Non-alcoholic Malt Beverages Market Stakeholders With Covid-19 Impact Analysis and Segments Forecast 2022-2028

The global non-alcoholic malt beverages market size is expected to reach US$ 37,209.8 Mn by the end of 2028. According to a study by Future Market Insights (FMI), titled “Non-alcoholic Malt Beverages Market: Global Industry Analysis 2013-2017 and Opportunity Assessment, 2018-2028,” the market will show a steady rise at 4% CAGR between 2019 and 2028.

According to the report, the rising demand for healthier options in non-alcoholic beverages will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

With time a larger section of consumers are realizing the benefits of non-alcoholic beverages. This paradigm shift from alcoholic beverages to dairy-based alternatives or carbonated soda drinks is attributable partly to product innovations brought about by leading brands.

As consumers get more health conscious, leading companies are compelled to offer healthier alternative to their favorite food and drink. Given the scenario, the market for non-alcoholic malt beverages is expected to expand in the coming years, especially with them gaining popularity in regions such as the Middle East.

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It includes in-depth insights into the non-alcoholic malt beverages market. Some of these are:

  • The estimated value of the market was at US$ 25,224.1 Mn in 2018. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, Asia Pacific excluding Japan emerged as a key market for non-alcoholic malt beverages.
  • Western Europe and North America will remain steady as key markets for non-alcoholic malt beverages.
  • The Asia Pacific market is also expected to show growth at the highest rate over the forecast period.
  • Key players are likely to focus on product innovations to stay relevant in developed markets.

Presence of a Thriving Food and Beverages Industry Supports Growth in Developing Regions

Rising production and demand for food ingredients has considerably aided the market’s expansion across emerging nations. For instance, the food market in China is forecast to surge exponentially, creating growth opportunities for the non-alcoholic malt beverages market. While non-alcoholic malt drinks market is considered a niche segment, experts haven’t failed to notice high-volume offering of the category. A non-alcoholic malt beverage contains significantly lesser amount of calories than carbonated drinks, which is aiding their fast penetration into emerging markets. Producers in this category generally target people who refrain from consuming alcohol.

Impelled by prevailing scenario, several leading companies are gearing to launch options in the alcohol free category. For instance, consumer demand led United Breweries to launch Heineken 0.0, to cater to the segment of health-conscious consumers.

Rapid Urbanization Influences Purchase-decision of Consumers

Rapid urbanization has had a major influence on consumer choices. At a time when consumers are increasingly driven by prevailing trends, non-alcoholic malt beverages sale is expected to pick up. Besides this, rising health consciousness among consumers is likely to boost sales of non-alcoholic beer and other beverages. Also the demand for convenient food is rising in response to hectic lifestyle of people around the world. This is a key factor that is expected to drive the non-alcoholic malt beverages market.

In addition to this, consumers are willing to pay higher for products that help them market a statement of higher living standard. This as per experts is one of the key reasons behind the scaling popularity of non-alcoholic malt beverages. According to the report, the demand for non-alcoholic drinks will considerably rise in Asia Pacific excluding Japan and MEA. Westernization, in addition to rising disposable income, will encourage consumers to spend on non-alcoholic beverages.

“Developed regions such as North America and Western Europe already exhibit high demand for non-alcoholic drinks and beverages. Leading companies are currently focusing on flavour launches to suit consumers’ palates in these regions,” said a lead analyst at FMI.

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Who is winning?

Some of the leading players operating in the global non-alcoholic malt beverages market are Van Pur S.A., Nestlé S.A., Gujarat Cooperative Milk Marketing Federation Ltd., CHI Ltd., Royal Unibrew A/S, United Dutch Breweries B.V., Aujan Industries Co., L.L.C., Harboes Bryggeri A/S, Asahi Breweries Ltd., among others.

With competition from alternatives soaring high, non-alcoholic malt beverage manufacturers are seeking out diverse strategies not only to stay relevant but gain a competitive edge. As a result of this, leading players are focusing on product innovation and positioning strategies to build a strong brand image. In addition to this, they are strengthening their research and development capabilities to innovate products to attract consumers.

NON-ALCOHOLIC MALT BEVERAGES MARKET TAXONOMY

The report segments the global non-alcoholic malt beverages market in detail to present an executive-level blueprint to the reader

Product

  • Dairy-based
  • Carbonated & Soda Drinks

Distribution Channel

  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Discount Stores
  • Specialty Stores

Packaging

  • Bottles
  • Cans
  • Liquid Cartons

Flavor Type

  • Classic/ Natural
  • Apple
  • Peach
  • Citrus
  • Berries
  • Pomegranate
  • Mixed Fruit
  • Coffee/ Cocoa
  • Others

Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • Japan
  • MEA

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FREQUENTLY ASKED QUESTIONS ABOUT NON-ALCOHOLIC MALT BEVERAGES MARKET

  • What drives non-alcoholic malt beverages market?

