the period MY’2010 to MY’2013 the overall consumer expenditure on cooking oil has swelled at a CAGR of ~%, thereby heaving to total revenues of USD ~billion during this period.

China is one of the world’s largest importers of oilseeds and cooking oil. The country imported ~ thousand tons of oilseeds while ~ thousand tons of cooking oil in MY’2013. The export of oilseeds in China was already at a very low level. Additionally the exports to other countries has dropped down at a plummeting CAGR of ~% during the period MY’2009-MY’2013. The government of China aspires to develop environmentally friendly market for sustainable palm oil. Moreover, to stimulate lagging production of major oilseeds such as soybean, the government executed a soybean oilseed production support program.

China cooking oil market is concentrated with only a few major players operating majority of the business space. Wilmar International is the leading company operating in China cooking oil market. China National Cereals, Oils and Foodstuffs Corporation (COFCO) and Shandong Luhua Group are other dominant companies which produce and distribute edible oils in China. The top 5 brands make up nearly ~% of the total sales in the year 2013. Jinlongyu brand is the most popular cooking oil brand which has accounted for approximately ~% of the total market share on the basis of retail sales in China in the year 2013. The flagship brand of Shandong Luhua Group is known for its premium quality has eventually captured ~% of the cooking oil market in China in 2013.

China cooking oil market is estimated to witness ~ thousand tons of consumption of cooking oil in MY’2018. The future of China cooking oil market is expected to be favorable on account of continuing government support to enhance production and decrease adulteration; anticipated use of better and adequate production tools, enhanced agronomic practices followed with substantial improvement in technology resources and input quality. The cooking oil market in China is augmented to grow at a minimal yet increasing CAGR of ~% during the forecast period MY’2013-MY’2018.

Key Topics Covered in the Report:

  • The market size of China cooking oil market in terms of volume production, supply, consumption and value in the last 4 years (MY’2009-MY’2013)
  • China cooking oil market segmentation by production, supply, consumption and retail sales of different types of cooking oils (MY’2009-MY’2013)
  • China cooking oil market segmentation by soybean, rapeseed, peanut, cottonseed, sunflower seed, palm and coconut oil market dynamics (MY’2009-MY’2013)
  • Trends and developments with details on enforced government legislations and comparison of different types of oil in cooking oil market in China
  • Pricing trends of soybean, rapeseed and palm oil in China (MY’2010-MY’2013)
  • China cooking oil market import & export scenario (MY’2009-MY’2013)
  • Challenges involved in cooking oil market
  • Market share of major players by brands in China cooking oil market (2013)
  • Competitive landscape and company profiles with global operations and financial performance of the major cooking oil companies operating in China cooking oil market (Wilmar International, COFCO, Shandong Luhua Group and others)
  • Future projections and macro economic factors of China cooking oil market.


Table of Contents

1.China Cooking Oil Market Introduction

China Across the Globe

1.1.Types of Cooking Oil used in China

1.2.China Cooking Oil Industry Value Chain in Context to Technological Processing

2.China Cooking Oil Market Size

2.1.By Volume, MY’2009-MY’2013

2.2.By Value, MY’2010-MY’2013

3.China Cooking Oil Market Segmentation

3.1.By Production, Supply, Consumption and Retail Sales of Different Types of Cooking Oils, MY’2009-MY’2013

3.1.1.By Production, MY’2009-MY’2013

3.1.2.By Total Supply, MY’2009-MY’2013

3.1.3.By Domestic Consumption, MY’2009-MY’2013

3.1.4.By Retail Sales Value of Major Cooking Oils, MY’2010-MY’2013

3.2.China Soybean Oil Market Dynamics

3.2.1.Market Supply & Consumption of Soybean Oil, MY’2009-MY’2013

3.3.China Rapeseed Oil Market Dynamics

3.3.1.Market Supply & Consumption of Rapeseed Oil, MY’2009-MY’2013

3.4.China Palm Oil Market Dynamics

3.4.1.Market Supply & Consumption of Palm Oil, MY’2009-MY’2013

3.5.China Peanut Oil Market Dynamics

3.5.1.Market Supply & Consumption, MY’2009-MY’2013

3.6.China Cottonseed Oil Market Dynamics

3.6.1.Market Supply & Consumption, MY’2009-MY’2013

3.7.China Sunflower Seed Oil Market Dynamics

3.7.1.Market Supply & Consumption of Sunflower Seed Oil, MY’2009-MY’2013

3.8.China Coconut Oil Market Dynamics

3.8.1.Market Supply & Consumption of Coconut Oil, MY’2009-MY’2013

4.Trends & Development in China Cooking Oil Market

4.1.Price Trends of China Cooking Oil Market, MY’2010-MY’2013

4.2.Legislations Enforced in China Cooking Oil Market

4.3.Comparison of Different Types of Oil by Fatty Acid Composition

From Inexpensive & Unhealthy to Standard Healthy Oil (such as Olive Oil)

5.China Cooking Oil Market Import & Export Scenario, MY’2009-MY’2013

6.Challenges Involved in Cooking Oil Market

Increasing Adulteration of Cooking Oil

Immediate Need for Sustainable Palm Oil

7.Market Share of the Major Brands in China Cooking Oil Market, 2013

8.Company Profiles of the Major Players in China Cooking Oil Market

8.1.Wilmar International

8.1.1.Company Overview

8.1.2.Operations & Cooking Oil Business in China

8.2.China National Cereals, Oils and Foodstuffs Corporation (COFCO)

