The gum arabic market was valued at US$ 759.74 million in 2019 and is projected to reach US$ 1,206.35 million by 2027; it is expected to grow at a CAGR of 6.1% from 2020 to 2027. Gum Arabic, also known as acacia gum, gum sudani, Arabic gum, gum acacia, acacia, Indian gum, Senegal gum, and by other names, is a natural gum produced from...
Opportunities in the Global Confectionery Sector to 2024 Summary The global confectionery sector was valued at US$193.2 billion in 2019 and is forecast to record a CAGR of 2.6% during 2019-2024 to reach US$219.5billion by 2024. A total of 109 countries were analyzed based on risk-reward analysis...
China’s demand for Packaged Food has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The growing urban population and changing consumer perception have boosted the demand for refrigerated storage and transport. The market for refrigerated/frozen products is rapidly growing in Southeast Asia. The distribution of food products is rapidly shifting from traditional markets toward supermarkets and convenience stores. Refrigerated...
The North America frozen fruits market accounted US$ 786.91 million in 2019, and is expected to reach US$ 1,179.84 million by 2027, it is estimated to grow at a CAGR of 5.3% during 2020-2027. The demand for frozen fruits is rising across North America due to various health benefits associated with the consumption of these fruits.Frozen...
As a response to the outbreak of COVID-19, the Canadian government installed a nation-wide lockdown from March 2020, closing foodservice outlets, except restaurants in Northwest Territories, while ordering the public to stay at home as much as possible. As such, people worked from home, while children studied from home. Therefore, the requirement...
There were relatively few new product developments in packaged food in Serbia in 2020. This is due to producers turning their focus supplying enough produce to meet demand, and also focussing on strategic measures to support their businesses through the economic crisis that accompanied the COVID-19 pandemic. As a result, many new product launches...
The global frozen fruits market was valued at US$ 2,528.46 million in 2019 and is projected to reach US$ 3,769.45 million by 2027; it is expected to grow at a CAGR of 5.2% during 2020–2027 Fruits picked at their peak ripeness are quickly frozen and packaged at liquid nitrogen temperature.The process provides increased shelf life to...
Confectionery Market by Product Type (Hard-Boiled Sweets, Mints, Gums & Jellies, Chocolate, Caramels & Toffees, Medicated Confectionery, Fine Bakery Wares, and Others), Age Group (Children, Adult, and Geriatric), Price Point (Economy, Mid-Range, and Luxury), and Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical...
This study focuses on China’s Chewing Gums market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers...