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  • Apiculture Market Trends, Demand and Regional Forecast by 2030

    The apiculture market size stood at USD 10.58 billion in 2022 and is anticipated to increase from USD 11.15 billion in 2023 to USD 16.48 billion by 2030, registering a CAGR of 5.75% from 2023 to 2030.

    Several commercial and scientific procedures are used to nurture and culture honeybees. Apiculture also known as beekeeping is anticipated to witness rapid growth during the forecast period. The rapid expansion of the health-conscious trend and favorable governmental support are the key factors driving the demand for beekeeping products.

    Leading Players Featured in the Research Report:

    Companies leading the apiculture market are Capilano Honey Ltd. (Australia), Organic Bee Farms (U.S.), Dabur Ltd. (India), NOW Foods (U.S.), Koster Keunen LLC (U.S.), Barkman Honey (U.S.), Heavenly Organics (U.S.), Strahl & Pitsch Inc., (U.S.), Miller’s Honey (U.S.), Durham’s Bee Farm (U.S.), and more.

    COVID-19 Impact:

    Increased Demand for Bee Products owing to their Well-known Properties amid Pandemic Fostered Market Growth

    The coronavirus pandemic favored the apiculture market growth. Increased demand for bee products owing to their well-known properties propelled market expansion during pandemic. Market growth amid the pandemic was attributed to the rapid consumption of honey by consumers as a superfood.

    Segmentation

    Growing Demand for Honey in the Food and Beverage Industry Augmented Segment Growth

    Based on type, the market is divided into beeswax, honey, and royal jelly. The honey segment accounted for the largest apiculture market share in 2022. Surging consumer preference for natural sweeteners over artificial sweeteners is boosting consumption of honey. The increasing need for honey-based products is enhancing segment expansion.

    Food & Beverage Segment Takes the Lead due to Surging Need for Bee Products in Culinary Preparations

    By application, the market is fragmented into pharmaceuticals, personal care & cosmetics, food & beverage, and others. The food & beverage segment is dominating the global market owing to the increasing need for bee products in culinary preparations. Growing demand for bee products as an ingredient to topping or spreads on food products and increasing usage of honey in recipes to improve the nutritional value of products are the key factors assisting segment expansion.

    Drivers and Restraints

    Favorable Government Support to Boost Awareness about Apiculture By-products to Propel Market Growth

    The apiculture industry is gaining traction in both developed and developing countries by supplying valuable and nutritional products for several industries. Market growth is driven by a rise in favorable government support to boost awareness about the health advantages of apiculture by-products. An increase in digital media influence is encouraging consumers to use such products. Hence, governments are implementing various strategies that are expected to boost market growth over the projected period.

    However, the availability of counterfeit products is hampering market expansion.

    Regional Insights

    Asia Pacific Dominates Due to Presence of Prominent Honey Producers and Suppliers

    Asia Pacific accounts for a 35.52% share of the global market. China and India are the largest producers and suppliers of honey. Market growth in the region is attributed to rising disposable income, product introductions, and rapid expansion of manufacturing units.

    Europe is the second dominant market, which registered strong growth. Increasing health awareness and the wide presence of leading companies are driving market growth in the region. Increased bee production due to a rise in commercially raised bees is supporting market expansion in the region.

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/apiculture-market-108593
    Apiculture Market Trends, Demand and Regional Forecast by 2030 The apiculture market size stood at USD 10.58 billion in 2022 and is anticipated to increase from USD 11.15 billion in 2023 to USD 16.48 billion by 2030, registering a CAGR of 5.75% from 2023 to 2030. Several commercial and scientific procedures are used to nurture and culture honeybees. Apiculture also known as beekeeping is anticipated to witness rapid growth during the forecast period. The rapid expansion of the health-conscious trend and favorable governmental support are the key factors driving the demand for beekeeping products. Leading Players Featured in the Research Report: Companies leading the apiculture market are Capilano Honey Ltd. (Australia), Organic Bee Farms (U.S.), Dabur Ltd. (India), NOW Foods (U.S.), Koster Keunen LLC (U.S.), Barkman Honey (U.S.), Heavenly Organics (U.S.), Strahl & Pitsch Inc., (U.S.), Miller’s Honey (U.S.), Durham’s Bee Farm (U.S.), and more. COVID-19 Impact: Increased Demand for Bee Products owing to their Well-known Properties amid Pandemic Fostered Market Growth The coronavirus pandemic favored the apiculture market growth. Increased demand for bee products owing to their well-known properties propelled market expansion during pandemic. Market growth amid the pandemic was attributed to the rapid consumption of honey by consumers as a superfood. Segmentation Growing Demand for Honey in the Food and Beverage Industry Augmented Segment Growth Based on type, the market is divided into beeswax, honey, and royal jelly. The honey segment accounted for the largest apiculture market share in 2022. Surging consumer preference for natural sweeteners over artificial sweeteners is boosting consumption of honey. The increasing need for honey-based products is enhancing segment expansion. Food & Beverage Segment Takes the Lead due to Surging Need for Bee Products in Culinary Preparations By application, the market is fragmented into pharmaceuticals, personal care & cosmetics, food & beverage, and others. The food & beverage segment is dominating the global market owing to the increasing need for bee products in culinary preparations. Growing demand for bee products as an ingredient to topping or spreads on food products and increasing usage of honey in recipes to improve the nutritional value of products are the key factors assisting segment expansion. Drivers and Restraints Favorable Government Support to Boost Awareness about Apiculture By-products to Propel Market Growth The apiculture industry is gaining traction in both developed and developing countries by supplying valuable and nutritional products for several industries. Market growth is driven by a rise in favorable government support to boost awareness about the health advantages of apiculture by-products. An increase in digital media influence is encouraging consumers to use such products. Hence, governments are implementing various strategies that are expected to boost market growth over the projected period. However, the availability of counterfeit products is hampering market expansion. Regional Insights Asia Pacific Dominates Due to Presence of Prominent Honey Producers and Suppliers Asia Pacific accounts for a 35.52% share of the global market. China and India are the largest producers and suppliers of honey. Market growth in the region is attributed to rising disposable income, product introductions, and rapid expansion of manufacturing units. Europe is the second dominant market, which registered strong growth. Increasing health awareness and the wide presence of leading companies are driving market growth in the region. Increased bee production due to a rise in commercially raised bees is supporting market expansion in the region. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/apiculture-market-108593
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    Apiculture Market Size, Share, Trends | Growth Analysis [2030]
    The apiculture market size is projected to grow from $11.15 billion in 2023 to $16.48 billion by 2030, at a CAGR of 5.75% during the forecast period
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  • Functional Foods Market Growth, Trends, Demand and Regional Forecast by 2028

