Food and Services Industry - Market Research Report

The global   rice bran oil market   was estimated at USD 4.85 billion in 2023 and is projected to reach USD 6.25 billion by 2030, representing a compound annual growth rate (CAGR) of 3.7 % from 2024 to 2030. Rice bran oil is obtained from the bran and germ layers of rice grains and is gaining traction due to its favourable cooking qualities and health-oriented profile. Key Market Trends & Insights The market is driven by rising consumer interest in healthier edible oils and growing demand for functional ingredients. Rice bran oil contains unsaturated fats, antioxidants, vitamin E and gamma-oryzanol, giving it appeal for cholesterol management and versatility in cooking (it has a high smoke point around 450 °F). Among type segments, the non-organic portion dominated in 2023, accounting for around 87.0 % of revenue, largely because of its affordability, broad availability and established supply chains; however the organic segment is expected to grow fastest (around 4.7 % CAG...

The global   reduced sugar food and beverages market   was valued at USD 46.18 billion in 2021 and is projected to reach USD 99.79 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030. This growth is primarily driven by increasing health consciousness among consumers, rising incidences of lifestyle-related diseases such as obesity and diabetes, and a growing preference for healthier food and beverage options. Key Market Trends & Insights North America accounted for the largest revenue share of over 30% in 2021. Asia Pacific is expected to emerge as the fastest-growing regional market and register a CAGR of 9.9% over the forecast period. By product, the beverage segment contributed to a larger market share of over 40% in 2021. By distribution channel, The supermarkets and hypermarkets segment held the largest share of over 65% in 2021. Market Size & Forecast 2021 Market Size: USD 46.18 Billion 2030 Projected Market Size: USD 99.79 B...

The global   reduced fat butter market   is experiencing steady growth, driven by increasing health consciousness among consumers. Valued at approximately USD 1.12 billion in 2024, the market is projected to reach USD 1.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2030. This growth reflects a shift towards healthier dietary choices, with consumers opting for reduced-fat alternatives to traditional butter. Key Market Trends & Insights Several factors are influencing the dynamics of the reduced fat butter market: Regional Dominance: Europe led the market with a significant revenue share of 30.8% in 2024, indicating a strong preference for reduced-fat dairy products in the region. Growth in North America: North America is anticipated to exhibit the fastest growth, with a projected CAGR of 4.9% over the forecast period. This growth is attributed to increasing health awareness and dietary preferences favoring reduced-fat options. Dist...

In 2022, the global   quinoa seeds market   was valued at USD 382.62 million. It is expected to rise modestly to USD 389.22 million by 2030, reflecting a compound annual growth rate (CAGR) of 0.21 % from 2023 to 2030. The moderate growth is primarily propelled by increasing consumer interest in plant-based diets and the heightened demand for gluten-free foods. Key Market Trends & Insights In 2022, North America led the market with a 28.7 % share in revenue, supported by strong demand for vegan food and the presence of major industry players. Over the forecast period, the U.S. is projected to grow at a 0.29 % revenue CAGR. By type, white quinoa dominated in 2022, accounting for 50.4 % of market revenue, owing largely to its milder taste and greater consumer familiarity. In applications, the direct whole seed consumption segment seized the largest revenue share (68.7 %) over the forecast period, benefiting from culinary applications like salads, soups, and ready-to-eat meals...

The global   protein ingredients market   was valued at USD 52.63 billion in 2024 and is projected to reach USD 85.84 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2033. This growth is driven by increasing consumer awareness regarding the importance of protein in maintaining overall health, muscle development, and metabolic function. Key Market Trends & Insights Regional Dominance: North America led the global market in 2024 with a share of 37.4%. The U.S. protein ingredients market is expected to grow at a CAGR of 5.1% from 2025 to 2033. Product Segmentation: Animal/Dairy proteins accounted for 68.6% of the market share in 2024. Plant-based proteins and microbe-based proteins are gaining traction due to rising vegan and sustainability trends. Application Areas: The food and beverages sector dominated the market with a 59.4% share in 2024. Other significant applications include infant formulations, animal feed, and clinical nutrients...

The global   protein extracts from single cell protein and other conventional sources market   was valued at USD 20.4 billion in 2022. This market is projected to reach USD 36.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. The increasing demand for sustainable and alternative protein sources in food and feed applications is a significant driver of this growth. Key Market Trends & Insights The market is witnessing a shift towards plant-based proteins, driven by consumer preferences for healthier and more sustainable food options. Technological advancements in protein extraction and production are enhancing the efficiency and scalability of protein extraction processes. Additionally, government initiatives promoting sustainable food production are further fueling the market's expansion. Market Size & Forecast In 2023, the market size is expected to reach USD 22.2 billion. By 2030, it is projected to grow to USD 36.4 billion,...

