Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
The global Sprouts market is segmented by sprouts type into bean and pea, grain, nuts and seeds, vegetables and leafy vegetables; by distribution channel into offline and online and by regions. As per U.S. Department of Health & Human Services, there are 44.8% of students studying in middle and high school are given salad as a part of their regular diet which is thriving the Sprouts market to anticipate at a CAGR of 13.5% during the forecast period i.e. 2018-2027.
The market of Sprouts is segmented into distribution channels where online commerce is growing at a high rate and is owing to observe high growth during the forecast period. The Sprouts are segments are into various types among which beans are gaining popularity and is expected to lead the sprouts market among all other sprout types during the forecast period. The health benefits of the sprouts are adding high values in driving the sprouts market.
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Asia Pacific is attributed to be the leading sprouts market owing to its growing demand by increasing population for healthy food habits during the forecast period. The food habits are changing across the world, so as in North America where people are turning vegan owing to contribute towards a healthy diet including sprouts and thus, it is expected to be a high growing market during the forecast period. Latin America and Rest of the World are expected to drive the growth of the global sprouts market at a positive rate during the forecast period.
Steady Health Awareness
Sprouts are high in nutrition and enriched with protein, folate, magnesium, phosphorus and vitamins. The healthy diet of people nowadays has included sprouts as a major part of their diet owing to its fat free and less carb contents. The healthy food habits have contributed towards growth of the sprouts market. Additionally, they are known for blood sugar control and preventing various heart diseases. These various beneficial factors of sprouts are projected to flourish the sprouts market during the forecast period.
However, the sprouts require specific temperature and moisture conditions otherwise may degrade very easily. They are also vulnerable to cause food poisoning when consumed raw, thus creating a hindrance to the market growth further over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global Sprouts market which includes company profiling of SFM, Fuji Natural Foods, Van der Plas Sprouts, Jonathan Sprouts, NARITA FOODS. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Sprouts market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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