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The latest study published by Future Market Insights (FMI) on the vulcanization accelerators market incorporates the global industry analysis and market opportunity assessment for the forecast period of 2022 – 2029. The global vulcanization accelerators market was evaluated at ~US$ 1.4 Bn in 2021 and is anticipated to grow with ~4% CAGR during the forecast period i.e., 2022 – 2029.

Tire is an irreplaceable automotive component, and its demand has been on the rise over the years. The market study divulges decisive insights and offers exhaustive market analysis for the historical as well as forecast period. As per the market assessment in the report, the global vulcanization accelerators market is estimated to witness substantial growth due to growing demand from the tire industry.

As tires of heavy vehicles need to be replaced more frequently, the industry is responsible for the maximum consumption of vulcanization accelerators. Thus, growing tire production and replacement activities are estimated to fuel the growth of the vulcanization accelerators market, as reported by FMI. Apart from tires, rubber is also used in other automotive parts such as wiper blades, engine mounts, seals, hoses, and belts.

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Growing automotive production will elevate the manufacturing of automotive rubber parts and components. Thus, increasing the consumption vulcanization accelerators. Rubber is used extensively in industrial products such as rubber belts, rubber buckets, rubber pads, rubber lining, rubber rollers, and rubber mats, among various other products.

Apart from these, rubber finds key application in the manufacturing of medical products such as condoms, surgical gloves, stoppers, tubes, cushioning or supporting materials, breathing bags, implants, prosthetics and catheters, etc. Thus, growing rubber consumption in medical and industrial sectors is estimated to surge the demand for vulcanization accelerators.

Vulcanization Accelerators Market: Manufacturer Insights

According to the FMI analysis, the global vulcanization accelerators market is moderately consolidated with global and regional players playing key roles. The global vulcanization accelerators market report shades light on few of the key industry players in the global market.

Some of the examples of key players in the market are Lanxess AG, Arkema, Eastman Chemical Company, Sumitomo Chemical Co., Ltd., NOCIL Limited, and Kumho Petrochemical, among others.

FMI study finds that the automotive industry slowdown in the past few months has changed the situation. However, government initiatives, tax cuts, and subsidies will continue to drive the growth of the automotive sector, and subsequently of the vulcanization accelerators market. Also, the increasing demand for vulcanized rubber in the manufacturing of industrial & medical rubber goods is expected to raise the demand for vulcanization accelerators.

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Thiazoles and Sulfanamides to Remain Prominent Product Choices

The global vulcanization accelerators market has been categorized on the basis of product and application, along with regions.

• Based on product, primary accelerators – thiazoles and sulfonamides, are projected to remain prominent product choices in the upcoming years, and are expected to hold a significant share in the global vulcanization accelerators market throughout the forecast period.
• Although adoption in automotive industry continues to account for relatively high sales, growing application in industrial sector is likely to result in increased market share. Growing tire production and replacement activities as well as automotive industry growth are estimated to augment the vulcanization accelerators market growth.

Vulcanization Accelerators Market By Category

By Product Type:

• Thiozoles
• Sulfanamides
• Dithiocarbamates
• Thiuram
• Others

By Application:

• Automotive
• Industrial
• Medical
• Consumer Goods

East Asia to Represent Significant Opportunities for Manufacturers

Japan and China are few of the leading tire manufacturing countries. China is assessed to be a prominent tire producer. Presence of companies such as Yokohama Rubber Company and Bridgestone Corporation, makes Japan a substantial tire manufacturing country.

In addition, China’s auto industry has witnessed significant growth in the recent years, leading to subsequent increase in the tire production. However, fluctuating raw material prices due to trade wars and oversupply of materials are affecting local manufacturers.

Besides, imposition of stringent regulations on tire exports from European countries and the U.S is expected to create further problems for tire manufacturers. However, East Asia is estimated to be a prominent market for vulcanization accelerators, due to increasing sales of passenger and commercial vehicles and rising demand for replacement tires.

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Increasing population, improved standards of living, and increasing electric vehicle production will upsurge the demand for tires in East Asia, which will positively influence the growth of the vulcanization accelerators market. Further, increased emphasis on high quality medical and industrial rubber products is expected to propel the demand for vulcanization accelerators in the region.

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Plaster Accelerator Market: According to latest research conducted on plaster accelerator market, it is expected to register a CAGR of over 6-7% during the forecast period 2021-2031.

