Thursday 27 August 2020

Culinary Tourism Market Size, Share, Growth, Trend & Forecast 2025

 Increasing reach on social platforms and rising number of food-driven festivals to drive global culinary tourism market



According to TechSci Research,Global Culinary Tourism Market by Gastronomic Activity(Food Tours, Visit to Markets and Food Producers, Food Fairs, Food Events, Museums, Cookery Workshops, Others),By Marketing Activity(Food Guides, Brochures, Websites, Blogs, Events, Publicity, Others),By Tourists Category(Millennials, Baby Boomers, Gen X, Gen Z), By Region, Forecast & Opportunities, 2025, the global culinary tourism market is expected to grow at a high CAGR rate during the forecast period on account of increase in travelers and expansion of tourism sector. Culinary tourism has evolved to a phase, where it combines various cultural practices and revealing the ethical values of various territories. This attracts the customers towards culinary tourism. The global culinary tourism market has shown robust growth in the last few years due to the increase in number of food enthusiasts. Some of the other factors for the growth in culinary tourism market are rise in per capita income and increase in awareness through various media channels. Globalization coupled with growing number of local culinary programs introduced at music and arts festivals are also contributing to the growth of the market. Introduction of food trucks at various events, which has become the latest trend is one of the major factors for the growth in culinary tourism market. However, tourists sometime hesitate to spend too much money on trips and at such food stalls, which might hamper the growth of the market.

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The global culinary tourism market is segmented based on gastronomic activity, marketing activity, tourist activity, company and region. Based on gastronomic activity, food tours segment is expected to dominate the market in the forecast period. In the last few years, food enthusiast population has increased, which is contributing to the increasing share of the food tours segment. Based on marketing activity, websites and blogs segment is expected to hold lion’s share until 2025. With the increase in social media networking, there has been increase in the culinary tourism market as people post pics on these sites which attracts tourists.

Abercrombie & Kent USA, Classic Journeys LLC, G Adventures Inc., Greaves Travel India Private Limited, India Food Tour, ITC Travel Group Limited, The FTC4Lobe Group, The Travel Corporation, Topdeck Tours Ltd., TourRadar GmbH are some of the leading players operating in global culinary tourism market. The companies operating in the market are using strategies such as attractive tours packages, discounts, to boost their share and strengthen their position in the market.

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Europe dominated the global culinary tourism market in 2019 and the trend is expected to continue during the forecast period as well. This is due to surging number of culinary tourist arrivals and availability of foods and beverages. Moreover, increase in per capita income and changes in lifestyle are expected to positively influence the growth of the regional culinary tourism market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Culinary Tourism Market By  Gastronomic Activity (Food Tours, Visit to Markets and Food Producers, Food Fairs, Food Events, Museums, Cookery Workshops, Others), By Marketing Activity (Food Guides, Brochures, Websites, Blogs, Events, Publicity, Others),By Tourists Category (Millennials, Baby Boomers, Gen X, Gen Z), By Region, Forecast & Opportunities, 2025, has evaluated the future growth potential of global culinary tourism market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global culinary tourism market.

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North America to Dominate Flavonoid Market During Forecast Period

Increasing demand for flavonoids from end user industries is expected to drive the growth of global flavonoid market



According to TechSci Research report, Global Flavonoid Market By Type, By Application, By Form, By Region, Competition, Forecast & Opportunities, 2025, global flavonoid market is expected to witness a steady CAGR during the forecast period. Changing consumer lifestyles is one of the major factors accounting for the growth of global flavonoid market. Moreover, rising demand for beauty & health supplements is expected to bode well for the growth of global flavonoid market through the forecast period. In addition to this surging need of convenience food products has resulted in extensive use of flavonoids in functional food, which is positively influencing the growth of global flavonoid market. Also, rising requirement for natural and organic beauty products is making headway for the growth of global flavonoid market. Along with this, development and launch of numerous products in the cosmetics industry, is expected to positively contribute to the market growth in the next 5 years. Additionally, flavonoid is useful in inhibiting cancer cell growth, having anti-microbial action and cure stomach ulcers, therefore preventing infections. Diets including foods that are rich in flavonoid is well known for its use in prevention of health issues, like neurodegenerative and cardiovascular diseases, due to which the global flavonoids market is expected to rev up during the forecast period. Also, the consumers are focusing more towards consuming nutritious food owing to rising concerns pertaining to the variety of diseases including obesity, diabetes, blood pressure, and cancer, which is expected to propel the growth of the market in the next 5 years.

