• Vegan Food Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2028

    The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.”

    Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years.

    COVID-19 Impact

    Rising Demand for Healthy Vegan Products to Bolster Market Development

    This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic.

    Segments

    Product Type, Distributional Channel, and Region are Studied

    By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Browse Complete Report Summary:

    https://www.fortunebusinessinsights.com/vegan-food-market-106421

    Report Coverage

    The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

    List of Key Players Profiled in the Report

    Danone S.A. (Paris, France)
    Conagra, Inc. (Illinois, U.S.)
    The Hain Celestial Group, Inc. (New York, U.S.)
    Axiom Foods, Inc. (Los Angeles, U.S.)
    DAIYA FOODS INC. (Burnaby, Canada)
    Alpro (Wevelgem, Belgium)
    Kellogg Company (Michigan, U.S.)
    Amy’s Kitchen (California, U.S.)
    Impossible Foods Inc. (California, U.S.)
    Beyond Meat (California, U.S.)
    Archer Daniels Midland Company (Illinois, U.S.)
    Tofutti Brands, Inc. (New Jersey, U.S.)
    Drivers and Restraints

    Increasing Adoption of Innovative Products to Boost Market Progress

    Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth.

    However, the rising cost of vegan products is expected to bolster market development.

    Regional Insights

    Presence of Vegetarian Population to Boost Market Growth in North America

    Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years.

    In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry.

    In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development.

    Competitive Landscape

    Companies Launch Novel Products to Boost Brand Image

    Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals.

    Industry Development

    February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.

    Vegan Food Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2028 The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.” Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years. COVID-19 Impact Rising Demand for Healthy Vegan Products to Bolster Market Development This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic. Segments Product Type, Distributional Channel, and Region are Studied By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/vegan-food-market-106421 Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. List of Key Players Profiled in the Report Danone S.A. (Paris, France) Conagra, Inc. (Illinois, U.S.) The Hain Celestial Group, Inc. (New York, U.S.) Axiom Foods, Inc. (Los Angeles, U.S.) DAIYA FOODS INC. (Burnaby, Canada) Alpro (Wevelgem, Belgium) Kellogg Company (Michigan, U.S.) Amy’s Kitchen (California, U.S.) Impossible Foods Inc. (California, U.S.) Beyond Meat (California, U.S.) Archer Daniels Midland Company (Illinois, U.S.) Tofutti Brands, Inc. (New Jersey, U.S.) Drivers and Restraints Increasing Adoption of Innovative Products to Boost Market Progress Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth. However, the rising cost of vegan products is expected to bolster market development. Regional Insights Presence of Vegetarian Population to Boost Market Growth in North America Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years. In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry. In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development. Competitive Landscape Companies Launch Novel Products to Boost Brand Image Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals. Industry Development February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.
    Vegan Food Market Size, Share and Growth Analysis [2028]
    The global vegan food market is projected to grow from $26.16 billion in 2021 to $61.35 billion in 2028 at a CAGR of 12.95% in forecast period, 2021-2028
    WWW.FORTUNEBUSINESSINSIGHTS.COM
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  • Beer Market Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by 2028

    The global beer market size is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the forecast period in 2021-2028. The growing alcohol e-commerce channel and rising personal disposable income levels are expected to magnify market’s growth in the forthcoming years. Fortune Business Insights™ has presented this information in its report titled “Beer Market, 2021-2028”. The market size stood at USD 743.84 billion in 2020.

    Alcohol has been used in social engagements historically, and the trend is still growing. The rising prevalence of alcohol socializations and growing westernization among consumers are predicted to augment the growth of the market in the coming years.

    COVID-19 Impact-

    The unanticipated emergence of the coronavirus pandemic has affected the market’s growth. The shutdown of bars and restaurants has negatively impacted the alcohol industry globally. Additionally, the closure of manufacturing facilities has affected the industry. The disruptions in global supply chain networks have aggravated the situation. Nonetheless, the demand for the product has expanded swiftly in 2021 due to the direct-to-consumer channel. Online beer sales also increased during the pandemic. These trends are likely to amplify the market growth in future.

    Fortune Business Insights™ lists out all the beer market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Anheuser-Busch InBev (Leuven, Belgium)
    Heineken N.V. (Amsterdam, Netherlands)
    China Resources Breweries (Beijing, China)
    Carlsberg A/S (Copenhagen, Denmark)
    Diageo Plc (London, U.K.)
    Molson Coors Beverage Company (Illinois, U.S.)
    Boston Beer Company (Massachusetts, U.S.)
    Asahi Group Holdings Ltd (Tokyo, Japan)
    Kirin Holdings Co. Ltd (Tokyo, Japan)
    Beijing Yanjing Beer Group Corporation (Beijing, China)
    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/beer-market-102489

    Report Coverage-

    The report highlights the latest technological advancements and key trends of the market. It assimilates the challenges and restraints to growth, and advises strategies to overcome those challenges. It incorporates SWOT analysis. It showcases the COVID-19 pandemic impact on the market. It also describes the consumption rates and patterns associated with the market.

    Drivers & Restraints-

    Improving Disposable Income Levels to Boost Market Growth

    The rising disposable income levels in developing and developed regions such as South America and Asia Pacific are likely to boost the consumption of beer and other alcohols and favor market growth. Moreover, the increasing adoption of westernized culture and modernization are expected to augment the consumption and magnify the global market growth.

    Alcohol has been used for socialization since ages. Beer is favored by youngsters and millennials due to its low alcohol by volume. The advent of consumer social status and growing diversified cultural consumer groups are expected to augment alcohol socialization and complement market growth.

    Lastly, the growing trend of alcohol e-commerce is anticipated to fuel the growth of the market. Online alcohol sales increased during the pandemic, which is expected to amplify the market growth in future.

    However, the strict laws and regulations regarding the advertising and marketing of alcohol in various regions may hamper the market growth.

