Food & Beverage

The global powdered soft drink market is anticipated to grow significantly at a CAGR of 2.8% over the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the marketplace. For an instance, in January 2022, soft drink company Monster Beverage Corp. announced that it has acquired the Perrin Brewing Co. With this acquisition both the company will provide a full in-place infrastructure, including people, distribution, and licenses, along with alcoholic beverage development expertise and manufacturing capabilities in this industry. In addition, in July 2020, Neuro brands LLC has introduced a new line of powdered drink mixes. The new mix is a new version of neruoSLEEP and neuroIMMUNE beverages. In conjunction with a healthy diet, neuroIMMUNE ... Continue reading →

The global RTD Cocktail market is anticipated to grow at a CAGR of 12.2% during the forecast period. The factor that is augmenting the growth of the market includes the growing demand for low-alcohol contain flavored RTD cocktails among the population especially in the young generation globally. Rum, Whiskey, Vodka, Wine, and others are the most popular cocktails that are largely consumed by people all over the world. The demand for such drinks is high in various countries, especially in North America and Europe. In addition, it is expected that the global consumption of no-low RTD cocktails is expected to increase by over 70% by 2024. Moreover, the rising health concern owing to the high consumption of drinks with high alcohol content is also the factor creating the demand for RTD cocktails. Besides, the production of alcohol drinks with more premium quality, better taste, more flavored, and an affordable price range is expected to create the scope for RTD cocktails drinks ... 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 →

Meat alternatives market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. The increasing vegan population due to the shift of consumers interest towards both vegetarian and vegan diet is rising the demand for plant-based ingredients and alternatives to animal protein. For instance, the 2021 vegan statistics for the UK reveal that the number of vegans in the country increased from 150,000 in 2014, to 720,000 in 2020. Consumers are continuing to seek substitute for meat which is in turn making the companies in the meat alternative market to increase their product portfolio by introducing vegan and plant-based products in the market. This is one of the major factors propelling to the demand for meat alternatives. For instance, in 2020, ADM launched of Arcon T textured pea proteins, Prolite MeatTEX textured wheat protein and Prolite MeatXT non-textured wheat protein expanding its protein portfolio. To Request a Sample of our Report on Meat ... Continue reading →

Meat Snacks Market is anticipated to showcase a moderate CAGR of 5.6% during the forecast period. The key factors that drive the growth of the meat snacks market include the increasing focus of meat snack manufacturers towards innovations. The key companies across the globe are highly inclined towards expanding their production capabilities via the expansion of their production facilities. For instance, In August 2020, Turasky Meats, a Springfield, Ill.-based meat processor and co-packer of meat products and protein snacks had announced to add a second production facility to house its Prairie Sky Snacks business. The new plant will be used to produce snack sticks, whole-muscle jerky, cooked sausages, and other protein snacks. Further, the key players including Associated British Food Plc, Beyond Meat, Inc., Big Chief Meat Snacks Inc., Bridgford Foods Corp., Conagra Brands Inc., Copperstone Foods, LLC, Country Archer Jerky Co., FireCreek Snacks, Hormel Foods Corp., Jack Link's LLC, ... 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 Gummy Vitamins market is projected to grow at a modest CAGR of 7.2% during the forecast period. The major aspect that drives the growth of the market includes the need for sufficient vitamins owing to the increased health awareness among the people. Busier lifestyle and consumption of more junk foods have made the people to opt for supplements as they are insufficient in fulfilling the daily vitamin requirements in the body and leads to vitamin deficiencies and undernourishment problems. Hence, this prompts the need for supplementary vitamins and contributes to the growth of the market over the forecast period. Heightened consumer interest in health and wellness has also prompted significant growth in dietary supplements. To Request a Sample of our Report on Gummy Vitamins Market:  https://www.omrglobal.com/request-sample/gummy-vitamins-market Market Coverage •The market number available for – 2023-2031 •Base year- 2023 ... 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 pet food market is anticipated to grow at a CAGR of 8.5% during the forecast period. In recent times, the invention of vegan alternatives in the pet food industry has been witnessed over the years. People are increasingly becoming bothered about the slaughter of animals and the environmental destruction caused by animal husbandry. This results in the changing preference toward vegan diets for both themselves and their pets, boosting the global vegan pet food market growth. Domestic meat consumption is responsible for releasing greenhouse gases such as methane, CO2, and nitrous oxide. This is increasing the concern among people about the ethical implications of their pet food. Consumer participation in response to environmental concerns and sustainability is pushing pet food companies to evaluate their carbon footprints.  Feeding meat to dogs and cats has a large impact on the environment. A study titled “Environmental Impacts of Food Consumption ... Continue reading →

One ancient berry has been making a contemporary comeback in a world constantly seeking novel ways to enhance dietary practices with both health and flavour. Barberries, a tiny, tangy treasure, have been a staple in Middle Eastern cuisine for centuries. Known for their vibrant colour and sour taste, these little jewels are a culinary delight and a powerhouse of nutrition. Rich in vitamins, minerals, and antioxidants, barberries can add a delightful twist to your meals while boosting your health. In this blog, we will explore how to incorporate barberries into your daily diet, ensuring each meal is a treat to your taste buds and a step towards a healthier you. Unleashing the Power of Barberries in Breakfasts Starting your day with barberries can add a refreshing zing that wakes up your palate while nourishing your body. Imagine stirring a spoonful of these ruby-red gems into your morning yogurt, their tangy flavour cutting through the creaminess while their burst of colour ... Continue reading →