Market Overview
The sale of flavored tea is growing exponentially as consumers are opting for a healthy lifestyle. Flavored tea enriches the properties of actual tea plant camellia sinensis. Tea infused with the flavors of fruits, herbs, and spices have an added advantage of medicinal benefits, driving the growth of the market. Moreover, flavored tea is gaining popularity across the globe, as the demand for healthy food & beverages has been increasing in recent years. These factors will support the flavored tea market and is estimated to grow at the rate of about 4.2% from 2017 to 2023.
Competitive analysis
The major players in flavored tea market
- Twining and Company Limited. (U.K)
- Numi, Inc. (U.S.)
- ITO EN (North America) Inc. (U.S.)
- Tata Global Beverages Ltd. (India)
- The Unilever Group (U.K)
- Barry's Tea Ltd. (Ireland)
- Bigelow, Inc. (U.S.)
- Celestial Seasonings, Inc. (U.S.)
- Harney & Sons Tea Corp. (U.S.)
- Mighty Leaf Tea Company (U.S.)
Market Forecast
The global flavored tea market is witnessing an impressive growth over the last few years. This is attributed to the rising health conscious people both in developed and developing economies. Also, increasing disposable income of the consumers is anticipated to be the significant reason for the growth of the flavored tea market during the forecast period. Growing cases of obesity are projected to surge the demand for flavored tea further.
Additionally, key players in the global flavored tea market are emphasizing to enhance their investment in the product development to extend the product line. Also, the companies are inclined to increase their footprints across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies to penetrate the untapped market. However, limited availability of spices & herbs may hinder the market growth over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 4.2% of flavored tea market during the forecast period, 2017-2023.
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Downstream analysis
On the basis of the type, it is segmented into black tea, green tea, white tea, and others. Among them, the black tea is dominating the market. However, the green tea is anticipated to be the fastest growing segment in the flavored tea over the forecast period.
On the basis of the flavor, it is segmented into fruits, herbs, spices, and others. Among all, the herbs segment is anticipated to dominate the market followed by the fruits segment. However, the spices segment is projected to be the fastest growing segment during the estimated period.
On the basis of the distribution channel, it is segmented in store-based, and non-store based. Among both, the store-based distribution channel is dominating the market based on the one-stop shopping experience.
Regional Analysis
The global flavored tea market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific is dominating the global flavored tea market followed by North America. Emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to major players.
The European flavored tea market is projected to grow at a steady pace in the review period. The growing inclination towards functional beverages in Europe is driving the growth of the flavored tea in this region. Moreover, new innovative product launches are expected to contribute to the growth of flavored tea in the rest of the world.
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Market HighlightsGlobal Botanical Extracts Market is projected to be valued at USD 25,151.7 Million by 2025, expanding at a CAGR of 5.45% during the forecast period.
However, the limited availability of botanical extracts is hampering the growth of the market.
The increasing demand for organic ingredients is expected to offer lucrative opportunities to market players in the coming years.
Other factors, such as increasing demand for natural food ingredients and additives among consumers is expected to drive the growth of the botanical extracts market in the region.
The herbs primarily used for botanical extraction are turmeric, rosemary, mint, basil, chives, sage, bay leaf, and thyme.
The demand for such herbs is increasing at a high pace due to its broader application in food & beverages and pharmaceutical products across the globe.
The Global Sportswear Market is projected to display a robust growth represented by a CAGR of 5.80% during 2018-2023.
Athletic Footwear segment contributed maximum revenue in the market and is expected to continue the leadership in the forecast period on the back of rising awareness regarding the rising awareness of health and wellness, the prevalence of Athleisure trend in developing nations coupled with increasing number gyms, jogging tracks, fitness clubs.
Amidst the Sales Channel, online segment is expected to witness the fastest growth rate on the heels of rising internet penetration and number of smartphone users across the globe.
Amongst the regions, Asia Pacific accounts for the largest regional share in the global sportswear market in 2018.
Key factors driving the robust Asia Pacific market include large population base, increasing disposable income coupled with rising health consciousness across the region.
Global Sportswear Market has covered and analyzed the potential of Global Sportswear Market and provides statistics and information on market size, shares and growth factors.
Moreover, in order to enhance the taste of the bars, manufacturers add various flavors to the product including chocolates, fruits, peanut butter, savory, spices and others.
The high nutritional value of the product is driving the nutritional bars market.Competitive Analysis:The major players in the nutritional bars marketAtkins Nutritionals, Inc. (U.S.)Clif Bar & Company.
(U.S.)General Mills Inc. (U.S.)Kellogg Co. (U.S.)Kashi Company (U.S.)Quaker Oats Company (U.S.)Mars Incorporated (U.S.)Market Forecast: Nutritional bars are handful collection of low sugar, high protein, high level of omega-3 and less additives.