    Segmentation-

    On the basis of type, the market is fragmented into lager, stouts, ale, and others. On the basis of packaging, the market is bifurcated into metal cans and glass bottles. On the basis of distribution channels, the market is segmented into off-trade and on-trade. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

    Regional Insights-

    Europe to Hold the Lion’s Share Due to the Presence of Several SMEs

    Europe is projected to attain the largest global beer market share. Beer is a crucial part of heritage, culture, and nutrition in Europe and is cherished across all European countries. Europe hosts several small and medium sized firms, including micro-breweries and the breweries functioning at regional, local, and national levels. The numbers of these breweries are increasing and are anticipated to favor market growth. Additionally, the rising inclination of consumers towards low-alcohol products is expected to boost the demand for the product and augment the market growth.

    Asia Pacific is anticipated to rank second in global market. The rising demand for premium alcoholic appeal and refreshing flavor profiles are expected to drive the market’s growth. Additionally, the growing adoption of westernized patterns is predicted to favor the market’s growth.

    North America is likely to attain the third rank in global market. The rising number of breweries and the evolving consumer preferences are expected to aid the market growth in the region.

    Competitive Landscape-

    Key Players Adopt Ingenious Growth Strategies to Acquire Growth

    The market is fairly consolidated and comprises several key players operating internationally and domestically. They adopt various growth strategies including new product launches, patents, partnerships, collaborations, and others to augment their consumer bases and enhance their market reach. For instance, Carlsberg Group A/S signed an agreement with Bitburger Braugruppe in October 2020 to acquire the Wernersgruner brewery in Germany’s Vogtland region.

    Industry Developments-

    November 2020: Anheuser-Busch InBev launched Beck’s Ice Premium Lager in India. The super mild beer offers 3.5% ABV and paved a way for a new category in this industry.

    Beer Market Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by 2028 The global beer market size is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the forecast period in 2021-2028. The growing alcohol e-commerce channel and rising personal disposable income levels are expected to magnify market’s growth in the forthcoming years. Fortune Business Insights™ has presented this information in its report titled “Beer Market, 2021-2028”. The market size stood at USD 743.84 billion in 2020. Alcohol has been used in social engagements historically, and the trend is still growing. The rising prevalence of alcohol socializations and growing westernization among consumers are predicted to augment the growth of the market in the coming years. COVID-19 Impact- The unanticipated emergence of the coronavirus pandemic has affected the market’s growth. The shutdown of bars and restaurants has negatively impacted the alcohol industry globally. Additionally, the closure of manufacturing facilities has affected the industry. The disruptions in global supply chain networks have aggravated the situation. Nonetheless, the demand for the product has expanded swiftly in 2021 due to the direct-to-consumer channel. Online beer sales also increased during the pandemic. These trends are likely to amplify the market growth in future. Fortune Business Insights™ lists out all the beer market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market: Anheuser-Busch InBev (Leuven, Belgium) Heineken N.V. (Amsterdam, Netherlands) China Resources Breweries (Beijing, China) Carlsberg A/S (Copenhagen, Denmark) Diageo Plc (London, U.K.) Molson Coors Beverage Company (Illinois, U.S.) Boston Beer Company (Massachusetts, U.S.) Asahi Group Holdings Ltd (Tokyo, Japan) Kirin Holdings Co. Ltd (Tokyo, Japan) Beijing Yanjing Beer Group Corporation (Beijing, China) Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/beer-market-102489 Report Coverage- The report highlights the latest technological advancements and key trends of the market. It assimilates the challenges and restraints to growth, and advises strategies to overcome those challenges. It incorporates SWOT analysis. It showcases the COVID-19 pandemic impact on the market. It also describes the consumption rates and patterns associated with the market. Drivers & Restraints- Improving Disposable Income Levels to Boost Market Growth The rising disposable income levels in developing and developed regions such as South America and Asia Pacific are likely to boost the consumption of beer and other alcohols and favor market growth. Moreover, the increasing adoption of westernized culture and modernization are expected to augment the consumption and magnify the global market growth. Alcohol has been used for socialization since ages. Beer is favored by youngsters and millennials due to its low alcohol by volume. The advent of consumer social status and growing diversified cultural consumer groups are expected to augment alcohol socialization and complement market growth. Lastly, the growing trend of alcohol e-commerce is anticipated to fuel the growth of the market. Online alcohol sales increased during the pandemic, which is expected to amplify the market growth in future. However, the strict laws and regulations regarding the advertising and marketing of alcohol in various regions may hamper the market growth. Segmentation- On the basis of type, the market is fragmented into lager, stouts, ale, and others. On the basis of packaging, the market is bifurcated into metal cans and glass bottles. On the basis of distribution channels, the market is segmented into off-trade and on-trade. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, and the Middle East & Africa. Regional Insights- Europe to Hold the Lion’s Share Due to the Presence of Several SMEs Europe is projected to attain the largest global beer market share. Beer is a crucial part of heritage, culture, and nutrition in Europe and is cherished across all European countries. Europe hosts several small and medium sized firms, including micro-breweries and the breweries functioning at regional, local, and national levels. The numbers of these breweries are increasing and are anticipated to favor market growth. Additionally, the rising inclination of consumers towards low-alcohol products is expected to boost the demand for the product and augment the market growth. Asia Pacific is anticipated to rank second in global market. The rising demand for premium alcoholic appeal and refreshing flavor profiles are expected to drive the market’s growth. Additionally, the growing adoption of westernized patterns is predicted to favor the market’s growth. North America is likely to attain the third rank in global market. The rising number of breweries and the evolving consumer preferences are expected to aid the market growth in the region. Competitive Landscape- Key Players Adopt Ingenious Growth Strategies to Acquire Growth The market is fairly consolidated and comprises several key players operating internationally and domestically. They adopt various growth strategies including new product launches, patents, partnerships, collaborations, and others to augment their consumer bases and enhance their market reach. For instance, Carlsberg Group A/S signed an agreement with Bitburger Braugruppe in October 2020 to acquire the Wernersgruner brewery in Germany’s Vogtland region. Industry Developments- November 2020: Anheuser-Busch InBev launched Beck’s Ice Premium Lager in India. The super mild beer offers 3.5% ABV and paved a way for a new category in this industry.
    Beer Market Size, Share, Growth | Global Industry Trends [2028]
    The global beer market is projected to grow from $768.17 billion in 2021 to $989.48 billion in 2028 at a CAGR of 3.68% in forecast period, 2021-2028
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    0 Comments 0 Shares
  • The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.”

    Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years.



    COVID-19 Impact

    Rising Demand for Healthy Vegan Products to Bolster Market Development

    This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic.

    Segments

    Product Type, Distributional Channel, and Region are Studied

    By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Browse Complete Report Summary:

    https://www.fortunebusinessinsights.com/vegan-food-market-106421

    Report Coverage

    The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

    List of Key Players Profiled in the Report

    Danone S.A. (Paris, France)
    Conagra, Inc. (Illinois, U.S.)
    The Hain Celestial Group, Inc. (New York, U.S.)
    Axiom Foods, Inc. (Los Angeles, U.S.)
    DAIYA FOODS INC. (Burnaby, Canada)
    Alpro (Wevelgem, Belgium)
    Kellogg Company (Michigan, U.S.)
    Amy’s Kitchen (California, U.S.)
    Impossible Foods Inc. (California, U.S.)
    Beyond Meat (California, U.S.)
    Archer Daniels Midland Company (Illinois, U.S.)
    Tofutti Brands, Inc. (New Jersey, U.S.)
    Drivers and Restraints

    Increasing Adoption of Innovative Products to Boost Market Progress

    Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth.

    However, the rising cost of vegan products is expected to bolster market development.



    Regional Insights

    Presence of Vegetarian Population to Boost Market Growth in North America

    Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years.

    In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry.

    In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development.

    Competitive Landscape

    Companies Launch Novel Products to Boost Brand Image

    Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals.

    Industry Development

    February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.
    The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.” Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years. COVID-19 Impact Rising Demand for Healthy Vegan Products to Bolster Market Development This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic. Segments Product Type, Distributional Channel, and Region are Studied By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/vegan-food-market-106421 Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. List of Key Players Profiled in the Report Danone S.A. (Paris, France) Conagra, Inc. (Illinois, U.S.) The Hain Celestial Group, Inc. (New York, U.S.) Axiom Foods, Inc. (Los Angeles, U.S.) DAIYA FOODS INC. (Burnaby, Canada) Alpro (Wevelgem, Belgium) Kellogg Company (Michigan, U.S.) Amy’s Kitchen (California, U.S.) Impossible Foods Inc. (California, U.S.) Beyond Meat (California, U.S.) Archer Daniels Midland Company (Illinois, U.S.) Tofutti Brands, Inc. (New Jersey, U.S.) Drivers and Restraints Increasing Adoption of Innovative Products to Boost Market Progress Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth. However, the rising cost of vegan products is expected to bolster market development. Regional Insights Presence of Vegetarian Population to Boost Market Growth in North America Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years. In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry. In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development. Competitive Landscape Companies Launch Novel Products to Boost Brand Image Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals. Industry Development February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.
    Vegan Food Market Size, Share and Growth Analysis [2028]
    The global vegan food market is projected to grow from $26.16 billion in 2021 to $61.35 billion in 2028 at a CAGR of 12.95% in forecast period, 2021-2028
    WWW.FORTUNEBUSINESSINSIGHTS.COM
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  • The global beer market size is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the forecast period in 2021-2028. The growing alcohol e-commerce channel and rising personal disposable income levels are expected to magnify market’s growth in the forthcoming years. Fortune Business Insights™ has presented this information in its report titled “Beer Market, 2021-2028”. The market size stood at USD 743.84 billion in 2020.

    Alcohol has been used in social engagements historically, and the trend is still growing. The rising prevalence of alcohol socializations and growing westernization among consumers are predicted to augment the growth of the market in the coming years.

    COVID-19 Impact-

    The unanticipated emergence of the coronavirus pandemic has affected the market’s growth. The shutdown of bars and restaurants has negatively impacted the alcohol industry globally. Additionally, the closure of manufacturing facilities has affected the industry. The disruptions in global supply chain networks have aggravated the situation. Nonetheless, the demand for the product has expanded swiftly in 2021 due to the direct-to-consumer channel. Online beer sales also increased during the pandemic. These trends are likely to amplify the market growth in future.

    Fortune Business Insights™ lists out all the beer market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Anheuser-Busch InBev (Leuven, Belgium)
    Heineken N.V. (Amsterdam, Netherlands)
    China Resources Breweries (Beijing, China)
    Carlsberg A/S (Copenhagen, Denmark)
    Diageo Plc (London, U.K.)
    Molson Coors Beverage Company (Illinois, U.S.)
    Boston Beer Company (Massachusetts, U.S.)
    Asahi Group Holdings Ltd (Tokyo, Japan)
    Kirin Holdings Co. Ltd (Tokyo, Japan)
    Beijing Yanjing Beer Group Corporation (Beijing, China)
    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/beer-market-102489

    Report Coverage-

    The report highlights the latest technological advancements and key trends of the market. It assimilates the challenges and restraints to growth, and advises strategies to overcome those challenges. It incorporates SWOT analysis. It showcases the COVID-19 pandemic impact on the market. It also describes the consumption rates and patterns associated with the market.

    Drivers & Restraints-

    Improving Disposable Income Levels to Boost Market Growth

    The rising disposable income levels in developing and developed regions such as South America and Asia Pacific are likely to boost the consumption of beer and other alcohols and favor market growth. Moreover, the increasing adoption of westernized culture and modernization are expected to augment the consumption and magnify the global market growth.

    Alcohol has been used for socialization since ages. Beer is favored by youngsters and millennials due to its low alcohol by volume. The advent of consumer social status and growing diversified cultural consumer groups are expected to augment alcohol socialization and complement market growth.

