Flavored Yogurt Market expected to garner $92.3 billion by 2026

According to a new report published by Allied Market Research, titled, " Flavored yogurt Market by Type, Application, and Form: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global flavored yogurt market size was at $63.6 billion in 2018 and is anticipated to reach $92.3 billion by 2026, with a CAGR of 4.8% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $28.7 billion from 2018 to 2026. Strawberry, vanilla, peach and blueberry are the most popular yogurts flavors preferred by the consumers due to their characteristic aroma and taste. Flavored yogurt are the popular choice of breakfast, snack, dessert and beverage among health-conscious consumers. Due to the busy lifestyle, consumers have shifted their preference towards the consumption of convenience food products. Owing to the nutritional properties and wide range of flavors and product types available, flavored yogurt have become one of the most preferred choice of convenience food among the consumers.

The flavored yogurt market growth is propelled by the growing awareness of the health benefits of yogurt. Active and health conscious consumers have shifted their preference toward nutritional food products including flavored yogurt and other dairy products. Yogurt is a rich source of various essential nutrients including calcium, protein, phosphorus, potassium, and vitamins. It is also suitable for fortification to enhance the nutritional value of yogurt and flavor addition to enhance the taste and visual appeal of the product.

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The flavored yogurt market is segmented on the basis of flavor, distribution channel, type, and region. Based on flavor, the flavored yogurt market is categorized into strawberry, vanilla, peach, blueberry, and others. Strawberry has been the most preferred choice of flavored yogurt among the consumers due to the fresh color, characteristic sweet taste and the smooth texture. The strawberry segment was valued at $25.8 billion and is expected to grow with a CAGR of 4.3% from 2019 to 2026, to reach $36.1 billion by 2026. The blueberry segment is estimated to be the fastest growing segment, with a CAGR of 5.8% during the forecast period. 

On the basis of distribution channel, it is categorized into supermarket/hypermarket, convenience stores, e commerce, and others. The supermarket/hypermarket segment led the flavored yogurt market in terms of distribution channel and is expected to growth with a CAGR of 4.8% during the forecast period. The segment is expected to reach $33.8 billion by 2026. The E commerce segment is anticipated to be the fastest growing segment during the flavored yogurt market forecast. Growing smartphone penetration and growing number of consumers seeking convenient lifestyle is likely to drive the flavored yogurt market through e commerce distribution channel. 

On the basis of type, the conventional segment held a significant share in the global market in 2018. However, the organic segment is expected to grow at higher CAGR, owing to increase in consumer inclination towards the organic food products. In addition, growing knowledge and awareness about the ill effects of synthetic chemicals on the health of the consumers further adds to its market attractiveness.

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On the basis of region, flavored yogurt industry is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). This can be attributed to high per capita consumption of flavored yogurt in majority of the countries in Europe including Germany, France, Italy, UK, among others. Consumers in the region are attracted by the new flavors, and textures of the flavored yogurts and has led to the growth of the market in the region. Furthermore, Asia-Pacific is expected to witness a highest CAGR, owing to the rising awareness of the health benefits of flavored yogurt. 

Key Findings of the Flavored Yogurt Market :

• The flavored yogurt market was valued at $ 63.6 billion in 2018 and is estimated to reach $92.3 billion by 2026, growing at a CAGR of 4.8% during the forecast period.
• By type, the organic segment is estimated to witness the fastest growth, registering a CAGR of 11.6% during the forecast period.
• In 2018, by distribution channel, the supermarket/hypermarket segment held the highest share, accounting for one third of the global flavored yogurt market share.
• In 2018, Germany was the most prominent market in the Europe region and is expected to grow at a significant CAGR throughout the forecast period.

The key players profiled in this report include Danone, Nestle, Chobani LLC, General Mills, Arla Foods, Müller, Fage International S.A., Stonyfield Farm Inc., Emmi Group, and Cabot Creamery.

Mango Butter Market gains worldwide popularity, 2019-2026

Mango butter is a soft, semi-solid, creamy textured, organic butter with mild & sweet aroma, which is extracted from shelled kernel of the tropical fruit mango. This natural ingredient is emollient, softening, and soothing to the skin along with high oxidative ability, wound healing, and regenerative activity. In terms of consistency, the mango butter is similar to shea & cocoa butters but fatty acid content differs between them.

