Ascending Taxes Lowering Profit Margins in Netherlands Tobacco Industry: Ken Research

Posted on 16 February 2017 by KenResearch Food and Beverage ,

Ken Research has announced its distribution on, “Smoking Tobacco in Netherlands, 2016” which provides extensive and highly detailed current and future market trends in the Netherlands 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. The report well portrays the differing growth rates in regional product sales lead to fundamental shifts in the market. It also aids the user to comprehend the market dynamics and essential data to benchmark their position and further identify where to compete in the future.

The Dutch smoking tobacco market had emerged as a duopoly, with two major multinationals-Imperial Tobacco and BAT-dominating sales. After Germany, the Netherlands account for the second largest market for smoking tobacco in Europe and in per capita terms it is by far the largest market in Europe.

Production of smoking tobacco in the country is quite immense since it continues to be a major export base, and volumes are deviating year-to-year recently.  In the recent years, other suppliers and private label brands have escalated and Imperial Tobacco heads the market with its major strength in the tobacco market.

The factors that negatively impact the tobacco market are as follows:

  • Ascending taxes
  • Smoking bans
  • Increased health awareness
  • Smoking tobacco continued to fall in 2015 and even despite the shift from cigarettes to smoking tobacco, the category yet decreased by 4% in retail volume terms.
  • Imperial Tobacco Netherlands and Royal Theodorus Niemeyer BV continued to head the smoking tobacco in the Netherlands in 2015, reckoning for a combined retail volume share of 73%.
  • Consumption of smoking tobacco products is further forecasted to persist down falling due to the above mentioned factors as the demand is also expected to fall with effect to the circumstances to proceed in the future years.

For more coverage click on the link below:


https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smoking-tobacco-netherlands-2016/82335-11.html 

Related links:

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smoking-tobacco-in-australia-2015/3283-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smoking-tobacco-in-finland-2015/3284-11.html

 

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Baby Food Market in Singapore to Ameliorate in Future: Ken Research

Posted on 16 February 2017 by KenResearch Food and Beverage ,

Ken Research has announced its distribution on, “Baby Food in Singapore” which provides extensive and highly detailed current and future market trends in the Singapore market. The report provides consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry. It offers detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.

It gives an overview of the baby food retailing with discussion on major retailers in the country along with the distribution channels. It well portrays the market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.

It analyzes the current and forecast behavior trends in each category to identify the best opportunities to exploit and investigates which categories are performing the best and how this is changing market dynamics along with future projections considering various trends which are likely to affect the industry.

Singapore comes under the wealthiest countries in the world but its baby food market is small being sophisticated and optimistic. The Singaporean baby food market is smaller in terms of total size, but highly developed in terms of per capita consumption and the deviations in the number of births have a direct effect on the sales of baby food.

Nestle was the only major company which had a share in all market segments and Singapore recently became an Asian hub for the production of baby milk.

The meals & drinks sector has recorded a significant growth in both volume and value terms. In 2015, in value terms, almost 90% of the market included baby milks, with the bulk of the remainder split between baby meals/drinks and baby cereals and in volume terms, milk reckoned for 76.9%, wet meals and drinks for 12.8%, cereals for 9.5% and finger foods remain marginal.

 

Total baby food consumption is further forecasted to augment well by 6.5% in the coming years and prospects for the market depend majorly on the number of births and are based on a slow but continuous rise in the number of births which are seen to be the main reasons of evolution in future.

 

For more coverage click on the link below:


https://www.kenresearch.com/consumer-products-and-retail/baby-care/baby-food-singapore/82336-95.html

 

Related links:

https://www.kenresearch.com/consumer-products-and-retail/baby-care/china-baby-food-and-infant-formula-market-research-report/270-95.html

 

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/france-baby-food-and-formula-industry-research-report/288-11.html

 

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Ken Research

Ankur Gupta,

Head Marketing & Communications

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Smokeless Tobacco Market Experience Escalation in Denmark: Ken Research

Posted on 14 February 2017 by KenResearch Food and Beverage ,

Ken Research has announced its distribution on, “Smokeless Tobacco in Denmark, 2017” which provides extensive and highly detailed current and future market trends in the Danish tobacco market. The report covers market size and structure along with per capita and overall consumption. Moreover, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2025. It helps to understand the market dynamics and essential data to benchmark the market position and to identify where to compete in the future.

