Food and Services Industry - Market Research Report

The global in-flight catering services market size is expected to reach USD 27.62 billion by 2030, registering a CAGR of 5.9% during the forecast period, according to a new report by Grand View Research, Inc. In-flight catering services are expected to grow rapidly due to the rise in the number of passengers flying. Despite slower economic growth in certain nations, after the COVID-19 pandemic, people have started flying in both domestic and international flights cautiously, which is projected to grow over time, encouraging market expansion. Growth in passenger demand for healthy and nutritious food products in-flight and their willingness to pay a premium for high-quality, healthy food are expected to fuel market growth during the forecast period. Additionally, airlines worldwide offer their customers more options for customizing their meals and a wider variety of food options. The proliferation of in-flight food management and the development of automation have made it possible for a...

  The global meat, poultry & seafood market is expected to reach USD 1,601.2 billion by 2030 at a CAGR of 2.5%, according to a new report by Grand View Research, Inc. Growing meat consumption in countries such as the U.S., the U.K., India, and China is anticipated to ultimately contribute towards enhancing the supply of meat, poultry & seafood products. The growing consumer awareness and preferences for high-quality attributes of meat are expected to steer the global meat industry. Preference for high-quality meat has led to the growing demand for organic products in the meat, poultry and seafood segments. Companies operating in the market have been catering to such demands and launching organic meat products to gain the traction of consumers. For instance, in June 2021, Raise American launched a 100% American, 100% grass-fed, organic beef, and flexitarian product line. The brand’s product line includes fresh steaks, grinds, meatballs, blended patties, seasoned and precooke...

The global fresh vegetables market size is expected to reach USD 769.90 billion by 2028, registering a CAGR of 2.8% from 2022 to 2028, according to a new report by Grand View Research, Inc. The growing consumer expenditure on fresh food products like vegetables is expected to promote market growth over the forecast period. Moreover, the increasing awareness about the benefits of fresh vegetables among consumers is propelling the market growth. Moreover, restrictions and lockdown situation has been observed during the COVID-19 pandemic, and it showed an impact on the market due to the suspended or delayed supply of vegetables to market. However, it significantly impacts on export and import of fresh vegetables. Moreover, the increasing demand for fresh products post lockdown situation of the pandemic will create more opportunities for the market players. The onion segment is expected to grow with the fastest growth rate of 3.4% from 2022 to 2028. Continuous changing lifestyles and eatin...

The global rice market size is expected to reach USD 334.24 billion by 2028, registering a CAGR of 2.2% during the forecast period, according to a new report by Grand View Research, Inc. The rapidly growing food industry and rising spending on fast food products are expected to promote market growth. Moreover, continuous developments in rice mill machinery across the globe and attractive packaging have increased the demand for these products in emerging economies. The lockdown situation that has resulted from the COVID-19 pandemic has not significantly affected the rice industry, as compared to the other industries. The increasing demand for cereal grain across the globe is propelling market growth. Moreover, the rising demand for packaged and fast-food products in the post-COVID period will create several growth opportunities for the market players. The medium-grain segment is expected to advance at the fastest CAGR of 2.4% from 2022 to 2028. Rice is a convenient form of nutritious an...

  The global breakfast cereal market size is anticipated to reach USD 50.66 billion by 2030 and is projected to grow at a CAGR of 3.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The modern landscape of breakfast consumption is characterized by an increasing shift toward on-the-go options driven by the fast-paced nature of contemporary lifestyles. This trend presents a significant growth driver for the global market. With time constraints and convenience taking center stage, individuals are opting for quick and portable breakfast solutions. Breakfast cereals, with their inherent convenience and ease of preparation, cater to this demand, making them an ideal choice for busy professionals, students, and individuals with demanding schedules. Emerging economies are witnessing a paradigm shift in the purchasing behavior and habits of customers. Rapid urbanization and the growth of the middle-class population in developing economies have resulted in changing...

