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

Edible nuts have shot into the spotlight as they are nutritionally dense and offer consumers protein, fiber, minerals, and several other trace compounds that contribute to a healthy body. Market Research Future's report on the global edible nuts market for the forecast period of 2018 to 2023 reveals several key facts and figures about the market. The market's optimistic outlook is likely to result in expansion of the present market value of edible nuts.

Edible nuts are high in mono-unsaturated fatty acids (MUFA), which are some of the healthiest fats one can consume. MUFA-rich food is often recommended to those looking to lose weight as it provides a lasting full feeling, thus resulting in reduced snacking and an overall reduction in the intake of calories. Moreover, healthy fats have been highly recommended to patients with coronary diseases and other diseases. Protein content in nuts is another factor driving demand, particularly among the health conscious. Global shift toward mindful eating, and health consciousness due to the dramatic rise in chronic diseases has increased the demand for edible nuts. Moreover, veganism has been on the rise and innovation in product offering for this expanding demographic has resulted in the use of nuts to make dairy alternatives. Almonds and cashews are commonly used to make nut milks and yogurt substitutes. Cashew is used for making dairy-free cheese substitutes, cream substitutes and other dairy alternatives. With the increasing demand for vegan products, the market is likely to witness further expansion in the coming years. Nuts have been highly popular in the F&B industry, being used in cooking, bakery products, confectionery and several other areas. The growth of this industry due to increasing demand from a rising population with more purchasing power is also expected to impact the market positively.

Edible nuts are climate dependent, and several challenges in the production of nuts may restrain the market. Prices are volatile depending on production. For instance, recent droughts in California led to a significant increase in the price of almonds.

Market Segmentation

MRFR's report analyses the various parts of the market which contribute to the whole. As such, the global edible nuts market has been segmented on the basis of type, form, application, and region. Various types of edible nuts include cashew nuts, almonds, chestnuts, pistachios, hazelnuts, brazil nuts, and others. Edible nuts are available in various forms which include whole, powder, split, and others. Applications for edible nuts include direct consumption/culinary purpose, bakery & confectionery, breakfast cereals, snacks, beverages, dairy products, and others.

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Regional Analysis

Europe accounts for the largest share of the global edible nuts market. Country-level markets such as Netherlands, Germany, France, and the UK are expected to lead growth over the forecast period. The region’s growing health consciousness and supportive government regulations regarding the same have resulted in an increased demand for natural, food products with a low sugar content. Nutrient-rich natural whole foods are highly popular in the region. North America accounts for the second largest market due to the wide use of nuts in countries such as the U.S. Use of various types of oils derived from nuts and the increasing use of almonds and cashews among other nuts to make nut butters have greatly contributed to the popularity of edible nuts in the North American Market. Meanwhile, the Asia Pacific is likely to grow rapidly with the highest CAGR during the forecast period. The rising demand for healthy food items is expected to boost growth. Moreover, in countries such as India, there is a long history of using nuts in making traditional sweets, and beverages. Nuts are often given as presents during the holidays and have consistent demand in the Indian market.

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

Global  Sparkling Wine Market  is predicted to grow at a notable CAGR over the forecast period (2018-2023), in accordance with the latest Market Research Future (MRFR) report. Sparkling wine, simply put, is a wine that bubbles as it is poured into the glass.The fizziness that makes the wine to sparkle makes it unique.It contains a good amount of carbon dioxide that makes it fizzy.Sparkling wine is available in different forms, from dry to sweet.It is classified based on different parameters such as level of ABV (alcohol by volume), country of origin, and method of preparation. 

Sparkling wine is produced from different varieties of grapes.Champagne is one of the most popular sparkling wines.This wine not only tastes good but also offers a wealth of health benefits.It can lower blood pressure, healthy for the heart, improve memory, boost This form of wine is the most technical.What makes it so technical is the fact that sparkling wines undergo not one yet a second fermentation for making bubbles.Today, sparkling wine is available in different flavors including lemon zest, lime, tropical fruit, fresh apple, flavors of flowers, and more to satiate the different taste buds. 

Various factors are propelling the sparkling wine market growth.These factors, in accordance with the MRFR report, include increase in the number of local wineries, demand for premium wines, introduction of innovative products in the market such as limited edition, low-alcohol, and organic sparkling wines in different flavors such as pear, rose, apple, and honey, and growing disposable income.Additional factors pushing market growth include increasing preference of people for non-alcoholic and less alcoholic beverages, changing lifestyles, increasing social parties, internet and social media influence, increasing use of e-commerce platforms to sell wines, and growing family earning. 

On the contrary, resource scarcity, vulnerability due to environmental and climatic factors, and high cost are factors that may deter the sparkling wine market growth over the forecast period. 

