The global beverage market is evaluated at US$1544.610 for the year 2018 and is projected to grow at a CAGR of 3.10% to reach the market size of US$1854.589 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 market players 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 products especially for people who are lactose intolerant. According to the National Library of Medicine (NLM), approximately 65 percent of the human 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. 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), approximately 65 percent of th 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 be of worth US$1,694.667 million in 2024. Oat milk is made from steel cut or rolled oats that are soaked, blended and strained to get a thick and creamy liquid. Oat milk is a type of plant-based milk that has become popular in the past few years as people are increasingly looking out for alternatives to cow milk. Rising prevalence of lactose intolerance couple with growing health concerns is expected to drive the growth of the oat milk market during the foreca Read more...
The beverage processing equipment market is projected to grow at a CAGR of XX.XX% to reach US$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 percen Read more...
The rice milk market is projected to witness a compound annual growth rate (CAGR) of 17.17% during the forecast period to reach a total market size of US$2,619.954 million by 2024, increasing from US$1,012.838 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 carbohydrat Read more...
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