Food & Beverage

The dairy beverage market is anticipated to show lucrative growth at a CAGR of around 7.0% during the forecast period. The dairy beverage market is a highly fragmented market. Around 150 million households globally are working in the dairy production sector. In the emerging economies, a large portion of the milk is bought by the small stakeholders and is a part of the people’s household livelihoods, as the dairy industry is relative offers quick returns for small-scale producers.  A substantial rise has been witnessed by the developing economies in the share of global dairy production. It is mostly due to an increase in the number of milk-producing animals rather than increased productivity. It is mostly due to poor-quality feed resources, diseases, and inadequate access to markets and services related to health, credit, and training. Moreover, a number of emerging economies such as India, Pakistan, and Brazil have hot and/or humid climates that are also ... Continue reading →

The global dairy ingredients market is anticipated to grow at a CAGR of 4.5% during the forecast period. Consumers are more concerned about the products they are intaking and are ready to pay high for certified organic products. Organic-based dairy ingredients offer more nutritional benefits than conventional ones. They are manufactured under strict regulations. Globally, the consumer interest in health and food quality issues is growing, and consumers are buying more organic food which is forcing manufacturers to introduce organic-based dairy ingredients which will accelerate the market growth.  For instances- In May 2021, Lactalis Ingredients offered a new organic whole milk powder, made in France. The milk comes exclusively from French dairy farms that comply with the specifications for organic farming. The organic specifications guarantee a product free from neutralizing agents, antibiotics, preservatives, and other additives. The resulting whole milk powder has a ... Continue reading →

The global dairy snacks market is anticipated to grow at a CAGR of 4.8% over the forecast period. The key factors that drive the growth of the market include the increasing popularity of dairy-based snacking options globally. These dairy-based snacks are enriched with protein and possess the benefits of a dairy-rich diet; hence, this encourages the consumers to adopt these healthy snacking products.  Besides, the increased awareness regarding the health, increasing urban population along with the increasing demand for dairy products in the food & beverage industry are some of the key factors that drive the growth of the dairy snacks industry globally over the forecast period. Further, the key contributions by the key players such as product launches and innovations also support the growth of the market. Players such as Dairy Farmers of America Inc., Danone SA, General Mills Inc., Gujarat Cooperative Milk Marketing Federation Ltd (Amul), Nestle SA, Royal FrieslandCampina NV, ... Continue reading →

Agriculture crop insurance market is anticipated to grow at a CAGR of 6.1% during the forecast period. The introduction of technologies such as satellites, drones, the Internet of Things (IoT), artificial intelligence, mobile application, and other web-based platforms drives the growth of the agriculture crop insurance market. This is attributed to the fact that these technologies enable detection of diseased crops, prediction of weather, storage of data related to crops & micro-level information about the size & condition of land for harvesting crops. Expansion of existing product lines and services offered by crop insurance providers to their customers along various government initatives for supporting the farmers' aganist fluctuation in prices, and yields fuel the growth of the global agriculture crop insurance market during the forecast period.  For instance, the Department of Fertilizers has approved a subsidy of $ 76.24 million to provide Nutrient Based Subsidy ... Continue reading →

The global avocado oil market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The rising number of diseases such as cardiovascular diseases (CVDs) and eye-related disorders is one of the major factors driving the avocado oil market. Due to its high nutritional value and other important nutrients, avocado oil is used in drugs treating such diseases. Avocado oil contains vitamin E and Lutein, which are useful for the eyes. According to the World Health Organization (WHO), around 2.2 billion people aged 50 years and above were diagnosed with near or distant vision impairments. Avocado oil can be used to help in vision impairment prevention. Due to the presence of vitamin E, avocado oil protects against macular degeneration of the eyes and improves eyesight. Macular diseases can lead to vision impairment and blindness. Moreover, the number of CVDs is growing across the globe, which has increased the death rates. According to the WHO, around 18 ... Continue reading →

