Hybrid Rice Seeds Market Projected to Record Highest CAGR of 8.4% by 2022 to 2031

The global hybrid rice seeds market is estimated at USD 2.5 Bn in 2022 and is projected to reach USD 5.6 Bn by 2032, at a CAGR of 8.4% from 2022 to 2032.

Hybrid rice seed varieties are the first filial generation of two distinct parent seeds. These hybrid rice seeds demonstrate superior productivity, raising yields above the high yielding varieties of the original Green Revolution. Hybrid rice seeds fit well for a New Green Revolution, which are a must for meeting the rapidly increasing need of the growing population.

The quality of seeds largely affects the efficiency of the added fertilizers, pesticides, and other agricultural inputs. Hence, to enhance productivity, quality seeds with appropriate properties are needed to develop and be made available to farmers.

Hybrid rice seeds are getting widely acknowledged for their enhanced productivity. Yet, at present, the hybrid rice seeds technology is limited to India, Vietnam, the Philippines, and the U.S., while China is cultivating around half of its rice with hybrid rice seeds. Major limitations are generally due to the hybrid rice seed technology being laborious and intensive, besides the high cost of the seeds. Still, hybrid rice cultivation tops other hybrid crops. FMI predicts that the global market for hybrid rice seeds is expected to grow at a rate of 7.5% in terms of revenue during the forecast years.

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Hybrid Rice Seeds Scenario in Developing Countries at a Glance

The hybrid rice seeds market growth in developing countries is varying from moderate to stagnant, owing to the lack of trained human resources, lack of sufficient water, and unfavorable climatic conditions. Rice producing Asian countries, apart from China, which include India, Indonesia, Bangladesh, the Philippines, Vietnam, Myanmar, and Pakistan, together have 4.5 million hectares of land under hybrid rice seed cultivation.

The area contributes to a small percentage in each country. The U.N. FAO’s regional office in this region has developed a strategy in collaboration with these countries to move toward sustainable food security in Asia. In African countries such as Liberia, Mozambique, Nigeria, Uganda, Madagascar, and Tanzania, cultivation with hybrid rice seeds started in the early 2000s.

The Green Super Rice (GSR) project, which was introduced in some countries in the African continent cultivating hybrid rice seeds, developed in Asia, coordinated by the Chinese Academy Agricultural Sciences, the International Rice Research Institute (IRRI) and Africa Rice, during 2009-2011, succeeded from the yield perspective. However, these hybrid rice seeds are not practical for commercial rice production, since they are susceptible to African diseases.

Developing hybrid rice seeds that have better resistance to these diseases as well as high yield potential will be more beneficial. On the other hand, Egypt has succeeded in producing a local hybrid rice seed variety on a commercial scale through a rice breeding program. With strategic programs and support from the private sector, governments, and leading companies, hybrid rice development in Asia and Africa has a great potential to achieve a breakthrough in the technology related to hybrid rice seeds.

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Self-Cloning Hybrid Rice – a Milestone in Hybrid Rice Seeds Technology

Hybrid rice seeds are a product of the hybridization of two good parent rice varieties, which are engineered with desirable traits such as higher yield. Such hybrid rice seeds do not pass the same genetic information to the next generation of seeds. Hence, if farmers need to achieve the same yield the next time, buying new hybrid rice seeds is a must. However, a recent study conducted at the laboratory level shows the possibility of preserving genetic information through the self-cloning of hybrid rice seeds. On December 12, 2018, it was reported that, hybrid rice seeds engineered with CRISPR, a gene-editing tool, can produce such a rice plant that can clone their seeds. Successful commercial production of such hybrid rice seeds can lead to a marvelous improvement in hybrid rice seed technology and overall crop development.

Global Hybrid Rice Seeds Market by Category

By Grain Size :

  • Long Grains
  • Medium-sized Grains
  • Short Grains

By Durability :

  • Up to 110 Days
  • 111 to 140 Days
  • 140+ Days

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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Frequently Asked Questions

  • What is the hybrid rice seeds market performing?
  • At what rate is the global hybrid rice seeds market expected to grow?
  • How was the hybrid rice seeds market performing in the last few years?
  • How are market players reacting to the new developments in the hybrid rice seeds market?
  • How much share does the top 10 companies in the hybrid rice seeds market hold?
  • Which are the major countries driving demand for hybrid rice seeds?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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T: +1-845-579-5705

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Ginseng Market: Development History, Current Analysis and Estimated Forecast to 2031

The sales of ginseng are estimated to be valued at US$ 684.2 Mn in 2021. As per Future Market Insights (FMI), the overall ginseng market value is expected to reach US$ 1,093.6 Mn by 2031, rising at a CAGR of 4.8% for 2021-31. The sales of ginseng will represent approximately 1-2% of the herbal supplements market.

Growing consumer health consciousness is a significant factor in the food industry’s transformation. Customers not only tend to favor healthier meals, but they are more willing than ever before to pay for a non-GMO food products with no artificial ingredients. With the number of food companies looking for additives that include more nutrients in their products, thus the demand for ginseng is expected to rise.

As a result, it is safe to conclude that the ongoing trend is being driven by a growing interest in health and wellness. This has also led to the inclusion of ginseng as a key component in a number of dietary supplements. Because these supplements are non-GMO and organic, their market demand is expected to remain high.
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Key Takeaways:

  • China is expected to remain one of the most lucrative markets for ginseng around the world. This is expected to give impetus to the overall Asia Pacific market.
  • Besides China, Korea has emerged as a leading consumer of ginseng.
  • Among end users, pharmaceuticals segment is forecast to exhibit high demand. Through the course of the forecast period it is expected to represent a considerably high share of the market.
  • Anti-oxidant and anti-inflammatory properties of ginseng boosts its application across diverse sectors.
  • Ginseng can help improving heart health and reduce cancer risk. As a result of this, it is increasingly used in food products.

