foodandbeverages

Organic Spices Market Global Size, Impressive Growth, Value Share and Forecast to 2024

Market Overview

Global Organic Spices Market for has witnessed continued demand during the last few years and is projected to reach 5,981 kilo tons by 2024, at a CAGR of 4.89% from 2016 to 2024. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global organic spices market. India being a major producer of spices boosts stronger potential for organic spices supply. Spice exports contribute to nation’s gross income considerably in countries like China, India, Africa and the Middle East. Organic spices are generally sold at premium spices and also in greater demand which can further enhance export revenues in major spice producing countries. The global market for organic spices has witnessed continued demand during the last few years and is projected to reach 5,981 kilo tons by 2024, at a CAGR of 4.89% from 2016 to 2024. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global organic spices market during forecast period 2016 to 2024.

Major Key Players Analysis

The leading market players in the Global Organic Spices Market Size primarily are Simply Organic, Earthen Delight, Organic Spices, Frontier Natural Products, Rapid Organic, SOAP, Yogi Botanicals Pvt Ltd, Live Organics Pvt Ltd, The Spice Hunter, Inc. And STARWEST botanicals Inc.

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

Based on organic spice function, flavor formed an essential function base for organic spices enabling it to gain maximum share in the year 2016 followed by color. Spices have been majorly used for flavoring or as a garnish since ancient times. The flavor of a spice is derived in part from compounds (volatile oils) from various parts of plants roots, seeds, bark and other plant parts. Based on organic spice form, whole form and powdered form held a major share in the organic spices market in the year 2016. Increase in demand for convenience products there is strong potential for powder form growth in the organic spices market. Crushed/chopped/flakes are emerging as new segment especially for bakery and pizza preparations

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Regional Analysis

Global Organic Spices Market is segmented into Europe, North America and Asia Pacific along with rest of the world (RoW). Asia-Pacific region is estimated to dominate the market in the year 2016 followed by North America. India, China and Vietnam are major organic spice producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various organic spices production in this region. Guatemala and Mexico are major organic spices market in the North-American and Central America region. Strong potential of spices production and consumption favors organic spices market growth the most among the various regions in the world.

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Tomato Powder Market Size | Industry Growth, Share, Business Prospects and Forecast to 2024

Market Insight

Global Tomato Powder Market Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand, Outlook etc. Tomato powder is a powder derived from tomato. It is made by turning fresh tomatoes into a slurry and further spray drying the slurry, creating a fine powder of uniform consistency. It is used to add tomato flavor in various dishes, has increased its application in various food processors. It can be used as a substitute of tomato paste and has a longer shelf life as compared to naturally derived tomato paste. Moreover, tomato is considered as a healthy staple food with health benefits including reduced risk of heart diseases and cancer, reduced blood pressure, improved eyesight and many more, which has contributed to the growth of tomato powder market.

Varied uses of tomato powder in different sectors have provided impetus to the growth of Tomato Powder Market Size. Tomato powder is obtained by dehydrating tomato and creating a fine powder. It is one of the most widely used ingredient in food and beverage industry. It has a rich flavor, usually sweet and sour in taste and is used widely in seasonings and savories, soup mixes, snack foods, curries and gravies, baby foods and many more. Due to higher shelf life of tomato powder the demand for the product has accelerated manifold in recent years. Tomato powder has also found application in cosmetic industry for its high nutrient and anti-oxidant properties which is adding fuel to the growth of tomato powder market.

Leading Key Players

Global Tomato Powder Market is mainly occupied by few key manufacturers. The competitive environment in this market is expected to increase with the increase in product portfolio from the current key players. Tomato powder has varied uses as it can be used as an ingredients in foods, health supplements as well as in cosmetics, providing opportunity to the manufacturers to expand their product portfolio to suit the needs of various industries. Furthermore, owing to its convenient factor, the demand for the product has increased in developing economies where there is surge in working population.

The key players profiled in Tomato Powder market are Grupo Empresarial Agraz, S.L. (Spain), Garlico Industries Ltd. (India), Aarkay Food Products Ltd. (India), Lycored (U.K.), Hangzhou Qincheng Trade Co. Ltd (Beijing), Cmec Xinjiang Foodstuff Co. Ltd. (China), and BATA FOOD (Turkey) among many others.

