FMI Research

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Plant Based food are estimated to reach a value of USD 34.5 Bn by 2032, surging at 12.2% CAGR through the decade. Plant-based food firms are projected to experience development prospects over the years, despite supply chain interruptions, panic purchasing, and storage. The vegan ingredients industry has experienced an upsurge in innovation in recent years. The development of innovative products, such as plant-based milk, eggs, and meat, is a growth-promoting factor. These products are abundant in essential nutrients and taste almost identical to those made from animals. Multiple other reasons, such as extensive promotional events by athletes and celebrities to promote the consumption of plant-based food products so as to maintain a healthy lifestyle, and the easy availability of these items due to increasing number of online sales channels, are expected to fur

  According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of soy milk are estimated to reach a value of USD 14.36 Bn by 2032, surging at 8.4% CAGR through the decade. Soy milk is a great substitute for conventional dairy milk because it has an equal amount of protein and low calories. Obesity is driving up demand for low-calorie products. As a consequence, many consumers who are overweight or trying for weight loss prefer soy milk. The market for soy milk may face stiff competition from substitutes such as almond and coconut milk. Because of increased consumer awareness, these substitutes are more readily available. As a result, manufacturers are focusing on increasing product awareness through marketing campaigns. The disruption in the supply chain as a result of the covid-19 restrictions has significantly impacted soy milk sales. However, the tendency of consumers to use healthy food and beverage products as a result

 The global  barley market  is set to grow at  3.3% CAGR  and reach  US$ 28 billion  in revenues by 2026. Europe is the largest market for barley, accounting for nearly 30% share of the market. In addition to Europe, US and China are other leading markets for barley globally. Developing countries account for around 18% of the total global barley production and 25% of the total harvested land around the globe. Future demand for barley is likely to be influenced by applications in feed and beer production. The import of barley for beer production will open new opportunities for market players. Increasing consumption of malt-based beverages around the globe and consumers’ shifting preference towards natural and organic food products as well as growing awareness about the various health benefits of barley are some of the factors expected to boost the growth of the barley market. In addition, government regulations on food additives are currently a major concern for food manufacturers

From 2022 to 2032, the global  yoghurt market  is expected to rise at a CAGR of 4.8%, from USD 89.9 Mn in the year 2022 to USD 143.7 Mn in the year 2032. The global yoghurt industry is fueled primarily by the health benefits of yoghurt intake and a growing public awareness of the need for weight loss. Other factors driving market growth include the expansion of the retail market in various nations, as well as lower lactose percentages for lactose-intolerant people who want to eat dairy products. Danone, Yakult, Chobani, and Nestle are among the biggest proponents of yoghurt awareness and consumption. People avoid consuming yoghurt because of artificial additions and ingredients added to it, as well as the harmful hormone therapy of milk-producing cows. Conversely, rising yoghurt demand in emerging countries is expected to open up various opportunities for global market expansion, owing to greater disposable income and increased health consciousness. Key Takeaways: The wo

 The global  soy beverage market  is set to witness growth at a CAGR of  6.2%  and is anticipated to reach a valuation of around  USD 41.1 Bn  by  2032 . Soy beverages have become popular among consumers due to their ease of availability and various scientific evidence proving that these beans have numerous health benefits, such as lowering the risk of developing cancer cells in the body and reducing cholesterol level in the blood. Moreover, owing to its nutritional value, soy beverages are eventually substituting less healthful drinks such as sodas and alcoholic beverages. Apart from being a balanced source of protein, soy beverages also contain key minerals like vitamin B, fiber, and omega-3 fatty acids. All of these nutrients are essential for infant growth and pregnant women, and a variety of other benefits for children and adults. It is a nutritious replacement for animal based beverages mainly dairy products, and hence a decent vegetarian protein source. However, consumers ar

The global  UHT milk market  is set to witness growth at a CAGR of 7.6% and reach US$ 137.7 Bn by 2032. UHT milk is a type of milk which is derived by heating it at ultra-high temperature for a set or extended period of time. This procedure is followed to ensure that the milk is safe to consume and free of microbial or harmful elements. UHT treated milk is already processed so the consumer does not need to heat it again before consumption. UHT milk effectively kills germs and non-vital organisms that can only be destroyed at a certain temperature. Dairy products are consumed on a massive scale every day, with UHT milk topping the consumption chart. UHT processed milk is still on the vital side after going through the necessary heating process. Thus, long shelf life, nutritional benefits, and ease of use are a few key factors driving the growth of Ultra-High-Temperature (UHT) Milk Market. Key Takeaways The UHT milk market is estimated to expand at CAGRs of 7.6% over forec

  The global  gluten-free oats market  is expected to witness growth at a CAGR of 7.8% in the forecasted period and to be valued more than US$ 334.0 Mn by 2032. Growth in the market is attributed to growing prevalence of food allergies and other types of food gluten sensitivities. Food allergy reactions range in severity from minor hives and swelling of the lips to severe, life-threatening symptoms known as anaphylaxis, which can include lethal breathing issues and shock. Food allergies are currently incurable despite the development of promising preventative and therapy techniques. Early detection of food allergies and learning how to manage them, including which foods to avoid, are critical steps in avoiding major health repercussions. The FDA enforces regulations requiring manufacturers to declare ingredients on packaged foods and beverages to safeguard persons with food allergies and other food hypersensitivities. There are stricter labeling rules for foods or chemicals that

  Future Market Insights not too long ago printed its research on  Indian made Foreign Liquor market , which estimated that greater than INR 2.5 trillion value of alcohol was consumed in 2016. The research additional projected that consumption of alcohol in India is much less more likely to decline within the years to return. By the tip of 2026, greater than 14 billion litres of alcohol can be bought throughout India. The variety of  Indian made Foreign Liquor  shoppers in India continues to rise on the account of rising city inhabitants. Consuming alcoholic drinks has turn into a customary custom for a majority of individuals residing in India’s city cities. Altering existence and rising incomes are compelling them to eat alcohol on a frequent foundation. The India alcohol market is predicted to document at a CAGR of  7.4% , amassing  US$ 68 Bn  by the tip of 2026. Andhra Pradesh and Telangana have strengthened the market considerably, for these two states have the very best varie

  Future Market Insights not too long ago printed its research on  India’s liquor market , which estimated that greater than INR 2.5 trillion value of alcohol was consumed in 2016. The research additional projected that consumption of alcohol in India is much less more likely to decline within the years to return. By the tip of 2026, greater than 14 billion litres of alcohol can be bought throughout India. The variety of  liquor  shoppers in India continues to rise on the account of rising city inhabitants. Consuming alcoholic drinks has turn into a customary custom for a majority of individuals residing in India’s city cities. Altering existence and rising incomes are compelling them to eat alcohol on a frequent foundation. The India alcohol market is predicted to document at a CAGR of  7.4% , amassing  US$ 68 Bn  by the tip of 2026. Andhra Pradesh and Telangana have strengthened the market considerably, for these two states have the very best variety of alcohol shoppers within the na