Press Releases by Category Food & Beverage
D-Mannose Market Expected to Reach US$ 1.72 Billion by 2034 | Fact.MR
The global D-Mannose market is poised for steady growth, with a projected market value of US$ 1.3 billion in 2024, expected to expand at a compound annual growth rate (CAGR) of 2.9% to reach US$ 1.72 billion by 2034. According to a comprehensive report by Fact.MR, the increasing consumer preference for natural and plant-based supplements, particularly for urinary tract health, is driving this market expansion. This press release highlights the…
Cyclodextrin Market is Projected to Reach US$ 16.05 Billion by 2034
The global cyclodextrin market is on a robust growth trajectory, driven by increasing demand across pharmaceuticals, food and beverages, cosmetics, and other industries. According to a detailed report by Fact.MR, the market, valued at US$ 8.78 billion in 2024, is forecasted to expand at a compound annual growth rate (CAGR) of 6.2%, reaching a valuation of US$ 16.05 billion by 2034. This press release highlights the key drivers, trends, and…
United States Palm Oil Market Size, Share, Trends, Industry Analysis & Forecast …
Market Overview 2025-2033
United States palm oil market size reached USD 13.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5% during 2025-2033. The United States palm oil market is witnessing significant expansion, fueled by growing consumer awareness regarding healthy dietary choices, increasing demand for plant-based products, and a surge in culinary experimentation.
Notable trends include the…
[Latest] Japan Food Flavor And Enhancer Market Trends: Importance and Strategic …
Japan Food Flavor and Enhancer Market Outlook and Investment Analysis
Q1: What is the current outlook of the Japan Food Flavor and Enhancer Market?
The Japan Food Flavor and Enhancer Market is witnessing steady growth driven by increasing consumer demand for processed and convenience foods. Urbanization, a growing middle class, and a rising preference for international cuisines contribute to this trend. Key flavors gaining traction include umami-rich enhancers and natural flavorings, as…
Baking Mixes Market Share, Size, Demand, Trends Key Players by Forecast 2031
The Insight Partners announces the research on Global Baking Mixes Market, it covers the key boundaries Required for your Research Need. This Global Baking Mixes Market Report covers worldwide, local, and nation level market size, pieces of the overall industry, ongoing pattern, the effect of covid19 on worldwide
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Key Players in Baking Mixes Market:
• ARCHER-DANIELS-MIDLAND COMPANY
• ASSOCIATED BRITISH FOODS PLC
• BAKELS GROUP
• CARGILL, INCORPORATED
• DAWN FOOD PRODUCTS,…
Next-Gen Sports Nutrition in North America | Functional Ingredients Drive Demand …
North America Sports Nutrition Market reached US$ 52.16 billion in 2024 and is expected to reach US$ 129.42 billion by 2032, growing with a CAGR of 12.03% during the forecast period 2025-2032.
The North America Sports Nutrition Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions…
Liquid Allulose Market Size, Share & Growth in Low-Calorie Sweetener Industry - …
The Global Liquid Allulose Market reached US$ 75.43 million in 2023 and is expected to reach US$ 101.10 million by 2031, growing at a CAGR of 3.73% during the forecast period 2024-2031.
Liquid Allulose Market Report by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and expert perspectives.…
Frozen Potato Market Trends, Growth & Analysis 2025 to 2034
According to the report by Expert Market Research (EMR), the global frozen potato products market was valued at USD 69.28 billion in 2024. The industry is projected to grow at a CAGR of 5.10% during the forecast period of 2025-2034, reaching a market size of USD 113.93 billion by 2034. This growth is primarily driven by the rising demand for convenient, ready-to-cook foods and the global expansion of quick-service restaurants…
Krill Protein in Food & Beverages | Omega-3 and Amino Acid Boost in Demand | Maj …
Global krill protein for food & beverages market was US$ 1,432.47 million in 2024 and is expected to reach US$ 1,900.28 million by 2032, growing with a CAGR of 3.6% between 2025 and 2032.
