The global alternative protein market size was USD 15.38 billion in 2023, calculated at USD 16.65 billion in 2024 and is expected to reach around USD 36.37 billion by 2034, expanding at a CAGR of 8.23% from 2024 to 2034. The North America alternative protein market size reached USD 5.84 billion in 2023. Rising awareness about the benefits of plant-based protein can increase the alternative protein market.
The global microalgae market size was USD 11.86 billion in 2023, calculated at USD 12.81 billion in 2024 and is expected to reach around USD 25.72 billion by 2033, expanding at a CAGR of 8.05% from 2024 to 2033. Microalgae are beneficial for humans and the ecosystem as they absorb carbon dioxide and release oxygen during photosynthesis.
The global tocopherol market size was USD 520.16 million in 2023, calculated at USD 555.11 million in 2024 and is expected to reach around USD 996.77 million by 2033. The market is expanding at a solid CAGR of 6.72% over the forecast period 2024 to 2033. As tocopherol has skin-nourishing and anti-aging qualities, it is frequently utilized in cosmetics and personal care products.
The global food contract manufacturing market size was USD 144.06 billion in 2023, calculated at USD 158.06 billion in 2024 and is expected to reach around USD 364.25 billion by 2033. The market is expanding at a solid CAGR of 9.72% over the forecast period 2024 to 2033. The demand for food contract manufacturers is being driven by the growing emphasis on sustainability and minimizing the environmental effect of food production, this can boost the food contract manufacturing market.
The global industrial starch market size was USD 117.42 billion in 2023, calculated at USD 125.67 billion in 2024 and is expected to reach around USD 231.63 billion by 2033, expanding at a CAGR of 7.03% from 2024 to 2033. The growing application of industrial starch as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient is anticipated to generate high demand for the product over the forecast period.
The global soy protein ingredients market size was USD 5.52 billion in 2023, calculated at USD 6.07 billion in 2024 and is expected to reach around USD 14.37 billion by 2033. The market is expanding at a solid CAGR of 10.04% over the forecast period 2024 to 2033. The rising demand for natural protein sources is driving the growth of the market.
The global beverage premix market size was USD 66.30 billion in 2023, calculated at USD 69.63 billion in 2024 and is expected to reach around USD 108.30 billion by 2033, expanding at a CAGR of 5.03% from 2024 to 2033. The beverage premix market is driven by the rising consumer demand for quick-to-drink and handy products.
The global laser hair removal market size was USD 23.20 billion in 2023, calculated at USD 25.40 billion in 2024 and is expected to reach around USD 57.59 billion by 2033, expanding at a CAGR of 9.52% from 2024 to 2033. The growing demand for bakery products significantly increases the demand for the bakery contract manufacturing market.
The global commercial seeds market size was USD 79.96 billion in 2023, calculated at USD 86.47 billion in 2024 and is expected to reach around USD 174.88 billion by 2033, expanding at a CAGR of 8.14%from 2024 to 2033. The ability of commercial seeds to maximize crop yield whilst decreasing arable land is the significant factor driving the commercial seeds market growth.
The global healthy snacks market size was USD 96.02 billion in 2023, calculated at USD 101.99 billion in 2024 and is expected to reach around USD 175.56 billion by 2033, expanding at a CAGR of 6.22% from 2024 to 2033. Changing dietary preferences among the urban population is observed to support the expansion of the healthy snacks market.
The global pulse ingredients market size was USD 21.80 billion in 2023, calculated at USD 22.48 billion in 2024, and is expected to reach around USD 29.67 billion by 2033, expanding at a CAGR of 3.13% from 2024 to 2033. The multipurpose use of pulse ingredients in various processes and other food items drives the growth of the market.
The global propolis market size was USD 720.13 million in 2023, calculated at USD 736.91 million in 2024, and is expected to reach around USD 906.65 million by 2033, expanding at a CAGR of 2.33% from 2024 to 2033. The growing demand for antioxidants across the world is driving the growth of the propolis market.
