ReleaseWire Connect

India’s sunflower refined oil market is growing immensely on the back of growing prosperity and rising of standard of living of the Indian consumers. Growing middle class population, which is a major consumer of refined oil, are rising significantly in the country exhibiting huge demand potential for future. Moreover, with rising health consciousness among consumers and attractive pricing of sunflower refined oil compare to other light oils, share of sunflower oil in total edible oil consumption in the country is anticipated to rise significantly. Considering the above factors, India sunflower oil market is projected to grow at a CAGR of around 9.5% during 2013-14 to 2016-17.

US EMR market is growing immensely on the back of rising need of integrated healthcare data in the country. Presently, the industry is going through a rapid expansion phase where several major market players are entering into strategic alliances with IT companies to enhance their technologies, to expand their market share and to gain a competitive clout over other participants. With these growing national and international collaborations, it is projected that the US EMR market would grow at a CAGR of around 15% during the forecast period 2013-2017.

The Indian Premium Cereal Market is poised to grow due to the determined marketing efforts by the various players. Various initiatives have been taken by the manufacturers to overcome the low awareness of breakfast cereals in the country. Activities like cooking with celebrity chefs, trial packs and in-store promotions are gaining popularity amongst cereal marketers. Thus, the increased efforts by various players to attract the customers through promotional activities contribute to the vivid future of the market. Considering the above promising factors, Indian Premium Cereal Market is projected to grow at a CAGR of around 20% during the forecast period 2013-2016.

China is among world’s largest consumer markets for luxury goods and accessories. Country’s luxury footwear market is witnessing a huge demand on the back of a growing affluent population. Presently, country’s footwear market has presence of numerous luxury footwear brands such as Gucci, Prada, Louis Vuitton, Salvatore Ferragamo and TOD’s whereas many international brands are looking to tap the upper crust of consumers in China. With this growing demand, the luxury footwear’s sale is anticipated to grow at a CAGR of more than 20% during 2013-2017.

The new report by RNCOS “Global Electric Vehicles Market Outlook 2020”, highlights the prospects of electric vehicle across the globe in the near future. Rising environmental concerns are prompting country governments to take active steps towards the growth of zero emission vehicles such as electric vehicles. Consequently, government incentives for electric vehicles have been established by several national and local governments around the world as a financial incentive for consumers to purchase plug-in electric vehicles.

India’s focus towards solar power is rising due to growing need for energy and shortages in conventional power generation sources. With this demand for solar photovoltaic panels and products are also increasing. As a result manufacturers are expanding their existing capacities to meet the rising demand in the country. Also, the India government has initiated subsidy schemes to support domestic manufactures which would help domestic panel producers to scale up operations and improve their cost competitiveness.

Increasing government support, better FDI inflows and increasing investment by private players are some of the major driving factors for growth of Russian Pharmaceutical Industry. The commercial drug segment occupied approximately 15% share in pharmaceutical market owing to the increasing consumer preferences for branded products and strengthening of Ruble. Besides, increasing healthcare spending and rising ageing population has been driving the sales in the commercial drug segment. Majority of drugs used in the country are imported which impacts the share of domestic pharmaceutical players in the commercial market. Therefore, the Russian Government has even introduced new policies and measures to restrict the access to imported medicines.

The Indian poultry sector has emerged from entirely unorganized farming practice to commercial production system with state-of-the-art technological interventions. Automation has lead to significant improvement in hygiene and quality of production. New techniques for automated processing line, vacuum packing, skin packing, MAP (modified atmospheric packaging) to enhance the shelf-life of the meat etc. are fast gaining ground in India. It is anticipated that the poultry industry will grow at a CAGR of around 11% during 2012-13 to 2016-17.

In value terms, India’s IVF market is anticipated to have touched the mark of INR 14.2 Billion by the end of 2013. The very market is anticipated to register a double digit CAGR over the 5 year period spanning from 2013 to 2018. In the coming years, many new IVF clinics are likely to start operating in India. Furthermore, on the technological front, some novel and advanced technologies are also under development, which will find substantial use in the field of IVF. These factors will significantly impact the growth of IVF market in India in the near future.

With uprising foodborne illness due to Listeria, E. Colli, the food testing market of US has been vastly expanding and is estimated to reach US$ 4.4 Billion by 2017. The countries’ food producers have adopted the use of high end technological food testing programs for minimizing the risk from contamination. In addition to this, these producers are also using the “rapid test methods” as a way to check the level of adulteration in food items. Policy decisions such as Food Modernization Act are being taken up to shift focus towards prevention. On the other hand Europe, one of the largest importers of food, has been restricting itself with traditional testing technologies. In comparison, developing nations like India and China are going through a transformation phase, backed by increased spending from the government.