Consumer’s Willingness to Spend on Healthy Food Products Creates Growth Prospects

The increasing number of health conscious consumers creates a lucrative demography for the ginseng market. Consumers’ preference towards healthy food products is not just linked to their awareness, but willingness to spend higher on non-GMO food. Ensuring that a food product does not contain artificial additives is a major factor determining its future in the market. Furthermore, it is a masterstroke when a manufacture is able to attain approvals from legitimate international authorities. These factors pave way for the market’s growth.

The anti-inflammatory and anti-oxidant properties of ginseng helps in improving the overall immunity system of humans. For instance, using Koran ginseng has shown to improve heart health and cognitive functions of brain. Besides this, ginseng is believed to have anti-cancer effects. These benefits spur the use of ginseng in non-GMO food products.

Rising Consumption of Dietary Supplements Boosts Sales Opportunities

Focus on fitness and wellbeing corresponds directly to the increasing health consciousness among consumers. Given the scenario, the demand for dietary supplements is likely to accelerate impressively. The consumption of these supplements is not restricted to a certain age or demography, rather it has considerably surged across age groups. The report suggests that dietary supplements sales could double itself in the forthcoming years. Because ginseng supplements are organic and are often categorized under non-GMO products, their demand is forecast to increase in the near future.

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Rising Demand for Plant-based Food Products to Bode Well in Coming Years

The rising demand for healthy and ethically produced products has bolstered the market for plant-based products. These products help in reducing risk of various diseases, mostly transmitted through meat products. This has fueled the demand for plant-based ginseng extracts. These are safe to use and can be incorporated in various personal care products, supplements, pharmaceutical products, food products among others.

Market Segments Covered In Ginseng Industry Analysis

By Source:

  • Wild
  • Cultivated

By Form:

  • Raw
  • Powder
  • Extract

By Variety:

  • Oriental Ginseng
  • American Ginseng
  • Siberian Ginseng
  • Others

By End-use:

  • Personal Care Products
  • Dietary Supplements
  • Food and Beverage Processing
  • Pharmaceutical Products

Region:

  • North America
  • Latin America
  • Europe
  • Eastern Europe
  • APAC excl. China
  • China
  • Middle East & Africa

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Key Questions Answered in the Report

  • How much is the ginseng market current worth?

Currently ginseng market is worth more than US$ 684.2 Mn.

  • At what CAGR is the market expected to grow?

Ginseng consumption is expected to grow at a CAGR of around 4.8% during the period 2021-2031.

  • How was the performance in the last five years?

In terms of revenue ginseng grew at a CAGR of around 4.9% during 2016-2020

  • What are the key trends boosting Ginseng sales?

Development of innovative products, surge of ginseng in personal care industry are the latest trends of ginseng being observed in the market.

  • How are market players reacting to the new developments in the market?

Market players are opting for offering products with various claims, new product developments and production capacity expansion.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Linseed Oil Market: Latest Innovations, Drivers and Industry Key Events Over 2032

The global linseed oil market is estimated at USD 7.6 Bn in 2022 and is projected to reach USD 13.5 Bn by 2032, at a CAGR of 5.9% from 2022 to 2032. The linseed oil market is expected to acquire ~3% of the overall oilseeds market by 2022 end.

In ancient Egypt, the flax plant was cultivated by the ancient Egyptians to produce linen out of the lignan abundantly present in the plant stem, which was used to wrap mummies. Linseed oil is extracted from the seeds of the flax seed using the extraction or pressing method. For thousands of years, linseed has been consumed as a food and also used as a remedial medicine. According to a new study by Future Market Insights, consumer demand for linseed oil Market is anticipated to experience a meteoric rise, aided by the high content of the omega-3 fatty acids, among the health conscious populace, globally.

Linseed oil, often termed as flaxseed oil, is derived from the ripened, dried seeds of the flax plant belonging to the Linum family. Linseed oil generally tends to be colorless to yellowish in color. The flax plant is one of the oldest plants on Earth, and has been cultivated even by ancient civilizations. The flax plant and linseed oil have been benefiting many generations of humans as well as animals, be it in the production of linen, ropes from the stem, or providing health benefits with medicinal properties.

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Global Linseed oil Market: Segmentation

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Raw Linseed Oil
  • Boiled Linseed Oil
  • Double-boiled Linseed Oil
  • Others

By Application:

  • Dietary Food
  • Pharmaceuticals
  • Paint & Textile Industry
  • Leather Industry
  • Animal Feed
  • Personal Care
  • Processed Food
  • Others

By Distribution Channel:

  • Online Retailers
  • Grocery Stores
  • Wholesalers
  • Supermarkets

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Japan
  • Asia Pacific excluding Japan (APEJ)
  • Middle East & Africa

Linseed Oil Market Share Shifting from Industrial Use to Dietary Supplements

Up until World War II, the utilization of linseed oil was dominantly occupied by protective coating and other allied manufactured products such as linoleum, patent leather, oil clothing, etc. With extensive research and development, various alternatives are replacing the use of linseed oil in paints and varnishes. For example, the development of vinyl floor coverings replacing linoleum, latex interior paints replacing linseed oil in paint, cotton cloth replacing linen. However, with the advent of research and many technological developments, linseed oil has emerged as a dietary supplement, owing to the presence of omega-3 fatty acids, a polyunsaturated fatty acid.

