Market Research Blog – Page 14700 – New Product Development

Hairball Cat Food Market 2022 Assessment and Key Insights Analyzed Till 2030

Hairball issues of cats can be prevented through simpler changes in lifestyle, brushing them regularly. Regular exercise might also help relieve both these symptoms. Additionally, it helps to get their digestive tract moving. Many cat owners are reliant on home-remedies for getting rid of this ailment.This continues to diminish the opportunities for hairball cat food market players. The humanization of pets has ensued in healthier and expensive options that owners prefer instead. These foods need less volume fed, resulting in the longevity of each purchase.

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Hairball Cat Food Market – Key Trends

Pet owners are seeking quality meals for their pets as humanization trend gains traction. Pet food companies have been swift in noticing the trend, and have come up with a variety of high-quality, nutritious food products.

Some examples are Natural Instinct Fish Fingers, Sheba Classic Soup range, Lily’s Kitchen Mini Venison Sausages and Whiskas Casserole. Labelling and marketing of cat food products has also become key for key players in the hairball cat food market.

Displaying photos of carrots and broccoli, pink salmon, and mouth-watering steaks bursting in color to appeal to gourmet owners, brands are going the extra mile.

Assuming the trend further, some cat food producers add exotic or trendy ingredients to generate food that appeals to consumers. As per a research report in the US, 42% of cat owners are concerned with cat food that has superfoods, while only 1% of food launches mention this in the description.

COVID-19 Impact Analysis

COVID-19 has impacted the consumption pattern concerning the cat food market. Consumers are switching to new types or new brands of cat food resulted due to economic pressure, moreover, consumers have become more price-conscious.

The use of technology, particularly e-commerce has now turned more habitual and mainstream for more consumers.

From February to March 2020, in just one month, online sales of pet food in the U.S. climbed up by US$ 281 million,Pet food manufacturers are exploring new tools for owner engagement in a digital world, whether that’s live-streaming a cat product sample, or engaging via pet owner platforms.

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Hairball Cat Food Market – Region-wise Analysis

North America is the dominant region in the global hairball cat food market due to growing cat owner awareness concerning cat’s health awareness. The existence of leading producers is additionally anticipated to drive market growth.

While North America and Western Europe regions are mature markets yet they offer growth prospects, and are driven by premium and niche products.Latin America, Eastern Europe, and Asian regions will be witnessing a boost in sales due to increase in adoption of cats as pets and increasing health awareness of cats.

Hairball Cat Food Market – Competitive Analysis

Market players are expanding their traditional categories such as hairball control and weight control to incorporate gluten-free, diabetic categories and added omega-3 fatty acids, to name a few.

Purina ONE® Hairball Formula focuses on senior cat’s nutritional requirements to help support its optimal health, inside and out.With real chicken as the prominent ingredient and no fillers, the other ingredients in the product are also aimed at maintaining overall health and wellness.

A natural fiber mixture assists scale down hairballs whereas Omega-6 helps maintain healthy skin. Moreover, animal feeding tests utilizing AAFCO procedures authenticate that Purina ONE Hairball Formula offers balanced and complete nutrition for maintenance of senior cats.

Lily’s Kitchen makes a birthday surprise box for cats including several treats and a birthday card. The brand also makes several advent calendars in the run-up to Christmas.

Global Hairball Cat Food Market: Key Players (this is an indicative list – full list of key players available upon request)

Nestlé Purina PetCare Company
Hill’s Pet Nutrition, Inc.
The Nutro Company, Inc
Mars Chocolat France SAS
Mars, Incorporated
WholeHearted
Blue Buffalo Co., Ltd.
Merrick Pet Care, Inc
Naturally Healthy
Canidae PURE
Berwind Corporation
The Hartz Mountain Corporation
Meow Mix
Special Kitty
Pure Balance Cat Food

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Global Hairball Cat Food Market: Market Segmentation

By Form

Wet
Minced
Shredded
Sliced
Dry
Others

By Flavor Type

Chicken
Turkey
Fish
Others

By Packaging Type

Can
Jar
Bag
Box
Others

By Dietary Preferences

With Grain
Grain-free

By Price Range

Mass
Premium

By End-use

Household
Commercial
Pet care centers
Veterinary Clinics
Pet Shops
Others

By Sales Channel

Direct
Indirect
Independent Small Stores
Wholesalers/Distributors
Specialty Stores
Independent Small Stores
Online Sales Channel

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Cat Food Flavors Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2030

Today, several pet food manufacturers are offering wide-ranging products as pet health and wellness has become a priority. Consumers can choose products relying on several factors such as disease conditions, price points, life stages, ingredient preferences, breeds, etc. In addition to the nutrient quality, taste and flavor has also become an important factor, influencing buying behaviour. A conscientious pet owner choosing a premium flavored product for himself/herself is likely to exhibit the same purchasing behaviour while buying food for his/her pet! Cats are unable to taste sweets and more inclined toward the saltier flavors such as fish. However, cats can taste things which we can’t, such as ATP (adenosine triphosphate), the compound which supplies the energy in living cells, and alerts them the presence of meat.Research & design of flavor for cats foods has come a long way, and new flavors are being formulated and designed to make a particular food type, treat or medication that is foreign to a cat seems more desirable. It can aid outright finicky, overweight and sick cats with achieving a healthier diet overall.

