Food & Beverage Reports

Insect protein market is anticipated to grow at a CAGR of 27.7% during the forecast period (2024-2031). The global insect protein market is experiencing growth owing to various factors such as sustainability concerns, and the high nutritional value of insect-based products. Insect farming is a viable and sustainable alternative to traditional livestock farming. Furthermore, advancements in farming techniques, processing technologies, and product development have contributed to the efficiency and cost-effectiveness of insect protein production. Additionally, consumer acceptance, education, and regulatory support have driven the use of insect protein in animal feed. Increased investment in production and research initiatives further contribute to the expansion of the market.

Grain processing equipment market is anticipated to grow at a CAGR of 7.6% during the forecast period (2024-2031). The grain processing equipment market is influenced by various factors, including the increasing demand for processed and packaged food, advancements in technology, and growth in the food and beverage industry. The global population rise and urbanization have resulted in a rise in the need for efficient grain processing equipment to meet the demand for processed and packaged food. Technological advancements, such as automation, IoT integration, and AI, have contributed to enhanced efficiency and productivity.

Frozen chicken market is anticipated to grow at a CAGR of 6.0% during the forecast period (2024-2031). The market growth is attributed to the growing advancement in cold chain infrastructure & logistics with the growing popularity of frozen food across the globe. The increasing rate of urbanization, growing availability of organic frozen chicken, and low-processed frozen chicken is also contributing to the regional market growth. Further, the market is expected to be negatively influenced by the consumer shift towards a vegan diet.

Shaojiu market is anticipated to grow at a CAGR of 5.0% during the forecast period (2024-2031). Shaojiu, also known as Baijiu, is a Chinese distilled alcoholic beverage with a rich history. It is primarily made from grains such as sorghum, rice, or maize, with variations in ingredients and production methods across regions. Shaojiu holds significant cultural importance. The market growth is driven by the expanding global market, rising disposable income, and the growth of e-commerce. Additionally, the market players are adopting various business strategies such as product portfolio diversification, innovative production techniques, and investment in branding and marketing. 

Semi-skimmed fish meal market is anticipated to grow at a CAGR of 9.4% during the forecast period (2024-2031). Semi-skimmed fish meal is a protein-rich ingredient for feeding the animals, which was produced out of processing waste and fish part leftovers. It is cooked, squeezed, dried, and groundfish wastes such as heads, tails, backbones, and entrails. The market growth is driven by increasing environmental concerns, government incentives, and advancements in technology. The market growth is also supported by the increasing collaborations between government and private players and R&D efforts.   

Buckwheat flour market is anticipated to grow at a CAGR of 3.6% during the forecast period (2024-2031). Buckwheat, primarily grown in Asia, is popular for its adaptability to short seasons and acidic soils. Its flour, known for being gluten-free, is rich in flavonoid rutin, which strengthens blood vessels. The increasing demand for buckwheat flour is driven by its health benefits and versatility as a food ingredient.

Frozen hake market is anticipated to grow at a CAGR of 8.0% during the forecast period (2024-2031). The market growth is driven by the versatility, mild flavor, and health benefits of frozen hake. The rising consumer preference for convenient, ready-to-cook seafood options is also leading to market growth. The other factors contributing to the market growth are the expanding seafood retail sector, growing online grocery platforms, improvement in the supply chain, and the expansion of product portfolio by the market players.  

Rum market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). Rum is a popular alcoholic beverage worldwide, known for its unique flavors and rich history. As incomes rise globally, there has been a noticeable increase in the consumption of all types of alcoholic beverages, including rum, reflecting a growing appreciation for quality drinks and indulgence among consumers, leading to market growth.

Oat-based beverage market is anticipated to grow at a CAGR of 8.3% during the forecast period (2024-2031). Oat-based beverages are plant-based beverages prepared using oats. They are simple to make and reasonably priced. This sort of beverage is nutritious and healthful, and it comes in various flavors. The growing consumption of plant-based beverages as an alternative to dairy milk is a key factor driving the global oat-based beverages market.

Dried vegetable market is anticipated to grow at a CAGR of 6.0% during the forecast period (2024-2031). Dried vegetables are vegetables from which the water content is removed through an innovative air-drying process. Drying removes the moisture from the vegetables, thus inhibiting microbial growth and hence increasing the shelf life of the vegetable. A major factor supporting the market growth is the increasing preference for healthy snacks from consumers which are ideal for busy professionals, parents, or students with limited time. 

Red meat market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand for protein-rich diets, particularly in emerging economies with rising disposable incomes and changing dietary preferences. Red meat is typically richer in certain nutrients like protein, iron, and various vitamins compared to white meat, which comes from poultry like chicken and turkey.

Frozen dessert market is anticipated to grow at a CAGR of 11.9% during the forecast period (2024-2031). Frozen desserts such as ice cream, gelato, sorbet, frozen yogurt, popsicles, ice cream sandwiches, and frozen pies or cakes are increasingly consumed around the globe owing to lifestyle changes, rising disposable income in emerging economies, rising standards of living, among others. They are often made with a base of dairy or non-dairy ingredients, combined with flavors, fruits, nuts, chocolate, or other ingredients to create a delicious frozen treat. 

Brandy market is anticipated to grow at a CAGR of 11.4% during the forecast period (2024-2031). Brandy is a type of distilled spirit made from fermented fruit juice, most commonly grapes. However, it can also be produced from other fruits such as apples, pears, and berries. The process involves fermenting the fruit juice and then distilling it to increase its alcohol content. Brandy is typically aged in oak barrels, which impart flavor and color to the final product. It can range in color from pale yellow to deep amber and in flavor from fruity and floral to rich and complex, depending on factors such as the fruit used, the distillation process, and the length of aging.

Glycine soja (soybean) seed extract market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031). Glycine soja (soybean) seed extract is a potent antioxidant and anti-inflammatory agent for the skin, due to its high vitamin E content. It protects the skin from free radical damage, reduces aging effects like wrinkles and fine lines, and minimizes cellular damage caused by the sun's ultraviolet rays. This ingredient is rich in natural chemical components, including Genistein, which promotes a more youthful appearance. 

Coffee concentrates market is anticipated to grow at a moderate CAGR of 4.7% during the forecast period (2024-2031). Coffee concentrate is a condensed form of coffee that offers convenience and versatility. It can be diluted with water or milk to create various coffee beverages, catering to diverse consumer preferences.

Hydrotreated vegetable oil market is anticipated to grow at a significant CAGR of 12.4% during the forecast period (2024-2031). Hydrotreated vegetable oil, which comes from plant-based sources like vegetable oils or animal fats, is a sustainable and renewable substitute for conventional diesel fuel. It goes through a hydrotreatment procedure that takes out impurities and lowers the oxygen level, making it a high-grade, low-emission diesel replacement that works with current diesel engines.

Cassia seed extract market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2024-2031).Cassia seed extract is a natural ingredient with several health benefits. It is rich in antioxidants and has anti-inflammatory properties. The market for Cassia seed extract is expected to grow due to the increasing demand for natural and herbal products. The rising awareness about its health benefits and the growing preference for organic and chemical-free products are driving the market's growth. 

Craft spirits market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031).Craft spirits are the segment of the distilled spirits industry that consists of smaller, independent producers who focus on producing high-quality, handcrafted spirits that are typically produced in smaller batches using traditional methods and often emphasize unique flavours, local ingredients, and artisanal techniques and include various types of liquor such as whiskey, vodka, gin, rum, tequila, and others.

Food contact paper market is anticipated to grow at a CAGR of 4.8% during the forecast period. Food contact paper refers to papers that are likely to come into contact with food during manufacture, processing, serving, or storage. This comprises kraft paper, greaseproof paper, and parchment paper, among others. Paper is made of cellulose fibers, which are generally generated from wood making it biodegradable and renewable.

Sugar beet harvester market is anticipated to grow at a CAGR of 10.8% during the forecast period (2024-2031). An agricultural device used to harvest sugar beet is called a sugarbeet harvester. A tractor was used to tow the initial machines, and they could only raise a single row. The majority of modern self-propelled sugarbeet harvesters have harvesting units with six rows. Shares are raised off the ground to free the beets. The beets are taken out of the clinging soil and placed into the machine's holding tank using cleaning rollers, a transfer web, and a discharge elevator.

Fruit Concentrate Market is estimated to grow annually at a CAGR of 4.7%. and is shifting towards natural fruit juices. As fruit concentrates have rich fruit pulp, the demand of it is growing. Fruit concentrates are easy to store and transportation is also less expensive. In food and beverage industry and it is used as an alternative of natural flavoring and sweetening.

Matcha market is anticipated to grow at a CAGR of 7.9% during the forecast period (2024-2031). The market growth is attributed to growing demand for natural and organic products, such as matcha, is increasing owing to concerns about synthetic additives and chemicals in food and beverages.  According to the National Institute of Health (gov.), in January 2021, the chemical composition of matcha green tea is rich in natural antioxidants called polyphenols, which make up around 30% of its dry weight. 

body fat reduction market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030) owing to the rising obesity problem in developed as well as developing countries, majorly owing to unhealthy stressful lifestyle among the population. Thus, individuals aim to reducing body fat through both surgical and non-surgical approaches. Overweight is the main reason for the chain of other significant diseases. Obesity is caused by a combination of genetic, physiological, and environmental variables, as well as diet, and physical activity.

Food pathogen testing market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030) due to globalization of food trade, rising incidences of foodborne disease outbreaks, consumer awareness, government initiatives to maintain food hygiene, and advancement in modern testing technology. 

Cloud kitchen market is anticipated to grow at a CAGR of 10.2% during the forecast period (2023-2030). A cloud kitchen, also known as a ghost kitchen or virtual kitchen, is a professional food preparation and cooking facility that is set up for the preparation of delivery-only meals. It does not involve a restaurant front-end with a dining area or pick-up counter, and it only accepts orders through websites, mobile applications, or partnering with food delivery apps. Hence the companies are focusing on expanding or entering the cloud kitchen business. 

Infant nutrition market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The infant nutrition market is driven by the increasing adoption of prepared organic baby food due to busy lifestyle, rising number of strategic investments in the infant nutrition category. A significant increase in the working mother population, higher spending on baby health, and the rising demand for organic baby food has further contributing to the market growth. Over the past few years, there has been a remarkable increase in the population of young working mothers. 

Soy protein for animal feed market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. Soy protein is a renowned ingredient in animal feed, as it is a high-quality source of protein that can improve the growth and development of livestock. The use of soy protein in animal feed is used to increase the overall protein content of the feed, which can lead to improved weight gain, feed efficiency, and overall animal health. The major factors contributing to the growth of the soy protein for animal feed market include the increasing livestock population and rising demand for meat and dairy products. 

Animal-based protein supplement market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The rising numbers of health-conscious consumers have created demand for protein supplements having high nutritional value, which in turn driving the global animal-based protein supplement market. Moreover, animal based protein supplements have numerous health benefits and it has been supported by strong scientific evidence and recognized by the government food regulatory institutions, such as the FDA. 

Dark chocolate market is anticipated to grow at a CAGR of 7.2% during the forecast period (2023–2030). The growing concern towards the health benefits associated with the food and beverages is the key factor supporting the market across the globe. Dark chocolate is high in antioxidants, and it contains flavanols and polyphenols, that is beneficial to health in a several ways such as it help to lose weight, lower the risk of heart disease and diabetes, improve the brain function, and protect our skin from the sun, among others. 

Butter market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023–2030).The market's growth is attributed to factors such as rising consumer demand in the globe. Consumers are demanding a wider range of varieties in butter and quality-based products such as unsalted butter, salted butter, sweet cream butter, and cultured butter. This influenced the manufacturer to concentrate on developing new and unique butter flavours. For instance, in March 2023, Land O’Lakes launched a limited-time everything-bagel-flavored butter spread called Land O Lakes® Every Little Thing™ Butter Spread. This butter spread will be available globally exclusively in Aldi stores.

Sugar-free cookies market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period (2023–2030). The market's growth is attributed to factors such as increasing rates of obesity and diabetes. Cookies prepared with whole grains, oats, and those that are high in fiber are the healthiest option for obesity and diabetes. Additionally, cookies produced with organic sugar substitutes such as Stevia, Monk Fruit, and even artificial sweetener substances such as Sucralose are suitable options.

Brown rice market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period (2023–2030). The market's growth is attributed to factor include brown rice improved heart health and is one of the most nutritious parts of the grain. They are high in fibre, vitamins, minerals, and antioxidants. A wide range of nutrients are available in brown rice, such as calcium, iron, phosphorus, selenium, vitamin B1 (thiamine), and vitamin B6 (pyridoxine), that keeps the heart healthy. 

Nootropics market is anticipated to grow at a CAGR of 14.1% during the forecast period (2023-2030). The increasing demand for brain boosters and smart drugs is a key factor driving the growth of the global nootropics market. A large number of students and professionals consume these smart drugs to improve focus and memory. Continuous product development using both synthetic and natural raw materials is anticipated to fuel the product demand. 

Cold-pressed canola oil market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period. Cold-pressed canola oil is a type of vegetable oil that is extracted from the seeds of the canola plant through a process known as cold pressing. In this process, the canola seeds are mechanically crushed and pressed to extract the oil without the use of heat or chemicals. Cold-pressed canola oil is a healthier option compared to oils that are extracted using chemical solvents or high-heat processes, as these methods can alter the oil's flavor, texture, and nutritional content.

In-flight catering market size was valued at $17.5 billion in 2022, and is projected to reach $26.2 billion by 2030, registering a CAGR of 5.9% during the forecast period (2023-2030). In recent years, an exponential increase in the number of people traveling by air has been predicted to be the key driver of the in-flight food service industry's expansion. Despite weaker economic development in certain nations, the number of domestic and international air passengers has grown, increasing market growth.

Dry yeast market size was valued at $4.5 billion in 2022, and is projected to reach $7.3 billion by 2030, registering a CAGR of 7.1% during the forecast period (2023-2030). Animal owners are becoming very conscious of the animal food they buy and the nutritional benefits it provides. Nutrition is a significant factor in recent times, and sales of goods that do not meet customer standards are also adversely influenced by the same. 

Kids food and beverages market size was valued at $134.6 billion in 2022, and is projected to reach $213.9 billion by 2030, registering a CAGR of 6.0% during the forecast period (2023-2030). The primary factor propelling the growth of the global market for kids' food and beverages is the rise in family income globally. Likewise, engaging commercials that target specific age groups and cross-cultural impact through digital media have helped in market expansion. 

Hams market is anticipated to grow at a considerable CAGR of 4.4% during the forecast period. The rising health awareness along with the rising consumption of ready-to-cook and ready-to-eat meals among the population is the major factor adding to the growth of the hams market. Ham is a cut of pork that’s cured and preserved. It is rich in protein and low in carbs, fat, and fiber. It is also low in calories when eaten alone. 

Squalene market is anticipated to grow at a considerable CAGR of 9.1% during the forecast period. According to UN trade and development experts UNCTAD, the e-commerce sector saw a prominent rise in its share of all retail sales, from 16% to 19% in 2020-2021. Thus, the growth of the squalene market is attributed to factors such as the proliferation of squalene-based products due to the rapid expansion of e-commerce industries across the region.

Food safety testing market is anticipated to grow at a CAGR of 7.9% during the forecast period. The growing occurrences of food-borne diseases that have forced to implementation of stringent food safety regulations across the globe are the major factor for the growth of the market. According to information from the Centers for Disease Control and Prevention (CDC), every year 48 million people in the US get sick, 128,000 are hospitalized, and 3,000 mortalities are caused due to foodborne diseases.

Cultured meat market is anticipated to grow at a considerable CAGR of 17.9% during the forecast period. The major factor driving the demand for cultured meat includes the rising consumption of meat coupled with the increasing demand for nutritional meat. Further, the growing funding for companies producing cultured meat and government initiatives to promote sustainable and nutritional food are some of the factors anticipated to fuel the demand for market growth.

Functional food and beverages market is anticipated to grow at a CAGR of 9.8% during the forecast period. Functional food and beverages have a positive impact on health, beyond their basic nutritional value. The benefits associated with functional foods and beverages such as protection from disease-preventing nutrient deficiencies, and others are driving the market growth. 

Hard tea market is anticipated to grow at a significant CAGR of 23.2% during the forecast period. The growing awareness towards low content alcoholic beverages among people is driving the demand for hard teas across the globe during the forecast period. A Hard Tea is a, tea-based water with any flavour of choice with low alcohol content and no-to-low sugar with very less calories. 

Pregelatinized starch market is anticipated to grow at a CAGR of 15.10% during the forecast period. Pregelatinized starches have a binding property and are added to food products for improving their texture of it by binding the ingredients together along with thickening. Increasing demand for baked food products is expected to increase the demand for pregelatinized starches which helps improve the juiciness and texture of different baked and confectionery products like donuts, pastries, cakes, cookies, candies, and others.

Sugar-free syrups market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The rising prevalence of diabetes, obesity and cardiac diseases due to the high consumption of sugar-based products is likely to come up as a prospective driver for the growth of the global sugar-free syrups market. According to International Diabetes Federation, 537 million adults are living with diabetes and this number is further predicted to rise to 643 million by 2030 and 783 million by 2045. 

Food certification market is anticipated to grow at a CAGR of 5.1% during the forecast period. Unsafe food containing harmful bacteria can cause more than 200 diseases. Foodborne diseases encompass a wide range of illnesses from diarrhea to cancers. The growing prevalence of foodborne diseases across the globe is expected to provide a lucrative growth opportunity to the market during the forecast period. Many foodborne diseases may lead to long-lasting disability and death.

Food diagnostics market is anticipated to grow at a CAGR of 13.2% during the forecast period. The consumption of contaminated foods or beverages causes foodborne illness. Many different disease-causing microbes or pathogens can contaminate foods. Most foodborne diseases are infections caused by a variety of bacteria, viruses, and parasites. The increasing cases of food borne illness is rising demand for the food testing and quality check which in turn is driving the growth of the food diagnostics market during the forecast period.

Ketogenic diet market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. Various beneficial factors of ketogenic diet are expected to open several new opportunities for the market and are anticipated to drive its demand during the forecast period. It offers numerous advantages such as weight loss, reduce appetite, improve heart health, and improve cholesterol, blood pressure, and blood sugar. 

Palm-based tocotrienol market is anticipated to exhibit a significant CAGR of 7.2% during the forecast period (2022-2028). Palm oil is a natural source of beta-carotene and tocotrienols (vitamin E). Researchers from Malaysia and Libya had found that tocotrienol-rich fractions extracted from palm oil can potentially be used to improve liver health. The increasing awareness among consumers related to the benefits of palm-based tocotrienol is a key factor driving the growth of the global palm-based tocotrienol market.

Tofu market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The major factor attributed to the growing demand for tofu is its predominant usage as a high protein source and vegetarian alternative to meat and dairy products. Due to its lack of cholesterol, tofu is considered an excellent source of calcium and iron. The rising prevalence of obesity, high blood sugar, and heart disease linked to animal protein consumption is compelling people to alter their dietary habits.

Food hydrocolloids market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. One of the key factors fueling the market growth includes the rising demand for processed and convenience food products across the globe. Hydrocolloids provide a major opportunity for tailoring nutritional value and offer potential health benefits via control of gastric emptying and ileal brake mechanisms (potentially and satiety obesity), plasma cholesterol levels (cardiovascular disease), glycemic response (diabetes), and carbohydrate fermentation throughout the large intestine (colon cancer). 

Desiccated coconut powder market is anticipated to grow at a CAGR of 7.5% during the forecast period. The increase in cumulative income and shift in the preference of consumers towards organic and natural dietary products that are rich in minerals and measured as low cholesterol are the primary factors responsible for the market growth. Considering the demand for processed food ingredients, desiccated coconut powder is consumed as a supreme product in various food ingredients such as cakes, juices, and confectionery. 

Almond oil market is anticipated to grow at a CAGR of 12.5% during the forecast period. Almond oil is comprised of around 78% oleic acid, up to 17% linoleic acid, and up to 5% palmitic acid. Almond oil is full of vitamin E, and it’s a great source of magnesium, phosphorus, and copper. Antioxidant-rich oil is known for its free-radical fighting abilities. It’s also anti-inflammatory and boosts immunity. Containing omega-3 fatty acids, almond oil might support maintaining healthy cholesterol levels and improve memory.

Digestive health drinks and food market is anticipated to grow at a CAGR of 7.4% during the forecast period. The increasing awareness among consumers about the health benefits and convenience associated with the consumption of digestive health drinks and food are some key factors influencing its popularity among consumers and manufacturers. Digestive health drinks and food promote the growth of gastrointestinal microflora which eases the digestion process along with support in treating various digestive disorders. 

Vegan protein bars market is anticipated to grow at a CAGR of 11.2% during the forecast period. The consumer inclination toward plant-based food products owing to the increase in food allergies is one of the major factors driving the demand for vegan protein bars. As per the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of allergy. Food allergies are estimated to affect 4% – 6% of children and 4% of adults. Symptoms of an allergic reaction may involve the skin, the gastrointestinal tract, the cardiovascular system, and the respiratory tract. 

Vegan chocolate market is anticipated to grow at a significant CAGR of 12.6% during the forecast period. Vegan chocolates are a healthier alternative to regular chocolate. People are consuming healthy vegan products daily and the demand for vegan chocolates increases during the forecast period which led to the growth of the vegan chocolate market across the globe. People prefer cruelty-free food products. For instance, in March 2021, MilkinOats launched vegan milk chocolate bars made with their high-fiber dairy alternative.

Instant beverage premix market is anticipated to grow at a CAGR of 6.3% during the forecast period. The rapidly increasing working population coupled with the growing demand for healthy beverages are some key factors driving the growth of the market. The fast-paced life and hectic lifestyle of consumers encourage the adoption of instant beverage premixes as they offer convenience, save time and simultaneously support boosting the body’s metabolism. Increasing demand for instant beverage premix from corporate consumers owing to the high consumption rate of instant coffees is further boosting the growth of the market.

Vegan dessert market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. Vegans do not consume meat, eggs, dairy products, or any other animal-derived substances. People are increasingly shifting toward an animal-free diet due to which the demand for vegan products has increased further leading to the growth of the vegan dessert industry. Moreover, consumers having dietary concerns, such as allergies to eggs, lactose intolerance, and high cholesterol level consume a vegan diet due to which several companies, restaurants, and cafes are inclined toward adding vegan desserts to their menus.

Sugar-free carbonated drinks market is anticipated to grow at a significant CAGR of 7.4% during the forecast period. Sugar-free carbonated drinks are low-calorie drinks with added natural or artificial flavors, coloring, preservatives, and other ingredients. The high consumption of sugar in regular drinks may lead to obesity due to which many other diseases may occur. The rising cases of obesity among people are increasing the adoption of sugar-free carbonated drinks which led to the growth of the market. For instance, according to the Centers for Disease Control and Prevention (CDC), US obesity prevalence increased from 30.5% to 41.9%. 

Plant-based sausage market is anticipated to grow at a significant CAGR of 15.4% during the forecast period. Plant-based sausages are nutritious and produced from various sources such as soy, tofu, pea, wheat, and beans among others. All these sources are rich in proteins, minerals, and essential nutrients. Health-conscious people are consuming plant-based sausage in their daily diet as it is a gluten-free, and rich energy source. The demand for plant-based sausages increases as they are highly nutritious and a healthier alternative to meat.

Tea polyphenols market is anticipated to grow at a CAGR of 8.0% during the forecast period. Polyphenols are plant compounds that offer various health benefits, taste, flavor, and others. Tea polyphenols support the prevention of the occurrence of several diseases. Tea polyphenols are generally found in green tea, oolong tea, and black tea, act as antioxidants and support the prevention of neurodegenerative diseases such as Alzheimer’s, and Parkinson’s. Green tea contains high levels of polyphenolic content such as catechins and flavanols.

Pectin market is expected to grow at a significant CAGR of 6.2% during the forecast period. Pectin is a fiber found in fruits. It is often used as a thickener in cooking and baking and is derived from apple and citrus peels. It is also sometimes used to make medicine. People use pectin for high cholesterol, high triglycerides, heartburn, and many other conditions. It has diverse applications across industries, such as cosmetics, food and beverages, and pharmaceuticals, which have contributed to the growth of the market. The increased demand for pectin in fruit juice is driving the global pectin market as pectin supports the destabilization of juices and improves the texture. 

Plant-based snacks market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period. Increasing health consciousness among consumers and increased awareness about health problems are the major factors contributing to the growth of the plant-based snacks market. Health-conscious living has surged the requirement to find nature-based sustainable, preservatives, and chemical-free health foods products. The nutritional benefits of plant-based snacks such as immune function, and reduced risk of several diseases have encouraged consumers to opt for such products.

Healthy biscuits market is anticipated to grow at a significant CAGR of 5.4% during the forecast period. The global healthy biscuits market witnessed growth due to a rising diabetic population during the forecast period. According to the American Diabetes Association (ADA), in 2019, 37.3 million Americans, or 11.3% of the population were diagnosed with diabetes. out of which, around 1.9 million Americans have type 1 diabetes, including about 244,000 children and adolescents. About 283,000 Americans under the age of 20 are estimated to have been diagnosed with diabetes, approximately 35% of that population. 

lactose-free products market is anticipated to grow at a CAGR of 6.8% during the forecast period. Lactose is a natural sugar found in milk and dairy products such as cheese and yogurt. After eating this sugar, a digestive enzyme called lactase supports to breaking down of lactose into two simple sugars, glucose and galactose for digestion. The rise n number of lactose-intolerant people across the globe is expected to accelerate the demand and market growth during the forecast period. Lactose intolerance is caused by the normally decreasing activity of the LCT gene, which means people may experience an increasing inability to digest lactose. 

meal kit delivery services market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. Increasing online penetration along with the rising number of working professionals are some of the major factors driving the growth of the market. Busy working professionals are inclining towards affordable, ready-to-eat, and personalized meals due to their convenience Additionally, growing online penetration has played a key role in the introduction of attractive, and user-friendly mobile applications which have in turn paved the way for meal kit delivery services across the globe. Consumers are increasingly looking for convenience and this trend is expected to fuel the demand for meal kits through online platforms. 

goat milk products market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period. Governments across the globe have taken initiative in offering financial incentives and subsidies to many marginal farmers and businesses to enter the commercial goat farming sector, which is considered to be the key driver of the market growth. For instance, since 2019, in association with the National bank of Agriculture and Rural Development (NABARD) and other local banks, the government of India provides many loan and subsidy which varies from 25% to 35% of the total cost of goats or goat project.

halal food and beverage market is expected to grow at a CAGR of 5.5% during the forecast period. Halal means lawful, permitted, or allowed in Islam defined by the Koran. These foods are prepared by following the teachings and laws of Islam. According to Islamic laws, halal foods are safe and do not contain unclean ingredients in it. The rising Muslim population across the globe is fuelling the market for halal food and beverage. There are around 30 countries with a Muslim population in which there are more than 92% of the people which follows Islam religion and there are around 50 countries where the majority of the population is Muslim. This, in turn, is resulting in an increasing demand for halal food and beverages.

The global lecithin market is anticipated to grow at a significant CAGR of 5.7% during the forecast period.  The rising occurrences of lifestyle-related disorders, such as cardiovascular diseases, illness, vision loss, and diabetes, have fueled the consumer requirement for nourishment enriches food ingredients, which include lecithin. Lecithin can be categorized as a yellow tarnish greasy substance present in the animal and plant tissues and is widely utilized for smoothing food, homogenizing fluid blends, and dissolving powders. 

The global coffee pods and capsules market is expected to grow at a CAGR of 6.5% during the forecast period. Coffee capsules and pods are pre-packaged, measured doses of coffee that, once used and must be disposed of after use. In recent years, the demand for coffee pods and capsules among homeowners has significantly increased owing to the rising convenience and ease involved in brewing coffee through pods and capsules. Owing to the increasing demand for coffee capsules and pods to experience true flavors of coffee at home, the market players are focusing on introducing convenient and easy-to-use single-serve brewers for individual use. 

The global moringa products market is anticipated to grow at a significant CAGR of 4.2% during the forecast period. The increasing usage of moringa in various industries is driving the growth of the global moringa market. Growing awareness regarding the medicinal benefits of moringa-based products among people is another factor driving the growth of the market globally. The utilization of moringa products is high in the pharmaceutical industry as medicine treats many diseases which contributes to the growth of the market. 

The global sugar-free confectionery market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. Changing food preferences among consumers due to increasing health consciousness is the major factor driving the growth of the sugar-free confectionery market. Consumers are becoming more aware of the benefits of maintaining oral health. The growing concerns over dental problems caused due to excess consumption of conventional sweets and candy are expected to force the buyers to incline toward alternative confectionery products such as sugar-free confectionery. 

The global tequila market is anticipated to grow at a significant CAGR of 6% during the forecast period. Tequila is a distilled alcoholic beverage derived from the Agave Tequilana plant. It's fermented with fake flavorings and additional carbohydrates like glucose and fructose. The amount of alcohol, flavor, and color of tequila varies depending on how long it has been aged. It helps in digestion by increasing probiotic levels, enhancing calcium and magnesium absorption, and encouraging the development of good bacteria in the intestines when used moderately. It is often used as a foundation component in cocktails and is quite popular among young people across the globe. 

The global canned wine market is anticipated to grow at a significant CAGR of 13.2% during the forecast period. Wine is considered a luxury alcoholic drink that comes in a glass bottle with different flavors, and colors such as red, rose, and white. Thus, the increase in the consumption of wine over the past decade has significantly raised the demand and growth of the global canned wine market. According to the Wine Institute, in 2021, the US population consumes around 1.1 billion wine gallons. Additionally, as per the same source, each resident has been estimated to consume around 3.18 gallons of total wine.

The global organic wine market is anticipated to grow at a significant CAGR of 10.4% during the forecast period. Growing demand for organic wine from retail and restaurant sectors across the globe is one of the major factors propelling market growth. In recent years, the consumption of organic wine is increasing at a rapid pace as consumers continue to sway toward organic products due to which, the organic wine market is expected to flourish. Due to its environmental benefits, health benefits, and high-quality status, it is gaining popularity among wine drinkers propelling its growth in retail and restaurants, hotels, and bars. 

The global sunflower oil market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. Sunflower oil is a flavorless and colorless oil produced from dried or soft sunflower kernels. Due to their high energy content, oilseeds have contributed to the increase in dietary energy intake in developing countries over the past few decades, which in turn has directly increased the trade activities of sunflower oil. According to the Observatory of Economic Complexity (OEC), in 2020, sunflower seed, or safflower crude oil was ranked 329th as the most traded product, with a total trade value of $9.02B. Additionally, the exports of sunflower seed or safflower crude oil grew by 14.5%, from $7.9 billion to $9.0 billion.

The global algae products market is anticipated to grow at a significant CAGR of 5.8% during the forecast period.  Microalgae is the production of bioactive compounds with potential benefits for human health. The major products derived from algae are Omega 3 polyunsaturated fatty acids (PUFA), ?-Carotene, Astaxanthin, Carotenoids, and others. PUFA is important for body metabolism in humans. Chlorophyte and Bryophyta algae are used for the extraction of these healthy and essential fatty acids. The fatty acid content in algae makes it a well-known bioactive compound that is very useful in the pharmaceutical industry.

The global food antioxidants market is anticipated to grow at a significant CAGR of 5.8% during the forecast period. Processed foods are ready-to-eat or ready-to-heat industrial formulations made mainly with ingredients refined or extracted from foods and containing additives. The increasing consumption of processed food across the globe is the primary factor propelling the growth of the food antioxidants market during the forecast period. Furthermore, in various emerging economies such as India and others, rapidly rising urbanization is positively linked to increased adaptation to western foods in many developing societies.

Coconut oil market is anticipated to grow at a significant CAGR of 7.1% during the forecast period (2024-2031). The coconut oil market growth is attributed to the increasing importance of its medicinal and nutraceutical properties contributing to human health, nutrition, and wellness. With the new development in the health sector with skin and hair treatment benefits, the CNO and VCO demand personal care applications. Additionally, there is enormous scope for value addition for every part of the coconut and coconut palm in various sectors such as food & beverages, dairy sector, health and beauty (nutraceutical and cosmeceutical products), art and handicrafts, and others. According to the International Coconut Community, the global production of coconut oil is forecasted to be over 240 thousand tons in 2023. Coconut oil prices are projected to be at $1,060/MT.

The global selenium yeast market is anticipated to grow at a significant CAGR of 3.2% during the forecast period (2021-2028). The growing consumer awareness enhances the manufacturers to prefer selenium yeast feed grades in the food supplements, to offer balanced nutrition. In addition, owing to rising concern towards animal wellbeing, and increasing prevalence of various chronic diseases in the human, which forces them to consume selenium yeast enriched nutritional food is further expected to drive the market growth. . Selenium constituent of more than two dozen selenoproteins which plays a critical role in reproduction, thyroid hormone metabolism, DNA synthesis, and helps in preventing form oxidative damage and infection. Moreover, people suffering from systemic inflammatory response syndrome(SIRS) are associated with high mortality rates, as the patients are prone to oxidative stress, and consuming selenium yeasts enriched nutrients food improves the outcome of critically ill patients in intensive care units.  

Cheese market is anticipated to grow at a significant CAGR of 7.0% during the forecast period (2024-2031). The market growth is attributed to shifting consumer preferences and desires for unusual and different flavors in food products, and an increase in the demand for plant-based cheese products. The introduction of novel and distinctive cheese varieties, and the internationalization of culinary trends further aid the market growth. According to the Agricultural Marketing Resource Center, in May 2024, the European Union was the major producer of cheese in the international market. European countries have produced on average around 13.7 billion pounds of cheese every year.

Natural food colors and flavors market is anticipated to grow at a CAGR of 6.1% during the forecast period (2024-2031). Natural food color and flavor products are made from naturally sourced additives or ingredients. These ingredients are extracted from fruits, vegetables, spices, and other natural sources, providing an alternative to synthetic additives. The market growth is driven by rising consumer consciousness for sustainable products, shifting preference towards clean labels, a growing trend for natural or organic diets, and an expansion in product demand from emerging regions.

The global prepared food equipment market is anticipated to grow at a significant CAGR of 6.1% during the forecast period. During the COVID-19 pandemic, the processing segment has been disrupted by labor shortages and shutdowns. According to OECD, in confined spaces such as packing plants for fruits and vegetables or meat processing facilities, necessary social distancing measures reduced the efficiency of operations due to the need of ensuring adequate protection for employees. Many firms have also reported high rates of worker absences which had hampered the growth of the market over the forecast. 

The global processed seafood market is anticipated to grow at a significant CAGR of 3.9% during the forecast period. The beneficial properties of processed seafood attract consumers and increase the consumption of seafood. Processed seafood contains vitamin B12, phosphorus, magnesium, potassium, and others, which are also medically recommended and beneficial to keeping low cholesterol levels and fighting cancer and tumour growth. The benefits associated with the consumption of processed seafood such as it lowers hearth attacks, boost brain health, help in prevent and treat depression and others, drives the growth of the processed seafood market globally. 

The global protein bars market is anticipated to grow at a significant CAGR of around 6% during the forecast period. The market growth is driven by the increasing consumer inclination towards ready-to-eat food products such as protein bars which helps in maintaining overall health and wellness. The benefits offered by protein bars such as it helps in weight management, improving muscle mass, and increasing energy drives their demand among athlete and fitnessfreaksPeople globally used healthy/ protein bars as a way to get essential nutrients and support home exercise routines as they prioritized staying well. 

The global processed mango products market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. Mangoes are processed into food products such as chutney, pickles, curries, dehydrated products, puree, canned and frozen slices, juices, and other products. People are highly consuming mango and processed mango products which is expected to boost the growth of processed mango products market. In addition, the increasing health consiouseness amog consumers and rising disposable income which in turn has surged the spending on proceesed foods made with natural ingredients, by consumers are the prominent factors boosting the market growth. 

The global rice syrup market is anticipated to grow at a significant CAGR of 4.4% during the forecast period. Rice syrup is used as a sugar alternative in beverages, desserts, and dairy products. Brown rice syrups are most demanded by the consumers due to their health benefits and light sweet tasting. The brown rice syrup is a natural sweetener made from rice of Oryza Sativa (Asian Rice) origin, which is allergen-free. Brown rice syrup is also known as rice malt syrup. The increasing demand for plant-based sweeteners with natural components such as rice syrup among health-conscious consumers is the key factors surging its demand leading to market growth.

The global fruit pulp market is anticipated to grow at a significant CAGR of 5.8% during the forecast period. People are more attracted towards the products made from fruit pulp. The increasing awareness and health consciousness among consumers, an individual prefer to purchase the products made with natural and organic raw material instead of chemicals. Moreover, fruit pulps provides the taste same as natural fruits and can be stored for longer period of time, which in turn they are gaining popularity among consumer and are widely used by food-producing companies. With increasing consumer inclination towards healthy eating habits, companies operating in the market are coming up with new product launches based on consumer's preferences and demands. 

The global bone broth protein market is anticipated to grow at a significant CAGR of 5.8% during the forecast period. Bone broth protein is a dietary supplement made by animals' bones and ligaments like chicken, beef, and fish to form a broth. Across the globe, the demand for nutritional supplements along with health benefits is increasing with steady growth. Owing to the increasing consumer awareness regarding the various health benefits associated with bone broth protein such as weight loss, appetite suppression, reduced joint pain, decreased skin aging, enhanced gut health and others are further creating their demand among health enthusiasts. 

The global poultry probiotics ingredients market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. A poultry probiotic is referred to as a direct-fed microbial, a culture of a single bacterial strain, or a mixture of different strains, that can be fed to an animal to improve its health.  The poultry probiotics can help in preventing pathogen colonization of the gut and reduce the incidence or relieve the signs and symptoms of numerous diseases.  Moreover, lactobacillus, Bifidobacterium, are among the most commonly used probiotics microorganisms in human nutrition, whereas yeast plays a major role in ruminants, and bacillus and lactobacillus are more likely to be efficient in pigs and poultry.

The global cereal ingredient market is anticipated to grow at a significant CAGR of around 4.9% during the forecast period. The growing demand for organic food drives the global cereal ingredient market. The cereal ingredients are becoming oraganic due to which it attracts the new customers that value the  commencing of the day with nutritious meal. Further, people have started consuming cereal snacks at any time of the day in place of a bag of chips.  This is due to increasing health concern owing to which  Limagrain Ingredients constantly adopts the Presco Organic range with different forms and densities from whole grains to flakes. Though there are various health benefits of cereal ingredients but availability of substitutes of cereal ingrdients is one of the restraining factor in the growth of cereal ingredients market. 

The global pulse protein market is anticipated to grow at a significant CAGR of around 4.5% during the forecast period. Increasing demand for clean-label and gluten-free food products among health-conscious consumers globally is augmenting the pulse protein market. The customers demand food products that are processed without any additives and should be protein-rich.In addition, rising awareness among consumers about plant-based proteins along with their increased applications in food product development as pulse protein offers improved flavor & mouth feel and digestive ease is, are positively helping in the growth of the market. 

The global soybean derivatives market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. The rising demand among people for high protein food is driving the soybean derivatives market. People prefer to include high protein food such as soy milk, soy chunks, soy nuts, and many more in their daily diet owing to its benefits, this is motivating manufacturers to come up with new products made up of soybean derivatives. For instance, in February 2022, Benson Hill, Inc. launched TruVail, a new line of non-GMO plant-based protein ingredients. The TruVail offers high protein soy flour, a less processed equivalent to soy protein concentrate (SPC), and texturized proteins for application in traditional soy protein.

The global beauty drinks market is anticipated to grow at a significant CAGR of 11.1% during the forecast period. Beauty drinks are a new concept, among a growing trend for 'Nutri-cosmetics' – foods, drinks, and supplements that provide beauty benefits. The companies are providing collagen-based powerful beauty drinks which help consumers to look more beautiful, thereby increasing demand for beauty drinks over the forecast. According to Doubletree Beauty drinks contain specific combinations of collagen, powerful and concentrated plant extracts, super-foods, and nutrients to improve the condition and appearance of consumers’ skin, thus making consumers more beautiful!

The global collagen protein market is anticipated to grow at a considerable CAGR of 5.4%. Collagen is an abundant protein found in the body. It is used by the human body to build connective tissues. It is mostly found in the human body in parts like bone, muscle, skin, and cartilage. It is a fibre-like structure that helps in connecting tissues with one another. It makes body tissues that are connecting each other stronger so that they are able to tolerate stretch in the human body. In these foods, collagen is found in its natural form. Collagen is a necessary protein that helps the human body to be stronger about muscles, joints, and overall body structure. 

The global market for nutricosmetics is projected to have a considerable CAGR of around 8.1% during the forecast period. Nutricosmetics are nutritional additives used to care for skin, nails, and hair natural beauty. They are obtained through the blend of nutrition and cosmetics that supports rejuvenation and protection. The global beauty industry continues to grow and it’s not only topical products that are in high demand. A stroll down the beauty aisle of any retail store reveals that beauty is more than skin deep, as consumers increasingly adopt skingestibles for their beautification routine.

The global organic spice market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The rising awareness among consumers about a healthy diet is expected to drive the organic spice market. Organic spices assist in fighting various diseases and contribute towards a better lifestyle. Organic spices add more nutrients than non-organic ingredients. 

The global organic spice market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The rising awareness among consumers about a healthy diet is expected to drive the organic spice market. Organic spices assist in fighting various diseases and contribute towards a better lifestyle. Organic spices add more nutrients than non-organic ingredients. 

The global fibers and specialty carbohydrates market is anticipated to grow at a considerable CAGR of 7.8 % during the forecast period. Fiber is a type of carbohydrate that humans can’t easily digest. Fiber and carbohydrates play a vital role in health management, which is required to maintain a balanced digestive system, regulate sugar levels in the blood, and lower the level of cholesterol in the body. These are primarily used for treating malnourished people, problems related to stomach and cardiovascular. Fibers and specialty carbohydrates are largely used in the nutraceutical medicinal and cosmetic industry. 

The global energy gum market is anticipated to grow at a significant CAGR of around 7.5% during the forecast period. Increasing demand for energy supplements among millennial toward health & fitness supplements products have propelled the energy gum market to grow. Millennials currently are focusing on benefits among the use of natural ingredients and increase in awareness for the products. Energy gum is an effective way that offers instant energy to boost mental alertness and reduces the symptoms of sleep deprivation and fatigue. For instance, in May 2020, NOW Sports launched MCT oil and whey protein concentrate, that provides a keto-friendly source of protein that provides energy quickly due to its fast absorption.

The global antioxidants market is anticipated to grow at a significant CAGR of around 5.5% during the forecast period. In Food and beverage industry antioxidants are gaining momentum and are currently an important additive. The rapid increase in consumer awareness about several benefits of the additive in preventing chronic diseases such as diabetes has utilized additive. Growing demand and consumption of processed foods, that contain antioxidant compounds are propelling the market growth. 

The global market for stevia market is projected to have a considerable CAGR of around 9.4% during the forecast period. The growing awareness of stevia's health advantages is primarily driving the global stevia market. As stevia is 200-350 times sweeter than sugar and has low-calorie content, it is employed by a number of food and beverage industries. Stevia has its unique taste that enhances the taste of foods in which it is used. Stevia offers several advantages such as sugar preplacement, flavor enhancement, sweetness, reduction in calories, color, and texture. 

The global market for citric acid is projected to have a considerable CAGR of around 4.5% during the forecast period. Citric acid is a weak and highly soluble organic acid found mostly in citrus fruits such as lemons. It is a natural preservative due to its ability to inhibit bacterial growth in foods. Citric acid is most commonly used as a chelating, a flavouring, and an acidifying agent. Citric acid's market continues to expand, owing to the ingredient's growing use as a preservative, acidulant, binding and buffering agent, an antioxidant in both food and non-food applications.

The global food thickeners agents market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period. Food thickeners act like a food modifying agents, which are used to modify the texture and structure of food and beverages. The consumers used most widely food thickeners such as- starches, followed by hydrocolloids, and proteins. This thickener is used to increase the thickness of food and beverages.

The global collagen peptides market is expected to grow at a significant CAGR during the forecast period (2021-2027). Collagen peptide sales have been driven globally by rising demand in key areas such as dietary supplements, nutritional bars, drinks, and aesthetic goods. 

The global powdered soft drink market is anticipated to grow at a substantial CAGR of around 2.8% during the forecast period. The consumption of soft drink is continued to dwindle in the past few years with the rising consumer demand for healthy and nourishment soft drinks which is being prepared with low or no-sugar, natural clean label, and which has the quality of durability.

The global ready to drink tea market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. Increasing introduction of new flavours and innovations at ingredient levels in RTD tea are found to be very appealing to consumers who crave for a variety of drinks.

The global flavored syrups market is anticipated to grow at a CAGR of 4.8% during the forecast period. Flavored syrups market is expected to grow during forecast period, due to increase in demand for many different flavors in food products to enhace the taste. 

