Global Buckwheat Market to Grow at 4.2% CAGR, Driven by Increasing Focus on Health and Wellness

Global demand for buckwheat continues to be influenced by rising preference for organic and natural food products, according to a new research study added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the study, the buckwheat market is likely to grow at a CAGR of 4.2% in terms of value. The 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” is a comprehensive source of information and analysis that offers in-depth analysis on the buckwheat market.

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According to the research study, demand for buckwheat continues to be driven by growing preference among consumers to increase their intake of proteins and fibers. Buckwheat is finding increasing applications in porridge and nutrition bars, and these factors are likely to provide an impetus to growth during the assessment period.

The fortunes of the buckwheat market are also witnessing an increase on account of growing preference for organic food. Consumers around the globe are prioritizing their dietary intake, and choosing the right foods. Consumers have a positive perception about buckwheat, and it is highly likely that the positive perception will be translated into increased revenues for end-users.

The research study has segmented the market on the basis of nature, form, end use, and region. According to the report, on the basis of nature, demand for conventional segment is likely to provide an impetus to growth during the assessment period. This segment is likely to remain dominant throughout the forecast period, and is likely to grow at a CAGR of over 4% during the assessment period.

By form, demand for groats continues to be higher than flour, and it is highly likely that the status quo will remain unchanged during the assessment period. However, the flour segment is also likely to witness steady growth over the course of the forecast period, and create lucrative opportunities for market players.

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On the basis of end use, food and beverage is likely to remain a leading end-use sector for buckwheat market. The food and beverage segment is likely to grow at a CAGR of 4.4% during the assessment period.

Highlighting the region-wise analysis in the market, the report finds that Eastern Europe is likely to remain one of the most lucrative markets for buckwheat. In addition to Eastern Europe, Middle East & Africa (MEA) is another lucrative market that is likely to offer a plethora of opportunities to manufacturers.

The research study also highlights the key company developments including the business and product strategies of some of the leading players in the market. Some of the key players identified by the report include Wilmar International Ltd., The Hain Celestial Group Inc., Galinta Ir Partneriai Uab, Homestead Organics Ltd., Archer-Daniels Midland Co., Skvyrskyi grain processing factory Ltd., Bob’s Red Mill Natural Foods Inc., Buckwheat Enterprises Pty Ltd., Hodgson Mill Inc., The Birkett Mills, Resurs LLC, Bio-Oz. Doves Farm Foods Ltd., Montana Milling Inc., Ceres Organics Limited and Windmill Organics Ltd.

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This release was published on openPR.