Monthly Archives: October 2018

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Europe Halloumi Cheese Market: 76% of modern trade outlets and 92% of online grocery retailers had halloumi cheese in their offerings

DUBLIN 2, Ireland, 2018-Oct-16 — /EPR Retail News/ — Glancing through the dairy segment of retail aisles in Europe offers a clear comparison of preference for halloumi cheese than other cheese varieties. According to a Fact.MR study on halloumi cheese market, 76% of modern trade outlets and 92% of online grocery retailers had halloumi cheese in their offerings.

Not only has the consumer base expanded, but per capita consumption of Halloumi cheese has also witnessed an increase

Ease of availability is a key factor that has led to an increase in halloumi cheese sales worldwide, particularly in Europe. The Fact.MR study includes an analysis on the sentiments of retailers who did not have halloumi cheese in their product offerings – nearly 48% of the Eastern European retailers mentioned ‘increased customer enquiry’ about the availability of halloumi cheese over the past two years.

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Furthermore, not only has the consumer base increased, but the per capita consumption has also surged in Europe. Apart from Cyprus, which is a clear outlier in terms of per capita consumption of halloumi cheese, average consumption in Europe stands slightly less than a pound per year.

Halloumi Cheese Demand Growing on the Backdrop of Specialty Cheese Preference

Along with increased consumer base and per capita consumption of halloumi cheese in Europe, there’s an another dimension that plays a critical role. “It’s the variety of specialty and halloumi cheese which consumers are inclined towards. “Organic” has become another buzzword these days, which is mostly due to increased health consciousness and lifestyle changes among consumers, says Mr. Shambhu Nath Jha, Senior Consultant at Fact.MR. “The selection process of grocery products has widely changed among several consumer clusters, as they are moving away from lucrative offers toward products with added health benefits. Labels and certifications on cheese products were not as important to consumers earlier as they have become now,” adds Mr. Jha.

Digital Visibility Acting as a Catalyst for Halloumi Cheese Sales in Europe

One of the key reasons for increasing demand for halloumi cheese is its increasing presence on e-commerce shelves. This has had a significant impact on awareness about the product.

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“Specialty online channels are gaining popularity across Europe, owing to significant consumer demand for specialty products from Tier II and suburban areas. Online grocery retailers have broadened the access of their offerings to reach a wider demographic. The ease of access provided by online channels has led to the multi-dimensional growth, which has augured well for the prospects of halloumi cheese producers,” opines Mr. Jha.

Halloumi cheese has been growing at double-digit growth rate through online retail, and it is further expected to increase in the years to come. Developing countries, especially India and China, have gained significant traction in the online grocery sales and due to this, several cheese manufacturers and traders have partnered with specialty online stores.

Brands are Positioning Halloumi Cheese as a Healthy Alternative to Conventional Cheese

“The reason halloumi cheese sells like hot cakes across Europe is because it’s so moreish. However, a question even avid consumers ask is, “It tastes so good, but can it, in some way, be healthy? And, the answers are encouraging. Halloumi cheese is an excellent source of calcium and protein, and moderate intake can be advantageous,” says Mr. Jha.

Halloumi cheese producers are leveraging these attributes of the product in marketing, and positioning it as a healthy alternative to conventional cheese. However, it’s worthwhile to note that halloumi cheese is high in saturated fats and salts, and too much of halloumi cheese consumption can aggravate certain health conditions. There are cheese variants that are healthier than halloumi – feta, mozzarella, and cottage cheese. However, halloumi is considered as a healthier option than goat cheese and cheddar cheese

Burgeoning Demand Exerting Pressure on Production Capacities

Halloumi cheese is native to Cyprus, however, the surge in its demand globally has encouraged the local dairy producers in other European and non-European countries to produce it domestically. As a result, foray of new players has been witnessed in the halloumi cheese market. The burgeoning demand for halloumi cheese in Europe, especially in the UK, has catalyzed efforts to implement a genomic scheme to boost production in Cyprus. “The way forward for greater halloumi production is industry-institution collaboration,” concludes Mr. Jha.

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SOURCE: EuropaWire

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Non-Dairy Toppings Market: heightened penetration of dairy-free ice-creams across European retail stores and hypermarkets

DUBLIN 2, Ireland, 2018-Oct-10 — /EPR Retail News/ — The Europe non-dairy toppings market revenues continue to head north, as the growing vegan population ramps up demand for non-dairy ingredients. Shelves and aisles across European retail stores and hypermarkets have been observed with heightened penetration of dairy-free ice-creams. Higher visibility of non-dairy products on retail shelves substantiate the heightened demand for ingredients used to process such products, and non-dairy toppings are no different. Over the years, the number of Europeans preferring non-dairy dairy products has increased significantly, and by second quarter of 2018, over one percent of European population was identified to be vegan, says a report published by Fact.MR on non-dairy toppings market.

