8 Nov 2023
The personal wash products, which consist of products such as soaps, body wash, shower gel and liquid hand wash are expected to clock a CAGR (compound annual growth rate) of 8.45 percent until 2021, as per a report titled ?India Personal Wash Market Outlook 2021? by Bonafide Research, a global research company. Although the industry is mainly driven by the bath soap category, shower gel products too are a fast-expanding segment, both in India and across international markets. Vama says that there?s a huge potential in the segment with lots of opportunities and thus she and her mother are trying to experiment more formulations to cater to their customer?s needs which are present internationally too.
8 Nov 2023
In the pet services space, it competes with the likes of ?Monkoodog?, ?ThePetNest?, Heads Up for Tails, and ?Vetco?, among several others. According to a Bonafide Research report, the Indian pet care industry is expected to reach Rs 5,474 crore by 2025, with a CAGR of more than 19 percent.
8 Nov 2023
According to a Bonafide Research report, the Indian pet care industry is expected to reach Rs 5,474 crore by 2025, with a CAGR of more than 19 percent. As more and more Gen Z and millennials turn pet parents, we take a look at five startups fulfilling the needs of the rapidly evolving petcare industry in India.
8 Nov 2023
According to the report, ?India Men?s Grooming Market Outlook, 2027-28? published by Bonafide Research and Marketing, the market is expected to grow with a CAGR (compound annual growth rate) of more than 11% during the forecast period with more than Rs 31,000 crore market size.
8 Nov 2023
The bean-to-bar chocolate market in India is estimated to produce two lakh bars this year, and is likely to grow by more than 100 per cent on a year-on-year basis. The market size is expected to be worth ?25 crore by 2022, or even earlier. According to the India Chocolate Market Outlook ? 2023, by Bonafide Research, the premium chocolate market in India was worth ?2,754 crore at the end of FY17. The market has grown at a CAGR of over 28 per cent in the last five years. ?The expansion in the premium chocolate segment and awareness of pure foods will logically drive growth to the bean-to-bar chocolate business,? asserts Chordia.
8 Nov 2023
According to Bonafide Research : Global Electric Vehicle Market is Expected to grow a market of USD 400 Billion by 2025.
8 Nov 2023
According to Bonafide Research : Global Electric Vehicle Market is Expected to grow a market of USD 400 Billion by 2025.
8 Nov 2023
Indian consumers seem to have recovered their taste for traditional snacks with impressive growth rate of local and regional players in Last couple of Years: Bonafide Research "The snack market has recently seen a boom in the number of traditional snack manufacturers who produce packaged products but it is very essential for them to develop a sound strategy and have an in-depth knowledge of their target consumers." After 2001, India has seen a massive change in Snack food market. The meaning of snack has been redefined from chips and cookies to beverages, mini-meals and even three items on the plate. There is a rise in demand of snacks market which drives manufactures to grow and operate in this segment lucratively. Due to the busier lifestyle in the recent past, the demand for convenient products has increased a lot with the thrust of packaged food in India. With the advancement of technology, urbanization, increase in purchasing power, growth in female work population, expansion of nuclear families has augmented the business of the packaged snack food and attracted a large mass toward the snack market in India. In order to save time, people are gradually shifting to ready to eat food items. And the growth rate of the packaged food market has been remarkable in last five years.
8 Nov 2023
The city is making all possible efforts to capitalise on impressive growth of the gaming industry and if projections are to be believed the gaming industry could soon bring massive investments to the already established tech hub of the Middle East. According to a research recently published by a Gujarat based market research firm, Bonafide Research, The gaming industry in Dubai is experiencing significant growth. It is a part of the larger UAE market, which is likely to grow up to $17.28 million by 2028. The game, available for iOS and Android devices, was initially developed as a physical board game. It was later transformed into a comprehensive mobile game with the assistance of Dubai Police?s Artificial Intelligence (AI) team. To date, Dubai Police have developed nearly 80 games of this nature, with ?My Child My Friend? being their latest offering. ?My Child My Friend? is available in two modes: Split Screen and Online. It bears resemblance to the popular game of Ludo and features a game board with 1 to 30 boxes. Players need to roll the dice and move their character along the designated path based on the number shown on the dice.
