food and beverages

Moringa Products Market Analysis | Share, Global Trends, Key Players by Forecast to 2025

Market Insight

Global Moringa Products Market has been segregated, by Category, into Organic and Conventional. The conventional segment is expected to garner major share in the global moringa products market owing to the huge availability of conventional moringa products. However, the organic segment is anticipated to project a higher CAGR during the forecast period due to the rising inclination of consumers towards organic products.

Moringa grows in the tropical and subtropical regions across the world. Moringa is high in nutrition due to the presence of a several essential phytochemicals in seeds, pods and leaves. Additionally, moringa is easily cultivable which leads to increasing usage of the plant in various applications. Moringa is enriched with phytosterols such as sitosterol, stigmasterol, and KAMPESTEROL, these molecules stimulate the mammary gland ducts to produce milk in lactating mothers. Moringa is used to treat malnutrition in children younger than three years. Considering these factors, there is an increasing demand of moringa products in the market.

Global Moringa Products Market Analysis has been segregated, by application, into functional food & beverages, personal care, pharmaceuticals & nutraceuticals, animal feed, and others. The pharmaceuticals & nutraceuticals segment is projected to gain largest share in the global moringa products market due to the major application of moringa products in nutraceuticals. The high antioxidant activity of moringa leaves categorize them as superfoods and play a vital role as a food supplement. However, the personal care segment is anticipated to grow with the highest growth rate during the forecast period owing to the significant growth of personal care and cosmetics sector.

Based on type, the global moringa products market has been segmented into leaves & leaf powder, seeds & seed oil, and others. The leaves & leaf powder segment is anticipated to gain the largest revenue share in the global moringa products market and shall maintain lead throughout the forecast period. Moringa leaves and leaf powder are being used in various applications such as pharmaceuticals, nutraceuticals, animal feed, and others due to the health benefits offered by the plant. This is a crucial determinant that is CATALYZING the growth of leaves & leaf powder segment in the global moringa products market. The same segment is expected to grow with the highest growth rate owing to the growth of end-use industries in which moringa leaves and leaf powder is used.

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Key Players

Some of the key players in the Global Moringa Products Market are Organic India Pvt. Ltd. (India), Kuli Kuli, Inc. (the US), Ancient GreenFields Pvt Ltd. (India), Nova Nutritions (the US), Only Natural Inc. (the US), Grenera (India), Earth Expo Company (India), Moringa Source LLC (the US), Givaudan (Switzerland) and Dawn Moringa (India)

Regional Analysis

Global Moringa Products Market has been segmented based on region, into North America, Europe, Asia-Pacific, Rest of the World.

Asia-Pacific is expected to dominate the global moringa products market owing to the large production of moringa in the region. Countries such as India, Thailand, the Philippines and Indonesia are among the largest producers of moringa in the region.

Europe and RoW moringa products market are expected to grow at a rapid pace due to the surging production and consumption of moringa products in the regions. Moreover, North America is also expected to project a significant market share owing to the increasing awareness regarding the health benefits of moringa products and increasing preference of healthy food among the consumers in the region.

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NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Cake Mix Market Analysis | Segment, Business Growth, Leading Players by Forecast to 2024

Market Overview

Global Cake Mix Market Demand for has increased significantly over the recent years; this can be partly attributed to the implementation of fierce marketing strategies along with attractive product packaging. The packaging innovations that are taking place have augured well for brands, they not only prolong shelf-life but also help in luring customers towards the product. Factors such as increased discretionary spending and growing number of time-bound consumers are driving the global sales of cake mix.

Key Players Strategy

Global Cake Mix Market Analysis leading companies mentioned in MRFR’s report include Ghirardelli Chocolate Company (U.S.), The French Cake Company (France), Betty Crocker (U.S.), Sudem Cake Mix and Products A.S. (Turkey), Pillsbury (U.S.), RMIX Alimentos Saudáveis Ltda (Brazil), ArrowheadMills (U.S.), Pinnacle Foods Inc (U.S.), Krusteaz (U.S.) and Italdecor (Italy)

Industry Trends and News

Cherryvale Farms a leading bakery company based in the US has recently launched a new 100% plant-based, dairy-free microwaveable mug-cake mixes product line. The new flavors include rich chocolate, salted caramel chocolate, Instant Indulgence range and including birthday cake. A leading food brand Green’s has recently unveiled a new chocolate egg cake kit. This new kit contains Mini Eggs to decorate, chocolate frosting mix and chocolate cake mix. The kit is a combination of indulgent and versatile product that is easy to bake.