The Krill Protein for Food & Beverages Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market…
Global Tree Nuts Market: Consumption Trends and Regional Insights
Tree nuts have become a cornerstone of the global food and beverage industry, experiencing significant growth over the past decade. Rich in protein, fiber, healthy fats, and essential nutrients, tree nuts such as almonds, cashews, pistachios, walnuts, hazelnuts, and Brazil nuts are now in high demand across various sectors-from health-conscious consumers and fitness enthusiasts to gourmet chefs and food manufacturers. With evolving dietary preferences, especially the rise of plant-based and…
Global Algae-Based Food Products Market Size US$ 3.8 Billion by 2031: Applicatio …
Global Algae-Based Food Products Market reached US$ 2.1 billion in 2023 and is expected to reach US$ 3.8 billion by 2031, growing with a CAGR of 7.69 % during the forecast period 2024-2031.
Algae-Based Food Products Market Report by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and…
Global Sustainable Ingredients Market | Ethical Sourcing & Transparency in Focus …
Global Sustainable Ingredients Market reached US$ 112.12 billion in 2024 and is expected to reach US$ 211.05 billion by 2032, growing with a CAGR of 8.2% during the forecast period 2025-2032.
The Sustainable Ingredients Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative…
Postbiotics Pet Food Market: Key Players & Emerging Products | Top Companies are …
Global Postbiotics Pet Food Market reached US$ 12.24 billion in 2024 and is expected to reach US$ 17.80 billion by 2032, growing with a CAGR of 4.8% during the forecast period 2025-2032.
The Postbiotics Pet Food Market takes center stage in DataM Intelligence's latest comprehensive research, where industry experts deliver cutting-edge analysis powered by robust data analytics and strategic market intelligence. This groundbreaking study dives deep into the competitive ecosystem, spotlighting…
Food Grade Lecithin Market Insights for Health-Conscious Consumers | Major Compa …
Global Food Grade Lecithin Market reached US$ 21.32 billion in 2024 and is expected to reach US$ 30.60 billion by 2032, growing with a CAGR of 4.62% during the forecast period 2025-2032.
The Food Grade Lecithin Market takes center stage in DataM Intelligence's latest comprehensive research, where industry experts deliver cutting-edge analysis powered by robust data analytics and strategic market intelligence. This groundbreaking study dives deep into the competitive ecosystem,…
Palm Sugar Market Anticipated to Hit US$ 2.77 Bn by 2032 - Persistence Market Re …
The global palm sugar market is gaining remarkable momentum as consumers increasingly opt for natural and health-enhancing alternatives to conventional refined sugar. With rising health consciousness and awareness around the ill effects of synthetic sweeteners, palm sugar has emerged as a preferred choice. Valued at US$ 2,197.40 Mn in 2025, the market is anticipated to reach US$ 2,776.90 Mn by 2032, expanding at a value-based CAGR of 3.4%. This growth…
North America Flaxseed Market Expected to Grow to US$ 2.43 Bn by 2032 - Persiste …
The North America flaxseed market is witnessing consistent expansion driven by a rising shift toward plant-based nutrition, growing health consciousness, and the increasing presence of flaxseed-based food innovations. Valued at approximately US$ 1,779.7 million in 2025, the market is projected to reach US$ 2,438.2 million by 2032, exhibiting a CAGR of 4.6% during the forecast period. Flaxseed has become a preferred ingredient among consumers due to its high omega-3 content,…
Japan's Upcycled Food Products Market in Sustainable Snacking and Beverages | Dr …
Japan's Upcycled Food Products Market reached US$ 2.1 billion in 2023 and is expected to reach US$ 3.8 billion by 2031, growing with a CAGR of 3.4 % during the forecast period 2024-2031.
