Food & Beverages Industry Highlights

The global  nonalcoholic beverage market  is expected to reach USD 1.60 trillion by 2025, according to a new report by Grand View Research, Inc. Rising societal awareness toward serious health problems is acting as the biggest driver for nonalcoholic beverage market. The industry is reshaping itself by changing the orientation from carbonated soft drinks to non-nutritive low-calorie beverages. Various studies and research have proved that obesity is linked to higher consumption of CSDs. This has led to the development of calorie-free or low-calorie drinks, such as functional beverages, bottled water, and fruit beverages. Childhood obesity rate for the age groups of 2-5 and 12-19, has doubled in past 30 years in the U.S. The government is also trying to reduce the sales and consumption of drinks made from nutritive sweeteners by imposing sugar taxes. Stringent government regulations for labeling, listing the ingredients used, etc. in developed countries are expected to ...

The global  kombucha market  is expected to reach USD 4.46 billion by 2024, according to a new report by Grand View Research, Inc. Increasing awareness of the health benefits associated with consuming probiotic drinks is projected to boost market demand over the forecast period. Kombucha helps to control liver cell toxicity and aids in detoxification, digestion, and weight loss.  It also improves immunity and acts like an energy drink. Some of the drivers influencing the market growth are the ease of manufacturing and rising demand for probiotic beverages. Growing disposable income and the trend of maintaining a healthy diet intake has led to increasing demand for natural and organic beverages. North America occupied the largest market share in 2015 on account of a vast number of brewers operating in this region. Companies such as Buchi Kombucha, GT’s Kombucha, Celestial Seasonings, and KeVita, Inc. have adopted expansion strategies to increase their presence in...

The global  craft spirits market  is expected to reach USD 80.43 billion by 2025, according to a new report by Grand View Research, Inc. The demand for craft spirits is mainly driven by consumers growing a preference for premium and authentic drinks with unique tastes. People born between 1980s and early 2000s have accounted for the largest share of consumers in the industry. A major share of the millennial population has just reached the Legal Drinking Age (LDA), while the other section comprises employed consumers with significantly higher purchasing power. The millennial population segment has fueled significant demand, owing to their preference for unconventional and experimental alcoholic beverages. Whiskey was the most consumed variety of the craft spirits, followed by gin, vodka, and rum. Gin has gained wide consumer acceptance owing to its unique taste and flavor developed by juniper berries. The craft distillers focus on the use of different spices, fruits, herb...

The global  canned seafood market  is expected to reach USD 27.8 billion by 2025, growing at a CAGR of 3.2% according to a new report by Grand View Research, Inc. The industry is anticipated to grow on account of rising demand for processed food due to ease of consumption. The health benefits offered by canned sea food such as essential nutrients added during canning process including vitamin B12, D and A leading to the metabolism improvement, is expected to drive growth over next eight years. In addition, high demand for the ready to eat seafood is expected to translate into an increased product consumption. The product offers health benefits including improvement eye sight, reduced risk of depression, increased immunity. In addition, the calcium content provided by this product helps in increasing bone strength thereby driving the demand for such products. Use of sustainable fish farming techniques is expected to result in an increased yield, leading to abundance of ra...

The global  functional ingredients market  is expected to be valued at USD 96.1 billion by 2026, growing at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The globally increasing consumption of healthy convenience foods has been a major factor driving the market for the last few years. The growing health consciousness along with the rapidly expanding pharmaceutical industry in Asia Pacific have also led to the increased utilization of functional ingredients. Growing health concerns and increasing health issues such as diabetes, obesity, and digestive disorders are the major factors expected to propel the regional market over the forecast period. The introduction of innovative products and investments made by major producers have resulted in a considerable demand for functional ingredients in food & beverages industry. Moreover, shifting consumer preferences for premium personal care products based on natural and herbal ingredients are esti...