Segmental Analysis

Based on cake type, the market has been segmented into pound cake, flourless or low-flour cake, tortes, yeast cakes, shortened cake, layer cake, foam and sponge cakes, flourless chocolate cake, cupcakes, unbaked cake, and others. Based on flavour, the market has been segmented into chocolate, caramel, fruits, vanilla, strawberry, butter scotch, red velvet, lemon and others. By Specialty diet, the market has been segmented into low-sodium, cholesterol-free, fat-free, gluten-free, low-fat, sugar-free and others.

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Regional Outlook

Based on region, the Cake Mix Market has been segmented into Europe, North America, Asia Pacific, and rest of the world (ROW). The market in North America is highly profitable and is willing to attract investment from stakeholder throughout the projection period. Meanwhile, Europe is likely to retain the second spot over 2024. This primarily owing to the widespread popularity of bakery products in these two regions.

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Frozen Fruits and Vegetables Market Analysis | Key Players, Size, Share and Forecast to 2024

Market Analysis

The changing lifestyle and work culture have infused the need for convenience food which is likely to drive the market growth for frozen fruits and vegetables. The increasing product offering of frozen fruits and vegetables coupled with easy availability in stores will complement the expansion of the market over the next couple of years. Furthermore, the introduction of Ready to Eat (RTE) products cut down the task of peeling and slicing which is likely to aid global frozen fruits and vegetables market proliferation. The catalyzed demand for RTE food is poised to accelerate the sales of frozen spinach and legumes. The frozen fruits and vegetables industry leaders facilitate the supply of seasonal products throughout the year which has accelerated revenue generation from the market and is likely to continue the trend over the assessment period. The growing demand for confectionery, bakery and dairy products will propel the revenue creation from frozen fruits segment of the market due to increased sales of kiwi and apricots.

The technological innovations adopted by the industry leaders for preserving the nutritional content and taste of fruits and vegetables while enhancing shelf life will further propel the market growth globally. However, some loss of nutrition during freezing is inevitable which is likely to hold the market growth during the review period. Other factors responsible for hampering the growth of frozen fruits and vegetables market include preferences for fresh fruits and vegetables, impacts on the environment, etc.

Market segmentation

By type, the Global Frozen Fruits and Vegetables Market Analysis are segmented into fruits and vegetables.

By form, the frozen fruits and vegetables market has been segmented into whole, pureed, dried, and others.

By application, the global frozen fruits and vegetables market is segmented into fruits and vegetables. The fruits segment is sub-segmented into fruit juices & smoothies, breakfast cereals, salads & desserts, bakery foods, yogurts, and others. The vegetables segment has further been sub-segmented into pizza toppings, salads, Ready to Eat Food (RTE), noodles & pastas, soups, and others.

By packaging, the frozen fruits and vegetables market has been segmented into <10 kgs, >10-15 kgs,15-30 kgs, and >30 kgs.

Major Key Players Analysis

The key players profiled by MRFR in its report include General Mills (U.S.), Dole (U.S.), HJ Heinz (US), Simplot Australia PTY Ltd (Australia), Ardo NV (Belgium), Pinnacle Foods Corp. (US), Findus Sverige AB, (Sweden), and Bonduelle Group (France) among others. The strategies employed by the key players for gaining prominence in the market include the increased supply of products, competitive pricing, packaging innovations, acquisitions and mergers, product developments, etc.

Industry Developments

In July 2018, Patanjali, an Indian consumer goods company, has announced its plan to foray into frozen vegetables market. The company has successfully launched a couple of products and is planning to add 6-7 more vegetables to its frozen vegetables product line.