The Japan Upcycled Food Products Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed…
Kosher Food Market Set to Expand to US$ 123.07 Bn by 2033 - Persistence Market R …
The global kosher food market has witnessed substantial growth over the past few years, and this momentum is expected to continue through the forecast period. Valued at approximately US$ 47,240.2 million in 2023, the market is projected to soar to US$ 1,23,073.9 million by 2033, representing a robust value-based CAGR of 10.0%. While religious adherence among Jewish consumers remains a key driver, the increasing preference for kosher food among non-Jewish…
Milk Protein Concentrate Market Forecasted to Hit US$ 2.53 Bn by 2033 - Persiste …
The global milk protein concentrate market has witnessed notable expansion over the past decade, fueled by a growing shift towards high-protein, low-lactose diets and increasing demand for nutritional enrichment across consumer goods. Milk protein concentrate (MPC), primarily produced through advanced filtration technologies such as ultrafiltration and microfiltration, provides a rich source of casein and whey proteins with minimal lactose. Valued at US$ 1,635.2 million in 2023, the global market is…
Apple Fruit Concentrate Market Projected to Reach US$ 7.46 Bn by 2033 - Persiste …
The global apple fruit concentrate market has experienced substantial growth, positioning itself as a key ingredient in the global food and beverage industry. In 2023, the market size stood at US$ 4,456.4 million, and it is projected to reach US$ 7,469.1 million by 2033, expanding at a CAGR of approximately 5.3% during the forecast period. This growth is attributed to rising demand for natural, nutrient-rich, and shelf-stable food and beverage…
Phytoestrogen Supplements Market Toward US$ 5.11 Mn by 2033 | Most Leading Compa …
The Global Phytoestrogen Supplements Market reached US$ 3.57 million in 2024 and is expected to reach US$ 5.11 million by 2033, growing at a CAGR of 4.6 % during the forecast period 2025-2033.
Phytoestrogen Supplements Market Report by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and expert…
Plant-Based Food and Beverages Market Size, Share & Forecast (2025-2032) | Beyon …
Global plant-based food and beverages Market reached US$ 24.20 billion in 2023 and is expected to reach US$ 48.25 billion by 2031, growing with a CAGR of 9.01% during the forecast period 2024-2031.
The Plant-Based Food and Beverages Market takes center stage in DataM Intelligence's latest comprehensive research, where industry experts deliver cutting-edge analysis powered by robust data analytics and strategic market intelligence. This groundbreaking study dives deep into the competitive…
Magnesium Stearate Market Analysis - Usage in Pharmaceuticals, Cosmetics & Suppl …
Global Magnesium Stearate Market reached US$ 533.33 million in 2023 and is expected to reach US$ 851.25 million by 2031, growing with a CAGR of 6.0% during the forecast period 2024-2031.
Magnesium Stearate Market Report by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and expert perspectives. At…
US Glyconutritional Supplements Market for Immune and Cellular Health | Driven b …
The US glyconutritional supplements market reached US$ 662.29 million in 2023 and is expected to reach US$ 1,324.56 million by 2031, growing at a CAGR of 9.05% from 2024 to 2031.
The US Glyconutritional Supplements Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay…
Ruminant Methane Reduction Market Size Projected To Reach 3.83 Billion By 2034 W …
Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.
What Is the Projected Growth of the Ruminant Methane Reduction Market?
The size of the ruminant methane reduction market has seen significant expansion in recent years. The market is projected to increase from $2.6 billion in 2024 to $2.82 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.3%. Factors such as…
South Korea Ice Cream Market Size, Trends, Growth & Forecast 2025-2034
The South Korea ice cream market is thriving, supported by increasing consumer demand for indulgent treats and ongoing product innovation. South Korean consumers, especially millennials and Gen Z, are embracing new flavors, textures, and packaging formats. The country's culture of seasonal snacking and a strong café and dessert culture further enhances market demand. A rising preference for both premium and healthier variants of ice cream, including low-calorie and dairy-free options,…
Colombia Honey Market Size, Share and Growth (2025-2034)
The Colombia honey market is gaining significant traction, supported by rising health consciousness and growing demand for natural sweeteners. As consumer preferences shift towards organic and functional food ingredients, honey stands out as a preferred choice across various industries. Colombia, known for its biodiversity, has the potential to become a major honey-producing country in Latin America, aided by favorable climatic conditions and rich flora. This article delves into the market…
Omega‐3 Market Innovation | Encapsulation & High‐Potency Formulations Reshape In …
Global Omega-3 Market reached US$ 2.64 billion in 2024 and is expected to reach US$ 4.85 billion by 2032, growing with a CAGR of 7.92% during the forecast period 2025-2032.
The Omega-3 Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product offerings,…
Cost of Setting Up a Whey Protein Manufacturing Plant: Equipment, Process & Budg …
Setting up a whey protein manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Whey Protein Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a whey…
Microbial Algae Product Market Set to Surge at 6.1% CAGR, to Reach US$ 6.2 Billi …
According to a recent industry report by Fact.MR, the global microbial algae product market is projected to grow at a CAGR of 6.1%, rising from US$ 3.43 billion in 2024 to US$ 6.2 billion by 2034.
