Market Overview :

The global ice cream market size was valued at USD 76.11 billion in 2023 and is projected to grow from USD 79.08 billion in 2024 to USD 132.32 billion by 2032, exhibiting a CAGR of 6.65% during the forecast period. Moreover, the ice cream market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 28.56 billion by 2032, driven by high demand for frozen dairy desserts and the rising number of fast food chains and restaurants in the country. Asia Pacific dominated the ice cream market with a market share of 32.82% in 2023.

List of Key Players Profiled in the Report

• Nestle S.A. (Switzerland)
• Unilever Group (U.K.)
• General Mills (U.S.)
• Amul (India)
• Dunkin Brands (U.S.)
• Blue Bell Creameries (U.S.)
• Dairy Queen (U.S.)
• Dairy Farmers of America, Inc. (U.S.)
• Cold Stone Creamery (U.S.)
• CAMAL Ltd Company (Azerbaijan)

Segments:

By Type, Impulse Segment to Record Fastest CAGR during 2024-2032

Based on type, the market is bifurcated into impulse and take-home. The impulse segment dominated the market share in 2021, owing to the rising popularity of conveniently packaged products among consumers. On the other hand, the take-home segment will record notable growth through 2032.

By Flavor, Vanilla Segment to Capture Maximum Share through 2032

In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2024-2032, led by the increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

By Packaging, Cup Segment to Exhibit Stellar Growth over 2024-2032

On the basis of packaging, the market is segmented into cup, stick, cone, tub, brick, and others. The cup segment is anticipated to capture the dominant market share till 2032, led by the tremendous popularity of cup ice creams. The convenience associated with this type of packaging makes it extremely popular among consumers.

By Distribution Channel, Online Retailer Segment to Gain Traction through 2032

According to the distribution channel, the market is segregated into ice cream parlor, supermarket/hypermarket, online retailer, and others. Among these, the online retailer segment is projected to grow substantially owing to the growing trend of home delivery. The ease of convenience of online ordering will drive the growth of this segment.

Source: https://www.fortunebusinessinsights.com/ice-cream-market-104847

Report Coverage:

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints :

Increasing Product Innovation to Drive Market Growth

While traditional ice cream is rich in nutrients, it offers limited health benefits. As a result, market players are increasingly exploring fortification and the inclusion of health-promoting ingredients to position ice cream as a more appealing, nutritious snack. Functional foods offer benefits beyond basic nutrition and may help lower the risk of certain diseases. The growing production and consumption of fortified or functional products are expected to drive the expansion of the ice cream market in the coming years.
However, factors such as limited shelf life and seasonal demand may pose challenges to consistent product consumption. 

Regional Insights :

Asia Pacific to Dominate Market Share, led by Increasing Disposable Income

Asia Pacific dominated the ice cream market share in 2021 and is expected to grow at a 5.63% CAGR over the forecast period. Fast food's growing popularity, increased disposable income, rapid urbanization, and the influence of Western cuisine and culture have all boosted product consumption throughout Asia Pacific.

North America is expected to capture the second-largest share of the market. The growing number of fast-food chains in the region and the widespread use of natural ingredients in the creation of frozen dairy products are pushing the consumption.

The European market has evolved as major corporations have adjusted their product portfolios in response to consumer interest and demand. 

Competitive Landscape:

Market Players Focus on New Product Development and Launches to Strengthen Position

Leading companies, such as Nestle S.A., Unilever Group, and General Mills, are focusing on new product launches and collaborative ventures with key stakeholders for portfolio expansion and product marketing. For example, Unilever Group announced the launch of the Double Red Velvet variation under its Magnum brand in January 2021.

Key Industry Development:

February 2024:  Unilever partnered with leading precision fermentation innovator Perfect Day to launch Breyers Lactose-Free Chocolate, which is composed of Perfect Day's dairy protein from fermentation in the U.S.

Market Overview -

The global tequila market size was valued at USD 11.04 billion in 2023 and is projected to grow from USD 11.69 billion in 2024 to USD 18.58 billion by 2032, exhibiting a CAGR of 5.97% during the forecast period. North America dominated the tequila market with a market share of 62.14% in 2023.

 Tequila is a distilled spirit from Mexico made from the juices of the Weber blue agave plant. According to the International Wine and Spirit Research (IWSR), blue agave plant distilled beverage has been the category's second-fastest-growing spirit in recent years, says Fortune Business Insights ^TM in its report titled, “Tequila Market, 2024-2032”.

