Seaweed Snacks Market Worth $3.36 Billion By 2027

The global seaweed snacks market size is expected to reach USD 3.36 billion by 2027 registering a CAGR of 10.8%, according to a new report by Grand View Research, Inc. The increasing demand for healthy snacks and better-for-you foods has been boosting the market growth. Seaweed is a rich source of vitamins, minerals, antioxidants, fiber, protein, iodine, amino acid, folic acid, calcium, omega-3 fatty acid, and potassium. These nutritional contents of seaweed products offer several health benefits, such as improved function of thyroid gland, enhanced gut health, and decreased cholesterol level. Furthermore, these products are naturally free from gluten, GMOs, and allergens, which also drives their demand. The strips & chips product segment dominated the market accounting for more than 50% share of the global revenue in 2019.

Nori strips and dried or roasted seaweed strips are the most common products in the market. These low-calorie and nutritious strips have become a healthy alternative to the high-calorie chips. Furthermore, the launch of various flavors, such as Korean BBQ, wasabi, sweet onion, teriyaki, and chili lime, is expected to expand the consumer base of the market in the upcoming years. Asia Pacific held the largest market share of over 50% in 2019 and will retain its dominant position throughout the forecast period as seaweed is one of the staple foods of Asian countries including China, South Korea, and Japan. However, North America is expected to register the fastest CAGR over the forecast period due to high product demand as a result of rising health concerns.

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https://www.grandviewresearch.com/industry-analysis/seaweed-snacks-market

Further Key Findings from the Study Suggest:

North America is expected to register the fastest growth with a CAGR of 11.3% from 2020 to 2027 owing to the rising health concerns
The strips & chips product segment led the global market in 2019 and held over 50% of the global revenue share
Asia Pacific is estimated to be the largest regional market by 2027 due to the wide availability of raw materials
The online distribution channel segment is expected to register the fastest CAGR from 2020 to 2027 due to the increasing adoption of e-commerce across the globe

Dairy Products Market Size Worth $586.11 Billion By 2027

The global dairy products market size is anticipated to reach USD 586.11 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.5% from 2020 to 2027. Rising demand for dairy products and growth of the modern retail and logistics facilities are some of the major factors driving the market growth. The rising popularity of innovative dairy products, such as low-fat butter, no-sugar flavored milk, and flavored cheese, is also driving the market. However, the rise of veganism and vegan diet, especially in North America and Europe, is expected to restrict market growth.

In terms of product, milk emerged as the largest segment in 2019 as it is considered an essential source of protein and calcium that helps in bone development. Moreover, milk products, such as flavored milk and low-fat milk, have higher demand. The online distribution channel segment is likely to ascend at the fastest CAGR over the forecast period as online platforms provide a wide range of products. In addition, such channels provide many discounts and cashback offers. The rising usage of the internet and improving online connectivity are expected to drive the segment growth further.

Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2020 to 2027 due to the growing demand for cheese and yogurt in countries like China and India. The development of modern retail and logistics in these countries is also propelling the demand for dairy products. A busier lifestyle and a rising focus on health and wellness have resulted in the increased consumption of packaged dairy products. The trend is expected to grow significantly in the coming years, thereby supporting market growth. In addition, rapidly expanding e-commerce sector in the region due to increasing internet penetration and reliability is expected to boost product sales through online distribution channels.

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https://www.grandviewresearch.com/industry-analysis/dairy-product-market

Further key findings from the report suggest:

In terms of product, the milk segment accounted for the largest revenue share of over 32% in 2019
Europe held the largest share of more than 31% in 2019 due to high consumption of cheese in countries including Germany, France, Italy, and Spain
Asia Pacific is projected to ascend at the fastest CAGR of 4.8% from 2020 to 2027 due to the rising demand for milk products in emerging economies including China, India, and Bangladesh

Coconut Products Market Worth $95.64 Billion By 2025

The global coconut products market size is expected to reach USD 95.64 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 17.8% during the forecast period. The market is expected to witness significant growth due to rapidly rising consumption in countries from Europe and North America. Various health benefits and applications of coconut products are anticipated to further fuel the adoption.

