Request for Covid-19 Impact Assessment of this Report
Climate change is recognised as a significant public health issue that will impact on food security. One of the major contributors to global warming is the livestock industry, and, relative to plant-based agriculture, meat production has a much higher environmental impact in relation to freshwater use, amount of land required, and waste products generated. Promoting increased consumption of plant-based foods is a recommended strategy to reduce human impact on the environment and is also now recognised as a potential strategy to reduce the high rates of some chronic diseases such as cardiovascular disease and certain cancers.
“Plant Based Dairy & Dairy Alternatives products where the most consumed plant-based food globally, accounting for 61% share in 2018”
Based on product the global plant-based food market is segmented into Plant Based Dairy Alternatives, Plant Based Sports Nutrition and Plant Based Meat Substitutes. Plant-based dairy alternative is not an option for all the consumers. Americans say they are consuming less dairy for health reasons. The intake of plant-based drinks is increasing in the UK. In fact, the sector is predicted to rise by 43% by 2021. When it comes to plant-based sports nutrition, several high-profile athletes, such as former world heavyweight champion boxer David Haye and female tennis champion Venus Williams, have reportedly adopted plant-based diets.
“Beverage production dominated the application of plant-based food market, with a share of 62% in 2018, and is expected to maintain its dominance throughout the forecast period 2019-2025”
Based on application, the global plant-based food market is segmented Beverages, Bakery and snacks, Breakfast cereals, Infant nutrition and other applications. In 2018, beverages dominated the market, however, increasing demand of plant-based meat would lead an increasing market of bakery and snacks segment during the forecast period. Traditional baked goods rely heavily on butter, eggs, and cream. Roughly 387 million people are living with diabetes, and according to the International Diabetes Federation, the number is expected to increase to nearly 600 million by 2035. Studies claim a whole food, plant-based diet can prevent and even reverse a litany of food and lifestyle-borne illnesses, including heart disease and type 2 diabetes.
“Amongst source of food, Soy based food held the major share in 2018 however, by 2025, Pea segment is expected to overtake Soy segment.”
Based on source, the Plant-Based Food market is segmented into Soy protein, Pea Protein, Wheat Protein and other types of protein. In 2018, Soy protein type dominated the source segment, generating revenue of US$ 12,728.9 million. The segment is expected to grow at a CAGR of XX% during the forecast period by 2025. In the APAC region, Australia dominated the Soy Market.
“North America is the largest market for plant-based food, followed by Europe and Asia-Pacific”
The American plant-based food market is currently booming, and investment in this sector is rising steadily. For example, Greenleaf Foods recently announced a US$ 310 million investment in a new production facility, and plant-based producer Tofurky is being backed by further private investment. US company Greenleaf Foods, a subsidiary of Canadian Maple Leaf Foods Inc., announced that it will build the largest plant to produce plant-based proteins in North America. Accordingly, such investment and innovation are followed globally
Competitive Landscape-Top 10 Market Players
Some of the major players operating in the global plant-based food market are Tofurky, Quorn foods Inc., Amy’s kitchen, Archer Daniel’s Midland, Claudron Foods, Morning Star Farms, Sweet Earth Foods, Impossible Foods, Maple Leaf food and Beyond Burgers. These companies have adopted numerous growth strategies including innovation product launches, investment in R&D, partnership, mergers etc. to sustain in the growing plant-based food market.
Reasons to buy (The research report presents):
• Current and future market size from 2018 to 2025 in terms of value (US$)
• Combined analysis of deep dive secondary research and input from primary research through Key Opinion Leaders of the industry
• Detail analysis of the impact of plant-based food on human and environment
• Analysis of regional variations and changing meat-eating trends
• A quick review of overall industry performance at a glance
• An In-depth analysis of key industry players
• A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments and sub-segments of the global plant-based food market
• Region covered: North America, Europe, Asia Pacific and Rest of World
Customization Options:
The Plant-Based Food market can be customized for different region globally and at country level as well. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.