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Regional Analysis

By region, the frozen fruits and vegetables market has been segmented into North America, Europe, Asia Pacific, and South America. Asia Pacific will hold the largest share of market size during the projection period which accounts for more than 50% of the market size. The increase in per capita income coupled with a rising population will drive the market growth in the region. Furthermore, the consolidation of emerging economies such as India and China will encourage the Asia Pacific frozen fruits and vegetables market expansion.

North America and Europe market will witness growth due to technological advancements in preserving the frozen fruits and vegetables with minimum loss of nutrients. The changing lifestyle in these regions has fueled the demand for convenience food which will catapult market growth in Europe and North America.

South America market will thrive moderately due to the presence of emerging markets such as Brazil and Mexico among others. The region will hold potential for growth throughout the forecast period.

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Potato Chips Market Analysis, Share, Industry Segment and Forecast to 2024

Market Analysis

Global Potato Chips Market is growing substantially and is expected to capture a healthy CAGR and achieve million-dollar growth over the forecast period 2017-2024. The growth can be attributed to growth in the savory snacks market which is favoring the growth of the chips market. Growing demand for convenience food, changing eating habits, easy availability and affordability of potato chips are the primary drivers of the market. Additionally, the introduction of newer flavors owing to increased demand for innovative varieties of flavors has resulted in a plethora of tastes and novel additions to the chips market. Rise in demand for packaged and on-the-go-foods owing to hectic time schedules, the rise in disposable income, and the rise in young population who prefer potato chips and the introduction of attractive and smaller packages are augmenting the growth of the market.

Even though the Potato Chips Market Analysis is a lucrative one, it is not one without constraints. Price fluctuations in prices of raw materials, availability of potatoes due to crop failure and climatic changes, the threat from alternatives or healthier snack options are major factors impeding the market. Potato chips contain partially hydrogenated fats, starch derivatives, blended solid fats, GMO, added colors or artificial flavors, and various emulsifiers which makes them quite unhealthy for increased consumption. Rising awareness regarding the ill effects of the use of potato chips and growing health consciousness among people have resulted in reduced consumption of potato chips which might hamper the growth of the market.

Major Key Players

The key players operating in the Potato Chips Market Analysis include PepsiCo, Inc. (U.S.)., Snack-World Group (Germany), Diamond Foods, Inc. (U.S.), Lorenz Bahlsen, Herr Foods Inc. (U.S.), and Intersnack Group (Germany).

Segmentation

Global Potato Chips Market has been segmented based on flavor, product type, specialty food type, and distribution channel. By flavor, the market has been segmented into, barbecue, cheddar & sour cream, salt & pepper, classic potato chips, spicy jalapeno, cheese & onions, and others. The salt & pepper segment is most popular and is expanding significantly. By product type, the market has been segmented into salted, chilly, plain, flavored and others. The salted and chilly segment is most popular in the Asia-Pacific region. By specialty food type, the market has been segmented into gluten-free, GMO- free, vegetarian, kosher, organic and others. By distribution channel, the market has been segmented into supermarket/hypermarket, convenience store, e-commerce and others.

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Regional Analysis

The key markets of the Global Potato Chips Market are North America, Europe, Asia-Pacific and the Rest of the World (ROW). North America accounts for the largest share of the global potato chips market. Acceptance of convenient food options and availability of flavors unique to the region is responsible for this major share in the market. The UK and the Netherlands are the major contributors of the Europe market and growing demand for potato chips and packaged food drive the market in the region. The Asia-Pacific market is expected to exhibit steady growth over the forecast period owing to the adoption of western food consumption patterns and rising disposable income in the emerging economies.

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Organic Energy Bar Market Analysis | Size, Share, Trends and Forecast to 2024

Market Insight

Global Organic Energy Bar Market is estimated to grow at the CAGR of 8.5%. Energy bars are as supplemented bars which contain high quality cereal, dry fruits and other fruits. Energy bar targets people who need quick energy. Energy bar provides various type of protein, fat and carbohydrates. Organic energy bar is prepared and processed without synthetic fertilizers or pesticides and do not contain any artificial flavors, colors or preservatives. Due to increasing health consciousness in people in both in developed and developing economies, the demand of the organic energy bar is increasing. Key players in the global organic energy bar market are emphasizing to enhance their investment in product development in order to extend the product line. Additionally, the companies are also inclined to increase their footprint across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate the untapped market.