The global cyclodextrin market is anticipated to grow at a significant CAGR of around 4.9% during the forecast period. The growing use of cyclodextrin in pharmaceutical industry is propelling  the market growth. 

The global edible salt market is anticipated to grow at a CAGR of 4.0% during the forecast period. An increase in demand for seasoned edible salt is one of the prime factors affecting and driving the market. 

The global canned meat market is anticipated to grow at a significant CAGR of 3.6% during the forecast period. Increasing preference for processed food is expected to fuel the product demand over the forecast period. 

The global vegetable oil market is growing at a considerable CAGR of 6.0% during the forecast period. Increasing use in making biofuels, rising per capita income in emerging countries are two of the prime factors affecting and driving the market.

The global packaged salad market is growing at a considerable CAGR of 7.0% during the forecast period. Emphasis given towards weight management, rising varieties of vegetables and fruits offered through packed salad is two of the prime factors impacting the market. 

The global carob market is anticipated to grow at a significant CAGR of 6.5% during the forecast period. The primary factors contributing to the growth of the market include rising health awareness among consumers. People are getting conscious towards the consumption of healthy food that is booming the demand for better food alternatives.

The global vegan chicken nuggets market is anticipated to grow at a significant CAGR of 12.5% during the forecast period. People are more aware and concerned about their health and due to increasing awareness about health concern there is decrease in consumption of non-vegetarian food items and people are switching to vegan plant-based products.

The global reishi mushroom supplements market is expected to grow at a significant CAGR during the forecast period (2021-2027). Reishi mushrooms are microscopic fungus that has been used for their health benefits. Extracts in the form of capsules, powder, liquid, and other forms are employed. 

The global flavor carriers market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Flavor carriers are either the natural or the artificially derived solvents used for extracts and flavors. The ever-growing food and beverages industry is considered to be the primary driver of market growth. 

The global food glazing agent market is anticipated to grow at a CAGR of 8.0% during the forecast period. The shifting consumption habits of consumers towards processed, ready-to-eat, packed food is expected to drive the market of food glazing agents. 

The global citrus fruit coating market is anticipated to grow at a significant CAGR during the forecast period 2021-2027. Citrus fruit coating is the process of covering fruits with waxes and shellacs. This coating provides highly-attractive, durable, and protective application for fruits without jeopardizing their health of fruits. 

The global wheat flour market is projected to grow at a CAGR of around 2% during the forecast period. The primary factor driving the market is the increasing popularity of wheat flour and the rising importance of an active and healthy lifestyle. Further, the growing awareness regarding the health benefits provided by wheat flour is another major factor propelling the growth of the market. 

The global almond ingredients market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Almonds have low calories and cholesterol and are rich in fiber, protein, and vitamin E. Consuming almonds improves immunity, regulates blood sugar levels, maintains blood pressure, and improves mental health. 

The global non-alcoholic beverage market is anticipated to grow at a significant CAGR during the forecast period. The key factors driving the growth of the global non-alcoholic beverage market include the rising disposable income and growing health-related concerns towards alcoholic beverages. 

The global gluten-free foods and beverages market is estimated to grow at a significant CAGR during the forecast period. The increasing shift of athletes towards gluten-free products and the growing prevalence of celiac disease will drive the growth of the global gluten-free food and beverages market. 

The global fortified wine market is expected to grow at a significant CAGR during the forecast period. Rising disposable income globally and growing demand for high-quality premium alcoholic beverages are driving the growth of the global fortified wine market. 

The global food colorants market is estimated to grow at a significant CAGR during the forecast period.  The key factors propelling the growth of the global food colorants market include the rising demand for natural food colorants owing to growth in the food and beverage industry. 

Black pepper, also known as black peppercorn, is commonly used as a pungent and hot- tasting powder spice. These dried berries are obtained from vine piper nigrum and further go through various processes such as cooking, cleaning, and drying which results in the form of blackpepper oils, spirit and spice. 

The global functional bar market is estimated to grow at a CAGR of nearly 3.9% during the forecast period. Functional bars are convenient on-the-go snacks that contain a high proportion of proteins to carbohydrates/fats. 

The North American champagne market is anticipated to grow at a substantial CAGR of 5.8% during the forecast period. As per the data released by World Economic Forum in 2018, North America holds 23.9% of the global economy. Thus, it makes the population of the region easily purchase such premium products. 

The European champagne market is anticipated to grow at a substantial CAGR of 5.6% during the forecast period. The increasing number of bars and lounges in Europe is giving considerable growth to the European champagne market.

The Asia-Pacific champagne market is anticipated to grow at a substantial CAGR of 6.7% during the forecast period (2021-2027). The rising urbanization and increasing number of bars and restaurants with it will drive the champagne market in the region.

Champagne market is anticipated to grow at a significant CAGR of 6.5% during the forecast period (2022-2028). Champagne or sparkling wine is an alcoholic drink prepared with the fermentation of special types of grapes. The increasing adoption of alcoholic drinks in the current lifestyle, raising brand awareness, increasing disposable income, and evolution of champagnes with various cocktails and food dishes are the major driving factors for the market growth.

The Global Dairy Herd Management Market is estimated to grow at a CAGR of 7.6% during the forecast period. Dairy herd management is critical for dairy farms that want to sustain high productivity over time. 

The global microencapsulated food ingredient market is anticipated to grow at a high CAGR of 9.1% during the forecast period. The major factors for the growth of the market includethe increasing need for tackling  the malnutrition problem across the globe, along with the increasing need for functional food products among people, as they are becoming more health conscious. 

The global smart food logistics market is expected to grow at a significant CAGR during the forecast period. The rapid rise in the prevalence of e-retail in the food and retail sector is driving the expansion of the global smart food logistics market. 

The global lactose-free butter market is anticipated to grow at a significant CAGR during the forecast period. Lactose-free butter and dairy products are becoming increasingly popular as a result of difficulties such as intolerances and allergies. 

The global flavoured soy milk market is anticipated to grow at a significant CAGR during the forecast period. During the forecast period, rising awareness of the health benefits associated with soy milk consumption is likely to increase demand. 

The global flavoured maple water market is expected to grow at a significant CAGR during the forecast period. Maple water is the transparent liquid that flows from maple trees in the early spring for a shorter amount of time, as sap maple water is highly popular. 

The global compound feed and the additive market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing consumption of animal-based food and the growing urban population that will fuel the growth of the market during the forecast period. 

The global walnut milk for children market is expected to grow at a significant CAGR during the forecast period. Walnuts have essential minerals such as potassium, zinc, folate, magnesium, calcium, and others, all of which are necessary for a baby's healthy growth. 

The global organic textured soy protein market is expected to grow at a significant CAGR during the forecast period. Soy protein is the cheapest vegan form of dietary protein and has been categorized as a complete protein due to the availability of all necessary amino acids. 

The global organic mushroom extract market is expected to grow at a significant CAGR during the forecast period. The growing demand for organic mushroom extract in the healthcare sector is driving the growth of the global organic mushroom extract market. 

The global synthetic beta carotene market is estimated to grow at a moderate CAGR during the forecast period. It has a variety of health, eye, and skin advantages. Beta-carotene, a plant pigment that gives orange, red, yellow, and other brilliant colours, has great antioxidant capabilities. 

The global nutritional drink market is estimated to grow at a significant CAGR during the forecast period. Nutritious drinks are non-alcoholic beverages that aid in the maintenance of one's health and provide the benefits of a balanced diet. 

The Global High Protein Meal Replacement Products Market is estimated to grow at a significant CAGR during the forecast period. Breakfast, lunch, or dinner can all be replaced with a meal replacement shake. They are often high in nutrients but low in calories compared to a meal. 

The global synthetic food antimicrobial market is expected to grow at a significant CAGR during the forecast period (2021-2027). Antimicrobial food additives can support to manage, prevent, and treat allergies and illnesses caused by bacteria. 

The global reduced fat non-salted butter market is expected to grow at a significant CAGR during the forecast period (2021-2027). Reduced-fat butter is made by lowering the fat content to 40% or less and has the same flavour and texture as conventional butter. 

The global polypropylene fresh food packaging market is expected to grow at a significant CAGR during the forecast period (2021-2027). Fresh food is packaged to protect it from the elements or physical harm. It also includes information on the components, the amount of nutritious food it contains, and advice for keeping the food fresh and in good condition. 

The Global Protein cookies Market is estimated to grow at a moderate CAGR during the forecast period. A protein cookie is a nutshell that contains a variety of critical vitamins and minerals and is a quick source of protein and energy. 

The global plant extracts market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period. The rising trends for vegan food products are driving the growth of the plant extracts market across the globe during the forecast period. Many key market players introduce plant-based products due to which the consumption of plant extracts increases. For instance, in February 2022, VegaBytz operated by Chennai-based Functional Foods Pvt. Ltd, will be launching its brand and products in India. The company is developing world-class and award-winning plant-based 100% vegan meat products, which are currently being sold in the UK market.

The global RTD Cocktail market is anticipated to grow at a CAGR of 12.2% during the forecast period (2021-2027). The factor that is augmenting the growth of the market includes the growing demand for low-alcohol contain flavored RTD cocktails among the population especially in the young generation globally. 

The North American market for CBD Gummies is projected to have a considerable CAGR of around 27.8% during the forecast period. The growing legalization of cannabis and CBD-associated products in countries such as the US is the major driving factor for the growth of the North American market. 

The European market for CBD Gummies is projected to have a considerable CAGR of around 27.4% during the forecast period. The adoption of CBD-infused products in industries such as pharmaceuticals, nutraceuticals, and medical applications is driving the growth of the CBD gummies market in Europe. 

The Asia-Pacific market for CBD Gummies is projected to have a considerable CAGR of around 28.8% during the forecast period. The increased awareness of CBD's gummies therapeutic benefits and cannabis legalization for medical and recreational purposes in the region are driving the growth of the CBD gummies market in the Asia-Pacific. 

The global cannabidiol (CBD) Gummies market is anticipated to grow at a CAGR of around 28.0% during the forecast period. The rising consumer awareness of the numerous benefits of CBD gummies in curing inflammation, stress management, relieving pain, and improving sleep quality, is accelerating the market growth. 

North American personalized nutrition market is anticipated to grow considerably at a CAGR of 8.4% during the forecast period (2021-2027). The high awareness of personalized nutrition among consumers is a key factor driving the growth of the North American personalized nutrition market. 

European personalized nutrition market is anticipated to grow considerably at a CAGR of 9.4% during the forecast period (2021-2027). The high awareness of personalized nutrition among consumers is a key factor driving the growth of the European personalized nutrition market. 

Asia-Pacific personalized nutrition market is anticipated to grow considerably at a CAGR of 13.2% during the forecast period (2021-2027). The rising awareness of personalized nutrition among consumers is a key factor driving the growth of the Asia-Pacific personalized nutrition market. 

The global personalized nutrition market is anticipated to grow at a significant CAGR of 10.1% during the forecast period (2021-2027). The global personalized nutrition market is driven by the growing awareness among population towards the health benefits of intake of personalized nutrition are key factors driving the growth of the global personalized nutrition market. 

The US fishmeal and fish oil market is estimated to grow at a substantial CAGR of 8.2% during the forecast period. US is the largest producer and consumer of fishmeal and fish oil in North America. The country has a healthy production base of fishmeal and fish oil. 

The North America fishmeal and fish oil market is estimated to grow at a substantial CAGR of 8.5% during the forecast period. Rising awareness concerning the benefits of fish oil, government support, and rising aquaculture industry are some of the primary factors driving the growth of the fishmeal and fish oil market in North America. 

The Europe fishmeal and fish oil market is anticipated to grow at a CAGR of 4.6% during the forecast period. In Europe, fish oil is largely used in both animal and human consumption applications. The rising health awareness among consumer leads to the use of fish oil, Omega-3 fatty acid in pharmaceutical and nutraceutical supplements. 

The Asia-Pacific fishmeal and fish oil market is anticipated to grow at a CAGR of 5.1% during the forecast period. The Asia-Pacific fishmeal and fish oil market is the largest owing to the abundance in production of these products. 

The fishmeal and fish oil market is projected to propagate at a solid CAGR of 5.8% during the forecast period (2021-2027). Fishmeal and fish oil are the protein-rich by-products of smaller forage fish or low trophic level species like anchovy, herring, and krill that gather in immense schools on coastlines and in the open ocean. 

The US meal replacement products market is anticipated to showcase moderate CAGR of 3.6% during the forecast period. The considerable presence of health-conscious population and high prevalence of obesity, diabetes, cardiovascular diseases among others is anticipated to make major contribution towards the high share of this country’s market. 

The North American meal replacement products market is anticipated to showcase moderate CAGR of 3.8% during the forecast period. Meal replacement products offers several advantages over traditional full meal. Low fat, and high nutritional are the key factors responsible for the high growth of the regional market. 

India meal replacement products market is anticipated to showcase significant CAGR of 15.8% during the forecast period. The changing lifestyles and increasing purchasing power of the consumers have been the major factors surging demand for meal replacement products, which is expected to increase at a brisk rate during the forecast period, compared to the last few years. 

Meal replacement products market is projected to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). Meal replacement products are enriched with nutrients and minerals, tend to have fewer calories than meals, and can help in cutting down on binge eating. 

European meal replacement products market is anticipated to showcase considerable CAGR of 4.7% during the forecast period. Meal replacement products offer several advantages over traditional full meal. 

Asia-Pacific meal replacement products market is anticipated to showcase significant CAGR if 10.0% during the forecast period. Meal replacement products offers several advantages over traditional full meal; they are easy to digest and offers high nutritional value. 

UK savory snacks market is estimated to grow at a considerable CAGR during the forecast period. A significant number of the working-age population is one of the major factors accelerating market growth. 

The US confectionery market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period. The growth of the market is attributed to the increasing product innovation by global as well as domestic players housed across the country. 

The North American confectionery market is anticipated to grow at a modest CAGR of 4.2% during the forecast period. The growth of the market is attributed to the presence of globally recognized confectionery manufactures and distributors including Mars Inc., Ferrero Group among others across the region. 

The Indian confectionery market is anticipated to grow at a CAGR 6.1% during the forecast period. The growth of the market is attributed to the increasing consumption of chocolates and other confectionery products over traditional Indian sweets. 

The European confectionery market is anticipated to grow at a CAGR of 3.8% during the forecast period. The growth of the market is mainly driven by high chocolate sales across the region. 

The Asia-Pacific confectionery market is anticipated to grow at a CAGR 5.0% during the forecast period. The growth of the market is attributed to the changing consumer preferences coupled with the increasing disposable income. 

The confectionery market is anticipated to grow at a significant CAGR of 4.3% during the forecast period. Confectionery or confection products include food items that are rich in sugar and carbohydrates. 

The US mouth freshener market is anticipated to grow at a CAGR of 5.1% during the forecast period. The growth of the market is mainly driven by the increasing adoption of mouth fresheners among young and adult consumers coupled with the rising awareness regarding oral hygiene. The high consumption of alcohol and tobacco is also driving the adoption of mouth fresheners thus aiding the growth of the market. 

