A Market Place Research – Page 1530

Luxury Footwear Market Size is Projected to Rise, $39,987.4 Million by 2030, Globally Grow At a CAGR of 4.7% From 2021-2030

According to a new report published by Allied Market Research, titled, “Luxury Footwear Market by Product (Formal Footwear and Casual Footwear), End Use (Men, Women, and Children), and Distribution Channel (Duty-free Stores, Online Stores, Discount Stores, Hypermarket, and Specialty Stores) Global Opportunity Analysis and Industry Forecast 2021–2030”. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

The global luxury footwear market was valued at $25,549.3 million in 2020, and is projected to reach $39,987.4 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.

Luxury footwear are the footwear which are quite expensive as compared to normal footwear. It is because this kind of footwear can be customized according to customer’s need and demand. Thus, the luxury shoe is gaining traction in the market. The footwear aid in covering and protecting the foot from ground textures, temperatures, and gravel roads. Footwear are made up of different materials such as leather, plastic, rubber, and fabric. Leather is one of the prominent materials used for the first version of a footwear. Companies such as Nike are using eco-friendly raw materials such as recycled car tires, recycled carpet padding, organic cotton, and vegetable-dyed leathers for manufacturing footwear products.

The rise in number of working professionals has increased the overall demand for formal footwear and casual footwear. Rise in demand among children for a wide variety of footwear, augments the growth of the global market. In addition, increase in number of working professionals paired along with rise in fashion consciousness and need to look stylish & trendy fueled the overall growth of the luxury footwear market.

However, high prices and rise in popularity of footwear brands such as Nike, Adidas, and Puma have led to the advent of counterfeit brands. Counterfeit brands are usually available in developing economies where customers are highly price-sensitive. This factor hampers the sale of the existing original footwear brands in these economies.

The COVID-19 pandemic had negative impact on the luxury footwear market growth. The supply chain disruption had a negative impact on the luxury footwear market. But the e-commerce platforms helped to increase the sales of footwear to some extent. Increase in penetration of various online portals in developing regions and rise in number of offers or discounts attract consumers to purchase footwear through online channels. Moreover, online sales channel increased the consumer reach owing to which it has evolved as a key source of revenue for many companies.

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Furthermore, the online sales market is expected to expand in the near future due to rapid growth in online and mobile user customer bases in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and the facility to enter in new international markets for major brands further augment the growth of the luxury footwear market.

These major players have adopted various strategies to expand their market reach globally. The strategies such as product launch, business expansion, and partnership are adopted by market players.

The prominent luxury footwear industry players include LVMH, Furla SpA, Longchamp, Luxottica Group, Mulberry Group, Vera Bradley, Guccio Gucci S.p.A., Samsonite International S.A./Tumi brand, Valentino S.p.A., and ZV France SAS.

Key Benefits For Stakeholders:

○ This report provides a quantitative analysis of current luxury footwear market trends, estimations, and dynamics of the global luxury footwear market from 2021 to 2030 to identify the prevailing luxury footwear market opportunities.
○ The Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
○ In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global industry.
○ The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.

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Reasons to Buy This Luxury Footwear Market Report:

○ Mergers and acquisitions should be well-planned by identifying the best manufacturer.
○ Sort new clients or possible partners into the demographic you’re looking for.
○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

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Beta Glucan Market Size, Comprehensive Research Study, Demand, Growth, Segmentation and Forecast to 2029

Beta glucan is a natural polysaccharide found in cell walls of fungi, yeast, sea algae, and plants such as barley, mushrooms, cereals, and oats. Beta glucan is in high demand because of its functional and multiple bioactive properties which help in boosting the immune system. Widely Beta Glucan is used for dietary supplements, food ingredients, and medicinal purposes. There has been significant growth in the use of Beta Glucan in the food & Beverage industry because of high fiber content in Beta Glucan, which increases the health benefits of food items. Hotel & Restaurants use Beta Glucan in preparing high-quality food, smoothies, and shakes for health and fitness freak customers as it improves digestibility because of high fiber content. Moreover, Beta Glucan has medicinal properties that help to cure asthma, allergies, high cholesterol, diabetes, and other diseases. Increase in innovation in the food & beverage industry toward fitness based products and health trends is promoting Beta Glucan usage in the industry.