List of Key Market Players:

• Pernod Ricard S.A. (France)
• Diageo Plc (U.K.)
• Bacardi Limited (Bermuda)
• Suntory Holdings Limited (Japan)
• Heaven Hill Distilleries, Inc. (U.S.)
• Campari Group (Italy)
• Sazerac Company Inc. (U.S.)
• Brown-Forman Corporation (U.S.)
• Casa Aceves (México)
• Constellation Brands, Inc. (U.S.)

Segmentation-

By Type, Blanco to Account for Major Market Share 

On the basis of type, the market is divided into blanco, reposado, anejo, and others. Blanco variants account for a sizable portion due to their earthy, semi-sweet, distinct agave flavor. Its smoother taste and wide availability result in widespread consumption. The widespread use of blanco variants in various cocktails such as margaritas and Palomas contributes to the market's dominance.

By Grade, Premium Variant to be Leading Segment

The premium variant will lead the tequila market share as consumers demand high-quality craft spirits. The premium-grade spirit combines desirable characteristics that consumers value, such as sensory appeal, mouthfeel, and texture. The demand for such luxury spirit variants is primarily driven by millennials and young adults.

By Distribution Channel, On-Trade Sales to be the Major Distribution Channel

The on-trade sales channel is one of the most prominent alcohol sales channels, and it is expected to dominate the market share. Consumers prefer quick servings, entertainment, and ambiance in developed economies, driving on-trade sales. However, the off-trade channel is expanding rapidly because purchasing alcohol from supermarkets, and brick-and-mortar stores is much more cost-effective.

Geographically, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Report Coverage-

The market research report contains both qualitative and quantitative information about the market. It also provides a detailed analysis of the market size and growth rate for all possible market segments. The key insights presented in the tequila market report are an overview of related markets, recent industry developments such as mergers and acquisitions, the regulatory scenario in critical countries, and key industry trends.

Source: https://www.fortunebusinessinsights.com/tequila-market-104172

Drivers & Restraints-

Market Growth is driven by Consumers' interest in New Flavors and Exotic Tastes

One of the major factors driving demand for blue agave plant-based distilled spirits is the growing popularity of various artisanal spirits among consumers worldwide. Consumers worldwide want fresh and delicious exotic drinks with a distinct flavor, propelling the market growth. However, in recent years, as we have seen an increase in spirits consumption, particularly in developing regions, developed countries have predicted a shift in consumer preferences toward low and no alcoholic beverages. Their growing awareness of the negative effects of alcohol consumption has led them to seek out low or no alcohol drinks that taste just like alcoholic beverages but without the negative consequences. This factor may impede the tequila market growth.

Regional Insights-

North America Held the Dominant Position in the Market

North America dominated the market in 2021, with a market value of USD 6.09 billion. This is due to a growing consumer preference for agave-based spirits in the U.S. and Mexico. According to the Distilled Spirits Council of the U.S., agave-based spirits sales will increase 30.1% to USD 5.2 billion in 2021.

The European market is expected to grow significantly due to the increasing popularity of artisanal spirits in Germany, Spain, and the U.K. with its craftsmanship, heritage, and protected status, tequila is well-positioned to benefit from the region's popularity of craft spirits, where more drinkers are looking to 'drink better and turning to premium brands.

In the Asia Pacific, the spirit has gained popularity among consumers, particularly millennials in China and Australia. Increased imports and consumers seeking quality over quantity and preferring small-batch spirits have fueled the market growth.

Alcohol consumption is increasing in Latin American countries such as Brazil and Argentina, which will likely contribute to the region's overall performance. Premiumization and innovation trends in white spirits are observed in the Middle East and Africa, supporting tequila market growth.

Competitive Landscape-

To Remain Competitive, Companies Need to Introduce New Variants

Due to the product's extensive production in Mexico and the United States, the market is moderately consolidated. Along with this, prominent players are innovating and launching products worldwide. Companies like Bacardi & Company Ltd., Diageo Plc, and Pernod Ricard S.A. focus on new product development and increasing exports to diversify their product portfolio and maintain a competitive advantage.

Notable Industry Development-

February 2022: Avión Reserva Cristalino Tequila has been added to Pernod Ricard's Avión portfolio. The company has created a product that honors every step of its production process from field to bottle, highlighting the uniqueness of its terroir, the character of agave, the purity of distillation, and the delicate relationship with wood during aging.

Report Overview

The global eggs market was valued at USD 150.83 billion in 2024. It is expected to grow from USD 158.81 billion in 2025 to USD 222.86 billion by 2032, with a CAGR of 4.96% during the forecast period. The U.S. eggs market is projected to expand significantly, reaching an estimated USD 24.81 billion by 2032, driven by increasing demand for healthy protein sources. Asia Pacific led the market in 2024, holding a 59.56% share.

