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We provide a holistic bespoke customer experience to clients in diversified industries and sectors. Our mission is to provide reliable, accurate and actionable research to our clients which helps their decision making process. TechSci Research work with clients who outsource the entire market study which could range from market size estimation, opportunity assessment, competition intelligence, benchmarking studies, market growth and forecasts, policy & regulatory landscape, concept testing studies, price elasticity testing, consumer satisfaction studies, etc.

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[techsciresearch]

Global Home Fragrances Market to Surpass $ 9 Billion by 2024

Rising awareness and aspirations towards hygienic lifestyle coupled with increasing disposable income to drive global home fragrances market through 2024

According to TechSci Research report, “Global Home Fragrances Market By Product Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, home fragrances market, globally, is projected to reach $ 9.4 billion by 2024, as they create a favorable environment at home. Moreover, launch of new aesthetically pleasing products, personalization of the products and usage of natural ingredients in the products are expected to boost demand for home fragrances during forecast period. S. C. Johnson & Son, Inc., Reckitt Benckiser Group plc (RB) and The Procter & Gamble Company are among the major players operating in global home fragrances market.

Browse xx market data Figures and Table spread through 110 Pages and an in-depth TOC on "Global Home Fragrances Market"

https://www.techsciresearch.com/report/global-home-fragrances-market/3743.html

In terms of distribution channel, global home fragrances market has been categorized into store-based retail and non-store-based retail. Of these, store-based retail segment accounted for majority market share in 2018 and is likely to maintain its leading market dominance in coming years. The non-store-based retail segment is anticipated to register growth during 2019-2024, owing to growing popularity of the e-commerce market. Moreover, e-commerce and technology are transforming this category with new user experiences, where luxury brands and small start-ups alike are racing to embrace e-commerce, making this channel even stronger.

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Asia-Pacific region is expected to grow at the fastest rate in global home fragrances market during the forecast period, owing to increasing awareness about leading a hygienic lifestyle. India, China and Japan are the major markets for home fragrances in the Asia-Pacific region. Rising middle-class population and growing disposable income in these countries are few of the major factors contributing to the region’s home fragrances market growth. Moreover, growing e-commerce market, owing to more than ever increasing internet penetration in the region is likely to aid the market growth.

“Growing inclination towards a hygienic lifestyle and favorable home environment is driving the global home fragrances market. Increasing disposable income in Asia-Pacific is leading to lifestyle changes. All the aforementioned factors are expected to offer growth opportunities to players operating in global home fragrances market over the course of next five years.”, said, Mr. Karan Chechi Research Director with TechSci Research, a research-based global management consulting firm.

“Global Home Fragrances Market By Product Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global home fragrances market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global home fragrances market.

Global Home Fragrances Market Covered Following country Market :

Europe Home Fragrances Market

United Kingdom Home Fragrances Market

France Home Fragrances Market

Germany Home Fragrances Market

Italy Home Fragrances Market

Russia Home Fragrances Market

Netherlands Home Fragrances Market

North America Home Fragrances Market

United States Home Fragrances Market

Canada Home Fragrances Market

Mexico Home Fragrances Market

Japan Home Fragrances Market

China Home Fragrances Market

Australia Home Fragrances Market

South Korea Home Fragrances Market

India Home Fragrances Market

Saudi Arabia Home Fragrances Market

South Africa Home Fragrances Market

UAE Home Fragrances Market

South America Home Fragrances Market

Brazil Home Fragrances Market

Argentina Home Fragrances Market

Colombia Home Fragrances Market

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India Perfumes & Deodorants Market By Type (Deodorant & Perfume), By Price Segment (Mass & Premium), By Sales Channel (Traditional & Departmental Store, Supermarket/Hypermarket, Specialty Store, etc.), Competition, Forecast & Opportunities, 2013-2024

https://www.techsciresearch.com/report/india-perfumes-and-deodorants-market/3757.html

Global Air Purifier Market By Filter Type (HEPA & Activated Carbon, Ion & Ozone, Electrostatic Precipitators, HEPA & Others), By End User (Commercial, Residential & Industrial), By Region, Competition Forecast & Opportunities, 2013 – 2023

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India Dishwashers Market By Type (Free-Standing Dishwasher and Built-In Dishwasher), By Distribution Channel (Multi Branded Store, Exclusive Store, Hypermarket/Supermarket, and Online), Competition Forecast & Opportunities, 2013 – 2023

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

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Honda Siel Power Products and Kirloskar Oil Engines to Dominate India Portable Generator Market: TechSci Research