    The global functional foods and beverages market size is projected to reach USD 529.66 billion by 2028, exhibiting a CAGR of 9.5% during the forecast period. The market’s value stood at USD 258.80 billion in 2020

    Highlights of the Report

    This market report supplies tangible insights into the regional prospects of the market and presents an exhaustive analysis of the market drivers and challenges. Furthermore, the report contains detailed profiling of key market players and careful study of their strategies and incorporates industry-leading, actionable research into the different market segments.

    Driving Factor

    The proliferation of Food & Beverage Startups to Elevate Market Potential

    The Functional Foods and Beverages Market growth is set to accelerate due to the steadily growing presence of startups specializing in nutrient-enriched foods and drinks. For example, New Jersey-based Remedy Organics makes beverages based on plant products and infuses potent super-ingredients, botanicals, herbs, proteins, and probiotics. With the demand for non-dairy products rising, some startups are engaged in the development of plant-based dairy alternatives.

    For instance, Toronto-based YoFiit leverages the high nutrition quotient of chickpeas to create functional non-dairy meal solutions. Further, a few startups are also targeting their products towards consumers living with chronic diseases. Texas-based Hapi Drinks, for example, offers sugar-free drinks for kids with a mission to fight Type 2 diabetes and childhood obesity. The increasing availability of such niche functional food & beverage in major economies will enable the market to achieve a long-lasting growth trajectory.

    Regional Insights

    Asia Pacific to Present Excellent Business Opportunities for Market Players

    Asia Pacific is expected to dominate the Functional Foods and Beverages Market share during the forecast period due to the rising disposable incomes of consumers, especially in India and China.

    Improving lifestyle in these countries is anticipated to stoke the demand for healthy food and drink alternatives in the forthcoming years, spawning lucrative sales opportunities for players in this market. In 2020, the Asia Pacific market size stood at USD 100 billion and the region is forecasted to register a CAGR of 10.04% from 2021 to 2028.

    In Europe, on the other hand, stringent regulations governing the food and beverage industry is likely to boost investments in innovation and R&D by companies in the region, which in turn will promote the development of functional food & beverages. In North America, a growing preference for naturally produced food items will prove favorable for the market.

    Key Market Segmentation

    On the basis of type, the market has been classified into functional cereals & grains, functional dairy products, functional bakery products, functional fats & oils, and other functional/fortified foods.

    Based on the distribution channel, this market has been grouped into supermarkets/hypermarkets, convenience stores, online retail, and others. In 2020, the supermarkets/hypermarkets segment led the global functional foods and drinks market with a share of 44.21% and the US market with a share of 43.06%.

    By geography, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Competitive Landscape

    Introduction of Novel Products in Emerging Economies to Electrify the Market

    Key developers of functional food & beverages are focusing on capitalizing on the untapped opportunities in emerging markets. These markets are blossoming, underpinned by better incomes and improving health consciousness, encouraging large food and beverage companies to introduce new products and enlarge their customer base.

    Key Industry Development:

    December 2020: Nestle launched a milk product in China for adults, comprising ingredients that are meant to boost joint functionality, muscle strength, and bone health. Developed under its YIYANG Active brand, the company’s unique powdered beverage is its maiden product to fetch functional food approval in China.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/functional-foods-market-102269
    Functional Foods Market Growth, Trends, Demand and Regional Forecast by 2028 The global functional foods and beverages market size is projected to reach USD 529.66 billion by 2028, exhibiting a CAGR of 9.5% during the forecast period. The market’s value stood at USD 258.80 billion in 2020 Highlights of the Report This market report supplies tangible insights into the regional prospects of the market and presents an exhaustive analysis of the market drivers and challenges. Furthermore, the report contains detailed profiling of key market players and careful study of their strategies and incorporates industry-leading, actionable research into the different market segments. Driving Factor The proliferation of Food & Beverage Startups to Elevate Market Potential The Functional Foods and Beverages Market growth is set to accelerate due to the steadily growing presence of startups specializing in nutrient-enriched foods and drinks. For example, New Jersey-based Remedy Organics makes beverages based on plant products and infuses potent super-ingredients, botanicals, herbs, proteins, and probiotics. With the demand for non-dairy products rising, some startups are engaged in the development of plant-based dairy alternatives. For instance, Toronto-based YoFiit leverages the high nutrition quotient of chickpeas to create functional non-dairy meal solutions. Further, a few startups are also targeting their products towards consumers living with chronic diseases. Texas-based Hapi Drinks, for example, offers sugar-free drinks for kids with a mission to fight Type 2 diabetes and childhood obesity. The increasing availability of such niche functional food & beverage in major economies will enable the market to achieve a long-lasting growth trajectory. Regional Insights Asia Pacific to Present Excellent Business Opportunities for Market Players Asia Pacific is expected to dominate the Functional Foods and Beverages Market share during the forecast period due to the rising disposable incomes of consumers, especially in India and China. Improving lifestyle in these countries is anticipated to stoke the demand for healthy food and drink alternatives in the forthcoming years, spawning lucrative sales opportunities for players in this market. In 2020, the Asia Pacific market size stood at USD 100 billion and the region is forecasted to register a CAGR of 10.04% from 2021 to 2028. In Europe, on the other hand, stringent regulations governing the food and beverage industry is likely to boost investments in innovation and R&D by companies in the region, which in turn will promote the development of functional food & beverages. In North America, a growing preference for naturally produced food items will prove favorable for the market. Key Market Segmentation On the basis of type, the market has been classified into functional cereals & grains, functional dairy products, functional bakery products, functional fats & oils, and other functional/fortified foods. Based on the distribution channel, this market has been grouped into supermarkets/hypermarkets, convenience stores, online retail, and others. In 2020, the supermarkets/hypermarkets segment led the global functional foods and drinks market with a share of 44.21% and the US market with a share of 43.06%. By geography, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Competitive Landscape Introduction of Novel Products in Emerging Economies to Electrify the Market Key developers of functional food & beverages are focusing on capitalizing on the untapped opportunities in emerging markets. These markets are blossoming, underpinned by better incomes and improving health consciousness, encouraging large food and beverage companies to introduce new products and enlarge their customer base. Key Industry Development: December 2020: Nestle launched a milk product in China for adults, comprising ingredients that are meant to boost joint functionality, muscle strength, and bone health. Developed under its YIYANG Active brand, the company’s unique powdered beverage is its maiden product to fetch functional food approval in China. Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/functional-foods-market-102269
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Functional Food and Beverage Market Size, Industry Share, Report, 2031
    The global functional food and beverage market is projected to grow from $281.14 billion in 2021 to $529.66 billion in 2028 at a CAGR of 9.5%
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  • Industrial Hemp Market Revenue, Trends, Organizations Size, Growth and Regional Forecast To 2030

