Market Analysis Reports

Market Analysis - Food Chemistry Congress 2024

In developing nations, the sectors of food, agriculture, and aquaculture hold significant importance as sources of national wealth. The global market for food technology is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 6.0%, reaching an estimated value of approximately $342.52 billion by 2027. Notably, spending on probiotic components and supplements surged from $27.1 billion in 2012 to $220.32 billion in 2019. Moreover, the processed food industry, comprising over 400,000 enterprises globally, boasts a market valuation exceeding $2 trillion. This growth can be attributed to favourable weather conditions, abundant natural resources, and cost-effective labour. Furthermore, the aquaculture sector is expected to drive substantial growth in North America and Europe, reflecting evolving industry trends.

The market for food flavours, valued at USD 14.30 billion in 2020, witnessed steady expansion, reaching $14.66 billion in 2021. It is anticipated to experience a CAGR of 4.64%, reaching $20.12 billion by 2027. This market analysis aims to segment, define, and forecast the global food and beverage flavours market based on factors such as usage, type, form, origin, and geographical location.

The global market for nutritional supplements, estimated at USD 155.2 billion in 2022, is projected to register a robust CAGR of 7.3%, reaching USD 220.8 billion by 2027. Increasingly, dietary choices are driven by the desire to boost essential nutrient intake, particularly in light of rising cardiovascular diseases among individuals aged 30 to 40 due to sedentary lifestyles and erratic eating habits. North America and Europe, the world's largest industrial hubs, dominate the market for food flavours and enhancers. The European market, in particular, stands out for its advanced development and stringent regulatory oversight, safeguarding consumers across various nations. In 2019, synthetic flavours accounted for a market worth of $9.27 billion, while natural flavours reached $3.74 billion in value.

The nutritional food market, valued at USD 5.40 billion in 2021, is projected to grow significantly to USD 11.08 billion by 2029, representing a robust CAGR of 9.40% during the forecast period of 2022-2029. This comprehensive market study, compiled by the Data Bridge Market Research team, encompasses expert analysis, patient epidemiology, pipeline analysis, pricing assessment, and regulatory framework evaluation. By 2026, it is expected to reach USD 7.9 billion, driven by shifting consumer preferences, heightened health consciousness, a burgeoning millennial population, and increased disposable income among consumers.

Conference Series LLC Ltd cordially invites all the actors across the globe to attend the 23rd World Congress on Nutrition and Food Chemistry during March 20 21, 2024 London, UK. The Food Chemistry Conferences Committee extends its warm greeting to all attendees. Sharing in Nutrition and Food Chemistry will give you a fantastic occasion to interact with top- league nutrition specialists, food druggists, clinical nutritionists, dieticians, and assiduity experts, opening a channel for hook-ups and collaborations. Conference Series publishes 700 open access journals with over 50000 prestigious individualities, fictional scientists as editorial board members and pundits and organizes 1000 global events annually across the USA, Europe, and Asia- Pacific regions with support from further than 1000 fresh scientific societies.