Retrofit Automation to drive the Smart Home Market in India I Lighting, Blinds, Cabling, Trends, Drivers, Restraints, Opportunities, Challanges

The cost of a smart home has drastically come down with the availability of retrofit automation solutions. Many new startups have entered the market in the past 2 years and are providing retrofit solutions at a price as low as INR 3360. With the increasing demand for comfort and automation at such a low cost, the residential segment is expected to adopt retrofit home automation solutions in metro cities as well as tier-2 and tier-3 cities.

The smart home market in India was almost negligible till the year 2013. After that, the market started to increase and has grown significantly in the last four years. The smart home market in the country consists of three major sectors: viz. hospitality, commercial, and residential. The automation solutions in these sectors are further categorized into lighting, blinds and shades, servers, entertainment, security and access control, energy management, etc. Home Automation consists of lighting, blinds, hub/server, entertainment, and others like smart sockets, cabling, triggers, etc. Till now, the highest adoption of automation has remained in the hospitality segment, which includes hotel exteriors and hotel rooms. The obvious reason for this is that premium as well as five-star hotels are bound to provide the epitome of comfort and service to their customers.

According to a recently published report by Bonafide Research, “India Smart Home Market Outlook, 2027–28”, the smart home market in India grew at a CAGR of more than 38% during the historical time period, with more than INR 2800 Crore market size in 2021–22. Currently, the lighting automation and control category is at the top and is expected to capture the majority of the revenues in the coming years as well. The smart home, which was considered to be a costly affair in India, has now seen a total turn around with the introduction of retrofit home automation solutions. The commercial segment, even though it is not a major market for automation, has grown significantly in the last two years. The major adoption expected in this sector is of security and access control automation in the coming few years.

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On the contrary, residential users have remained skeptical about adopting automation in their homes due to the fact that their solutions are very costly. The growth or adoption that has happened in the past few years has been majorly based upon the new entire home automation by the rich people who could have afforded it. However, in the future, the smart home market is expected to grow because of the availability of retrofit home automation solutions. Major adoption in the residential segment currently has remained in the lighting and entertainment segments.

Smart appliances are expected to account for the maximum share in the Indian home automation industry. For instance, in 2020, with more than 700 million smartphone users in India, mobile connectivity and availability of easy-to-install applications like air purifiers, smart TVs, smart refrigerators etc., demand for smart appliances will rise in India. Further, the adoption of comfort and lighting systems is growing as the need for reducing energy consumption rises. This is further resulting in the integration of lighting products in-built with technologies such as IoT and cloud-based sources. However, the market penetration of home automation systems in India is lower as compared to other developing nations, owing to the limited connectivity and lower average bandwidth. Furthermore, the lack of standardization of products and components in smart homes can lead to the failure of the system. Such factors hamper the Indian home automation market’s growth.

There has been a rise in smart home startups such as Oakter, Inoho, IFIHomes, and Home Brain in India owing to the government of India’s programmes such as “Make in India” and “Digital India”. Many players are developing advanced technologies and devices for the smart home industry in India. For instance, Schneider Electric launched the Easergy P3 in the Indian market in May 2018. It is a medium-voltage protection relay that combines real-time analytics with advanced technologies and solutions powered by the Internet of Things. Similarly, Apple Inc. developed HomeKit, which allows iPhone users to control individual smart home devices such as garage door openers, lights, and security cameras. These factors offer lucrative growth opportunities for the Indian home automation market.

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In recent times, many start-ups have been established in India to provide automation solutions and they are all mainly providing retrofit solutions that are designed and manufactured by them only. The price of installing automation in a room has come down to as low as Rs. 8000, and such retrofit solutions are not costly for even people from tier-2 and tier-3 cities. Moreover, with the rising disposable incomes in India and the need for comfort and luxury, people are ready to shell out the cash, which in turn will make the market grow. This has provided a great opportunity for players, and thus the market has seen more and more startups established in the home automation field.

Major companies operating in the smart home market in India are Control4 India Private Limited, Crestron Electronics India Limited, Lutron GL Sales & Service Private Limited, Legrand India Private Limited, Inoho Electronics Private Limited, Silvan Innovation Labs Private Limited, PERT Info-consulting Private Limited, RIOT Labz Private Limited, and Home Brain IOT Service Private Limited.

Aspects covered in this report

  • India Smart Home market with its value and forecast
  • Segment-wise India Smart Home market analysis
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Types of Segment in Smart Home in the report

  • Residential
  • Hospitality
  • Commercial

The report gives an in-depth understanding of Smart Home in India:

  • India Smart Home Market Outlook
  • India Smart Home Market size By Value with Forecast
  • India Organized Smart Home Market
  • India Organized Smart Home Market size By Value, Market share with Forecast
  • India Residential, Hospitality, Commercial Smart Home Market Outlook
  • India Residential, Hospitality, Commercial Smart Home Market Size By value and Forecast
  • Product Portfolio By Company
  • The key vendors in this market space

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Other Report

The report titled “India Wind Power Market Outlook, 2027–28” is anticipated to grow at a CAGR of more than 11% in volume terms during the forecast period. Wind is an intermittent and site-specific source of energy; therefore, an extensive wind resource analysis is requisite for the selection of potential sites for on-shore wind energy. In India, wind energy appears as a successful renewable energy option. For on-grid power generation in India, wind energy is a better option in comparison to other renewable energies because it is the fastest growing renewable energy technology. Over a period of time, the Ministry, through the National Institute of Wind Energy (NIWE), has installed more than 890 wind-monitoring stations all over the country and issued wind potential maps at 50 m, 80 m, 100 m, and 120 m above ground level. The new installed capacity of wind energy is more than 15 GW in India, which is lower as compared to last year due to the COVID-19 pandemic situation.

Other Report

The report titled “India Solar PV Market Outlook, 2027-28” is anticipated to grow at CAGR of more than 13% during the forecast period. Solar Energy, one of the potential energy sources, is a fastest expanding renewable segment in India. Indian solar panel market has seen tremendous growth as the country has witnessed huge solar panel capacity additions in the last few years and the Ministry of New and Renewable Energy (MNRE) and government of India has taken many initiatives to putting out new schemes, projects, which, in turn, is expected to drive the market during the forecast period.

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About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day.

India Bicycle Market to grow robustly at 17.34% led by Hero Cycles I Gear, kids, standard, fancy, premium bicycle market trends

Individuals across the country are increasingly becoming more aware of their fitness, which is eventually resulting in the growing demand for the bicycle as an alternative way of transport. Compared to conventional bicycles, currently, the overall demand for e-bicycles is evolving and is expected to become mainstream during the forecasted period.

Bicycles have been a major vehicle for personal transport for decades. As technology has advanced, the bicycle trend in India has decreased among the middle and highly-earned, but the importance of this trend returns due to fitness and adventure biking priorities. Growing congestion, industrialization, and sustainability are pushing rising cycling demand in India. Even though the cycle is a primary mode of transport & income source for a considerable number of Indians, the industry relies heavily on imports. According to the report- India Bicycle Market Outlook, 2027-28 published by Bonafide Research, the market was recorded at a value of INR 5565.65 Cr., in the year 2016-17. Besides being a mode of transport, a cycle is now considered a popular form of recreation, thus growing from regular roadster cycles to multi-gear super-premium cycles. Acceptance of the cycle as a sustainable form of commutates and increasing interest in professional cycling are expected to allow the market to grow with a CAGR of over 17% during the forecasted period.

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The cycle market has a domination of fancy bicycles, considered a part of young teenagers’ daily life. The standard bicycles hold a share of over 60%, in volume hugely derived through the demand from the government towards the welfare schemes. Currently focusing on the eastern region, the least contributing region is expected to show a marginal change in the value share over the forecasted period, reaching a share of less than 17%.

Being an inevitable part of rural India, the region’s highest share of approximately 65% in volume terms is gained. The standard bicycles hold the highest share among the others, while the fancy cycles are slowly making their way to the market, with an increase in the affordability of the same. The standard full-size wheel rim of 26 inches holds the highest share in terms of both value and volume. Even though considered obsolete by many, the segment held an eminent share of more than half of the market during the period 2021-22. In terms of Gear and Gearless Bicycle, Gearless Bicycle is dominating the market with a market share of more than 80% in both value & volume terms. During the forecast period, the market of Gear Bicycle is expected to reach around 27% in value terms which are currently around 17% means a growth of 10% during the forecast period. The reason for the market growth of gear bicycles is constant innovation, increasing craze among children, etc.

COVID-19 IMPACT

Like many other countries around the world, India imposed a national lockdown. Covid-19 impacted the industry mostly in terms of revenue, as April, May, and June are considered the best months for sales. The pandemic has disrupted the entire supply chain. The situation deteriorated due to a labor shortage.  However, after the lockdown ended, it is expected to recover well due to growing concern for environmental issues. The pandemic has benefited the bicycle industry. People and the government are becoming more aware of Mother Earth’s protection as a result of environmental improvements seen during the lockdown.  In addition, Prime Minister Narendra Modi’s slogan, “Vocal for Local,” gives Indian manufacturers an advantage. However, due to a labor shortage and delays in importing special gear from overseas markets, the cycling industry is unable to meet demand.

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Companies mentioned:

Atlas Cycles Limited, Avon Cycles Limited, Decathlon Sports India Private Limited, Firefox Bikes Private Limited, Hero Cycles Limited, Hero Ecotech Limited, Milton Cycles Industries Limited, Naren international (Suncross Bikes), S.K. Bikes Private Limited, Starkenn Sports Private Limited, Trek Bicycle India Private Limited, Tube Investments of India Limited, Vishal Cycles Private Limited

The report gives an in-depth understanding of the bicycle market in India:
– India Bicycle Market Outlook
– India Standard/ Mass Bicycle Market
– India Fancy Bicycle Market
– India Kids Bicycle Market
– India Premium Bicycle Market
– India Super-premium Bicycle Market
– Product Price & Variant Analysis
– Market Dynamics (Trends and Challenges)
– Competitive Landscape & Strategic Recommendations

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The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended Audience
This report can be useful to Industry consultants, manufacturers, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Other Report

According to the report, “India Forklift Market Outlook, 2027-28published by Bonafide Research, the market is anticipated to grow with more than 18% CAGR for 2022-2028. The India Forklift Market is booming because of the market is rapidly developing primarily as a result of the rising demand for forklifts that can endure adverse weather conditions. Additionally, the market expansion is fuelled by the rising construction sector. Many government organizations are focusing on bolstering the current infrastructure in order to promote overall economic development. The rising e-commerce sector and changes in warehouse operations over the past few years, which have increased demand for forklifts to manage heavy loads and fit through tight spaces, may both be attributed to the expansion. The demand for forklifts that can operate in challenging terrain and transport large construction supplies over long distances is also increasing as a result of the nation’s burgeoning building projects. However, an increase in forklift truck safety issues, as well as the high cost of forklift truck maintenance, is likely to stymie market expansion.

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Blended Spices add a Zing to the India Pure, Packaged & Blended Spices Market at 7% by 2022-2028

“Extending urbanization joined with a rising of number working women has diminished the period of cooking. Consequently, homemakers have started asking for blended flavours and flavours mix, for instance, kitchen King, Garam masala, chicken masala etc.”

According to recent published report of Bonafide Research India Pure, Packaged and Blended Spices Market Outlook, 2027-28India still has maintained the charm of its spices. Trend in production of spices in India gives a positive signal as area; production and productivity of spices are increasing every year. Due to high demand from European country and rest of the world, the export of Indian spices is also showing a positive trend. The innovative use of spices has increased the demands of blended spices in domestic market. The Indian spices bring the diversity in the dish as India experiences the diversification among different cultures of people. India produces some of the evergreen spices that are never going to go out of fashion and taste. India is also famous for some of the delicious blended spices like Panipuri Masala, Chicken Masala, Garam Masala which gives the dishes the Indian flavours. Increasing adoption of packaged and blended spices in Tier 1 and Tier 2 cities has amplified the steer of these spices in Indian market.

The Spices Industry is expected to grow with a CAGR of 7% in forecasted period. The Industry is controlled by brand space is dominating by national brands includes Everest, Badshah, MDH and Catch etc. Each one of these brands has focused on product customization, product packaging to confined taste and arranging around quality. They in like manner have ensured inventive displaying key for high brand survey. With the increasing consumption of packaged foods, the usage of various spices in exotic cuisines and moreover, health consciousness among people has increased the overall consumer base of Indian Spices.

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The increase lifestyle and food habits in domestic and globally, showing a definite tilt towards natural and organic foods products, there is a bright scope for the Indian spice exporters to ship organic spices to these lucrative markets. The world interest for naturally delivered nourishments is developing quickly in created nations like Europe, U.S., Japan and Australia which is affecting higher interest for organic spices. Spices are basic piece of sustenance’s and refreshments. Consumers are leaning toward organic spices over normal Spices as a feature of their sound eating routine. Numerous comfort sustenance fabricating organizations have begun utilizing organic spices in their nourishment to offer some benefit expansion and to make item separation from their rivals. This factor is assuming key part to drive offers of organic spices. Expanding purchaser interest for sound and natural sustenance’s is persuading more retailers to add organic food to their blend. In recent years, due to increase in awareness among consumers, there is a steady growth in the retail sales of organic food. It is expected that the health food segment will grow because there is a demand for healthy food and natural flavours as substitute for salt, sugar and artificial products. The organic spice and herbs market is relatively small but is expected to grow as supermarket chains start offering a complete product range of organic spices.

Major Companies

Major brands that operate into Indian Spices market are Everest, Badshah, MDH, Catch, Pushp, MTR, Vasant Masala, Ramdev, Patanjali, Aachi Masala, TATA Sampann, Suhana Masala, Goldie Masala, Eastern Condiments, Priya Masala, Mother Recipe, Hathi Masala, Nilon’s, J K Spices etc.

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Covered in the report:

  • Overall Spices industry
  • Pure Spices Industry
  • Packaged Spices Industry
  • Blended Spices industry
  • Company Market Share

The reports give an in-depth understanding of the Spices industry in India and consist of:

– India Spices Market By value By Volume.