    The global industrial hemp market size was valued at USD 6.63 billion in 2022. The market is projected to expand from USD 7.90 billion in 2023 to USD 31.98 billion by 2030 at a CAGR of 22.11% over the estimated period. The surge is driven by the increasing product demand across various applications. These include textiles, dietary supplements, foods, and food and beverage sectors.

    Leading Players Featured in the Research Report:

    Companies leading in Industrial Hemp Market Are Fresh Hemp Foods Ltd. (Canada), IND HEMP, LLC. (U.S.), Blue Sky Hemp Ventures (Canada), Panda Biotech, LLC (U.S.), Hemp Republic (India), South Hemp Tecno Srl (Italy), HEMP FACTORY (Germany), East Mesa (U.S.), DON Processing, Inc. (U.S.), HempFlax Group B.V. (Netherlands)

    COVID-19 Impact:

    Industry Value Affected on Account of Reduced Demand amid COVID-19 Pandemic

    The coronavirus pandemic led to the shutdown of several businesses. While hemp cultivators and retailers continued their operation in the pharmaceutical space, the market growth was impacted by trading restrictions. However, the pandemic resulted in an increase in mental health issues among the population, elevating the dependency on medications, and reviving industry demand across various countries.

    Segmentation:

    Conventional Segment to Register Notable Expansion Impelled by Soaring Affordability

    On the basis of source, the market is subdivided into conventional and organic. The conventional segment is poised to grow at a considerable pace over the forecast period. The growth is propelled by the increasing product deployment in furniture, biofuels, bioplastics, and construction and materials sectors.

    Hemp Fiber to Gain Traction Owing to Surging Application

    Based on type, the market for industrial hemp is fragmented into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment accounted for a dominating share in the global market and is set to register substantial growth throughout the study period. The rise is impelled by surging product adoption across an array of industries such as paper, automotive, and textile.

    Textile Segment to Lead Due to Rising Adoption of Sustainable Practices

    On the basis of application, the market is segmented into personal care & cosmetics, food (dietary and functional foods), pharmaceuticals, beverages, and others. The textile segment held a dominating share of the market and is poised to register an appreciable surge over the anticipated period. The expansion is on account of escalating consumer awareness regarding climate and environmental change.

    Based on geography, the market for industrial hemp has been studied across Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

    Drivers and Restraints:

    Surge in Market Value Driven by Growing Government Support and Escalating Legalization

    Industrial hemp market growth is being driven by the increasing government support regarding the cultivation of the product. Hemp cultivation is further favored by soaring legalization in various countries.

    However, the industry expansion could be hampered by strict regulations regarding the sale, marketing, and cultivation of the product in some countries.

    Regional Insights:

    Europe is dominating the Consumption of Industrial Hemp owing to Growing Legalization

    Europe industrial hemp market share is touted to grow at a considerable pace over the study period. The surge is propelled by the surging product usage across an array of end-user sectors such as pharmaceuticals, cosmetics, construction materials, textiles, and others.

    In North America, the U.S. and Canada dominate the market for industrial hemp. Meanwhile, demand across the Asia Pacific is slated to surge as awareness about the industrial uses of hemp rises.

    Competitive Landscape:

    Key Companies Ink Collaborations for Footprint Expansion

    Leading industry participants are formulating and implementing a series of strategic initiatives for strengthening their business positions. These include acquisitions, merger agreements, partnerships, and others. Additional steps include the formation of alliances, R&D activities, and the launch of new products.