The North American mouth freshener market is anticipated to grow at a CAGR of 5.2% during the forecast period. The growth of the market is mainly driven by the increased awareness regarding oral hygiene. The unhealthy eating habits of fast food coupled with the high consumption of alcohol and tobacco also aid in a number of oral problems.

The Indian mouth freshener market is anticipated to grow at a CAGR of 8.9% during the forecast period. The growth of the market is attributed to the expanding product offerings by the global market players. In addition to this, the rising local players such as the DC group in the mouth freshener segment across the country will also aid in the growth of the market. 

The European mouth freshener market is anticipated to grow at a CAGR of 4.5% during the forecast period. The growth of the market is attributed to the increasing adoption of mouth fresheners for oral hygiene. Hence, the adoption of mouth freshener in the liquid form is expected to be significantly high across the region as it promotes good oral hygiene. 

The Asia-Pacific mouth freshener market is anticipated to grow at a CAGR of 8.3% during the forecast period. The use of mouth fresheners provides instant fresh breath to the consumers. Hence, the potential consumer that is the young generation is significantly aiding to fuel the growth of the Asia-Pacific market. 

The mouth freshener market is anticipated to grow at a significant CAGR of 6.1% during the forecast period. Mouth fresheners are available in the market in various forms including candy, gum (breath strips) strips, and sprays. The mouth freshener upon sucking or chew releases a scent that aid in freshening the breath.

The European dairy snacks market is projected to grow at a modest CAGR of 4.4% during the forecast period (2020-2026). The key factor that drives the growth of the market includes the increasing trends of organic dairy snack products. Besides, as per the European Commission, the European Union is a substantial producer of milk and milk products.

The Asia-Pacific dairy snacks market is projected to grow at a CAGR of 6.0% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising disposable income in the emerging economies, novel launches of various flavored products by the key players, and the inclination of consumers towards organic products.

The global dairy snacks market is projected to grow at a CAGR of 4.8% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising demand for ready meals or on-the-go snacks along with a continuous change in consumer preferences. With an increase in urban working culture and fast-paced lifestyles, there is limited time available for cooking and meal preparation, owing to which processed foods such as ready-to-eat products have become popular, majorly in urban areas.

The UK dairy snacks market is projected to grow at a moderate CAGR during the forecast period (2020-2026). The key factor that drives the growth of the market includes the presence of a diverse range of farms and large herd sizes across the country. 

The North American dairy snacks market is projected to grow at a CAGR of 4.2% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for dairy-based snacks in the region. 

The US dairy snacks market is projected to grow at a CAGR of 4.1% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising health concerns of the people across the country. 

The US rice protein market is projected to grow at a CAGR of 5.7% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising demand for rice protein products due to the rapidly changing lifestyle, adoption of nutritional supplements owing to the lack of balanced dietary intake, and intensive research regarding the development of novel plant-protein-enriched products. 

The North American rice protein market is projected to grow at a CAGR of 5.8% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased awareness regarding the rice protein among the people and inclination towards the healthy eating habits of the people in the region. 

The European rice protein market is projected to grow at a CAGR of 6.0% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising use of rice protein in a wide range of end-use applications. 

The Asia-Pacific rice protein market is projected to grow at a CAGR of 7.7% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising shift towards the consumption of plant-based protein products across the region.

The global rice protein market is projected to grow at a CAGR of 6.4% during the forecast period (2020-2026). The key factors that drive the growth of the market includes the high health benefits offered by rice protein. 

The US organic baby food market is anticipated to grow at a CAGR of 11.2% during the forecast period. The US is the largest market for the organic baby food category. Organic brands are booming and are currently the main growth driver of the baby food niche. Consumers in the US are increasingly avoiding processed products and are inclined towards natural ingredients and desire greater transparency regarding sourcing and production. 

The North American organic baby food market is anticipated to grow at a CAGR of 11.0% during the forecast period. The growth in the organic baby food market in North America is owed to per capita disposable income, increasing agricultural price index, increasing urban population, and healthy eating index. 

The Indian organic baby food market is estimated to grow at a CAGR of 12.8% during the forecast period. Being the second most populated country in the world with a population of more than 1.3 billion, the demand for food is reasonably high. Urbanization is increasing at a rapid rate in the country, which is one of the primary growth factors of organic baby food in India. 

The European organic baby food market is anticipated to at a CAGR of 10.8% during the forecast period. Increasing focus on employments, change in retail structuration, development of private labels, increase in the number of shops and commercial sales areas have all contributed to the growth of the European organic baby food market. 

The Asia-Pacific organic baby food market is anticipated to at a CAGR of 12.6% during the forecast period. Increasing urbanization, disposable income, growing economy, among others are some of the primary factors that have contributed to remarkable growth in the Asia-Pacific organic baby food market in the last decade. 

The global organic baby food market is growing at a CAGR of 11.8% during the forecast period. The growth of the organic baby food market is attributed to growing concerns over artificial additives/ingredients in baby food along with the growing concern over children’s’ health. Additionally, with most members of a nuclear family working, the disposable income has increased significantly, which has contributed to the growth of the organic baby food market. 

The US sugar confectionery market is estimated to grow at a CAGR of 2.8% during the forecast period. Increasing launches of new confectionery products and increasing obese population in the country are some pivotal factors encouraging the growth of the market. As per the Centers for Disease Control and Prevention (CDC), the obesity prevalence rose from 30.5% to 42.4% from 1999–2000 to 2017–2018, and the prevalence of severe obesity grew from 4.7% to 9.2%.

North American sugar confectionery market is estimated to grow at a CAGR of 2.9% during the forecast period. Increasing demand for snack bars and increasing preference for new flavored confectionery products are some crucial factors encouraging market growth. There is an increasing trend towards new flavored confectionery products in the region. 

Indian sugar confectionery market is estimated to grow at a CAGR of 4.6% during the forecast period. The rising demand for premium chocolates is accelerating market growth. With the increasing disposable income and significant availability, the demand for new-flavored, premium chocolates has emerged significantly in the country. As a result, the market players are launching a new range of their premium chocolate brands to widen their consumer base in the country.

European sugar confectionery market is estimated to grow at a CAGR of 3.2% during the forecast period. Significant availability of the working-age population is one of the key factors driving market growth. As per the Organization for Economic Cooperation and Development (OECD), in 2018, the percentage of the working-age population (15-64) in the UK, Germany, France, Italy, and Sweden was 63.8%, 65.0%, 62.1%, 64.0%, and 62.4%, respectively. 

Asia-Pacific sugar confectionery market is estimated to grow at a CAGR of 4.3% during the forecast period. Increasing launches of new flavored and sugar-free confectionery products is one of the major factors leveraging market growth. For instance, in March 2020, Danone is expanding its yoghurt brand YoPro, an Australian firm into a completely new category, nut protein bars. It is an on-the-go snack range to fulfill the requirements of post-workout recovery.

The global sugar confectionery market is estimated to grow at a CAGR of 3.5% during the forecast period. Rising demand for snack bars and increasing launches of healthier confectionery products are some pivotal factors encouraging market growth. The significant presence of millennials has led to the increased adoption of snack bars as a healthier snack which supports busy lifestyles and offers a healthy dose of fiber and protein. 

The US vegan ice cream market is anticipated to grow at a CAGR of 8.2% during the forecast period. Along with enhancements in taste and texture, altering customer values have shaped a cohesive market for vegan ice cream in the US. Customers are increasingly concerned about factors such as health, sustainability, and social impact in making their food decisions, and nearly one-third of the US population is flexitarian. 

The UK vegan ice cream market is estimated to grow at a healthy CAGR of 7.0% during the forecast period. Improvements seen in this market in recent years have largely been the result of a growing vegan population, a strengthening economy, a rise in consumer purchasing power, as well as an increase in consumer confidence. 

The North America vegan ice cream market is estimated to grow at a CAGR of 8.0% during the forecast period. The market is expected to grow based on increasing obesity levels in both the US and Canada. Increasing issues concerning obesity have led Americans to go for plant-based/organic treats, even for desserts. The vegan ice cream sector has witnessed tremendous growth as they are increasingly made available in exotic flavors including caramel, chocolate, coconut, and more. 

The European vegan ice cream market is anticipated to at a CAGR of 7.5% during the forecast period. The food culture in Europe is turning more and more vegan increasingly. Finding vegetarian and vegan options is becoming easier in Europe, with increasing consumption of vegan ice cream. The number of vegan populations in Europe is on a significant rise, contributing substantially to the growth of the vegan ice cream market in the region.

The Asia-Pacific vegan ice cream market is anticipated to grow at a CAGR of 9.8% during the forecast period. The increasing vegetarian and vegan population, disposable income, growing economy, among others are some of the key factors that have contributed to remarkable growth in the Asia-Pacific vegan ice cream market in the last few years. 

The Europe yogurt market is anticipated to at a CAGR of 5.2% during the forecast period. European countries are generally known for their established dairy industry and the subsequent products are an essential part of daily consumables, regionally. The huge range of both dairy product types and brands in the European market covers a multitude of consumer tastes and preferences. 

The Asia-Pacific yogurt market is anticipated to at a CAGR of 6.5% during the forecast period. Asia-Pacific is the largest consumer of yogurt and correspondingly drives the global yogurt sector. Owing to its numerous health benefits, yogurt holds substantial attention among Asian consumers. A large portion of the regional pollution has lactose intolerance, and thus, finding yogurt a fairly better choice owing to its fermented nature, making it easily consumable.

The global vegan ice cream market is projected to propagate at a CAGR of 8.5% during the forecast period (2020-2026). Vegan ice cream is made from the milk extracted from several sources including almond, coconut, oat, soy, cashew, and rice, among more. It is made available in a lot of flavors such as chocolate, caramel, coconut, coffee, vanilla, and various fruit flavors. 

The yogurt market is projected to propagate at a solid CAGR of 5.2% during the forecast period (2020-2026). The market has witnessed significant growth due to the rise in health consciousness among consumers. Correspondingly, this has motivated consumers to opt for yogurt owing to its numerous health benefits, such as enhanced immune function, improved digestion, and a reduced risk of several diseases, including obesity and diabetes. The addition of yogurt to meal plans is one of those factors contributing to market growth. 

The US yogurt market is anticipated to grow at a CAGR of 4.7% during the forecast period. Customers are increasingly alarmed about health, sustainability, and social impact factors, in making their food decisions, with nearly one-third of the US population is flexitarian. 

The North American yogurt market is estimated to grow at a CAGR of 4.5% during the forecast period. The market is expected to grow based on increasing obesity levels in both the US and Canada. Increasing issues concerning obesity have led Americans to go for healthier diets that have spurred an increased demand for yogurts in the region. 

The Indian yogurt market is estimated to grow at a CAGR of 5.8% during the forecast period. Being the second most populated country in the world with a population of more than 1.3 billion, the demand for dairy products is quite high. 

The US savory snacks market is estimated to grow at a CAGR of 3.6% during the forecast period. Due to their busy lifestyle, most of the US consumers often do not have time to prepare and eat healthy meals, and sometimes struggle to find time to eat as healthy as they would like to. The demand for ready-to-eat snacks is fueling the growth of the savory snack market in the country.

The North American savory snacks market is anticipated to grow at a CAGR of 3.8% during the forecast period. The savory snack market continues to grow in the North American region as the consumers continue to prioritize the portability, convenience, and indulgence offered by the savory snacks. 

The Indian savory snacks market is estimated to grow at a rapid CAGR of 15.8% during the forecast period. Rising disposable incomes, rapid urbanization, and a large population primarily contributed to the growth of the Indian savory snacks market. Moreover, changing food habits and wide acceptance of healthy snacking options are the factors creating demand for these products. 

The European savory snacks market is anticipated to at a CAGR of 4.7% during the forecast period. Europe has been holding a considerable share in the savory snacks market and is expected to continue this trend during the forecast period owing to the changing consumer preferences for snacking in Western Europe over the years, with a growing preference for health base snacks.

The Asia-Pacific savory snacks market is anticipated to grow at a CAGR of 10.0% during the forecast period. Asia-Pacific is one of the largest markets for savory snacks. Large population, rapid urbanization, and increasing middle-class population are the primary factors driving the growth of the savory snacks market. Additionally, rising premiumization and increasing health consciousness among consumers are driving the market growth.

The US almond flour market is estimated to grow at a CAGR of 6.8% during the forecast period. In the US, consumers prefer healthy snacks instead of traditional meals, which indicates the opportunity for food service providers to come up with healthy almond flour-based foods. Encouraging economic settings and growing employment rates in the country have also been supporting the exposure of the almond flour, in turn, driving the market growth.

The North American almond flour market is anticipated to grow at a CAGR of 6.5% during the forecast period. The almond flour market has started to grow in the North American region as the consumers increasingly prioritize health benefits offered by almond flour. The growth of almond flour is driven by consumers, who want to be offered healthful foods with high nutritional value, due to increasing obesity issues in the region.

The Indian almond flour market is estimated to grow considerably during the forecast period. Growing disposable incomes, swift urbanization, and an abundant population contributed significantly to the growth of the Indian almond flour market. Moreover, changing food habits and wide acceptance of healthy snacking options are the factors creating demand for almond flour within food service providers. 

The Middle East & Africa food and grocery retail market is anticipated to grow at a CAGR of 5.0% during the forecast period. In Middle East & Africa, the food environments have been changing rapidly in the last decade, with modern retailers, including hypermarkets, supermarkets, online retailing channels, gaining major significance. 

Latin America food and grocery retail market is anticipated to grow at a CAGR of 5.5% during the forecast period. Supermarkets occupy roughly 60% of the national retail sectors in Latin America, and around half this level of food and grocery products. 

The France food and grocery retail market is estimated to grow at a CAGR of 4.1% during the forecast period. Improvements seen in this market in recent years have largely been the result of a strengthening economy and a growth in consumer spending, as well as an increase in consumer confidence. 

The China food and grocery retail market is anticipated to grow at a CAGR of 6.8% during the forecast period. China is one of the fastest developing and most populous country across the globe. Over the past few decades, modern grocery retailing has been expanding rapidly in developing countries including China itself. 

The global almond flour market is projected to grow at a CAGR of 7.2% during the forecast period (2020-2026). The almond flour market is compelled by the rising demand for healthy food products with snacking options as well, specifically increasing preference for plant-based snacks. Food processing companies are coming up with diversified product offerings in terms of flavor profiles, shapes, and in particular healthier attributes, to gain customer’s attention. 

The savory snacks market is projected to grow at a CAGR of 6.5% during the forecast period (2020-2026). The savory snacks market is compelled by the rising demand for convenient food products with the on-the-go trend for snacking options, specifically increasing preference for plant-based snacks. Savory snack companies are coming up with diversified product offerings in terms of flavor profiles and shapes to gain customer attention. 

The European almond flour market is anticipated to at a CAGR of 6.8% during the forecast period. Europe has been holding a considerable share in the almond flour market and is expected to continue this trend during the forecast period, owing to the changing consumer preferences for healthier foods in Western Europe over the years, with a growing preference for health base snacks. 