1.1 Market Definition 15
1.2 Objective of the Study 15
1.3 Limitation 15
1.4 Stakeholders 15
1.5 Currency used in the Report 16
1.6 Scope of the Plant-Based Food Market Study 16
2. RESEARCH METHODOLOGY 17
2.1 Research Methodology for Plant-Based Food Market Study 17
2.1.1 Main objective of the Plant-Based Food Market Study 18
3. REGULATORY FRAMEWORK 19
3.1 General Overview 19
3.1.1 North America Regulatory Framework for Plant-Based Food 19
3.1.2 Europe Regulatory Framework for Plant-Based Food 20
3.1.3 APAC Regulatory Framework for Plant-Based Food 20
3.1.4 Rest of the World Regulatory Framework for Plant-Based Food 21
4. INDUSTRY PERFORMANCE 24
5. EXECUTIVE SUMMARY 25
6. MARKET OVERVIEW 26
6.1 Introduction 26
6.2 Market Dynamics 26
6.2.1 Market Drivers 27
6.2.1.1 Increasing Purchasing Power of Consumers 27
6.2.1.2 Significant Media Coverage and Smartphones Penetration 29
6.2.1.3 Rising Consumer Awareness and Health-conscious Consumer 30
6.2.1.4 Environmental Impact of Dairy and Meat Products 31
6.2.1.5 Widening range of ingredients and flavours 31
6.2.1.6 Increased Support for branded Plant based food from Supermarkets 31
6.2.2 Major Trend in the Plant-Based Food Market 32
6.2.2.1 Use of Avocado 32
6.2.2.1 Vegan Cheese 33
6.2.2.2 Faux Meat 33
6.2.2.3 Fermented Foods 33
6.2.3 Case Study 1- Positives of Plant Based Diet 34
6.2.3.1 Some other Trends witnessed in the Food & Beverage Industry 34
6.2.3.1.1 Established industry players revising their strategy 34
6.2.3.1.2 Direct to Consumer Business Model (D2C) 35
6.2.4 Market Restraints 35
6.2.4.1 Impact of changing weather conditions plantation 35
6.2.4.2 Consumers shift from the Traditional Taste of Dairy and Meat Product 36
6.2.4.3 Significant Preference for Animal Based Protein 37
6.2.5 Opportunity 38
6.2.5.1 Increasing Demand for Natural and Organic Products 38
6.2.5.1.1 Organic Agriculture: Key Indicators and Top Countries, 2015 39
6.2.5.2 Increasing Ethical Consumerism 40
6.2.5.3 Increasing Innovation in Food Industry 41
7. PLANT BASED FOOD AND ENVIRONMENT 42
7.1 General Overview 42
7.2 Livestock and Environmental Impact 42
7.3 Benefits of Plant Based Products over Livestock Products 43
7.3.1 Comparison of impact of Plant-based meat and Animal-based meat 45
7.3.1 Case Study 2- Antimicrobial Use in Food Animals Represents A Systemic Risk 45
7.4 Plant-Based Diets and Human Health 46
7.4.1 Pictorial representation of the changing face of the world 47
7.5 Regional Variations- Meat Eating Trends 47
7.5.1 Country wise Key Statistic on Plant-Based Diet, recent available 48
7.6 Plant-Based Meats Trend- Role of Food Manufacturers 49
7.6.1 Impossible Foods 49
7.6.2 Tyson Foods 50
7.6.3 Kraft Foods 50
7.6.4 Nestle 50
8. KEY MARKET INDICATORS 51
8.1 General Overview 51
8.1.1 Demand and Supply Side Analysis 51
8.1.1.1 Top Winning Strategies 56
8.1.1.1.1 Top Product launches 56
8.1.1.1.2 Top Investments 57
8.1.1.1.3 Top Acquisition and Collaborations 58
8.1.2 Value Chain Analysis 60
8.1.2.1 Value Chains for Plant-based food: Examples in Action 62
8.1.3 Case Study 2- Impossible Foods 63
8.1.4 Case Study 3- Papa John's Pizza 63
9. MARKET INSIGHTS, BY PRODUCT 64
9.1 General Overview 64
9.1.1 Plant Based Dairy Alternatives 65
9.1.2 Plant Based Nutrition 68
9.1.3 Plant Based Meat Substitutes 70
10. MARKET INSIGHTS BY APPLICATION 74
10.1 General Overview 74
10.1.1 Plant Based Supplements and Nutritional Powders 75
10.1.2 Plant Based Beverages 77
10.1.3 Plant Based Bakery and Snacks 79