Coconut oil accounted for the largest market share owing to its various applications in cosmetics, food and beverages, energy, and oil and gas among other industries. Moreover, manufacturers are also focusing on finding innovative applications of this product. The strictly vegan population prefers coconut milk as one of the alternatives to dairy milk. However, due to a recent study conducted by a Harvard epidemiologist, consumption of coconut oil can be harmful due its high saturated fat content which can increase level of bad cholesterol in the body. In addition to this study, increasing use of other oils like almond and soy is expected to hinder the segment growth. Coconut water is the fastest growing segment owing to the rising awareness regarding its benefits among major European countries. Currently, the product is being used as a substitute to energy drinks like Gatorade. Hence key market players are focusing on the untapped potential benefits of the product to create growth opportunities.

Cosmetics industry was the largest consumer of coconut products in 2018, owing to booming cosmetics market coupled with consumer preference for organic and natural cosmetics. The segment is anticipated to witness the fastest CAGR of 18.1% from 2019 to 2025. Food and beverages industry from Asia Pacific and Central and South America is anticipated to register significant consumption of coconut products. These regions are the major producers of coconut and hence these products are commonly included in daily use. However, due to the availability of many alternatives such as almond oil, soy products, and rice milk among others, this segment is anticipated to grow at a steady pace. Other applications of coconut products are being explored in the textile industry as geo-textiles and in the energy sector as biofuels.

North America held the highest market share in terms of revenue in 2018, due to increasing consumer preference for plant-based products. Europe is anticipated to showcase substantial growth in light of increasing penetration of coconut water uses in this region. Changing consumer preference fueled by high disposable income is another factor propelling the regional market growth.

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https://www.grandviewresearch.com/industry-analysis/coconut-products-market

Further key findings from the report suggest:

In terms of revenue, coconut water is projected to ascend at a CAGR of 20.3% over the forecast years
Oil segment led the coconut products market due to various applications of the product in healthcare, personal care, cosmetics, and food and beverages
China followed by U.S. and Netherlands were the major importers of coconut oil in 2018
Major exporters of coconut and its products are Indonesia, Philippines, India, and Brazil. Brazil was the major exporter for the European countries till 2014. However, due to increasing demand, Philippines also exports to European countries on a large scale.

Gluten Free Sugar Syrup Market Size Worth $1.44 Billion By 2025

The global gluten free sugar syrup market size is expected to reach USD 1.44 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.31% during the forecast period. Major factor attributing the growth is the growing number of gluten intolerant people. Consumer awareness regarding healthy living lifestyle is also attributed to the growth. People are omitting gluten rich foods from their diets to avoid diseases like Irritable Bowel Syndrome (IBS) and celiac diseases among others. By 2018, more than 170 million global population was suffering from celiac diseases, driving consumers to opt for gluten free foods and beverages.

Glucose syrup category was valued to be the largest market accounting for 47.21% of the global market in 2018. It is used to help balance sweetness, enhance flavors, and extend shelf life. Some of the key glucose syrup manufacturers are Cargill, Incorporated, SWEET ADDITIONS, LLC, and Tate & Lyle. Maple syrup is the second largest segment in the global market. This is used as an ingredient in a packaged food or poured on pancakes or oatmeal. Quebec, Canada accounted for 71% of the global maple harvest due to its soil capacity.

Industrial category was valued to be the largest application by accounting over 60% of market share in 2018. Growing consumer awareness regarding gluten free foods is driving companies to use gluten free sugar syrup as an ingredient. Companies are expanding their product line for this category. For instance, The Coca Cola Company has introduced Coke Zero, Diet Coke, Coca-Cola Classic, and other gluten free products.