Market Segmentation

The MRFR report provides a complete segmental analysis of the sparkling wine market report on the basis of distribution channel and type. 

Based on type, the sparkling wine market is segmented into red, rose, and white. 

Based on distribution channel, the sparkling wine market is segmented into retail and food service.The retail segment is again segmented into specialty stores, supermarkets and hypermarkets, and others. 

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Regional Analysis

By region, the sparkling wine market report covers the latest trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). Of these, Europe is predicted to dominate the market during the forecast period.This region is the largest wine producer in the world which is contributing to the market growth.More, innovation in packaging, growing packaging industry, increase in marketing and promotional activities, increase in per capita income, and elevated living standards are also boosting the market growth. 

The sparkling wine market in North America is predicted to have a notable growth over the forecast period.This is owing to celebrity endorsements and high investments in the region.Stringent regulations and heavy taxation may restrict market growth in this region. 

The sparkling wine market in the APAC region is predicted to have substantial growth over the forecast period.This is on account of the increase in living standards, growing sophistication, and rapid urbanization.Indonesia, Malaysia, and India are the key contributors in this region .More, the presence of several vineyards in Australia is adding to market growth. 

Skim Milk Powder Market Analysis in Good Shape in 2024; COVID-19 to Affect Future Growth Trajectory

The global skim milk powder market share is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these North America region has the major market share followed by Europe. New Zealand is the major exporter of skim milk powder. New Zealand mainly export its skim milk powder to countries like China, Algeria, U.A.E., Sri Lanka and Malaysia. After New Zealand, Netherlands is the major exporter of skim milk powder which export the products to Middle East and African countries. Asia Pacific region is emerging market for skim milk powder manufacturers as it has potential opportunities for skimmed milk powder market to grow due to its changing consumer food pattern and increase in economic conditions.

Skim Milk Powder Market Overview

Skim milk powder is dehydrated skim milk that is used extensively as a milk replacer. It is white to light cream in color with a clean dairy flavor. It is manufactured by removing water from pasteurized skim milk. It contains 4% or less moisture and 1.5% or less milk fat. Skimmed Milk Powder is commonly used in the manufacturing of cheeses, frozen desserts, margarine, soups, puddings, cultured products, beverages, recombined milk, dry mixes and confections. Whole milk contains around 147 calories a serving, whereas skim milk contains 91 calories. Skim milk is actually more nutrient dense than the other versions of milk, because the only thing actually removed from whole milk is the fat. Skim milk still contains all the nutrients which contains in the milk.

Skim Milk Powder Market Forecast:

Globally the skim milk powder market is mainly driven by increasing demand in food industry especially in bakery and confectionery food items. Rising working women population who prefer infant formula made from skim milk powder over breastfeeding is supporting the market growth. Improved packaging of skim milk powder is also influencing the growth of the market. High nutritional value, convenient usage and rising application in dairy products are also driving the demand of skim milk powder in the last few years.

Skim Milk Powder Market Downstream Analysis:

Skim milk powder is majorly used for dairy products manufacturing which contains low fat. The application of skim milk powder is increasing in bakery and confectionery products due to rising demand for low fat and nutritious bakery and confectionery products. There is a significant growth in the use of skim milk powder in infant formula as it contains essential vitamins, minerals and protein for an infant growth. Due to low fat content and rich source of protein and vitamins, the popularity of sport and nutrition foods made from skim milk powder is increasing from last few years.

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Key Players of Skim Milk Powder Market:

• Nestle (Switzerland)
• Alpen Dairies (Netherland)
• Miraka (New Zealand)
• Fonterra (New Zealand)
• Lactoland (Germany)
• Amul (India)
• Nova Dairy products (India)
• Synlait milk ltd (New Zealand)

Key players in skim milk powder market are mainly located in New Zealand, Netherlands and India are these countries are major producers of skim milk powder. The presence of manufacturers is also depends upon the availability of resources and demand for skim milk powder. Key manufactures are investing hugely to innovate efficient processing techniques and to improve packaging of skim milk powder to maintain high nutritional value of the product.

Skim Milk Powder Market Segmentation:

Global skim milk powder market is segmented by powder type, specialty diet, packaging and application and region.

Organic Cocoa Market Scenario, Growth Opportunities and Forecast 2024

According to the latest report published by Market Research Future (MRFR), the global market size of organic cocoa is likely to grow to USD 585 Mn by the year 585 Mn. This also indicates towards a strong growth of the market over the next couple of years. Organic cocoa-based food variants have expanded dramatically over the recent years and the trend is likely to gain further momentum in the forthcoming years. Modern consumers, especially millennials display a highly positive sentiment towards organic ingredients, which is partly supporting the growth of the market. The demand for premium grade chocolate products is on the rise, which is having a positive influence on the global sales of organic chocolate. Consumption of beverages and functional food prepared with organic ingredient is picking up steams worldwide, which in turn is prompting food brands to increase their focus on organic variants.

