Latest Publications

US$ 11.7 Billion Global Plant based Foods Market to Register 10.3% CAGR between 2019 and 2028, finds Bekryl

According to the recently released report by Bekryl, Global Plant based Foods Market was valued at US$ 11.7 billion in 2018 and will register 10.3% CAGR during the forecast period. It is estimated to reach US$ 12.9 billion by 2019 end. Plant based food products is increasingly gaining space in major retail store shelves primarily due to vegetarian and vegan becoming mainstream lifestyle choice. The trend has become quite popular in Western countries.

North America dominated the global plant based foods market, accounting for 36.8% revenue share in 2018. AS per the research, nearly nine million U.S. population eat solely vegetarian diet. While vegetarian is not going to become mainstream food habit anytime sooner, a large number of population add plant based proteins to their diet frequently. The trend has helped the industry players to generate revenue in double digit growth in the region. In the last few years, many companies including startups has emerged in the region to capitalize on growing plant based foods market. Bekryl estimates the competition to heighten in another five years, with established players opting for inorganic growth strategy and adopting new-to-market food products to meet taste preferences of local consumers. Direct supply chain model is also expected to become key focal point wherein companies might target food outlets engaged solely in vegetarian food products.

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A number of key initiatives were seen in the North America region ranging from launching new products to expansion of production plant. Recently, in April 2019, Maple Leaf announced plans to build US$ 310 million plant based food processing facility in U.S. The plant is expected to double the production capacity and thereby gain significant market share in already well penetrated U.S. plant based proteins market. Similar developments were seen across range of companies in the region.

Few key Trends from Global Plant Based Foods Market:

Plant based Foods Industry Giants Focusing on Inorganic Growth and Regional Expansion to Boost Sales

Existing food and beverage companies are focusing on protecting and enhancing their positions in the market, both through internally driven product development and innovation and inorganic growth through the acquisition of the new disruptor brands and products locally or regionally.

For instance, in 2017, Danone S.A. acquired Alpro, a Belgium-based plant-based dairy manufacturer, in order to broaden its presence in the plant-based market. Further, in May 2019, Danone announced plans to expand its worldwide plant-based sales. In addition, the company will start selling plant-based yogurts under ‘Activia’, in countries such as Spain, France and the U.K. within the next 12 months.

Direct-to-Consumer Model is the New Trend in Global Plant based Foods Market

Direct-to-consumer has become the focal strategic point for many of the key players operational in the segment. Heightened competition, increased bargaining power of suppliers has led manufacturers to directly engage with client through various means. Digitization has played a very crucial role in overall development of direct-to-consumer model. The trend has helped the companies to understand the consumer perceptions as well as ensuring higher client retention. Various new entrants are already leveraging the model, though in a limited scenario. Online channel is the biggest means of reaching consumers for these companies.

In 2017, Daily Harvest raised US$ 43 million in Series B funding. The company offers build-your-box service that deliver orders to consumer doorstep. Similar initiatives were seen across other new entrants.

New-to-Market Food Products Will Continue to be Major Trend in the Industry

Key players in the plant based food market focus on launching new products in order to broaden their product offerings and cater to a wide gamut of consumers in the coming years. For instance, in June 2019, Tyson Foods, Inc. launched meat replacement products under its new ‘Raised & Rooted’ brand. In April 2019, Aloha launched plant-based protein drinks available in 3 flavors namely Chocolate Sea Salt, Coconut and Vanilla.

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Key companies covered in the report are:

Tyson Foods, Inc.

Danone S.A.

Glanbia plc

Wilmar International Ltd.

du Pont de Nemours and Company

Roquette Freres

Cargill Inc.

Archer-Daniels Midland Co

Cargill Inc.

Impossible Foods Inc.

Beyond Meat

Burcon Nutrascience Corporation

AGT Food & Ingredients, Inc.

Cosucra Groupe Warcoing

Ingredion Inc.

CHS Inc.

The Scoular Company

Ag Processing Inc.

Shandong Yuwang Ecological Food Industry Co., Ltd.

Gushen Group Co., Ltd.

Biopress S.A.S

Fonterra Co-operative Group

AMCO Proteins

Omega Protein Incorporation

By |2019-08-29T13:40:18+00:00August 29th, 2019|Latest Publications|

Global Electric Bus Market Units to Reach 820,150 Units On-Road by 2028

According to the recently released report by Bekryl, Global Electric Bus Market is estimated to be valued over US$ 25 billion in 2019. There will be over 820 thousand on-road electric bus units by 2028. Growth in the market is primarily driven by higher emphasis on potential replacement of diesel buses with electric buses.

Excerpts from the research report states China to be the leading destination for e-buses industry players. In 2018, China accounted for 97.7% of total e-buses unit sales. China is the major market for electric bus players. As of 2019, every third bus is powered with electric batteries. The industry is dominated by presence of large number of regional players. Earlier in 2018, Bekryl predicted China to register slowdown in unit sales in 2018 and 2019. The same has been noted with unit sales declining by 17.9% in 2018 as compared to that in 2017. In continuation, Bekryl further projects growth to decline by 14% in 2019. Decline in growth is attributed to decreased electric vehicle subsidies by up to 50% in 2019. This has adversely affected the regional players that relies heavily on government subsidies. Sales has declined and companies seems to be struggling making profits. BYD, key player in electric bus segment, has temporarily halted its operations at its EV bus factory in Guangzhou in March 2019. Another company Zhongtong Bus Holding registered over 30% drop in electric bus unit sales in 2018.