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Global flavonoid market can be segmented based on type, application, form, company and region. Considering the application, the market is fragmented into functional beverages, functional food, dietary supplements and others. The functional beverages segment dominated the global flavonoid market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well which can be accredited to the fact it improves the metabolic processes in the myocardium, thereby inhibiting thrombus formation. In addition to this, consumption of flavonoid-containing drinks provides certain benefits such as it is helpful in stimulating the immune system, reduce the teratogenic mutagenic carcinogenic effect, and controlling the adversity of anthropogenesis, thereby augmenting the product demand across the globe.

Cayman Chemical Company, Quercegen Pharmaceutical, Foodchem International Corporation, INDOFINE Chemical Company, Inc., Extrasynthese, Toroma organics Ltd, Pharmachem Laboratories Inc., Organic Herb Inc., Phytocompounds, Indena S.p.A, Merck KGaA, Flavon International Ltd, Alchem International Pvt. Ltd, Triveni Interchem Private Limited, Sigma-Aldrich are among others are the leading players operating in global flavonoid market. The players are adopting several growth strategies to enhance the market scenario of flavonoid. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.

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“North America is forecast to dominate the global flavonoid market during next five years on account of high prevalence of various preventable, diet-related chronic ailments including cardiovascular diseases, overweight, type 2 diabetes and obesity in the region. Furthermore, increasing health consciousness among the consumers is also contributing to the growing trend. Additionally, growing consumption of nutraceutical products is further boosting the market growth. Along with this, high youth population coupled with surging popularity of sports in the region is further expected to have a positive impact on this industry over the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Flavonoid Market By Type, By Application, By Form, By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of global flavonoid market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global flavonoid market.

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Europe Powder Coating Market By Resin Chemistry (Polyester, Epoxy Polyester Hybrid, Epoxy, Acrylic, Polyurethane & Others), By End Use (General Metals, Automotive, Appliances, Architectural, Electronics, etc.), By Country (Germany, UK, France, etc.) Competition, Forecast & Opportunities, 2014 – 2024 

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Asia Pacific Functional Food Market By Source ( Plant & Animal), By Ingredient (Flavonoid, Dietary Fibres, Fatty Acids (Omega-3 fatty acids), Prebiotics & Probiotics, Minerals, Vitamins and Others), By Application (Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health and others, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2025           

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Guarana Market Size, Share, Growth, Trend & Forecast 2025

 Growing awareness among consumers regarding health benefits and rising obese population to drive the growth of global guarana market



According to TechSci Research,Global Guarana Market By Product Form (Powder, Liquid), By Application (Confectionary Products, Fruit-juice based Drinks, Energy Drinks, Dietary Supplements, Cosmetics, Others), By Region, Forecast & Opportunities, 2025, the global guarana market is expected to grow at a steady CAGR during the forecast period on account of increasing adoption of guarana for manufacturing dietary supplements. Hectic life of urban population has led to neglection of health, which has led to an increase in the number of chronic diseases. This has resulted in increased health awareness and consumption of healthy foods and beverages to prevent persistent problems. Increased awareness regarding health benefits of guarana-infused products which provide growth opportunity for guarana market. Guarana is used for the treatment of diseases such as diarrhea, joint pain, low blood pressure, headache and fever. Thus, increasing demand by the end-users is major growth factor for the global guarana market. High caffeine content of guarana is used to stimulate central nervous system, heart and muscles, which is the driving factor for the growth of guarana market. Due to health benefits of guarana, it is being used in shampoos, disinfectants, conditioners, which is another driver for the growth of market. Guarana seeds are known to have anti-hunger properties which facilitates weight loss among its consumers. Additionally, these seeds are beneficial to improve mental health and intellectual performance.

