10 Retail Industry Trends 2016 to Hook Consumers' Interests

With rise of technology and preference for mobile service, retailers are expanding business opportunities based on 2016 trends and consumer preferences. Services are becoming more customized, and payment options are getting easier. With more payment channels going liberal and secure, the retail industry analysis show that there are bright chances of greater number of customers to buy products online than from local stores. Here are 10 trends in retail industry for 2016 for B2B and B2C networks.

1.      Cash on delivery option along with card payments have made it effortless for consumers to purchase anything, anytime without any worries.

2.     Smartphones will be a major platform for internet of things, click-and-collect efforts, and synergy programs for retailers in cracking new business horizons. Pick up in-store experiments with mobile will help merchants to allow customers purchase goods via mobile phones.

3.     As per retail market research, data collection will be both on online and offline channels with better analyzing technologies to assist go digital networks.

4.     Everything will be available in a jiffy, as emotional experiences of customers would be accounted for, and personalized options presented in ready mix.

5.     Cloud based solution for retail management system will be used more often, with multiple channels installed to avail product access for people. Customer can view sales point of view, inventory and popular things on display, so as to effective plan their bucket list.

6.     The shopping journey for a person can be done from one place with absolute no need to travel, while the customer support technology will be dimensional to reach users instantly.

7.      The retail market research and analysis of 2016 predicts that omnichannel objective will be a priority this year, and frictionless shopping would be more of an advantage.

8.     Promotions and value rewards will earn more attention from people, and retailers will seize the opportunity by capitalizing more on such offers.

9.     Fraud management will be stringent and numbers of quality security companies will increase given the demand for a secure shopping experience.

10. Social platforms would be target to amass followers and visitors to the websites, while major campaigns will be launched on social channels to spread the word and launch of brands.

Global Natural Organic Personal Care Products Market Unwinds at 9.8% CAGR till 2020

Growing demand among common people for natural skin/hair care and cosmetic products is widening scope of the organic personal care market to 2020, and is expected to touch USD 15.98 billion in the forecast period. Several technological innovations are being targeted at developing affordable product lines from firms such as Amway, Aveda Corporation, Estee Lauder, and The Body Shop. Consumer perceptions towards such products are positive, as they desire environmentally sustainable cosmetics.

Focus of manufacturing organic cosmetics is not only deriving natural products, but reducing pollution via lessening use of petroleum based materials. The approval from FDA and U.S. Department of Agriculture, and several other human safety, and health regulatory bodies have given a boost to production of personal care products industry. Now, people wish to utilize hair and skin care items that are free of chemicals. The consumers have changed their lifestyle to a more health conscious way.

Advantages of Non-Chemical Skin Add-On

For the past few years, consumers’ disposable income has also increased, which is another reason for major developments in organic and natural cosmetics demand. As per industry analysis, the organic skin care products segment can witness 9.8% CAGR rise in 2014 to 2020.

The natural ingredients in cosmetics not only protect skin but also offer anti-oxidation facilities, which help enhance skin immunity. One of the challenges to producing such sustainable products is the high manufacturing cost.

Global Market Expands for Natural Beauty Products

In 2013, the natural cosmetics had USD 1.80 billion as revenue, with major users from Brazil, India, and China. A rise of awareness about harmful chemical substances effects have declined the demand for chemical products, and fueled the replacement by organic care items instead.

Key manufacturers are based at U.K, France, and Germany. North America is powering the global market. Other accelerating factors are Kyoto and Montreal Protocol in the Canada and U.S. which restrictions emissions of greenhouse gases.

Acquisition of Organic Cosmetic Firms

Some aspects promoting production and use of natural cosmetics are both small and large scaled organizations concentrating on providing organic cosmetics, especially with such strong domestic markets in North America and Europe.

Major companies are undertaking mergers and acquisitions to increase their dominance in FMCG sectors such as The Body Shop and Kiehl’s being acquired by L’Oreal in October 2013, and 2000 respectively. Additionally, Burt’s Bees was acquired by Clorox in October 2007.