These fatty acids are beneficial in various ways, such as improving heart health, treating constipation and diarrhea, helping in weight management, reducing inflammation, rheumatoid arthritis treatment, and cancer treatment. With the increasing prevalence of chronic diseases all over the world, dietary supplements are experiencing a tremendous rise in demand, supporting an increase in global linseed oil demand. The global market for linseed oil is expected to gain significant momentum, and register a growth of 5.5% in terms of value between 2018 and 2027.

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Surge of Linseed Oil in the Cosmetic Industry Bolstering Global Demand

The need for good looks to create a good impression has led to humongous growth in the cosmetic industry in recent times. European and Asian countries such as South Korea, Japan, China, Germany, and Switzerland have seen an enormous boom in the cosmetic industry. Linseed oil is used in moisturizers, creams, and skin and hair products as a source of an omega-3 fatty acid. According to FMI analysts, the global demand for linseed oil in the cosmetic industry is likely to boost the overall demand for linseed oil.

Organically Produced Linseed Oil to Attract the Millennial Generation

The use of chemicals for improved crop production yield has been confirmed to decrease the soil quality and overall productivity. Moreover, these chemicals enter into human body through consumed food. On the other hand, organically produced linseed oil crops tend to preserve the quality of the soil, and have an improved flavor and taste. Consumers are inclined to buy organic products that are marketed as supreme and premium quality products, even though they cost more as compared to conventionally produced linseed oil. Linseed oil manufacturers have successfully kept track of the current trend and consumer needs, and are turning away from using conventionally produced linseed oil.

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Key Questions Answered in the Report

  • What is the demand for the linseed oil in the market?
  • At what rate is the global linseed oil market expected to grow?
  • How was the linseed oil market performing in the last few years?
  • How are market players reacting to the new developments in the linseed oil market?
  • How much share does the top 10 companies in the linseed oil market hold?
  • Which are the major countries driving demand for linseed oil?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Almond Flour Market Study Based on Shares, Current Opportunities with Future Growth Scenario by 2032

Newly released data from almond flour market analysis shows that global demand of the overall almond flour market is anticipated to grew at a Y-o-Y of 8.1% in 2021 to a total of USD 1,572.8 Mn.

One of the first in gluten-free flours category, almond flour is significantly used within the bakery sector. The report opines that bakery will remain the prime consumer of almond flour through 2028, whereas emerging application areas such as dietary supplements and cosmetics & personal care products would be presenting lucrative opportunities to market players. Greater emphasis of agriculture promotion groups on setting sustainable standards for the almond cultivation space is projected to be an important factor that would shape the market for almond flour in the near future.

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The demand for the organic flour segment increased by 8.0% between 2020 and 2021, giving the combined almond flour market year-over-year growth of 8.1% in 2021, according to the FMI’s report.

Key Takeaways – Almond Flour Market Report

  • Although gluten-free/non-traditional flours are yet to mainstream, they have been capturing a considerable shelf space at retail stores, since the recent past.
  • Almond flour will witness accelerating consumer preference in the following years, with momentous expansion of vegan and paleo diet trends.
  • Blanched almond flour remains preferred over natural or unblanched almond flour, particularly among bakery sector operators. This preference is attributed to the former’s superior texturizing properties.
  • Bakery sector, among all the industrial end users of almond flour, will continue to account for more than 50% share in the market.
  • The high-protein, low-carb profile of almond flour makes it a desirable ingredient for the manufacturers of dietary supplements.
  • High price point would remain a longstanding challenge to the growth of almond flour market.
  • Europe is projected to remain the significantly lucrative market for almond flour sales through 2028.

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Market Leaders Emphasizing Application-specific Almond Products

Blue Diamond Growers, Inc., the almond specialist, recently launched a few products to extend the company’s existing line-up. Some of the latest introduced products by the company include crackers made with almond flour and the refrigerated almond flour. While the former is successfully capturing retail shelves, the latter will witness spectacular sales owing to its higher shelf life. Eying the opportunities abound in consumer branded products, Blue Diamond Growers is innovating its almond flour offerings specifically for baking.

Besides Blue Diamond Growers, Inc., the report covers some of the globally leading almond flour manufacturers, including Bob’s Red Mill, and Almondco Australia Ltd. The market for almond flour remains a fairly consolidated competition landscape, as the top five players continue to contribute nearly 40% revenues to the market. Companies are focusing on brand positioning and promotions in the premium healthy ingredients category. Several brands are looking up to capitalize on the expanding conscientious as well as affluent consumer base across developing economies.

Segmentation:

By End User:

  • Household
  • Food and Beverage
  • Industrial
  • Cosmetics
  • Dietary Supplements
  • Others

By Form:

  • Blanched
  • Natural

By Nature:

  • Organic
  • Conventional

By Distribution Channel:

  • Direct
  • Indirect
    • Pharmacy Stores
    • E-retailers
    • Specialty stores
    • Supermarkets

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Key Questions Answered in the Report

  • How much is the current worth of the almond flour market?

Currently almond flour market is worth more than USD 1,572.8 Mn.

  • At what CAGR is the market expected to grow?

Almond flour consumption is expected to grow at a CAGR of around 8.3% during the period 2022-2032.

  • How was the performance in the last five years?

