Food and Beverage
Overview of the herbal tea market
Extensive research carried out by the market research analysts at Technavio has shown that the global herbal tea market will grow at a steady pace and will post a moderate CAGR of more than 5% over the forecast period. Herbal tea has several health benefits and is available in a variety of flavors such as orange and apple, which are not only delicious but are a perfect alternative to unhealthy sodas. Moreover, herbal tea is rich in antioxidants, minerals, and vitamins. Some of the most popular herbal teas include peppermint tea, chamomile tea, and hibiscus tea. While peppermint tea aids in digestion and has antiviral and antimicrobial properties, chamomile tea has antiplatelet-clumping activity and plays a vital role in reducing the occurrence of blood clots. Also, hibiscus tea lowers the blood pressure and is ideal for pre-hypersensitive and mildly hypersensitive people. The increasing awareness about preventive healthcare and stressful lifestyle is encouraging consumers to opt for products with health benefits like herbal tea.
Online retailing is a recent trend spurring the growth prospects of the herbal tea market in the coming years. Although the brick-and-mortar retail channel remains the key channel in the market, Internet retailing is witnessing rapid growth. Factors such as quick delivery services and competitive selling prices are some of the major factors boosting the growth of Internet retailing worldwide. Several websites like mightyleaf.com, teabox.com, themandarinstearoom.com, and adagio.com offer different
Overview of the global wine market
Market research analysts at Technavio predict that the global wine market will grow steadily during the next four years and will reach a global consumption of more than 30 billion liters by 2020. This market research analysis identifies the increase in marketing and promotional activities as one of the primary factors that will fuel the growth of this market. Most of the vendors in the market are large-sized firms and have businesses in several countries across the globe. They have sufficient capital to invest in promotions to build brand image and increase customer loyalty. Moreover, the constantly increasing number of new vendors will also induce wine manufacturers to launch new varieties of alcoholic beverages and follow aggressive marketing strategies to gain a competitive edge over their competitors.
In terms of geographical regions, EMEA was the major revenue contributor to the market during 2015 and owing to the high demand for wine from European countries, this region is expected to dominate the market during the next four years as well. Though the aging population does not drink wine often, they buy more premium wine and wine manufacturers have started tapping into this segment by releasing wine in smaller packages or in packages that preserve wine better. Also, good grape harvests and exceptional weather conditions in the African region result in the production of wines with good acidity and sugar levels, which will also augment the market’s growth prospects.
Competitive landscape and key vendors
Though the market appears to be fragmented by the presence of several local and international vendors, a few players hold major shares. Wine vendors mainly compete on the basis of product differentiation,
Outlook of the global single malt whiskey market
Market research analysts at Technavio predict the global single malt whiskey market to grow progressively at a CAGR of around 2% by 2020. The rising demand for premium single malt whiskey will be one of the major factors contributing to the growth of the market. The US and the UK serve as the primary market for the rising demand for these products. Additionally, Brazil is one of the emerging markets due the increasing demand for their premium whiskey brands like Diageo. Furthermore, the price of single malt whiskey increases with the age of the whiskey and the taste intensifies with the maturity of the brew. The sale of premium brands is associated with a status symbol, and it is observed, that demand for such brands is very high among high net worth individuals. The age and exclusivity of these premium brands of single malt whiskey will fuel the market growth during the forecast period.
Market analysts predict that Europe will be dominate the market during the forecast period and will grow at a CAGR of around 6% by 2020. One of the major factors contributing to the growth of the European market will be the increasing demand for imported single malt whiskey from Scotland. Scotland is one of the world's largest producer of premium single malt whiskey. Also, the growing consumption of single malt whiskey in other European countries like Germany, the UK, and Spain will aid in the growth of the market during the next four years.
