FMI Research

 The global  cannabis drinks market  is set to witness growth at a  CAGR of 37.3%   and top a valuation of  US$ 8.3 Bn  by 2032. Various health benefits, such as improved sleep patterns, weight loss, depression and anxiety reduction, blood pressure regulation, and others, are predicted to fuel global cannabis drinks growth over the forecast period (2022-2032). Furthermore, demand for cannabis drinks is predicted to rise as the use of cannabis for neurological illnesses, epilepsy, cancer, and pain management grows. Similarly, the legalization of recreational or medicinal cannabis had a positive impact on the industry. Hence, several leading companies operating in cannabis drinks market has expanded substantially, enhancing the variety and quantity of products available to end-users. This is expected to increase the demand for cannabis drinks by more than  20x  through 2022 & beyond. Key Takeaways from Market Study The cannabis drinks market is worth of  US$ 0.4 Bn  sa

 The water softener market is probably going to ascend to US$ 3.1 Billion out of 2022. The water softener market is expected to arrive at US$ 6.9 Billion with a CAGR of 8.3% by 2032. Water softener is primary filtration units used for conversion of hard water to soft water. The water softeners eliminate calcium and magnesium present in the water by chemical and physical methods in a controlled way to reduce the ill effects of the hard water over the end-use application. The hard water is converted into soft water by different processes such as ion exchange, distillation, and reverse osmosis. The ion exchange method is the most effective way of softening hard water but requires higher resources to per unit soft water output over other techniques. The water softener market is mainly based on the regions of hard water presence. The global water softener market is expected to be dominated by North America resulted in large population present in the hard water affected region. The hous

 Value-added snacks that are being fortified with protein and claims to offers added protein which is sourced either from animal-based sources such as meat, fish, poultry or through plant-based sources such as lentils and protein-enriched seeds are classified as protein snacks .  The market demand for such fortified or functional snacking options is trending among the consumers globally, especially among the urban dwellers owing to their busy lifestyle which does not offer scope for adequate nutritional intake through conventional food habits. As food fortification is considered as a strategic measure to counter the issue of malnutrition prevailing in underdeveloped geographies by World Health Organization (WHO) resulting in demand for fortified food products along with the protein snacks market.  Protein Snacks Market Segmentation  Protein Snacks market is segmented on the basis of nature, product type, distribution channel, and region. On the basis of nature, it is segmented as

Yellow pea protein  is a supplement that is primarily extracted from yellow peas and is increasingly used across the food & beverages sector to increase protein content in shakes and smoothies. Over the past decade, new food trends have emerged at a consistent rate around the world, including veganism, free form, clean-label, and chemical-free. As a result, the demand for yellow pea protein has witnessed steady growth and the trend is expected to gain further momentum during the forecast period. The health benefits associated with yellow pea protein is another major factor that has attracted considerable interest from food manufacturers. At the back of these factors, along with the entry of a number of food manufacturers that are pinning their hopes of the growth of plant-based and vegan products, the global yellow pea protein market is expected to attain a market value of ~ US$ 3.1 Bn  by the end of  2030. Plant-based food products have gained fast-paced popularity over the co

 According to the latest report by Future Market Insights (FMI), the global  post-harvest treatment market  is expected to grow at a CAGR of 4.7% during the assessment period (2022-2032), surpassing US$ 2.2 Bn by 2032. Increasing trade of fresh vegetables and fruits as compared to the other commodities is the primary factor underpinning the growth in post-harvest treatment market. This growing trade of exotic vegetables and fruits is increasing the usage of post-harvest treatment to keep the inventory of exotic vegetables and fruits fresh for longer period of time. Further, with increasing popularity of continental dishes, the consumption of exotic vegetables and fruits in hospitality industry is surging. Moreover, exotic fruits-based flavors are gaining popularity in countries such as India and China. Hence, the flavor ingredient manufacturers are investing extensively in food products such as ViDA Juice dragon fruit with tonic and flavored frozen pops Ruby Rockets with grape and ac

  Yoghurt Market is predicted to rise significantly at a CAGR of 6.1% in the forecast period of 2022-2032, comprehensive report by Future Market Insights Yogurt belongs to dairy food industry. It is derived from the bacterial fermentation of the milk. Primarily yogurt is consumed directly as a dessert or it is used in various recipes. Increasing awareness about the benefits of yogurt as a healthy alternative to include in daily diet is driving the growth of yogurt market across the globe. Yogurt market is segmented on the basis of product type which includes regular yogurt and fat free yogurt. Among both of these segment regular yogurt is expected to occupy the largest position on the pie in terms of revenue contribution. However rising awareness among the consumer regarding the consumption of healthy and fat free products is expected to support the demand of fat free yogurt product segment in the near future. Yogurt market is further segmented on the basis of form which includes s