Synthetic Quartz Market: The global synthetic quartz market is expected to witness a year over year growth of 6.3% in 2022 to reach a value of US$ 93.0 Mn by 2022 end. The global business is anticipated to witness a considerable CAGR of 6.1% during the period of 2022 and 2029.

Tire Materials Market:  The global tire materials market is estimated to create an incremental opportunity of US$ 99.99 Bn by the end of 2028.

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A new research by Future Market Insights on the perfluoropolyether (PFPE) market includes global industry analysis 2014-2021 and opportunity assessment 2022-2029. The global perfluoropolyether market is estimated to reach ~ US$ 758.8 Mn in 2022, and increase at a CAGR of ~ 4.3% during the forecast period of 2022-2029.

The report explores the perfluoropolyether market and provides the reader with analytical insights for the forecast period of 2022-2029. As per the findings of the report, the global perfluoropolyether market is projected to experience a steady growth over the forecast period, due to multiple driving factors including increasing aerospace, automotive and electronic manufacturing activities across geographies.

This progress in the market is majorly propelled by the growing consumption of perfluoropolyether as lubricants for automotive, chemical and aerospace applications such as wheel bearing and vacuum pump, and for high temperature procedures.

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Sensing an increase in new aircraft deployment, especially in developing countries in Asia Pacific, manufacturers are tapping into newer opportunities in the region. Increasing demand for highly efficient lubricants in chemical and automotive industries is further likely to work to the advantage of perfluoropolyether market players.

Europe and North America Lead Gains, South Asia to Offer Greater Opportunities

Although the regions such a Europe and North America are anticipated to hold significant market shares, the South Asia market is expected to project a steady growth in the global perfluoropolyether market over the forecast period of 2022-2029.

Moreover, macroeconomic factors such as increment in GDP, air transportation as well as production, expanding chemical industry and significant growth of the manufacturing sector, are expected to reflect significant increase in opportunities for perfluoropolyether market players in South Asia.

Perfluoropolyether Used Extensively in Aerospace and Automotive Applications

The perfluoropolyether market is categorized into four different segments such as form, application of perfluoropolyether, products, and regions.

• By form, the PFPE Oil is expected to hold a higher value as well as volume share against PFPE grease.
• By product, the linear perfluoropolyether is projected to attain a significant value shares in the perfluoropolyether market. Linear perfluoropolyethers are widely used as lubricants for the superior chemical properties and multiple applications.
• In terms of application, aerospace and automotive sectors will continue to account for relatively high market share. Increasing preference towards non-toxic lubricants from the end users is expected to drive the market. Increasing automotive production is expected to increase the demand for PFPE lubricants. PFPE is also used in other applications such as chemical and electronics, and is recently being used for textile as well as leather applications.

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Perfluoropolyether Market: Players Insights

The perfluoropolyether market report focuses on a number of stakeholders, some of these players have come out as the market leaders. Few examples of such manufacturers in the perfluoropolyether market are as follows; The Chemours Company FC, LLC, Klüber Lubrication München SE & Co. KG, Solvay S.A., TOTAL S.A., M&I Materials Ltd, HUSKEY Specialty Lubricants, Daikin Industries Ltd., and NYE Lubricants Inc. and FluoroTech USA among various others.

The global perfluoropolyether market is highly fragmented, with multiple tier 2 and tier 3 players. Key players provide perfluoropolyether under their trademarked names such as Fomblin® Series, HUSKEY® PF Series, Vertrel™ XF specialty fluid, Vertrel™ MCA Plus specialty fluid®, and DEMNUM®, among others.

Perfluoropolyether Market By Category

By Form:

• PFPE – Greases
• PFPE – Oil

By Product Type:

• Linear
• Branched

By Application:

• Automotive
• Aerospace
• Chemical
• Electronics
• Others

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What was the Impact of COVID-19 Crisis on Global Market of Perfluoropolyether?

With the outbreak of SARS-COV-2 virus all over the globe in the initial quarter of 2020 has resulted in the decrease in the production of automotive, aircrafts and other. Reduce in the movement of the vehicles and aircrafts has impacted the sales of perfluoropolyether significantly in these application segments.

