Food & Beverage

The global meal kit delivery services market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. With the shift in the work environment over the recent year from office to home, the market is observing a sudden rise in the adoption of B2B platforms for meal kit delivery services by major market players. Meal kit delivery service providers are inclining toward giving employers and companies digital benefits that fit their employee's requirements when working remotely or in the office. Many companies provide employees with perks such as free lunch and snacks to retain them and support beyond their paychecks. However, the COVID-19 pandemic situation shifted employees and organizations to work from home and created challenges. Due to this market players are focusing on providing single-serving meal subscription services to employers that arrive ready to heat even when their employees are working remotely. For instance, in March 2022, Factor75, ... Continue reading →

Oat-based snacks market is anticipated to grow at a considerable CAGR of 4.4% during the forecast period. A rising shift in consumer preference towards convenient and healthy on-the-go breakfast snacks is considered to be the primary factor driving the growth of the oat-based snacks market. On-the-go breakfast snack products are progressively becoming popular in the search for high energy content in small packaging among working-class people and teenagers. People are increasingly becoming aware of the high nutritional value offered by oat-based snacks. Along with this, the innovation in these products has provided consumers with the convenience of storage, quick usage, and easy provision for nutrition and fiber to motivate the global demand for oat-based snacks in the market.  As a result, manufacturers in the industry are focusing on providing on-the-go breakfast snacking options with oats as their main ingredient to serve the rising demand for healthy and nutritious food. ... Continue reading →

Organic beverages market is anticipated to grow at a significant CAGR during the forecast period. Organic beverages are made from naturally grown food products that are grown without the use of synthetic pesticides, growth hormones, and genetic engineering. The organic beverages don’t contain any artificial flavors or colors and are preservative-free. Organic beverages are preferred mostly above drinks that lack nutritional value and are high in sugar. The rapid growth in per capita incomes of the population across emerging economies will drive the growth of the organic beverages market. In addition to this, increasing urban and young populations entering the middle-class segment is also anticipated to surge the consumption of organic beverages thereby contributing significantly to the market growth. Besides, the increasing urban population is also willing to pay for premium organic beverage products which will considerably influence the overall value of organic beverages ... Continue reading →

The global pregelatinized starch market is anticipated to grow at a CAGR of 15.1% during the forecast period. The major vendors such as Roquette Frères, Cargill Inc., and Tate & Lyle, are focusing on adopting various strategic moves such as mergers and acquisitions, collaboration, and partnerships to remain competitive in the marketplace. For instance, In January 2022, DFE Pharma expanded its nutraceutical portfolio with the launch of three starch-based excipients. Through this product launch, the company aims to tap into formulation requirements across the industry, which has seen heightened attention from consumers since the onset of the COVID-19 pandemic.The product includes Nutroféli ST100, a native starch; Nutroféli ST200, a partially pregelatinized starchand Nutroféli ST300, a fully gelatinized starch.  In December 2021, American Key Food Products offered Native Waxy Potato Starch and Pregelatinized Native Waxy Potato Starch, made ... Continue reading →

Ready to Drink Tea Market is anticipated to grow at a substantial CAGR of 4.9% during the forecast period. Manufacturers of ready to drink tea are launching products with claims such as functional claims for immune function, low/no-sugar formulations, and products which supports common health concerns which are attracting huge population base. These products contain various nutraceutical ingredients and deliver powerful benefits and thus are gaining popularity among health-conscious youth. For instance, in October 2021, Kirin Beverage Co. announced to launch two immunity beverages in Japan by 2022. The products offering will includes Kirin Gogo-no-Kocha Milk Tea Plus and Kirin Namacha Life Plus Immune Assist which contains Kirin’s proprietary Lactococcus lactis strain Plasma, further supporting healthy immune system. Furthermore, in March 2021, Suntory PepsiCo Beverage Company announced launched Suntory TEA+. Suntory TEA+ is a ready-to-drink (RTD) oolong tea in Thailand. TEA+ is ... Continue reading →