8.2.1.Company Overview

8.2.2.Operations & Cooking Oil Business in China

8.3.Other Players in China Cooking Oil Market

9.China Cooking Oil Market Future Outlook & Projections, MY’2014- MY’2018

9.1.Cause and Effect Relationship in China Cooking Oil Market

10.Macro Economic Factors for the China Cooking Oil Market

10.1.Population in China, 2007-2018

10.2.Gross Domestic Product (GDP) in China, 2007-2018

10.3.Personal Disposable Income (PDI) Per Capita in China, 2007-2018

10.4.Vegetable Oil Consumption Per Capita in China, MY’2009-MY’2018

10.5.Harvested Area of Oilseeds in China, MY’2009- MY’2018


11.1.Market Definitions


11.3.Research Methodology

Data Collection Methods


Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion



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Contact Person-  Ankur Gupta

Contact Email Id-  ankur@kenresearch.com

Life Insurance Sector Dominate Peru Insurance Industry: Ken Research

Ken Research has announced publication titled, “Life Insurance in Peru, Key Trends and Opportunities to 2020” which provides in-depth market analysis, information and insights into the Peruvian life insurance segment and a detailed outlook by product category for the Peruvian life insurance segment, and a comparison of the Peruvian insurance industry with its regional counterparts.

This report provides a comprehensive analysis of the life insurance segment in Peru and well assesses the competitive dynamics in the life insurance segment identifying the growth opportunities and market dynamics especially in key product range.

It details the key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period and forecast period that offer a significant analysis of the key categories in the Peruvian life insurance segment, and market forecasts to 2020. It helps in comprehending the demand-side dynamics, by profiling the top life insurance companies in Peru and outlining the key regulations affecting them, key market trends, and growth opportunities in the Peruvian life insurance segment.

The life insurance segment was the largest in Peru insurance industry. Peruvian consumers favored simple, savings-oriented life insurance products with more protection choices and as a result the pension and individual life products were leading life insurance product categories particularly during 2012.

Direct marketing was one of the superior distribution channels for life products in Peru. In August 2014, the SBS made a compulsion for all independent workers under the age of 40 to contribute to the private pension system for making the need of life insurance and related policies felt.

Life insurance became the largest segment in Peruvian insurance that accounted for 47.9% of the industry’s gross written premium and Insurance penetration in the life segment was 0.9% in 2015.

The Peruvian life segment was stabilized, with the 10 leading companies accounting for 99.0% of the segment’s direct written premium in 2015. The opportunities for year 2020 can be predicted well, although their accuracy at the real time cannot be predicted, but for sure opportunities are guaranteed since the insurance policy related regulations are changing and improving and this segment of insurance carries a significant proportion of the insurance sector.

Key Factors Considered in the Report

Global Life insurance industry

Non-life insurance industry

Peru life insurance market research

Life insurance sector trends Peru

Peru life insurance regulations

Life insurance companies Peru

Peru Insurance Gross Written premium

For more coverage click on the link below:


Related links:



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications


Rising Number of Vegetarians a Threat to Meat Industry in Italy: Ken Research

Ken research announced its recent allotment on ” Consumer and Market Insights: Meat in Italy

It provides an overview of the market, analysing market data, demographic consumption patterns within the category, and the key consumer trends driving consumption. The report highlights innovative new product development that effectively targets the most pertinent consumer need states, and offers strategic recommendations to capitalize on evolving consumer landscapes. It will highlight the key demographic groups driving consumption, and what motivates their consumption. When combined with an in-depth study of market and category dynamics, readers are able to identify key opportunities. It outlays ways to tackle them aswell. The report uses a unique method of quantifying consumer trends to highlight the degree of influence they have on consumption within the category. The report also identifies the most important trends within the market and shows whether beliefs over what influences consumer behaviour within the category are accurate. This report brings together consumer analysis and market data to provide actionable insight into the behaviour of Italian Meat consumers. This is based on Canadean’s unique consumer data, developed from extensive consumption surveys and consumer group tracking, which quantifies the influence of 20 consumption motivations in the Meat sector. Category, brand, and packaging dynamics are also examined. This allows product and marketing strategies to be better aligned with the leading trends in the market.

The Italian meat production has a long history and tradition and its weight within the national agriculture gross domestic product (GDP) is around one quarter percent. Italy is not self-sufficient for the meat production and the import of meat and live animals represents two of the main negative voices of the agricultural deficit of the country. There are various types of meat available in Italy:

The customer discernment

In the recent years, the Italian consumers have shown an increased lack of confidence toward the consumption of meat products and particularly towards the meat.

  • The new food habits of the young generations
  • The negative impact of the food scandals involving meat products;
  • The progressive decline of the organoleptic traits of the meat.

As in many other North European Countries, Italy is showing a continuous increase in the number of vegetarians particularly among the young generations. Support to this trend comes by the progressive concern of the people about the animal rights and the rearing conditions of the farm animals which has led to the issue of several EU regulations in the matter of animal welfare. Food scandals like the BSE or the dioxin-contaminated poultry in Belgium have created a negative shadow on the safety and genuineness of meat products. In April 2000, the Italian Institute of Food Research and Nutrition carried out an opinion poll on what Italian consumers thought about the food safety at that time. Virtually, every Italian had heard about the BSE problem. People were also very much aware of the cases of food-born botulism and salmonella that occurred in Italy shortly before the poll as well as the discovery of dioxin-contaminated poultry and eggs in Belgium. Therefore, it was not surprising that they rated meat and eggs to be unsafe foods. Data from ISMEA (2001) showed that the general decline observed in the organoleptic traits of the meat has arisen from several reasons. In the case of red meat, the loss of taste and flavour can be mainly related to the reduced marbling since the lipid fraction plays a key role in the determination of these traits. Moreover, the reduced intramuscular fat deposition has a negative effect on meat tenderness, which in cattle has also been worsened by the progressive reduction in the time of muscle tissue maturation after slaughtering

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Ken Research

Ankur Gupta, Head Marketing & Communications




D2C Service Gaining Popularity in Insurance Sector: Ken Research

Ken Research has announced its distribution on, “Maximizing Direct-to-Consumer Opportunities in Insurance” which analyzes the state of the emerging online direct-to-consumer (D2C) channel in the global insurance industry.

