Food & Beverage

Digestion Aids Market is anticipated to grow at a significant CAGR during the forecast period. The market growth is largely attributable to the growing prevalence of digestive diseases all over the globe. The underlying cause of such diseases lies in the sedentary lifestyle. This, in turn, is driving the demand for digestion aids products. In various developed economies where growing health awareness has resulted in an elevated per capita expenditure, the adoption of digestive health aids has been observed as a prominent market trend.  There has been observed an increased consumption of packaged as well as junk food due to the growing working population all over the globe that prefers ready to eat products over opting for homemade meals. This has resulted in elevated consumptions of high-sodium foods which primarily interferes with the body’s digestive mechanism. Thus, the high prevalence of digestive disorders is particularly noted in the economies of the US, Japan, ... Continue reading →

Premium Alcoholic Beverage Market is anticipated to show at a lucrative growth at a CAGR of around 7.0% during the forecast period. An increase in the youth population, rising per capita disposable income, and innovation to the alcoholic product range are some of the major factors for the growth of the market. Moreover, shifting toward online sales channels is also providing access to the premium beverage market. The alcohol market is a mature market and as per OMR analysis, it is expected to grow at a CAGR of around 3% during the forecast period and rising demand of premium alcoholic beverage is one of the key factors for the growth of the market as it is augmenting at a CAGR of around 7.0% during the forecast period.  However, increasing preference for non-alcoholic beverages, health-related issues due to high consumption of alcohol are some of the major restraining factors for the market growth. Moreover, the impact of the COVID-19 on alcoholic consumption is also coved ... Continue reading →

Vegan Baking Ingredients Market is anticipated to grow at a CAGR 7.0% during the forecast period. The vegan baking ingredients market is growing significantly with the increasing demand for vegan baking essential due to increasing awareness toward its health benefits all across the globe. The vegan lifestyle is now being adopted by a significant base of the population across the globe which is surging the demand for plant-based baking products. Moreover, the increasing availability of dairy baking alternatives in the market is also significantly promoting the growth of the vegan baking ingredients market.  Additionally, online stores are also utilizing the vegan baking market opportunity by offering a range of vegan baking ingredients to their raising customer base. Moreover, a positive trend toward veganism is expected after the COVID-19 pandemic which will further augment the market growth. However, the consumption of baked is lowering down in recent years due to the ... Continue reading →

Fortified wine market is estimated to grow at a CAGR of nearly 4.8% during the forecast period. The major factors contributing to the growth of the market include emerging demand for premium alcoholic beverages and growing disposable income across emerging countries. As per the State Council of the People's Republic of China, the country’s per capita disposable income stood at $1,265 in the first three months of 2019, up 6.8% year-on-year in real terms. Urban and rural per capita disposable income reached nearly $1735 and $686 in the first quarter of 2019, up 5.9% and 6.9% in real terms, respectively. Chinese per capita consumer spending increased by 5.4% year-on-year in real terms to reach nearly $826 in the first quarter of 2019. This rising per capita income is further supporting to drive the market growth in the country. This, in turn, is expected to contribute to the adoption of premium fortified wine products. Further, the adoption of fortified wine are being ... Continue reading →

The global vitamin fortified and mineral enriched food and beverage market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period. The growing awareness about nutrient deficiency such as vitamin A, D, iron, and other nutrients is boosting the global vitamin fortified and mineral enriched food and beverage market during the forecast period. According to the World Health Organization (WHO), in 2019, around 29.9% of women aged 15-49 years suffered from anaemia. 39.8% of children aged 6-59 months years suffered from anaemia. •             According to WHO, around 250,000–500,000 children who are vitamin A-deficient become blind every year, and half of them die within 12 months of losing their sight. Vitamin A deficiency makes a person blind by making the cornea very dry and then damaging the retina and cornea. ... Continue reading →

