Food and Services Industry - Market Research Report

  The global   automated guided vehicle market   size is expected to reach USD 9.18 billion by 2030, registering a CAGR of 9.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Automated guided vehicles (AGVs) have transformed the way materials can be moved within the manufacturing and distribution facilities. In a production environment where several operations are carried out simultaneously, these vehicles ensure a predictable and reliable transfer of raw materials and manufactured products from one point to another within the facility, thereby eliminating any potential disruption in production. These vehicles can operate safely around structures, machinery, and employees, as they are equipped with accessories, such as camera vision and LiDAR sensors, which help detect junctions, identify floor signs, and avoid collisions with any obstacle. For instance, in November 2021, Quanergy Systems, Inc., a U.S.-based company that offers an AI-powered LiD...

  The global   alcoholic drinks market   size is expected to reach USD 3,015.22 billion by 2030, and anticipated to grow at a CAGR of 9.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. This can be attributed to the growing demand for premium beer, wine, and dark spirits across the globe. Moreover, the growing trend to consume artisanal spirits is further anticipated to boost market growth during the forecast period. The increasing procurement of Scottish whiskey in Europe is a major factor in propelling market growth. Moreover, the growing demand for value-added cordials and liquors across the world is anticipated to boost business growth. Rising demand to procure cost-effective alcoholic cocktail products is expected to be an upcoming opportunity for the market. Hard seltzer segment is projected to register the fastest growth during the assessment period due to the rising demand for watermelon and cucumber craft hard seltzer in the U.S. and Ca...

  The global   healthy snacks market   size is expected to reach USD 144.64 billion by 2030, registering a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness of health and wellness and an increasing focus on preventing lifestyle-related diseases have led to a surge in consumer interest in healthier snack choices. This has created a demand for convenient, nutritious snacks that can be enjoyed on the go. The market has responded with innovative and diverse product offerings that cater to these evolving preferences. Furthermore, social media has played a significant role in popularizing healthy eating trends and influencing consumer choices. In addition, workplaces are incorporating wellness programs that encourage healthier snacking habits, contributing to the growth of the market for healthy snacks. The growth of this market is strongly driven by continuous innovation and expanding product diversity. Manufacturers attem...

  The global market for   functional drinks   was valued at USD 204.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. The growing awareness of the health benefits associated with functional drinks, which are enriched with health-boosting ingredients like amino acids, vitamins, and minerals, is expected to drive market growth in the coming years. Additionally, increased marketing efforts and innovative product introductions by key players are likely to further accelerate market expansion during the forecast period. The COVID-19 pandemic positively impacted demand for functional drinks due to the rising interest in products that boost immunity and offer other health benefits. A whitepaper from Kerry Group revealed that over 65.0% of consumers became more health-conscious after the pandemic. Moreover, the availability of functional drinks through e-commerce platforms, retail outlets, and grocery stores helped boost ...

  The global   recombinant proteins market   was valued at USD 3.02 billion in 2024 and is expected to grow at a CAGR of 10.2% from 2025 to 2030. The increasing prevalence of chronic conditions such as cancer, diabetes, and autoimmune diseases is anticipated to propel market growth. Additionally, the growing adoption of biopharmaceuticals, including monoclonal antibodies, vaccines, and therapeutic enzymes, is further contributing to the expansion of the recombinant proteins market. The numerous advantages of recombinant proteins are boosting their preference over natural proteins in research activities. These proteins can be produced with high yields, free of animal-derived contaminants, and with consistent batch-to-batch quality. Furthermore, their amino acid sequences can be easily modified, and unnatural amino acids can be incorporated as needed. Common recombinant proteins used in research include growth factor families such as fibroblast growth factors, vascular endo...

  The global   coffee roaster market   was valued at USD 1,286.2 million in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. A major factor fueling this growth is the increasing global consumer preference for coffee consumption. Notably, consumers in the Asia Pacific region significantly contribute to the rising demand. Additionally, the growing preference for freshly roasted coffee is expected to further propel market expansion. According to the International Coffee Council, there has been a noticeable shift among consumers in East and South Asia towards favoring fresh coffee. The COVID-19 pandemic adversely affected many sectors, including the food and beverage industry. During this period, the coffee roaster industry experienced a decline, mainly due to reduced coffee consumption among consumers. Measures like the closure of cafes and restaurants and social distancing mandates during lockdowns led to decreased coffee co...