The eggs market has been evolving and adapting to new PETA-friendly methods due to the rapidly changing consumer base. Different types of eggs, including organic, cage-free, and free-range, are gaining prominence in the market. The nutritional benefits associated with eggs have significantly increased their consumption rate globally, and are expected to drive market growth during the forecast period.

Fortune Business Insights presents this information in their report titled  “ Eggs Market, 2025-2032 .”

List of Key Players Present in the Report :

• Cal-Maine Foods, Inc. (U.S.)
• Rose Acre Farms Inc. (U.S.)
• Hillandale Farms (U.S.)
• Versova Holdings LLP (U.S.)
• Daybreak Foods (U.S.)
• CP Group (Thailand)
• Beijing Dequingyuan Agricultural Technology Co. Ltd. (China)
• Ise Inc. (Japan)
• Arab Company of Livestock Development (ACOUD) (Saudi Arabia)
• Gemperle Family Farms (U.S.)

Segments:

Conventional Eggs Maintain Market Leadership, Fueled by Production Efficiency and Widespread Availability

By product type, the market is segmented into conventional, cage-free, organic, and free-range. The conventional segment is projected to hold a significant market share during the forecast period. The growth is attributed to the high availability of conventional eggs, resulting from their increased production rate.

Easy Accessibility and Hypermarket Convenience Propel Retail Segment's Share

The market is segmented into two main categories: food service and retail, which includes large supermarkets, hypermarkets, grocery shops, online retailers, and more. It is projected that the retail category will dominate the market throughout the forecast period, primarily because grocery stores are easily accessible. Additionally, the increasing convenience offered by large supermarkets and hypermarkets will contribute to the growth of this category.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, the Middle East, and Africa.

Source: https://www.fortunebusinessinsights.com/eggs-market-108483

Report Coverage

The report highlights the main reasons behind market growth, the challenges it faces, opportunities for expansion, and potential obstacles. It provides an in-depth look at regional developments, lists major industry players, and explains their key strategies. It also covers the latest industry news, including new product launches, partnerships, mergers, and acquisitions.

Eggs Market Future Outlook

• Growing Demand: The global demand for eggs is expected to rise. This trend is driven by a growing population and increasing health consciousness among consumers.

• Sustainability Practices: More farms are adopting sustainable practices. This shift will likely appeal to eco-conscious buyers and could boost market growth.

• Innovative Products: The market is seeing an increase in innovative egg products. Examples include organic, free-range, and fortified eggs, catering to diverse consumer preferences.

• Technological Advancements: Advances in farming technology may improve production efficiency. This can lead to lower costs and potentially higher profit margins for producers.

Drivers & Restraints

Market Flourishes as Health Awareness Spurs Consumption and Government Backing Boosts Growth

Since the pandemic, egg consumption has increased across various demographic groups, driven by a heightened focus on health and nutritious diets. Government campaigns promoting the health benefits of eggs have also played a key role in fueling this market growth.

However, rising global temperatures caused by climate change are expected to negatively impact egg production worldwide, posing a potential challenge to the market's continued expansion.

Regional Insights

Asia Pacific Takes the Lead as China and India Steer Consumption and Production Trends

Asia Pacific holds the largest eggs market share and is anticipated to continue its dominance during the projected period. The growth in the region can be attributed to the high consumption rate of eggs in India, China, and Japan, with China and India being prominent egg producers.

North America is also estimated to hold a major share of the market due to increased egg consumption in North American countries, including Mexico and the U.S.

Market Trends and Insights

In recent years, the egg market has experienced several significant trends influencing consumer preferences and purchasing behavior. One prominent trend is the increasing demand for organic and free-range eggs, driven by consumers' growing concerns about sustainability and animal welfare. In response, many egg producers have broadened their offerings to include these products, catering to this expanding segment.

Another noteworthy development is the rise of specialty eggs, such as omega-3 enriched and pasteurized eggs. These options provide added health benefits and enhanced food safety, attracting consumers seeking premium-quality products. Additionally, innovations in packaging technology have improved convenience in accessing and storing eggs, further contributing to the market's growth.

Competitive Landscape

Increasing Technological Investments by Key Players to Propel Market Growth

Major companies in the market, such as Cal-Maine Foods, Hillandale Farms, and Rose Acre Farms, are heavily investing in new technologies to improve the production of organic eggs. These efforts are anticipated to drive market growth in the coming years.

KEY INDUSTRY DEVELOPMENTS:

June 2022:  ISE Food Inc., one of the leading egg producers in Japan, announced its expansion into the Indian market by launching its products in several retail channels in India. The launch aims to cater to the growing Indian egg market.