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The global guarana market is segmented based on product form, application, company and region. Based on product form, liquid segment is expected to dominate the market in the forecast period which is due to rise in the sales of energy drinks in Europe and North America. Based on application, energy drinks segment is expected to dominate the market in the forecast period owing to the easy availability of these energy drinks and high energy content.

Vitaspice Brasil Ltda, Prover Brasil for Export Ltda, Herboflora Produtos Naturais Ltda, Ambey Ltd, Duas Rodas Industrial Ltda, A R De Sousa Ribeiro & Cia Ltda, Natural Amazon Herbs Producao De Extratos Ltda, Iris Trade Inc., The Green Labs LLC., The Guarana Company are some of the leading players operating in global guarana market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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North America is expected to dominate the global guarana market during the forecast period on account of growing awareness related to the benefits of guarana. Growing health and wellness trends coupled with the increase in consumption of energy drinks is the major factor for the growth of guarana market in the region. Europe is the second region which is expected to dominate the market during the forecast period. Growing obese population and consumer demand for sugar-free, low-calorie, and functional food products is expected to fuel guarana market in the region. The increase in disposable income and expansion of retail market are also key driving factors for guarana market in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Guarana Market By Product Form (Powder, Liquid), By Application (Confectionary Products, Fruit-juice based Drinks, Energy Drinks, Dietary Supplements, Cosmetics, Others), By Region, Forecast & Opportunities, 2025, has evaluated the future growth potential of global guarana market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global guarana market.

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Global Immunity Boosting Packaged Foods Market By Product Category (Food, Beverages & Supplements), By Distribution Channel (Offline (Supermarkets & Hypermarkets, Specialty Stores, Convenience Stores, Others), Online), By Region, Forecast & Opportunities, 2025

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Probiotic Cosmetic Products Market Size, Share, Growth, Trend & Forecast 2025

Increasing inclination of consumers toward organic cosmetic products and rising number of working women to drive global probiotic cosmetic products market



According to TechSci Research report, “Global Probiotic Cosmetic Products Market By Category (Hair Care, Skin Care, Baby Care, Others), By Type (Premium Beauty & Mass Beauty, Others), By Distribution Channel (Hypermarkets & Supermarkets, Drug Stores/Pharmacy, Online Channel, Others), By Demography (Male, Female, Pediatric), By Region, Forecast & Opportunities, 2025, the market is expected to witness significant growth rate during the forecast period owing to increasing demand for cosmetic products containing organic ingredients. Various consumer groups, particularly millennials, are getting inclined towards probiotic cosmetics because they have ingredients which can tackle several skin concerns such as acne, blemishes, wrinkles, etc. The rising number of working women, spending more on cosmetics is also a key factor behind the growth of this market. Also, clinical evidences and efficiency of probiotic cosmetic products are anticipated to fuel the market growth until 2025.

Additionally, the demand for multifunctional beauty products is further leading to the growth of global probiotic cosmetic products market. By spending on a single product, the consumer gets maximum value and effective results. This is serving as a positive factor for the growth of probiotic cosmetic products market. Manufacturers are also coming up with more innovative and effective products and are using skin micro biome bacteria such as Lactobacillus, Micrococcus, Lactococcus, Bacillus, etc., which is expected to propel the market growth in coming years.

However, there are certain factors restricting the growth of global probiotic cosmetic products market. Most of these products have a sort self-life, hence, the manufacturers might face challenges in supply chain. These products are comparatively high in price then other kinds of cosmetic products, which might limit the scope of their market growth.