If China government completely phase out the subsidies by 2020, Chinese players will be put on level playing field with those of North America and Europe based companies. However, long standing technical expertise will help China based players to dominate the global share. Substantial phase-out of subsidies will lead China electric bus market to become consolidated by 2025. While the sales in the region will decline, China will still continue to generate highest revenue for electric bus manufacturers worldwide. Furthermore, Bekryl estimates sales in the country to stabilize by 2023, thereby registering upward trajectory growth. By 2023, industry will become highly consolidated with major players accounting for the highest revenue share. On an average, China market will witness 62 thousand annual sales between 2019 and 2028, with cyclic variation.

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India has emerged as the second largest destination for industry players. In 2019, government of India allocated US$ 349.6 million towards procurement of 5,000 electric buses. The trend is likely to be same throughout the forecast period, with government taking necessary steps towards achieving 100% electric vehicle sales by 2030.

Few key Trends from Global Medical Foods Market:

Companies are Focusing on Battery Technology to Offer High Mileage Vehicles

Various electric bus manufactures focus on enhancing their battery technology and charging solutions through partnership and product development. These manufacturers focus on prolonging the bus run duration as well as minimizing the charging duration.

In 2017, Proterra Inc. partnered with LG Chem, a South Korea based chemical company, in order to develop battery cell optimized for the heavy duty vehicle market. Similar development is witnessed across other leading companies.

School Electric Bus Market to Create New Revenue Opportunities for Industry Players

While transit electric buses will continue to dominate the global sales, school electric bus will gain highest traction during the forecast period. The trend will be strong in North America, wherein school buses account for a larger share. As per the estimates, there are close to 460,000 school buses operational in U.S. The Government is focusing on phasing out conventional buses with e-buses in order to comply with sustainable growth. In 2016, U.S. government came up with grants worth US$ 7.7 Million for electric bus deployment across 88 participants. In 2018, U.S. government again came up with US$ 8.7 Million grant to either replace or retrofit the existing conventional buses. As per the 2018 EPA’s DERA Funding policies, a rebate of US$ 15,000 to US$20,000 per unit is applicable to buses with 2006 or older version.

Bekryl estimates the school electric buses will be a disruptive driving force in U.S.  Lower competition and government support will further help companies to drive high ROI. While there is immense opportunity, the deployment is expected to be partially slower and will gain high traction post 2023.

Plant Expansion

Demand for electric bus has significantly increased in last few years. Various government is actively encouraging the deployment of e-buses with lucrative incentives. As such, companies are not only strengthening their marketing channels but also focusing on setting up production plant across continent. Plant expansion is a part of strategic importance. Pricing plays a key role in overall bus tenders. As such, local/regional production plants will greatly reduce the operational cost and ensure higher return on investment (ROI) on long term duration.

Companies are strategically focusing on plant capacity addition in order to lower supply chain gap. For instance, in 2019, Olectra-BYD announced its plans to setup its second production plant in India, which is expected to be full-fledged operational by 2021. In 2017, BYD Company set up new electric bus manufacturing plant at Komaram, Hungary, in order to cater to growing demand in Eastern Europe. Another company Proterra set up manufacturing plant at Los Angeles, U.S. in the same year.

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Key companies covered in the report are:

Yutong, New Flyer of America, BYD Company Limited, AB Volvo, Daimler AG, Proterra, Inc., and Zhongtong Bus & Holding Co., Ltd. Also, other key contributors are Ashok Leyland, Ltd., Solaris Bus & Coach S.A., EBUSCO, Shenzhen Wuzhoulong Motors Co., Ltd, and Alexander Dennis Limited.

By |2019-08-20T18:52:34+00:00August 20th, 2019|Latest Publications|

Global Medical Foods Market Value to Surpass US$ 17.5 Billion by 2028, finds Bekryl

According to the recently released report by Bekryl, Global Medical Foods Market (Food for Special Medical Purposes Market) was valued at US$ 11.2 billion in 2018 and will register 4.6% CAGR during the forecast period. It is estimated to reach US$ 11.7 billion by 2019 end. Demand for medical foods has heightened in the last three years owing to changing lifestyle and substantial increase in chronic illness such as Diabetes and Alzheimer’s disease to name a few. Moreover, patients prefer outpatient settings rather than inpatient environment. Many healthcare professionals prefer recommending medical foods to reduce heavy drugs intake and offer better quality of life. Medical foods popularity has led many companies to focus on launching range of products. The ecosystem is expected to hyper-competitive with further emergence of new entrants in the market. Majority of the industry players control a large set of value chain, thereby minimizing supply chain gap and generating higher profit margins on products.