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Cat Food Flavors Market – Key Drivers

Consumers today are looking for cat food, supplements and medicines that are more than natural. Their focus is on quality ingredients and are often willing to expend extra to obtain them. They are seeking scientific claims which validate a product’s efficiency.

Pet food companies are grabbing this opportunity to understands the owners need and are offering flavors that are grain free, preservative free, and contain no artificial colouring.

Flavor enhancers are being developed to cater to cat’s preference on multiple levels: smell, texture and health benefits, as well as taste. As cats are picky eaters, the choice of flavors is prioritized based on fulfilling nutritional goals and ingredient sustainability.

Manufacturers are always considering trends in associated categories such as human foods and discovering ways to channel them into cat foods. For instance, omega-3 fatty acids, probiotics, chondroitin and glucosamine, and smoked or roasted meats were concepts in the human food segment that are been now utilized in cat foods.

Cat Food Flavors Market – Growth Restraints

A research conducted at the University of Sydney, Mars Petcare, and WALTHAM Centre of Pet Nutrition revealed that cats over a period of time learn about the nutrient composition and select foods to reach attain optimum ratio of fat and protein, regardless of flavour.

Several taste-enhancing additives are used to entice cats to choose one food over another. These food products offer less nutritional value to the formulation, it could result in harmful effects and impede the adoption of cat food flavors products.

These flavoured products are expensive, in addition to the price that pet parents pay for pet food, the can discourage sales and impede the market growth.

COVID-19 Impacts Analysis

With the global lockdown amid COVID-19 pandemic, the producers are witnessing huge demand for cat food flavors. However, consumers are stocking their cat’s pantry with the fear of supply-demand gap.

On the other hand, several leading manufacturers are providing immediate support to the ones most affected by the COVID-19 lockdown through charities and donations. Leading manufacturers such as Royal Canin, Mars and PetFirst along with others are offering community services and continue to work closely with partners to offer ongoing support whenever possible.

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Cat Food Flavors Market – Region-wise Analysis

North America and European nations are witnessing escalated demand for cat food flavors due to several factors such as growing humanization, increasing cat ownership ratio and higher per capita expenditure on different cat food flavor products.

Market players are focusing on emerging nations of Asia Pacific, where the cat food flavors market will grow at the remarkable rate which is a major driver for product market. Presence of several untapped markets due to the lower cat ownership ratio is pulling in global players to develop their functioning in this region.

Cat Food Flavors Market – Competitive Analysis

The cat food flavors market is highly fragmented. Prominent players have adopted several strategic initiatives, for instance, mergers, acquisitions, partnerships, agreements, joint ventures, expansions, and new product launches to boost their present in the global market.

DIANA Pet Food and BRAIN AG , world’s top partner in the pet food market and Symrise Group member has recently declared a strategic partnership in the flavor science sector. This will help to boost the product offerings for the companies.

Kerry group is offering food flavors customization to help customers reach their market objectives. The company is focusing on organic pet food flavors and meeting to the growing demand from emerging economies.Party Animal’s added three new flavors of canned cat food specially formulated with ingredients like antioxidants, minerals and vitamins.

Some of the major market players operating in the market are Pet Flavors Inc., Bell Flavors & Fragrances, Diamond Pet Foods, Nestlé Purina Petcare, Mars Petcare Inc., Hill’s Pet Nutrition, General Foods Pty. Ltd., Blue Buffalo Co., Ltd., and Wellpet Llc.

Global Cat Food Flavors Market: Key Players (this is an indicative list – full list of key players available upon request)

Meow Mix
Weruva
Nestlé Purina PetCare Company
Hill’s Pet Nutrition, Inc.
The Nutro Company, Inc
Mars Chocolat France SAS
Mars, Incorporated
WholeHearted
Blue Buffalo Co., Ltd.
Merrick Pet Care, Inc.
Whole Hearted

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Cat Food Flavors Market

By Flavor Essence

Natural
Artificial

By Flavor Type

Chicken
Fish
Duck
Beef
Rabbit
Others

By Packaging Type

Can
Jar
Bag
Box
Others

By Price Range

Mass
Premium

By Sales Channel

Direct
Indirect
Independent Small Stores
Wholesalers/Distributors
Specialty Stores
Independent Small Stores
Online Sales Channel
Pet Stores
Others

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Cat Food Toppings Market : Notable Developments & Geographical Outlook 2022 to 2030

Pet parents seeking to increase the nutritional value of their companion’s meals are turning to toppers. The cat food toppers are available in dry, freeze-dried, broth, and moist formulations as a simple, creative, and delicious approach to jazz up ordinary cat food. Tuna and sardines are the favorite cat’s toppings as it offers great taste and aroma as well as help owner transition dry food addicted cat to a canned, fresh, or raw diet. Manufacturers stress on cat food toppers, as they are valuable for weight loss and digestion, and provide a host of other benefits, for instance helping with hydration and regulating constipation and diarrhea, particularly when cat owners transition between cat food brands. The cat food topping market is anticipated to witness steady growth as manufacturers indicate that cat food toppings retailers must educate the cat owners on the health value of these toppers.

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Cat Food Toppings Market – Key Trends

Frozen, fresh, and raw foods toppings offer probiotics, enzymes, moisture, and highly-digestible meat protein which is important for the longevity and health of cats.

Cats have a higher need for amino acids and offering them fresh meat protein sources is incredibly imperative, this can be easily accomplished by meal toppers. Nutrition-focused cat owners are increasingly holding manufacturers to high standards of ingredient transparency and sustainability.

