Food and Services Industry - Market Research Report

The global   probiotics in animal feed market   size was estimated at USD 5,181.7 million in 2023 and is projected to reach USD 9.18 billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030. Commercially manufactured probiotics used in animal nutrition are generally available in either liquid or solid forms and are categorized into bacteria, yeast, or fungi. As global demand for protein-rich diets increases, stakeholders are enhancing the production of probiotics in animal feed. To combat the occurrence of disease outbreaks among cattle and poultry, the adoption of these probiotics is gaining momentum. Key companies are also scaling up their R&D efforts to tap into the expanding opportunities in this market. In August 2023, biotechnology companies Austrianova and ProAgni formed a strategic partnership aimed at transforming the animal feed sector. Their joint venture focuses on developing and commercializing probiotic additives for cattle and other farm animals using th...

The global   potato processing market   was valued at USD 37.85 billion in 2023 and is projected to reach USD 56.5 billion by 2030, expanding at a CAGR of 5.9% from 2024 to 2030. One of the primary factors propelling this growth is the rising demand for convenient food options that require minimal preparation. As urbanization intensifies and lifestyles become increasingly fast-paced, consumer preferences are shifting toward ready-to-eat and easy-to-prepare food items. Moreover, growing health consciousness is influencing demand for organic and low-calorie processed potato products. These evolving preferences are encouraging manufacturers to innovate, incorporating healthier ingredients and introducing new flavors to cater to a broader demographic. The rise of quick-service restaurants (QSRs) has also played a significant role in fueling the market. Popular chains like McDonald's and KFC rely heavily on potato-based items such as French fries and hash browns, which are widely c...

The global   popcorn market   size was estimated at USD 6.53 billion in 2024 and is projected to reach USD 10.35 billion by 2030, expanding at a CAGR of 8.2% from 2025 to 2030. This growth is largely driven by the increasing global inclination toward wellness and healthier snacking options. Shifting consumer behavior in the food and beverage sector is playing a vital role in market expansion. The COVID-19 pandemic significantly disrupted the global popcorn supply chain and distribution networks, especially with the temporary shutdown of convenience stores and super/hypermarkets Sustainability and personal health, once considered niche concerns, are now key drivers of purchasing decisions. Consumers are increasingly opting for convenient, healthy, and eco-friendly food products. The rising interest in plant-based proteins and the shift toward mindful shopping habits, influenced by the pandemic, have further accelerated demand for healthier snack alternatives like popcorn. Moreo...

The global   peanut butter market   was valued at USD 5.70 billion in 2021 and is projected to reach USD 9.09 billion by 2028, expanding at a CAGR of 6.9% from 2022 to 2028. This growth is primarily driven by a global rise in health awareness, which has significantly influenced consumer preferences towards nutritious food options. The increasing disposable income in developing nations, alongside greater global awareness of nutritional benefits, is expected to further accelerate market expansion throughout the forecast period. Additionally, the ongoing expansion efforts by key market players and the introduction of new product variants are anticipated to create fresh growth opportunities. However, the market continues to face challenges, including limited awareness in parts of the Asia Pacific region, inconsistent peanut production, fluctuating raw material costs, and trade-related barriers such as tariffs. For example, in 2018, the European Union proposed higher import duties ...

  The global   organic fruits and vegetables market   was valued at USD 76.19 billion in 2023 and is projected to reach USD 147.31 billion by 2030, expanding at a CAGR of 9.9% from 2024 to 2030. This growth is largely fueled by increasing consumer awareness of the health benefits associated with organic products, growing concerns about food safety, environmental sustainability, and a stronger shift towards healthy living. According to the FIBL (Forschungsinstitut für biologischen Landbau) survey, global organic food retail sales reached approximately USD 146 billion (135 billion euros) in 2022. Consumers are turning to organic produce due to concerns about the potential health risks linked to conventionally grown products. The perceived higher nutritional value and the absence of harmful chemical residues in organic items are significant motivators. Demand for organic berries such as blueberries and strawberries has surged, supported by research indicating higher antioxid...

The global   online food delivery services market   size was estimated at USD 380.43 billion in 2024 and is projected to reach USD 618.36 billion by 2030, growing at a CAGR of 9.0% from 2025 to 2030. This growth is being driven by technological advancements, rapid urbanization, and evolving consumer lifestyles. The widespread adoption of smartphones and high-speed internet connectivity has significantly enhanced the ease and accessibility of online ordering. This convenience appeals particularly to urban consumers who seek quick meal options without the hassle of cooking or dining out. Furthermore, the emergence of cloud kitchens, which operate without dine-in facilities, has helped reduce operational costs and allowed restaurants to focus exclusively on delivery services, thus enhancing market scalability. Collaborations between food delivery platforms and restaurants have widened menu choices, elevating the customer experience. The integration of digital wallets and contactl...

  The global   non-alcoholic ready-to-drink (RTD) beverages market   was valued at USD 931.18 billion in 2023 and is anticipated to reach USD 1,442.94 billion by 2030, registering a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030. This substantial growth is fueled by several prominent factors driving consumer demand and market development. One of the primary factors propelling this market is the growing consumer inclination toward healthier beverage alternatives. Increased awareness around wellness has led many consumers to opt for non-alcoholic RTD options that feature natural ingredients and functional benefits, steering them away from traditional sugary sodas. Additionally, the demand is being boosted by the convenience these beverages offer, particularly among consumers with busy lifestyles who require quick, on-the-go refreshment. The surge in demand is further supported by the expanding variety within the RTD category. The market includes a wide spectru...

  The global   mushroom drinks market   size was estimated at USD 3.70 billion in 2023 and is projected to reach USD 5.78 billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030. Mushroom drinks are rapidly gaining traction in the functional beverages sector, where consumers are increasingly pursuing health benefits beyond basic nutrition. This market includes a broad array of products such as mushroom coffee, teas, elixirs, and other beverages infused with medicinal mushrooms like reishi, lion’s mane, chaga, and cordyceps. Key drivers contributing to this market’s growth include rising consumer health awareness, continuous innovation in product offerings, and the growing demand for natural and organic alternatives—factors anticipated to fuel mushroom drink demand throughout the forecast period. A major growth factor is the increasing focus on health and wellness among consumers. As awareness grows about the potential health benefits of medicinal mushrooms, demand fo...

  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...

  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...

  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...