The report considers the evolution of distribution channels in the insurance industry, and also inspects technological innovation in distribution and the growth of current distribution channels in key emerging and mature economies, and analyzes the premiums earned through each distribution channel by insurance segment.

Insurers are able to explore innovative and more effective channels to enable customer interaction following a decline in sales through brokers and agents, particularly in mature economies very easily through the contents of this report.

It analyzes how insurers can augment their offerings through integration of digital technology into business models.

It helps to gain an insight into how next-generation insurers are and will be using D2C platforms to create new products and services as well as an understanding of changes in consumer behavior in the digital environment, which is persuading insurers to adopt D2C strategies.

Overall, an understanding of D2C trends in other industries which are acting as catalysts in digital expectation among insurance customers is well provided by the report that tells about the existing competitive markets as well as technological innovations that exist and that are to begin in future.

The insurance industry has experienced a phase of digital transformation which has impacted the entire business function, from underwriting to claims management. Majority of startups are focused to sanction insurers to work with them on technology and consumer engagement, opposed to deranging and competing. Some are replacing agents by making digital channels and addressing problems with current models. The enhancement of technology has encouraged the insurers to investigate and inaugurate D2C channels and in May 2016, D2C unfolded as a channel with growth prospects in future.

The emerging relevance of digital technology in insurance business models, and the need to strengthen digital capability are motivating insurers to evolve D2C channels and maximization. Insurers anticipate ample use of direct online channels as an alternative method. D2C can not only help them in maximizing sales, but also provide a range of services through an online platform which further lowers the distribution costs and provides an opportunity for insurers to capitalize on direct interactions.  A shift of power has been made from insurers to consumers due to increasing internet penetration, availability and transparency of information. As a result, customers are putting importance to the ease of service provided, and anticipating delivery to be rapid.

Topics Covered in The report

  • Global insurance industry research report
  • Insurance sector Trends
  • Direct to consumer insurance opportunities
  • Insurance industry distribution channels
  • US insurance industry outlook
  • UK direct to consumer service in insurance
  • Japan insurance sector
  • India Insurance sector trends
  • China insurance industry future Outlook

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Ken Research

Ankur Gupta,

Head Marketing & Communications


+91-124- 4230204


Indonesia Used Car Industry Outlook To 2021: Ken Research

How have been the Performance of Indonesia Used Car Industry?

Decades ago, the used car market in Indonesia was dominated by unorganized players including self-appointed used car dealers, car owners and road side mechanics that were not certified by the government. Word of mouth advertising was one of the main marketing channels and no major companies were operating in the used car space. The lack of organized players in the used car business meant low choice and information asymmetry for buyers.

While the conventional system of buyers meeting sellers face-to-face in the marketplace is still the dominant practice in society, more Indonesians are seeing the online market as a great alternative means for making purchases. The gross transaction value (GTV) of the used car industry inclined to USD  billion during 2016 from USD ~ billion during 2011, achieving a CAGR of ~% during 2011-2016. The sales of used cars inclined from ~ units in 2011 to ~ units during 2016, achieving a CAGR of ~% during 2011-2016. The gross transaction value generated from unorganized segment stood at USD ~ million during 2016, which has contributed ~% to overall used car transaction value during the same period. The unorganized sector witnessed total sales of ~ units of used cars during 2016, contributing ~% to overall used car sales during the same period.

Market Share of Major Players

OLX achieved a share of approximately ~% of overall online sales of used cars which was evaluated to be ~ units during 2016. The website first came into existence in 2005 with the name tokobagus.com as the biggest online trading center in Indonesia with around ~ million visits per day. Carmudi achieved a share of ~% of overall used car sales online during 2016 which were evaluated to be ~ units during the same period.

Carmudi works similar to OLX, however; the company brings buyers and sellers together and transact between new and used cars only. The company came into existence in 2013 in Germany and entered the used car market in Indonesia during 2014. Apart from online sales, the company also has a strong offline presence established in Jakarta and subsidiaries in Bandung, Semarang, Medan and Makassar.  Mobil88 achieved a share of around ~% in terms of online sales of used car in 2016, totaling to a mere ~ units during the same period. Mobil88 has a stronger offline presence and has recently started building its presence in the online market. Due to this, the company has ~ active listings as on December, 2016.

Future Outlook for Indonesia Used Car Industry

The Gross Transaction Value (GTV) generated from the sale of used cars in Indonesia is projected to augment to USD ~ million during 2011 from ~ million during 2017. The sale of new cars is estimated to increase from ~ units during 2017 to ~ million units during 2019 due to increased sale of economy cars and hatchbacks. The sale of used cars is projected to augment to ~ units by 2021, achieving a CAGR of ~% during the period 2017-2021.

The reduction in ownership pattern will cause influx of a wide variety of car models into the used car industry, giving customers more choice while purchasing used cars. The sale of used cars through local dealers is estimated to augment to ~ units by 2020, contributing ~% to overall sales during the same period. The sale of used cars through online auto portals is estimated to stand at ~ units during 2021, contributing ~% to overall used car sales during the same period. The increasing internet penetration will be the primary force driving sales through this marketing channel. Online auto portals help buyers understand the prevailing (maximum and minimum) price for their desired car.