The various benefits of mango butter include dry skin & rash treatment, blemishes & wrinkles clearance, itch & sunburn healing, wounds & cracks healing, relive from insect bites, and treatment of eczema & dermatitis. It is generally used in the production of skin care lotion, creams, soaps, balms, whipped body butters, lip balms, dermatologic products, shaving cream, and replacement of cocoa butter & shea butter.

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The mango butter was first developed by All Organic Trading (AOT) in 2011 and became available as a bio-certified ingredient for cosmetics in 2013. Its market is mainly driven by the increase in demand in personal care industry owing to its large scale use in various products of the industry. However, mango butter is a relatively new product, thus, its high cost hampers the market growth. R&D to develop better butter and make it available at less cost is expected to provide potential growth opportunities for the market.

The report segments the mango butter market on the basis of type, end-user industry, and geography. Based on type, it is bifurcated into natural and processed mango butter. On account of end-user industry, the market is divided into personal care, healthcare, and food & beverages industries. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players provided in the report are:

• Alzo International Incorporated
• AOT
• Avi Natural
• Manorama Group
• EKOLOGIE FORTE PVT. LTD
• Hallstar BIOCHEMICA
• Health & Beauty Natural Oils
• Henry Lamotte OILS GmbH
• Jarchem Industries Inc.
• Madina Industrial Corp.
• Natural Sourcing, LLC

Key Benefits

• This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global mango butter market.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• Detailed analysis of the industry based on the types and end user industries help understand the trending type and potential end user industry.
• Porters Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the market framework.

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Mango Butter Market Key Segments:

By Type

• Natural Mango Butter
• Processed Mango Butter

By End User Industry

• Personal care
• Healthcare
• Food & Beverages

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • South Africa
  • Argentina
  • Turkey
  • Rest of LAMEA

Other Market Players

• MOUNTAIN ROSE HERBS
• Parchem fine & specialty chemicals
• Sky Organics
• SUNDIAL BRANDS LLC
• AOS PRODUCTS
• Guangzhou Mingtai Trading Co., Ltd.
• BO INTERNATIONAL
• Xian Sonwu Biotech Co., Ltd.
• Yiwu ZZ Trading Co., Ltd
• Bramble Berry Inc.
• Gracefruit Ltd.

Tea Market Estimated to Reach $ 81.6 Billion, Globally, by 2026 | CAGR 5.8%

According to a new report published by Allied Market Research, titled, " Tea Market by Type, Packaging, Distribution Channel and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026," the tea market size was valued at $52.1 billion in 2018 and is estimated to reach $81.6 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026. In 2018, the Asia-Pacific region accounted for more than half of the share in the global market and is expected to grow at a CAGR of 6.5% throughout the forecast period. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2018. 

Tea is one of the most popular beverages, usually made via brewing or boiling of dried Camellia Sinensis plant leaves. The two prominent types of tea include black tea, widely consumed in western nations, and green tea, common in Asian countries. Tea care & husbandry management comprises proper site selection and several carefully maintained steps, which include permanent source of water, proper shelter, free draining soil with pH ranging from 5 to 5.8, and stringent regulations towards the amount of pesticides applied on plantations. Presently, the commercial consumption of tea is increasing, thus bridging the gap between out-of-home tea and coffee consumption. China and India are the major tea producing countries consisting of key players in the global market.

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The factors that drive the tea market growth include health benefits associated with consuming tea and rise in fitness concerns among people in different regions. The additional facts that support the growth of the market include increase in café culture, rise in disposable income, change in tastes of people, and innovation of tea via introducing additional healthy ingredients. However, increase in cost of raw materials due to unpredictable weather, high cost of production, and increase in trend of coffee consumption are expected to hamper the growth of market during the forecast period. Rise in tea demand from health-conscious young population and frequent introduction of new flavors & variety are expected to provide numerous opportunities for expansion of the Tea market.

The report segments the global tea market on the basis of type, packaging, distribution channel application and region. Based on the type, the market is divided into green tea, black tea, oolong tea, fruit/herbal tea, and others. On the basis of packaging, it is fragmented into plastic containers, loose tea (packets & pouches), paperboards, aluminum tins, and tea bags. By distribution channel, it is categorized into supermarkets/hypermarkets, specialty stores, convenience stores, online stores, and others. Applications covered in the study include residential and commercial. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

According to the tea market analysis in 2018, the black tea segment generated the highest revenue in 2018 and is expected to remain dominant throughout the forecast period. However, the green tea segment is expected to grow at the highest CAGR throughout the forecast period.

