PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1504288
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1504288
Please contact us using the inquiry form for pricing information.
Global Market Insights Inc. offers GMIPulse, a cutting-edge, Business Intelligence (BI)-enabled platform designed to deliver the finest strategic value. GMIPulse offers an adaptable subscription service, customizable to meet your unique needs, providing comprehensive and granular market data, competitive landscape insights, and an in-depth understanding of industry ecosystems. This platform is your go-to solution for all market research needs, ensuring you stay ahead with the latest trends and technological advancements.
The food & beverage industry is continuously evolving, driven by changing consumer preferences, technological advancements, and regulatory developments. GMIPulse provides in-depth insights into the following key clusters within the food & beverage industry:
The global beverages market is expected to grow at a CAGR of 5.3% from 2023 to 2030, driven by increasing consumer demand for health-conscious products and innovative flavors. Key markets include non-alcoholic beverages, alcoholic beverages, and functional drinks. For instance, the functional beverages market, which includes energy drinks and fortified waters, is gaining popularity due to its health benefits.
The food additives market is projected to expand at a CAGR of 6.1% from 2023 to 2030, fueled by the rising demand for processed foods and the need for enhanced food safety and shelf life. Major segments include preservatives, flavor enhancers, and colorants. Natural additives like stevia and monk fruit are becoming increasingly popular as consumers seek healthier alternatives to synthetic additives.
The global food processing market is anticipated to grow at a CAGR of 4.8% from 2023 to 2030, driven by advancements in processing technologies and the growing demand for convenience foods. Key areas include meat processing, dairy processing, and bakery & confectionery processing. The adoption of automation and AI in food processing is enhancing efficiency and product quality.
The food service market is expected to expand at a CAGR of 5.5% from 2023 to 2030, supported by the rising trend of dining out and the growing popularity of food delivery services. Major segments include restaurants, cafes, and catering services. The rise of online food delivery platforms and ghost kitchens is transforming the food service industry.
The food testing market is projected to grow at a CAGR of 7.2% from 2023 to 2030, driven by stringent food safety regulations and the increasing incidence of foodborne illnesses. Key areas include microbiological testing, chemical testing, and nutritional labeling. Innovations in testing technologies, such as rapid detection methods and blockchain for traceability, are enhancing food safety and quality assurance.
The nutraceuticals market is anticipated to grow at a robust CAGR of 8.4% from 2023 to 2030, fueled by the rising consumer awareness about health and wellness. Major segments include dietary supplements, functional foods, and functional beverages. The demand for probiotics, omega-3 fatty acids, and plant-based proteins is surging as consumers seek products that offer health benefits beyond basic nutrition.
The global processed food market is expected to grow at a CAGR of 4.9% from 2023 to 2030, driven by the busy lifestyles of consumers and the growing preference for ready-to-eat meals. Key markets include frozen foods, canned foods, and snacks. The trend towards clean label products and natural ingredients is influencing the development of healthier processed food options.
The proteins market is projected to expand at a CAGR of 6.7% from 2023 to 2030, supported by the increasing demand for high-protein diets and the growth of the sports nutrition sector. Major segments include animal-based proteins, plant-based proteins, and insect proteins. Plant-based proteins, such as pea protein and soy protein, are gaining traction due to their environmental benefits and health advantages.
GMIPulse offers unparalleled strategic value through its BI-enabled platform. With its customizable and interactive interface, accurate data, and comprehensive market insights, GMIPulse is your essential tool for staying ahead in the competitive food & beverage market landscape. Subscribe today to unlock the full potential of your market research and strategic planning capabilities.
Please contact us using the inquiry form for pricing information.