Manufacturers, to satiate the demand for transparency, have begun offering an ingredient map indicating where each of its ingredients comes from.

Manufacturers are also suggesting to mix-in products to complement a well-balanced diet, such as broths prepared from the slowly simmered bones of a single-animal source such as organic chicken, grass-fed beef, or wild-caught salmon.

Cat Food Toppings Market – Growth Restraints

Growing regulatory constraints in the pet food sector are anticipated to negatively influence the cat food toppings market over the forecast period.

For instance, in the U.S., pet food toppings are highly regulated and owing to stringent laws pet food companies have to go through a long cycle to introduce new variants.The regulatory body has formulated laws on both cat food ingredients and their finished products.

An ingredient cannot be utilized in pet food until it has been approved by AAFCO(Association of American Feed Officials) and FDA. Similar regulations by governments in the EU and some countries of Asia Pacific continue to influence growth of the market.

COVID-19 Impact on Cat Food Toppings Market

Although COVID-19 induced a scramble for pet food, supply chains clambered to catch up, creating empty shelves across supermarkets. Simultaneously, several individuals were strictly following the lockdown measure. These collective factors drove several pet parents to purchase food online from services like Chewy and Amazon.

Although the impact on cat food toppings has not been as drastic as other industries, cost-cutting measures, especially in cost-sensitive countries will induce sluggishness.

Also, the variety of cat food toppings available on online stores was limited – post COVID, online stores are likely to grow in market share, and it will lead to stronger partnerships between producers and distributors.

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Cat Food Toppings Market – Region-wise Analysis

North America dominates the global cat food toppings market over the forecast period due to the presence of well-established producers. As per the American Pet Products Association(APPA), around 35% of households in the US have a cat. Moreover, the US is the biggest exporter of pet food topping to nations such as China, Japan, the Philippines, Mexico, and New Zealand.

Europe is anticipated to see higher growth in the cat food toppings market due to robust product demand for different breeds of cats. Cat food toppings sales outpaced dog and other pet food in the past few years.

Cat Food Toppings Market – Competitive Analysis

The cat food topping market is consolidated, with prominent global players capturing the highest market shares and competing aggressively with private labels and local players.Apart from the existence of a loyal consumer base, the prominent players in the market advantage from innovation capacities and substantial marketing.

Natural Value has launched 10% natural gourmet Tuna & Topping cat food. These are hand-packed under the most stringent standards for sanitation and safety.

Available in various flavors, these toppings adhere to stringent nutrient guidelines by the AAFCO.Manna Pro Products, LLC, launched Fruitables Wildly Natural broth and Wildly Natural cat treats addressing the hydration issue with cats as well as flavor to cat food.

Global Cat Food Toppings Market: Key Players (this is an indicative list – full list of key players available upon request)

Nestlé Purina PetCare Company
Tiki Pets
Instinct
Flower
Merrick Pet Care, Inc.
Caru Pet Food
J.M. Smucker Company
PureBites
Whole Life Pet
WellPet LLC
Life Essentials
Cat-man-Doo
Better Choice Company, Inc.
Only Natural Pet LLC
Carnivore Meat Company LLC.

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Cat Food Toppings Market

By Form

Wet
Dehydrated
Raw
Dry
Gravy
Others

By Flavor type

Chicken
Fish
Rabbit
Beef
Duck
Vegetarian
Others

By Price Range

Mass
Premium

By End-use

Residential
Commercial
Pet care centers
Veterinary Clinics
Pet Shops
Others

By Sales Channel

Direct
Indirect
Independent Small Stores
Wholesalers/Distributors
Specialty Stores
Independent Small Stores
Online Sales Channel
Pet Stores
Others

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Sensitive Stomach Cat Food Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2030

A sensitive stomach in cats, though not a disease, is a most prominent symptom of underlying causes of various stomach dysfunctions, which are often linked with various factors such as inappropriate nutritional intake, poor diet, and many other external factors. Cat parents are becoming more concerned about their pets’ health with time, and increasing prevalence of various cat health issues is triggering them to resort to specialized cat food products that can address the specific nutritional needs of cats. The global market for sensitive stomach cat foods market is mainly driven by cat parents’ knowledge about the different dietary needs of cats with sensitive stomach issues.Leading market players are increasing focus on introducing innovative ingredients that can help improve digestive health of cats, and ultimately gain a competitive edge in the global market.

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Sensitive Stomach Cat Foods Free from Preservatives, Fillers, and Artificial Flavour Gain Demand

Cat parents are becoming more conscious about their pets’ health today, more than ever.

With the growing awareness about the different factors that can affect the health of cats, the demand for high-quality and specialised cat food products has increased significantly across the world.

Sensitive stomach issues such as diarrhea and vomiting are among the most common health conditions among cats. In recent years, cat parents’ awareness about the factors that need to be highlighted for cats suffering from sensitive stomachs has increased and it is triggering the demand for sensitive stomach cat foods.

In order to ensure that the cat food products would not cause more gastrointestinal products among cats with sensitive stomach issues, end users are showing inclination towards purchasing sensitive stomach cat food products with natural ingredients.

Furthermore, cat parents are also rejecting the products that include artificial flavours, chemical-based preservatives, and artificial fillers.

