Plant-based food and drink ingredients market to reach $ 4.5 billion by 2027, according to GMI

Plant-based food and drink ingredients market to reach $ 4.5 billion by 2027, according to GMI

The herbal food and beverage ingredients industry is expected to register a CAGR of around 20% through 2027 due to a significant increase in the prevalence of chronic lifestyle diseases such as obesity , heart problems and diabetes.

Selbyville, Delaware, January 11, 2022 (GLOBE NEWSWIRE) –

Global ingredients market for plant-based foods and beverages Expected to exceed $ 4.5 billion by 2027, according to a new research report from Global Market Insights Inc. Increased consumer preference for healthy and nutritional food products and growing demand for functional foods and supplements are expected to influence positively the overall expansion of the market on a global scale.

Moreover, the increase in cases of lactose intolerance and milk allergies and a significant shift of consumers towards high protein foods and drinks will further boost the market statistics during the forecast period.

Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/5170

The market for ingredients for plant-based foods and beverages from prebiotics is expected to register a CAGR of over 19.5% during the forecast period. The demand for prebiotics in plant-based foods and beverages is driven by increasing consumer awareness of the health benefits offered by prebiotics and by an increased use of prebiotics in functional food products to promote digestive health.

Some of the key findings of the Herbal Food and Beverage Ingredients Market report include:

  • The probiotic product segment is expected to grow at a 20% CAGR during the forecast period due to increasing consumer awareness of the health benefits associated with probiotic fortified foods and beverages, coupled with the growing awareness of health among people.

  • The sweet and savory snack apps segment is expected to surpass $ 515 million by 2027, due to a busy schedule and fast-paced lifestyle.

  • Major players in the global market are focusing on strategic initiatives such as product portfolio expansion, mergers and acquisitions and partnerships, to meet the growing demand for ingredients used in plant-based foods and beverages at worldwide.

  • Asia-Pacific comprises a significant share of the global market and is expected to grow with a CAGR of over 18.5% due to the rapid growth of the food and beverage industry.

Browse key industry insights spread over 795 pages, 999 market data tables and 60 figures and charts in the report “Plant Based Food and Beverage Ingredients Market Size by Product (Probiotics, Proteins & Amino Acids, Phytochemical & Plant Extracts, Prebiotics, Specialty Carbohydrates, Fatty Acids, Vitamins, Minerals, Enzymes, Fiber Food Texturants), Application ( Plant Based Milk & Derivatives, Bakery & Confectionery, Sweet & Savory Snacks, Plant Based Juices, RTD Tea & Coffee, RTE & RTC Meals), Industry Analysis Report, Regional Outlook, Application Potential , price trend, competitive market 2021-2027┬╗In detail with the table of contents:

https://www.gminsights.com/industry-analysis/ingredients-market-for-plant-based-food-beverages

Rising consumer spending on high-end plant products fortified with FOS due to the increasing prevalence of digestive disorders and increasing demand for low-calorie sweeteners is expected to fuel product adoption during the forecast period. Inulin is recognized as a product generally recognized as safe (GRAS), which should have a positive impact on the demand for products in the future.

The European herbal food and beverage ingredients market is expected to experience a CAGR of over 20.5% through 2027. Growing consumer awareness and growing number of health issues due to developments lifestyles and eating habits have increased the demand for functional and natural ingredients in the region. Growing globalization in European countries is propelling the food industry, thus increasing the growth of the regional market.

Browse the table of contents for this report @ https://www.gminsights.com/toc/detail/ingredients-market-for-plant-based-food-beverages

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services, providing syndicated and personalized research reports as well as advisory services. growing. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid in strategic decision making. These comprehensive reports are designed using a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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