Globally, the demand side platform (DSP) software market is expected to grow with a CAGR of more than 25% during the forecast period from 2025 to 2033, starting from US$ 10.24 Bn in 2020. Demand-side platform is a software that helps the buyers in the digital advertising industry to keep a track of numerous data exchange and ad exchange accounts through a single common interface.
The online food delivery services market stood at US$ 81.56 Bn in 2017 and expected to grow at a CAGR of 9.8% during the forecast period from 2017 to 2026. Technology has made its presence felt in every sphere of our life. The food industry in this regards is no expectation either. The online food delivery services market has witnessed a significant growth in recent years.
3D food printing is an additive manufacturing technology that provides 3D effect to food. The technology is still in its development stage with key players investing considerable efforts to commercialize there products in the global market. 3D food printing technology is expected to emerge as promising segment of the overall 3D printing market owing to rising interest from commercial sector. Capability of producing customized and nutritional food is one of the major factors influencing the overall 3D food printing market positively.
Gluten-free food market expected to grow with a CAGR of 9.3% in terms of value during the forecast period from 2021 to 2029. Gluten is a special type of protein that is found in foods such as grains, cereals, and wheat. Gluten-free diets aims to keep the elasticity intact in food especially during the fermentation process of food production. It also helps to prevent foods from having doughy and sticky like texture. High cases of celiac disease in the U.S is driving the growth of North America gluten-free market.
The hand sanitizer market is evidencing a phenomenal transition post the covid 19 spread. WHO and FDA launched various awareness programs on public health hygiene and infection control in public and private locations. The increasing incidence of disease outbreaks, particularly viral outbreaks, hospital-acquired infections, and a large workforce in unsanitary conditions in developing countries is expected to drive global demand for hand sanitizers.
The food service disposables are generally the food containers that can be recycled after utilization or disposed off as a waste. Rising demand for on the go food items as well as inclination in the trend for online shopping has created necessity for food service disposables which is anticipated to impel the market during the forecast period.
This report analyzes the global mobile wallet market in terms of application, end-use, and geography. On the basis of application, the market is segmented into mobile commerce, money transfer, mobile recharge, utility and bill payments, and other applications.
Polylactic acid (PLA) is one of the most potential applications of lactic acid. It is a biodegradable lactic acid based polymer. It is the most common bio plastic in use today. It is widely used in packaging application followed by catering and technical material applications.
The mobile point of sales (mPOS) terminal market is expected to grow at a CAGR of 18.5 during the forecast period of 2025 to 2033. The term "mobile point of sale" (mPOS) refers to a portable system that can be loaded on mobile devices like smartphones and tablets to make the payment process easier. Because businesses just need to install mobile POS software on their portable devices like tablets or smartphones, mobile point-of-sale systems enable merchants to service their clients regardless of where they happen to be located. mPOS has swiftly emerged as a critical tool that enables shops of all sizes to accept card payments.
The global food service market is expected to cross US $5300 billion by 2030 growing at an anticipated CAGR of 11% during the forecast period of 2023 to 2031. Due to the increasing popularity of eating away from home, the food service business has developed. Using sophisticated techniques and technology has also enabled food service businesses to boost their output and streamline their operations, hence improving their overall efficiency. Migration and urbanization have exposed consumers to a variety of cuisines. In addition, increasing advertising for ethnic cuisine and expanding interest in diverse cuisines have contributed to the expansion of this industry. The creation of new types of enterprises to serve the food demand in institutions such as corporate offices, retirement communities, orphanages, and hospitals contributes to the expansion of the food service sector. In addition, institutional catering is prominent in developing nations such as India, Singapore, South Africa, Qatar, and the United Arab Emirates.
The increase in dual-income households and dining-out expenditures have contributed to the expansion of the global market. In addition, the rapid proliferation of food service establishments in both developing and developed nations has increased their popularity. The increasing preference of the millennial generation for fast food consumption trends will raise their expenditures on the quick service restaurant industry, which includes franchises.
In addition to the increased spending of local consumers, the expenditures of tourists on hotels and restaurants also contribute to the expansion of numerous regional marketplaces. While the tourism business has flourished in recent years, hotels and restaurants are introducing new types of cuisine to local markets in order to attract tourists from specific nations. This helps companies attract tourists and domestic consumers who are eager to taste new sorts of international cuisine. Thus, the rising cost of dining out is projected to stimulate the expansion of this sector.
Companies in Food Service Industry have relied on Acute Market Reports as their go-to source for market information and expert advice for over a decade. Using data on the past performance of local markets and projections for their future growth, we provide an overall assessment of the global market. During the past decade, we have worked to perfect a data-driven, analytical, and user-friendly approach to implementing an innovative and futuristic research strategy in order to better support our global customers in making intelligent business decisions.
