NEW YORK, February 20, 2018 /PRNewswire/ --
Increasing Focus of Consumers on
Organic Food Products to Prove Healthy for Revenue Growth of the
Global Buckwheat Market
Understanding several aspects of the global buckwheat
market, Persistence Market Research presents a well-structured
analysis of various trends, opportunities, challenges, restraints
and growth drivers influencing the global market in its latest
insightful research publication titled "Buckwheat
Market: Global Industry Analysis (2012-2016) and Forecast
(2017-2027)." The exhaustive research study on
buckwheat market also includes competitive assessment which can be
used to achieve strategic advantage over the competition in the
long run. A detailed market segmentation helps evaluate the value
and volume projections of all segments for a period of 10 years
from 2017 to 2027.
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Global Buckwheat Market Research Report
Overview @
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Several Aspects to Influence the Growth of the Global
Market
Several innovations in food have raised the consumption of
buckwheat. Owing to its multifunctional properties, it is used in
making health food items, such as porridge and nutrition bars.
Moreover, buckwheat is a good source of proteins and is used in
different preparations depending on the taste and local culture.
The growing consumer preference healthy food and organic food is
expected to fuel the use of buckwheat in the coming years. The
demand for organic food is increasing substantially at a global
level. Growing awareness among consumers regarding the benefits of
organic food is expected to drive the consumption of organic
buckwheat. Not only proteins but buckwheat is also rich in fibers.
Moreover, buckwheat is gluten free. This aspect is driving its
consumption among the health conscious population on a large scale.
Also, the new trend of clean labelling is expected to influence the
global market in a positive manner in the coming years.
However there are few factors that are hindering the growth of
the global buckwheat market. Unwanted side effects on consumption
of buckwheat flour among certain individuals and poor backward
integrated supply chain network are expected to pose challenges to
the growth of the global market.
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Global Buckwheat Market: Segmentation Snapshot
The global buckwheat market is segmented on the basis of nature,
form, end use and region.
With respect to nature, the global buckwheat market is led
by the conventional segment. This segment is estimated to reach a
high market valuation by 2027 end and is expected to dominate the
global market. Moreover, it is projected to expand at a value CAGR
of 4.1% during the period of forecast. However, the organic segment
is expected to run at a relatively high pace in the coming
years.
By form, the groats segment is the largest and was valued
at about US$ 522 Mn in 2017, closely
followed by the flour segment. However, the flour segment is
expected to showcase high lucrativeness and is expected to rise at
a relatively high value CAGR during the forecast period.
By end use, buckwheat is expected to witness increased
demand from the food and beverage sector, especially in snacks and
bakery products. The food and beverage segment is projected to
expand at a high CAGR of 4.4% during the assessment period.
Among the regional markets, Eastern Europe is the largest and most
lucrative. However, Middle East
and Africa (MEA) region is highly
opportunistic for the growth for the global market. The buckwheat
market in MEA is projected to grow at a stellar 7.7% value CAGR
over the forecast period.
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Buckwheat Market to Grow at a Moderate Pace throughout the
Forecast Period, Predicts Persistence Market Research
According to Persistence Market Research, the global market for
buckwheat is expected to reflect moderate pace in the years to
follow. Analyzing several factors, the market study states that the
global buckwheat market is expected to expand at a value CAGR of
4.2% during the period of assessment. In 2017, the global buckwheat
market stood at about US$ 1,100 Mn
and is anticipated to reach an estimation of over US$ 1,800 Mn by the end of the year of
assessment.
Various Tier Players Involved in the Production of Buckwheat
Striving to Gain a Foothold in the Global Market
Manufacturers of buckwheat are looking out for more productive,
effective, and long-term relationships with buyers for buckwheat
groats and flours. Buckwheat is widely used as an ingredient in
other industries, globally, majorly in the food and beverage
industry. Also, they are developing clear and clean labelled
packaging for buckwheat products with a view to spread awareness
about its nutritional and health benefits. The global buckwheat
market covers a detailed study on various key players involved in
the market. Key companies such as The Hain Celestial Group Inc.,
Galinta Ir Partneriai Uab, Archer-Daniels Midland Co., Homestead
Organics Ltd., Skvyrskyi grain processing factory Ltd., Bob's Red
Mill Natural Foods Inc., Hodgson Mill Inc., Wilmar International
Ltd., The Birkett Mills, Resurs LLC, Montana Milling Inc., Bio-Oz.
Buckwheat Enterprises Pty Ltd., Doves Farm Foods Ltd., Ceres
Organics Limited and Windmill Organics Ltd., are profiled in this
research report.
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