Further shutdown of the manufacturing industries due to social distancing and lockdowns has also impacted the consumption of the lubricants and oil all over the world. However, economic recovery from the second half of the year 2020 and opening of the manufacturing sectors had boosted the consumption resulting in the recovery of the demand.

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Polyethersulfone (PES) Market: Polyethersulfone (PES) belongs to the family of thermoplastics polymers which is further classified as sulfone plastic. Polyethersulfone polymers are stable at high temperature and exhibit high toughness.

Polyetheramine Market: The polyetheramine market is likely to capture a CAGR of 9% during the forecast period. The market is projected to be valued at US$ 1.53 Bn in 2022 and likely to be valued at US$ 3.62 Bn by 2032.

Polyethylene Terephthalate Market: The global market for polyethylene terephthalate is forecast to reach US$ 28.6 Billion in 2022, up from US$ 27.1 Billion in 2021. Furthermore, the industry is poised to reach nearly US$ 40 Billion by 2032, flourishing at a CAGR of 3.4%.

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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According to the latest research from Future Market Insights (FMI), the worldwide sales of sodium caseinate market will increase ~5% year-over-year to reach ~270 thousand tons in 2022, up from ~258 thousand tons in 2021.

FMI analysts forecast the sodium caseinate market to grow at a value CAGR of ~4.6% through to 2029, driven by greater demand for functional or fortified foods along with the shift of high-protein trend from niche to mainstream.

The analyst finds that the sheer volume of bakery consumption in recent years has largely contributed the increased sales of different types of protein, thereby potentially raising the demand for sodium caseinate. Offering whipping and aeration stability to food emulsions, sodium caseinate has garnered significant traction as a viable emulsifier or food additive in various sectors of F&B industry.

However, the launch of animal-free emulsifiers in line with emerging trends of veganism and increasing awareness regarding the impact of food production, especially for animal-based products, on environment will represent a potential threat for the market players.

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Sales of Food Grade Sodium Caseinate to Ramp up in 2021

According to the FMI analyst, the consumption of food grade sodium caseinate, especially for dairy, frozen foods, and bakery & confectionery products, continue to influence the growth strategies of the market players, as the category accounted for three-fourth share of the market in 2018.

To tap into opportunities in different end-use industries, ranging from cosmetics to chemical, manufacturers are focused on increasing the production of industrial grade sodium caseinate, which is likely to represent ~5% increase in sales in 2022.

“Sodium caseinate worth ~US$ 480 million were sold as food additive in 2021, while its application as emulsifier is likely to result in increased market share in the foreseeable future,” said the FMI analyst.

“As today’s consumers move towards highly nutrient products which support weight management and counteract the risk of obesity and other lifestyle diseases, F&B manufacturers are increasingly demanding for sodium caseinate as an ideal fat free stabilizer for wide range of products.”

Key Companies Profiled

• Israel Chemicals Ltd
• AGROCOMPLEX Sp. z o.o.
• Lactoprot Deutschland Gmbh
• Erie Foods International Inc.
• Charotar Casein Company
• AMCO Proteins
• Avani Food Products
• Fonterra Co-operative Group
• Ningxia Yimei Biotechnology Co., Ltd.
• Gansu Hua’an Biotechnology Group

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F&B Industry to Unlock New Profit Pools for Market Vendors

The global food industry no longer looks like its former self, as increased incomes, preferential shifts towards health and wellness, and structural shift towards urban living have brought significant transformation in recent years, according to the FMI analyst.

In 2021, the consumption of sodium caseinate by F&B industry accounted for ~70% sales, while the application in pharmaceuticals and cosmetics is likely to witness a quantum leap in growth in 2022 and beyond. Considering the nature and excellent properties of the product including high degree of emulsification, viscosity-enhancing, and foaming and gas retention, manufacturers are exploring the application of sodium caseinate in chemical and other industrial products.

Sodium Caseinate Market by Category

By Product Grade:

• Food Grade
• Industrial Grade

By Application:

• Food Additives
• Emulsifiers
• Free Fat Stabilizers
• Others

By End Use:

• Food & Beverages
• Pharmaceuticals
• Cosmetics
• Chemicals
• Other Industrial

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East Asia to Take Centre Stage in Sodium Caseinate Market

The FMI analyst forecasts that Europe and East Asia are neck and neck to acquire the leading position in sodium caseinate market. Rising consumer interest in the benefits of high quality ingredients in various food products is likely to offer greater opportunities for market players in East Asia.

