Protective cultures market is anticipated to grow at a CAGR of 17.6% during the forecast period (2023-2030). The market’s growth is attributed to development of the food supply chain. The requirement for dairy products to have a longer period of preservation in order to endure transportation and distribution over large distances is increasing as food supply networks turns into increasingly globalized. Protective cultures are essential for satisfying this desire. Accordingly, market players are coming up with new products to cater the demand for bioprotective cultures.
Banana flour market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. The rising use of gluten-free products as an alternative to wheat flour is boosting the demand for banana flour across the globe. Gluten products such as wheat flour can cause many side effects such as fatigue, unintentional weight loss, malnutrition, bloating, alternating constipation, diarrhoea, intestinal damage, and others.
The global canned beans market is anticipated to grow at a considerable CAGR of 4.4% during the forecast period. The growing health concerns among people and their inclination toward healthier food are some major aspects that are expected to motivate the global canned beans market. Canned beans are a staple food in some cultures and an important source of plant-based protein, fiber, and other essential nutrients, such as folate and potassium. Beans are one of the oldest cultivated food with diverse health benefits including the reduction in the risk of diabetes, lowering cholesterol, lowering chances of heart diseases, and others.
The global dried processed food market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. Increasing numbers of working women globally is the major factor anticipated to contribute to the growth of dried processed food market. Due to a lack of time and availability of ingredients, the working parents usually find it hard to prepare traditional weaning foods for their children’s. Therefore, to ensure adequate and quality nutrition for their children, the demand for dried baby foods is growing attributed to their easy preparation formats. Hence, busy lifestyles and increased work pressure among working women is promoting the growth of dried baby food market.
The global frozen meat market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. Increased Shelf life of frozen food is one of the major contributors fuelling the growth of frozen meat market. Freezing increases the shelf life of meat products as a result enabling retail trade and trade to foreign markets. Many food retailers prefer products that can maintain the desired appearance, scent, quality for a long period of time; this factor is boosting the demand of frozen meat globally. Furthermore, Technological advancements to increase the shelf life of frozen meat are another factor accelerating the growth of this market.
The global cold chain frozen foods market is expected to grow at a significant CAGR during the forecast period (2021-2027). Frozen meats such as cattle, poultry, and pork are transported using a cold chain.
The global bakery processing equipment market is anticipated to grow at a significant CAGR of 6.1% during the forecast period. Growing demand towards packaged food products and ready-to-eat food products like cookies, bread, cakes, and pastries due to their convenience, affordability, shelf life and changing consumer tastes & preferences is contributing to the growth of bakery processing industry which as a result increasing the demand for bakery processing equipment.
The global meat alternatives market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. The increasing vegan population due to the shift of consumers interest towards both vegetarian and vegan diet is rising the demand for plant-based ingredients and alternatives to animal protein.
Food grade gases are used during the production stage of food as an additive or processing aid to maintain the quality and standards of the food. Food grade gases are extensively used in the food & beverages industry for a variety of applications including freezing, packaging, and carbonation of food products. Some of the common food grade gases are carbon dioxide, nitrogen, and oxygen.
The US cashew nuts market is estimated to grow at a CAGR of 4.6% during the forecast period. Significant demand for healthier snacks and increasing launches of gourmet nuts is one of the major factors driving the market growth.
North American cashew nuts market is estimated to grow at a CAGR of 4.5% during the forecast period. Significant consumption of cashew nuts is one of the crucial factors accelerating the market growth.
Indian cashew nuts market is estimated to grow at a CAGR of 6.2% during the forecast period. Significant availability of millennial population is one of the key factors accelerating the market growth. There is a large number of millennial population reported in the country, which highly focused on healthier diet.
European cashew nuts market is estimated to grow at a CAGR of 4.0% during the forecast period. Significant availability of working-age population and rising consumption of gourmet nuts are some pivotal factors leveraging the market growth.
Asia-Pacific cashew nuts market is estimated to grow at a CAGR of 5.2% during the forecast period. Significant awareness regarding health benefits associated with cashew nuts is a major factor accelerating market growth.
The global cashew nuts market is estimated to grow at a CAGR of 4.6% during the forecast period. Rising demand for roasted cashew nuts and potential awareness regarding the health benefits of cashew nuts are some key factors accelerating the market growth.