The sale of used cars through multi-brand car showrooms is estimated to increase to ~ units by 2021, contributing ~% to overall used car sales during the same period. The sale of used cars from dealers to customers and car owners to potential buyers through word of mouth, newspaper advertisements and magazine classifieds is projected to increase to ~ units during 2021, contributing ~% to overall used car sales during the same period

Companies Cited in the Report

             List of Companies                                              Companies Covered in the Report

Oto.com                                                                     Major Players

Key Factors Considered in the Report

Value Chain Analysis in Indonesia Used Car Industry

Indonesia Used Car Market Size on the basis of Gross Transaction Value and Sales Volume

Market Structure (organized/Unorganized) in Indonesia Used Car Industry

Market Segmentation of Indonesia Used Car Industry on the basis of type of used car, marketing channels, major cities, year of manufacture, vehicle use and other

Customer profile in Indonesia Used Car Market on the basis of Age Group, Income and Gender

Government Regulation in Indonesia Used Car Market

Financing options and Schemes available to potential buyers in Indonesia Used Car Market

Market Share of Major Players in Indonesia Used Car Market

The various Business Models prevalent in Indonesia Used Car Market

Competitive Landscape of Major Players in Indonesia Used Car Market

Trends and Developments in Indonesia Used Car Market

Issues and Challenges in Indonesia Used Car Market

Decision Making Process for Buying a Used Car in Indonesia

Indonesia Used Car Market Future Outlook and Projections on the basis of Gross Transaction Value and Sales Volume

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Ken Research
Ankur Gupta, Head Marketing & Communications


The International Cohesive Communication and Collaboration Market: Ken Research

Ken Research announced recent publication on, “Strategic Focus Report on Communications & Collaboration“. The report outlines the evolution of communications & collaboration technologies, and identifies and assesses the best performing vendors in the market. This report also presents view of the revenue opportunities in the communications & collaboration market through to 2020, Understand the communications & collaboration landscape, the recent trends, drivers, and inhibitors shaping the communications & collaboration segment. It analysis the communications & collaboration vendor landscape and track their relative performance in the communications & collaboration market to gain a competitive advantage. To enhance your market segmentation by analysing the revenue opportunity forecasts figure in the communications & collaboration market from 2015 to 2020, spanning six regions, 14 verticals, and two size bands, you may invest time in this exceptional market research report. Lastly, you may understand how organization’s communications & collaboration requirements are set to change in the next two years in order to prioritise your target market which outlines the evolution of communications & collaboration technologies, and identifies and assesses the best performing vendors in the market. This report also presents view of the revenue opportunities in the communications & collaboration market through to 2020, highlighting the market size and growth by technology, geography, sectors, and size band.

With the extensive propagation of mobile device users across the world, the necessity for competent communication becomes essential. Pertaining with this, rise in the number of mobile workforce around the world followed by the need to be universally connected with one another for ensuring business continuity has escalated the demand for enhanced communications and collaboration techniques to be incorporated. Thus, the high extent of convenience provided by organizations to boost worker efficiency and enable expansion of business productivity has facilitated the enterprises, Small, and Medium Businesses (SMBs) to expansively consider mobile UC&C solutions within their organizations.

Over the years, the communication techniques have evolved and have been rapidly progressing. Additionally, these widespread advancements in the unified communication methods have expansively enriched the experience of the users. With evident enhancements in business aspects obtained from mobile UC&C solutions, enterprises and SMBs have been intrigued to continue and enhance their profitability through these mobile UC&C services. Mobile UC&C provides massive-scaled inclusive amalgamated solutions for employees to be well connected and work in partnership in intra-office communication and inter-office communication regardless of their location and to concurrently assist their clients for leveraging their business value. The mobile UC&C solutions provide a diverse set of communication and collaboration tools, which include voice solutions; audio, web and video conferencing; and instant messaging, video chats, voicemails, and email facilities to all the users accessible from anywhere over the mobile devices.

Fragmentation by service:

  • Implementation and integration
  • Training and support
  • Consulting
  • Managed services

Fragmentation by deployment type:

  • Cloud
  • On-premises

Fragmentation by user type:

  • Enterprises
  • SMBs

The rising demand for virtualised communications will aid in the strong growth of this market during the forecast period. Recently, it has been observed that many vendors in the market are introducing virtualisation software support in their telephony and UC&C portfolios. Virtualisation can address the issue of running virtualised voice and videos in data centres. It can also assist companies in increasing the number of mobile devices and virtual desktops that are hosted on each data centre server. Therefore, an increase in the demand for mobile virtualisation will aid in the strong growth of this market during the predicted period. The integration of business processes with collaborative applications will be the key driver for the growth of this market. Collaborative applications like instant messaging, email, unified messaging, and voicemail are likely to drive the prospects for growth in this market as most businesses seek a high degree of integration with collaborative applications. The market will also witness a rise in specific collaboration applications that are integrated with business applications to automate processes and reduce manual work.

Fragmentation by application and analysis of the UC&C market

  • Enterprise collaboration
  • Enterprise telephony
  • Contact centre

The enterprise collaboration segment will lead the global UC&C market during the forecast period and will account for an impressive market share by 2020. Recently, many SMEs have been leveraging enterprise and consumer technology solutions to support communications with their customers. These solutions enhance collaboration among employees, suppliers, and clients, and are less expensive, simple to deploy, and more powerful than conventional solutions.

