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Market Overview Global  Legal Marijuana Market Revenue  is set to surpass a valuation of USD 4 Bn by the year 2024, reflecting a strong CAGR of 22.03%. Legal marijuana is witnessing a fast uptake in regions such as North America and Europe. This is primarily owing to the introduction of new frameworks. Moreover, commercialization of the marijuana under certain regulations has further broadened its application spectrum. Legal marijuana is attracting significant commercial interest. Legal marijuana has several medical benefits, which is driving its popularity in the pharmaceutical industry. Legal marijuana is increasingly prescribed as recreational medicine. Over the year, the investments in marijuana research and development has increased. This has led to introduction of new cannabis products. Such factors are deeply influencing the market growth.  Competitive Analysis  MRFR in its report has profiled of some of the top-notch companies operating in the Global...

Market Overview Barbecue sauce, also referred to as BBQ sauce is a flavor enhancer used in the cooking of barbecue styled meat or vegetables. Barbecue foods are prepared by smoke grilling which helps in sustaining the nutritional value, imparting a unique flavor to the food product which further is said to be delivering health benefits. This factor is acting as a significant driving force that is augmenting the demand for barbeque sauce led by the rising demand for healthy and roasted meat and vegetables which, in turn, is increasing the market growth of barbecue sauce. Rising consumer demand for food products prepared with flavor enhancers that offer exotic flavors is positively influencing the growth of barbecue sauce market. Shifting food consumption pattern backed up by increasing disposable income is propelling the growth of this market. Resultantly, BBQ sauce market is growing rapidly on the global platform. Additional factors substantiating the market growth include rising...

Market Overview Spirulina is a multicellular and filamentous microalga that is blue-green in color. It is used as a food supplement to overcome malnutrition. Spirulina is an abundant source of protein, vitamins, carotenoids, minerals, and antioxidants. Spirulina grows in fresh water and can also be produced artificially, based on its nutritional value. Spirulina has gained popularity owing to its diverse scope of application, specifically in the food industry and as a potential supplement.  The global spirulina market is anticipated to register a lucrative CAGR of 8.02% during the forecast period. Spirulina is considered as an excellent natural feed additive which is used for animals as well as poultry. With its full scope of application in agriculture and aquatic farming and hatchery, the global spirulina market is assessed to grow at a fast pace. The demand for spirulina is mainly increasing in developing economies owing to the proliferating awareness regarding the product ...

Market Overview Global  Organic Spices and Herbs Market Revenue  is expected to witness substantial growth at a CAGR of 3.72% during the forecast period of 2020 to 2023 A significant factor driving the growth of the organic spices and herbs market is the shift in the consumer behaviour pattern towards food products. The growing awareness about the medicinal properties of the organic herbs and spices is also likely to contribute to market growth. The increasing demand for preservative and processing-free food has encouraged the adoption of organic spices and herbs across the food and beverage industry. In addition, the government regulations towards the restriction of artificial ingredients are estimated to enhance the revenue generation for the market players of the organic spices and herbs market. The rising proclivity towards healthy food habits and organic diets is anticipated to create growth opportunities for the global organic spices and herbs market. On the ot...

Market Insight Market Research Future (MRFR) speculates that the global Beer Market Revenue is predicted to be incredibly lucrative during the forecast period owing to the accelerating awareness of the product. Beer is referred to as a fermented alcoholic beverage which is brewed with traditional ingredients and methods. The primary source of fermentable sugars in brewing is malt. When yeast is added to the wort, it converts sugars to alcohol. Later, hops are added in the wort in order to balance the flavours in the beer. The oils and acids present in the hops aid to balance the flavour and also add aroma to it. It is usually prepared by using four major ingredients such as hops, malted cereal grains, yeast, and water, which later undergoes fermentation over a certain period. Market Potential and Pitfalls The global beer market is experiencing a swift growth over the assessment period owing to several factors such as accelerating consumption rate of alcohol, changing lifestyle,...

Market Insights Frozen pizza owing to its longer shelf life is highly demanded in major metro cities. Offering exclusive toppings and easy-to-bake benefits is fueling the demand. The Global Frozen Pizza Market Revenue is likely to develop at a CAGR of 2.5% between the forecast periods 2019-2023.  Launch of new products with appealing toppings and crust has fueled the sales figures for the business owners. Rising number of employed population and consumers preventing gluten-free products is predicted to boost the demand in the forecast period. Manufacturers focusing on smart market strategies to lure customer with the new product launches is expected to uphold the growth of the global frozen pizza market. Availability of the advanced food processing equipments, for example freezing machineries has motivated the emergence of franchise-based food retailing and is creating lucrative opportunities for the global market. On the other hand, high sodium content and less nutritious ch...

Market Overview The demand for organic chocolate has grown favourably around the world due to its relatively inelastic demand. Reports that gauge the food, beverages & nutrition industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is forecasted to attain a CAGR of over 2.5% in the approaching period. The increasing focus on reducing the uses of artificial chemical preservatives is motivating the organic chocolate market. Moreover, the upsurge in health consciousness and clean label products is expected to bolster the growth of the organic chocolate market in the coming years. Moreover, the positive shift in consumer demand towards organic chocolate is expected to create new opportunities for growth in the impending years. Competitive Analysis The significant contenders outlined in the  Organic Chocolate Market Revenue  globally are  Artisan Conf...

Market Overview The increasing health awareness among consumers is expected to a positive impact on the dried fruit market. Furthermore, growing research and development to introduce product innovations regarding its applications in various industries are adding fuel to market growth over the review period. They are greatly used in the dairy industry as well as the bakery industry owing to their popular demand and flavor enhancing-ability. On the other hand, the application of dried fruits in snacks and breakfast cereal owing to their nutritional value is expected to rise in the forecast period. The preference of consumers towards the consumption of processed dietary food products is contributing to the dried fruits market share over the review period. It is gaining massive popularity in the food processing industry towards application in various food industry product lines due to their increasing nutritional level of the product. On the other hand, hypersensitivity and allergies...

Market Insight Medicinal mushrooms are food items that are cultivated in order to attain their benefits such as high nutrient profile of proteins, antioxidants, vitamins, and amino acids. These types of mushrooms are commonly grown in Asia, cultivated on a large scale in the countries in the region. These are apt for curing seasonal allergies, inflammations, common cold, and bronchitis and for alleviating asthma, thereby boosting the functioning of the nervous system in the body. Apart from this, proactive steps being taken to promote and market these products have done wonders for the medicinal mushroom market, revenue-wise. Trade pundits are observing the consumers’ purchasing patterns of consuming medicinal food, which points towards their inclination to buy latest products offering health benefits in abundance. On this basis, the global market is being flooded with health books and magazines that advertise the benefits of medicinal mushrooms, raising consumer awareness. Overa...

Market Synopsis Sweetened condensed milk has found application as a key ingredient in many desserts. It is anticipated to witness high demand in the forthcoming years. The product has a rich nutrient profile and contains potassium, calcium, vitamin A, magnesium, etc. It is expected to increase the growth pace of the sweetened condensed milk market over the next couple of years. The growth is further anticipated to be boosted by the expansion of the confectionery industry in the forthcoming years.  The product has a long shelf life, which is one of the motivators of the growth trajectory of the market. Key players are investing in research & development for bringing innovative flavors. This, in turn, is anticipated to attract a larger consumer base in the forthcoming years, thus, accelerating the growth of the sweetened condensed milk market. However, the high calorie content remains an impediment to market growth. Competitive Dashboard Eagle Family Foods Group (U.S.),...

Market Overview Over the years, the ease of availability and convenience has proliferated the demand for bakery products globally. Advancement in processing technology has allowed the inclusion of numerous ingredients that help ameliorate taste, appearance, and the overall nutritional value of the baked products. This is another key factor helping support the Global Bakery Products Market Revenue. With rising demand for healthy convenience food products, the availability of bakery products have increased due to its convenient-nature and enhanced packaging. Bakery products are available in different types and varieties like sweet, breakfast foods, and as savory snacks. This attracts the consumers to experiment with their choice. However, on the flip side, the increasing health awareness among the consumers has shifted their food preferences. The shifting consumption pattern and growing population of health-consciousness consumers can restrain the growth of bakery products. Compe...