According to TechSci Research report, “India Portable Generator Market By Rating, By Fuel Type, By End User, Competition Forecast & Opportunities, 2013 - 2023’’, portable generator market in India is projected to reach $ 127 million by 2023. Key factors expected to drive the market include rising power demand, technological advancements for enhancing the standalone efficiency of engines as well as alternators, coupled with implementation of stringent pollution norms and affordable housing projects in the country. Moreover, launch of new green products with optimum utilization of fuel and low noise is further likely to steer growth in India portable generator market. Honda Siel Power Products Limited and Kirloskar Oil Engines Ltd. figured among the largest players operating in India portable generator market in 2017, owing to their wide product range, strong distribution channel and better product quality. Some of the other major market players include Mahindra Powerol Limited, Kohler Power India Private Limited and Atlas Copco (India) Limited.

Browse 60 market data Figures and Tables spread through 101 Pages and an in-depth TOC on"India Portable Generator Market"https://www.techsciresearch.com/report/india-portable-generator-market/1798.html

In terms of rating, India portable generator market is dominated by 4.1 kVA – 6 kVA range, as these types of generators are majorly used in the commercial sector. Moreover, commercial sector accounted for the largest market share in 2017 and is likely to maintain its market dominance during the forecast period. A large demand for portable generators emanates from the country’s northern and eastern regions, on account of higher electricity demand and poor grid infrastructure, especially in the eastern region and in the state of Uttar Pradesh and Haryana in the northern region. Diesel-based portable generators dominate the market, in terms of fuel type, as they are comparatively cheaper than other fuel-based portable generators.

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“As per the Central Electricity Authority, southern and northern Indian regions are expected to witness peak power deficits of -4.5% and -1.2% in 2019, respectively. This is due to higher electricity demand coupled with transmission & distribution losses in the regions. Technological advancements and government initiatives for setting up manufacturing facilities and allowance of 100% FDI in the country are some of the other factors expected to positively influence portable generator market in India over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Portable Generator Market By Rating, By Fuel Type, By End User, Competition Forecast & Opportunities, 2013 - 2023” has evaluated the future growth potential of India portable generator market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India portable generator market.

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Africa Diesel Gensets Market By Type (Low Power (<75 KVA), Medium Power (75.1-350 KVA), High Power (350.1-750 KVA), Very High Power (>750 KVA)), By End User, By Country, Competition Forecast and Opportunities, 2012 – 2026

https://www.techsciresearch.com/report/africa-diesel-gensets-market-by-type-low-power-75-kva-medium-power-75-1-350-kva-high-power-350-1-750-kva-very-high-power-750-kva-by-end-user-by-country-competition-forecast-and-opportunities/1193.html

Middle East Diesel Genset Market By Type (Low Power (up to 75 KVA), Medium Power (75.1 KVA to 350 KVA), High Power (350.1 KVA to 750 KVA), etc.), By End User Segment (Commercial, Residential, etc.), Competition Forecast & Opportunities, 2012-2026

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Saudi Arabia Diesel Gensets Market By Rating (Low Voltage, Medium Voltage, High Voltage and Very High Voltage), By End Use (Residential, Commercial and Industrial), By Sales Channel (Direct and GOEM), Competition Forecast & Opportunities, 2013 - 2023

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

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@TechSciResearch: Europe semi and fully #autonomousvehicle market is projected to grow at a CAGR of over 21% by 2030 due to growing government support for developing #driverless #vehicles for #safedriving. https://t.co/8v49D5aK30 @Hyundai_UK @VolvoCarUK @UKVolkswagen @FordEu https://t.co/eL4j1SzKTx

[techsciresearch]

Australia Chocolate Market to Surpass $ 4.3 Billion by 2023: TechSci Research

Growing preference for organic chocolates with rising health conscious population coupled with increasing premiumization of chocolates and expansion of e-commerce in FMCG to drive Australia chocolate market through 2023

According to TechSci Research report, “Australia Chocolate Market By Product Type, By Category, By Distribution Channel, Competition, Forecast & Opportunities, 2013 – 2023”, Australia chocolate market is forecast to reach $  4.3 billion by 2023. Rising premiumization of chocolates coupled with growing inclination of leading players towards offering healthy chocolate products targeted towards increasingly health conscious millennial and Gen-Z population, are the major factors expected to boost sales of chocolates in the country over the course of next five years. Moreover, demand for boxed assortments and artisanal chocolates is growing across Australia, as people find gifting boxed chocolates like Ferrero Rocher highly convenient.

Browse 40 market data Figures and Tables spread through 86 Pages and an in-depth TOC on   "Australia Chocolate Market" https://www.techsciresearch.com/report/australia-chocolate-market/1711.html  

As demand for premium chocolates is growing across the country, number of exclusive chocolate stores is also increasing. Moreover, more and more people are getting attracted towards high-end offerings such as premium chocolates. New South Wales and Victoria are the largest demand generating regions for chocolates in Australia, owing to huge population base in these regions. Moreover, cities like Sydney, New Castle and Wollongong are located in these regions, which account for a major share of urban population of Australia, thereby further driving the country’s chocolate market.

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“Over the coming years, chocolate market in Australia is anticipated to grow at a healthy rate, backed by rising health conscious population, growing demand for organic chocolates, rapid expansion of e-commerce industry and launch of innovative products by manufacturers. Additionally, changing taste preferences of people are resulting in the popularity of chocolates, as they are being made available in different flavors, thus providing lucrative opportunities to companies operating in Australia chocolate market during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Australia Chocolate Market By Product Type, By Category, By Distribution Channel, Competition, Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of chocolate market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Australia chocolate market.

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GCC Chocolate Market By Product Type (Milk Chocolate, Dark Chocolate and White Chocolate), By Category (Countline, Tablets, Boxed Chocolate and Others), By Distribution Channel, By Country, Competition Forecast & Opportunities, 2013 – 2023

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India Food For Diabetics Market By Product Type (Baked Products, Beverages, Confectionery, Ice Cream, Dairy Products & Breakfast Cereals), By Distribution Channel (Grocery Stores, Online & Others), Competition Forecast & Opportunities, 2013 – 2023

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

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[techsciresearch]

Rising Urbanization to Aid Growth of India Dishwashers Market: TechSci Research

Increasing working women population, rising number of nuclear families, along with changing lifestyle pattern to propel demand for dishwashers across India over the next five years

In a Voice of Customer study conducted by TechSci Research in December 2018, Availability of Space and Requirement Specification came out as most important prerequisites in India dishwashers market. This indicates that India dishwashers market is not a highly price conscious market.

According to recently released TechSci Research report, “India Dishwashers Market By Type, By Distribution Channel, Competition Forecast & Opportunities, 2013 – 2023”, India dishwashers market is projected to reach $ 45 million by 2023. Growth in the market is majorly led by paucity of time and hectic lifestyle among urban households. Moreover, improving living standards of people along withgrowth in the number of middle income population in small & large towns and cities across the country is further pushing demand for dishwashers.  Additionally, increasing urbanization and rising number of nuclear families is further expected to push demand for dishwashers across India over the coming years. IFB Industries Ltd., BSH Household Appliances Manufacturing Pvt. Ltd., LG Electronics India Pvt. Ltd., Samsung India Electronics Pvt. Ltd., AB Electrolux, etc., are some of the leading players operating in India dishwashers market.

Browse 26 market data Figures and Tables spread through 83 Pages and an in-depth TOC on  "India Dishwashers Market"

https://www.techsciresearch.com/report/india-dishwasher-market/1283.html

Easy financing & emergence of new payment modes such as online wallets and EMIs, rising sales of dishwashers through online channels and expanding organized retail penetration are set to fuel growth in India dishwashers market during forecast period. Among regions, West is the leading region, followed by North, South and East regions. West region is expected to experience high demand for dishwashers through forecast period as well on account of increasing disposable income and working women population in the region. On the basis of type, India dishwashers market is segmented into free-standing dishwashers and built-in dishwashers, of which, the former dominates the market due to their portability and easy availability at shops.

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“Rising number of contracts between builders and dishwasher suppliers for installing dishwashers in new buildings and apartments along with increasing working women population who do not get enough time for washing utensils is pushing demand for dishwashers across India. Moreover, growing demand for dishwashers from Tier II and Tier II cities and rising inclination towards modular kitchens is further anticipated to fuel growth in the country’s dishwasher market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Dishwashers Market By Type, By Distribution Channel, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of dishwashers market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India dishwashers market.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets leading technologies and niche applications. Our workforce of more than 100 fulltime analysts and consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Connect with us on Twitter - https://twitter.com/TechSciResearch

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[techsciresearch]

India Retail Cosmetics Market, Growth, Size, Share, Trend and Forecast b...

India retail cosmetics market was valued over $ 10441 million in 2018 and is projected to grow at a CAGR of over 16%, to reach around $ 25987 million by 2024. Click: https://bit.ly/2UScxtE

[techsciresearch]

Air Conditioners Market to Cross $ 231 Billion by 2023: TechSci Research

Increasing temperature and humidity levels along with technological advancements such as air purification technology in air conditioners to drive global air conditioners market through 2023

According to TechSci Research report, “Global Air Conditioners Market By Product Type, By Region, Competition Forecast & Opportunities, 2013-2023”, the global air conditioners market is projected to reach $ 231 billion by 2023, on account of improving lifestyle of middle class population, increasing disposable income of consumers and changing climatic conditions resulting in high temperature and humidity levels, globally. Moreover, global construction output is growing at a rapid pace and the same trend is likely to continue during forecast period as well, thereby boosting demand in the global air conditioners market. Additionally, growing travel & tourism and hospitality sectors across the globe is further pushing deployment of new air conditioners in hotels, airports and other commercial areas. Furthermore, rising technological advancements in air conditioners such as emergence of inverter technology and air purification technology, would further steer growth in global air conditioners market during forecast period.

Browse 235 market data Figures and Tables spread through 158 Pages and an in-depth TOC on "Global Air Conditioners Market" https://www.techsciresearch.com/report/global-air-conditioners-market/3709.html

Light commercial air conditioners, which include splits air conditioners, cassettes, window air conditioners and concealed ductable splits, dominate the global air conditioners market due to their growing demand from residential and commercial sectors. Furthermore, a major demand for air conditioners is emanating from Asia-Pacific due to high demand from countries like China, Japan and India. However, Middle East & Africa is anticipated to emerge as the fastest growing market for air conditioners in the coming years across the globe. Some of the leading players operating in global air conditioners market include Daikin Industries, Ltd., Gree` Electrical Appliances, Inc. of Zhuhai, and United Technologies Corporation, among others.

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“Rapid economic development across emerging economies, especially BRICS and Middle East countries, is anticipated to boost growth in global air conditioners market. Moreover, growing demand for energy efficient air conditioners across the globe is leading to replacement of old conventional air conditioners with newer ones. Additionally, leading air conditioner manufacturers such as LG, Samsung, Carrier, Daikin, etc., are offering air conditioners with built-in air purifiers, which are gaining popularity among consumers due to their dual features. Also, average cost of purchasing an air purifier based air conditioners is comparatively lower than the average individual prices of air conditioners and air purifiers. All these aforementioned factors are anticipated to fuel growth in global air conditioners market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 

“Global Air Conditioners Market By Product Type, By Region, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of global air conditioners market and provides statistics and information on market structure, size, share and future growth of global air conditioners market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges, and opportunities in global air conditioners market.

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Indonesia Air Conditioners Market By Product Type (Light Commercial, Chillers, VRF, etc), By End Use Sector (Residential & Commercial/Industrial), By Distribution Channel, By Season, By Price Segment, Competition Forecast & Opportunities, 2013-2023 https://www.techsciresearch.com/report/indonesia-air-conditioners-market/3112.html

Global Air Purifier Market By Filter Type (HEPA & Activated Carbon, Ion & Ozone, Electrostatic Precipitators, HEPA & Others), By End User (Commercial, Residential & Industrial), By Region, Competition Forecast & Opportunities, 2013 – 2023 https://www.techsciresearch.com/report/global-air-purifier-market/3073.html

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Connect with us on Twitter - https://twitter.com/TechSciResearch

Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research

[techsciresearch]

India Chocolate Market to Witness 16% CAGR until 2023: TechSci Research

According to TechSci Research report, “India Chocolate Market By Type, By Category, By Distribution Channel, Competition Forecast & Opportunities, 2013 – 2023”, India chocolate market is projected to grow at a CAGR of more than 16% during 2018 - 2023. Anticipated growth in the market can be attributed to rising youth population, changing taste preferences of Indian consumers who have started substituting traditional Indian sweets with chocolates and growing demand for premium chocolate products. Rapid urbanization and rising household disposable income of middle-class population are some of the other major factors expected to propel growth of chocolate market in India during the forecast period.

Browse 44 market data Figures and Tables spread through 88 Pages and an in-depth TOC on    "India Chocolate Market"

https://www.techsciresearch.com/report/india-chocolate-market/3705.html

Advent of e-commerce industry has created new routes for manufacturers as well as importers to reach their customers. Online sales channel is enabling companies to widen their distribution reach and serve their customers even in the farthest of regions across the country. Growing number of tech-savvy people coupled with busy lifestyles, especially of urban population, is driving the purchase of chocolates online. Nevertheless, independent grocery stores are expected to continue their market dominance in the coming years. Mondelez India Foods Private Limited, Nestlé India Limited, Ferrero India Private Limited, Mars International India Private Limited and Gujarat Cooperative Milk Marketing Federation Ltd. are some of the major companies operating in India chocolate market.  

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 “Rising trend of using chocolates as a substitute to traditional sweets due to growing incidences of adulteration in sweets coupled with rising availability of a wide range of chocolate variants such as diet chocolate, sugar-free chocolate, cholesterol-free chocolate, herbal chocolate and chocolate with low-fat content, is driving India chocolate market. A considerable demand for chocolate gift boxes and premium dark chocolates is being witnessed in India, particularly from high income groups. Growing presence of these type of chocolates across supermarkets, hypermarkets and online portals would continue to boost market growth in the ensuing years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Chocolate Market By Type, By Category, By Distribution Channel, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of chocolate market in India and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India chocolate market.

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UAE Chocolates Market By Type (Countline, Molded and Boxed), By Age Group, By Point of Sale (Hypermarkets/ Supermarkets, Convenience Stores, Chocolate Boutiques, Online Retail & Others), Competition Forecast and Opportunities, 2011 – 2021

https://www.techsciresearch.com/report/uae-chocolates-market-by-type-countline-molded-and-boxed-by-age-group-by-point-of-sale-hypermarkets-supermarkets-convenience-stores-chocolate-boutiques-online-retail-others-competition-forecast-and-opportunities-2011-2021/623.html

 About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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[techsciresearch]

GCC Chocolate Market Set to Grow at over 12% until 2023: TechSci Research

As per a recent ‘Voice of Customer’ survey published by TechSci Research, price and brand name of chocolates have been identified as the top influencing factors while purchasing chocolates. Growing demand for premium chocolate products, increasing consumption of chocolate confectionery among young population and companies expanding the brand portfolio of chocolate confectionery is expected to drive the GCC chocolate market. Consumers in the age bracket of 5 – 24 years accounted for a revenue share of more than 73% in the overall chocolate market in the region in 2017.

Growing demand for premium chocolates coupled with increasing consumption of chocolate among young population to drive GCC chocolate market through 2023

According to TechSci Research report, “GCC Chocolate Market By Product Type, By Category, By Distribution Channel, By Country, Competition Forecast & Opportunities, 2013 – 2023”, GCC chocolate market is projected to register a CAGR of more than 12% during 2018 - 2023 on account of changing taste & preferences of young population coupled with growing inclination towards chocolates, especially premium category chocolates, as preferred gift items. Moreover, manufacturers are increasingly focusing on processing heat and moisture resistant chocolates, which would help to increase the product shelf life in the extreme climactic conditions of the Middle East. Additionally, a considerable demand for chocolate gift boxes, premium dark chocolates, etc., has been witnessed in GCC region on various festive occasions, particularly in countries like Qatar and Bahrain, where expenditure on chocolates has also been observed to be comparatively high. Furthermore, growing presence of chocolates across online portals would aid the growth of GCC chocolate market in the coming years.

Browse 59 market data Table and Figures spread through 98 Pages and an in-depth TOC on "GCC Chocolate Market"

https://www.techsciresearch.com/report/gcc-chocolate-market/3666.html

Among countries, Saudi Arabia dominated the market with a share of more than 45% in 2017. This country is expected to generate significant demand for chocolates and is anticipated to remain dominant in the region during forecast period as well owing to high tourist footfall and the high expat population in the country. GCC chocolate market can be broadly categorized into chocolate pouches & bags, boxed chocolates, countline, tablets and others. Countline segment accounts for the majority share in the market as these products are high in demand and are relatively less expensive than other categories and are more of an impulse purchase. Mars GCC FZE, Mondelez Arabia for Trading LLC, Nestle Middle East FZE, Ferrero Trading Dubai, Chocoladefabriken Lindt & Sprüngli, Patchi SAL, Al Nassma Chocolate LLC, etc., are some of the leading players operating n GCC chocolate market.

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“Rising trend of using chocolate as a substitute to traditional sweets due to growing influence of the western culture, increasing tourist footfall and expatriate population, and expansion of product portfolio of chocolate manufacturers are some of the major growth drivers in GCC chocolate market. Moreover, emergence of several variants of chocolates such as, sugar free chocolate, cholesterol free chocolate, chocolate with low fat content to cater to the health-conscious customers would further steer growth in GCC chocolate market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“GCC Chocolate Market By Product Type, By Category, By Distribution Channel, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of GCC chocolate market and provides statistics and information on market structure, size, share and trends The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the GCC chocolate market.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Connect with us on Twitter - https://twitter.com/TechSciResearch

Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research