Organic Energy Bar market is witnessing a massive growth over the last few years. Growth of the organic energy bar is accelerated by the rising awareness of various artificial colors, flavors, sweeteners and other preservatives. Increasing busy schedules of the consumers, consumers are looking for the meal replacement food products. Organic energy bar is one of the major alternatives of meals. Growing rate of urbanization in developing economies is anticipated to be one of the main drivers of the rising growth of organic energy bar. Key players are emphasizing to promote their new product offerings in the supermarkets & hypermarkets which is creating awareness for organic energy bar among consumers

Key Players

This report includes a study of strategies such as mergers and acquisitions, product launches by the major organic energy bar market players. It further includes product portfolios, developments of leading major players which includes

The key players profiled in the Organic Energy Bar Market Analysis are General Mills, Inc. (U.S.), Kellogg Company (U.S.), McKee Foods Corporation (U.S.), Quest Nutrition, LLC (U.S.), Atkins Nutritionals, Inc. (U.S.), Quaker Oats Company (U.S.) and CLIF Bar & Company (U.S.)

Regional Analysis

Organic Energy Bar Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Among these, North America region has the major market proportion in the Global Organic Energy Bar Market Analysis. The market is projected to grow in a high pace in the review period of 2017-2024. Asia Pacific is projected to be one of the fastest growing regions in the global organic energy bar market. The increasing growth of Asia Pacific region is attributed to the increasing per capita disposable income of the consumer in the developing economies such as China, India & the Association of South East Asian Nations countries. Also, the key players are trying to penetrate the untapped market of Asia Pacific.

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Also, the manufacturers of Organic Energy Bar Market are emphasizing on the various promotional activities in the developing nations of Asia Pacific which in turn accelerates the sales of organic energy bar in this region during the forecast period of 2017-2024. Also, retail industry is witnessing a massive growth in the developing nations of Asia Pacific which is anticipated to be one of the major drivers for the rising growth of organic energy bar in this region.

Key Findings

Asia Pacific is projected to witness a massive growth during the forecast period of 2017-2024. China is estimated to create a favorable environment for the increasing growth of Asia Pacific region. North America dominates the organic energy bar market followed by Europe

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Alcoholic Beverages Market is projected to grow at a CAGR of 2.8% by Forecast to 2023

Market Overview

Global Alcoholic Beverages Market is projected to grow at the CAGR of 2.8%. Alcoholic is an odorless liquid obtained through the fermentation of sugar. Various types of compounds are present in the alcohol. However, ethyl is considered to be food grade alcohol in maximum alcoholic beverages. Ethanol or Ethyl alcohol is manufactured through a natural process when the yeast transforms the sugar contained in fruit, cereals and sugarcanes, into alcohol. The process used for its preparation is called fermentation.

The global alcoholic beverages market is anticipated to be driven by the increasing per capita disposable income of the consumer in developed over the past few years. Also, the increasing purchasing power of the consumer in developing nation is considered to be the significant for the rising growth of alcoholic beverages in the near future. Due to the increasing per capita disposable income of the consumers, alcohol considered to be the status symbol among the consumer which in turn accelerates the demand of premium quality alcoholic beverages instead of the economical alcoholic beverages.

Key players in the Global Alcoholic Beverages Market are emphasizing to enhance their investment in product development in order to extend the product line. Also, the companies are also inclined to increase their footprint across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate in the untapped market.

Leading Key Players Review

This report includes a study of strategies such as mergers and acquisitions, product launches by the major alcoholic beverages market players. It further includes product portfolios, developments of leading major players which includes

The key players profiled in the Alcoholic Beverages Market Size are Anheuser Busch InBev. (Belgium), Carlsberg Group (Denmark), Accolade Wines (Australia), Beam-Suntory (U.S.), Constellation Brands (U.S.), Diageo Plc (U.K.), Heineken Holding Nv (Netherland).