Analyzing the Global Tobacco Products Industry 2016

The consumption of cigarettes and tobacco is increasing around the world. At some places, the intake ratio has come down, or replaced with safer and distilled tobacco products, while at other areas, the trend of cigarette use among younger generation is on the rise. The report on the linked industry gives classifications, definitions, market chain structure, and its applications. The research includes development history, prominent regions where utilization of related products is high, along with competitive landscape analysis, and international market conditions.

Tobacco Use Industrial Details

The material also involves developmental plans, policies, discussions on cost structures, and manufacturing processes. The market research reports talk about consumption and supply figures with price revenues, gross margins in EU, China, Unites States, and Japan. It has details about import and export statistics as well, with information on other major regions included in the trade. The focus is on company profiles, and globally leading industry key players. Knowledge on product specification, cost, and capacity can be also found.

How Will Global Tobacco Analysis Help?

Buyers can benefit from product production as well with connected contact details, and equipment in use materials. The tobacco industry analysis is on upbeat raw materials, downstream consumers, and a lot more like marketing channels, sequence plans, and development trends. Finally, the new investment possibilities and projects’ feasibility are assessed so that the conclusions offered provides overall concrete picture of the market and industry. Thus, the report hands on major statistics, industry state, and valuable sources, which directs interested individuals and companies to their goals.

7 Market Research Methods to Know Best Places of Beginning a Business

We all know that research and analysis of the market, competitors, industry, on basis of our goals will help jumpstart a business. But, often people/organizations fall short in launching techniques at appropriate moment, and required tools or methods used in the process. Here are few steps you can utilize to strengthen market research reports in knowing the best sections that increment our brand value and business.

1.      Create a Bucket List

The more questions you have, the better. Even the silliest and simplest of queries related to the business can be a turning point for your company. Jot them down in sequence depending on the priority. State your goals, ideas and requirement in crisp words.

2.     Have Discussion with Experts

Before beginning to send out research team or hire agencies for the purpose, have a talk with company and industry experts about the points included in the bucket list. Opinions of professionals will surely act as add on. With their help and advice, you can build a better industry analysis. 

3.     Allocate Investments Intelligently

After having a run over the important aspects, it is time to allocate funds. Invest in areas which are the building blocks for the company. Essentially these are the fixed costs. But, managing the variable costs smartly will also have a say as to the length of the bills. Hire a financial expert, if needed.

4.     Plan a Strategy

Decide how to go about with the tools developed. Who will perform the tasks and when that will be done? Are you going to outsource the market research reports, panel of professionals, or deploy internal team for it? What is the location from where the surveys etc. will be done?

5.     Decide on Tools and Techniques

Using the correct marketing research method is necessary to cut down resource wastage. There are several quantitative and qualitative tools (traditional and new media) that you can explore. Online forums, surveys, group studies, face to face interviews, sensory captures, polls, questionnaires etc. are few to mention.

6.     Keep Improvising

While the studies are being conducted, you will gather a huge amount of data. Some outcomes would appeal more to your interest than others. You will come to know which industry analysis is profitable to the company, and the steps that can be eliminated for good. Here you can understand the strengths, opportunities, threats, and weaknesses to your business. It is important to improvise based on the findings.

7.      Apply the Results

Just knowing and keeping on the study will not lead anywhere. Along with improvising, you will have to apply the findings to fulfill the business requirements. After all, the whole intention behind market research reports and such massive efforts are to reach a stable and profitable conclusion. Never stop knowing what the customers need, demand, and what the competitors are doing, which are the niches, and unique selling points to your business.

If you follow the above mentioned methods, you will get a good headway to meet the best places to know where to begin a business. There may be few add on and subtractions to the mentioned techniques, and industry analysis, depending on the needs. But, these tips can surely warm up a start-up or a company, which requires to get back in the throttle to surpass the competitors.

Global Prenatal and Maternal Diagnostic Market Sees CAGR 18% till 2020

The global prenatal and maternal diagnostic market includes a non-invasive series of prenatal screening tests. This industry will see a rise at CAGR 18% till 2020. In the prenatal diagnostic market, the expense is more in chorionic villus sampling, amniocentesis, and other surgical methods. The global maternal, prenatal, and newborn diagnostic screening test market will be worth more than $10.5 billion, which stands today at $8 billion. Maternal blood also reveals a lot about the woman’s and the unborn health.