Chelated iron agricultural micronutrients market is anticipated to grow at a CAGR of 6.9% during the forecast period.  The rising inclination towards consuming healthy food has resulted in increasing focus on farmers boosting their agriculture productivity by using advanced nutrient ingredients and fertilizers. However, the rapid shift in consumer behaviour has also encouraged food manufacturers towards utilizing premium and high-quality supplements in their products to meet the current rising market demand. Moreover, the rise in efforts of the government to support the agriculture sector along with the contribution of the agriculture sector to the country’s GDP led to the expansion of the global chelated iron agricultural micronutrients market. For instance, as per the US Department of Agriculture (USDA), agriculture, food, and related industries contributed $1.05 trillion to the US GDP in 2020. Moreover, with an 11.9% share, food ranked third- behind housing and ... Continue reading →

The global nicotine gum market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. Increasing number of diseases due to tobacco is boosting the global nicotine gum market during the forecast period. Smoking causes stroke, lung diseases, diabetes, cancer, heart disease, and chronic obstructive pulmonary disease (COPD), which includes emphysema and chronic bronchitis. It also increases risk for tuberculosis, certain eye diseases, and problems of the immune system, including rheumatoid arthritis due to which many smokers tends to quit smoking with the help of these nicotine products.  According to Centers for Disease Control and prevention (CDC), Cigarette smoking causes more than 480,000 deaths each year in the US Smoking can cause lung disease by damaging airways and the small air sacs (alveoli) found in lungs. Cigarette smoking causes most cases of lung cancer. Smoking increases the risk for coronary heart disease by 2 to 4 times, also ... Continue reading →

The global food pathogen testing market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2023-2030). An increase in foodborne illness globally drives the demand for food pathogen testing solutions. These illnesses are often a result of consuming contaminated food items containing toxins, parasites, viruses, and chemicals. As per Centres for Disease Control and Prevention (CDC) 76 million foodborne illnesses, including 325,000 hospitalizations and 5,000 deaths, occur in the US each year. Salmonella, Campylobacter, Shigella, Cryptosporidium, and Shiga toxin Escherichia coli are the leading causes of foodborne infections in the US. According to the US Department of Agriculture (USDA), foodborne illness costs the US economy $10-83 billion per year. Over 200 diseases are caused by eating food contaminated with bacteria, viruses, and chemical substances such as heavy metals. This growing public health concern has a significant socioeconomic impact ... Continue reading →

The global kid’s food and beverages market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2023-2030). With the rising health concerns associated with the intake of energy-dense foods high in fat and sugars, nutritional food brands are expected to gain a significant market share in the coming years. The growing health awareness among the people, the increasing government initiatives to feed healthy products to children, and the growing literacy rate are expected to provide a significant push to this market, especially when it comes to child immunity and health. For instance, in 2020, Nestle S.A. launched two new plant-based beverages including Milo and Nesquick Go Vegetal that are made from 100% natural ingredients and have low sugar content. Besides, Eat Well Investment Group Inc. has recently decided to expand one of its companies, Amara Organic Foods, to Canada. These developments and the emergence of new companies specially devoted ... Continue reading →

Antiallergic Non-Drug Supplement Market is anticipated to grow at a significant CAGR during the forecast period. An antiallergic non-drug supplement is a medicinal product that includes various types of nutritional supplements, oils, among others. These supplements are categorized into tablets, capsules, and liquid dosage forms. Antiallergic non-drug supplements can alleviate various types of allergic symptoms and enable allergic patients to deal with the allergic symptoms without using any chemical-based formulations for the treatment.    The increasing prevalence of various allergic conditions such as fever, cough, cold, watery eyes, itching, sneezing, and others is anticipated to create new opportunities for the global antiallergic non-drug supplement market. The rising consumer preference to adopt natural and plant-based supplements is further expected to boost the growth of the global antiallergic non-drug supplement market. Additionally, the harmful effects ... Continue reading →