In terms of revenue, the almond flour market grew at a CAGR of around 7.1% during 2017-2021.

  • What is the demand outlook forecast for the extruded snacks market?

The global almond flour market was forecasted to surpass USD 3,536.9 Mn by the end of 2032.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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Matcha Market Set for Rapid Expansion during Forecast Period 2022-2031

In a recent study, ESOMAR-certified consulting firm Future Market Insights (FMI) projects a favorable demand outlook for the global matcha market during the forecast period 2021 to 2031. The global matcha sales are poised to total US$ 2.28 Bn in 2021, exhibiting a stellar 10.2% CAGR.

Increasing applications of matcha in diverse end-use sectors such as food and beverage, personal care, and foodservice are driving sales in the market. Apart from this, growing preference for non-alcoholic beverages among millennials is providing tailwinds to market sales.

Matcha is termed as a ‘superfood’ in the food industry as it is packed with vital nutrients and minerals. Loaded with antioxidants, vitamin A and C, and minerals such as potassium, calcium, and magnesium, matcha is becoming a frequently used product in households.

Health benefits derived from matcha are key factors propelling sales in the market. Matcha can potentially combat cholesterol, liver damage and improves the calorie-burning process, making it an ideal choice of beverage among weight watchers.

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In addition, matcha has anti-inflammatory properties that catechins that help in countering hormonal acne. This factor is driving applications of matcha in skincare and personal care products such as moisturizers, lotions, cleansers, and serums, further augmenting the market growth.

Growing consumers’ preference towards plant-based and clean ingredients in packaged food products such as snacks, ready-to-drink beverages, and desserts are encouraging product innovations in the matcha market.

As per FMI’s analysis, the U.S. is anticipated to emerge as a lucrative market. Rising demand for plant-based and organic products, coupled with presence of leading players in the country will augment market growth.

Key Takeaways:

  • Sales of culinary grade matcha are estimated to remain high through 2031, owing to increasing applications in food and beverages.
  • Organic match will emerge as the most preferred type.
  • Foodservice segment is anticipated to dominate the end-use segment, due to high demand for matcha-based dishes and beverages in restaurants and cafes.
  • Stand-up pouches will account for the maximum market share, due to convenient and easy storage features.
  • Indirect sales will hold maximum market share in terms of sales channel type.
  • The U.S. is anticipated to experience high demand in the matcha market, owing to growing consumer preference towards plant-based food products. As per the market survey, North America is expected to exhibit a positive 8.7% CAGR through 2031.
  • The U.K. will exhibit high demand for matcha-based products, due to increasing applications in personal care products and household consumption. FMI projects the European matcha market to grow at a healthy 9.4% CAGR.
  • Being one of the leading exporters of matcha tea, Japan will emerge as an attractive market, with innovative product developments and key players in the market.
  • South Korea is expected to account for 4.7% of the total market share.

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Competitive Landscape

ITO EN Ltd., Tata Global Beverages Ltd., Starbucks Corporation, The Hain Celestial Group Inc., Unilever PLC, Aiya-Co. Ltd., The AOI Tea Company, McCormick & Company, Inc., Matchaah Holdings Inc., The Republic of Tea, Clearspring Ltd., Andrews & George Company Limited, Green Foods Corporation, Marukyu-Koyamaen Co. Ltd., and Foodchem International Corporation are some leading players profiled by FMI.

Leading players comprise ITO EN Ltd., Tata Global Beverages Ltd., Starbucks Corporation,  Unilever PLC, McCormick & Company, Inc., holding 15-20% of the total market share.

Key companies operating in the global matcha market are investing in acquisitions and collaborations to expand their product offerings in various regions. Apart from this, product innovations and launches will be prominent growth strategies among leading players through 2031. For instance:

  • In July 2021, Starbuck Coffee Company partnered with Caribbean Coffee Traders Limited (CCTL) to open its first store in the island of Barbados. The new coffeehouse opened at Haggatt Hall in St. Michael introduces customers to the Starbucks coffeehouse experience by offering a variety of aromas and locally sourced products with a signature Starbucks twist.
  • In October 2020, Canadian private equity firm Clearspring Capital Partners acquired a majority stake in Regal Confections, a Canadian distributor of global sweets and chocolate confectionery brands. The acquisition will potentially strengthen Regal’s product portfolio and aid the company’s growth.

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Matcha Market by Category

By Grade Type: 

  • Ceremonial
  • Classic
  • Café
  • Culinary

By Nature Type:

  • Organic
  • Conventional

By End-Use Type:

  • Food Processing
  • Beverage Processing
  • Personal Care
  • Foodservice
    • Tea Shops/Café
    • Restaurants
  • Institutional
  • Household

By Packaging Type:

  • Bulk Bags
  • Cartons
  • Sachets
  • Stand Up Pouches
  • Tins

By Sales Channel Type:

  • Direct Sales
  • Indirect Sales
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online Retailing

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • Southeast Asia and rest of Asia Pacific
  • Middle East & Africa

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Key Questions Answered in the Report

  • What is the current matcha market value?

The global matcha market is forecast to reach US$ 2.28 Bn in 2021.

  • At what rate did the matcha market grow between 2016 and 2020?

The global matcha market experienced healthy growth between 2016 and 2020, registering a positive 8.4% CAGR.

  • What are the key trends driving matcha sales?

Growing preference for non-alcoholic beverages among millennials, coupled with increasing applications of matcha in skincare and food & beverage industries are driving matcha sales.