Geographical Fragmentation of the UC&C market

  • Americas
  • APAC
  • EMEA

At present, the Americans dominated this market and are anticipated to retain its dominating hold over the market until 2020 owing to the recent increase in mobility and the explosion of smart mobile devices due to the consumerization of IT. Furthermore, with the rising demand for cost-effective and user-friendly browser-based communications solutions, many prominent vendors will be compelled to introduce vertical-specific Web RTC solutions and services in North America.

The global UC&C market is highly competitive, as the high demand for UC&C among large enterprises and SMEs has intensified the level of market competition. During the forecast period, price wars among the vendors will also increase and will be driven by the need to form high-value partnerships with large enterprises.

The leading vendors in this market are –

  • Avaya
  • Cisco
  • IBM
  • Microsoft

Other prominent vendors analysed in this market study are 8×8, Aastra Technologies, Huawei, Alcatel-Lucent, BroadSoft, Configure, Corex, CSC, Damovo, Dell, Genesys, HP, Huawei Technologies, Interactive Intelligence, Italtel, Juniper Networks, Logitech International, Mindtree, Orange, Polycom, RingCentral, ShoreTel, Toshiba, Verizon Communications, GENBAND, NEC, Mitel, and Unify.

Topics covered in The Report

  • Global ICT market research report ,
  • Communications and collaboration investments,
  • UC solutions Demand,
  • Unified Communications solutions Demand,
  • Communications and collaboration technologies Research,
  • Communications and collaboration Market Drivers,
  • Unified communications and collaboration market trends,
  • Unified communications and collaboration companies,
  • Communications & collaboration investment priorities,
  • Key trends impacting the communications &collaboration market,

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Related links:
Hungary-Telecoms, Mobile, Broadband and Digital Media-Statistics and Analyses 

Sierra Leone-Telecoms, Mobile and Broadband-Statistics and Analyses 

Ken Research
Ankur Gupta, Head Marketing & Communications



Ukraine Beer Market Experiencing Fall in Demand: Ken Research

Ken Research has announced its distribution on, “Ukraine Beer Market Insights Report 2016” which provides a complete overview of the Ukraine beer industry structure that offers a comprehensive cognizance into historical background trends, 2015 performance and 2016 outlook. It includes 2011-2015 actual detailed beer consumption volume data by segment, brand, brewer, packaging and distribution, along with 2016 forecasts.

The report analyzes domestic as well as imported beer brand performance and determines the key trends driving consumer preferences in order to develop a competitive advantage. It is easier to comprehend volume vs. value trends and ascertain the key growth opportunities across the super-premium, premium, mainstream and discount segments to best target profitability.

It helps in gaining an in-depth understanding of the dynamics and structure of Ukraine beer industry, from the latest competitive intelligence of both historical and forecast trends for ameliorating corporate strategic planning.

It outlines the competitive landscape in the beer market, with detailed analysis of key company performance and views a selection of the key 2015 product launches further identifying competitor activities as well as product innovation and differentiation prospects ultimately leading to analysis of the market on a variety of levels for constructing well-informed decisions on future threats and growth prospects in the marketplace.


  • A huge fall had been recorded in the market due to rising taxes and restrictions on sales of beer in Ukraine in the past years. The brewers lost their traditional markets because of related disputes.
  • In 2014, enhance distribution aided the small operators for increasing their share while on the contrary many brewers blamed their losses on the increasing excise duties on beer in that period.
  • Though the climatic conditions of Ukraine proved to be favorable for beer consumption, yet the consumption saw a downfall in 2015 due to raised excise duties, the cost of production and hostile legal environment. Beer sales were mainly hit by increased excise duties. Consumers of discounted beer stopped their consumption as increase in prices led the beer out of reach of affordability and as a result, sales of cider continued to improve day by day, since consumers saw it as a more affordable substitute to beer in 2016.
  • Sale of beer from traditional retail shops dominates the off-premise sales and glass and PET remains the leading pack material.

With the hope of excise duties and restrictions getting lower from the level at which they exist now, in future the beer market is expected to gain and cover the losses that they have suffered so far.


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Ken Research

Ankur Gupta,

Head Marketing & Communications


+91-124- 4230204



Economic Condition Leading to Fall in Domestic Demand for Cigarettes in Belarus: Ken Research

Ken research announced its recent distribution on, “Cigarettes in Belarus, 2016 “. Report provides extensive and highly detailed current and future market trends in the Belarus market. The report offers Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise. To get a detailed understanding of consumption and to align your sales and marketing efforts with the latest trends in the market, you may undoubtedly refer to this far-fetched market outreach analysis. It closely identifies the areas of growth and opportunities, which will aid effective marketing planning. The differing growth rates in regional product sales drive fundamental shifts in the market. This report provides detailed, authoritative data on changes and hence, acts as prime intelligence for marketers. It highlights the market dynamics and essential data to benchmark your position and to identify where to compete in the future.

Belarus has a state controlled economy where incompetent, government-run businesses from the Soviet era dominate markets and the state spends billions every year on handouts, tariffs and subsidies. Belarus, like many other of the former Soviet Republics, suffered badly during the early 1990s after the break-up of the Soviet Union and the resultant economic turbulence. Belarus’ economy suffered a broad-based decline in the third quarter of 2016, with a dip in GDP this fiscal year, with private consumption, investment and government spending all falling compared to the same period last year. The country was negatively impacted by the continuing recession in Russia, its largest trading partner, as well as by weak domestic bank balance sheets, which impeded private lending. The energy dispute with Russia is another persistent cloud on the horizon, which is causing geopolitical uncertainty and could increase the cost of Belarus’ energy imports. However, some green shoots of recovery are visible in industry, with industrial production growing at the fastest pace in two years in November. Belarus’ economic advancement depends in large part on the implementation of the government’s 2016-2020 action plans, which aims to break up monopolies, improve governance and prepare the country for accession to the World Trade Organization.

