The cultured meat market has reached a notable peak in 2023, rising from US$ 2.1 billion in 2022 to US$ 2.3 billion. Forecasts for 2033 are very positive, with revenues expected to reach US$ 8.2 billion, fueled by a 13.5% compound annual growth rate from 2023 to 2033. The primary drivers of the notable rise in cultured …
Category Archives: F&B Analysis
Herb & Spice Extracts Market Thrives with 3.5% CAGR, Projected to Reach US$ 23.6 Billion by 2033 Amid Growing Demand in Natural Ingredients
From 2023 to 2033, the market for herb and spice extracts is anticipated to expand at a steady 3.5% CAGR. This increase is mainly attributable to consumers’ growing preference for natural ingredients in a variety of sectors, including food, drinks, personal care, nutraceuticals, and medicines. The demand for these extracts is increasing noticeably due to a greater …
Mezcal Market Forecast Projects Lucrative Growth, Attracting Investors with Anticipated Valuation of US$ 1.35 Billion by 2033
The mezcal market is experiencing an exhilarating surge, poised to reach a valuation of US$ 557 million in 2023, marking a substantial leap from the previous year’s US$ 430.3 million. The forecast is even more promising, with a projected CAGR of 14.2% from 2023 to 2033, reaching an impressive US$ 1,347.9 million by the end of the …
Herbs and Spices Market Set to Reach US$ 244.1 Billion by 2034, Propelled by 3.6% CAGR and Emerging Trends in Culinary Innovation
The herbs and spices market size is forecast to grow at a CAGR of 3.6% between 2024 and 2034. The market is expected to incline from US$ 171,563.1 million in 2024 to US$ 244,124.7 million by 2034 end. The accelerating utilization of herbs and spices in food items is fueling market expansion. Emerging Trends in Dried …
Soy Protein Isolate Market Set to Double to US$ 8.57 Billion by 2034, Fueled by 8.8% CAGR and Rising Demand for Plant-Based Proteins
The market for soy protein isolate sales are estimated to be worth US$ 3,675.1 million in 2024. The soy protein isolate market is expected to reach US$ 8,573.2 million by 2034. It is projected to surge at a CAGR of 8.8% in the forecast period 2024 to 2034 due to shifting customer preferences toward natural food proteins. …
This concise title highlights the two key takeaways for investors: market growth and the factor driving that growth health benefits
galactose market is expected to increase sharply and approach US$ 28.99 billion in 2023. Future Market Insights (FMI) projects that the industry is anticipated to enjoy a prosperous future; by 2033, its potential market value will be at US$ 46.76 billion. This trend is a result of consumers becoming more health concerned. Natural dietary nutrients are …
Non-Dairy Creamer Market Set to Double to US$ 3.4 Billion by 2033, Driven by Health-Conscious Consumers and Rising Demand for Vegan Alternatives
The non-dairy creamer market is expected to increase from US$ 1,721 million in 2023 to US$ 3,414.8 million in 2033. An increase in health consciousness, disposable money, and awareness of chemical-free products all have a beneficial impact on market growth. Non-dairy creams made from hydrogenated vegetable oils are mostly composed of creamy non-dairy fats. For …
Vegan Cheese Market to Reach US$ 8.06 Billion by 2033, Growing Opportunities in Plant-Based Food Industry
The vegan cheese market size is projected to be valued at US$ 3,313.98 million in 2023 and is expected to rise to US$ 8,064.01 million by 2033. The sales of vegan cheese are expected to record a CAGR of 6.5% during the forecast period. Millennials in particular are becoming more accepting of veganism, which has sparked industry …
Hybrid Rice Seeds Market Poised for 7.7% CAGR Growth to Reach US$ 10.8 Billion by 2033, Opportunities in Staple Food Industry
The hybrid rice seeds market is predicted to be worth US$ 5.1 billion in 2023, and rise to US$ 10.8 billion by 2033. Initially, the global market was expanding at a CAGR of 7% between 2017 and 2022. Many abiotic and biotic factors present a barrier to sustainable rice agriculture. As a result, stress tolerance …
Plant-Based Fish Feed Market Surges to US$ 12.2 Billion by 2032 with 6% CAGR, Growing Opportunities in Sustainable Aquaculture
According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of Plant-Based Fish Feed are estimated to reach a value of US$ 12.2 Bn by 2032, surging at 6.0% CAGR through the decade. Fish feeds are pellets or granules that give fish nutrients and help them reach their maximum …