This growth is largely driven by increasing demand for nutrient-rich alternatives that offer minerals, vitamins, omega-3 fatty acids, and proteins. With growing concerns surrounding food security, animal welfare, and environmental sustainability, microbial algae are emerging…
How to Set Up a Pasta Manufacturing Plant Plant: Machinery Requirements and Inve …
Setting up a pasta manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Pasta Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a pasta manufacturing plant,…
Soy Food Market Valuation to Reach USD 74.44 Billion by 2033 - Industry Expandin …
According to the latest report by IMARC Group, titled "Soy Food Market Size, Share, Trends and Forecast by Product Type, Category, Distribution Channel, End-Use, and Region, 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global Soy Food Market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global soy food market size was valued at USD 51.44 Billion in…
Water Electrolysis Market Size Projected To Reach 12.44 Billion By 2034 With A C …
Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.
What Is the Projected Growth of the Water Electrolysis Market?
The size of the water electrolysis market has seen a significant climb in the previous years. The market is projected to rise from $7.81 billion in 2024 to $8.59 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.0%. The historic growth…
Strong Growth Ahead: Sunflower Meal Market Size To Grow At Arecord 7.3% Cagr By …
Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.
How Big Is the Sunflower Meal Market Size Expected to Be by 2034?
The market size of sunflower meal has seen a robust growth in the past few years. There is a predicted increase from $6.43 billion in 2024 to $6.92 billion in 2025, marking a compound annual growth rate (CAGR) of 7.7%. The…
Rising Global Demand For Protein-Rich Animal Feed Fuels Soybean Market Growth: A …
Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.
What Is the Soybean Meal Market Size and Projected Growth Rate?
The market size for soybean meal has seen substantial expansion in the past years. Its value will increase from $100.36 billion in 2024 to $107.04 billion in 2025 with a compound annual growth rate (CAGR) of 6.7%. The notable growth during the past…
Global Smart Crop Monitoring Market Outlook 2025-2034: Trends, Innovations, And …
Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.
What Is the Smart Crop Monitoring Market Size and Projected Growth Rate?
In recent times, the market size of smart crop monitoring has witnessed a swift expansion. The market value is projected to rise from $3.47 billion in 2024 to $4.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 18.4%. This…
Global Trout Market Valuation to Reach 1,163 Thousand Metric Tons by 2033 - Indu …
According to the latest report by IMARC Group, titled "Trout Market Size, Share, Trends and Forecast by Trout Type, Trout Size, Distribution, Packaging Form, and Region, 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global Trout Market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global trout market size was valued at 1,005.3 Thousand Metric Tons in 2024.…
United States Stevia Market Size, Share & Forecast 2025-2033
Market Overview 2025-2033
The United States stevia market size reached USD 202.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 292.0 Million by 2033, exhibiting a growth rate (CAGR) of 4.18% during 2025-2033. The market is growing due to rising demand for low-calorie alternatives, increasing health awareness, and supportive FDA regulations. Growth is driven by beverage and food industry adoption, clean-label trends, and innovation in high-purity…
Australia Frozen Potato Products Market Size, Share, Trends and Forecast by 2033
The latest report by IMARC Group, titled "Australia Frozen Potato Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033," offers a comprehensive analysis of the Australia frozen potato products market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia frozen potato products market size reached USD 1,090.91 Million in 2024. Looking forward, IMARC Group expects the market…
United States Egg Powder Market Size, Growth & Outlook 2033
Market Overview 2025-2033
The United States egg powder market size reached USD 960 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,400 Million by 2033, exhibiting a growth rate (CAGR) of 3.99% during 2025-2033. The market is growing due to rising demand for convenient, shelf-stable protein sources, health-conscious diets, and expanding food processing applications. Growth is driven by bakery, sauces, and nutraceutical sectors, making the industry…
[Latest] Spain Whey Protein Market Strategic Importance and Growth Trends
Spain Whey Protein Market Outlook & Investment Analysis
What is the current outlook for the Spain whey protein market?
