Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Natural Food & Drinks Market size is expected to reach $263.1 billion by 2028, rising at a Market growth of 10.8% CAGR during the forecast period.
The Natural Drinks segment is showcasing a CAGR of 12.6% during (2022 - 2028). The rising demand for natural drinks, due to their distinct flavor and significance in digestive health management, has aided in their sales success. In addition, the widespread availability of drinking yogurt in a variety of flavors has supported the Market expansion. The growing desire among consumers for nutritionally dense & convenient beverages that improve their overall health is propelling the dairy drinks industry forward.
The Paperboard segment acquired maximum revenue share in the Global Natural Food & Drinks Market by Packaging 2021, thereby, achieving a Market value of $106.7 billion by 2028. This happened due to its convenience & low manufacturing cost. Paperboards are considered as a healthy medium to contain and preserve food and drinks for long period.
The Online Retails segment has shown growth rate of 11.9% during (2022 - 2028). Businesses are gradually migrating from brick & mortar stores to e-commerce as a result of fast digitalization, expanding smartphone adoption, and increasing internet availability. Generations Y, Z, and Alpha have embraced the web channel as their favorite method of shopping. The appeal stems from the fact that these establishments are open 24 hours a day, seven days a week. One of the most profitable parts of the channel is the convenience with which its customers may shop while resting at home. Due to changing consumer preferences, online behemoths like Tesco.com, Amazon Prime Pantry, Walmart, Godrej Nature's Basket, Alibaba Honestbee, & Yihaodian are fast increasing.
The North America Market dominated the Global Natural Food & Drinks Market by Region 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $100.7 billion by 2028. The Europe Market is estimated to witness a CAGR of 10.6% during (2022 - 2028). Additionally, The Asia Pacific Market would witness a CAGR of 11.4% during (2022 - 2028).
The Market research report has exhaustive quantitative insights providing a clear picture of the Market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Market have been discussed in the report with the elaborated company profiles of Archer Daniels Midland Company, Conagra Brands, Inc., Nestle S.A., General Mills, Inc., The Hain Celestial Group, Inc., Dean Foods, Bunge Limited, and Amy's Kitchen, Inc
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