Because of advanced genetic protocol and screening tests, it is possible to detect maternal complications or progress. Due to such steps, a lot many lives are saved. If treating an abnormal fetus growth or disease is needed, the diagnostics will aid doctors decide a treatment plan. Both the life expectancy of child and mother has improved with newer models in testing and analysis of diseases.

What are the Diagnostics in Prenatal Stage?

The platform is divided on fetal MRI, ultrasound, non-invasive screening technologies, maternal serum etc. These will have 4.1% growth rate in the next five years, as per medical market research. When DNA sequencing proved a success, the focus was shifted to treatment of genetic diseases. The need of remedies led to more experiments and advancements in pre-implantation genetic diagnosis, in vitro fertilization, fetal ultrasound tests, and modern prenatal tests etc.

How is Genetics Technology Helping Parents?

Intention behind such techniques is to detect genetic fault in fetuses, newborns, and embryos. The goal is to aid treatment of pregnancy disorders, structural chromosome diseases, numerical chromosome disorders, and single gene conditions inherited by the newborn, embryo or the fetus. The maternal diagnostic market is segregated as newborn screening, NIIPT, prenatal MRI etc. Emerging trends for relevant market is based on molecular diagnostics, in vitro techniques, liquid biopsy, and others.

Top 10 Smart Global Technology Trends this 2016

As we have stepped into the year of 2016, new innovations in technology sector is expected to boom. The 2015 recorded emergence of possible tech trends that would chance the world once and for all. Here are watchful 2016 top 10 tech trends, which will disrupt the economy positively for both the end users and sellers.

1.     Video Streaming Platforms

Teenagers and youngsters make for the largest audience to YouTube video streaming channel. Daily, millions of people watch videos online from different age groups. 46% of teens between 16 and 19 years spend an hour and more on YouTube every single day.

2.     Artificial Intelligence

Ways to enable interaction between sources, human or other, aided by artificial intelligence is becoming popular. Sensor analytics, which relay emotions and thoughts of people without need of smartphone screen, is escalating. The technology market research predicts that smartphones may become a thing of the past in coming five years.

3.     Hacking Smartphone Apps

The increase of technology comes with some side effects. As more number of people use smartphones, and relative apps, the later are prone to hacking and cyber crime. Though most of the app world organizations are prompt in defending such moves, increase in hacking activities is expected, along with strengthening of security measures.

4.     Internet Shopping and Commerce

Many businesses are benefiting by opening their product/service outlets on the internet. This is driving greater global traffic at every online store, generating more sales and profits. Noted by technology market research, one in three customers participates in either of the internet commerce or economic activities.

5.     Virtual Information

People are depending on virtual technology for entertainment and everyday activities like making video calls, viewing sports etc. 44% consumers want to get their food printed, and access information over the internet about everything.

6.     Online Complaints of Fraud

Consumers think than physically going over to the police, it is efficient and more responsive to report corrupt companies over the internet. This way, greater number of audience will become aware of malpractices, and faster action is expected to be taken.

7.     Wearable Devices

New wearable device to analysis body health via internal sensors are getting popular for memory, vision, and hearing capabilities. Stated in some technology market research, 8 out of 10 customers would use this advancement to improve their sensory perceptions. Larger investments in wearable equipments are to be done for healthcare sector.

8.     Smart Homes

The concept of smart homes is climbing steps in 2016. 55% of smartphone users wish newer modulations and devices in constructions bricks used for building homes. These must include sensors, which monitor electricity issues, leakage, and mold within the following five years.

9.     Social Network Emergency Chat

Social media channels and mobile applications are one of the preferred ways for emergency contact services. Around 6 out of 10 customers are keen on disaster information app. These apps would establish faster real-time news and speedier assistance during emergency situations.

10. Meaningful Commuting Services

While transiting, the commuters want to use their time productively rather than being passive travelers. As per technology market research, 86 percent of commuters would like personalized commuting services, when these would be made available.