  • What will be the matcha market share in Europe?

The European matcha market is poised to expand at an impressive 9.4% CAGR.

  • What is the current market share of South Korea in the global Matcha market?

South Korea is anticipated to hold 4.7% of the global matcha market share.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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Kombucha Market 2022 Growth, COVID Impact, Trends Analysis Report 2032

The global kombucha market is estimated at USD 575.6 Mn in 2022 and is projected to reach USD 2,380.4 Mn by 2032, at a CAGR of 15.3% from 2022 to 2032. Globally, the market is estimated to create an absolute $ opportunity of about USD 1,804.8 Mn by 2032.

Beverage brands from across the globe are looking to capitalize on the kombucha boon. They are launching new kombucha-based drinks with bold claims of various health benefits. Success witnessed by kombucha brands is majorly steered by the rising consumer preference for functional drinks. It seems that the market has fewer hindrances except mixed clinical evidences on kombucha benefits.

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Be it as it may, the kombucha market has witnessed meteoric rise in popularity in developed markets in the last decade. Bolstered by the strength of health-focused marketing campaigns, the demand for kombucha is poised to surge as soon as economies move past the coronavirus crisis.

The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the kombucha market. Some of these are:

  • Kombucha is available in a gamut of flavors, ranging from berries to herbs and spices. Growth witnessed in the herbs and spices segment is expected to rise at 18% over the forecast period.
  • North America and Europe are expected to remain the dominant markets for kombucha. Collaborations between popular kombucha brands and local restaurants and cafes will give significant impetus to the market across these regions.
  • Expansion of organic retail shops to bode well for the kombucha market. Flavored kombucha is often among the best-selling products in these stores.
  • Heightened focus on health and wellness among consumers due to COVID-19 outbreak will enable the market gain pace in the coming years.

Market segmentation

The global kombucha market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Flavour

  • Regular
  • Herbs & Spices
  • Citrus
  • Berries
  • Apple
  • Coconut & Mangoes
  • Flowers
  • Others

Sales Channel

  • Food and Drink Specialty Store
  • Hypermarket/Supermarket
  • Convenience Store
  • Online Retail

Packaging

  • Glass Bottles
  • Cans

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Kombucha, Touted for its Many Health Benefits, to Witness Skyrocketing Sales

Success witnessed in the global kombucha market is majorly steered by the rising demand for healthier alternatives to carbonated drinks. The unprecedented outbreak of the novel coronavirus and easy access to information have rendered consumers more aware than ever before. As per data published by an AI powered food intelligence start-up Tastewise, the mention of “immunity” in food searches rose by an impressive 27% between February 2019 and March 2020. Kombucha is among the grocery items that has particularly witnessed uptick interest since the onset of COVID-19. The rising inclination towards the consumption of organic food entails growth prospects for the kombucha market.

Who is winning?

The kombucha market is a consolidated one, with 50% to 60% of its share belonging to a handful of companies. Although several aspiring manufacturers have mushroomed around the world, lion’s share of the market remains with top manufacturers, mostly belonging from the U.S. In order to make their presence felt, a majority of companies are focusing on advertising. Bold claims with regards to the health benefits of fermented tea and marketing their brands as miracle elixir are common strategies followed especially by local manufacturers to strengthen their foothold in the market. Other than this, leading brands are focusing on product launches and expansion to drive their sales.

  • For instance, Starbucks Corporation began offering kombucha under its brand Evolution Juice, starting 2018.
  • In 2018, RISE Kombucha ventured into expanding its market across the U.S.

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Frequently Asked Questions

  • What is the current worth of the kombucha market?
  • At what CAGR is the kombucha market expected to grow?
  • How was the kombucha market performing in the last few years?
  • How are market players reacting to the new developments in the kombucha market?
  • How much share does the top 10 companies in the kombucha market hold?
  • Which are the major countries driving demand for kombucha?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Vegan Cheese Market Size and Share, Segmentation, Growth Opportunities, Regional Analysis 2022-2032

Newly released data from the global vegan cheese market Analysis shows that the global vegan cheese market enjoyed year-on-year (YoY) growth of 5.7% in 2022 and is estimated to be USD 3,032.0 Mn in 2022 and is expected to witness a prominent growth rate of 9.3% to reach the value of USD 7,352.2 Mn in 2032.

The report examines the factors influencing the market from a global as well as regional perspective. It discovers hidden opportunities for the leading market players. In addition to this, the report identifies the chief growth drivers, restraints, and opportunities.

Additionally, the rise of the vegan cheese business is fueled by rising personal disposable income, altering tastes and preferences, and more adoption of the western lifestyle. Other market growth determinants include an increase in the worldwide vegan population and growing worries about the safety and health of animals. Manufacturers’ increased focus on novel product offerings, combined with increased limits on animal-based food items, will provide the market with even more profitable growth potential. 

Some of the key takeaways from the report are:

  • The expansion of plant-based food industry will support the growth of the vegan cheese market. With the demand for plant-based alternative rising, the market is likely to report impressive growth through the course of the forecast period.
  • In terms of distribution channel, the vegan cheese market is broadly categorized into direct and indirect sales channels. Of these, the indirect sales segment holds dominant vegan cheese market share.
  • Among indirect sales segments, convenience store is likely to emerge as the most attractive segment.
  • Among product types available in the market, the demand for mozzarella vegan cheese is expected to remain high owing to its versatility of use in different recipes.
  • On the basis of source, the almond milk segment is forecast to witness highest growth.

