Global bulgur market to register moderate growth during 2017-2025
According to Persistence Market Research, the global bulgur market is anticipated to show significant market share and a moderate growth rate throughout the period of assessment 2017-2025. The bulgur market has been witnessing positive expansion since 2012. The global market for bulgur is projected to grow at a CAGR of 4.1% during the period of assessment to reach a market valuation a bit over US$ 1.3 Bn by the end of the assessment period (2025) from an estimation of around US$ 993 Mn in 2017. This increase in growth can be attributed to the changing consumer lifestyle, rising penetration of organic food in the global market and emergence of modern trade and online retail formats. Moreover, rising popularity of healthy food and preference for Mediterranean dishes has triggered the growth path for bulgur in the recent years.
Indirect segment to offer high opportunities in the future
Indirect segment by distribution channel is expected to be highly lucrative and offer high opportunities associated with the distribution of the bulgur product. This segment is anticipated to register a higher growth rate as compared to direct segment and is poised to reflect a CAGR of 4.3% throughout the period of assessment. This segment also shows high market share and value, thus leading the global market. The indirect segment is estimated to be valued at more than US$ 1 Bn by the end of 2025 from an estimation of around US$ 871 Mn in 2017. It is expected to show a noteworthy market share of about 88% by the end of the assessment year.
The direct segment, on the other hand, shows slow growth and small value share in the global market. This segment is expected to grow at a sluggish CAGR to reach a market valuation of US$ 154 Mn by the end of the period of forecast. The segment is expected to create an absolute dollar opportunity of US$ 3 Mn in 2017 and an incremental dollar opportunity of US$ 32.1 Mn between 2017 and 2025.
Online retail to buckle up in the coming years
The online retail sub segment in the indirect segment category is expected to grow at a robust rate and is poised to show fastest pace as compared to other sub segments during the period of forecast 2017-2025. The online retail segment is poised to grow at a high CAGR of 7.5% and this high growth can be attributed to the increasing preference among youth to purchase products through online retail channel. The online retail sub segment is estimated to show a valuation of about US$ 100 Mn by the end of 2025.
Convenience stores to dominate other indirect distribution channels during the assessment period
The convenience store sub segment in the indirect distribution channel category is estimated to be the largest segment in terms of valuation. In 2017, this sub segment reflected a value of about US$ 533.2 Mn and is anticipated to reach a valuation of more than US$ 700 Mn by the end of the period of forecast. This segment, however is projected to grow at a slow rate in the coming years. The modern trade segment is the second largest segment in terms of market value. It is also second fastest growing segment and is projected to register a moderate CAGR of 4.5% throughout the period of forecast.
Persistence Market Research uses an exclusive research methodology that is a strong blend of an extensive secondary and a weighted primary research. Extensive primary interviews with key market players, stakeholders, market observers and subject experts are carried out to garner relevant data and acumen pertaining to various market segments across important regions in the globe. The data crunching and a statistical analysis so performed undergoes multiple layers of validation to glean appropriate market insights which could benefit business by influencing critical decisions. The comprehensive research methodology has been applied to thoroughly understand and study the market for the bulgur product and the findings and insights have been skilfully crafted following a systematic structure in the new report titled “Bulgur Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”.
The research report delivers actionable intelligence to assist further moves
The market research report on global bulgur market is an in-depth research study that focuses on the global scenario and provides actionable acumen on various factors which influence the market which is possible with the help of strong data and statistical analysis. It delivers an unbiased view of the market by including analysis on various market segments across the major geographies of North America, Latin America, Europe, Asia Pacific and Middle East and Africa (MEA). The global research report on bulgur market has in-depth weightage on statistics, figures, numbers and graphs which is based on a clear market definition. This will enable the reader to take informed decisions with the help of well-furnished insights. The upcoming trends and developments, new innovations in products and varying product portfolios, new acquisitions, end user analysis and much more actionable acumen give a 3600 view to the market ultimately providing the reader with necessary tools to devise strategies in order to establish firm grip in a particular region or in a particular segment in the global bulgur market.
A detailed competitive analysis covered in the research report
The global bulgur market research report covers competitive landscape, which covers the market shares, revenues, growth strategies applied, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, SWOT, pricing analysis, etc., of the various key players/companies operating in the global bulgur market. Such an intelligence framework can be used to devise appropriate strategies in order to gain competitive advantage in the long run.
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