In 2018, Paperboards was the most prominent segment accounting for maximum share in the global market. However, the Tea bags segment is expected to witness the highest growth, with a CAGR of 6.9% from 2019-2026.

The hypermarkets/supermarkets segment was the leading distribution channel with most of the tea market share in 2018, growing with significant CAGR during the forecast period. This is attributed to the increase in business of retail sales in different regions and availability of large shelf space for maximum sales.

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Based on the tea market forecast, Asia-Pacific and Europe accounted for the maximum share in the global market in 2018 and is expected to remain dominant during the forecast period. China is expected to grow with the highest CAGR throughout the forecast period, owing to the prevalence of tea culture.

Key Findings of the Tea Market :

• The tea market was valued at 52.1 billion in 2018 and is estimated to reach $81.6 billion by 2026, growing at a CAGR of 5.8% through the forecast period.
• Based on packaging, the tea bag segment would witness the fastest growth, registering a CAGR of 6.9% during the forecast period.
• In 2018, based on type, the black tea segment held the highest share, accounting for more than one-fourth of the global market share.
• In 2018, China was the most prominent market in the Asia-Pacific region and is expected to grow at a significant CAGR throughout the forecast period.
• Based on the application in 2018, the residential segment accounting for more half of the global tea market share.

The key players profiled in the tea industry include Associated British Foods Plc., Barry's Tea Limited, Hain Celestial Group, Inc, ITO EN, Ltd., Mcleod Russel India Limited, Nestle S.A., TaeTea, Tata Global Beverages, The Republic of Tea, Inc., And Unilever Group.

Instant Tea Premix Consumption Market | Growth Rate | Type | Applications Analysis 2019

Instant tea premixes are easily prepared drinks in powdered form, which are mixed with milk or water to boost the overall metabolism, improve functionality, and provide long-lasting hydration.

These premixes are widely available in the form of paste, powder, and granules, which contain edible acids, vegetable extracts, vitamins, aromatizing agents, and fruit powders. They are available in the form of sugar-based and sugar-free beverages. Moreover, due to longer shelf life and cheaper costs, the instant tea premixes are in huge demand across the globe and are expected to witness significant growth especially in developing economies during the forecast period.

Rise in concerns related to obesity is the major factor that drives the growth of the global instant tea premix market. One of the most widely used instant tea premixes is green tea, which offers several health benefits such as efficient glucose regulation and weight loss.

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In addition, increase in demand for ready-mixed drinks results in rapid adoption of instant tea premixes, especially in the corporate sector, which fuels the growth of the market. Moreover, changes in lifestyle of consumers have considerably altered the food habits, thus leading to an escalating demand for instant tea premixes across the globe, which is anticipated to boost the growth of the market.

Furthermore, rise in acceptance of instant caffeinated concoctions especially in developed countries such as Canada, the U.S., and other parts of Europe and growth in disposable incomes in developing nations of Asia-Pacific and LAMEA are projected to propel the market growth.

However, various players have adopted a marginal pricing strategy, which is anticipated to hamper the overall market growth. Limited awareness about instant tea premixes is further anticipated to impede the market growth. Innovations in marketing strategies are expected to popularize instant tea premixes in the coming years. In addition, enhanced access to products through retail websites and significant efforts by market players in consolidating retail chains, especially in the emerging markets are projected to provide lucrative opportunities for the market.

The report segments the market on the basis of type, application, form, and geography. Based on type, the market is divided into cardamom tea premix, ginger tea premix, masala tea premix, lemon tea premix, plain tea premix, and lemon grass tea premix. Applications covered in the study include residential and commercial. By form, the market is categorized into powder, paste, and granules. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global market include:

• Ito En Ltd.
• The Republic of Tea Inc.
• Suntory Beverage & Food Ltd.
• The Coca-Cola Company
• Monster Beverage Company
• Keurig Green Mountain Inc.
• Dunkin Brands Group Inc.
• Starbucks Corp.
• PepsiCo Inc.
• Ajinomoto General Foods Inc.

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Key Benefits

• This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of the global instant tea premix market to identify the prevailing market opportunities.
• Major countries in each region are mapped according to individual market revenue.
• Comprehensive analysis of factors that drive and restrict the market growth is provided.
• An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
• Key players and their key developments in the recent years are listed.

