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Polyphenols Market Outlook On The Basis Of Product, Application, Region And Forecast From 2023 to 2030: Grand View Research Inc.
San Francisco, 15 June 2023: The Report Polyphenols Market Size, Share & Trends Analysis Report By Product (Grape Seed, Green Tea, Apple, Cocoa), By Application (Beverages, Food, Feed), By Region, And Segment Forecasts, 2023 – 2030 The global polyphenols market size is expected to reach USD 2.98 billion by 2030, expanding at a CAGR of 7.4% from 2023 to 2030, according to a new report by Grand…
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#Polyphenols Industry#Polyphenols Market#Polyphenols Market 2023#Polyphenols Market 2030#Polyphenols Market Revenue#Polyphenols Market Share#Polyphenols Market Size
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Tea Polyphenols Market size was valued at US$ 309.62 Mn. in 2023, and the total revenue is expected to grow by 7.9% from 2024 to 2030, reaching nearly US$ 527.22 Mn.
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Mexico Chocolate Market Size To Reach $4.35 Billion By 2030
The Mexico chocolate market size is expected to reach USD 4.35 billion in 2030, registering a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is witnessing growth due to multiple factors, such as the growing demand for premium and high-quality chocolate products, the rising popularity of dark chocolate owing to its health benefits, and the increasing consumer preference for organic and sustainable chocolate options. Furthermore, the introduction of new flavors and product varieties, along with the expansion of the chocolate industry in emerging markets, are also contributing to the expansion of the chocolate market in Mexico during the forecast period.
Furthermore, there is a notable shift towards chocolate confectioneries in Mexico over traditional sugar-based sweets, fueled by increased awareness of the health benefits of chocolate consumption. Dark chocolate, renowned for its high cocoa content and rich antioxidant properties (such as flavonoids and polyphenols), is particularly favored. These antioxidants contribute to improved heart health, reduced inflammation, and enhanced cognitive function, appealing strongly to health-conscious consumers.
Moreover, there is a growing demand for premium and gourmet chocolates. Consumers are increasingly drawn to high-quality products with unique flavors, superior ingredients, and attractive packaging. This trend is driven by Mexico's rich gourmet culture, where chocolate is pivotal in traditional cuisine and luxury food experiences. All these factors are expected to augment the market's growth during the forecast period.
The market is being significantly influenced by the increasing penetration of manufacturers through online platforms. As more chocolate brands establish and expand their online presence, they tap into a growing consumer base that values convenience, variety, and accessibility. Online platforms allow manufacturers to showcase their full range of products, from traditional favorites to premium and specialty chocolates, catering to diverse consumer preferences and driving the overall chocolate market in Mexico.
Manufacturers are introducing new flavors, formulations, and packaging designs to cater to evolving consumer tastes. This includes developing chocolates with different cocoa percentages, incorporating exotic ingredients, and creating products tailored to specific dietary preferences, such as vegan or gluten-free. Furthermore, manufacturers actively engage consumers through strategic marketing campaigns that highlight product attributes, health benefits, and cultural significance. They collaborate with influencers, chefs, and celebrities to endorse their products and participate in events and festivals to raise brand awareness and connect with consumers on a deeper level.
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Mexico Chocolate Market Report Highlights
The traditional chocolates segment held the largest share in 2023 and is expected to grow at the fastest CAGR from 2024 to 2030. These chocolates find application across a wide range of uses and are commonly bought from various retailers, including grocery stores, supermarkets, and hypermarkets, among others
The dark chocolate segment is expected to grow at a CAGR of 6.7% from 2024 to 2030. Dark chocolate is favored for its higher cocoa content, lower sugar content, and richness in antioxidants and flavonoids, which contribute to improved heart health and cognitive functions
The chocolate bars segment is expected to grow at the fastest CAGR from 2024 to 2030. There has been a noticeable rise in consumer preference for chocolate bars as a snack option as they are convenient for consumption. These are particularly appealing to consumers looking for on-the-go snacking options
The sales through the online channel are expected to grow at the fastest CAGR over the forecast period. The convenience and popularity of online shopping; competitive pricing, discounts, and promotions offered by online retailers; and the availability of a wide range of chocolate products, including niche and specialty items, are expected to drive the segment growth during the forecast period
Mexico Chocolate Market Segmentation
Grand View Research has segmented the Mexico chocolate market based on product, type, distribution channel, and region:
Mexico Chocolate Product Outlook (Revenue, USD Million, 2018 - 2030)
Traditional
Dark
Milk
White
Artificial
Mexico Chocolate Type Outlook (Revenue, USD Million, 2018 - 2030)
Bars
Truffles & Blocks
Chocolate Covered with Nuts & Fruits
Mexico Chocolate Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Hypermarkets & Supermarkets
Grocery Stores
Convenience Stores
Online
Others
Mexico Chocolate Regional Outlook (Revenue, USD Million, 2018 - 2030)
Northern Mexico
Central Mexico
Gulf And South
Pacific Coast
Baja Peninsula
Yucatan Peninsula
List of Key Players in the Mexico Chocolate Market
Nestlé
Chocolate Ibarra
Mars, Incorporated and its Affiliates
The Hershey Company
Ferrero
Tout Chocolate
Barry Callebaut
Mondel?z International
GRUPO BIMBO
Feliu Chocolate
Picard Chocolates México
Bremen SA de CV
DULCES DE LA ROSA
La Suiza, S.A. de C.V.
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Global Ready To Drink Tea Market - Forecast(2024 - 2030)
Global Ready to Drink Tea Market Overview
Global Ready to Drink Tea Market size is estimated to reach $38.9 billion by 2027, growing at a CAGR of 5.5% during the forecast period 2022-2027. Ready-to-drink tea falls under the category of already prepared beverages generally served in cold and hot form. Black tea and green tea are the two most frequently consumed types of RTD tea. Moreover, there is a variety of flavor options available in RTD tea such as fruit, lemon, herbal, spices, and others. During the industrialization preparation of ready-to-drink tea, chemical compounds like acidulants are added with the aim to reduce the overall pH level. Also, various herbs added to it to extend the properties of nutraceuticals. Besides extending appealing aroma and taste, this pre-made drink extends several health benefits as it is prepared according to the criteria of clean label standards. RTD tea has naturally occurring polyphenolic antioxidants that curb the risk of developing cancer. Moreover, green tea is scientifically proven to have anti-obesity and anti-diabetic properties. The global ready-to-drink tea market outlook is fairly enchanting as the popularity of pre-made tea is enlarging worldwide. Furthermore, appealing packaging, availability of a variety of flavors, rising health consciousness among people and ascending disposable income benefits which protect consumers from are factors set to drive the growth of the Global Ready to Drink Tea Market for the period 2022-2027.
Report Coverage
The report: “Global Ready to Drink Tea Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Ready to Drink Tea Market.