  The global plant-based beverages market size is expected to reach USD 71.83 billion by 2030, registering a CAGR of 13.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. There is significant scope for the growth of the global industry as the concept of veganism is gaining prominence in developed countries, such as the U.K., U.S., Australia, New Zealand, Germany, Italy, France, and Canada. In addition, various Middle Eastern countries such as Israel and Saudi Arabia have been witnessing a growth in the vegan population, which offers several growth opportunities for plant-based beverage manufacturers. Major players as well as new entrants in the industry are adopting various market strategies, primarily new product launches, and strengthening their distribution channel to gain maximum customer penetration across the globe. For instance, in April 2021, Nestlé announced the launch of a plant-based, ready-to-drink (RTD) version of its Milo cocoa beverage in As...

  The global vegan cheese market size is expected to reach USD 7.10 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.6% from 2022 to 2030. Increasing acceptance of veganism among consumers, especially among millennials, has been fueling market growth. The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products. The mozzarella product segment held the largest revenue share in 2021 and is expected to maintain its lead over the forecast period. Mozzarella is widely used in Italian dishes, such as pasta, pizzas, croquettes, and Caprese salad, and is available in the form of slices, cubes, shredded, and spreads. Therefore, the demand for mozzarella is significantly high in countries where Italian cuisine is increasingly popular. The cashew source segment captured the largest revenue share in 2021. Cashew-base...

  The global energy drinks market size is expected to reach USD 125.11 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.9% from 2024 to 2030. The demand for these drinks has been driven by changing tastes, expanding lifestyles, and shifting customer preferences, in addition to continuous product improvements. Consumers are using energy drinks to stay hydrated, maintain appropriate liquid consumption, and promote good health as a result of growing health consciousness, which is driving market expansion. Organic farming practices are perceived as more environmentally sustainable, contributing to the appeal of organic products, including energy drinks. Consumers are becoming increasingly concerned about the ecological footprint of their purchases, opting for products that support sustainable agriculture and biodiversity conservation. Traditional retail channels, such as supermarkets, hypermarkets, and convenience st...

The global palm oil market size is expected to reach USD 100.4 billion by 2030, expanding at 5.1% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is driven by increasing demand for food applications and eco-friendly, organic, and sustainable products. Personal care products and cosmetic industries are also major sectors accountable for the growth of products. Palm oil is an edible oil that is derived from the mesocarp of the palm fruit. Indonesia and Malaysia are the largest producers as well as exporters of the product globally. It is extensively used in the food, cosmetic, and personal care products industries, among others. Asia pacific region is the largest consumer of palm oil owing to its key application for food preparation in the region. The global product market is amalgamated as well as competitive in nature. It is one of the well-established companies with a developed value chain. Internationally, the product market has a resilient n...

The global cookies market size is estimated to reach USD 54.9 billion by 2030, expanding at a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising product popularity and increasing demand for on-the-go snacks in developed markets including Germany and U.K. are expected to remain key driving factors for the market over the forecast years. Increasing demand for gluten-free cookies as alternatives to conventional counterparts due to rising concerns regarding glutamic disorders is also offering growth opportunities for the global market. Rapid urbanization along with increasing disposable income levels in emerging economies, such as China and India, is projected to boost the product demand. Innovative marketing strategies undertaken by major companies in the market to lure new customers will also contribute to the market growth. Manufacturers are focusing mainly on product innovations, in terms of flavors, ingredients, packaging, etc. This factor ar...

The U.S. olive oil market size is expected to reach USD 4.78 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.4% from 2025 to 2030. Health and wellness, particularly the focus on immunity and healthy aging, are the major factors driving the market for olive oil in the U.S. Olive oil, especially extra virgin olive oil (EVOO), is rich in antioxidants and monounsaturated fats that support heart health and the immune system, making it appealing to health-conscious consumers. Furthermore, the increasing popularity of Mediterranean cuisines among U.S. consumers, which heavily use olive oil in dishes, further drives consumption as these diets are recognized for their health benefits by the consumers, thus driving the demand and growth of the market during the forecast period. The fast-casual dining sector has been one of the fastest-growing segments of the U.S. food service industry, and its emphasis on healthier, fresher, and cus...

  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...