Organic & Natural
The global organic food and beverages market is driven by factors such as increasing consumer awareness towards organic benefits and increased organic farming. In all major economies the organic food and beverages market is expected to benefit from subsidies, financial aids, and R&D programs conducted by different government and non-government organizations.
Rising consumer incomes and changing lifestyles are driving the growth in the global beauty care products industry, which is forecasted to hit ~$270 billion by 2017. Skincare is the largest segment, with hair care being a close second. North America, Latin America, Asia-Pacific and Western Europe own the biggest shares in global revenues. Since the beginning of the century the cosmetic markets of the BRIC countries (Brazil, Russia, India, and China) have been growing very fast.
The pet food market segment is dominated by dog and cat food products, accounting for 90% of the market. Global pet food manufacturers are launching products that respond to consumer demand for better quality and healthier products.
Wine & Spirits
U.S. wine exports, 90% from California, reached a record high $1.55 billion in winery revenues in 2013, up 16.4% compared to the previous year, an increase for the fourth consecutive year by value. The European Union is the largest importer of California Wine with more than 500 million USD in 2013.
-The Wine Institute 2014.
The global specialty food ingredients market is estimated to reach $80.3 billion by 2018 and benefits from numerous global consumer trends like ease of use, health and wellness, and clean label. The rapid urbanization in emergent markets drives the ease of use trend. The growing obesity and diabetes incidences drive consumers’ focus on an improved lifestyle and increased demand healthier for ingredients in their food products.
The global market for sporting goods is expected to reach $300 billion in 2015. The growth is fueled by increased individual participation in sports and media coverage of sporting events, rising consumer income, and improving product features. Younger consumers and women are fueling demand for sporting goods as they become more and more attracted to sports as a professional career, or just as a leisure activity.