Rising Incidence of Lactose Intolerance to Fuel Demand for Vegan Cheese

A considerably large section of population around the world is lactose intolerant. People with lactose intolerance can rarely enjoy delicacies prepared with milk or milk-derived ingredients. It is due to this that the demand for vegan cheese is on a rise. Vegan cheese is a plant-based dairy alternative, particularly suitable for those suffering from lactose intolerance. Against this backdrop, an increasing number of hotels, restaurants, and cafes have started introducing vegan cheese in their menu to attract consumers who prefer vegan diets and those who are lactose intolerant.

Increasing Disposable Income of Consumers Supports their Purchase Decision

In the last couple of years, consumers’ willingness to spend on exotic and humane plant-based diet has greatly increased. In addition to this, a stable increase in the demand for novel food alternatives is noticed. They are motivated by various advertisements and campaigns to obtain essential nutrients from plant-based alternatives, and this decision is supported to an extent by their increasing disposable income.

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Who is winning

Despite witnessing impressive growth opportunities, lack of awareness is a key factor limiting the market’s expansion in developing and underdeveloped regions. As a result of this, conventional dairy products continue to remain popular in several potentially lucrative markets. This is a chief factor restraining the market’s expansion.

Nonetheless, the market players are likely to overcome this challenge as they invest in marketing strategies besides innovating healthier and more cost-effective vegan cheese. Also, concerns pertaining to animal welfare is expected to tip scale in favour of veganism, in turn bolstering growth opportunities for the vegan cheese market.

Some of the leading players operating in the vegan cheese market are Daiya Foods, Inc., Follow Your Heart, Go Veggie, Parmela Creamery, Kinda Co., Bute Island Foods Ltd., Vtopian Artisan Cheeses, Kite Hill, Miyoko’s Kitchen, Vermont Farmstead, and Good Planet Foods.

Market Segments Covered in Vegan Cheese Market Analysis

Product Type

  • Mozzarella
  • Parmesan
  • Cheddar
  • Cream Cheese
  • Ricotta
  • Others

Form

  • Shreds
  • Blocks and Wedges
  • Slices

Source

  • Almond Milk
  • Soy Milk
  • Coconut Milk
  • Cashew Milk
  • Others

End-Use

  • Food Processing
  • Baked Goods
  • Sauces, Dips and Dressings
  • Snacks
  • Processed and Packed Foods
  • Ready Meals
  • Dairy and Desserts
  • Food Service/HoReCa (Hotels, Restaurant, Cafes)
  • Household/Retail

Nature

  • Conventional
  • Organic

Sales Channel

  • Direct Sales
  • Indirect Sales
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Speciality Retail Stores
  • Traditional Grocery Stores
  • Online Retailers

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Frequently Asked Questions

  • How much is the current worth of the vegan cheese market?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is the demand outlook forecast for the vegan cheese market?
  • Who are the top 5 players operating in the market?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for vegan cheese?
  • What outlook does Europe provide?
  • At what rate will the U.S. vegan cheese market grow?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

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T: +1-845-579-5705

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Cocoa Butter Market Potential growth, attractive valuation make it is a long-term investment by 2032

The cocoa butter market is expected to expand at a mild CAGR of 4.1% during the forecast period. The cocoa butter market was valued at US$ 6700 million in 2021. The market is expected to be valued at US$ 10201.8 million in 2032, and as on 2022 the market valuation is US$ 8548.6 million.

The rising demand for better texture and appearance of chocolates besides their flavor will create a conducive environment for the growth. Some of the leading cocoa butter processors are emphasizing on strengthening their trade relations with countries exporting cocoa beans.

“In terms of key market strategies, industrial manufacturers of cocoa butter are focusing on strengthening their trade relations with major cocoa producing countries. Other manufacturers are focusing on expanding their presence in the Asian regions, especially in regions such as ASEAN through facility and product portfolio expansion”- Principal Analyst, Food and Beverages, Future Market Insights

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Key Push Factors Driving Cocoa Butter Market Sales Growth Globally

  • Growing demand for chocolate in dairy, frozen desserts and bakery, is expected to pave lucrative opportunities. Novelty products in the confectionery segment have triggered the demand for cocoa butter. Premium and novel cocoa products are expect to tighten their grip over the food industry in developed regions.
  • Given the high competition in cocoa market, demand for high quality texturing agents is expected to flourish, thereby translating into premiumization of cocoa butter, to suit the consumer demands.
  • Emerging substitutes including cocoa butter equivalents (CBE) are not likely to replace cocoa butter, owing to its unfulfilling taste and texture compared to the conventional cocoa butter.

Regional Outlook: New Opportunities Spotted in APEJ and Eastern Europe

  • Asian nations including Indonesia, Malaysia, India and China are projected to offer lucrative growth opportunities for cocoa butter manufacturers. Falling cocoa butter prices have encouraged confectioners to develop new products due to affordability in Asia Pacific along with Easter Europe. One such key development includes, Cargill Inc expanding its cocoa products portfolio investment in India.
  • Countries like Indonesia, Viet Nam and Malaysia are embracing the growth in the processing activities of cocoa beans and have emerged as potential pockets of opportunities in the Asian region for the cocoa butter market.
  • In Eastern Europe, the cocoa butter consumption is on the rise in regions such as Turkey and Poland. These countries are expected to register significant growth over the forecast period. The confectionery segment is expected to register 1.9x growth in terms of value over the forecast period.
  • In North America, shift toward naturally aromatic ingredients and organic and clean-label products will translate into promising growth of natural cocoa butter—with highest adoption in the frozen desserts segment.
  • In Western Europe, Germany accounts for almost 30% market share in the cocoa butter market. On the other hand, Switzerland is expected to remain one of the major consumers of cocoa butter due to its large capacity of chocolate production.