Report Overview:

The global pasta market size was valued at USD 71.50 billion in 2024. The market is projected to grow from USD 75.50 billion in 2025 to USD 108.67 billion by 2032, exhibiting a CAGR of 5.34% during the forecast period. Europe dominated the pasta market with a market share of 16.8% in 2024.

Pasta is a largely consumed, easy-to-make, and affordable food product. The increasing and regular evolution of pasta propels the pasta market growth during the forecast period. The rising demand for instant food products, such as pasta and Western food culture adoption, is driving the market growth during the forecast period.

Fortune Business Insights™  mentioned this in a report titled “ Pasta Market, 2025-2032 .”

List of Key Players Present in the Report :

• Barilla G. e R. F.lli S.p.A. (Italy)
• Ebro Foods, S.A. (Spain)
• CAMPBELL SOUP COMPANY (U.S.)
• TreeHouse Foods, Inc. (U.S.)s
• Unilever (U.K.)
• The Kraft Heinz Company (U.S.)
• BORGES INTERNATIONAL GROUP (Spain)
• Nestlé (Switzerland)
• F.lli De Cecco di Filippo S.p.A (Italy)
• Armanino Foods of Distinction (U.S.)

Report Coverage:

The research report presents a comprehensive analysis of the market, emphasizing critical elements such as the competitive landscape, product categories, raw materials, and distribution channels. It also explores emerging market trends and highlights significant industry developments. Furthermore, the report outlines various factors that have driven market growth in recent years.

Source: https://www.fortunebusinessinsights.com/pasta-market-102284

Segments:

Rising Dried Products Consumption to Propel Segment Growth

By product type, the market is segmented into dried, chilled, and canned. The dried segment is expected to dominate the market during the forecast period. The segment's growth is attributed to increasing consumption of dried products globally. The shelf life of dried products is also more than chilled and canned products.

Rising Need for Wheat Products to Boost Segment Growth

Based on raw material, the market is classified into wheat and gluten-free. The wheat segment is estimated to dominate the market during the forecast period due to the increasing need for wheat products globally. The availability of products in different shapes and sizes also drives segment growth during the forecast period.

Growing Accessibility of Products to Drive Segment Growth for Supermarkets/Hypermarkets

By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, online stores, and others. The supermarkets/hypermarkets will dominate the market during the forecast period owing to increasing availability and convenience of choosing products from various options.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, the Middle East & Africa.

Drivers & Restraints:

Rising Consumer Interest in Western Cuisine to Propel Market Growth

The pasta market is projected to experience growth over the forecast period, fueled by the rising popularity of Western cuisine in Asian countries. The post-pandemic trend of experimenting with diverse and creative recipes is also expected to play a key role in driving demand. Moreover, the increased pasta consumption observed in countries like France, Germany, the U.S., and Italy during the pandemic has further supported the market’s expansion.

Market Trends and Innovations:

The pasta market is constantly evolving, with manufacturers introducing new flavors, shapes, and ingredients to cater to changing consumer preferences. From artisanal pasta made with ancient grains to innovative plant-based options, there is a pasta variety for every palate. In addition, the rise of online shopping has made it easier than ever to access a wide range of pasta products from around the world.

Regional Insights:

Growing Demand for Product to Boost Market Growth in Europe

Europe is estimated to hold the largest pasta market share during the forecast period. The growth is attributed to the increasing product demand in the region. Europe will also be the dominating region due to the launch of new varieties of gluten-free products in various shapes and forms.

Asia Pacific is expected to have the fastest growth rate during the forecast period due to the rising adoption of Western diets in the region.

Competitive Landscape:

Rising New Product Launches to Aid Market Growth

Key players in the market include Ebro Foods, S.A., Barilla G.e.R. F.lli S.p.A., and the Campbell Soup Company. These leading companies are actively launching new products to strengthen their market presence. In response to growing consumer demand for healthier options, many are focusing on developing gluten-free offerings to appeal to health-conscious consumers.

The Future Outlook of the Pasta Market: Trends & Growth

Pasta has been a cornerstone of global cuisine for generations, but what lies ahead for this timeless favourite? As we look toward 2024 and beyond, emerging trends and innovations are beginning to redefine the pasta industry. In this blog post, we’ll dive into the key drivers behind the market’s growth, the increasing popularity of alternative pasta options, and the shifting preferences of today’s consumers.

Current State of the Pasta Market

In recent years, the global pasta market has experienced a significant boom. Valued at approximately USD 73 billion in 2022, it is projected to grow at a CAGR of around 3.5% from 2023 to 2030. The rise in demand for convenient, ready-to-eat meals, the increasing popularity of Italian cuisine, and the growing health-conscious consumer base are all contributing to this growth.