Rising health consciousness among consumers, coupled with innovations launched by leading companies, will boost the non-alcoholic malt beverages market. The market is also expected to gain from the increasing spending power of consumers.

  • Which type of non-alcoholic malt beverage is more popular among consumers?

Consumers exhibit a higher demand for carbonated and soda drinks. However in the coming years the demand for dairy-based beverages will rise at a higher rate.

  • Which flavour of non-alcoholic malt beverages appeals most to consumers?

While consumers currently show inclination for classic flavours, in the coming years the demand for apple and berries flavoured non-alcoholic malt beverages is expected to rise.

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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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Bakery Enzymes Market Dynamic Innovation: Business Insights and Forecast Analysis Report 2022-2031

The sales of bakery enzymes are estimated to be valued at US$ 883.7 Mn in 2021. As per Future Market Insights (FMI), the overall bakery enzymes market value is expected to reach US$ 1,452.3 Mn by 2031, rising at a CAGR of 5.1% for 2021-31.

Sales of bakery enzyme will represent 1.5% to 2.5% of the overall demand in the global enzyme market. The key manufacturers operating in the global market realigning their strategies as consumers shift towards a healthier lifestyles and the growing popularity of artisanal baked goods propelling the growth of bakery enzyme. 

Accounting for half of the total sales of bakery enzymes, carbohydrase continues to witness higher demand as compared to protease and lipase. In recent years, the rise of convenience, on-the-go, and better-for-you trends resulted in increased demand for innovative yet healthy food ingredients, thereby potentially raising sales of carbohydrase.

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This can be attributed to plant-based origin of carbohydrase, in addition to extending shelf-life of breads and cakes and helping in digesting certain types of carbs. As bakers are on the journey of producing goods that appeal to growing number of health-conscious consumers, market players are also focusing on capitalizing on protease and lipase.

Key Takeaways – Bakery Enzymes Market Study

  • Food preparations such as pizza, burgers, sandwiches, and other similar fast food products are in high demand, which offers a notable boost to break making industry. This subsequently creates lucrative growth prospects for the bakery enzymes market.
  • In line with surging demand for high-quality bread products, the use of additives such as emulsifiers, and enzymes is on a constant rise, for dough stability, improved texture, desired volume, and extended shelf life.
  • Growing popularity of chemical-free, clean label products is another important trend favoring growth of bakery enzymes market.

Unlike the accelerating costs of emulsifiers, which are also among the most widely used bakery products ingredients, the costs of bakery enzymes have been relatively stable. This cost stability will continue to augur well for the sales of bakery enzymes in future as well.

Which Are the Key Market Growth Limiting Factors?

Despite witnessing lucrative growth opportunities, the bakery enzymes market is restrained by a few challenges. For instance, fluctuations in pH and temperatures pose threat to the market. For instance, increasing in temperature can increase the overall rate at which enzyme- catalyzed reactions take place. In addition to this, safety concerns pertaining to handling bakery enzymes may restrain the growth of bakery enzymes market during the period of projection.

Market Segments Covered in Bakery Enzymes Industry Analysis

By Product Type:

  • Carbohydrase
  • Protease
  • Lipase
  • Others

By Application:

  • Breads
  • Cakes & Pastries
  • Cookies & Biscuits

By Form:

  • Powder
  • Liquid

Region:

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

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FREQUENTLY ASKED QUESTIONS ABOUT BAKERY ENZYMES MARKET

  • What are the major factors that would prominently assist the bakery enzymes market growth?

Increasing consumer inclination towards ready-to-eat and packaged food, further complemented by rise in awareness about health and wellness, continues to fuel an upsurge in consumption of bakery enzymes.

  • How will the bakery enzyme sales progress over the period of next decade?

An increase in the stringent regulation enforced by governments regarding clean-label and eco-friendly products continues to spur the demand for various bakery enzymes. This will predominantly drive sales of bakery enzymes at a CAGR of 5.8% over the projection period 2019 – 2029.

  • Which is the most preferred bakery enzyme in the global market?

Carbohydrase contributes a lion’s share to the growing size of the bakery enzyme market. It would continue to see significant uptake, as it possesses high thermal stability suitable for bakery products. Lipase has also been witnessing rise in demand.

  • How is bread making industry influencing bakery enzymes consumption pattern?

In line with consumer inclination towards high-quality and innovative bread products, the bread making industry is observing significant growth over the recent past. Bakery enzymes are thus witnessing a rapid change in consumption pattern, as they are responsible for improved dough handling and a rich texture.

  • Which are the major factors that are pulling the bakery enzyme demand?

A sizeable consumer population is allergic to bakery enzymes, if used in excess. Moreover, a measurable chunk of bakery consumers refrains from buying products that contain microorganisms-based bakery enzymes. These factors will continue to restrict consumption of bakery enzymes to a large extent.

  • Which region is developing lucrative growth environment for the market?