Instant Tea Premix Consumption Market Key Segments:

By Type

• Cardamom Tea Premix
• Ginger Tea Premix
• Masala Tea Premix
• Lemon Tea Premix
• Plain Tea Premix
• Lemon Grass Tea Premix.

By Application

• Residential
• Commercial

By Form

• Powder
• Paste
• Granules

Rise in need for Dairy Alternative Beverages Market, 2019–2026

Dairy alternative beverages, such as almond milk and soy milk, are plant-based beverages that are produced from almonds, cashew, soy, hemp, or coconut. These beverages have wide application in food & beverages industry for making vegan products such as vegan ice cream, desserts, and yoghurt. They are easily available in the market through supermarkets, online, and retail stores.

Consumer preference for flexitarian diet has significantly driven the growth of the market for dairy alternative beverages. In addition, increase in consumer awareness about the health benefits related with lactose-free beverages, such as soy milk, fuels the market growth. Moreover, consumers are limiting their consumption of dairy products due to health concerns, which boosts the growth of the market. However, high cost of dairy alternate beverages limits the market growth. On the contrary, promotion of animal welfare & environmental awareness inspire consumers to look for plant-based alternatives, which is anticipated to offer lucrative opportunities for the market expansion in the near future.

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The global dairy alternative beverages market is segmented into product, form, application, distribution channel, and region. By product, the market is divided into almond milk, soy milk, oats milk, coconut milk, cashew milk, and others (rice and hemp milk). Depending on type, it is categorized into unflavored and flavored. As per form, it is bifurcated into powdered and liquid form. The applications covered in the study include ice creams, desserts cheese, yoghurt, and other. According to distribution channel, the market is segregated into supermarkets/hypermarkets, specialty stores, grocery stores, online stores, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the prominent players operating in the global dairy alternative beverages market include Vitasoy Australia, Alpro (Alpro (UK) Ltd., the Hain Celestial Group, NOW Foods, Pacific Foods of Oregon, LLC, White Wave Foods Company (So Delicious Dairy Free), Hershey India Private Ltd., Blue Diamond Growers, Holista Tranzworld Limited, and Bio Nutrients (India) Pvt. Ltd.

KEY BENEFITS FOR STAKEHOLDERS

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global dairy alternatives beverage market from 2018 to 2026 to identify the prevailing market opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry. 
• The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
• The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

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KEY MARKET SEGMENTS

By Variety

• Almond Milk
• Soy Milk 
• Oats Milk
• Coconut Milk 
• Cashew Milk
• Others

By Type

• Unflavored
• Flavored

By Form

• Powdered
• Liquid

By Application

• Ice Creams
• Desserts
• Cheese 
• Yoghurt
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Discount Stores
• Specialty Stores
• Grocery Stores
• Online Stores
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Coffee Substitute Market to witness significant growth especially in developing economies during the forecast period

Coffee substitutes are non-coffee products, which possess rich coffee-like flavor. These substitutes serve as healthy products, as they do not consist of caffeine, which can affect the nervous system. These substitutes are available in powder form, which easily dissolve in hot water, and are brewed like coffee. 

Chicory and dandelion root are the most common element found in many coffee substitutes such as teeccino herbal coffee alternative, cafix, and dandy blend. Chicory has anti-inflammatory compounds called polyphenols, which reduces toxins and inflammation and also protect blood cells in the body. Dandelion root is a great source of calcium and it contains various nutrients like vitamin A, C and K. 

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Globally, the consumers are becoming health-conscious and they are inclined to avoid coffee owing to which they are shifting towards coffee substitutes. In addition, increased millennials expenditure on beverages and health benefits offered by coffee substitutes, due to presence of ingredients such as cinnamon and almonds have resulted in increased demand for coffee substitute. Moreover, availability of coffee substitute in online sales channel and modern outlets likes hypermarket, supermarket to name few further raises the demand for coffee substitute market. In addition, packaging of coffee substitutes is done in pouches, cans, and aseptic cartons, which preserve their flavor for longer period of time and helps to keep moisture level in control, thereby preventing them from getting molds. Furthermore there is a latest trend in coffee substitute market.  

The global coffee substitute market is segmented into nature, packaging, distribution channel, and region. By nature, the market is divided into organic and conventional. Depending on packaging, it is categorized into poches, cans, and aseptic cartons. As per distribution channel, it is segregated into online & hypermarket/supermarket, convenience stores, and department stores. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.   

