Food and Services Industry - Market Research Report

The global   frozen food market   was valued at USD 503.75 billion in 2024, and it is projected to expand to USD 712.76 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.0% between 2025 and 2030. This growth is largely driven by an increasing global preference for shelf-stable and convenient food products that require minimal preparation. Key Market Trends & Insights North American frozen food dominated the global market with the largest revenue share of 37.6% in 2024. The frozen food market in the U.S. led the North American market and held the largest revenue share in 2024. Based on product, frozen desserts led the market and accounted for the largest revenue share of 23.1% in 2024. In terms of freezing technology, blast freezing segment led the market and held the largest revenue share of 53.2% in 2024. Based on distribution channel, the Foodservice held the dominant position in the market, with the largest revenue share of 70.1% in 2024. Market Size...

The global   milk protein market   size was estimated at USD 13.67 billion in 2024 and is expected to reach USD 19.66 billion by 2030, registering a CAGR of 6.3% from 2025 to 2030. This growth is primarily driven by increasing consumer awareness toward health and wellness, which is fueling the demand for protein-rich food and beverage products. Key Market Trends & Insights North America accounted for 37.4% of global revenue in 2024, making it the leading regional market. The U.S. market is projected to expand at a CAGR of 5.8% from 2025 to 2030. Based on product, the concentrates segment held 64.4% of the global revenue in 2024. Based on form, the powder segment dominated with 64.4% revenue share in 2024. By application, the food & beverages segment accounted for approximately 78.9% of the global revenue in 2024. Market Size & Forecast 2024 Market Size: USD 13.67 Billion 2030 Market Size Projection: USD 19.66 Billion CAGR (2025–2030): 6.3% North America: Largest re...

The global   premium spirits market   size was valued at USD 233.96 billion in 2024 and is projected to reach USD 546.67 billion by 2033, expanding at a CAGR of 10.1% from 2025 to 2033. Rising demand for high-end alcoholic beverages, particularly among the millennial demographic, continues to be a major factor stimulating market expansion worldwide. Key Market Trends & Insights Asia Pacific emerged as the leading regional market in 2024, accounting for 32.7% of global revenue and is also anticipated to grow at the fastest CAGR throughout the forecast period. By product, vodka remained the dominant category with a 32.5% share in 2024, driven by its versatility and preference in cocktail preparation. In terms of distribution, the on-trade segment led the market with a 56.7% share in 2024, supported by the growing culture of social drinking, premium lounges, and craft cocktail bars. Market Size & Forecast 2024 Market Size: USD 233.96 Billion 2033 Market Size (Projected): ...

The global   jojoba oil market   was estimated at USD 130.8 million in 2022 and is projected to grow to USD 236.6 million by 2030, representing a compound annual growth rate (CAGR) of approximately 7.7% over the 2023-2030 period. This growth is largely driven by the expanding use of jojoba oil in cosmetics and personal care formulations. Key Market Trends & Insights In 2022, the North American region led the market, holding a 34.0% revenue share. In the United States, jojoba oil is gaining traction thanks to incorporation of high-performance active ingredients such as omega-3 fatty acids, triterpenoids and tocopherols that support skin and hair health. Looking at extraction methods, the cold-pressed type dominated with a 63.5% revenue share in 2022, reflecting rising consumer preference for naturally sourced, minimally processed oils. From a sales-channel perspective, B2B dominated, accounting for 62.4% of revenues in 2022.  In terms of application, cosmetics & pe...

The global   carrageenan market   was estimated at USD 871.66 million in 2022 and is projected to reach USD 1.32 billion by 2030, representing a compound annual growth rate (CAGR) of 5.4% between 2023 and 2030. The increasing incorporation of carrageenan in dairy and processed meat applications—primarily due to its ability to mimic a fatty mouth-feel—is anticipated to drive market expansion throughout the forecast period. Key Market Trends & Insights In 2022, Europe held the largest revenue share at 34.4%. The Asia Pacific region is expected to exhibit the fastest growth in terms of revenue over the forecast period. From a functional perspective, the thickening-agent segment dominated with 38.7% of revenue in 2022. Looking at product types, the kappa form accounted for the largest revenue share of 68.3% in 2022. Among applications, the food & beverage segment led, capturing a 72.8% value share in 2022. The core driver of demand is carrageenan’s ability to bind water an...

The global   medical foods market   was valued at approximately USD 24.80 billion in 2024, and it is projected to grow to USD 33.49 billion by 2030, reflecting a compound annual growth rate (CAGR) of about 5.13% between 2025 and 2030. The expansion is primarily driven by the increasing prevalence of chronic diseases such as Alzheimer’s, ADHD, osteoporosis, osteoarthritis, and central nervous system disorders. Key Market Trends & Insights In 2024, the North American region held the largest share of the market, accounting for 29.90% of revenues. The U.S. was the major contributor within North America. The oral route of administration dominated the market in 2024, representing 72.86% of the revenue share. Among products, the powder form led with a 35.53% share in 2024. With respect to application segments, the cancer treatment category represented the largest share at 12.11% in 2024. Market Size & Forecast Looking ahead, the market size forecast remains USD 24.80 billion ...