In 2021, the East Asia market for sodium caseinate market accounted for ~26% revenue to share, and is expected to record ~6% y-o-y growth in 2022. In the global scenario, the sodium caseinate market shows a high level of fragmentation, with a number of global players collectively accounting for 20-25% share.

The emergence of large number of local consumers catering to domestic end users has resulted into contracted profit margins of the international players. Establishing strong relationship to distribution channel partners and strengthening manufacturing facilities continue to key focal points of the manufactures.

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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The global food grade carrageenan market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around US$ 2.3 Bn by 2032.

In food, hydrocolloids have a variety of functions, including gelling, thickening, emulsifying, coating, and stability. Hydrocolloids are used in a wide range of foods, from dairy products to confectionary.

Carrageenan is widely utilized in the food and beverage sector as it is considered one of the most useful hydrocolloids. It is a versatile component that acts differently in milk and water. It is commonly utilized in the beverage sector as a hydrocolloid with thickening and gelling qualities. It can also react with proteins in dairy products, providing stabilizing properties.

Food manufacturers are looking for ingredients that can improve the properties of their foods, such as texture, as the processed food industry grows. Since consumers will not accept inferior taste from processed foods, food manufacturers are looking for ingredients that can improve the qualities of their foods, like texture. The functional characteristics and adaptability of carrageenan are expected to fuel demand in the market.

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“Growing applications of food grade carrageenan such as iota carrageenan in the pharmaceutical sector will drive growth. In addition to this, increasing sales of processed food products across emerging economies will augment the demand for food grade carrageenan over the forecast period,” says an FMI analyst.

Key Takeaway:

• The global food grade carrageenan market is expected to reach a valuation of around US$ 1.2 Bn in 2022.
• In terms of product type, iota food grade carrageenan segment is anticipated to account for a dominant share of the market over the forecast period.
• Applications of food grade carrageenan in the food processing industry will remain high.
• The U.S. will continue dominating the North America food grade carrageenan market through 2032 owing to surging applications in the pharmaceutical sector.
• The Europe food grade carrageenan market is expected to witness a lucrative growth rate of 6.9% during the forecast period.
• East Asia is expected to emerge as a prominent market for food grade carrageenan market over the forecast period.

Competitive Landscape

Due to their extensive geographical presence, prominent carrageenan manufacturers such as DuPont and Cargill have a global reach with many manufacturing sites and sales offices scattered across the major continents. Furthermore, market players are focusing on forming relationships with small businesses that have a strong presence in local marketplaces. For instance:

• Biesterfeld and CP Kelco announced the expansion of their collaboration in the food and nutrition sector across Europe in August 2020. Biesterfeld made this strategic move to distribute the former’s carrageenan goods in European countries as part of this partnership

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Future Market Insights, in its new report, offers an impartial analysis of the global food grade carrageenan market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Food Grade Carrageenan Market by Category

By Product Type:

• Iota
• Kappa
• Lambda

By Function:

• Gelling Agent
• Thickening Agent
• Stabilizer
• Other Functions

By Application:

• Pharmaceutical
• Beauty and Personal Care
• Food Processing
• Other Applications

By Region:

• North America
• Latin America
• Europe
• Middle east and Africa
• East Asia
• South Asia
• Oceania

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The report covers exhaustive analysis on:

• How much is the food grade carrageenan market currently worth?
• What is the growth rate of the food grade carrageenan market over the forecast period?
• What is the anticipated market value of the food grade carrageenan market by 2032?
• Which region is expected to drive the food grade carrageenan market?
• Who are the key players in the food grade carrageenan 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.

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The global tonic wine market is expected to reach market valuation of US$ 1.9 Bn by the year 2021, accelerating at a CAGR of 6.1% by 2022-2032. Tonic wine sales forecast remains positive and is expected to total US$ 3.4 Bn globally by 2032.

The pandemic had a huge impact on the tonic wine market due to the forced closure of on-trade vineyards in various nations such as the United States, the United Kingdom, India, and others to control the COVID-19’s impact. On the other side, the current situation may present an opportunity for the wine industry to recapture lost consumer attention.

However, it is unclear if the current off-trade boom will persist as pantry supplies run out, the on-trade gradually reopens, and consumer behaviour returns to pre-COVID-19 levels.