    Lastly, the growing trend of alcohol e-commerce is anticipated to fuel the growth of the market. Online alcohol sales increased during the pandemic, which is expected to amplify the market growth in future.

    However, the strict laws and regulations regarding the advertising and marketing of alcohol in various regions may hamper the market growth.

    Segmentation-

    On the basis of type, the market is fragmented into lager, stouts, ale, and others. On the basis of packaging, the market is bifurcated into metal cans and glass bottles. On the basis of distribution channels, the market is segmented into off-trade and on-trade. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

    Regional Insights-

    Europe to Hold the Lion’s Share Due to the Presence of Several SMEs

    Europe is projected to attain the largest global beer market share. Beer is a crucial part of heritage, culture, and nutrition in Europe and is cherished across all European countries. Europe hosts several small and medium sized firms, including micro-breweries and the breweries functioning at regional, local, and national levels. The numbers of these breweries are increasing and are anticipated to favor market growth. Additionally, the rising inclination of consumers towards low-alcohol products is expected to boost the demand for the product and augment the market growth.

    Asia Pacific is anticipated to rank second in global market. The rising demand for premium alcoholic appeal and refreshing flavor profiles are expected to drive the market’s growth. Additionally, the growing adoption of westernized patterns is predicted to favor the market’s growth.

    North America is likely to attain the third rank in global market. The rising number of breweries and the evolving consumer preferences are expected to aid the market growth in the region.

    Competitive Landscape-

    Key Players Adopt Ingenious Growth Strategies to Acquire Growth

    The market is fairly consolidated and comprises several key players operating internationally and domestically. They adopt various growth strategies including new product launches, patents, partnerships, collaborations, and others to augment their consumer bases and enhance their market reach. For instance, Carlsberg Group A/S signed an agreement with Bitburger Braugruppe in October 2020 to acquire the Wernersgruner brewery in Germany’s Vogtland region.

    Industry Developments-

    November 2020: Anheuser-Busch InBev launched Beck’s Ice Premium Lager in India. The super mild beer offers 3.5% ABV and paved a way for a new category in this industry.
    The global beer market size is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the forecast period in 2021-2028. The growing alcohol e-commerce channel and rising personal disposable income levels are expected to magnify market’s growth in the forthcoming years. Fortune Business Insights™ has presented this information in its report titled “Beer Market, 2021-2028”. The market size stood at USD 743.84 billion in 2020. Alcohol has been used in social engagements historically, and the trend is still growing. The rising prevalence of alcohol socializations and growing westernization among consumers are predicted to augment the growth of the market in the coming years. COVID-19 Impact- The unanticipated emergence of the coronavirus pandemic has affected the market’s growth. The shutdown of bars and restaurants has negatively impacted the alcohol industry globally. Additionally, the closure of manufacturing facilities has affected the industry. The disruptions in global supply chain networks have aggravated the situation. Nonetheless, the demand for the product has expanded swiftly in 2021 due to the direct-to-consumer channel. Online beer sales also increased during the pandemic. These trends are likely to amplify the market growth in future. Fortune Business Insights™ lists out all the beer market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market: Anheuser-Busch InBev (Leuven, Belgium) Heineken N.V. (Amsterdam, Netherlands) China Resources Breweries (Beijing, China) Carlsberg A/S (Copenhagen, Denmark) Diageo Plc (London, U.K.) Molson Coors Beverage Company (Illinois, U.S.) Boston Beer Company (Massachusetts, U.S.) Asahi Group Holdings Ltd (Tokyo, Japan) Kirin Holdings Co. Ltd (Tokyo, Japan) Beijing Yanjing Beer Group Corporation (Beijing, China) Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/beer-market-102489 Report Coverage- The report highlights the latest technological advancements and key trends of the market. It assimilates the challenges and restraints to growth, and advises strategies to overcome those challenges. It incorporates SWOT analysis. It showcases the COVID-19 pandemic impact on the market. It also describes the consumption rates and patterns associated with the market. Drivers & Restraints- Improving Disposable Income Levels to Boost Market Growth The rising disposable income levels in developing and developed regions such as South America and Asia Pacific are likely to boost the consumption of beer and other alcohols and favor market growth. Moreover, the increasing adoption of westernized culture and modernization are expected to augment the consumption and magnify the global market growth. Alcohol has been used for socialization since ages. Beer is favored by youngsters and millennials due to its low alcohol by volume. The advent of consumer social status and growing diversified cultural consumer groups are expected to augment alcohol socialization and complement market growth. Lastly, the growing trend of alcohol e-commerce is anticipated to fuel the growth of the market. Online alcohol sales increased during the pandemic, which is expected to amplify the market growth in future. However, the strict laws and regulations regarding the advertising and marketing of alcohol in various regions may hamper the market growth. Segmentation- On the basis of type, the market is fragmented into lager, stouts, ale, and others. On the basis of packaging, the market is bifurcated into metal cans and glass bottles. On the basis of distribution channels, the market is segmented into off-trade and on-trade. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, and the Middle East & Africa. Regional Insights- Europe to Hold the Lion’s Share Due to the Presence of Several SMEs Europe is projected to attain the largest global beer market share. Beer is a crucial part of heritage, culture, and nutrition in Europe and is cherished across all European countries. Europe hosts several small and medium sized firms, including micro-breweries and the breweries functioning at regional, local, and national levels. The numbers of these breweries are increasing and are anticipated to favor market growth. Additionally, the rising inclination of consumers towards low-alcohol products is expected to boost the demand for the product and augment the market growth. Asia Pacific is anticipated to rank second in global market. The rising demand for premium alcoholic appeal and refreshing flavor profiles are expected to drive the market’s growth. Additionally, the growing adoption of westernized patterns is predicted to favor the market’s growth. North America is likely to attain the third rank in global market. The rising number of breweries and the evolving consumer preferences are expected to aid the market growth in the region. Competitive Landscape- Key Players Adopt Ingenious Growth Strategies to Acquire Growth The market is fairly consolidated and comprises several key players operating internationally and domestically. They adopt various growth strategies including new product launches, patents, partnerships, collaborations, and others to augment their consumer bases and enhance their market reach. For instance, Carlsberg Group A/S signed an agreement with Bitburger Braugruppe in October 2020 to acquire the Wernersgruner brewery in Germany’s Vogtland region. Industry Developments- November 2020: Anheuser-Busch InBev launched Beck’s Ice Premium Lager in India. The super mild beer offers 3.5% ABV and paved a way for a new category in this industry.
    Beer Market Size, Share, Growth | Global Industry Trends [2028]
    The global beer market is projected to grow from $768.17 billion in 2021 to $989.48 billion in 2028 at a CAGR of 3.68% in forecast period, 2021-2028
    WWW.FORTUNEBUSINESSINSIGHTS.COM
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  • According to Fortune Business Insights The global biocides market share is expected to reach USD 9,914.2 million by 2028, exhibiting a CAGR of 4.2% between 2021 and 2028. The growing adoption of innovative solutions in the medical industry will contribute positively to the market growth during the forecast period, states Fortune Business Insights, in a report, titled “Biocides Market, 2021-2028” The market size stood at USD 7,195.1 million in 2020.