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A Potion out of Niche – Translating Vegan Folks to Value

The number of vegan population in the UK alone has increased by 350% within a decade. Among the people who have embraced veganism in the U.K., nearly 63% are women. Observing this shift, leading UK retailers such as Sainsbury’s and Tesco have introduced new range of vegan products. While the demand for vegan products and ingredients has amplified in Western Europe, frozen desserts and ice-creams are witnessing a surge in demand.

According to Fact.MR’s study, the popularity of non-dairy products is relatively higher in Germany, with over 60% of the Germans showing interest in non-dairy ice creams and frozen desserts wherein non-dairy topping is used for processing. Non-dairy ice cream ingredients which accounted for a mere 1% of the total ice cream ingredients demand in 2012, have grown up to sizeable 8% share in a span of five years in Western European countries.

The non-dairy toppings market has also been aided by celebrity endorsements and word-of-mouth by influencers on social media. This population base has translated into a sizable market for non-dairy topping producers, which have realigned their strategies to leverage the unfolded white space in European food & beverages market.

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Lactose-averse Individuals Supplementing Non-dairy Toppings Demand

People who opt for non-dairy topping based products had to compromise with their choice of food, and lactose intolerant population group forms the leading chunk of this population group. Lactose intolerant individuals are allergic to food that contains dairy products, and are on targeted dietary plan such as Whole30 and the Paleo diet. With about 65% of European population reckoned to be lactose intolerant, and North European countries leading the list, the widespread preference and adoption for non-dairy topping is evident.

Furthermore, companies engaged in production of dairy based products also received consumer feedback of introducing key brands in non-dairy variants, and a few handful of market actors considered. European food & beverages market witnessed over 35 such product launch in last six quarter with non-dairy claims and almost 15 of those using non-dairy toppings.

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SOURCE: EuropaWire

 

 

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Smart Scale Co. Unveils World’s First IoT Smart Scale Container, “Stashaweigh™”, at New West Summit

Oakland, California, USA, 2018-Oct-10 — /EPR Retail News/ — Smart Scale Co. announced today its October 11th launch at New West Summit of the world’s first IoT smart scale container for the cannabis industry. The patent pending “Stashaweigh™” is an industry-forward weighing device that utilizes the ease of Bluetooth connectivity via a smartphone app to make tracking and saving your cannabis history seamless.

Stashaweigh™ is the brainchild of inventor and entrepreneur Josh Lee, Founder and CEO of Smart Scale Co., which he created in 2017. Lee, in conjunction with a team of technology engineers, has a vision for smart data-sharing, powered by machine learning and advanced AI, that he hopes will shake up the cannabis market.

Lee recalls, “As a technology inventor I saw a lack of technology being built for the cannabis market that matched what was out in the mainstream marketplace. I chose to build the most technologically advanced stash container, the Stashaweigh™, a patent-pending IoT device that integrates a smart scale, connected smartphone app, and water and smell-proof container to manage your usage history by weight, day, time and strain.”

Stashaweigh™ allows its users to track and manage usage history through their smartphones, and gives accurate weight, date, and time feedback while storing precise dosage history during each session. The company will use machine learning and AI to track and predict user habits from around the country that give dispensaries, growers, scientists, and medical professionals tools to more accurately respond to consumer needs and trends.

“Our goal is not only to give consumers a secure device to store their cannabis, but to help them learn more about their usage habits, while giving them tools to manage their cannabis like never before. We are thrilled to launch our product at New West Summit, the industry-leading cannabis technology conference.”

Stashaweigh™ is the first container in a line of expected smart scale devices that make using, selling, prescribing, and growing cannabis smarter and more effective.

SOURCE: EPR Network

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High-speed and Smart Billing Solution from Millennium India

MagicBox-Elite

Chennai, India, 2018-Oct-09 — /EPR Retail News/ —  Keeping its endeavor to empower retailers with latest technology to enhance their business, Millennium Soft-tech India today introduced yet another advanced and multi-functional, yet affordable Android Desktop POS solution for Indian businesses who hitherto are striving for futuristic and high-speed POS devices to extend customers with best-in-class in-store experience.

 

MagicBox ELITE Android desktop POS terminal is strikingly similar to MagicBox Plus, which the company has unveiled to small and medium retailers last month, but with a few add-ons. One of the striking features Elite offers is an in-built 3-inch thermal receipt printer (160 mm per sec with auto-cutter) which intends to benefit wholesale and larger business enterprises to speed-up their checkouts and provide customers with more detailed purchase orders, bills and receipts.

 

MagicBox Elite has 11.6-inch screen touch display with HD resolution and IPS technology provides good readability even under bright sun. Bluetooth (4.0), NFC (optional) technology, 2- line LED customer display and Wi-Fi are the other highlights of this POS terminal. The compact, well designed and rugged desktop POS terminal also comes with plenty of USB connectors to connect hardware devices such as external printer and barcode scanner.

