Wheatgrass Products Market Size – Global Demand, Growth, Opportunities And Analysis Of Top Key Player Forecast To 2027
Wheatgrass products are derived from the freshly sprouted leaves of the common wheat plant, Triticum aestivum. It has antioxidant, antibacterial, and anti-inflammatory properties. It assists in lowering cholesterol levels which lessens the risk of developing heart diseases. Moreover, the nutrients in the wheatgrass aid in removing impurities and stored toxins from the body. These health promoting attributes of the wheatgrass products is driving the growth of the market.
Based on product type, the global wheatgrass products market
has been segmented into wheatgrass juice, wheatgrass powder, and others. The
wheatgrass juice segment accounted for the maximum market share in 2017 due to
increased demand for functional beverages among the health-conscious
population. Growing fitness trend and gym-going population is supporting the
growth of wheatgrass juice market. However, wheatgrass powder is expected to
attain the highest CAGR during the forecast period. The longer shelf life of
the wheatgrass powder is estimated to be the primary driving factor for the
growth of this segment.
Wheatgrass
Products Market Size
The global market for wheatgrass products has also been
classified, by distribution channel, as store based and non-store based; with
store based segment being sub divided to supermarkets & hypermarkets,
convenience stores, and others. The store based segment is expected to dominate
the market wherein supermarkets & hypermarkets are expected to hold a
prominent share. However, the non-store based segment is expected to register
the highest CAGR during the forecast period. Large number of manufacturers are
focusing on online distribution channel through their own websites which is
projected to drive the growth of non-store based segment.
Regional Analysis:
On
the basis of region, the global wheatgrass products market has been segmented
by North America, Europe, Asia-Pacific, and RoW. North America is expected to
dominate the global wheatgrass products market owing to increased health conscious
population. Moreover, the growing demand for organic products, especially in
the US is expected to drive the organic wheatgrass products market. Europe is
also estimated to hold a prominent share in the global wheatgrass products
market with growing demand for functional food and beverages among the
consumers in this region.
Key Players:
Some
of the key players in the global wheatgrass products market are Navitas
Organics (US), Naturya (England), Bondi Wheatgrass Juice Company (Australia),
Pines International (US), Lifestream International Ltd (New Zealand), Synergy
Natural (Australia), Amazing Grass (US), Antler Farms (New Zealand), Organic
India (India), and Kapiva (India).
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