Market Research Blog

The global sales of nutmeg oil are expected to witness progressive growth over the forecast period. There is persistent rising demand for nutmeg oil in cosmetics and pharmaceuticals industry globally which is likely to boost the nutmeg oil market in the assessment period.

Demand for Nutmeg Oils

Nutmeg oil is widely used in aromatherapy, traditional medicine, and the perfume industry. Nutmeg contains rich in antioxidants due to the presence of phenolic compounds.

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These antioxidants can protect your cells from damage caused by the free radicals. Nutmeg oil can reduce inflammation compounds in your body due to the presence of myristicin compounds, terpene hydrocarbons, phenylpropane.

Due to the properties of the plethora of therapeutic nutmeg is used in traditional medicine.

It also aids in the regulation of menstrual cycles, female hormones, lung issues, and the common cold. Nutmeg oil improves sexual performances in both women and men.

Nutmeg oil is used to prevent dark spots, skin woes, uneven skin tone. The health benefits are the key driving factors for the driving demand for nutmeg oil.

Europe Demand Outlook for Nutmeg Oil Market

Because nutmeg oil contains antibacterial, fungicidal, and insecticidal properties, it is commonly used to preserve food in Europe.

Nutmeg oil is incorporated into the European lifestyle by adding in wine and used as a fragrance. Nutmeg oil is used as an ingredient in cough syrup and toothpaste in European countries.

These are the key factors for the driving demand for nutmeg oil in the European region.

Nutmeg Oil Market: Key Players

Some key manufacturers functioning in business in nutmeg oil market includes

• Green Health
• Sun Essential Oils
• Pure Body Naturals
• Healing Solutions
• LorAnn Oils
• Now, Plant Therapy
• Guru Nanda
• Artizen
• Young Living, and many others.

Nutmeg Oil Market Report Highlights:

• Detailed overview of the 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

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Future Market Insights (FMI) in its latest analysis has projected the global educational tourism market to exhibit a year-on-year (YoY) growth of 16.5% in 2021, surpassing a valuation of around US$ 399.8 Bn by 2021 end.

With rapid growth of educational tourism across the globe, the market is set to register an impressive compound annual growth rate (CAGR) of 17.2% between 2021 and 2031, reaching a valuation of around US$ 1,947.0 Bn by 2031 end.

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Growing awareness among people, rising disposable income, supportive governmental policies, and development of efficient teaching aids, and improving accessibility to various educational courses with scholarships are some of the factors driving the educational tourism market?

Various countries across the world are promoting educational tourism as a part of their strategy to boost the local economy. These host countries benefit from international student expenditures on accommodation, food and beverages, tuition fees, taxes and other leisure activities.

Latest technologies such as artificial intelligence (AI) and virtual reality (AR) are being implemented in teaching and learning processes, which will eventually attract students from around the world.

Educational tourism will not only benefit the host country but will foster personal and professional growth for students allowing them to take advantage of cultural exchange. Key players in the market are introducing attractive packages to woo students. Digital marketing plays a vital role in promoting the services and packages offered by various educational institutions and other companies.

According to FMI, the post graduate segment with over 71% market share will remain the most preferred education type among students. Regionally, North America leads the educational tourism market. The region is expected to account for over 31% of the global market share during the forecast period.

“Growing interest among students to opt for higher education in foreign countries and implementation of favorable policies inviting students from around the world will drive the market swiftly during the forecast period,” says the FMI analyst.

Key Takeaways from Educational Tourism Market Survey

• The U.S. dominates the educational tourism market in North America. This can be attributed to the presence of leading educational institutions and the excellent educational facilities available in the country.
• Owing to the availability of flexible education system, the U.K is emerging as an attractive destination for students.
• Growing interest of foreigners to study Indian culture and the availability of various post-graduation courses with special scholarship programs for foreigners are some of the factors driving the market in India.
• In terms of course type, master’s degree (M.A) remains the most preferred, accounting for around 71% of the global market share.
• Based on age group, 19-25 segment leads the educational tourism market. As per FMI, the segment generates around 73% revenue for global educational tourism market.

