Food and Services Industry - Market Research Report

  Botanical Supplements Industry Overview The global  botanical supplements market  size is expected to reach USD 55.18 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 9.1% from 2020 to 2028. Growing awareness among consumers concerning the health benefits related to the consumption of botanical supplements is predicted to boost the growth of the market.   The market is expected to witness significant growth over the forecast period owing to changing lifestyles, rapid urbanization, rising health consciousness, and increasing per capita income. In addition, lifestyle diseases such as malnourishment, overweight, and blood pressure, coupled with the high cost of medical treatments, are expected to create health awareness among consumers, which, in turn, is anticipated to fuel the product demand. Supplements are primarily consumed to ensure the intake of nutritional constituents that are important for ...

  Moringa Ingredients Industry Overview The global  moringa ingredients market  size is expected to reach USD 14.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.5% from 2020 to 2028. The exceptional nutritional properties of the moringa tree for its ingredients like bark, seeds, pods, flowers, leaves, and others are driving its growth in the global market. Nutrients like protein, carbohydrate, calcium, phosphorus, potassium, iron, vitamins,  beta carotene , and other bioactive compounds are presently making it popular among health-conscious consumers. The moringa ingredients are also having potential pharmaceutical usage due to their antimicrobial, anticancer, antiulcer, and antioxidant properties.   On the basis of source, leaves accounted for the maximum revenue share in the global market of 2020. The leaves are highly nutritious and are available in powdered form across the global ma...

  Bakery Processing Equipment Industry Overview The global  bakery processing equipment market  size is expected to reach USD 20.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2021 to 2028. The incorporation of better-for-you ingredients in  bakery products  and the growing demand for gluten-free bakery items are expected to stimulate market growth over the forecast period. The demand for cakes and pastries is expected to witness growth on account of the introduction of novel flavors. Furthermore, the increasing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Bread and rolls are expected to witness significant growth on account of a substantial rise in the demand for these products in North America and Asia Pacific. The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabili...

  Fresh Food Packaging Industry Overview The global  fresh food packaging market  size is expected to reach USD 181.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.0% from 2021 to 2028. Increasing demand for fresh dairy products from developing countries is expected to be the key driver for the market over the forecast period.   The industry has experienced a significant impact of the COVID-19 pandemic owing to the disruption of the supply chain. The shutdown in China, which is one of the key raw material producers, has impacted packaging manufacturers globally. The shortage in supply of raw materials like plastics, aluminum,  steel , and others from Chinese manufacturers has resulted in a demand-supply gap, however, the manufacturing is expected to ramp up the production gradually. The demand for packaging of fresh vegetables and fruits remained intact as the supply cha...

  Vegan Chocolate Confectionery Industry Overview The global vegan chocolate confectionery market size was valued at USD 467.2 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 14.8% from 2021 to 2028. Increasing acceptance of veganism among consumers, especially among millennials and the working population, has been fueling the product demand. The COVID-19 pandemic adversely affected the market due to lockdown imposed in most of the countries, which hampered the supply of cocoa across the globe and resulted in less production as well as restricted sales. Artisanal and high-end chocolates, in particular, witnessed low demand. On the other hand, the stockpiling and sudden surge in the demand for chocolates by consumers may support the market growth. Gather more insights about the market drivers, restraints and growth of the Global Vegan Chocolate Confectionery Market Moreover, the growing awareness regarding animal cruelty and the rise in environm...

  U.S. Fruit Puree Industry Overview The U.S. fruit puree market size was valued at USD 864.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028. The product has been witnessing a remarkable demand from the food and beverage industry, not only due to its taste and flavor but also because of the numerous health benefits associated with it. Several food manufacturing and food processing companies spend substantially on the market as an increasing number of consumers prefer natural ingredients in their foods and drinks. The COVID-19 pandemic has had a direct as well as indirect impact on the market for fruit puree in the U.S. The coronavirus outbreak has affected both, the raw material and application industries of the fruit puree industry. Market players have also witnessed transportation delays. The COVID-19 pandemic has put an adverse impact on the supply chain of the fruit and vegetable industry in the U.S. The lower price...