Over the next 10 years, North America will continue to lead the bakery enzyme market. Additionally, Asia Pacific (excluding Japan) will witness substantial growth owing to favorable government initiatives related to adoption of baked products that contain bakery enzymes.

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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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Plant-based Beverages Market | Competitive Insights with Key Driving factors and Top Players by 2032

Newly released data from the plant-based beverages market analyzed by FMI estimates that the market enjoyed year-on-year (YoY) growth of 7.4% in 2022 to a total of 111,701,810 Litres in 2022. The market is expected to witness a prominent growth rate of a CAGR of 6.7% to reach the value of US$ 506,534.7 Mn in 2032.

The increase in the consumption of plant-based beverages, which has multiplied many times in the recent time period, is one of the primary drivers for the rise in demand for the product. Plant-based diets, veganism, and vegetarianism are the key drivers of this shift.

Plant-based beverages have been steadily growing in this fast-paced environment, but it has only recently gained notoriety due to a rise in flexitarianism acceptance. One-third of customers in the US and Europe now consider themselves flexitarians, as they want to add to their diet rather than restrict it. As a result, sales of plant-based beverages will increase.

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Rising Awareness Pertaining to Health and Wellness among Consumers to Aid Growth

Concerns among consumers pertaining to food safety have skyrocketed. Recent incidents of food recalls and health hazards caused due to chemical additives used in food products have caused damage to consumer trust. However, manufacturers of the plant-based beverages are likely to gain against this backdrop. There is an evident rise in demand for foods and beverages derived from natural sources. In addition to this, economic uptick and increasing consumer spending on premium brands are aiding the expansion of the plant-based beverages market.

High Cost of Processing May Hinder Growth

On the downside, the cost incurred on processing plant-based beverages may hamper their sales average. Critics note that large investment in processing is particularly valid in case of plant-based dairy alternatives, because they often need oil, fats, and added nutrients in large quantities to replicate their taste of their animal-based counterparts. However, this limitation can be mitigated if manufacturers discover ways of limiting the resources and money spent on processing.

Who is Winning?

Some of the leading players operating in the plant-based beverages market are The Coca-Cola Company, The Hain Celestial Group, Inc., SunOpta Inc., PepsiCo, Inc., Dr Pepper Snapple Group, Inc., Del Monte Pacific Limited, Pacific Foods of Oregon, Inc., Döhler GmbH, Califia Farms LP, Good Karma Foods, Inc., The WhiteWave Foods Company, Ripple Foods, PBC, Koia, and Harmless Harvest Inc.

As a result of increasing competition, plant-based beverage manufacturers are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

  • For instance, The Hain Celestial Group, Inc. entered into an agreement with Rosetto Foods in 2017 to establish a joint venture. Through this, the company intended to expand its product portfolio.
  • In 2018 The Coca-Cola Company acquired Unilever’s AdeS plant-based beverage business to expand its portfolio consisting of functional drinks.

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Market Segments Covered in Plant-based beverages Industry Analysis

By Source

  • Dairy Alternatives
    • Almond Milk
    • Soy Milk
    • Coconut Milk
    • Rice Milk
    • Oats Milk
    • Seed Milk
    • Cashew Milk
    • Others
  • RTD Drinks
    • Coffee
    • Tea
  • Plant-Based Juices
    • Fruit
    • Vegetable

By Nature

  • Organic
  • Conventional

By Format

  • Regular
  • Flavored

By Packaging

  • Glass Bottles
  • Plastic Bottles & Pouches
  • Carton Packaging
  • Cans

 By Sales Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Independent Small Groceries
  • Speciality Stores
  • Online Retailers

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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Key Questions Answered in the Report

  • How much is the plant-based beverages market current worth?

Plant-based beverages market size is worth more than US$ 266,161.8 Mn.

  • At what CAGR is the market expected to grow?

Plant-based beverages consumption is expected to grow at a CAGR of around 6.7% during the period 2022-2032

  • How was the performance in the last five years?

In terms of revenue, plant-based beverages grew at a CAGR of around 5.2% during 2017-2021.

  • What are the key trends boosting plant-based beverages sales?

Plant-based beverages are gaining traction due to the rising demand for non-dairy nutritious beverages in various parts of the world. Increasing demand for healthy ready-to-drink products along with plant-based juices are other factors for the growth of the market.

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

Market companies are choosing to aim at research and development, consolidation of distribution channels in emerging countries, new product introductions to stay a noticeable player in the global market.

  • How much share do the top 20 companies hold?

The top 20 producers of plant-based beverages hold around 45-50% of the market share.

  • Which are the major countries driving demand for the plant-based beverages market?

China, the US, India, Brazil, and Mexico are the major countries driving demand for plant-based beverages.

  • At what level does the report reflect pricing analysis?

The report presents a detailed cost analysis of plant-based beverages based on source i.e. dairy alternatives, RTD drinks, and plant-based juices.