 

Commenting on the release of new desktop POS terminal Bhaskar Venkatraman, CEO and Director of Millennium Soft-tech India, said: “Indian retailers are hard-pressed to meet growing customer demand and challenges posed by large peer groups who are equipped with latest billing and store management solutions to offer the best shopping experience to customers.”

 

Bhaskar Venkatraman, Director, Millennium Soft-tech India Pvt Ltd.

“The advent of supermarkets and smart stores in the neighborhoods are compelling retailers to come out of traditional retailing practices and adopt modern technologies as customers, armed with mobile technology, want to connect with retailers through multiple touch-points. So, whoever offers flexible transaction windows, get more customers and business. MagicBox Elite intends to help retailers of any size provide fast and advanced billing solution to customers while automating several in-store activities such as inventory, sales, payments, purchases and CRM,” Bhaskar further stated.

 

The new MagicBox Elite comes with user-friendly retail software application, and shop owners can easily perform GST billing, accept multiple payments, manage inventory in real time, send offers and discounts to valued customers, manage CRM and loyalty programs and generate sales reports for better business forecast and management. Accessible on Cloud, retailers can get store information in real time anywhere and can take crucial business decision on the go.

 

“MagicBox Elite offers versatile POS solutions for retailers belong to myriad business verticals. From small, medium to large grocery stores, departmental stores, food stalls, bakery shops, diagnostic and testing labs to medical stores, dairy business, electrical and home appliance showrooms, footwear shops and hospitality industry can use Elite to provide the best-in-class customer experience,” concluded Bhaskar.

About Millennium India

 

Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point of Sale (POS) technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India.

 

Having associated with world’s leading POS brands, Millennium understands the growing demands of retailers better than anyone else irrespective of their size, stature and nature of business, and offers comprehensive, advanced and sustainable solutions to enhance their businesses.

 

Headquartered in Chennai and having branches all major cities in India, Millennium has a clear vision of empowering millions of unorganized small and medium enterprises spread across the country by automating their transaction activities and make them competitive with established market peers.

 

As the national distributor of leading multinational POS brands including Epson, Posiflex, Casio, Toshiba, Honeywell, Godex, and Opticon, Millennium offers POS solutions to corporate brands, retail giants and SMEs across India.

For further information, contact:

 K Ramanathan

Content Head & Media Coordinator,

Millennium Soft-Tech (India) Pvt Ltd, G-19,2nd Floor,

Block-16, 2nd Main Road

Ambattur Industrial Estate, Chennai -600 058

Phone: +91-9384612789/ +91-917 666 2020

Email: ram(at)Justransact(dot)com

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Millennium India Releases Smart and Cost-effective POS Solution for Retailers

NEW DELHI, India, 2018-Oct-9 — /EPR Retail News/ — Millennium Soft-tech India today unveiled yet another powerful android smart POS – MagicBox Plus – device with advanced features suitable for small and medium retail businesses who hitherto have been struggling to match with big businesses in providing best-in-class customer experience and enhanced store operations.

Millennium, which pioneered in providing integrated POS technology for Indian retailers, earlier in July has introduced hand-held Smart Mobile POS device for small shop owners to help them transact both indoor and outdoor seamlessly while managing inventory, payment, reports and analysis and customer engagement activities.

“Our new offering, MagicBox Plus android desktop POS is ideal for retailers who prefer smaller, sleeker, cheaper and yet powerful POS solution to drive business operations seamlessly,” says Bhaskar Venkatraman, CEO and Director of Millennium Soft-tech India.

The compact desktop POS device comes with industry-best retail software ideal for general and food and beverage retail applications which include grocery shops, stationery sellers, departmental stores, ice-cream bars, bakery and sweet shops,  food courts, fine dining, takeaway, bar, to name a few.

“MagicBox Plus, while automating several manual functions such as inventory, sales, credits and billing, helps store owners generate valuable reports and analysis for better planning, CRM and loyalty program, GST billing, order taking, mobile banking and staff management,” says Bhaskar, who also heads India’s premier e-commerce portal Justransact.com exclusively for POS products and technology.

MagicBox Plus Android (6.0) device comes with Qualcomm Snapdragon615, octa-core processor, 8GB memory and 1 GB RAM, which can host powerful retail POS software. Despite small in size, MagicBox Plus offers integrated 2-inch (58mm) printe and NFC (optional) technology along with 11.6-inch HD adjustable touch display and elegant but rugged design to customers. Bluetooth (4.0) and Wi-Fi are the other highlights of this POS device.

The pre-loaded software supports critical features such as anytime-anywhere billing, inventory management, spot offers/discounts, loyalty program, and many more. Through this device, retailers can access their store remotely in real time using cloud technology which saves critical data and keeps it secured from potential loss, pilferage or malware intrusion.

“Retailers get cost-effective, integrated, compact and a complete POS solution with cloud application facility.  With this (device), retailers can save a huge overhead cost and considerable retail space while offering customers sophisticated business environment,” concludes Bhaskar.