Gummy vitamins market revenue is expected to CAGR 8.5% rise in the forecasted period due to high demand and high interest in dietary enhancement products. At the moment, health-conscious consumers are looking for nourishing food sources and products with essential wellbeing fixings to prevent potential illnesses and further develop physical and mental prosperity.
3D food printing is an additive manufacturing technology that provides 3D effect to food. The technology is still in its development stage with key players investing considerable efforts to commercialize there products in the global market. 3D food printing technology is expected to emerge as promising segment of the overall 3D printing market owing to rising interest from commercial sector. Capability of producing customized and nutritional food is one of the major factors influencing the overall 3D food printing market positively.
Gellan gum is a basically a polysaccharide, which has high molecular weight and is produced by fermentation. Gellan gum is commercially used for cosmetic, food, pharmaceutical and non-food products in various countries such as China, U.S., Canada, Japan, European Union and others. Gellan gum is finds application in wide hygiene and cosmetics products including lotion, face masks, creams, face masks and others.
The rising popularity of on-the-go breakfast has impelled the demand for cereal bars across the world. The cereal bar comprises of oats, nuts, honey, wheat, dry fruits, puffed rice and corn that can be consumed as an alternative to chocolate and other related snacks. Rising popularity of healthy foods has fuelled the growth of cereal bars all over the world.
Diabetic food or diet is generally recommended for people with high blood glucose content in the body. Rising awareness over diabetes along with preventive measures is expected to fuel the growth of diabetic food market over the period 2023-2031. It has been notified that with the change in lifestyle and hectic work schedule, consumers are demanding for junk food as well as lack of exercise or any other physical activity is ultimately leading to diabetes which in turn is expected to create more demand for diabetic food all over the world.
Dehydration is generally a process in which water content as well as the moisture is removed from food. Dehydration basically helps in preservation of food for longer duration. It is suitable to preserve seasonal vegetables and fruits. Dehydrated food provides significant nutritional value as well as easy storage with economic price.
Yogurt is generally a dairy product and is procured from bacterial fermentation of milk. Over the past few years, non-GMO products have been highlighted in mainstream and are generally sold in supermarkets. The utilization of non GMO has reached around 11% on food and beverages for past four years.
Obesity is one of the grave concerns which the whole world is facing today. Rising obese population along with increasing diabetic people has stimulated the demand for low calorie foods all over the world. Rising health benefits and awareness regarding intake and popularity of such foods has intensified the demand for low calorie food market.
It is basically non-volatile oil extracted from the seeds of sunflower and majorly utilized in food for frying food items as well as in cosmetic formations as an emollient. Russia, Ukraine and Argentina are the top producers of sunflower oil. The rising benefits related to consumption of sunflower oil have boosted its demand over the past few years. It helps in keep the food fresh as well as healthier for longer duration of time.
Yogurt is basically a dairy based product. It is generally procured from bacterial fermentation of milk. The yogurt is significantly nutritious and an outstanding source of calcium, potassium and protein. Yogurt is relatively low in calories and has wide minerals and vitamins included in it. It is generally a refined milk product that is sourced and solidified by the specific lactic acid producing cultures included in milk. Rising benefits of consuming yogurt is anticipated to expand the growth of fat free yogurt market during the forecast period.
The food industry is projected to bring in $9.45 trillion in revenue by the year 2023. There is an expectation that the market will grow by 6.5% annually (CAGR 2023-2030). In 2023, the market volume that will be generated by the sector comprising confectionery and snacks will be the highest. It is expected that the volume of the food market will exceed 3,500 billion kg by the year 2030. It is currently anticipated that the average volume consumed by an individual in the Food market will reach 340 kg.
The demand for products with clean labels is skyrocketing due to a massive surge in information about healthy eating. Clean labels exclude additives, artificial flavor enhancers, fake colors, and artificial preservatives. In addition, a number of food service and grocery store networks post lists of forbidden ingredients for foods served in their restaurants or stores. Many producers and manufacturers are also increasing their use of natural ingredients and minimizing their reliance on artificial colors and flavors. Growing demand for functional beverages is another significant trend, with many individuals opting for particular beverages to stay hydrated and maintain nutritional balance. To capitalize on this market, businesses are introducing functional juices and water with health benefits including water balance, weight management, and improved digestion.
The food industry is a diversified collection of companies operating on a global scale that work together to provide the majority of the food that is consumed by the human population. The food business has evolved into a very varied sector, with manufacturing ranging from extremely labor-intensive, small-scale, traditional, family-run operations to highly capital-intensive, highly mechanized, large-scale industrial procedures. A great number of food-related businesses are nearly wholly reliant on the agriculture, animal farms, produce, and/or fishing of their immediate geographic area.
Food product and ingredient businesses have relied on Acute Market Reports as their go-to source for market research and consulting services. We analyze the global market by doing an in-depth analysis of micro and macro factors impacting the market, and future prospects of every micro market. We have spent over a decade perfecting a data-driven, analytical, and user-friendly approach to adopting an innovative and futuristic research model to better assist our global clientele in making informed business decisions.
