Rise in vegan population to strengthen product adoption, high protein concentration as compared to counterparts, multiple benefits of microalgae protein drive the growth of the global microalgae market.
The red wine market size was valued at $182.0 billion in 2020, and is projected reach $278.5 billion by 2028, registering a CAGR of 5.4% from 2021 to 2028.
Chocolate's massive consumption and production explains the growing appetite for cocoa, making cocoa the most widely consumed flavor in the food and beverage industry.
The growing emphasis on product performance and comfort is also a driving force of the industry; it has contributed to the rising demand for premium, high quality sportswear that is also fashionable.