– Overall Chilli Market By Value By Volume.

– Overall Turmeric Market By Value By Volume.

– Overall Coriander Market By Value By Volume.

– Overall Pepper market By Value By Volume.

– Overall Other Spices Market By Value By Volume.

– India Packaged Spices & Blended Spices Market By Value By Volume.

– Overall Packaged, Chilli, Turmeric, Coriander, Pepper, and others Market By Value & Volume.

– Overall Blended Spices Market By Value & Volume.

– India Packaged and Blended Spices market share By Company, By Type, By Distribution Channel.

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Other report

Increasing LPG prices & modular kitchen to drive the demand for Induction Cooktop in Indian markets. Moreover, the fact that most of the Indian dishes can be prepared using an induction cooker has added to its popularity. Some brands of induction cooktop have now started providing specially programmed cooktops with preset functions for Indian cooking. The recent research report by Bonafide Research – India Induction Cooktop & Electric Cooker Market Outlook, 2027-28 states that market grew historically at a growth rate of around 17% during the period 2016-17 to 2021-22. Electric cookers, which are slowly catching up the Indian market, are expected to have healthy adoption and acceptance during the forecast period. However, they will record much slower growth as compared to induction cooktops. Advantages associated with electric cookers like preparing nutritious and tasty meals within a shorter span of time has added to its demand. Many quick service restaurant formats which have introduced rice dishes recently have also started using electric cookers in their outlets.

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Other Report

The recently published report by Bonafide Research – India Mixer, Juicer & Grinder Market Outlook, 2027-28, grew historically at a an approximate growth rate of higher than 18% during 2016-17 to 2021-22.  India food preparation appliances consist of segments such as mixer grinders, juicer extractors, blenders, juicers, food processors, choppers, hand mixers, and others. Mixer grinder and juicer have a major volume share among food preparation appliances, whereas the juicer mixer grinder market is expected to increase during the forecast period. The mixer grinder segment is the most popular product in the country among popular food preparation appliances in India. Many years ago, Indian consumers were familiar with only mixer grinders, but other food preparation appliances like juice extractors and juicer mixer grinders are also gaining popularity and increasing their presence in the market. There exists a tremendous possibility for the development of juice extractors in India as the ever-growing fitness and wellness trend among millennials demands the inclusion of fruit juice products in their diet. With lifestyle diseases and conditions like hypertension and diabetes experiencing an exponential rise in the country, more and more youngsters are opting for homemade options. Urban India is the key target market for the growth of juice extractors/juicers.

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Bonafide Research
Steven Thomas, AM – Content Marketing
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About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day.

 

India Online E-learning market to grow at 35.03% during 2022-2028 I K-12, online learning, language learning, casual learning, reskilled, test preparation

Technology has been a boon for mankind, and so has been for online education. The education system in India has long been discussed as one of the most backward learning styles by western countries. But lately, the scenario has changed and transformed into an e-learning trend. From being a narrow market, it has become a broad area for learners, giving them assistance in various courses irrespective of their age. Convenience, affordability, and flexibility are the major drivers for online education to flourish in India. The New Education Policy 2020 has brought in many changes along with a new set of rules and limitations. The pandemic proved to be a blessing for the e-learning market, which took advantage of the situation and succeeded at higher levels. The books have transformed into virtual books, pdfs, videos, and e-books that can be referred to by students any number of times and at any point of time. However, India, being a diverse country, suffers from a socioeconomic divide as a result of which less than one third of the Indian populace receives online education. Also, one of the major drawbacks is the low levels of digital literacy in rural India. Rural areas still lack proper internet connectivity and good service providers to access online learning programs.

According to the research report, “India Online or E-learning Market Overview, 2027–28” published by Bonafide Research, the market is expected to grow at a CAGR of 35.03% over the forecast period. There are approximately 9.6 million users of online e-learning courses offered in India. The K-12 group has the highest enrollments as it provides basic education to provide sufficient time for mastery of concepts and skills, develop lifelong learners and prepare graduates for tertiary education, middle-level skills development, employment, and entrepreneurship. On the other hand, the future growth prospects are driven by the higher education courses segment at a CAGR of 62.48% over the forecast period ending 2027–28. Students prefer mobiles and tablets as they are more handy and easy to carry, requiring less space. As more students enroll in various courses, the option of making payments in instalments is expected to become more popular in the coming years. Students’ preferred platform for paying fees for online learning courses is technology-driven digital payment. The working populace has benefited to a great extent by enrolling in master’s degree or diploma courses or language enhancing courses to help them achieve higher paths to success. Without having to miss their work, they can learn online at ease and anytime without having to travel, especially for classes.

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The government has proposed investments in the creation of public digital and interoperable infrastructure that can be utilized by multiple platforms. Virtual labs would be created for improving hands-on, experiment-based learning. Online assessment of students is to be done through school boards, NTA, or PARAKH systems. Moreover, fun-based learning tools like gamification of Indian art and culture will be created with operating instructions that will be available in different languages so that everyone can understand them easily. The government needs to reach out to every village and provide them with the necessities of water, shelter, and education.

The pandemic had a positive impact on the online e-learning market in India, generating higher revenues. It was noticeable in all segments of the e-learning market. Growing employee safety concerns encourage companies to implement work-from-home practices to continue daily operational activities. This has created barriers for companies in terms of training, communication, monitoring progress, and up-skilling. To overcome this growing demand, the companies are focusing on developing customized products. learning solutions. Online language courses saw a rise in demand as people wanted to utilize their free time to upscale their skills and portfolio for better job options. The companies operating in e-learning market invested heavily in research & development to take advantage of the pandemic situation.

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Aspects covered in the report

By type

  • K-12 learning
  • Test Preparation
  • Reskilled & Certification
  • Higher Education
  • Language & Casual Learning

By Device Preference

  • Mobile/ Tablet
  • Laptop/ Desktop

By Payment Period

  • Onetime payment
  • Installments

By payment mode

  • Cash/ Cheque
  • Digital

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of e-learning in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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Related Report

The recent publication by Bonafide Research entitled “India E-learning (Reskilled Certification, Higher Education, and Language Learning) Market Outlook, 2027-28” states that the market is anticipated to be driven by higher demand for higher education courses by individuals in the country. Post-graduation courses have higher adoption as compared to graduation and diploma courses out of which online MBA is the most popular. Collaborations between corporates and online higher education providers helps employees’ to apply for higher education courses without hampering their work front. Mobile phones as a device for learning is gaining acceptance among the current student base, and content creators in this segment are evolving their teaching methodology to adapt to this preference. There is also a high demand for short-term diploma courses in niche subjects as a second degree. Universities are considering offering courses in cutting-edge topics like the internet of things, big data, and artificial intelligence.

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Related Report

Education that was once limited to classrooms and notebooks is now delivered through smart devices. The first wave of digital education in India started roughly two decades ago with the adoption of smart boards in classrooms. The report titled  India E-learning and Test Preparation Market Outlook, 2027-28 published by Bonafide Research states that the K-12 supplement market will grow at a forecast CAGR of 17.10% over the period ending 2027-28. The 11th and 12th account for maximum enrollments as they need to prepare for board examinations and soon after for entrance tests. These entrance tests help them get enrolled in a particular course for further study. For detailed discussions about E-Learning and test preparation, please give a completed evaluation of the prospects in the current market. This report provides an all-round, complete description of the market with comprehensive historical and forecasted analysis of the demand and needs of the market.

