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shankar besta

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Lactose-intolerance to create opportunities for plant-based dairy alternatives in India, says GlobalData

Plant-based dairy alternatives remain a relatively niche market in India due to the lack of consumer awareness and the high price per liter of such products. Despite this, India remains a promising market for dairy substitutes, given the burgeoning and economically empowered middle class and increasingly eco-conscious Millennial and Gen Z consumer cohorts. Spurred by […]
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APAC electrified vehicle market to grow by 25.6% CAGR over 2021-26, forecasts GlobalData

In recent years, interest in electric vehicles (EVs) as a cleaner and more effective substitute for conventional internal combustion engine vehicles has grown significantly. The shift to EVs is forecast to accelerate due to improvements in battery technology, an expanding network of charging infrastructure, supportive government policies, increasing consumer awareness, advancements in technology, and rising […]
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Cinepolis India targets to invoke nostalgia among consumers through new beverages, says GlobalData

Cinepolis India, a movie exhibitor chain, launched three novel flavors in its summer cooler beverage assortment: Masala Magic, Mango Magic, and Kala Khatta. This initiative underlines Cinepolis’ plan to work towards enhancing the overall movie-watching experience for Indian movie patrons, mainly children. Along with children, the company also aims to invoke the nostalgia element among […]
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Aging helicopter replacement to drive global military rotorcrafts market to reach $28.4 billion by 2033, says GlobalData

The new rotorcraft acquisition programs initiated by some of the leading global militaries to replace their aging fleet of legacy platforms are anticipated to be a major factor driving the military rotorcrafts market growth over the next decade. For instance, the US is procuring the V-280 Valor for the replacement of its Sikorsky UH-60 Black […]
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Tata Consumer Products looks to capitalize on rapidly growing iced/RTD coffee drinks market in India, says GlobalData

Tata Consumer Products, the food and beverages arm of the Indian conglomerate Tata Group, introduced Tata Coffee Gold-Cold Brew, a ready-to-drink cold coffee brand that has been launched in three flavors: classic, mocha, and hazelnut. By introducing three different flavors simultaneously, the company plans to target consumers with different tastes and reach a wider consumer […]
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Australia defense budget to register CAGR of 5.2% through 2028, forecasts GlobalData

Amidst escalating tensions in the Indo-Pacific region, evolving geopolitical challenges, and growing strategic competition, Australia recognizes the necessity of addressing these factors by building a modern military force. As a result, Australia’s defense budget is projected to register a compound annual growth rate (CAGR) of 5.2%, growing from $39.5 billion in 2024 to $48.3 billion […]
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Global military land vehicles market to reach $31.3 billion in 2033, says GlobalData

Escalating cross-border conflicts and the heightened military assertiveness of certain nations are the primary factors driving the demand for military land vehicles worldwide. For instance, ongoing conflicts like the Russia-Ukraine war, and border disputes between India-Pakistan and India-China, have prompted countries to make significant investments in strengthening their military land vehicle capabilities to deter potential […]
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Japanese restaurants accelerate overseas expansion even as domestic foodservice sector recovers, says GlobalData

Kura Sushi, a leading Japanese conveyor-belt sushi chain, opened its first outlet in Mainland China in June 2023, as part of its global expansion plans. With this, it joins the ranks of several Japanese restaurant operators who are aggressively scaling up their overseas presence. Besides targeting revenue growth in the immediate future, the diversification move […]
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Obicetrapib holds potential to become first CETP inhibitor to advance to clinical practice, says GlobalData

NewAmsterdam Pharma presented positive data from its Phase II ROSE2 trial evaluating obicetrapib in combination with ezetimibe as an adjunct to high-intensity statin therapy at the National Lipid Association (NLA) Scientific Sessions 2023. The study demonstrated the efficacy of obicetrapib in combination with ezetimibe resulting in the reduction of low-density lipoprotein cholesterol (LDL-C), non-high-density lipoprotein […]
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EU nod boosts Bimzelx’s profile as innovative interleukin-17 inhibitor therapy, says GlobalData

UCB recently announced the European Commission approval for Bimzelx (bimekizumab), its humanized monoclonal IgG1 antibody, which exerts simultaneous selective inhibition of interleukin 17A (IL-17A) and IL-17F, for adults with active psoriatic arthritis (PsA), and active non-radiographic axial spondyloarthritis (axSpA) who exhibit intolerance to non-steroidal anti-inflammatory drugs. Representing a distinctive mechanism of action as a dual […]
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Hygiene and health concerns present growth opportunities for packaged street-selling juices in India, says GlobalData

The COVID-19 pandemic elevated consumer focus on food safety and hygiene. For instance, 52%** of Indian respondents stated that hygienic feature is essential for them while making purchases. As a result, rising health and hygiene trend coupled with short shelf-life concerns are expected to present growth opportunities for packaged street-selling juices in India, where the […]
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Study indicating bacterial infection could cause endometriosis suggests antibiotics as potential treatment, says GlobalData

In a study published in Science Translational Medicine, researchers from Nagoya University documented how Fusobacterium may play a key role in spurring the development of endometriosis after the bacterium was detected in over 60% of women with the condition. The findings of the study are encouraging and could point to a potential role for antibiotics as treatment […]
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Australia colorectal cancer screening market to reach $10 million by 2030, forecasts GlobalData

The Australian Government has recently partnered with the Cancer Council of Australia to launch a nationwide colorectal cancer screening campaign, in response to the increasing prevalence of colorectal cancer and declining screening rates. Against this backdrop, the Australian colorectal cancer screening tests market is forecast to reach $10 million in 2030, according to GlobalData, a […]
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Major companies still innovating in mature pacemaker space, finds GlobalData

Pacemaker technology has come a long way since its first implantation in the 1950s. Over the years, there have been significant developments in pacemaker technology—such as making smaller devices, more efficient pacing technology, and wireless communication. While pacemakers are considered a relatively mature market, this has not prevented major companies from innovating new products, says […]
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