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Excerpts from the reports states North America to be the lucrative destination for companies in 2019. North America medical foods market accounted for 33% of global revenue share in 2018. Close to 60% of regional revenue was generated by Nestle and Abbott in 2018. The region has the highest per capita income and healthcare expenditure. Also, over 45% of the regional population is aged above 50 years – requiring special living treatment. These factors have substantially driven the growth of medical foods product in the region. Large pool of the revenue is concentrated to major players. These players are further strengthening market position by high patenting activities. There are over 60 FSMP companies operational in North America.

Asia Pacific is expected to register fastest growth during the forecast period driven by increasing sales in China and India market. According to the China State Administration for Market Regulation, a total of 34 medical food products has been approved till July 2019. Growth in the China medical foods market is significantly high. Foreign players accounted for the majority of the FSMP sales in the region.

Few key Trends from Global Medical Foods Market:

Companies are shifting from dietary supplements and packaged food materials to medical food based products

Demand for healthy diets and consumer perceptions towards food as medicines has led many giants to prioritize their marketing strategy towards medical foods. Consumers prefer purchasing supplements or foods that are clinically proven and are able to minimize the ill effects of chronic illness. The trend is stronger among aging population that accounts for 22% of total population. As a result, few major companies have prioritized their business towards medical foods. This is expected to help companies generate higher profit margins and further expand business presence. For instance, Nestlé is actively enhancing its presence in the medical foods segment through its already wide distribution networks worldwide. In 2016, Nestlé Health Science entered in agreement with Seres Therapeutics to develop food products that can restore natural microflora of the gut. Further, in 2018, Nestlé has invested US$ 151.3 million in two factories in China in order to boost its medical food products and skincare products.

Another major company, Danone opened Nutricia Cujik production facility in March 2019. The company has invested USD 266 million in production plant to meet increasing demand of specialized infant nutrition especially in Europe.

New Entrants to Emerge in Medical Foods Market

Regularization of medical foods has led to emergence 0f many new players in the market. While few players are focusing on enhancing distribution channel, others are emphasizing on product R&D to ensure long term sustainability. For instance, BASF entered the Medical foods market in 2017. Such developments could potentially prove a challenge to already established players. BASF Corporation entered in distribution agreement with DIEM Labs LLC to commercialize its first U.S. medical food products for Non-Alcoholic Fatty Liver Disease (NAFLD) patients.

Diabetic Neuropathy to be the Largest Therapeutic Application Segment in 2019

By therapeutic applications, medical foods sale is expected to be dominant in diabetic neuropathy segment. The segment was valued at US$ 3,659.9 million in 2018 and will continue to register significant growth throughout the forecast period.

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Key companies covered in the report are:

  • Nestle
  • Primus Pharmaceutical
  • Mead Johnson Nutrition
  • Epitech
  • Grunbiotics
  • Belupo
  • Medifood
  • B.Braun
  • Danone
  • Norsa Pharma
  • Abbott
  • Glycemicon AG

By |2019-08-19T18:03:42+00:00August 19th, 2019|Latest Publications|

US$ 57.4 Billion Global Smart Home Devices Market to Register 21.1% CAGR between 2019 and 2028

According to the recently released report by Bekryl, Global smart home devices market is estimated to be valued at US$ 57.4 billion in 2019 and will register 21.1% CAGR during the forecast period. In the last five years, these connected devices has penetrated across millions of homes worldwide, with majority of them concentrated in North America. Growth in the segment is attributed to changing technological landscape and rise in urbanization. As of 2019, over 55% population is living in cities and is expected to grow to 59% by 2028. Rapid urbanization has pushed government and companies to innovate technologies matching future quality of life. This has pushed the demand for smart connected devices across range of verticals including infrastructure. Currently, the industry is naïve and is slowly moving towards integrated smart home concepts wherein the devices will seamlessly communicate and work together in conjugation.

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Excerpts from the research report states North America to be the leading destination for industry players. In 2018, North America smart home devices market was valued at US$ 22.5 million. This accounts to 47.5% of global share. Sales revenue of these connected devices will grow by 3.9X by 2028 to create significantly higher market opportunity for players. As per the Bekryl estimates, over 28% of the houses are equipped with smart home devices. Higher per capita income along with better technological atmosphere are the key factors driving the overall sales of connected devices in the region. Amazon and Google accounted for the largest market share in the region. These companies are strategically focusing on offering best-in-class product at lower cost, in order to gain traction among millennials.

Few key Trends from Global Electric Scooters and Motorcycles Market:

Video Entertainment Segment to Account for 38% of Global Smart Home Devices Market Share in 2019

In 2019, video entertainment segment is estimated to dominate the global smart home devices unit sales. Growth in the video entertainment devices is attributed to increasing demand for smart TV as well as digital media adapters such as Apple TV, Amazon Fire TV, Roku’s devices etc.  In 2018, over 300 million units of video entertainment were shipped worldwide. Roku dominated the North America streaming player market, however, Amazon Fire TV has gained significant market share worldwide. Industry leaders are focusing on upgrading their product portfolio with smart SKU as well as are highly priced focused.

By 2028, home security will become the largest segment followed by video entertainment and smart speakers. It is highly probable that devices will have common integrated platform by 2028, which will further boost the sales of smart home devices worldwide.

Companies are Focusing on Inorganic Growth Strategy in Order to Enhance Business Presence and Leverage the Existing Technologies

Competition in the market has heightened since 2018. Various companies are coming up with smart devices in order to gain maximum clients. Major companies are focusing on acquiring high potential startups/companies to leverage the developed technologies or strengthen the business presence in the said segment. For instance, in February 2019, Amazon acquired Eero, a US-based mesh Wi-Fi system provider, in order to complement its product offerings in the smart home devices market. Several such developments were seen in the market. The trend is likely to be seen in another ten years.

Product Development Will Continue to be the Key Focus of the Industry Players

Industry players will continue to focus on developing cost effective smart home devices with value added features and better integration with rest of the connected devices. Recently, in August 2019, In August 2019, Sony Corporation announced the launch of its ‘SRS-XB402M’, a new wireless speaker with Alexa support, in order to tap into the smart home devices market.


Internet of Things (IOT) Policy Frameworks to Boost the Adoption of Smart Home Devices Worldwide

Government of various countries has played a decisive role in boosting IoT infrastructure. IoT has become a core aspect to the urbanization and improving the quality of lifestyle. Strategic IoT policy support from the government has accelerated the adoption rate of connected device. For instance, Government of South Korea announced to invest US$ 5 billion in internet of things till 2020. In 2015, United States announced a grant of US$ 160 million for the creation of software and IoT applications towards smart cities project. Another country, United Arab Emirates started smart cities initiatives beginning 2013. Large number of such initiatives will propel the overall ecosystem of connected device industry including smart home devices market.

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Key companies covered in the report are:

  • Electrolux AB (Frigidaire)
  • Carrier Corporation
  • LG Electronics Inc.
  • The Whirlpool Corporation
  • Dyson Ltd
  • Xiaomi Corporation
  • Google LLC
  • Honeywell International Inc.
  • Bose Corporation
  • Denon
  • Sonos
  • NETGEAR Inc.
  • D-Link Corporation
  • Ring Inc.
  • Samsung Electronics Co., Ltd.
  • Nest
  • Ecobee
  • Koninklijke Philips N.V.
  • LIFX
  • TP-Link Technologies Co., Ltd.
  • Belkin International, Inc.

By |2019-08-18T03:52:10+00:00August 18th, 2019|Latest Publications|

Global Electric Scooters and Motorcycles Market to Register 13% CAGR, finds Bekryl

USD 21.3 Bn Electric Scooters and Motorcycles Market is Set to Register 13% CAGR, driven by Advancement in Battery Technology and Emergence of New Distribution Channel, says Bekryl

According to the recently report by Bekryl, Global Electric Scooters and Motorcycles Market was valued at US$ 21.3 billion in 2018 and is set to register 13% CAGR and witness 3.4X increase in revenue by 2028. Increasing pollution, rise in urbanization and advancement in battery technology has led 2 wheeler segment Industry players to embrace disruption and shift towards electric vehicles. Electric scooters offer lower total cost of ownership (TCOs). In certain configurations, electric scooters and motorcycles have lower total cost of ownership than comparable conventional two wheeler motor vehicles. Operational savings is one of the prime factor in boosting the growth of the electric scooters and motorcycles market during the forecast period. In addition, electric scooters and motorcycles run more quietly than conventional vehicle, which reduces noise pollution.

Electric Scooters Market Trends and Analyst Views
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The report states Asia Pacific as the leading electric scooter and motorcycle market. In 2018, China dominated the regional sales with 94.5% market share. However, it will lose significant share to India, which is expected to gain 3,880 basis points by the end of 2028 – thereby becoming regional corridor to many companies. Overall, competition will heighten with traditional players slowly shifting towards electric scooter platform. Majority of the motorized electric scooters falls in category of 50cc to 125cc in the region. In terms of revenue, electric scooters accounted for 61% of total Asia Pacific market in 2018.

Few key Trends from Global Electric Scooters and Motorcycles Market:

Focus on Industry Partnership

Various Electric Scooters and Motorcycles manufactures focus on enhancing their presence and product portfolio across various regions through partnerships. For instance, in 2018, electric scooter startup GRIN entered in partnership with Brazil based RIDE. The development was noticed shortly after Grin raised a ~$45 million Series A round.

Smart Ride Concept is Gaining Market Prominence

Companies are focusing on offering vehicles that meet today’s IoT criteria. With changing ecosystem and higher integration of internet of things, consumers look forward to value enriched vehicles. Till date, only four wheelers used to be fitted with value added features, however, the prototype is slowly getting shifted to two wheelers. Smart vehicles is intended to offer altogether new experience to clients. There are several instances seen wherein smart e-vehicles is gaining prominence. In 2018, Twenty Two Motors unveiled smart scooter – equipped with AI and cloud capabilities.

Emergence of New Entrants to the Electric Scooters and Motorcycles Industry

21st century has seen emergence of many startups. Emergence of green vehicles has created ample market opportunity for new entrants. These entrants leverages new technology to disrupt the market. The trend can be seen across various EV industries including electric scooters and motorcycles. To date most of these companies are in manufacturing of electric scooters, backed by large investors. Majority of these companies are registered in China. Sunra, Yadea, AIMA, Gogoro, Niu Technologies are well funded in China. These companies are leveraging technologies to stay ahead of competitors. Ather Energy and Twenty Two Motors has gained wide scale popularity among Indian consumers. The product is listed as premium and are tapping upper middle class income groups.