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The global probiotic cosmetic products market is segmented based on category, type, distribution channel, demography and region. Based on category, the market is segmented into hair care, skin care, baby care and others. The skin care segment dominated the market in 2019 owing to the high demand of skin care products, especially among younger consumers. However, the hair care segment is expected to register fastest CAGR during the forecast period owing to the growing popularity of green personal care products, especially microbiome hair care products. The trend of hair colouring and increasing cases of hair loss are also expected to drive the demand for probiotic hair care products in the coming years.

Based on distribution channel, the global probiotic cosmetic products market is segmented into hypermarkets & supermarkets, drug stores/pharmacy, online channel and others. The hypermarket & supermarkets segment holds largest market share as they have wide variety of cosmetic products from different brands starting from low to high price. This enables consumer to choose what suits best for them both economically as well as in terms of product value. However, the online channel is expected to witness high growth during the forecast period as they provide convenience of purchasing to the consumer. Online channels such as Amazon and Alibaba sell wide variety of products and are hence, giving tough competition to offline stores. 

Major players operating in the global probiotic cosmetic products market include L’OREAL S.A., Unilever PLC, The Procter & Gamble Co., The Estée Lauder Companies Inc., The Clorox Co., Aurelia Skincare Ltd., ESSE SKINCARE, The Clorox Co., Johnson & Johnson, GLOWBIOTICS Inc., Gallinée, LaFlore Probiotic Skincare, Eminence Organic Skin Care and Columbia SkinCare. Leading brands are coming up with fermented beauty products containing omega 3 fatty acids, which give an effective result. Apart from that, companies are also investing in packaging and strong distribution networks to increase their market reach.

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“International Probiotics Associations (IPA) has made it compulsory for manufactures to carry out safety tests before launching their products into the market. This enhances the consumer’s trust owing to which, the market is anticipated to witness high growth in years to come. The process of certification is likely to be eased by different standards and certification agencies which is expected to provide huge growth opportunities for emerging market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Probiotic Cosmetic Products Market By Category (Hair Care, Skin Care, Baby Care, Others), By Type (Premium Beauty & Mass Beauty, Others), By Distribution Channel (Hypermarkets & Supermarkets, Drug Stores/Pharmacy, Online Channel, Others), By Demography (Male, Female, Pediatric), By Region, Forecast & Opportunities, 2025 has evaluated the future growth potential of global probiotic cosmetic products market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global probiotic cosmetic products market.

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India Electric Rice Cooker Market Size, Share, Growth & Forecast 2026

 Increasing demand for energy saving devices and surge in consumer disposable income to drive India electric rice cooker market



According to TechSci Research report, India Electric Rice Cooker Market By Type (Standard, Multifunction, Induction Heat, Others), By Capacity (1-2L, 3-4L, 5-6L), By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online, Others), By End User (Residential, Commercial), By Region, Forecast & Opportunities, FY2026, India electric rice cooker is anticipated to grow at a robust rate during the forecast period. Electric rice cookers are designed to cook rice for different duration of time without intervention of any cook. They are available in the market with different capacities and at varying prices. The market is gaining traction in India on the back of significant consumption of rice in the country. India stands second in terms of highest rice producing countries and produced 116.42 million metric tons rice in the year 2018-19. Rising consumer awareness about sustainable development and saving energy for future purposes is driving the market as this has shifted customer's focus from conventional rice cooking to electrical rice cooking and thus, increased the sales of electric rice cookers. Increasing population in India as well as rising number of nuclear families are expected to bolster the market growth. In order to cut down the family expenses, Indian population has initiated spending its disposable income on energy efficient devices like electric rice cookers, induction cooktops, etc. Another factor that can be held responsible for the growth of the market is convenience, aesthetics, short duration of time taken for cooking and long duration of time for which a cooker keeps the rice warm. This is highly beneficial for commercial purposes, for instance, hotels and restaurants, where a large number of people are to be served in a small duration of time.