 The  pectin market  study done by FMI offers deep insights to the reader about the market’s today and forecasted growth. According to FMI, the pectin market is projected to grow with a CAGR of ~7.8% during 2022-2032. According to a new study by FMI, the pectin market value is estimated at ~US$ 998.7 Mn in 2022. The growth in demand for pectin among consumers is primarily driven by its fat- & cholesterol-free nature and its application as a fat substitute in the bakery industry. The bakery industry is one of the industries that cover a wide variety of food products and attract consumers from all age groups. In recent years, growing health concerns among consumers has compelled bakery industry operators to offer fat-free products, thereby potentially raising the demand for pectin. Moreover, the vegan nature of pectin is likely to work to advantage of the bakery industry amid the rise of vegan culture across the globe and notable increase in number of population preferring vegeta

 The  food enzymes market  is projected to register an average CAGR of 6.5% during the forecast period. Food processing industries like the baking industry, brewing, and fruit juice industry are currently the largest user of food enzymes. These industries hold about 40% of the USD 400 million markets. This market has grown as a result of rising environmental concerns, urbanization, rising disposable income, and developments in R&D activities. Furthermore, technological breakthroughs such as enzyme engineering and the introduction of genetically altered enzymes have aided the food industry’s expansion. The food and beverage industry is the largest market, where food enzymes services are employed globally. Enzymes are applied virtually to all the products manufactured in this industry. Also, enzymes are substitutes for some chemical additives like potassium bromates that have been banned in so many countries. People considered super enzymes for better digestion and health. Co

 The  protein purification and isolation market  is anticipated to grow rapidly, with a CAGR of 10.6 percent from 2022 to 2032, from its projected value of US$ 8.29 billion in 2022 to US$ 17.41 billion by 2032. The expanding significance of creating novel ligands, such as protein-based pharmaceutical compounds, is one of the key factors boosting demand for protein purification and isolation. Additionally, a rise in the demand for purification kits in rapid screen tests is expected to drive growth in the protein purification and isolation market. A trend toward technologically advanced instruments for protein purification and the growth of the proteomics market are driving up sales of protein purification and isolation. During the forecast period, all of these elements, together with increasing R&D in the pharmaceutical and biotechnology industries, are predicted to increase the global protein purification and isolation market share. Untapped growth markets and protein tre

 According to a recent FMI report, the  sales of   processed fruits & vegetables  are expected to surpass a value of  US$ 539.8 Bn  in 2032, rising at a CAGR of around  7.1%  through the end of 2032. The rise is attributed to the product’s low processing and high nutritious value. Manufacturers are changing the  processed fruits & vegetables   market trends  by employing a variety of packaging solutions to keep fresh–cut fruits and vegetables fresh. The use of edible coatings and modified atmosphere packaging (MAP) to extend the shelf life of fresh–cut fruits and vegetables is becoming more common. As per the  processed fruits & vegetables market analysis , there has been an increase in interest in the creation and manufacture of meat substitutes during the past few years. By 2030, it is anticipated that the global market for plant-based alternatives will be worth USD 85 million. The demand for beef and dairy products in the US is also anticipated to decline by 80–90%

  Meat Seasonings Market was valued US$ 4,599.4 Mn in 2022 and is expected to reach US$ 8963.5 Mn in 2032, likely to surge at CAGR of 6.9% during forecast period 2022-2032. In the past few decades, the worldwide consumption and production of meat have increased rapidly and, in many parts of the world, per capita consumption of meat is continuing to grow. However, regions like North America and Europe, are gradually losing market shares, regions like Latin America and Southeast Asia have become new centers of production and consumption. Reasons for the success of meat products are: i) the healthy image of the product, mainly due to the high protein/ low-fat content coupled with a balanced n-6 to n-3 PUFA ratio; ii) lower price with respect to red meats.  Rich presence of essential oils and oleoresins determine the aromatic, flavoring, coloring and pungent properties of spices and condiments. Antiseptic and preservative property of certain spices is due to the essential oils. In add