This indicates that the modern cat parents are becoming more and more conscious about the ingredients of sensitive stomach cat foods, as the influence of the global clean label movement is also growing.

Adoption of Fish-based Cat Foods for Treating Sensitive Stomach Issues will Grow

A mounting number of modern cat parents, especially from the millennial generation, are becoming more aware about the factors that may be responsible for causing sensitive stomach problems in cats.

This is encouraging manufacturers in the sensitive stomach cat food market to focus majorly on the use of ingredients that help enhance the health of the pets.

This is triggering the leading stakeholders to invest heavily in research & development of innovative ingredients that can improve the diet of cats with sensitive stomach issues.

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Discovery of innovative ingredients that can facilitate digestion and allow cats with sensitive stomachs to absorb more nutrients is expected to emerge as a popular trend in the global sensitive stomach cat food market.

In recent years, the effectiveness of fish-based cat food diets and recipes have been appreciated for countering sensitivity in cats due to their lower fat contents and less dense muscle fibre.

Fish also exhibit a complete balance of amino acids profiles including marine-sourced EPA and DHA omega-3 oils, which help in improving digestive health in cats.

Sensitive Stomach Cat Food Market: Region-wise Analysis

Based on the geographical factors, the sensitive stomach cat food market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

North America, followed by the European Union, is expected to account for a significant revenue share of the global market for sensitive stomach cat food products.

Growing strongholds of global leaders in the United States and end user awareness about the importance of different diets for cats with sensitive stomach issues, are among the top driving forces for the growth of the North American market for sensitive stomach cat food treats, meals, and other products.

Sensitive Stomach Cat Food Market: Competitive Landscape

Hill’s Pet Nutrition, Inc.
Nestlé Purina PetCare
Blue Buffalo Co., Ltd.
Holistic Select Natural Pet Food
Halo Pets
Instinct
Royal Canin
WholeHearted
Merrick Pet Care

Global Sensitive Stomach Cat Food Market: Key Players (this is an indicative list – full list of key players available upon request)

Nestlé S.A.
Hill’s Pet Nutrition, Inc.
Royal Canin
Petco Animal Supplies, Inc. (WholeHearted)
Blue Buffalo Co., Ltd.
Merrick Pet Care, Inc.
Mars Incorporated
Nutro Company
Weruva
Halo Pets
Almo Nature S.p.A.

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Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
(China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Sensitive Stomach Cat Food Market: Segment Analysis

By Form Type

By Flavor Type

Chicken
Tuna
Turkey
Salmon
Duck
Fish
Others

By Lifestage

Kitten
Adult

By Price Range

Economy
Mid-Range
Premium

By Sales Channel

Wholesalers/Distributors
Modern Trade
Convenience Stores
Pharmacy/ Drug Stores
Online Retailers
Pet Specialty Stores
Others

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Dog Food Flavours Market 2022 Key Players, End User, Demand and Consumption by 2030

Increasing humanization of pets coupled with the growing adoption of dogs as pets has triggered unprecedented growth of the pet foods industry. The global market for dog food flavours is mainly driven by the growing trend of pet parenting, and the leading market players are capitalizing on the trend by introducing innovative dog food flavours.

Increasing focus of pet parents on the health conditions and nutritional needs of dogs will also influence the growth prospects of the dog food flavours market.

Pet parents are carefully choosing the dog food products based on the ingredients used in the products, in order to ensure that the product helps fulfill the nutrition needs of their dogs.

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Manufacturers along with other stakeholders in the global dog food flavours market are increasing focus on introducing products with healthier ingredients while experimenting with flavour innovation.

Ultimately, growing demand for innovative dog food products will contribute to the growth of the global dog food flavours market in the coming years.

Growing Trends of Pet Pampering and Pet Palatability will Drive the Market Growth

The ever evolving concept of pet parenting is taking a new turn around the world as a majority of pet parents are inclined towards considering their pets as a part of their family.

The rapid move towards pet parenting is consequently showing an impeccable impact on the dog food and pet care industry.Furthermore, the global trend of pet pampering is reaching an all-time high with the millennials developing a deeper relationship with their pets.This is further influencing the purchasing decisions of pet parents, especially from the younger generations.

A majority of dog parents are willing to choose dog food products that are high in nutrition as well as good in taste, and thereby, pet palatability is also emerging as an important factor driving purchase decisions of pet parents from the millennial generation.

Vegan Diets to Gain Popularity and Influence Upcoming Trends in the Dog Food Flavours Market

The rise of veganism is no longer restricted to the humans’ food industry, but the trend is also growing strong in the pet care and pet food industry.A mounting number of pet parents are turning to veganism after having a strong belief that vegan food products are more nutritious than their conventional counterparts, and thereby making the similar choice while choosing dog food products.

This is expected to have a paramount influence on the upcoming trends in the dog food flavours market, as end users are expected to show more inclination towards the products with vegetarian and natural ingredients.

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The demand for dog food flavours with vegan ingredients along with a vast functionality is expected to increase significantly in the coming years.

Leading players in the dog food flavours market are investing heavily in research & development to bolster the implementation of vegan ingredients in their products and ensure that these ingredients exhibit similar nutritional properties as meat-based variants.

Dog Food Flavours Market: Region-wise Analysis

Based on the geographical factors, the dog food flavors market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

A majority of global leaders in the dog food flavours market are situated in the United States of America (U.S.), and this is naturally influencing growth prospects of the North American market for dog food flavours market.