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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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Know in Details about Oats Market Trends, Overview, Competitive Breakdown and Regional Forecast to 2032

The global oats market is estimated at USD 6.1 Bn in 2022 and is projected to reach USD 10.8 Bn by 2032, at a CAGR of 5.9% from 2022 to 2032.

Globally, the market is estimated to create an absolute $ opportunity of about USD 4.7 Bn by 2032. The property of oats is to provide a complete meal without the requirement of any additional ingredient which makes it the most popular grain among the others. This factor can be attributed for the escalating growth of the oats market across different regions, mainly APAC.

The incorporation of oats in the food industry is mainly due to the increasing market penetration of breakfast cereal products. The abundance of nutrients, particularly the dietary fiber content of oats, accompanied with the rising health consciousness of people, is one of the key factors driving the global oats market. Apart from being a very healthy option for meals, oats contribute equally well for maintaining hair and skin health. The increasing consumption of convenience food and on-the-go food products also exhibits a positive impact on the oats market.

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The growing economy is expected to exhibit a substantial growth over the retail chains across the globe. This, in turn, facilitates the demand for oats and oat products. Due to the preference of cereal products, retail chains are coming up with innovative types of oats and oat-based products accompanied by captivating advertisements, thus evoking a sense of authenticity to buy their products. Leading brands are continuously gaining traction by launching premium range of oat products, creating a long-term growth opportunity all over the globe.

Moreover, the growing fast-paced lifestyle of people has led to the increasing demand for portable and conveniently packed food products, thus elevating the demand for ready-to-eat oat products. These factors have led to an increasing penetration of established players by ensuring a highly competitive market scenario for oats and oat products, and fortifying the overall growth of the oats market over the forecast period.

Growing Demand for Food, Globally

With the increasing rate of world population and healthier economic conditions, there will be more mouths to feed and more plates to fill. The changing trend of food and beverage consumption is likely to impact the transition of oats and oat-based products for the middle class, which, in turn, is expected to increase the demand for oats in the preparation of cereal products. Also, per capita expenditure on food and beverages by the global population has witnessed a significant increase over the years. The key reason behind this is increasing health consciousness among consumers, as oats are among the most preferred alternatives, not only for breakfast but also for snacks, due to the better appetite fullness promotion behavior of oats. This increasing per capita expenditure is also expected to support the growth of the oats market.

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Key Segments Covered

Global Oats Market – By Product Type

  • Oat Groats
  • Whole Oats
  • Steel Cut Oats
  • Rolled Oats
  • Oats flour

Global Oats Market – By End Use

  • Breakfast Cereals
  • Bakery Products
  • Snacks & Savories
  • Others

Global Oats Market – By Distribution

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail
  • Others

Global Oats Market – By Region

  • North America
  • Mexico
  • Latin America
  • Germany
  • U.K.
  • Western Europe
  • Eastern Europe
  • Australia & New Zealand
  • APAC
  • MEA

Increasing Urbanization Across the Globe

Owing to employment prospects, the migration of working population to tier-1 cities is expected to witness a significant increase over the forecast period, causing a major rise in the urbanization trend across the globe. Moreover, the contribution of growing economies is also expected to bolster the demand for oats over the forecast period. This increasing urbanization supported by the rising economy is expected to contribute significantly towards driving the oats market.

Key Producers of Oats

Some of the major companies operating in the oats market space are Nestlé S.A., Quaker Oats Company, The Kellogg Company, General Mills, Inc., Pioneer Foods Ltd., The Hain Celestial Group, Inc., Marico Limited, B&G Foods, Inc., Post Holdings, Inc., Grain Millers, Inc., Bob’s Red Mill Natural Foods, Inc., Richardson International Limited, Bagrry’s India Ltd, Nature’s Path Foods, NOW Health Group, Inc., Helsinki Mills Ltd., Morning Foods Limited, Avena Foods Limited, Blue Lake Milling Pty Ltd. (CHB Group), and Unigrain Pty Ltd, among other oat manufacturers.

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Frequently Asked Questions

  • How much is the current worth of the oats market?
  • At what CAGR is the oats market expected to grow?
  • How was the performance in the last few years?
  • How are market players reacting to the new developments in the market?
  • How much share does the top 10 companies hold?
  • Which are the major countries driving demand for oats?
  • At what level does the report reflect pricing analysis?

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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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Water Softener Market Earnings Margins, Value Of Production and Consumption Demand Figures 2022-2027

Water softener is primary filtration units used for conversion of hard water to soft water. The water softeners eliminate calcium and magnesium present in the water by chemical and physical methods in a controlled way to reduce the ill effects of the hard water over the end-use application. The hard water is converted into soft water by different processes such as ion exchange, distillation, and reverse osmosis. The ion exchange method is the most effective way of softening hard water but requires higher resources to per unit soft water output over other techniques.
The water softener market is mainly based on the regions of hard water presence. The global water softener market is expected to be dominated by North America resulted in large population present in the hard water affected region. The household segment is expected to see a high demand over the forecast period owing to the penetration of the same into the developing regions. 
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Water Softener Market: 
Segmentation: The water softener market is segmented on the basis of type, process, and end-use.On the basis of type, the water softener market is segmented into electric and manual. The electric segment is expected to dominate the global water softener market owing to its higher efficiency and added functionalities. The manual segment is expected to see substantial demand in the low-income regions owing to its lower price than electric water softener segment. 