Direct human consumption category accounted for around 37.67% of the global gluten free sugar syrup market in 2018. It is used to prepare different dishes and cocktails. Under this category independent health store sub category is expected to expand at a CAGR of 8.72% from 2019 to 2025. Consumers prefer this independent health store category due to product varieties. Employee training programs to boost sales is anticipated to further drive the product demand over the forecast period. It has been observed that the U.S. base health stores are operating in online and offline markets to meet the customer demand, for instance, The Better Health Store, The Vitamin Shoppe, and others.

North America is the largest consumer of gluten free sugar product. Around 3.5 million U.S. based consumers are gluten intolerant, driving the market growth. Consumer awareness about celiac disease and the rising trend of leading a healthy lifestyle is driving more people to consume gluten-free diet. Europe is expected to be the fastest growing market with a CAGR of 7.29% from 2019 to 2025. Growing consumer awareness about IBS is attributed to the regional growth.

The market is competitive in nature with the presence of many small and large brands. Some of the major companies are B&G Foods, Inc.; MONIN INCORPORATED; Wholesome Sweeteners, Inc.; CANADIAN ORGANIC MAPLE; Börger GmbH; Skinny Mix; Tereos; and others.

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https://www.grandviewresearch.com/industry-analysis/gluten-free-sugar-syrup-market

Further key findings from the report suggest:

In product segment, corn syrup category is projected to ascend at a CAGR of 7.83% from 2019 to 2025
Glucose syrup product led with an overall market share of 47.21% in 2018
Industrial category was the largest application by accounting a market share of 62.33% in 2018
North America led the global gluten free sugar syrup market in 2018 with a market share of 41.3%
Growing consumer awareness regarding healthy lifestyle is driving the growth
The market is highly competitive in nature with the main players including MONIN INCORPORATED; Wholesome Sweeteners, Inc.; CANADIAN ORGANIC MAPLE; Börger GmbH; and Blue Ocean Biotech
Various manufacturers are concentrating on expanding their product line to increase their customer base

Sports Drink Market Size Worth $29.9 Billion By 2025

The global sports drink market size is expected to reach USD 29.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Sports drinks contain various constituents including electrolytes, energy, and water that can be consumed by athletes before, during, or after a competition or training. Growing demand for such drinks among individuals engaged in various physical activities is one of the major factors driving the market. In addition, rising health awareness among the younger population is expected to fuel the market growth.

Beautiful young woman drinking water and cooling off after her running training at the park

Rising consumer preference for sports beverages over sodas and other carbonated drinks owing to their respective association with sports and fitness activities. Despite the fact that these beverages were originally made for athletes and sportspersons, they have gained popularity among the common population as anytime drinks or energy drinks, especially among the teenagers and younger adults.

Taking up the opportunity of the popularity of sports beverages among teenagers and adults, manufacturers across the world are targeting these age groups. They are focusing on innovation of new flavors and addition of value to their products by including more health benefits, in order to widen their product portfolio. Furthermore, increase in the number of health clubs and fitness centers are expected to propel the growth of the target market.

In terms of revenue, North America held the largest market share of 40.3% in 2018, owing to growing trend of athleticism and rising concerns over health. Countries in Asia Pacific such as China, India, and Japan are anticipated to hold huge potential for the market growth, considering the presence of a large young population. European countries such as Germany are considered to be the major markets for sports drinks.

Consumer preference for organic and natural products owing to lesser side effects associated with them, is anticipated to have a negative impact on the market growth. Nonetheless, rising demand for these energy beverages with natural ingredients, such as natural sweeteners, is expected to bring up the sales of the market.

Evolution of the retails including supermarkets and hypermarkets, in addition to growing trend of online shopping and booming food and beverage industry, is expected to positively impact the market growth. Among all the distribution channels, retail and supermarkets account for a prominent share in the market due to rising convenience and growing demand for bulk purchases among consumers.

