Food and Services Industry - Market Research Report

  The global carotenoids market size is expected to reach USD 1.88 billion by 2030, registering to grow at a CAGR of 3.5% from 2024 to 2030 according to a new report by Grand View Research, Inc. The growing application in human food, animal feed, dietary supplements, medicines, and cosmetic application owing to the presence of essential nutrients and vitamins in carotenoids will drive growth over the upcoming years. Furthermore, the increasing demand for these applications on account of population growth, increasing consumer surplus, and health awareness will aid in the industry expansion. The usage of these products in the pharmaceutical sector will witness substantial revenue growth from 2024 to 2030. These products act as antioxidants within the body and protect the body against chronic diseases, cellular damage, and the effects of aging. Carotenoids aid in supporting eye, skin, cardiovascular health, and are being widely used for cancer prevention. Strong growth of pharmaceutic...

  The global pet food packaging market size is expected to reach USD 17.07 billion by 2030, registering a CAGR of 5.7% from 2024 to 2030, as per the new report by Grand View Research, Inc. Pet food packaging is becoming increasingly popular among pet food manufacturing companies focusing on capturing brand loyalty. The industry has evolved over the years with both international and domestic packaging suppliers looking to offer scientifically advanced and developed materials/ products to their clients. The upshot of offering packaging solutions, however, remains to protect the aroma, freshness, flavor, and shape of packaged products. The industry is likely to witness high penetration in the cat food packaging space. The number of cat owners across the globe has considerably risen over the years. This, in turn, has been fueling the demand for effective packaging products, most notably in the wet cat food segment. Despite the dominance of the dog food packaging segment in the overall ...

  The global macadamia milk market size is expected to reach USD 90.93 million in 2030 and is anticipated to grow at a CAGR of 7.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Macadamia milk, with its rich, creamy texture and unique flavor profile, offers an appealing alternative to traditional dairy products.As more individuals adopt vegan or flexitarian lifestyles, the demand for dairy alternatives has surged, encouraging the exploration of diverse nut-based milk products. Moreover, health-conscious consumers are actively seeking products that offer additional nutritional benefits, such as low calories, high antioxidant levels, and healthy fats. Manufacturers are actively exploring new flavor combinations, fortified options, and ready-to-drink formats to cater to a wider array of consumer preferences. The introduction of barista blends that froth well for coffee and other specialty drinks is particularly noteworthy, as it taps into the thriving café ...

  The global fried onion market size is expected to reach USD 6.1 billion by 2030 to expand at a CAGR of 4.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing popularity for ready to eat meals coupled with growing consumer awareness towards plant-based foods globally are the major factors driving the market demand. The market has been growing due to increased consumption of packaged foods and the use of these in exotic cuisines. In addition, the rising trend of ready to eat meals has expanded the consumer base. The growth is also been driven by the increase in usage of fried onion powder in food service and the retail sector. Furthermore, growing consumer inclination towards experimenting with newer flavor is driving the sales for powder products. Rising consumer demand for international cuisine coupled with growing multicultural populace is also supporting the market demand. In addition, rapid economic development, growing disposable incomes, a...

  The global donkey milk market size is expected to reach USD 45.0 million by 2028, registering a CAGR of 9.9% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is accelerated by the increasing demand for powder-based jenny milk from emerging economies, such as China and India. However, the high maintenance cost needed to run the equipment of milk dairy is hampering the donkey milk market growth. Rising demand to procure cost-effective cosmetics & personal care products is the upcoming opportunity for the donkey milk market. The donkey milk sale has augmented during the COVID-19 period, due to its high nutritive quality, such as protein, iron, vitamins, minerals, and others. The donkey milk sale has augmented during the COVID-19 period due to its high nutritive quality, such as protein, iron, vitamins, minerals, and others. Moreover, the increased focus to boost the immunity system is a major factor to propel the market growth....

  The global artisanal ice cream market size is expected to reach USD 9.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. Increasing desert consumption and rising adoption of natural and organic sweet dishes are projected to remain prominent trends in the market. Growing lactose intolerant population is contributing to the increased demand for artisanal ice cream. Therefore, lactose-free ice cream allows user to enjoy these products without any intolerance or allergies. Moreover, the focal point lies on aesthetics and flavors. Therefore, companies often use pestle colors for packaging that expresses flavor and creates an appetite. For instance, in 2017, Van Leeuwen witnessed a 50% increase in its sale post its product redesigning and packaging. Furthermore, key players in the market focus on innovative flavors as their new product development strategy. These innovative yet healthy defined flavors are int...