Rising demand for tonic wine due to its health benefits and premiumization of wine products, as well as flavour innovation and more advanced distribution networks, are projected to drive the global tonic wine market.

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“The tonic wine market is predicted to register steady as e-commerce platforms make deeper inroads. Tonic wine is difficult to come by. As a result, online sales channels may be able to give consumers with ideal product finder solutions. Key advantages of online sales channels that may improve tonic wine sales are easy home delivery and easy payment alternatives,” said a lead analyst at FMI.

Surge in Tonic Wine Consumption Slated in Asia-Pacific and Latin America

Asia-Pacific is leading in terms of the demand for wine, with China dominating the market in the region. Notably, the consumption of red wine is more of a tradition in China, as the color red is considered lucky in the country. Owing to this factor, China is one of the leading markets for red wine consumption, giving tough competition to France and Italy.

Australia is second in the consumption of wine in Asia-Pacific, followed by Japan. Also, India is the fastest-growing country in terms of wine consumption and registered a growth rate of approximately 7.1%. The Philippines, South Korea, and Vietnam are the other potential wine-consuming markets in Asia-Pacific. Hong Kong has no import tax for wine, which is a driving factor for the market.

Who is winning?

Some of the leading companies offering cheese are Buckfast Abbey, Leonard J Russell Snr, Campari Group, Scotland’s, Sainsbury’s, Portman Group, Reggae Treats, Dee Bee Wholesale, AhmadiAnswers, Herb Affair, Bristol, Jingjiu, Zhangyu, Wuliangye, and Othes.

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By Type, Tonic Wine Market is Segmented as:

• Magnum Tonic Wine
• Buckfast Tonic Wine
• Sanatogen Tonic Wine
• Mandingo Tonic Wine

By Application, Tonic Wine Market is Segmented as:

• Household
• Foodservices
• Institution
  • Hospitals
  • Clinics
  • Others

By Sales Channel, Tonic Wine Market is Segmented as:

• B2B
• B2C
  • Modern Trade
  • Traditional Liquor Stores
  • Drugstores and Pharmacies
  • Specialty Stores
  • Online Retail
  • Other Retail Formats

By Region, Tonic Wine Market is Segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle east and Africa

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Frequently Asked Questions

• How Big is the Tonic Wine Market?
• What is the North America Tonic Wine Market Outlook?
• At What Rate will Tonic Wine Demand Grow in Europe?
• At What Rate Will Tonic Wine Demand Grow in Japan?
• What is the South Asia Tonic Wine Market Outlook?

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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The global kombucha tea market is set to witness growth at a CAGR of 12.3% and is anticipated to reach a valuation of around USD 5,234.6 Mn by 2032.

One of the primary factors driving the global kombucha tea market is the growing demand for convenience packaging. Busy lifestyles and time constraints across the globe have increased the demand for on-the-go food items.

This is increasing the sales of kombucha tea that can be easily carried in the pocket. To capitalize on this, key players are adding attractive packaging, which extends the shelf life of kombucha tea storage.

Kombucha tea manufacturers are also constantly providing consumers with more creative products in terms of flavors. The kombucha tea innovation is done to meet consumer demand for a healthy and nutritious drink without compromising the flavor, taste, texture, and nutritional properties of the product.

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Key Takeaways from Market Study

• Organic kombucha tea is expected to grow at a lucrative 13.8% CAGR during the forecast period.
• North America kombucha tea market is expected to dominate the global market in 2022, with a share of around 24.1% by 2032
• In terms of sales channels, modern trade is expected to have a dominant share in 2022
• Online retail stores are expected to grow at a rapid pace during the forecast period.
• In terms of product type, green tea is expected to dominate the global market in 2022
• Black kombucha tea is expected to grow at a rapid pace during the forecast period.

 “Manufacturers of kombucha tea are focusing on increasing product transparency. They are also putting together dedicated teams to devise legal marketing strategies to ensure proper kombucha tea representation to woo consumers.” says a Future Market Insights analyst.