Key Factors Influencing Growth

1. Health Trends : As consumers become more health-conscious, demand for whole grain, gluten-free, and high-protein pasta is rising. Brands are innovating to offer healthier alternatives to traditional pasta, aligning with the wellness trend.
2. Convenience : The busy lifestyles of modern consumers have fueled a growing demand for convenient meal options. Pasta, with products like microwaveable cups and pre-cooked varieties, perfectly meets this need.
3. Sustainability : With a stronger focus on sustainability, many pasta manufacturers are adopting eco-friendly packaging and sourcing ingredients from sustainable farms. This not only attracts environmentally conscious consumers but also helps brands stand out in a competitive market.

Notable Industry Development:

February 2023 –  Nuovo Pasta Production, one of the leading artisan pasta companies, announced the launch of its new plant-based product range, including a ravioli collection and fresh organic pasta products, at the Natural Products Expo West 2023.

Market Overview :

The global ice cream market size was valued at USD 76.11 billion in 2023 and is projected to grow from USD 79.08 billion in 2024 to USD 132.32 billion by 2032, exhibiting a CAGR of 6.65% during the forecast period. Moreover, the ice cream market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 28.56 billion by 2032, driven by high demand for frozen dairy desserts and the rising number of fast food chains and restaurants in the country. Asia Pacific dominated the ice cream market with a market share of 32.82% in 2023.

List of Key Players Profiled in the Report

• Nestle S.A. (Switzerland)
• Unilever Group (U.K.)
• General Mills (U.S.)
• Amul (India)
• Dunkin Brands (U.S.)
• Blue Bell Creameries (U.S.)
• Dairy Queen (U.S.)
• Dairy Farmers of America, Inc. (U.S.)
• Cold Stone Creamery (U.S.)
• CAMAL Ltd Company (Azerbaijan)

Segments:

By Type, Impulse Segment to Record Fastest CAGR during 2024-2032

Based on type, the market is bifurcated into impulse and take-home. The impulse segment dominated the market share in 2021, owing to the rising popularity of conveniently packaged products among consumers. On the other hand, the take-home segment will record notable growth through 2032.

By Flavor, Vanilla Segment to Capture Maximum Share through 2032

In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2024-2032, led by the increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

By Packaging, Cup Segment to Exhibit Stellar Growth over 2024-2032

On the basis of packaging, the market is segmented into cup, stick, cone, tub, brick, and others. The cup segment is anticipated to capture the dominant market share till 2032, led by the tremendous popularity of cup ice creams. The convenience associated with this type of packaging makes it extremely popular among consumers.

By Distribution Channel, Online Retailer Segment to Gain Traction through 2032

According to the distribution channel, the market is segregated into ice cream parlor, supermarket/hypermarket, online retailer, and others. Among these, the online retailer segment is projected to grow substantially owing to the growing trend of home delivery. The ease of convenience of online ordering will drive the growth of this segment.

Source: https://www.fortunebusinessinsights.com/ice-cream-market-104847

Report Coverage:

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints :

Increasing Product Innovation to Drive Market Growth

While traditional ice cream is rich in nutrients, it offers limited health benefits. As a result, market players are increasingly exploring fortification and the inclusion of health-promoting ingredients to position ice cream as a more appealing, nutritious snack. Functional foods offer benefits beyond basic nutrition and may help lower the risk of certain diseases. The growing production and consumption of fortified or functional products are expected to drive the expansion of the ice cream market in the coming years.
However, factors such as limited shelf life and seasonal demand may pose challenges to consistent product consumption. 

Regional Insights :

Asia Pacific to Dominate Market Share, led by Increasing Disposable Income

Asia Pacific dominated the ice cream market share in 2021 and is expected to grow at a 5.63% CAGR over the forecast period. Fast food's growing popularity, increased disposable income, rapid urbanization, and the influence of Western cuisine and culture have all boosted product consumption throughout Asia Pacific.

North America is expected to capture the second-largest share of the market. The growing number of fast-food chains in the region and the widespread use of natural ingredients in the creation of frozen dairy products are pushing the consumption.

The European market has evolved as major corporations have adjusted their product portfolios in response to consumer interest and demand. 

Competitive Landscape:

Market Players Focus on New Product Development and Launches to Strengthen Position

Leading companies, such as Nestle S.A., Unilever Group, and General Mills, are focusing on new product launches and collaborative ventures with key stakeholders for portfolio expansion and product marketing. For example, Unilever Group announced the launch of the Double Red Velvet variation under its Magnum brand in January 2021.

