The meat substitutes market is projected to grow at a CAGR of 6.6 percent from 2016 to 2022, according to market research agency ReportLinker.
India ranks among the top five markets in Asia Pacific in terms of beer volume sold, according to market research agency Research and Markets.
India is now one of the world’s fastest growing chocolate confectionery markets, with sales growing by 13 percent between 2015 and 2016, according to Mintel.
The baking ingredients market is estimated at US$13 billion in 2017, and is projected to grow at a CAGR of 5.4 percent to reach US$16.9 billion by 2022, according to Research and Markets.
China’s stevia market has been growing steadily, resulting in manufacturers finding ways to capitalise local and worldwide demand, according to CMM.
Indonesia is among the fastest growing processed meat and poultry markets globally with a CAGR of 26.7 percent, followed by India at 22 percent.
The food emulsifiers market is projected to grow at a CAGR of 5.5 percent from 2017, according to market research by Report Buyer.
Accounting for 15.3 percent of the global sparkling water market at the moment, the Asia Pacific market is forecast to grow at a CAGR of 3.67 percent through 2020, reports Technavio.
With consumers becoming increasingly health-conscious, more are opting for plant-based dairy alternatives to reduce their dairy intake, as well as to benefit from the multiple advantages they offer. By Aslam Shaikh, research analyst, food and beverage domain, MarketsandMarkets