To access full report https://www.bonafideresearch.com/product/200310591/India-E-Learning-Market-K-12-supplement-and-Test-Preparation-2024

 

Increasing number of women joining workplace drives the demand for ready-to-cook market in India

Rapid urbanization and increase in the literacy rate among Indian populace is driving women’s in the country to take up jobs. The rise in per capita expenditure and disposable incomes is further accelerating the ready-to-cook market in India. The wide prevalence of organized retail is increasing the sales of ready-to-cook food products. Supermarkets and hypermarkets are preferred by consumers due to the availability of products of all categories under a single roof, which is not possible in small shops. The increasing disposable incomes and rapid urbanization are shifting consumers’ buying preferences from neighborhood convenience stores to supermarkets and hypermarkets.

Factors such as growing preference for convenience food products in working population, new product launches, and the evolving retail landscape will drive the growth of the ready-to-cook market in India. However, growing health concerns might hamper the market growth. Over the past few years the rising trend of employment of work from home and hectic lifestyle preferring Ready-To-Cook market more and more. In past years only Tier I and some Tier II people were having an instant mix and ready-to-mix products. But, now due to the increase in disposable income and urbanization people are aware of these products and are eager to use them.

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In this era of 2021 people are more concerned about convenient package food with more variants. From quality to a price point of view India Ready-To-Cook market will show a surge in the market by doubling the revenue from the current year 2020. According to Bonafide Research’s latest report published “India Ready-to-Cook market Outlook, 2027-28” the market grew historically with growth rate of around 14% and further expected to grow robustly over the forecast period. Due to fast-paced Urban Lifestyles and working women in the country, there would be a steep rise in the Ready-To-Cook market. The ready-To-Cook market includes four categories Instant Noodles, Pasta, Soup, and Ready-To-Mix market.

Among all the four categories, instant noodles have immense potential for future expansion due to their easy affordability by the common man across rural as well as urban areas. In India, there has been a major shift in the food habits of metropolitan consumers, as they prefer to have more instant food. The convenience factor has provided an impetus to the ready-to-cook industry in India over the past few years.

Modern Trade in the Ready-To-Cook market has witnessed a wide variety of products to capture a bigger market. Many Big companies have adopted their first Sales channel as a modern Trade to increase their market share. Due to Corona effect on the Market people are shifting from traditional to Online sales which increases the online market. Many companies are introducing their new products online so that people get aware of their new range. Modern Trade is going to capture the market in the Ready-To-Cook segment nearly around INR 6000 crore by the year 2025.

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Due to the dual income earning factor and the increase of semi-urban areas, people ready to experiment with new products which will ease their work and life. The perception to have Ready-To-Cook food is increasing more because of its quality, healthy food, easy availability, ease to cook. In this modern era people the trend of “Joh dikhta hai, Wahi bikta hai” is more acceptable. MOMS- Meal Of The Moment came in 2017 with an idea of a ready-to-mix breakfast and rice segment by doing a campaign mostly on the internet and social media. Social media trends can capture the market more easily. Marketers are always looking for a medium which appeals to consumer fast. People’s craze in Instagram, an online e-commerce platform has surged the acceptance of new products from the market. Many RTC products are also used in the HORECA segment (means HO-Hotel, RE-Restaurants, CA- Cafeteria) where they can easily use mixes to attract customized tastes and preferences by the customer.RTC products are cost-effective, lighter weight, more variants are the pre-eminence for the India Ready-To-Cook market.

The key segments in the report are:

  • India Instant Noodles Market
  • India Instant Pasta Market
  • India Soup Market
  • India Read-To-Mix market
  • Snacks Mix
  • Curry & Dal Mix
  • Dessert Mix
  • Others(Meals, Rice Mix)

Segments covered in the market

  • By Category
  • By Demographic Area
  • By Company
  • By Region
  • By Sales Channel
  • By Company

Companies included are Nestle India Limited, Hindustan Unilever Limited, ITC Limited, Capital Foods Limited, CG Foods (India) Pvt. Ltd., Bambino Argo Industries Ltd., Gits Food Products Pvt. Ltd., Kohinoor Foods Limited, iD Fresh Food (India) Pvt. Ltd., Maiyas Beverages and Foods Pvt. Ltd., Ushodaya Enterprises Pvt. Ltd., Desai Foods Private Limited, Alimento Agro Foods Private Limited, Bikaner Foods Pvt. Ltd. These companies match the individual taste preferences of consumers, which varies throughout the country; and, at the same time, keep economics in mind and do it profitably.

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Related Report

India Ready-to-mix market Outlook, 2027-28

Ready-to-mix products enable the consumers to dish out their favorite preparations in moments just by reading the instructions given on the wrapper. Besides, growing online retailing in India is also a major factor that is creating a consistent growth of the ready-to-mix market. The availability of a variety of ready-to-mix products is also an attractive element that compels the consumer to buy the product. Most of these food products have an expiry date which can be as long as a year and a half. The report titled India Ready-To-Mix Market Outlook; 2027-28 by Bonafide Research grew historically at a CAGR of around 19% and further expected to grow robustly over the forecast period. In today’s age, all homemakers and individuals have a busy lifestyle and are rushed for time when they have to pack lunch for their kids and themselves. This is where the instant mixes category plays a major role in acting as a helping hand to these homemakers. India Ready-To-Mix market 2027-28 report includes market outlook, by segment, by market share, by market Size, by company, and product portfolio.

Other Report

The report titled “Indian Breakfast And Cereal (Ready To Eat, Hot Cereals), By Company (Kellogg Co, General Mills, and PepsiCo Quaker etc.), (Plain, Flavoured), By Type ( Cornflakes, Muesli, Oats) Market Outlook 2027-28” give complete analysis of breakfast and cereal market of India. No day starts without breakfast and heaving a healthy and rich with nutrient breakfast makes the day even healthier. The breakfast cereal market consists of two types of cereals viz. hot cereals and ready to eat cold cereals. Ready to eat (RTE) cereals, which are also called as cold cereals; include corn flakes, choco flakes, wheat flakes and muesli whereas hot cereals are mostly oats, rolled oats, oat bran and porridge. All hot cereals require some amount of preparation before they are consumed. On the other hand, RTE cereals require no preparation time and can be served for consumption directly out of the packaging. With the changing lifestyle that makes it difficult to dedicate some time to cook, consumers largely prefer ready-to-eat cereals and thus the category holds majority of market share in the global as well as Indian industry. Globally, there is a trend of positive changes in nutrient composition of RTE cereals by marketers. This report will help to determine the market of different type’s breakfast and cereal its performance over the year, Market trends and challenges also the detailed analysis of top performing companies.

