The global wet pet food market is expected to be worth USD 22.6 billion in 2023. Furthermore, with the increasing popularity of pets globally, the overall demand for wet pet food is expected to expand at a 5.5% CAGR from 2023 to 2033, achieving a market worth of USD 37.7 billion by 2033. Investors have taken notice of this rise, and …
Category Archives: F&B Analysis
Seafood Market: Exploring Trends, Sustainability, and Growth Drivers in the Global Seafood Industry
Seafood Market The global sales of seafood is set to achieve substantial growth, projected to reach a valuation of US$ 157,042.9 million by 2033, expanding from US$ 114,608 million in 2023. This growth trajectory reflects a compound annual growth rate (CAGR) of 3% through 2033, driven by increasing consumer demand for seafood as a nutritious protein source …
Freeze-Dried Food Market: The Future of Convenience and Long-Lasting Nutrition
Freeze Dried Food Market1 The global freeze-dried food market value is estimated at USD 30.4 billion in 2024 and is projected to reach USD 55.9 billion by 2034, at a CAGR of 6.3% from 2024 to 2034. Consumption of freeze-dried food as snacks, dressings, and soups has been noticed over the past few years. Rising demand …
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Pet Food Ingredients Market: Addressing Quality and Nutrition Trends for Health-Conscious Pet Owners
Pet Food Ingredients Market The global market for pet food ingredients value is poised for substantial growth, projected to reach a value of USD 68.3 billion by 2033 from USD 42.2 billion in 2023, with a robust CAGR of 4.9% over the forecast period. Key drivers fueling this expansion include the increasing adoption of pets worldwide and a rising demand for high-quality pet …
Plant-based Pet Food Market: Health, Ethics, and Sustainability Drive Market Expansion
Plant-Based Pet Food Market The plant-based pet food market is expected to reach a valuation of USD 26.9 billion by the year 2024, accelerating with a CAGR of 7.8% by 2024 to 2034. The industry is expanding significantly due to different factors. This growth is supported by the vegan movement, anthropomorphism of pets, and increasing number of …
Insect-based Pet Food Market: A Sustainable, Nutrient-Rich Solution for Future Pet Nutrition
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 …
Dinner Ready-to-Eat (RTE) Food Market: Convenience and Innovation Fueling Sales Growth
Dinner Ready-to-Eat (RTE) Foods Market The global dinner Ready-to-Eat (RTE) food market is set for impressive growth, projected to increase at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2033. The market, valued at US$ 14,692 million in 2023, is anticipated to reach a staggering US$ 25,184.3 million by 2033. This growth is driven by evolving consumer lifestyles, increased expenditure …
Food-grade Glycerin Market: Expanding Applications in Food and Beverage Formulations
Food-Grade Glycerin Market The food-grade glycerin market is anticipated to expand its roots at an average CAGR of 2.0% between 2023 and 2033. The market is anticipated to cross a market share of US$ 498 million by 2033 while it is likely to be valued at US$ 389 million in 2023. Apart from the skincare benefits of glycerin, food-grade glycerin is helpful in …
Food Acidulants Market: Enhancing Flavor and Preservation Amid Growing Processed Food Demand
Food Acidulants Market The food acidulants market is valued at US$ 2.6 billion in 2023 and is estimated to reach a value of US$ 4.5 billion by 2033, registering a CAGR of 5.4% during the forecast period. The rising disposable income and growing demand for clean-label products and processed food are increasing the market share. Furthermore, the demand for food acidulants is fueled …
Air-Dried Food Market: A Sustainable Trend Gaining Traction in the Global Food Industry
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 …