Soy Dessert Market Size Worth $90.2 Billion By 2025

The global soy dessert market size is expected to reach USD 90.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.2% over the forecast period. Growing awareness about the health benefits, rising lactose intolerance, and shifting trends to healthy sweets are expected to drive the market in the forecast period.

Soy milk contains less fats, carbohydrates, and cholesterol as compared to dairy milk, thus rising health consciousness among young consumers is expected to increase the demand for the product in the coming years. The product is high in protein and it helps in weight loss thus are good for obese population. These are the prominent factors that are expected to drive the market for the product in the forecast period.

Based on distribution channel, hypermarket dominated the market and accounted for more than 65.0% share of the global revenue in 2018. Availability of a wide variety of the products under one roof, discounts, and presence of international players are the prominent factors for the segment growth. Online retailers is the fastest growing segment and is expected to witness significant growth in the forecast period. Increasing internet usage and penetration in the rural areas and ease of access to the young consumer group are propelling the demand for the segment in the forecast period.

Cakes and pastries dominated the market and accounted for more than 65% share of the overall revenue. Increased usage of the product in countries such as U.S and other European countries and high intolerance of lactose are driving the market for the product. Ice cream is the fastest growing segment and is expanding at a CAGR of 8.0% in the forecast period. Presence of a large number of flavors and pocket-friendly small packs are the prominent factors for the segment growth. In countries such as Brazil, consumption of ice cream is higher in comparison to cake.

North America is the dominant regional market and the region accounted for 28.0% share of the overall revenue. High lactose intolerance among consumers in countries such as Canada and U.S is the prominent factor driving the regional market. Asia Pacific is the fastest growing region and is expanding at a CAGR of 8.3% in the forecast period. Increasing awareness about health problems due to lactose in developing countries such as India and China and large consumer base of more than 34.0% of the global population are the prominent factors for the regional market growth.

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https://www.grandviewresearch.com/industry-analysis/soy-dessert-market

Further key findings from the study suggest:

By product, ice cream is projected to expand at a CAGR of 8.0% over the forecast years
Hypermarket is the most preferred distribution channel and it accounted for more than 65.0% share of the overall revenue in 2018
Asia Pacific is the fastest growing regional soy dessert market with a CAGR of 8.3% due to its large variety of products, advertisement, and discounts

Frozen Pizza Market Size Worth $25.2 Billion By 2027

The global frozen pizza market size is expected to reach USD 25.2 billion by 2027, expanding at a CAGR of 3.2%, according to a new report by Grand View Research, Inc. Rising demand for the ready-to-eat food coupled with the immense popularity of pizzas among millennials, the young generation, and the working-class population across the globe is the key factor for market growth. Moreover, changing lifestyles and food preferences owing to a busy work schedules are also offering new scope for the market.

Over the past few years, pizza has achieved massive popularity as an iconic dish among the young generation and working-class population across the world. Moreover, rising house party culture is offering new market opportunities across the globe. Frozen pizzas have evolved as a ready to prepare food item for small get together. It takes less than 20 minutes to be prepared and contains a healthy dose of veggies, carbohydrates, protein, calcium, fats, and vitamins. It is often enjoyed with salads and fizz drinks, which makes it perfect for small gatherings. These consumer trends are anticipated to drive the market over the forecast period.

North America dominated the market and accounted for a revenue share of more than 35.0% in 2019. The U.S. and Canada are the largest consumers of frozen food owing to their higher shelf life and popularity. The popularity of such products is so high in the U.S that the ‘National Pizza Day’ is celebrated every year on the 9^th of February. Moreover, according to Alto-Hartley, Inc., a kitchen equipment and installation company in the U.S., more than 40.0% of the U.S. population eats pizza every week. These consumer trends are propelling the demand for the product in the regional market.

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https://www.grandviewresearch.com/industry-analysis/frozen-pizza-market

Further key findings from the study suggest:

Regular was the largest product segment with a market share of more than 40.0% in 2019 and expected to maintain dominance over the forecast
The medium product segment is expected to witness a CAGR of 3.5% from 2020 to 2027. Rising trend of house parties among college grads, the young generation, and the working-class population is opening new scope for the product in the global market
HoReCa (Hotel/Restaurant/Café) was the largest distribution channel segment with a market share of more than 59.1% in 2019 and anticipated to maintain the dominance over the forecast period owing to the increasing occurrence of QSR (Quick Restaurant Services) chains
In Asia Pacific, the market is anticipated to witness a CAGR of 4.0% from 2020 to 2027. With the increasing popularity of pizzas in developing countries like China, India, Bangladesh, and the Philippines, the region is expected to remain one of the key potential regions.

Enhanced Water Market Size Worth $11.3 Billion By 2027

The global enhanced water market size is expected to reach USD 11.3 billion by 2027, expanding at a CAGR of 8.3%, according to a new report by Grand View Research, Inc. These products are extremely popular among people suffering from kidney stones, bladder infection, fever, vomiting, and diarrhea. Enhanced water is also highly recommended for pregnant and breastfeeding women. Moreover, these products are consumed by people involved in a high-intensity workout and sports enthusiasts. Increasing the adoption of enhanced water among all age groups is expected to positively influence market growth. Health benefits associated with these products, along with the rising interest of millennials in sports and fitness-related activities, play a substantial role in boosting the demand for electrolyte hydration drinks. Moreover, increasing the number of product launches to suit the changing need of customers is driving market growth.

In June 2020, Daily Edge launched a new Enhanced Fruit Drinks, which is intended for providing support to increase hydration level and improve gut functions. It claims to provide a natural performance boost to its consumers. The product is available in flavors such as coconut citrus, berry punch, blood orange mango, and tropical ginger. The company claims that the product is 100% natural, free from caffeine and dairy, with no-GMO ingredients, and does not require to be refrigerated.

Consumers are focusing on purchasing hydration beverages owing to the associated health benefits such as digestion and circulation and for enhancing their appearance since adequate hydration leads to clearer and healthier skin. Such benefits are expected to drive the consumption of electrolyte hydration drinks among health-conscious consumers. The shifting interest of millennials towards sports and fitness activities is expected to further drive the market across the globe.

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https://www.grandviewresearch.com/industry-analysis/enhanced-water-market

Further key findings from the report suggest:

Flavored products registered a sale of USD 3.6 billion in 2019. The product is preferred as it is a perfect replacement for all modern beverages that are not considered appropriate for health but yet are consumed because of their taste
The plain product category is expected to account for the largest revenue share during the forecast period with a CAGR of 8.6% from 2020 to 2027. These products are the perfect replacement for regular water and have the least possibility of having a certain color or flavor added to them.
The online distribution channel is expected to register the fastest CAGR of 8.9% during 2020 to 2027. The dominance of Generation Y, Z, and Alpha in the consumer segment who are more into shopping through the electronic media is driving the segment
In Asia Pacific, the market is expected to register a CAGR of 8.9% from 2020 to 2027. Rising spending on fitness among millennials in developing economies including China and India is expected to promote the scope of products such as hydration drinks among buyers.

Superfood Powders Market Worth $7.11 Billion By 2027

The global superfood powder market size is expected to reach USD 7.11 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. The demand for the product has been growing significantly over the world owing to its various health benefits. It helps to improve the immune system, natural detoxification, and metabolism. It is also a rich source of vitamins, fibers, and minerals. With the shifting consumer preference towards organic and natural diet, the food and beverage industry has been incorporating this product in several products.

In terms of product, the organic segment is expected to expand at the fastest growth rate over the forecast period. Manufacturers have been expanding their organic portfolio by introducing new products. For instance, in March 2029, Brandless, a U.S. based company, launched 15 new products, which include superfood powders, vitamins, essential oils, and supplements. The powder products comprise matcha, plant protein, and maca. All of its products are organic, gluten-free, and vegan.

North America held the largest market share of more than 40.0% in 2019. High consumption in countries, such as the U.S. and Canada, is anticipated to boost market growth during the forecast period. Furthermore, several major producers are based in the region. Over the past few years, consumers have been adding the product in numerous food and drink items in order to obtain the health benefits of the product.

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https://www.grandviewresearch.com/industry-analysis/superfood-powders-market

Further key findings from the report suggest:

The organic product segment is expected to witness the fastest growth during forecast years with a CAGR of 6.7% from 2020 to 2027. Growing demand for organic products among the health-conscious consumers is expected to fuel the segment growth over the next few years
The online distribution channel is expected to witness the fastest growth during forecast years with a CAGR of 7.5% from 2020 to 2027. An increasing number of companies launching e-commerce websites is boosting the online sales of the product
Asia Pacific is expected to witness the fastest growth during forecast years with a CAGR of 7.4% from 2020 to 2027. The rising importance of health wellness among millennials in developing countries, including China and India, is expected to remain a favorable factor for the industry growth
North America dominated the market and accounted for over 40.0% share of the global revenue in 2019. Wide penetration of the product in the U.S. and Canada is expected to be a key reason behind the growth.