8 Nov 2023
Drink trends come and go, but you can?t keep a good dram down. According to the new Global Whisky Market Overview, 2023-28 report by Bonafide Research, the whiskey category is set to reach $127 billion by 2028. The category is expanding at a CAGR of 6.34% According to the report, Asia-Pacific has evolved as one of the most exciting regions for whiskey, with India showing a particularly huge amount of affinity for the spirit.
8 Nov 2023
Sanjana Desai, head, business development, Desai Brothers Ltd ? Food Division (Mother?s Recipe), said, ?As per Bonafide Research?s recent report titled India Ready-To-Mix Market Outlook-2021, the ready-to-mix market was growing with a compound annual growth rate (CAGR) of 13.22 per cent in the last five years and is expected to double by 2021.? ?This growth can be attributed to the changing lifestyles of our time-deficient consumers, coupled with the rising number of nuclear families in young India and men and women both shouldering multiple roles. Keeping this in mind, a thoughtfully-designed product ticks all the boxes of convenience, nutrition and taste,? she added.
8 Nov 2023
In recent years, rapid urbanisation, nuclear family structures, and the humanisation of pets have all contributed to the worldwide increase in pet ownership. According to a survey by Bonafide Research, the Indian pet care business is projected to reach Rs 5,474 crore by 2025. Tapping into the trends, companies are releasing a slew of luxury pet accessories such as touch-sensitive feeding bowls that load water as needed or food from a canister when the pet touches them. Pet owners are drawn to specialised products for a variety of reasons, including convenience, care and love for their furry friends, and are prepared to go the extra mile for their pets? wellbeing, way beyond just ensuring they are well fed.
8 Nov 2023
The pandemic has opened up abundant opportunities for players in India's pet industry. The demand for pets is more today than ever. With it, the demand for pet food, accessories, grooming products and toys is also on the rise. According to the report titled "India Pet Care Market Outlook, 2025", by Bonafide Research, the Indian pet care market is expected to reach INR 5457 crore by the end of the year 2025. It will register a CAGR of more than 19 per cent. Today, there is also a huge opportunity for entrepreneurs to explore innovative business models in the space such as arranging pet-friendly vacations, pet gifts, consulting services, adoption services for street dogs, among others. We are also seeing the adoption of animals other than dogs and cats including birds, turtles, and tortoises.
8 Nov 2023
India?s pet care market is expected to grow to Rs 7,500 crore by the end of 2026, on account of rising nuclear families, double-income households, change in lifestyle, urbanisation, and increasing pet ownership, according to a report by Bonafide Research. Nearly all these are reasons for more people travelling with their pets. Nuclear families mean there are fewer options to leave pets behind. Also, the pandemic resulted in more people undertaking driving holidays, making it that much easier to travel with pets. ?There has been an exponential increase in the number of pet families that have been checking in, particularly in the past couple of years. One of the impacts of the pandemic is that there was a huge increase in the number of people taking road trips, which then allowed a lot of families to travel with their pets, and hence look for pet-friendly accommodation,? says a spokesperson from Lemon Tree Hotels; the chain has three pet-friendly hotels in Coorg, Goa, and Manesar. While ITC Hotels launched their ?Petcaytion? initiative a few years ago, they too have seen an increase in demand post the pandemic. ?Post the pandemic, many travellers are seeking destinations that allow pet stays. Everyone wants to enjoy a vacation and the pleasure of having their pets with them really multiplies their joy, besides giving them worry-free stays that they may not have experienced earlier leaving their pets at home,? says Anil Chadha, Divisional Chief Executive-ITC Hotels. Welcomhotels at leisure destinations such as Amritsar, Shimla and Jodhpur are pet friendly, along with ITC Grand Goa, ITC Chola (Chennai), ITC Grand Bharat (Manesar) and ITC Rajputana (Jaipur). Ensuring that your stay is completely worry-free, ITC Hotels also provides a vet-on-call.
8 Nov 2023
Bonafide Research's recent report 'India Breakfast Cereal Market Outlook, 2021', said only a handful of companies - Kellogg?s India, Bagrry and PepsiCo Quaker - command 75% of the market, leaving room for competitors. To put India?s numbers in perspective, Euromonitor said in a November 2014 report that the US cereal retail value sales are expected to drop 8% from 2014 to 2018. Companies, such as Kellogg, have realized how important these burgeoning markets are and have spoken extensively about targeting emerging cereal markets.
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