Molasses Market Analysis in Good Shape in 2024; COVID-19 to Affect Future Growth Trajectory

Molasses is a viscous bi product obtained from refining sugarcane and sugar beets into sugar.Sugar cane and sugar beets molasses has a thicker texture. Sugarcane cultivation rate is high in these countries. Molasses is used for healing burns, treating constipation, alleviating blood pressure, and reducing fat accumulation in the human body. Thus, considering these factors, molasses market is expected witness high growth in forecast period.

Based on type, the global Molasses Industry Trends has been segmented into light, dark, blackstrap, and others.The blackstrap segment is anticipated to gain the largest revenue share in the global molasses market and shall maintain lead throughout the forecast period.Blackstrap molasses is being used in various applications such as food, alcoholic beverages, animal feed, and others due to the health benefits offered by the blackstrap molasses syrup.This is a crucial determinant that is catalyzing the growth of blackstrap segment in the global molasses market.The same segment is expected to grow with the highest growth rate owing to the growth of end-use industries in which molasses is used.

The global molasses market has been segregated, by category, into organic and conventional.The conventional segment is expected to garner major share in the global molasses market owing to the huge availability of conventional molasses.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.

The global molasses market is been classified, by source, into sugarcane, sugar beets and others.The sugarcane segment is expected to gain largest share, owing to the factor that sugarcane is cultivated on a large scale and the cost of the process to extract molasses is low.

The global molasses market has been segregated, by application, into functional food & beverages, animal feed, biofuel and others. The food & beverage segment is projected to gain largest share in the global molasses market due to the major application of molasses as sweetener in food and beverage products. The high antioxidant activity of molasses categorizes it as superfoods and play a vital role as a food supplement. However, the animal feed segment is anticipated to grow with the highest growth rate during the forecast period owing to the significant increase in animal farming.

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Regional Analysis:

The global molasses market has been segmented on the basis of region, into North America, Europe, Asia-Pacific, Rest of the World.

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

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

Juice Concentrates Market Analysis in Good Shape in 2024

Increasing awareness about healthy lifestyle which helps in enhancing overall health has driven growth of the juice concentrate market.Demand from the working class has increased in recent years. Juice concentrates are high in nutrition hence consumers have seen rise in demand for it.Along with all these growing demand about healthy alternative to carbonated drinks also boosting the juice concentrate market growth further.Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Juice Concentrates Market Size Research Report- Forecast to 2023 ”that the market will demonstrate an exceptional CAGR% while achieving million dollar growth readily in the forecast period.

Juice concentrate is a non-fermented liquid extract obtained by squeezing fresh fruits which has almost no water content. Juice concentrates are as healthy as the fresh fruits.Low-cost involvement in logistics and storage, and high demand for fruit drinks, yogurt, ice Cream, and baby food are primarily driving the global juice concentrate market.Also, high demand of juice concentrate from confectionary industry has surged the global juice concentrate market.

Juice concentrate is light on stomach and good for digestion as it is enriched with some of the most essential nutrients and minerals that our body needs.Due to hectic work schedules that working class goes through every day, they are unable to take proper nutrient regularly and their body lacks these as well as antioxidants that helps in treating various heart, skin, hair and other health related problems.The demand for juice concentrate is expected to increase exponentially in the coming years especially in developed countries where juice concentrate is becoming an important part. Juice concentrate is mainly available in liquid, powdered and frozen form so that conveniently suits numerous consumers' requirement.R & D, innovative product line,improvement in the packaging technology are some of the latest methods followed by key manufacturers which have been driving the market growth in recent years.

Globally, the juice concentrate market is mainly driven due to growing awareness among consumer regarding importance of nutrient intake. Consuming vegetable juices is convenient than consuming cooked vegetable as cooking is a tedious process especially when hectic schedule is followed every day without fail. Increasing popularity about natural as well as healthy ingredients in juice concentrate is effecting growth of the market. Manufacturers are introducing number of products with different combination of vegetables, fruits and other ingredients which is fueling sales of juice concentrate worldwide. Rising recommendation of juice concentrate from dieticians is also supporting the market growth due to urge for living a healthy lifestyle.

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Latest Industry Updates

Sep 2017 Sysco Corporation SYY has launched seven new products, which include cheesecakes, juice concentrates, organic chicken and shrimp amongst others.These products are designed to suit the health and wellness of consumers as well as save labor.

