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Showing posts from July, 2023

Cider Market Expected to Reach $26,211.2 Million by 2031

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  “Fruit-based ciders are anticipated to witness the highest growth rate, owing to their innovative flavors, natural ingredients, and less alcoholic content. In addition, people opt for can ciders, as they are light weighed and safe from UV rays.” According to a new report published by Allied Market Research, titled,  “ Cider Market  by Type, Packaging, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022–2031,”  the global cider market size was valued at $14,570.3 million in 2020, and is projected to reach $26,211.2 million by 2031, registering a CAGR of 5.0% from 2022 to 2031. The apple-based ciders occupied more than half of the share in the global cider market in 2020. Cider is a gluten-free low alcohol beverage, and is replacing beer among people who prefer gluten-free drinks. Furthermore, rise in health concerns in the global population and several risks associated with alcohol consumption fuel the demand for new classes of alcoholic drinks, such

Flavors and fragrances Market Expected to Reach$35.9 Billion by 2027-Allied Market Research

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“The Flavors and Fragrances Market is expected to witness significant growth, owing to increase inuse of flavoring ingredients in bakery and confectionery items such as ice creams, desserts, smoothies and others, whichis fueling the growth of the Flavors and Fragrances Market. Moreover, increase in use of natural fragrances in cosmetics and personal care products further augment the growth of the market. ” According to a new report published by Allied Market Research, titled, “ Flavors and Fragrances Market  by Type, Natureand Application: Global Opportunity Analysis and Industry Forecast, 2021–2027 ,” the global Flavors and Fragrances Market size was valued at $28.1 billion in 2019, and is projected to reach $35.9 billion by 2027, registering a CAGR of 4.7% from 2021 to 2027.Natural flavors have the potential to change the business landscape in the overall Flavors and Fragrances Market. Changing consumer preferences toward natural flavors and fragrance gave rise to awareness about t