Diabetic food market is estimated to grow at a 5.7% CAGR by 2020. The U.S. accounts for approximately 26.5 Million the diabetic population out of the total 346 Million diabetic population worldwide.
The increasing instances of celiac diseases among the global population (nearly 1%) is stimulating the growth for the gluten free food market. North American gluten free products market is estimated to grow at a CAGR of 11.4% from 2015 to 2020. More than 35% of the total U.S. population consumes gluten free food.
Increasing demand for Guar Gum from countries such as China, Germany & U.S. for their industrial purposes have resulted in shortage of supply which has spurt the prices. Increasing demand from oil & gas industry is fuelling the growth Guar Gum Market.
Due to the opportunities originating from cosmetics and livestock feed additive sectors, the lecithin market is progressing with a CAGR of 6.20% during the forecast period 2019-2025.
The major challenge in the meat substitutes market is that the awareness about the impact of meat on the environment is increasing at a very gradual pace.
The global Lactose-free Food market size is evaluated to be $10,750 million as of 2018, and raging opportunities to replace contemporary dairy products is intensifying the growth at a CAGR of 5.40% during the forecast period 2019-2025.
The processed egg market is led by North American whereas Asia-Pacific is witnessing growth due to the growing awareness about nutritional benefits of processed egg products
The global processed poultry and meat market is estimated to grow at a CAGR of 7.35% during the forecast period 2018â€“2023. Asia is the fastest growing market with a CAGR of 9.32%, which can be mainly attributed to the rising population, increase in their disposable income both in urban and rural areas and changing lifestyle.
North America is dominating sugar substitute market with more than 45% of market share in terms of sales ,owing to the high demand for low calorie foods and low intensity sweeteners
Breads & Rolls and Pizzas has very high demand as its revenues are driving the market.