High Powered Electric Motorcycles Market to Register Fastest Growth Between 2018 and 2028

In 2018, high powered electric motorcycles accounted for just 0.1% of total electric scooter and motorcycle unit sales worldwide. However, it is expected to register fastest CAGR of 47.4% during the forecast period.

To purchase the report or know more about the industry, visit:

Key companies covered in the report are:

  • Zero Motorcycles Inc.
  • Bayerische Motoren Werke AG
  • Piaggio & C. SpA
  • Niu Technologies
  • Gogoro Inc.
  • Terra Motors Corp.
  • KTM AG
  • Govecs AG
  • Honda Motor Company, Ltd.
  • Jiangsu Xinri E-Vehicle Co., Ltd.-Sunra
  • Ninebot Inc.
  • Hero Electric Vehicles Pvt. Ltd.
  • Kingsong Intell Co., Ltd.
  • Alta Motors Inc.
  • Toyota Motor Corporation
  • Mahindra & Mahindra Ltd.

By |2019-08-06T05:53:42+00:00August 6th, 2019|Latest Publications|

US$ 31 Billion Global Beauty Devices Market Value to Register 12.7% CAGR between 2018 and 2028

USD 31 Billion Global Beauty Devices Market Value to Register 12.7% CAGR between 2018 and 2028

According to recently updated report by Bekryl, the global beauty devices market value is expected to exceed US$ 86 billion by 2028. To procure full report, visit:

Global beauty devices market value is expected to register a CAGR of 12.7% during the forecast period, finds Bekryl Market Analysts.

Industry players registered upward trajectory growth in first half of 2018 and is expected to carry forward the growth momentum throughout the forecast period. Top six beauty device players accounted for 76% of global revenue share. Cutthroat competition has led leading companies to adopt inorganic growth strategy. Mergers and acquisitions are expected to play a key role in shaping the industry growth.

Product pricing is another key trend noticed in the market. Hyper-competition has led players to launch economic price products. This in turn has led to higher market capitalization. Furthermore, direct sales channel is at the core of the marketing strategy for beauty devices manufacturers. The trend is likely to continue in the future with higher level of ecommerce platform adoption.

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Few Key Excerpts from the Global Beauty Devices Market Report:

North America to Dominate the Global Sales Revenue in 2019: North America is estimated to account for 39% of global sales revenue in 2018. The region will continue to drive the healthy growth for industry players in 2019. Sheer size of middle aged population, higher healthcare and beauty care spending has created favorable business environment in the region. Also, there has been significant rise in skincare issues in the region. As per the recently conducted study, nearly 85% of young population are prone to acne in America.

Germany to Dominate the Western Europe Beauty Device Market:

In Europe, Germany accounted for over 26% of total regional sales. There are already well established players operational in Western Europe. Industry is highly consolidated with top six players accounting for 81% of total regional revenue share. The net consumer spending has increased by 2.15% in 2017 than that in 2016. This is expected to boost homecare beauty device market in the region.

At-home Beauty Devices Market to Gain Prominence:

At-home beauty device tools is registering impressive 22.6% growth – higher than the industry average. Demand for such tools has increased with rise in digitization and lower product prices. Philips, Beurer, and Home Skinnovations has expanded their product portfolio and holds considerable market share.

Leading Players are Focusing on Digitization and Product Innovation in Beauty Device Segment

Companies are focusing on product innovation in order to stay agile and build brand reputation. AS of 2018, midsize players are coming up with innovative products in order generate higher ROI. Leading players are facing pricing level differentiation from midsize companies. As a result, leading companies are actively leveraging various advanced features including IoT modules. Such initiative is expected to boost overall growth in already saturated beauty device market.

Mergers and Acquisition to be the Key Marketing Strategy

In the last few years, there has been various mergers & acquisitions that took place in the global beauty devices market. For instance, in 2017, L’Oréal acquired Valeant pharmaceuticals for US$ 1.3 billion in cash. The deal is intended to help L’Oreal expand its business presence with control over key brands – AcneFree, Ambi and CeraVe. Several such initiative is expected to take place in coming years as the industry is getting hyper-competitive with new players entering the white space.

To know more about beauty devices market trends and data, visit:

Some key global Beauty Devices Market Players are The Proctor & Gamble Company, Home SKinovations Ltd, L’Oreal SA, Lumenis Ltd., Panasonic Corporation, Photomedax Inc., Carol Cole Company, TRIA Beauty, Inc., Syneron Medical, and Koninklijke Philips N.V.

Research Scope and Brief Research Methodology:

Beauty Devices Market, Product Type:

  • Hair Growth Devices
  • Oxygen and Steamer Devices
  • LED Therapy Devices
  • Cleansing Devices
  • Hair Removal Devices
  • Acne Devices
  • Skin Dermal Rollers
  • Cellulite Reduction Devices
  • Other Beauty Devices

Beauty Devices Market, By End-use:

  • At-Home Usage
  • Salons
  • Spas
  • Dermatology Centers
  • Others

Similar Report :

About Bekryl

Bekryl Market Analysts is a global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today’s disruptive business environment. We bring together data, leader’s opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.

