Medium Chain Triglycerides Market is Expected to Reach $1034 million by 2026
The global medium chain triglycerides market was valued at $763 million in 2021, and is projected to reach $1,034 million by 2026, growing at a CAGR of 6.3% from 2021 to 2026. The surge in global Internet penetration would be another influential trend in driving the market in terms of sales. Manufacturers and distributors are using the Internet to spread awareness about their products and services...
Nutraceutical Ingredients Industry: Key Factors behind Market’s Rapid Growth
The nutraceutical ingredients market refers to the segment of the food and nutrition industry that focuses on the development, production, and marketing of ingredients with health benefits. These ingredients are often used in dietary supplements, functional foods, and beverages. The global nutraceutical ingredients market size is estimated to reach $261.7 billion by 2027, growing at a 7.2% compound...
Canned Success: The Beverage Can Market Poised for Continued Growth
The beverage cans market was valued at USD 23.7 Billion in 2021 and is projected to reach USD 31.2 Billion by 2026, expanding at a growth rate of 5.6% during the forecast period. North America dominated the beverage cans market. The rise in the production of alcoholic beverages, such as beer and ready-to-drink cocktail products, has resulted in premium packaging solutions, thereby triggering the demand...
Frozen Bakery Products Market is Expected to Grow $29.5 billion by 2026
The frozen bakery products market is estimated at USD 22.3 Billion in 2021; it is projected to grow at a CAGR of 5.8% to reach USD 29.5 Billion by 2026. Europe accounted for the largest share; during the forecast period, in terms of value owing to its large consumer base in the region. According to FoodDrinkEurope, the food processing industry is one of the largest and most important manufacturing...
Textured Vegetable Protein Market Trends, Growth Drivers, and Opportunities
The global textured vegetable protein market is estimated at USD 1.4 billion in 2022 and is projected to reach USD 1.9 billion by 2027, at a CAGR of 6.9% from 2022 to 2027. A considerable percentage of the population in western countries has shifted toward a diet with reduced meat consumption, demanding healthy and tasteful meat-free food products. Due to changes in consumption patterns among consumers,...
Food Safety Testing Market Size, Share, Trends and Growth
The food safety testing market is projected to grow at a CAGR of 8.2% from an estimated value of USD 22.7 billion in 2023 to reach USD 33.7 billion by 2028. The food safety testing market is experiencing growth due to various factors. These include the global nature of the food supply chain has increased the complexity of ensuring food safety. With food products crossing international borders, there...
Plant-based Protein Market Size & Forecast
The plant-based protein market size is estimated at USD 14.2 billion in 2024 and is projected to reach USD 20.5 billion by 2029, at a CAGR of 8.1% from 2024 to 2029. Plant-based protein refers to protein derived from plants rather than animal sources. These proteins can be found in a variety of plant foods such as legumes (beans, lentils, peas), nuts, seeds, grains (such as quinoa and rice), and certain...
Enzymes Industry Projected to Reach $20.4 Billion by 2029
The global enzymes market size is estimated to be valued at USD 14.0 billion in 2024 and is projected to reach USD 20.4 billion by 2029, recording a CAGR of 7.8%. The growth of the enzymes market is fueled by key factors such as a notable surge in demand for processed foods, driven by changing consumer lifestyles and preferences. This trend necessitates the use of enzymes to improve the quality, texture,...
A Comprehensive Analysis of the Global Fish Oil Market Trends and Forecasts
The Fish Oil Market is estimated to be valued at USD 12.1 billion in 2022. It is projected to reach USD 15.4 billion by 2027, with a CAGR of 4.9%, in terms of value between 2022 and 2027.
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The reasons that are driving the growth of the fishmeal & fish oil market are rising focus on the health and nutrition of livestock animals, especially in Asia Pacific region and...
Personalized Nutrition Market to Witness Unprecedented Growth in Coming Years
Personalized Nutrition Market Overview
The global personalized nutrition market size is estimated to reach $23.3 billion by 2027, growing at a 15.5% compound annual growth rate (CAGR). The global market size was valued $11.3 billion in 2022.
The personalized nutrition market is a segment of the health and wellness industry that focuses on tailoring nutritional recommendations and products to...