Tonic Water Market Size Worth $3.0 Billion By 2027

The global tonic water market size is expected to reach USD 3.0 billion by 2027, expanding at a CAGR of 7.2%, according to a new report by Grand View Research, Inc. Growing consumer drink preferences to ‘Gin and Tonic’ across the globe is the key driving factor for the market. Moreover, increasing the use of tonic water to serve vodka and to make various types of popular cocktails is also offering new scope for the industry.

Over the past few years, consumer’s preference has shifted towards gin, vodka, and various other popular cocktails. Tonic water provides a bitter and flavored edge to these spirits and cocktails. Generally, most of the recipes have 1:1 to 1:3 tonic water to gin ratio. These consumer trends are anticipated to boost the market on a global level over the forecast period.

Such product forms are capable of excellent medicinal properties and help to treat malaria and babesiosis. These medicinal properties are also fueling the demand for the product and anticipated to foresee a high growth rate over the forecast period.

North America was the largest market, with a share of more than 30.0% in 2019. The U.S. and Canada are the largest consumers of tonic water which offers a huge opportunity in North American. Moreover, these two countries are also a large consumer of gin with which the product is widely consumed.

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https://www.grandviewresearch.com/industry-analysis/tonic-water-market

Further key findings from the study suggest:

The regular segment dominated the industry with a revenue share of more than 75.0% in 2019 and expected to maintain the dominance over the forecast period owing to the wide range of products widely available on a global level
The diet segment is anticipated to witness a CAGR of 7.7% from 2020 to 2027 owing to the rising popularity of sugarless and low-calorie products among consumers across the globe
Hypermarket, supermarket, and convenience stores was the largest distribution channel segment with a share of more than 54.0% in 2019. The segment is anticipated to maintain dominance over the forecast period. A large number of companies such as Walmart, Tesco, 7Eleven, Auchan, Sainsbury’s, Apar, and Aldi have maximum customer penetration in North America and Europe
North America accounted for a revenue share of more than 30.0% in 2019. The U.S. and Canada are the largest consumers of tonic water, offering a huge opportunity for the market in North America.

Cake Market Size Worth $55.78 Billion By 2027

The global cake market size is expected to reach USD 55.78 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% from 2020 to 2027. Rising consumers’ preference for celebrating all special occasions and festivals by cutting cakes is the key factor for the market growth. Moreover, increasing the adoption of cakes as a snack among the working-class population and the young generation is anticipated to offer new scope for the market over the forecast period.

Over the past few years, people around the globe have started celebrating every single moment of success, happiness, and occasion. This has introduced a trend of cake cutting and a small get-together party. These occasions may include birthdays, weddings, marriage anniversary, Christmas, Valentine’s Day, work anniversary, and various other special calendar days. The young generation, millennials, and working-class population have started celebrating their promotions, college scholarships, and even their pet’s birthday. In short, cake has become a way to celebrate very special moments of life. These consumer trends are propelling the demand for the cake at the global level.

Various confectionary companies are launching their products in cake flavor in order to cater to the rising customer demand for the cakes. For instance, in December 2019, Dunkin’ Brands in Japan launched delicious and icy cake featuring some of the most familiar characters from the iconic series, the ‘Galaxy Palette’ under the brand name ‘Baskin Robbins’. These new product launches are propelling the demand in the market.

Europe emerged as the largest regional market with a share of more than 30.0% in 2019. European countries such as Switzerland, Belgium, France, Italy, and Austria are famous for their delicious bakery products, especially cakes. Furthermore, new product launches in terms of gluten-free cakes and pastries targeted for health-conscious consumers are expected to have a positive impact on industry growth.

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https://www.grandviewresearch.com/industry-analysis/cakes-market

Further key findings from the study suggest:

The dessert product segment accounted for the largest share of 50.5% in 2019 and is expected to maintain its lead over the forecast period owing to predominant consumption of these products during celebration occasions and parties
Sponge products are expected to expand at the fastest CAGR of 3.7% from 2020 to 2027 on account of the rising popularity of these products among young consumers across the globe as they have a high shelf life as compared to dessert cakes
By distribution channel, specialist retailers accounted for the largest share of more than 50.0% in 2019 and are anticipated to maintain its lead over the forecast period. Various domestic players have their own specialty stores with a wide range of artesian, dessert, and sponge product variants
Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of 3.8% from 2020 to 2027. The rising popularity of bakery products in middle-income groups in key economies, such as China and Japan, is expected to have a positive impact on the industry growth.

Vegan Cheese Market Size Worth $2.66 Billion By 2027

The global vegan cheese market size is expected to reach USD 2.66 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.8% from 2020 to 2027. Expanding acceptance of veganism and “Flexitarianism” among the millennial consumers has been fueling the demand for the product. Rising awareness regarding the harmful impacts of the dairy industry on the environment and animals has persuaded consumers to opt for dairy-free products. Moreover, growing health awareness among the lactose intolerant people is another key driver in the industry.

Mozzarella dominated the market with more than 30.0% share of the global revenue in 2019. Extensive application of the product in various Italian foods, including pizzas, pasta, croquettes, risotto, lasagna, and Caprese, has surged the demand for the product. The ricotta product category is projected to expand at the fastest CAGR over the forecast period due to the increasing use of the product in various recipes.

In terms of end-use, the household segment led the market and held over 50.0% share of the global revenue in 2019. Rising purchasing power and willingness to spend on quality food products have expanded the demand for the product in the household sector. The foodservice segment is anticipated to witness the fastest growth during the forecast period. An increasing number of restaurants, fast-food chains, and cafes, are including plant-based items in their menus, which is fueling the demand for the product in the foodservice sector. Increasing use of the product in several pizza chains, such as Pizza Express and Koti Pizza, has boosted the segment growth across the globe.

New players have been entering the market to tap the growing demand for the product. For instance, in 2019, Pleese Foods, a U.S.-based plant-based cheese producer, entered the industry with a range of products available in various forms and flavors.

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https://www.grandviewresearch.com/industry-analysis/vegan-cheese-market

Further key findings from the report suggest:

Asia Pacific is projected to witness the fastest growth with a CAGR of 14.3% from 2020 to 2027 owing to rising adoption of plant-based food in China, Japan, and Australia
The household end-use segment dominated the market by accounting for over 50.0% share of the global revenue in 2019
In terms of source, the cashew segment held the largest share of more than 35.0% in 2019
The mozzarella product segment led the market and accounted for more than 30.0% share of the total revenue in 2019 due to its extensive application in various food recipes.

Sugar-free Confectionery Market Size Worth $2.81 Billion By 2027

The global sugar-free confectionery market size is expected to reach USD 2.81 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% from 2020 to 2027. Rising awareness regarding health and wellness among millennials as a result of an increasing number of advertising campaigns aimed at fitness improvement is expected to increase spending on sugar-free confectionery. Furthermore, rising concerns over dental problems resulted from excess consumption of conventional candies are expected to compel the buyers to purchase alternative confectionery products, which lower the existence of oral health problems.

New manufacturing processes have been a major factor contributing to the market growth. In July 2020, Mondelez International, Inc. patented a process for manufacturing chocolate confectionery using soluble corn fiber to reduce the sugar and calorie content. This is expected to cut down the sugar content by over 50%. Along with this, it does not alter the composition of the chocolate significantly.

Sweet and candy confectionery is projected to witness the fastest growth with a CAGR of 5.8% from 2020 to 2027. Parents promoting the consumption of these among kids over the conventional confectionery in order to reduce the risks pertaining to decay and erosion of teeth is leading to rising demand for the product.

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https://www.grandviewresearch.com/industry-analysis/sugar-free-confectionery-market

Further key findings from the study suggest:

By product, chocolate confectionery accounted for the largest share of more than 40.0% in 2019. The popularity of chocolate, along with the adverse effects of sugar on the physique, has led to the popularity of chocolate confectionery
Based on the distribution channels, hypermarkets and supermarkets accounted for the largest share of more than 35.0% in 2019. This is attributed to the one-stop shopping experience these channels offer to their customers
The online and D2C segment is expected to witness the fastest growth with a CAGR of 6.4% from 2020 to 2027. The major advantage associated with the channel is that it offers the manufacturers an opportunity to break the physical barriers and establish a large consumer base
North America held the largest share of over 35.0% in 2019. Increased awareness among buyers regarding sugar-free alternatives among health-conscious consumers of the U.S. and Canada is expected to remain a favorable factor for the regional market growth
Asia Pacific is projected to foresee the fastest growth at a CAGR of 6.3% from 2020 to 2027. This growth is attributed to the increased willingness to pay a premium price for confectionery products among the middle-class population in emerging economies, such as China and India.

Air-dried Food Market Size Worth $165.34 Billion By 2027

The global air-dried food market size is expected to reach USD 165.34 billion by 2027, expanding at a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. Shifting consumer preference for healthy and convenient diet is expected to expand the scope of air-dried food in the years to come. Additionally, technological advancement in air-drying process has paved the way for the food and beverage industry participants to launch convenience products, which retain the nutritional value for longer time, along with addressing the buyers’ convenience.