The US frozen snacks market is estimated to grow at a CAGR of 6.8% during the forecast period. The expansion of foodservice chains is one of the major factors in accelerating market growth.
North American frozen snacks market is estimated to grow at a CAGR of 6.2% during the forecast period. Significant consumption of frozen foods is one of the major factors driving the market growth.
The Indian frozen snacks market is estimated to grow at a CAGR of 8.5% during the forecast period. Rising urbanization is one of the pivotal factors accelerating the demand for frozen snacks in the country.
The European frozen snacks market is estimated to grow at a CAGR of 7.4% during the forecast period. A significant presence of millennials, expansion of foodservice chains, and increasing launches of new innovative frozen snacks is one of the pivotal factors in accelerating the demand for frozen snacks in the country.
Asia-Pacific frozen snacks market is estimated to grow at a CAGR of 8.4% during the forecast period. Rising launches of premium frozen snacks and increasing demand for frozen pizzas are some crucial factors accelerating market growth.
The global frozen snacks market is estimated to grow at a CAGR of 7.1% during the forecast period. Increasing demand for convenience foods and the rising availability of gluten-free frozen snacks are some pivotal factors contributing to market growth.
The US frozen pizza market is estimated to grow at a CAGR of 6.6% during the forecast period. Rising consumption of frozen foods and increasing adoption of gourmet pizza are some pivotal factors encouraging market growth. As per the American Frozen Food Institute (AFFI), during the period, March to mid-April 2020, in the US, 86% of consumers had bought frozen food, of these 7% were new buyers of frozen food, who rarely or never purchased frozen food items before.
North American frozen pizza market is estimated to grow at a CAGR of 5.8% during the forecast period. Rising demand for frozen food and the significant availability of millennials are some factors primarily contributing to the growth of the market. As per Statistics Canada, the total population aged (35-64) was nearly 15.2 million in 2019, increased from nearly 15 million in 2017. The total population of Canada in 2019 was nearly 37.6 million in 2019.
Indian frozen pizza market is estimated to grow at a CAGR of 7.5% during the forecast period. The market is significantly driven by the rising per-capita income and urbanization in the country. As per the World Bank, India’s GDP per capita increased from $2,006 in 2018 to $2,104 in 2019. In addition, the rising urbanization is leading to the increasing expansion of food service chains in the country.
European frozen pizza market is estimated to grow at a CAGR of 6.4% during the forecast period. Increasing demand for plant-based frozen pizzas and significant availability of the working age population is a major factor driving the market growth. As per the Organization for Economic Cooperation and Development (OECD), in 2018, the percentage of the working-age population (15-64) in the UK, Germany, France, Italy, and Sweden was 63.8%, 65.0%, 62.1%, 64.0%, and 62.4%, respectively.
Asia-Pacific frozen pizza market is estimated to grow at a CAGR of 6.8% during the forecast period. Expansion of food service chains and increasing demand for ready-to-eat foods are some major factors boosting the market growth. McDonald’s, Domino’s Pizza, and Pizza Hut are some crucial food service chains for pizza in the region. Domino's have more than 1,250 stores present in all over India. This number may increase coupled with the emerging demand for innovative pizzas in the country.
The global frozen pizza market is estimated to grow at a CAGR of 6.1% during the forecast period. The increasing shift towards the western diet and expansion of fast-food retail chains are some pivotal factors driving the consumption of frozen pizza. Frozen pizzas have been gaining immense popularity among college students and busy families.
The global food preservatives market is growing at a significant CAGR of around 3.4% during the forecast period (2020-2026). Food preservatives are regarded as a chief ingredient in the food industry for increasing the shelf-life of the product. These are added into the food to enhance its efficiency against spoilage organisms. There are several pivotal factors that are driving the global food preservatives market, which includes the rising demand for convenience food products and increasing use of natural preservatives in non-vegetation food products.
The global nut-based spread market is expected to grow at a CAGR of 6% during the forecast period, with the health benefits being one of the primary driving factors. Nuts and seeds are continually gaining popularity as recipe ingredients, spreads, snacks, and as a delicacy. Consumption of nuts such as peanuts protects against various diseases including coronary heart disease (CHD), diabetes, and other metabolic syndrome diseases.