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Competitive Landscape

Kombucha tea manufacturers are introducing new products to cater to consumers’ diverse preferences and tastes.  Kombucha tea market trends such as changing consumer preferences toward non-alcoholic beverages and increased consumption of healthier beverages, key players are focusing on expanding their product portfolio.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global kombucha tea market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Kombucha Tea Market by Category

By Nature:

• Organic
• Conventional

By Product Type:

• Green Tea
• Black Tea
• Oolong Tea
• Others

By Flavor Type:

• Regular/Unflavored
• Flavored

By Sales Channel:

• Modern Trade
• Convenience Stores
• Traditional Grocery Stores
• Specialty Stores
• Online Retail Stores
• Others

By Region:

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

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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The global spirits market is estimated at US$ 56 Bn in 2022 and is projected to reach US$ 92.9 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032.

Spirit is an alcoholic beverage prepared through distillation process in which the component substances are separated from a liquid mixture via evaporation and condensation. This process is used for purification of the mixture and for removing the diluting components such as water. This is done in order to increase the alcohol content by volume (ABV).

Rising demand for alcoholic beverages can be attributable to the increasing consumption among millennials. A gradual increase in the party culture has been noticed over the past few years which has contributed well to the market growth. Alongside this, peer pressure among students and adults and the influence of social media are convincing consumers to experiment with new drinks and different flavours.

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The latest trend of partying at clubs, bars, cafes and pubs in developing economies like India and China owing to attractive pay packages and changing lifestyle is likely to result in surging demand for spirits in the coming years. Varied types of spirits such as vodka and whiskey are mostly consumed during outings.

Furthermore, increasing spending capacity of working population has encouraged them to switch to premium brands, which is expected to fuel the spirits market growth over the forecast period (2022-2032).

Key Takeaways from Market Study

• East Asia is expected to dominate the global market by accounting for the maximum market value share of about 25% by 2022 end
• Rising partying culture in different regions across the globe is predicted to result in surging demand during the assessment period (2022-2032)
• By product type, whiskey is expected to account for the maximum market share by 2022 end
• Higher income groups and working population have increased spending capacity, which is likely to increase the demand for premium brands of spirits in the near future
• Indirect channel is expected to account for a higher market value share than direct channel by 2032 end

 “Trending partying culture at clubs and pubs among today’s millennial is expected to result in an impressive growth in the spirits market in the coming decade,” says a Future Market Insights analyst.

Competitive Landscape

Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years.

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Future Market Insights, in its new report, offers an impartial analysis of the global spirits market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Product Type, Global Spirits is segmented as:

• Vodka
• Rum
• Whiskey
• Gin
• Tequila
• Others

By Category, Global Spirits is segmented as:

• Mass
• Premium

By Application, Global Spirits is segmented as:

• Household
• Commercial

By Distribution Channel, Global Spirits is segmented as:

• Direct
• Indirect
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Independent Retailers
  • Online Retailers

By Region, Global Spirits is segmented as:

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

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Frequently Asked Questions

• How big is the spirits market?
• At what rate is the global spirits market expected to grow?
• What are the key strategic adopted by spirits market players?
• How much share does the top 10 companies in the spirits market hold?
• Which are the major countries driving demand for spirits?

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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The global champagne market is expected to reach a market valuation of US$ 7.0Bn by the year 2022, accelerating at a CAGR of 5.08% by 2022-2032, to reach a value of US$ 11.5Bn by 2032.

The alcohol beverage industry suffered from initial set back due to pandemic as spread of virus resulted in delays in shipment, rise in packaging cost, and scarcity of containers. However, after the first wave subsidized and majority of the population around the globe was vaccinated the alcoholic beverage industry bounced back due to government support and incentives.

There has been a considerable increase in the number of brands and retailers offering wide varieties of alcoholic beverages, the only distinction they can emphasize on is product diversification. As a result, key players are focusing on developing niche products, specific to consumer requirements. This is expected to propel the demand for alcoholic beverages globally which in turn will impact sale of champagne.

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Pandemic affected in-store sales severely. To overcome distancing rules, companies developed their online portals and delivered champagnes and other alcoholic beverages at consumer doorsteps. Even as the situation bounces back, many distributors are predicted to change their business model by partnering with on-demand services that procure alcohol from stores and deliver it to customers.

There is increase in consumption of champagne in home premises. As people are spending much time indoors, they are expected to order premium quality champagnes from e-commerce sites. This is expected to reduce café and restaurant-based alcohol consumption. Brands are expected to focus on offering such services to multiply sales of champagne.