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https://www.grandviewresearch.com/industry-analysis/sports-drink-market

Further key findings from the study suggest:

The hypertonic product segment is projected to expand at a CAGR of 4.6% over the forecast period. The isotonic segment dominated the market with a share of 39.5% in 2018
North America dominated the global sports drink market in 2018, accounting for 40.3% share of the overall revenue. This trend is projected to continue over the next few years
Countries such as Germany are considered to be the major markets for sports drinks, due to high disposable income of the consumers, followed by India, China, and Japan
The industry is highly competitive due to presence of the main players including PepsiCo, Coca-Cola, Sportade, Pocari, 100Plus, and Lucozade
Various manufacturers are focusing on new product launches, capacity expansion, and product portfolio extension to estimate existing and future demand patterns from upcoming application segments.

Sparkling Water Market Worth $59.67 Billion By 2027

The global sparkling water market size is expected to reach USD 59.67 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.8% over the forecast period. Growing consumer drink preferences for healthy alternatives to carbonated and other types of sugary soft drinks are expected to promote market growth.

Moreover, improvement in economic indicators in emerging economies, such as China, India, South Africa, and Brazil, as a result of supportive government policies at the national level is expected to open up new avenues for the carbonated beverage manufacturers to invest in the near future.

Over the past few years, sugary carbonated as well as soft drinks have led to various health problems, such as obesity, diabetes, and cardiovascular diseases. Owing to the harmful effects of such drinks, people are increasingly adopting naturally carbonated water with a good amount of minerals, which is beneficial for the body. Moreover, skyrocketing drinking water contamination across the globe has fueled the demand for clean, purified, and safe bottled water with added minerals.

Product innovation is expected to remain one of the key success factors over the next few years. In February 2020, PepsiCo Inc. launched caffeinated sparkling water under the brand ‘bubbly’. The company has launched this new product line in order to compete with the caffeinated water category offered by competitors, including Keurig Dr Pepper, The Coca-Cola Company, and Nestlé S.A.

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https://www.grandviewresearch.com/industry-analysis/sparkling-water-market

Further key findings from the report suggest:

Unflavored sparkling water was the largest product segment with a share of more than 65.0% in 2019 and is expected to maintain the lead over the forecast period owing to the availability of a wide range of products in the global market
The flavored segment is anticipated to witness the fastest growth with a CAGR of 12.0% from 2020 to 2027 owing to the increasing popularity of alternatives to sugary and carbonated drinks among consumers across the globe
On-trade was the largest distribution channel segment with a share of more than 40.0% in 2019. Increasing spending on dine-out among millennials at the global level is expected to remain a key driving factor for promoting the scope of on-trade channels over the next few years
North America emerged as one of the largest regional markets with a share of more than 25.0% in 2019. New product launches in premium bottled water variants in countries, including the U.S. and Canada, are expected to favorably impact the industry growth in the region.

Edible Oil & Fats Market Worth $162.51 Billion by 2025

The global edible oil and fats market size is expected to reach USD 162.51 billion by 2025, according to a new report by Grand View Research, Inc. Rising popularity of edible oil as a key nutritional constituent on account of its various benefits including improvement in immune system and prevention from cardiovascular disorders is projected to drive the demand.

Rising concerns over glutamic disorders in developed countries including U.S. and Germany is expected to promote the scope of oilseed-based product forms as vegan alternatives for animal fats. Furthermore, changing lifestyle coupled with buyer preference for nutrition enriched food products among middle-class income groups from developing economies such as China, India, and Thailand is projected to increase the usage of edible oils over the next eight years.

Offline channels are projected to lead, accounting for more than 50% of total market share in terms of revenue. Increased concentration of supermarkets in emerging economies such as China, India, Mexico, Brazil, and South Africa is projected to provide the consumers a wide range of options when it comes to edible oils and edible fats.