Key Drivers

• Government initiatives undertaken to boost country as a destination for educational tourism will positively impact the market growth.
• Introduction of advanced teaching aids and various scholarship programs to attract international students will drive the market swiftly in the future.

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Key Restraints

• High cost associated with educational tourism is hampering the growth of the market.
• COVID-19 pandemic negatively impacted the educational tourism market as a majority of educational institutions remained closed during extended period of lockdown.

Competitive Landscape

Key players operating in the educational tourism market are adopting various growth strategies to stay relevant in the market. They are adopting virtual and online approach to connect with potential pupil.

• In September 2020, Road Scholar launched virtual world of learning. Using a videoconferencing tool, Road Scholar’s day-long and multi-day online programs reflect a typical Road Scholar experience with expert-led lecturers, virtual field trips, discussions and even social time, so participants can connect with their peers throughout the U.S. and beyond.
• Similarly, GVI Company offers virtual internship program and online classes.

More Insights on the Global Educational Tourism Sales Outlook

FMI provides an unbiased analysis of educational tourism market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for educational tourism with a detailed segmentation on the basis of:

Age Group (% of Demand):

• Less Than 12 Years
• 13-18 Years
• 19-25 Years
• 26-40 Years
• 41-55 Years

 Education Type (% of Demand):

• Primary
• Secondary
• College
• Post Graduate

Type of Occupation (% of Demand):

• Students
• Scholar
• Teachers
• Government Officials
• Corporation Managers
• Enterprise Owners
• Workers
• Others

Course Type (% of Demand):

• Master Degree
• Secondary Education
• Primary Education

 Region (% of Demand):

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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Key Questions Covered in the Educational Tourism Sales Outlook Report

• The report offers insight into educational tourism demand outlook for 2021-2031
• The market study also highlights projected sales growth for Educational Tourism market between 2021 and 2031
• Educational tourism market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Educational tourism market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Explore FMI’s Extensive Coverage on Travel and Tourism 

Diving Tourism Market : In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors diving demand for diving tourism. The report highlights the significant increase in demand for diving tourism in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the water adventure tourism industry in general, and diving tourism in particular.

Medical Tourism Market : Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm offers executive-level blueprint of the market. The report carefully examines growth opportunities for medical tourism around the world. In also evaluates the impact of strategies adopted by the leading players on the market.

Agritourism Market : During a coronavirus pandemic outbreak, Travel and tourism industry is completely shut and as a result the agritourism industry is facing a decline. The COVID-19 Outbreak resulted in lockdown situation in various countries across the globe which has impacted every industry in the market. As the COVID-19 protocols include social distancing and the farms that features agritourism need to follow certain guidelines.

The global coconut milk products market is expanding at a steady pace owing to the increasing demand for dairy alternatives. As per a report by FMI, coconut milk product sales have grown at a CAGR of 5.4% between 2016 and 2020. The coconut milk products market is projected to surge at a CAGR of 7.6% by the forecasting period 2021 to 2031.

According to International Diabetes Federation (IDF), around 463 million adults, from the age of 20 to 79 years, were living with diabetes in 2019. The incidence of diabetes is expected to reach nearly 700 million by the year 2045. This growing prevalence of diabetes is creating awareness about the importance of health and overall wellbeing, consequently, fueling the demand for coconut milk products.

As per a study by the U.S. National Library of Medicine, nearly 65 percent of the world’s population have diminished ability to digest lactose after infancy. Increasing the incidence of lactose intolerance will create lucrative growth opportunities for the coconut milk products market.

North America is leading the global coconut milk products market. According to the Centers for Disease Control and Prevention (CDC), 34.2 million Americans have diabetes. This has resulted in increasing demand for dairy alternatives, in turn, spurring the growth of the coconut milk products market in the region.