India electric rice cooker market is segmented on the basis of type, capacity, distribution channel, end user, region and company. Based on distribution channel, the market is further segmented into supermarket/hypermarket, specialty stores, online and others. Amongst these, supermarket/hypermarket segment is expected to hold the largest share in the market through FY2026 as compared to other segments as people usually prefer offline stores for buying electrical appliances rather than online ones in order to test the quality and ensure the warranty of products. Furthermore, specialty stores are particularly meant for specific brand of appliances, which makes them easier to find, thereby contributing to the share of the segment. Based on end user, the market is further bifurcated into residential and commercial. In FY2020, residential led the market and the trend is expected to continue until FY2026 owing to the increase in the number of nuclear families. However, commercial segment is anticipated to register the maximum growth as electric rice cookers are becoming quite popular in public eating spots like hotels and restaurants because of their convenience and minimal need of operation.

Bajaj Electricals Limited, Hawkins Cookers Limited, TTK Prestige Limited, Panasonic India Pvt. Ltd., BMS Lifestyle, Toshiba India Pvt. Ltd., Kent Group, Pigeon Appliances Private Limited, Philips India Limited, Geek Robocook, Greenchef Appliances Limited and others are some of the leading players operating in India electric rice cooker market.

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“India electric rice cooker market is expected to register significant growth during the forecast period. Technology advancements in IoT & artificial intelligence have penetrated through various sectors. In order to cater to the rising demands and preferences of customers, companies are now utilizing these advanced technologies to minimize human intervention while cooking by introducing new innovations like remote controlled electric rice cookers. This is contributing to the market growth in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Electric Rice Cooker Market By Type (Standard, Multifunction, Induction Heat, Others), By Capacity (1-2L, 3-4L, 5-6L), By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online, Others), By End User (Residential, Commercial), By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India electric rice cooker market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India electric rice cooker market.

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India Hygienic Product Market to Witness Rapid Growth through FY2026

 

Growing awareness about health & hygiene and booming personal care industry to drive India hygienic product market



According to TechSci Research report, India Hygienic Product Market By Product Type (Sanitary Napkins/Pad, Tampons, Panty Liners, Menstrual Cup, Feminine Hygiene Wash, Others), By Distribution Channel (Supermarkets & Hypermarkets, Drug Stores/Pharmacies, Convenience Stores, Online), By Region, Forecast & Opportunities, FY2026, the market is anticipated to witness robust CAGR during the forecast period. Key factors driving the growth of India hygienic product market include outbreak of COVID-19, which has resulted in growing consciousness about health and hygiene. Consumers are now taking preventive measures to control the spread of infectious diseases such as coronavirus and are therefore using variety of personal hygienic products. With the growing demand, major FMCG companies are coming up with new hygienic product ranges and have doubled their production capacities. In 2019, the personal care industry constituted nearly 46% of market share in total beauty and personal care industry in India. Thus, with thriving personal care industry in the country, the hygienic products market is expected to undergo a rapid growth through FY2026.

Moreover, the booming e-commerce industry and increasing availability of hygienic products on online platforms are supporting the growth of this market. Also, rapid urbanization, growing middle class population and rising per capita disposable income are some other key growth drivers for India hygienic products market. International giants are also exploring Indian market and introducing new and innovative products. Furthermore, the Indian government’s policy reforms such as 100% FDI (foreign direct investment) allowance in single brand retail and 51% in multi brand retail is anticipated to fuel the hygienic product market growth in the country.

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India hygienic product market is segmented based on female hygienic product and male hygienic product market. The female and male hygienic product market is further segmented into product type and distribution channel. The various female hygienic products include sanitary napkins/pad, tampons, panty liners, menstrual cup, feminine hygiene wash and others. Among them, sanitary napkins/pad held largest market share in terms of revenue in 2019 and is further expected to dominate the India female hygienic product market during the forecast period. The growing awareness about menstrual hygiene and Indian government’s effort to educate about safe menstrual hygiene practices in semi-rural and rural areas are promoting the growth of this segment in the country.