10.1.4 Plant Based Breakfast and Cereals 81
10.1.5 Plant Based Infant Nutrition 83
10.1.5.1 Key Facts on Plant Based Infant Nutrition 84
10.1.6 Other Plant Based Food 85
11. MARKET INSIGHTS BY SOURCE 87
11.1 General Overview 87
11.1.1 Soy Protein 88
11.1.2 Pea Protein 89
11.1.2.1 Key Facts comparing Pea Protein and Soy Protein 89
11.1.3 Wheat Protein 90
11.1.1 Others 91
12. MARKET INSIGHTS BY REGION 93
12.1 General Overview 93
12.2 North America Plant Based Food Market (2018-2025) 94
12.2.1 North America Plant Based Food Market, by Product 2019-2025 (US$ Mn) 95
12.2.2 North America Plant Based Food Market, by Application 95
12.2.3 North America Plant Based Food Market, by Source 96
12.2.4 North America Plant Based Food Market, by Country 96
12.2.4.1 United States Plant Based Food Market 96
12.2.4.1.1 US Plant Based Food Market, by Product 2019-2025 (US$ Mn) 99
12.2.4.1.2 US Plant Based Food Market, by Application 100
12.2.4.1.3 US Plant Based Food Market, by Source 100
12.2.4.2 Canada Plant Based Food Market 100
12.2.4.2.1 Canada Plant Based Food Market, by Product 2019-2025 (US$ Mn) 102
12.2.4.2.2 Canada Plant Based Food Market, by Application 102
12.2.4.2.3 Canada Plant Based Food Market, by Source 102
12.2.4.3 Mexico Plant Based Food Market 103
12.2.4.3.1 Mexico Plant Based Food Market, by Product 2019-2025 (US$ Mn) 104
12.2.4.3.2 Mexico Plant Based Food Market, by Application 104
12.2.4.3.3 Mexico Plant Based Food Market, by Source 104
12.2.4.4 Rest of North America Plant Based Food Market 105
12.2.4.4.1 Rest of NA Plant Based Food Market, by Product 2019-2025 (US$ Mn) 105
12.2.4.4.2 Rest of NA Plant Based Food Market, by Application 106
12.2.4.4.3 Rest of NA Plant Based Food Market, by Source 106
12.3 European Plant Based Food Market (2018-2025) 107
12.3.1 Europe Plant Based Food Market, by Product 2019-2025 (US$ Mn) 108
12.3.2 Europe Plant Based Food Market, by Application 108
12.3.3 Europe Plant Based Food Market, by Source 109
12.3.4 Europe Plant Based Food Market, by Country 109
12.3.4.1 Germany Plant Based Food Market 110
12.3.4.1.1 Germany Plant Based Food Market, by Product 2019-2025 (US$ Mn) 112
12.3.4.1.2 Germany Plant Based Food Market, by Application 112
12.3.4.1.3 Germany Plant Based Food Market, by Source 112
12.3.4.2 UK Plant Based Food Market 113
12.3.4.2.1 Case Study 4- Royal Blackburn Teaching Hospital, United Kingdom 114
12.3.4.2.2 UK Plant Based Food Market, by Product 2019-2025 (US$ Mn) 115
12.3.4.2.3 UK Plant Based Food Market, by Application 115
12.3.4.2.4 UK Plant Based Food Market, by Source 115
12.3.4.3 France Plant Based Food Market 116
12.3.4.3.1 France Plant Based Food Market, by Product 2019-2025 (US$ Mn) 116
12.3.4.3.2 France Plant Based Food Market, by Application 117
12.3.4.3.3 France Plant Based Food Market, by Source 117
12.3.4.4 Rest of Europe Plant Based Food Market 118
12.3.4.4.1 Rest of EU Plant Based Food Market, by Product 2019-2025 (US$ Mn) 118
12.3.4.4.2 Rest of EU Plant Based Food Market, by Application 118
12.3.4.4.3 Rest of EU Plant Based Food Market, by Source 119
12.4 APAC Plant-Based Food Market (2018-2025) 119
12.4.1 Key Facts on Asia-Pacific Plant Based Food Market 120
12.4.2 Asia-Pacific Plant Based Food Market, by Product 2019-2025 (US$ Mn) 121
12.4.3 Asia-Pacific Plant Based Food Market, by Application 122
12.4.4 Asia-Pacific Plant Based Food Market, by Source 122
12.4.5 Asia-Pacific Plant Based Food Market, by Country 123
12.4.5.1 China Plant Based Food Market 123
