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The fruit and vegetable processing equipment market size was valued at $5.6 billion in 2021, and it will grow at a CAGR of 6.9% during 2021–2030.
The global baby food market was valued at $30.0 billion in 2020, and it is expected to grow at a CAGR of 6.1% during the forecast period (2021–2030).
The global meat substitutes market generated ~$2 billion revenue in 2020. The rising concerns regarding food security and sustainability and rising investments in plant-based protein sources are the key driving factors for the meat substitutes market.
From $1,735.1 million in 2019, the global CBD oil market value is predicted to increase at a CAGR of 24.3% from 2020 to 2025. The key reasons behind the growth of the industry are the legal approval been given to the compound for medical, recreational, and research purposes and the promotion of cannabiodiol-containing products by companies as having wellness advantages.
Craft beer is defined as a beer which is individually brewed in batches by small and independent breweries and is available in a wide range of flavors. Just like regual beers, it is generally made with yeast, malt, and hops. It is a rich source of silicon and plays a vital role in preventing osteoporosis, Alzheimer, and risk of diabetes.
Increasing disposable income of individuals in developed and developing countries, rapid changes in lifestyle, and creative marketing and innovative promotional strategies by the market players are some of the key factors driving the beer market growth. Additionally, spending more on beers by young urban-dwellers is also contributing to growth of the market.
Valued at $115.3 billion in 2017, the global sauces, dressings, and condiments market is projected to advance at a CAGR of 3.8% during the forecast period.
The growing consumer awareness towards anti-aging products and healthy drinks has produced many new drinks categories, such as functional and beauty drinks. The consumers in developed countries prefer functional drinks with added vitamins and minerals over its counterparts, such as carbonated soft drinks. The beauty drinks and functional drinks has gained significant market share over the past three years.
The increasing demand for natural and organic products is driving the growth of the global maple water market. Enriched with 46 bioactive nutrients, such water enhances the human immune system, which makes it highly acceptable among consumers. The marketing of such water is an innovative concept, which has been incorporated by few beverage manufacturers globally.
The global alcoholic drinks market generated revenue of $1,198.6 billion in 2014, and it is further projected to advance at a CAGR of 3.2% during the forecast period (2015–2020).
In terms of volume, the global UHT milk market is expected to grow from 65,161.0 million liters in 2014 to 106,312.3 million liters in 2020, progressing at a CAGR of 8.8% during 2015–2020.
The global dairy alternatives market is fueled by increasing consumers’ preference towards vegan food, growing instances of lactose intolerant consumers, and nutritional benefits provided by such foods. The increasing urbanization leading to change in lifestyle is further driving the growth of the global dairy alternatives market. On the basis of formulation, the plain-unsweetened
The increasing awareness about celiac disease and up surging regulations related to product labeling are the key drivers, which are fuelling the growth of the global gluten-free products market. The processed food industry is highly influenced by the regulations related to product labeling, owing to which, they are increasing the usage of gluten-free ingredients in the
The increasing awareness about the importance of nutrition among people, along with hectic schedule is the factor, which is driving the growth of the global frozen bakery market. Bread is consumed by majority of households and is considered to be one of the leading staple foods worldwide. A significant increase in over the counter and retail
The global low calorie food market is growing at a significant rate, due to increase in geriatric population, growing health awareness, swift adoption of healthy lifestyle, and increasing diabetes and obesity rates. There is a high demand for low calorie foods in the countries with excessive obese population such as Brazil, China, and India.
The organic food and organic beverages market is growing at a significant rate, due to government regulations supporting the organic food and beverages, changing consumer perception towards organic food, and widening distribution channels. The increasing research and development activities for new products development are providing ample opportunities to the organic
The mushroom market is growing at a significant rate, due to the growth of consumer awareness related to health and wellness, improving technologies to increase the shelf-life, and increase in consumption of processed foods. The growing concerns about obesity and technological advancements are some of the factors, providing ample opportunities to the expansion of the
Drinking water packed in glass or plastic bottles is referred as bottled water. Bottled water may or may not be carbonated. Bottled water continues to be a popular choice of consumers despite the carbonated soft drinks having established. Water sold in large bottles holding one to 2.5 gallons is relatively cheaper compared to carbonated water sold at higher prices per gallon. Increasing
Breakfast cereal is a food mainly processed from grains or multiple grains such as oats, corns and others that is eaten as first meal of the day. Breakfast cereal grain is light and contains low cholesterol, high fiber and high nutrient. Traditionally, home cooked food such as porridges, breads and buns, eggs and noodles were taken in breakfast but increasing adoption of ready to
Flavored water is a kind of spring, purified, bottled mineral water with flavors added to it. Flavored water is a combination of mineral water, various fruit juices concentrations (such as pineapple, blackberry, mango, apple, strawberry, orange and others), artificial sweeteners or natural sweeteners. Whereas, the functional water is derived from flavored water and is prepared using
Frozen foods are foods stored beneath zero degree temperature for maintaining their moisture content at a solidified state. This helps frozen food to be preserved for longer time than fresh food. One of the factors that are contributing towards the expansion of frozen foods around the world is the shift in consumer lifestyle which is influencing consumers towards ready to eat food products
The global savory snacks market was valued at $111.1 billion in 2014, and it is projected to reach $166.6 billion by 2020, registering a CAGR of 7.1% during 2015–2020.