By Type: Bottled, RTD refrigerated tea, Instant tea mixes, and bagged tea.
By Flavor: Lemon, Fruit, Herbal, Spices, and others.
By Packaging: Cans, Plastic bottles, Glass containers, and others.
By Distribution Channel: Offline (Supermarkets/Hypermarkets, Convenience stores, and others), and online.
By End User: Households and Foodservice providers (cafes, restaurants, hotels, and others).
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).
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Key Takeaways
Geographically, the Asia-Pacific Ready to Drink Tea Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027. The growth is owing to spiraling GDP per capita income, humungous population, and rising health cognizance among people.
Health-hitches linked with carbonated drinks, appealing packaging, strengthening retail channel networks, and health benefits accompanied by ready-to-drink tea are said to be preeminent drivers driving the growth of the Global Ready to Drink Tea Market. Harsh environmental conditions, strangled production attributed to the COVID-19, and high price compared to ordinary tea are said to reduce the market growth.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Ready to Drink Tea Market report.
Global Ready to Drink Tea Market Segment Analysis-By Distribution Channel
The Global Ready to Drink Tea Market based on the distribution channel can be further segmented into offline (supermarkets/hypermarkets, convenience stores, and others), and online. The offline segment held the largest share in 2021. High dependence of consumers on physical stores for FMCG products for their day-to-day lives. Moreover, consumers prefer buying in bulk so they can escape the hassle of going to shop every day which is not possible with online buying as e-commerce deliver most of the products separately. Also, one thing online platforms lack that modern retail outlets and traditional stores have in common is their across-the-board presence. Thus, still the first preference for billions of people living in rural and pastoral areas. Furthermore, the online segment is estimated to be the fastest-growing with a CAGR of 6.4% over the forecast period 2022-2027. This growth is owing to changing lifestyles of people. The COVID-19 outbreak has changed peoples’ way of perceiving the world. To ensure safety consumers nowadays are looking for every single reason to avoid contact with others. On another hand, technological advancements, budding smartphone users, and advantages associated with e-commerce (round-the-clock access, time-saving, festival sales, doorstep delivery, return options, and others) are providing growth opportunities.
Global Ready to Drink Tea Market Segment Analysis-By End-User
The Global Ready to Drink Tea Market based on end-user can be further segmented into Households and Foodservice providers (cafes, restaurants, hotels, and others). The household segment held the largest share in 2021. The growth is owing to enlarging trend of healthy drinks like RTD tea among youngsters. Moreover, the non-availability of café services during widespread lockdowns to curb infection rates around the globe. However, the food service provider segment is estimated to be the fastest-growing with a CAGR of 6.3% over the forecast period 2022-2027. This growth is owing to the reopening of such hospitality venues. In addition to that, the trend of having tea and coffee in cafes is deeply indulged in the lives of millions of consumers living in high-income countries. Also, these hospitality venues provide a conducive atmosphere for spending quality time with loved ones, interacting with strangers, and clinching business deals.
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Global Ready to Drink Tea Market Segment Analysis-By Geography
The Global Ready to Drink Tea Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held the largest share with 39% of the overall market in 2021. The growth in this segment is owing to the factors such as the biggest tea-producing countries which include China, India, Vietnam, Sri Lanka, Indonesia, and Japan. Every year China produces nearly 2,400,000 tons of tea, whereas, India has over 900,000 tons annual production. Tea is already deeply rooted in Asian culture as it is consumed among billions of households to kick start the day. Therefore, the Asian population has a natural inclination toward ready-to-drink tea. Moreover, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to the mounting GDP per capita income of developing countries like China, Indonesia, and India. Thus, with expanding disposable income middle-class consumers have started reaching out to such products. In addition to that, rising health complications like obesity and diabetes with enlarging old-age population the overall demand for RTD tea has witnessed a sheer surge.
Global Ready to Drink Tea Market Drivers
Growing health attentiveness is Anticipated to Boost Market Demand.
Green tea is deemed to be a sound source with anti-obesity and anticancer properties as it is home to naturally occurring polyphenol antioxidants. Unsurprisingly, obesity is one of those health problems that has affected the quality of life of millions of individuals worldwide. According to a report by Harvard University, nearly 35-36 percent of the world population was obese in 2020. Likewise, the figure reached 36.2 percent in 2021. In addition to that, many island nations such as Nauru, Cook Island, Tonga, and others have more than 50 percent obesity rates. In addition to that, the numbers are anticipated to witness a rise owing to poor sedentary habits, poor ingestion, and little to no exercise. As a result, the demand for RTD tea is growing steadily.
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Augmenting GDP per capita of developing nations is Expected to Boost Market Demand.
The developing countries like India, China. Brazil, Indonesia, and others are becoming the new wealth center of the world as the exports of these nations are witnessing a sheer rise year after year. Owing to cheap labor, a massive network of quality expressways, skilled labor, and appealing government policies China has emerged as the biggest exporter worldwide. China’s GDP per capita has recorded a sheer rise in the last decade and has reached over $12,551 in 2021. Similarly, Indonesia’s GDP per capita income was whirling around $4,256 (nominal) in 2021 and is anticipated to reach nearly $5000 by 2023. On another hand, India is recording slow growth in terms of GDP per capita but the situation is likely to improve as it is projected that India will take over Japan to become 3rd largest economy in the world by the year 2030.
Global Ready to Drink Tea Market Challenges
Harsh environmental conditions, high price, and negatively impacted production are Anticipated to Hamper Market Growth.
Enlarging population, widescale CO2 emission, and rising global warming are resulting in extreme weather anomalies such as unexpected floods, widespread drought, changed season durations, torpedoes, and others with are not conducive for tea cultivation. According to NOAA's 2020 Annual Climate Report, the combined land and ocean temperature has increased at an average rate of 0.13 degrees Fahrenheit ( 0.08 degrees Celsius) per decade since 1880; however, the average rate of increase since 1981 (0.18°C / 0.32°F) has been more than twice that rate. As a result, it is posing a serious threat in front of the global ready-to-drink tea market. On another hand, compare to traditional tea, RTD is a bit expensive which may turn consumers aversive toward it, Also, negatively impacted production activities are resulting in a gap between demand and supply chain.
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Global Ready to Drink Tea Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Global Ready to Drink Tea top 10 companies include-
Suntory Holding
Coca-Cola Company
Sapporo Beverage
PepsiCo Inc.
Nestlé S.A.
Unilever PLC.
Danone S.A.
The Republic of Tea
Snapple Beverage Co
Tata Global Beverages
Recent Developments
On July 27, 2021, Kolkata, India-based well-recognized tea supplier company “Tata Tea” announced that the company has successfully acquired London, United Kingdom-based teas company “Tetley.” A payment of $450 million was made by Tata in order to bring the acquisition to a close. Tata has used leveraged buyout option to conclude the transaction.