Key Industry Development:

February 2024:  Unilever partnered with leading precision fermentation innovator Perfect Day to launch Breyers Lactose-Free Chocolate, which is composed of Perfect Day's dairy protein from fermentation in the U.S.

Market Overview -

The global tequila market size was valued at USD 11.04 billion in 2023 and is projected to grow from USD 11.69 billion in 2024 to USD 18.58 billion by 2032, exhibiting a CAGR of 5.97% during the forecast period. North America dominated the tequila market with a market share of 62.14% in 2023.

 Tequila is a distilled spirit from Mexico made from the juices of the Weber blue agave plant. According to the International Wine and Spirit Research (IWSR), blue agave plant distilled beverage has been the category's second-fastest-growing spirit in recent years, says Fortune Business Insights ^TM in its report titled, “Tequila Market, 2024-2032”.

List of Key Market Players:

• Pernod Ricard S.A. (France)
• Diageo Plc (U.K.)
• Bacardi Limited (Bermuda)
• Suntory Holdings Limited (Japan)
• Heaven Hill Distilleries, Inc. (U.S.)
• Campari Group (Italy)
• Sazerac Company Inc. (U.S.)
• Brown-Forman Corporation (U.S.)
• Casa Aceves (México)
• Constellation Brands, Inc. (U.S.)

Segmentation-

By Type, Blanco to Account for Major Market Share 

On the basis of type, the market is divided into blanco, reposado, anejo, and others. Blanco variants account for a sizable portion due to their earthy, semi-sweet, distinct agave flavor. Its smoother taste and wide availability result in widespread consumption. The widespread use of blanco variants in various cocktails such as margaritas and Palomas contributes to the market's dominance.

By Grade, Premium Variant to be Leading Segment

The premium variant will lead the tequila market share as consumers demand high-quality craft spirits. The premium-grade spirit combines desirable characteristics that consumers value, such as sensory appeal, mouthfeel, and texture. The demand for such luxury spirit variants is primarily driven by millennials and young adults.

By Distribution Channel, On-Trade Sales to be the Major Distribution Channel

The on-trade sales channel is one of the most prominent alcohol sales channels, and it is expected to dominate the market share. Consumers prefer quick servings, entertainment, and ambiance in developed economies, driving on-trade sales. However, the off-trade channel is expanding rapidly because purchasing alcohol from supermarkets, and brick-and-mortar stores is much more cost-effective.

Geographically, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Report Coverage-

The market research report contains both qualitative and quantitative information about the market. It also provides a detailed analysis of the market size and growth rate for all possible market segments. The key insights presented in the tequila market report are an overview of related markets, recent industry developments such as mergers and acquisitions, the regulatory scenario in critical countries, and key industry trends.

Source: https://www.fortunebusinessinsights.com/tequila-market-104172

Drivers & Restraints-

Market Growth is driven by Consumers' interest in New Flavors and Exotic Tastes

One of the major factors driving demand for blue agave plant-based distilled spirits is the growing popularity of various artisanal spirits among consumers worldwide. Consumers worldwide want fresh and delicious exotic drinks with a distinct flavor, propelling the market growth. However, in recent years, as we have seen an increase in spirits consumption, particularly in developing regions, developed countries have predicted a shift in consumer preferences toward low and no alcoholic beverages. Their growing awareness of the negative effects of alcohol consumption has led them to seek out low or no alcohol drinks that taste just like alcoholic beverages but without the negative consequences. This factor may impede the tequila market growth.

Regional Insights-

North America Held the Dominant Position in the Market

North America dominated the market in 2021, with a market value of USD 6.09 billion. This is due to a growing consumer preference for agave-based spirits in the U.S. and Mexico. According to the Distilled Spirits Council of the U.S., agave-based spirits sales will increase 30.1% to USD 5.2 billion in 2021.

The European market is expected to grow significantly due to the increasing popularity of artisanal spirits in Germany, Spain, and the U.K. with its craftsmanship, heritage, and protected status, tequila is well-positioned to benefit from the region's popularity of craft spirits, where more drinkers are looking to 'drink better and turning to premium brands.

In the Asia Pacific, the spirit has gained popularity among consumers, particularly millennials in China and Australia. Increased imports and consumers seeking quality over quantity and preferring small-batch spirits have fueled the market growth.

Alcohol consumption is increasing in Latin American countries such as Brazil and Argentina, which will likely contribute to the region's overall performance. Premiumization and innovation trends in white spirits are observed in the Middle East and Africa, supporting tequila market growth.