In 2023, the global   protein detection and quantification market   was valued at USD 2.68 billion, and it is forecast to reach USD 4.83 billion by 2030, registering a compound annual growth rate (CAGR) of 9.0% between 2024 and 2030. Key drivers include rising demand in proteomics research aimed at deepening understanding of protein interactions, functions, and modifications. Growth also reflects increased demand from diagnostic and personalized medicine, as well as government and institutional investment. Key Market Trends & Insights Regional dominance: North America led the market in 2023, holding 37.2% of global market share; the United States played a major role within that region. End-use sector: Hospitals and diagnostic centers represented the leading end-use category, commanding 48.3% of the market in 2023. Application focus: The drug discovery and development segment also held 48.3% of the market in 2023, making it the top application area. Product mix: Kits and re...

In 2023, the global   protein binding assays market   was valued at USD 455.6 million. It is anticipated to expand to USD 896.3 million by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 10.2% over the forecast span from 2024 to 2030. Protein binding assays are biochemical and molecular‐biology tools used to examine interactions among proteins, nucleic acids, or combinations thereof. Key Market Trends & Insights In 2023, North America held the largest regional share of the market, at 40.8%. The Asia Pacific region is projected to grow the fastest, with a CAGR of 11.1% over the forecast period. By product & services category, the services segment was dominant in 2023, capturing 44.7% of the market. With respect to end‐use, pharmaceuticals and biotechnology led with a 46.4% share in 2023. Among technologies, equilibrium dialysis was the most used in 2023, with a share of 49.7%. Market Size & Forecast 2023 market size: USD 455.6 million. Projected 2030 market...

The global   processed & frozen fruits market   was valued at USD 50.58 billion in 2021, and it is expected to expand to USD 66.94 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 4.1% over the period from 2022 to 2028. Growth is driven by increasing investment in processed foods, rising expenditures on food products—particularly packaged fruits—and shifting consumer preferences toward convenience. Key Market Trends & Insights In 2021, North America accounted for the largest share globally, contributing over 30% of total market revenue. The Asia Pacific region is set to grow the fastest during the forecast period, with an anticipated CAGR of 5.4% between 2022 and 2028. By product, the canned fruits segment held the greatest share of more than 30% of market revenue in 2021. With respect to distribution channels, the offline channel dominated heavily in 2021, accounting for 80.02% of market share. Market Size & Forecast 2021 market size stood at US...

The global   probiotic drinks market   was valued at USD 13.65 billion in 2019, and it is projected to grow to USD 21.95 billion by 2027, reflecting a compound annual growth rate (CAGR) of 6.1% from 2020 through 2027. Rising consumer demand for functional beverages that aid digestive health is a key driver. As awareness increases globally about gut wellness, more people are recognizing the role such products play in overall health. Key Market Trends & Insights In 2019, Asia Pacific held the largest market share, contributing over 40% of total global revenue. Central and South America are expected to post the highest growth rate during the forecast period, with a CAGR of 7.2% from 2020 to 2027. Among distribution channels, the offline segment dominated in 2019, accounting for over 85% of global revenue. On the product side, dairy-based probiotic drinks captured more than 55% of revenue in 2019. Market Size & Forecast 2019 market size: USD 13.65 billion Forecast for 2027...

In 2021, the global   prebiotic ingredient market   was valued at USD 6.7 billion and is projected to grow to USD 13.6 billion by 2028, reflecting a compound annual growth rate (CAGR) of 10.7% during the 2022–2028 period. The expanding use of prebiotics in dairy and cosmetic formulations—driven by their recognized health benefits—is fueling this upward trend. Key Market Trends & Insights In 2021, North America dominated the market, accounting for more than half of the total share. The Asia Pacific region is expected to experience robust expansion, with a projected CAGR of 11.5% between 2022 and 2028. Among product types, inulin contributed over 40% of global market revenue in 2021. In terms of applications, the food & beverage segment was the largest in 2021, making up more than 80% of total revenue. Market Size & Forecast 2021 market size: USD 6.7 billion 2028 forecast: USD 13.6 billion CAGR (2022–2028): 10.7% North America held the leading position in 2021, aided...

In 2023, the global   potato protein market   was valued at USD 216.7 million. It is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2030, reaching an estimated USD 333.4 million by 2030. The segment is emerging within the broader plant-based protein space, driven by rising adoption of veganism, plant-centric diets, and growing interest in sustainable nutrition. Key Market Trends & Insights In 2023, North America held a dominant share, contributing over 36% of global revenue. The U.S. market is forecast to expand at a CAGR of 5.5% between 2024 and 2030. Among product types, potato protein concentrates held over 61% of the revenue share in 2023. In terms of applications, the use of potato protein in animal feed accounted for over 28% of revenue in 2023. Consumers increasingly favor allergen-free, non-GMO, clean-label proteins. Potato protein, derived from the byproducts of potato starch production, has a rich and complete amino acid profile, m...

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...