On October 6, 2020, London, United Kingdom-based company “Unilever” which is well-recognized for its supplements, foods, and tea announced that it has successfully acquired California, United States-based company “Liquid I.V” known for its health-science portfolio. The financials of the acquisition were kept closed. Also, the transaction strengthened the wellness products portfolio of Unilever.
On March 11, 2020, New York, United States-based renowned food and beverage company “PepsiCo” announced that it has successfully acquired Nevada, United States-based company “Rockstar Inc” Known for its non-alcoholic drinks. A payment of $3.85 billion was made by PepsiCo to bring the acquisition to a close.
#Global Ready To Drink Tea Market#Global Ready To Drink Tea Market size#Global Ready To Drink Tea industry#Global Ready To Drink Tea Market share#Global Ready To Drink Tea top 10 companies#Global Ready To Drink Tea Market report#Global Ready To Drink Tea industry outlook
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Unveiling the Health Benefits of Hard Cider: Debunking Myths and Embracing Nutritional Value in the Cider Market
Introduction:
Hard cider, once relegated to the realm of indulgence, is now gaining recognition for its potential health benefits and nutritional value. As consumers become more health-conscious, there is growing interest in understanding the positive attributes of hard cider beyond its refreshing taste.
In this article, we'll delve into the health benefits of hard cider, dispel common myths surrounding its consumption, and shed light on its nutritional value.
According to Next Move Strategy Consulting, the global Cider Market is predicted to reach is predicted to reach USD 8.79 billion by 2030 with a CAGR of 5.2% from 2024 to 2030.
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Debunking Myths: Before delving into the health benefits of hard cider, let's address some common myths and misconceptions:
Myth: Hard cider is high in sugar and calories, making it unhealthy. Reality: While some hard ciders may contain added sugars and higher calorie content, many craft and artisanal ciders are made from pure apple juice with minimal additives. These ciders often have lower sugar and calorie levels compared to other alcoholic beverages like beer or wine. Additionally, the fermentation process converts much of the natural sugars in apples into alcohol, resulting in a beverage with a lower glycemic index.
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2. Myth: Hard cider is not as nutritious as fresh fruit or juice. Reality: Hard cider retains many of the nutrients found in apples, including vitamins, minerals, and antioxidants. Apples are rich in vitamin C, potassium, and dietary fiber, which contribute to overall health and well-being. While the fermentation process may reduce the vitamin C content slightly, the antioxidants and phytonutrients present in apples are still preserved in hard cider.
3. Myth: Hard cider is not suitable for individuals following a gluten-free or vegan diet. Reality: Hard cider is naturally gluten-free and vegan, making it an excellent alternative for individuals with gluten intolerance or dietary restrictions. Unlike beer, which is made from grains like barley or wheat, hard cider is made from fermented apple juice, making it inherently free from gluten and animal products.
Geographical Analysis
Asia-Pacific is expected to show a steady rise in the cider market during the forecast period, as there is an upsurge in demand for apple-flavored wine due to the rising awareness of the nutritional benefits of cider beverages among consumers.
For instance, in February 2023, the Lao Brewing Company launched two new premium beverages Somersby cider and Kronenbourg beer in Laos. The launch of these two new beverages is a significant move for the Lao Brewing Company, as it reflects the growing demand for premium beverages in the country.
Also, the increase in disposable income of consumers coupled with the rising number of bars, pubs, and restaurants that serve cider beverages fuels the growth of the cider market in this region.
Health Benefits of Hard Cider:
Now that we've dispelled some myths surrounding hard cider, let's explore its potential health benefits:
Antioxidant Properties: Hard cider contains polyphenols and flavonoids, potent antioxidants found in apples and other fruits. These antioxidants help neutralize free radicals in the body, reducing oxidative stress and inflammation, and lowering the risk of chronic diseases such as heart disease, cancer, and diabetes.
Heart Health: Moderate consumption of hard cider has been associated with improved heart health due to its beneficial effects on cholesterol levels and blood pressure. The polyphenols in apples may help lower LDL (bad) cholesterol levels, reduce blood pressure, and improve blood vessel function, thereby reducing the risk of cardiovascular disease.
Gut Health: The natural probiotics present in hard cider, derived from the fermentation process, can promote a healthy gut microbiome. Probiotics are beneficial bacteria that support digestion, improve nutrient absorption, and strengthen the immune system. Consuming hard cider in moderation may help maintain a balanced gut microbiota and alleviate digestive issues such as bloating, gas, and constipation.
Bone Health: Hard cider contains trace amounts of minerals such as calcium and magnesium, which are essential for bone health and density. While hard cider should not be considered a primary source of these nutrients, moderate consumption may contribute to overall bone health when combined with a balanced diet rich in calcium-rich foods.
Stress Reduction: Enjoying a glass of hard cider in moderation can have relaxing effects on the body and mind, reducing stress and promoting relaxation. The act of savoring a well-crafted cider can be a sensory experience that helps alleviate tension and unwind after a long day.
Competitive Landscape
Various prominent players operate in the cider market including Original Sin Cider, Boston Beer Company, Heineken UK Ltd., Bryant’s Dry Cider LLC, CUB Premium Beverages (Asahi), Aston Manor, C&C Group PLC., Carlsberg Breweries A/S, Anheuser-Busch InBev SA/NV (AB InBev), and Westons Cider among others.
These market players are adopting various product launches and partnership strategies across various regions to maintain their dominance in the cider market.
For instance, in February 2022, Heineken UK launched a new low-calorie cider called Strongbow Ultra Dark Fruit. The cider has a fruity flavor and is available in a sleek can. It is aimed at younger drinkers who are looking for a refreshing and flavorful drink.
Conclusion:
Hard cider offers more than just a refreshing beverage option—it also provides potential health benefits and nutritional value when consumed in moderation. By dispelling myths and embracing the natural goodness of apples, we can appreciate hard cider as a flavorful and wholesome addition to a balanced lifestyle. Whether enjoyed on its own or paired with a meal, hard cider can be a delightful indulgence that nourishes the body and delights the senses.
#cider market#craft cider#apple cider vinegar#food and beverages#food and drink#beverage industry#market research'#market trends
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Global Olive Oil market Size Expected To Reach USD 17.33 Billion With CAGR 2.9% By 2030
Market Overview:
The Olive Oil market estimated at USD 13.79 Billion in the year 2022, is projected to reach a revised size of USD 17.33 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2023-2030.
Olive oil is a liquid fat that is obtained by pressing whole olives, a traditional tree crop of the Mediterranean Basin (Olea European family Oleaceae). It is frequently used in cooking, in salad dressings, and for frying food. Additionally, it can be found in some soaps, medicines, cosmetics, and fuel for conventional oil lamps. Some religions use it for additional purposes as well. Along with wheat and grapes, the olive is one of the three staple food crops in Mediterranean cuisine. Since the eighth millennium BC, olive trees have been grown in the Mediterranean region. The market is expanding as a result of the rising demand from the food industries.