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/industrial-hemp-market-102459
    Industrial Hemp Market Revenue, Trends, Organizations Size, Growth and Regional Forecast To 2030 The global industrial hemp market size was valued at USD 6.63 billion in 2022. The market is projected to expand from USD 7.90 billion in 2023 to USD 31.98 billion by 2030 at a CAGR of 22.11% over the estimated period. The surge is driven by the increasing product demand across various applications. These include textiles, dietary supplements, foods, and food and beverage sectors. Leading Players Featured in the Research Report: Companies leading in Industrial Hemp Market Are Fresh Hemp Foods Ltd. (Canada), IND HEMP, LLC. (U.S.), Blue Sky Hemp Ventures (Canada), Panda Biotech, LLC (U.S.), Hemp Republic (India), South Hemp Tecno Srl (Italy), HEMP FACTORY (Germany), East Mesa (U.S.), DON Processing, Inc. (U.S.), HempFlax Group B.V. (Netherlands) COVID-19 Impact: Industry Value Affected on Account of Reduced Demand amid COVID-19 Pandemic The coronavirus pandemic led to the shutdown of several businesses. While hemp cultivators and retailers continued their operation in the pharmaceutical space, the market growth was impacted by trading restrictions. However, the pandemic resulted in an increase in mental health issues among the population, elevating the dependency on medications, and reviving industry demand across various countries. Segmentation: Conventional Segment to Register Notable Expansion Impelled by Soaring Affordability On the basis of source, the market is subdivided into conventional and organic. The conventional segment is poised to grow at a considerable pace over the forecast period. The growth is propelled by the increasing product deployment in furniture, biofuels, bioplastics, and construction and materials sectors. Hemp Fiber to Gain Traction Owing to Surging Application Based on type, the market for industrial hemp is fragmented into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment accounted for a dominating share in the global market and is set to register substantial growth throughout the study period. The rise is impelled by surging product adoption across an array of industries such as paper, automotive, and textile. Textile Segment to Lead Due to Rising Adoption of Sustainable Practices On the basis of application, the market is segmented into personal care & cosmetics, food (dietary and functional foods), pharmaceuticals, beverages, and others. The textile segment held a dominating share of the market and is poised to register an appreciable surge over the anticipated period. The expansion is on account of escalating consumer awareness regarding climate and environmental change. Based on geography, the market for industrial hemp has been studied across Europe, North America, Asia Pacific, South America, and the Middle East & Africa. Drivers and Restraints: Surge in Market Value Driven by Growing Government Support and Escalating Legalization Industrial hemp market growth is being driven by the increasing government support regarding the cultivation of the product. Hemp cultivation is further favored by soaring legalization in various countries. However, the industry expansion could be hampered by strict regulations regarding the sale, marketing, and cultivation of the product in some countries. Regional Insights: Europe is dominating the Consumption of Industrial Hemp owing to Growing Legalization Europe industrial hemp market share is touted to grow at a considerable pace over the study period. The surge is propelled by the surging product usage across an array of end-user sectors such as pharmaceuticals, cosmetics, construction materials, textiles, and others. In North America, the U.S. and Canada dominate the market for industrial hemp. Meanwhile, demand across the Asia Pacific is slated to surge as awareness about the industrial uses of hemp rises. Competitive Landscape: Key Companies Ink Collaborations for Footprint Expansion Leading industry participants are formulating and implementing a series of strategic initiatives for strengthening their business positions. These include acquisitions, merger agreements, partnerships, and others. Additional steps include the formation of alliances, R&D activities, and the launch of new products. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industrial-hemp-market-102459
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Industrial Hemp Market Size, Share | Industry Outlook [2030]
    The global industrial hemp market size is projected to grow from $7.90 billion in 2023 to $31.98 billion by 2030, at a CAGR of 22.11% during the forecast period
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  • Halal Food and Beverages Market Trends, Segmentation, Regional Demand and Forecast by 2028

    The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028.

    Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years.

    Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis

    The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry.

    The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future.

    Report Coverage

    We have implemented a unique research approach comprising statistics triangulation based on the famous bottom-up and top-down approaches. Our researchers have led thorough primary research to verify the estimated size of the halal food and beverages industry. The data utilized to portray the shares for multiple national, regional, and global segments is extracted from comprehensive interviews with various stakeholders. Our analysts have also derived information from paid databases, industry journals, SEC filings, and many other similar resources.

    Segmentation

    By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa

    Drivers and Restraints

    Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth

    Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population.

    Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years.

    Regional Insights

    Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh.

    The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues.

    Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products.

    Competitive Landscape

    The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    Halal Food and Beverages Market Trends, Segmentation, Regional Demand and Forecast by 2028 The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028. Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years. Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry. The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future. Report Coverage We have implemented a unique research approach comprising statistics triangulation based on the famous bottom-up and top-down approaches. Our researchers have led thorough primary research to verify the estimated size of the halal food and beverages industry. The data utilized to portray the shares for multiple national, regional, and global segments is extracted from comprehensive interviews with various stakeholders. Our analysts have also derived information from paid databases, industry journals, SEC filings, and many other similar resources. Segmentation By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa Drivers and Restraints Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population. Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years. Regional Insights Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh. The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues. Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products. Competitive Landscape The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Halal Food and Beverages Market Size, Growth | Report [2028]
    The global halal food and beverages market is projected to grow from $2.09 trillion in 2021 to $3.27 trillion by 2028, exhibiting a CAGR of 6.56%
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  • Sugar Alcohol Market Segmentation, Industry Demand, Scope and Forecast by 2027

    The global sugar alcohol market size is projected to reach USD 6.70 Billion by 2027 backed by increasing demand for gluten-free food products across the globe. Fortune Business Insights, in its latest report, titled “Sugar Alcohol Market Size, Share & COVID-19 Impact Analysis, By Type (Sorbitol, Xylitol, Maltitol, Erythritol, and Isomalt), Application (Food and Beverages, Pharmaceuticals, and Cosmetics and Personal Care), and Regional Forecast, 2020 – 2027.” observes that the market was worth USD 3.61 Billion in 2019 and will exhibit a CAGR of 7.75% between 2019 and 2027.

    Sugar Alcohol also known as polyols are turning out to be the fast emerging alternative to sugar. Though they bore similar resemblance to sugar considering their texture and taste, they contain far less caloric content and fewer health hazards when consumed. In addition to this, several studies have shown that consumption of polyols may lead to improving the health of the consumer. Furthermore, they are hybrids between sugar molecules and alcohol molecules and are present in several fruits and vegetables. Though there are organic polyols, there are few processed from sugars such as cornstarch and glucose.

    What does the Report Include?