12.4.5.1.1 China Plant Based Food Market, by Product 2019-2025 (US$ Mn) 124
12.4.5.1.2 China Plant Based Food Market, by Application 125
12.4.5.1.3 China Plant Based Food Market, by Source 125
12.4.5.2 India Plant Based Food Market 126
12.4.5.2.1 India Plant Based Food Market, by Product 2019-2025 (US$ Mn) 126
12.4.5.2.2 India Plant Based Food Market, by Application 127
12.4.5.2.3 India Plant Based Food Market, by Source 127
12.4.5.3 Australia Plant Based Food Market 128
12.4.5.3.1 Australia Plant Based Food Market, by Product 2019-2025 (US$ Mn) 129
12.4.5.3.2 Australia Plant Based Food Market, by Application 129
12.4.5.3.3 Australia Plant Based Food Market, by Source 130
12.4.5.4 Singapore Plant Based Food Market 130
12.4.5.4.1 Singapore Plant Based Food Market, by Product 2019-2025 (US$ Mn) 131
12.4.5.4.2 Singapore Plant Based Food Market, by Application 131
12.4.5.4.3 Singapore Plant Based Food Market, by Source 132
12.4.5.5 Rest of Asia-Pacific Plant Based Food Market 132
12.4.5.5.1 Rest of APAC Plant Based Food Market, by Product 2019-2025(US$ Mn) 133
12.4.5.5.2 Rest of APAC Plant Based Food Market, by Application 133
12.4.5.5.3 Rest of APAC Plant Based Food Market, by Source 134
12.5 Rest of the World Plant-Based Food Market (2018-2025) 134
12.5.1.1.1 ROW Plant Based Food Market, by Product 2019-2025 (US$ Mn) 135
12.5.1.1.2 ROW Plant Based Food Market, by Application 136
12.5.1.1.3 ROW Plant Based Food Market, by Source 136
13. COMPETITIVE SCENARIO 137
13.1 Porter’s Five Forces Analysis 137
13.1.1 Bargaining power of Buyer 137
13.1.2 Bargaining power of Supplier 138
13.1.3 Threat of new entrants 138
13.1.4 Availability of Substitute 138
13.1.5 Industry Rivalry 139
13.2 Plant-Based Food Market Share Analysis, 2018 139
14. TOP COMPANY PROFILES 141
14.1 SWEET EARTH FOODS 141
14.1.1 Key Facts 141
14.1.2 Business Description 141
14.1.3 Key Product/Services Offerings 141
14.1.4 Growth Strategy 142
14.1.5 SWOT Analysis 142
14.1.6 Recent Developments 143
14.1.6.1 Product launches 143
14.1.6.2 Sweet Earth Foods Business Expansions and Investment 143
14.1.6.3 Mergers and Acquisitions 143
14.2 Quorn Foods 144
14.2.1 Key Facts 144
14.2.2 Business Description 144
14.2.3 Key Product/Services Offerings 144
14.2.4 Growth Strategy 145
14.2.5 Key Insights on Reducing Environment Iimpact- 145
14.2.6 Impact of Quorn food 146
14.2.7 SWOT Analysis 146
14.2.8 Recent Developments 147
14.2.8.1 Product Launches 147
14.2.8.2 Partnerships 147
14.2.8.3 Business Expansion and Investments 147
14.3 Amy’s Kitchen, Inc 148
14.3.1 Key Facts 148
14.3.2 Business Description 148
14.3.3 Key Product/Services Offerings 149
14.3.4 Growth Strategy 149
14.3.5 SWOT Analysis 149
14.3.6 Recent Developments 150
14.3.6.1 Product launches 150
14.3.6.2 Partnership 150
14.3.6.3 Business expansion and Investment 150
14.4 Archer Daniel’s Midland 151
14.4.1 Key Facts 151
14.4.2 Business Description 151
14.4.3 Key Product/Services Offerings 152
14.4.4 Growth Strategy 152
14.4.5 SWOT Analysis 153
14.4.6 Key Financials 154
14.4.6.1 Revenue Split, by Region and Segment 155
14.4.7 Recent Developments 155
14.4.7.1 Product launches 155
14.4.7.2 Partnership 156
14.4.7.3 Business Expansion and Investment 156
14.4.7.4 Merger and Acquisition 157
14.5 Cauldron Foods 159
14.5.1 Key Facts 159
14.5.2 Business Description 159
14.5.3 Key Product/Services Offerings 160
14.5.4 Growth Strategy 160
14.5.5 SWOT Analysis 161
14.5.6 Recent Developments 161
14.5.6.1 Business Expansion 161
14.6 Morning Star Farms 162
