Technavio’s market research analysts foresee positive growth for many segments of the food industry in the next five years. In their recent findings, Technavio talks about three flourishing markets under the food industry that are anticipated to generate considerable revenues and grow at a consistent pace during the forecast period.
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Global Fast-casual Restaurants Market 2017-2021
Technavio analysts have predicted the growth prospects of the global fast-casual restaurants market by taking into consideration dining frequencies and culinary trends. Evolving choices on eating out coupled with fast-paced lifestyles are the driving force behind the increasing preference for fast-casual restaurants among consumers. The introduction of healthy options such as salads and fresh fruits, owing to the increased preference for healthy eating among consumers, is also anticipated to foster the growth of the global market for fast-casual restaurants between 2017 and 2021. Request a sample report
Global Baby Puffs and Snacks Market 2017-2021
The global market for baby puffs and snacks is projected to account for more than USD 4 billion in revenue by 2021. According to the research analysts at Technavio, the market’s growth is fueled by factors such as varied product portfolios and improving economic conditions. The market is currently witnessing an upsurge in demand for healthy baby puffs and snacks owing to the increasing preference for instilling healthy eating habits in children. The Americas are the largest revenue-generating geographical segment of the global baby puffs and snacks market. Request a sample report
Global Packaged Vegan Foods Market 2016-2020
Increased awareness about animal cruelty is encouraging people across the globe to embrace veganism, driving the growth of the global packaged vegan foods market. The surge in media buzz and celebrity endorsements promoting veganism is also propelling the demand for packaged vegan foods in the global market. Packaged vegan dairy alternative products are the most sought after products in the market currently. According to the analysts at Technavio, the increasing incidence of lactose and gluten intolerance coupled with a rise in number of vegans will propel the demand for these products through the forecast period. Amy’s Kitchen, Beyond Meat, Plamil Foods, Tofutti Brands, and WhiteWave Foods constitute the dominant players in the global vegan packaged foods market. Request a sample report
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