    The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2020 and 2027. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the maret has been included during the projected horizon.

    Drivers and Restraints:

    Increasing Demand for Gluten-free Food Products to Bolster Growth

    Gluten-free food is turning out to be popular among the people across the globe. An array of benefits such as improved cholesterol levels, better digestive health, increased energy levels, and aiding weight-loss, among others provided by gluten-free diet is driving the companies to launch products to ushers into the popularity of the diet. Glucose syrup that includes polyols such as maltitol and sorbitol are extensively used across several regions. Furthermore, growing demand for corn-based glucose syrup that is believed to be gluten-free is expected to drive the growth of the market during the forecast period.

    Regional Analysis:

    Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to Promote Growth

    Among the regions, Europe is expected to remain at the forefront and register maximum global Sugar Alcohol market revenue during the projected horizon. Additionally, the region registered a high market share of USD 1.23 Billion in 2019 and is further anticipated to rise backed by growing demand for sugar-free confectionary products among the population. Furthermore, fast-paced lifestyle is leading to a growing consumption of processed foods in several countries of Europe that will aid the market growth. North America, on the other, is anticipated to be the second-most leading region in the forthcoming years. This is ascribable to factors such as increasing prevalence of diabetic patients in the U.S. Furthermore, the widespread effects of COVID-19 in the regions is propelling the demand for hand-sanitizers that will boost the demand for the market during the forecast period.

    The market in Asia-Pacific is expected to witness substantial growth in the forthcoming years. This is attributable to factors such as presence of large population in the region. Furthermore, high production of polyols in the countries such as China and India will contribute to the market growth.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/sugar-alcohol-market-102956
    Sugar Alcohol Market Segmentation, Industry Demand, Scope and Forecast by 2027 The global sugar alcohol market size is projected to reach USD 6.70 Billion by 2027 backed by increasing demand for gluten-free food products across the globe. Fortune Business Insights, in its latest report, titled “Sugar Alcohol Market Size, Share & COVID-19 Impact Analysis, By Type (Sorbitol, Xylitol, Maltitol, Erythritol, and Isomalt), Application (Food and Beverages, Pharmaceuticals, and Cosmetics and Personal Care), and Regional Forecast, 2020 – 2027.” observes that the market was worth USD 3.61 Billion in 2019 and will exhibit a CAGR of 7.75% between 2019 and 2027. Sugar Alcohol also known as polyols are turning out to be the fast emerging alternative to sugar. Though they bore similar resemblance to sugar considering their texture and taste, they contain far less caloric content and fewer health hazards when consumed. In addition to this, several studies have shown that consumption of polyols may lead to improving the health of the consumer. Furthermore, they are hybrids between sugar molecules and alcohol molecules and are present in several fruits and vegetables. Though there are organic polyols, there are few processed from sugars such as cornstarch and glucose. What does the Report Include? The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2020 and 2027. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the maret has been included during the projected horizon. Drivers and Restraints: Increasing Demand for Gluten-free Food Products to Bolster Growth Gluten-free food is turning out to be popular among the people across the globe. An array of benefits such as improved cholesterol levels, better digestive health, increased energy levels, and aiding weight-loss, among others provided by gluten-free diet is driving the companies to launch products to ushers into the popularity of the diet. Glucose syrup that includes polyols such as maltitol and sorbitol are extensively used across several regions. Furthermore, growing demand for corn-based glucose syrup that is believed to be gluten-free is expected to drive the growth of the market during the forecast period. Regional Analysis: Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to Promote Growth Among the regions, Europe is expected to remain at the forefront and register maximum global Sugar Alcohol market revenue during the projected horizon. Additionally, the region registered a high market share of USD 1.23 Billion in 2019 and is further anticipated to rise backed by growing demand for sugar-free confectionary products among the population. Furthermore, fast-paced lifestyle is leading to a growing consumption of processed foods in several countries of Europe that will aid the market growth. North America, on the other, is anticipated to be the second-most leading region in the forthcoming years. This is ascribable to factors such as increasing prevalence of diabetic patients in the U.S. Furthermore, the widespread effects of COVID-19 in the regions is propelling the demand for hand-sanitizers that will boost the demand for the market during the forecast period. The market in Asia-Pacific is expected to witness substantial growth in the forthcoming years. This is attributable to factors such as presence of large population in the region. Furthermore, high production of polyols in the countries such as China and India will contribute to the market growth. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/sugar-alcohol-market-102956
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Sugar Alcohol Market Size, Industry Share, Global Analysis, Report, 2023-2031
    The global sugar alcohol market size was USD 3.61 Billion in 2019 and is projected to reach USD 6.70 Billion by 2027, exhibiting a CAGR of 7.75% during the forecast period (2020-2027).
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  • Non-alcoholic Beverages Market Segmentation, Demand, Key Players and Forecast by 2027

    The global non-alcoholic beverages market size is anticipated to rise significantly on account of the current trend of health and fitness and the rising inclination towards healthy beverages. The value of this market was USD 919.13 billion in 2019 and is expected to rise at a CAGR of 8.20% between 2020 to 2027 to reach USD 1,257.77 billion by the end of 2027.

    Increasing Popularity of Refreshment Drinks to Aid in Favor

    The increasing prevalence of various acute and chronic diseases have encouraged people to adopt a healthy lifestyle. These habits include regular exercise and fitness and consumption of nutritional food and beverage products. The rising inclination towards healthy lifestyle and eating habits is the key factor promoting the global non-alcoholic beverages market growth. In addition to this, the increasing popularity of refreshment drinks and the advent of innovative flavors and taste will add a boost to the growth of the market in the forecast period.

    On the contrary, the fluctuating prices of raw materials to make non-alcoholic beverages and fluctuation in its availability, especially for seasonal fruits may cause major hindrance to the market in the coming years.

    Nevertheless, the evolution of e-commerce platforms and the rising production of soft drinks to suffice to the needs of the consumers are likely to help the market witness lucrative growth opportunities in the forthcoming years.

