Food & Beverage

The global digestive health drinks and food market is anticipated to grow at a CAGR of 7.4% during the forecast period. Consumers are increasingly shifting towards organic and clean label products that are made of natural, organic, and non-GMO ingredients and deliver functional, plant-based nutrition. Health-conscious consumers are becoming more attentive to product formulation which is inclining them towards health drinks featuring organic and clean labels. Formulators are responding to these trends by offering beverages such as natural ingredients-based digestive health drinks. As a result, companies in the food and beverage industry are well positioning their product to address this demand. For instance, Gist, a prebiotic sparkling beverage brewed with only five organically certified botanical ingredients, launched in 2021. The gist is sold in sleek 12-ounce cans with each can of Gist containing four grams of prebiotic fiber, 14 % of the daily recommended value, from ... Continue reading →

Protein cookies Market is estimated to grow at a moderate CAGR during the forecast period. A protein cookie is a nutshell that contains a variety of critical vitamins and minerals and is a quick source of protein and energy. It is a combination of flavour and nutrition that aids in the reduction of blood pressure and the enhancement of brain function.   The increasing awareness of the nutritious ingredients and multiple health benefits of protein cookies is a major driving factor for the market's growth, also the innovations and taste enhancements being made to the protein cookies. In the forecast period, the global protein cookie market is likely to see new opportunities due to the diversity of protein cookies and improved manufacturing techniques. Protein biscuits appear to have appeared fully formed in the stores of local supermarkets overnight. In reality, they have a wide selection, with many of them occupying the high-visibility end-cap display to attract ... Continue reading →

The global vegan chicken nuggets market is anticipated to grow at a considerable CAGR of 12.5% during the forecast period. Due to COVID-19 pandemic people adopted healthy eating lifestyle and avoided to shop from the retail shops and switched to online buying. During the pandemic period, people were using online platform more as compared to offline due to which the online distribution mode of more in usage. People believed that contact-less buying is the safer option and started adopting online buying of the food products as well. According to the International Food Information Service (IFIS), in 2020, more than 42% of the food ordering market has been held by the onlie distribution channel across the globe. Furthermore, several key market companies are offering online buying of vegan chicken nuggets in hustle-free manner. For instance, in 2020, Meatless Farm Co. and Impossible Foods launched online stores. Consumers can buy their products from online stores with ... Continue reading →

The global vegan chocolate market is anticipated to grow at a significant CAGR of 4.6% during the forecast period. Increasing demand for vegan products among the population, who are more concerned about their fitness and health is the major factor driving the growth of the vegan chocolate market across the globe. Vegan chocolates are high in proteins and contain low calories and fats which aids to lose weight. According to the World Health Organization (WHO), in 2019, an estimated 38.2 million children under the age of 5 years were overweight or obese and 39 million children under the age of 5 were overweight or obese in 2020. The increasing incidences of obesity have decreased the consumption of traditional chocolates as they contain processed sugar which increases the weight due to which the demand for vegan chocolate increases and led to the growth of the vegan chocolate market across the globe.  Moreover, vegan chocolates also support boosting the immune system and ... Continue reading →

The global vegan dessert market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. The growing popularity and adoption of the vegan lifestyle in developed economies such as the US, Canada, and the UK, among others is the primary factor accelerating the market growth. In addition, this growing trend has increased the demand for dairy alternatives, which propels the consumption of oat-based, soy-based, and almond-based ingredients in the production of vegan desserts. Oat milk is a great dairy alternative for those who follow a vegan lifestyle as well as those with special dietary sensitivities or preferences. As a result of which, several key market players are also focusing on re-inventing their existing dairy and non-vegan product portfolios to fulfill the unmet demands of the population. For instance, in April 2022, Bruster’s Real Ice Cream re-launched its non-dairy vegan frozen dessert line, now made with oat milk. With 14 new frozen ... Continue reading →

Vegan protein bars market is anticipated to grow at a CAGR of 11.2% during the forecast period. The consumer inclination toward plant-based food products owing to the increase in food allergies is one of the major factors driving the demand for vegan protein bars. As per the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of allergy. Food allergies are estimated to affect 4% – 6% of children and 4% of adults. Symptoms of an allergic reaction may involve the skin, the gastrointestinal tract, the cardiovascular system, and the respiratory tract. Vegan protein bars contain only protein from plant sources such as peas, brown rice, hemp, and soybean. With the increasing number of health clubs owing to emerging fitness trends and rising awareness about protein bars, the vegan protein bar market is expected to witness significant demand during the forecast period.    Apart from these, increasing marketing campaigns for ... Continue reading →

Brewing enzyme market is projected to grow at a considerable CAGR of around 6% during the forecast period. The use of enzymes in the brewing industry has become increasingly important, as they accelerate the chemical reaction without altering their own structure. Commercial exogenous enzymes are used in different steps to enhance the brewing process, to make the brewing faster, easier, and more consistent. The growth in the alcoholic beverages manufacturing facilities along with rising consumption of beer and other beverages is a key factor anticipated to drive the growth of the global brewing enzyme market.   The rising demand for alcoholic beverages owing to the rising disposable income, the growing young population is promoting the alcoholic beverage manufacturer to expand their production capacity. Heineken N.V., United Breweries (UBL) Breweries, SABMiller Plc, Anheuser-Busch InBev, and Asahi Breweries Ltd. are the key manufacturers of alcoholic beverages across the ... Continue reading →

Desiccated coconut powder market is anticipated to grow at a cagr of 7.5% during the forecast period. The major factor contributing to the growth of the global desiccated coconut powder market is the properties of desiccated coconut powder such as it is highly enriched with fiber and minerals and is gluten-free. Desiccated coconut is a traditional baking and confectionery ingredient in many European countries, and is used in a variety of sweet products. It is also used as an ingredient in Asian savory dishes. As per the Ministry of Foreign Affairs, Europe is the world’s largest importer of desiccated coconut, accounting for more than 30% of global imports in 2021, followed by the US which accounted for 10%, Singapore 8%, and the Russian Federation 4%. As per the same source, European imports of desiccated coconut reached 118 thousand tonnes in 2020, worth $211 million.     Numerous strategic moves such as product launches, partnerships, collaborations, and ... Continue reading →

Functional beverages market is anticipated to grow at a CAGR of around 6% during the forecast period. Functional beverages usually constitute of ingredients such as herbs, vitamins, minerals, amino acids, or raw fruit or vegetables with other performance-enhancing substance. Functional beverages are intended to provide various health benefits. The availability of functional beverages in various flavours and other options such as no-calorie and sugar will significantly enhance its adoption across the globe, which in turn, will drive the growth of the functional beverages market during the forecast period. However, the consumption of functional beverages above the prescribed limit have some adverse health effects which will significantly hamper the functional beverages market growth during the forecast period. The global functional beverages market is segmented based on the type and distribution channel. Based on the type, the market is sub-segmented into energy drinks, sports drinks, ... Continue reading →

The global micronutrient fertilizers market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The increasing implementation of various technologies such as artificial intelligence (AI) and others by government agencies incorporating supportive policies to support farmers and fuel the food & nutrition security in the several countries is one of the major factors projected to drive the growth of the micronutrient fertilizers market. For instance, Soil Health Card (SHC) is a Government of India's scheme promoted by the Department of Agriculture & Co-operation under the Ministry of Agriculture and Farmers' Welfare. It is being implemented through the Department of Agriculture of all the State and Union Territory Governments. SHC is a printed report that a farmer will be handed over for each of his holdings. It will include the status of his soil with respect to 12 parameters, namely N, P, K (Macro-nutrients); S (Secondary- ... Continue reading →