Rise in Health-Conscious Population Anticipated to Drive Global Wheat Grass Powder Market
by Rati Ram Business DeveloperAccording to study, “Global
Wheat Grass Powder Market 2019 by Manufacturers, Regions, Type and
Application, Forecast to 2024” the key companies operating in the global wheat
grass powder market are Now Foods, Myprotein, Pines, Navitas Naturals, Naturya,
Amazing Grass, Urban Health, Wanshida Wheat Industry, Drberg, Bondi Wheatgrass
Juice Company, PINES International Inc., PINES International Inc., Easy
Pha-max, Synergy, Heappe, Girme's.The manufacturers are developing new wheatgrass
powder in various forms such as capsules and tablets that are easy to consume.
Key companies are also directing on developing new product innovation, based on
value-added constituents, to compete in the market.
Wheatgrass is a natural food source of nutrients
including minerals, vitamins, and the green plant pigment chlorophyll. Wheat grass
powder is a product obtained from parching the extracted juice of wheat grass
and sold as a dietary supplement. For some health enthusiasts, it is valued for
its dietary or nutritional benefits as it contains high levels of
beta-carotene, B vitamins, amino acids, and fiber. It is also apparent to
possess antibacterial & restorative properties that help to detoxify the
body.
The key benefits are included lowering the cholesterol & blood pressure of the body, boosting the immunity, helping with diabetes, arthritis etc. Apart from this, few of the side-effects are nausea, headache, digestive discomfort, constipation, allergic reactions, fever or swelling of the throat.
Based on nature, wheat grass powder market is
segmented into organic and natural or organic. Organic segment holds major
share in market owing to increase in organic wheatgrass products. Based on
packaging, market is segmented into bottles, pouches, sachets and tins. Based
on nutrients, market is segmented into enzymes, vitamin A, C, E, K and B
complex, calcium, iron, and phytonutrients. Based on distribution channel,
market is segmented into indirect, direct, specialty store, online retailers
and hypermarkets & supermarkets. In addition, based on end-use, market is
segmented into nutraceuticals, industrial, household, personal care cosmetics,
functional beverages, and pet food.
The wheat grass powder market is driven by growth in
awareness regarding the increasing prevalence of lifestyle diseases, followed
by improvement in living standards of majority of the population, rise in
disposable income levels, increase in food & beverage industry,improvement
in supply chain for strengthen the distribution network and new product
developments.However, side-effects associated with wheatgrass powder may impact
the market. Moreover, rise in consumption of nutrients is a key opportunity for
market.
Based on geography, the North-American region holds
major share inwheat grass powder market owing torise in health-conscious
population and their inclination towards functional food & beverages in the
region. The Asian-Pacific and European regions are projected to register the
highest CAGR due to growth in
demand for wheatgrass supplements and increase in awareness for
wheatgrass products among the consumers over the forecast period.In upcoming
years, it is estimated that future of the market will be bright as a result of
growth in demand for organic food products during the forecast period. The
global market is projected to grow at a CAGR of approximately 4.3% over the
next five years, will reach US $27 million in 2024, from US $21 million in
2019.
For more information on the research
report, refer to below link:-
Global Wheat Grass Powder Market
Related
Reports:-
Global
Wheat Grass Powder Market Analysis 2013-2018 and Forecast 2019-2024
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Created on Jan 27th 2020 02:59. Viewed 220 times.