Market players in the region are closely watching the rise in the wave of veganism to cater to the changing needs of end users in the U.S. and Canada. Furthermore, the demand for dog food flavours with vegetarian and natural ingredients that create meaty flavours is also expected to remain high across this geography.

Dog Food Flavours Market: Competitive Landscape

Givaudan
Mars Petcare Inc.
Kerry Group
Wild Flavors Inc
Blue Buffalo Co., Ltd.
Symrise AG
Wellpet Llc.
Firmenich
General Foods Pty. Ltd.
Takasago International Corp
Nestlé Purina Petcare
Frutarom Industries
Hasegawa Co.

Dog Food Flavors Market: Key Players (this is an indicative list full list of key players available upon request)

Kerry Group PLC

Bell Flavors & Fragrances
Symrise AG
Wild Flavors Inc.
Pet Flavors Inc.
Mars Petcare Inc.
Diamond Pet Foods
General Foods Pty. Ltd.
Diana Pet Food
Frutarom Industries
Sensient Technologies Corporation
Huabao International

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies

Dog Food Flavours Market: Segment Analysis

The dog food flavours market can be segmented on the basis of the following:

By Nature

Natural
Artificial

By Type

By Flavour

Chicken
Apple and Molasses
Meat
Beef

By Price Range

Economy
Mid-Range
Premium

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Retail Automation Market : Notable Developments & Geographical Outlook 2022 to 2031

Technological improvements have been gaining significant traction in retail automation market over the past couple of years. According to a new study by Future Market Insights (FMI), the retail automation market will surpass US$ 18.62 Bn by 2021. Automation solutions integrated with analytics are expected to offer abundant opportunities in the retail industry.

The ability of accurately analyzing the data using analytical automation for decision making is anticipated to help retailers gain a competitive edge in the market. As a result, analysis of the buying patterns of consumers is likely to drive the growth of the market in the coming years. In addition, surge in data analytics activities in retail such as recommendation systems, acts as another opportunity for the global market players to considerably escalate their revenue.

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An increasing number of retailers are focusing on business expansion in China, but slowly retailers are shifting focus towards potential of other markets, especially the BRIC nations (Russia, Brazil, China, and India) and some Southeast Asian countries. As per the Global Retail Development Index, Latin American countries, particularly Chile, Uruguay, and Brazil, are showing significant growth in retail.

Furthermore, China & India are projected to be the largest retail markets in Asia Pacific, owing to their large consumer base. Also, while retail automation products are being increasingly adopted in developed countries, some underdeveloped or developing countries, such as Yemen and Egypt, have started using the automation systems and services in the retail sector owing to high growth potential they offer.

As per FMI, the demand for retail automation is expected to be significantly in supermarkets. As end users, supermarkets are expected to contribute to over 40% of revenue generated in the market by 2031.

Key Takeaways: Retail Automation Market

The global retail automation market is estimated to register a CAGR of over 11.0% during the forecast period of 2021-2031
Among the regions, the market in South Asia & Pacific is estimated to register a high CAGR, owing to rise in adoption of digitalization in the retail industry in India, Indonesia, Australia, and other countries
The market in China is expected to progress at an impressive CAGR, thanks to the expansion of the retail sector
In the North America market, the U.S., is expected to account for dominant 80% of demand registered in 2021
The market for retail automation in the U.K. is expected to register above 10% y-o-y growth in 2021
Despite China’s dominance in East Asia, Japan and South Korea are expected to register higher rate of adoption of retail automation

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“Since most of the retail businesses are planning to deploy big data, forecast analysis driven by machine learning algorithms became one of the innovative methods to optimize logistics, manufacturing processes, running smart marketing campaigns, and supplier and customer relationship management,” says FMI analyst.

COVID-19 Impact Analysis on Retail Automation Market

Businesses are facing the reality and adjusting the business model to account for the effects of COVID-19 pandemic. For ensuring the business continuity plans businesses are adopting advanced technologies and various solutions to run their business smoothly. During the pandemic, many retailers tried to optimize their online sales processes using e-commerce platforms.

Looking ahead, after the pandemic, businesses with multiple sales channels will need to sync both offline and online inventory, promotions, and transactions. Therefore, POS integration and e-commerce are likely to become an optimal solution both during and after the pandemic.

Being guided by the “try-before-you-buy” approach, augmented shopping attracts customers by allowing them to interact with products online. Moreover, the isolation due to COVID-19 quarantine has rapidly increased the demand for virtual fitting room systems.

Hence, the retail automation market is estimated to grow around 9.6% to 10.6% Y-o-Y from 2019 to 2021.

Implementation of RFID Technology

The handheld RFID inventory management platform will help improve the customer experience, allow for quick and efficient restocking of merchandise, and increase sales. Implementation of RFID technology in retail stores in support of omnichannel strategy supports customers’ changing shopping habits. RFID technology enables to track the missing products from the sales floor. The RFID inventory system provides deeper merchandise visibility and increases inventory management efficiencies. RFID is an important tool for cutting costs and managing efficiencies at a time when retailers are battling fiercely for each consumer dollar spent at their stores. By reducing out of stocks and overstocks, retailers can help maximize product availability to help convert sales.

More Valuable Insights on Retail Automation Market

FMI’s report on the retail automation market is segmented into four major sections – component (hardware, software, and services), deployment (cloud, on-premises), end user (specialty retail stores, departmental stores, supermarkets, retail pharmacy stores, others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the retail automation market.