    Production in various sectors has been terminated due to the economic outage. This has resulted in a drop in sales volume and supply chain disruptions and a halt in paint & coatings shipments, considerably restricting this market. However, companies are introducing strategies to cope with the current situation, which, in turn, will incite the development of the global market in the forthcoming years.

    Acquisition of INTACE by LANXESS to Foster Growth

    LANXESS, a specialty chemicals firm, purchased INTACE SAS, a French firm, to expand its market share as one of the world's top producers of biocides and antimicrobials. The biocide firm, situated in Paris, makes specialist fungicides for the packaging sector. On January 14, 2021, LANXESS and the seller signed a memorandum of understanding to that effect. The parties have agreed to keep the acquisition price a secret. The acquisition is expected to close in the first quarter of 2021, according to LANXESS. The purchase will increase the biocides market share as INTACE anticipated revenue in half paid higher range by 2020. Paper, paperboard, soap packaging, labels, and banknotes are just a few of the applications for its goods. This business unit's products are utilized in a wide range of applications all around the world. The business unit delivers customer-specific solutions for diverse branches with its wide variety of active antibacterial agents and preservatives

    Increasing Product Demand in Medical Applications to Open Up New Possibilities

    The medical business is expanding as a result of increased consumer awareness of health and cleanliness, which is creating market possibilities. This, together with economic growth, is encouraging businesses to use new technology in developing medical solutions. Biocides are chemicals that are added to disinfectants and cleansers used in hospitals and clinics to keep them clean and sterilized. Surgical equipment, tools, surfaces, and fittings are all cleaned with them. The increase in demand can be ascribed to the product's ability to suppress microbial development. Furthermore, the product is used in the food and beverage industry and the leather industry. Thus, growing demand for these products will enable the speedy expansion of the market.

    Paints & Coatings to Hold the Lion’s Share

    Based on type, the market is segmented into halogen compounds, quaternary ammonium compounds, metallic compounds, phenolic, organic acids, organosulfur, and others.

    Based on applications, the market is categorized into water treatment, food and personal care products, cleaning products, furniture and furnishings, clothing and textiles, leather and suede, paints and coatings, fuel preservatives, and others. Paints & coatings are expected to account for the largest share during the forecast period. The growth is attributed to its high utilization in the construction and automotive industry.

    Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

    Thor Group Limited to Account for a High Share

    Thor Group Limited manufactures products for a wide range of industrial and consumer uses. To gain a competitive edge in the biocides market, leading manufacturers are employing techniques such as boosting brand recognition, growing regional presence, and launching new product offers. Companies are also investing in technology advancements in order to broaden their product offerings.

    The Report Lists the Key Companies in this Market:

    Vink Chemicals GmbH & Co. KG (Germany)
    Clariant (Switzerland)
    KemiraOyj (Finland)
    Troy Corporation (U.S.)
    Thor Group Limited (UK)
    Lanxess AG (Germany)
    Solvay SA (Belgium)
    Neogen Corporation (UK)
    Finoric LLC (U.S.)
    Shanghai ZhongxinYuxiang Chemical Co., Ltd (China)
    Shandong IRO Biocide Chemicals Co., Ltd. (China)
    Albemarle Corporation (U.S.)
    Lonza Group Ltd (Switzerland)
    Wuxi Honor Shine Chemical Co. Ltd. (China)


    Information Source:

