Buckwheat Market Report 2020-2025

1. Growing demand for gluten-free foods drives the Global Buckwheat Market Global Buckwheat Market foreseen to record a CAGR of 3% by 2025 Asia Pacific to register the significant growth in the Global Buckwheat Market Market overview: The Global Buckwheat Market was valued at USD 1.19 billion in 2020 and is projected to reach USD 1.39 billion by 2025, at a CAGR of 2.69% from 2020 to 2025. Buckwheat is a fruit grain used as a cover crop and is related to sorrel and rhubarb. It is a source of phosphorus, dietary fiber, magnesium, copper, manganese, etc. Buckwheat also includes flavonoids like quercetin and rutin, which play an important role in health promoting actions. Buckwheat is highly valued for its content in vitamins such as vitamin A, vitamin D and vitamin B12, vitamin B6, niacin, thiamine, etc. It is rich in proteins that contain the eight essential amino acids, including lysine. It is gluten-free and replaces wheat, oats, rye, and barley in healthy foods. Gallstone prevention, lowering the risk of high blood pressure, lowering cholesterol, lowering the risk of diabetes, preventing cardiovascular disease, asthma, etc., are the health benefits of buckwheat. Recent developments: In April 2016, ROS AGRO PLC (LSE: AGRO) announced its intention to acquire the buckwheat processing plant. The company won the buckwheat processing plant in public negotiations. Market Drivers and Restrains: The increasing demand for healthy and nutritious food products due to growing health awareness is rising the call for buckwheat in the beverage and cosmetics industry, and the growing demand for organic and gluten-free foods is driving the worldwide market. However, the decline in buckwheat production in recent years due to the availability of other means to improve soil fertility and the reported problems of allergic reactions to buckwheat products are holding back the growth of the market. The ability of buckwheat to treat varicose veins is the main driver of the expansion of world trade. Manufacturers looking to make their products visible to a broader consumer base and sell products on e-commerce platforms and

2. mobile applications and apply strong marketing strategies are currently a key trend observed in the market. This development is expected to gain popularity in the coming years and significantly drive growth in the global market. The decline in buckwheat production, the availability of quality compromised or adulterated buckwheat, and buckwheat as a potential allergen for some people are some of the factors that could slow down market growth. Also, high-quality buckwheat is expensive, which could also restrict the market. Also, to some extent, the market could be hampered by a lack of awareness about buckwheat, its benefits, and the availability of other superfoods. To know more read: https://www.marketdataforecast.com/market-reports/buckwheat-market Market Segmentation: The global Buckwheat market can be divided based on the Product, Application, Distribution Channel, and Nature. The conventional segment is expected to record a significant revenue share in the market today, due to its large-scale availability at profitable prices compared to organically grown buckwheat. However, organic segment revenue is expected to grow at a faster rate in the coming years, due to the increasing popularity of organic products and adoption by health- conscious people, and rising income levels. Among the products, the roasted buckwheat type segment is expected to record a large share of revenue as it is mostly preferred for home use, and the roasting process extends the shelf life of the product. The food segment is expected to represent a comparatively higher market share now and, in the years, to come. The revenue contribution of the beverage and cosmetics segments is expected to grow at an increasingly rapid rate over the next 10 years, due to the growing demand for cosmetics made with natural ingredients and healthy beverages.

3. The supermarkets/hypermarkets segment is estimated to have a higher market share due to the usual tendency to buy food at a one-stop shop. The segment of online sales channels is expected to experience a significant growth rate in the market, due to the increasing preference of customers to buy food in shopping applications, the strengthening of the network of distributors and suppliers and the growing number of players involved in online retail. Impact of COVID-19 on Buckwheat Market The spread of coronavirus has had a nominal effect on buckwheat production across the world. Since the buckwheat crop has been affected by the spread of coronavirus, this has affected the volume of citrus production. Additionally, demand is expected to increase and more ending inventory will be used for the 2019-20 season. Manufacturers in the buckwheat market face challenges in sourcing raw materials, as well as labor shortages at their manufacturing plants. Furthermore, the retail sector has also been hit hard by this pandemic, which affected buckwheat sales in the second quarter of 2020, which will see a recovery in the third and fourth quarters of 2020. Geographical Segmentation: The Asia Pacific buckwheat market (APAC) is estimated to have a large share in terms of market rate, due to the consumption of buckwheat and high production in the regions, especially China in this region. Raising awareness of the health benefits of consuming APAC buckwheat and multinational products, increasing income levels and willingness to spend on superfoods, as well as product availability on online channels are estimated to fuel the expansion of regional market to a large extent. The North American buckwheat market is expected to experience a high growth rate due to the growing preference for superfoods, the prevalence of various diseases and lifestyle disorders, and the ability to spend in the North American market. Key market players: Some of the major players in the buckwheat market include Jinan Jinnuoankang Biotech Co., Sichuan Huantai Industrial Co., Ltd., UA Global Inc., Ladoga LLC, Ningxia Newfield Foods Co.

4. Ltd., Krishna India, Wels Ltd., Galinta IR Partneriai, Birkett Mills, and Homestead Organics are among these. View sample and decide: https://www.marketdataforecast.com/market-reports/buckwheat-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast

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