Top Key Players in Olive Oil Market:
Borges International Group (Spain), Deoleo S.A. (Spain), EU Olive Oil (U.K.), Artajo oil(Spain), SALOV GROUP (Italy), Aceites Sandúa (Spain), Tucan Olive Oil Company (U.S.), Domenico Manca S.p.a (Italy), Minerva Foods(Greece), Olinexo S.L. (Spain), Nutrinveste SGPS (Portugal), and Other Major Players.
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Market Dynamics and Factors for the Olive Oil Market:
Drivers:
Increasing Awareness About Health Benefits From olive oil
The health advantages that Olive Oil provides are what primarily fuel its market demand. Due to the creation of organic non-alcoholic Olive Oil drinks, Olive Oil is now categorized alongside organic soft drinks and tea. Due to its beneficial interactions with the gut, Olive Oil has a number of health benefits. Several studies have also revealed that regular Olive Oil consumption aids in calorie burning, belly fat reduction, blood sugar regulation, and cholesterol reduction.
Opportunities:
Increasing Use of Olive Oil in Aromatherapy and Household
Olive oil is an extremely alluring ingredient to use in cooking due to its health advantages. Olive oil, which is rich in polyphenols, amino acids, and good monounsaturated fats, can play a significant role in creating a balanced diet as well as in enhancing the flavor and depth of food. Olives grown in the Mediterranean region are used to press olive oil. It has additionally been applied topically as a demulcent and emollient in creams or ointments in the pharmaceutical industry as a vehicle for oily suspensions for injections. It was once employed as a laxative.
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Segmentation Analysis of the Olive Oil Market:
By Type, Virgin olive oil is obtained directly from the ripe fruit by mechanical procedures. It is the only food that is consumed unprocessed and retains all of its natural properties. Excellent antioxidants in olive oil, such as polyphenols and vitamin E, are lost during the refining process.
By Application, the Food and beverages segment is dominating the Olive Oil market. Olive oil is widely recognized as a healthier alternative to other cooking oils due to its high monounsaturated fat content and potential health benefits. Consumer preferences for healthier eating habits drove the demand for olive oil as a cooking and dressing option.
By Type
Virgin
Refined
Others
By Application
Food And Beverages
Pharmaceutical
Cosmetic And Personal Care
Aromatherapy
Others
By Distribution Channel
Online
Supermarkets or Hypermarkets
Specialty Store
Others
By End Users
Food and Beverage
Personal Care
Pharmaceuticals
Others
Regional Analysis of the Olive Oil Market:
The market in Europe is further fueled by consumers' increased interest in healthy oils as a means of avoiding lifestyle-related health issues that can arise from their hectic lifestyles. As a result, enterprises intending to enter the worldwide olive oil sector find these regions to be the most enticing. Europe is the largest importing region of olive oil in the world. The leading European olive oil producer has facilities in both Spain and Italy, which exchange the company’s olive oil among them during processing.
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In June 2021 - Pietro Coricelli, an Umbrian olive fruit oil producer and one of the largest and most widely distributed olive fruit oil brands in the world, announced that it would join IBM Food Trust to use blockchain technology to trace its extra-virgin olive fruit oil.
In December 2021 Borges officially opens a new seed oil extraction plant in tárrega, creating value in the territory. Borges Agricultural & Industrial Edible Oils has reached a hugely significant milestone in its master plan, which is designed to improve efficiency, competitiveness, and sustainability.
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Tea Polyphenols Market: Forthcoming Trends and Share Analysis by 2030
Global Tea Polyphenols Market was valued at USD 215.18 Million in 2021 and is expected to reach USD 352.37 Million by the year 2028, at a CAGR of 7.3% .
The Tea Polyphenols Market has experienced substantial growth in recent years owing to the increasing awareness regarding the health benefits associated with tea consumption. Polyphenols, the natural compounds found in tea, have gained significant attention due to their antioxidant properties and potential health-promoting effects. With consumers becoming more health-conscious and seeking natural ingredients, the demand for tea polyphenols has surged across various industries including food and beverage, pharmaceuticals, and cosmetics.
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Leading players involved in the Tea Polyphenols Market include:
Indena, Chr. Hansen, DSM, Ajinomoto OmniChem Natural Specialty, Xian Haotian Bio-engineering Technology, Amax NutraSource, Frutarom, BioseraeLayn Natural Ingredients, DuPont-Danisco, Tianjin Jianfeng Natural Products, Arry Callebaut and other major key players.
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Segmentation of Tea Polyphenols Market:
By Type
Green Tea
Black Tea
Oolong Tea
Others
By Application
Food & Beverages
Dietary Supplements
Functional Foods & Beverages
Cosmetics
Others
By Distribution Channels
Online Retailing
Mass Retailers
Direct Selling
By Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
Highlights from the report:
Market Study: It includes key market segments, key manufacturers covered, product range offered in the years considered, Global Tea Polyphenols Market, and research objectives. It also covers segmentation study provided in the report based on product type and application.
Market Executive Summary: This section highlights key studies, market growth rates, competitive landscape, market drivers, trends, and issues in addition to macro indicators.
Market Production by Region: The report provides data related to imports and exports, revenue, production and key players of all the studied regional markets are covered in this section.
Tea Polyphenols Profiles of Top Key Competitors: Analysis of each profiled Roll Hardness Tester market player is detailed in this section. This segment also provides SWOT analysis of individual players, products, production, value, capacity, and other important factors.
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#Tea Polyphenols#Tea Polyphenols Market#Tea Polyphenols Market Size#Tea Polyphenols Market Share#Tea Polyphenols Market Growth#Tea Polyphenols Market Trend#Tea Polyphenols Market segment#Tea Polyphenols Market Opportunity#Tea Polyphenols Market Analysis 2023
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Bioactive Ingredients: A Deep Dive into Growth Factors and Competitive Strategies
The global bioactive ingredients market size is expected to reach USD 317.90 billion by 2030, registering a CAGR of 7.9% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for functional food and beverages owing to increasing awareness among people regarding healthy living. Furthermore, the increasing use of beauty care products owing to rising disposable income and improving the standard of living is fueling the product demand. Bioactive ingredients are a set of essential substances produced by natural sources, such as plants and animals, as they are not synthesized by the human body. There are two types of ingredients, namely, essential and non-essential.
