Food and Services Industry - Market Research Report

  The global   malt beverages market   size is expected to reach USD 1,300.60 billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Since the 1990s, flavored malt beverages (FMBs) have evolved significantly from pioneers like Mike's Hard Lemonade and Zima, which introduced the concept of neutral malt base (NMB) to create a sweeter and more approachable alternative to traditional beer and spirits. This innovation has led to the growth of a dynamic and diverse category that continues to captivate consumers. The category now includes various types of malt beverages such as traditional beer, hard seltzers, hard teas, hard sodas, and ready-to-drink (RTD) cocktails, each offering unique flavor profiles that cater to a wide range of preferences. This variety has played a crucial role in maintaining the relevance and popularity of FMBs among a broad audience. One of the key trends propelling the demand for FMBs  ...

  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 m...

  The global   fermented tea market   size is expected to reach USD 12.6 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.8% from 2021 to 2028. The presence of online channels for purchasing sparkling drinks and fermented teas is a major factor driving the demand for fermented teas. Companies in the market are increasingly utilizing social media platforms to stay afloat during the pandemic. The pandemic has disrupted the supply chain in several industries due to the difficulty in obtaining raw materials. The closure of several businesses and cafes has decreased the sales revenue for companies in the industry. However, the pandemic has shifted the focus of customers towards healthier lifestyles and increased consumption of immunity-rich food and beverages which is acting as an opportunity for the players in the industry. During the pandemic, several businesses turned towards online retail channels to run t...

  The global   edible offal market   size is expected to reach USD 57.9 billion by 2030 and is projected to grow at a CAGR of 4.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is driven by the rising consumption of meat coupled with rising demand for organic meat products. A significant factor driving the demand for edible offal is the concept of nose-to-tail dining. This approach emphasizes utilizing the entire animal, including its offal, to minimize waste. Consumers and chefs are increasingly embracing nose-to-tail dining, recognizing the value and potential of overlooked parts of the animal. This trend contributes to the growing demand for edible offal in the market. Furthermore, the concern over food wastage is a key driver of the demand for edible offal. Embracing offal consumption enables individuals and businesses to reduce food waste by using parts of the animal that might otherwise be discarded. By incorporating offal into...

  The global   still wine market   size is expected to reach USD 546.86 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.1% from 2022 to 2028. The growing consumption of alcohol among developed and developing countries, the adoption of a global lifestyle, an increasing number of wineries, rising disposable income, and the changing preference of consumers from hard liquor to mild alcoholic beverages are propelling the market growth. The market is mainly driven by various health benefits associated with the liquor, coupled with the advanced distribution networks and innovation of new flavors. In addition, factors such as the ease of availability to consumers and luxurious appeal are anticipated to boost the market growth over the forecast period. Additionally, the trend of pairing food with alcoholic beverages to enhance the dining experience has been gaining pace in recent years. The rising preference for this...

  The global   limonene market   is expected to reach USD 497.61 million by 2030 to grow at a CAGR of 6.0% from 2023 to 2030 as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for natural and eco-friendly products, the growing popularity of citrus flavors and fragrances, and the expanding applications of the product in various industries. The food and beverage industry is expected to be the largest market for the market, as it is widely used as a flavoring agent in a variety of food and beverage product, including soft drinks, juices, and alcoholic beverages. The cosmetics and cleaning industries are also significant consumers as it is widely used as a fragrance and cleaning agent in various personal care and cleaning products. Companies in the market are investing in research and development to develop new and innovative products, expanding their geographic reach, increasing their production capacity, and adopting a f...

  The global   gym bag market   size is expected to reach USD 2.56 billion in 2030 and is projected to grow at a CAGR of 8.1% from 2024 to 2030. The growth in the market is driven by increasing consumer consciousness regarding fitness and the availability of various products and accessories to suit individual needs. Moreover, rapid growth of the fitness and wellness sector in Asia and South America, along with rise in sales of health and fitness equipment, accessories, and products used in the industry and increasing presence of health clubs and fitness centers in these regions are contributing to the growth of this market. The market is also driven by increasing purchasing power of consumers in developing countries in recent years, which has propelled product demand. Growth of the middle-income population group in these countries has resulted in higher disposable income in recent years. This has enabled them to opt for on-trend, fashionable, and premium products in the h...

The global   gluten-free pizza crust market   size is expected to reach USD 4.00 billion by 2030, registering a CAGR of 7.24% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increase in the impact of western culture and rise in disposable income are some of the factors for the growth of the market. Rise in the number of pizza outlets may lead to the market growth in the upcoming years. Growing awareness related to health among people and increase in the prevalence of celiac diseases are expected to be the major factors driving the market for gluten-free pizza crust. It was surveyed that 1 in 20 Americans are diagnosed with gluten sensitivity, which may cause severe health problems. It is essential to make changes in the diets and food habits in order to decrease the occurrence of celiac disease. Thus, the bakery industry manufacturers have been developing different gluten-free pizza crust products. Pizza consumption is maximum in regions like North Am...