On the basis of process, the water softener market is segmented into ion exchange, distillation, and reverse osmosis. The ion exchange segment is expected to dominate the global water softener market owing to its higher efficiency. The reverse osmosis segment is expected to see healthy growth owing to its competitive pricing and lesser resource requirement per unit output making a sustainable option in residential hard water treatment.

On the basis of end-use, the water softener market is segmented into residential, commercial and industrial. The residential segment is expected to dominate in terms of volume share over the forecast period owing to its larger consumer base. The higher price point of the commercial water softener is expected to witness substantial value share over the global water softener market.

Water Softener Market: Region-wise Outlook: 

The Asia Pacific is expected to see faster growth rate over the forecast period owing to its rapidly increasing population in urban cities which is turning groundwater hard rapidly. The Latin America region is expected to also capture a substantial share over the forecast period. North America and Europe to witness steady growth rates owing to its market maturity level. The Middle East and Africa to also witness healthy growth rates owing to increasing HoReCa sector and urbanization.

Water Softener Market: Drivers and Restraints: 

The global water softener market is expected to be driven by the increasing awareness over the ill effect of hard water on regular usages. The internet of things has let open new geographies for water softener market in developing regions. With regular investment into research and development of water softener technology manufacturers have produced more efficient and less resource consuming water softeners. This is anticipated to increase demand for residential water softener kits, globally. The increasing population in the urban arrangements hasincreased water stress leading to the increased hardness of the groundwater which is expected to increase demand for water softeners in such regions over the forecast period.

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Water Softener Market: Key Players: 

The global player for the Water softener market are Culligan International Company, Fleck Systems, GE Appliances (Hair Co.), Morton (K+S Group), NuvoH20, LLC. , Watercare Softeners Ltd., and Kinetico UK Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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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Bagasse Tableware Products Market Sales is Expanding by Demand for Food and Catering Industry

The bagasse tableware products market revenue is expected to register y-o-y growth of 4.3% and reach US$ 1.95 Bn in 2021. This demand for bagasse tableware products will accelerate with top-tier players holding 25% to 30% of the total sales of bagasse tableware products.Future Market Insights (FMI) has forecast the global bagasse tableware products market to total US$ 3.75 Bn by 2031, expanding at 6.8% CAGR between 2021 and 2031.

Plastic and Styrofoam are the cheapest and most readily available packaging materials, but they are not nature-friendly. Bagasse is one of the most eco-friendly options used in making various food packaging and serving products.

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Key Takeaways from Bagasse Tableware Products Market

  • By product type, the plates segment is expected to hold market share of around 42% by 2031.
  • Based on application, demand in the food segment will account for 89% of sales in the market by 2031.
  • By sales channel, the direct sales segment is projected account for over 66% market share by 2031.
  • Bagasse tableware products are used widely for commercial, institutional, and household sectors. The commercial use segment is expected to create an incremental opportunity of US$ 1.7 Bn during the forecast period.
  • The East Asia region is expected to be highly lucrative, while South Asia is projected to outpace other regions exhibiting ~8% CAGR during the forecast period. n

“Customized eye-catchy eco-friendly bagasse tableware products made from sugarcane residual are becoming increasingly popular for use in institution, commercial, and household sectors. Besides this, growth in quick-service restaurants, mobile food vendors, online food ordering business, and catering services will create attractive prospects for the growth of the market,” says FMI analyst.

Continued Efforts of Manufacturers to Improve the Physical Attributes for Branding to Spur Demand for Bagasse Tableware Products

Bagasse tableware products are in the spotlight due to the rising trend of sustainable living practices. Eco-friendly bagasse tableware products are increasingly replacing products made out of non-biodegradable plastics.

Companies are focusing on introducing innovative and eye-catching designs with new textures and graphics (on-pack promotions) to influence customers to purchase natural, eco-friendly products. Bagasse tableware products are gaining momentum in green-minded cafeterias, the foodservice sector, quick delivery restaurants, and catering services.

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Offering personalized and specialized products according to the customer’s needs is a critical trend in the market. The manufacturers are thus focusing on customizing the product designs as per the consumers’ requirements.

The use of unique customized designs as a billboard space to showcase the logo, messages, and company taglines will enhance the market status of bagasse tableware product manufacturers who offer these services. Using environmentally friendly and sustainable products to improve and enhance the brand image is also a key aim for end users.

