Media Releases

Flourishing Tourism Sector Driving Retail Industry in Malaysia: Ken Research

Posted on 16 November 2016 by KenResearch Consumer Products and Retail ,

· Malaysia is the third wealthiest in Southeast Asia by GDP per capita values.

· Incorporation of GST from April 2015, has impacted the purchasing capacity of consumers in a big way.

· Online retail market also growing in a traditional retail sector.

· Voyagers from China don't have to apply for Malaysian Visa from 1 March 2016. This ought to draw in 8 million Chinese sightseers to visit Malaysia for holiday and shopping.

Ken Research declared its most recent production on, " Retailing in Malaysia-Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020 ", offer bits of knowledge on the changing trends and key issues inside the Malaysia Retail market. The production incorporates a shrewd investigation of the most recent trends in retail consumer shopping, covering the components driving retail shopping, customer insights, market trends and surveys of the most recent best practice in retail site design. It likewise provides information to forecast and historic retail sales, furthermore incorporates data on the business environment and country risk related to Malaysia's polish retail environment. In addition, it has comprehensive knowledge on fastest growing product categories and also on the key international and domestic players operating in the Polish retail market-including store counts and revenue.

International trade plays an exceptionally noteworthy role in Malaysia's economy. At one time, it was the biggest maker of tin, elastic and palm oil on the planet. The economy of Malaysia is the fourth biggest in Southeast Asia, and 35th largest on the planet. Malaysia is additionally the third wealthiest in Southeast Asia by GDP per capita values, after the city-districts of Singapore and Brunei. Malaysia's economy is one of the most competitive in the world, positioning fourteenth in the Ease of Doing Business Index for 2015. Malaysian economy is profoundly vigorous and broadened with fare estimation of cutting edge items in 2014 remained at 63.3 billion USD, the second most elevated after Singapore in ASEAN. Malaysia exports the second biggest volume and estimation of palm oil items internationally. Malaysia's top individual and corporate income assess rates are 25 percent; the corporate rate is set to decrease in 2016. Different duties incorporate a capital increases assess. The general taxation rate meets 15.8 percent of aggregate residential pay. Government spending adds up to 29.3 percent of GDP. Expansive government spending ventures have added to a spending deficiency above 3 percent of GDP, and open obligation levels with 57 percent of aggregate local yield. Malaysia's normal tariff rate is 4.3 percent. Imported vehicles are liable to high taxes. State-claimed undertakings assume a huge part in the economy. The monetary area stays stable.

In initial quarter of 2015, Malaysian retail industry recorded a growth rate of 4.6% in retail sales and the industry witnessed the poor growth rate of 11.9% in the second quarter of the same year. The incorporation of GST affected all retail sub-sectors, retailers from grocery, fashion and accessories, electronics, foods and beverages and tourism, since 1 April 2015.The fundamental difficulties for Malaysian shopping malls in 2015 had been lessened consumer' spending and rising operation costs. Because of the incorporation of Goods and Services Tax (GST) in April 2015, Malaysian buyers kept down their spending notwithstanding sustainable disposable earnings. Shopping movement of shopping malls dropped altogether amid the initial 2 months since the introduction of GST.

Malaysians are dynamic in online based shopping. Be that as it may, the exchange sum is still low when compared with the whole retail industry. Online retail sales represents under 2.0% of aggregate retail sales in Malaysia. More brick-and-mortar retailers in Malaysia now offer online based shopping. This pattern covers all retail divisions - worldwide luxurious brands, fashion garments, fashion embellishments, gifts, toys, books, furniture, equipment, electrical and gadgets, grocery and food. Along with this the more online retailers in Malaysia are setting up physical stores. Zalora.com.my has a perpetual commence at Mitsui Outlet Park. The notable Christy Ng Shoes has set up her showroom in Damansara Utama. Well known Facebook Fatbaby frozen yogurt has set up a dessert parlor in Subang Jaya. online shopping in Malaysia will not replace physical retail outlets any time in the coming future.

Malaysian government is focusing on 30.5 million visitor entries with expected tourism receipts of RM 103 billion in 2016. Voyagers from China don't have to apply for Malaysian Visa from 1 March 2016. This ought to draw in 8 million Chinese sightseers to visit Malaysia. The weak Ringgit will likewise empower not just more territorial voyagers (counting Singapore, Indonesia, Thailand and Brunei), additionally worldwide voyagers to go to Malaysia for holiday and shopping ,According to Ken Research

Topics Covers in the report

· Retailing in Malaysia Market

· Malaysia Retail Sector

· Global Retail Industry Research

· Malaysia Clothing Industry Revenue

· Malaysia Footwear Market Research Report

· Online Retail Industry Malaysia

· Food and Beverages Industry Malaysia

· Malaysia Tourism Sector

· Online shopping frenzy catches up in Malaysia

· Malaysia Clothing Retail Sales

· Malaysia Footwear Retail

To know more on coverage, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/retailing-malaysia-market-summary/53168-95.html

The European Air Traveler and Duty Free Spending Trends 2016-2017

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Urbanisation is Infusing Demand for Global Air Freshener Market: Ken Research

Posted on 07 November 2016 by KenResearch Consumer Products and Retail ,

Asia Pacific is estimated to develop as fastest growing market in this industry at 7.4% CAGR
Growth in the industry because of change in demographic patterns, dispensable earnings and high expectations of everyday comforts.
Manufacturers are leveraging on exotic natural compounds
Growing urbanisation in the emerging markets are going to drive high demand

Ken Research proclaimed its latest publication on, " Global Air Freshener Market Status, 2011-2022 Market Historical and Forecasts, Professional Market Research Report ", which offers insights on the worldwide and local market, significant manufacturers, and in addition the segment marketing subtle elements on various arrangements and applications. The major market information like production, price, revenue, export, import, market rate is analysed. Moreover projection for all the major regional markets like Europe, North America, South America, Asia (Excluding China), China and ROW are covered under this report. It also provided the data for future forecast of this industry and the new project speculation analysis. This report can be referred by all the individuals including manufacturers, suppliers, customers and investors.