Competitive landscape and key vendors
The changes in customer taste and preferences, local economic conditions, and demographic trends are factors that are affecting the
Global outlook of the digestive health food and drinks market
Technavio’s market research analyst predicts that the global digestive health food and drinks market will grow steadily at a CAGR of around 8% between 2016 and 2020. The use of dietary fiber foods to combat abdominal diseases is one of the primary factors propelling the growth of digestive health food and drinks market. Dietary foods are nutritive and are very helpful in treating gastrointestinal disorders, lowering cholesterol levels, reducing the risk of colon cancer, and aid in weight loss. Soluble dietary fibers have proved beneficial in minimizing the symptoms of irritable bowel syndrome including diarrhea, constipation, and abdominal problems. Owing to the growing preference for healthy diets among consumers, several food and beverage companies are developing dietary fiber products that offer long-term benefits. Factors such as the increase in demand for probiotic products, growing health awareness, and the implementation of healthier lifestyles by consumers will boost the demand for digestive health food and drinks over the next few years.
The primary factor for this region’s growth is the high consumption of digestive health food and drinks containing probiotics, especially yogurt. Aggressive marketing initiatives and the growing awareness about digestive foods among consumers has stimulated the sales of digestive health food and drinks in this region. Several producers of digestive health food and drinks
Overview of the global canned salmon market
Technavio’s market research analyst predicts the global canned salmon market to grow at a moderate CAGR of around 4% between 2016 and 2020. Salmon aquaculture is the fastest-growing food production system in the world. As per the recent market studies, the farmed salmon production has increased by about 133% over the past 15 years. There is growing demand for canned salmon across the world due to the various health benefits associated with the consumption of salmon fish. Salmon is considered as a good source of proteins, minerals, and various fatty acids such as omega-3 and omega-6. The surging demand for salmon products has led to the rapid increase in salmon production. The aquaculture production of Atlantic salmon is increasing significantly and is anticipated to increase at a growth rate of around 10% during the forecast period. The latest development in this market is the practice of land-based salmon aquaculture, which confines the fish to indoor tanks, and eliminates interactions between the farmed fish and the external environment.
APAC is the largest region in the canned salmon market in terms of revenue and is anticipated to occupy more than 41% of the overall market during the forecast period. Factors such as the increase in population, growing requirement for protein-rich diets, high disposable income, and changing lifestyles are fueling the demand for canned salmon products in the region. China, India, Japan, Thailand, Australia, Bangladesh, Singapore, and Malaysia are the key revenue contributing countries in APAC. Moreover, the surging demand for fish
Outlook of the global quinoa seeds market
According to the market research analyst at Technavio, the global quinoa seeds market will grow progressively and post a CAGR of around 26% by 2020. The primary factor contributing to the growth of the market will be the emergence of quinoa as a superfood. Quinoa is considered to be a rich and healthy food product as it contains essential minerals like phosphorous, manganese, magnesium, iron, and copper that help deal with diabetes, migraines, and atherosclerosis. Also, it is a good source of vitamins B and E. Quinoa is popularly known as ‘complete protein' owing to its excellent amino acid profile, which is necessary for tissue growth and repair. In the recent studies, it was concluded that quinoa contains phytoestrogens, which aid in the prevention or reduction of osteoporosis, arteriosclerosis, breast cancer, and other medical conditions. The availability of quinoa that can be blended with other food products like cookies, muffins, and fritters to enhance taste and functionality will help in the growth of the quinoa seeds market during the estimated period.
The growing demand for alternative sources of protein is one of the recent trends gaining prominence in the market. The higher content of protein and better calorific value of quinoa has led to the increase in the demand for quinoa-based food products. Also, since it has higher amounts of lysine and isoleucine than other grains, it is vital for the growth and development of the body. Furthermore, with the rise in veganism and
The food and beverage industry encompasses the entire range and distribution of fast-moving consumer goods (FMCG) products from suppliers and manufacturers. Technavio’s food and beverage domain provides actionable global market analyses and forecasts. It examines key drivers, challenges, and emerging trends that are influencing the market.
Through Technavio reports clients can garner strategic insights into real consumer attitudes and behaviors and identify key market opportunities for future growth and investment. Our expert research and analysis includes carefully compiled data, like market size, vendor analysis, and competitor information, for different markets in the food and beverage industry. Technavio analysts continuously monitor industry segments, including alcoholic beverages, non-alcoholic beverages, food, and food services.
Leading companies extensively covered in our report offerings include Coca-Cola, Diageo, Mondelez International, Nestlé, PepsiCo, and Unilever.