Food and Services Industry - Market Research Report

  Beef Industry Overview The global beef market size was valued at USD 467.7 billion in 2021 and is expected to progress at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. With increasing globalization, the food preferences of consumers around the world have witnessed some significant changes. Consumers are increasing their protein intake, resulting in the rising demand for meat. Meat and its products are packed with a host of essential ingredients and nutrients and save a lot of time and effort in cooking. Therefore, manufacturers are primarily focusing on the quality of the meat and its products. The COVID-19 pandemic has caused disruptions in the market. The limited availability of some meat products in retail stores resulted in a price rise. The COVID-19 outbreak has impacted numerous meat production facilities across the globe. These outbreaks affected a large number of plants, which led to the disruption of the supply chain, closure of some factories, and po...

  Greek Yogurt Industry Overview The global greek yogurt market size was valued at USD 27.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. A change in consumer preferences and high demand for clean label foods are the key factors driving the growth of the market. The COVID-19 pandemic has led to an increase in sales of dairy products such as yogurt and cheese leading to high demand for the products. Lockdowns caused by the COVID-19 pandemic in several parts of the world led to stockpiling of essential food products. The pandemic has also shifted consumer preference toward organic foods as several customers are looking for clear ingredient lists. The growing awareness among consumers regarding transparency in the ingredient list in food products is driving the demand for clean label products. According to the Institute for Food Technologists, a clean label means producing a product with the least number of ingredients a...

  Fermented Tea Industry Overview The global  fermented tea market  size is expected to reach USD 12.6 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.8% from 2021 to 2028. The presence of online channels for purchasing sparkling drinks and fermented teas is a major factor driving the demand for fermented teas. Companies in the market are increasingly utilizing social media platforms to stay afloat during the pandemic. The pandemic has disrupted the supply chain in several industries due to the difficulty in obtaining raw materials. The closure of several businesses and cafes has decreased the sales revenue for companies in the industry. However, the pandemic has shifted the focus of customers towards healthier lifestyles and increased consumption of immunity-rich food and beverages which is acting as an opportunity for the players in the industry. During the pandemic, several businesses turned toward...

  Preservatives Industry Overview The global  preservatives market  size is expected to reach USD 8.12 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% over the forecast period. The increased product demand has positively contributed to the market growth. The synthetic type of  food preservatives  dominated the global market owing to their cost competitiveness. However, natural preservatives are replacing synthetic ones in developed economies owing to the high customer awareness regarding the adverse effects of chemicals, thus positively impacting the market growth. Food manufacturers utilize antioxidants for the neutralization of free radicals and to balance the adverse effects of additives in processed foods. Thus, with the increasing consumption of processed foods, such as meats and snacks, along with various types of beverages, the antioxidants market is expected to witness significant growth during the f...

  North America Food Service Disposable Industry Overview The  North America food service disposable market  size is expected to reach USD 31.36 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.9% from 2020 to 2028. The strong penetration of quick service restaurants (QSRs), coupled with the rising popularity of online food delivery services, is primarily driving the North American market. The convenience of ordering food from restaurants with a single tap on mobile phones has been primarily contributing to the growth of online food delivery services across North American countries. Besides, hefty discounts offered by the delivery platforms, along with multiple payment options, have also been a pivotal factor in the expansion of online delivery services and ultimately boosting demand for food service disposables. The increasing popularity of food trucks, which use disposables for serving food in the U.S., i...

  Mushroom Industry Overview The global  mushroom market  size is expected to reach USD 115.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.7% over the forecast period. Increasing adoption of vegan diets across the developed economies on account of growing consumer concerns towards animal welfare and the environment is likely to have a positive impact on industry growth. Rising consumer preferences for natural ingredient-based food and cosmetic products around the globe owing to growing awareness regarding the side effects of their synthetic counterparts are expected to drive demand for mushrooms.   Furthermore, mushrooms are rich sources of vitamins, antioxidants,  essential oils , proteins, and other bioactive compounds leading to their increasing demand from pharmaceutical applications. Mushroom manufacturers have started focusing adoption of sustainable production processes to attra...

  Online Grocery Industry Overview The global  online grocery market  size is expected to reach USD 2,158.53 billion by 2030, growing at a CAGR of 25.3% from 2022 to 2030, according to a new study by Grand View Research Inc. The changing consumer behavior, the growing preference for contactless shopping and adherence to social distancing norms, and a paradigm shift toward buying fresh food and grocery online, particularly in the wake of the outbreak of the COVID-19 pandemic, are some of the major factors that are expected to drive the growth of the market over the forecast period. Continued urbanization, the rising number of tech-savvy consumers, and the unabated growth of the e-commerce industry worldwide have been driving consumer preference toward buying the essentials over the internet. Easy access to a myriad of products from different vendors, ease of ordering, seamless digital payments, attractive offers, such as discounts and cashback, and convenient ...