The Asia-Pacific almond flour market is anticipated to grow at a CAGR of 8.5% during the forecast period owing to a rise in demand for bakery & confectionery food products and a surge in consumer awareness toward clean label products and healthy ingredients. 

The North American meat snacks market is anticipated to showcase a moderate CAGR of 3.5% during the forecast period. The market is driven by the rising demand for ready-to-eat meat snacks by consumers to save their time effort, rising awareness among consumers regarding intake of nutritional ingredients, growing to emphasize on having protein intake for proper gut health are among some key factors that are driving the regional market growth. 

The European meat snacks market is anticipated to showcase a considerable CAGR of 4.0% during the forecast period. The regional market is driven by the due to rising industrialization, which in turn, is increasing the demand for on-the-go food products in the region. This factor is further backed by the rising conventional retailing channels and e-commerce platform, offering different varieties of meat snacks at considerably discounted prices, which is further supporting the market growth.

The China meat snacks market is anticipated to showcase a considerable CAGR of 11.2% during the forecast period. The major cause behind the rapid development of the meat snack market in the country includes emerging new retail channels and continuous consumption upgrade. Rising per capita disposable income is one of the key factors encouraging the growth of the market.

The Asia-Pacific meat snacks market is anticipated to showcase a considerable CAGR of 8.3% during the forecast period. Increased demand for convenient food amongst the population in the region, increasing disposable income, along with the rising launches of innovative meat snacks are the prominent factors that are driving the growth of the regional market growth. 

The global meat snack market is projected to grow at a considerable CAGR of 5.6% during the forecast period (2020-2026). The meat snacks market is largely driven by the robust demands of protein-rich delicacies, especially among the millennial's (Generation Y) and Gen Z population segments. The greater attention to the healthfulness aspect of snacking has led to the emergence of meat bars as a snack category. 

US galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. The increasing awareness related to the advantage of taking galacto?oligosaccharides by both infants and adults along with the rising demand for food & beverages and dietary supplements in the country is promoting the growth of the galacto?oligosaccharides market. 

North American galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. The considerable shift towards a sedentary lifestyle, rising disposable income, and increasing health-related concerns are the key factors that are driving the growth of the market. Rising concerns regarding gut diseases, high blood pressure, diabetes, and rickets among other chronic diseases have resulted in an increased demand for functional food and beverages, which is expected to propel the regional demand for galacto?oligosaccharides.

Germany galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. Galacto-oligosaccharides are non-digestible oligosaccharides with prebiotic properties that can be utilized in a wide number of products in the food processing industry. Germany is the leading food and beverage market in Europe. According to the German trade and invest (GTAI), Germany has nearly 82 million consumers of food and beverage products across the country, this number is expected to increase in the coming years, making Germany a hotspot for the manufacturing of food and beverages products in the coming years.

European galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. Galacto-oligosaccharides are non-digestible oligosaccharides with prebiotic properties that can be incorporated into a wide number of products. The rising demand for fortifying food with prebiotic ingredients is anticipated to drive the growth of the galacto?oligosaccharides market in Europe. It is often used in the food processing sector, as it is a good and healthy substitute for fat and sugar.

Asia-Pacific galacto-oligosaccharides market is anticipated to showcase a considerable growth rate during the forecast period. The growing infant mortality rate, increasing disposable income, and rising consumer awareness related to their health management are the key factors that are promoting the adoption of galacto-oligosaccharides in their diet which in turn is driving the market growth. 

The galacto-oligosaccharides market is projected to grow at a considerable CAGR of 8.5% during the forecast period (2020-2026). There is a high demand for functional food and beverages with prebiotic properties. The rising demand for fortifying food with prebiotic ingredients is anticipated to drive the growth of the galacto?oligosaccharides market across the globe.

Middle East's fast food and quick service restaurants market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. The growth of the market can be attributed to factors such as growing fast-food chains, changing consumer preferences, and high disposable income. The strong advertisement strategies followed by the companies are aiding them to attract more consumer base for the food and quick service restaurants.

Latin America's fast food and quick service restaurants market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. The growth of the market is mainly influenced by the changing food consumption behavior of the consumers coupled with the high urbanization across the region. Additionally, the increasing middle-class population and high purchasing power will also impact the growth of the market.

The ASEAN fast food and quick service restaurants market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period. The growth of the market is being influenced by the increasing young consumer preference towards fast food owing to the busy lifestyle. Additionally, the fast-growing middle-class population is also fostering the growth of the ASEAN fast food and quick service restaurants market. 

The US fast food and quick service restaurants market is anticipated to grow at a CAGR 4.7% during the forecast period. The market is majorly driven by the presence of various global companies across the country such as Macdonald’s Corp., Subway, Wendy’s, KFC, Pizza Hut, and many more. In addition to this, owing to the high popularity of fast food in the country, these restaurants attract consumers of every age group. It is also providing growth to the market during the forecast period.

North America's fast food and quick service restaurant market are anticipated to grow at a CAGR 4.7% during the forecast period. The market growth across the region is attributed to the increasing number of fast-food chains and franchises. Additionally, the continuously evolving consumer demand across the region is driving fast food and quick service restaurant to offer new products. For instance, in 2019, Taco Bell owned by Yum! Brand, as part of its “Tacos with a Side of Purpose” initiative, added a dedicated vegan-friendly menu in the US. 

Indian fast food and quick service restaurants market is anticipated to grow at a CAGR of 9.7% during the forecast period. The market growth in the country is being driven by the increasing adoption of western food culture. In addition to this, the availability of fast food mostly at affordable prices across the country is also increasing the penetration of the fast-food market.

Europe's fast food and quick service restaurant market are anticipated to grow at a CAGR 4.3% during the forecast period. The market is driven by the necessity of fast-food alternatives due to the significantly high number of working populations including women across the region. The fast-food vendors across the region also started healthy options in the fast-food category owing to the consumer’s increasing healthcare consciousness. 

Asia Pacific's fast food and quick service restaurant market are anticipated to grow at a CAGR 7.5% during the forecast period.  The region’s market growth is primarily influenced by the rising penetration of various international cuisines. In addition to this, the presence of a large base of potential consumers especially in developing countries such as India and China is also fostering the growth of the fast-food and quick service restaurants market.

The fast-food and quick service restaurants market is anticipated to grow at a significant CAGR of 6.6% during the forecast period. The growth of the market will be majorly driven by its increased popularity of fast food across the globe as a convenient and easy to get food. Additionally, the continuous diversification of the menu coupled with the use of innovative delivery techniques such as go-to, pick-up, drive-thru, and online delivery are expected to propel the fast food and quick service restaurants market. 

The US fat replacers market is projected to grow at a CAGR of 5.2% during the forecast period. The key factors that drive the US fat replacers market include the high preferences of the consumers towards the low-fat food items as consumers are getting conscious regarding the health risks associated with the high-calorie diets. 

The UK fat replacers market is projected to grow at a CAGR of 6.6% during the forecast period. The presence of a well-established food & beverage industry in the country is one of the factors driving the market growth. As per the Food and Drink Federation in 2019, the food and drink industry in the UK is one of the largest manufacturing sectors contributing to the country’s growth. 

The North American fat replacers market is projected to grow at a CAGR of 5.6% during the forecast period. The key factors that drive the North American fat replacers market include the high preferences of the consumers towards the low-fat food items owing to the increased cases of obesity amongst the young generation of the region. 

The European fat replacers market is projected to grow at a CAGR of 6.1% during the forecast period. The key factors that drive the market growth include the increased demand for low-fat and low-calorie diets across the region. This has resulted in the inclination of the consumers towards improved dietary habits. 

The Asia-Pacific fat replacers market is projected to grow at a CAGR of 8.1% during the forecast period. The key factors that drive the market include the changing lifestyle coupled with the lack of balanced dietary intake amongst the young population. 

The global fat replacers market is projected to grow at a CAGR of 6.3% during the forecast period. The key factors that drive the growth of the market include the wide range of product applicability of fat replacers in all types of food and beverages. 

The vegan baking ingredients market is anticipated to grow at a CAGR 7.0% during the forecast period. The vegan baking ingredients market is growing significantly with the increasing demand for vegan baking essential due to increasing awareness toward its health benefits all across the globe. The vegan lifestyle is now being adopted by a significant base of the population across the globe which is surging the demand for plant-based baking products.

Infant formula ingredients market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period. Product innovations and technological improvements are expected to be the primary drivers of market growth. The increasing awareness in developing economies regarding the importance of adequate nutrition for the healthy growth of infants is a key factor promoting the growth of the infant formula ingredients market. Additionally, infant formula brands are adding various organic ingredients to their product following the trend of organic food which is also anticipated to drive the infant formula ingredients market during the forecast period. 

The caramel ingredients market is anticipated to grow at a lucrative growth rate during the forecast period. Caramel ingredients are widely used in various food as well as non-food applications. For instance, food & beverages application of caramel ingredients includes soft drinks, soy sauce, seasonings, bread, pet foods, cereals, and many more whereas non-food applications of caramel ingredients were in cosmetic products. 

The US fruit beer market is estimated to grow at a CAGR of 5.2% during the forecast period. The rising demand for craft beer is primarily contributing to market growth. 

UK fruit beer market is estimated to grow at a CAGR of 4.0% during the forecast period. Significant focus on the production of fruit beer and potential health awareness regarding the benefits of fruit beer are some pivotal factors contributing to the growth of the market. 

The North American fruit beer market is estimated to grow at a CAGR of 4.2% during the forecast period. Significant demand for premium beer and rising consumers’ demand for low or no alcohol beer are some factors encouraging the growth of the market. 

The Latin America fruit beer market is estimated to grow at a CAGR of 4.8% during the forecast period. Latin America beer market has been witnessed a potential rise coupled with the increasing presence of global manufacturers and rising demand for premium beer, especially in millennials. 

The European fruit beer market is estimated to grow at a CAGR of 4.2% during the forecast period. Some pivotal factors in the market growth include the rising inclination towards non-alcoholic beverages and significant health awareness regarding fruit beer in the region. 

The Asia-Pacific fruit beer market is estimated to grow at a CAGR of 6.4% during the forecast period. A significant number of millennials and an increasing shift towards low alcohol beer are the pivotal factors contributing to market growth. 

The global fruit beer market is estimated to grow at a CAGR of 5.7% during the forecast period. Increasing popularity in millennials and a significant rise in the demand for craft beer are the major factors contributing to the growth of the market

The UK rapeseed oil market is anticipated to grow at a CAGR of 6.5% during the forecast period. Rapeseed oil is the largest produced and consumed vegetable oil in the UK with usage distributed in both food products and biodiesel. There has been substantial growth in the oilseed market in the UK over the last decade.

The North American rapeseed oil market is anticipated to grow at a CAGR of 6.5% during the forecast period. Increasing consumer purchasing power, rising health-conscious population and changing eating patterns due to obesity have given rise to the consumption of rapeseed oil in North America. 

The Indian rapeseed oil market is estimated to grow at a CAGR of around 7% during the forecast period. Rising incomes and more open trade management induced a driving consumption growth, which has resulted in increased rapeseed oil supplies coupled with lower domestic prices.

European rapeseed oil market is anticipated to at a CAGR of 6.8% during the forecast period. Rapeseed oil in Europe has become mainstream and is growing significantly over the last decade. Rising demand for rapeseed oil due to increased wealth in the region, increasing utilization in biofuel feedstock supply as a substitute for fossil fuels, and increasing awareness concerning health-related problems associated with trans-fatty acids have been contributing to increased use of rapeseed oil in Europe. 

The Asia-Pacific rapeseed oil market is anticipated to at a CAGR of more than 7% during the forecast period. Rapeseed is one of the largest oilseed crops in Asia-Pacific, and the largest in China accounting for about 20% of global production.

The rapeseed oil market is projected to grow at a strong CAGR of around 7% during the forecast period (2020-2026). Rapeseed oil is rich in vitamin E and essential fatty acid which has contributed significantly to its gaining popularity. Shifting consumer food patterns from animal to vegetable products catering to an increasing need for dietary fat oils has been supporting the rapeseed oil market growth, globally. 

The US food and grocery retail market is anticipated to grow at a CAGR of around 4.5% during the forecast period. Given the unprecedented spike in unemployment figures and economic deterioration in the first quarter of 2020, it is likely that price-conscious behavior will become prevalent for the rest of the year 2020 and will likely persist in the near future. 

The North American food and grocery retail market is anticipated to grow at a CAGR of around 4.5% during the forecast period. The growth in the food and grocery retail market in the region is owed to high per capita disposable income, increasing agricultural price index, high urban population, and the healthy eating index. 

The Indian food and grocery retail market is estimated to grow at a CAGR of more than 7.0% during the forecast period. Being the second most populated country across the globe with a population of more than 1.3 billion, the demand for retail is reasonably high in the country. 

Europe food and grocery retail market is anticipated to augment at a CAGR of around 4% during the forecast period. Increasing focus on employments, change in retail structuration, development of private labels, increase in the number of shops and commercial sales areas have all contributed to the growth of the European food and grocery retail market. 

The Asia Pacific food and grocery retail market is anticipated to grow at a CAGR of more than 6.5% during the forecast period. Increasing urbanization, disposable income, growing economy, among others are some of the primary factors that have contributed to remarkable growth in the Asia Pacific food and grocery retail market in the last decade. 

The global food and grocery retail market is projected to grow at a lucrative CAGR of around 5.0% during the forecast period (2020-2026). The growth is intensified owing to the increasing demand for groceries induced by increasing requirements for day to day commodities. 

Malted wheat flour market is projected to grow at a considerable CAGR of around 5% during the forecast period (2020-2026). Malt is made from the enzymatic process for germinate the grains and allow them to sprout. 

The L-carnitine market is projected to grow at a considerable CAGR of around 4% during the forecast period (2020-2026). The proper intake of L-carnitine on daily basis facilitates weight management, which is the primary cause of obesity. 

The human milk oligosaccharides market is projected to grow at a considerable CAGR of more than 12% during the forecast period (2020-2026).  Rising concerns regarding gut diseases, high blood pressure, diabetes, and rickets among other chronic diseases have resulted in an increased demand for functional food and beverages, which is expected to propel the regional demand for human milk oligosaccharides.

The global canned food market is projected to grow at a CAGR of over 3% during the forecast period. Fruits and vegetables are an important element for a healthy diet, however, due to seasonality, they are often consumed processed. Canned fruits and vegetables are convenient products that fulfill the dietary needs of the consumers.

The soy milk market is anticipated to grow at a CAGR of around 6% during the forecast period. Soy milk is made solely from soybeans seeds and has a number of health benefits. Soy can reduce hyper pigmentation and have anti-aging properties, which are anticipated to fuel its demand, especially among the female population.

The catechin market is projected to grow at a considerable CAGR of 7% during the forecast period (2020-2026). Catechin is a flavan-3-ol, a type of natural phenol and antioxidant. Catechins are a type of flavonoid found in certain kinds of tea, fruit, chocolate, and wine. Catechin has been found to have anti-inflammatory, anticarcinogenic, antimicrobial, and antioxidant properties and is beneficial in cardiovascular disease, diabetes, obesity, neurologic and oral health.

