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.
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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.
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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.
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