    https://www.fortunebusinessinsights.com/biocides-market-105452
    According to Fortune Business Insights The global biocides market share is expected to reach USD 9,914.2 million by 2028, exhibiting a CAGR of 4.2% between 2021 and 2028. The growing adoption of innovative solutions in the medical industry will contribute positively to the market growth during the forecast period, states Fortune Business Insights, in a report, titled “Biocides Market, 2021-2028” The market size stood at USD 7,195.1 million in 2020. Production in various sectors has been terminated due to the economic outage. This has resulted in a drop in sales volume and supply chain disruptions and a halt in paint & coatings shipments, considerably restricting this market. However, companies are introducing strategies to cope with the current situation, which, in turn, will incite the development of the global market in the forthcoming years. Acquisition of INTACE by LANXESS to Foster Growth LANXESS, a specialty chemicals firm, purchased INTACE SAS, a French firm, to expand its market share as one of the world's top producers of biocides and antimicrobials. The biocide firm, situated in Paris, makes specialist fungicides for the packaging sector. On January 14, 2021, LANXESS and the seller signed a memorandum of understanding to that effect. The parties have agreed to keep the acquisition price a secret. The acquisition is expected to close in the first quarter of 2021, according to LANXESS. The purchase will increase the biocides market share as INTACE anticipated revenue in half paid higher range by 2020. Paper, paperboard, soap packaging, labels, and banknotes are just a few of the applications for its goods. This business unit's products are utilized in a wide range of applications all around the world. The business unit delivers customer-specific solutions for diverse branches with its wide variety of active antibacterial agents and preservatives Increasing Product Demand in Medical Applications to Open Up New Possibilities The medical business is expanding as a result of increased consumer awareness of health and cleanliness, which is creating market possibilities. This, together with economic growth, is encouraging businesses to use new technology in developing medical solutions. Biocides are chemicals that are added to disinfectants and cleansers used in hospitals and clinics to keep them clean and sterilized. Surgical equipment, tools, surfaces, and fittings are all cleaned with them. The increase in demand can be ascribed to the product's ability to suppress microbial development. Furthermore, the product is used in the food and beverage industry and the leather industry. Thus, growing demand for these products will enable the speedy expansion of the market. Paints & Coatings to Hold the Lion’s Share Based on type, the market is segmented into halogen compounds, quaternary ammonium compounds, metallic compounds, phenolic, organic acids, organosulfur, and others. Based on applications, the market is categorized into water treatment, food and personal care products, cleaning products, furniture and furnishings, clothing and textiles, leather and suede, paints and coatings, fuel preservatives, and others. Paints & coatings are expected to account for the largest share during the forecast period. The growth is attributed to its high utilization in the construction and automotive industry. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Thor Group Limited to Account for a High Share Thor Group Limited manufactures products for a wide range of industrial and consumer uses. To gain a competitive edge in the biocides market, leading manufacturers are employing techniques such as boosting brand recognition, growing regional presence, and launching new product offers. Companies are also investing in technology advancements in order to broaden their product offerings. The Report Lists the Key Companies in this Market: Vink Chemicals GmbH & Co. KG (Germany) Clariant (Switzerland) KemiraOyj (Finland) Troy Corporation (U.S.) Thor Group Limited (UK) Lanxess AG (Germany) Solvay SA (Belgium) Neogen Corporation (UK) Finoric LLC (U.S.) Shanghai ZhongxinYuxiang Chemical Co., Ltd (China) Shandong IRO Biocide Chemicals Co., Ltd. (China) Albemarle Corporation (U.S.) Lonza Group Ltd (Switzerland) Wuxi Honor Shine Chemical Co. Ltd. (China) Information Source: https://www.fortunebusinessinsights.com/biocides-market-105452
    Biocides Market Size & Growth | Global Industry Forecast [2028]
    The biocides market is projected to grow from $7,419.8 million in 2021 to $9,914.2 million in 2028 at a CAGR of 4.2% in the forecast Period, 2021-2028
    WWW.FORTUNEBUSINESSINSIGHTS.COM
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  • Hi there! Are you looking for someone to help you develop a #cryptowallet to hold your #tokens securely?

    The popularity of Cryptocurrency has made it a necessity for people to store their private keys in a secure location, And that’s where Clarisco solutions come in. We are a veteran #blockchain #development company with a knack for making the most secure #digitalwallets.

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    Thanks to our deep-rooted knowledge in cryptocurrency wallet development, we have introduced white label solutions that can be launched in less than 10 days. Assuring enterprise-grade security features, with multiple authentication methods and profile diversification support. They can be standalone, or integrated into an existing product thanks to their flexible yet robust design.

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    Hi there! Are you looking for someone to help you develop a #cryptowallet to hold your #tokens securely? The popularity of Cryptocurrency has made it a necessity for people to store their private keys in a secure location, And that’s where Clarisco solutions come in. We are a veteran #blockchain #development company with a knack for making the most secure #digitalwallets. The types of digital wallets we can develop: #Desktopwallets - runs as smooth as butter on windows, mac, and linux. #Onlinewallets - flexible and designed with people who are always on the go. #Hardwarewallets - It’s like carrying a bank vault in your pocket! #Paperwallets - Lightweight and portable, Perfect for one time transactions #Mobilewallets - Sitting in the goldilock zone between desktop and online wallets, this one’s our speciality. Thanks to our deep-rooted knowledge in cryptocurrency wallet development, we have introduced white label solutions that can be launched in less than 10 days. Assuring enterprise-grade security features, with multiple authentication methods and profile diversification support. They can be standalone, or integrated into an existing product thanks to their flexible yet robust design. Conquer the crypto world with Clarisco Solutions Pvt Ltd For more info about our #cryptocurrecy wallet Development, check out here >> https://www.clarisco.com/wallet-development Chat to one of our specialists today. Whatsapp : https://buff.ly/3JIUsDZ | Mail-id : mailto:business@clarisco.com | Telegram : https://buff.ly/3ruDN0J #clarisco #wallet #cryptonews #blockchainnews #blockchainsolutions #defiwallet #cryptopreneurs #cryptos #money #businessminded #innovation #innovacion #technologia #technology #startups #startupmindset #businesspeople #entrepreneur #entrepreneurship #investors #investment #Germany #France #Unitedkingdom #Netherland #Poland #Belgium #Ukraine #spain #turkey #georgia #estonia #berlin #hanburg #munich #Stuttgart #paris #England #Northernireland #scotland #wales #manchestor #liverpool #dublin #cambridge #bristol #Amsterdam #istanbul #Atlanta #Augusta #Columbus #MaconCounty #europe
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  • The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.”

    Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years.

    COVID-19 Impact

    Rising Demand for Healthy Vegan Products to Bolster Market Development

    This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic.

    Segments

    Product Type, Distributional Channel, and Region are Studied

    By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Browse Complete Report Summary:

    https://www.fortunebusinessinsights.com/vegan-food-market-106421

    Report Coverage

    The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

    List of Key Players Profiled in the Report

    Danone S.A. (Paris, France)
    Conagra, Inc. (Illinois, U.S.)
    The Hain Celestial Group, Inc. (New York, U.S.)
    Axiom Foods, Inc. (Los Angeles, U.S.)
    DAIYA FOODS INC. (Burnaby, Canada)
    Alpro (Wevelgem, Belgium)
    Kellogg Company (Michigan, U.S.)
    Amy’s Kitchen (California, U.S.)
    Impossible Foods Inc. (California, U.S.)
    Beyond Meat (California, U.S.)
    Archer Daniels Midland Company (Illinois, U.S.)
    Tofutti Brands, Inc. (New Jersey, U.S.)
    Drivers and Restraints

    Increasing Adoption of Innovative Products to Boost Market Progress

    Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth.