Competitive Landscape-

To Remain Competitive, Companies Need to Introduce New Variants

Due to the product's extensive production in Mexico and the United States, the market is moderately consolidated. Along with this, prominent players are innovating and launching products worldwide. Companies like Bacardi & Company Ltd., Diageo Plc, and Pernod Ricard S.A. focus on new product development and increasing exports to diversify their product portfolio and maintain a competitive advantage.

Notable Industry Development-

February 2022: Avión Reserva Cristalino Tequila has been added to Pernod Ricard's Avión portfolio. The company has created a product that honors every step of its production process from field to bottle, highlighting the uniqueness of its terroir, the character of agave, the purity of distillation, and the delicate relationship with wood during aging.

Market Overview

The global North America sugar free chocolate market size is expected to touch USD 391.8 million by 2028, exhibiting a CAGR of 5.42% during the forecast period. The market value stood at USD 242.0 million in 2020 and reached USD 270.7 million in 2021. Increasing health awareness and rising cases of diabetes globally are expected to boost the market growth.  Fortune Business Insights™  mentions this information in its report titled “ Sugar Free Chocolate Market, 2021-2028. ”

Sugar free chocolate is a healthier and low-calorie snack with antioxidants, increasing its demand. Rising awareness regarding good health led to the adoption of healthier snacks, thereby increasing the adoption of sugar-free chocolates. Rising per-capita income and evolving buying preferences led to the adoption of healthy food alternatives in North America, which, in turn, may boost the product’s sales. Furthermore, rising cases of diabetes lead to the adoption of sugar-free food, which in turn may positively impact the industry. As per the International Diabetes Federation, nearly 463 million adults suffer from diabetes, which is expected to spike drastically. Therefore, these factors are likely to spike the market’s progress in the upcoming years.

List of Key Players Profiled in the North America Sugar Free Chocolate Market Report

• The Hershey Company (Pennsylvania, U.S.)
• Ferrero SpA (Alba, Italy)
• Chocoladefabriken Lindt & Sprüngli AG (Kilchberg, Switzerland)
• Godiva Chocolatier (Midtown Manhattan, U.S.)
• KOHLER Co. (Wisconsin, U.S.)
• Jackie’s Chocolate (Wisconsin, U.S.)
• Pascha Chocolate (Toronto, Canada)
• Pobeda Confectionery Ltd. (Moscow, Russia)
• Asher's Chocolate Company (Pennsylvania, U.S.)
• Barry Callebaut AG (Zürich, Switzerland)

Segments

By product type, the market is segmented into white chocolate, dark chocolate, and milk chocolate.

By distributional channel, it is classified into online retail, convenience stores, specialty stores, and supermarkets/hypermarkets. By country, it is grouped into U.S., Canada, and Mexico.

Report Coverage

The North America sugar free chocolate sector report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Source: https://www.fortunebusinessinsights.com/north-america-sugar-free-chocolate-market-106285

Drivers and Restraints

Rising Awareness Regarding the Benefits of Sugar-Free Chocolates to Incite Market Growth

Rising shift to healthier foods, rising per-capita income, and evolving preferences fuel demand for healthier food products. Rising trends of healthy snacking have led to the adoption of sugar free chocolates, which, in turn, may propel sales. Manufacturers focus on the development of products that adhere to consumers’ demands. For example, As per the International Food Information Council's Food and Health Survey in 2020, approximately 76% of U.S. consumers look forward to eliminating sugar intake from their diets. Furthermore, incorporating the product in muffins, puddings, cakes, and others is expected to boost sugar-free chocolate. These factors are likely to drive the North America sugar free chocolate market growth.

However, higher production and raw material costs may hinder the market’s progress.

Country Insights

High Chocolate Consumption Among the U.S. Population to Foster Market Development in U.S.

U.S. is expected to dominate the North America sugar free chocolate market share because of the rising consumption of chocolates in the U.S. Rising obesity is expected to boost the adoption of chocolate in the country. As per the information provided by the Centers for Disease Control and Prevention (CDC), diabetes cases touched 42.4% in 2018 compared to 30.5% in 2000.

Canada is expected to be driven by the consumption of locally produced premium chocolates. Further, in Toronto, approximately 20 chocolatiers aim to differentiate their product range. In addition, festivals such as Christmas, Thanksgiving, Easter, and others are likely to boost sugar free chocolate adoption.

Competitive Landscape

Major Players Launch Novel Products to Boost Market Position

Prominent companies operating in the North America sugar free chocolate sector sector launch novel products to attract consumers and boost their market position. For example, in June 2021, Russel Stover Chocolates, a brand owned by Lindt & Sprungli AG, announced its Joy Bites chocolate bars. It is a sugar free chocolate made from Fairtrade cocoa and sweetened using stevia extract. This launch may enable the company to attract consumers and boost its market position. Furthermore, the adoption of research and development may enable manufacturers to develop innovative chocolates with flavors to attract consumers’ attention and improve their brand image.

