article thumbnail

Restaurateurs Foresee Bright Future as Fine Dining Turns Vegan

Modern Restaurant Management

percent CAGR between 2022 and 2032, and Plant-Based Milk sales will grow ~ 2x by 2032, says Future Market Insights. Since organic produce cost more, restaurant owners are becoming innovative and are developing recipes and cooking techniques where optimum utilization of produce takes place. percent in 2021.

article thumbnail

“WTF?” is precision fermentation?

Forward Fooding

billion by 2032 , with a compound annual growth rate (CAGR) of 41.89% during the forecast period from 2023 to 2032. Think of DNA as the ultimate recipe book; modifying it means creating a new dish. The global precision fermentation market was valued at USD 1.93 billion in 2022 and is poised to reach approximately USD 63.85

article thumbnail

Vegan Confectionery Is Making its Way from the Margins to the Mainstream

Modern Restaurant Management

from 2022-to 2032. In the confectionery and bakery sectors, a trend toward healthier ingredients is driving recipe reformulations to incorporate healthier ingredients. Vegan trends are not only limited to raw ingredients, but they are also spreading to other domains of foods and beverages, such as confectioneries.