Food And Beverages

Market Overview The Global Karaoke Market is Estimated to be valued at USD 5,733.77 Million by 2024 and is expected to register a CAGR of 2.52% during the forecast period. The recordings of popular songs are played without the words by karaoke machines, so the user can sing along. The widespread popularity of music across the globe is driving the growth of the global karaoke market .      Japan was the largest market for karaoke in 2018 and the regional market is expected to maintain its dominance during the review period. Karaoke is a popular activity in Japan and usually takes place in private rooms at restaurants and bars with the complete set-up for users. The increasing demand for karaoke systems, for household and commercial use is driving the growth of the market in the region. Europe also held a significant market share and was the second-largest market for karaoke in 2018.      The increasing number of karaoke competitions across ...

Market Overview The global gin market is expected to exhibit a strong 4.33% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). According to the report, the global market is expected to reach a valuation of USD 11.2 billion by 2024. The report provides a thorough outline of the global market, including a detailed analysis of the historical progress of the global gin market as well as the market’s future growth prospects. To this end, the leading drivers and restraints affecting the global market are profiled in detail in the report. The leading players operating in the global gin market are also profiled in the report, giving readers a clear idea of the market’s competitive landscape. Gin is an alcoholic beverage produced through two stages. First, a taste-neutral spirit is produced as the base. Then, the base is flavored through a second step of distillation involving botanical flavorants such as juniper be...

Market Overview RTD tea is packaged tea in its prepared beverage form and ready for consumption. The global RTD tea market accounted for approximately USD 21.30 billion in 2018 and is expected to register a CAGR of 5.7% during the forecast period. The RTD tea has gained popularity among the health-conscious population. Owing to the increasing per capita disposable incomes, busy lifestyles, and growing demand for on-the-go beverages, the global RTD tea market size is projected to grow significantly in the coming years. Moreover, availability of RTD tea in a variety of flavors is an added advantage for the market growth. Growth of the organized retail sector and the increasing presence of RTD tea in supermarkets and hypermarkets are projected to further boost the growth of the global RTD tea market .     Key Players Some of the key players in the global RTD tea market are Nestle S.A. (Switzerland),   ITO EN LTD. (Japan), PepsiCo, Inc. (US), Hain Celestial Gro...

Market Overview The global market for tree nuts is growing at a steady rate owing to increasing demand by numerous industrial sectors. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Tree Nuts Market Research Report- Forecast to 2023 that the market will demonstrate a steady CAGR % while achieving million dollar growth readily in the forecast period. Tree nuts are enriched with various nutritional benefits such as Vitamin E, Vitamin B2, essential minerals, and others. They are also high in antioxidants which adds to the health benefits obtained from tree nuts, thereby fuelling the demand for the product. Furthermore, tree nuts contain unsaturated and monounsaturated fatty acids (MUFA) which is another factor increasing the popularity of the product among the health conscious consumers. Also, tree nuts is used in various industries and have multiple us...

Market Overview Soy is a commonly consumed food product, especially by health-conscious individuals, due to its high protein content. Soy meal, a primary ingredient in livestock feed, contains approximately 40%–45% protein. It is a high-fiber and high protein derivative obtained after the extraction of oil and is used as animal feed for poultry, cattle, and other livestock. However, soy derivatives are a common cause of various allergic reactions such as asthma, anaphylactic shock, and allergic rhinitis in humans, which is expected to impede the growth of the global soy derivatives market . Key Players Some of the key players in the global soy derivatives market are Cargill Inc. (US), CHS Inc. (US), Ruchi Soya Industries Ltd (India), Dupont Nutrition and Health (US), Noble Group Ltd (Hong Kong), Wilmar International Ltd (Singapore), Archer Daniels Midland Company (US), Bunge Ltd (US), Louis Dreyfus Company BV (Netherlands), and AG Processing Inc. (US) Market Segmentation: ...

Market Overview Feed acidulants are additives mixed in animal feed to impart flavor. They are also used as preservatives to inhibit the growth of mold in feed. Such additives increase the acidity of the product. These organic acids are emerging as an effective substitute for antibiotics in animal feed. In the US and Europe, a ban on the use of antibiotics in feed is one of the major determinants that is driving the growth of the feed acidulants market. Additionally, the rapid growth of the aquaculture industry due to the rising consumption of seafood is boosting the sales of acidulants for aquaculture feed. The global feed acidulants market has been segmented by type, form, and application. Based on type, the global feed acidulants market has been segmented into lactic acid, formic acid, propionic acid, malic acid, citric acid, sorbic acid, acetic acid, and others. The propionic acid segment is projected to be the largest during the assessment period due to the widespread use ...

Market Overview The starch derivatives are the major part of functional foods. A broad usage of the functional properties the starch derivatives along with its ease of usage in a wide range of food applications, increased consumption of convenience and processed food and growing demand for adhesives in industrial applications is driving this market. Based on type, the global starch derivatives market has been segmented into maltodextrin, cyclodextrin, glucose syrups, hydrolysates, and others. The glucose syrup segment accounted for the maximum market share in 2018. It finds its application in various industries such as food & beverages, along with paper, feeds, pharmaceuticals, and cosmetics. Glucose syrup is often used in food industry as a flavor enhancer, texturizing agent, volume-adding agent, and inhibitor of sugar from crystallizing in beverages. However, the maltodextrin segment is expected to grow at a higher CAGR during the forecast period owing to usage in spreads, ...

Market Overview The increasing consumption of tea and coffee leads to increased demand for dairy whiteners. Dairy whiteners are quicker, easier, and more convenient to use in tea and coffee compared to milk. Dairy whiteners are widely used as a substitute for fresh milk in several hot & cold beverages. Introduction of new products in the market with convenient and innovative packaging have contributed significantly to the growth of the global dairy whiteners market. The global dairy whiteners market has been segregated, by form, into powder and liquid. The powder segment is projected to garner a major share, of the global dairy whiteners market. The segment’s dominance can be attributed to longer shelf-life, ease of transport, and packaging. However, the liquid segment is expected to register a higher CAGR during the upcoming years. Based on packaging type, the global dairy whiteners market has been segmented into cartons, jars, pouches & sachets, and others. The pouch...

Market Overview Global White Spirits Market Share has witnessed a continuous demand during the last few years and projected to expand at a substantial growth rate during the forecast period. White Spirits Market Share has witnessed substantial innovation in terms of new product launches along with research & development and collaboration by the industrial players. Product innovations based on ongoing trends and consumer’s demand for novel flavors and also product sustainability remains the primary focus for White Spirits Market Share. In terms of innovations, manufacturers put more emphasis on the experimenting with different flavors in order to retain the competitive market share in the global market. Escalating awareness among the consumers regarding the heath risks associated with the consumption of alcohol is expected to pose a major challenge in the global White Spirits Market Share. Based on product type, the global White Spirits Market Share has been segmented into ru...

Market Overview Vegan butters are the spreads made from various plant-based sources such as vegetables and nuts. These spreads are highly nutritional with high good fat content and are used as a substitute to dairy butter by the surging vegan population. Vegan butters are witnessing an increasing shelf space in various retail stores across the globe due to the increasing consumption of vegan butter in both food retail and food service sector. Several hotels and restaurants are consuming plant-based butters to cater the rising demand for vegan menu. Based on type, the global vegan butter market has been segmented into vegetable butter, nut butter, and others. The vegetable butter segment is projected to garner the highest revenue share in the global vegan butter market due to high sales of various vegetable butters such as peanut butter, cocoa butter, and shea butter among others. However, the nut butter segment is projected to grow with the highest CAGR during the forecast perio...