“To strengthen their footprint, the leading manufacturers are focusing on launching better quality. This also is helping them in expanding their product portfolio and expanding their product distribution channel es,” says the FMI analyst. 

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Key Takeaways

• The U.S. is dominating the global coconut milk products market and is estimated to hold a share of 88.5% in 2021.
• Surging demand for plant-based personal care products is boosting the market growth in the U.K.
• India is expected to emerge as a highly lucrative market for coconut milk products. The market in India is expected to grow at a CAGR of 6.4% through 2031.
• With a growing preference for plant-based food and beverages, the demand for coconut milk products is estimated to rise in China.
• Hypermarkets and supermarkets are projected to hold nearly 34.9% of the market share in 2021.

Key Drivers

• Growing demand for plant-based food and personal care products will spur market growth.
• Rising prevalence of diabetes and lactose intolerance will boost the demand for coconut milk products.
• Increasing awareness about the health benefits of coconut milk will fuel the demand for coconut milk products.

Key Restraints

• Availability of substitutes such as oat milk, almond milk, and soy milk products hinders the market growth.
• High cost coconut milk products compared to dairy milk products might hamper the growth of the market.

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Competitive Landscape

According to FMI, coconut milk products market is highly competitive owing to presence of large number of regional and global players.

Key strategies implemented by market players include consistent expansion of their production distribution channel and launching better quality products to gain competitive edge. Besides this, they have increased their focus on advertisement and promotion to increase their market share. For instance,

·  Goya Foods, launched a new product line named ‘Better for You,’ in 2019. The line featured over 300 products and 40 variation of various frozen vegetables, fruits, rice, and oils.

·  In October 2020, Pacific food launched a new ad campaign with a tagline “Specifically Pacific.” The objective of the campaign was increase awareness about their product portfolio.

Leading players profiled by FMI operating in coconut milk products market include:

• Danone S.A
• Theppadungporn Coconut
• Thai Coconut Public Company Limited
• Renuka Foods PLC
• M&S Food Industries
• Goya Foods Incorporation
• Primex Coco Products Incorporation
• Asiatic Agro-Industry
• Santanku Sdn. Bhd.
• The Sambu Group
• Monty & Totco Corporation Limited
• PT. Sari Segar Husada
• Pacific Foods of Oregon
• Thai Agri Foods PLC
• Ahya Coco Organic Food Manufacturing
• Celebes Coconut Corporation
• Heng Guan Food Industrial
• Nestle SA
• The WhiteWave Foods Company
• Grace Kennedy Limited
• Coconut Palm Group
• McCormick & Company Incorporation

More Insights on FMI’s Coconut Milk Products Market

The latest market study on global coconut milk products market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of

By Product Type

• Coconut Milk Powder
• Coconut Cream Powder

By Nature

• Organic
• Conventional

By End-Use

• Food and Beverage Processing
  • Bakery and Confectionery
  • Ice-creams and Desserts
  • Breakfast Solutions
  • Curries, Sauces and Soups
  • Juices, Milkshakes and Cocktails
  • Other Food and Beverage Processing
• Personal Care and Cosmetics
• Functional Foods and Dietary Supplements
• Foodservice/HoReCa (Hotels/Restaurants/Cafe)
• Household

By Distribution Channel

• Direct Sales/B2B
• Indirect Sales
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mass Grocery Retailers
  • Specialty Stores
  • Online Retailing

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• MEA
• Oceania

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Explore FMI’s Extensive Coverage on Food and Beverage Domain

Plant-based shrimp market: The global plant-based shrimp market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.

Plant-based fish market: Future Market Insights gives a detailed segmentation on the global plant-based fish market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.

Fish protein market: The fish protein market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forth coming decade across key geographies along with competitive landscape of the upcoming decade.

Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research. According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires. Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires.

Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years. The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

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Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities. Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years.

