Food and Services Industry - Market Research Report

The global corn and corn starch derivatives market size is expected to reach USD 118.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2022 to 2030 in terms of revenue. The market is anticipated to propel in the coming years due to the increasing adoption in food and beverages, detergent, paper and board, and processed food industries. Rising demand for convenience food products due to the increasing female working population, coupled with rising living standards and economic conditions, is expected to have a positive impact on the market. Increasing penetration of corn starch in household recipes as a thickening agent for marinades, casseroles, sauces, gravies, and soups is further propelling the market growth in the forecast period. Corn starch is also helpful for humans in treating glycogen storage disease (GSD), and this factor will also have a positive impact on the market. Corn oil is a type of vegeta...

  The global pre-packaged sandwiches market size is expected to reach USD 2.44 billion by 2030, registering a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for pre-packaged food among the young and millennial population due to the hectic schedule has been fueling the demand for the product across the world. In addition, sandwich is a lightweight cost-effective meal that contains all the essential nutrients including vitamins, minerals, and proteins. As a result, it has gained remarkable popularity among the health-conscious consumers who work in a hectic schedule. The non-vegetarian segment dominated the market and accounted for a revenue share of 71.1% in 2023. The products are available in a wide range of variants including egg, chicken, sausage, bacon, and beef. The vegetarian segment is expected to register the fastest CAGR during the forecast period. Over the past few years, increasing adoption of veganism across the globe...

The global animal feed market size is projected to reach USD 816.78 billion by 2030, as per a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 4.6% from 2023 to 2030. The growth is majorly driven by the rising demand for higher-quality food products like meat, eggs, and milk, which has led to an increased usage of animal feed in the region. The market growth is faced with challenges such as the price volatility of raw materials and additives used in feed preparations. For example, a sudden increase in corn prices can affect small and medium-sized pig farm owners as it is less affordable for them. In addition, the growing trend of people adopting vegan and vegetarian diets and reducing meat consumption could reduce the demand for meat, negatively impacting the product demand. Furthermore, outbreaks of animal diseases like African Swine Fever (ASF) and Porcine Epidemic Diarrhea (PED) can also limit market growth. According to the Food and Agricultu...