By |2018-11-18T06:43:31+00:00November 18th, 2018|Latest Publications|

US$ 37.3 Billion Global Breakfast Cereals Market Value to Register 5.7% CAGR Between 2018 and 2028

USD 37.3 Bn Global Breakfast Cereals Market Value to Register 5.7% CAGR between 2018 and 2028

Global breakfast cereals market value is expected to exceed USD 65 billion by 2028, finds Bekryl Market Analysts. Top seven players to account for over 90% of global revenue share. Over the last five years, the competition in breakfast cereals market has heightened with many regional players emerging in already saturated market. Companies are focusing on regional taste flavored products to ensure long term sustainability and gain market share over the time period. Globally, the industry will be driven by demand for healthy and organic breakfast cereal To procure full report, visit:

Global breakfast cereals market is expected to exceed USD 65 billion by 2028, finds Bekryl Market Analysts.

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Some key trends from the global Breakfast Cereals market:

Trend#1: North America to Dominate the Global Breakfast Cereal Market Revenue

North America is estimated to account for 36.9% of global revenue share in 2018. It is expected to hold its market dominance throughout the forecast period. The industry is highly saturated and is facing stiff competition from alternative breakfast segment. Millennial consumers have wide range of choices ranging from energy bars to biscuits. Cutthroat competition has led cereal companies to invest in product innovation. Various new flavor variants were launched in 2017 and 2018. The trend is likely to continue to maintain market presence. Also, companies are increasing their foodservice distribution networks to minimize the competition from outside the industry.

Trend#2: Breakfast Cereals Companies are Tapping Teens and Young Adult Population to Drive Revenue

Less than a decade ago, cereals use to enjoy the dominance on almost each age group. However, in last few years, the trend has shifted towards 12 to 21 age group population. There has been rise in overall consumption of breakfast cereals among teenagers as compared to middle aged and aging population. As such, companies are focusing mainly on enhancing products with wide range of flavors. Few companies are also investing on packaging to build brand reputation among young consumers.

Trend#3: Hypermarkets and Supermarkets to Account for 63% of Global Breakfast Cereals Sales in 2018

Offline shelves still dominate the global sales of breakfast cereals. Over 63% of breakfast cereals is estimated to be sold through hypermarkets and supermarkets in 2018. Large number of consumers prefer buying groceries from supermarkets. While supermarkets dominated the global point of breakfast cereals sales, independent grocery stores are preferred choice of consumers in South East Asia.

Trend#4: Organic Cereal Launch Likely to be at Center of Strategic Breakfast Cereal Business Expansion

Companies are focusing on launching organic cereals in order to provide healthy cereals and create brand presence among millennial. Recently in 2018, Cereal Partners Worldwide launched a range of organic breakfast cereals in Europe. Various such products are expected to be launched by 2028. Organic cereals is growing at a CAGR of 7.9% and will capture a chunk of market by 2028.

To procure the full report or gain key industry insights, visit:

Some key global Breakfast Cereals market players are:

  • PepsiCo
  • Nestle
  • Marico Limited
  • Calbee Inc.
  • Bagrrys
  • General Mills
  • Kellogg Company
  • B&G Foods

Bekryl has analyzed the breakfast cereal market value by:

By Cereal Type:

  • Ready to Eat (RTE) Cereals
  • Hot Cereals

By Distribution Channel:

  • Supermarkets
  • Hypermarkets
  • Company Outlets
  • Grocery Stores
  • Convenience Stores
  • Online Sales
  • Others

About Bekryl

Bekryl Market Analysts is a global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today’s disruptive business environment. We bring together data, leader’s opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.

By |2018-11-18T06:24:25+00:00November 18th, 2018|Latest Publications|

Global Robotic Process Automation Market to Surpass USD 11 Billion by 2028

Global Robotic Process Automation Market Value to Surpass USD 11 Billion by 2028

Global Robotic Process Automation Market is set to create 13X higher revenue opportunities for vendors in another 10 years. The rising popularity is attributed to the fact that RPA lowers the operational costs by 70% and enhances ROI on longer term. While the opportunities are fairly high, companies need to understand the actual market potential and key industry dynamics in order to ensure long term profitability. Bekryl has analyzed the total market potential and competitive analysis across 27+ major countries to help companies understand the actual industry trends. To procure full report, visit:

Global Robotic Process Automation (RPA) market is expected to surpass USD 11 billion by 2028– with a forecast growth of 30% between 2018 and 2028.

robotic process automation market to witness 13X increase in revenue by 2028 (snapshot from the industry report)

In the last two years, there has been impressive surge in RPA deployment across worldwide. The trend is quite strong in Europe and North America. Increasing digitization and higher integration of internet of things (IoT) has created favorable ecosystem for industry vendors. The tool not only helps in lowering the operational cost but also enhances return on investment (ROI) through automation. As per the estimates, companies are able to save over 70% operational cost through RPA. Much of the usage of RPA is expected to be seen in business process management and will account for 35% of total share by 2025.