Bioactive Ingredients Market Report Highlights
The omega 3 PUFA segment is estimated to have the fastest CAGR from 2023 to 2030 owing to their high vitamin, protein, and mineral content and application in the treatment of diseases, such as cancer, asthma, and depression
The omega-3 fatty acids help lower the risk of abnormal heartbeats or arrhythmias. Furthermore, it helps lower triglyceride levels & blood pressure and slow atherosclerotic plaque growth
The dietary supplements application segment will witness the highest growth rate from 2023 to 2030 due to the increasing awareness regarding the benefits of dietary supplements
Asia Pacific is expected to witness the fastest CAGR over the forecast period due to the growing aging population and high demand for functional foods & drinks and dietary supplements
The market is highly competitive due to the presence of a large number of manufacturing companies
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The unconsumed parts of fruits and vegetables contain essential nutrients, which are extracted and further used by food and pharmaceutical manufacturers for the production of functional foods and medicines. The industry offers growth opportunities to manufacturers owing to increasing product usage in dietary supplements. Moreover, the product is extensively used in the development of personal care products, such as shampoos, soaps, and moisturizers. Bioactive ingredients, such as carotenoids, flavonoids, and polyphenols, protect the skin from negative environmental effects, such as pollution. These ingredients also act as antiaging, anti-wrinkling, and whitening agents, as well as offer UV protection.
Asia Pacific is expected to drive the product demand in food products owing to the rising consumer disposable income, rapid globalization, and changing lifestyle in the region. Moreover, growing awareness among consumers in countries, such as China, India, Indonesia, Malaysia, and Japan, about the product benefits will spur its demand in the food & beverages sector. During the pandemic, functional food & beverage manufacturers reported colossal demand for food products that contain natural content. Consumers adopted healthy foods that provide extra nutritional benefits to strengthen immunity due to the rising COVID-19 cases. Thus, F&B manufacturers shifted their focus to the production of functional foods & beverages. This, In turn, augmented the product demand.
#BioactiveIngredients#Nutraceuticals#FunctionalFoods#HealthSupplements#NaturalProducts#Phytochemicals#Biotechnology#NutritionIndustry#FoodScience#DietarySupplements
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India Herbal Tea Market Analysis, Demand, Report 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Herbal Tea Market size by value at USD 8.09 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Herbal Tea Market size to expand at a CAGR of 5.74% reaching a value of USD 15.36 billion by 2030. The Herbal Tea Market in India is propelled by the rising lifestyle-related ailments, including diabetes and cardiovascular diseases and increasing awareness about the health advantages associated with herbal tea, particularly in addressing conditions like cancers and obesity. Polyphenols present in the tea have demonstrated substantial inhibitory effects on tumor cell growth and the induction of apoptosis or cell death. Given the global rise in the prevalence of these health issues, with heart diseases and cancer ranking as the leading causes of annual mortality, there is a projected increase in demand for herbal tea. Also, the skincare sector is experiencing increased demand for herbal tea products due to their rich content of antioxidants and minerals, acknowledged for their ability to decelerate skin aging and rejuvenate skin damaged by the sun. Notably, various cosmetic brands have introduced facial scrubs and kits incorporating green tea, targeting the treatment of acne, blackheads, and other skin-related concerns. The expansion of herbal tea into a novel industry is expected to stimulate market demand.
By volume, BlueWeave estimated the India Herbal Tea Market size at 542.87 million kg in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Herbal Tea Market size by volume is projected to grow at a CAGR of 5.21% reaching the volume of 788.53 million kg by 2030. A recent data indicates a noteworthy 12.06% surge in India's overall tea production, reaching 182.84 million kg in October 2023 compared to 163.15 million kg in the same period last year. Key contributors to this increase include West Bengal, Assam, and small tea growers, with the CTC variety dominating production at 167.72 million kg. Green tea production accounted for 2.14 million kg.
Opportunity - Innovations in flavors and blends
The Herbal Tea Market provides an extensive array of flavors and blends tailored to diverse consumer preferences. While contemporary choices like hibiscus, turmeric, and echinacea are gaining traction, conventional herbs, such as chamomile, peppermint, and ginger, continue to hold sway. Producers are also venturing into innovative combinations, incorporating exotic elements like rose petals, lemongrass, and lavender. This broad spectrum of flavors and associated wellness benefits empowers customers to customize their tea experience and delve into novel tastes. The market's diversity allows for exploration and caters to a range of consumer preferences, combining both traditional and unconventional herbal tea options.
Impact of Escalating Geopolitical Tensions on India Herbal Tea Market
Geopolitical tensions can have a multifaceted impact on the India Herbal Tea Market. Heightened geopolitical instability can disrupt the supply chain, affecting the procurement of essential ingredients for herbal tea production. Fluctuating diplomatic relations and trade uncertainties may lead to increased costs, influencing market dynamics and pricing structures. Moreover, geopolitical tensions can influence consumer sentiment, impacting purchasing patterns and market demand. Stakeholders in the India Herbal Tea industry need to navigate these complexities, adapt supply chain strategies, and monitor geopolitical developments closely to mitigate potential disruptions and sustain market stability amid the challenging geopolitical landscape.
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India Herbal Tea Market
Segmental Information
India Herbal Tea Market – By Distribution Channel
Based on distribution channel, the India Herbal Tea Market is divided into Supermarkets & Hypermarkets, Online Stores, Convenience Stores, and Specialty Stores segments. The online stores segment holds the highest share in the India Herbal Tea Market by distribution channel. It can be attributed to the convenience and accessibility it offers to consumers. Online platforms provide a wide array of herbal tea options, enabling consumers to explore and purchase products conveniently from the comfort of their homes. The ease of comparing prices, reading reviews, and accessing a diverse range of brands contributes to the popularity of online stores. Furthermore, the growing digitalization, coupled with doorstep delivery services, enhances the overall customer experience. As a result, the online stores segment holds the highest market share, reflecting the evolving consumer preferences and the digital transformation of retail.
India Herbal Tea Market – By Region
Geographically, the India Herbal Tea Market is divided into North India, South India, East India, and West India regions. The North India region holds the highest share in the India Herbal Tea Market. It is primarily due to an increasing health awareness among the population, the convenient accessibility of herbal tea through e-commerce platforms and distribution channels, and the growing trend of urbanization with a simultaneous migration of rural residents to urban areas. The dominance of North India in the herbal tea market can be attributed to the combined impact of health consciousness, digital availability, and urbanization trends, emphasizing the region's significance in shaping the market landscape.
Competitive Landscape
The India Herbal Tea Market is fragmented, with numerous players serving the market. The key players dominating the India Herbal Tea Market include Dabur India Limited, Dharmsala Tea Company, Goodwyn Tea, Hain Celestial Group, Hindustan Unilever Ltd, Organic India Pvt Ltd, Tata Consumer Products, Teabox, Typhoo India Tea Limited, and Yogi Tea. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
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Blueberry Ingredients Market Symphony: Harmonizing Health and Flavor in Every Bite
Blueberry ingredients are extracts obtained from blueberries that are used as flavors, colors, and nutritional supplements in food and beverages products. Blueberries are a rich source of antioxidants like anthocyanins and other polyphenols that help manage chronic diseases and provide several health benefits. The blueberry ingredients offer advantages like natural colors and flavors, along with nutritional and functional properties. The increasing demand for plant-based healthy ingredients in functional beverages is driving the growth of the blueberry ingredients market.
The global blueberry ingredients market is estimated to be valued at US$ 2,227.4 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity: The growing health consciousness among consumers and rising demand for functional beverages provides lucrative growth opportunities for blueberry ingredients. Blueberry extracts offer various health benefits like improved heart health, anti-aging properties, enhanced brain function, and boosted immunity. They can be used to develop innovative functional beverages with nutritional and wellness attributes. The unique flavors and antioxidant-rich composition make blueberry extracts suitable for developing herbal teas, energy drinks, probiotic drinks and other health drinks. The stabilizing and natural coloring properties further support beverage formulations. The opportunity in functional beverages is driving increased application of blueberry ingredients in the beverage industry.
Porter's Analysis Threat of new entrants: The blueberry ingredients market is moderately difficult to enter due to requirements for specialized equipment, established relationships with suppliers and buyers, and technical expertise.
Bargaining power of buyers: Buyers in the blueberry ingredients market have moderate bargaining power due to the availability of substitutes and undifferentiated products offered by competitors.
Bargaining power of suppliers: Suppliers of blueberries have moderate bargaining power due to their specialty nature and limited number of suppliers that can meet the standards required for food grade blueberries.
Threat of new substitutes: The threat of substitutes is moderate as other fruits such as cranberries can be used in similar applications as blueberries.
Competitive rivalry: The competitive rivalry in the market is high due to many companies offering similar products.
SWOT Analysis Strengths: Blueberries have strong antioxidant properties and are considered a superfood. The bright blue color also allows for appetizing product formulations. Weaknesses: Blueberry crops are vulnerable to weather and pests. Price competition can reduce profit margins. Opportunities: Growth in demand for natural ingredients is driving new product development. Emerging markets offer substantial growth potential. Threats: Volatility in berry prices impacts raw material costs. Stringent food safety regulations increase compliance costs.
Key Takeaways
The global blueberry ingredients market is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2024 is projected to be USD 2,277.4 Mn, growing at a CAGR of 7.3% thereafter.
Regional analysis indicates that North America currently dominates the market, accounting for over 30% share globally. This is attributed to heavy production and consumption of blueberries in the US and Canada. Europe follows in second position, driven by heightened health awareness among consumers in Western nations. Meanwhile, Asia Pacific is emerging as the fastest growing regional market for blueberry ingredients, with China and India recognized as key growth markets.
Key players operating in the blueberry ingredients market are Ingredion Incorporated, AGRANA Beteiligungs-AG, Dohler GmbH, Sensient Technologies Corporation, Tianjin Jianfeng Natural Product R&D Co. Ltd, Givaudan SA, FutureCeuticals, Scenic Fruit Company, Atlantic Blueberry Company Inc., and Jasper Wyman & Son Inc. These leading companies are focusing on new product developments and capacity expansions to strengthen their foothold in the industry.
#Blueberry Ingredients Market Share#Blueberry Ingredients Market Growth#Blueberry Ingredients Market Demand#Blueberry Ingredients Market Trend#Blueberry Ingredients Market Analysis
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Grape Seed Extract Market Analysis: A Comprehensive Study on Industry Growth
The Grape Seed Extract Market is estimated to be valued at US$ 219.7 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview:
Grape seed extract is derived from the seeds of grapes. The extract contains beneficial plant compounds like procyanidins, proanthocyanidins, phenolic acids and flavonoids that act as antioxidants and provide anti-inflammatory properties. It is used as a dietary supplement in various products due to its numerous health benefits. Grape seed extract helps improve cardiovascular health, reduces the risk of cancer and supports healthy brain function. Market Key Trends:
One of the major trends in the grape seed extract market is its increasing demand from the nutraceutical industry. The growing health awareness among consumers has fueled the demand for nutraceuticals and dietary supplements. Grape seed extract find applications in formulating supplements for heart health, eye health, joint health and more. It is also used in skin care products for its antioxidant properties. Various clinical studies have validated the antioxidant and anti-aging effects of grape seed extract on the skin. This growing acceptance of its benefits across personal care and nutraceutical sectors is expected to drive the grape seed extract market during the forecast period. Porter’s Analysis
Threat of new entrants: The grape seed extract market has moderate threat of new entrants due to the requirement of large capital investments and established distribution channels by existing players.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes like green tea extract. However, grape seed extract has significant health benefits attracting buyers.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to the availability of substitutes and established supply chains of extract manufacturers.
Threat of new substitutes: The threat from substitutes is moderate as there are alternatives available like green tea extract though grape seed extract offers unique health advantages.
Competitive rivalry: High as major players compete on the basis of innovation, quality, and price.
SWOT Analysis
Strength: High antioxidant and anti-inflammatory properties of grape seed extract offering various health advantages.
Weakness: Fluctuating raw material prices can impact production costs. Limited applications due to strong taste and color of grape seed extract.
Opportunity: Growing consumer preference for herbal supplements and natural ingredients in cosmetics and food & beverages.
Threats: Stringent regulations pertaining to usage of grape seed extract in different applications. Intense competition from existing market players.
Key Takeaways
The global grape seed extract market is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing demand for natural antioxidants and anti-aging ingredients in cosmetics and nutraceuticals industries. Regionally, North America dominated the global grape seed extract market in 2023, accounting for over 35% of the global market share. Europe was the second-largest market, wherein increasing consumption of dietary supplements in countries like Germany, France, and U.K. is boosting the regional market. Asia Pacific is expected to be the fastest-growing regional market for grape seed extract during the forecast period, owing to growing health consciousness and rising disposable incomes in populous countries like China and India. Key players operating in the grape seed extract market are Botanic Innovations LLC, Polyphenolics, NATUREX, Nexira, Augusto Bellinvia srl, Hunan NutraMax Inc., Jianhe Biotech Co., Ltd., Ambe NS Agro Products Pvt. Ltd., Midas Pharma GmbH, and Bhooratna Agri Processors. Major players are focusing on new product launches, capacity expansions and strategic partnerships to strengthen their market position in different regions.
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From Bean to Bar: Navigating the Organic Cocoa Market Trends from 2023 to 2030
The global organic cocoa market is expected to grow at a CAGR of 7.6% from 2023 to 2030, reaching a value of US$ 1,103.85 million by 2030. Organic cocoa is gaining popularity due to increasing consumer awareness of the health benefits of organic products and the environmental benefits of organic farming. Organic cocoa is produced without the use of synthetic fertilizers or pesticides, which can have harmful effects on human health and the environment.