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https://www.grandviewresearch.com/industry-analysis/edible-oil-fats-market

Further key findings from the report suggest:

Oil product segment generated revenue exceeding USD 60 billion in 2018. Rising importance of calorie-free products including olive and sunflower as healthier alternatives as compared to animal-based fats is projected to remain a favorable factor over the forecast period
Coconut segment is expected to witness a CAGR of 7.4% from 2018 to 2025. The product is expected to gain importance on account of being effective source of amino acids, vitamins, and minerals
Asia Pacific led with more than 30% of global market share in terms of revenue in 2018. The high concentration middle-income age groups in key markets including China, India, Bangladesh, and Thailand is expected to assist the region maintain the dominance in near future
The edible oil and fats market is highly competitive in nature. Key players include Aceities Borges Pont S.A.; ACH Food Companies, Inc.; ADM; Avena Nordic Grain Oy; and Cargill Inc.
Strategic partnerships with the distributors located in emerging economies with significant buyer base is expected to remain a critical success factor for the key market participants in the forthcoming years.

Sauces, Dressings & Condiments Market Worth $181.0 Billion By 2025

The global sauces, dressings, and condiments market size is expected to reach USD 181.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. Rising popularity of international cuisines among the youth adult customers is expected to remain a key factor boosting industry growth over the forecast period. Moreover, increasing demand for healthy and nutritious on-the-go food products has propelled the demand for a wide variety of sauces, condiments, and dressings.

Dips is expected to be the fastest growing product segment, expanding at a CAGR of 5.3% from 2019 to 2025. Changing diet pattern of the youth population owing to fast moving lifestyle has fueled the demand for dips and table sauces. Moreover, over the past few years, growing popularity of Asian cuisines in U.S. and European countries is propelling the demand for the condiments and dressings. According to an article published by ‘The Washington Post’, in 2014, Asian cuisines accounts for around 50% of the sales of the major restaurant chains present in U.S. This significant rising popularity of Asian cuisines across the globe is increasing the scope for the global market over the forecast period.

U.S. represented the world’s largest market for sauces, dressings, and condiments. Over the past few years, the major players of the region have adopted marketing strategies including innovative product launches as well as mergers and acquisitions in order to cater to the increasing demand for condiments and dressings. For instance, in December 2018, The Kraft Heinz Company launched a wide range of dips under the brand name Philadelphia Dips. Dips are available in three flavors: buffalo style with celery, jalapeño cheddar, and southwest style with black bean and corn.

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https://www.grandviewresearch.com/industry-analysis/sauces-dressings-condiments-market

Further key findings from the report suggest:

By product, cooking sauces are projected to generate a revenue of more than USD 60 billion by the end of 2025. Dips are expected to expand at the fastest CAGR of 5.3% from 2019 to 2025
Asia Pacific held the largest share of 32.7% in 2018 and is projected to witness the fastest growth from 2019 to 2025
Key players in sauces, dressings, and condiments market include The Kraft Heinz Company; McCormick & Company, Inc.; Campbell Soup Company; Del Monte Foods Inc.; General Mills Inc.; Unilever Group; PepsiCo, Inc.; Nestlé SA; Conagra Brands, Inc.; and Kikkoman Sales USA, Inc.

Carob Powder Market Size Worth $69.8 Million By 2027

The global carob powder market size is expected to reach USD 69.8 million by 2027, expanding at a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing popularity of carob powder as a healthier alternative to cocoa powder in the bakery and confectionery sector is expected to remain a key factor driving the industry. Furthermore, growing demand for gluten-free diet in developed economies, including U.S., Germany, France, and U.K., is projected to promote the spending on carob powder as a natural ingredient in the commercial and household sectors in the near future.

Over the past few years, the buyers have been shifting their focus towards the incorporation of healthier ingredients, including carob powder, which contains fiber, calcium, protein, and no saturated fats. These features are expected to promote the utility of carob powder as an ingredient for manufacturing various confectionery products.

The B2C (Business-to-Consumer) segment is expected to expand at the fastest CAGR of 6.7% from 2020 to 2027. As consumers worldwide are becoming more interested in healthier food options, they are practicing baking at home to avail the actual nutrition benefits. Moreover, increasing demand for artisanal bakery and confectionery products is expected to contribute to the segment growth in the coming years.

