Journal of Nutraceuticals and Food Science

Market Analysis on Food Technology

Market Analysis on Food Technology

Summary:

Nutrition is very important for human life. It improves the complete life range and also the quality of life. Food and Nutrition is a basic necessity of all the people of all the regions. Nutrition not only depends on what we eat but also on the type of food, history of manufacture, Agricultural practices and processing the food.

The worldwide food innovation platform ranges drastically. Through 2022 the standard growths of food modernization promote is over $250.43 billion. All parts of nutrition revolution publicize is blossoming. The worldwide market for yeast items came to $5.8 billion out of 2013. In 2019, this market is required to grow to $9.2 billion, with a compound yearly development rate (CAGR) of 7.9% from 2013 to 2019. The worldwide market of probiotic fixings, supplements, and sustenance  came to almost $23.1 billion of every 2012, $27.1 billion out of 2013 and in 2018 expected development is $36.7 billion with a compound yearly development rate (CAGR) of 6.2% over the five-year time frame from 2013 to 2018. With $21.7 billion out of 2012 and $23 billion out of 2013 and expected reach of $31.3 billion by 2018, the worldwide market for hardware utilized as a part of nourishment handling and bundling is ascending at a five-year compound yearly development rate (CAGR) of 6.3% from 2013 to 2018.