Based on distribution channel, India female and male hygienic product market can be segmented into supermarkets & hypermarkets, drug stores/pharmacies, convenience stores and online. Among them, the online segment is expected to be the fastest growing segment through FY2026 owing to the probable increase in the number of online retailers in the country. Moreover, easy availability of foreign and premium products and heavy price discounts offered by online retailers are driving the growth of online distribution channel.

Major players operating in the India hygienic product market include Johnson & Johnson Private Limited, Procter & Gamble Hygiene & Health Care Ltd, Unicharm India Private Limited, Glenmark Pharmaceuticals Limited, Redcliffe Hygiene Private Limited, Kimberly Clark Corp., Hindustan Uniliver Limited, Sudh Plus Hygiene Products Private Limited, First Step Digital Private Limited, Emami Group (Royal Hygiene Pvt. Ltd), Edgewell Personal Care and Amway Corporation. The companies are adopting growth strategies like new product launches and promotional activities to increase their market share.

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“Hygienic products are no more confined to just soaps, face wash and hair care products in India. The change in consumer behavior and growing attention on personal hygienic products among both men and women are some positive trends for hygienic product market. The outbreak of coronavirus has highlighted the importance of hygienic products and the manufacturers are now witnessing high demand from Tier II and Tier III cities,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Hygienic Product Market By Product Type (Sanitary Napkins/Pad, Tampons, Panty Liners, Menstrual Cup, Feminine Hygiene Wash, Others), By Distribution Channel (Supermarkets & Hypermarkets, Drug Stores/Pharmacies, Convenience Stores, Online), By Region, Forecast & Opportunities, FY2026 has evaluated the future growth potential of India hygienic product market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India hygienic product market.

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UAE Organic Food Market Size, Share, Growth, Trend & Forecast 2026

 Increasing health-consciousness and prevalence of lifestyle related diseases to drive UAE organic food market



According to TechSci Research report, UAE Organic Food Market By Type (Fruits and Vegetables), By Form (Fresh and Frozen), By End User (Residential and Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Grocery Stores, E-Commerce, Convenience Stores and Others), By Region, Forecast & Opportunities, 2025”, the market is anticipated to witness a healthy CAGR during the forecast period owing to increasing health-consciousness, especially among younger population of the country. The increasing prevalence of lifestyle-related health problems such as cardiovascular diseases, obesity and diabetes are promoting more attention to their diet and include healthier options like organic food products consumers to pay. Also, increasing number of standard local organic food farms in UAE are expected to drive the organic food market growth through 2025.

Moreover, the sizeable disposable income of UAE is also a key factor behind the growing demand for organic food products. Besides, UAE government is taking initiatives to lower obesity rate of the country which is expected to accelerate the demand for organic food products over the coming years. Furthermore, the availability of plethora of organic food including fruits and vegetables is also fueling the growth of UAE organic food market. However, the market is also prone to some challenges. Lack of knowledge about the benefits of organic food and their high cost are expected to hamper the market growth. Also, climatic conditions and limited water resources are making farming activities difficult in the country and hence it is primarily dependent on organic food imports.

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The UAE organic food market is segmented based on type, form, end user, distribution channel and region. Based on end user, the market can be segmented into residential and commercial. Among them, the residential segment is expected to undergo fastest growth during the forecast period owing to rising health concerns and growing popularity of organic food among younger population of the country.

Based on distribution channel, UAE organic food market can be segmented into supermarkets/hypermarkets, grocery stores, e-commerce, convenience stores and others. Among them, the supermarkets/hypermarkets segment accounted for largest market share in 2019 and is further expected to register high growth through 2025 owing to the availability of organic food products in most major UAE hypermarkets and supermarkets. However, the e-commerce segment is expected to undergo high CAGR during the forecast period owing to the booming e-commerce industry and more retailers offering their products online.

