Arrowroot is a starch that is obtained from the rhizomes (rootstock) of several tropical plants. It's used as a thickening agent and gluten-free flour. Its health benefits are associated with its starch content, that promotes weight loss, treats diarrhea, and stimulates your immune system. In addition to its culinary and medicinal uses, arrowroot is also used for cosmetic purposes.
MARKET SCOPE
The "Global Arrowroot Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the arrowroot market with detailed market segmentation by category, type, distribution channel, and geography. The report provides key statistics on the market status of the leading arrowroot market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on category, the global arrowroot market is segmented into organic and conventional
- Based on application, the global arrowroot market is segmented into food and beverages, pharmaceuticals and nutraceuticals, and others.
MARKET DYNAMICS
Drivers:
- Growing demand for arrowroot in the food and beverage industry.
- Health benefits associated with arrowroot increases the demand for the market.
- Rising R&D activities drive the arrowroot market.
Restraints:
- Relatively higher price of the arrowroot.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The arrowroot market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the arrowroot market in these regions.
IMPACT OF COVID-19 ON ARROWROOT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the arrowroot market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from arrowroot market are anticipated to lucrative growth opportunities in the future with the rising demand for arrowroot in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the arrowroot market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Archer Daniels Midland Company (ADM)
- Aryan International
- Avebe U.A.
- Azure
- Bob's Red Mill Natural Foods
- Bramble Berry, Inc.
- Britannia Industries Limited
- Great American Spice Company
- Mountain Rose Herbs
- Sainsbury's