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Regional Analysis

Alcoholic Beverages Market is segmented into Europe, North America, Asia Pacific, and rest of the world (ROW). Among these, Europe region has the major market share. The market is projected to grow at a steady pace in the review period. Asia-pacific will be the fastest growing region in the Alcoholic beverages market and high growth in emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to major players. North America is projected to remain sluggish during the forecast period of 2017-2023.

Frozen Food Market is projected to grow at a CAGR of 4.21% by Forecast to 2023

Market Overview

Frozen Food has emerged as a key part of the consumer products market in recent years due to the growing focus on the convenience of food products to the increasingly busy urban users. Frozen food can be prepared days, even months, after packaging, and retains its freshness and nutritive value, which makes it highly attractive for consumers in developed, industrialized urban centres. Urban users are increasingly finding it difficult to make time for preparing food as per traditional preferences, as their hectic lifestyle has forced them to find alternatives that allow for easy and quick consumption and preparation. The frozen food market has benefitted majorly from these trends and likely to exhibit a strong growth trajectory over the coming years as a result.

Market Research Future (MRFR) has announced a new report on the global frozen food market. The report analyses the market from the perspective of its product segmentation and regional segmentation and delivers forecasts till 2023. According to the report, the global frozen food market is likely to grow at a CAGR of 4.21% from 2017 to 2023.

Major Key Players

The report examines the strategies of key Frozen Food Market Players such as ARYZTA AG, Kraft Foods Group Inc., Cargill Inc., General Mills and Nestle S.A.

Segmental Analysis

Based on product type, the Global Frozen Food Market has been segmented into ready to eat products, vegetables and fruits, potatoes, meat and poultry, sea food, soups, and others. Of these, ready to eat foods emerged as the largest segment of the global frozen food market in 2017 and are likely to dominate the market scenario till 2023 due to their growing demand from urban users. Ready to eat foods lighten the time-consuming task of preparing food, thus making meals easy for busy urban users.

The sea food segment is expected to exhibit a high growth rate in the global frozen food market in the coming years due to the growing demand for sea food from inland regions. While sea food has always been a popular food choice in coastal regions, modern refrigeration techniques have allowed for smooth transportation of frozen sea food from the seashore to inland regions, allowing for a smooth rise in demand. The frozen food market is likely to benefit from the growing popularity of sea food in regions such as India, where sea food has not been a traditional part of the cuisine but is now rising in popularity.

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Regional Analysis

Based on region, Europe is expected to remain dominant throughout the forecast period. Europe has been an early consumer of Frozen Foods and is also home to many urban consumers, who prefer frozen food to raw foods. This is expected to ensure Europe’s continued dominance in the global frozen food market in the coming years. The advanced transport infrastructure in North America and Europe is also likely to benefit the frozen food market.

However, emerging regions such as APAC and Latin America present significant scope for the global Frozen Food Market. The frozen food market is expected to grow at a CAGR of 4.81% in Asia Pacific over the 2017-2023 forecast period on the back of the rapid urbanization in countries such as China, India, Japan, and other ASEAN countries. The growing consumption of processed food in these developing economies is likely to strengthen the prospects of the frozen food market in the coming years.

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Specialty Frozen Bakery Market is projected to grow at a CAGR of 4.45% by Forecast to 2022

Market Insight

Global Specialty Frozen Bakery Market is estimated to reach USD 3,434 million representing 4.45 % CAGR growth by the end of forecast period of 2022. Specialty frozen bakery products are artisan bakery products which are refrigerated to cold temperatures for storage and transport which increases their shelf life. The market is expected to generate 209,530 tons of products with a CAGR growth of 3.46 % in terms of volume.

Increasing preference for artisanal bakery products, development of newer flavors and growing number of high end bakery shops, urbanization are other drivers of the market. The drivers of the market are increase in demand due to rising incomes and lifestyle changes, growing network of quick service restaurants and foodservices web apps, demand for variety of bakery which are not available locally, growing awareness for healthy foods and others. The developments of global air conditioned supply chains and trucking is a prime driver of the market.

