Explore the potential of the rapidly growing global coconut oil market, projected to reach US$ 11,684.4 million by 2033. Uncover the driving forces behind this surge, from increased demand in food & beverages to the rising popularity of plant-based diets. Delve into the historical performance and discover how manufacturers are leveraging sustainable practices to boost market revenue. Gain …
Category Archives: F&B Analysis
Bee Venom Extract Market to Hit US$ 618.6 million by 2033 | Growth Driven by Medical Applications and Therapeutic Potential
The global bee venom extract market size is predicted to achieve a valuation of US$ 378.0 million by 2023, displaying a CAGR of 5.0% from 2023 to 2033. It is predicted that the market would contribute a valuation of US$ 618.6 million by 2033. The market for bee venom extract, also known as aflatoxin, is anticipated to be propelled …
Increasing consumer preference for convenience and growing disposable income are driving demand for fast food and takeout options
The global food service industry size is likely to jump from US$ 3,483,539.5 million in 2023 to US$ 5,704,966.8 million by 2033. This projected expansion is anticipated to expand at a 5.3% CAGR in the demand for food services over the upcoming decade. Well-known companies such as KFC, McDonald’s, and Domino’s dominate the global fast-food market, which …
Frozen Vegetable Market Poised for Robust Growth: Projections to Hit US$ 96,451.80 million by 2034 Riding the Wave of Convenience and Health Trends
The global frozen vegetables market is predicted to surge at a CAGR of 6.0% through 2034. Sales revenue of frozen vegetables is estimated to be worth US$ 53,830.60 million in 2024. The younger populations in the market favor the frozen vegetable segment as a healthier snack option over fresh, canned, and cooked meals. The frozen veggies …
Insect-Based Pet Food Market Set to Grow: Projected Expansion at a 10% CAGR by 2033 Surging Demand for Frozen and Freeze-Dried Pet Foods
The insect-based pet food market is forecasted to garner revenue of US$ 3,448.5 million in 2033, up from US$ 1,341.0 million in 2023, advancing at a rate of 10% from 2023 to 2033. The pet food industry is undergoing a significant transformation as more pet owners seek innovative and sustainable alternatives to traditional pet food products. One …
Growing Macadamia Market: Opportunities for Investors in Healthy Snack Alternatives and Culinary Applications
By the end of the year 2022, the worldwide demand for macadamia was estimated to be worth around US$ 2.2 billion. Further, the net revenue from total macadamia nuts sales globally in 2023 is anticipated to be about US$ 2.37 billion. The entire market value is predicted to rise at an 11.2% annual growth rate between 2023 …
Hydroponics Market Growth: Capitalizing on Urban Agriculture Trends and Technological Advancements for Investor Success
The global hydroponics market size is anticipated to grow at a CAGR of 7% over the projected period, according to a Future Market Insights analysis. The hydroponics sector is anticipated to be worth US$ 2.78 billion in 2023. By 2033, FMI anticipated that the hydroponics market could increase to US$ 5.70 billion. One of the most intensive …
Freeze Dried Fruits Market Expected to Grow 7.5% by 2033 Amidst Rising Demand for Healthy and Natural Food Products
According to Future Market Insights, the global freeze dried fruits market is expected to record a CAGR of 7.5% from 2023 to 2033 and reach a valuation of US$ 8.63 billion in 2023. In 2033, it is likely to reach a valuation of US$ 17.82 billion. Food products have remained a necessary good ever since the pandemic …
Bubble Tea Market Set for Rapid Expansion with Projected 9% CAGR, Reaching US$ 6.17 Billion by 2033 | FMI Projection
The bubble tea market is expected to increase at a 9% CAGR from 2023 to 2033, above the 9.1% CAGR witnessed between 2018 and 2022. This huge increase in growth rate suggests a high demand for bubble tea, resulting in a significant increase in market value from US$ 33,121.5 million in 2023 to US$61,152.4 million by 2033. In recent years, the bubble …
Algae-Based Supplement Market Poised to Reach US$ 4,804.5 Million by 2034, Fueled by Rising Health Awareness and Adoption of Plant-Based Diets
Algae-Based Supplement Market The market size for algae-based supplements is estimated to be around US$ 2,365.3 million in 2024. It is projected to exhibit a CAGR of 7.3% over the forecast period and reach a market valuation of US$ 4,804.5 million by 2034. Algae-based supplements have gained popularity among health-conscious individuals due to their potential health benefits. This growth has been further fueled …