  The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. AI is revolutionizing the food and beverages industry by enhancing efficiency and automation in processing, sorting, and packaging, thereby reducing errors and meeting global food demands. Its role in stringent quality control and safety compliance is becoming increasingly crucial due to heightened consumer awareness and regulatory pressures. AI also drives personalized consumer engagement and marketing while optimizing supply chains to minimize waste and manage inventory efficiently. The ongoing technological advancements, especially the integration of AI with IoT and big data, are broadening its applications and impact across the sector. AI is transforming the food and beverage industry by enabling personalized food products tailored to individual preferences and dietary needs, which is appealing to health-conscious consumers. P...

  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 meat analogs, s...

  The global dairy-free ice cream market size is expected to reach USD 2.65 billion by 2030, registering a CAGR of 15.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing awareness about health issues due to lactose present in the milk is propelling the demand for vegan ice cream. Coconut is a major source for the production of vegan ice cream and it accounted for 37.4% share of the overall revenue in 2018. Easy availability and increasing consumer demand are expected to fuel the demand for coconut milk in vegan ice cream market in the forecast period. Almond milk is the fastest growing segment among all the sources, expanding at a CAGR of 15.8% in the forecast period. Nutritional benefits of almond milk are the key factor responsible for the segment growth in vegan ice cream market. Non-dairy ice cream is found in various flavors in the market. Chocolate is the most preferred flavor among consumers and it accounted for 36% share of the overall re...

  The global cheese powder market size was estimated at USD 4.86 billion in 2024 and is expected to grow at a CAGR of 6.6% from 2025 to 2030. One of the primary trends contributing to this demand is the increasing popularity of convenience foods. As modern lifestyles become busier, consumers seek quick and easy meal solutions that do not compromise flavor. Cheese powder is a versatile ingredient that can be seamlessly incorporated into various products, ranging from snacks and sauces to ready-to-eat meals. Moreover, the rise of snacking culture, particularly among younger consumers, has further propelled the demand for cheese-flavored snacks, creating a substantial market opportunity for cheese powder manufacturers. Consumers are becoming more health-conscious and interested in understanding the ingredients in their foods. As a result, food manufacturers are reformulating products to include natural and recognizable ingredients. Moreover, cheese powder made from real cheese is posi...

  The global meat extract market size is expected to reach USD 24.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2023 to 2030. The global meat extracts market is being primarily driven by several factors that contribute to its growth and increasing demand. One of the key drivers is the rising preference for natural and organic food products among consumers. Meat extracts, derived from various sources such as beef, chicken, and pork, are perceived as natural ingredients and are sought after by individuals who prioritize clean labels and natural flavors in their food choices. Additionally, the growing awareness regarding the nutritional benefits of meat extracts is fueling market expansion. These extracts are rich in essential amino acids, proteins, vitamins, and minerals, making them a valuable source of nutrition. With an increasing emphasis on health and wellness, consumers are incorporating meat ex...

  The global cultured meat market size is expected to reach USD 6.9 billion by 2030, expanding at 51.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing technological advancements in alternative proteins, traction gained by meat substitutes, and the growing need to overcome meat shortage against the growing population and environmental impact machines are key factors driving the cultured meat industry’s growth. Cultured meat companies are pushing for the commercial launch of cultivated meat products in countries such as the U.S. through foodservice channels. The key players in the market are focused on expanding their R&D staff as well as scaling their production facilities to equip for large-scale commercial production of cultivated meat. Companies are also focused on reducing the production cost of cultivated meat, which will favor the growth of the cultured meat industry globally. Cellular agriculture is one of the evolving technolog...

  The global flavors and fragrances market size is expected to reach USD 44.6 billion by 2030, expanding at a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the rising demand for natural products and aroma chemicals from the personal care & cosmetics products and food & beverages industries. The global industry for fragrances & flavors is expected to register remarkable growth over the forecast period owing to the increasing product demand in toiletries, cosmetics, beverages, and food application industries. The increasing use of flavors in the pharmaceutical, dietary supplements, and nutraceutical sectors is also projected to augment industry growth. The health & wellness trend in the industry is expected to magnify the preference for natural flavor ingredients. Growing disposable income levels in emerging economies are also anticipated to augment the product demand for soaps & detergents, ...

  The global beverage cans market size was estimated at USD 59.61 billion in 2030 and is expected to expand at a CAGR of 5.5% from 2024 to 2030. The demand for highly portable and superior beverage packaging for protection from the external environment is primarily contributing to market growth. The rising demand for aluminum cans on account of superior properties such as lightweight and growing aluminum recycling is further driving the market. The continuous technological advancements in the market which include machinery automation, printing technology, and raw material advancements are further contributing to the market growth. For instance, Ball Corporation introduced the Dynamark variable printing technology that allows for customized printing of beverage cans with a single pallet. The technology offers numerous options for high-quality printing, keeping the time required to change the designs to a minimum. The aluminum can segment is leading the global market with major reven...