It gives a detailed, authoritative data on the changes that inundates prime intelligence for marketers so that the industry prospers well. It outlines a detailed understanding of consumption to align the sales and marketing efforts with the latest trends in the market and enables the users to identify the areas of growth and opportunities, which is expected to aid effective marketing planning.

Market Dynamics

The Danish tobacco market is very disparate to its Scandinavian counterparts as the smokeless tobacco market is proportionately niche compared to its northern neighbors.

A ban was forced on the portion snus, the most popular smokeless tobacco product, that lead to the entire segment falling to only 7 tons of consumption in 2016 compared to 75 tons in 2015, before the ban. It badly affected the overall size of the market

The illegal consumption of loose snus that was imported from other Scandinavian countries has met the local demand for the same since the ban in early 2016.  As per records, 20% of Danes used smokeless tobacco irregularly but only 1% of the total population used it regularly.

With the ban on snus and the additional part of other smokeless tobacco products like chewing tobacco expected to stay, the entire segment is forecasted to remain small and very niche in the medium-to-long term.

This segment of the market is expected to descend further to only 6.4 tons though by 2025, because of the changing consumer habits and the continued ban of snus which clearly depicts that in spite of the ban being there, the habits of the users of smokeless tobacco are not going to be changed that easy and many new users are expected to evolve as well with the passage of time.

For more coverage click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smokeless-tobacco-denmark-2017/82333-11.html


Related links:

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smokeless-tobacco-initaly-2016/7616-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smokeless-tobacco-france-2015/8512-11.html

 

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Head Marketing & Communications

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Smokeless Tobacco Market in Finland to Strive Through Challenges: Ken Research

Posted on 14 February 2017 by KenResearch Food and Beverage ,

Ken Research has announced its distribution on, “Smokeless Tobacco in Finland, 2017” which provides extensive and highly detailed current and future market trends in the Finnish tobacco market. The report covers market size and structure along with per capita and overall consumption. Moreover, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2025.

It helps to understand the market dynamics and essential data to benchmark the market position and to identify where to compete in the future. It gives a detailed, authoritative data on the changes that inundates prime intelligence for marketers so that the industry prospers well.

It outlines a detailed understanding of consumption to align the sales and marketing efforts with the latest trends in the market and enables the users to identify the areas of growth and opportunities, which is expected to aid effective marketing planning.

The differing growth rates highlighted in the report in regional product sales are expected to drive fundamental shifts in the market.

Key Dynamics 

  • The local production of smokeless tobacco products terminated in 1997 and the market had managed to serve exclusively through imports thereafter in a perfect manner such that it was able to fulfill the demands of 2% men in Finland who used smokeless tobacco products on a daily basis in 2014.
  • The Finnish smokeless tobacco market like other Scandinavian countries has had a comparatively large smokeless tobacco market that reckoned for 16.6% of the total market in 2015.
  • When in 2016, a law banned loose snus which was the largest segment of the category for keeping Finland in line with EU anti-tobacco directives, the legal sale of snus ceased but the high local demand for the product remained constant and didn’t fall across the country.
  • Recently, the consumers have managed to import snus from neighboring countries, particularly Russia and Sweden, for personal use as well as illegal re-sale.
  • Besides the ban imposed on loose snus, the per capita consumption of smokeless tobacco which was majorly led by imported snus, increased to 201.1g in 2016 from 84.3g in 2005 as well as smokeless tobacco volumes rose to 1,060 tons in 2016 from only 440 tons in 2005.
  • Ultimately, the market is forecasted to grow steadily in the long term due to the black market snus consumption prevalent currently in the market and the same is forecasted to evolve in the coming years since the ban will not let all the consumers use the product which they aspire for.

For more coverage click on the link below:


https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smokeless-tobacco-finland-2017/82334-11.html 

Related links:

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smokeless-tobacco-initaly-2016/7616-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smokeless-tobacco-france-2015/8512-11.html

 

Contact:

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Ankur Gupta,

Head Marketing & Communications

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+91-124- 4230204

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Advertising to Play an imperative Role in Flourishing China Soy Sauce Industry: Ken Research

Posted on 13 February 2017 by KenResearch Food and Beverage ,

Ken Research has announced its distribution on, “China Soy Sauce Industry Overview, 2017-2021” which provides:

