Food and Services Industry - Market Research Report

The global   milk protein market   size was estimated at USD 13.67 billion in 2024 and is expected to reach USD 19.66 billion by 2030, registering a CAGR of 6.3% from 2025 to 2030. This growth is primarily driven by increasing consumer awareness toward health and wellness, which is fueling the demand for protein-rich food and beverage products. Key Market Trends & Insights North America accounted for 37.4% of global revenue in 2024, making it the leading regional market. The U.S. market is projected to expand at a CAGR of 5.8% from 2025 to 2030. Based on product, the concentrates segment held 64.4% of the global revenue in 2024. Based on form, the powder segment dominated with 64.4% revenue share in 2024. By application, the food & beverages segment accounted for approximately 78.9% of the global revenue in 2024. Market Size & Forecast 2024 Market Size: USD 13.67 Billion 2030 Market Size Projection: USD 19.66 Billion CAGR (2025–2030): 6.3% North America: Largest re...

The global   premium spirits market   size was valued at USD 233.96 billion in 2024 and is projected to reach USD 546.67 billion by 2033, expanding at a CAGR of 10.1% from 2025 to 2033. Rising demand for high-end alcoholic beverages, particularly among the millennial demographic, continues to be a major factor stimulating market expansion worldwide. Key Market Trends & Insights Asia Pacific emerged as the leading regional market in 2024, accounting for 32.7% of global revenue and is also anticipated to grow at the fastest CAGR throughout the forecast period. By product, vodka remained the dominant category with a 32.5% share in 2024, driven by its versatility and preference in cocktail preparation. In terms of distribution, the on-trade segment led the market with a 56.7% share in 2024, supported by the growing culture of social drinking, premium lounges, and craft cocktail bars. Market Size & Forecast 2024 Market Size: USD 233.96 Billion 2033 Market Size (Projected): ...

The global   jojoba oil market   was estimated at USD 130.8 million in 2022 and is projected to grow to USD 236.6 million by 2030, representing a compound annual growth rate (CAGR) of approximately 7.7% over the 2023-2030 period. This growth is largely driven by the expanding use of jojoba oil in cosmetics and personal care formulations. Key Market Trends & Insights In 2022, the North American region led the market, holding a 34.0% revenue share. In the United States, jojoba oil is gaining traction thanks to incorporation of high-performance active ingredients such as omega-3 fatty acids, triterpenoids and tocopherols that support skin and hair health. Looking at extraction methods, the cold-pressed type dominated with a 63.5% revenue share in 2022, reflecting rising consumer preference for naturally sourced, minimally processed oils. From a sales-channel perspective, B2B dominated, accounting for 62.4% of revenues in 2022.  In terms of application, cosmetics & pe...

The global   carrageenan market   was estimated at USD 871.66 million in 2022 and is projected to reach USD 1.32 billion by 2030, representing a compound annual growth rate (CAGR) of 5.4% between 2023 and 2030. The increasing incorporation of carrageenan in dairy and processed meat applications—primarily due to its ability to mimic a fatty mouth-feel—is anticipated to drive market expansion throughout the forecast period. Key Market Trends & Insights In 2022, Europe held the largest revenue share at 34.4%. The Asia Pacific region is expected to exhibit the fastest growth in terms of revenue over the forecast period. From a functional perspective, the thickening-agent segment dominated with 38.7% of revenue in 2022. Looking at product types, the kappa form accounted for the largest revenue share of 68.3% in 2022. Among applications, the food & beverage segment led, capturing a 72.8% value share in 2022. The core driver of demand is carrageenan’s ability to bind water an...

The global   medical foods market   was valued at approximately USD 24.80 billion in 2024, and it is projected to grow to USD 33.49 billion by 2030, reflecting a compound annual growth rate (CAGR) of about 5.13% between 2025 and 2030. The expansion is primarily driven by the increasing prevalence of chronic diseases such as Alzheimer’s, ADHD, osteoporosis, osteoarthritis, and central nervous system disorders. Key Market Trends & Insights In 2024, the North American region held the largest share of the market, accounting for 29.90% of revenues. The U.S. was the major contributor within North America. The oral route of administration dominated the market in 2024, representing 72.86% of the revenue share. Among products, the powder form led with a 35.53% share in 2024. With respect to application segments, the cancer treatment category represented the largest share at 12.11% in 2024. Market Size & Forecast Looking ahead, the market size forecast remains USD 24.80 billion ...