Cocoa is one of the most widely used raw ingredients in the food and beverage industry. It's loaded with polyphenol, an antioxidant that also lowers blood pressure and reduces inflammation. Cocoa is the only ingredient used to make dark chocolate.
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Reports state that eating chocolate has a number of advantageous health advantages. Chocolates lower the risk of heart disease and provide some nutritional value necessary for the body's growth and development.
But in order for cocoa to be certified organic, it needs to meet certain standards. Organic farming guidelines limit the use of synthetic pesticides and fertilizers. Additionally, they demand certain methods and protocols that ensure traceability and transparency for the preservation of plants and soil. Global organic standards vary slightly, but they all generally seek to protect people's health as well as the health of soils and ecosystems.
Here are some of the benefits of organic cocoa:
Healthier: Organic cocoa is free of synthetic pesticides, herbicides, and fertilizers, which can be harmful to human health.
More sustainable: Organic cocoa farming practices are more sustainable than conventional farming practices, and they help to conserve soil and water resources.
Tastes better: Organic cocoa powder has a rich, dark chocolate flavor that is often preferred over conventionally grown cocoa powder.
Rich in nutrients: Organic cocoa powder is a good source of antioxidants and minerals, including iron, magnesium, and zinc.
Key Takeaways:
The global organic cocoa market is expected to grow at a CAGR of 7.6% from 2023 to 2030, reaching a value of US$ 1103.85 million by 2030.
The rising consumer preference for organic and sustainably sourced products is driving the growth of the market.
The increasing awareness regarding the health benefits of organic cocoa is also contributing to market growth.
The expanding demand for organic chocolates and confectionery products is further fueling market expansion.
Challenges in organic cocoa cultivation, such as susceptibility to pests and diseases, limited availability of organic-certified land, and the longer time required for organic cocoa trees to reach maturity, act as restraints to the market.
The higher price of organic cocoa compared to conventional cocoa is also a restraint to the market.
Regional Outlook:
Europe is expected to be the largest market for organic cocoa, followed by North America.
The Asia Pacific region is expected to be the fastest-growing market due to the increasing disposable income and rising awareness of the health benefits of organic cocoa.
Key Players:
Akesson & Sons AB
Barry Callebaut AG
Blommer Chocolate Company
Cargill Incorporated
Chocolaterie de Marou
Ecom AgroIndustrial Corp. Ltd.
Hershey Company
Mars, Incorporated
Mondelēz International, Inc.
Ritter Sport GmbH
Segmentation:
By Type:
Cocoa Liquor
Cocoa Powder
Cocoa Butter
By Application:
Confectionery
Food and Beverage
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Bioplastics & Biopolymers Market Trends & Revenue Analysis
Bioplastics & Biopolymers Market projected to reach USD 46.1 billion in 2030
Bioplastics & Biopolymers Market, By Type (Biodegradable, Non-Biodegradable, Others), by End-Use Industry (Packaging, Consumer Goods, Automotive and Transportation, Textile, Agriculture, Others), By raw material (Sugar Cane, Potato, Corn Starch, Switchgrass, Vegetable Oil, Cassava, Wheat, Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Market Overview
The global Bioplastics & Biopolymers market size was estimated at USD 13.6 billion in 2023 and is projected to reach USD 46.1 billion in 2030 at a CAGR of 19.1% during the forecast period 2023-2030.
Moldable plastic made from chemical compounds derived or synthesized by microbes such as bacteria or genetically modified plants. Bioplastic is a durable plastic made from bio-based materials such as sugar, algae and starch. Biopolymers are a broad class of materials that include, in addition to bioplastics, natural polymers such as silk, chitosan and wool. Examples of biopolymers are natural gums (isoprene polymers), suberin and lignin (complex polyphenolic polymers), cutin and cutan (complex polymers of long-chain fatty acids), and melanin. Bioplastics are made from human and animal waste, plant products and agricultural waste, which are then recycled and used to make new products using the latest technology. Bioplastics and biopolymers are widely used in the packaging industry. Therefore, bio-based raw materials such as starch and plant by-products are used to meet strict government environmental regulations. Therefore, the quality of the products in this industry is worse than in the traditional plastic manufacturing industry. Bioplastics are mostly used for food storage and can be stored for longer periods of time without refrigeration while maintaining their chemical properties.
The main factor driving the growth of the bioplastics-biopolymers market is the widespread use of biopolymers in the automotive and construction industries. In addition, growing consumer preference for eco-friendly plastic products, rising waste management regulations in Europe, and governments' focus on green procurement policies and regulations are also expected to boost the growth of the bioplastics-biopolymers market. However, higher prices and performance issues than traditional bioplastics restrain the bioplastics - biopolymers market, while oil price volatility and limited regulations related to bioplastics in developing countries challenge market growth.
The coronavirus pandemic has had mixed effects on the bio-based sector, with some companies helping to combat the epidemic with technological solutions, while others appear to be seeing increased demand for biodegradable carry-on packaging.
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Delvens Industry Expert's Standpoint
The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The bioplastics and biopolymers market is primarily driven by increasing demand for plastic convenience and premium foods, increasing urban population leading to food adoption, increasing consumption of processed or stored foods and packaged foods for consumers worldwide, increasing disposable income of eatable food and versatility of food and packaging. One of the dominant end uses in the bioplastics and biopolymers market is packaging. Bioplastic, especially biodegradable bioplastic, is becoming a substitute for conventional plastic for environmental reasons. Bioplastics are increasingly used in bottles, films, clamshell packaging, waste collection bags, carrier bags, mulch films and serving dishes. In addition, the market is expected to grow due to the increase in demand for packaged foods, innovation and development of bioplastic packaging, increasing healthcare of consumers, and increasing wear-resistant foods by food owners. Changing lifestyles of consumers in developed countries, growing pharmaceutical, food and other industries, and the emergence of new product developments in the field of bioplastic and biopolymer products will create opportunities for manufacturers in the global market during the forecast period. These factors have led to the expansion of the market and increased demand for Bioplastics & Biopolymers solutions.
Key Findings
The type segment is further fragmented into Biodegradable, Non-Biodegradable and Others. The Starch based segment under the biodegradable segment is expected to account for a larger market size during the forecast period. Starch is usually added to conventional plastics to give the resulting compounds some degree of biodegradability. Starch blends are excellent biodegradable fillers due to the poor thermal stability and melting properties of most materials. They can be used to reduce costs and accelerate the biodegradation of composite materials. Low starch content and PP blends increase flexibility and flexibility, making the grade ideal for extrusion applications. The grade's high starch content promotes brittleness, resulting in low tensile strength compared to conventional PP, making it suitable for injection molding applications.