  • Reasons for development of Soy Sauce Brewing Industry in China
  • Production and Demand of Soy Sauce in China
  • Competition in Soy Sauce Market in China
  • Top Soy Sauce Producers in China
  • Price Trend of Major Raw Materials of Soy Sauce Brewing in China, 2013-2016
  • Major Driving Forces and Market Opportunities in Soy Sauce Industry in China, 2017-2021
  • Threats and Challenges in Soy Sauce Industry in China, 2017-2021
  • Forecast on Supply and Demand of Soy Sauce in China, 2017-2021

ECONOMIC OUTLOOK

  • Soy sauce is a type of condiment made from soybeans used for cooking East Asian cuisines. In addition to salt, soy sauce also contains various kinds of amino acids, carbohydrate, organic acid, spices, etc. The flavor of soy sauce is mainly salty and it can also be umami and aromatic.
  • According to Chinese official standards, soy sauce can be segregated into the brewed and the formulated by raw material; It can be produced by low-salt solid technique, leaching technique and high-salt liquid technique; It also can be categorized into supreme, first-class, second-class and third-class soy sauces by quality (i.e. amino acid nitrogen content).
  • Over the past few years, in terms of output volume, leading enterprises were Foshan Haitian Flavoring & Food Co., Ltd., Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd., Jiajia Food Group Co., Ltd., Lee Kum Kee and Shanghai Totole Food Co., Ltd.
  • Recently, with enumeration of channels and products, leading enterprises in China's soy sauce industry are rapidly expanding through nationwide advertising, multi-channel marketing strategies, acquisitions and restructuring. They are becoming integrators of the industry based on diversified operations and are expected to get better in the years to proceed.
  • It is the leading product in China's condiment industry with the largest annual output volume, outlining huge potential for growth. In recent years, China's soy sauce output volume has been rising steadily and is expected to flourish in the coming years.
  • In China, major consumers are from the catering industry and households. In recent years, with the improved consumption standards and nutrition awareness of Chinese consumers, demand for soy sauce with special features has been increasing and is forecasted to keep up the pace of being demanded by the consumers who love its taste.
  • In addition, inexpensive soy sauce also enjoys a large market mainly in the third and fourth tier cities and rural areas and will enjoy in future as well. Even, soy sauce products are expected to move from the middle end to the high end in the coming years and structural adjustment is a long-term trend given the overall consumption upgrading of the society which is expected to occur in the future with innovation taking its toll.
  • China's soy sauce industry enjoys a massive space to grow and will definitely reach great heights of success. The catering industry's demand for soy sauce is galvanized because residents' income increases, their lifestyle changes and people eat out more often. Along with, demand for high-end soy sauce is forecasted to continue increasing with the progress of China's soy sauce brewing techniques, the fusion of eastern and western catering cultures and consumers' growing health awareness.

For more coverage click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/china-soy-sauce-industry-overview/81317-11.html

Related links:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/global-soy-products-market-acquisitions-march-2014/1350-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/global-seasonings-dressings-sauces-market-acquisitions-september-2015/3331-11.html

Contact:

Ken Research

Ankur Gupta,

Head Marketing & Communications

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Beer Market in Turkey is shrinking due to Constricting Government Regulations: Ken research

Posted on 12 February 2017 by KenResearch Food and Beverage ,

Ken research announced its recent publication on 'Turkey Beer Market Insights Report 2016'. The report provides a comprehensive analysis on the beer market of Turkey. It does a thorough  analysis on the historical background trends, competitive landscape in the industry, drivers of current and emerging trends. Further, it tells about the top line production, import, export values and detailed beer consumption volume data by segment, brand, brewer, packaging and distribution.

Turkey is a transcontinental country is Eurasia, mainly in Western Asia and little part in the southeast Europe. Turkey has a strong economic structure, it is classified among the developed economies of the world and is defined as an emerging economy by IMF. It is the 17th largest economy and is mainly service based . It is among the word’s largest producer of agricultural products; textiles, transportation equipment construction materials, home appliances and consumer electronics.. The nation is the founding member of OECD and joined EU custom union in 1995. Post global recession where many countries struggled to get back on track, turkey grew at an impressive rate of about 8%. This nation is a newly industrialized one and is classified as an upper middle income country by the World bank.. In 2009 Turkish government introduced a number of policies to stimulate the economy stuck in global recession. These included the tax cut on automobiles, home appliances and housing . Due to this , the production of consumer goods increased by over 7%. Turkish stock market has also been doing well as the prices of share doubled over the course of 2009.