    Segmentation-
    Carbonated Soft Drinks Segment Emerged Dominant Owing to its Refreshing Properties

    Among all segments in type, the carbonated soft drinks segment earned 39.80% share in 2019 and emerged dominant. This segment is holding the largest non-alcoholic beverages market share on account of its refreshing properties and cost-efficiency.

    Regional Analysis-

    Asia Pacific Held Largest Shares Attributing to Rising Disposable Income of People

    Among all regions, Asia Pacific held the largest non-alcoholic beverages market share in 2019. This is attributable to the increasing modernization and adoption of western habits among people that resulted in rise in expenditure on beverage products. On the other side, the North American market earned USD 199.53 billion and will showcase significant growth in the coming years on account of rising demand for sports drinks and RTD beverages in the region. Besides this, the Europe market will witness a notable growth on account of the decline in consumption of alcoholic beverages and increasing popularity of 'better-for-you ”products, thereby promoting the consumption of healthy soft drinks.

    Competitive Landscape-

    Coca-Cola Company is Dominating Market Attributing to Continuous Innovations

    The global market for non-alcoholic beverages is consolidated in nature on account of the presence of a handful of players holding major shares such as Nestle SA, The Coca Cola Company, and PepsiCo Inc. Among these, the market is dominated by the Coca- Cola Company accounting to the continuous innovations in their beverage products. This includes VitaminWater range, probiotic drinks, fermented drinks, and RTD beverages, among others. In March 2019, this company launched a new drink of Jaljeera flavor into the Indian market. Other players operating in this market are engaging and investing heavily on innovative product launches to gain a competitive edge in the market competition. Some others are engaging in collaborative efforts such as agreements and contracts, joint ventures, and partnerships,

    Key Industry Developments:

    December 2019 - The launch of a greenhouse accelerator program in 2020 was announced in North America by PepsiCo Co. to help smart startup companies provide the base for following up with the current trends in the non-alcoholic beverage segment and earn a position in the market competition.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/industry-reports/non-alcoholic-beverages-market-101927
    Non-alcoholic Beverages Market Segmentation, Demand, Key Players and Forecast by 2027 The global non-alcoholic beverages market size is anticipated to rise significantly on account of the current trend of health and fitness and the rising inclination towards healthy beverages. The value of this market was USD 919.13 billion in 2019 and is expected to rise at a CAGR of 8.20% between 2020 to 2027 to reach USD 1,257.77 billion by the end of 2027. Increasing Popularity of Refreshment Drinks to Aid in Favor The increasing prevalence of various acute and chronic diseases have encouraged people to adopt a healthy lifestyle. These habits include regular exercise and fitness and consumption of nutritional food and beverage products. The rising inclination towards healthy lifestyle and eating habits is the key factor promoting the global non-alcoholic beverages market growth. In addition to this, the increasing popularity of refreshment drinks and the advent of innovative flavors and taste will add a boost to the growth of the market in the forecast period. On the contrary, the fluctuating prices of raw materials to make non-alcoholic beverages and fluctuation in its availability, especially for seasonal fruits may cause major hindrance to the market in the coming years. Nevertheless, the evolution of e-commerce platforms and the rising production of soft drinks to suffice to the needs of the consumers are likely to help the market witness lucrative growth opportunities in the forthcoming years. Segmentation- Carbonated Soft Drinks Segment Emerged Dominant Owing to its Refreshing Properties Among all segments in type, the carbonated soft drinks segment earned 39.80% share in 2019 and emerged dominant. This segment is holding the largest non-alcoholic beverages market share on account of its refreshing properties and cost-efficiency. Regional Analysis- Asia Pacific Held Largest Shares Attributing to Rising Disposable Income of People Among all regions, Asia Pacific held the largest non-alcoholic beverages market share in 2019. This is attributable to the increasing modernization and adoption of western habits among people that resulted in rise in expenditure on beverage products. On the other side, the North American market earned USD 199.53 billion and will showcase significant growth in the coming years on account of rising demand for sports drinks and RTD beverages in the region. Besides this, the Europe market will witness a notable growth on account of the decline in consumption of alcoholic beverages and increasing popularity of 'better-for-you ”products, thereby promoting the consumption of healthy soft drinks. Competitive Landscape- Coca-Cola Company is Dominating Market Attributing to Continuous Innovations The global market for non-alcoholic beverages is consolidated in nature on account of the presence of a handful of players holding major shares such as Nestle SA, The Coca Cola Company, and PepsiCo Inc. Among these, the market is dominated by the Coca- Cola Company accounting to the continuous innovations in their beverage products. This includes VitaminWater range, probiotic drinks, fermented drinks, and RTD beverages, among others. In March 2019, this company launched a new drink of Jaljeera flavor into the Indian market. Other players operating in this market are engaging and investing heavily on innovative product launches to gain a competitive edge in the market competition. Some others are engaging in collaborative efforts such as agreements and contracts, joint ventures, and partnerships, Key Industry Developments: December 2019 - The launch of a greenhouse accelerator program in 2020 was announced in North America by PepsiCo Co. to help smart startup companies provide the base for following up with the current trends in the non-alcoholic beverage segment and earn a position in the market competition. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/non-alcoholic-beverages-market-101927
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Non-alcoholic Beverages Market Size, Industry Share, Analysis, 2030
    The global non-alcoholic beverages market size was valued at $919.13 Bn in 2019 & is projected to reach $1,257.77 Bn by 2027, exhibiting a CAGR of 8.20%
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  • Halal Food and Beverages Market Growth, Trends, Demand and Regional Forecast by 2028

    The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028.

    Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years.

    Drivers and Restraints

    Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth

    Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population.

    Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years.

    Regional Insights

    Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh.

    The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues.

    Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products.