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Physical Security Equipment Market 2022 Industry Research, Segmentation, Key Players Analysis

A recent research by Future Market Insights (FMI) has estimated the global physical security equipment market to reach nearly US$ 64,000 Mn in revenues by 2022-end. Over the forecast period (2017-2022), the global market for physical security equipment is projected to exhibit a staggering expansion at over 10% CAGR.

Emergence of Thermal Cameras – A Major Trend Observed in the Market

A major trend being discerned in the market is the emergence of thermal cameras. As these cameras are water & heat resistant, and use infrared radiation for taking images, they have become an indispensable part of physical security equipment in monitoring unique/large-scale outdoor environments. Several institutions and critical infrastructures are being offered grants by governments for purchasing efficient surveillance equipment. The requirement for sophisticated security systems that help in ensuring safety of data has led the organisations to adopt data analytics, along with cloud-based data storages.

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The nature of the global physical security equipment market is highly fragmented, with presence of various large- as well as small-scale vendors competing for gaining larger market share. These vendors are concentrating on providing innovative and highly-efficient security solutions coupled with customized security services for sustaining their presence in the market. In addition, they are also providing integrated security systems, which ensure optimum security. Global leaders in the market are adopting key strategies such as M&A, and are acquiring niche players, in a bid to enhance their product portfolio.

Organisations Adopting Physical Security Equipment for Safeguarding their Personnel & Property

It has become pivotal for different institutions around the world to adopt physical security equipment on the back of surging threats related to physical damage and attacks. Various organisations from end-use sectors including transportation, commercial, utilities & energy retail, residential, government, manufacturing, education, healthcare and BFSI are adopting physical security equipment for safeguarding their property as well as personnel. The elevation in threats pertaining to terrorism across the globe has led the organisations and governments to spend more on latest and highly advanced security solutions, for ensuring safety of physical sites and people working there. Increasing incidences of espionage and thefts, particularly in banking sector and commercial buildings, are further driving adoption of physical security equipment worldwide.

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Key Insights from FMI’s Report on Global Physical Security Equipment Market

Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fastest-growing market for physical security equipment. By the end of forecast period, APEJ will become the second most lucrative region for growth of the market. Government agencies in APEJ are increasingly deploying physical security equipment in public and transportation security, especially in China and India. In addition, soaring IT sector, coupled with rapid industrialisation in APEJ countries will further drive the market growth.
Sales of physical security equipment in government vertical segment are projected to register the highest CAGR through 2022. In addition, although healthcare vertical currently accounts for relatively lower revenue share of the market, it will exhibit an impressive expansion over the forecast period. BFSI is expected to remain the second largest vertical in the global physical security equipment market.
Consumer video surveillance will continue to be the most attractive physical security equipment, followed by thermal cameras and wireless infrastructure. Revenues from consumer video surveillance, thermal cameras and wireless infrastructure will collectively account for nearly two-third share of the market throughout the forecast period.

Competitive Landscape

FMI’s report has listed key players that are actively operating in the global physical security equipment market, which include Montaplast GmbH, Valeo SA, The Chamberlain Group, Inc., Siemens AG, Bosch Security Systems, Inc., United Technologies Corporation, Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Axis AB, Hanwha Techwin Co., Ltd., Johnson Controls International Plc, and Schneider Electric SE.

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Market Taxonomy

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Security Equipment

Video Surveillance
Access Control
Intruder Alarms
Entrance Control
Consumer Video Surveillance
thermal Cameras
Wireless Infrastructure

Vertical

BFSI
Education
Healthcare
Government
Manufacturing
Retail
Residential
Transportation
Utilities & Energy
Commercial

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Artificial Intelligence Systems Spending Market 2022 Key Players, End User, Demand and Consumption by 2027

The global artificial intelligence systems spen ding market is estimated to be valued at US$ 11.7 Bn in the year 2017 and is slated to touch a value of US$ 516.2 Bn by the end of the year 2027, exhibiting a CAGR of 46.1% over the period of assessment (2017-2027).

The global artificial intelligence systems spending market is anticipated to soar with a staggering 46.1% CAGR throughout the projection period between 2017 and 2027. The coronavirus pandemic is benefit from the coronavirus outbreak as businesses are remodeling operations to allow employees to work from home. Further, increased spending on online communications and cloud technologies will generate lucrative opportunities during the pandemic.

“Automated shopping assistants, intelligent process automation, optimized purchase recommendations, and research and discovery initiatives in the pharmaceutical industry with AI-related technologies are highly popular applications that will support spending on AI systems for years to come,” states the FMI report.

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Artificial Intelligence Systems Spending Market – Key Takeaways

Banking solutions for artificial intelligence systems are gaining strong demand, owing to automated customer service, and fraud analysis applications.
Pharmaceutical research applications are likely to witness rapid growth aided by the recent spurt in growth of digital patient and formulation databases.
Asia Pacific is displaying major growth in artificial intelligence system spending, supported by investments in hardware and infrastructure for artificial intelligence development.

Artificial Intelligence Systems Spending Market – Critical Driving Factors

Growing use of artificial intelligence in ERP and manufacturing solutions and applications drive adoption rates.
Sustained investments into automated transport and logistics is a key factor contributing to revenues.