The negative effects such as changes in the texture of the bakery products due to freezing and the high costs associated due to additional processing are the greatest restraint on the market. Value addition is the best strategy in the market. Technological improvements such as freeze drying will lead to highest value addition. The partially baked frozen method has been developed to overcome the drawbacks of specialty frozen bakery. The partially baked frozen products need to be re-baked, which results in denser structure, lower volume, and a harder crumb. Freezing raw semi-finished products such as dough is another techniques that has been tried. Thus technological innovations are expected to reduce the intensity of drawbacks associated with the products.

Leading Key Players Strategy

The Leading Market Players in the Global Specialty Frozen Bakery Market are Aryzta AG (Switzerland), Lantmannen Unibake (Denmark), Harry-Brot GmbH (Germany), Vandemoortele Bakery (France), Mantinga, UAB (Lithuania), Flowers Foods, Inc. (U.S.), Rich Products (U.S.), Grupo Bimbo SAB de CV (Mexico), Europastry Sa (Spain), and Germoglio Food Spa (Italy) and others.

Regional Analysis

Europe holds the largest market share in terms of value led by the traditional bakery producing regions of Switzerland, Germany, France, Poland, and others. Another market to watch is Turkey, which has a history of bakery. The market is expected to shift towards North America due to growing popularity and presence of excellent infrastructure and supply chains. The U.S. is expected to drive the market due to its larger buying power and income. The Latin American regions of Argentina, Mexico, Chile and other are also expected to generate high growth.

The Asia Pacific market is expected to be led by Japan, China, and India. The growing tourism industry is also a strong driver of the market in the Asia Pacific region. The lower consumption of wheat is a restraint on the Asia Pacific regions. The Middle East and Africa regions are expected to demonstrate a high CAGR growth due to the high wealth and consumption of wheat and bakery products.

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Segments

Type – bread rolls & artisan loaves, sweet baked goods & morning goods, pizza crust, savory & other

Customer Type – Home makers, Industrial, Others

Distribution Channel – quick service restaurants, foodservice, large retail, convenience / independent retail, and others. Quick-service restaurants and foodservice holds the largest market share by value of greater than 45% in 2016. However, the convenience /independent retail segment is expected to witness higher growth rates on account of increasing number of vendors in the market.

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Asia Pacific Organic Baby Food Market is projected to grow at a CAGR of 11.87% by Forecast to 2027

Market Analysis

Asia-Pacific Organic Baby Food Market has witnessed a remarkable growth over the last few years.

Rising demand for convenience food supported with strong performance of retail sector is positively influencing the sales of organic baby food in the upcoming decade. The future trend of food traceability and rising demand of organic food and free-from diet is anticipated to fuel the demand of organic baby food in Asia-Pacific region. Growing awareness for clean label product coupled with large investments in R&D and new development by market players is boosting the growth of organic baby food. Additionally, government initiatives and funds to support farmers to shift from typical farming to organic farming has created potential market for the expansion of organic baby market in Asia-Pacific region. With increasing number of nuclear families and rising working women population resulted in growing number of mothers shifting to alternative healthy and nutritional baby food products which boosted the sales of organic baby food market.

Competitive Analysis

Major manufacturers are found to have high focus on strategic product launch to pursue consumers’ attention towards their product range. They are also involved in the acquisition of small players which will further support the company to expand and reach out to consumers across the regions. Acquisitions are also done to spot the company’s presence and expand their business line. Additionally, the companies are inclined towards product promotions through social media, magazines and other mediums to reach out to customers. The promotional strategy supports in retaining the existing the customers and to regenerate new customer base.

The key players profiled in Asia-Pacific Organic Baby Food Market Report are Danone S.A. (France), Hero Group (Switzerland), Abbott Laboratories (U.S.), Kraft Heinz Foods Company (U.S.), Nestle S.A. (Switzerland), Hain Celestial Group (U.S.), and Bellamy’s (Australia) among many others.

Market Segments

Asia-Pacific Organic Baby Food Market has been divided into type, ingredients, and distribution channel, and country

On the Basis of product type: Ready to eat, milk formula, dried baby foods, and others.