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Few key trends from Robotic Process Automation Market Report:

Trend#1: North America to Dominate the Global Robotic Process Automation Market Share

North America will account for over 58% of global sales in 2018. Higher spending on R&D along with high level of automation has created favorable business environment in the region. It is expected to continue its dominance before losing market share to developing regions by the end of forecast period. While the industry is set to register impressive growth, resistance from internal IT companies along with unclear model on Total Cost of Ownership (TCO) are key challenges faced in the region.

Western Europe will be another key destination for vendors. The Region is characterized by the presence of well established companies. Jacada Inc., Be Informed B.V., UiPath, Blue Prism Group Plc, Automation Anywhere Inc., and OpenSpan are key players with Automation Anywhere being the market leader. Germany accounted for 28% of regional share and will witness 2X increase in revenue by 2023. Over 85% of companies are expected to use RPA for operational efficiency in Germany by 2023.

Trend#2: Multinational Companies (Revenue >US$ 350 Million) to Dominate the Global Robotic Process Automation Market

Much of the robotic process automation will take place in large scale enterprises. High capital influx along with in-built IT infrastructure are key factors driving the installations of such software in organization. These leading organizations spends nearly 250X higher amount on automation than that by mid-scale companies.

Trend#3: BSFI and IT to collectively account for 52% of Global Installation in 2018

High security features, lower turnaround time along with faster technology adoption has led to wide scale RPA demand from BFSI and IT sector. RPA eases the IT infrastructure setup in BFSI sector and prevents fraudulent activities – thereby ensuring high level of security, better customer engagement and good profit margins. The system bridges the gap between BPM and ERM systems. Each year, the banking sector spends nearly 18% on IT infrastructure and security maintenance. Installation of RPA will help minimize such spending to large extent.

To know more about Global Robotic Process Automation market trends and data, visit:

Be Informed B.V., Blue Prism xGroup Plc, Automation Anywhere Inc., Jacada Inc., and OpenSpan are key vendors covered the robotic process automation market report.

Research Scope and Brief Research Methodology:

Robotic Process Automation Market, By Application:

  • BFSI
  • Healthcare
  • Retail
  • Telecom
  • IT services
  • Insurance
  • e-commerce
  • Manufacturing
  • Chemicals
  • Others

Robotic Process Automation Market, By Organization Size:

  • Large Scale Enterprises
  • Mid-Scale Enterprises
  • Small Scale Enterprises

Robotic Process Automation Market, By Automation:

  • Assisted Automation
  • Unassisted Automation

By Deployment:

  • Cloud/SaaS
  • Server (VMs)

Robotic Process Automation Market, By Tools

  • Model Based
  • Process Based

Robotic Process Automation Market, By Service

  • Training and Consulting
  • Professional



By |2018-07-03T04:17:58+00:00July 3rd, 2018|Latest Publications|

Global Geospatial Imagery Analytics Market to Surpass USD 20 Billion by 2025

Global Geospatial Imagery Analytics Market to Surpass US$ 20 Bn by 2025

Global geospatial imagery analytics market is bound to register impressive 27% growth for next ten years owing to increasing integration of IoT and artificial intelligence. The recently released report by Bekryl covers in-depth information on how the industry will shape in another ten years with total incremental opportunities for key players. The 250+ page report gives detailed level insights across 27+ countries. To read more/download sample/purchase report, visit:

The industry is expected to exceed USD 20 billion by 2025 – registering a CAGR of 27% during the forecast period.

The industry is highly dynamic with rapid technological advancements. As a result, the industry landscape is getting highly competitive with large number of companies entering in the white space. Product development is the key strategy witnessed in the industry. Companies, in order to ensure sustainable growth, are focusing highly on artificial intelligence and machine learning.

Download Global Geospatial Imagery Analytics Market Sample Report: 

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Bekryl’s market research report, Global Geospatial Imagery Analytics Market Size Analysis and Industry Opportunity, finds Western Europe to account for 37% of global sales in 2018. The region is bestowed with well-developed infrastructure with high level of industrial automation. Moreover, the security spending has increased by 5.7% in most parts of Western Europe. As such, geospatial data is actively analyzed by law enforcement agencies and military tactical operations. These analytics helps from mapping to alert and predictions.

Asia Pacific is the fastest growing region and will take over Europe geospatial imagery analytics market size by 2020. Higher adoption of connected devices along with large number of internet based users are key factors driving the regional geospatial imagery analytics. The growth in the region will be primarily driven by China. Surveying and mapping accounts for largest usage in the country. Over 18 thousand enterprises are certified to offer mapping and surveying services in China. Various government initiatives are also creating favorable business environment.

Some key trends from the global Geospatial Imagery Analytics market:

Trend#1: Government and Military Sector will dominate the Geospatial Imagery Analytics Market

Government sector (law enforcement) accounted for majority of the global share. Increasing industrialization and demand from private sector will lead to decline in market share by nearly 600 basis points during the forecast period.

Trend#2: Imagery Analytics to Account for 73% of Global Share in 2018

While imagery analytics will account for close to quarter of the industry share, rapid technological innovation in IoT will help create demand for video-based imagery systems.

