Food and Services Industry - Market Research Report

  The global   black beer market   size is expected to reach USD 51.20 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% from 2021 to 2028. Rising consumption of alcoholic beverages across the globe is anticipated to drive the black beer industry. The growing demand for darker and spicier beers such as dark ale, brown porter, and dark ale is likely to fuel the overall demand. The cans packaging segment held the largest revenue share in 2020 and is expected to maintain its lead over the forecast period. Canner black beer is more portable; however, glass bottles are heavier and fragile. For instance, while a six-pack of canned beer weighs about two pounds, a six-pack of bottled beer weighs more than seven pounds, making cans a more convenient choice for consumers. Furthermore, the flavor of beers is less impacted by cans as compared to bottles. Based on a study by Beverages Association, more than 61% of consum...

  The global   specialty fats and oils market   size is expected to reach USD 23.78 Billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.4% from 2024 to 2030. The specialty fats and oils market is experiencing significant growth due to an increasing demand for processed foods and convenience products among consumers worldwide. This trend is particularly prevalent in urban areas, where busy lifestyles and rising disposable incomes steer consumers towards ready-to-eat and packaged foods. Specialty fats and oils, offering tailored functionalities, flavors, and nutritional profiles, are integral to developing and enhancing these food products. Moreover, the versatility of these fats and oils makes them suitable for a wide range of applications, from baking and frying to confectionery and dairy products, further propelling their demand in the food processing industry. In addition to the food sector, the demand i...