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Overview
API
Food and beverage industry updates include India's extension of taxes on rice and sugar exports, China's approval of genetically modified corn and soybean seed varieties, Singapore's plans for vertical farming, and the impact of weight-loss drugs on food stocks. Additionally, the global medical polycarbonate market is projected to reach $1.5 billion by 2031, driven by increased healthcare spending, while the A2 milk market is expected to hit $4.5 billion by 2028 due to rising demand for healthier alternatives. The hydroponic substrate market is forecasted to reach $1.44 billion by 2031, fueled by the growing global population and consumer awareness of healthy food options.
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How can food companies effectively adapt to changing consumer behaviors driven by weight-loss drugs and evolving dietary preferences?
How might the extension of taxes on rice and sugar exports by India impact global food prices and trade dynamics?
What are the potential implications of China's approval of genetically modified corn and soybean seed varieties on the agricultural industry and consumer safety?
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