The lactose-free products market is estimated to be valued at USD 12.1 billion in 2020 and is projected to reach USD 18.4 billion by 2025, recording a CAGR of 8.7 %, in terms of value.
The hydroponics market was valued at USD 9.5 billion in 2020; it is projected to grow at a CAGR of 11.3% to reach USD 17.9 billion by 2026.
Increase in Demand for Natural Products is Leading to the Increased Demand for Various Plant Extracts
The global plant extracts market is estimated at USD 30.8 billion in 2021 and is projected to reach USD 55.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026.
Rise In Demand for Health-Enriching Organic Food & Beverages Driving the Market for Plant-Based Protein
The global plant-based protein market size was valued at USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a CAGR of 7.2% during the forecast period.
The global bakery premixes market size is estimated to be valued at USD 298 million in 2019 and is projected to grow at a CAGR of 5.6% from 2019 to reach a value of USD 413 million by 2025.
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