    Competitive Landscape

    The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    Halal Food and Beverages Market Growth, Trends, Demand and Regional Forecast by 2028 The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028. Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years. Drivers and Restraints Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population. Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years. Regional Insights Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh. The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues. Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products. Competitive Landscape The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Halal Food and Beverages Market Size, Growth | Report [2028]
    The global halal food and beverages market is projected to grow from $2.09 trillion in 2021 to $3.27 trillion by 2028, exhibiting a CAGR of 6.56%
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  • Industrial Hemp Market Demand, Industry Dynamics and Forecast by 2030

    The global industrial hemp market size was valued at USD 6.63 billion in 2022. The market is projected to expand from USD 7.90 billion in 2023 to USD 31.98 billion by 2030 at a CAGR of 22.11% over the estimated period. The surge is driven by the increasing product demand across various applications. These include textiles, dietary supplements, foods, and food and beverage sectors.

    Leading Players Featured in the Research Report:

    Companies leading in Industrial Hemp Market Are Fresh Hemp Foods Ltd. (Canada), IND HEMP, LLC. (U.S.), Blue Sky Hemp Ventures (Canada), Panda Biotech, LLC (U.S.), Hemp Republic (India), South Hemp Tecno Srl (Italy), HEMP FACTORY (Germany), East Mesa (U.S.), DON Processing, Inc. (U.S.), HempFlax Group B.V. (Netherlands)

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/industrial-hemp-market-102459

    Segmentation:

    Conventional Segment to Register Notable Expansion Impelled by Soaring Affordability

    On the basis of source, the market is subdivided into conventional and organic. The conventional segment is poised to grow at a considerable pace over the forecast period. The growth is propelled by the increasing product deployment in furniture, biofuels, bioplastics, and construction and materials sectors.

    Hemp Fiber to Gain Traction Owing to Surging Application

    Based on type, the market for industrial hemp is fragmented into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment accounted for a dominating share in the global market and is set to register substantial growth throughout the study period. The rise is impelled by surging product adoption across an array of industries such as paper, automotive, and textile.

    Textile Segment to Lead Due to Rising Adoption of Sustainable Practices

    On the basis of application, the market is segmented into personal care & cosmetics, food (dietary and functional foods), pharmaceuticals, beverages, and others. The textile segment held a dominating share of the market and is poised to register an appreciable surge over the anticipated period. The expansion is on account of escalating consumer awareness regarding climate and environmental change.

    Based on geography, the market for industrial hemp has been studied across Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

    Drivers and Restraints:

    Surge in Market Value Driven by Growing Government Support and Escalating Legalization

    Industrial hemp market growth is being driven by the increasing government support regarding the cultivation of the product. Hemp cultivation is further favored by soaring legalization in various countries.

    However, the industry expansion could be hampered by strict regulations regarding the sale, marketing, and cultivation of the product in some countries.

    Regional Insights:

    Europe is dominating the Consumption of Industrial Hemp owing to Growing Legalization

    Europe industrial hemp market share is touted to grow at a considerable pace over the study period. The surge is propelled by the surging product usage across an array of end-user sectors such as pharmaceuticals, cosmetics, construction materials, textiles, and others.

    In North America, the U.S. and Canada dominate the market for industrial hemp. Meanwhile, demand across the Asia Pacific is slated to surge as awareness about the industrial uses of hemp rises.

    Competitive Landscape:

    Key Companies Ink Collaborations for Footprint Expansion

    Leading industry participants are formulating and implementing a series of strategic initiatives for strengthening their business positions. These include acquisitions, merger agreements, partnerships, and others. Additional steps include the formation of alliances, R&D activities, and the launch of new products.

    Key Industry Development:

    March 2020 – The Uzbekistan government legalized cannabis cultivation. The license was assigned to cultivators with a THC (tetrahydrocannabinol) level of less than 0.2%.
    Industrial Hemp Market Demand, Industry Dynamics and Forecast by 2030 The global industrial hemp market size was valued at USD 6.63 billion in 2022. The market is projected to expand from USD 7.90 billion in 2023 to USD 31.98 billion by 2030 at a CAGR of 22.11% over the estimated period. The surge is driven by the increasing product demand across various applications. These include textiles, dietary supplements, foods, and food and beverage sectors. Leading Players Featured in the Research Report: Companies leading in Industrial Hemp Market Are Fresh Hemp Foods Ltd. (Canada), IND HEMP, LLC. (U.S.), Blue Sky Hemp Ventures (Canada), Panda Biotech, LLC (U.S.), Hemp Republic (India), South Hemp Tecno Srl (Italy), HEMP FACTORY (Germany), East Mesa (U.S.), DON Processing, Inc. (U.S.), HempFlax Group B.V. (Netherlands) Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industrial-hemp-market-102459 Segmentation: Conventional Segment to Register Notable Expansion Impelled by Soaring Affordability On the basis of source, the market is subdivided into conventional and organic. The conventional segment is poised to grow at a considerable pace over the forecast period. The growth is propelled by the increasing product deployment in furniture, biofuels, bioplastics, and construction and materials sectors. Hemp Fiber to Gain Traction Owing to Surging Application Based on type, the market for industrial hemp is fragmented into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment accounted for a dominating share in the global market and is set to register substantial growth throughout the study period. The rise is impelled by surging product adoption across an array of industries such as paper, automotive, and textile. Textile Segment to Lead Due to Rising Adoption of Sustainable Practices On the basis of application, the market is segmented into personal care & cosmetics, food (dietary and functional foods), pharmaceuticals, beverages, and others. The textile segment held a dominating share of the market and is poised to register an appreciable surge over the anticipated period. The expansion is on account of escalating consumer awareness regarding climate and environmental change. Based on geography, the market for industrial hemp has been studied across Europe, North America, Asia Pacific, South America, and the Middle East & Africa. Drivers and Restraints: Surge in Market Value Driven by Growing Government Support and Escalating Legalization Industrial hemp market growth is being driven by the increasing government support regarding the cultivation of the product. Hemp cultivation is further favored by soaring legalization in various countries. However, the industry expansion could be hampered by strict regulations regarding the sale, marketing, and cultivation of the product in some countries. Regional Insights: Europe is dominating the Consumption of Industrial Hemp owing to Growing Legalization Europe industrial hemp market share is touted to grow at a considerable pace over the study period. The surge is propelled by the surging product usage across an array of end-user sectors such as pharmaceuticals, cosmetics, construction materials, textiles, and others. In North America, the U.S. and Canada dominate the market for industrial hemp. Meanwhile, demand across the Asia Pacific is slated to surge as awareness about the industrial uses of hemp rises. Competitive Landscape: Key Companies Ink Collaborations for Footprint Expansion Leading industry participants are formulating and implementing a series of strategic initiatives for strengthening their business positions. These include acquisitions, merger agreements, partnerships, and others. Additional steps include the formation of alliances, R&D activities, and the launch of new products. Key Industry Development: March 2020 – The Uzbekistan government legalized cannabis cultivation. The license was assigned to cultivators with a THC (tetrahydrocannabinol) level of less than 0.2%.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Industrial Hemp Market Size, Share | Industry Outlook [2030]
    The global industrial hemp market size is projected to grow from $7.90 billion in 2023 to $31.98 billion by 2030, at a CAGR of 22.11% during the forecast period
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  • Honey Market: Trends, Health Benefits, and Sustainable Practices By 2029