Food hydrocolloids market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. One of the key factors fueling the market growth includes the rising demand for processed and convenience food products across the globe. Hydrocolloids provide a major opportunity for tailoring nutritional value and offer potential health benefits via control of gastric emptying and ileal brake mechanisms (potentially and satiety obesity), plasma cholesterol levels (cardiovascular disease), glycemic response (diabetes), and carbohydrate fermentation throughout the large intestine (colon cancer). Such benefits have been increasing the demand for food hydrocolloids which is reflected in the active participation of market players. For instance, in December 2020, CP Kelco introduced GENU Pectin YM-FP-2100, a clean-label-friendly element that offers a medium-to-high thickness in the fruited drinking yogurt and with ease of pumpability at the fruit grounding stage. The global food ... Continue reading →

Egg replacers market is anticipated to grow at a considerable CAGR of 6.5% during the forecast. The market is strongly driven by the increasing vegan, vegetarian, and flexitarian population. Consumers following vegan or dairy-free diet prefer products that comprise Plant-based proteins due to various health & ethical matters. Egg replacements ingredients are available in the market like plant based food which offers similar benefits to eggs. Due to this vegan trend, growing number of people are shifting to plant-based and more sustainable foods. The increasing consumer preference for vegan processed food products has increased the demand in plant-based dairy and egg market. Major companies producing egg replacers are focused on new product development to satisfy the growing consumer's demand. For instance, in July 2021, Nabati Foods expanded its line-up with vegan eggs called Nabati Plant Eggz. It is a liquid vegan egg replacement which is free from soy, gluten and uses ... Continue reading →

The global hybrid seeds market is anticipated to grow at a considerable CAGR of around 8.5% during the forecast period. Several new product innovations and modernization of agriculture are factors that are propelling the global hybrid seeds market to grow at an extensive rate. Various companies in the agriculture seeds are market are developing the new hybrid seeds for various crops and in different duration that are supporting market are launching them in the market for the growth. For instance, in January 2022, Nuziveedu Seeds has launched a new hybrid Bajra 'Sunmax' and it would benefit the farmers this new hybrid variety of Bajra ‘Sunmax’ would give more benefit to the farmers as its hybrid seeds give more fodder with good yield and owing to the good quality of the grain, it is tastier in food and more marketable. Moreover, this seed has encouraged the farmers to do modern scientific farming and informed them about the management of diseases and pests ... Continue reading →

The global food certification market is anticipated to grow at a CAGR of 5.1 % during the forecast period. Governments are making food safety a public health priority, as they play a pivotal role in developing policies and regulatory frameworks and establishing and implementing effective food safety systems. The growing initiative by food certification bodies to ensure food safety and stronger food systems is propelling the growth of the food certification market during the forecast period. For instance, in 2018, FSSAI launched Eat Right India. “Eat Right India” adopts a judicious mix of regulatory, capacity building, collaborative, and empowerment approaches to ensure that food is good both for the people and the planet. Furthermore, in 2021, FSSAI introduced Food Safety Display Boards (FSDBs) for various food businesses. As per FSS Regulations, displaying an FSSAI license or registration in any food premises has been mandatory to change the overall consumer ... Continue reading →

Galacto-oligosaccharides market is projected to grow at a considerable CAGR of 8.5% during the forecast period. There is a high demand for functional food and beverages with prebiotic properties. The rising demand for fortifying food with prebiotic ingredients is anticipated to drive the growth of the galacto?oligosaccharides market across the globe. Fortification of functional food and beverages with galacto?oligosaccharides promotes the development of good bacteria and eliminates harmful bacteria, including salmonella, listeria, and campylobacter. The high use of galacto?oligosaccharides in the preservation of dairy products is expected to drive its market growth. The increasing awareness related to the advantage of taking galacto?oligosaccharides by both infants and adults along with the rising demand for food & beverages and dietary supplements across the globe is again driving the global market. Companies including ZuChem, Inc., Abbot Laboratories, and Glycosyn LLC have been ... Continue reading →