Extruded Snacks Market The extruded snacks market is projected to be valued at US$ 79.1 billion in 2023 and is estimated to grow at US$ 150.4 billion by 2033. The sales of extruded snacks are likely to secure a CAGR of 6.6% during the forecast period. The growing demand for nutrient-rich snacks, changing consumers’ preferences, and craving spicy food …
Category Archives: F&B Analysis
Plant-Based Protein Market to Surge to USD 42.55 Billion by 2034, Driven by 8.6% CAGR and Rising Global Demand for Sustainable Nutrition
Plant-Based Protein Market The plant-based protein market is poised for significant growth, with its size expected to increase from US$ 18.64 billion in 2024 to US$ 42.55 billion by 2034. During this period, a promising 8.6% CAGR in the demand for plant-based protein is projected to drive this expansion. Vegetarian cuisine is becoming increasingly popular all around the world. This idea has spread …
Air-Dried Food Industry Set to Reach USD 146.4 Billion by 2033 with a 4.1% CAGR, Driven by Innovative Packaging and Rising Demand for Nutritious Products
Air-Dried Food Market The air-dried food Industry is expected to be worth around USD 92.8 billion in 2022. It is expected to have generated US$ 146.4 billion by 2033, with a CAGR of 4.1% during the forecast period, 2023 to 2033. Positive market growth has been influenced by the development of improved packaging materials, such as stand-up pouches, paper packets, as …
Insect-Based Pet Food Market to Soar to USD 3,448.5 Million by 2033, Growing at a 10% CAGR Amidst Rising Demand for Sustainable Alternatives
Insect-Based Pet Food Market 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 …
Health & Wellness Trend Drives Multi Nutritional Supplement Market to Hits USD 1.9 Billion by 2032 | FMI
Multi Nutritional Supplement Market Multi Nutritional Supplement Market is forecasted to register a 6.8% CAGR during the forecast period (2022-2032) and is projected to reach US$ 1.9 Billion by 2032 With the increasing growth of the health & wellness trend and consumers’ awareness about the necessity of adding diverse nutrients to diets, the demand for multi-nutritional supplements, as well as …
Smart Innovations and Rising Demand Propel Domestic Food Preparation Appliances Market to USD 963,451 Million by 2026
The domestic food preparation appliances market is set for significant growth, with projections indicating a rise from USD 601,532 million in 2020 to USD 963,451 million by 2026, registering a robust CAGR of 6.1% over the forecast period. This growth is attributed to stringent energy efficiency requirements, the easy availability of kitchen appliances on e-commerce platforms, rising …
Tempeh Market Momentum: Anticipated Growth in the Plant-Based Protein Industry by 2033
Based on the findings of the prior tempeh market survey, it is anticipated that the market’s value will approximate US$ 4.2 billion in 2023. Furthermore, tempeh sales are poised for substantial growth with a projected compound annual growth rate (CAGR) of 5%, potentially reaching approximately US$ 6.8 billion by 2033. Tempeh is a fermented soybean product that …
Fortified Yeast Market to Experience Significant 13.5% Annual Growth Rate by 2034
Fortified yeast is a specialized form of yeast that has been enhanced with various nutrients, vitamins, and minerals to provide added health benefits. It is widely used as a functional ingredient in the food and beverage industry to enrich products with essential nutrients and improve their nutritional profile. The fortified yeast market has experienced significant growth in …
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Yeast Extract Market Set to Soar: Projected USD 2,584.0 Million Valuation by 2034
The global yeast extract industry is expected to rise from US$ 1,472.9 million in 2023 to US$ 1550.9 million in 2024. The market is projected to reach a value of US$ 2,584.0 million by 2034, expanding at a CAGR of 5.78% over the forecast period. North America now has the fastest-growing yeast extract market, with the United States accounting for more than half of total sales in …
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Sea Bream Market Growth Projected at 9.4% CAGR by 2033, Fueled by Sustainable Seafood Demand: FMI
The sea bream market is expected to grow from US$ 834.5 million in 2023 to US$ 2,057.2 million by 2033, with a CAGR of 9.4% from 2023 to 2033. The sea bream market has expanded significantly as a result of numerous factors. Key factors include rising consumer interest in sustainable solutions and increased public understanding of the …