Food and Services Industry - Market Research Report

  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...

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...