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Government initiatives, sustainable energy, enhanced performance display to bolster growth for India LED Lighting Market Outlook 2027-28

Through the UJALA scheme, the Indian government aims to save 85 lakh kWh of electricity and 15,000 tonnes of CO2 by replacing 77 Crore traditional bulbs & CFLs and 3.5 Crore street lights with LEDs. As per the obtained data, in 2020, the government deployed 366 Million LEDs; the Energy Efficiency Services Limited, a government-owned energy services firm, installed more than 10 Million LED smart street lights as part of the LED Street Lighting National Programme across the country. Government is procuring all these units in bulk from the private players and is providing at a lower rate to the citizens. Hence, this scheme has emerged as a win-win solution for the manufacturers as well as the consumers.

In the initial stage, when the LED lights were introduced in the market it was very troublesome for the technology to get a space in the lighting industry that was highly penetrated by the incandescent and CFL lights. To compete with these technologies which were available at a very lower price seemed to very difficult as the major proportion of Indian population comprises of the middle class income group people. Moreover with the lower demand, manufacturers were also not able to take the advantage of economies of scales and pull down the per unit price of LED lights. The only thing they were in need was indeed a bulk order which allows them to do a large scale production and pull down the prices. UJALA and SLNP schemes by central government became the reason for this huge production, thus lowering down the prices and setting the LED lighting market on a growth path.

According to the report title, “India LED Lighting Market Outlook, 2027–28“, the LED market in India is anticipated to acquire more than INR 55000 Crore during the forecast period. Sales of LED lights has grown more than 10x times in the past two years, making the technology as one of the fastest growing in India. It is very obvious that the people do not replace a bulb unless it stops working, but the problem which was arising till 2014 was Indian consumers replacing the old incandescent of CFL bulbs with the same technology and not the LED lights as they were costlier. It was very necessary to make people tend towards using the LED lights at the time of replacement. When the government introduced UJALA scheme, people literally starting running for getting the maximum units of 10 LED lights fixed by the government. This led the foundation for repurchase of LED lights and creating a strong market scope for the same.

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LED lights have emerged as a powerful source of lighting over the past several years. Due to their numerous advantages over conventional lighting technology, they have swiftly gained prominence in the Indian lighting market. Although the Indian LED lighting market is at a nascent stage, it offers innumerable opportunities for growth over the next few decades. As India represents one of the biggest lighting markets, it offers a lucrative option for LED manufacturers to set up their facilities in the region. Skilled labour, ease of doing business, and demographic advantages provide a sustainable environment for the LED industry.

Product innovation also continues to rise in the segment, with many new product launches in the segment. For instance, in March 2021, Realme India announced plans to launch Realme Smart LED bulbs in India. The product has a rated power rating of 9W with an input voltage of AC 120250V. The lights can be controlled using the Realme Link application, Google Home, or Amazon Alexa.

Moreover, the exhaustive promotional activities carried out by the LED manufacturing companies also played a major role in convincing people to buy LED lights. Players tried hard to make people aware about the long term cost effectiveness of LED lights as well as their environmental benefits. Another major thing that happened was a steep fall in the market prices of LED lights when the government started providing these lights at a very cheaper rate. With the declining prices of the LED lights, sales of private players have also increased significantly. After achieving the target of 770 million units, the government will move out from the market making the whole field open for the private players. The efforts which have been made in the current years have given spontaneous results and it will carry on providing its fruits to the private players in the coming years as well.

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Major companies operating in the LED lighting market of India are Philips Lighting India Limited, Havells India Limited, Surya Roshni Limited, Bajaj Electricals Limited, Syska LED Lights Private Limited, Crompton Greaves Consumer Electricals Limited, Osram Lighting Private Limited, Wipro Enterprises Private Limited, Eveready Industries India Limited and Moser Baer India Limited.

Recent Development

  • January 20, 2021-Osram India announced their compact high-power LED Osconiq C 2424 that offers a broad colour temperature range from cool to warm white and various colour rendering indices (CRIs). The LED features excellent colour homogeneity and color-over-angle performance.
  • March 2022: Signify launches its Philips Motion Sensing LED Batten in India. With its superior inbuilt motion sensor, the batten automatically turns on upon detecting motion within a 6-metre radius. With its automatic switch-on function, it offers a convenient lighting solution for less frequently accessed areas of a house, like balconies, staircases, washrooms, and parking areas.
  • Syska announced the launch of two new LED lighting products, the T5 LED Batten-SSK-SQ2201 (PC-Polycarbonate) and Syska T5 LED Batten (AL-Aluminium)-SSK-SQ2201, in India at INR 449 and INR 549, respectively. Both the products have been manufactured in India.
  • October 20, 2021: Surya Roshni launched a new range of 15W Smart Down lighters as part of its innovative Smart Light series. The LED smart downlight does not need Wi-Fi or the internet to function and can be operated with a remote.

COVID-19 Impacts:

Like many other industries in India, the lighting industry is also affected by COVID-19 as the supplies of electronic elements are hit due to a shutdown in many foreign countries. The market has measured a negative growth in the pandemic situation and a downfall in total market value. However, the growth momentum is likely to recover speedily. The COVID-19 impact has been observed at the first or starting node of the market value chain, i.e., lighting products manufacturers. Additionally, the market is witnessing a halting of production and disruption in the supply chain, leading to weakened industrial output growth and the decline of light manufacturing output across significant manufacturing hubs.

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Considered in this report

  • Geography: India
  • Base year: 2021-22
  • Estimated year: 2022-23
  • Forecast year: 2027-28

Aspects covered in this report

  • India LED lighting market with its value and forecast along with its segments
  • Region-wise LED market analysis
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Regions covered in the report

  • North
  • South
  • West
  • East

Types of LED Lighting in the report

  • LED Street Lights
  • LED Tube Lights
  • LED Bulbs & Lamps
  • LED Luminaries
  • LED Down-lights
  • LED Smart Light

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to LED Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Other Report

Closed Circuit Television (CCTV) commonly known as video surveillance has long admittance into the people lives and their application in supervision over vulnerable areas is increasing notably in India. The Indian CCTV market is still relatively young as it being widely used in various applications throughout the regions. In recent years, there has been a tremendous growth in the use of CCTV to prevent crime in public space. According to the title report, “India CCTV Market Outlook, 2027-28”, the India CCTV market is anticipated to attain market size of more than INR 27000 Crore. CCTV market in India is segregated into two technology type i.e. IP (Internet Protocol) and Non-IP CCTV cameras. Non-IP division is leading the market with more than 85% market share. However, in the coming years IP segment is anticipated to take the lead soon. By overtaking the analog category in Non-IP segment HD category is dominating the market with higher market share. By product wise market is segregated into three major categories i.e. Dome, PTZ and Bullet cameras. Dome CCTV is dominating the market with more than 70% of market share.