Artificial Intelligence Systems Spending Market – Major Constraints

Lack of adequate infrastructure to handle vast databases, setup processes, and manage workforce remains a key challenge to market players.
High capital required for artificial intelligence system development holds back market growth.

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The Anticipated Impact of Coronavirus

The covid-19 pandemic is likely to benefit the artificial intelligence systems spending market. This can be attributed to high investments in cloud and internet infrastructure, for remote working operations around the world during the pandemic. Centralization of corporate data during the crisis will help companies to build on AI capabilities. AI systems are being used to identify and track vulnerable populations, and generate warnings for potential outbreaks in the future. Further, these systems are proving useful in administration applications in healthcare facilities. Also, increased use of online shopping. However, concerns over privacy, bias and job loss will limit gains during this period.

Competition Landscape

Prominent developers in the artificial intelligence systems spending market include but are not limited to IPsoft Inc., Google Inc., Salesforce.com Inc., Microsoft Corp., Wipro Ltd., Facebook Inc., Infosys Ltd., IBM Corp., Intel Corp., Apple Inc., and Amazon.com Inc.

Artificial intelligence systems spending market players are widely investing in strategic acquisitions to bolster their AI capabilities, and expertise in AI development workforce.

For instance, in early 2020, Apple Inc., announced the acquisition of Xnor.ai for AI-based image recognition tools. Further Amazon has announced the acquisition of Zoox, a startup focused on AI-based autonomous driving developments. Similarly, Snap has revealed its acquisition of Ukraine-based AI-Factory for developing augmented reality functionalities.

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Market Taxonomy

By Industry Type

BFSI
Discrete & Process Manufacturing
Healthcare
Retail
Wholesale
Professional & Consumer
Service
Transportation
Media & Entertainment
Telecommunications & Utilities
Government
Education
Others (Construction, Resource Industries)

By Technology

Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
AGI
ASI

By Market

Hardware
Software
Services

By Region

North America
Asia-Pacific excluding
Japan
Western Europe
Eastern Europe
Latin America
Middle East and Africa
Japan

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LED Lights Market 2022 Key Players, SWOT Analysis, Key Indicators

The global LED lights market projects that the global LED lights market to rise at an impressive CAGR from 2017 to 2022 and is forecast to generate a revenue of US$66,115 Mn by the end of 2022.

The various product types in which LED lights are used are lamps and luminaries. Of these, lamps is projected to rise at a substantial CAGR during 2017-2022 to reach a worth of close to US$ 22,640 Mn by the end of 2022. By the end of 2017, the segment is estimated to account for over one-third of the total share of the products market. Of the various regional markets for LED lights, Asia Pacific excluding Japan (APEJ) is expected to lead the global market, vis-à-vis revenue, throughout the forecast period.

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Vast Energy Savings to Bolster Demand

World over, the pressing need for advanced lighting to get over the drawbacks of conventional technologies, notably incandescent, fluorescent and halogen lighting systems, is a vital factor that has propelled the demand for light-emitting diodes (LED) lights. The growing adoption LED lights is attributed to several advantages they offer such as higher energy-efficiency, extended lifespan, and lower maintenance requirements. The growing concern of a fast depleting non-renewable energy sources in various parts of the world is a key trend bolstering the demand for such energy-efficient technologies. The decline in prices of lamps and fixtures in several developing and developed countries is a key trend further fortifying the demand of LED among facility managers.

The vast energy savings associated with LED lighting owing to directional lighting is a crucial aspect that has bolstered their uptake in a variety of outdoor applications, such as in traffic lights, large parking lot, extensive building perimeter, and massive signage. The growing popularity of LED lights among facility managers is expected to boost their uptake for industrial applications, thereby accentuating the overall market.

Competitive Landscape

Some the prominent players operating in the global LED lights market include Hyundai Mobis Co., Ltd., Magneti Marelli S.p.A., EPISTAR Corporation, Cooper Industries, LLC, Cree, Inc., General Electric Company, Nichia Corporation, Texas Instruments, Valeo SA, and Koninklijke Philips N.V. Other leading players are Stanley Electric Co. Ltd, Koito Manufacturing Co., Ltd, HELLA KGaA Hueck & Co, and OSRAM Licht AG, finds Future Market Insights (FMI). Several players are capitalizing on opportunities arising out substantial investments by end-use industries to install LED lighting on a massive scale in various developing and developed countries. A number of electronics companies are entering into the market while some semiconductor players are exploring lucrative avenues, which is expected to intensify the competition in the market. Furthermore,service providers as well as component manufacturers are expected to benefit from the vastly emerging opportunities in the market in the coming years, notes FMI.

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Adoption in Automotive Products to Create Lucrative Opportunities

Equipped with lower maintenance requirements and higher operational benefits, including durability and almost instant luminescence, LED lighting system is gaining traction in various commercial applications in various parts of the world. However, the lack of cold-temperature conditions and inclement weather might dim the intensity of the light in some outdoor applications. This is a key factor reducing the viability of these systems.

Nevertheless, advancements in solid state technologies will enable manufacturers get over these constraints in the coming years. The rising adoption of LED lights to replace conventional incandescent lights automotive products is expected to open up lucrative avenues for manufacturers. The advent of LED lights that combine style with safety features is expected to open up exciting avenues in the automotive industry. A burgeoning demand for smart lighting in exterior and interior automotive parts is likely to bolster uptake.

