The need for plant based beverage is predicted to rise at a moderate CAGR of 5.92% through 2034. The industry is projected to surpass US$ 665.8 billion by 2034. The surge in the trend of veganism is helping to promote the demand for plant based beverages across the globe. The expansion and the rise in lactose intolerance rates leads the global …
Category Archives: F&B Analysis
Global Feed Enzymes Market Forecast: Strategic Insights and Growth Projections for 2023 to 2033
The global feed enzymes market size is estimated to grow to US$ 1.2 billion in 2023 and is projected to reach US$ 1.8 billion by 2033. The market is expected to record a CAGR of 4.4% during the forecast period. In the Face of Antibiotics Ban, Feed Enzymes Emerge as Lucrative Alternative Several developed markets have banned …
Global Green Supplement Market Outlook: Projected Growth to USD 818.0 Million by 2032
The green supplements market size is likely to reach USD 563.3 Million in 2022 and further expand at 3.8% CAGR during the forecast period, to total USD 818.0 Million by 2032. Growing demand for plant-based products and rising awareness about the health benefits of green supplements are the key factors driving growth in the global market. Plant-based …
Expanding Gluten-Free Product Market: Growth Driven by Shifts in Consumer Preferences and Emerging Snack Trends
The global gluten-free product market size is poised for significant growth, reaching USD 5,870 million in 2024. The sales revenue of gluten-free products is expected to witness a robust CAGR of 7.0% from 2024 to 2034. By 2034, the gluten-free product demand is anticipated to attain a valuation of USD 11,587 million. The gluten-free market is forecast to …
Projected Growth: Functional Water Market to Achieve USD 27,281.72 Million by 2033 with 6.2% CAGR
The functional water market is anticipated to grow at a 6.2% CAGR from 2023 to 2033, expanding from USD 15.2 billion in 2023 to USD 27.3 billion by 2033. Rising demand for flavored functional water, known for its refreshing taste, enhanced nutritional profile, and superior flavor, is fueling this growth. Popular flavors such as lemon, …
Asia Pacific Essential Oil and Oleoresins Market to Surge at 3.2% CAGR, Projected to Exceed USD 25,329.6 Million by 2034
The Asia Pacific essential oil and oleoresin industry value is expected to rise from USD 19,189.1 million in 2024 to USD 25,329.6 million by 2034. This industry is analyzed to expand at a CAGR of 3.2% over the next decade. Growing demand for essential oils from multiple sectors like food and beverage, aroma therapies, spas, wellness, cosmetics, …
Microalgae Market Set to Hit USD 25.4 Billion by 2033, Growing at 8% CAGR
The microalgae market, valued at USD 11.8 billion in 2023, is projected to reach USD 25.4 billion by 2033, with an 8% CAGR over the forecast period. The growing use of marine microalgae in aquaculture, pharmaceuticals, and nutraceuticals is expected to drive market growth. Additionally, increasing government efforts to standardize microalgae cultivation practices will further …
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Brewing Innovation: The Rise and Expansion of the Coffee Concentrate Market
Coffee has been an essential part of daily life since its discovery in the eighth century AD. Over the centuries, experimentation with coffee has led to a variety of products, including numerous coffee-based and caffeine-related innovations. As of 2024, the coffee concentrate market has reached an impressive valuation of USD 2.90 billion. The growth of …
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Bio-Active Peptides: Market Growth and Trends Leading to USD 4,191.8 million Valuation by 2033
The bio-active peptide market is experiencing rapid growth and innovation, driven by increasing consumer health and wellness awareness. Bio-active peptides are short chains of amino acids derived from various sources, including animal proteins, plant proteins, and microorganisms. These peptides have unique physiological effects on the human body, ranging from antioxidant and anti-inflammatory properties to immune system modulation …
Rising Demand for Ready-to-Eat Organic Foods to Propel Frozen Food Market with 5.7% CAGR Through 2034
According to Future Market Insights (FMI), the global frozen food market is projected to increase from USD 365.2 billion in 2024 to USD 638.6 billion by 2034. The market is projected to surge at a CAGR of 5.7% from 2024 to 2034. Due to their convenience of preparation and single-serving alternatives, frozen foods are becoming increasingly popular among consumers, particularly among millennials. The …