The global market for canned seafood market is expected to grow at a CAGR of 6% during the forecast period of 2025 to 2033. The expansion of the industry is predicted to be driven by the rising demand for ready-to-eat seafood due to the improvement of the distribution infrastructure. According to the United Nations Food and Agriculture Organization, imports of canned tuna into the U.S. climbed by 15% in 2020.
The growing demand for liquid silicone rubber from the healthcare industry is driving the global liquid silicone rubber market. Liquid silicone rubber (LSR) has some great properties than its competitor materials such as high thermal stability, chemical stability, and electrical resistance. These properties made it the first choice in many industries such as automotive and electrical & electronics. In the medical field, the hygienic quality of LSR helps to reduce the spread of bacteria or fungi to the patient's body, and its flexibility and softness ensure comfort to patients.
The protein bars market expected to grow at a CAGR of 5.9% during the forecast period from 2025 to 2033, starting from US$ 1,471.25 Mn in 2021. Consumers nowadays are more inclined towards using convenience and high-protein content food products. As per recent research studies, about 90% of Americans purchase convenience food.
The global autonomous forklift trucks market is rising competently, probable to grow at a CAGR of 11.5% during the estimated period from 2025 to 2033. Growing demand for forklift trucks in various industries such as logistics, construction, infrastructural development, warehouse, and others will drive the demand for autonomous forklift trucks in the near future. Development of technologically advanced product for increasing the efficiency of material handling equipment will boost the market demand.
The global forklift trucks market is growing competently, expected to grow at a CAGR of 4.7% during the estimated period from 2025 to 2033, starting from US$ 38.71 Bn in 2021. Global growth in the e-commerce logistics industry and growing demand for modern material handling equipment will boost the forklift trucks market growth. Growing investments in the manufacturing, mining, and construction industry will also boost the market demand. The growth of retail industry worldwide will also boost the demand for forklift trucks.
Globally, the electronic shelf label (ESL) market is expected to grow with a CAGR of 16.8% during the forecast period from 2025 to 2033, starting from US$ 702.9 Mn in 2021. The market is propelled by the growing adoption of the automation across the retail sector. The retail sector is going through a phase of digital disruption. The emergence of the online shopping portals has led to the intensive competitive war among the retailers.
The global bakery processing equipment market was valued at US$ 13.44 Bn in 2021 and is expected to witness a noteworthy growth, expanding at a CAGR of 7.0% during the forecast period. Bakery industry has a significant position in the food processing industry. Growth in the production of bakery products is mainly attributed to its advantages over other processed food items. Bakery products are considered as convenient, ready to eat and possess satisfactory nutritional levels and thus have become essential food items of the vast majority of population.
Mobile food vehicles including food trucks, food carts, food trailers and bustaurants continue to be wheels for entrepreneurial opportunity and economic growth. The trend of mobile food vehicles transforming into and being a part of conventional brick-and-mortar restaurants is accelerating. Over the last decade, mobile food vehicles have offered a net positive to the already established restaurant industry in whichever city they have been set-up.
Eggs are considered as one of the most gifted food items after milk and tagged as complete food packed with several essential macro and micro-nutrients. Egg has been a part of human diet from hundreds of years and the demand for eggs continues to grow perpetually with the growth in global population.
Oats market is projected to reach US$ 10.03 Bn by 2026 with 4.2% CAGR during the forecast period from 2018 to 2026. In 2017, North America held the largest value and volume share in the global oats market and Asia Pacific is projected to be the fastest growing region between 2018 and 2026.
The food industry is projected to bring in $9.45 trillion in revenue by the year 2023. There is an expectation that the market will grow by 6.5% annually (CAGR 2023-2030). In 2023, the market volume that will be generated by the sector comprising confectionery and snacks will be the highest. It is expected that the volume of the food market will exceed 3,500 billion kg by the year 2030. It is currently anticipated that the average volume consumed by an individual in the Food market will reach 340 kg.
The demand for products with clean labels is skyrocketing due to a massive surge in information about healthy eating. Clean labels exclude additives, artificial flavor enhancers, fake colors, and artificial preservatives. In addition, a number of food service and grocery store networks post lists of forbidden ingredients for foods served in their restaurants or stores. Many producers and manufacturers are also increasing their use of natural ingredients and minimizing their reliance on artificial colors and flavors. Growing demand for functional beverages is another significant trend, with many individuals opting for particular beverages to stay hydrated and maintain nutritional balance. To capitalize on this market, businesses are introducing functional juices and water with health benefits including water balance, weight management, and improved digestion.
The food industry is a diversified collection of companies operating on a global scale that work together to provide the majority of the food that is consumed by the human population. The food business has evolved into a very varied sector, with manufacturing ranging from extremely labor-intensive, small-scale, traditional, family-run operations to highly capital-intensive, highly mechanized, large-scale industrial procedures. A great number of food-related businesses are nearly wholly reliant on the agriculture, animal farms, produce, and/or fishing of their immediate geographic area.
Food product and ingredient businesses have relied on Acute Market Reports as their go-to source for market research and consulting services. We analyze the global market by doing an in-depth analysis of micro and macro factors impacting the market, and future prospects of every micro market. We have spent over a decade perfecting a data-driven, analytical, and user-friendly approach to adopting an innovative and futuristic research model to better assist our global clientele in making informed business decisions.
