Food & Beverage

The global bone broth protein market is anticipated to grow at a considerable CAGR of 5% during the forecast period. Consumers in high disposable income countries are spending high amount on plant-based and protein-rich supplements to maintain their health. This is motivating market players to expand their product portfolio with new products aiming at consumer satisfaction. The key players actively participate in the development of bone broth protein products due to growing demand from the consumer owing to its nutritional benefits.  This is the major factor accelerating the market growth. For instance, In October 2021, Cerebelly launched Bone Broth to their existing line of beloved puree pouches. With 5g of protein in every pouch, this new sub-line supports even the highest levels of protein required for optimal brain development in children 11+ months. The company also launched Bone Broth inspired by soups and stews. It allows children to ... Continue reading →

The confectionery market is anticipated to grow at a significant CAGR of 4.3% during the forecast period. The confectionary market has gained significant popularity across the globe owing to the increasing product innovations, retail market expansion, strong advertisement campaigns among others. Besides, the “better for you” sweets and candies demand is also increasing with consumers preferring a mix of healthy and indulgent treat options. This will also catalyze the growth of the global confectionery market during the forecast period.   Additionally, the emphasis of manufacturers on developing new flavours, packaging, and textures to suit the continuously changing consumer demands is also increased during recent years. The manufacturers are combining lower sugar content with other functional benefits in their confection offering to cater to the rising health concerns across the globe. This has significantly increased the adoption of confectionary ... Continue reading →

The global energy bar market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period. Increasing innovation and demand for different flavors and textures in healthy snack options is likely to come up as a prospective driver for the growth of the global energy bar market. People are increasingly looking for good taste along with healthy ingredients and texture of the energy bar. Due to this increasing demand manufacturers are focusing to deliver a wide range of energy bars with high energy content and ingredients like fruits, cereals, grains along with different flavors such as chocolate, brownie to satisfy people’s taste buds. Manufacturers are continually making efforts to remain competitive in the market by producing bars that are able to be the best of both worlds.   For instance, in 2021, An Indian startup Fuelled Nutrition, launched the first ever microwavable protein bars. Each bar consists of 15 gms of protein and helps one to ... Continue reading →

The global pulse protein market is anticipated to grow at a considerable CAGR of around 4.5% during the forecast period. The rising preference for vegan and natural food ingredients is fueling the pulse protein market. Moreover, pulse protein in the last few years evolved as the key category of plant-based protein and finding large traction among the vegetarian and vegan population. Additionally, currently, consumers are more conscious about their health and hence prefer to consume healthy food for a healthy lifestyle.  Pulse protein is easy to digest and helps in losing excess weight. Plant-based proteins are popular owing to the benefits associated with them, over animal-based proteins and also known as pulse protein is plant-based proteins. For instance,  in March 2021, Amano Enzyme Inc. launched a savory enzyme for plant protein products that is Umamizyme pulse. It is a non-GMO enzyme that is designed for use in a variety of plant protein products that produces a ... Continue reading →

Energy drink market is anticipated to grow at a CAGR of around 6% during the forecast period. Energy drink usually constitutes caffeine along with other mental and physical simulators that are used for providing instant energy to an individual. Nowadays, energy drinks are available in various flavors with vitamins or carnitine, in the market. Energy drinks also come in the no-calorie and sugar option which further enhance its adoption by fitness-conscious population and sports persons. This, in turn, will impact the growth of the energy drink market during the forecast period. Additionally, the rapid adoption of energy drinks by the teenage population across the emerging as well as developed economies will drive the growth of the energy drink market. In addition to this, the increasing purchasing power of the middle-class population is also anticipated to surge the consumption of energy drink thereby contributing significantly to the market growth. However, the increasing ... Continue reading →

The global dry yeast market size was valued at $4.5 billion in 2022, and is projected to reach $7.3 billion by 2030, registering a CAGR of 7.1% during the forecast period (2024-2031). Pet owners have become increasingly conscious about the health & well-being of pets captivating towards organic formulations, unfolding growth opportunities for the dry yeast market. Increasing demand for vegetarian and vegan pet food in European countries. From being a product belonging to a niche segment, dry yeast has transitioned to one of the top performing categories in the animal feed industry. Vegan diets have recently been implemented in the pet food market, creating possible moral discomfort to vegetarians and vegans who share their homes with omnivorous and carnivorous pets. Pet food producers commonly use dry yeast for the production of animal-free pet food as it improves the nutritional content as well as the quality of pet food. The production of active dry yeast is mainly ... Continue reading →

Selenium Yeast Market is anticipated to grow at a significant CAGR of 3.2% during the forecast period.  The major driving factor that enhances the market growth is rising chronic diseases which result in higher blood pressure levels, increasing mental health problems such as memory loss, and an increasing number of asthma patients.  A diet rich in selenium aids in keeping the heart healthy, and consuming selenium yeast improves memory in patients with Alzheimer's. For instance, according to Alz.org, in 2022 1 in 3 seniors dies with Alzheimer's or another dementia, and over 11 million Americans provide unpaid care for people with Alzheimer's. Hence, the rising prevalence of various diseases, and the benefits offered by selenium rice foods enhance the growth of the global selenium yeat market. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers ... Continue reading →

Stevia Market  is anticipated to grow at a considerable CAGR of 9.4% during the forecast period. The beverage industry in the US is flourishing, owing to a strong export and import sector, a big client base, and rising affordability. Soft drink sales represent one of the fastest-growing categories of the beverage market in the US. According to the Beverage Digest, carbonated soft drink sales accounted for $2.9 billion of the nation's $146 billion beverage market in 2019.  Coca-Cola Zero Sugar was declared the fastest growing soft drink in the survey, with an 11.5% increase in retail value and an 8% increase in volume. Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2018, Cargill Inc announced a partnership with Royal DSM to produce highly sought-after sweet-tasting molecules such as steviol glycosides Reb M and Reb D through fermentation, providing food and ... Continue reading →

Starch Derivatives Market is projected to grow at a significant CAGR during the forecast period. The key factors that drive the market growth include a wide range of applications in which starch is used such as food & beverage, feed, paper industry, pharmaceutical industry, cosmetics, plastic, and others. Rising extensive use of natural ingredients across these industries is encouraging the use of starch derivatives and thereby enhancing the market growth during the forecast period.  Further, the extensive use of starch derivatives in making biodegradable plastics for vehicle manufacturing is also spurring market growth. It is a cost-effective alternative to plastic as it is a lightweight component, which increases the overall efficiency of the vehicle. The conventional plastic is non-degradable and increases the production of carbon dioxide. As a result, the use of bio-plastic or biodegradable plastic is increasing since these are renewable resources and significantly ... Continue reading →

The global air core drilling market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The growing consumption of fossil fuel is one the major reason behind the growing demand. Since the inception of industrial revolution, fossil fuels like coal, gas, oil and others have been the major source of energy in the functioning of the industries. With the growing industries, consumption has been also growing over the decades, and has reached to total 136,761 terawatt-hours (TWh) of fossil fuel consumption as per the 2019 data of Our World in Data Organization. The gas consumption reached 39,292 TWh while oil and coal consumption reached 53,620 TWh and 43,849 TWh, respectively, in 2019. To fulfill the consumption, different government and energy agencies have been providing funding and grants for the new renewable energy projects including searching sources of fossil fuels by digging holes which has resulted in the rise of the demand of air core ... Continue reading →