Turkey has a high population with average population density. It also has slightly high population growth rate as compared to the world median. Majority of the Turks live in the Urban areas as rural population makes up about 26% of the population and is steadily declining. The net migration rate is also high , as about 2 million people immigrated in the country as per 2015. It also has a low birth rate and a low death rate. Turkey is at par with the world level of educationattainment and has a high literacy rate.

Turkey has a historic tradition of beer consumption. It has existed in Anatolia since Sumerian civilization. In the modern era, the beer consumption in turkey picked up speed just before the 20th century , with the establishment of the Bomanti beer factory . Beer accounts for most  of all the alcohol consumption and almost all  of this beer are domestically produced. However, the Turks aren’t big beer drinker as the per capitalconsumption is much less than the European average. . Two companies , Andolou Efes  and Turk turbog have monopolized the market 

This industry grew by over 20% in the initial years of the 21st century but has seen a steady downfall since then. The decision by Anadolu Efes to shut down a production facility due to fall in sales brought the problems in the Turkish industry in then on the surface. The biggest hurdle the numerous legal regulations stamped upon the industry. Beer market had shrunk significantly in the 2013. This has happened after the Justice and Development party came to power in 2002. The part is socially conservative and thus aims to promote Islamic values in the Muslim dominated nation. The government banned the sale of alcohol between 10pm and 6 am. The advertisement of alcohol was banned completely. Its portrayal  on the Television and in movies is also strictly prohibited. Furthermore, The shops, restaurants, eateries cannot put up a sign indicating that they sell alcohol.  The brunt of these regulations is also felt by the airlines who cannot provide the beer on board. The AKP government raised the tax to about three fold making the Turkish beer one of the highly taxed in Europe

Thus, the Turkish beer market is at high risk. The APK government has been reelected again with vast majority. Due, to religious beliefs people are shying away even from non alcoholic beer. These new rules will prevent the new brands to enter into market as they will no longer be able to advertise their product.  The import of liquor has already declined by over 1 million  cases in the one decade. Even after there are some manufactures who have maintained a hopeful stand saying that the market has immense growth opportunity and the rules are just political moves so will not hamper the consumption of much.

 

For more details click on the link below

https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/turkey-beer-market-insights-report-2016/73701-11.html

Related links

https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/global-beer-trends-2016/73697-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/beer-market-east-europe-2019/1392-11.html

 

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Ankur Gupta, Head Marketing & Communications

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Demand of Gourmet Powder to Escalate in China: Ken Research

Posted on 08 February 2017 by KenResearch Food and Beverage ,

Ken Research has announced its distribution on, “Overview of Gourmet Powder Industry in China, 2017-2021” which provides:

  • Reasons behind developing environment of Gourmet Powder in China
  • Production and Demand Status of Gourmet Powder in China
  • Competition in Gourmet Powder Market in China
  • Import and Export Status of Gourmet Powder in China
  • Details about top Gourmet Powder Manufacturers in China
  • Major Driving Forces and Market Opportunities in Gourmet Powder Industry in China, 2017-2021
  • Threats and Challenges in Gourmet Powder Industry in China, 2017-2021
  • Forecast on Supply and Demand of Gourmet Powder in China, 2017-2021


    BUSINESS OUTLOOK

Gourmet powder is a sort of condiment and mainly made of glutamic acid which is mainly used to enhance the flavor of food and is largely used in soup and sauces in East Asian cuisine. It is produced by fermented method. This industry is a type of processing industry that uses starch and molasses as major raw materials.

Standard of living of people is improving with the stable development of Chinese economy. The rapid development of catering and food processing industry further stimulates the consumption of industrial and catering gourmet powder. With consumers paying more attention to flavors of food products, the consumption of household gourmet powder is also rising.

Overall, the demand for gourmet powder remains stable. According to a research, from 2011 to 2016, the annual demand remained over 2 million tons in China's gourmet powder industry.

Gourmet powder industry has basically faced three tiers of restructurings. Entry barriers get higher due to government policies. Its annual growth rate remains constant, leading to fierce industrial competition and a oligopoly structure.

Fufeng Group, Meihua Biological Technology Group Co., Ltd., Ningxia EPPEN Biotech Co., Ltd., Lotus Health Industry Holding Group Company and Shandong Shenghua Group has accounted for more than 80% of the total annual output volume of gourmet powder in China in 2016.

China is the largest producer of gourmet powder in the world. The export rebate of gourmet powder increased from 0 to 13%, which was implemented on January 1, 2015 and promoted the import of gourmet powder in China. With the increasing export of Chinese condiment and fermentation products, the demand for gourmet powder is also expected to ascend.