The global   food emulsifiers market   size is expected to reach USD 4.87 billion in 2030 and is projected to grow at a CAGR of 4.3% from 2024 to 2030. Growing requirements of nutritional foods, protein-rich products, and ready-to-eat snacks in Asia Pacific is estimated to drive the demand for food ingredients, including emulsifying agents, colorants, enzymes, and sweeteners. Furthermore, the presence of a broad consumer base coupled with the robust growth of the food & beverage sector is another critical driving factor that is likely to boost product consumption. Lecithin is found in both animal and plant tissues and is utilized as an emulsification ingredient for the preparation of a wide variety of bakery & dairy products. Order a free sample PDF  of the Food Emulsifiers Market Intelligence Study, published by Grand View Research. Food Emulsifiers Market Report Highlights Lecithin exhibits nontoxicity and has the ability to moisturize, homogenize, and stabilize...

The   Europe food cans market   size is estimated to reach USD 10.64 billion by 2030, registering to grow at a CAGR of 2.1% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing demand for processed eatable products by the consumers in the region is expected to drive the industry growth. The buyers in the market are major food processing companies such as Westmill Foods and Nestlé S.A., which lay high emphasis on can quality and order high product volumes. In addition, the aforementioned companies are also involved in extensive can design customization in accordance with the product being packaged. The industry for the product in the region is expected to exhibit limited growth on account of increasing market maturity. The economies in the region exhibit a high penetration of the metal packaging in the processing industry, leading to a limited market growth. In addition, high demand for plastic and paper-based packaging for food products is expect...

  The global sports drink market size is expected to reach USD 69.23 billion by 2030, registering a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Sports drinks contain various constituents including electrolytes, energy, and water that can be consumed by athletes before, during, or after a competition or training. Growing demand for such drinks among individuals engaged in various physical activities is one of the major factors driving the market. In addition, rising health awareness among the younger population is expected to fuel the market growth. Rising consumer preference for sports beverages over sodas and other carbonated drinks owing to their respective association with sports and fitness activities. Despite the fact that these beverages were originally made for athletes and sportspersons, they have gained popularity among the common population as anytime drinks or energy drinks, especially among the teenagers and younger adults. Tak...

  The global root beer market size is anticipated to reach USD 1.09 billion by 2030, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Root beer is a North American drink that’s been traditionally made using the root bark of the sassafras tree. Sassafras was banned by the Food and Drug Administration (FDA) in 1960 owing to the presence of safrole, a carcinogenic component. Thus, most commercial root beers available in the market contain the artificial flavoring of sassafras. However, some companies, such as Hansen Beverage, use safrole-free sassafras extract to retain the authenticity of root beer. The global market is predominantly driven by the increasing demand for low-alcoholic beverages, the growing number of hotels, restaurants, & bars, and the increasing interest of millennials in exotic and new flavored drinks globally. With the changing lifestyle of consumers across the globe and increasing disposable income lev...

  The global artisanal bakery products market size was estimated to reach USD 148.38 billion in 2030 and is anticipated to expand at a CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Consumers all over the world are demanding bread that is more delicious and authentically produced, which is propelling market expansion. The advantages to the health of eating whole-grain bread, which is rich in fiber and important nutrients, are being recognized more and more by consumers which is further surging the sales of artisanal bakery products and fueling the growth of the artisan bakery market. The bread and rolls segment held the largest market size in 2022 and is further expected to remain the dominant segment during the forecast period because of its vast availability, low cost, and adaptability, artisanal bread is a basic item that is widely consumed around the world. It is a handy, simple-to-make snack that may be consumed on its own, for toast, sa...

  The U.S. biscuits market is expected to reach USD 28.40 billion by 2030, expanding at a CAGR of 4.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Product innovation and mergers & acquisitions are two major strategies undertaken by key companies in the U.S. biscuits market. These are among the key factors contributing to market growth as manufacturers are reformulating their products to gain higher margins as well as meet health-orientated consumer demand. For instance, Mondelez’s belVita established a new trend in the adult breakfast biscuit market and gained the title of on-the-go packaging with nutritional credentials. Key players are consistently striving to widen their product portfolio by acquiring players of adjacent market segments. For instance, Turkey’s Yildiz surpassed US cereals maker Kellogg Co. and UK-based Burton’s Biscuits and became the market leader after acquiring United Biscuits in 2014. Companies have adopted technologically ad...

  The global surgical gloves market size is expected to reach USD 3,160.3 million by 2030, expanding at 5.8% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The increase in people with chronic and long-term diseases is expected to remain a primary driver for growth. For instance, the U.S. department of health & human services reports that the main causes of disability and death in the country are chronic diseases including diabetes, cancer, and heart disease. They also account for the majority of the USD 4.1 trillion in yearly health care expenses for the country, which stimulates demand for surgical gloves. Growing awareness about the safety, security, and health measures related to the treatment of patients and emergency response incidents is expected to boost the demand for surgical gloves in the medical sector. For instance, the global patient safety action plan offers a framework for nations to create their own national patient safety action ...

  The global soy sauce market size is estimated to reach USD 75.70 billion by 2030, registering a CAGR of 4.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. due to increasing product demand as a flavor enhancer from food retail chains and restaurants. Soy sauce is a key ingredient of many popular and emerging world cuisines like Japanese, Chinese, Thai, Vietnamese, Indonesian, and Malaysian. Growing health consciousness along with rising popularity of aforementioned cuisines across the globe will boost the product demand. Furthermore, key companies are launching new products, which will boost the demand further. For instance, Kikkoman launched Less Salt version of its naturally brewed soy sauce. Based on type, the market is divided into brewed and blended. Blended type segment accounted for the largest market share of more than 53.8% in the year 2024. Blended products have a better shelf life and are cheaper than brewed soy sauces, which boosts their dem...