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Segments

The global tomato powder market has been divided into process, application, and region. On the Basis of Process: Hot break, Cold break, and Warm break. On the Basis of Application: Seasoning and Savories, Soup Mixes, Snack Foods, Curries and Gravies, Baby Foods and others. On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

Regional Analysis

Global Tomato Powder Market is segmented into Asia Pacific, Europe, North America and rest of the world (RoW). Asia Pacific market accounted for the largest market share in the tomato powder market followed by North America. In Asia Pacific, China is the leading producer and consumer of tomato powder followed by India. In China, tomato powder is widely used in foods for its rich and tangy taste. Moreover, tomatoes are a staple in American diets and used in every recipe which has opened doors for tomato powder market in this region. Moreover, Europe is experiencing growth in the tomato powder market due to changing lifestyle and consumption pattern among the consumers. Moreover, production of tomatoes have also increased in Spain and Netherlands which is contributing the growth of tomato powder in these regions.

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Used Cooking Oil Market Size, Research Study, Demand, Leading Players and Forecast to 2025

Market Overview

Global Used Cooking Oil (UCO) Market is expected to register a CAGR of 4.03% to reach USD 895.1 Million by 2025. Used cooking oil is an oil which have been used for cooking or frying in the food processing industry, hotels, restaurants, catering, and at a consumer level in households. This used cooking oil is collected, refined, and brought into various use, which is the best example of waste management. They can be refined into different types of biofuels, which are further used for power generation and heating. Moreover, it is utilized as a high energy feed additive in various livestock feeding products. These benefits have opened the doors for used cooking oil in the market. Furthermore, increasing number of restaurants and hotels are driving the used cooking oil market.

Major Key Players Analysis

The health benefits associated with used cooking oil can supplement the market growth. Moreover, the rise in the number of fast food joints, restaurants, and quick service restaurants propel the market growth. On the other hand, high costs of raw materials are anticipated to undermine the market growth. Furthermore, detrimental health effects prompted by unrestricted consumption of used cooking oils are major factors that thwart its adoption globally.

Some prominent key vendors that compete in the Used Cooking Oil Market Size are Darling Ingredients (U.S.), Olleco (U.K.), Uptown Biodiesel Limited (U.K.), Argent Energy (U.K.), Greenergy International Ltd (U.K.) and Proper Oils (U.K.).

Market Segmentation

Used Cooking Oil is refined into different types of biofuels, used for heating as well as power generation. Steady growth in the demand for biofuel will boost the growth of the market during the forecast period (2017-2025). With that in mind, biodiesel manufacturers are favoring restaurants as a primary source of used cooking oil which helps in the growth in the number of restaurants and fast food joints in the market. Additionally, increasing focus on advancing animal health among customers is steering the used cooking oil market. On top of that, government regulations supporting clean energy applications can lead to a remarkable boost in the market. Market Research Future (MRFR) asserts in their report that all these factors will contribute to the estimated CAGR of 3.8% of used cooking oil during the forecast period.

By source, the used cooking oil market is fragmented into restaurants and caterers, food manufacturers, household, and others. Among all, food manufacturers have the edge over other sectors of the global market. Simply put, restaurants are estimated to rise rapidly over the forecast period. Increasing number of restaurants is coaxing biofuel producers towards restaurants as a major source of used cooking oil.

Major applications are animal feeding, oleo chemicals, biodiesel, and others. The biodiesel is governing the global market compared to others. Furthermore, increased expenditure on biofuel backed by environmental awareness among consumers is propelling the rise in the used cooking oil market.

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Regional Analysis

Global Used Cooking Oil (UCO) Market is segmented into Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW). Out of these, Europe holds the most dominating position in the market followed by South America. European regulations have stimulated an effective biodiesel production growth, which in turn has increased the demand for used cooking oil. Furthermore, increased awareness among consumers about animal protein has catalyzed the growth of used cooking oil in this region.

Likewise, North America is projected to grow over the forecast period due to attributing factors like increasing consumption of used cooking oil in biofuel production. Moreover, Asia Pacific is exhibiting a surge in developing countries like India and China. Although, an insignificant growth is observed in this region due to lack of awareness. Focusing on the rest of the world, UAE is presumed to utilize the application of used cooking oil in the production of biodiesel.

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Moringa Products Market Size, Trends, Demand, Share, Key Players and 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 Size 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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Cake Mix Market Size, Business Growth, Key Players and Forecast to 2024

Market Insight

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 Size leading companies mentioned in MRFR’s report include The French Cake Company (France), Betty Crocker (U.S.), Ghirardelli Chocolate Company (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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Fruit Puree Market Size | Global Demand, Leading Players and Forecast to 2023

Market Analysis

Fruit puree is thick and smooth processed food product, which provides a colour boost and an enhanced flavour to both food and beverage applications. Fruits with high water contents naturally have lower calorie counts when pureed. Moreover, owing to their high concentration, they have higher energy density values than fresh fruit. Intake of fruit puree can lower the risk of various chronic diseases including high blood pressure, stroke, diabetes, heart attack, high cholesterol, cancer, bone loss and kidney stones. Fruit puree has gained acceptance in various industries such as baby nutrition, beverages, dairy & frozen desserts, and others.

The market for purees has been rising incrementally as the demand for having fresh fruit pulp all year round has increased significantly. The use of fruit purees in cooking applications, smoothies, and other food applications is motivating the development of the market extensively. Due to the high concentration of the nutritional content in fruit purees, they are seeing an increase in the number of applications. Innovations and new product improvements are projected to contribute to the market expansion in the forecast period.

Major Key Players Strategy

The strategic competitors that are shaping the Fruit Puree Market Size globally are Baby Gourmet Foods Inc. (Canada), Kerr concentrates (U.S.), Nestle (Switzerland), Kagome Co. Ltd (Japan), ITC Limited (India), DOHLER GmbH (Germany) and Tree top Inc. (U.S.)

The framework for growth plans has equipped the market for possible new entrants. The gaps in the market are met due to the carrying out of appropriate supply chain strategies. The development of the products and services is the principal factor increasing the market’s efficiency and controlling the trends that are gaining distinction in the market. The variety witnessed in terms of strategy creation and execution is changing the development pace of the market. The influential success factors and players’ preferences are slowly but surely mounting by the strategies being used by market contenders. Additionally, the expansion of new products and services will add further momentum to the market development.

Segment Analysis

The segmentation of the market for fruit puree is carried out on the basis of type, fruit, and application. By type, the fruit puree market is segmented into conventional and organic. The organic segment is acquiring high acceptance among the population due to growing awareness concerning organic products and their linked health benefits. The organic segment is projected to boost the development of fruit puree market over the forecast period. On the basis of fruit, the fruit puree market is segmented into banana, mango, papaya, guava, tomato, and others. The banana segment is observed to be the fastest rising segment due to the nutritional content present in the fruit. On the basis of application, the fruit puree market is segmented into beverages, dairy & frozen desserts, baby nutrition, and others. Among all the segments, the baby nutrition segment is controlling the market followed by the beverages segment. The growing application of fruit puree in alcohol, smoothies, and other functional beverages is adding to the growth of the beverage segment.

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Sugar Free Chocolate Market Study | Global Demand, Key Players and Forecast to 2023

Market Analysis

Chocolate is derived from cocoa, mixed cocoa butter and sugar or sugar substitutes to produce a solid confectionery. There are several types of chocolate, classified according to the proportion of cocoa used in a particular formulation. The labelling of ingredients and subject to international governmental regulation. With changing lifestyle and evolving dietary pattern, healthy food & beverages plays an important role in defining the consumers’ food choices in the modern world. The trend of consumption of sugar-free, fat-free, GMO-free and others began in western world and spread to other regions rapidly. Today’s consumer is eager to try low-sugar or sugar-free products, but not at the expense of enjoyment, not least when it comes to chocolate.

Maltitol probably the best substitute for sugar – not only provides sweetening power virtually identical to sugars but does it with little more than half the calories. This will delight confectionery gourmets with waistline worries and chocolate addicts trying to reduce their sugar intake. The sweet taste of maltitol, combined with physico-chemical characteristics like those of sucrose, make it the most effective substitute for sugar in many applications and especially in the manufacture of chocolate. Thus, making chocolate healthy and guilt-free. Sugar free chocolates are not only healthy for diabetics’ patients but also helps consumers achieve their weight loss target without giving up the food they love. Hence, these factors will support the growth of this market during the forecast period. Globally the market (Volume) for sugar-free chocolate is estimated to grow at the rate of about 6.85 % from 2017 to 2023.

Leading Key Players

With the entry of new industry players in the sugar-free chocolate segment, the demand from various food and beverage manufacturers have increased based on consumers trending demand for natural and chemical-free pure form of chocolates. Major strategy followed by the key players is identified to be increasing their production capacity as well as product promotions to spread awareness about the health benefits gained from sugar-free chocolate consumption. The best long-term growth opportunities for this sector can be captured by ensuring ongoing new product launch experimenting with new flavors and R&D investments.

The key players profiled in Global Sugar-Free Chocolate Market Report are Ghirardelli Chocolate Company (U.S.), Godiva Chocolatier (U.S.), Lindt & Sprüngli (France), Russell stover (U.S.), Hershey (U.S.), Thin (U.S.) and Guilin (Belgium)

Latest Industry Updates

Dec 2017 increasing health consciousness has raised the demand for healthy sweets in the market. In order to support the movement, Barry Callebaut developed a range of sugar reduced products in the global market.

Jun 2017 Russell Stover Candies, Inc. announced the launch of their sugar-free chocolate line in Chicago. The product is available in new varieties including pecan delights, mint patties, peanut butter cups and coconut.

Mar 2017 To support consumers’ growing inclination towards low-sugar consumption, KitKat maker Nestlé announced to be removing 10% of sugar from its chocolate in UK and Ireland from 2018.

Nov 2016 in order to encourage the consumption of low-caloric confectionery, Thai based company called Glico launched sugar-free chocolate product.

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Industry Segments

Sugar-Free Chocolate Market has been divided into Type, Distribution Channel and Region.

Based on Distribution Channel: Store Based and Non-Store Based

Based on Type: Dark, White, Milk, and Others and

Based on Region: North America, Europe, Asia Pacific, and ROW.

Regional Analysis

Global Sugar-Free Chocolate Market is segmented into America, Africa, and Rest of the World (RoW). Global Sugar-Free Chocolate Market is highly dominated by America due to high production capacity and cultivation of cocoa in the region. America is also fastest growing region due to changing lifestyle and increasing health awareness in the region. The production of sugar-free chocolate from the European region is anticipated to grow at a high rate in the upcoming years.

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Specialty Frozen Bakery Market Overview | Share, Key Players Review and 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.

Organic Sugar Market Overview | Key Players, Business Opportunities, Industry Demand by 2024

Market Insight

Sugarcane crop is increasingly sprayed with harmful pesticides and chemicals during growing stage to protect crops from various pests and weeds. These pesticides can cause severe health issues among consumers. However, organic farming of sugarcane eliminates the risk of harmful pesticides. Hence, lack in use of pesticides is another key factor spiking the demand for organic sugar. Organic sugar retains various nutrients which otherwise are lost during over-processing of conventional sugar. The organic unrefined sugar contains 17 amino acids, 11 minerals (such as sodium, magnesium, and calcium) and many different vitamins. It retains its fructose and glucose along with sucrose, while the processed sugar only contains sucrose and glucose. Therefore, this factor is playing a key role to drive sales of organic sugar. Global Market for Organic Sugar has witnessed continued demand during the last few years and is projected to reach USD 1314.53 million at a CAGR of 15.55% by 2024. Diverse application for organic sugar in various industries, majorly in the prepared food & beverages production is likely to drive the global organic sugar market over the forecast period.

The market players have increased their level of investment in research to identify right formulation and to improve product functionality in order to capture lion’s share and create brand recognition in organic sugar market. Also, government authorities, NGOs and farmer organizations in developing countries are promoting organic farming by providing financial support, market information and trends in organic foods market. Developing countries are providing subsidies to small farmers to promote organic farming. NGOs, farmer organizations, traders are conducting training programs to encourage farmers to adopt organic farming. Government and non-government organizations such as APEDA (India), FiBL (Switzerland) and USDA (U.S.) support conventional farmers to switch to organic farming. All these efforts from government and NGOs are supporting the use of organic sugar.

The significant factor driving the growth of the Organic Sugar Market is the increasing demand of ready to eat foods, both in the developed and developing economies.

Major Key Players

The key players profiled in Organic Sugar Market are DWARIKESH Sugar Industries Limited (India), RAIZEN S.A (Brazil), MITR PHOL Group (Thailand), WANGKANAI Group (Thailand), Shree Renuka Sugars Limited (India), TEREOS INTERNACIONAL (Brazil), COSAN Ltd. (Brazil) and Bunge Limited (Brazil)

Key manufacturers are focusing to enhance its brand name by arranging various promotional activities. The company has participated in various social media promotions, events and interaction with the consumers. The manufacturers have demonstrated their new product offerings in order to attract the new customers. By this strategy the product of the company will be popular among the consumers which will aid to increase the overall profitability of the company. Moreover, the key players are emphasizing in the research & development process in order to introduce new product also to extend the product line. Key players are introducing various new products to increase the volume sales and also to increase the overall revenue of the company.

Global Market Segments

The global organic sugar market has been divided into Application, and region. On the Basis of Application: Food & Beverages, Pharma and personal care, others. On the Basis of Region: Latin America, Asia Pacific, and Rest of the World

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Regional Analysis

The Global Organic Sugar Market is segmented into Latin America, APAC and Rest of the World (RoW). Latin America is estimated to retain its dominance throughout the forecast period of 2017-2024. Among the Latin American countries, Brazil is accounting for major market share due to the high production of organic sugar. Paraguay is also holding 30% of the market proportion in the Latin America organic sugar market. Also, Paraguay exports the maximum production to USA. Asia Pacific region is also accounting for significant market share in the global organic sugar market in the year of 2017 and it is expected to witness massive growth during the forecast period. Among the Asia Pacific, Thailand is one of the attractive destination among the organic sugar manufacturers. Apart from that, Colombia, and Ecuador collectively account for 80% of the market share in the Rest of the World.

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Herbal Extracts Market Overview | Growth Opportunity, Industry Segment and Forecast to 2024

Market Overview

Global Herbal Extracts Market is projected to grow with a significant growth rate of 7.79% from 2019 to 2024 and reach a market value of USD 15.09 billion by the end of 2024. Herbal extract is referred to the crude mixtures extracted from various parts of plants, which have diverse applications in various industries. The extraction of herbal compounds is generally carried out using ethanol or water. Herbal extracts have been identified to be highly consumed in the form of dietary supplements. Other major application sectors of herbal extracts include food, beverages, pharmaceutical, cosmetic & personal care, and others.

Pharmaceutical industry, especially herbal dietary supplements, is gaining acceptance in developed economies, which, in turn, would accelerate the sales of herbal extract during the forecast period. Furthermore, various homeopathy products are manufactured using herbal extracts, which are estimated to propel the growth of herbal extract market further. Increasing number of health-conscious consumers, along with the rising usage of plant extract dietary supplement, is also anticipated to fuel the growth of the global herbal extract market during the forecast period. The rising demand for anti-aging skin care products is one of the key factors for the rising growth of the global herbal extract market. Consumers are identified to have a high preference towards skin care products, which contain natural ingredients, over chemically loaded products.

Major Key Players

Some of the key players profiled in the Global Herbal Extracts Market are Plant Extracts International Inc. (U.S.), MB-Holding GmbH & Co.KG (Germany), Changsha Organic Herb, Inc. (China), INGREDIA nutritional (France), IPRONA AG (Italy), Lehmann & Voss & Co. KG (Germany), KALSEC Inc. (U.S.) and FT Technologies, Inc. (U.K)

Key Findings

Asia Pacific is estimated to register maximum growth due to the massive growth of herbal dietary supplements and cosmetic industry in the developing nations of Asia Pacific

North America is estimated to dominate the global herbal extract market during the forecast period

Regional Analysis

Global Herbal Extract Market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). North America is dominating the global herbal extract market, in terms of market share. North America is the largest consumer of herbal ingredients in food & beverage and pharmaceutical products. Additionally, the U.S., Canada, and Mexico are the major consumers of herbal extract products.

Furthermore, awareness regarding health benefits of herbal products is also projected to stimulate the growth of the market in North America during the review period. However, Europe is also anticipated to witness a decent growth over the forecast period due to the early adoption of new products and technology. Additionally, Asia Pacific region is anticipated to grow tremendously during the review period, owing to the increased growth of pharmaceutical industry in India and China.

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Segments

Herbal Extract Market has been segmented based on Ingredient, which comprises Garlic, Basil, Soy, Marigold, Aloe Vera, Licorice, Reishi and others.

Herbal extract has been segmented based on application, which includes foods, beverages, dietary supplements, personal care, and others.