Aug 2017 Prodalim Group, one of the leading suppliers of juices, concentrates and multiunit blends, has entered into an agreement to acquire the Louis Dreyfus Company (LDC) juice facility in Winter Garden, Florida.The company is focusing towards mergers / acquisitions to strengthen its business portfolio.

Knitwear Market Analysis in Good Shape in 2024; COVID-19 to Affect Future Growth Trajectory

The clothes manufactured through knitting wool or other fabrics are commonly known as knitwear. The major determinant fueling the growth of global knitwear market is the surging penetration of e-commerce platform in the sales of knitwear. Countries such as Russia, China, India, Brazil, and South Africa are mainly witnessing a surging demand for knitwear through online retail channel.

Global Key Players:

Some of the key players in the global knitwear market are Adidas AG (Germany), Gildan Activewear Inc. (Canada), Loro Piana S.p.A. (Italy), Puma SE (Germany), Ralph Lauren Corporation (the US), The Nautical Company (UK) Ltd (UK), Victoria’s Secret (the US), Maglificio Ripa S.p.a (Italy), LENZING AG (Austria), Ecowool (New Zealand), and Sana Hastakala (P) Ltd. (Nepal).

The global knitwear market has been segregated, by category, into men, women, and kids. The women’s segment is expected to dominate the global knitwear market during the assessment period as a major demand of apparels is from the women’s category. Moreover, knitwear for women are available in a wide variety of designs and patterns. The same segment is anticipated to witness a higher CAGR during forecast period due to higher awareness among women regarding changing fashion trends and their willingness to buy new apparels.

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Based on material type, the global knitwear market has been segmented into natural, synthetic, and blended. The natural segment gained the highest market share in 2017 owing to the versatile, cozy, anti-wrinkle, high absorption capacity, and warm nature of natural fabrics such as cotton, silk, and wool. However, the blended segment is expected to register a higher growth rate during the forecast period owing to the mixed properties offered by blended fabrics. Blended fabric material provides comfort, coziness, elasticity, durability and is easy to work upon.

The global market for knitwear has also been classified, by distribution channel, as store based and non-store based. The store based segment is anticipated to gain the lion’s share in the global knitwear market due to the presence of established brick & mortar stores across the globe. However, the non-store based segment is anticipated to project a higher CAGR during the forecast period due to the rising penetration of e-commerce in knitwear sales.

The global market for knitwear has also been classified, by end-use, as innerwear and outerwear. The outerwear segment is expected to dominate the market due to the availability of different formats of outwear knitwear. In addition, the rate of wear and tare of outerwear is high as compared to innerwear, which in turn is surging the sales of outerwear segment.

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On the basis of region, the global knitwear market has been segmented into North America, Europe, Asia-Pacific, and RoW. North America and Europe are expected to account for the highest market share in the global knitwear market owing to presence of several prominent market players in the regions. Moreover, the customers in the respective regions have a higher purchasing ability to buy premium knitwear products.

Asia-Pacific is expected to exhibit the highest CAGR in the global knitwear market due to the surging demand for textile products in countries such as India, China, Taiwan, and Indonesia. Market players are outsourcing their production operations from Asia-Pacific, which in turn is catalyzing the region’s market growth.

Organic Drinks Market Analysis in Good Shape in 2024; COVID-19 to Affect Future Growth Trajectory

Increasing demand of beverages made from natural ingredients is supporting the growth of organic drinks market globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Organic Drinks Market Research Report- Forecast to 2023 that the organic drinks market will demonstrate an exceptional CAGR during the forecast period.

Globally the Organic Drinks Market Demand share in beverage industry is estimated to escalate at a higher growth rate which is supported by the rising consumption of low-calorie, natural and healthy drinks in the developed countries. The high anti-oxidant content of the organic beverage helps in the proper functioning of the body and hence the popularity is increasing in various regions. The instant powder segment of organic drinks are estimated to grow at a higher growth rate based on the convenience usage and high shelf-life. Due to the high health benefits, the consumption of organic drinks is anticipated to increase at a steady growth rate.

Consumption of instant organic drinks is increasing at a steady rate. Also, with the increase in consumption of instant drinks, the sachets segment is found to grow at a steady rate. The on-the-go drinks popularity has increased the sale of ready-to-drink organic drinks amongst the all consumer groups in the world. New innovations as anticipated to take place in the organic drinks manufacture as the demand of the product is raising globally.