Key players operating in the UAE organic food market include Lulu Group International, Union Co-operative Society, Abu Dhabi Cooperative Society , Emirates Cooperative Society, Park n Shop , Farmbox, Al Madina Group, Nesto Group (Western International Group LLC), Choithrams and Al Maya. The companies are focusing on introducing affordable organic food products, especially fruits and vegetables in UAE. They are also investing on increasing their productivity to meet the growing demand for organic food.

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“Over the last three years, UAE has experienced behavioral changes in high-income group consumers, who are emphasizing on nutrition as well as environmentally friendly foods. The demand for locally grown organic fruits and vegetables has considerably increased in the country. The government has also implemented regulations on organic farming and is coming up with certification process to ensure that the locally grown organic fruits and vegetables meet the international organic farming standards.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“UAE Organic Food Market By Type (Fruits and Vegetables), By Form (Fresh and Frozen), By End User (Residential and Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Grocery Stores, E-Commerce, Convenience Stores and Others), By Region, Forecast & Opportunities, 2025 has evaluated the future growth potential of UAE organic food market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in UAE organic food market.

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Tuesday 25 August 2020

India Candy Market to Grow at a robust CAGR during the forecast period


Continuously increasing population, rising disposable income leading to growing consumer spending on lifestyle products along with increasing number of young working class age group in the country to drive India candy market during the forecast period.

According to recently released TechSci Research report India Candy Market By Type, By Organized Vs Unorganized, Competition Forecast and Opportunities, FY2016-FY2026’’, India candy market is forecast to grow at a robust CAGR during FY2016-FY2026, on account of increasing awareness among consumers about foreign brands candies due to rapid westernization and aggressive marketing and promotional strategies by market players is driving the demand for candies in the country. Rapid urbanization across the country has led to the increase in brand consciousness and inclination towards western brands leading to the emergence of premium candy segments in the country. According to world bank, in 2015, the healthcare expenditure in India stood at 4.90% of the India’s GDP, as compared to 4.70% in 2014. This increase in the healthcare expenditure is attributed to rising disposable incomes. Moreover, according to central intelligence agency, India median age by gender in 2016 is 27.6 years with male at 26.9 years and females at 28.3 years. Due to these reasons coupled with rising urban population share, which was over 50% in 2015, the demand for candy in the country is expected to significantly grow during the forecast period.

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Most part of India is still poorly developed or undeveloped. However, increase in personal disposable income and rising standards of living due to westernization has shifted the mindset of consumers from saving to consumption and spending on lifestyle. The spending power of consumers in India is projected to increase due to rising middle class households. Today, consumers are willing to entertain quality products, irrespective of the price constraints and this is why the premium products in candy market are picking up speed in India.

The implications of aggressive marketing and promotional strategies are higher in Tier I and Tier II cities like Delhi/NCR, Mumbai, Bangalore, Chennai, etc., as they are majorly affected by continuously increasing modernization. The requirement for candy products is expected to increase in the households due to increase in gifting culture trend in the country. The growing demand for candies has resulted in an increasing foray of companies into the sector. India candy market is majorly dependent on imports for premium candies. The sugar candy segment has dominated the India candy market in 2015, and is projected to garner a revenue share of over 50% in India candy market by FY2026, due to increasing disposable income of consumers, continuous launch of innovative and imported products and growing awareness among end users.

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“Increasing competition among individuals to attain a luxurious lifestyle is also one of the primary reasons of rising lifestyle issues such as diabetes, blood pressure, etc., in the country. In order to overcome health problems caused due to high sugar intake, people are shifting towards sugar-free and low calorie products to safeguard themselves from the adverse effects of lifestyle diseases. Companies operating in India candy market are focusing on new innovations and launching products to cater the rising demand for sugar free products with minimal side effects and to attract customers as well as increase their penetration in the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 

India Candy Market By Type, By Organized Vs Unorganized, Competition Forecast and Opportunities, FY2016-FY2026has evaluated the future growth potential of India gift card market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India gift card market.

 

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