Blended grain whiskeys continue to lead global market demand with promising growth opportunities through the forecast period.
Premium whiskey brands will gain substantial traction owing to superior price to quality ratios.
High preference among consumers to drive the wheat based whiskey segment.
South Asia and Oceania continue to be at the forefront of demand, with considerable expansion of urban cultures.
Whiskey Market: Key Driving Factors
Soaring whiskey consumption, particularly by the millennial consumer demographic, will assist the rise of market.
Expansion of the HoReCa sector and growing inclination towards whiskey blends experimentation will contribute to market growth.
Increasing preference for premium and super premium whiskey is driving sales of whiskey in developing regional markets.
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Plant Hydrocolloids Market to Surpass US$4Bn, Clean Label Trends to Augment Growth, Projects Fact.MR
Heightened demand for clean label food products is projected to give an uptick to sales of plant hydrocolloids. Plant hydrocolloids provide functional benefits within the food industry such as their utilization as vegan replacements for gelatin hydrocolloids. They are also gaining proficiency as effective substitutes for eggs which have end use applications in the bakery industry. These factors are inducing demand for plant hydrocolloids in the food industry. Demand for plant hydrocolloids is expected to grow exponentially and is projected to create an absolute $ opportunity of US$ 4.5 Bn during forecast period 2019 – 2029.
As per the research study, varieties such as fresh halloumi cheese, mature halloumi cheese, and low-fat halloumi cheese are trending across the supermarket shelves. Addition of enticing flavors such as mint and chili is also gaining prominence among manufacturers. The report sheds light on the widespread recognition of halloumi as a popular snacking option, on the back of its versatility and nutritional portfolio, which is likely to spur revenues of halloumi cheese market.
The report finds that conventional halloumi cheese will continue to account for majority revenue share on account of easy availability and economic prices. However, demand for organic halloumi cheese is likely to witness a surge in popularity, owing to growing concerns pertaining to health and wellness. Rising awareness about the benefits of unsaturated fatty acid in the organic halloumi cheese variants is likely to influence buying behavior during the forecast period. According to the research study, approxim
Sales of organic chicken are expected to remain concentrated in the developed countries of Europe closely followed by emerging economies of Asia Pacific excluding Japan (APEJ), physical fitness being a common and a key aspect observed in these regions. Strong fitness industry of Europe is likely to present potential opportunities with rising people participation in fitness clubs. For instance, according to IHRSA, in 2017 European health club market served around 56 million members with fitness clubs generating more than US$ 29 billion. This has translated into increasing demand for high protein natural food products such as organic chicken, in turn boosting its market’s growth in Europe.
Demand for coal handling system continues will remain driven by increasing adoption in coal-fired power plants. The report envisages that the sales volume of coal handling system is estimated to expand at stellar pace across the Asia Pacific in the forthcoming years. Asia Pacific excluding Japan (APEJ) is likely to retain its status quo as the most lucrative market for coal handling system and manufacturers can expect momentous opportunities from the emerging economies in this region during the assessment period.
The emerging economies, particularly China and India collectively accounted for more than 70 percent of the APEJ coal handling system market in 2017 and are expected to showcase a significant market share by the end of the year of assessment.