Asia Pacific is expected to expand at the fastest CAGR of 6.1% from 2020 to 2027. Millennials have been increasingly adopting a healthy lifestyle in the countries, including China, Japan, and South Korea, owing to which they are shifting towards healthier food products. Moreover, shifting consumer preferences for the consumption of sugar-free alternatives owing to growing prevalence of diabetes in countries, such as India and China, are expected to increase popularity of carob powder in the upcoming years.

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https://www.grandviewresearch.com/industry-analysis/carob-powder-market

Further key findings from the report suggest:

Organic products are expected to expand at the fastest CAGR of 5.5% from 2020 to 2027. This growth is attributed to increased importance of organic-labelled products in the food and beverage industry at the global level
The B2C application segment is expected to register the highest CAGR of 6.7% from 2020 to 2027. Growing consumer awareness regarding the health benefits of carob flour, coupled with high visibility of these products, is expected to contribute to the segment growth
Europe held the largest share of 40.2% in 2019. Strong presence of health-conscious consumers in key countries, including Germany, U.K., and France, is expected to prompt the consumption of carob powder as an alternative intermediate for manufacturing confectionery products at the domestic level
Key market players include THE AUSTRALIAN CAROB CO.; The Carob Kitchen; Frontier Co-op.; Oak Haven Inc.; Barry Farm Foods; NOW Foods; Ingredients UK Ltd; Jedwards International, Inc.; OUASDI INTERNATIONAL; and Alpine Herb Company Inc.

Vegan Sauces, Dressings & Spreads Market Worth $365.8 Million By 2027

The global vegan sauces, dressings & spreads market size is expected to reach USD 365.8 million by 2027, expanding at a CAGR of 8.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising adoption of vegan lifestyle owing to increasing awareness pertaining to adverse environmental effects of eating habits is expected to drive the market. New products launches have also been acting as a catalyst for the market growth.

various dip sauces on grey table, top view

For instance, in December 2019, Il Mulino, a New York-based Italian restaurant, launched plant-based sauces, including Organic Tomato Basil, Marinara, Bolognese, Vodka, and Pomodoro. These come in small batches and include San Marzano tomatoes and cold-pressed EVOO from Abruzzi as major ingredients. These products are priced between USD 12 and USD 15.

Moreover, in January 2020, Tesco through Wicked Kitchen launched vegan sauces and dressings, including beetroot dressing, siracha, teriyaki, Asian style BBQ, mango, and horseradish and mustard. Similarly, in October 2019, LEON has launched a new range of sauces, including mayonnaise, beetroot ketchup, chili, and brown, through 600 Sainsbury’s stores. The company is focused on inspiring people to consume plant-based food. The company claims its products are free of artificial ingredients.

Additionally, in October 2019, French Cravings launched a range of vegan dips through Walmart. Most of these dips are derived from almond and cashew. These dips are available in various flavors including Kickin’ Queso Style Cashew, Zesty Ranch Cashew, Creamy Dill Cashew, Creamy Garlic Almond, Spicy Garlic Almond, Organic Creamy Vanilla Cashew Dip, Organic Chocolate Mousse Cashew Dip, and Smokehouse Almond. The company is focusing on expanding its buyer base by targeting those customers who have been shifting towards veganism.

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https://www.grandviewresearch.com/industry-analysis/vegan-sauces-dressings-spread-market

Further key findings from the report suggest:

Based on product, the sauces segment was valued at USD 90.4 million in 2019. This is attributed to increasing adoption of the product in various cuisines across the globe
Plant-based dressings are expected to register the fastest CAGR over the forecast period owing to increasing dependence on salads as meals globally
Online distribution channel is expected to witness the fastest growth from 2020 to 2027. The convenience pertaining to direct to customer delivery and access to a large variety of flavors are expected to drive this channel in the years to come
North America and Europe jointly accounted for more than 65.0% share of the global revenue in 2019. Growing importance of vegetarianism in developed countries, such as U.S., Germany, U.K., France, and Canada, is expected to have a positive impact on the market growth in these regions.