Food and Services Industry - Market Research Report

  The U.S. confectionery market size is expected to reach USD 55.35 billion by 2030, expanding at a CAGR of 4.8% over the forecast period, according to a new report by Grand View Research, Inc. The increasing snacking trend and willingness to try more sweet and salty flavors in desserts have accelerated the demand for confectioneries in the U.S. According to the report published by the USDA on ‘U.S. Confectionery Industry the Power of Sweet’, about 88.9% of consumers consumer confectioneries as a treat, 8.0% consume with a meal, and 3.1% consumer as a meal replacement. In addition, younger consumers, particularly younger millennials and generation Z have a broader appeal for a wider array of chocolate treats. Further, nearly 1/2 of candy sales and 87% of growth is attributed to millennials and gen X in the U.S. and there is a growing demand for premium chocolate confectioneries from major players like Lindt & Sprüngli (USA) Inc., Ghirardelli Chocolate Company, and Ferrero. Furt...

  The global PEGylated proteins market size is expected to reach USD 3.06 billion by 2030, registering a CAGR of 11.71% over the forecast period, according to a new report by Grand View Research, Inc. PEGylation is the process of attaching polyethylene glycol polymer chains to molecules, such as therapeutics, medication, or vesicle, covalently & non-covalently. The industry is anticipated to grow significantly over the projected period, primarily as a result of the rising demand for PEGylation, an increase in the prevalence of chronic diseases, and the existence of potent new treatment candidates.PEGylated compounds also have certain additional benefits that contribute to the industry expansion, including increased proteolytic protection, a longer half-life, lower toxicity, and lower immunogenicity. On the other hand, increased PEGylation process costs and the patent expiration of some medications are anticipated to restrain industry expansion to some extent. However, the growi...

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  is the growing consum...

The global feed premixes market is estimated to reach USD 24.69 billion by 2030 and is expected to expand at a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. One of the key drivers of the market is the rising level of awareness regarding pet health and nutrition concerns, growth in demand for animal protein as well as technological developments in the animal feed sector. The advancements in technology have led to the development of effective and elaborate products, which are expected to further drive the growth of the market. The global market for feed premixes is estimated to be driven by the surge in demand of livestock-based food products such as dairy, eggs, meat, and others. The rise in consumption of these materials is anticipated to help increase the demand for the products in the country. Poultry meat is the leading reason for the expansion of the overall meat production sector, due to various factors such as low production cost, lower pr...

  The global ethnic food market size is expected to reach USD 78.1 billion by 2030, growing at a CAGR of 8.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is driven by a growing interest in diverse culinary experiences and the globalization of food culture. As consumers become more adventurous and seek authentic flavors worldwide, there has been an increased demand for ethnic foods that taste different cultures. This trend is particularly pronounced in urban areas, where multicultural populations blend traditional dishes with local ingredients, creating fusion cuisines that appeal to a broad variety of palates. Restaurants, food trucks, and grocery stores are responding to this demand by expanding their offerings of ethnic foods, from traditional staples to innovative fusion creations. Dishes from Mediterranean, Asian, African, and Latin American cultures often emphasize fresh ingredients, plant-based options, and balanced nutrition, aligning...