Coffee beans led the market with over 30% share of the total revenue in 2019. Increased popularity of instant coffee or coffee powder is boosting the segment growth. The fruits and vegetables segment is projected to witness the fastest growth in the upcoming years. These air-dried food products are gaining traction among the health-conscious consumers due to their nutritional value. Furthermore, it has become a convenient meal for outdoor activities, such as camping and hiking, owing to its long shelf life and lightweight.

In terms of application, the commercial segment dominated the market in 2019 owing to widespread usage of the product in the bakery and confectionary industry, hotels and restaurants, instant meal industry, and pet industries. The household application segment is anticipated to witness the fastest growth over the forecast period. Changing consumption pattern, rapid urbanization, and expansion of e-commerce will boost the demand for the product in the household segment.

Air-dried chunks/pieces are projected to expand at the fastest CAGR of 7.8% from 2020 to 2027. Growing utilization of these forms in several products, such as snacks, ready-to-eat kits, cakes, and pastries, is fueling the growth of the chunks/pieces form in the industry.

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https://www.grandviewresearch.com/industry-analysis/air-dried-food-market

Further key findings from the report suggest:

In terms of product, coffee beans dominated the market in 2019 with over 30% share of the global revenue owing to extensive application scope in the household and commercial segments of the food and beverage industry
The household application segment is expected to expand at the fastest CAGR of 7.5% from 2020 to 2027. Shifting preferences among millennials to cook food at home as a result of increased number of recipe videos posted on social media and satellite television channels is expected to prompt the demand for air-dried product forms as convenient options
Asia Pacific is expected to register the fastest CAGR of 8.0% from 2020 to 2027 owing to rising demand for ready-to-eat and make-ahead meals among the working class population groups in countries, including China and India
Major players in the market include Dehydrates Inc.; Saraf Foods Pvt. Ltd.; Berrifine A/S; La Frubense; BCFoods, Inc.; Nestle S.A.; B-B Products (Australia) Pty Ltd; DMH Ingredients, Inc.; and HOWENIA ENTERPRISE CO., LTD.

Gluten-free Pizza Crust Market Size Worth $3.1 Billion By 2025

The global gluten-free pizza crust market size is anticipated to reach USD 3.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% over the forecast period. Increase in the impact of western culture and rise in disposable income are some of the factors for the growth of the market. Rise in the number of pizza outlets may lead to the market growth in the upcoming years.

Growing awareness related to health among people and increase in the prevalence of celiac diseases are expected to be the major factors driving the market for gluten-free pizza crust. It was surveyed that 1 in 20 Americans are diagnosed with gluten sensitivity, which may cause severe health problems. It is essential to make changes in the diets and food habits in order to decrease the occurrence of celiac disease. Thus, the bakery industry manufacturers have been developing different gluten-free pizza crust products. Pizza consumption is maximum in regions like North America and Europe.

North America held the largest share and generated a revenue of USD 692.7 million in 2018. The growth of market is attributed to rising awareness among consumers related to the benefits of having no gluten in the pizza crust products. Many innovative and new flavor products are launched, which may lead to the market growth.

For instance, in 2018,Schwan’s Consumer Brands, Inc. launched two new and innovative flavors of Freschetta Gluten Free Pizza during an awareness program related to celiac diseases. Tuscan style chicken and spinach and roasted mushroom ae the tow new flavors that make people not to change their taste due to different health conditions. This Freschetta Gluten-free Crust has been certified by the National Celiac Association for providing unique flavors, while considering health of people.

Asia Pacific is the fastest growing region, expanding at a CAGR of 7.1% during the forecast period. India has over half of the population that is beneath the age of 30 and is known to have the most significant young generation, thereafter China, Indonesia, and U.S. Young population may be the reason for the growth of the market during the forecast period.

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https://www.grandviewresearch.com/industry-analysis/gluten-free-pizza-crust-market

Further key findings from the study suggest:

By product, the conventional segment held more than 65.0% share of overall revenue in 2018. The organic segment is anticipated to ascend at a CAGR of 6.9% over the forecast period
Based on end use, the retail segment was valued at USD 713.2 million in 2018 and is projected to exhibit high growth in the next few years
U.S. emerged as the biggest consumer of gluten-free pizza crust in 2018 and is expected to witness significant growth over the forecast period
The gluten-free pizza crust market is highly competitive with the leading players including Udi’s Gluten Free, Glutino, King Arthur Flour, Namaste Foods, Nu Life Market, Bob’s Red Mill, Cup4Cup, and Vicolo
North America dominated the global market in 2018, accounting for 35.0% share of the global revenue. This trend is projected to continue over the next few years
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.