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

2020-05-13 10:05:47 | Food and Beverages

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

2020-05-13 10:05:46 | Food and Beverages

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

2020-05-13 10:05:44 | Food and Beverages

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.


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

2020-05-13 10:05:44 | Food and Beverages

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

2020-05-13 10:05:40 | Food and Beverages

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.