RRI delivers key insights on the global Hops extracts market in its upcoming outlook titled, 'Global Market Study on the Hops Extract Market'. In terms of value, the global hops extract market is projected to register a healthy CAGR of 3.3% during the forecast period 2026.
Today customers mainly prefer convenient, safer, refreshing and healthy beverages relatively more that are free of artificial ingredients, calories and caffeine. In addition, surge in demand for green beverages will further witness a surge in the coming years. Moreover, manufacturers operating in the global cold pressed juice market are offering flavors such as green juice with cucumber, coconut water, splash pineapples and leafy greens.
Increasing need for controlling glucose levels and bringing down blood cholesterol has led to an upsurge in demand for dietary fiber. Bakery and confectionary industry will witness relatively high demand for gum arabic due to increasing need for a binder of natural attributes. Moreover, consumption of gum arabic represents no harm as compared to synthetic and artificial binders.
The rising use of herbs and spices in food and beverages industry is one of the key factors estimated to encourage the growth of the global market throughout the forecast period. The increasing focus on Ayurveda and the increasing awareness regarding its combination and benefits are further estimated to accelerate the growth of the global herbs and spices extracts market in the next few years.
The market is segmented and market values are forecasted for the major regions, such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and market values are forecasted on the basis of types and applications.
In the food and beverage industry, flavours are used in most of the raw materials. Flavours find application in food products such as confectionaries and bakery products as well as in other non-food products such as cigars and tobacco. For instance, hibiscus is being used across the alcoholic as well as the non-alcoholic beverages category in generic form or in blends as a cocktail.
An exhaustive analysis and geographic assessment demonstrates that the growth of global specialty fats and oils market is attributed to the factors such as, increasing demand for specialty fats and oils in bakery, confectionery, dairy and ice-cream industry.
Attributed to its qualities and various health-related benefits, customers in various developing and developed countries increasingly prefer lavender oil derived from natural plants. In addition, increasing use of lavender extracts in parallel to oil and essence in a range of products that are related to food and beverages have witnessed an increase significantly.
On the basis of form, the market is segmented into powder, granules and lumps. On the basis of end use the market is segmented into food and beverage, cosmetics, pharmaceuticals and others.
The plastic have been used as a packaging material since past few decades due to consumer demand and convenience. It also used as a packaging material for food and beverages subjecting direct contact with plastic polymers.
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