A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion. Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Tire Materials Market: Consistently Increasing Tire Replacement Rate to Benefit Revenue Growth: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2028 : https://www.futuremarketinsights.com/reports/tire-materials-market

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

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North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products.  However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

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• Industrial Cleaners Market Volume Share Analysis – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 to 2028
• Aviation Fuel Additives Market Analysis – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028
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Future Market Insights (FMI) delivers key insights on the global vegan cheese market in its upcoming outlook titled, ‘Vegan Cheese Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028‘. In terms of value, the global vegan cheese market is projected to register a CAGR of 8.6% during the forecast period, due to various factors, regarding which, FMI offers vital insights in detail.

Most people are afraid to go vegan, reason being, they cannot live without cheese and fast food products such as burgers, pizzas, and other foods in which cheese is an essential ingredient. It can be difficult for consumers to give up classic cheesy foods such as pizzas, lasagna, and many more. Though, there is growing awareness among consumers that there are many vegan cheese options available in the market. Today, plant-based alternatives can replace any cheese – cheddar, parmesan, ricotta, cream cheese, and many more vegan cheeses. Plant-based yogurt, which is also used as a culture for many of the cheeses, is extensively available commercially. While some consumers may think a vegan diet is overpriced, a wholesome plant-based diet can prove to be cheaper than an omnivorous diet.

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Growing veganism is triggering the demand for vegan cheese. The market has witnessed collective growth in the past few years, and is expected to increase more over the next few years. Major influences helping the growth of the vegan cheese market are the growing awareness towards lactose-intolerant conditions, and an altering eating pattern, globally. Around 75% of the global population is lactose intolerant, and with the increased exposure to the dangers of dairy products, more consumers are leaning towards plant-based milk products such as vegan cheese or dairy alternatives. With concerns over the adverse effects of dairy and animal welfare, and the mounting environmental concerns linked with dairy product consumption, an inclination towards vegan cheese products is expected in more and more consumers. Also, a decline in dairy has been recorded in the last few years. Recently, a lot of new vegan cheese products have emerged in the market, providing choice for consumers to help animals live better, and help the environment and their health.

The global vegan cheese market is segregated into different sales channels, with convenience stores being the most imperative of them for vegan cheese customers, and also online concepts as a new development in fresh produce. Retail vegan cheese purchases are increasing at broadly significant rates, globally, in reaction to rising incomes and growing urban populations. Increasing media advertising and new customs of retail channels are encouraging growth in nations where non-dairy products are marketed to the world’s millennial population, which forms the most attractive target consumers for new emerging plant-based products.

Preview Analysis of Vegan Cheese Market is Segmented by (Distribution Channel – Direct Sales & Indirect Sales; Nature – Organic & Conventional; End Use – Food Processing, Food Service/HoReCa (Hotels, Restaurant, Cafes) & Household/Retail; Source – Almond Milk, Soy Milk, Coconut Milk, Cashew Milk & Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028: https://www.futuremarketinsights.com/reports/vegan-cheese-market

Also, due to high competition and saturation in the vegan cheese market, companies are increasingly following the trend of innovating new forms of vegan cheese to stay ahead in this increasingly competitive market. A lot of new companies and products have emerged in the market to keep up with the growing pace of the vegan cheese market. In North America, more than 200 companies have entered the market in the past three years, as the opportunity lies there, due to the growing consumption of plant-based products such as vegan cheese.

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This report covers the trends driving each segment, and offers analysis and insights of the potential of the vegan cheese market in specific regions. Asia Pacific excluding Japan is expected to register high growth rates between 2018 and 2028, and Western Europe is expected to remain a fairly significant market for vegan cheese through 2028. According to market attractiveness, Western Europe and APEJ are relatively more striking regions in the vegan cheese market. Some of the key players in the market are Go Veggie, Daiya Foods, Inc., Follow Your Heart, Heidi Ho, Parmela Creamery, and Miyoko’s Kitchen, Inc., among other manufacturers of vegan cheese.

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-7772

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