The global   dietary fibers market   was valued at USD 7.9 billion in 2023 and is projected to reach USD 14.93 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030. Growing consumer shift from pharmaceutical to nutraceutical products and rising investments in the pharmaceutical sector are key drivers expected to propel demand over the forecast period. Key Market Trends & Insights The North American dietary fibers market is forecast to expand at a CAGR of 9.2% from 2024–2030. The U.S. market in particular is projected to grow at a CAGR of 8.9% during the same period. By raw material type, the cereals & grains segment dominated in 2023 with over 48.0% revenue share. By application, the food & beverage sector held the highest revenue in 2023, amounting to USD 3.59 billion. Market Size & Forecast 2023 market size: USD 7.9 billion. Projected size for 2030: USD 14.93 billion. CAGR (2024–2030): 9.5%. In 2023, Asia Pacific was the ...

The global   coconut-derived products market   was valued at USD 20.24 billion in 2022 and is projected to expand to USD 38.58 billion by 2030, representing a compound annual growth rate (CAGR) of 8.4 % over the 2023-2030 period. This surge in market size is driven by growing consumer awareness about the health benefits of coconuts and rising demand for coconut-based products, particularly in developed countries. Key Market Trends & Insights In 2022, the Asia Pacific region held the largest share of the coconut-products market, accounting for over 32 %. At the same time, Europe is expected to witness the fastest regional growth, at a CAGR of about 10.5 %. By product category, coconut oil dominated in 2022 with a revenue share of approximately 55.1 %. On the application side, the cosmetics segment accounted for the largest share in 2022, at around 62.6 %. Market Size & Forecast The market size stood at USD 20.24 billion in 2022 and is forecast to reach USD 38.58 billion...

The global   rice bran oil market   was estimated at USD 4.85 billion in 2023 and is projected to reach USD 6.25 billion by 2030, representing a compound annual growth rate (CAGR) of 3.7 % from 2024 to 2030. Rice bran oil is obtained from the bran and germ layers of rice grains and is gaining traction due to its favourable cooking qualities and health-oriented profile. Key Market Trends & Insights The market is driven by rising consumer interest in healthier edible oils and growing demand for functional ingredients. Rice bran oil contains unsaturated fats, antioxidants, vitamin E and gamma-oryzanol, giving it appeal for cholesterol management and versatility in cooking (it has a high smoke point around 450 °F). Among type segments, the non-organic portion dominated in 2023, accounting for around 87.0 % of revenue, largely because of its affordability, broad availability and established supply chains; however the organic segment is expected to grow fastest (around 4.7 % CAG...

The global   reduced sugar food and beverages market   was valued at USD 46.18 billion in 2021 and is projected to reach USD 99.79 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030. This growth is primarily driven by increasing health consciousness among consumers, rising incidences of lifestyle-related diseases such as obesity and diabetes, and a growing preference for healthier food and beverage options. Key Market Trends & Insights North America accounted for the largest revenue share of over 30% in 2021. Asia Pacific is expected to emerge as the fastest-growing regional market and register a CAGR of 9.9% over the forecast period. By product, the beverage segment contributed to a larger market share of over 40% in 2021. By distribution channel, The supermarkets and hypermarkets segment held the largest share of over 65% in 2021. Market Size & Forecast 2021 Market Size: USD 46.18 Billion 2030 Projected Market Size: USD 99.79 B...

The global   reduced fat butter market   is experiencing steady growth, driven by increasing health consciousness among consumers. Valued at approximately USD 1.12 billion in 2024, the market is projected to reach USD 1.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2030. This growth reflects a shift towards healthier dietary choices, with consumers opting for reduced-fat alternatives to traditional butter. Key Market Trends & Insights Several factors are influencing the dynamics of the reduced fat butter market: Regional Dominance: Europe led the market with a significant revenue share of 30.8% in 2024, indicating a strong preference for reduced-fat dairy products in the region. Growth in North America: North America is anticipated to exhibit the fastest growth, with a projected CAGR of 4.9% over the forecast period. This growth is attributed to increasing health awareness and dietary preferences favoring reduced-fat options. Dist...