Coffee pods and capsules market is expected to grow at a CAGR of 6.5% during the forecast period. Owing to the growing environmental concerns related to the packaging of coffee pods and capsules, new entrants are coming up with innovative and sustainable packing solutions. Pods and capsules made from recyclable and environmentally-friendly materials make them popular among coffee drinkers. The increasing need to control the negative environmental impact caused due to waste of coffee pods and capsule packaging is constantly challenging companies to reconsider the way they source, use, and recycle materials. Key players in the industry are inclining their efforts in producing biodegradable pods owing to the high demand for sustainable solutions in the coffee pods and capsules industry. For instance, in 2022, Coles, an Australian supermarket chain launched home compostable coffee capsules under its Coles Urban Coffee Culture brand. The compostable pods are made with bio-sourced cellulose ... Continue reading →

Prebiotics powder market is anticipated to grow at a significant CAGR during the forecast period . The major factor attributed to the market growth includes the increase in the use of prebiotics in the dairy industry owing to its health benefits which are further likely to augment their consumption among the global population. In addition, the increasing technological advancements in developing inulin and oligosaccharides are anticipated to replace sugar which is also likely to drive the market during the forecast period. Another key benefit offered by the prebiotics is that these are sources of fibers that offer a crucial feed source for the essential bacteria which contribute to the protection of the colon. Growing digestion problems is the key factor that is likely to drive the prebiotics demand in the future years. Natural foods such as onions, wheat bran, leek, garlic, and food products such as yogurts, cereals, bread, and biscuits have plenty of prebiotics in them. Prebiotics ... Continue reading →

The global cold-pressed canola oil market is anticipated to grow at a considerable CAGR of 18.5% during the forecast period (2024–2031). Canola oil consumption is increasing significantly around the globe owing to numerous advantages to the health it provides. Canola oil has a lower saturated fat content than other oils. Besides that, organic cold-pressed canola oil use is fast expanding among health-conscious customers. Cold-pressed canola oil includes omegas 3, 6, and 9; vital fatty acids lower cholesterol and maintain a healthy heart, cognitive function, and joint mobility, increasing consumer usage. Since cold-pressed canola oil is pure and free of additives and processing, it is in high demand among customers.  Additionally, the expansion of the e-commerce sector is pushing local vendors in the cold-pressed canola oil market to distribute cold-pressed canola oil worldwide, resulting in a major increase in corporate penetration in cold-pressed canola oil ... Continue reading →

The global instant beverage premix market is anticipated to grow at a CAGR of 6.3% during the forecast period. Rising launches of instant beverage premixes with organic and natural ingredients and with functional claims are found to be very appealing to consumers who crave a variety of drinks. Growing health consciousness among consumers is inclining them towards ingredients such as turmeric, ginger, cardamom, lemon, black pepper, clove, mint, cinnamon, and apple cider vinegar, amongst others, which support the digestive system and improve overall health and wellbeing. Consumers are increasingly looking for instant beverage premix made with natural ingredients as a simple way to introduce healthy ingredients into their diets.  Formulators are responding to this demand by offering natural ingredients-based instant beverage premix to attract more customers. For instance, in August 2020, Society Tea introduced Society Cleanse – Green Tea Detox Kahwa Premix, made of ... Continue reading →

The global organic spice market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. The growing demand for natural and organic ingredients in the food industry is anticipated to fuel the organic spice market. These spices are nurtured without synthetic fertilizers, pesticides, genetically modified crops, and waste sludge due to which these are considered clean and healthy food ingredients. Organic spices are free from adulteration, artificial flavours, and preservatives. Further, these spices are fertilized with organic manure and biofertilizers due to which they have high nutrient content, fresher fragrance, and taste which results in the growing demand for such products. Market players are concerned about expanding their organic products portfolio to remain competitive in the market. For instance, in December 2020, Organic Condiments (ORCO) launched 32 new products, to expand the portfolio with 100% natural, healthy and certified organic ... Continue reading →