Organic tea refers to a tea that has grown without using chemicals or pesticides in the whole growing and processing journey. The global organic tea market is projected to grow at a significant CAGR of 7.6% during the forecast period. The key factors that drive the market growth include the shift of the consumers towards the adoption of organic beverages as people are becoming more health-conscious and antioxidant properties offered by the organic tea.

The global prebiotic Ingredients market is anticipated to grow at a significant CAGR during the forecast period. Prebiotics encourage the growth of beneficial bacteria in the body that can improve digestion and support the immune system. The use of prebiotic ingredients results in several health benefits that include reduction of infections, improved cardiometabolic and immune health, and many more.

The soy beverages market is anticipated to grow at a CAGR of around 6% during the forecast period. Soy beverages such as soy milk contain as much protein as cow's milk; however, these are lower in calories as compared to whole milk. 

The global fermented ingredients market is anticipated to grow at a significant CAGR during the forecast period. Fermented ingredients demand is significantly rising owing to the rising need for healthy and natural food products with the addition of synthetic preservatives and additives. Moreover, the rising consumption of alcoholic beverages across the globe will majorly impact the fermented ingredients market. 

The functional water market is projected to grow at a considerable CAGR of around 7% during the forecast period (2020-2026). The growing preference of consumers towards better-for-you or healthy alternatives from high-sugar and unnatural drinks is a key factor contributing to the high market share of the functional water market.

The sports drink market is anticipated to grow at a significant CAGR during the forecast period. Sports drink usually constitutes electrolytes sodium and potassium that aids in rehydrating during or after exercise. Sports drinks also aid with the salt replacement of the athlete’s body that has been lost with sweat during the heavy physical workouts.

The global organic beverages market is anticipated to grow at a significant CAGR during the forecast period. Organic beverages are made from naturally grown food products that are grown without the use of synthetic pesticides, growth hormones, and genetic engineering. The organic beverages don’t contain any artificial flavors or colors and are preservative-free. Organic beverages are preferred mostly above drinks that lack nutritional value and are high in sugar.

The global functional beverages market is anticipated to grow at a CAGR of around 6% during the forecast period. Functional beverages usually constitute of ingredients such as herbs, vitamins, minerals, amino acids, or raw fruit or vegetables with other performance-enhancing substance. Functional beverages are intended to provide various health benefits. 

The global energy drink market is anticipated to grow at a CAGR of around 6% during the forecast period. Energy drink usually constitutes caffeine along with other mental and physical simulators that are used for providing instant energy to an individual. Nowadays, energy drinks are available in various flavors with vitamins or carnitine, in the market. 

The global coffee market is projected to grow at a CAGR of around 5% during the forecast period. The key factors that drive the growth of the market include the increasingly urban and young population pool entering the middle-class segment, which surges the consumption of coffee and caffeine-based products. Besides, this pool is also willing to pay for premium products; thereby, influencing the overall value of the coffee market. 

The global black beer market is projected to grow at a significant CAGR during the forecast period. Beer is considered as one of the commonly consumed alcoholic beverages and even one of the most commonly consumed alcoholic beverages across the globe. 

The premium alcoholic beverage market is anticipated to show at a lucrative growth at a CAGR of around 7.0% during the forecast period. An increase in the youth population, rising per capita disposable income, and innovation to the alcoholic product range are some of the major factors for the growth of the market. 

The non-alcoholic beverage market is anticipated to augment at a CAGR of around 5.5% during the forecast period. Rising disposable income, rising millennial population bases especially in the emerging economies are some of the major factors for the growth in the market

The global gluten-free foods and beverages market is estimated to grow at a CAGR of nearly 8.4% during the forecast period. The major factors contributing to the growth of the market include a significant prevalence of celiac diseases and rising athletes shift towards gluten-free products. 

The global fortified wine market is estimated to grow at a CAGR of nearly 4.8% during the forecast period. The major factors contributing to the growth of the market include emerging demand for premium alcoholic beverages and growing disposable income across emerging countries. 

The global food colorants market is estimated to grow at a CAGR of nearly 5.6% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the food and beverage industry and the rising demand for natural food colorants. 

The global cider market is estimated to grow at a CAGR of nearly 5.7% during the forecast period. Rising demand for premium alcoholic beverages and significant youth population is driving the demand for cider. Rising adoption of premium alcoholic beverages is encouraging the market growth. 

The soft drink market is anticipated to augment at a CAGR of around 6.0% during the forecast period. A soft drink is a non-alcoholic drink that generally contains carbonated water and natural or artificial flavoring. 

The dairy beverage market is anticipated to show lucrative growth at a CAGR of around 7.0% during the forecast period. Rising population base, the increasing market of organized dairy products, rising milk production, shifting from carbonated drinks to healthy drinks are some of the major factors for the growth of the market all across the globe. 

The carbonated beverage market is anticipated to show modest growth at a CAGR of around 4.0% during the forecast period. Carbonated beverages are the drinks that have carbon-dioxide added to them. These beverages can have carbonated water or soda water as a base and flavor and sweetener are also added. 

The global antioxidant beverages market is estimated to grow at a CAGR of nearly 9.0% during the forecast period. The major factors contributing to the growth of the market include health benefits associated with antioxidant beverages and significant youth population. 

The global dry beans market is anticipated to grow at a CAGR of around 5% during the forecast period. The huge amount of benefits that these products offer is a major factor to drive the growth of the market across the globe. 

The global Alcoholic Beverages Industry is estimated to register steady growth of around 3.1% over the forecast period 2019-2025. Increased pool of young-adult population, growing disposable income around the globe and new product launches are some of the key pivotal factors that are augmenting the growth of the market. 

The global food & beverage industry was growing with a modest growth rate all across the globe. The food & beverage industry includes the companies working in processing raw food materials, packaging, and distribution of food along with alcoholic and non-alcoholic beverages. 

The fast food industry includes the companies working in packaging, and distribution of foods through various chains or individually. The primary factors for the growth of the fast foods industry before COVID-19 pandemic includes the rise in the number of on the go consumers and increased adoption of ready to eat food. 

The global 3D food printing market is estimated to grow at a CAGR of around 13% during the forecast period. The major factors contributing to the growth of the market include increasing awareness among food innovators and growing concern about food safety and development. 

Germany, having the world’s fifth-highest number of coronavirus cases, has experienced far fewer deaths from the disease in comparison with the other countries including Italy, China, the US, and others. As of March 25, 2020, the registered cases of the COVID-19 in the country were around 33,000 out which 3,300 has been recovered and around 160 mortalities were registered so far. 

The global dairy industry is estimated to register significant growth over the forecast period 2019-2025. The global milk production expanded at a substantial rate especially in India, Turkey, the European Union, Pakistan, the US, and Argentina in 2018, which was partially offset by a decline in milk production output in China and Ukraine.

The global seed coating market is projected to grow at a considerable CAGR of around 8.7% during the forecast period. The high yield demand for different crops including pulses, cereals, oilseed, and fruits and vegetables across the globe is a major factor to drive the growth of the global seed coating market.

The global animal husbandry industry has been largely impacted by the effect of coronavirus. There has been a sharp fall in the demand for chicken and meat since the outbreak as there have been various rumors amongst the peoples that the virus can spread through the animal’s meat and chicken. 

The global food & beverage industry includes various online food chains and offline food chains. The food & beverage industry includes the companies working in processing raw food materials, packaging, and distribution which include prepared foods and packaged foods, along with alcoholic and non-alcoholic beverages. The primary factors for the growth of the food & beverages industry before COVID-19 pandemic includes the rise in the number of on the go consumers and increased adoption of ready to eat food. 

North American FPM contract manufacturing market is expected to grow at a CAGR of around 5.3% during the forecast period. The North America FPM contract manufacturing market is segmented two regions include the US and Canada. The US is growing at a CAGR of 5.3% during the forecast period. Whereas, Canada is expected to grow at the CAGR of around 5.8% during the forecast period. 

Asia-Pacific FPM contract manufacturing market is expected to grow at a CAGR of around 5.5% during the forecast period. The growth of the Asia-Pacific FPM contract manufacturing market is accredited to the shift of major food companies towards the production facilities and expansion. Key companies such as Nestlé, Kraft, and Unilever already operate in more than 140 countries, including China, Australia and India.

Indian FPM contract manufacturing market is expected to grow at a CAGR of around 6.4% during the forecast period. India FPM contract manufacturing is expected to rise significantly due to growing trend towards the food industry in the region. The food sector in India has been significantly emerging as a high-profit and high-growth sector as it holds high potential for value addition, primarily under the food processing industry.

Germany FPM contract manufacturing market is expected to grow at a CAGR of approximately 5.4% during the forecast period. Germany is considered one of the key countries in the food and beverage market in the European region. The Germany FPM contract manufacturing market is driven by some crucial factors such as the presence of small and large FPM contract manufacturers and the rapid arrival of new product varieties owing to research and development in the market.

European FPM Contract manufacturing market is expected to grow at a CAGR of around 4.8% during the forecast period. Food and beverage manufacturing is one of the largest sectors in Europe. According to Eurostat, nearly 289,000 companies existed in the European Union which engage in the manufacturing of the food products. Germany, UK and France are expected to dominate the European FPM contract manufacturing market in terms of revenue generated from the contract manufacturing service.

US FPM Contract manufacturing market is expected to grow at a CAGR of around 5.3% during the forecast period. The US FPM contract manufacturing market has been witnessed significant growth due to the wide presence of major food manufacturers and significant innovations in food & beverage in the country. The major food processing companies available in the US comprise Kraft Foods Group, Inc., the Kellogg Company among others. 

US tea bag market is expected to grow at a CAGR of more than 5% during the forecast period. The tea market is highly competitive in the US. It is comprised of a few US-based tea growers and several importers from almost every tea producing countries, such as China, India, and Japan. 

North American tea bag market was valued at around $3.2 billion in 2018 and is further estimated to grow at a CAGR of 4.6% during the forecast period. The market in North America is growing due to the increasing demand for unadulterated organic tea-based products, such as green tea. The US and Canada have been analyzed in the North American tea bag market. 

LAMEA tea bag market is estimated to grow at a CAGR of 6.0% during the forecast period. Brazil is considered as one of the countries with a significant consumption and production of coffee and tea in Latin America. 

The global tea bag market is expected to grow at a CAGR of 5.5% during the forecast period. Teabags are the most convenient form of tea that is consumed as it is a faster and easier way. The factors that fuel the global tea bag industry include the premiumization trend market, which pushes the consumers to invest more in the products that are convenient as well as healthy and natural thus escalating the market revenues over the forecast timeframe. 

European tea bag market was valued at around $2 billion in 2018 and is further estimated to grow at a CAGR of 5.3% during the forecast period. The major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe (RoE) are significantly contributing to the growth of the tea bag market. 

China tea bag market is growing at a CAGR of more than 6.0% during the forecast period. China is the largest producer and consumer of tea all across the globe. Due to this, the region has the largest market share during the forecast period. 

Asia-Pacific tea bag market was valued at around $2.5 billion in 2018, which is further estimated to reach around $4 billion in 2025 at a CAGR of 6.6% during the forecast period. Asia-Pacific is the largest producer and consumer of tea all across the globe. 

UK green tea market is estimated to grow at a CAGR of around 6% during the forecast period. Tea has been consumed in the region due to their health benefits. These include improved brain function, fat loss, a lower risk of cancer and many others. 

North American green tea market was valued at around $3.2billion in 2018, which is further estimated to reach around $4.9 billion in 2025 at a CAGR of 6.5% during the forecast period. The market in North America is growing due to the increasing demand for unadulterated organic tea-based products. The US and Canada have been analyzed in the North American green tea market. 

LAMEA green tea market was valued at around $1.5 billion in 2018, which is further estimated to reach around $2.1 billion in 2025 at a CAGR of 5.3% during the forecast period. Brazil is considered as one of the countries with a significant consumption and production of coffee and tea in Latin America. 

Indian green tea market is estimated to grow at a CAGR of around 7% during the forecast period. As per Tea Board of India, India is the 2nd largest producer of tea and the largest tea consumer all across the globe. Approximately 70-80% of the tea produced in the country is consumed by the domestic market. 

European green tea market was valued at around $2.3 billion in 2018, which is further estimated to reach around $3.5billion in 2025 at a CAGR of 5.9% during the forecast period. The major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe (RoE) are significantly contributing to the growth of the market. 

China green tea market is estimated to grow at a CAGR of around 6% during the forecast period. China is the largest producer and consumer of tea all across the globe. Due to this, the region has the largest market share during the forecast period. China is the largest tea producer globally. 

Asia-Pacific green tea market was valued at around $5.3 billion in 2018, which is further estimated to reach around $8.3 billion in 2025 at a CAGR of 6.7% during the forecast period. Asia-Pacific is the largest producer and consumer of tea all across the globe. Due to this, the region has the largest market share during the forecast period. 

US black tea market is estimated to grow at a CAGR of around 4% during the forecast period. The tea market is highly competitive in the US. It is comprised of a few US-based tea growers and several importers from almost every tea producing countries, such as China, India, and Japan.

UK black tea market is estimated to grow at a CAGR of around 6% during the forecast period. Tea has been consumed in the region due to their health benefits. These include improved brain function, fat loss, a lower risk of cancer and many others. 

LAMEA black tea market was valued at around $3.1 billion in 2018, which is further estimated to reach around $4.6 billion in 2025 at a CAGR of 6.1% during the forecast period. Brazil is considered as one of the countries with a significant consumption and production of coffee and tea in Latin America.

Kenya black tea market is estimated to grow at a CAGR of 5.7% during the forecast period. Kenya is one of the major exporters of tea to the US. As per the United States Agency for International Development (USAID), in 2016, the US imported nearly $26 million in tea products from Kenya, which makes it the eleventh greatest importer to the US market.

Indian black tea market is estimated to grow at a CAGR of around 7% during the forecast period. As per Tea Board of India, India is the 2nd largest producer of tea and the largest tea consumer all across the globe. Approximately 70-80% of the tea produced in the country is consumed by the domestic market.

The global black tea market is forecast to reach $41.1 billion in 2025 from $28.4 billion in 2018 at a CAGR of 5.4% during the forecast period. Black tea is mainly consumed in Asia-Pacific countries such as India, China and so on. Moreover, in the US, around 85% of the total consumption in the US is black tea. 

European black tea market was valued at around $5.4 billion in 2018, which is further estimated to reach around $7.9 billion in 2025 at a CAGR of 5.4% during the forecast period. The major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe (RoE) are significantly contributing to the growth of the market.

China black tea market is estimated to grow at a CAGR of around 6% during the forecast period. China is the largest producer and consumer of tea all across the globe. Due to this, the region has the largest market share during the forecast period. China is the largest tea producer globally. As per the International Tea Committee, around 2.6 million tons of tea was produced in the country in 2018 as compared to 2.4 million tons in 2017.

Asia-Pacific black tea market was valued at around $12.2 billion in 2018, which is further estimated to reach around $18 billion in 2025 at a CAGR of 5.8% during the forecast period. Asia-Pacific is the largest producer and consumer of tea all across the globe. Due to this, the region has the largest market share during the forecast period. 

