Plant-based Protein Market Size & Forecast
The plant-based protein market 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. The plant-based protein market has seen exponential growth in recent years, fueled by increasing consumer awareness of health, environmental sustainability, and ethical concerns regarding animal agriculture. This market encompasses a wide...
Latest Innovation in Specialty Enzymes Market
Specialty enzymes are specific proteins designed to catalyze biochemical reactions for specialized applications in various industries. These enzymes are tailored to meet the unique requirements of different industrial processes, enhancing efficiency, specificity, and performance. The global specialty enzymes market size is estimated to be valued at USD 6.1 billion in 2024 and is projected...
Industrial Hemp Market Dynamics: Key Players and Innovations
The global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value. The increased usage of hemp seeds in a wide range of food and beverage products such as cereals, yogurts, protein powders, and hemp milk is driving the market.
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Dairy Alternatives Market Will Hit Big Revenues In Future
The dairy alternatives industry refers to the industry that produces and sells products intended as substitutes for traditional dairy products like milk, cheese, yogurt, and butter. These alternatives are typically plant-based and cater to consumers who are lactose intolerant, have dairy allergies, or prefer vegan or vegetarian diets.
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Food Extrusion Market Size, Share, Industry Overview, and Leading Players
The global food extrusion market is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. The demand for Ready-To-Eat (RTE) snack foods is growing due to their convenience, nutrition value, attractive appearance, taste, and texture. Cereal-based extruded snacks are the most commonly consumed snacks....
Insect Protein Market to Showcase Continued Growth in the Coming Years
Insect protein, derived from insects, serves as a nutritious food source for both humans and animals. This protein is highly sustainable and environmentally friendly, requiring significantly less land, water, and feed compared to traditional livestock like cows or pigs. Insects are rich in protein, healthy fats, and essential vitamins and minerals. The use of insect protein is gaining popularity in...
Nutraceutical Excipients Market Overview, Growth Drivers, Opportunities, and Top Companies
The nutraceutical excipients market size is projected to grow from USD 4.2 billion in 2023 to USD 6.1 billion by 2028, growing at a CAGR of 7.7% during the forecast period. Personalized nutrition plans and online sales are rapidly merging to transform the nutraceutical market. As individuals embrace tailored diets, the need for customized products with specific excipients, tailored delivery systems,...
Protein Alternatives Market Growth Drivers, Opportunities, and Challenges
The global protein alternatives market is estimated at USD 15.7 billion in 2024; it is projected to grow at a CAGR of 9.9% to reach USD 25.2 billion by 2029. The protein alternatives market has experienced rapid growth and diversification in recent years, driven by increasing consumer demand for sustainable, health-conscious, and ethically produced food options. Key drivers of this market include...
Lutein: A Bright Spot for the Food and Beverage Industry
The global lutein market was valued at USD 371 million in 2023 and is projected to reach USD 488 million by 2028, at a CAGR of 5.6% during the forecast period. The market for lutein is driven by both the pharmaceutical and nutraceutical industries. In the pharmaceutical sector, lutein is used in the production of eye health supplements and medications. In the nutraceutical sector, lutein is included...
Top Companies Leading the Food Emulsifiers Industry
The global food emulsifiers market is estimated to be valued at USD 3.6 billion in 2023. It is projected to reach USD 4.6 billion by 2028, recording a CAGR of 4.9% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global food emulsifiers market. In terms of value sales, this would be strong enough...