Corns and coals take up the largest portion of the total cost in gourmet powder manufacturing in China. The cost of corns is steady while that of coals fluctuates much due to factors of economic cycles and market speculation.

Gourmet powder manufacturing industry faces increasing costs of environment protection and labor, the production costs and price of gourmet powder both portray an upward trend in China.

The downstream industries of gourmet powder are concentrated in food processing industry, catering industry and household consumption.

Because of the rising resident income, the consumption upgrading and also the nationwide saga about gourmet powder harmful to human health, the demand from catering industry and households for gourmet powder decreases, while the demand for soy sauce and chicken essence increases.

  • In recent years, the demand of powder has risen following the boosting trend of consumption upgrading in catering industry and households. Also, condiments, like soy sauce and chicken essence, multiply rapidly, leading to an increasing demand for gourmet powder in food processing industry ultimately since the powder is a part of these products and further the demand of the gourmet powder is expected to rise with more and more people being concerned about the taste of the food they eat.

For more coverage click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/overview-gourmet-powder-industry-china/81316-11.html

Related links:

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/global-gourmet-salts-market/73169-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/food-services/red-robin-gourmet-burgers-inc-foodservice/45163-11.html

Contact:

Ken Research

Ankur Gupta,

Head Marketing & Communications

query@kenresearch.com

+91-124- 4230204

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Aftermath of change in tax structure-Cigarette Market in Cambodia: Ken Research

Posted on 08 February 2017 by KenResearch Food and Beverage ,

Ken research announced recent publication on, "Cigarettes in Cambodia 2016". The report gives a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market. Identify 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 this changes-prime intelligence for marketers. Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future. Cigarettes in Cambodia 2016 are an analytical report provides extensive and highly detailed current and future market trends in the Cambodian 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.

Cambodia's return to democracy in 1993, while bringing about conditions that should in theory benefit a market such as cigarettes, was also accompanied by rising non-duty paid sales. This resulted in duty paid volumes dropping to around six billion pieces in 2006, although some improvement to 7.5 billion pieces was recorded by 2014. Per capita consumption rates have fallen as the country's population has expanded and stood at 485 pieces in 2015, 24.9% lower than in 1990. Cambodia has a rapidly growing population of 15.5 million people in 2014.

Only just over half of cigarettes smoked are filtered, their share up only slightly on 1990. Virginia blends are the most popular. With per capita incomes rising, demand for mid-priced brands is growing. However, it is high priced brands that are seeing the strongest growth, their share rising to 6% of volumes in 2007 compared with only 2% in 2004. Until the mid-2000's Cambodia had a relatively relaxed approach towards the regulation of the tobacco market. This changed in November 2005, when the country's government ratified the WHO's Framework Convention on Tobacco Control. Moves following the ratification of the FCTC include the launch of graphic on-pack warnings in July 2010. 

America, Vietnam, Malaysia, Indonesia, Switzerland, Thailand, and China are just a few of the sources of imported cigarettes in Cambodia. Cigarette promoters will have to stop work when a tobacco advertisement ban takes effect in late August, a health official said yesterday. A February sub-decree, which also bans advertising tobacco in the media and on billboards, states that the “promotion of tobacco products to customers by agents of tobacco companies shall be prohibited.” Yel, Daravuth, tobacco-free initiative project managed at the World Health Organization, said this clause meant that cigarette promoters would have to seek alternate jobs.

Within almost six months of a sub-decree going into effect requiring graphic warnings on all cigarette packages, Health Minister Mam Bunheng issued a second warning this month to tobacco companies not complying with the regulations, threatening to take legal action. The January 16 warning follows a first notice issued in early October prompted by companies’ low compliance with the sub-decree, which went into effect in July. Under the rules, graphic photos must cover 50 percent of cigarette packets, and a written message in Khmer must cover another 5 percent. Those found violating the rules are subject to fines of about $1,000 for tobacco companies, $500 for distributors and wholesalers, and $2.50 for retailers. The ministry will take legal action soon for companies that don’t obey the law and sub-decree,” Bunheng said in the warning. “The ministry . . . will not issue a third warning.” Ung Phyrun, secretary of state at the Ministry of Health, said the ministry will only warn companies twice before punishing them. “This is the principle to make everyone obey the law, to make the companies aware of this,” he said. Phyrun would not directly address why companies are still non-compliant. “We will talk to all the [tobacco] companies that are doing [business] in Cambodia,” he said.