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Companies covered

ABF Ingredients, Alltech Inc., Biotec Pharmacon ASA, Lallemand Inc., Chr. Hansen A/S, AHD International LLC, Bio Springer, Lantmännen, Cargill, Kerry Group, Royal DSM, Tate & Lyle, Garuda International, Bio Origin, Kemin Industries and Specialty Biotech Co. Ltd.

COVID-19 Scenario Analysis:

The demand for Beta Glucan related food items will rise as there is an awareness among people regarding immunity growth after the pandemic has hit all the major countries.
Global manufacturers are having difficulty in production due to the unavailability of raw material and labor.
The Beta Glucan market is expected to experience growth after the lockdown and restrictions are lifted and COVID-19 will be a major driver for the global market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The surge in the application in the food & beverage industry, cosmetic industry, and demand for Beta Glucan for its medicinal properties has increased the demand for Beta Glucan. Beside, growth in health consciousness among consumers, a decrease in the cost of raw materials, and a growing healthy lifestyle of people are driving the global Beta Glucan market. However, varying raw material availability and new substitute in the market is restraining the growth. Contrarily the huge demand for Beta Glucan in the market will help manufacturers grow and overcome the challenges.

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Surge in usage in Cosmetic and Animal Food Industry

Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Leading market players have determined how better products can be developed for different industries. Beauty and personal care manufacturers are using Beta Glucan for cosmetic products as oats-based Beta Glucan helps to macrophage the skin layers adding protective properties of keratinocytes which helps in replenishing skin texture.

Animal feed manufacturers are using yeast-based Beta Glucan for use as they are available at low-cost. The increase in demand of Beta Glucan in animal feed came after the market demand for better animal products with more health benefits was demanded by the premium segment and the government had restrictions on the use of antibiotics in animal feed.

Key Segments Covered:

Type

Soluble

Insoluble

Source

Cereal

Mushroom

Yeasts

Seaweed

Industry Vertical

Food & Beverages

Animal Feed

Personal Care & Cosmetics

Pharmaceuticals

Others

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About Us:

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Vegan Ice Cream Market Drivers Shaping Future Growth, Revenue $805.3 Million by 2027 | CAGR 13.7%

The global vegan ice cream industry was estimated at $520.9 million in 2019, and is projected to reach $805.3 million by 2027, registering a CAGR of 13.7% from 2020 to 2027.

The report provides a detailed analysis of changing market trends, top winning segments, key segments, value chain, market size & estimations, and competitive landscape.

Surge in obese population, growth in health & wellness trend among the target customers, and rise in disposable income among people propel the growth of the global vegan ice cream market. Conversely, high price of dairy alternative milk hinders the growth to some extent. Nevertheless, untapped developing markets and innovation in taste& flavor of vegan ice cream are anticipated to create lucrative opportunities in the near future.

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The key players profiled in the report include High Road Craft Brands, Alden’s Organic, Whole Foods Market IP. L.P., Tofutti Brands, Inc.,Unilever, General Mills, The Whitewave Foods Company (Denon), Hain Celestial Group, Bliss Unlimited, LLC, and Trader Joe’s.

Covid-19 scenario-

The market has suffered during the initial phase of the global lockdown due to disrupted supply chain and production units.
Most of the market players have put their business on hold for an uncertain period. Also, the investments and demand for vegan ice cream have witnessed a drop.
However, the government in various region are now easing off the relaxations, thereby allowing the market players to restart their processes.

The global vegan ice cream market is segmented into source, flavor, sales type, distribution channel, and region. Based on source, the almond milk segment held the highest market share in 2019, contributing for to nearly one-third of the global market share in 2019 and is expected to maintain its dominance throughout the forecast period. On the other hand, the coconut milk segment is anticipated to register the fastest CAGR of 15.2% throughout the forecast period. The report also involves segments including soy milk and cashew milk.

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Based on flavor,the market is classified into caramel, chocolate, coconut, coffee, vanilla, and fruit. The caramel segment dominated the market in 2019, accounting for nearly one-fourth of the global market revenue and is expected to lead the trail till 2027. At the same time, the fruits segment is anticipated to portray the finest CAGR of 15.6% from 2020 to 2027.

Based on geography, Europe accounted for the major share in 2019, garnering more than one-third of the global vegan ice cream market. On the other hand, Asia-Pacific would manifest the fastest CAGR of 14.9% during the study period. The report also analyze regions including North America and LAMEA.