Industry Development

• July 2021:  Kohler Co., a leading organization in the North America sugar free chocolate sector announced their latest handmade and sugar free chocolate containing enhanced cocoa and premium ingredients. The flavors are available in nine, four, and two pieces and are extremely healthy.

Market Overview:

The China halal food & beverage products market size was valued at USD 77.71 billion in 2024. The market is projected to grow from USD 85.95 billion in 2025 to USD 217.10 billion by 2034, exhibiting a growth at a CAGR of 10.84% during the forecast period.

Halal food and beverages refer to products certified as permissible under Islamic law by recognized bodies such as the China Islamic Association, Linxia Halal Food Certification Centre, and ARA Halal Certification Services Center Inc. The growing Muslim population in China is playing a key role in driving demand for such products.

Market growth is further supported by increasing efforts from companies to obtain recognized food quality and Halal certifications. The rising popularity of Halal-certified goods among both Muslim and non-Muslim consumers, along with a surge in product launches and global brands entering the Chinese market, continues to boost industry expansion. Leading players in the sector include Yili Group, China Mengniu Dairy Company Limited, Shandong Grasshome Halal Food Co., Ltd., Hebei Kangyuan Halal Food Co., Ltd., and Qingdao Alliance Food Corporation.

LIST OF KEY CHINA HALAL FOOD & BEVERAGE PRODUCT COMPANIES PROFILED:

• Yili Group (China)
• China Mengniu Dairy Company Limited (China)
• Shandong Grasshome Halal Food Co., Ltd. (China)
• Hebei Kangyuan Halal Food Co., Ltd. (China)
• Qingdao Alliance Food Corporation (China)
• GUANGDONG SHANGYI FOOD CO., LTD. (China)
• HAOYUE Group (China)
• ELISHA MINERAL WATER CO., LTD. (China)
• Hebei province Xinle City Moslem Meat Co., Ltd. (China)
• IVY(HK)INDUSTRY CO., LIMITED & Zhaoan Huazhijie Food Co., Ltd. (China)

Report Coverage:

The report provides a detailed analysis of the worldwide market, using statistics and detailed explanations. It includes expert opinions from interviews with important people, collected through emails, phone calls, and surveys, as well as from official documents and websites. The report uses both detailed and broad methods to give a full understanding of the products.

China Halal Food & Beverage Products Market Segmentation Analysis:

By Type (Milk and Milk Products, Fruit and Vegetables, Grain Products, Beverages, Meat and Meat Products, Confectionery, Food Additives, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Sales, Bulk Suppliers, and Others), By End-User (Foodservice Sectors and Households)

Source: https://www.fortunebusinessinsights.com/china-halal-food-beverage-products-market-112943

China Halal Food & Beverage Products Market Growth:

China’s Halal food and beverage market is expanding rapidly, driven by a large Muslim population, increasing disposable incomes, and growing demand for certified Halal products among both Muslim and non-Muslim consumers. Key product categories include Halal meat, dairy alternatives, beverages, and ready-to-eat meals. The rise of e-commerce platforms and hypermarket chains is accelerating product accessibility. Government initiatives, such as Halal industrial parks and export-oriented policies, are supporting industry growth. However, the market faces challenges including inconsistent certification standards, counterfeit labeling, and fluctuating raw material costs, which impact consumer trust and pose hurdles to long-term market stability.

China Halal Food & Beverage Products Market Drivers and Restraints:

Drivers: The China Halal food & beverage market is driven by a sizable Muslim population, rising health and religious consciousness, and increasing demand for certified Halal products. Government support through Halal industrial parks and export initiatives, along with the expansion of e-commerce and modern retail, further fuels market growth.

Restraints: However, the market faces key restraints such as fragmented and inconsistent Halal certification systems, counterfeit labeling practices, and limited consumer awareness outside Muslim communities. Additionally, volatile raw material prices and challenges in traceability and quality control pose risks to supply chain efficiency and consumer trust in Halal standards.

KEY INDUSTRY DEVELOPMENTS

• February 2025:  ELISHA MINERAL WATER CO., Ltd., a Chinese beverages manufacturing company, launched a refreshing apple-flavored sparkling drink to the market. The newly launched product is an FDA, Halal, and ISO-certified product.
• October 2024:  Protoga Biotech, a China-based company, announced the launch of its new Commercial Microalgae Plant Milk in China. According to the company, the products manufactured are Halal and Kosher-certified.