Trend#3: Surveillance and Monitoring to be the Key Application

The industry is still at its initial growth curve. As such, much of the application is concentrated to surveillance and monitoring purpose. Surveillance and monitoring will account for 33% of global geospatial imagery analytics application.

Trend#3: Mergers and Acquisitions to be Key Inorganic Growth Strategy

Industry consolidation is one of the key trend witnessed in the industry. In February 2018, Esri acquired ClearTerra. The acquisition is intended to offer ArcGIS platform users the ability to discover and extract geographic coordinates from unstructured textual data. Similar such development was witnessed in 2017. MacDonald, Dettwiler and Associates Ltd. (MDA) acquired DigitalGlobe Inc. to diversify its space based solutions.

Some key global Geospatial Imagery Analytics Market Players are Google Inc. Fugro Inc., SpaceKnow Inc., Maxar Technologies Ltd., Harris Corporation, Hexagon AB Trimle Inc., Planet Labs, Inc., UrtheCast Corp., KeyW Corporation, RMSI, Satellite Imaging Corporation, and Skylab Analytics.

Geospatial Imagery Analytics Market, By Industry Verticals

  • Government and Military Sector
  • Mining
  • Petrochemicals
  • Healthcare
  • Construction and Civil Engineering
  • Power and Energy
  • Agriculture
  • Forestry
  • Media and Entertainment

Geospatial Imagery Analytics Market, By Type:

  • Image Analytics
  • Video Analytics

Geospatial Imagery Analytics, By Application:

  • Surveillance and Monitoring
  • Resource Management
  • Disaster Management
  • Conservation
  • Forensics
  • Archaeology
  • Exploration and Exhibitions

Geospatial Imagery Analytics Market, By Carrier Mode:

  • Commercial Drones
  • GIS
  • Satellites
By |2019-06-19T13:17:44+00:00June 30th, 2018|Latest Publications|

Global Flexible Display Market to Register 69% Growth in 2019

Global Flexible Display Market to Register 69% Growth in 2019

Global Flexible display market is set to register impressive growth in next ten years fueled by various technological factors. Demand is escalating from various smartphones and consumer electronics manufacturers. By 2028, a  major portion will be captured by flexible display. While there is huge opportunities, companies need to adopt calculated growth strategies to ensure long term profitability and business sustainability. Bekryl has launched 270+ page exhaustive research report that gives clear picture on how industry is going to be shaped in another ten years – highlighting the key market opportunities for new entrants as well as industry leaders. To know more about industry trends/ download research sample, visit:

Global Flexible Display Market Value is expected to surpass USD 3.2 billion in 2018 and will register a CAGR of 63% between 2017 and 2028. Over 125 million units of flexible display were shipped in 2017. The number is expected to more than double by 2020. This is a white space opportunity for engaged players and will help in generating high ROI during the forecast period.

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The industry is highly consolidated with engaged companies primarily focusing on product development to differentiate their market positioning. Nearly 700 patents were filed between 2015 and 2017 with Samsung and LG accounting for highest number of patents. Global flexible display market will become hypercompetitive with advancement in technology and emergence of new entrants in the market.

Bekryl’s market research report, Global Flexible Display Market Size Analysis and Industry Opportunity, finds North America to account for 43% of global share in 2018. The region has been at the forefront of adopting newer technology. While North America accounted for majority of the share, Asia Pacific will takeover the North America in terms of net revenue by 2020. This is primarily attributed to China’s strong macroeconomic outlook. Also, South East Asian Countries are registering impressive growth in industrial production. Collectively, the region represents 2.3 billion smartphone users with high sales of electronic products.

Some key trends from the Global Flexible Display Market:

Trend#1: Increased Consolidation in Flexible Display Market

According to Bekryl Market Analysts, the industry is highly consolidated with leading 5 players accounting for 88% of global share. Samsung and LG flexible display accounts for the highest share.

Trend#2: Plant Capacity Expansion

Global Flexible Display Market has grown manifolds since 2012. Companies are investing heavily on increasing their production capacity to meet the global demand. While Korea enjoys being the market leader in term of production capacity, China is increasingly investing in the technology to create favorable ecosystem for engaged companies.

In 2017, China based firm –BOE – announced the mass production of flexible displays in China. Similar such development was seen with Samsung announced to build world’s highest flexible display OLED plant capacity.

Trend#3: OLED to dominate the Flexible Display Industry by Technology

OLED to account for 77% of global share in 2018. OLED are self-emitting color gamut without staked structure. Much of the traction will be from smartphones and TV display demand.

Some key global Flexible Display market players are Samsung Electronics Co., Ltd, LG Display Co., Ltd, Innolux Corporation, AU Optronics Corp., Japan Display Inc., Hannstar Display Corporation, Koninklijke Philips N.V., Chunghwa Picture Tubes Ltd, Osram Licht AG, BOE Technology Group Co., Ltd, Panasonic Corporation, Sharp Corporation, Acuity Brands Lighting, Inc., Pioneer Corporation, Ritek Corporation.

By |2018-06-29T12:01:11+00:00June 29th, 2018|Latest Publications|