Global Buckwheat Market Outlook and Forecasted Analysis Through 2027

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on Buckwheat: Increased Adoption of Buckwheat to be Observed in the Cosmetics and Personal Care Industry in the Coming Decade” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Buckwheat Market have been elaborated upon in the research report.

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Buckwheat to be largely used in snacks in the food and beverage industry

According to this research report, the global buckwheat market is anticipated to grow at a moderate rate to reach a significant value by the end of the year of assessment. The buckwheat market has been experiencing steady growth during the 2012-2016 timeline. It is projected to grow at a value CAGR of 4.2% throughout the period of assessment, to reach a market value of around US$ 1.8 Bn by end of 2027 from a market valuation of about US$ 1.1 Bn in 2017. The research study portrays a complete picture of the global market for buckwheat and covers forecast analysis for a period of 10 years, starting from 2017 till 2027. Aspects such as increasing consumption of buckwheat in food and beverage sector, increasing innovations in food resulting in rising consumption of buckwheat, increasing consumer focus towards organic food and increasing need for gluten free products are expected to fuel the growth of the global market for buckwheat. Moreover, the “on-the-go consumption” pattern is increasing the traction of RTC (ready to cook) /RTE (ready to eat) healthy meals in the food industry. Multigrain wheat products are also witnessing rising demand due to the presence of multiple nutrients in a single diet. For instance, in the United States, buckwheat is gaining popularity in healthy diets and side dishes. Buckwheat, a highly nutritious product, requires very less cooking time, and no chemicals for processing. Thus, it becomes very compelling among health conscious consumers.

More than a billion dollar market for buckwheat to be observed only from the food and beverage industry

There are several end use areas of buckwheat, namely, food and beverage sector, animal feed industry and cosmetics and personal care sector. The food and beverage industry is expected to showcase high consumption of buckwheat as compared to other end use segments. The food and beverage segment is estimated to reach an estimate high than US$ 1 Bn by the end of the year of assessment. In addition, the food and beverage segment is expected to grow at a comparatively high value CAGR throughout the period of assessment.

Snacks to largely contribute to the growth of the parent segment

The application of buckwheat in the food and beverage sector is mainly into snacks, beverages and bakery products. Of these, the consumption or adoption of buckwheat in snacks is growing at a significant pace and expected to largely contribute to the growth of the parent industry. The snacks sub segment is poised to grow at a high value CAGR throughout the period of assessment and is estimated to touch a market valuation of more than US$ 485 Mn by the end of the year of assessment, thus pushing the growth of the parent segment. The use of buckwheat is also observed to reflect a potential growth trajectory in several bakery products. The bakery products sub segment is the second largest with respect to market value and attractiveness. Snacks and bakery products sub segments are expected to reflect high lucrativeness in global buckwheat market in the years to follow.

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Demand for buckwheat in animal feed to substantially grow by the end of the forecast period

Animal feed, one of the end use segments, is anticipated to grow at a substantial rate and reflect high market value by 2027 end. The animal feed segment is projected to expand at a CAGR of 3.7% throughout the forecast period to reach an estimate a little under US$ 400 Mn by the end of the year of assessment (2027).

Actionable Insights – A much needed value addition

The comprehensive research report on global buckwheat market provides valuable insights with weighted analysis. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Persistence Market Research aims at doing all the heavy lifting by providing unbiased insights which can be actioned by the research team thus supporting in achieving their research milestones.

The “why” to invest in this study

There are several reasons which reinforce the value of this research report, such as un-biasness in the research data collection, detailed and comprehensive and a weighted segmentation of the entire market, the key trends and developments taking place in the market, statistical analysis reaching maximum accuracy, global market forecasts which gives an idea about the future market scenario based on the current and the past market dynamics and assisting the reader in slating important strategies in order to maintain the right rhythm and overcome the challenges caused by the changing market dynamics to achieve competitive advantage.

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This release was published on openPR.