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India Costume Jewelry Market Will Surpass $2,126.3 Million by 2027 – Report by Allied Market Research

According to a new report published by Allied Market Research, titled, “India Costume Jewelry Market by Product Type, Gender and Mode of Sale: Global Opportunity Analysis and Industry Forecast, 2019–2027,” the India costume jewelry market size is expected to reach $2,126.3 million by 2027 at a CAGR of 7.0% from 2019 to 2027.

Costume jewelry is made of a variety of materials, including metal, plastic, and glass. To create appealing pieces of jewelry, intricate designs and patterns made of these materials are decorated with beads, precious stones, and semi-precious stones. Consumers have a large selection of costume jewelry to choose from, including bangles, neckpieces, earrings, and finger rings. Costume jewelry cannot be distinguished from genuine jewelry and appears to be gold, silver, or rose gold. It is made of materials that are easily cracked, so it does not have a long shelf life. Fashion jewelry is less expensive and more appealing, which is why costume jewelry is gaining popularity with customers.

The India Costume Jewelry Market has grown significantly over the years and is expected to grow at a steady rate during the forecasted period. This is due to a lot of factors, including a change in lifestyle, an increase in the price of precious metal jewelry, an increase in fashion consciousness, and a change in packaging styles and attractive marketing strategies.

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Moreover, the rise in interest in costume jewelry among both female and male consumers as a result of celebrity endorsement has paved the way for costume jewelry. Furthermore, rising disposable income and living standards in emerging markets such as India, as well as a growing consumer preference for fashion accessories, drive up demand for costume jewelry. However, the availability of low-quality and counterfeit products, as well as price fluctuations in the raw materials used to make these jewelries, limit market growth.

By product type, the earrings segment was the highest revenue contributor in 2019. The reason for this is that the availability of lightweight earrings in a various designs and colors that can be worn with a variety of outfits creates market growth opportunities. By gender, the female segment held the largest market share due to increase in spending power, aided by the working female population. Depending on the mode of sale, the retail sale segment led the market, because retail sales channels provide value-added services such as customer care.

Over the forecast period, market demand will be driven by fluctuating gold prices and a surge in the prices of diamonds and other precious metals. Increased awareness of new fashion trends and acceptance of new and changing lifestyles, as well as an increase in people’s per capita income, will drive business growth in the coming years. Furthermore, the market will benefit from easy access to colored stone jewelry at lower costs and with some less maintenance fees in the near future. Individuals of all socioeconomic backgrounds, including those from low-income families, spend a significant amount of money on affordable costume jewelry to imitate characters from popular TV shows.

COVID-19 disease began to spread around the world in early 2021, infecting millions of people, and major countries worldwide enacted foot prohibitions and work stoppage orders. So apart from medical supplies and life support products, most industries have been severely impacted, including the costume jewelry industry. The costume jewelry market in India has declined significantly as economic growth has slowed, but it had been growing at a relatively optimistic rate in the four years preceding COVID-19.

Product launches, mergers & acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. The key players in the India costume jewelry market include Avon Products Inc., Voylla, Zaveri Pearls, Pipa Bella, Sukkhi Fashion Jewelry, Romoch, Tanishq, Swarovski Group, Tribe Amrapali, Isharya, Yellow Chimes, Kushal’s, Youbella, SIA, Peora, and Pooja Jewels.

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Key findings of the study:

○ By mode of sale, the retail sale segment is anticipated to be the highest contributor to the India costume jewelry market with $981.0 million in 2019, and is estimated to reach $1,210.5 million, growing at a CAGR of 7.5% from 2019 to 2027.
○ By product type, the earrings segment is anticipated to be the highest contributor to the India costume jewelry market with $413.9 million in 2019, and is estimated to reach $530.9 million, growing at a CAGR of 8.0% from 2019 to 2027.
○ By gender, the female segment is anticipated to be the highest contributor to the India costume jewelry market with $1,220.2 million in 2019, and is estimated to reach $1,487.8 million by 2027 growing at a CAGR of 7.3% from 2019 to 2027.

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Gummy Vitamins Market Overview, Size, Share | Global Industry Outlook and Statistics, Segmentation and Forecast to 2026

The global gummy vitamins industry was estimated at $5.7 billion in 2018, and is anticipated to hit $9.3 billion by 2026, registering a CAGR of 6.5% from 2019 to 2026.

