The Surging Growth of the Plant-Based Protein Market: A Paradigm Shift in Consumer Preferences
Introduction:
In the ever-evolving landscape of the global food industry, a notable transformation has occurred in recent years, marked by a substantial surge in consumer demand for plant-based protein market trends. Valued at USD 13.3 billion in 2023, this market is projected to reach USD 19.2 billion by 2028, demonstrating a remarkable Compound Annual Growth Rate (CAGR) of 7.7% from 2023 to 2028....
New Revenue Sources in the Lactic Acid and Polylactic Acid Market
Lactic Acid and Polylactic Acid Market Overview
Lactic acid is an organic acid that can be produced through fermentation or chemical synthesis. It has various applications, including food and beverages, pharmaceuticals, personal care products, and industrial uses. The demand for lactic acid has been increasing due to its biodegradability and versatility. Polylactic Acid (PLA) is a biodegradable...
Healthy Choices, Happy Consumers: The Surge in Demand for Fruit & Vegetable Ingredients
The fruit & vegetable ingredients market is flourishing, with an estimated value of USD 218.0 billion in 2022 and a projected CAGR of 5.2% to reach USD 280.9 billion by 2027. This growth is attributed to various factors such as the increasing demand for functional ingredients, advancements in processed food, the versatility of fruit and vegetable ingredients in different industries, and the...
Upcoming Growth Trends in the Dairy Processing Equipment Industry
The dairy processing equipment market is a part of the larger food processing equipment industry. The market for dairy processing equipment involves the manufacturing and distribution of machinery used in the processing of dairy products such as milk, cheese, yogurt, and butter. The global dairy processing equipment industry size is valued at USD 10.7 billion in 2023, showcases a significant...
Exploring the Future: Global Food & Beverage Industry Outlook 2024 – Navigating Innovation, Sustainability, and Regional Dynamics
Browse in-depth TOC on “Global Food & Beverage Industry Outlook 2024 – Navigating The Culinary Horizon Of Tomorrow“
The Food & Beverages Industry Outlook encompasses various sectors, including the plant-based protein market, plant-based meat market, food-testing market, food certification market, precision fermentation ingredients market, food robotics market, personalized...
Top Trends in the Food & Beverage Industry
Emerging trends that are expected to have a major impact on consumer demand in the upcoming years are indicative of the extraordinary transition that the food and beverage sector is going through. The future of the food and beverage industry is being shaped by the use of cutting-edge technology like artificial intelligence (AI) and machine learning, sustainable practices, hyperlocal sourcing, and...
Global Food & Beverages Industry Outlook 2024
According to a research report “Global Food & Beverage Industry Outlook 2024 – Navigating The Culinary Horizon of Tomorrow“ published by Marketsandmarkets, the Top 10 Food & Beverages Markets will grow from USD 164.02 billion in 2023 to USD 179.83 billion by 2024, representing a Yoy increase of 9.6%. The Food & Beverages Industry Outlook covers the plant-based protein...
Spray Drying Equipment Industry Forecast, Business Outlook
Spray drying is a technique used in various industries to convert liquid or slurry feed into a dried powder form. This process is widely employed in the food and beverage, pharmaceutical, chemical, and other industries. The market for spray drying equipment is driven by the growing demand for processed and convenience foods, as well as the need for efficient drying solutions in pharmaceutical and...
Environmental Testing Industry: Key Factors behind Market’s Rapid Growth
The environmental testing market refers to the industry involved in testing various environmental parameters to ensure compliance with regulatory standards and to assess the impact of human activities on the environment. Also, environmental testing and research play crucial roles in understanding, monitoring, and mitigating the impact of human activities on the environment. These efforts...
Modified Starch Market Industry Analysis, Growth Opportunities, Leading Players, and Revenue Forecast
The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. Modified starches are manufactured from native starches. Various processing methods, such as physical, enzymatic, wet-and-dry chemical processes, drum drying, and extrusion, are used to produce different...