New Product Development
The global butter market is set to witness growth at a CAGR of 4.9% over the forecast period (2022-2032), topping a valuation of US$ 28.7 Bn by 2032. Butter has a wider applicability in food industry and is used in making sauces or for frying and to the different packaged food items or snacks such as wafers and cookies. Consumers are …
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According to a recent survey by Future Market Insights (FMI), the global non-alcoholic beers market is expected to surpass a valuation of US$ 43.6 Bn by 2032, expanding at a 7.8% CAGR. Increasing awareness regarding health concerns connected with alcohol consumption is spurring demand for non-alcoholic beverages. Driven by this, non-alcoholic beer is gaining immense popularity over traditional alcoholic drinks. …
The global vegan flour market is expected to reach a valuation of US$ 1.1 Bn in 2022, with sales growing at a CAGR of 6.5% over the forecast period. Against this backdrop, the market valuation is set to top US$ 2.08 Bn by 2032. Increasing preference for plant-based ingredients in food products is expected to drive sales in the market. Some vegan flours …
Sales in the pre-workout supplements market are expected to grow at a robust CAGR of 8.4%, reaching a valuation of US$ 14.02 Bn in 2022. Maintaining good health and working out daily is no longer limited to bodybuilders and sports athletes. The pandemic as reiterated the importance of maintaining good health. This is expected to boost sales of pre-workout supplements …
The global organic spices market is expected to reach a valuation of US$ 15.4 Bn by 2032, with sales growing at a 4.6% CAGR over the forecast period. Spices are in high demand in commercial and home sectors, not only because of their flavor and taste, but also because of the health benefits they provide. Consumers are willing to pay a …
The global whey protein market is expected to total US$ 9.4 Bn in 2022, finds Future Market Insights (FMI) in a recent analysis. Increasing demand for sports nutrition products will drive the market at a robust 9.8% CAGR, with the market size reaching US$ 18.4 Bn in 2032. Rising awareness regarding balanced diets, and increasing consumption of protein for mass gain, strength …
The mobile food services is forecasted to be valuated at US$ 37.61 billion by 2032, up from US$ 21 billion in 2022, advancing at a CAGR of 6% from 2022 to 2032. Food trucks have been an integral part of many vibrant societies. These popular mobile food joints populated the US and soon became a very popular window for food …
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The river cruises market is projected to amass a revenue of around US$ 1.71 billion by 2032, up from US$ 1.45 billion in 2022 moving forward with a CAGR of 2% during the forecast period (2022-2032). River cruises is now a major tourist industry in different parts of the world. In a river cruise, the ship is smaller and carriers …
The global camping and caravanning market is projected to rise at a CAGR of ~7.6% between 2020 and 2030, Future Market Insights foresees stable growth for the market. Nowadays, most of the countries, such as the Philippines, India, Thailand, Brazil, and UAE, are significantly investing in their airports to improve arrival/departure facilities for a large number of …
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The global indigenous tourism market is expected to garner a revenue of around US$ surpassing US$ 65.16 billion by 2032, up from US$ 40 billion in 2022 with a CAGR of 4% during the forecast period (2022-2032). The size of the indigenous tourism market is growing as more visitors go to indigenous sites and engage in cultural tourism activities like seeing a fish …
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