The Spain whey protein market is witnessing significant growth driven by rising health awareness, increasing fitness culture, and expanding demand for dietary supplements. Consumers are gravitating towards protein-enriched products to support muscle building, weight management, and overall wellness. The market benefits from innovations in flavor, formulation, and delivery formats such as powders, ready-to-drink…
[Latest] Europe Spirulina Market Forecast Update: Trends and Key Metrics
Europe Spirulina Market Outlook & Investment Analysis
What is the current outlook of the Europe Spirulina Market and what factors are driving its growth?
The Europe Spirulina Market is witnessing steady growth, with a projected CAGR of over 8.2% from 2024 to 2030. Spirulina, a blue-green algae rich in protein and nutrients, has gained popularity in the health and wellness sector. Key factors propelling the market include rising awareness about plant-based protein…
[Latest] Italy Food Preservatives Market Growth Projections and Industry Trends
Italy Food Preservatives Market Outlook and Investment Analysis
The Italy food preservatives market is witnessing steady growth due to increasing demand for processed and packaged foods, rising awareness about food safety, and the need to extend shelf life. Natural preservatives, driven by clean-label trends, are gaining traction, while synthetic preservatives still hold significant market share due to cost-effectiveness and efficiency. The Italian food industry's emphasis on exports, especially of meat, dairy,…
[Latest] North American Soybean Seed Treatment Market Watch 2025: Industry Chall …
Q1: What are the key growth drivers and trends shaping the North American soybean seed treatment market?
The market is primarily driven by the need to protect high-value seeds from early-stage pests and pathogens, ensuring better germination and crop establishment. Farmers are increasingly adopting seed treatment as a cost-effective method to reduce the use of foliar sprays and enhance plant vigor. Technological innovations such as polymer coatings, biological inoculants, and nano-formulations…
Avocado Powder Market to Surpass US$ 1 Billion by 2034, Driven by 7.3% CAGR
As per a new Fact.MR analysis, the global avocado powder market has been calculated at a value of US$ 522.6 million for 2024. The increasing health and wellness trend across the world is set to push sales of avocado powder at a CAGR of 7.3% to reach US$ 1.05 billion by 2034.Avocado powder is a dehydrated form of avocado, typically created by grinding or freeze-drying the fruit into a fine…
[Latest] Mexico Food Preservatives Market Snapshot: Opportunities and Challenges
Mexico Food Preservatives Market Outlook & Investment Analysis
What is the current outlook for the Mexico food preservatives market?
The Mexico food preservatives market is witnessing steady growth, driven by rising consumer demand for processed and packaged foods, urbanization, and increasing awareness of food safety. In 2024, the market is valued at approximately USD 140 million and is projected to grow at a CAGR of 4.7% through 2030. Natural preservatives are gaining…
[Latest] Brazil Food Preservatives Market Intelligence: Importance and Investmen …
Outlook and Investment Analysis of Brazil Food Preservatives Market
Q1: What is the current outlook of the Brazil food preservatives market and its growth potential?
The Brazil food preservatives market is experiencing steady growth driven by increasing demand for processed and packaged foods, rising consumer awareness about food safety, and regulatory support for food preservation standards. The market is projected to grow at a CAGR of around 5-6% over the next five…
Fruit and Vegetable Seeds Market Size, Opportunities, Sales Revenue, Emerging Te …
The Fruit and Vegetable Seeds Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2021 to 2031. Understanding the segments helps in identifying the importance of different factors that aid the Fruit and Vegetable Seeds market growth.
To get…
Frozen French Fries Market Development, Industry Trends, Demand and Growth Analy …
The global Frozen French Fries Market was valued at approximately $19.3 billion in 2024 and is anticipated to reach around $31.7 billion by 2033, growing at a CAGR of 5.6% from 2025 to 2033.
Frozen French Fries Market Overview
The Frozen French Fries Market is experiencing robust growth driven by increasing demand for convenient, ready-to-cook food products, especially among urban populations. The global rise in quick service restaurants (QSRs), cafes, and fast-food…
Tea Market Size Future Scope, Demands and Projected Industry Growths to 2033
The global Tea Market was valued at approximately $55.1 billion in 2024 and is projected to reach around $89.7 billion by 2033, growing at a CAGR of 5.5% from 2025 to 2033.
Tea Market Overview
The Tea Market continues to flourish globally, driven by rising consumer preference for healthier beverages and the increasing popularity of herbal and specialty teas. Health-conscious trends, such as demand for antioxidant-rich and functional teas, are contributing significantly…