    However, the rising cost of vegan products is expected to bolster market development.

    Regional Insights

    Presence of Vegetarian Population to Boost Market Growth in North America

    Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years.

    In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry.

    In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development.

    Competitive Landscape

    Companies Launch Novel Products to Boost Brand Image

    Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals.

    Industry Development

    February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.
    The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.” Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years. COVID-19 Impact Rising Demand for Healthy Vegan Products to Bolster Market Development This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic. Segments Product Type, Distributional Channel, and Region are Studied By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/vegan-food-market-106421 Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. List of Key Players Profiled in the Report Danone S.A. (Paris, France) Conagra, Inc. (Illinois, U.S.) The Hain Celestial Group, Inc. (New York, U.S.) Axiom Foods, Inc. (Los Angeles, U.S.) DAIYA FOODS INC. (Burnaby, Canada) Alpro (Wevelgem, Belgium) Kellogg Company (Michigan, U.S.) Amy’s Kitchen (California, U.S.) Impossible Foods Inc. (California, U.S.) Beyond Meat (California, U.S.) Archer Daniels Midland Company (Illinois, U.S.) Tofutti Brands, Inc. (New Jersey, U.S.) Drivers and Restraints Increasing Adoption of Innovative Products to Boost Market Progress Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth. However, the rising cost of vegan products is expected to bolster market development. Regional Insights Presence of Vegetarian Population to Boost Market Growth in North America Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years. In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry. In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development. Competitive Landscape Companies Launch Novel Products to Boost Brand Image Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals. Industry Development February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.
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  • The global beer market size is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the forecast period in 2021-2028. The growing alcohol e-commerce channel and rising personal disposable income levels are expected to magnify market’s growth in the forthcoming years. Fortune Business Insights™ has presented this information in its report titled “Beer Market, 2021-2028”. The market size stood at USD 743.84 billion in 2020.

    Alcohol has been used in social engagements historically, and the trend is still growing. The rising prevalence of alcohol socializations and growing westernization among consumers are predicted to augment the growth of the market in the coming years.

    COVID-19 Impact-

    The unanticipated emergence of the coronavirus pandemic has affected the market’s growth. The shutdown of bars and restaurants has negatively impacted the alcohol industry globally. Additionally, the closure of manufacturing facilities has affected the industry. The disruptions in global supply chain networks have aggravated the situation. Nonetheless, the demand for the product has expanded swiftly in 2021 due to the direct-to-consumer channel. Online beer sales also increased during the pandemic. These trends are likely to amplify the market growth in future

    Fortune Business Insights™ lists out all the beer market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Anheuser-Busch InBev (Leuven, Belgium)
    Heineken N.V. (Amsterdam, Netherlands)
    China Resources Breweries (Beijing, China)
    Carlsberg A/S (Copenhagen, Denmark)
    Diageo Plc (London, U.K.)
    Molson Coors Beverage Company (Illinois, U.S.)
    Boston Beer Company (Massachusetts, U.S.)
    Asahi Group Holdings Ltd (Tokyo, Japan)
    Kirin Holdings Co. Ltd (Tokyo, Japan)
    Beijing Yanjing Beer Group Corporation (Beijing, China)
    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/beer-market-102489

    Report Coverage-

    The report highlights the latest technological advancements and key trends of the market. It assimilates the challenges and restraints to growth, and advises strategies to overcome those challenges. It incorporates SWOT analysis. It showcases the COVID-19 pandemic impact on the market. It also describes the consumption rates and patterns associated with the market.

    Drivers & Restraints-

    Improving Disposable Income Levels to Boost Market Growth

    The rising disposable income levels in developing and developed regions such as South America and Asia Pacific are likely to boost the consumption of beer and other alcohols and favor market growth. Moreover, the increasing adoption of westernized culture and modernization are expected to augment the consumption and magnify the global market growth.

    Alcohol has been used for socialization since ages. Beer is favored by youngsters and millennials due to its low alcohol by volume. The advent of consumer social status and growing diversified cultural consumer groups are expected to augment alcohol socialization and complement market growth.

    Lastly, the growing trend of alcohol e-commerce is anticipated to fuel the growth of the market. Online alcohol sales increased during the pandemic, which is expected to amplify the market growth in future.

    However, the strict laws and regulations regarding the advertising and marketing of alcohol in various regions may hamper the market growth.

    Segmentation-

    On the basis of type, the market is fragmented into lager, stouts, ale, and others. On the basis of packaging, the market is bifurcated into metal cans and glass bottles. On the basis of distribution channels, the market is segmented into off-trade and on-trade. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

    Regional Insights-

    Europe to Hold the Lion’s Share Due to the Presence of Several SMEs

    Europe is projected to attain the largest global beer market share. Beer is a crucial part of heritage, culture, and nutrition in Europe and is cherished across all European countries. Europe hosts several small and medium sized firms, including micro-breweries and the breweries functioning at regional, local, and national levels. The numbers of these breweries are increasing and are anticipated to favor market growth. Additionally, the rising inclination of consumers towards low-alcohol products is expected to boost the demand for the product and augment the market growth.

    Asia Pacific is anticipated to rank second in global market. The rising demand for premium alcoholic appeal and refreshing flavor profiles are expected to drive the market’s growth. Additionally, the growing adoption of westernized patterns is predicted to favor the market’s growth.

    North America is likely to attain the third rank in global market. The rising number of breweries and the evolving consumer preferences are expected to aid the market growth in the region.