Cigarette companies are spending millions of dollars in advertising and promotional campaigns in Cambodia. Yet the market is small - five to seven billion sticks sold per year - and annual growth, at roughly three percent, is not spectacular. According to studies by, 70 percent of all males smoke, while cultural taboos suggest that the cigarette industry will not be able to make inroads among females: only one female in ten smokes, and nearly all of them are above 40 years old. Instead, companies are spending millions building brand loyalty in a country where consumers seem to switch brands on a whim. This means targeting the 18 to 35-year-old smoker and depending on the aspiring middle class to move from their medium-priced cigarettes to higher-priced brands.

For more coverage click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/cigarettes-cambodia-2016/79693-11.html 

Related links:

Smokeless Tobacco in France, 2017

 Smokeless Tobacco in Finland, 2017 

Contact: 
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com

+91-124-4230204
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Infrastructure expenditure in South Africa to Rise in Future: Ken Research

Posted on 07 February 2017 by KenResearch Manufacturing And Construction ,

Ken research announced recent publication on, "Infrastructure Insight: South Africa". The report provides a detailed look into the infrastructure sector in South Africa, including analysis of the state of the current infrastructure, the regulatory and financing landscapes, and the major projects in the construction pipeline. The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports.

A concise analysis of the administrative, economic and political context for infrastructure in South Africa. An in-depth assessment of the current state of infrastructure in South Africa is done. A focus on main political and financial institutions involved in the infrastructure market, as well as the competitive and regulatory environment is studied. For each infrastructure sector, an explanation of the key drivers of growth in new investment and an analysis of the project pipeline, with a detailed look at the prospects for major projects and the companies that have secured contracts has been provided.

It is well known that currently tracking 96 strategic infrastructure construction projects in South Africa at all stages of development, from announcement to execution. These projects have a total investment value of USD 117.9 billion. Infrastructure expenditure in South Africa is forecasted to increase over the 2016-2020 period. The electricity and power sector accounts for the largest share of the project pipeline, with a total project value of USD 90.2 billion. This is followed by railway infrastructure projects with a pipeline of USD 11.1 billion. The pipeline for road infrastructure projects values USD 6.5 billion, and for water and sewerage infrastructure it stands at USD5.9 billion. For airports and other infrastructure, the total pipeline stands at USD 4.1 billion.

In the 2015-2016 World Economic Forum Global Competitiveness Report, South Africa ranked 59th out of 140 countries in terms of the overall quality of its infrastructure. The country was positioned ahead of other major African countries, with Nigeria ranked 133, Egypt 114 and Algeria 101.

In the 2016 Medium-Term Budget Statement (MTBS), Finance Minister Pravin Gordhan announced that the government would continue to invest in economic infrastructure in line with the National Development Plan. Over 2016-2019 the government is planning to spend ZAR987.4 billion (USD 71.6 billion) in constructing and modernizing infrastructure. Of the total, ZAR334 billion (USD 24.2 billion) will be invested in transport and logistics, ZAR243 billion (USD 17.6 billion) in energy, and ZAR137 billion (USD 9.9 billion) in water and sanitation. According to Timetric's Infrastructure Intelligence Center (IIC), the infrastructure construction market's value rose from ZAR152.5 billion (USD 11.1 billion) in 2010 to ZAR222.3 billion (USD 16.1 billion) in 2015, and is projected to reach ZAR335.3 billion (USD 24.3 billion) by 2020 in nominal value terms.

This is based on the assumption that a number of major infrastructure projects will proceed as planned, including the 5,000 MW Upington Solar Power Park project, the Gautrain Commuter Expansion, the Gauteng Freeway Improvement: Phase II Bulk Distribution System, the Port of Ngqura Manganese Export Terminal Expansion and the Johannesburg-Durban High-Speed Rail Link. However, there are policy and political uncertainties that will weigh on investor confidence and could result in projects being delayed.

This paper reports on research that investigated perceptions and prioritisation of key performance indicators (KPI) for infrastructure sustainability, from a cross section of construction industry stakeholders in South Africa. The results show that although there is general agreement on the indicators, there are noticeable differences in stakeholder ranking, which measures their prioritisation of the various indicators. These differences are closely linked to the level of development of the respective country and hence macro‐level priorities in formulating their sustainable development agenda. The most significant agreements are on indicators related to health and safety, while there are significant disagreements on some indicators related to environment, economy and project management and administration. The study provides empirical evidence of such underlying differences.