14.6.1 Key Facts 162
14.6.2 Business Description 162
14.6.3 Key Product/Services Offerings 162
14.6.4 Growth Strategy 163
14.6.5 SWOT Analysis 163
14.6.6 Recent Developments 164
14.6.6.1 Product Launches 164
14.6.6.2 Business Expansion 164
14.7 Beyond Meat Company 165
14.7.1 Key Facts 165
14.7.2 Business Description 165
14.7.3 Key Product/Services Offerings 166
14.7.4 Growth Strategy 166
14.7.5 SWOT Analysis 167
14.7.6 Key Financials (2018-2019) 168
14.7.6.1 Revenue Split, by Region and Segment 169
14.7.7 Recent Developments 169
14.7.7.1 Product Launches 169
14.7.7.2 Partnership 169
14.7.7.3 Business Expansion 170
14.8 Impossible Food, Ltd. 171
14.8.1 Key Facts 171
14.8.1 Business Description 171
14.8.2 Key Product/Services Offerings 171
14.8.3 Growth Strategy 172
14.8.4 SWOT Analysis 173
14.8.5 Recent Developments 173
14.8.5.1 Business Expansion and Investment 173
14.9 Maple Leaf Food 174
14.9.1 Key Facts 174
14.9.2 Business Description 174
14.9.3 Brand Offerings 175
14.9.4 Growth Strategy 175
14.9.5 SWOT Analysis 176
14.9.6 Key Financials (2014-2018) 177
14.9.6.1 Revenue Split 178
14.9.7 Recent Developments 178
14.9.7.1 Product Launches 178
14.9.7.2 Partnership 179
14.9.7.3 Business Expansion and Investment 179
14.9.7.4 Mergers and Acquisition 179
14.10 Tofurky 180
14.10.1 Key Facts 180
14.10.2 Business Description 180
14.10.3 Key Product/Services Offerings 180
14.10.4 Growth Strategy 181
14.10.5 SWOT Analysis 181
14.10.6 Recent Developments 182
14.10.6.1 Product Launches 182
14.10.6.2 Business Expansion and Investment 182
TABLE 2 Global Top 10 Most Health-Conscious Country 2018 31
TABLE 3 Comparison of Plant protein and Animal Protein 38
TABLE 4 Key Indicators and Top Countries under Organic Agriculture, 2015 40
TABLE 5 Nutrient content by comparison 40
TABLE 6 Comparison of Food protein and Water Requirement 45
TABLE 7 Key statistics related to plant-based diets in the world 49
TABLE 8 Top Acquisition and Collaborations 59
TABLE 9 Global Plant Based Food Market Size, by Product, 2018-2025 (US$ million) 65
TABLE 10 Global Plant Based Dairy & Dairy Alternatives Market Size by Region 2019-2025 (US$ Mn) 69
TABLE 11 Global Plant Based Nutrition Market Size by Region 2019-2025 (US$ Mn) 71
TABLE 12 Global Plant Based Meat Substitutes Market Size by Region 2019-2025 (US$ Mn) 74
TABLE 13 Global Plant Based Food Market Size, by Product, 2018-2025 (US$ million) 75
TABLE 14 Plant Based Protein Powder Sources and Nutritional Content 76
TABLE 15 Protein Content in Different Protein Sources 77
TABLE 16 Global Plant-Based Nutritional Powders Market Size by region, 2019-2025 (US$ Mn) 78
TABLE 17 Global Plant-Based Nutritional Powders Market Size by region, 2019-2025 (US$ Mn) 80
TABLE 18 Plant-Based Snacks and their Nutritional Content 81
TABLE 19 Global Plant-Based Bakery and Snacks Market Size by region, 2019-2025 (US$ Mn) 82
TABLE 20 Global Plant-Based Breakfast and Cereals Market Size by region, 2019-2025 (US$ Mn) 84
TABLE 21 Global Plant-Based Infant Nutrition Market Size by region, 2019-2025 (US$ Mn) 86
TABLE 22 Global Other Plant Based Food Market Size by region, 2019-2025 (US$ Mn) 87
TABLE 23 Global Plant Based Food Market Size, by Product, 2018-2025 (US$ million) 88
TABLE 24 Global Plant Based Soy Protein Market Size by region, 2019-2025 (US$ Mn) 89
TABLE 25 Global Plant Based Pea Protein Market Size by region, 2019-2025 (US$ Mn) 91
TABLE 26 Global Plant Based Wheat Protein Market Size by region, 2019-2025 (US$ Mn) 92
