The soy milk market is estimated to grow to US$5.011 billion in 2024 from US$3.761 billion in 2018 at a CAGR of 4.90%. Soy Milk refers to the plant-based milk produced from Soy Beans, it has various nutritional benefits. Furthermore, Soy Milk is low in cholesterol and is also free from lactose, it is a great alternative to dairy-based products especially for people who are lactose intolerant. According to the National Library of Medicine (NLM), approximately 65 percent of the human popul Read more...
Rice Syrup is a sweetener which is produced by continuous cooking of rice starch with enzymes. Rising demand for natural products is expected to be a key driver for rice syrups market. Further, budding food and beverage industry is expected to add on to the demand for rice syrups in the coming years. furthermore, rising health consciousness among the population is anticipated to boost the market for rice syrups in the near future. Additionally, changing lifestyle along with rapid urbanization is Read more...
The cashew milk market is anticipated to grow at a CAGR of 18.18% to reach US$267.997 million in 2024 from US$98.352 million in 2018. Cashew Milk refers to the plant-based milk produced from cashews, it has various nutritional benefits. Furthermore, Cashew Milk has no cholesterol and is also free from casein as well as lactose, it is a great alternative to dairy-based products especially for people who are lactose intolerant. According to the National Library of Medicine (NLM), approxima Read more...
Global packaged beverage market is expected to grow at a compound annual growth rate of 2.40% over the period 2019 to 2024 to reach a market size of US$231.996 billion by 2024 from US$201.237 billion in 2018. The rising worldwide prevalence of eating ready to eat or Packaged products is expected to be a major driver of the global Packaged beverages market. Further, the rising disposable income in various regions along with the hectic work-life schedule is anticipated to fuel the market in the Read more...
The oat milk market is projected to grow at a CAGR of 82.35% over the forecast period to grow from US$46.092 million in 2018 to US$1,694.667 million in 2024.. Oat Milk is made from steel cut or rolled oats that are soaked, blended and strained to get a thick and creamy liquid. Oat milk is a type of plant-based milk that has become popular in the past few years as people are increasingly looking out for alternatives to cow milk. Rising prevalence of lactose intolerance couple with growing heal Read more...
The beverage processing equipment market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from US$XX.XX billion in 2018. The purpose of beverage processing is to manufacture such a product which meets the desired shelf life and reduces the risk of microbial damage by chemically treating the beverage and the package. The increase in income and standard of living has led to increase in consumption of consumer goods which includes beverages which will further drive dema Read more...
The Almond milk market is projected to grow at a CAGR of 9.75% to reach US$ 6.536 billion by 2024 from US$ 3.740 billion in 2018. Almond milk refers to the plant-based milk produced from almonds, it has various nutritional benefits. Furthermore, almond milk has no cholesterol and is also free from casein as well as lactose, it is a great alternative to dairy-based products especially for people who are lactose intolerant. According to the National Library of Medicine (NLM), approximately 65 p Read more...
The Rice milk market is predicted to witness a compound annual growth rate of 17.16% during the forecast period to reach a total market size of US$2619.954 million by 2024, increasing from US$1012.838 million in 2018. Rice milk is grain milk made by processing rice and is recommended for people who are lactose intolerant and vegan. Rice milk market is particularly targeted towards the lactose-free population. It is one of the best alternatives of dairy milk and contains most carbohydrates com Read more...
The coconut milk market is projected to grow at a CAGR of 10.31% to reach US$837.006 million by 2024, from US$464.472 million in 2018. Coconut milk comes from the grated pulp of a mature coconut. The shift in consumer dietary pattern and the growing vegan population is expected to drive the growth of the market during the forecast period. In addition, rising consumer health consciousness and increasing environmental and ethical concerns the demand for coconut milk is expected to increase in t Read more...
The plant-based beverages market is projected to grow at a CAGR of 4.91% to reach US$12.105 billion by 2024, from US$9.080 billion in 2018. The growing shift towards plant-based products from animal-based products is a major factor driving the plant-based beverage market. Further, the rapidly expanding beverage industry and increasing consumer preference towards vegan foods are boosting the market growth. Moreover, nutritional benefits associated with the plant-based beverages coupled with in Read more...
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