Author: MarketsandMarkets Research Pvt. Ltd.

Food

Pet Food Ingredients Industry Report Expected to Grow at $47.4 Billion by 2028

MarketsandMarkets Research Pvt. Ltd.Chicago, June 24, 2024 (GLOBE NEWSWIRE) — The global pet food ingredient the market size is estimated at USD 34.2 billion in 2023 and is expected to reach USD 47.4 billion by 2028, at a CAGR of 6.8% during the forecast period. The global pet food ingredients market has witnessed remarkable growth in recent years, driven by advances in pet nutrition research that have prompted the development of specialized ingredients that address the specific nutritional needs, thus contributing to market growth. The dynamic character of the industry reflects evolving trends in pet ownership, with more individuals choosing…

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Food

Insect Protein Is Emerging as the Next Big Trend

MarketsandMarkets Research Pvt. Ltd.The size of the global insect protein market will grow to $3.3 billion by 2027, recording a CAGR of 33.4% during the forecast period.Chicago, Feb. 14, 2024 (GLOBE NEWSWIRE) — Insect protein refers to protein obtained from insects, which are a diverse group of invertebrates belonging to the class Insecta. In recent years, there has been a growing interest in using insects as a sustainable and nutritious source of protein for human consumption. Insects are rich in protein, vitamins, minerals, and essential fatty acids, making them a reliable alternative to traditional protein sources such as meat, poultry,…

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