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Which do you think is easier doing your own taxes or trying to figure out how to make healthy sections in your diet? According to the International Food
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ResearchAndMarkets.com s offering.
Ethical Food Global Market Report 2021: COVID-19 Growth And Change To 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global ethical food market.
Major players in the ethical food market are Bimbo Group, Illy, Ingredion, Kellogg s, Mars Incorporated, PepsiCo, and Starbucks.
The global ethical food market is expected grow from $542.84 billion in 2020 to $574.42 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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The study further signifies that even though North America continues to dominate the effervescent products market, Asia Pacific will offer significant growth opportunity through the forecast period.
Regional Outlook Highlighting Asia Pacific to be a Profitable Market
North America is dominating the global effervescent products market due to large consumer base, high affordability and awareness, and favorable reimbursement scenario. Factors such as technological innovations, collaborations between pharmaceutical and contract research organizations, and growing preventive healthcare industry are some factors driving the expansion of the effervescent products market in Europe.
Asia Pacific is estimated to expand at a significant CAGR during 2019-2029 due to promising demographics, improved healthcare policies, and consistently expanding economies.