The global lactose-free dairy products market was valued at $14,653.5 million in 2023 and is expected to reach $29,158.8 million by 2033, growing at a CAGR of 7.12% in the forecasted period of 2023-2033.
The cultured meat market, which is expected to be valued at $1,154.8 million in 2024, is anticipated to undergo substantial expansion, reaching an estimated $3,810.6 million by 2033.
The Middle East and Africa's UHT milk market is experiencing notable growth, driven by changing consumer lifestyles, urbanization, and the increasing demand for convenient and long-lasting dairy products.
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.
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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 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 Cultured Meat Market to Reach $94.5 Billion by 2030.
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 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 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 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 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.
Global Cultured Meat Market to Reach $94.5 Billion by 2030.
Global Lactose-Free Dairy Products Market Anticipated to Reach $12.09 Billion by 2025.
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.
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Innovative Foods
Innovative Food Market & Industry Overview
The innovative food market is a dynamic sector driven by technological advancements, consumer demand for healthier and sustainable options, and emerging food trends. It encompasses a wide range of products and solutions, including plant-based alternatives, novel ingredients, functional foods, and advanced processing techniques. Key players in the industry include start-ups, food manufacturers, research institutions, and technology companies. The industry is characterized by rapid innovation, collaboration, and continuous product development. Challenges in the market include regulatory compliance, consumer acceptance, and scaling up production. However, it presents significant opportunities for growth, increased market share, and addressing global food sustainability challenges. Overall, the innovative food market is reshaping the future of food production and consumption, catering to the evolving needs and preferences of consumers.
BIS report provides an overview of the innovative food market, including its key players, trends, and growth opportunities. By examining consumer preferences, technological advancements, and market dynamics, this report aims to identify potential strategies for businesses to thrive in this rapidly evolving sector.
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