The global energy gel products market size was valued at USD 590.24 million in 2023 and is anticipated to reach around USD 1,229.01 million by 2033, growing at a CAGR of 7.61% from 2024 to 2033. The growing health and fitness awareness in the younger generation is driving the expansion of the market.
The global food certification market size was valued at USD 10.12 billion in 2023 and is anticipated to reach around USD 27.34 billion by 2033, growing at a CAGR of 10.45% from 2024 to 2033. Food certification helps improve efficiency, food safety, customer confidence, and market access. Improves respect from the customers, which helps to the growth of the market.
The global plant-based protein supplements market size was valued at USD 2.69 billion in 2023 and is anticipated to reach around USD 6.04 billion by 2033, growing at a CAGR of 8.42% from 2024 to 2033. These supplements help fight disease, live longer, and look and feel younger. They are also great sources of iron, fiber, and essential nutrients that help the plant-based protein supplements market grow.
The global light beer market size was valued at USD 312.90 billion in 2023 and is anticipated to reach around USD 401.32 billion by 2033, growing at a CAGR of 2.52% from 2024 to 2033. The primary reason behind this market's growth is a rise in fitness awareness among beer consumers.
The global pork meat market size was valued at USD 279.90 billion in 2023 and is anticipated to reach around USD 411.15 billion by 2033, growing at a CAGR of 3.92% from 2024 to 2033. Rising disposable incomes in developing and developed countries have significantly changed people's eating habits as they tend to satisfy their test buds, which is the major driving factor of the pork meat market globally.
The global mycoprotein market size was valued at USD 704.18 million in 2023 and is anticipated to reach around USD 1,376.19 million by 2033, growing at a CAGR of 6.93% from 2024 to 2033. The rising demand for sustainable protein sources is driving the growth of the mycoprotein market.
The global baby drinks market size was valued at USD 36.40 billion in 2023 and is anticipated to reach around USD 78.08 billion by 2033, growing at a CAGR of 7.93% from 2024 to 2033. The growing demand for chemical-free formula for babies can boost the baby drinks market.
The global precision fermentation ingredients market size was valued at USD 3.24 billion in 2023 and is anticipated to reach around USD 120.08 billion by 2033, growing at a CAGR of 43.50% from 2024 to 2033. Primary reasons behind the growth of this market is a rising trend of veganism and people willing to diversify their dietary preferences.
The global plant-based milk market size was valued at USD 3.32 billion in 2023 and is anticipated to reach around USD 8.87 billion by 2033, expanding at a CAGR of 10.32% from 2024 to 2033. The rise in vegan and vegetarian lifestyles has contributed significantly to the demand for plant-based milk market. And thereby fuelling the plant-based milk market further over the forecast period globally.
The global dextrose market size was valued at USD 6.20 billion in 2023 and is anticipated to reach around USD 13.32 billion by 2033, expanding at a CAGR of 7.95% from 2024 to 2033. The dextrose market is driven by the growing market for food items with fewer calories.
The global gelatin substitute market size was valued at USD 2.98 billion in 2023 and is anticipated to reach around USD 5.38 billion by 2033, growing at a CAGR of 6.08% from 2024 to 2033. The development of plant-based gelatin substitutes may be an opportunity for the market to grow.
The global organic seed market size was valued at USD 3.90 billion in 2023 and is anticipated to reach around USD 11.20 billion by 2033, growing at a CAGR of 11.12% from 2024 to 2033. People are becoming more aware of the harmful effects of synthetic chemicals used in conventional farming process. Contrary, Organic seeds, being free from such chemicals are driving the markets growth highly.
The global fish protein hydrolysate market size was valued at USD 317.20 million in 2023 and is anticipated to reach around USD 449.20 million by 2033, growing at a CAGR of 3.54% from 2024 to 2033. Consumers rising awareness for nutrient-rich food supplements with chemical free and low toxicity for animal and pet feed is bolstering the demand for fish protein hydrolysate and helps in the market's growth on a global level.
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