FMI Research

  According to Future Market Insights (FMI), global  yerba mate  sales  will total   USD 2,186.8 million in 2023. Between 2023 and 2033, demand for yerba mate is set to rise at 5.7% CAGR. By 2033, the worldwide yerba mate market size will reach around USD 3,797.0 million. Yerba mate, known for its high content of antioxidants, caffeine, and essential nutrients, offers numerous health benefits, including enhanced physical performance, immune support, reduced heart disease risk, and improved digestion. These advantages are spurring its use across the food and beverage, pharmaceutical, and dietary supplement industries, driving significant growth in the yerba mate market. The growing popularity of yerba mate in herbal formulations across the U.S., Europe, and India for treating various health conditions is expected to further boost its consumption and sales through 2033. Similarly, rising usage of yerba mate powder in cosmetics and personal care industry will...

The  plant-based ham market  is expected to experience significant growth in the coming years with a projected value of USD 557.92 Million in 2023. Rising to USD 1,877.2 Million by 2033 and a CAGR of 12.9% during the forecast period. The demand for plant-based ham is being driven by several factors, including rising interest in vegan and vegetarian options, as well as concerns about the environmental impact of traditional meat production. Various factors propelling the demand for plant-based ham are: Rising demand for vegan and vegetarian options. Increased awareness of the environmental impact of meat production. People are switching to plant-based meats to reduce their environmental impact, improve their health, or for ethical reasons. Plant-based ham is made from alternative protein sources such as soy, wheat, or pea protein. It is intended to mimic the flavor and texture of traditional ham while offering a more sustainable and ethical alt...

  According to Future Market Insights’ most recent market estimate, the  decaffeinated coffee market  is worth USD 20.06 billion in 2023. A CAGR of 6.9% is anticipated in the market during the forecast period. Millennials prefer decaffeinated, gently roasted, organic, and sustainably farmed coffee beans due to their busy schedules and the greater accessibility of unhealthy beverages in recent years. Numerous cafes, coffee shops, restaurants, and eateries have started to provide menu items made from the aforementioned varieties as a result of the increased popularity of decaffeinated coffee. Moreover, rapid urbanization and work-centered lifestyles have increased people’s awareness of and dependence on giving their bodies the proper kind of sustenance that is free from any concentration of adulteration. As a result, it is anticipated that the decaffeinated coffee market share would rise. Additionally, coffee made in compliance with Fairtrade standards encourages comm...

  The global  canned foods market  net worth is estimated to be around  USD 17 Bn in 2023  and is anticipated to register a  CAGR of 4.2%  from 2023 to 2033. The research report on the global canned foods market reveals that the valuation of the market would reach up to  USD 25.6 Bn by 2033 . During the course of the forecast years, advancement in the canned foods industry is anticipated to be fuelled by changes in lifestyles, improved distribution networks, and rising demand for ready-to-eat food items. The world’s expanding cross-cultural cuisine trend has had a favourable effect on the market expansion. Exotic dishes offered by local retailers and eateries, such as Sushi and other seafood products, have increased the demand for canned food in the last few years. Due to the ease of cooking using canned food ingredients, which also last longer without being contaminated or spoiling, many restaurant and hotel businesses and...

  A comprehensive evaluation of the food and beverage industry implies that the  organic food and beverage market  is poised to develop at a robust CAGR of 13.00% from 2024 to 2034. Previous assessments by FMI estimated the organic food and beverage market’s worth at USD 122.30 million in 2019, with current valuation indicating an uptick to achieve USD 278.00 million in 2024. Thematic analysis of organic food and beverages aim at a valuation of USD 639.40 million by 2034. The demand for organic foods and drinks accelerates swiftly as the worker class sector gets less meal preparation time and becomes aware of the significant amount of inorganic chemicals put in fruits and vegetables. The upsurge in the sales of organic food and beverages is demonstrated by the evolving eating habits among consumers and the adoption of greener shifts in cultivation practices by farmers. The high production cost and shorter shelf life constrain the organic food and beverage market growt...

  According to a recent FMI report, the global  valencene market  is expected to grow at a CAGR of  5.2% . The market value is anticipated to increase from  US$ 5.5 Mn  in 2023 to  US$ 9.2 Mn  by 2033. Valencene is a natural compound found in Valencia oranges and is used as a flavoring agent in the food & beverage industry. Rising demand for natural food & beverage ingredients and growing awareness about various health benefits of valencene are the major factors driving sales in the global market. However, the high cost of valencene and stringent regulations regarding its use are restraining growth in this market to some extent. Valencene is used in various applications such as beverages, desserts, savory dishes, and others. Moreover, valencene is considered to be the primary flavor compound in the popular citrus beverage named Orangina. It is also used as a flavoring agent in a wide variety of food and beverage products, including s...

  The global  vitamin supplement market  is anticipated to capture a valuation of  USD 57.63 billion  in 2023 and  USD 133.94 billion  by 2033. The global market is likely to secure a CAGR of  8.8%  during the forecast period. Latest Trends in the Vitamin Supplement Market Several factors are increasing the global market trends. A few of these latest trends in vitamin supplements are as follows: Immune Health Focus:  Consumer are increasing the demand for better alternatives to boost their immune health and are increasing the adoption of vitamin supplements. Vitamin D Supplement:  The growing popularity of consuming vitamin D to enhance immune health is increasing the demand for vitamin supplements. These supplements improve patients’ health and better outcomes. Sustainable Sourcing:  Growing awareness of environmental impacts is promoting sustainability with the adoption of natural ingredients. Consumers are see...

  According to a recent report by Future Market Insights,   multigrain premix market   are estimated to reach a valuation of USD 483.3 Million by 2032, surging at a 7.8% CAGR through the assessment period. As consumer preferences evolve, multi-grain premixes are becoming increasingly popular in bakery applications, particularly with the recent surge of new products like gluten-free and egg-free premixes in the bakery sector. The global food and beverage market is undergoing significant changes, with trends centered around snacking, natural ingredients, wellness, and health driving consumer choices. As people focus on reducing the impact of lifestyle diseases such as diabetes, obesity, and high cholesterol, the demand for multi-grain premixes is poised for substantial growth in the near future. The rising consumption of bread and bakery products, especially in Asian markets, is expected to enhance the demand for bakery ingredients like multi-grain premixes. Additionally, t...

  The global  food stabilizers market  has demonstrated significant expansion, recording sales of  USD 3,116.5 million  in 2024 and witnessing a year-on-year growth rate of  5.5% . This growth trajectory is projected to continue, with the market anticipated to reach  USD 5,323.4 million  by 2034. Food stabilizers are essential ingredients used in food manufacturing to preserve texture, enhance stability, and improve the overall appearance of food products. These additives ensure that food maintains its consistency, appearance, and taste over time. In addition to traditional applications, they are increasingly being adopted in newer areas such as plant-based foods and clean-label products, due to the rising trend toward healthier, natural alternatives. The food stabilizers market is categorized into several types based on product and application. Common stabilizers include gelatin, guar gum, pectin, and carrageenan, each with spe...