According to a new report published by Allied Market Research, titled, " Coconut Products Market by Type, Application, and Form: Global Opportunity Analysis and Industry Forecast, 2018-2026," the global Coconut Products Market Size was at $11.5 billion in 2018 and is anticipated to reach $31.1 billion by 2026, with a CAGR of 13.6% during the forecast period.
Dairy free cream liqueur market was valued at $1.5 billion in 2021, and is estimated to reach $4.2 billion by 2031, growing at a CAGR of 10.8% from 2022 to 2031.
In 2021, the almond milk segment occupied the largest share due to the neutral flavor as well as the creamy texture of almond milk.
Algae Protein Market Size was $361.4 million in 2020, and is projected reach $709.0 million by 2028, registering a CAGR of 8.9% from 2021 to 2028.
Tonic Water was valued at $805.4 million in 2019, and is projected to reach $1,168.9 million by 2027, registering a CAGR of 7.3% from 2021 to 2027. The market is expected to exhibit an incremental revenue opportunity of $363.5 million from 2019 to 2027. The tonic water market is propelled by the rise in demand for tonic water as a result of rise in preference for premium brands.
Leaders:
Bakery Processing Equipment Market size was $11.4 billion in 2018, and is expected to reach $18.7 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026.
Continuous technological advancements in the global bakery processing equipment market are expected to provide ample growth opportunities for equipment manufacturers and suppliers in the near future. Major players in the market are already shifting their focus toward innovation and technological advancements to maintain competitiveness and garner major market share.
Insect offers high-quality protein, amino acids, and vitamins for livestock as well as pet food. Insect based diet for livestock can potentially replace soymeal in their diet. The nutritious quality of fly larvae, meal worms, silkworm, locusts, among others are used in the diets of pigs, poultry, aquaculture, and ruminants. These insects offer 42%-63% higher protein content compared to traditional resources such as soymeal and fishmeal. Also, the palatability of insect feeds is higher and can replace 25 to 100% of soymeal and fishmeal depending on the animal for which it is being used.
non-alcoholic drinks market was valued at $820.0Billion in 2020, and is expected to reach $2,134.6 Billion by 2031 at a CAGR of 6.8%.The soft drinks segment is expected to retain its dominant position, in terms of revenue generation during the forecast period. Asia-Pacific held the leading position in the global market in 2020, and is expected to maintain its lead in the future. The market is expected to witness notable growth in the near future, owing to rise in urbanization and increased disposable income in the emerging countries.
Global Leaders:-
Packaged soups are a convenience food that can be consumed directly or prepared in very less time. There are different kinds of packaged soups available in the market that include creamy soup, vegan soup, organic soup, regular soup and more. These soups come in different flavors such as tomato flavor, smoked corn flavor, mixed vegetables flavors and others. In addition, expansion of distribution channels such as online stores, supermarkets, hypermarkets, and food service has made these packaged soups are easily available to customers, which, in turn, contributes to the market growth.