The manufacturers strive to improve the product quality by using cutting-edge technology to extend the shelf life and retain the quality and freshness of products for a longer time. They also target innovative product packaging, aesthetic appearance, and overall presentation to attract the customer’s attention. Therefore, to address the growing aspirations of target customers, the manufacturers are offering customized, distinctive, brand identity-based products, which will boost the bagasse tableware products market.

Bagasse Tableware Products Market Landscape

Pactiv Evergreen Inc., Dart Container Corporation, Duni AB, Genpak, LLC, Detpak (Detmold Group), Karat by Lollicup, Vegware US, Eco Products, Inc., Greenweimo, among others are the prominent players in the global bagasse tableware products market. The Tier 1 players in the market hold 25-30% in the global bagasse tableware products market.

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Bagasse Tableware Products Market by Category

By material type:

  • Plates
    • Less than 8 inches
    • 8 inches to 12 inches
    • More than 12 inches
  • Bowls & Containers
    • Less than 12 Oz
    • 12 Oz to 16 Oz
    • More than 16 Oz
  • Cups & Glasses
    • Less than 6 Oz
    • 6 Oz to 12 Oz
    • More than 12 Oz
  • Trays & Clamshell
  • Cutlery (Spoons, etc.)

By application:

  • Food
    • Fruits & Vegetables
    • Processed Food
    • Ready-to-eat meals
    • Soups
    • Others
  • Beverages
    • Carbonated Beverages
    • Non-carbonated Beverages
      • Tea & Coffee
      • Milk Products
      • Juices

By sales channel:

  • Indirect Sales
    • Departmental & Discount Stores
    • Hypermarket/Supermarket
    • Specialty Stores
    • Online Sales
  • Direct Sales

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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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Bean Ingredients Market Segmentation By Product Type, End-User, Vendor Analysis, Top-Vendor Offerings 2022-2027

As the popularity of coffee and cocoa is on the rise, the bean ingredients market is expected to witness an upward growth in the coming years. Addition of bean ingredients makes the confectionery products more palatable. A steady growth trajectory of the confectionery industry is likely to drive the bean ingredients market during the forecast period.
Increasing demand for the coffee-based products including coffee-based bean ingredients is likely to bode well for the bean ingredients market. Further, demand for cocoa-based bean ingredients is growing exponentially with the growing appetite for cocoa flavor. In addition, cocoa-based bean ingredients are the essential ingredients in the chocolates. Rising global popularity of chocolates and a persistent introduction of novel chocolate products are, in turn, expected to propel the coca-based bean ingredients market.
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Consumption of coffee beans for their health benefits is popular for many decades. Studies have explored the functional benefits of green coffee beans and the bean ingredients market has introduced green coffee beans as functional food ingredients. Further, following the ‘natural product’ trend, manufacturers in the bean ingredients market have introduced natural raw coffee bean ingredients for caffeinated beverages and energy drinks. Bean ingredients market is expected to witness a steady demand in the functional ingredients sector in the coming years.
Global Bean Ingredients Market: Market DynamicsThe key factors which drive primarily the growth of the global bean ingredients market are significantly increasing demand for the coffee products along with growing health consciousness among consumers across the globe. The macroeconomic factors which drive the bean ingredients market are rapidly increasing population globally along with emerging countries such as China, Brazil, and India. Rapidly growing the demand for cocoa beans globally leads the beans ingredients market towards high growth over the forecast period.

The technological advancements in bean ingredients products such as allergen free, gluten free and producing eco-friendly products drive the global bean ingredients market over the forecast period. Increase in mergers & acquisitions among key manufacturers & suppliers coupled with high innovation in packaged bean ingredient products are the major factors that help to grow the bean ingredients market with a significant growth rate over the forecast period. The key restraint factor such as high export & import cost in North America and Japan due to low production of bean ingredients hinders the global bean ingredients market to grow over the forecast period.

Global Bean Ingredients Market: Regional Outlook

Based on geographies, the global bean ingredients market is classified into seven regions such as North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Latin America, Japan and the Middle East and Africa. Among above-mentioned regions, North America accounts high market share in the global bean ingredients market over the forecast period, attributed to the high demand for coffee in corporate offices across the region. Western Europe is estimated to account second highest market share due to high consumption of chocolate based products across Germany, U.K., Switzerland and other major countries across the region over the forecast period.

The Asia Pacific excluding Japan is anticipated to showcase a significantly high growth rate in the global bean ingredients market over the forecast period, owing to significant growth in consumption along with rapidly producing bean ingredients in China, India, and Vietnam, etc. across the region. Latin America is predicted to see extensive growth in the global bean ingredients market due to the significantly low price of coffee bean ingredients across the region. Japan is predicted to see a high CAGR in the global bean ingredients market over the forecast period, attribute to high usage of bean ingredients for residential and commercial purposes across the country.