To access full report https://www.bonafideresearch.com/product/211240031/india-cctv-camera-market

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Dabur & Parle Agro lead the India Juice Market leaving behind the soft-drink giants PepsiCo & Coca Cola I Growth Rate of 11.14% during 2021-2027

People demand naturalness and a particular taste sensation with as few calories as possible from juices and nectars globally. To provide this, manufacturers are trying to combine the best raw materials with innovative product concepts. The manufacturers are bringing new packaging trends, which will attract consumers to buy them. The fruit and vegetable processing industry in India is highly decentralized having wide capacities. The perishable nature of juices dictated immediate consumption within less than 24 hours in warm climates and extended but still limited time in cooler environs. Natural chilling or freezing was the only alternative to microbial modification of the juice. The juice market in India constituted a compound average growth rate of more than 10% in the period of six years. The current Prime Minister of India Mr. Narendra Modi proposed that big players like Coca-Cola, Pepsi add 2% of fruit content in the aerated drinks, which will thereby help the farmers to cultivate more fruits and can generate profit. This kind of initiative will promote the inclusion of real fruits in the juices available in the market.

According to “India Juice Market Outlook, 2027”, the juice market is expected to grow with a CAGR of 11.14% by end of the forecasted period of 2027. The fruit juice market is also dominating the market with mango flavoured juices having the highest consumption in the Indian market. Due to the multiple health benefits, the fruit juice market anticipates huge growth in the coming years. Health-conscious people are also shifting from fruit drinks to the fruit juice segment as it is healthier and has non-added preservatives or artificial flavours like that in the fruit drinks segment. Dabur, Parle Agro, PepsiCo, Coca Cola and other companies have shown their exposure in the Indian market. The leading players are showing their presence in each segment by launching new products in each variant but these players are working rigorously on a fruit drink that contains 100% juice content where they can charge a premium price. Fruit drinks showcased a dominating share of 66% in 2021 but the increasing awareness about the deteriorating health due to such drinks is expected to decline the market in the coming five years. Rapid urbanization, surging income and increasing health consciousness would further drive the Indian Juice market.

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On the other hand, if the foreign players are taken into account, PepsiCo that hails from a beverage industry; entered the Indian market with its brand Tropicana and Slice; which caters all the three segments of the juice market. Whereas, Coca Cola also a part of the beverage industry, serves all the segments of the juice market with its popular brands Minute Maid and Maaza. Inspite of being from a foreign ground and segmenting all the three variants of the juice market, PepsiCo and Coca Cola combined fall short of shares when compared to the Indian origin majors in the juice market. Dabur and Parle Agro taken together lead the Indian juice market and in the coming five years are expected to dominate in the same manner.

The stiff competition in the ever growing juice market in India has resulted into a high threat of new entrants in the market. Many regional players like Manpasand beverages, Hector Beverages, Shakti Ganga Group and ITC Limited with its various brands in the different segments are making it big in the Indian juice market. Keeping in mind the price sensitive nature of the Indian consumers the startups are innovating on the packaging strategy factor and also on the flavours that are best loved by the Indian consumers.

During the Covid-19 pandemic, the restaurants, cafes and hotels were totally closed and this resulted to have losses in the market. However, it has been observed that in-home consumption was also observed because of the increasing access to refrigerators.

Major brands operating are Maaza, Frooti, Real, Tropicana, B Natural, Paperboat and Raw.

The report gives an in-depth understanding of the Juice market in India:

– India juice Market Outlook – Market Size & Forecast

– Segmental Analysis – By segment, By Fruit Content, By Company, By End Users, By Region

– India Packaged Fruit Juice Market Outlook – Market Size & Forecast

– Segmental Analysis – By Company, By Brand, By Flavour

– India Fruit Drinks Market Outlook – Market Size & Forecast

– Segmental analysis – By Company/ By Brand, By Flavour

– India Nectar Drinks Market Outlook – Market Size & Forecast

– Segmental analysis – By Company/ By Brand, By Flavour

– India Fruit Juice Market Outlook – Market Size & Forecast

Competitive Landscape

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of the Juice market in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

To access complete report https://www.bonafideresearch.com/product/160220111/India-Juice-Market-2021

Related Report

According to “India Carbonated Soft Drink, Energy Drink & Sports Drink Market Outlook, 2027”,  Carbonated or aerated drinks is expected to cross INR 34,000 by 2027 the lead of two-player is expected to continue in the market. In terms of end-users, the urban segment dominates the Indian carbonated non-alcoholic market with a significant market share. But gradually, the rural segment is expected to take back on the market. Region-wise, the majority of the consumers hail from the North of India followed by the South where people experience the maximum heat. The harmful chemicals and the preservatives added have proven harmful to the people which are responsible for the declining sales of carbonated drinks in the Indian market. To face these challenges, the manufacturers are bringing new flavours and low-sugar diet drinks into the market which will help grab the declining growth.

To request a free sample https://www.bonafideresearch.com/samplereport/160320151/India-Energy-Sports-Drinks-Market-2021

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About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day.

India Edible Oil Market To Grow at 7.40% I Ground nut, Mustard, Soybean, Sunflower, Olive, Sesame, Coconut, Rice bran, Corn, Palm Oils

India is blessed with many positive factors that enable it to stand in a unique position in Agro-based products. After achieving independence, India is positive whereby it has become a net employer of agricultural-based products. India is a major oilseed-producing country among the different countries producing oilseeds; India has the largest area and production of a few oilseed crops, namely groundnut, rapeseed/mustard, sesame, and coconut. Yet, India is the largest importer of edible oil. India’s edible oil market is estimated at INR 5,19,905 Crore by the year FY 2027-28, with the unorganized oil market showing a decline in the market share with a CAGR of around 5%.

Together, groundnut, soybean, and rapeseed/mustard account for over half of the output of cultivated oilseeds in India. Efficiency gains in the oilseed-processing sector have been hampered by poor infrastructure and policies restricting economies of scale in processing plants. Carried out with in-depth analysis, the report ‘India Edible Oil Market Outlook, 2027-28’ published by Bonafide Research, gives an insight into the transformation to occur in the edible oil market. With consumer buying behaviour differing among the states, the northern region is expected to lead the market in terms of consumption of packaged edible oil.

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With the increasing awareness about the health benefits of the different oils, the perception of the consumers, and the commonly seen trend is the inclusion of a variety of oil in the daily diet. With this, there has been a considerable shift from traditional oils towards non-traditional oils, such as olive oil and rice bran oil to name a few. Yet, this has not stopped consumers from eliminating traditional oil from their diet. Edible oil packaging has evolved over the years to encompass a wide range of packaging products such as jerry cans, pouches, jars, tin cans, and bottles, among others. The growth of the packaged oil type was not even and only certain variants showed growth in the market. After more than a year of sustaining lockdown, the firms have started to witness recovery in demand with major players now confident of sustaining growth if the situation remains favorable.

As domestic production does not meet the increasing domestic demand, India relies highly on imports, with few oils contributing significantly to the exports. Crushing of groundnut, rapeseed/mustard, and sunflower is reserved for the small-scale sector. These makeup over two-thirds of the aggregate oilseed output of the country. This has translated into a lack of significant investments in large, integrated processing plants and poor economies of scale in the operations of existing players. To harmonize the interests of farmers, processors, and consumers and at the same time, regulate the large import of edible oils to the extent possible, the import duty structure on edible oils is reviewed from time to time. The country exports edible oils in small quantities to meet expatriate demand. The rise in exports of edible oils is a positive development for India’s oilseed growers, enabling higher realizations for the crops. The rise in bulk exports is seen as a big boost as it brightens the prospects for better remuneration for the oilseed crops. Edible oils are freely exportable in bulk, while mustard oil is allowed in consumer packs not exceeding 5 kg.

