The wine bottle closure market is projected to grow at a CAGR of 6.43% to reach US$4.642 billion by 2025, from US$3.194 billion in 2019. Increasing consumption of wine among the women population due to its health benefits and its popularity The consumption and popularity of wine are rising among the population, particularly more in the women individuals as compared to men as wine is able to help them able to relax and relieve them from anxiety and stress as they are involved in rigoro Read more...
The global energy drink market is projected to grow at a CAGR of 4.05% to reach US$25.067 billion by 2025, from US$19.754 billion in 2019. The rising number of athletes and sportsperson involved in high-octane sports are consuming energy drinks fortified with proteins and other recovery ingredients. The individuals involved in high-octane sports activities need a quick replenishment of their energy levels in order to maintain their strength and muscles and to boost the diminished energy Read more...
The global tea market is estimated to grow at a CAGR of 5.22% from a market size of USD55.225 billion in 2019 to a market size of USD74.937 billion by 2025.Tea is the most widely consumed non-alcoholic beverage in the world. The market is projected to grow at a significant rate due to the prevalent tea culture in some parts of the world, including China and India. Tea is known to originate from China and has gained popularity in the last 2000 years, it is still an important beverage in Chines Read more...
The tea extract market is projected to grow at a CAGR of 6.63% increasing from a market size of USD3,286.075 million in 2019 to a market size of USD4,830.076 million by the end of 2025. Tea is the most common beverage consumed worldwide, hence, with known health benefits of tea, the market for tea extracts is propelled to grow at a significant pace in the forecast period. Tea is also proven to be beneficial in the prevention of deadly diseases like cancer and cardiovascular diseases. Als Read more...
The global dairy alternative market is expected to grow at a CAGR of 14.17% over the forecast period to reach a total market size of US$39.991 billion by 2025, increasing from US$18.057 billion in 2019. Growing consumer preference for a vegan diet coupled with the rising cases of lactose intolerance is expected to drive the growth of the market during the forecast period. However, the availability of substitute coupled with the raw material price volatility is anticipated to restrain the Read more...
The UHT milk market is projected to grow at a CAGR of 5.20% between the 2018-2024 period. It is a variety of milk which is thermally processed at or above 280° F for at least 2 seconds to pasteurize it. This process can be applied both before and after its packaging. The increasing demand for food and beverages without the use of chemicals and preservatives is going to drive the market for UHT milk around the globe during the forecast period. Furthermore, increasing dairy consumption aroun Read more...
The global beverage market is evaluated at US$1,544.610 billion for the year 2018 and is projected to grow at a CAGR of 3.10% to reach the market size of US$1,854.589 billion by the year 2024. The market is projected to grow at a decent rate during the forecast period owing to the growing per capita global consumption of drinks in major developing regions owing to rising disposable income and changing preferences of consumers towards ready to drink beverages. Moreover, growing focus by key mar Read more...
Milk Replacers are fed to the infant animals in order to supply the necessary nutrients, to ensure proper growth and development of the infant. They contain additional micronutrients such as vitamins and minerals. They are easy to digest, sterile and easy to feed formula. They are made from by-products of dairy Industry. The liquid milk replacers market is expected to have significant market growth due to rising consumption of dairy products and greater adoption of precision nutrition techniques Read more...
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% during the forecast period. Soy milk refers to the plant-based milk produced from Soy Beans, it has various nutritional benefits. Soy Milk is low in cholesterol and is also free from lactose, it is a great alternative to dairy-based Read more...
Rice syrup market is projected to grow at a CAGR of 6.13% during the forecast period, reaching the total market size of US$1,081.161 million in 2024 from US$756.488 million in 2018. 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, r Read more...
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