Buckwheat to be largely used in snacks in the food and beverage industry
Albany, NY -- (SBWIRE) -- 04/16/2018 -- A latest research report titled as "Global Market Study on Buckwheat: Increased Adoption of Buckwheat to be Observed in the Cosmetics and Personal Care Industry in the Coming Decade" has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.
Click here For Free Sample Report @ https://www.mrrse.com/sample/4682
According to this research report, the global buckwheat market is anticipated to grow at a moderate rate to reach a significant value by the end of the year of assessment. The buckwheat market has been experiencing steady growth during the 2012-2016 timeline. It is projected to grow at a value CAGR of 4.2% throughout the period of assessment, to reach a market value of around US$ 1.8 Bn by end of 2027 from a market valuation of about US$ 1.1 Bn in 2017. The research study portrays a complete picture of the global market for buckwheat and covers forecast analysis for a period of 10 years, starting from 2017 till 2027. Aspects such as increasing consumption of buckwheat in food and beverage sector, increasing innovations in food resulting in rising consumption of buckwheat, increasing consumer focus towards organic food and increasing need for gluten free products are expected to fuel the growth of the global market for buckwheat. Moreover, the "on-the-go consumption" pattern is increasing the traction of RTC (ready to cook) /RTE (ready to eat) healthy meals in the food industry. Multigrain wheat products are also witnessing rising demand due to the presence of multiple nutrients in a single diet. For instance, in the United States, buckwheat is gaining popularity in healthy diets and side dishes. Buckwheat, a highly nutritious product, requires very less cooking time, and no chemicals for processing. Thus, it becomes very compelling among health conscious consumers.
More than a billion dollar market for buckwheat to be observed only from the food and beverage industry
There are several end use areas of buckwheat, namely, food and beverage sector, animal feed industry and cosmetics and personal care sector. The food and beverage industry is expected to showcase high consumption of buckwheat as compared to other end use segments. The food and beverage segment is estimated to reach an estimate high than US$ 1 Bn by the end of the year of assessment. In addition, the food and beverage segment is expected to grow at a comparatively high value CAGR throughout the period of assessment.
To Know the latest Trends and Insights Prevalent in this Market, Click the link below @
Snacks to largely contribute to the growth of the parent segment
The application of buckwheat in the food and beverage sector is mainly into snacks, beverages and bakery products. Of these, the consumption or adoption of buckwheat in snacks is growing at a significant pace and expected to largely contribute to the growth of the parent industry. The snacks sub segment is poised to grow at a high value CAGR throughout the period of assessment and is estimated to touch a market valuation of more than US$ 485 Mn by the end of the year of assessment, thus pushing the growth of the parent segment. The use of buckwheat is also observed to reflect a potential growth trajectory in several bakery products. The bakery products sub segment is the second largest with respect to market value and attractiveness. Snacks and bakery products sub segments are expected to reflect high lucrativeness in global buckwheat market in the years to follow.
Demand for buckwheat in animal feed to substantially grow by the end of the forecast period
Animal feed, one of the end use segments, is anticipated to grow at a substantial rate and reflect high market value by 2027 end. The animal feed segment is projected to expand at a CAGR of 3.7% throughout the forecast period to reach an estimate a little under US$ 400 Mn by the end of the year of assessment (2027).
Enquire about this Report @ https://www.mrrse.com/enquiry/4682
About Market Research Reports Search Engine
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE's repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
90, State Street
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Read More Industry News At: https://www.industrynewsanalysis.com/