Drivers, restraints, and opportunities-

Increase in incidence of dysphagia, surge in consumer consciousness toward preventive healthcare, and rise in the prevalence of cases pertaining vitamin deficiency drive the growth of the global vitamins market. On the other hand, high amount of sugar in gummy vitamins and difficulty in vitamin stability in gummy format impede the growth to some extent. However, pectin as an alternative for gelatin is anticipated to pave the way for multiple opportunities in the industry.

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Leading market players

Ion Labs, Inc.
Bayer AG.
SmartyPants Vitamins
Hero Nutritionals LLC.
Pfizer Inc.
Church & Dwight, Inc.
Bettera Wellness
The Honest Company, Inc.
Pharmavite LLC.
Olly Public Benefit Corporation

COVID-19 scenario-

The outbreak of the pandemic gave way to growing inclination toward improving health, which in turn, boosted the global gummy vitamins market to some extent.
However, halted production activities and disrupted supply chain hampered the market, thereby giving the market a mixed impact altogether.

The multivitamin segment to dominate by 2026-

By type, the multivitamin segment accounted for nearly two-thirds of the global gummy vitamins market share in 2018, and is anticipated to retain its dominance throughout the forecast period. This is owing to the fact that the majority of consumer base have started preferring fortified gummies as a convenient and healthy dietary supplement. The prebiotics segment, however, would showcase the fastest CAGR of 8.0% by 2026. Increase in consumption of functional foods drives the growth of the segment.

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The adult segment held the highest share in 2018-

By demographics, the adult segment contributed to nearly two-thirds of the global gummy vitamins market revenue in 2018, and is projected to maintain the lion’s share from 2019 to 2026. This is due to very high prevalence of vitamin deficiency amongst adults. At the same time, the children segment would cite the fastest CAGR of 6.6% by the end of 2026. Stakeholders in the industry are offering supplements in gummy forms to attract kids, which in turn, has fuelled the segment growth.

North America to lead the trail in terms of revenue-

By geography, North America garnered the major share in 2018, contributing to nearly half of the global gummy vitamins market. This is because the key players in the region are taking recourse to innovative strategies in order to sustain in the highly competitive market. Simultaneously, the Asia-Pacific region would manifest the fastest CAGR of 8.5% throughout the estimated period. This is attributed to the fact that people in this province have become highly health conscious and are preferring healthier lifestyle; thereby, adding gummy vitamins in their day-to-day consumption.

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Animal Protein Market is expected to reach $58,500.3 million by 2027, registering a CAGR of 5.4%

According to a new report published by Allied Market Research, titled, “Animal Protein Market by Product Type, Form and Application: Opportunity Analysis and Industry Forecast, 2021–2027,” The global animal protein market size was valued at $44,090.0 million in 2019, and is projected to reach $58,500.3 million by 2027, registering a CAGR of 5.4%from 2021 to 2027.

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Animal protein are functional ingredients used in the preparation of a wide range of food products, cosmetic products, nutraceuticals, and others. They possess many functional properties and bioactivities, which aid in the processing food & beverages, nutraceuticals, feed, and cosmetics. The demand for animal protein is expected to grow due to the high demand from food & beverage sectors. Moreover, growing demand from cosmetic industry for animal protein like gelatin is likely to offer immense animal protein market opportunity during the forecast period. Furthermore, the consumption of animal protein supplement is the current animal protein market trend which driving the growth of the market.

Animal proteins such as egg protein, dairy protein, and gelatin, function as thickening agent, gelling agent, foaming agent, carrier, and texturizer, which are used in preparations of a wide range of food products, cosmetics and nutraceuticals. Moreover, they find their application in animal feed as well. Furthermore, manufacturers of food & beverages ingredients have been significantly investing in R&D activities to enhance functions, performance, and nutritional value of animal proteins. . In addition to this, animal protein market analysis includes the analysis of the regional as well as global market, key players, application areas and market segments.

The outbreak of COVID-19 has disrupted the animal protein market in terms of value sales. The recent declaration regarding the shutdown of notable proportion of the hospitality industry, including full-service restaurants, and quick service restaurants, which has dramatically hampered the sale of animal protein like gelatin.

The animal proteins market growth is driven by increase in consumption in preparation of food products such as bakery, confectionery, snack products, processed meat, and seafood products. Furthermore, the demand is propelled by surge in need for nutritional food in the market. Owing to increase in awareness about the benefits offered by nutritional and health products, consumers are shifting their focus toward healthy diets and are increasing their intake of protein. This in turn has encouraged manufacturers for increasing the use of animal protein in their products, which significantly contributes toward the global animal proteins market growth.

