Food and Services Industry - Market Research Report

In 2023, the global   plant-based yogurt market   was valued at around USD 3.08 billion, and it is forecast to expand to about USD 7.53 billion by 2030, reflecting a compound annual growth rate (CAGR) of 13.9 % over the 2024–2030 period. This growth is underpinned by shifting consumer preferences toward dairy-free products, rising lactose intolerance, increasing health consciousness, and a growing emphasis on sustainable and cruelty-free food choices. Key Market Trends & Insights The plant-based yogurt market is shaped by several distinct trends: Dairy Alternatives & Health Orientation:  As consumers—especially millennials and Gen Z—seek dairy-free and low-lactose options, demand for plant-based yogurts is rising. Many prefer “clean label” and natural ingredient profiles, boosting innovation in formulations. Ingredient Diversification:  While soy remains a dominant base, oat, almond, coconut, and pea protein formulations are gaining share, offering varied tex...

The global   plant-based bars market   was valued at USD 2.73 billion in 2022 and is forecasted to reach USD 7.80 billion by 2030, growing at a compound annual growth rate (CAGR) of 14.0% during the period from 2023 to 2030. The rise is largely driven by increasing consumer focus on health and wellness. Key Market Trends & Insights In 2022, Europe held the dominant position in global plant-based bars, with revenue share exceeding 35%. Within Europe, the UK accounted for the largest share. Among different types of products, protein bars led the market in 2022, also capturing over 35% of market revenue. Of all the plant-based bars, the organic segment is expected to post the fastest growth, with a projected CAGR of 22.4% from 2023 to 2030. In terms of where people buy these bars, hypermarkets & supermarkets were most significant in 2022, holding the dominant position among distribution channels. Market Size & Forecast Market size in 2022: USD 2.73 billion Estimated m...

In 2021, the global   pineapple juice market   was valued at USD 2.37 billion and is forecasted to grow to USD 4.10 billion by 2028, reflecting a compound annual growth rate (CAGR) of 8.1% between 2022 and 2028. The primary driver behind this expansion is the rising consumer preference for fruit juices, thanks to their perceived health advantages. Key Market Trends & Insights In 2021, North America accounted for over 35% of the global pineapple juice market share, making it the largest regional contributor. The Asia Pacific region is the fastest-growing market, projected to expand at a CAGR of 9.4% from 2022 to 2028. By packaging type, tetra pak cartons held over 45% of total revenue in 2021, and this segment is expected to post the fastest growth at a CAGR of 9.7% through 2028. Regarding distribution, offline channels dominated in 2021 with approximately 80% share. Beyond these, evolving lifestyles, growing health awareness, and demand for convenient, nutritious beverage ...

The global   pet food market   was valued at approximately USD 103.3 billion in 2023 and is projected to reach USD 139.29 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2030. This growth is primarily driven by increasing pet adoption, rising consumer awareness about pet health, and a growing trend of pet humanization, where pets are treated as family members. Key Market Trends & Insights Premiumization and Health-Conscious Products: Consumers are increasingly seeking high-quality, nutritious, and functional pet foods. This trend includes products with added benefits like probiotics, antioxidants, and organic ingredients. The demand for premium pet food is expected to continue rising as pet owners become more health-conscious about their pets' diets. Shift Towards Natural and Raw Diets: There is a growing preference for natural and raw pet foods, such as Biologically Appropriate Raw Food (BARF) diets. These products are perceived to be...

The global   pet food ingredients market   was valued at USD 60.48 billion in 2023 and is projected to reach USD 83.60 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. This growth is primarily driven by the increasing adoption of pets worldwide and the trend of pet humanization, where pet owners are more conscious of their pets' nutritional needs, influenced by lifestyle changes such as remote work. These factors have led to a surge in demand for high-quality pet food ingredients that align with human-grade standards. Key Market Trends & Insights Several key trends are shaping the pet food ingredients market: Premiumization of Pet Food: There is a growing preference among pet owners for premium pet food products that offer superior nutritional value. This trend is leading to an increased demand for high-quality ingredients such as specialty proteins, vitamins, and functional additives. Health and Wellness Focus: Pet owners are inc...

The global   pea starch market   was valued at USD 91.7 million in 2023 and is forecast to grow to USD 203.6 million by 2030, representing a compound annual growth rate (CAGR) of 12.1 % from 2024 to 2030. The rising prevalence of celiac disease and gluten intolerance, which fuels demand for gluten-free food products, is among the principal growth drivers. Key Market Trends & Insights In 2023, the North American region led the pea starch market, with the U.S. serving as the major national contributor within North America. By product type, the food segment accounted for the largest share (35.1 %) in 2023. Among functional uses, gelling accounted for the greatest revenue share at 36.3 % in 2023. In terms of end-use, the food & beverage sector held the dominant position. Market Size & Forecast 2023 market size: USD 91.7 million 2030 projected market size: USD 203.6 million CAGR (2024–2030): 12.1 % North America was the largest regional market in 2023. The versatility o...