    Competitive Landscape-

    Key Players Adopt Ingenious Growth Strategies to Acquire Growth

    The market is fairly consolidated and comprises several key players operating internationally and domestically. They adopt various growth strategies including new product launches, patents, partnerships, collaborations, and others to augment their consumer bases and enhance their market reach. For instance, Carlsberg Group A/S signed an agreement with Bitburger Braugruppe in October 2020 to acquire the Wernersgruner brewery in Germany’s Vogtland region.

    Industry Developments-

    November 2020: Anheuser-Busch InBev launched Beck’s Ice Premium Lager in India. The super mild beer offers 3.5% ABV and paved a way for a new category in this industry.



    The global beer market size is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the forecast period in 2021-2028. The growing alcohol e-commerce channel and rising personal disposable income levels are expected to magnify market’s growth in the forthcoming years. Fortune Business Insights™ has presented this information in its report titled “Beer Market, 2021-2028”. The market size stood at USD 743.84 billion in 2020. Alcohol has been used in social engagements historically, and the trend is still growing. The rising prevalence of alcohol socializations and growing westernization among consumers are predicted to augment the growth of the market in the coming years. COVID-19 Impact- The unanticipated emergence of the coronavirus pandemic has affected the market’s growth. The shutdown of bars and restaurants has negatively impacted the alcohol industry globally. Additionally, the closure of manufacturing facilities has affected the industry. The disruptions in global supply chain networks have aggravated the situation. Nonetheless, the demand for the product has expanded swiftly in 2021 due to the direct-to-consumer channel. Online beer sales also increased during the pandemic. These trends are likely to amplify the market growth in future Fortune Business Insights™ lists out all the beer market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market: Anheuser-Busch InBev (Leuven, Belgium) Heineken N.V. (Amsterdam, Netherlands) China Resources Breweries (Beijing, China) Carlsberg A/S (Copenhagen, Denmark) Diageo Plc (London, U.K.) Molson Coors Beverage Company (Illinois, U.S.) Boston Beer Company (Massachusetts, U.S.) Asahi Group Holdings Ltd (Tokyo, Japan) Kirin Holdings Co. Ltd (Tokyo, Japan) Beijing Yanjing Beer Group Corporation (Beijing, China) Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/beer-market-102489 Report Coverage- The report highlights the latest technological advancements and key trends of the market. It assimilates the challenges and restraints to growth, and advises strategies to overcome those challenges. It incorporates SWOT analysis. It showcases the COVID-19 pandemic impact on the market. It also describes the consumption rates and patterns associated with the market. Drivers & Restraints- Improving Disposable Income Levels to Boost Market Growth The rising disposable income levels in developing and developed regions such as South America and Asia Pacific are likely to boost the consumption of beer and other alcohols and favor market growth. Moreover, the increasing adoption of westernized culture and modernization are expected to augment the consumption and magnify the global market growth. Alcohol has been used for socialization since ages. Beer is favored by youngsters and millennials due to its low alcohol by volume. The advent of consumer social status and growing diversified cultural consumer groups are expected to augment alcohol socialization and complement market growth. Lastly, the growing trend of alcohol e-commerce is anticipated to fuel the growth of the market. Online alcohol sales increased during the pandemic, which is expected to amplify the market growth in future. However, the strict laws and regulations regarding the advertising and marketing of alcohol in various regions may hamper the market growth. Segmentation- On the basis of type, the market is fragmented into lager, stouts, ale, and others. On the basis of packaging, the market is bifurcated into metal cans and glass bottles. On the basis of distribution channels, the market is segmented into off-trade and on-trade. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, and the Middle East & Africa. Regional Insights- Europe to Hold the Lion’s Share Due to the Presence of Several SMEs Europe is projected to attain the largest global beer market share. Beer is a crucial part of heritage, culture, and nutrition in Europe and is cherished across all European countries. Europe hosts several small and medium sized firms, including micro-breweries and the breweries functioning at regional, local, and national levels. The numbers of these breweries are increasing and are anticipated to favor market growth. Additionally, the rising inclination of consumers towards low-alcohol products is expected to boost the demand for the product and augment the market growth. Asia Pacific is anticipated to rank second in global market. The rising demand for premium alcoholic appeal and refreshing flavor profiles are expected to drive the market’s growth. Additionally, the growing adoption of westernized patterns is predicted to favor the market’s growth. North America is likely to attain the third rank in global market. The rising number of breweries and the evolving consumer preferences are expected to aid the market growth in the region. Competitive Landscape- Key Players Adopt Ingenious Growth Strategies to Acquire Growth The market is fairly consolidated and comprises several key players operating internationally and domestically. They adopt various growth strategies including new product launches, patents, partnerships, collaborations, and others to augment their consumer bases and enhance their market reach. For instance, Carlsberg Group A/S signed an agreement with Bitburger Braugruppe in October 2020 to acquire the Wernersgruner brewery in Germany’s Vogtland region. Industry Developments- November 2020: Anheuser-Busch InBev launched Beck’s Ice Premium Lager in India. The super mild beer offers 3.5% ABV and paved a way for a new category in this industry.
    Beer Market Size, Share, Growth | Global Industry Trends [2028]
    The global beer market is projected to grow from $768.17 billion in 2021 to $989.48 billion in 2028 at a CAGR of 3.68% in forecast period, 2021-2028
    WWW.FORTUNEBUSINESSINSIGHTS.COM
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  • dnata extends partnership with Qatar Airways Cargo in Belgium

    #dnata #QatarAirways #QatarAirwaysCargo #Belgium #aircargo #BrusselsAirport #StefVanbinst
    dnata extends partnership with Qatar Airways Cargo in Belgium #dnata #QatarAirways #QatarAirwaysCargo #Belgium #aircargo #BrusselsAirport #StefVanbinst
    dnata extends partnership with Qatar Airways Cargo in Belgium
    dnata handled 25% more cargo for the airline at Brussels Airport in 2021 than the previous year.
    WWW.STATTIMES.COM
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