Increasing population of health conscious individuals is propelling the market growth of nutritional bars.
Moreover, the trend of consuming nutritional bars as snacks between the meals is gaining popularity among all age groups which is driving the market of nutritional bars.Increasing number of working population followed by hectic lifestyle of consumers is adding fuel to the growth of the nutritional bars market.
However, there are large number of product substitutes available in the market which may have a negative impact on the market growth of nutritional bars.
Key PlayersSome of the prominent players operating in the global acetone market are INEOS (Switzerland), The Royal Dutch Shell plc (the Netherlands), The Dow Chemical Company (U.S.), Cepsa (Spain), Mitsui Chemicals, Inc. (China), Altivia (U.S.), LCY GROUP (Taiwan) Formosa Chemicals & Fiber Corporation (China), Prasol Chemicals Pvt.
Ltd. (India) and EMCO Limited (India) among otherSegmentationThe global acetone market is categorized on the basis of application, end use industry, and region.
On the basis of end use industry, the market is segmented into pharmaceuticals, personal care, paints & coatings, plastics, construction and electrical & electronics.
Among these, Asia Pacific is anticipated to develop with the most astounding CAGR amid the survey time frame, 2017 to 2023 by virtue of extending paints and coatings and construction industries.
The acetone market is anticipated to increment in various nations of the Asia Pacific, for example, China, India, Japan and Indonesia because of expanding urbanization and populace is expected to drive the market in the estimate time frame.North American acetone market COVID-19 Impact is anticipated to witness a huge development by virtue of high acetone consumption potential, expanding production capacities, and rising monetary development rate.
Money related obligation in these nations has crossed their income which is the real restriction for the acetone market to develop in the forecast period.Market Overview:Acetone is a clear, colorless, and volatile fluid with a sweet aroma.
According to the new market research report " Vaccine Adjuvants Market by Product Type (Particulate, Emulsions, Pathogen, Saponin), Route of Administration (Subcutaneous, Intramuscular), Disease Type (Infectious, Cancer), Application (Research, Commercial) & Application Category - Forecasts to 2021 ", published by MarketsandMarkets™, The global vaccine adjuvants market is expected to reach USD 769.4 Million by 2021 from USD 467.0 Million in 2016, at a CAGR of 10.5%.
The global market is broadly classified into product type, route of administration, disease type, applications, and application categories.Don’t miss out on business opportunities in Vaccine Adjuvants MarketBrowse and in-depth TOC on "Vaccine Adjuvants Market" 90 - Tables 42 - Figures 156 - Pages Geographically, the vaccine adjuvants market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW).
However, Asia is projected to grow at the highest CAGR during the forecast period.
Growth in the North American segment is primarily driven by the increasing geriatric population and rising incidences of diseases in the North American countries.The major players in the vaccine adjuvants market are Brenntag Biosector (Denmark), CSL Limited (Australia), SEPPIC (France), Agenus, Inc. (U.S.), Novavax, Inc. (U.S.), SPI Pharma, Inc. (U.S.), Invivogen (U.S.), Avanti Polar Lipids, Inc. (U.S.), MVP Laboratories, Inc. (U.S.), and OZ Biosciences (France).Read More Report @ https://www.marketsandmarkets.com/Market-Reports/vaccine-adjuvants-market-152603894.htmlValue Addition for the Buyer:This report aims to provide insights into the global vaccine adjuvants market.
It provides valuable information on the product type, route of administration, disease type, applications, and application categories in the market.
Furthermore, the information for these segments, by region, is also presented in this report.
Market Analysis The global biologics market, during the forecast period, will register growth at a CAGR of 6.95%.The market for biologics is set to reach USD 285,520.4 million by 2023.
Analysts have also studied the market to understand potential threats and challenges the market companies could face.
Although the market is poised to grow at a fast pace across product, disease indication, and manufacturing segments, factors such as restrictions in access to capacity could slow down the market's growth worldwide.Market Segmentation The Market Research Future report offers a complete segmental analysis of the biologics market based on manufacturing, disease indication, and product.
Regional AnalysisBy region, the biologics market report covers the latest trends and growth opportunities across the Americas, the Asia Pacific, Europe, and the Middle East and Africa.
Various factors are propelling the growth of the biologics market in the region, such as investments in new facilities for producing drugs for clinical trials, strong economic growth of Canada and the US, and rapid adoption of manufacturing technologies.
India is a major contributor in this region for its massive strides in biologics manufacturing.Key Players Notable players profiled in the biologics market report include GlaxoSmithKline Plc (UK), Eli Lilly and Company (US), Bayer AG (Germany), Sanofi (France), F. Hoffman-La Roche AG (Switzerland), Novartis AG (Switzerland), Amgen (US), Pfizer Inc. (US), AstraZeneca (UK), and AbbVie, Inc. (US).