The worldwide market for air fresheners is witnessing huge growth because of changing demographic patterns. Asia Pacific is estimated to develop as fastest growing market in this industry at 7.4% CAGR and Europe has acquired the largest market of this industry for a long time because of the development in dispensable earnings and high expectations for everyday comforts. Europe and US together record for the lion's partake in the worldwide air fresheners market. Notable companies operating in the North America car air Freshener market include S.C. Johnson, Procter & Gamble, Car-Freshener Corporation, Auto Expressions, and American Covers, Inc. The U.S. is evaluated to be the dominant region developing at a CAGR of 3.9% from 2015 to 2022 attributable to changing demographic patterns and high expectations for everyday comforts of customers. Vendors are concentrating on assembling natural and organic items to amplify their presence over the region. Expanding demand for natural items is required to drive innovation in item offerings by different players in the business. Moreover, longer drives have made a requirement for appealing and concoction free items, which is evaluated to trigger auto air fresheners market demand throughout the following few years.

Overall market for air fresheners was influenced by economic recession previously, however, with the recuperation in worldwide economy; this industry is reporting huge growth rates in the vast majority of its fragments. The real fragments this market incorporate are car air fresheners, gels, electric air fresheners and aerosols. Use of essential oils in the aerosols or sprays is the fastest growing product market. Procter and Gamble has pressed significantly more into its new item and transforming it into a remote-controlled air freshener. The gadget has movement sensors, a multi-hued LED light, and a temperature and humidity sensor. It can be programed by means of an iPhone or Android cell phone. P&G says the gadget works best with a Nest Learning Thermostat, which is utilized as a part of conjunction with a home's warming, ventilation and aerating and cooling framework to all the more uniformly scatter an aroma in a room. The module recognizes temperature and dampness in the room

To know more on coverage, click on the link below:

https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/global-air-freshener/53932-95.html

https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/male-toiletries-market-mexico-2017/1979-95.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

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Emerging Market for Ready to Eat Meals: Ken Research

Posted on 03 November 2016 by KenResearch Food and Beverage ,

Ken Research recently published a report on, “Top Trends in Snacks, Confectionery, and Desserts; Exploring consumer and innovation trends in key categories” which discusses detailed analysis of confectionery, leading players, distribution channels and consumer trends and the report sheds light on how the existing players can use this information to capture major share in the market. Additionally, major trends and drivers have also been covered, describing the market penetration and future potential of each product segment.

Consumer’s busy lifestyle has made them dependable on ready market meals but at the same time they are health conscious too. Health and wellness is one of the macro indicators today. To meet the rising demand of consumers for healthy meals, manufactures are innovating themselves with all the flavors. We can see such innovations in chocolate industry. In china, there are chocolates launched with ingredient as vegetables and manufacturers have gone beyond orange in citrus fruits and trying different flavors. Many unusual fruits are added to chocolates these days. Also the cereals are moving into chocolates. Cereals like granola and muesli are added to chocolates to add texture and to meet the consumers demand for healthy products. Consumer’s demand for new and interesting flavors can be challenging for manufactures but it can be considered as an opportunity for them. By developing innovative and unique product, they can capture a huge market share and this uniqueness of the product or flavor help manufacturer to gain a competitive edge in the market. This unique flavor can differentiate a product from the competition.

There is huge demand for ready meals market due to consumer’s busy lifestyles, rapid urbanization and increasing disposable incomes. There is rising demand for fruits and vegetable ingredients by health conscious consumers. The high growth aspects in this market are providing opportunities for manufacturers. There are great investment opportunities to food and beverage manufacturers in Asian countries such as China, India and Japan due to economic growth in these countries.

China’s demand for confectionary (Chips, biscuits, cakes and pastries) is growing at fast pace and both production and demand is expected to grow in the next decade. Beverage segment is led by the European region. Europe is the largest alcohol producer and it accounts for one fourth of market share.There has been a noteworthy increase in the demand for European beer, Wine, Whisky and vodka which comprise of food ingredients such as barley, wheat, and rice. Increase in demand is due to healthy ingredients and taste.

Some trends driving the ready meals market include:

· Changing consumer lifestyles

· Increasing demand for packaged and convenience food

· Urbanization, increased disposable income and busy lifestyles are responsible for the increasing share of ready meals market

Key Topics Covered in the Report:

· Detailed analysis of beverage industry globally

· Value and volume analysis for beverage industry

· Historic and Forecast value analysis by category

· Retail landscape and key distribution channels

· Key issues and trends in the packaging industry

· Consumer trend framework

· Analysis of mega-trends