Food and Services Industry - Market Research Report

  The global   hydrolyzed vegetable proteins market   size is expected to reach USD 2.30 billion by 2030, registering a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The product demand is anticipated to be driven by several factors, such as the rising demand for meat analogs due to the growing popularity of the vegan diet, increasing demand for functional foods and healthy snacking as well as a growing interest in plant-based proteins. The increasing demand for vegan and vegetarian diets is one of the major drivers of the market. With the growing awareness about the benefits of plant-based diets, more consumers are opting for vegetarian and vegan food products. Hydrolyzed Vegetable Protein (HVP) is a popular ingredient in vegetarian and vegan food products as it provides a rich source of protein without the use of animal-based ingredients. HVPs are becoming an important ingredient in the preparation of new foods, including m...

  The global   fermented tea market   size is expected to reach USD 12.6 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.8% from 2021 to 2028. The presence of online channels for purchasing sparkling drinks and fermented teas is a major factor driving the demand for fermented teas. Companies in the market are increasingly utilizing social media platforms to stay afloat during the pandemic. The pandemic has disrupted the supply chain in several industries due to the difficulty in obtaining raw materials. The closure of several businesses and cafes has decreased the sales revenue for companies in the industry. However, the pandemic has shifted the focus of customers towards healthier lifestyles and increased consumption of immunity-rich food and beverages which is acting as an opportunity for the players in the industry. During the pandemic, several businesses turned towards online retail channels to run t...

  The global   edible offal market   size is expected to reach USD 57.9 billion by 2030 and is projected to grow at a CAGR of 4.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is driven by the rising consumption of meat coupled with rising demand for organic meat products. A significant factor driving the demand for edible offal is the concept of nose-to-tail dining. This approach emphasizes utilizing the entire animal, including its offal, to minimize waste. Consumers and chefs are increasingly embracing nose-to-tail dining, recognizing the value and potential of overlooked parts of the animal. This trend contributes to the growing demand for edible offal in the market. Furthermore, the concern over food wastage is a key driver of the demand for edible offal. Embracing offal consumption enables individuals and businesses to reduce food waste by using parts of the animal that might otherwise be discarded. By incorporating offal into...

  The global   still wine market   size is expected to reach USD 546.86 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.1% from 2022 to 2028. The growing consumption of alcohol among developed and developing countries, the adoption of a global lifestyle, an increasing number of wineries, rising disposable income, and the changing preference of consumers from hard liquor to mild alcoholic beverages are propelling the market growth. The market is mainly driven by various health benefits associated with the liquor, coupled with the advanced distribution networks and innovation of new flavors. In addition, factors such as the ease of availability to consumers and luxurious appeal are anticipated to boost the market growth over the forecast period. Additionally, the trend of pairing food with alcoholic beverages to enhance the dining experience has been gaining pace in recent years. The rising preference for this...

  The global   limonene market   is expected to reach USD 497.61 million by 2030 to grow at a CAGR of 6.0% from 2023 to 2030 as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for natural and eco-friendly products, the growing popularity of citrus flavors and fragrances, and the expanding applications of the product in various industries. The food and beverage industry is expected to be the largest market for the market, as it is widely used as a flavoring agent in a variety of food and beverage product, including soft drinks, juices, and alcoholic beverages. The cosmetics and cleaning industries are also significant consumers as it is widely used as a fragrance and cleaning agent in various personal care and cleaning products. Companies in the market are investing in research and development to develop new and innovative products, expanding their geographic reach, increasing their production capacity, and adopting a f...

  The global   gym bag market   size is expected to reach USD 2.56 billion in 2030 and is projected to grow at a CAGR of 8.1% from 2024 to 2030. The growth in the market is driven by increasing consumer consciousness regarding fitness and the availability of various products and accessories to suit individual needs. Moreover, rapid growth of the fitness and wellness sector in Asia and South America, along with rise in sales of health and fitness equipment, accessories, and products used in the industry and increasing presence of health clubs and fitness centers in these regions are contributing to the growth of this market. The market is also driven by increasing purchasing power of consumers in developing countries in recent years, which has propelled product demand. Growth of the middle-income population group in these countries has resulted in higher disposable income in recent years. This has enabled them to opt for on-trend, fashionable, and premium products in the h...