The global meal kit market, valued at approximately $10.2 billion in 2023, is forecast to surge to $20.8 billion by 2030, expanding at a 12.5% compound annual growth rate (CAGR) from 2024 to 2030. This robust growth is being driven by consumer demand for fresh, convenient, and customizable meals, as well as an increasing focus on wellness, sustainability, and global flavors.
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Market Drivers...
The global Functional Food Ingredients Market is projected to grow from USD 75.12 billion in 2023 to over USD 125 billion by 2032, expanding at a CAGR of 5.89% during the forecast period. This growth is driven by the escalating demand for nutrition-rich food, rising awareness about lifestyle-related diseases, and increased preference for preventive healthcare.
As global populations shift toward healthier food choices, functional food ingredients such as probiotics, prebiotics, dietary fibers,...
The Biofuel Enzymes Market is advancing rapidly, fueled by expanding renewable fuel mandates, breakthroughs in enzyme technologies, and increased demand for sustainable energy sources. Enzymes such as cellulases, lipases, and amylases are critical biocatalysts that convert biomass into bioethanol, biodiesel, and biogas helping reduce greenhouse gas emissions and enable clean-energy access.
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The Rice Bran Oil Market was valued at approximately USD 8.55 billion in 2024 and is projected to grow at a CAGR of 10% to reach USD 18.35 billion by 2032. This growth is primarily driven by increasing consumer preference for heart-healthy, antioxidant-rich oils, the rising use of rice bran oil in cosmetics and nutraceuticals, and growing demand from Asia-Pacific and North America.
Rice bran oil is extracted from the outer layer of the rice grain, rich in essential fatty acids, gamma...
The Seed Treatment Market is expanding rapidly, propelled by the need for enhanced crop protection, yield improvements, and adoption of precision farming solutions. Advances in agritech, biotechnology, and coatings are revolutionizing the way seeds are prepared for sowing, ensuring stronger, healthier plant stands and reduced pesticide usage.
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Market Overview & Growth Projections
Industry...
Market Overview 2025-2033
The United States vegan food market size is projected to exhibit a growth rate (CAGR) of 10.49% during 2025-2033. The market is witnessing substantial growth, fueled by rising health consciousness, environmental concerns, and a shift towards plant-based diets. Key trends include the increasing demand for innovative meat alternatives and dairy substitutes, with major brands emphasizing clean ingredients and sustainability. Additionally, the expansion of vegan options...
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The Global Dairy-Based Beverages Market reached USD 45.60 billion in 2022 and is expected to grow to USD 76.04 billion by 2031, at a CAGR of 6.6% during 2024–2031, driven by rising demand for functional drinks enriched with vitamins, protein, probiotics, and other bioactives. Health-conscious consumers are increasingly turning to dairy-based beverages that support immunity, digestion, bone strength, and weight management. Flavored variants lead the market with over half the share, while...
Global Candy Market Set to Surpass USD 80 Billion by 2031 on Health, Innovation, and Asia-Pacific Growth
The Candy Market is on a growth trajectory, projected to expand from USD 62.3 billion in 2022 to USD 80.1 billion by 2031. This robust growth, at a compound annual growth rate (CAGR) of 3.2%, is underpinned by rising consumer demand for healthier indulgences, expansion of digital sales channels, flavor experimentation, and a growing appetite for confectionery in emerging economies...
Vegan Collagen Market Forecast to Surpass USD 2 Billion by 2030 Amid Clean Beauty and Ethical Consumerism Boom
The Vegan Collagen Market is expected to exceed USD 2 billion by 2030, growing at a compound annual growth rate (CAGR) of approximately 36%. Rising awareness of ethical beauty, increased demand for plant-based nutrition, and biotechnology innovations are driving the demand for vegan collagen in supplements, skincare, and functional food sectors.
Vegan collagen is synthetically...
Yeast Extract Market to Surpass USD 2.3 Billion by 2031 Driven by Clean Label Demand and Natural Flavor Innovations
June 20, 2025 – Chicago, USA – The global yeast extract market is projected to grow from USD 1.5 billion in 2023 to USD 2.3 billion by 2031, expanding at a compound annual growth rate (CAGR) of 5.6% during the forecast period. The market is experiencing robust growth as food and beverage manufacturers increasingly seek natural flavor enhancers, clean label...
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