Some of the key players operating in the coffee substitute market include World Finer Foods, Douwe Egberts, Date Seed Coffee, LIMA, Dandy Blend, Postum, Teeccino, and Tattva’s Herbs 

KEY BENEFITS FOR STAKEHOLDERS

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the coffee substitute market from 2019 to 2026 to identify the prevailing market opportunities.
• The key countries in all the major regions are mapped based on their market share.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes the analysis of the regional & global market, key players, market segments, application areas, and growth strategies.

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KEY MARKET SEGMENTATION

By Nature

• Organic 
• Conventional

By Packaging

• Pouches
• Cans
• Aseptic Cartons

By Distribution Channel

• Online 
• Hypermarket/Supermarket
• Convenience Stores
• Department Stores

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Vegan Food Market is growing at a CAGR of 10.5% from 2019 to 2026

According to a new report published by Allied Market Research titled, " Vegan Food Market by Product Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," the Vegan Food market size was valued at $14.2 billion in 2018 and is expected to reach $31.4 billion by 2026, registering a CAGR of 10.5% from 2019 to 2026.

Vegan food market analysis is done by product type and distribution channel. Veganism has been one of the mainstream trends in the food & beverages industry. Increase in incidence of such health disorders, rise in number of health-conscious consumers, increase in disposable income of target customers have been some of the key factors driving the trend of veganism in key regions specifically North America and Europe. This has increased the demand for different types of plant-based food products such as dairy alternatives and meat substitutes. Since most of these products are derived and processed with plant-based sources such as soy, almond, and Quorn. Thus veganism trend drives the vegan food market growth.

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The incidence of obesity-related disorders, such as diabetes, cardiovascular diseases, and others, has considerably increased in the last few years. According to OECD, obesity levels are expected to be particularly high in the U.S., Mexico, and England, where 47%, 39%, and 35% of the population respectively are projected to be obese in 2030. Individuals in high-income geographical regions, such as North America and Western Europe, are more prone to diabetes, cancer, and other critical health issues, owing to their unhealthy food and lifestyle habits. Increase in incidence of such health disorders boosts health and fitness consciousness among consumers. The adoption of vegetarian foods is on a consistent increase across the world. According to recent studies, 30% of Americans are not only leaving meat off their plates but are also seeking out plant-based meat alternatives. Consumers are projected to become selective in their food habits to avoid severe health issues. Thus rise in concerns over obesity drive the growth of global vegan food market.

With the surge in demand for different types of vegan food, some of the key manufacturers in the global vegan food market have been initiating several key strategies in the view of generating revenue in the segment. For instance, in 2017, French-based dairy giant, Danone announced the acquisition of American non-dairy giant Whitewave Foods Company for US$12.5 Million. Whitewave specializes in the production of Silk soymilk, Horizon organic milk, International Delight coffee creamers and others.

According to the U.S. Census Bureau, millennials are on the verge of surpassing baby boomers in the country. Similarly, in Asia-Pacific, millennials account for a larger population, especially in countries such as China, India, and Australia as compared to other population groups. Millennials, population aged between 20 and 35 years, are health-conscious, broad minded, and actively involved in various physical activities. They have been influential in evolving various global industries in terms of product offerings and services. Thus, they are also anticipated to trigger demand for vegan food products during the vegan food market forecast.

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Dairy alternative beverages are primarily prepared from ingredients such as soy, almond, rice, oat, cashew, coconut, peanut, and others. Players have an opportunity to manufacture beverages such as refreshment drinks, energy drinks, and milk shakes with enhanced taste and flavor. A new flavor can be added to beverages which leads to product innovation. This is anticipated to gain consumers attraction with an increased demand.

Key Findings of the Vegan Food Market:

• In 2018, based on product type, the meat substitute segment accounted for higher Vegan Food market share. 
• In 2018, based on region, Europe accounted for a prominent vegan food market share. 
• Extensive analysis of the current and emerging vegan food market trends and opportunities.

Key players operating in vegan food industry include Sun Opta Inc., Whitewave Foods Company Inc., Hain Celestial Group Inc., Bhlue Diamond Growers, Archer Daniel Midland Company, Organic Valley Corporative, Panos Brand LLC., Pascual Group, Earth’s Own Food Company Inc., Living Harvest Food Inc. and others.