In 2021, the global   peanut butter market   was valued at USD 5.70 billion. Over the forecast period from 2022 to 2028, it is projected to expand to USD 9.09 billion, reflecting a compound annual growth rate (CAGR) of 6.9%. The rising global awareness of health and nutrition is a major factor fueling this growth. Key Market Trends & Insights Regionally, North America emerged as the leading revenue contributor in 2021. Among countries, Brazil is anticipated to register the highest CAGR between 2022 and 2028. In terms of product type, the crunchy variant accounted for over 45% of the market’s revenue share in 2021. When viewed through the lens of distribution channels, the offline channel dominated revenue in 2021. Beyond that, shifting lifestyles and increased demand for convenience food, coupled with growing concerns about chronic health issues such as hypertension and cardiovascular disease, are creating new opportunities for peanut butter manufacturers. Rising incomes, ...

The global   organic tea market   was valued at USD 704.7 million in 2024 and is projected to grow to USD 1,770.0 million by 2030, representing a compound annual growth rate (CAGR) of 16.6 % during 2025–2030. This strong expansion is primarily driven by the rising consumer interest in health and wellness, particularly the appeal of organic tea’s high antioxidant content and absence of harmful chemicals Key Market Trends & Insights In 2024, the Asia-Pacific region accounted for the largest share of the organic tea market, capturing 34.5 % of revenues The United States is anticipated to witness strong growth throughout the forecast period By product type, camellia sinensis dominated the market with a revenue share of 76.0 % in 2024 In terms of taste, plain (unflavored) organic tea held the leading share in 2024 Regarding form, leaf and powder formats led the market in 2024 Market Size & Forecast Highlights: 2024 market value: USD 704.7 million Forecast for 2030: USD 1,77...

The global   organic fruits and vegetables market   was valued at USD 76.19 billion in 2023 and is forecast to grow to USD 147.31 billion by 2030, driven by a compound annual growth rate (CAGR) of 9.9% between 2024 and 2030. This growth is fueled by rising consumer awareness around the health advantages of organic products, worries about food safety, environmental concerns, and a stronger focus on healthy lifestyles. Key Market Trends & Insights North America emerged as the dominant region — accounting for 41.6% of global revenue in 2023. In the United States, the market is expected to expand at a CAGR of 9.7% from 2024 through 2030. By product type, organic fruits represented 57.0% of global revenue in 2023, underscoring their prominent role in this market. Regarding distribution channels, sales via supermarkets and hypermarkets comprised 52.5% of global revenue in 2023. Market Size & Forecast 2023 Market Size: USD 76.19 billion Projected 2030 Market Size: USD 147.31 ...

In 2023, the global   organic cheese powder market   was estimated at USD 319.66 million. Projections indicate it will reach USD 505.91 million by 2030, reflecting a compound annual growth rate of 6.8% from 2024 to 2030. This expansion is driven by growing consumer preferences for organic and natural food products, as well as the rising demand for convenient, flavor-enhancing ingredients across diverse culinary applications. The surge in health awareness and sustainability concerns is a key underpinning of this trend. Key Market Trends & Insights Europe accounted for over 40% of global organic cheese powder sales in 2023, led by consumer health consciousness and stringent organic standards across countries such as Germany, France, the UK, and the Netherlands. In North America, the United States represented 84% of regional revenue in 2023, with high consumer demand for certifications such as USDA Organic, non-GMO, and gluten-free driving preference for organic variants. Org...

The global   online food delivery services market   stood at USD 380.43 billion in 2024, and is forecast to surge to USD 618.36 billion by 2030. This reflects a compound annual growth rate (CAGR) of 9.0% between 2025 and 2030. This expansion is propelled by technological innovation, urbanization, and evolving consumer lifestyles Mobile ordering has become ubiquitous, thanks to widespread smartphone use and improved internet access. Consumers—especially in urban areas—find the convenience irresistible, eliminating the need to cook or dine out. The rise of cloud kitchens (delivery-only kitchens) has further reduced overheads while helping restaurants scale up by focusing solely on deliveries Strategic alliances between platforms and eateries have broadened menu offerings, while digital wallets and contactless payment systems have streamlined transactions. Moreover, the pandemic accelerated consumer adoption of contactless delivery. All these factors combined to build a resilient...

  The global   nitrogenated coffee market   size was estimated at USD 30.6 million in 2023 and is projected to reach USD 144.5 million by 2030, growing at a CAGR of 24.4% from 2024 to 2030. This strong growth is largely driven by the rising number of health-conscious consumers who prefer nitrogenated or “nitro” coffee for its lower sugar and calorie content compared to traditional coffee beverages. The smooth, creamy, and less bitter taste profile of nitro coffee has widened its appeal, particularly among younger demographics and millennials, by offering a distinctive sensory experience. In addition, the growing demand for lactose-free and non-dairy alternatives has shaped the coffee industry. Almond, soy, oat, coconut, and other plant-based milk have gained significant traction, and nitrogenated coffee complements this trend by blending seamlessly with such alternatives while enhancing the drink with natural sweetness. Manufacturers are also diversifying their product li...