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 …
Category Archives: F&B Analysis
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 …
Citrus Powder Market Growth Fueled by Rising Orange Production and Collaborative Initiatives, Predicts FMI Study
According to a new study by FMI, sales of citrus powder is expected to reach ~US$ 6 Bn in 2019, primarily influenced by the recent reforms coming into fore in the global food sector. In recent years, increasing focus towards cleaning and sanitization has been compelling manufacturers to identify and leverage white spaces in the application of …