Grand View Research, Inc. - Seite 2

The dairy alternatives market size was valued at USD 29.18 billion in 2023 globally and is projected to expand at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2030. The market is gaining momentum and witnessing a high demand owing to the shift in consumer eating patterns and changes in diet trends. The increasing occurrences of cases of milk allergies and lactose intolerances are expected to drive the demand further in the forecast period.

The global meat substitutes market size was valued at USD 18.78 billion in 2023 and is anticipated to register a compound annual growth rate (CAGR) of 42.4% from 2024 to 2030. Intensive animal farming has faced criticism from certain segments of society, as a result, this has given rise to the emergence of diets that either exclude or restrict the consumption of animal products. This is expected to facilitate the market growth for meat substitutes.

The bubble tea market size was valued at USD 2.75 billion in 2022 globally and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030. Increasing the intake of tea and coffee as nootropic drinks among working individuals and students is a major factor in the market growth. Moreover, the low-calorie contents and zero fat of such beverages are propelling the demand further. The growing popularity of various types of hot beverages is also likely to drive the demand for bubble tea.

Global energy drinks market size was estimated at USD 73.81 billion in 2023 and is projected to expand at a CAGR of 7.9% from 2024 to 2030. Energy drinks have become increasingly popular among fitness enthusiasts and athletes due to their ability to provide a quick energy boost. They have also gained traction among gamers seeking quick and convenient ways to maintain alertness and performance levels during marathon sessions and professional tournaments, which is driving market growth.

The avocado market size was valued at USD 14.85 billion in 2022 globally and is anticipated to register a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. Increasing focus on a healthy lifestyle and a growing number of buyers for healthy food products are driving market growth. Moreover, increasing awareness about nutritional values, a growing middle-class population, and rising import demand are expected to boost industry growth.