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The global animal protein market segments are categorized into product type, form, application, and region. By product type, it is classified into egg protein, dairy protein, fish protein and gelatin. By form, the market is bifurcated into solid and liquid. By application, it is divided into food & beverages, pharmaceuticals & nutraceuticals, cosmetics & personal care and feed. Region wise, the animal protein market is analyzed across Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, ASEAN, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey and Rest of LAMEA).

By product type, the egg protein segment accounted for the highest animal protein market share in 2019. However, the gelatin segment is expected to grow at the highest CAGR during the animal protein forecast period.

By form, the solid segment accounted for the highest market share in 2019. However, the liquid segment is anticipated to grow at the highest CAGR during the forecast period.

By application, the food & beverages segment accounted for the highest market share in 2019 However, the pharmaceuticals & nutraceuticals segment is expected to grow at the highest CAGR during the forecast period.

Region wise, Europe accounted for the highest market share in 2019. However, Asia-Pacific is anticipated to grow at the highest CAGR during the animal protein market forecast period

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Key Findings Of The Study

By product type, the egg protein segment accounted for the highest market share in 2019, growing at a CAGR of 4.6% from 2021 to 2027.
By form, the solid segment occupied maximum share in the market in 2019 and is expected to dominate the market during the forecast period.
By application, the food & beverages segment occupied maximum share in the market in 2019 and is expected to dominate the market during the forecast period.
Region wise, Europe accounted for highest share in 2019 and is expected to grow at a CAGR of 3.9% during the forecast period.

The key players operating in the animal protein industry include Archer Daniels Midland Company, Arla Foods Inc, Cargill, Incorporated, Darling Ingredients Inc, Kerry group plc, The Kewpie Group, Nitta Gelatin Inc , PeterLabs Holdings, Shenzhen Taier, and Trobas Gelatine B.V

Reasons to Buy this Animal Protein Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

About Us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Wheat Fiber Market is projected to reach $1,632.6 million by 2030, registering a CAGR of 6.5% from 2021 to 2030

According to a new report published by Allied Market Research, titled, “Wheat Fiber Market by Nature and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global wheat fiber market was valued at $864.1 million in 2020, and is projected to reach $1,632.6 million by 2030, registering a CAGR of 6.5% from 2021 to 2030.

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Wheat fiber offers numerous health benefits and prevention of some serious diseases such as cardiovascular diseases, obesity, and type 2 diabetes. According to International Diabetes Federation (IDF), in 2019, around 463 million people, aged between 20 and 79 years, suffered from diabetes and this number is estimated to rise up to 700 million by 2045. Moreover, around 374 million adults have higher chances of developing type 2 diabetes. This is a major factor that boosts the demand for the wheat fiber-based food among the global population. Wheat fiber helps in improving heart health, curing irritable bowel syndrome, maintaining weight, boosting immunity, and regulating blood sugar levels. All these benefits foster the consumption of wheat fiber and thereby drive the global wheat fiber market growth during the forecast period.

Rise in population and improvement in lifestyle are the key factors that drive the growth of the wheat fiber market. Increase in purchasing power in the developing region like Asia-Pacific and LAMEA majorly boosts the sale of the wheat fiber products in this region. The change in dietary patterns among consumers along with the increase in population of urban people are the key factors that drive the growth of the wheat fiber market.

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The wheat fiber industry is expected to benefit from consumers, who desire to live better lifestyles and change their eating habits. during the COVID-19 pandemic. Consumers are with the belief that wheat fiber boosts immunity power and helps them fight against coronavirus disease. This is anticipated to boost the adoption of wheat fiber, which, in turn, propels the growth of the wheat fiber market. Moreover, there is an increase in the number of social media users owing to rise in internet penetration. Most of the key players in the market strategize to promote their products and services on these social media platforms such as Instagram, Facebook, YouTube, and others. Social media marketing is one of the major wheat fiber trends adopted by various companies and industries during the COVID-19 pandemic on increasing awareness about their product offerings among target customers on social media channels.

Busy and hectic lifestyle of the consumers is a major factor that boosts the demand for wheat fiber all over the globe. Nowadays, people don’t get enough time to take care of their diet due to their hectic schedule.