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Key Insights from the Segmentation Analysis of the Cocoa Butter Market

  • Deodorized cocoa butter is expected to witness significant demand in the cosmetic and personal care industries.
  • In terms of nature of cocoa butter, the clean-label trend will remain a key push factor for organic confectionery products- specifically in developed regions.
  • Blocks and powder, in short solid form, is an ideal choice of product form preferred by industrial manufacturers. Ease of transportation and storage, will work in the favor of block form cocoa butter—registering high growth in terms of value and volume. In APEJ, the powder segment is expected to register 2.2x growth in terms of value over the forecast period.

Cocoa Butter Market by Category

By Product Type:

  • Natural
  • Deodorized
  • Semi-deodorized

By Nature:

  • Organic
  • Conventional

By Product Form:

  • Blocks
  • Powder
  • Liquid

By End Use:

  • Food & Beverage Industry
    • Confectionery
    • Bakery
    • Frozen Desserts
    • Nutritional Drinks
    • Others
  • Pharmaceuticals
  • Personal Care & Cosmetics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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Frequently Asked Questions

  • What is the cocoa butter market size?
  • At what rate did the demand for cocoa butter grow between 2020 and 2021?
  • What is the sales outlook for cocoa butter?
  • Who are the top players in the cocoa butter market and what is their market share?
  • What is the growth outlook for North America cocoa butter market?
  • At what rate will sales of cocoa butter grow in Europe?
  • What are the key trends shaping the cocoa butter market?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Aloe Vera Gel Market Covering Gross Margin, Market Share and Revenue from 2022-2032

The global aloe vera gel market is estimated at USD 337.7 Mn in 2022 and is projected to reach USD 712.3 Mn by 2032, at a CAGR of 7.8% from 2022 to 2032. Globally, the market is estimated to create an absolute $ opportunity of about USD 374.6 Mn by 2032.

Aloe vera is popular worldwide due to the medicinal, herbal, and remedial properties it possesses. The aloe vera plant is a species of the Liliacea family, and is majorly grown in tropical regions such as the United States, Mexico, China, India, Korea, and others. Aloe vera gel is derived from the inner leaf of the plant, and comprises majorly of water content and minerals, hormones, enzymes, vitamins, amino acids, and sugars in small amount. Aloe vera gel offers a wide range of benefits, owing to its diverse beneficial properties and applications in several industries, such as cosmetics, healthcare, personal care, baby care, food and beverages, and others.

There are immense opportunities for market participants in the aloe vera gel market, owing to the enormous use of aloe vera gel as a dietary supplement as an ingredient in the cosmetic industry for the removal of acne, revitalizing skin, smoothing the skin and hair, for skin treatments, and more. Aloe vera gel is also used for juices and as a food ingredient for providing additional nutritional supplement and instant energy.

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Growing Focus on Product Promotion through Various Consumer Platforms Surging the Demand for Aloe Vera Gel

In recent years, the number of health and fitness shows and events has increased, worldwide, which, in turn, is driving the growth of the aloe vera gel market. Aloe vera gel product manufacturers are focused on targeting these shows for product promotions. Moreover, aloe vera gel manufacturers are also laying emphasis on increasing brand visibility through various promotional events. The promotion of aloe vera gel drinks in direct selling channels is also helping foster revenue growth and awareness.

The advertising of natural ingredient-based products in magazines, TV lineups, and newspapers is increasing consumer awareness about the potential benefits of aloe vera gel.

North America to Dominate the Global Aloe Vera Gel Market

The North American region is estimated to account for around 44.5% of the market share for aloe vera gel in 2018 by value, with the U.S. having the highest share in the region, with an estimated value share of 90%, and the projected aloe vera gel market value to be US$ 100.9 Mn in 2018. In addition, the APAC region also is estimated to showcase prominent growth in the aloe vera gel market during the forecast period, with a CAGR of 8.8% by value, owing to growing urbanization, increase in the disposable income of consumers, high millennial population, and changing lifestyle and food & beverage preferences.

e-Commerce One of the Fastest Growing Distribution Channels in the Aloe Vera Gel Market

The fastest-growing distribution channel in the aloe vera gel market during the forecast period is projected to be e-Commerce platforms, which is estimated to grow at a CAGR of 10.4%, with a BPS of 436, owing to technological and digital advancements, and increase in the number of consumers, especially the millennial population using smartphones and other digital mediums to buy various food and beverages, cosmetics, homecare, and grocery products with just a click while sitting at their places.

Global Aloe Vera Gel Market: Competition Dashboard

FMI has profiled some of the prominent market participants in the global aloe vera gel market identified across the value chain, such as Terry Laboratories, Inc., Aloe Laboratories, Inc., Lily of the Desert, Patanjali Ayurved Ltd., Aloecorp, Inc., Pharmachem Laboratories, Inc., L’Oréal S.A., Herbalife International, Inc., Aloe Farms, Inc., Natural Aloe De Costa Rica, S.A, Foodchem International Corporation, Real Aloe Solutions Inc., Now Health Group, Inc., Aroma Treasures, Fruit of the Earth, Inc., Nature’s Essence Pvt. Ltd., Forever Living Products International, Inc., and a Improve USA, Inc., among others.