In 2015 retail volume sales of cigarettes in Belarus saw an increase, whilst in 2014 sales declined. This was because the excise on cigarettes in 2015, and as a consequence their unit prices, grew more slowly than the Belarusian rubel devalued. This led to an increase in the retail price disparity for cigarettes between Belarus and nearby European countries (such as Lithuania, Latvia and Poland). This disparity remained the main reason for so-called “people’s exports” – cigarettes which are sold in Belarus and taken out of the country to nearby European countries by private travellers. Because the prices of cigarettes in Belarus are lower than in these EU countries, Belarus remained a conduit for cigarette smuggling to neighbouring EU countries. The Belarussian Cigarette market is heavily regulated by the government, with production quotas, restrictions on imports, and retail price control shaping the market. President Lukashenko is set to continue this regulation, with a view to increase tax receipts from the industry. The government aims to do this through strengthen local production, through a crackdown on counterfeit products. Despite this, sales are set to fall by 35.5% by 2025. Let us cross examine these in details:

Increase in Excise duty and Disposable income

In the framework of harmonization of excise policy within the EEA from 1st January 2013, Belarus increased excise taxes on tobacco and alcohol. As a natural result, the sales of alcohol and tobacco products decreased. Belarusian manufacturers of these products, given the reduced domestic market opportunities are forced to look for export options to maintain their production volumes. Excise taxes on tobacco products from 1 January 2013 increased by 1.5-3.5 times. In Q3 and Q4 further were envisaged. Belarusian government introduced these measures to meet its commitments within the EurAsEC Anti-Crisis Fund and to harmonize the excise policy within the CES. It is planned to continue gradual increases of excise duties on tobacco to level with Russia. Resultantly, the prices on tobacco and its products have increased radically.

Ban on open retail advertisement of Cigarettes

From 1 July 2015, the open display of tobacco products was not allowed in retail outlets. Information on the various brands available in retail can only be in the form of a list of tobacco products, indicating their names and prices. This list should be drawn up in accordance with the approved model. The storage of tobacco products in retail outlets should be in enclosed cabinets. Also from 1 July 2015, the term “electronic cigarette” was banned in retail. Such products continued to be sold, but under different names, for example “vapour device” or “steam generator”. In addition, The Customs Union has decided not to import snuff from 2016. After the sale of the existing stock, sales of snuff will cease in Belarus.

Increase in domestic supply of cigarettes with changing patterns, split in price Band

In 2015 the share of domestically produced cigarettes continued to increase, leading to declining imports. The share of imports within total volume sales fell in 2015. In 2015 the share of purely domestic brands also increased, at the expense of the share of international brands (both imported and produced locally). 2015 also saw changes in the spilt of cigarettes by price, with the increasing share of the economy segment and the declining share of the premium segment. All these changes, which can be classed as de-premiumisation, were caused by the worsening economic conditions in Belarus in 2015, with decreasing consumer purchasing power and the growing trend for economical consumption.

Shift of consumers to modern Outlets

The development and increasing popularity of modern retail formats such as supermarkets, hypermarkets, discounters, convenience stores and forecourt retailers continues in Belarus. The share of modern retail formats within total sales of tobacco products keeps increasing. This is because modern retail outlets offer more advantages for consumers, such as convenient locations, free parking and a wider product assortment.

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Cigarettes in Singapore, 2017

Cigarettes in Malaysia, 2017


Ken Research

Ankur Gupta, Head Marketing & Communications




Mobile Payments and Robo Advisors Moulding Future FinTech Growth : Ken Research

Ken Research announced its recent publication on FinTech market titled, ” US FinTech Market Forecast to 2020 – Mobile Payments and Robo Advisors to Shape Future Growth“. The report provides a comprehensive analysis of the FinTech market in the US and covers market size and segmentation of overall market by business models. The report covers the further segmentation of different spaces such as Digital Commerce, Personal Finance and Business Finance into sub segments based on the business models. The sub segments (US Digital Commerce Market, US Mobile Wallets Market, US P2P Money Transfers Market, US P2P Lending Market, US Equity Crowd funding Market, US Robo Advisors Market and US Business Lending Market) are then considered separately and analysis on them has been done individually. The report covers detailed profiles of leading players in the different sub segments along with the share of major players in the market. The potential and future outlook has been individually discussed for the US Digital Commerce Market, US Mobile Wallets Market, US P2P Money Transfers Market, US P2P Lending Market, US Equity Crowd funding Market, US Robo Advisors Market and US Business Lending Market and for the overall FinTech market. The report provides detailed analysis of segments, trends & developments, growth drivers and major restraints and challenges within the industry. It serves as a benchmark for existing players and for new players who wish to capitalize on the market potential and investors who are looking forward to venture into the FinTech market in the US.


US FinTech market has been largely driven by the technological developments such as data analytics, social networks and increased penetration of the smart phones which have led to the emergence of newer models such as marketplace funding, people based marketing and several others. Digital connectivity, faster payment options, lower customer acquisition costs through referrals on the social networks have all contributed to the growth and innovation in the FinTech in the US. Although some suggest that consumers resist robo-advisors, over the past years, the technology has been attracting substantial attention and investments. Financial decision-making is increasingly reliant on algorithms applied to wealth management, personal finance management, investment management, risk assessment and other areas of the financial services industry. The FinTech “uprising” has been reshaping the financial sector by cutting costs and improving the quality of services to the consumer with lower time requirement. The FinTech sector has been evident from a variety of industries ranging from payments to wealth management, Robo-advisors and others. There has been a surfeit of start-ups in recent years. Increased Investments, innovation in technology, digital connectivity, and supportive government are some of the factors among others to spur the growth in the FinTech market in the US. The FinTech market has increased in terms of the transactional value, manifold.