The study presented here is based on a report by Future Market Insights (FMI) titled “LED Lights Market: Luminaries to Dominate the Product type Segment throughout the Assessment Period: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022).”

LED Lights Market: Segmentation

Product Type

Lamps
Luminaries

Sales Channel

Modern Trade
Departmental Stores
Convenience Store
E-Commerce
Other Retail Format

Application

Residential
Office
Industrial
Shop/ Stores
Hospitality
Outdoor
Architectural

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Table Of Content

1. Global LED Light Market – Executive Summary

2. Global LED Light Market Overview

3. Global LED Light Market Analysis and Forecast By Product Type

4. Global LED Light Market Analysis and Forecast By Sales Channel

5. Global LED Light Market Analysis and Forecast By Application

6. Global LED Light Market Analysis and Forecast By Region

7. North America LED Light Market Analysis and Forecast, By Country, 2012-2022

8. Latin America LED Light Market Analysis and Forecast, By Country, 2012-2022

9. Europe LED Light Market Analysis and Forecast, By Country, 2012-2022

10. Japan LED Light Market Analysis and Forecast, By Country, 2012-2022

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Cloud Business Email Market Research Report 2022 – Global Forecast till 2027

The IT sector worldwide is seeing progressive changes attributable to the expansion of cutting edge and inventive technologies that are fuelling worldwide market development. The coming of the cloud in all aspects of the business has made it advantageous for enterprises to deal with their everyday business exercises, including business email solutions. Such technological progressions commonly first hit the IT sector in North America, making the region the leader of all innovations. The market for cloud business email in North America is ready to exploit the innovative progressions in the region and rise as the biggest regional market based on revenue contribution to the worldwide market. A few organizations have begun actualizing the G-suite with add-on AI highlights to provide enhanced conveyance of enterprise email in an offer to draw in consumers.

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In the previous few years, financial establishments all over Europe have been fast in the reception of hosted cloud services transversely public clouds to guarantee expedient speedy financial services delivery in an offer to meet changing sector and consumer needs with more productivity and more noteworthy ease of security concerns. This is altogether adding to the revenue development of the Europe cloud business email market.

cloud-business-email-market

Developing acceptance of cloud email with AI: Business ventures in North America progressively use cloud email solutions to deal with their everyday assignments. A few organizations have begun actualizing the G suite with add-on AI attributes to provide enhanced conveyance of enterprise email in an offer to pull in consumers. The G suite including man-made AI offers endeavor specialized tools, for example, word processing docs and hangouts that help enhance work efficiency. This aspect is boosting the regional market for cloud business email solutions.

Expanding implementation of hosted cloud services by financial institutions: Across North America financial foundations have been brisk in the acceptance of hosted cloud services all over public clouds to guarantee quick conveyance of financial services in an offer to meet evolving industry and consumer demand with more effectiveness and more noteworthy ease of security concerns. This is fundamentally adding to the revenue development of the North American market.

After APEJ, Western Europe and North America would be essentially higher development markets in the worldwide market for cloud business email. The Western Europe market would record steady incremental prospects of US$ 498.5 Million during 2017-2027 whereas APEJ will record incremental prospects of US$ 823.2 Million amid the assessment time frame.

Key Takeaways from Market Study

The solution provider is incessantly centering on carrying out the G suite with add-on AI features to provide enhanced delivery of enterprise email in an offer to pull in users.
Illegal intrusions, increasing cyber threats, and data security issues, which is the foremost challenge for the worldwide market.
The mainframe, UNIX, Linux, Windows, and others, these are functioning environment catered for the market.
The rising acceptance of BYOD technology in business enterprises is a foremost prospect for the worldwide market.

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“Cloud service providers continuously focuses on manage email application solutions and services to help enterprises secure their custom email accounts accessed by employees through BYOD technology, such factors increasing demand for cloud business email market,” Says the FMI Analyst

Increasing Adoption of Cloud Business Email Solution amid the COVID-19 Pandemic outbreak

Nowadays, the COVID-19 crisis around the world showed that several organizations need to ensure they can work from anywhere, anytime, and creating greater urgency to adopting all forms of cloud. During this COVID-19 crisis, office-based employees have become remote workers. Cybercriminals can take advantage of distracted employee web browsing behavior and email behavior. As a result of COVID-19, Cybercriminals are also taking advantage of extensive discussion of the outbreak in cloud business emails and across the web. There continues steady growth in the number of COVID-19-related spear-phishing attacks, up 67% since the end of March. Increasing adoption of cloud business email solution with artificial intelligence to detect signs of malicious intent and deception with every email.

Increasing Demand of Hosted Cloud Services by Financial Institutions

Financial institutions across the globe have been quick in the adoption of hosted cloud services across public clouds to ensure speedy delivery of financial services in a bid to meet changing industry and customer demands with more efficiency and greater ease of security concerns. This is significantly adding to the revenue growth of the cloud business email market.

More Valuable Insights on Cloud Business Email Market

FMI’s report on the cloud business email market is segmented into three major sections such as operating environment (windows, Linux, Unix, Mainframe, and others), verticals (BFSI, healthcare, media & entertainment, IT & telecom, energy & power, automotive, consumer goods & retail, and others), and region to help readers understand and lucrative evaluate opportunities in the cloud business email market.

Key Questions Answered in the Report

What is the anticipated market value of the global cloud business email market?
Who are the prominent players of the global cloud business email market?

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