Food and Services Industry - Market Research Report

The global   red meat market   was valued at USD 879,968.5 million in 2024 and is projected to reach USD 1,208,461.0 million by 2030, registering a CAGR of 5.5% from 2025 to 2030. Rising demand and consumption of red meat are largely driven by economic growth, lifestyle shifts, and evolving dietary preferences worldwide. Economic expansion in emerging regions across Asia Pacific, Latin America, and parts of Africa has led to higher disposable incomes, enabling consumers to purchase premium protein sources like red meat. Urbanization is reshaping dietary habits, with urban populations increasingly adopting Western eating patterns where red meat is a dietary staple. Middle-class consumers, in particular, are driving this trend due to greater access to diverse food choices and a willingness to pay for quality proteins. Health and wellness trends are also influencing market growth. Red meat is widely recognized as a nutrient-dense source of high-quality protein, iron, and vitamin ...

The global   non-alcoholic RTD beverages market   size was valued at USD 931.18 billion in 2023 and is projected to reach USD 1,442.94 billion by 2030, expanding at a CAGR of 6.5% from 2024 to 2030. The market is witnessing robust growth, driven by multiple factors such as shifting consumer preferences, increasing health consciousness, and rising demand for convenient beverage solutions. The increasing consumer preference for healthier beverage options is significantly boosting the market. As health and wellness trends gain momentum, many consumers are replacing sugary sodas with non-alcoholic RTD beverages featuring natural ingredients and functional benefits. The convenience factor is another major driver—busy lifestyles and the need for on-the-go refreshment have made RTD beverages a popular choice for home, work, or travel. Product diversification is further accelerating growth, with options such as RTD tea and coffee, functional beverages, juices, dairy-based drinks, and ...

The global   mushroom drinks market   was valued at USD 3.70 billion in 2023 and is projected to reach USD 5.78 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030. Mushroom drinks are steadily gaining traction within the functional beverages sector as consumers increasingly seek products offering health benefits beyond basic nutrition. The mushroom drinks market includes a variety of products such as mushroom coffee, teas, elixirs, and other beverages infused with medicinal mushrooms like reishi, lion's mane, chaga, and cordyceps. Rising consumer health consciousness, innovative product launches, and increasing preference for natural and organic beverages are key drivers boosting market growth. One of the primary factors fueling demand is the growing awareness of the health benefits linked to medicinal mushrooms. These mushrooms are associated with immune system support, cognitive function improvement, anti-inflammatory effects, and stress reduction. For instance, l...

The global   pasta sauce market   size was estimated at USD 13,465.0 million in 2019 and is projected to reach USD 17,331.3 million by 2027, expanding at a CAGR of 3.2% from 2020 to 2027. The increasing popularity of pasta as an alternative to rice and other traditional staple meals at the global level continues to support the industry's growth trajectory. Packaged pasta sauce significantly reduces the time and effort required for sourcing individual ingredients, processing them, and preparing meals. As a result, such convenience-focused products have found strong appeal among students and working professionals. Over the years, the global rise in the middle-class population has led to greater reliance on imported foods and farm products. This demographic shift, along with rapid urbanization, has driven demand for convenient packaged food items, including pasta and accompanying sauces. Fast-casual dining chains like Pasta Flyer, Olive Garden, and Maggiano have further fueled th...

The global   organic tea market   size was estimated at USD 704.7 million in 2024 and is projected to reach USD 1,770.0 million by 2030, growing at a CAGR of 16.6% from 2025 to 2030. Increasing consumer awareness about the health benefits of organic tea, such as its rich antioxidant content and absence of harmful chemicals, is a major growth driver. The rising focus on health and wellness and the preference for natural and organic products are significantly contributing to market demand. Additionally, the growing consumer inclination toward healthy beverages is expected to further boost market growth. The expanding middle-class population, particularly in emerging economies, coupled with rising disposable incomes and an inclination toward premium products, is accelerating market expansion. The cultural significance of tea in various regions, combined with the introduction of innovative flavors and blends, is attracting a diverse consumer base. Furthermore, the increasing avail...