    The global honey market size was valued at USD 8.17 billion in 2021 and is expected to grow from USD 8.53 billion in 2022 to USD 12.69 billion by 2029, exhibiting a CAGR of 5.83% during the forecast period.The honey market is abuzz with activity, as this natural sweetener continues to gain popularity among consumers worldwide. Renowned for its distinct flavors, health benefits, and versatility, honey has become a staple ingredient in kitchens, a sought-after wellness product, and a key player in various industries. In this article, we will explore the current trends in the honey market, its health benefits, and the importance of sustainable practices in honey production.

    Rising Demand and Market Trends: The demand for honey has been steadily rising due to the growing consumer preference for natural and healthy alternatives to refined sugar. The market is witnessing an increasing adoption of honey as a sweetener in various food and beverage products, including breakfast cereals, energy bars, and beverages. Additionally, honey is being incorporated into skincare and personal care products due to its moisturizing and antibacterial properties.

    Health Benefits of Honey: Honey is more than just a delicious sweetener; it also offers several health benefits. It contains antioxidants, vitamins, and minerals that support overall well-being. Raw honey has antibacterial properties and can be used as a natural remedy for coughs, sore throats, and wound healing. Furthermore, honey has been shown to have anti-inflammatory properties, promote digestive health, and provide an energy boost.

    Varietal and Specialty Honeys: The honey market is diverse, with various types of honey available based on the nectar source and the region where it is produced. Varietal honeys, such as clover, acacia, and lavender, are prized for their unique flavors and distinctive floral notes. Specialty honeys, such as Manuka honey from New Zealand, have gained significant attention for their exceptional health benefits and high price points.

    Source Link:

    https://www.fortunebusinessinsights.com/industry-reports/honey-market-100551
    Honey Market: Trends, Health Benefits, and Sustainable Practices By 2029 The global honey market size was valued at USD 8.17 billion in 2021 and is expected to grow from USD 8.53 billion in 2022 to USD 12.69 billion by 2029, exhibiting a CAGR of 5.83% during the forecast period.The honey market is abuzz with activity, as this natural sweetener continues to gain popularity among consumers worldwide. Renowned for its distinct flavors, health benefits, and versatility, honey has become a staple ingredient in kitchens, a sought-after wellness product, and a key player in various industries. In this article, we will explore the current trends in the honey market, its health benefits, and the importance of sustainable practices in honey production. Rising Demand and Market Trends: The demand for honey has been steadily rising due to the growing consumer preference for natural and healthy alternatives to refined sugar. The market is witnessing an increasing adoption of honey as a sweetener in various food and beverage products, including breakfast cereals, energy bars, and beverages. Additionally, honey is being incorporated into skincare and personal care products due to its moisturizing and antibacterial properties. Health Benefits of Honey: Honey is more than just a delicious sweetener; it also offers several health benefits. It contains antioxidants, vitamins, and minerals that support overall well-being. Raw honey has antibacterial properties and can be used as a natural remedy for coughs, sore throats, and wound healing. Furthermore, honey has been shown to have anti-inflammatory properties, promote digestive health, and provide an energy boost. Varietal and Specialty Honeys: The honey market is diverse, with various types of honey available based on the nectar source and the region where it is produced. Varietal honeys, such as clover, acacia, and lavender, are prized for their unique flavors and distinctive floral notes. Specialty honeys, such as Manuka honey from New Zealand, have gained significant attention for their exceptional health benefits and high price points. Source Link: https://www.fortunebusinessinsights.com/industry-reports/honey-market-100551
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Honey Market Size to Reach USD 12.69 Billion by 2029
    The global honey market is expected to grow from $8.53 billion in 2022 to $12.69 billion by 2029, at a CAGR of 5.83% in the forecast period, 2022-2029
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  • https://www.as7abe.com/wall/blogs/post/22191 Biscuit manufacturing machines are used in the food and beverages industry to produce biscuits. These machines can be used in small-scale industries as well as large-scale industries. These machines will help the customer to make a high-quality biscuit at a faster rate with less effort. The biscuit manufacturing machines are available in different models and types, which can be chosen according to the user’s requirements.
    https://www.as7abe.com/wall/blogs/post/22191 Biscuit manufacturing machines are used in the food and beverages industry to produce biscuits. These machines can be used in small-scale industries as well as large-scale industries. These machines will help the customer to make a high-quality biscuit at a faster rate with less effort. The biscuit manufacturing machines are available in different models and types, which can be chosen according to the user’s requirements.
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