Wheatgrass Product
Global Wheatgrass Products Market to Reach 5 Thousand Tons by 2027
In the changed post COVID-19 business landscape, the global market for Wheatgrass Products estimated at 3.6 Thousand Tons in the year 2020, is projected to reach a revised size of 5 Thousand Tons by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Wheatgrass Pills, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach 2.1 Thousand Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wheatgrass Juice segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at 983.5 Tons, While China is Forecast to Grow at 8.6% CAGR
The Wheatgrass Products market in the U.S. is estimated at 983.5 Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 1 Thousand Tons by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 664.5 Tons by the year 2027.
Wheatgrass Powder Segment to Record 4.9% CAGR
In the global Wheatgrass Powder segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of 621.9 Tons in the year 2020 will reach a projected size of 854.4 Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.4% CAGR through the analysis period.
Select Competitors (Total 44 Featured) -
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook