Food & Beverage

The global plant based butter market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period. Increasing awareness regarding animal cruelty and its unfavorable environmental effect is expected to support industry growth as well as market growth over the forecast period. Major reason behind the increasing adoption of plant-based alternatives is social and environmental values that they offer. Organizations which work for animal rights and are aware of how animals are handled in the making of goods, have created a change in consumer preferences. This has created opportunities for clean label, organic plant-based butter alternatives in the market. Along with the awareness regarding animal cruelty there is also huge media exposure on the effects of dairy and meat product production on climate.  Plant-based spreads have a lower impact than dairy butter in terms of climate, water, and land usage. According to University of California, shifting away ... Continue reading →

The global plant-based sausage market is anticipated to grow at a significant CAGR of 15.4% during the forecast period. People are becoming more sensitive towards animals due to which there is an increasing number of consumers that are adopting vegan lifestyles. According to the National Survey commissioned online by the Vegetarian Resource Group (VRG) and the Harris Poll, approximately 46% of the US adult population prefers to eat vegetarian meals (always or occasionally). Additionally, around 20% of the US adult population always or sometimes eats vegan meals when eating out. Thus, such factors are accelerating the demand and consumption of plant-based sausages across the globe. Plant-based sausage is infused with 100% proteins and nutrients extracted from vegetables & pulses such as wheat, pea, oats, and beans, which contributes to saving Earth and the ecosystem from deteriorating further. With the rising awareness of physical health consumers and adopting a ... Continue reading →

Plant-Based Protein Supplement market is anticipated to grow at a considerable CAGR of around 8.1 % during the forecast period. Rising awareness about animal welfare and also environmental sustainability pushes customers to shift towards it and adopt a plant-based diet. Customers currently are more health-conscious and perception is also evolving that plant base products are safe and more healthy than animal-oriented products. Furthermore, the increasing vegan population and increasing preference for vegetarian diets is propelling manufacturers to develop innovative sources of plant-based proteins. For instance, according to a report published by the Vegan Society in January 2022, each year a campaign is been launched by it as a Veganuary campaign in that 250,000 in 2019, 400,000 participants in 2020, 582,000 participants in 2021,  629,000 peoples has signed to adopt veganism. As per the data provided by it, veganism is increasing, and it is signed up from 228 countries and ... Continue reading →

Plant Protein Hydrolysates Market is estimated to grow at a considerable CAGR of % during the forecast period. Protein hydrolysates are formed by the hydrolysis of protein. Factors such as the growing demand for plant-based in the sports industry to drive the growth of the global market. Increasing demand for the product as a dietary supplement for infant nutrition, and as a nutraceutical is expected to drive market growth. Additionally, the product is widely used in sports medicines as it enables improved absorption of amino acids as compared to intact proteins, resulting in optimum nutrient delivery to the muscles.  Besides, the use of the product in infant formula to enhance the absorption of amino acids and gain optimum nutrient value of protein is expected to have a positive impact on the market growth. Increasing health awareness, leading to the consumption of functional and nutritional food among consumers is another considerable growth driving factor for the global ... Continue reading →

According to report published by Kings Research, global Beeswax Market produced USD 583.5 million in 2023 and is expected to reach USD 802.4 million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 4.07% between 2024 and 2031. Over the forecast period, North America is expected to increase at a rate of 4.90%, with the United States contributing a sizable portion of revenue in 2023. The region's need for beeswax is expected to rise due to the growing food and beverage industry and the noticeable shift toward organic food items. Key players in the Beeswax are - Silverline Chemicals Koster Keunen LLC Strahl and Pitsch. New Zealand Beeswax Ltd. SHREE GIRI CORPORATION. British Wax Refining Company Arjun Beeswax Gustav Heess Oleochemische Erzeugnisse GmbH A & Z Group  Segments: The Beeswax market has been categorized into distinct segments, taking into account various factors such as product type, application, end-user industry, and geography. The ... Continue reading →