Surge in consumer spending capacity in regions such as North America, Europe, and Asia also has made it possible for customers to splurge on alcoholic beverages during celebrations. Consumption of low alcoholic champagne is witnessing high growth as consumers are shifting toward healthy drink options, which is expected to encourage sales of low-alcohol champagne during assessment period.

Key Takeaways from Market Study

• The champagne market is expected to increase at CAGRs of 5.1% and 5.3% in North America and the Europe, respectively, through 2032.
• Market share of Latin America and Oceania is 4.5% and 4%, respectively, in 2022.
• The Europe champagne market is expected to reach US$ at 1.6 Bn
• Growing customer preference for healthy and nourishing beverages to drive the sale of low alcohol champagne.
• By price range, economically priced champagne holds the highest market share and is expected to increase at a CAGR of 6.0%.

 “Manufacturers of champagne will considerably gain from targeting the niche product and consumer segments in alcoholic beverages industry. Consumer preference for nourishing drinks is expected to impact the demand for low alcoholic beverages around the globe,” says a Future Market Insights (FMI) analyst.

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Competitive Landscape

Key manufacturers of champagne are majorly focusing on research & development to offer different varieties of alcoholic beverages. Permiumization is expected to contribute maximum revenue generation through sale of champagnes. As key players focus on offering different flavours according to customer preference to stand out in the competition.

Another trend that is prevalent in the champagne market is consumer preference for sustainable packaging. Consumers are more sensitive towards adverse impacts on environment that are choosing brands that follow sustainable practices throughout their supply chain. Brands that focus on these aspects are expected to benefit in long run.

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Future Market Insights, in its new report, offers an impartial analysis of the global reduced fat butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Champagne Market by Category

By Price Range, Champagne Market is Segmented as:

• Economy
• Mid-range
• Luxury

By Sales Channel, Champagne Market is Segmented as:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region, Champagne Market is Segmented as:

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

Frequently Asked Questions

• How much is the global champagne market worth?
• What is the champagne market demand outlook lly?
• At what rate did the demand for champagne grow in the last five years?
• At what rate will champagne demand grow in Europe?
• What are the key trends shaping the champagne demand?
• At What Rate Will Champagne Market Demand Grow in North America?

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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The global vegan yogurt market size is expected to reach a market valuation of US$ 2.2 Bn in 2022, with sales growing at a robust 8.9% CAGR over the forecast period.

Increasing incidence of lactose intolerance among consumers is resulting in lesser consumption of milk-based products. As a result, plant-based diet has grown in popularity among the consumers, with many people trying to replace dairy products with plant-based alternatives, including yogurt.

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This has led to high demand for vegan yogurts which contain live probiotics and cultures and provide the same digestive advantages as dairy-based yogurts.

Hemp milk yogurt and flax yogurt, for example, are high in fatty acids, natural omega-3, and fiber. Many other vegan yogurt variants are enriched with minerals and vitamins to improve their nutrient level. These products are as rich, creamy, and smooth as regular yoghurt, and they don’t require any flavor or texture adaptation.

Vegan yogurt manufacturers have been experimenting and developing different bases and distinctive flavors to promote these yogurts as mainstream products. Furthermore, milk obtained from grains, seeds, and nuts such as coconut, hazelnuts, macadamia, almond, pistachios, pili, and cashew are used to make vegan yoghurt. Flax, soy, and hemp seeds, as well as cereals like oats, are also used to make vegan yoghurt.

“Wide availability of vegan yogurt at online channels, along with growing popularity of veganism in emerging economies will continue driving the vegan yogurt market over the forecast period,” says the FMI analyst.

Key Takeaways:

• By flavor, demand in the chocolate segment is expected to remain high over the forecast period.
• Based on the product type, sales in the almond mil vegan yogurt segment are forecast to gain traction over the assessment period.
• In terms of sales channel, the offline segment is expected to account for a dominant share of the market through 2032.
• The North America vegan yogurt market is expected to grow at a 8.5% CAGR through 2032.
• East Asia vegan yogurt market is expected to emerge as a lucrative pocket with sales growing at a high rate.

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Competitive Landscape

Leading players operating in the global vegan yogurt market are aiming to expand their presence in developing countries to gain a competitive edge. They are also investing in research and development to improve their product portfolios by adding innovative flavors. For instance:

• Danone, a leading French yogurt company, acquired WhiteWave Foods, a Colorado-based company for its range of plant-based food and beverages manufacturing brands such as Alpro®, So Delicious®, Silk®, and Vega™.