Increase in hectic lifestyle of people results in less intake of fiber in the body which may give rise to various diseases related to intestine, blood sugar, obesity, and heart. The adequate amount of fiber consumption not only prevents these health risks but also helps to build strong immunity. Therefore, consumers choose wheat fiber, to fulfill the necessary requirements of fiber. This is one of the key factors that propels the demand for the wheat fiber among the global population, and hence, fosters the growth of the wheat fiber market.

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Key Findings Of The Study

By nature, the global wheat fiber market is segmented into organic and conventional. The conventional segmented accounted for a major share in the market in 2020; however, the organic segment is projected to experience growth at the highest CAGR during the forecast period.
By application, the wheat fiber market is segmented into food & beverages, pharmaceuticals, animal feed, and others. The food & beverages segment holds the largest market share, accounting for around 44.0% of the total revenue in 2020, followed by pharmaceuticals segment.
By region, North America accounted for highest wheat fiber market share in 2020, and is expected to grow at a CAGR of 5.0%.

The key players operating in the wheat fiber market analysis includes Archer-Daniels-Midland Company, Cargill, Inc., DuPont de Nemours, Inc., Grain Processing Corporation, Ingredion Incorporated, J. RETTENMAIER & SÖHNE GmbH + Co KG, Roquette Frères, Südzucker AG, SunOpta, Inc. and Calyxt, Inc.

Reasons to Buy this Wheat Fiber Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

About Us

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

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India (Pune): +91-20-66346060

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help@alliedmarketresearch.com

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Algae Protein Market Worth USD 709.0 million, Globally, by 2028 at 8.9% CAGR

According to a new report published by Allied Market Research, titled, “algae protein market by type, and application: global opportunity analysis and industry forecast, 2021–2028,” the algae protein market size was $361.4 million in 2020, and is projected reach $709.0 million by 2028, registering a CAGR of 8.9% from 2021 to 2028.

Algae protein can be alternative source of protein and is expected to witness increased adoption in upcoming years. Industrialized animal agriculture results multitude of problems including negative impact on environment. Animal husbandry is a leading contributor to a number of global issues, including deforestation, climate change, biodiversity loss, pollution, antibiotic resistance, soil erosion and degradation, water overuse, and zoonotic diseases. Livestock contributes both directly and indirectly to climate change through emissions of green hose gases such as N₂O, CO₂, and CH₄. As a result, alternative proteins sourced from algae have immense potential to create food products that are healthier and more ecologically sustainable. Thus, complex ecological and environmental problems associated with animal agriculture is expected to result in paradigm shift toward algae related products. Furthermore, algae can be cultivated in both freshwater & saline water and on non-arable land as well. In addition, algae produces higher protein per unit area per unit time when compared to traditional crops. Protein yield from microalgae has been reported to range from 4 to 15 tons/ha/year compared to protein productivity of 0.6 to 1.2 tons/ha/year from soybean. Thus, presence of high protein content in algae is expected to augment the market growth in coming years.

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Algae protein supplemented functional food products are still in their nascent stages in various developing as well as developed regions. These are still untapped, which presents a remunerative opportunity for manufacturers of algae protein in the functional food market. Multiple companies invested in research and development to launch unique and innovative products using Spirulina. For instance, squeeze dried launched spirulina flavored mermaid lemonade. Various other manufacturers are also launching spirulina infused drinks and foods. Furthermore, consumers across the globe are becoming aware about benefits regarding protein supplements, which is expected to provide lucrative opportunities for the market.

The COVID-19 pandemic have positively impacted the global algae protein market. However, engaged players have witnessed widespread disruptions in supply chains during the initial few months of pandemic.

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Nevertheless, algae protein has seen huge demand, owing to growth in consumer consciousness regarding health and fitness during the pandemic.

The global algae protein market is segmented on the basis of type, application, and region. On the basis of type, the market is bifurcated into spirulina and chlorella. By application it is segmented into nutraceuticals/supplements, food & beverages, and others. Region wise, it is analyzed across market is studied across North America, Europe, Asia Pacific and LAMEA.

Key Findings Of The Study

By region, North America dominates the global algae protein market, and is expected to retain its dominance during the forecast period.
By type, the spirulina segment led in terms of market share, in 2020; and is expected to grow with robust CAGR in the upcoming years.
By application, the nutraceuticals/supplements segment accounted for more than four-fifths of the market share of the algae protein market in 2020; and is projected to grow at the highest CAGR during the forecast period.
By type, the chlorella segment is expected to lose some market share in the upcoming years.
By region, Asia-Pacific is anticipated to grow with a robust CAGR during the forecast period.

