China vegetable juice market is projected to grow at a CAGR of 8.96% to reach US$8.149 billion by 2025, from US$4.870 billion in 2019. The aforesaid is substantiated by a plethora of aspects, among which the foremost is the robust retail sector of the country. For instance, in August 2020, the total retail sales of consumer goods were in the order of 3,357.1 billion yuan, up 0.5 % year on year, the first positive growth since this year.Further, the urban consumer goods segment repo Read more...
The USA vegetable juice market is projected to grow at a CAGR of 6.52% to reach US$11.032 billion by 2025, from US$7.556 billion in 2019. One of the prime factors which are estimated to substantiate the projection is the increasing consumer spending on products that are produced with the least amount of processing involved, which stems from the need for incorporating products that are not only derived from natural occurring naturally but also aids in the upkeep of health. To this end, c Read more...
India vegetable juice market is projected to grow at a CAGR of 8.20% during the forecast period. As far as the rate of adoption of vegetable juices is concerned the nation whose 30%-35% population is vegetarian, is expected to hold a potential for the growth of the vegetable juice market in India. The other determinative factors which are poised to drive the growth of the vegetable juice market of India are rapid urbanization which is projected to reach 416 million by 2050 [ Source: UN]. Read more...
Indonesia vegetable juice market is projected to grow at a CAGR of 6.39% during the forecast period. Being the fourth most populous nation in the world which was in the order of 268 million translates to a large domestic consumer base as of 2019. The nation’s Gross Domestic Product (GDP) was to the tune of $1,120 billion and GDP per capita reached an estimated $4,179. The country’s retail sector registered as sales of $115 billion in 2019 with traditional grocer reportedly oc Read more...
Vietnam vegetable juice market is projected to grow at a CAGR of 6.47% during the forecast period. The nation has reportedly been one of the rapidly growing nations of Asia which registered a GDP growth of 7 % in 2019. The small size traditional retailers are reported to occupy a significant share of the Vietnamese food retail sector. Nevertheless, the modern retail sector is expected to witness a substantial expansion as a response to the growing consumer demand. During 2019 the t Read more...
The global sparkling water market is projected to grow at a CAGR of 9.05% from a market size of USD2,058.692 million in 2019 to a market size of USD3,462.147 million by 2025. The growing interest among individuals for drinks providing a pleasurable bubbly sensation is driving the demand for sparkling water in the forecast period. The health benefits provided by sparkling water is further augmenting the market growth in the forecast period. People prefer these drinks as an alternative to Read more...
The pea protein market is projected to grow at a CAGR of 15,04 % to reach US$840.048 million by 2025, from US$362.375 million in 2019. The Health and wellness aspiration of consumers across the world is increasingly influencing the food and beverage consumption. Further, the growing trend of a perceived need to reduce meat consumption and increase the inclusion of alternatives to meat in the regular diet is another aspect that is contributing to the purchasing proclivities of an informed Read more...
South America rice protein market is estimated to grow at a CAGR of 7.12% during the forecast period. According to a report by the United Nations, adult obesity rates in Latin American and Caribbean region has tripled in 2016 since 1975. Every year, around 600,000 people die due to diet-related diseases like diabetes, and cardiovascular diseases. The report also suggested developing flavored foods to promote healthier food consumption. Additionally, a high proportion of people resid Read more...
The China rice protein market is projected to grow at a CAGR of 12.18 % to reach US$11.653 million by 2025, from US$5.846 million in 2019. China has been the world’s largest meat consumer. However, China has long traditions of the plant-based diet as well. While seaweeds and tofu have featured in traditional Chinese cookery for quite some, the weight-loss culture and health are steering the interest of the Chinese consumers (especially the urbanites) of the present-day towards Read more...
The South Korea rice protein market is projected to grow at a CAGR of 8.38% during the forecast period. South Korea is currently witnessing a surge in the bakery and confectionary segment because of a myriad of factors such as the growing awareness of consumers about various products that originate from the western hemisphere. Furthermore, the rising health consciousness coupled with allergies that the consumers have developed towards the dairy and meat products has steered the players of Read more...
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