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Rising Adoption of Veterinary Telehealth likely to drive the US Pet Market

Date: 13, May 2021 | Category: Food & Beverage

The US pet market is anticipated to reach US$127.87 billion in 2025, experiencing growth at a CAGR of 3.50% during the period spanning from 2021 to 2025. The market growth was driven by various factors such as rise in millennial population, growing adoption of e-commerce in pet care products and increasing share of single-person households. Furthermore, growth in the US pet market is expected t ..

Inclining Pet Ownership to Drive Global Pet Food Market

Date: 1, May 2021 | Category: Food & Beverage

The global pet food market value is forecasted to reach US$118.83 billion in 2025, growing at a CAGR of 5.4%, for the period spanning from 2021 to 2025. 

Factors such as inclining pet ownership, rapid urbanization, improving consumer confidence index, pet humanization and growing popularity of raw pet food are expected to drive the market growth. However, growth of the industry would ..

Participation of Female Population in Workforce Supported the Infant Formula Market

Date: 1, March 2021 | Category: Food & Beverage

The global infant formula market is anticipated to grow at a CAGR of 8% during the period spanning 2021-2025. The market in 2025 is predicted to be valued at US$93.33 billion. Factors that supported growth in the global infant formula market are increasing female participation in workforce, growth in middle class population and rise in e-commerce sales. The market growth is expected to be hinde ..

Demand for Plant-based Protein to Support Global Sports Nutrition Market

Date: 16, February 2021 | Category: Food & Beverage

The global sports nutrition market is anticipated to grow at a CAGR of 15.01% during the period spanning from 2021 to 2025, and is expected to be valued at US$51.01 billion in 2025. The growth in the global sports nutrition market has been driven by various factors like rise in global youth population, increasing prevalence of obesity and growing demand for health & fitness clubs. The marke ..

Rise in Consumption of Meat Products to Support the Global Casing Market

Date: 9, January 2021 | Category: Food & Beverage

The global casing market is expected to record a value of US$5.90 billion in 2024, increasing at a CAGR of 2.48%, for the time period of 2020-2024. The factors such as increasing meat consumption, growing world population, escalating the fast food market, rising demand for processed meat and rapid urbanisation would drive the growth of the market. However, the market growth would be challenged ..

Surging Consumption of Confectionery Items Support the Vanillin Market Growth

Date: 4, January 2021 | Category: Food & Beverage

The global vanillin market is anticipated to reach US$706.15 million in 2024, growing at a CAGR of 5.12% for the period spanning 2020-2024. The growth of the market has been driven by a growing population, mounting penetration of vanillin in the pharmaceutical sector, increasing prevalence of psoriasis, accelerating sales of packaged food, expanding urbanization and rising disposable income. Ho ..

Immunity Boosting Food Products to Drive Growth of Health Food Market

Date: 1, December 2020 | Category: Food & Beverage

The global health food market is expected to reach US$557.6 billion in 2024, increasing at a CAGR of 7.15%, for the duration spanning 2020-2024. The factors such as increasing sales of organic food, rising consumption of vegetable oils, growth in geriatric population, rising problem of undernourishment, rapid urbanization and increasing consumers’ demand for transparency would drive the growt ..

Emergence of Cocktail Culture to Drive French Spirits Market

Date: 14, November 2020 | Category: Food & Beverage

France spirits market is forecasted to reach US$7.96 billion in 2024, growing at a CAGR of 3.12% for the period spanning 2020-2024. The factors such as rapid urbanization, increasing income, accelerating online spirits sales and peer influence on youngsters are expected to drive the market. However, growth of the industry would be challenged by high competitive pressure and retail consolidation ..

Cocktail Culture Drives the Demand for Tequila Market in the United States

Date: 6, November 2020 | Category: Food & Beverage

The U.S. tequila market is estimated to reach US$4.74 billion in 2024, growing at a CAGR of 5.06% for the period spanning from 2020 to 2024. The factors such as improvement in economic condition, growing hispanic population, increasing urban population, rising female population are expected to drive the market. However, growth of the industry will be challenged by increasing cannabis consumptio ..

Increasing Premiumization Drives Asia Pacific Beer Market

Date: 12, October 2020 | Category: Food & Beverage

Asia Pacific beer market is anticipated to grow at a CAGR of 4.84% during the period spanning 2020-2024. The market in 2024 is forecasted to be US$240.7 billion. The growth in the Asia Pacific beer market is driven by escalating middle class population, growing urbanization and rising gross domestic product. The market is expected to face certain challenges like declining youth population, innu ..