The Asia-Pacific distilled spirits market is estimated to grow at a CAGR of 3.8% during the forecast period. The Asia-Pacific distilled spirits industry valued at $138.3 billion in 2018 and is estimated to reach $178.3 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well […]
Category Archives: Food & Beverages
Asia-Pacific beer market is estimated to grow at a CAGR of 3.2% during the forecast period. In 2018, the market in Asia-Pacific was valued at $150.7 billion in 2018 and is estimated to reach $186.0 billion in 2025. The factors contributing to the market growth include increasing demand for beer in emerging economies such as […]
The global bakery premixes market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. Rising health consciousness among people is one of the major factors driving the demand for gluten free products including bakery premixes. Gluten-free Bakery Premix are applied to a number of food products such as breads muffins, […]
The United States wine market is estimated to grow at a CAGR of around 3% during the forecast period. Health benefits and premiumization of wine products along with innovation in flavor and more advanced distribution networks across the globe are the major factors that drive the growth of US wine industry. The wine contains antioxidants […]
The UK wine market is estimated to grow at a CAGR of more than 3% during the forecast period. UK is one of the major economies in Europe. The country has a population base of 66 million and around 82% of the population is above 15 years. As per WHO, alcohol consumption per capita has […]
The global plant based butter market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2022-2028). Increasing awareness regarding animal cruelty and its unfavorable environmental effect is expected to support industry growth as well as market growth over the forecast period. Major reason behind the increasing adoption of plant-based alternatives is social […]
The global energy bar market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2022-2028). Increasing innovation and demand for different flavors and textures in healthy snack options is likely to come up as a prospective driver for the growth of the global energy bar market. People are increasingly looking for good […]
The global citrus extract market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2022-2028). New product launches with innovative flavors coupled with consumers’ inclination towards health and wellness are some major factors driving the growth of citrus extract. Citrus-based flavors are increasingly becoming top consumer taste preferences and are driving market-leading […]
The global rice syrup market is anticipated to grow at a considerable CAGR of 4.4% during the forecast period (2022-2028). The increasing use of syrups in day-to-day life with breakfasts and other meals is increasing the demand of rice syrup. Consumer in emerging economies are investing high amount on organic food products with less or no sugar […]
The global processed seafood market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period (2022-2028). Convenience, affordability, high nutritional value, and others benefits associated with processed seafoods make them more demand by consumer aiming healthy life. Moreover, Integration of advanced seafood processing technologies such as cryogenic freezing technology which uses carboxymethylcellulose, an […]