Rapidly advancing robo-advisors allow analysts to look into the future and continuously trade securities and other assets based on long-term predictions they are able to build based on a real-time stream of data and machine learning capabilities. Watsonization, which refers to cognitive computing systems that can interpret massive quantities of data, learn as they go, and will hold an information advantage over today’s analysts are reaching new development levels. They will also give investment firms powerful new tools for interacting with investors, assessing risk, enhancing cyber security and more. The growth and development of the robo-advice industry not only has positive financial implications because of lower fees, but also automated systems facilitated inclusion for mass-market consumers. Those consumers can now afford a tailored advice for better use of their funds. Robo-advice powered by technology diminishes the barriers for market entry to a range of completely new types of players. Both financial and non-financial services firms can take advantage, bringing new levels of competition and innovation to the industry. For instance, we are likely see more asset management and insurance firms adding wealth advice to their distribution and effectively entering wealth management; non-financial service firms with access to large numbers of retail investors and leading-edge technology firms will likely enter wealth management through a robo-advice model.

With the pace of improvement that AI in US markets, machine learning and overall technology goes through, robo-advice has the potential to become highly personalized and specific over time, meeting particular needs of different groups. Algorithms don’t have an affluence towards a particular task like fund allocation; the very idea here is that automated advice can get to the point where it can be tailored to analyse any stream of data by demand and become a highly personalized personal assistant in anything. Recognizing a multi-trillion-dollar opportunity, a range of institutions are already investing in the exploration of big data analytics, machine learning and AI application across industries: in customer acquisition, marketing, customer retention, loyalty programs, risk management, etc. Firms are effectively leveraging these solutions to increase the cross-sell and up sell opportunities, understanding customer requirements and providing customized packaging. Card-linked offers, customized reward solutions are some of the offerings that are being provided by financial technology firms. Robo-advising is not a proprietary breakthrough for investment management; it is a chance for a range of industries to leverage the power of machines in order to jump to the next level of customer service.

Digital payment segment was by far the most revenue-generating segment that saw maximum customer interest and participation. The segment was anchored by the overwhelming sales of e-commerce market in the country. PayPal, Authorize.Net, Stripe and Square were the major payment gateways used by online retail merchants for receiving online payments. Apple Pay, Android Pay, Samsung Pay and PayPal wallet were the most used mobile wallets by customers for making online and in-store payments in the US. Dwolla, Venmo and Chase QuickPay were the pioneers in the space of money transfer.
Consumer finance market witnessed an exponential growth in the last five years. The mobile payment space has already been highly crowded with a large number of players already in the space. The market will stay crowded as more players enter from social networks to banks to retail chains and other tech companies and the already existing players will implement newer strategies to maintain their standing in the market. Albeit the plethora of players operating in the market, the market is still at its infancy stage, growth prospects are still high. Vanguard Personal Advisor Services, Charles Schwab, Betterment, Wealthfront and Personal Capital were the leading players in Consumer Finance Market. Lending Club, Prosper and SoFi were the major players that actively raised money for customers in the country. The market for business finance was almost entirely driven by business lending companies, which raised funds to start-ups from several industries from both accredited and non-accredited investors. Several business-lending companies have entered in the last five years, which approve funds to applicants within no time. Funding Circle, On Deck, Kabbage, CAN Capital and Lending Club are some of the major companies operating in this space amongst others. FinTech companies allowing crowdfunding started since 2012 and were almost a billion dollar industry by 2015. EquityNet, Fundable, Angel List and Crowdfunder are some of the key companies that have the first mover advantage in this space.

Topics Covered Topics

  • US Financial Technology Market
  • Business Lending Market Future
  • Challenges Fintech Market
  • Pulse of Fintech
  • Top Financial Technology Market
  • Robo Advisors AUM US
  • Fintech Companies United States
  • Fintech Market Growth
  • United States Fintech
  • Global Fintech Market
  • US Digital Payments Market
  • US Mobile Wallet Market
  • Market Size Robo Advisors Market
  • Fintech Companies Growth
  • Digital Commerce Market
  • US P2P Lending Market
  • Financial Services FinTech Industry
  • Mobile Payments Market
  • Marketplace Lending Industry
  • US Fintech Market Growth
  • US Fintech Market share,
  • US Fintech Market trends
  • US Fintech Market future
  • US Fintech Market analysis
  • US Fintech Market

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Ken Research
Ankur Gupta, Head Marketing & Communications



High Healthcare Cost boosting Medical Insurance Sector in Malaysia: Ken Research

Ken research announced its recent report on, “Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2020 “ Report provides a detailed outlook by product category and a comparison of the Malaysian insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020). The report also analyses distribution channels operating in the segment, gives a comprehensive overview of the Malaysian economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together research, modelling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

General insurance is typically defined as any insurance that is not determined to be life insurance. General insurance or non-life insurance policies include personal accident and health insurance. The Malaysian personal accident and health insurance segment accounted for a 4.2% of the industry’s direct written premium in 2015. The share of the insurance industry’s written premiums in 2012 was the lowest share of all the segments. Changing lifestyle patterns and the prevalence of diseases such as diabetes, respiratory disorders and other critical illnesses led to a rise in healthcare expenditure, which is generating a demand for health insurance. The threat of cancer, diabetes and respiratory disorders has encouraged personal accident and health insurers to expand their product portfolios. Rising levels of healthcare expenditure, increasing employment rates and industrial growth drove growth in the segment during the review period.