The growth in the edible oil industry has resulted from many driving factors; not only from the demand perspective but also from a consumer perspective. From the consumer trends perspective, demand is driven in the area of fat content, health benefits, packaging, and price. This increasing awareness is the reason for the consumer shift from the unorganized market to the purchase of branded edible oil.

Major companies present in the market:

Adani Wilmar Limited, Bunge Foods Pvt Ltd (Dalda & Gagan), Marico (Saffola), Cargill India PVT LTD, N.K Proteins (Tirupati), Gulab Oil and Foods Pvt. Ltd., Vimal Oil & Foods Ltd, Mahesh Edible Oil Industries (Saloni Mustard Oil), Agro Tech Foods Limited, Sanwaria Consumer Limited (Sanwaria Agro Oils Limited), Ruchi Soya Limited, Patanjali Ayurved Limited, Emami Agrotech Limited, Bansal Oil Mill Limited, K. S. Oils Limited (Kalash), Puri Oil Limited, Future Consumer Ltd

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Covid-19 Impact:

The outbreak of the COVID-19 pandemic, in early 2020, however, had disrupted the supply chains of edible oil due to the temporary shutdown of several oil production units, restricted import activities, and the unavailability of raw materials. Furthermore, the national lockdown had led to a temporary closure of hotels, restaurants, canteens, and public food joints in the country, thereby negatively affecting the demand of edible oil. The market is, however, expected to recover as normalcy is regained.

Aspects covered in the report

  • India Oil Market
  • India Edible Oil Market
  • India Packaged Edible Oil Market
  • India Groundnut Oil Market Outlook
  • India Mustard Oil Market Outlook
  • India Sunflower Oil Market Outlook
  • India Soybean Oil Market Outlook
  • India Olive Oil Market Outlook
  • India Sesame Oil Market Outlook
  • India Coconut Oil Market Outlook
  • India Cottonseed Oil Market Outlook
  • India Rice Bran Oil Market Outlook
  • India Corn Oil Market Outlook
  • India Palm Oil Market Outlook
  • Price Product and Variant Analysis
  • Market Trends & Developments
  • India Economic Profile
  • Porters Five Force Model
  • Company Profile of Top Players

Segments covered in the market

  • By Market Type
  • By Packaging Type
  • By Packaging Size
  • By Region
  • By End User
  • By Application
  • By Sales Channel

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Related Report

The report titled “India olive oil Market By Value & Volume, By Segment ( Industrial & Retail ), Market Size By ( Value, Volume ), By Type ( Extra Virgin, Pomace, Refined ), By Sales Channel ( Modern Retail, Direct Sale, General Trade, Online ), By Company ( Borges, Deoleo, Cargill, Etc. ), By Pack Size ( 0-250 Gms, 251-999 Gms, 1000-1999 Gms Etc. ), By Packing Type ( Dark Green Glass, Transparent, Glass Bottle, Etc. ), By Demographics ( Urban, Rural ), By Application ( Pharmaceutical, Food Industry, Personal Care ), Outlook ( Trends & Forecast ), 2027-28″ gives you a complete analysis of how the olive oil market is developing in India. Olive oil is considered as the premium product in the oil category whose production is the least in India as it is entirely imported from the countries like Spain, and Italy. Olive oil is fat extracted from the fruit of the olive (Oleaeuropaea) tree. It is one of the significant parts of Mediterranean cuisine from ancient times. Production of olive oil in India as of now is only in Rajasthan as it is the only region that fits the production criteria. Olive plants require chilling to flower and fruit; the temperature should be less than five degrees at night and less than 16 to 20 degrees in the daytime. As olive oil is considered as a healthy alternative of regular oil, the health sector plays an essential role in its growth. Olive oil previously was used for massage and salad dressing but with changing of time and growing awareness about olive oil’s health benefits its adaption among consumer have increased. Olive oil has grown as a better alternative to regular oil/ghee, which contains a large number of bad fats and raises health-related issues. This report provides the changing trends in industrial as well as retail sector information about the types of olive oil and its usage along with top companies and their brands’ performance in the Indian market.

To access full report https://www.bonafideresearch.com/product/200120361/India-Olive-oil-Market-Extra-Virgin-Pomace-Refined-2025

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About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day.

 

 

Digital Innovations Drove The India Paint Market at 8.33% led by Asian Paints 2021-22 I Dominance by Organized Players in Emulsion Decorative Paints

Asian Paints uses advanced artificial intelligence (AI) and machine learning (ML) software & algorithms to improve the demand forecast. The company has executed its digital vision with utmost focus. The company expanded its product portfolio from paints to decorative coating and now also present in the home interior designing segment and recently added furniture and lighting solutions to its portfolio. Additionally, also diversified into chemical products used for the paint manufacturing process.  Rough estimates are that the company delivers paints to more than 70,000 registered dealers nearly 3-4 times a day.

According the report on ‘India Paint Market Outlook, 2027-28’ published by Bonafide Research, the paint market has grown with a CAGR of 8.33% in value terms and more than 6.5% in volume terms during 2016-17 to 2021-22 period. It is made up of decorative paint industry and industrial paint industry. Decorative industry is bifurcated into Emulsion (Interior & Exterior), Enamel, Cement Paint (distemper), primer and thinner, ancillary products (putties, wood finishes). On the other side, industrial paint market is divided into OEM paints and protective coatings, automotive coatings, GI (General Industrial) paints, powder coatings and others. Rapid industrialization and increasing customer needs have forced leading manufacturers to develop differentiated products, which results new products or variant, and pricing. It has over 3,000 paint manufacturers, with nearly all global majors present in the country.

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Paints are not only used in the interiors of houses to add colors or decorative purposes but also to perform a wide range of functions. Their functions vary depending on the type of environment and room that they are used in. The residential sector in India is set to rise, with government initiatives like The Ministry of Housing and Urban Development 2021 . Additionally Pradhan Mantri Awas Yojana program intends to provide affordable homes to public by 2022. Also, the expanding commercial sector,  would have a positive impact on the architectural emulsion market. For instance, in September 2021, almost 92 new school buildings, with 48 labs and three libraries, were opened in the Southern part of the country.

Covid Impact: Construction work in the country came to a standstill due to lockdown. Companies suffered a halt in production, processing and delivering. Companies incurred losses and revenue decreased. This delayed the implementation of projects, leading to cost overruns and impacts on the workforce. However, growing demand from the construction industry, coupled with rising infrastructure activities, is driving the demand for the market studied.

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Major drivers of the Paint market are changing customer needs, growth of automobile and infrastructure sector, entry of various Indian and international brands and easy availability of financing options. Along with growth factors there are challenges too like seasonal demand and competition from unorganized players. Some other restraints are inventory management at dealer level.