Vegan Yogurt Market by Category

By Product Type:

• Soy Milk Yogurt
• Coconut Milk Yogurt
• Almond Milk Yogurt
• Rice Milk Yogurt

By Flavour:

• Chocolate
• Strawberry
• Banana
• Pineapple
• Mango
• Lemonade
• Peach

By Sales Channel:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region:

• North America
• Latin America
• Europe
• Middle east and Africa
• East Asia
• South Asia
• Oceania

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Future Market Insights, in its new report, offers an impartial analysis of the global vegan yogurt market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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The study offers compelling insights based on product type (soy milk yogurt, coconut milk yogurt, almond milk yogurt, and rice milk yogurt), flavor (chocolate, strawberry, banana, pineapple, mango, lemonade, and peach), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store) and online sales channel (company website and e-commerce platform)), across seven major regions.

Frequently Asked Questions

• What is the current valuation of the vegan yogurt market?
• At what rate is the vegan yogurt market projected to grow over the forecast period?
• How much is the vegan yogurt market expected to be worth in 2032?
• Who are the top players operating in the vegan yogurt 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.

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The global organic tea market is expected to reach market valuation of US$ 1.2 Bn by the year 2022, accelerating at a CAGR of 8.2% by 2022-2032.

Organic products are becoming common among consumers due to their changing lifestyles and the growing notion that organic products are healthier than conventional ones. Moreover, the growing trend of consuming naturally derived and pesticide-free products will help organic tea sales soar across the world.

Food safety has become a critical consideration for consumers thus organic food which are cultivated naturally without the use of chemical fertilizers, such as organic tea leaf, are regarded safer than conventional tea leaf. This is also helping the organic tea market gain traction.

Furthermore, the organic tea industry is predicted to expand as a result of the rising trend of organic and clean label nutritious beverages.

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Key Takeaways from Market Study

• Based on product type, herbal organic tea is anticipated to account for over 50% of the market share over the forecast period.
• The North America organic tea market is expected to register growth at 7.9% CAGR during the forecast period.
• Europe is expected to account for 3/7^th of the global organic tea consumption through 2032
• Organic tea sold in tea bags is expected to hold a market share of over 40% in the forecast period
• The supply chain for the organic tea market was severely affected by COVID-19, resulting in a slowdown in sales. However, with the recovery of the economy and rising demand for functional beverages, the market is anticipated to grow significantly.

“Consumers seeking authentic tea experience will result in high demand for specialty tea. This is expected to aid the organic tea market growth,” says a Future Market Insights analyst.

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Competitive Landscape

The global organic tea market is moderately consolidated with the leading players focusing on launching new and innovative teas while strategically partnering and acquiring established players in the business. In addition, they are also expanding their production capabilities to allow consolidation in the market:

• In October 2019, a leading company selling organic tea, Choice Organic Teas was acquired by Yogi Tea as a strategic move to expand their organic tea business globally.
• Celestial Seasonings launched TeaWell in October 2019, a product line that combines organic wellness tea with a potent blend of health benefits and exquisite tastes. The range includes a variety of flavours created using a mix of herbs and botanicals. The “Daily Wellness Core” in these products is a combination of four vital ingredients: elderberry, dandelion root, panax ginseng and green rooibos.

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Future Market Insights, in its new report, offers an impartial analysis of the global organic tea market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Organic Tea Market by Category By Product Type, Organic Tea Market is Segmented as:

• True Tea
  • Black Tea
  • Green Tea
  • Oolong Tea
  • Pu-erh Tea
  • White Tea
• Herbal Tea
  • Chamomile Herbal Tea
  • Peppermint Herbal Tea
  • Ginger Herbal Tea
  • Lemongrass Herbal Tea
  • Other Herbal Teas

By Form, Organic Tea Market is Segmented as:

• Dried Leaf
• Powder Leaf
• Liquid

By Packaging, Organic Tea Market is Segmented as:

• Cartons
• Cans
• Tea Bags
• Paper Pouches
• Other Packaging

By Sales Channel, Organic Tea Market is Segmented as:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region, Organic Tea Market is Segmented as:

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

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 Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers,
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For Sales Queries: sales@futuremarketinsights.com
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