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Some of the major players profiled for in the algae protein market analysis includes Cyanotech Corporation, C.B.N. Bio-engineering Co., Ltd, Far East Microalgae Industries, Co., Ltd., Fuqing King Dnarmsa Spirulina Co., ltd., Gong Bih Enterprise Co., Ltd., Algenol biotech, Sun Chlorella Corporation, NB Laboratories, Taiwan Chlorella Manufacturing Company Ltd, and Tianjin Norland Biotech Co., Ltd

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Sparkling Wines Market is anticipated to reach $51.7 billion by 2027, growing at a CAGR of 7.3% during the forecast period

According to a new report published by Allied Market Research, titled, “Sparkling Wine Market by Type, Product, Price Point, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,”

The global sparkling wines market size was valued at $33.9 billion in 2019 and is anticipated to reach $51.7 billion by 2027, growing at a CAGR of 7.3% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $17.8 billion from 2019 to 2027. Sparkling wine is a fermented carbonated beverage made with grapes and other fruits. The fermentation process results in the production of alcohol and CO2. During the fermentation process, the gas is not allowed to escape, and thus forms tiny bubbles. This carbonation of wine takes place either in bottles or large tanks. Carbonation can also result from CO2 injected into a few varieties of wines.

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Sparkling wine is one of the most popular alcoholic drinks preferred by consumers due to its aroma, taste, quality, and reasonable pricing. Furthermore, global developments, triggered by megatrends, such as urbanization, increasing disposable income, and rapidly aging population, indirectly create demand for sparkling wine, which, in turn, supports the growth of the number of wineries.

The alcohol industry is anticipated to experience the differential impact of the COVID-19 pandemic on each stage of its value chain through the mediums of affected workforce at industrial level, raw material supply (agricultural produce, ingredients, and intermediate products), trade & logistics, demand–supply volatility, and uncertain consumer demand at foodservice outlets. In addition, production, distribution, and inventory levels across the sparkling wines industry spectrum have experienced severe impact. Strong global concerns about the pandemic have largely but negatively influenced the global sparkling wines industry. Moreover, due to this pandemic, the prices of sparkling wines increased in 2020 to overcome economic instability.

The fast pace of global urbanization has resulted in an increased demand for luxury goods and services, especially in developing economies such as LAMEA and Asia-Pacific. As these goods are considered as status symbols, they are increasingly being adopted in these countries, thus providing attractive opportunities to manufacturers to distribute and sell their products in these locations. Furthermore, international events, such as film festivals, art exhibitions, auctions, and award shows, have increased the demand for sparkling wines at such social gatherings.

The major players in the sparkling wines market are investing in R&D to enhance the quality of wine and gain competitive advantage over other players in the market. However, stringent government policies about advertisements and distribution of sparkling wines hamper the sparkling wines market growth.

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Consumption of sparkling wines is booming globally as it accounts for 10% of the total wine sales. In recent years, the sale of sparkling wines has grown to 2.5 billion liters consumption every year. Germany was the world champion in sparkling wines consumption, with more than 5 liters per capita and a role as a major distributor of sparkling wines from traditional wine-growing regions in central Europe.

Furthermore, there has been increase in the number of netizens along with rise in internet penetration. Most of the key players in the market strategize on promoting their products on various social media platforms. Through social media marketing strategy, the sparkling wines market attracts critical growth opportunity.

Sparkling wine has witnessed higher rate of penetration in North America and Europe. However, low availability has been observed for this product in some major parts of Asia-Pacific and LAMEA, which is attributed to low-performing macro-economic factors such as low internet penetration and insufficient marketing strategies by manufacturers. Therefore, lower penetration of such products limits the growth of the sparkling wines market.

According to the sparkling wines market analysis, the market is segmented on the basis of type, product, price point, sales channel, and region. Based on type, the sparkling wines market is categorized into red, rose, and white. Red wine is the most consumed wine, and holds the major market share in the global sparkling wines market. Europe has a long tradition of red wine consumption, which has made it simpler for the market to penetrate more. Moreover, the presence of vineyards in European countries producing all varieties of red wine has its impact on the regional red wine market.