Market Segmentation

Following are the major segments in the aloe vera gel market:

Aloe Vera Gel Market by Nature

  • Organic Aloe Vera Gel
  • Conventional Aloe Vera Gel

Aloe Vera Gel Market by End Use

  • Hair Care
  • Skincare
  • Toiletries
  • Baby Care
  • Healthcare
  • Food and Beverages
  • Other End Uses

Aloe Vera Gel Market by Distribution Channel

  • Direct
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Pharmacy Stores
  • Convenience Stores
  • Online Retail
  • Others

Aloe Vera Gel Market by Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APAC
  • Middle East & Africa

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Key Questions Answered in the Report

  • What is the size of aloe vera gel market?

In 2021, aloe vera gel market is valued at US$ 315 Mn, and expected to grow at 7.8 % CAGR.

  • Which are the leading companies in aloe vera gel market?

The major players in the global aloe vera gel market are Terry Laboratories, Inc., Aloe Laboratories, Inc., Lily of the Desert, Inc., Inc., Aloe Farms, Inc., Natural Aloe De Costa Rica, S.A, Real Aloe Solutions Inc., Now Health Group, Inc., Aroma Treasures, Forever Living Products International, Inc., and a Improve USA Inc.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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According to FMI, the water clarifier market is expected to reach US$11,854.3 million by 2032

The market for water clarifiers generates revenue valued at US$ 6,980.2 Mn in 2022 and is anticipated to reach US$ 11,854.3 Mn by 2032, with an estimated CAGR of 5.4 percent in the global market during the forecast period.

Due to their high structural strength, high volume-to-area ratio, ease of sludge removal, and ability to maintain heat level, water clarifiers are expected to see an increase in demand. However, it is anticipated that the high installation costs for water clarifiers will restrain market expansion.

In contrast, manufacturers who enhance product features by tailoring them to meet the needs of particular applications demanded by businesses present a lucrative opportunity for the market share of water clarifiers.

The use of water clarifiers will probably lessen the amount of suspended solids that are removed from fluid for lighting and bio-mass with sewage. Additionally, the booming economies and rapid urbanisation in agricultural countries increase the demand for efficient water, which expands the market.

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The growing trend toward zero fluid release (ZLD), which aims to reduce the ecological impact of wastewater removal, is expected to accelerate market expansion. Similar to how a larger surface area of the contact between air and liquid has led to a more effective clarification process, rectangular water clarifiers are becoming more and more popular.

Players in the market are implementing cutting-edge robotic automation and artificial intelligence technologies, which are predicted to boost product demand. The fiber-reinforced plastic versions incorporated into water clarifiers also lower maintenance costs and extend product life.

Key market participants of the water clarifiers market:

  • SUEZ Group – They deliver reliable and wastewater solutions to local authorities to ensure that the citizens of India get access to safe drinking water.
  • Pentair plc – They new solutions and technologies for their customers; continuously improving operations, supporting teams and communities, and putting their mission in motion through philanthropic and corporate responsibility initiatives.
  • Veolia Water Technologies – They are a subsidiary of the Veolia group and the leading specialist in water treatment. Their teams design and deliver drinking water or wastewater treatment plants as well as smaller standardized water treatment equipment for industrial or municipal customers.
  • Evoqua Water Technologies LLC – They are a provider of water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers.
  • Aquatech International Corporation – They are a global leader in water purification technology for industrial and infrastructure markets with a focus on desalination, water recycle and reuse, and zero liquid discharge (ZLD).

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Other market players of the water clarifiers market:

  • Murugappa Organo Water Solutions Limited (MOWS)
  • Hydro International
  • Monroe Environmental Corp.
  • Envirodyne Systems Inc.
  • WesTech Engineering Inc.
  • Parkson Corporation Clearwater Industries Inc.
  • SNF Floerger
  • Kemira OYJ
  • BASF SE
  • Ecolab Inc.
  • Solenis LLC
  • Buckman Laboratories Inc.
  • Feralco AB
  • Ixom Operations Pty Ltd.
  • Kurita Water Industries Ltd.

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Key Segments Profiled In The Water Clarifiers Market Survey

By Design:

  • Circular Water Clarifiers
  • Rectangular Water Clarifiers

By Material Type:

  • Carbon Steel
  • Stainless Steel
  • Fibre-Reinforced Plastic

By Application:

  • Pre-Treatment
  • Portable Water Treatment
  • Waste Water Treatment
  • Mining

By End User:

  • Municipal
  • Industrial
  • Paper & Pulp Industry
  • Food & Beverage Industry
  • Oil & Gas Industry
  • Iron & Steel
  • Chemical & Fertilizer
  • Mining & Mineral
  • Power Industry

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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Some of the recent developments in the water clarifiers market are:

  • In January 2020, Evoqua Technologies, along with Nittany Engineering & Associates and sales partner Riordan Materials Corporation, completed the upgradation work at Bellefonte Borough Authority (BBA) Wastewater Treatment Plant. The upgradation work included the addition of new clarifiers and a jet aeration system for the activated sludge system.
  • In January 2020, due to decommissioning of East Royaltys sewage lagoon coupled with increased flow coming into Charlottetown’s wastewater treatment plant, Water and Sewer Utility committee have handed over a contract to CBCL Ltd. to carry out the upgradation of the plant. The upgradation involves the replacement of primary clarifiers as the previously installed clarifiers were in 1970 and fall short in operation while handling the increased flow.

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                                        

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/water-clarifiers-market
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