  The global   snacks market   was valued at USD 692.52 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. This growth is largely driven by the increasing trend of on-the-go consumption, especially among urban dwellers and younger consumers. A wide range of flavors and snack varieties has played a significant role in attracting consumers with diverse taste preferences. Additionally, a growing demand for healthier and more convenient snack options has become a key catalyst for market expansion. Consumer habits have notably shifted in recent years, with a stronger preference for snacks that are both portable and easy to consume. For time-constrained individuals, snacks that can be eaten during commutes or short breaks are especially appealing. As a result, the market has seen rising interest in snacks that combine convenience with taste and nutritional value. For instance, in June 2022, Kellogg’s Special K launched ...

  The   U.S. wine market   was valued at USD 75.27 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 8.1% from 2025 to 2030. This growth is being fueled by innovation in flavor profiles, packaging, and wine color, which is boosting wine sales across the country. In addition to traditional wines, niche segments and emerging wine-producing regions are gaining traction. Areas such as Oregon’s Willamette Valley, New York’s Finger Lakes, California’s Santa Rita Hills, and the Columbia Valley are establishing strong reputations with distinctive offerings. These regions are captivating adventurous consumers through the use of indigenous grape varieties, inventive winemaking methods, and unique terroirs. Shifting consumer preferences are significantly influencing the U.S. wine landscape. There is a growing demand for diverse wine experiences, including organic, biodynamic, and sustainable options. Millennials are playing a pivotal role in this ...

  Athletes and sports professionals are constantly seeking top-quality products that deliver high nutritional value and enhance performance. The wide array of   sports nutrition   products from various brands significantly supports the sports nutrition industry, providing numerous growth opportunities. With a diverse range of products, such as protein drinks, powders, and snacks, and their increasing popularity among consumers, the market has dominated global dynamics, generating revenue of USD 48.58 billion in 2024, with the potential for even greater growth at a CAGR of 7.5% over the next five years. Sports nutrition has experienced tremendous evolution over the last decade, and now more than ever, athletes are turning to highly nutritious supplements to fuel performance, boost recovery, and enhance strength. However, the question remains… which essential supplements should be included in your products? Here’s an insightful guide discussing the significance of supplemen...

  According to a new report by Grand View Research, Inc., the global   fruit puree market   is projected to reach USD 7.48 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7% between 2025 and 2030. This growth is being driven by the rising use of fruit puree in a variety of applications including bakery, confectionery, baby food, and both alcoholic and non-alcoholic beverages. Additionally, factors such as rapid urbanization and the expanding working population are boosting the demand for processed and packaged food, thereby increasing the need for fruit puree in the food processing sector. Among the product segments, tropical and exotic fruit purees accounted for the largest market share in 2024, representing over 37.7% of global revenue. The segment’s growth is largely due to the broad availability and extensive application of tropical fruits. Meanwhile, citrus fruit puree is anticipated to grow at the fastest rate during the forecast period, attrib...

  The global   insect protein market   is projected to reach USD 1.51 billion by 2030, growing at a CAGR of 16.9% from 2024 to 2030, according to a recent report by Grand View Research, Inc. This surge in demand stems from the recognition of insect protein as a sustainable alternative to conventional livestock. Insects require considerably less land and water and generate fewer greenhouse gas emissions. Regulatory milestones, such as EU approvals for insect protein in animal feed, are propelling the market forward. Meanwhile, educational campaigns and increased awareness are gradually boosting consumer acceptance of insect-based products. Beetle-derived protein is gaining attention due to its high nutritional value and environmentally friendly production, making it attractive to health-conscious and sustainability-minded consumers. As the social stigma around insect consumption fades, beetle-based products are anticipated to see increased demand. Advances in processing an...

  The   U.S. soup market   size is expected to reach USD 5.93 billion by 2030, registering a CAGR of 3.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising awareness about leading a healthy and active lifestyle is expected to propel the demand for the product over the forecast period. Health benefits offered through the consumption of soup are expected to drive the growth of the industry. High water content in the soup results in a decrease in calorie intake, which helps weight reduction. In addition, the introduction of customized products such as low sodium and gluten-free soups is also boosting the growth of the industry. The industry exhibits the introduction of a number of soups and broths with added minerals and vegetables in a bid to improve the nutrition of the product. The products are also being promoted with high advertisement expenditure in a bid to increase product sales and revive the dwindling industry growth in the economy. T...

  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...