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Latest Industry Updates

Dec 2017: he Campbell Soup Co. has completed its $700 million acquisition of Pacific Foods of Oregon, a producer of organic broth and soup, shelf-stable plant-based beverages and meals and sides. The deal, which was announced in July, had been stalled by a lawsuit filed against Pacific Foods by a former shareholder.

Global Organic Drinks Market - Competitive Analysis

Established players from North America and Europe are following strategies innovations in their-product line to expand their business in other regions due to increasing demand of organic drinks in the beverage industries. They are mainly focused on increasing their supply to established industries that have high demand of organic products.

The key players profiled in the organic drinks market are Hain Celestial Group (U.S.), Suja Life, LLC (U.S.), Organic Valley (U.S.), Coca-Cola (U.S.), Parkers Organic Juices PTY LTD (Australia), Groupe Danone (France), Purity Organic, LLC (U.S.), and The Better Drinks Co (New Zealand) among many others.

Superfoods Market Analysis in Good Shape in 2024; COVID-19 to Affect Future Growth Trajectory

Superfood is an umbrella term used to refer different types of food which have high nutritional benefits. Urbanization has drastically changed lifestyles and diets of a large majority the population in urban areas. High availability of unhealthy snacks and their easy affordability have led to largely unhealthy diets which have resulted in increasing occurrences of diabetes, and high obesity rates. This has increased the demand for nutritionally dense food. Market Research Future's report on the global superfoods market covers every significant nuance of the market and offers various observations along with predictions for the upcoming forecast period.

Increasing occurrences of chronic diseases have led to a shift in consumer preferences to healthier lifestyles. Consumers are becoming more conscious of their well-being and are actively working to improve it. This has led to a boost in demand for nutrient dense food items. Consumers are now willing to try new things which have further increased the popularity of superfoods. Another factor influencing unhealthy lifestyle and the consumer shift to healthier options is convenience and functionality. Until recently, conveniently available food items were not necessarily the healthiest options for which the demand has increased. Market players are actively involved in product innovations with new products like beverages with superfood ingredients, and snack bars, becoming highly popular. 

Blueberries, acai, kale, chia seeds, spirulina, and goji berries are among some of the most well-known superfoods. They are available in several forms, ranging from supplements to powders for addition to food and beverages. Increased convenience in availability and use of superfoods are expected to add to their popularity. Another factor influencing the growth of the superfood market is the increasing number of social media influencers which use brightly colored superfoods in their content and often advertise products for market players. Many superfoods although hailed for their nutritional benefits, are not strictly proven by science and some may even have adverse effects in large quantities thus leading to product recalls. This is likely to challenge the market. Additionally, many superfoods are unaffordable, thus restraining growth. 

Superfoods Market Segmentation

The global superfoods market is segmented into distribution channel, product type, and application. Various types of superfoods exist and have been broadly classified in the report into superfruits, supersedes, super grains, edible seaweed, and other superfoods. Applications of these superfoods primarily include beverages, snacks, supplements, bakery & confectionery, and others. Distribution of superfoods and superfood items is broadly divided between store-based and nonstory based. Store-based distribution channels include supermarkets, hypermarkets, and others, while non-store-based distribution channel largely discusses e-commerce.

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Superfoods Market Regional Analysis

North America and Europe represent key markets with similar growth patterns. North American, in particular, has a high population of obese individuals and diabetics who are looking for healthy food items to assist in managing their condition or reducing weight. As such, superfoods have a high adoption rate in the region.

The Asia Pacific is another significant market of note due to the regions high ability to produce a number of superfoods which are natural to the region. For instance, ginseng, goji berries, and garcinia are among some of the more popular superfood items which are native to the region. Moreover, countries such as India and China have a long history of using highly potent and nutritious plants, fruits, and other superfoods to alleviate a variety of problems.

The Rest of the world also offers growth opportunities to the market, as items such as maca root, quinoa, and several others are popularly native to South American countries, thus driving production.

Superfoods Market Key Players

Several important market participants have been analyzed and added to the report Archer Daniels Midland, Nutiva, Creative Nature, Del Monte Pacific Group, Sunfood Superfoods, NUA Naturals, Healthy Truth, and others. These players are actively developing new and innovative products which offer convenience while maintaining high nutritional value.