Market Research Future (MRFR) in its report offers a detailed segmental analysis of the Global Organic Cocoa Market based on application and region. By application, the market has been segmented into functional food & beverages, pharmaceuticals, bakery & confectionery, personal care products and others. The bakery and confectionery segment is expected to account for the largest share of the market during the forecast period. Use of organic chocolate in confectionary and bakery products has continued to grow over the years owing to their increasing demand from consumers. As consumers become more health conscious, brands are shifting their attention towards chemical-free healthy ingredients such as organic cocoa. The bakery and confectionery segment currently holds more than one-third market share and is expected to exhibit a healthy growth over 2022. The functional food & beverage segment holds the second spot and will remain highly profitable in 2018 and beyond.

By region, the market has been segmented into Americas, Africa and the rest of the world (RoW). The market for organic cocoa in the Americas is expected to remain highly lucrative over the next couple of years. Increased level of health awareness among Americans has led to an increased demand for organic food products, which characterizes the exemplary of the growth of the market in the region. Countries such as the U.S. and Canada remain the top investment destination for market players. By the years 2022, the market in the Americas is expected to reach a valuation of over USD 400 Mn, reflecting a strong growth. Africa is also likely to remain an important organic cocoa market. Over the next four years, the Africa organic cocoa market is project to witness an impressive growth. Africa is a major supplier of cocoa, which puts it in a strong position in the global organic cocoa market.

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Key Players

Key companies operating in the global organic cocoa market include BT Cocoa (Indonesia), Conacado Agroindustrial S.A.(Dominican Republic), Blommer chocolate company (U.S.), Tradin Organic Agriculture B.V. (U.S.), Olam Limited (Uganda), Mars Inc. (U.S.) and Barry Callebaut AG (Switzerland).

Mascara Market Scenario, Growth Opportunities and Forecast 2024

The increasing sale of mascara is driven by its increasing demand across the beauty and fashion sectors. Mascara is used to enhance the beauty of eyes by making the lashes look more voluminous. Increasing fashion awareness and self-consciousness amongst the female population in developed regions has led to the innovation in fashion sector leading to the increased sale of various type of mascara globally. Increasing disposable income due to economic developments has influenced the positive growth rate of this market. The production of mascara is found to be high in Europe and is evaluated to increase at a positive growth rate in various countries of Asia-Pacific and North America.

Market Forecast:

Globally, the Mascara Market Growth as a key product in eye cosmetics is estimated to escalate at a higher growth rate which is coupled with increasing fashion awareness in the contemporary population The high demand for trending beauty products are supporting the sale of mascara in the market. Developing economy of various regions is fueling up the market demand for mascara on a global level.

All these factors contribute to the calculated CAGR of 5.70% of mascara market during the period of 2017-2023.

Downstream Analysis:

Voluminizing mascara is found to hold a lion’s share in the mascara market whereas the demand for lengthening mascara is growing at a significant rate due to high consumers’ preference towards application of mascara to increase the overall volume of the eye lashes. With the increase in demand for long lasting cosmetic products, the share of water resistant mascara is anticipated to increase during the forecast period.

Supporting the chemical-free property of mascara and cosmetic products, formaldehyde-free mascara is evaluated to hold a major share in this market. In addition, sale of mascara through specialty-stores is found to hold a significant share amongst the various other distribution channels.

Competitive Analysis:

The major key players in Mascara market are

• L'Oréal Group (France)
• Procter & Gamble (U.S.)
• LVMH (France)
• The Estée Lauder Companies Inc. (U.S.)
• Amway (U.S.)
• Shiseido Co., Ltd. (Japan)
• Natura Cosméticos S.A. (Brazil)

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Mascara manufacturers across various regions follow the strategy of improving their existing product line by adding innovations to their products to expand their business. Due to this, mascara products with various unique colors and shades are gaining popularity globally. This is one of the major factors due to which the demand of mascara as a potential eye cosmetic product is experiencing a surge. In the Europe, France is amongst the dominating countries holding a major share in mascara market exporting the product in various other countries which include U.S., China, Singapore, U.K., Germany and others.

Regional Analysis:

The Global Mascara Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Europe holds a major market share followed by North America. The high demands for mascara from the developed countries of these regions is contributing to the positive growth of mascara market. Economic development and changing fashion trends is also driving the mascara market. China, Hong Kong, U.K., Singapore, and Germany are the major importers of mascara.