The global   probiotics in animal feed market   size was estimated at USD 5,181.7 million in 2023 and is projected to reach USD 9.18 billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030. Commercially manufactured probiotics used in animal nutrition are generally available in either liquid or solid forms and are categorized into bacteria, yeast, or fungi. As global demand for protein-rich diets increases, stakeholders are enhancing the production of probiotics in animal feed. To combat the occurrence of disease outbreaks among cattle and poultry, the adoption of these probiotics is gaining momentum. Key companies are also scaling up their R&D efforts to tap into the expanding opportunities in this market. In August 2023, biotechnology companies Austrianova and ProAgni formed a strategic partnership aimed at transforming the animal feed sector. Their joint venture focuses on developing and commercializing probiotic additives for cattle and other farm animals using th...

The global   potato processing market   was valued at USD 37.85 billion in 2023 and is projected to reach USD 56.5 billion by 2030, expanding at a CAGR of 5.9% from 2024 to 2030. One of the primary factors propelling this growth is the rising demand for convenient food options that require minimal preparation. As urbanization intensifies and lifestyles become increasingly fast-paced, consumer preferences are shifting toward ready-to-eat and easy-to-prepare food items. Moreover, growing health consciousness is influencing demand for organic and low-calorie processed potato products. These evolving preferences are encouraging manufacturers to innovate, incorporating healthier ingredients and introducing new flavors to cater to a broader demographic. The rise of quick-service restaurants (QSRs) has also played a significant role in fueling the market. Popular chains like McDonald's and KFC rely heavily on potato-based items such as French fries and hash browns, which are widely c...

The global   popcorn market   size was estimated at USD 6.53 billion in 2024 and is projected to reach USD 10.35 billion by 2030, expanding at a CAGR of 8.2% from 2025 to 2030. This growth is largely driven by the increasing global inclination toward wellness and healthier snacking options. Shifting consumer behavior in the food and beverage sector is playing a vital role in market expansion. The COVID-19 pandemic significantly disrupted the global popcorn supply chain and distribution networks, especially with the temporary shutdown of convenience stores and super/hypermarkets Sustainability and personal health, once considered niche concerns, are now key drivers of purchasing decisions. Consumers are increasingly opting for convenient, healthy, and eco-friendly food products. The rising interest in plant-based proteins and the shift toward mindful shopping habits, influenced by the pandemic, have further accelerated demand for healthier snack alternatives like popcorn. Moreo...

The global   peanut butter market   was valued at USD 5.70 billion in 2021 and is projected to reach USD 9.09 billion by 2028, expanding at a CAGR of 6.9% from 2022 to 2028. This growth is primarily driven by a global rise in health awareness, which has significantly influenced consumer preferences towards nutritious food options. The increasing disposable income in developing nations, alongside greater global awareness of nutritional benefits, is expected to further accelerate market expansion throughout the forecast period. Additionally, the ongoing expansion efforts by key market players and the introduction of new product variants are anticipated to create fresh growth opportunities. However, the market continues to face challenges, including limited awareness in parts of the Asia Pacific region, inconsistent peanut production, fluctuating raw material costs, and trade-related barriers such as tariffs. For example, in 2018, the European Union proposed higher import duties ...

  The global   organic fruits and vegetables market   was valued at USD 76.19 billion in 2023 and is projected to reach USD 147.31 billion by 2030, expanding at a CAGR of 9.9% from 2024 to 2030. This growth is largely fueled by increasing consumer awareness of the health benefits associated with organic products, growing concerns about food safety, environmental sustainability, and a stronger shift towards healthy living. According to the FIBL (Forschungsinstitut für biologischen Landbau) survey, global organic food retail sales reached approximately USD 146 billion (135 billion euros) in 2022. Consumers are turning to organic produce due to concerns about the potential health risks linked to conventionally grown products. The perceived higher nutritional value and the absence of harmful chemical residues in organic items are significant motivators. Demand for organic berries such as blueberries and strawberries has surged, supported by research indicating higher antioxid...

The global   online food delivery services market   size was estimated at USD 380.43 billion in 2024 and is projected to reach USD 618.36 billion by 2030, growing at a CAGR of 9.0% from 2025 to 2030. This growth is being driven by technological advancements, rapid urbanization, and evolving consumer lifestyles. The widespread adoption of smartphones and high-speed internet connectivity has significantly enhanced the ease and accessibility of online ordering. This convenience appeals particularly to urban consumers who seek quick meal options without the hassle of cooking or dining out. Furthermore, the emergence of cloud kitchens, which operate without dine-in facilities, has helped reduce operational costs and allowed restaurants to focus exclusively on delivery services, thus enhancing market scalability. Collaborations between food delivery platforms and restaurants have widened menu choices, elevating the customer experience. The integration of digital wallets and contactl...