Food and Beverages

The fermenters market is estimated at USD 1.13 billion in 2018 and is projected to reach USD 1.69 billion by 2023, growing at a CAGR of 8.4% during the forecast period.

The growth of the pulse ingredients market is driven by the increasing demand for convenience foods in the food industry. The rise in demand from applications such as snack foods and extruded food products such as pasta and noodles and the rising consumer preferences for gluten-free products are factors driving the demand for pulse ingredients.

The algae products market is estimated to be USD 3.98 Billion in 2018 and is projected to reach a value of USD 5.17 Billion by 2023, at a CAGR of 5.4%. The market is driven by factors such as rising health concerns (which include obesity and diabetes) due to consumption of high-calorie products.

The global meat substitutes market was projected to account for USD 1.6 billion in 2019 and is anticipated to reach USD 3.5 billion by 2026, recording a CAGR of 12.0% during the forecast period.

The global plant extracts market is projected to grow from USD 30.8 billion in 2021 to USD 55.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026. With the growing health awareness, the increasing prevalence of chronic diseases, and the need for nutrition enhancements among consumers, plant extracts find applications in various end-user industrial applications.

The market for beverage packaging is estimated at USD 148.1 billion in 2021; it is projected to grow at a CAGR of 5.0% to reach USD 189.0 billion by 2026. The rise in demand for sustainable products and awareness regarding the environment coupled with increasing demand for convenient packaging will drive the market demand and growth of beverage packaging globally.

Frozen Bakery Products Market is expected to reach $29.5 billion by 2026, growing at a CAGR of 5.8% from 2021 to 2026.

The market for Food anti-caking agents is estimated at USD 822 million in 2020; it is projected to grow at a CAGR of 5.5% to reach USD 1,074 million by 2025. The food anti-caking agents market is driven by its usage in a wide range of applications, need for varied functionalities in diverse range of food products, concern toward food safety and hygiene in manufacturing practices, and demand for food products with better quality and enhanced shelf life.

Meat Substitutes Market has a significant scope for growth and is anticipated to reach USD 4.0 billion by 2027, recording a CAGR of 13.5%. Impact of COVID-19 on Meat Substitutes Market.

The collagen market is estimated to account for nearly USD 3.5 billion in 2018 and is projected to reach a value of nearly USD 4.6 billion by 2023, growing at a CAGR of 5.2% from 2018. This is due to the increasing use of collagen and collagen proteins in the medical and pharmaceutical industries.

Industrial enzymes market is estimated to be valued at USD 5.9 billion in 2020 and is projected to reach USD 8.7 billion by 2026, recording a CAGR of 6.5%, in terms of value.

The UHT processing market is estimated to reach USD 3.5 billion in 2020 and is projected to account for USD 6.7 billion by 2025, recording a CAGR of 13.5% during the forecast period.

The food emulsifiers market is projected to reach US$4.0 billion by 2025. Gain Deeper Dive on a Specific Application, Geography, Customer or Competitors.

The global food stabilizers (blends & systems) market is estimated to be valued at USD 2.3 billion in 2018 and is projected to reach USD 2.8 billion by 2023, at a CAGR of 4.0% during the forecast period. The key drivers for the market’s growth are the increase in consumption of processed food, the multi-functionality of food stabilizers, and the growth in the use of natural ingredients in foods owing to the rise in consumer awareness about healthy diet.

The growth of this market is projected to be driven by the increasing food safety regulations In the view of gaining the trust of target consumers for different types of food products in terms of quality, food safety certification plays an important role. Food safety certification conveys to consumers, marketplace, employees, and key stakeholders that a food sector business has successfully met the requirements of a national or internationally recognized best practice approach.

The global Vitamin B3 size is estimated to be valued USD 330 million in 2020 and is expected to reach a value of USD 373 million by 2025, growing at a CAGR of 2.5% during the forecast period. Factors such as the rise in production of vitamin blends for compound feed, and the increase in the importance of vitamin-rich diets among consumers across the globe opened new avenues for Vitamin B3.

The automated feeding systems market is estimated to account for about USD 5.1 billion in 2018 and is projected to reach a value of about USD 7.4 billion by 2023, at a CAGR of 7.6%. The growing size of dairy farms, the increasing focus of major companies on technological advancements as well as product launches and developments, and substantial cost savings associated with automated feeding systems are the major driving factors for the market.

The global specialty food ingredients market size is estimated to be valued at USD 134.7 billion in 2020 and projected to reach USD 178.3 billion by 2025, recording a CAGR of 5.7% during the forecast period. The market is strongly driven by shifting consumer preferences, rising health awareness, growing millenial population, and increase in supplementary income among consumers.

The shelf-life testing market is estimated to be valued at USD 3.39 billion in 2018 and is projected to reach USD 4.76 billion by 2023, at a CAGR of 7.0%. The market is driven by stringent safety regulations for food products, increase in the outbreak of foodborne illnesses, and growing demand for packaged and convenience foods.

Bakery Premixes Market Overview, Size, Share & Competitive Insights. Get Bakery Premixes Market Insights on Statistical Forecasting, Market Demand & Application Analysis.

The global sucrose esters market size is projected to grow from USD 76 million in 2019 to USD 106 million by 2025, recording a compound annual growth rate (CAGR) of 5.7% during the forecast period. The increasing trend of spending on consuming convenience food products in developing countries and multifunctional properties of sucrose esters are factors that are projected to drive the growth of the sucrose esters market.

The calcium propionate market is estimated at USD 277.1 million in 2018 and is projected to reach a value of USD 363.3 million by 2023, at a CAGR of 5.6%. The growth of the calcium propionate market is driven by factors such as growth in demand for bakery products with extended shelf life and cost advantages provided by calcium propionate over other preservatives, which contribute to increased demand and adoption rate.

According to MarketsandMarkets, the bakery processing equipment market is estimated to account for nearly USD 8.9 billion in 2020 and is projected to grow at a CAGR of 5.0%, to reach nearly USD 11.4 billion by 2025.

The global functional food ingredients market is projected to reach USD 137.1 billion by 2026, from USD 98.9 billion in 2021, at a CAGR of 6.8% during the forecast period. Functional food ingredients are used to enhance certain physiological functions such as improve gastrointestinal health, reduce cholesterol levels, prevent dental caries, and improve bone & and gut health to prevent or cure various diseases.

The sugar decorations & inclusions market is projected to grow from USD 1.5 billion in 2020 to USD 2.1 billion by 2025, recording a compound annual growth rate (CAGR) of 6.3% during the forecast period.