The Malaysian healthcare system comprises public and private healthcare services and the aging population is expected to drive the segment over the forecast period, due to an increase in demand for cover. The personal accident and health segment is moderately concentrated, with the 10 leading insurers collectively accounting for more than sixty percent of premiums in 2016. The costs associated with private healthcare exclude participation from lower income demographics. However, with industrial growth, positive employment opportunities and rising GDP, the nation’s middle class population is expected to increase over the forecast period and drive growth in the personal accident and health segment.

Rising consumer healthcare expenditure and limitations of public healthcare system will provide new areas of growth. Changing lifestyle patterns and an increase in the prevalence of a number of common diseases led to a rise in consumer expenditure on private health insurance during the review period, with an increasing proportion of the country’s population opting for voluntary medical policies, some of which are provided by employers. The main reason behind the rise in healthcare expenditure can be attributed to the fact that consumers are inclined to avail private healthcare in order to receive a better quality service. Private healthcare is therefore gaining in popularity, despite the guarantee of care under the government’s public healthcare system. The government’s healthcare initiatives ensure health insurance for the foreign working population. However, the insufficient number of public healthcare centres and technological limitations encourage foreign workers to purchase private health insurance.

Rising life expectancy and aging population will, drive growth Increasing life expectancy was a key driver of growth in the personal accident and health segment during the review period. Life expectancy is used to calculate the premium to be paid by policyholders when purchasing a life and personal accident and health insurance policy. According to World Bank data, in 1960, the average life expectancy of a Malaysian male was 59.4 years, and for females, it was 60.3 years. In 2011, this figure reached 72.1 years for men and 76.5 years for women. Life expectancy is expected to increase further by the end of the forecast period. This trend indicates a need for insurers to provide medical plans to cover policyholders beyond the current life expectancy, which will contribute towards the growth of the personal accident and health segment.

The boost in medical insurance premiums this year is a direct result of higher healthcare costs, according to agents who have to bear the bad news to their clients. Calling for insurance companies to justify the increase with facts and figures, Namlifa president James Bong, said the pricier coverage would also hinder Bank Negara’s goal to achieve a 75% insurance penetration rate by 2020 and burden the public healthcare system.

The Malaysian personal accident and health insurance segment is highly competitive, and contains both domestic and foreign insurers. LIAM suggested all stakeholders, including the government, insurance companies, private hospitals and doctors, as well as consumers work together to address the higher costs. Leading companies include: Allianz General, Berjaya Sompo Insurance, Etiqa Insurance, Lonpac Insurance, MAA Assurance, MSIG Malaysia, Tokio Marine Insurance (Malaysia) and Uni. Asia General Insurance. Increasingly, we see companies are involving themselves in the social media space, and undergoing a re-branding to lifestyle and wellness companies, and not just a company that sells insurance. In addition, the increasing and unparalleled progress in technology allows insurers the chance to really reduce and simplify their offerings to the customer, with a handy approach allowing them the chance to connect and integrate themselves into the lives of customers instantly from anywhere. 2020 will be the times of change, and both insurers and operators alike need to be keenly aware of the changes they face from 2016 and beyond.

Key Topics Covered in the Report:

Non-life insurance industry

Global life insurance

Life insurance businesses

Insurance sector worldwide

Malaysia non- life insurance market research

Non-Life insurance sector trends Malaysia

Malaysia General insurance regulations

Health insurance market research Malaysia

Health insurance demand Malaysia

Personal Accident Insurance Malaysia

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Ken Research
Ankur Gupta, Head Marketing & Communications


Long Term Car Rentals Occupy a Share of 50% in the Overall Car Rental Market in Saudi Arabia

According to a Market Research Report titled “Saudi Arabia Car Rental and Leasing Market Projections to 2020 – Religious Tourism and Short Term Car Rental to Stimulate Growth” by Ken Research

Saudi Arabia car rental market has accounted for a significant share in the Middle East car rental service. It has one of the most highly developed car rental service that involves substantial amount of consumer spending on car rental services. Saudi Arabia has large geographical area and is well connected by roads, thus car rental services are considered reasonable options for travelling purposes in Saudi Arabia. Majority of the population in Saudi Arabia has a higher car ownership and has majorly been driven by leisure tourism services that are inclusive of religious tourism.

Car sharing on the other hand majorly comprises of carpooling services that involves pooling a car with customers that travel through the same route or have the same destination. Car sharing is a niche market and has not witnessed preponderance in the past few years on account of higher car ownership in the country.

The car rental market is largely dependent on vehicle manufacturing and overall economic conditions in the new and used vehicle market, since these factors directly impact the cost of acquiring vehicles and the disposition value of vehicles.

The tourism industry in Saudi Arabia had witnessed an inclination in 2010. It has been noticed that the number of car rental fleets in the rental service has inclined over the years from 2010-2015. The number of rented passenger cars for longer duration has enhanced in the past few years due to which the car rental brands in the country have been forced to enhance its fleet size in the country.

Saudi Arabia car rental market has been broadly segmented on the basis of car leasing, short term car rental and Chauffeur driven car segment. Despite the growing demand on car rentals, it still remains highly vulnerable to risks where more than 20% individual customers do not abide by rental conditions, whether in terms of handing over cars at the deadline and payment or parking of cars at different locations. Thereby, the regulations have increased and this calls the corporate to demand cars from organized car rental companies.

The on-airport rental service commonly charges high rates as compared to the off airport segment. On-airport car rentals subjected to daily fees and taxes as opposed to off-airport car rental. Therefore, on-airport car rentals generate higher revenue as opposed to off-airport car rentals.

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