The global food traceability market is expected to grow at a CAGR rate of 5.56 percent, according to market intelligence agency Research and Markets.
The import volume of beef in 2016 in China increased by 22.4 percent compared to 2015, according to market intelligence agency Research and Markets.
The global cold chain market is forecast to grow at a CAGR of 12.4 percent between 2017 and 2021, according to Research and Markets.
India ranks among the top five markets in Asia Pacific in terms of beer volume sold, according to market research agency Research and Markets.
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.
The functional drinks market turnover reached US$8.79 billion in 2015, increasing significantly from US$3.73 billion in 2011.
Valuing at US$50 billion in 2014, the global energy drinks market is projected to grow at a CAGR of 3.5 percent between 2015 and 2020, according to Research and Markets.
Driving this growth are increasing demands for convenience, such as with office vending systems, refreshment drinks, and rising transport applications, reports Research and Markets.
With increasing urbanisation and increasing awareness of consumers of the importance of health, the global sports drinks market is surging, and the developing economies are expected to offer growth opportunities, reports Research and Markets.
Though it’s still an emerging regional segment market, it has been experiencing a rush in popularity in countries such as China and India which in turn will help the market to grow, reported Research and Markets.