The paper discusses the implications and challenges in addressing sustainability and sustainable development in developed and developing countries. Recommendations are given on the application of these indicators for decision‐support and integrated sustainability appraisal in infrastructure project (SUSAIP). Infrastructure prioritisation is rising up the agenda for governments, developers and investors around the world. Now, more than ever, governments and societies need a long-term plan that focuses on responding to the needs of society rather than the influences of the political cycle.

While the need for new appraisal and prioritisation methodologies is critical, relatively limited research seems to have been conducted in this area. Few sources exist for those looking for leading practices and insights into developing their own assessment methodology. To close this gap and to help governments and project owners get more from their investments, we set out to research and assess current approaches to prioritisation and assessment in a variety of markets around the world.

In this report, we shine the spotlight onto the emerging market – South Africa, arguably, boasts the most mature frameworks for assessing and prioritising infrastructure investment.

 

For more coverage click on the link below:

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/infrastructure-insight-south-africa/82327-97.html

 

Related links:

Construction in Vietnam, Key Trends and Opportunities to 2021 

Infrastructure Insight: China 

 

Contact: 
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com

+91-124-4230204
www.kenresearch.com

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Non Life Insurance Sector to Flourish in New Zealand: Ken Research

Posted on 07 February 2017 by KenResearch Banking Financial Services and Insurance ,

Ken Research has announced its distribution on “Non-Life Insurance in New Zealand, Key Trends and Opportunities to 2020” which provides  a detailed outlook by product category for the New Zealand non-life insurance segment, and a comparison of the New Zealand insurance industry with its regional counterparts.

The report furnishes values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income during the review period (2011-2015) and forecast period (2015-2020).

It well analyzes distribution channels operating in the segment, gives a comprehensive overview of the New Zealand economy and demographics, explains the various types of natural hazard and their impact on the New Zealand insurance industry, and provides detailed information on the competitive landscape in the country.

It also includes the details of insurance regulations, and recent changes in the regulatory structure and offers a detailed analysis of the key categories in the New Zealand non-life insurance segment, and market forecasts to 2020.

It helps to make strategic business decisions using in-depth historic and forecast market data related to the New Zealand non-life insurance segment, and each category within it and enables the users to comprehend the demand-side dynamics, key market trends and growth opportunities in the New Zealand non-life insurance segment.

Through this report, a user can properly gain insights into key regulations governing the New Zealand insurance industry, and their impact on companies and the industry's future as well as have access to proper analysis of the competitive dynamics. 

 

 

ECONOMIC OUTLOOK

 

  • Agriculture had played a significant role in New Zealand's economy since the beginning and therefore insurers in New Zealand have started furnishing a range of insurance options for farmers and farm assets.
  • Premium costs of motor insurance had remained steady and the customers with good claims histories or who invested in fleet risk-management programs had well received the premium discounts.
  • Due to presence of domestic as well as foreign insurers, New Zealand’s life insurance segment had been highly competitive.
  • The development of insurance penetration and demand for non-life insurance was supported by country-wide distribution networks and high levels of customer trust of brokers.
  • Property insurance marked for the largest cohort that accounted for 42% of the segment's gross written premium in 2015.
  • Cyber security insurance is what is new in the country and an emerging trend if seen from the future perspective. To support this, legislations regarding cyber-risks are still evolving in New Zealand.
  • Plus4, national insurance advisory, has very well expanded and now has over some 45 advisers working from 17 locations between Whangarei and Invercargill. Group members, who have no affiliations to any specific insurance provider, provide unbiased advices tailored to their individual and business clients’ requirements. They work predominantly with small to medium sized enterprises, their owners and their accountants.
  • The non life insurance sector is expected to ameliorate at an ever growing CAGR year after year with increased awareness amongst the people and their evolving needs for getting insured against risky ventures. Insurance will soon be treated as a tool to curb losses that one has to suffer otherwise.

 

For more coverage click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/non-life-insurance-new-zealand-key-trends-opportunities/82329-93.html

 

Related links:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/non-life-insurance-lebanon/21075-93.html

 

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/industry-competitive-landscape-lebanon/43120-93.html

 

Contact:

Ken Research

Ankur Gupta,

Head Marketing & Communications

query@kenresearch.com

+91-124- 4230204

www.kenresearch.com

...

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