The raw material segment is further bifurcated into sugar cane, potato, corn starch, switchgrass, vegetable oil, cassava, wheat and others. The corn starch is the largest market during the forecast period. Corn starch is obtained from corn kernels, which are used to make polylactic acid (PLA). Corn kernels are the cheapest available and also the most abundant source available. Corn bioplastics made from PLA are a popular alternative to traditional plastics derived from petroleum-based chemicals. Biodegradable packaging materials, food bags and food packaging materials can be made from cornstarch bioplastic. It is also used in medical implants and surgical devices such as sutures, ligatures and mesh. One of the leading manufacturers, NatureWorks LLC, launched Inge's line of bioplastics derived from corn starch for high-value-added applications in rigid and flexible packaging manufacturing.
The end-user industry segment is further bifurcated into packaging, consumer goods, automotive and transportation, textile, agriculture, others. Large enterprises to account for a larger market size during the forecast period. Biopolymers have special advantages such as biodegradability and bio-based content, making them a better choice for agriculture. Farmers used BAT and PBS mulch films to improve crop productivity and soil quality. These polymers are also used in the cultivation, harvesting and processing of agricultural products. Agricultural films can also be used to make pots. Biopolymers such as starch-based plastics, BAT and PBS are used in a wide range of applications, including agricultural mulch films, seed strips, ribbon plantings, planters and cover films. Adding mulch increased biodegradability and water solubility of bioplastic. This has led to an increase in demand for bioplastics in agriculture.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe is estimated to account for the largest market share during the forecast period owing to the consumer acceptability of bioplastics.
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Regional Analysis
Europe to Dominate the Market
Europe is estimated to account for the largest market share during the forecast period. In Europe, consumers have started accepting bioplastics for their daily uses.
Moreover, the increasing usage of bioplastics in key end-use industries such as consumer goods, packaging, textiles, automotive & transportation, and medical devices among others.
Competitive Landscape
Arctic Biomaterials
Avantium
BASF SE
Biome Bioplastics Ltd.
Bio-On
Biotec
Braskem SE
Cardia Bioplastics
Corbion
Futerro
Green Dot Bioplasics
Ineos Styrolution
LyondellBasell
Mitsbushi Chemical Group Corporation
Natureworks LLC
Novamont SPA
Plantic Technologies
SABIC
Solvay
Teijin Ltd.
Teknor Apex
Toray Industries
Total Energies
Trinseo S.A.
Recent Developments
In November 2022, Total Energies Corbion announced a long-term collaboration with BGF. Both companies entered into arrangement for application development and the supply of Luminy PLA.
In October 2022, Braskem announced to expand its I'm greenTM biopolymer production capacity by 30%. The company is investing USD 60 million to expand the capacity. Brakem and SC chemicals are the partners for the project. This partnership helps to double the current capacity for I'm greenTM products.
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Reasons to Acquire
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
Gain authentic and granular data access for the Bioplastics & Biopolymers Market to understand the trends and the factors involved in changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Report Scope
The Bioplastics & Biopolymers Market is segmented into various segments such as Type, End-user industry, raw material and region:
Based on Type
Biodegradable
PLA
PBAT
PHA
PBS
Starch Based
Cellulose Films
Others
Non-Biodegradable
Bio-PE
Bio-PP
Bio-PET
Bio-PA
PTT
PEF
Others
Based on the End-Use Industry
Packaging
Consumer Goods
Automotive and Transportation
Textile
Agriculture
Others
Based on the Raw Material
Sugar Cane
Potato
Corn Starch
Switchgrass
Vegetable Oil
Cassava
Wheat
Others
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Kombucha Market Size Worth $9.70 Billion By 2030
The global kombucha market size is expected to reach USD 9.70 billion by 2030, according to a new report by Grand View Research, Inc. Furthermore, the market is expected to expand at a 15.6% CAGR from 2022 to 2030. The market has reported rapid growth in recent years and has caught consumers’ attention recently, as kombucha is considered to be a functional beverage. Growing consumer awareness of functional beverages has escalated the demand for kombucha. The product has grown into a commercial product in the U.S. and several companies are producing it, and the variety of kombuchas is increasing rapidly.
Kombucha has gained immense popularity in recent times due to various associated health benefits. The therapeutic effects of this beverage are thought to be derived from its chemical composition, mainly the polyphenols and secondary metabolites, which are produced during fermentation. Kombucha is considered a potential beverage and has replaced the consumption of carbonated beverages due to its possession of health benefits and therapeutic properties. The product has gained popularity in the U.S., China, Russia, Germany, and the Middle Eastern countries, and is produced on a large scale for consumption.
The conventional kombucha segment accounted for the dominant share of the global revenue in 2021. The growing availability of conventional kombucha in flavors of fruits and herbs, such as ginger, lemon, blueberry, raspberry, strawberry, lime, mint, and mango, is driving the product demand. With the current trend of growing cannabidiol (CBD) application in the U.S. food industry, some market players are launching CBD-infused kombucha in the market, thus driving the product demand.
The off-trade segment is expected to grow with a higher CAGR during the forecast period. Several brands are using proprietary filtration and encapsulation technologies that allow probiotic bacteria to survive pasteurization and survive at room temperatures, to make it suitable for kombucha to be kept on non-refrigerated shelves in supermarkets. These technologies are being employed by non-alcoholic (less than 5% alcohol) and alcoholic kombuchas like Flying Embers to make products sustain for a more extended period.
The market for kombucha is highly competitive and dominated by large multinational manufacturing companies. These companies face intense competition, especially from the top players in the kombucha industry, as they have a large consumer base, strong brand recognition, and vast distribution networks.
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Kombucha Market Report Highlights
North America held the largest regional share and is expected to advance at a CAGR of 15.9% through 2030, as regional consumers are consuming kombucha in order to boost immunity, increase energy, improve gastrointestinal (GI), joint health & liver functions, and lower blood pressure and cholesterol
The hard kombucha segment is expected to advance at a higher CAGR during the forecast period, as they are preferred by consumers who enjoy non-alcoholic beverages such as premium crafted cocktails with low-ABV content
The on-trade segment accounted for a larger share of the global revenue in 2021, owing to the increasing consumption of kombucha in classic cocktails through premium bars, cafés, restaurants, and hotels
Kombucha Market Segmentation
Grand View Research has segmented the global kombucha market on the basis of product, distribution channel, and region:
Kombucha Product Outlook (Revenue, USD Million, 2017 - 2030)
Conventional
Hard
Kombucha Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
On-trade
Off-trade
Kombucha Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Netherlands
Switzerland
Asia Pacific
China
India
Japan
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
UAE
South Africa
List of Key Players in the Kombucha Market
GT’s Living Food
København Kombucha
Remedy Drinks
GO Kombucha
Læsk
Lo Bros.
VIGO KOMBUCHA
Brothers and Sisters
BB Kombucha
MOMO KOMBUCHA
Real Kombucha
Equinox Kombucha
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