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Food  Wrap  Market Strengthens Through Development of Compostable Film Technologies

  The global   food wrap market   size was estimated at USD 5.15 billion in 2023 and is projected to reach USD 8.45 billion by 2030, expanding at a CAGR of 7.5% from 2024 to 2030. This growth is primarily driven by increasing consumer demand for convenience, sustainability, and food safety. In addition, heightened awareness regarding eco-friendly packaging, the rapidly expanding online food delivery industry, and continuous advancements in materials that help extend shelf life are playing a vital role in propelling the market forward. A major contributor to the market’s growth is the rising trend of on-the-go food consumption, which has fueled the expansion of food trucks. These mobile food vendors are gaining popularity due to the convenience, variety, and affordability they offer. As consumers increasingly opt for portable meals, the demand for food wrap materials such as paper, aluminum foil, and plastic has surged. These materials are essential for maintaining food fr...

Vegan Food Market Thrives on Demand for Clean Label Products

  The global   vegan food market   size was valued at USD 16.55 billion in 2022 and is anticipated to reach USD 37.5 billion by 2030, growing at a CAGR of 10.7% from 2023 to 2030. The primary driver behind this growth is the increasing awareness of the health and environmental benefits associated with a vegan diet. Heightened concerns regarding animal welfare and cruelty have influenced a notable consumer shift from animal-based to plant-based diets. This change in dietary preference has contributed to the rising consumption of vegan food. For instance, Grubhub, a leading food delivery platform, recorded a 17% increase in vegan food deliveries in 2021. While the COVID-19 pandemic disrupted global food supply chains and distribution channels, the plant-based food sector showed resilience. ShelfNow, an online food retailer, reported a 156% increase in vegetarian meal sales and a 150% rise in vegan meal sales between 2020 and 2021. Despite its strong growth, the vegan food m...

Soft Drinks Market Shows Growth in Carbonated Beverage Segment

  The global   soft drinks market   size was valued at USD 416.19 billion in 2021 and is projected to reach USD 592.86 billion by 2028, growing at a CAGR of 5.2% from 2022 to 2028. This growth is driven by increasing disposable incomes, evolving lifestyles, and a growing global population, all of which are expected to fuel market expansion in the coming years. Soft drinks are liquid refreshments consumed for hydration and energy. They are typically formulated using flavors, sweeteners, and edible acids. These beverages fall into two main categories: carbonated and non-carbonated, which encompass energy drinks, sports drinks, soda, ready-to-drink (RTD) beverages, flavored water, and diet drinks. To ensure consumer safety, regulatory bodies like the Food and Drug Administration (FDA) provide guidelines and enforce standards for soft drink production. Soft drinks can be consumed chilled, over ice, or at room temperature, and they are available in a wide variety of containers...

U.S. Energy Drinks Market Boosted by Strong Online and Retail Distribution

  The   U.S. energy drinks market   is projected to reach USD 37.83 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a compound annual growth rate (CAGR) of 7.1% over the forecast period. Increasing consumer awareness about the health benefits of natural and organic beverages is a major factor propelling market growth. Among younger consumers, energy drinks have become a status symbol, further fueling demand. Additionally, the trend of mixing energy drinks with alcohol has gained popularity in urban areas, contributing to their widespread use. Energy drinks have become a staple at social events, including parties and celebrations. However, the availability of alternative beverages poses a significant threat to market expansion. The industry faces strong competition from carbonated drinks, malt-based health beverages, and packaged juices. Taurine, a key ingredient in energy drinks, is important for cardiovascular health and skeletal mus...

U.S. Pet Food Market Witnesses Growth in Grain-Free Product Demand

  The   U.S. pet food market   was valued at USD 43.45 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2030. This growth is driven by several interconnected factors and evolving consumer preferences. A primary factor is the increasing humanization of pets, with owners viewing pets as family members and prioritizing their health and well-being. This shift has led to rising demand for premium, organic, and customized pet food options that emphasize quality ingredients, nutritional benefits, and transparency in sourcing. Heightened awareness of pet health and wellness is another significant growth driver. Pet owners are increasingly recognizing the link between diet and long-term health outcomes for their pets, fueling interest in organic, grain-free, raw, and functional food products. There is a growing preference for foods that address specific health concerns, such as allergies, digestive health, joint support, and ski...

EMEA Sports Nutrition Market Adoption Rises with Increased Sports Participation

  The   Europe, Middle East, and Africa (EMEA) sports nutrition market   was valued at USD 3.1 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030. While sports nutrition products were once primarily targeted at athletes, they have increasingly become mainstream, appealing to a broader consumer base. This shift is driven by rising awareness of health and wellness, along with efforts by leading companies to diversify their product offerings to meet the needs of a wider audience. Additionally, the rising incidence of lifestyle-related conditions such as obesity and diabetes is contributing to the growing demand for health and nutrition products. According to  Our World in Data , approximately 13.0% of adults aged 18 and older were classified as obese in 2016. Furthermore,  The World Health Organization  reported that obesity rates among children and adolescents aged 5–19 rose from 4.0% in 1975 to about ...

Pasta and Noodles Market Accelerates Due to Globalization of Food Culture

  The global   pasta and noodles market   was valued at USD 83.49 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030. In recent years, the rising demand for international cuisines has significantly boosted the consumption of pasta and noodles worldwide. Notably, Italian pasta consumption has increased in both the U.S. and various Asian countries, which supports the market’s positive growth outlook. Despite the challenges posed by the COVID-19 pandemic and the subsequent global economic downturn, the pasta and noodles industry recorded sales exceeding USD 78.70 billion in 2020. This increase was largely driven by a surge in purchases of packaged and shelf-stable products. Pasta, in particular, became popular due to its long shelf life, making it a preferred choice for consumers aiming to stockpile food for extended periods. During the pandemic, dried pasta demand in grocery stores surged dramatically. According to The...