On the basis of product, it is categorized into cava, champagne, cremant, prosecco, and others. The prosecco segment was valued at $12.1 billion in 2019 and is expected to growth at a CAGR of 6.8% during the forecast period. The segment is expected to reach $17.8 billion by 2027. Attributed to increase in disposable income and aspiration of consumers toward experiential luxury, the market is expected to grow significantly in the coming years.

On the basis of sales channel, the supermarket/hypermarket segment dominated the market in 2019, accounting for 52.8% of the market share, and is expected to retain its dominance over the sparkling wines market forecast period. This is attributed to increase in business of retail sales in different regions and availability of large shelf space for maximum sales.

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Region-wise, Europe was the prominent market in 2019, garnering maximum market share. The major countries of the region, such as Italy, Spain, and France, held half of the production of wine across the globe. Therefore, the positive economic prospects of Europe seem sufficient for a rise in aspirations among urban consumers with higher disposable income to invest in luxury products. However, the market is expected to provide attractive profitable opportunities to the manufacturers.

The key players profiled in this report include Accolade Wines Australia Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.P.A, Constellation Brands, E. & J. Gallo Winery, Pernod Ricard, The Wine Group, Treasury Wine Estates, and Vina Concha Y Toro SA.

Key findings of the study

By type, the red segment held the highest market share, accounting for 54.5% of the global sparkling wines market share.
In 2019, by product, the prosecco segment held the highest market share, accounting for 35.8% of the market share.
By price point, the luxury segment is expected to witness the fastest growth rate of 7.9% during the forecast period.
By sales channel, the supermarket/hypermarket segment held the highest market share, accounting for 52.8% of the market share.
In 2019, Europe was the most prominent regions in the sparkling wines market, and is expected to grow at a significant CAGR during the forecast period.
The report provides a quantitative analysis of the current sparkling wines market trends, estimations, and dynamics of the global sparkling wines market from 2021 to 2027 to identify the prevailing opportunities.

Reasons to Buy this Sparkling Wines Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

About Us

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

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help@alliedmarketresearch.com

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Diary-free Cheese Market to See Strong Growth Momentum | Kate Hill, Lisanatti Foods, Angel Food

Dairy free-cheese can be made from plant-based ingredients such as soybean, almond, cashew nut, peanut coconuts milk, nutritional yeast, and rice. It is available in almost every form that traditional dairy-based cheese does. It contains less fat, protein, high fiber, and other vitamin contain help to make a healthy diet plan in a regular meal. Minimally processed choices are likely healthier than high-processed products. Cheese is one of the foremost cherished dairy items over the globe, and come in almost as numerous styles and flavors as dairy cheese.

Companies covered

Daiya Foods Inc., Kate Hill, Lisanatti Foods, Tofutti Brands, Inc., Bute Island Foods Ltd.; Dairy Free Down Under, Angel Food, Violife Foods, WayFare, VP Elmarso Ltd.; and First Grade International Ltd.

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COVID-19 Scenario Analysis:
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Increase in the health awareness and consumption patterns in a regular meal is the key driver of the growth of the dairy-free cheese market in the market.
Plant-based cheese is essentially the fat-free protein, anti-oxidant wealthy green juice, and vegetables beneficial for health.
Increase in the usage in the fast-food segment for making delicious and variety of bake foods impacts the growth of consumption in the diary-cheese market.

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The global dairy-free cheese market are as follows
The surge in usage in the fast-food and bakery industry
Leading dairy-free cheese manufacturers always focuses on recent trends and market development to various applications as there are varying demands based on the utilization. The dairy-free cheese market is highly competitive in terms of the advancement of the manufacturing process, quality, and consumer taste, and preference. Plant-based cheese products have less-fat, protein and various nutritional contents as compared to dairy cheese products

Regional insights
Europe is anticipated to hold the largest market share of the dairy-free cheese market in terms of consumption and revenue growth. Surge in vegan population and increase in demand for plant-based products for health benefits drive the growth of the dairy-free cheese market during the forecast period.

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Key Segments Covered:
Segments
Sub-segments
Product Type
Mozzarella
Parmesan
Cheddar
Cream Cheese

Source
Soy Milk
Almond Milk
Coconut Milk
Others

Application
Fast Food Snack
Dips & Sauces
Bakery & Confectionery

Key Benefits of the Report:

This study presents the analytical depiction of the dairy-free cheese market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global dairy-free cheese market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global dairy-free cheese market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global dairy-free cheese market analysis based on competitive intensity and how the competition will take shape in the coming years.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
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India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.