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Global bean ingredients market: Key players

Few key players of the global bean ingredients market are Cargill, Incorporated., Olam International, Archer Daniels Midland Company, MARA GLOBAL FOODS, Faribault Foods, Inc., Globeways Canada, Inc, The Organic Collective Limited, BETTER BEAN COMPANY, Inland Empire Foods, Vermont Bean Crafters and other key bean ingredients market players. Key Manufacturers are focusing on innovation in products to account high market share. For Instances, Olam International, ADM Company, and other producers bring Allergen-free, Gluten-free and organic bean ingredients across the globe.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Global Bean Ingredients Market: Market Segmentation

Global bean ingredients market can be segmented by product type, end-use and distribution channel type and region type.

Based on the product type, global bean ingredients market is classified into followings:

  • Allergen Free
  • Gluten Free
  • Organic
  • Conventional

Based on the end-use type, global bean ingredients market is classified into followings:

  • Coffee-based products
  • Cocoa-based products
  • Residential/Commercial Purpose
  • Processed food production

Based on the distribution channel type, global bean ingredients market is classified into followings:

  • Wholesaler/Distributor
  • Modern Trade
  • Convenience Stores
  • Online Sales
  • Other Sales Channel

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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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Dry Sweeteners Market 2022 Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2027

Dry sweeteners are sweetening agents that are mostly used in the bakery and confectionery for the preparation of the cookies, cakes, muffins, bread, and nut coatings. Dry sweeteners comprise of malt, raisins, dry honey, fruits sugars, molasses that can replaces liquid or raw sweeteners efficiently and effectively. Dry sweeteners mainly come in flake, powder and crystal form depends on the use of the sweetener in the industry.

Dry Sweeteners Market: Drivers & Restraints

Rising use of confectionery and food products in the food parks, dairy and HoReCa (Hotel, Restaurants, and café) is the key drivers for the growth of the global dry sweeteners market. Additionally, the increasing decorative features in the baking industry and other food industries is expected to increase the demand for dry sweeteners in forecast years. Dry Sweeteners can be used as a decoration by spreading on baking recipes before or after Baking. Dry sweeteners used to add shape, quality, and taste of the food products in food and confectionery industry. Change in life style and increase in disposable income is increasing the consumer base for food industry, this in turn, is expected to increase the demand for dry sweeteners in near future.

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Furthermore, unstable demand and supply ratio is expected to restrain the market growth of dry sweeteners. Lack of awareness in developing economies and fluctuating prices of raw materials are expected to hinder the market growth across the forecast period.

Dry Sweeteners Market: Regional outlook

Based on geography, dry sweeteners market has been categorized into seven key regions i.e. North America, Western Europe, Japan, Asia Pacific excluding Japan, Eastern Europe, and Middle East and Africa. The dry sweeteners market is expected to register healthy growth during the forecast period as the food and beverages market is growing globally. The Asia Pacific represents the considerably high market share and growing with a higher growth rate as the food and beverages market is growing rapidly in the region.

Moreover, North America and Western Europe are growing market with a stabilized rate attributed to the high capita income and changed in lifestyle of the consumers. The dry sweeteners market is steadily increasing with the increasing demand of the confectionery and bakery foods across the globe. The Dry sweeteners market is expected to grow in the forecast period.

Dry Sweeteners Market: Key Players

Some of the major players in the dry sweeteners market are listed below.

  • Archer Daniels Midland Company
  • Sweeteners Plus
  • Marroquin Organic
  • Nordic Sugar A/S
  • Cargill, Incorporated
  • Royal Ingredients Group
  • Tereos Starch & Sweeteners s.a.s.
  • Health Care Products Ltd
  • Malt Products Corporation
  • Jimbo’s Naturally
  • Other players

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-6089

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Dry Sweeteners Market: Market Segmentation

Dry sweeteners market is segmented into different segments based on the product type, application type, form type, and geography. Among application type, dry sweeteners for the decorative purpose in the bakery industry is leading with maximum market share. Furthermore, second largest consumption of drysweetners is in the confectionery foods which maintains the second position in the market. Use of dry sweeteners in food and dairy industry is expected to grow across the forecast period attributed to increase in consumer base as the population is increasing across the globe. The dry sweeteners come in the different forms as like powder, crystal, and flake.

Based on the product type the dry sweeteners market is segmented into:

  • Malt
  • Raisins
  • dry honey
  • Fruits sugars
  • Molasses
  • Other dry sweeteners

Based on the application type the dry sweeteners market is segmented into:

  • Confectionery
  • Bakery
  • Dairy

Based on the form type the dry sweeteners market is segmented into:

  • Powder
  • Crystal
  • Flakes

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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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Hickory Nuts Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2027

With the evolution of the food industry, the consumer’s food consumption patterns for the different categories of nuts are also changing. This changing food consumption pattern is the prime factor responsible for the increasing demand for the hickory nuts in beverages and bakery products. Hickory nuts as ingredients are turning to be the better investment options for vendors, as these nuts have proven health benefits, while adaptability of hickory nuts will enable formulators for innovation. 

