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Emergence of Cocktail Culture to Drive French Spirits Market

Date: 14, November 2020 | Category: Food & Beverage

France spirits market is forecasted to reach US$7.96 billion in 2024, growing at a CAGR of 3.12% for the period spanning 2020-2024. The factors such as rapid urbanization, increasing income, accelerating online spirits sales and peer influence on youngsters are expected to drive the market. However, growth of the industry would be challenged by high competitive pressure and retail consolidation ..

Cocktail Culture Drives the Demand for Tequila Market in the United States

Date: 6, November 2020 | Category: Food & Beverage

The U.S. tequila market is estimated to reach US$4.74 billion in 2024, growing at a CAGR of 5.06% for the period spanning from 2020 to 2024. The factors such as improvement in economic condition, growing hispanic population, increasing urban population, rising female population are expected to drive the market. However, growth of the industry will be challenged by increasing cannabis consumptio ..

Increasing Premiumization Drives Asia Pacific Beer Market

Date: 12, October 2020 | Category: Food & Beverage

Asia Pacific beer market is anticipated to grow at a CAGR of 4.84% during the period spanning 2020-2024. The market in 2024 is forecasted to be US$240.7 billion. The growth in the Asia Pacific beer market is driven by escalating middle class population, growing urbanization and rising gross domestic product. The market is expected to face certain challenges like declining youth population, innu ..

Rising Awareness Regarding Health Benefits to Boost Packaged Tea Market

Date: 15, September 2020 | Category: Food & Beverage

The global packaged tea market is estimated to reach US$65.22 billion in 2024, growing at a CAGR of 6.91% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, prevalence of tea culture, growing e-commerce, growing health awareness, introduction of healthy ingredients in tea and introduction of new flavors and new varieties in tea are expected t ..

Increasing Number of Working Age Population Support Out of Home Coffee Market

Date: 1, September 2020 | Category: Food & Beverage

The global out of home coffee market is expected to reach US$29.55 billion in 2024, witnessing growth at a CAGR of 4.94%, over the period 2020-2024. Growth in the out of home coffee market has accrued due to the accelerating coffee consumption, increasing number of working age population, growing presence of coffee houses, rising disposable income and growing urbanization. The market is anticip ..

Increasing Fast-Casual Restaurants Support the Global Salmon Fish Market

Date: 30, June 2020 | Category: Food & Beverage

Salmon fish is one of the most popular seafood, which is widely consumed by the people all around the world. This fish species is highly rich in protein and provides some of the essential nutrients which are associated with a healthy profile in customers and therefore, considered as one of the functional food. Presently, the overall industry is experiencing growth with the ongoing research & ..

Increasing Out of Home Coffee Consumption to Drive Global Coffee Market

Date: 11, May 2020 | Category: Food & Beverage

The global coffee market is anticipated to reach US$134.25 billion in 2024, growing at a CAGR of 5.32% for the period spanning 2020-2024. Factors such as increasing out of home coffee consuming population, rapid urbanization, rising e-commerce retail sales, accelerating disposable income, increasing instant coffee preference, growing demand for specialty coffee and increasing green coffee consu ..

Rising Biofuel Production to Drive Palm Oil Industry

Date: 29, March 2020 | Category: Food & Beverage

The global palm oil production volume is anticipated to reach 98.82 million metric tons in 2024, growing at a CAGR of 5.9%, for the period spanning from 2019 to 2024. The factors such as increasing population, rising biofu ..

Rising Rates of Cardiovascular Diseases expected to propel the growth of Omega 3 Market

Date: 12, March 2020 | Category: Food & Beverage

The global omega 3 market is expected to reach US$8.30 billion in 2024, growing at an annual growth rate of 10.63%, for the duration spanning 2020-2024. Factors such as rising penetration of omega 3 in Active Pharmaceutical Marke ..

Health Benefits Expected to Drive the Global Plant-Based Milk Market

Date: 3, March 2020 | Category: Food & Beverage

The plant based milk market is expected to reach US$21.52 billion in 2024, growing at a CAGR of 10.18%, for the duration spanning 2020-2024. The factors such as, expansion of the beverage industry, growing obese populace, increas ..