Food & Beverages Industry Highlights

The global  protein ingredients market  is expected to reach USD 48.77 billion by 2025, according to a new report by Grand View Research, Inc. The industry is driven by the growing use of these products in novel applications and technological advancements. In addition, increasing market acceptance, especially in dietary supplements and functional foods, is expected to drive product demand over the next nine years.  Rapid growth in the food & beverage industry, primarily in Asia Pacific countries including India, China, Malaysia and Indonesia, is anticipated to boost demand for plant & animal proteins over the projected period. Growing domestic demand for foods & beverages in emerging countries of BRICS is anticipated to have a positive impact on the global food & beverage industry, thereby driving the product demand.   In terms of revenue, animal type was the largest segment, accounting for 72.3% of the global industry share in 2016. One ...

The global  beverage cans market   size is expected to reach USD 60.92 billion by 2024, according to a new report by Grand View Research, Inc. owing to increasing demand for compact beverage packaging solutions. Increasing demand for energy drinks and canned cold coffee and iced tea in Europe and Latin America is expected to drive growth over the forecast period. Increasing consumption of canned beverages in major sports tournaments such as Major League Baseball, Barclays Premier League and La Liga owing to increased convenience in handling the beverage is expected to propel the demand for beverage cans over the forecast period. Increasing demand for carbonated soft drinks and other flavored soda drinks in North America is expected to positively influence the demand for metal cans over the forecast period. In addition, the growth is expected to be driven by extensive promotional programs undertaken by soft drink manufacturers such as Coca-Cola is expected to have a posit...

The global  citric acid market  is expected to reach USD 3.83 billion by 2025, growing at a CAGR 4.9%, according to a new report by Grand View Research, Inc. Increasing demand for the product as an acidulant in food & beverages application is expected to be a major factor driving the market. The market is highly competitive in nature with companies increasing their production capacities to serve the growing demand. The companies compete on the basis of product superiority, manufacturing technologies, and adherence to regulations pertaining to citric acid products in an attempt to increase their revenue. The industry is marked by the presence of major participants focusing on R&D activities to come up with application-specific citric acid products. These well-established players account for a relatively larger share of the annual production of citric acid and have a competitive edge over the smaller players as they have a prevailing goodwill in the market. Th...

The global  organic rice protein market   is expected to reach USD 154.4 million by 2024, according to a new report by Grand View Research, Inc. Superior functional properties coupled with increasing shift towards non-GMO and vegan food ingredients is expected to propel the demand over the forecast period. The product is hypoallergenic and generally consists of no added colors, sweeteners or fillers which increases its nutritional value. In addition, organic rice protein contains a high level of amino acid content which is very beneficial for building muscles. Intake of dietary protein along with organic rice protein helps in burning fat through its thermic effect and reduces blood sugar level thereby facilitating weight loss. Companies including Axiom Foods, and Nutribiotics have been involved in extensive R&D in order to develop hexane free organic rice protein thereby facilitating development. Full Research Report On Global Organic Rice Protein Market By Grand V...

The global  packaged water market  is anticipated to reach USD 470.0 billion by 2025, according to a new report by Grand View Research, Inc. increasing health awareness, and rising disposable income are the key factors that are driving the market growth.  The increasing health awareness is driving people to add nutrition in their diet. Factors such as poor quality of tap water, risk of water borne diseases, and ease of availability of packaged water has increased the demand for packaged water. Companies have positioned and advertised packaged water as pure and healthy option; therefore, fueling market growth. In addition, the launch of new products such as flavored water and functional water has increased the urge of customers to prefer such drinks than carbonated drinks. Flavored water and functional water contain certain amount of nutrients that help people intake more fluids. Consumption of bottled water has increased over the last decade as US sales of carbonat...

The global  ice cream market  is anticipated to reach USD 78.8 billion by 2025, growing at a CAGR 4.1%, according to a new report by Grand View Research, Inc. The growing demand for premium products especially in developed regions such as North America and Europe is expected to drive the ice creams sales in these regions. The major growth is expected to come from developing regions such as Asia Pacific, Latin America and MEA. Countries such as India and China have a large consumer base which is expected to drive the sales in terms of both volume and value. However, growing number of health-conscious consumers is expected to limit the market growth over the forecast period. The demand for lactose free is also expected to contribute to the market growth during the forecast period. The increase in demand for lactose-free ice creams is driven by increase in cases of food intolerances and allergies. Thus, the consumers having lactose intolerance pick lactose-free ice creams....

The global  chocolate confectionary market  is anticipated to reach USD 154.5 billion by 2025, according to a new report by Grand View Research, Inc. Recent approvals of factor concentrate by regulatory bodies, favorable government initiatives and mandates, and rising adoption of prophylaxis treatment are the key factors that are driving the market growth. The Chocolate Confectionary market growth is anticipated to increase due to favorable impact of advertising. Chocolate confectionery manufacturing companies conduct several marketing & promotional activities to increase the outreach of their products amongst their targeted end user segments. In addition, appealing packaging of products, innovative branding activities and promotional events increase the demand for chocolates amongst consumers. Gift packages with chocolates, products targeting holiday and festival seasons, “healthy snack sized” products are very popular amongst parents and children who constitute a maj...

Global  food additives market  is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light of abundant farmland for oilseeds and soy is expected to be a favorable factor for market growth in the near future. Flavorants & enhancers were the largest application segments, accounting for over 30% of global food additives market revenue in 2014. Increasing consumer awareness towards consumption of low salt and sugar free products is exp...