Major companies that operate into the Paint market in India are Asian paints Ltd, Berger paints Ltd, Akzo Nobel India, Kansai Nerolac paint Ltd, Pidilite industries ltd, Jenson & Nicholson India Ltd, Shalimar paints ltd, Snowcem paints Pvt Ltd, British paints India Ltd, Jotun India Pvt Ltd, Mysore paints and Varnish Ltd, British Paints, Birla white, Gem paints, Suraj coats, Apollo paints Pvt Ltd, Advance paints Pvt ltd and Nippon Paints

Covered in the report:

  • Organised market
  • Unorganised market
  • Decorative paints
  • Industrial paints
  • Overall market

The report gives an in-depth understanding of the Paint market in India:

  •  India Paint Market Outlook
  •  India Paint Market Size By Value & Forecast
  •  India Paint Market Size By Volume & Forecast
  •  India Paint Market Segmental Analysis: By Company, By category, By   Segment,
  •  India Paint Organized Market Size By Value & Forecast
  •  India Paint Organized Market Size By Volume & Forecast
  •  India Paint Unorganized Market Size By Value & Forecast
  •  India Paint Unorganized Market Size By Volume & Forecast
  •  India Paint Decorative market size by value and forecast
  •  India Paint Decorative market size by volume and forecast
  •  India Paint Decorative market share by product type
  •  India Paint Industrial market size by value and forecast
  •  India Paint Industrial market size by volume and forecast
  •  India Paint Industrial market share by product type
  •  Key Vendors in this market space

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of Paints in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Other Report

India Household Cleaning Market Outlook, 2027-28 published by Bonafide Research states that the market is expected to grow robustly with revenue in 2021-22 worth INR 9927 Crores. The increasing household hygiene consciousness of consumers and various awareness programmes led by government to promote healthy living environment is driving the household cleaning market in India. The promotional and advertising activities endorsed by famous celebrities further initiate consumer buying. The rising environmentally friendly products in the category is highly trending.

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Britannia, Parle, ITC Continue To Dominate The India Biscuits Market 2027-28 I Trends, Forecast, Driver, Restraint

Earlier biscuits were regarded as part of diet for people who were ill, but at present is one of the most preferred foods across various age groups. Their popularity has grown because they can be carried easily and they offer a wide variety of tastes and are also not that expensive. Sweet, fatty biscuits trigger ones brain reward circuit, flooding it with dopamine and making feel good. The crunchiness adds on to the satisfying foods to eat, from a sensory perspective. So, it’s easy to see why one soon reaches out for another biscuit seconds after the first. A high-fiber digestive biscuit may help you feel full longer than a cookie made with processed white flour and refined sugar. Fiber also plays a part in healthy elimination, and a high-fiber diet can help you avoid the risk of heart attack, stroke and certain types of cancer. Increasing awareness health & wellness, changing lifestyle, rise in disposable income, products premiumization, along with upsurge in the number of double income households has helped biscuit market to grow considerably. In addition to this, innovations in products, changing taste preference of consumers are also driving the biscuit industry.

According to the report published by Bonafide Research, “India Biscuit market Outlook, 2027-28” the market for biscuits is anticipated to grow at a CAGR of 5.53% over the forecast period ending 2027-28. The market is running in both organized and unorganized ways. The organized market is further divided into product types such as cookies biscuit, cream biscuit, glucose, marie, milk, crackers, etc. Cookies biscuits are the largest revenue generating product in India capturing majority of the market. Cookies biscuits market is majorly driven by the urban consumers. Cookies are available in a large number of variants which are both tasty and healthy to consume. The nation is characterized with a monetarily strong middle class, making the economic pricing segment an important revenue generator. India biscuit market is dominated by players like Britannia Industries, Parle, ITC Limited, etc. Some of their largest brands include Parle-G, Good Day, Sun feast, Marie Gold, etc. All these big players are into production of every type of biscuits. Additionally, the country has some regional players as well who make biscuits for a particular region or states. India is considered to be the third biggest producer of biscuits after United States and China. The country exports its biscuits to countries like Uganda, Nepal, Tanzania Rep, etc.

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The living styles of Indians have changed a lot in recent years. Earlier, consumers used to have Parle-G glucose biscuits in the early morning with a hot cup of tea. With innovations in biscuits like introduction of cream biscuits, digestive, milk, cookies, crackers, etc. many consumers shifted their route towards newer types. Though Parle-G is still the market leader in the glucose biscuit segment, the overall market has been captured by cookies biscuits. Reason being, they are crispy, yummy and healthy to eat as they come in various types like oats, multigrain, different flavors, etc. In addition to this, cookies are nowadays used as a substitute for chocolates and sweets during festive season. The market is expected to increase on account of more number of variants in biscuits and lower price packets introduced for most of the premium biscuits.

Growth Drivers for Indian Biscuits Market are active lifestyle and health awareness of consumers, the rising demand for ready to eat snacks. On the other hand, increasing consumer awareness regarding ingredients is the major restraining factor. The consumers have become aware regarding label reading and finding out the list of ingredients from the pack of biscuits. Also strict guidelines laid pertaining to labelling & packaging of food items further hamper market growth. Additionally, increasing raw material costs and a rising tax burden on the sector are the challenges that the biscuit market is likely to face in the near future.

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Based on packaging, the India Biscuits Market is grouped into packets, jars, boxes, and others. Packets hold a significant share in the biscuit packaging segment. Most manufacturers would bundle biscuits in tight wraps because, unlike loose packets, consumers equate these with firm, non-broken products. Aside from that, manufacturers are incorporating innovations into their products, such as air cushions within flexible packs, to retain the shelf appeal of biscuits.

Based on the distribution channel, the online sector is anticipated to grow at a rapid growth rate over the forecast period as they provide higher discounts and multiple options to purchase. Additionally, the doorstep delivery option at no additional costs further propels more buyers to save time to shop their essentials. For instance, biscuits from national and foreign brands are easily available on Amazon, Big Basket, nature’s basket, Patanjali Ayurveda, Flip kart, and Snap deal, among other e-retailers in India.

Based on region, the India biscuits market is led by the Northern Region of the country that holds the maximum market share and it is expected to dominate the Indian market over the forecast period. Product innovations and high disposable income are the two primary factors driving the growth of the biscuits market in this region. Consumer tastes are also evolving, and the demand for on-the-go foods among the working population in the city is driving the market. Also, because of their increased buying power, customers can now afford to pay for delicious and high-quality biscuits. Additionally, the arrival of Manufacturing Multinationals and changing consumer habits are driving the growth of the biscuits industry.

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Covered in the report:

By India Market Size By Value & Volume along with its forecast

By Organized v/s Unorganized Biscuit Market

By Distribution Channel

  • Traditional Stores
  • Online
  • Modern stores, Supermarket, Hypermarket
  • Others (Independent Bakery, Convenience Stores)

By Region

  • North
  • South
  • East
  • West

By Packaging Type

  • Packets
  • Box
  • Jars
  • Others

By Organized Biscuit Type

  • Cookies Biscuit
  • Cream Biscuit
  • Glucose Biscuit
  • Marie Biscuit
  • Digestive Biscuit
  • Cracker Biscuit (Salted and Non-Salted)
  • Milk Biscuit

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of biscuits in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Please get in touch with our sales team in order to find out more.

Contact Us:
Bonafide Research
Steven Thomas, AM – Content Marketing
sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day.