US green tea market is estimated to grow at a CAGR of around 4% during the forecast period. The tea market is highly competitive in the US. It is comprised of a few US-based tea growers and several importers from almost every tea producing countries, such as China, India, and Japan. 

The global green tea market is expected to grow at a CAGR of 6.3% during the forecast period. Due to its health benefits such as weight loss, reduction of depression, weight loss it is highly adopted by the young population all across the globe.

Asia-Pacific tea and tea-based beverages market was valued at around $18.8 billion in 2018, which is further estimated to reach around $28.2 billion in 2025 at a CAGR of 6.0% during the forecast period. Asia-Pacific is the largest producer and consumer of tea all across the globe.

China tea and tea-based beverages market was valued at around $11.6 billion in 2018, which is further estimated to reach around $17.6 billion in 2025 at a CAGR of 6.1% during the forecast period. China is the largest producer and consumer of tea all across the globe. 

European tea and tea-based beverages market was valued at around $8.3 billion in 2018, which is further estimated to reach around $12 billion in 2025 at a CAGR of 5.4% during the forecast period. The major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe (RoE) are significantly contributing to the growth of the market.

Indian tea and tea-based beverages market was valued at around $2.7 billion in 2018, which is further estimated to reach around $3.8 billion in 2025 at a CAGR of 7.7% during the forecast period. As per Tea Board of India, India is the 2nd largest producer of tea and the largest tea consumer all across the globe.

Kenya tea and tea-based beverages market is estimated to grow at a CAGR of more than 5% during the forecast period. Kenya is one of the major exporters of tea to the US. As per the United States Agency for International Development (USAID), in 2016, the US imported nearly $26 million in tea products from Kenya, which makes it the eleventh greatest importer to the US market.

LAMEA tea and tea-based beverages market was valued at around $4.9 billion in 2018, which is further estimated to reach around $7.2 billion in 2025 at a CAGR of 5.7% during the forecast period. Brazil is considered as one of the countries with a significant consumption and production of coffee and tea in Latin America.

North American tea and tea-based beverages market was valued at around $11.7 billion in 2018, which is further estimated to reach around $16.6 billion in 2025 at a CAGR of 5.0% during the forecast period. The market in North America is growing due to the increasing demand for unadulterated organic tea-based products, such as green tea.

UK tea and tea-based beverages market was valued at around $3 billion in 2018, which is further estimated to reach around $4.5 billion in 2025 at a CAGR of 6.2% during the forecast period. Green tea and herbal tea are widely gaining popularity in the region due to their health benefits.

US tea and tea-based beverages market was valued at around $10.8 billion in 2018, which is further estimated to reach around $15 billion in 2025 at a CAGR of 4.8% during the forecast period. The tea market is highly competitive in the US.

North American black tea market was valued at around $7.7 billion in 2018, which is further estimated to reach around $10.6 billion in 2025 at a CAGR of 4.6% during the forecast period. The market in North America is growing due to the increasing demand for unadulterated organic tea-based products. 

The United States distilled spirits market is estimated to grow at a CAGR of around 3% during the forecast period. According to the Distilled Spirits Council, nearly 63% of the US whiskey exports have faced retaliatory tariffs from the EU, China, Turkey, Canada, and Mexico. 

The UK distilled spirits market is estimated to grow at a CAGR of around 3% during the forecast period. The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors. 

The North American distilled spirits market is estimated to grow at a CAGR of 2.9% during the forecast period. The North American distilled spirits industry valued at $101.8 billion in 2018 and is estimated to reach $123.4 billion in 2025. Growing alcohol consumption is the major factor that is contributing to the market growth in the region.

LAMEA distilled spirits market is estimated to grow at a CAGR of 3.5% during the forecast period. In 2018, the market in LAMEA was valued at $46.1 billion and is further estimated to reach $58.1 billion in 2025. 

The Indian distilled spirits market is estimated to grow at a CAGR of around 4% during the forecast period. The increasing disposable income, growing acceptance of alcoholic beverages in social circles, and inclining consumer preference toward premium varieties of IMFL (Indian made foreign liquor) is expected to result in gradual growth in favor of premium brands.

The global distilled spirits market is estimated to grow at a CAGR of 3.3% during the forecast period. The global distilled spirits industry valued at $384.2 billion in 2018 and is estimated to reach $478.4 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well as from illicit alcohol across Africa, which is a long-term trend.

The European distilled spirits market is estimated to grow at a CAGR of 2.9% during the forecast period. The European distilled spirits industry valued at $98.0 billion in 2018 and is estimated to reach $118.6 billion in 2025. The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors.

Asia-Pacific alcoholic beverages market is estimated to grow at a CAGR of 3.6% during the forecast period. In 2018, the market in Asia-Pacific was valued at $331.6 billion and is further estimated to reach $420.0 billion in 2025.

China alcoholic beverages market is estimated to grow at a CAGR of around 3% during the forecast period. The factors contributing to the market growth include increasing demand for alcoholic beverages due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. 

The Asia-Pacific distilled spirits market is estimated to grow at a CAGR of 3.8% during the forecast period. The Asia-Pacific distilled spirits industry valued at $138.3 billion in 2018 and is estimated to reach $178.3 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well as from illicit alcohol across emerging economies.

The European alcoholic beverages market is estimated to grow at a CAGR of 2.8% during the forecast period. In 2018, the European market was valued at $263.6 billion and estimated to reach $316.6 billion in 2025. Europe is one of the major producers and consumers of alcoholic beverages globally.

Indian alcoholic beverages market is estimated to grow at a CAGR of 4.2% during the forecast period. In 2018, the market in India was valued at $36.5 billion and is further estimated to reach $48.0 billion in 2025. The 

LAMEA alcoholic beverages market is estimated to grow at a CAGR of 3.5% during the forecast period. In 2018, the market in LAMEA was valued at $121.0 billion and is further estimated to reach $152.0 billion in 2025. 

The North American alcoholic beverage market is estimated to grow at a CAGR of 2.5% during the forecast period. The market value of alcoholic beverages in North America was $268.8 billion in 2018 which is estimated to hit $316.4 billion in 2025.

The UK alcoholic beverages market is estimated to grow at a CAGR of 3.1% during the forecast period. In 2018, the UK market was valued at $44.8 billion and estimated to reach $54.9 billion in 2025. UK is one of the major economies in Europe. 

The US beer market is estimated to grow at a CAGR of around 2% during the forecast period. The growing demand for premium/super premium alcoholic beverages among consumers is also contributing significantly to market growth. 

The US alcoholic beverage market is estimated to grow at a CAGR of 2.5% during the forecast period. The market value of alcoholic beverages in US was $246.0 billion in 2018 which is estimated to hit $288.8 billion in 2025. 

The UK beer market is estimated to grow at a CAGR of around 2% during the forecast period. The country has a population base of 66 million and around 82% of the population is above 15 years. As per WHO, alcohol consumption per capita has decreased slightly from 12.3 liter in 2010 to 11.4 liter in 2016, still higher than the European Union average. 

The North American beer market is estimated to grow at a CAGR of 1.8% during the forecast period. The beer industry in North America valued at $119.7 billion in 2018 and is estimated to reach $134.5 billion in 2025. Beer is the most common alcoholic beverage, consumed across the globe.

LAMEA beer market is estimated to grow at a CAGR of 3.4% during the forecast period. In 2018, the market in LAMEA was valued at $57.6 billion and is further estimated to reach $72.0 billion in 2025.

The Asia-Pacific wine market is estimated to grow at a CAGR of 4.1% during the forecast period. The wine industry valued at $42.6 billion in 2018 and is estimated to reach $55.7 billion in 2025.

The Indian beer market is expected to grow at a CAGR of more than 4% during the forecast period. The factors contributing to the market growth include increasing demand for alcoholic beverages in the country due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. 

The European beer market is estimated to grow at a CAGR of 2.2% during the forecast period. In 2018, the European beer industry was valued at $115.2 billion and estimated to reach $132.9 billion in 2025. Europe is one of the major producers and consumers of alcoholic beverages globally. 

China beer market is estimated to grow at a CAGR of more than 3% during the forecast period. The factors contributing to the market growth include increasing demand for beer due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. 

Asia-Pacific beer market is estimated to grow at a CAGR of 3.2% during the forecast period. In 2018, the market in Asia-Pacific was valued at $150.7 billion in 2018 and is estimated to reach $186.0 billion in 2025. 

The China wine market is estimated to grow at a CAGR of around 4% during the forecast period. The factors contributing to the growth of the market include increasing demand for alcoholic beverages in emerging economies such as China and India due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income.

The European wine market is estimated to grow at a CAGR of 3.8% during the forecast period. The wine industry valued at $50.4 billion in 2018 and is estimated to reach $65.1 billion in 2025. Alcoholic beverages are among the most traded sectors in the European Union. 

The global wine market is estimated to grow at a CAGR of 3.7% during the forecast period. The wine industry valued at $157.6 billion in 2018 and is estimated to reach $201.2 billion in 2025. Health benefits and premiumization of wine products along with innovation in flavor and more advanced distribution networks across the globe are the major factors that drive the growth of the global wine market.

LAMEA wine market is estimated to grow at a CAGR of 3.5% during the forecast period. In 2018, the market in LAMEA was valued at $17.3 billion and is further estimated to reach $21.9 billion in 2025. 

The North American wine market is estimated to grow at a CAGR of 3.2% during the forecast period. The wine industry valued at $47.3 billion in 2018 and is estimated to reach $58.5 billion in 2025.

The UK wine market is estimated to grow at a CAGR of more than 3% during the forecast period. UK is one of the major economies in Europe. The country has a population base of 66 million and around 82% of the population is above 15 years. 

The United States wine market is estimated to grow at a CAGR of around 3% during the forecast period. Health benefits and premiumization of wine products along with innovation in flavor and more advanced distribution networks across the globe are the major factors that drive the growth of US wine industry. 

The global probiotics market is anticipated to grow at a CAGR of 7.1% during the forecast period. The growing demand for functional food along with the nutrition health benefit offered by probiotics is anticipated to drive the growth of the market. 

The global food authenticity market is anticipated to grow at a significant CAGR of 9.4% during the forecast period. The market growth is attributed to the increasing strict government regulations regarding food fraud, increasing Economically Motivated Adulterations (EMA) owing to increasing competition among food producers, and increasing food fraud such as false labeling, certification, and adulteration. Manufacturers have been forced to invest in modern food testing methods due to rising demand for clean-label products and a move toward organic food consumption. Owing to the high prevalence of economically motivated adulterations (EMA), governments are being forced to establish rigorous restrictions on food testing and authenticity determination, propelling the business to a multibillion-dollar valuation. 

Food processing is a revolutionary process of converting agricultural products into eatable food or a process of converting one form of food into another form. Food processing involves several processes, ranging from grinding grain to cooking, producing, and storing. Moreover, food processing plays a vital role in preserving freshness, flavor, look, and consistency of processed foods.

A blood meal is a dry, inert powder made from the blood, which is used as high protein feed for animals and as a fertilizer. It ensures nutritious and safe feed for animals. Blood is a perishable product; therefore, it is processed and collected throughout the slaughtering of pigs, cattle, chicken, and others. 

A carbonated soft drink with quinine dissolved in it is referred to as tonic water. Quinine is a bitter compound extracted from the cinchona tree's bark and usually used as a prophylactic against malaria. Moreover, tonic water generally has a significant amount of quinine content and is consumed due to its distinctive bitter taste. 

Chilled & deli foods are a set of ready-to-eat, easy to consume food items that can be stored for a long time in freezers or refrigerators for future use. Increasing demand for convenience food products, hectic lifestyles, and upswing in the living standards are a major factor which is contributing to the growth of the chilled & deli foods market.

The global alcoholic beverages market is expanding at a significant growth rate over the forecast period. Most of the cultures around the globe have consumed various types of alcoholic beverages from older time onwards. However, majority of the alcoholic beverages went for the local specialty alcoholic beverages than the commodities produced on large scale. 

The global dairy processing equipment market is anticipated to grow at a CAGR of around 5.3% during the forecast period. The factors contributing to the growth of the market include the rising consumption of milk and dairy-based products and increasing automation in the dairy processing industries. 

Kombucha Market is expected to grow at a considerable rate during the forecast period 2019-2025. Kombucha is a beverage which is made of tea, sugar, bacteria, and yeast. The drink has numerous health benefits for heart, brain and gut. The drink is created by the use of fermentation process.

Brown sugar also known as soft sugar is a white granulated sugar combined with molasses of pure cane. Common brown sugar is made from cane or beet sugar. The amount of molasses determines the sugar shade such as light or dark brown. Brown sugar is a sugar variant that contains some molasses. Molasses are completely removed in conventional white sugar. Brown sugar is considered much healthier than white sugar.

Non-sugar sweeteners are the sugar substitutes which can be added in food and soft drinks that do not affect the health, as in the case of sugar. Non-sugar sweeteners market is significantly growing as non-sugar sweeteners are healthy as they contain low calories, low fructose and taste sweet as compared to sugar. 

The global market for tea and tea-based beverages is projected to have a conf considerable CAGR of around 5.5% during the forecast period. Tea and Tea Based Beverages are aromatic beverages that are mainly prepared by infusing the leaves of camellia Sinensis. Tea is one of the oldest beverages that is made by soaking dried tea leaves in water. 

the global dairy alternatives market is experiencing a significant market growth due to rising trends towards vegan diet, and rising cases of milk allergies and lactose intolerance.

Food contract manufacturing market is anticipated to grow at a CAGR of 9.2% during the forecast period (2024-2031). The food contract manufacturing industry includes companies that provide specialized services to food producers, brands, and retailers. These services consist of food processing, packaging, labeling, and occasionally distribution, enabling clients to subcontract these operations instead of handling them internally. The pivotal factors driving market growth include the growing focus of businesses on core activities, the rapid expansion of businesses in diverse geographic areas, regulatory compliances and requirements, and the extension of e-commerce and D2C (direct-to-consumer) model-based food brands.

Confectionery are food item which are rich in sugar and carbohydrates. Confectionery food is divided into two broad categories including bakers’ confections and sugar confections. The bakers’ confections mainly include sweet pastries, cakes, and similar baked goods. Sugar confectionery includes candied nuts, chocolates, chewing gum, pastilles, and other primarily sugar-based confections. 

The Global Food Authenticity Market is expected to grow modestly at a CAGR of 8.1 % during the forecast period (2017-2022). It is a process of testing food in laboratories for authentication and usage preference is known as food authenticity. Food & beverage products, such as edible oils, beer, fruit juices, and wine, can be tested for the detection of purity through advanced techniques and instrumentation.

The Probiotics Market is expected to grow at a CAGR of 7.1% during the forecast period (2017-2022). The global probiotics market has been driven by many pivotal factors such as the increasing consumption of the probiotics product in the food and beverages industries, ability to treat the gut related disorders, rising health concern of the people and so forth.

Global beer market is expected to grow at a CAGR of 2.7% during the forecast period (2018-2023). Beer is the most widely consumed alcoholic beverage across the globe. The beer market is growing significantly due to growing youth population and rising popularity of beer among them. Growing market for craft beer and availability of low alcohol beer are also motivating the market.