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Hickory Nuts Market: Drivers and Restraints

Associations and organizations are moving forward to promote nuts industry including hickory nut are one of the major driving factors of the hickory nuts market. Advancement in different technologies enables significant growth in trade of raw material. Moreover, a launch of innovative healthier goods in several application areas are also turning to be the major factor that is contributing the growth of the hickory nuts market in a positive manner.

The high-cost investment incurred during critical, complex and long widening stages of processing is one of the major challenge faced by most of the vendors in the hickory nuts market.

Global Hickory Nuts Market: Competitive Landscape

Key Players

The major player operating in Hickory Nuts market: Kanegrade, Diamond Foods Inc. Mintops, Olam International Limited, and Kerry Group.  The key players are constantly focusing on introducing new innovative products.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Hickory Nuts Market: Market Segmentation 

Global Hickory Nuts Market can be divided into three segments, on the basis of type, application, and region.

The major segments of Hickory Nuts market on the basis of the type include:

  • Bitternut
  • Shagbark
  • Shellbark
  • Pignut

The major segments of Hickory Nuts market on the basis of the application include:

  • Bakery Products
  • Snacks and Bars
  • Beverages
  • Confectionaries
  • Others

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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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Bean Flour Market 2022 | Latest Trends, Demand, Growth, Opportunities and Outlook Till 2027

Bean flours are produced from pulverized dried or even sometimes ripped beans. White bean is a variety of common bean and is in oval and slightly flattened shape. Black beans are also known as turtle beans mostly popular in Latin America. Black beans are named for their shiny dark black color. Bean flour are the source of oxalate, flavonoids such as delphinidin, petunidin, malvidin, Kaempferol and quercetin, hydroxycinnamic acids including ferulic, sinapic, and chlorogenic acid, triterpenoid phytonutrients and fatty acids. 

Bean flour is a good source of molybdenum, folate and dietary fiber coupled with other sources such as copper, manganese, phosphorus, vitamins, proteins, magnesium, etc. Black beans had health benefits and considered as one of the world’s healthiest food. Bean flour have health benefits such as prevention of cardiovascular disease, reducing a risk of certain types of cancer, improves digestive health, regulates body’s blood sugar and others, which makes it a popular legume in health-conscious consumers. Black beans are available throughout the year which in turn helps in continuous availability of bean flour, sufficing the customers demand in global market.

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Global Bean flour Market: Drivers and Restraints

The bean flour market is primarily driven by health conscious consumer as bean flour have different health benefits such as prevention of cardiovascular disease, reducing a risk of certain types of cancer, improves digestive health, regulates body’s blood sugar and others. Increasing awareness of healthy diet in consumers. The trend of increasing demand for delicious products for a different occasion is growing which is growing demand for organic bean flour as it is one of the ingredients used in the production of desserts. Increasing consumption of health drinks or protein shakes is trending in youths which is one of the key drivers for increasing bean flour demand.

Global Bean flour Market: Segmentation Overview

The bean market is segmented by its end-use as an ingredient and packed foods. Bean flour has its application in the food industry as in soups, sauces or marinades, dressings, dips, seasonings, snacks, appetizers, entrees, etc. Industries manufacturing sausages and other condiments use bean flour as one of the ingredients to enhance the taste of the product and make the product healthy for consumers. Use of bean flour in preparing desserts such as brownies and smoothie is increasing. Bean flour is also available in packed products which are distributed through retail chain for household consumption.

The bean flour is segmented by nature as organic and conventional. Use of organic bean flour is increasing as a result of increasing awareness of health benefit of organic products. Global demand for the organic bean flour is growing amongst bodybuilders and gym instructors as it is an excellent source of proteins.

Global Bean flour Market: Regional Outlook

Depending on geographic regions global Bean flour market is segmented into five broad regions: North America, Latin America, Europe, APAC and ME. India and Brazil are the largest producers of black beans commercially in a global market, which acquires maximum market of total bean flour market globally. China produces the most significant volume of green, non-dried form of black beans. Central America, Latin America, Mexico, Indonesia, and the U.S. are emerging markets in bean flour production. Black beans consumed on a daily basis in Mexico, Brazil, Cuba, Guatemala and the Dominican Republic in their cuisines.

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Global Bean flour Market: Prominent vendors   

Some of the key players identified across the value chain of the global Bean flour market include Nikken Foods, Xi’an Sost Biological Science & Technology Co. Ltd.,  Bob’s Red Mill Natural Foods, Damin Foodstuff (Zhangzhou) Co. Ltd., GreenMax S&F, Ottogi Co, Ltd., Green Image Organic Sdn. Bhd. are amongst.  Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market. To ensure product differentiation and to acquire a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products.

Regional analysis for Bean flour Market includes

  • North America
  • Latin America
  • Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East and Africa
Global Bean flour Market: Segmentation 

The global bean flour market is segmented by product type into:

  • Black bean flour
  • White bean flour

The global bean flour market is segmented by nature type into:

  • Conventional
  • Organic

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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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