On the Basis of Ingredients: Grains & cereals, dairy, vegetables, fruits, meat, and Others

On the Basis of Distribution Channel: Store based, and Non-store based

On the Basis of Country: China, India, Japan, Australia, New Zealand, Indonesia and rest of the Asia-Pacific

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Regional Analysis

The Asia-Pacific Organic Baby Food market is segmented into China, India, Japan, Australia, New Zealand, Indonesia and rest of the Asia-Pacific. Among all the region, China is likely to retain its dominance throughout the forecast period. Strong economic growth, and rising urbanization are the significant factors of the growth of organic baby food in China. However, India is anticipated to register a healthy CAGR over the forecast period. The growth is contributed by the increasing per capita disposable income and growing awareness of organic food among the consumer. Moreover, rising birth rate in developing economies in Asia Pacific followed by the increasing awareness among the parents regarding adverse effect of synthetic ingredients of baby food is the substantial factor for the rising growth of organic baby food during the forecast period.

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Kombucha Market is projected to grow at a CAGR of 15% by Forecast to 2023

Market Analysis

Among health-conscious people, green tea sells like hotcakes. Therefore, they are attracted to Kombucha Market which is fermented with a fungus of the green or black tea that is known as “symbiotic culture of acetic acid (vinegar) bacteria and yeast,” or “SCOBY.” Aloe Vera, basil, berries, citrus, and ginger are used for flavoring the drink. The global Kombuch market has been segmented on the basis of the distribution channel, packaging, types, and lastly, the region. On the basis of the distribution channel, this market has been segmented into store-based and non-store based. Among these, the store-based distribution channel is expected to hold the major market share during the forecast period. Non-store-based distribution channels include e-commerce platforms.

Based on packaging, the market is segmented into glass, metal, plastic, and others. During the forecast period, the plastic segment is expected to hold a major market share in the market. It is also expected to grow at a substantial rate over this period. By the types, the market has been segmented into black tea, green tea, and others. According to the report, green tea segment appears to be gaining the highest growth rate during the forecast period.

Top Key Players

The key players in the Global Kombucha Market include Buchi Kombucha (USA), GT’s Kombucha (USA), Kevita, Inc. (Canada), Kombucha Wonder Drink (USA), Kosmic Kombucha (USA), Live Soda Kombucha (USA), Makana Beverages Inc. (USA), Nesalla Kombucha (USA) and Reed’s Inc (USA)

Latest Industry News

Kombucha brand Health-Ade Kombucha has partnered Tone It Up, a healthy lifestyle brand and fitness community, founded by Katrina Scott and Karena Dawn,the globally recognized wellness duo. This partnership will mark the debut of the first co-branded kombucha this summer. 22 AUG 2018

The coffee chain Starbucks has announced to sell its own line of the trendy fermented tea, kombucha. Starbucks (SBUX) is offering six flavors of kombucha under its Evolution juice brand. 10 AUG 2018

Regional Analysis

The regional segmentation of the global Kombuch market segments the market into regional markets namely North America, Europe, Asia Pacific, and the rest of the world (RoW). Among all regional markets, North America holds the lion’s share because of increasing healthy lifestyle among people. In this region, majority Kombucha manufacturers are based in the United States of America (USA) and Canada. Thus, these two are the biggest markets in North America, followed by Mexico, another significant market in this region. With the trend of healthy diet and lifestyle increasing in Europe as well, as a market, Europe is projected to have substantial growth over the forecast period. In this region, the biggest markets include France, Germany, Italy, and the United Kingdom (UK).

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According to the report, Asia Pacific market is gaining traction due to changing consumption pattern and lifestyle in developing countries. Growing health-conscious population and increasing awareness for the product are boosting the growth of the Kombucha market in this region. In this region, maximum market revenue comes from China, India, and Japan, where a market exists due to high population, agriculture and rising production due to steadily growing technological advancement. For the rest of the world, the Kombucha market has been projected to experience steady growth. The most significant markets among RoW countries include Argentina, Brazil, and South Africa, followed by other countries.

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