The Europe mycelium market was valued at USD 698.8 Million in 2022 and is projected to exceed USD 1,142.0 Million by the end of 2028.
The global mycelium market was valued at $2.85 billion in 2022 and is expected to reach $4.76 billion by 2028, growing at a CAGR of 9.39% between 2023 and 2028.
The Asia-Pacific Polyunsaturated Fatty Acids (PUFAs) market was valued at $1.10 billion in 2020 and is projected to reach $1.98 billion in 2026, following a CAGR of 10.25% during the forecast period 2021-2026.
The global insect protein market was valued at $342.87 million in 2021, growing at a CAGR of 26.49% to $1,386.55 million by 2027.
Microbes such as bacteria, molds, and yeasts are utilized for the food, feed, food ingredients, and production of wine, beer, bakery, and dairy products. Microbes produced using solar energy and biomass are known as solar-powered microbes.
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The global mycelium market accounted for $2.48 billion in 2020 and is anticipated to grow with a CAGR of 7.7% and reach $3.84 billion by 2026.
The global clean label ingredients market was valued at $19.77 billion in 2020, which is expected to grow with a CAGR of 8.65% and reach $32.08 billion by 2026.
The global nitro-infused beverages market is expected to reach $48.50 million by 2026, with a CAGR of 21.66% during the forecast period 2021-2026.
The global ethylene absorber market is expected to reach $56,594.1 million by 2031, with a CAGR of 21.89% during the forecast period 2020-2031.
The global fermented plant-based alternatives market is expected to reach $422.26 million by 2026, with a CAGR of 5.0% from 2021 to 2026.
Global Food Traceability Market to Reach $26.31 Billion by 2025.
Global Cultured Meat Market to Reach $94.5 Billion by 2030.
The global smart food and beverages label market is projected to reach $51.9 million by 2029.
Global Nanotechnology for Food Packaging Market Anticipated to Reach $29.40 Billion by 2025.
Global Food Safety Testing Systems & Services Market Anticipated to Reach $24.54 Billion by 2025.
Global Aseptic Food and Beverage Packaging Market Anticipated to Reach $39.78 Billion by 2025.
Global CBD-Infused Beverages Market Anticipated to Reach $1,018.3 Million by 2025.
Global Lactose-Free Dairy Products Market Anticipated to Reach $12.09 Billion by 2025.
The global smart kitchen appliances industry is projected to grow significantly in the coming years, reaching a substantial $8.20 billion in 2024 as compared to $2.40 billion generated in 2018, registering a CAGR of 23.08% from 2019 to 2024.
The UHT(ultra high temperature) milk industry analysis by BIS Research projects the market to grow at a significant CAGR of 4.57% during the forecast period from 2019 to 2024.
The global food cold chain market to grow at a significant CAGR of 13% during the forecast period from 2019 to 2024.
The global plant-based food and beverage alternatives market to grow at a significant CAGR of 13.82% during the forecast period from 2019 to 2024.
The fermented food and ingredient market is projected to grow from $512.19 billion in the year 2018 to $689.34 billion by 2023, growing at a CAGR of 6.12% from 2018 to 2023.
The PEF market was valued $167.9 thousand in 2017 and is expected to reach $129.3 million by 2025.
The 3D food printing market is projected to grow from $XX million in the year 2018 to $525.6 million by 2023, at a CAGR of XX% from 2018 to 2023.
The food safety testing systems & services market is expected to grow from $XX million in 2017 to $19,629.4 million by 2022 at a CAGR of XX% from 2017 to 2022. This growth can be attributed to the increasing outbreak of foodborne illness, advancements in the usage of the latest technology for the food safety testing, stringent regulations, and globalization of food supply.
The smart food market is expected to grow from $325.26 billion in the year 2016, at a CAGR of 8.32% from 2017 to 2022.
The food safety testing market is expected to grow at a CAGR of 7.5% from 2016 to 2021. This growth is attributed to the rising outbreak of foodborne illness, advancements in using the latest technology for the food safety testing, stringent regulations, and globalization of food supply.
The isoflavones market is expected to grow from $11.58 billion in the year 2016 to $21.90 billion by 2021 at a CAGR of 13.7% from 2017 to 2021.
The fermented foods and ingredients market is expected to grow from $636.89 billion in the year 2016 to $888.76 by 2023, at a CAGR of 4.98% from 2017 to 2023.
The food traceability market is expected to grow from $11.63 billion in 2016 to $16.09 billion by 2022, at a CAGR of 5.56% from 2016 to 2022. This growth can be attributed to the rise in the food safety concerns within the food industry, which has led to an increase in the adoption of food traceability technologies across the globe.
The global food tech market is expected to grow at a CAGR of 5.8% through 2015 to 2022.
The global mycelium market accounted for $2.48 billion in 2020 and is anticipated to grow with a CAGR of 7.7% and reach $3.84 billion by 2026.
The food safety testing systems & services market is expected to grow from $XX million in 2017 to $19,629.4 million by 2022 at a CAGR of XX% from 2017 to 2022. This growth can be attributed to the increasing outbreak of foodborne illness, advancements in the usage of the latest technology for the food safety testing, stringent regulations, and globalization of food supply.
The fermented foods and ingredients market is expected to grow from $636.89 billion in the year 2016 to $888.76 by 2023, at a CAGR of 4.98% from 2017 to 2023.
The food traceability market is expected to grow from $11.63 billion in 2016 to $16.09 billion by 2022, at a CAGR of 5.56% from 2016 to 2022. This growth can be attributed to the rise in the food safety concerns within the food industry, which has led to an increase in the adoption of food traceability technologies across the globe.
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FoodTech
The food industry is witnessing the development and introduction of new food products, processes, and services. There have been developments at every stage of production, processing, and distribution of food items. This is helping companies in addressing several consumer demands and expectations such as, product sustainability, authenticity and transparency, changing dietary patterns, etc.
Food industry has understood the importance of integrating new technologies such as blockchain, nanotechnology & genetic engineering, IoT and 3D printing.
BIS Research explores the overall food industry by segregating it into two main segments. These are as shown in the figure below:
Innovative Food - The companies have come up with various types of innovative and processed food & beverages which are comparatively healthier and sustainable such as Cultured Meat, Plant Based Alternatives, Fermented Food, Lactose Free Dairy Products, and UHT Milk among others. BIS Research understands the pursuit of a healthier diet and believe in empowering clients to achieve their sustainability goals.
Food Manufacturing & Supply Chain – Technological innovations in the food industry are also driving the increasing use of digitalization in its supply chain. New technologies are being introduced to design, optimize, and manage the food supply chain. Companies are adopting the most advanced and productive technologies to safeguard and automate food manufacturing process. BIS Research focuses on providing insights on all technologies impacting the food supply chain.
Hundreds of businesses from this industry have trusted BIS Research’s insight reports to make those important decisions and grow in the market. From a geographical perspective, we are witnessing early adoption of deep technologies in the food market in the following countries: USA, Canada, Germany, Netherlands, Switzerland, U.K., France amongst many more.
Our customer base expands across several sections including small enterprises, medium-scale operations, Fortune 50 companies, as well as government organizations, venture capitalists and deemed universities.
The future of the food industry is expected to witness increased intervention of technologies in the entire food supply chain and rising demand of innovative food & beverages to fulfil the nutrition requirements. BIS Research is keeping a close watch on the latest food industry developments. In case you do not find a report of your choice in the list above, please feel free to contact us so that we can look at customizing one for you.
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