Food and Services Industry - Market Research Report

The global   tea market   size was estimated at USD 69.51 billion in 2025 and is projected to reach USD 115.19 billion by 2033, expanding at a CAGR of 6.5% from 2026 to 2033. The market continues to demonstrate dynamic growth, supported by shifting consumer lifestyles, cultural preferences, and increasing product innovation across regions. Key Market Trends & Insights Asia Pacific accounted for 67.9% of the global market share in 2025, maintaining its leadership position. The black tea segment dominated by product type, holding 53.3% share in 2025. Supermarkets and hypermarkets led the distribution channel segment with 43.3% share in 2025. Market Size & Forecast 2025 Market Size: USD 69.51 Billion 2033 Projected Market Size: USD 115.19 Billion CAGR (2026–2033): 6.5% Asia Pacific: Largest regional market in 2025 Tea remains one of the most widely consumed beverages globally after water, with a heritage spanning several centuries. Its popularity stems from its refreshing...

The global   bakery products market   size was valued at USD 495.6 billion in 2023 and is projected to reach USD 714.1 billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030. The increasing demand for bakery products worldwide is primarily driven by the trend towards convenient foods and changing consumer lifestyles. Key Market Trends & Insights The North America bakery product market accounted for a revenue share of 27.4% in 2023. The U.S. bakery product market is expected to grow at a significant CAGR over the forecast period. By Product, Cakes & pastries dominated the market and accounted for a revenue share of 28.2% in 2023. By Distribution Channel, The specialty stores segment dominated the market in 2023. Market Size & Forecast 2023 Market Size: USD 495.6 Billion 2030 Projected Market Size: USD 714.1 Billion CAGR (2024-2030): 5.4% North America: Largest market in 2023 Asia Pacific: Fastest growing market The North America bakery product market held a re...

The global   healthy snacks market   size was estimated at USD 95.61 billion in 2023 and is projected to reach USD 144.64 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030. Busy lifestyles, increased urbanization, and changing dietary preferences are driving demand for convenient, on-the-go snack options. Consumers increasingly prefer snacks that are portable, easy to consume, and aligned with their health and dietary goals. Key Market Trends & Insights: North America accounted for the largest market share at 39.1% in 2023. The U.S. healthy snacks market is projected to grow at a CAGR of 6.0% from 2024 to 2030. Fruit, nuts, and seeds held a 37.8% share of the market by product type in 2023. Low/no sugar snacks accounted for 39.0% of the market by claim type in 2023. Bags and pouches dominated the packaging segment with 42.3% market share in 2023. Market Size & Forecast: 2023 market size: USD 95.61 billion 2030 projected market size: USD 144.64 billion CAGR (...

The global   mushroom market   was valued at USD 65,618.7 million in 2024 and is expected to reach USD 156,261.1 million by 2033, growing at a CAGR of 10.2% from 2025 to 2033. Growth in the mushroom industry is being driven by the increasing vegan population, rising health consciousness, and wider retail network penetration. Expansion in the food processing sector has also been a critical factor supporting market growth. As more people adopt vegan diets, mushrooms are becoming a preferred protein-rich source, offering nearly 3.3 g of protein per 100 g serving. The growing shelf space for meat alternatives and vegan products, especially in regions like North America and Europe, underscores this trend. Key Market Trends & Insights Asia Pacific held the largest share of the mushroom market in 2024, accounting for 78.66% The U.S. led the North American market in 2024, holding 77.27% of the region’s total revenue Shiitake mushrooms captured the largest product share at 32.39% i...

Evolving Applications and Innovation in Gelatin Gelatin continues to gain strategic importance across food, pharmaceutical, and nutraceutical sectors as manufacturers respond to changing consumer expectations and functional performance requirements. Derived primarily from collagen, gelatin is valued for its gelling, stabilizing, and binding properties, making it a versatile ingredient across multiple industries. Recent trends show increasing emphasis on quality, traceability, and application-specific formulations, positioning gelatin as more than just a traditional additive. One of the most visible shifts is the growing demand for gelatin powder in convenience-driven applications. Powdered formats offer longer shelf life, easier handling, and consistent performance, which makes them ideal for industrial food processing as well as home-use products. From desserts and confectionery to protein-enriched snacks, gelatin powder is increasingly used to improve texture while supporting clean-l...

Latest Trends Shaping the Future of Food Packaging The food packaging landscape is undergoing a steady but meaningful transformation as brands, manufacturers, and technology providers adapt to evolving consumer expectations and regulatory pressures. Today, food packaging is no longer just about protecting products; it plays a strategic role in sustainability, branding, efficiency, and food safety. From advanced materials to automation-driven production, the sector is aligning itself with global trends that prioritize performance alongside responsibility. Sustainability and Material Innovation Take Center Stage One of the most influential trends in food packaging is the shift toward sustainable materials. Governments and consumers alike are pushing companies to reduce plastic waste and carbon footprints, which has accelerated the adoption of recyclable, biodegradable, and compostable packaging solutions. Paper-based cartons, plant-derived polymers, and mono-material structures are gaini...