Plant-based snacks market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period. Increasing health consciousness among consumers and increased awareness about health problems are the major factors contributing to the growth of the plant-based snacks market. Health-conscious living has surged the requirement to find nature-based sustainable, preservatives, and chemical-free health foods products. The nutritional benefits of plant-based snacks such as immune function, and reduced risk of several diseases have encouraged consumers to opt for such products. Plant-based snacks are convenient food that provides vitamins, minerals, and energy in a snackable form. Moreover, they offer high nutritional value, such as fiber, minerals, & protein, and other natural properties. Consumers are shifting their eating preferences towards healthy and natural food ingredients which is encouraging the manufacturers to take advantage and offer new and innovative plant-based ... Continue reading →

The global protective cultures market is anticipated to grow at a CAGR of 17.6% during the forecast period (2024-2031). Protective cultures are widely used in the dairy, meat, and poultry industries in addition to the production of plant-based meat alternatives. The cultures help to preserve and enhance the quality of these products, as well as to reduce the risk of bacterial contamination and extend shelf life. They can additionally help to maintain the freshness and safety of the products. The Market’s growth is attributed to increasing demand for plant-based Proteins. The demand for plant-based protein substitutes is increasing on a global scale owing to factors such as health awareness, environmental concerns, and ethical issues. The market for protective cultures in the industry is projected to grow as numerous individuals choose plant-based foods.  The range provides producers with several advantages, including controlling the growth of bacteria, yeast, ... Continue reading →

Processed Mango Products Market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. Mangoes are processed into food products such as chutney, pickles, curries, dehydrated products, puree, canned and frozen slices, juices, and other products. People are highly consuming mango and processed mango products which is expected to boost the growth of processed mango products market. In addition, the increasing health consiouseness among consumers and rising disposable income which in turn has surged the spending on proceesed foods made with natural ingredients, by consumers are the prominent factors boosting the market growth. New product launches by manufacturers are further propelling the market growth. For instance, in March 2020, Banana Wave launched non-dairy, plant-based milk formula, Banana Wave Mango. Made with whole bananas and fiber-rich oat milk, the mango-flavoured beverage is gluten-free, fat-free and non-GMO. It contains no artificial sweeteners, ... Continue reading →

The global processed seafood market  is anticipated to grow at a significant CAGR of 3.9% during the forecast period. The beneficial properties of processed seafood attract consumers and increase the consumption of seafood. Processed seafood contains vitamin B12, phosphorus, magnesium, potassium, and others, which are also medically recommended and beneficial to keeping low cholesterol levels and fighting cancer and tumour growth. The benefits associated with the consumption of processed seafood such as it lowers hearth attacks, boost brain health, help in prevent and treat depression and others, drives the growth of the processed seafood market globally. As per Phys.org, the global per head consumption is estimated at 22.3 kg. The highest consumption at EU level is observed in Portugal (61.5 kg per head) while outside the EU, the top consumers are Korea (78.5 kg per head) followed by Norway (66.6 kg per head). In addition, market players are also contributing to the ... Continue reading →

 Reduced fat non-salted butter market is expected to grow at a significant CAGR during the forecast period. Reduced-fat butter is made by lowering the fat content to 40% or less and has the same flavour and texture as conventional butter. Reduced-fat butter includes plant sterols and stanols, which block the absorption of harmful cholesterol and support to prevention of heart disease. It's also better than normal butter. It has no dietary cholesterol and is low in saturated fat. It is frequently adjusted to have a lower salt level and is good for people who have bone problems. There is no salt added to unsalted butter. Unsalted butter has a more noticeable mellow sweetness than salted butter in terms of flavor. It's excellent for baking and other circumstances where varying ingredient proportions may make or break a dish. The growing number of health-conscious customers has raised the demand for healthy food items, which is expected to drive market growth in the ... Continue reading →