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The global spirits market is estimated at US$ 56 Bn in 2022 and is projected to reach US$ 92.9 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032. Spirit is an alcoholic beverage prepared through distillation process in which the component substances are separated from a liquid mixture via evaporation and condensation. This process is used for purification of the …
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The global champagne market is expected to reach a market valuation of US$ 7.0Bn by the year 2022, accelerating at a CAGR of 5.08% by 2022-2032, to reach a value of US$ 11.5Bn by 2032. The alcohol beverage industry suffered from initial set back due to pandemic as spread of virus resulted in delays in shipment, rise in packaging cost, and scarcity of …
The global vegan yogurt market size is expected to reach a market valuation of US$ 2.2 Bn in 2022, with sales growing at a robust 8.9% CAGR over the forecast period. Vegan Yogurt Market Size (2022) US$ 2.2 Bn Vegan Yogurt Market Projected Size (2032) US$ 5.1 Bn Vegan Yogurt Value-based CAGR (2022-2032) 8.9% Vegan Yogurt Top 3 Countries Market Share …
The global organic tea market is expected to reach market valuation of US$ 1.2 Bn by the year 2022, accelerating at a CAGR of 8.2% by 2022-2032. Organic products are becoming common among consumers due to their changing lifestyles and the growing notion that organic products are healthier than conventional ones. Moreover, the growing trend of consuming …
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The global vegan egg market is expected to reach a market valuation of US$ 1.6 Bn by the year 2022, accelerating at a CAGR of 8.4% by 2022-2032. Vegan egg sales currently account for about ~2.9% of the global egg market in terms of value. The vegan eggs industry is greatly aided by the spread of disease caused by the consumption of animal-based foods, …
The global specialty egg market is expected to reach a valuation of US$ 13.5 Bn by the year 2022, accelerating at a CAGR of 8.9% by 2022-2032. Specialty egg sales currently account for about ~2.5% of the global egg market in terms of value. A large number of companies in the overall food and ingredients industry are focusing on developing their …
The Ready-to-drink (RTD) Tea market is expected to reach a value of US$ 33.0 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 70.5 Bn by 2032, rising at a CAGR of 7.9% for 2022-32. Botanical flavors, which are said to offer health benefits and are labeled clearly, …
The global frozen egg market is expected to reach a market valuation of US$ 3.8 Bn by the year 2022, accelerating with a CAGR of 6.7% by 2022-2032. Frozen egg sales currently account for about ~6.2% of the global egg market in terms of value. Frozen egg products are becoming increasingly popular in the catering industry. Private cafeterias …
The egg substitute market is expected to reach US$ 1.1 Bn in 2022. With sales growing at a 5.9% CAGR, the market valuation will reach US$ 2.1 Bn in 2032. Increasing preference for natural ingredients in packaged food and bakery products is expected to drive sales in the market. Egg substitutes can be used in place of eggs in recipes and baked …
The pet food ingredient market was valued at US$ 11.49 Bn in 2021 and is projected to grow at a CAGR of 5.4%, to reach a value of US$ 20.5 Bn by 2032. The market accounts for 6% of the overall pet care market which was valued at US$ 189 Bn in the year 2021. This growth is attributed to the current …