In 2022, the global   quinoa seeds market   was valued at USD 382.62 million. It is expected to rise modestly to USD 389.22 million by 2030, reflecting a compound annual growth rate (CAGR) of 0.21 % from 2023 to 2030. The moderate growth is primarily propelled by increasing consumer interest in plant-based diets and the heightened demand for gluten-free foods. Key Market Trends & Insights In 2022, North America led the market with a 28.7 % share in revenue, supported by strong demand for vegan food and the presence of major industry players. Over the forecast period, the U.S. is projected to grow at a 0.29 % revenue CAGR. By type, white quinoa dominated in 2022, accounting for 50.4 % of market revenue, owing largely to its milder taste and greater consumer familiarity. In applications, the direct whole seed consumption segment seized the largest revenue share (68.7 %) over the forecast period, benefiting from culinary applications like salads, soups, and ready-to-eat meals...

The global   protein ingredients market   was valued at USD 52.63 billion in 2024 and is projected to reach USD 85.84 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2033. This growth is driven by increasing consumer awareness regarding the importance of protein in maintaining overall health, muscle development, and metabolic function. Key Market Trends & Insights Regional Dominance: North America led the global market in 2024 with a share of 37.4%. The U.S. protein ingredients market is expected to grow at a CAGR of 5.1% from 2025 to 2033. Product Segmentation: Animal/Dairy proteins accounted for 68.6% of the market share in 2024. Plant-based proteins and microbe-based proteins are gaining traction due to rising vegan and sustainability trends. Application Areas: The food and beverages sector dominated the market with a 59.4% share in 2024. Other significant applications include infant formulations, animal feed, and clinical nutrients...

The global   protein extracts from single cell protein and other conventional sources market   was valued at USD 20.4 billion in 2022. This market is projected to reach USD 36.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. The increasing demand for sustainable and alternative protein sources in food and feed applications is a significant driver of this growth. Key Market Trends & Insights The market is witnessing a shift towards plant-based proteins, driven by consumer preferences for healthier and more sustainable food options. Technological advancements in protein extraction and production are enhancing the efficiency and scalability of protein extraction processes. Additionally, government initiatives promoting sustainable food production are further fueling the market's expansion. Market Size & Forecast In 2023, the market size is expected to reach USD 22.2 billion. By 2030, it is projected to grow to USD 36.4 billion,...

In 2023, the global   protein detection and quantification market   was valued at USD 2.68 billion, and it is forecast to reach USD 4.83 billion by 2030, registering a compound annual growth rate (CAGR) of 9.0% between 2024 and 2030. Key drivers include rising demand in proteomics research aimed at deepening understanding of protein interactions, functions, and modifications. Growth also reflects increased demand from diagnostic and personalized medicine, as well as government and institutional investment. Key Market Trends & Insights Regional dominance: North America led the market in 2023, holding 37.2% of global market share; the United States played a major role within that region. End-use sector: Hospitals and diagnostic centers represented the leading end-use category, commanding 48.3% of the market in 2023. Application focus: The drug discovery and development segment also held 48.3% of the market in 2023, making it the top application area. Product mix: Kits and re...

In 2023, the global   protein binding assays market   was valued at USD 455.6 million. It is anticipated to expand to USD 896.3 million by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 10.2% over the forecast span from 2024 to 2030. Protein binding assays are biochemical and molecular‐biology tools used to examine interactions among proteins, nucleic acids, or combinations thereof. Key Market Trends & Insights In 2023, North America held the largest regional share of the market, at 40.8%. The Asia Pacific region is projected to grow the fastest, with a CAGR of 11.1% over the forecast period. By product & services category, the services segment was dominant in 2023, capturing 44.7% of the market. With respect to end‐use, pharmaceuticals and biotechnology led with a 46.4% share in 2023. Among technologies, equilibrium dialysis was the most used in 2023, with a share of 49.7%. Market Size & Forecast 2023 market size: USD 455.6 million. Projected 2030 market...