TABLE 27 List of Other Plant-based proteins 92
TABLE 28 Global Other Plant Based Protein Market Size by region, 2019-2025 (US$ Mn) 93
TABLE 29 Global Plant Based Food Market Size by region, 2019-2025 (US$ Mn) 94
TABLE 30 North America Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 96
TABLE 31 North America Plant Based Food Market, by Country, 2019-2025 (US$ Mn) 97
TABLE 32 Growth of Plant-Based Alternatives by Category (52 weeks dollar sales ending June 2018) 98
TABLE 33 Innovative Plant-Based Food Options Are Posting Double-Digit Growth in 2018 99
TABLE 34 US Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 101
TABLE 35 Canada Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 103
TABLE 36 Mexico Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 105
TABLE 37 Rest of NA Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 107
TABLE 38 Meat consumption in Europe, kilograms per capita per year 108
TABLE 39 Europe Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 109
TABLE 40 Europe Plant Based Food Market, by Country, 2019-2025 (US$ Mn) 110
TABLE 41 Meat Substitute sales in Germany, US $ Mns 111
TABLE 42 New Products launched in Germany, by Category 2011-2015 112
TABLE 43 Germany Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 113
TABLE 44 UK Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 116
TABLE 45 France Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 118
TABLE 46 Rest of EU Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 119
TABLE 47 Asia-Pacific Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 123
TABLE 48 Asia-Pacific Plant Based Food Market, by Country, 2019-2025 (US$ Mn) 124
TABLE 49 China Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 126
TABLE 50 India Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 128
TABLE 51 Australia Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 130
TABLE 52 Singapore Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 132
TABLE 53 Rest of APAC Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 134
TABLE 54 ROW Plant Based Food Market, by Application, 2019-2025 (US$ Mn) 137
TABLE 55 Sweet Earth Food Key Facts 142
TABLE 56 Product segmentation of Sweet Earth 142
TABLE 57 Sweet Earth Growth Strategy 143
TABLE 58 Sweet Earth Foods Product launches 144
School uniforms are a product targeted at a particular section of the society. A growing market for private education and schooling in India is providing growth prospects to this industry. Furthermore, players are also interested in increasing their presence and reach in the market. Large players are readily tying up with retail giants and schools towards increasing visibility. State governments a...
The Smartphones Market in India will be boosted by the increase in the usage of mobile internet along with the availability of 3G services and launch of affordable smartphones with versatile features and applications. Smartphones have also gained popularity amongst the youth due to the available features that suits the business and entertainment needs. The report begins with an overview of the sm...
E-governance is at its nascent stage in India with strong potential for growth in the future. The Information Technology (IT) industry is expected to be the major industry that stands to benefit. Government spending on IT is rapidly increasing which opens newer opportunities for the players in the IT space. It also provides growth prospects to various industries which are likely to benefit from th...