Category: Business

The global plant-based protein market enjoyed a year-on-year (YOY) growth of 6.7% in 2021 to total sales of US$ 11.3 Billion and is projected to surpass US$ 22.5 Billion in 2032 at a CAGR of 7.2%, according to a market analysis performed by Future Market Insights. As the productivity of the food and beverage industries rises, the market for plant-based proteins will expand significantly….

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In 2023, the value of the dog food market is estimated to reach US$ 45,631 million. According to Future Market Insights (FMI), global sales of dog food are expected to reach US$81,224.9 million by 2033, rising at a CAGR of 6% throughout that time period. Customised dog food products are growing more popular in developed countries, and this trend…

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During the projected period, the ready-to-drink coffee market is expected to grow at a 5.0% CAGR. The market is expected to generate US$ 27.35 billion in revenue in 2023, with a value of US$ 43.78 billion by 2033. In the majority of developed economies, premiumization is one of the most important drives. Almost all product categories have two strands that serve…

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In 2023, the worldwide beer market is expected to be worth US$ 759.1 billion US$. This figure is expected to rise to roughly US$ 1,679.5 billion by 2033. Notably, beer sales are expected to grow at a significant 7.6% CAGR throughout the forecast period. The development in desire for premium alcoholic beverages as a result of the increasing trend of socialising and…

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The cheese market is expected to expand from US$ 95.0 billion in 2023 to US$ 160.0 billion by 2033. The product’s improved shelf life, pleasant flavor profile, and diversity at a lower price point than other varieties of cheese on the market have all contributed to an increase in demand for processed cheese in recent years. Tap into Market Opportunities…

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During the forecast period, it is anticipated that the worldwide dairy processing equipment market will expand at a CAGR of 5.4%. (2022-2032). According to projections, the market would be worth US$ 17.2 Billion by 2032, up from US$ 10.2 Billion in 2022. The market for dairy processing equipment, which was valued at US$ 9.7 billion in 2021, is expected to rise…

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The Meat snacks market is anticipated to reach a worth of US$ 10.1 billion by 2022 and then grow at a CAGR of 7.7% from 2022 to 2032, hitting US$ 21.3 billion by that year. In addition to convenience stores, you can now buy meat snacks in refrigerators and the ambient aisle of retailers. Several supermarkets have end-cap displays that are solely for…

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According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of soy milk are estimated to reach a value of USD 14.36 Bn by 2032, surging at 8.4% CAGR through the decade. Soy milk is a great substitute for conventional dairy milk because it has an equal amount of protein and low…

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