Porridge Market Manufacturers,segments,user types and regional forecasts, 2019-2026

Porridge is derived from heating oatmeal, followed by addition of water or milk and is mainly consumed for breakfast. However, the terms porridge and oatmeal are generally used interchangeably. Consumption of porridge is beneficial as it is highly nutritious and contains dieting fibers, thus providing a wholesome meal and preventing the consumer from overeating. This in turn prevents weight gain, reduces the risk of high cholesterol, and also controls the blood sugar level. High carbohydrate content in porridge leads to better functioning of the brain.

Change in food consumption patterns of people and increase in preference for healthy meals drive the growth of the global porridge market. In addition, inclination of consumers towards a wholesome breakfast consisting of ready-to-eat food items and surge in demand for hot cereal products supplement the market growth. However, threat of contamination and higher cost of porridge as compared to other breakfast choices restrict this growth. New ingredients, such as kale and sea buckthorn, which are richer in fibers and vitamin E, C, and K, have been found to develop low-cholesterol, extra healthy, and satiating porridge. Incorporating this for commercial purposes presents as a major opportunity for market growth during the forecast period.

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The porridge market is segmented based on type, distribution channel, and geography. Based on type, it is classified into oat, maize, wheat, rice, and millet. Based on distribution channel, it is divided into supermarkets, hypermarkets, departmental stores, and specialty stores. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in this market include Abbott Nutrition Inc., ABF Grain Products Limited, Bagrry's India Ltd., Conagra Foods Inc., Dr. McDougall's Right Foods, General Mills Inc., Kellogg Company, McCanns, Nestle S.A., The Quaker Oats Company, and thinkThin LLC.

Key Benefits

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global porridge market through 2016-2023, which is expected to assist in identifying the prevailing market opportunities.
• Major countries in each region are mapped according to the individual market revenue, and key players are listed.
• The region- and country-wise global porridge market conditions are comprehensively analyzed.
• This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
• An in-depth analysis of market segmentation assists to deduce the prevailing market opportunities.

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Porridge Market Key Segments

By Type

• Oat
• Maize
• Wheat
• Rice
• Millet

By Distribution Channel

• Hypermarkets
• Supermarkets
• Specialty Stores
• Departmental Stores

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Spain
  • UK
  • Russia
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Korea
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Turkey
  • South Africa
  • Rest of LAMEA

Plant Based Ice Cream Market Segmentation by Key Players, Regions, and Products Breakdown

Plant-based ice creams are made from plant-based ingredients such as soy milk, coconut milk, almond milk, cashew milk, and others. Plant-based ice creams, also known as vegan ice creams, promote effortless weight loss, minimize sinus issues, reduce risk of cardiac diseases, and enhances skin texture. Plant-based ice creams are available in different flavors such as chocolates, orange, coconut, caramel, strawberry, and others.

Increase in consumer preference for flexitarian diet has driven growth of the market for plant-based ice creams. Moreover, consumers are limiting their consumption of dairy products, due to rise in health concerns, which fuels the growth of the market. However, high price of plant-based ice creams is anticipated to act as a key restraint of the global market. On the contrary, increase in demand for plant-based confectioneries is anticipated to offer lucrative opportunities for market expansion in the near future.

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The global plant-based ice cream market is segmented into source, flavor, packaging, distribution channel, and region. By source, the market is divided into almond milk, soy milk, oats milk, coconut milk, cashew milk, and others. On the basis of flavor, it is segregated into vanilla, chocolate, strawberry, mango, and others. Depending on packaging, it is classified into cups, bars, tubs, and others. As per distribution channel, it is segregated into supermarkets/hypermarkets, specialty stores, grocery stores, online stores, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The prominent players operating in the global plant-based ice cream market include the Hain Celestial Group, Creamy Coconuts, LLC, Bliss Unlimited, Ben & Jerry's, White Wave Foods Company (So Delicious Dairy Free), KLEINS ICE CREAM, Wink Frozen Desserts, BOOJA-BOOJA, Unilever(Breyers), and Cado.

KEY BENEFITS FOR STAKEHOLDERS

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global plant based ice cream market from 2018 to 2026 to identify the prevailing market opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry. 
• The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
• The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

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KEY MARKET SEGMENTS

By Source

• Almond Milk
• Soy Milk 
• Oats Milk
• Coconut Milk 
• Cashew Milk
• Others

By Flavor

• Vanilla
• Chocolate
• Strawberry
• Mango
• Others

By Packaging 

• Cups
• Bars 
• Tubs
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Grocery Stores
• Online Stores
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA