The report titled “Smart Shelves Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers a detailed overview of the global Smart Shelves Market in terms of market segmentation by type of retail outlet and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global smart shelves market is segmented into type of retail outlet such as departmental stores, supermarket, discount stores, specialty stores and others (dollar stores, malls, pharmacy store). Among these segments, supermarket segment is expected to occupy the top position in the market. Supermarkets are adopting smart shelves as it aids them in optimization and increases their sale. Further, factors such as evolving shopper expectations and increasing IT spending by retailers is anticipated to foster the growth of smart shelves market during the forecast period.
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Global smart shelves market is expected to flourish at a significant CAGR over the forecast period. Moreover, the global smart shelves market is projected to generate substantial revenue by the end of 2024. Factors such as rising adoption of smart shopping by consumers, better operation management are expected to expand the market of smart shelves.
North America accounted for the largest market share of overall smart shelves market in 2016. Further, North America is expected to continue its dominance over the forecast period i.e. 2017-2024. High inclination of consumers towards offline store shopping is expected to provide significant boost to the smart shelves market in the region. Asia Pacific is projected to witness noteworthy growth over the forecast period. This can be attributed to the rising disposable income coupled with increasing population in the region.
Enhanced Shopping Experience
Factors such as increasing demand from consumer for personalized and efficient shopping experience is expected to trigger the growth of the smart shelves market. Further, smart shelves also assist the retailers to understand the consumer spending patterns. These factors and benefits of smart shelves over other traditional shelves are anticipated to intensify the growth of the Smart Shelves Market.
Increasing Adoption by Retailers
Rising adoption of smart shelves by the retailers is expected to be one of the key growth drivers for smart shelves market during the forecast period. Advantages of smart shelves such a high revenue generation, low stock alert, data on consumer preferences and others are expected to accelerate the growth of the smart camera market.
Although, high cost of smart shelves and increasing penetration of online stores are some of the factors that are likely to inhibit the growth of the smart shelves market in the near future.
This report also provides the existing competitive scenario of some of the key players of the global smart shelves market which includes company profiling of Mondelez International Inc., The Kroger Company, Powershelf, Procter & Gamble (Gillette), WestRock, T-Ink, Seeionic Inc., The Nielsen Company, Panasonic Corporation and NeWave Sensor Solutions. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart shelves market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
According to a new market research report "Smart Shelves Market by Component (RFID Tags and Readers, ESL, IoT Sensors, Cameras, and Software and Solutions), Application (Inventory Management, Pricing Management, Content Management, and Planogram Management), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size expected to grow from USD 1.8 billion in 2020 to USD 7.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 25.1% during the forecast period.Browse in-depth TOC on "Smart Shelves Market”272- Tables45- Figures228- PagesDownload Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101938228Happiest minds (India), Intel (US), PCCW Solutions (Hong Kong), Avery Dennison (US), Honeywell (US), Huawei Technologies Co. Ltd (China), NXP Semiconductor (The Netherland), E-Ink Holdings (Taiwan), Samsung Electronics (South Korea), DIEBOLD NIXDORF, Incorporated (US), Software AG (Germany), SoluM (South Korea), MINEW (China), TraxRetail (Singapore), NEXCOM (Taiwan), Pricer (Sweden), Dreamztech Solutions Inc (US), Sennco Solutions, Inc (US), Tronitag (Germany), MAGO S.A. (Poland), SES-IMAGOTAG (France), AWM Smart Shelf (US), Wiseshelf (Israel), Trigo (Israel), Caper (US), Zippin (US), and Focal Systems (UK) are some of the key players considered in the Smart Shelves Market.
Companies offering smart shelves currently focus on organic strategies, such as new product launches and product enhancements, to be competitive in the market.The retail sector is undergoing massive changes, owing to the growing challenges faced by retailers.
Retailers struggle to cope with challenges, such as the ever-changing customer expectations, declining customer loyalty, internal communication gap, employee retention, and management of operational efficiency.
The increasing deployment of interactive vending machines, smart kiosks, and contactless payment technologies in retail stores proves that retailers target new revenue opportunities to enhance their hold over customers.MarketsandMarkets has segmented the global Smart Shelves Market into components (hardware, software and solutions, and professional services), organization size, applications, and regions.
By organization size, the report covers large enterprises and SMEs.
The report also focuses on applications of the Smart Shelves Market, which includes planogram management, inventory management, pricing management, content management, and other applications.
