The global coffee market is anticipated to reach US$134.25 billion in 2024, growing at a CAGR of 5.32% for the period spanning 2020-2024. Factors such as increasing out of home coffee consuming population, rapid urbanization, rising e-commerce retail sales, accelerating disposable income, increasing instant coffee preference, growing demand for specialty coffee and increasing green coffee consu ..
The plant based milk market is expected to reach US$21.52 billion in 2024, growing at a CAGR of 10.18%, for the duration spanning 2020-2024. The factors such as, expansion of the beverage industry, growing obese populace, ..
The global ginger ale market is expected to record a value of US$5.34 billion in 2023, growing at a CAGR of 6.57%, for the duration spanning 2019-2023. While, the global tonic mixer market is projected to hold a value of U ..
The global cognac consumption is estimated to reach 237 million 0.7 liter bottles in 2023, growing at a CAGR of 2.71% for the period spanning f ..
The global infant formula market is estimated to reach US$80.76 billion in 2023, growing at a CAGR of 5.80% for the period spanning from 2019 to 2023. The factors such as emerging middle class population, growing birth rat ..
The global beverage can market volume is estimated to reach 426.6 billion units in 2023, growing at a CAGR of 4% for the period spanning 2019-2023. The factors such as increasing aluminum production, rise in economic growth, upsurge in urban population, rising hyg ..
Coffee is a brewed drink prepared from roasted coffee beans. It is the world’s most popular beverage that is consumed by almost everyone to release their stress and boo ..
Milk is relished worldwide and its consumption, particularly in natural form, and production has been rising continuously. Over the years, population growth and greater affordability have pushed the demand for milk and its d ..
One of the food and beverage categories that is witnessing the largest growth right now is plant-based products. A plant-based product is simply one that is based more on plant sources like fruits, vegetables, and whole grai ..
Packaging is a technology of enclosing and protecting products for distribution, storage, sale, and use. The packaging also refers to the process of design, evaluation, and production of packages. It can be described as a ..