New Product Development
The India alcohol market is predicted to record at a CAGR of 7.4%, amassing US$ 68 Bn by the end of 2026. Andhra Pradesh and Telangana have strengthened the market significantly, for these two states have the highest number of alcohol consumers in the country. The number of alcohol consumers in India continues to rise on the account of rising …
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During the projected period, Carrageenan Gum market is expected to grow at a CAGR of 4.0 %. The market value is projected to increase from US$ 915.9 Mn in 2022 to US$ 1,355.7 Mn Mn by 2032. Being a plant-based emulsifying agent, carrageenan gum is finding applications in the cosmetic industry. Growing consumers’ preference for natural ingredients in skincare and personal care products will …
The global cocoa market is valued at US$ 12.3 Mn as of now and is expected to reach US$ 16.5 Mn by the year 2032 at a noteworthy CAGR of 12.3% from 2022 to 2032. With rising demand for chocolate confectionery, the market for cocoa is bound to grow inadvertently in the forecast period. Chocolate …
The global barley market is set to grow at 3.3% CAGR and reach US$ 28 billion in revenues by 2026. Europe is the largest market for barley, accounting for nearly 30% share of the market. In addition to Europe, US and China are other leading markets for barley globally. Developing countries account for around 18% of the total global barley production …
The global packaged food business is predicted to develop at a CAGR of 6.6 percent from 2022 to 2032, from USD 1800 million in 2021 to USD 3410 million in 2032. In the year 2021, the global sales for food additives are expected to reach 4,350 thousand metric tonnes. The huge demand for food additives is predicted to …
During the projected period, Gellan Gum Market is expected to grow at a CAGR of 4.2 %. The market value is projected to increase from US$ 56.4 Mn in 2022 to US$ 85.1 Mn by 2032. The Food. Considering the growing demand for natural & organic gelling ingredients for production of food and beverages, global consumption of gellan gum should continue to increase at …
Micellar casein market, derived from milk has been exhibiting application across diverse sectors. Its increase use for meeting the demand for essential amino acids for healthy living will push the micellar casein market’s overall value to nearly US$ 510 Mn by 2021. Consumers’ preferences towards protein-rich diet is driving the growth of micellar casein market …
As per FMI, the global eco-friendly paper plates market size is set to reach a valuation of US$ 1.8 Bn by 2032 and exhibit growth at a CAGR of 4.3% from 2022-2032. The market is anticipated to be valued at US$ 1.1 Bn in 2022. Due to shifting lifestyles and rising disposable income, especially in developed countries, demand for takeout or ready-to-eat meals …
Wafer Level Packaging Market Outlook The wafer-level packaging technology is revolutionizing packaging with innovative thin wafer handling (TWH) technologies. The diverse set of performance materials involved in the wafer-level packaging has made smooth allowances for higher throughput, lower cost, and reduction in form factor for manufacturers. Fully automated solutions are being deployed for high-volume needs …
Nowadays packaging manufacturers are focusing on providing better child resistant as well as senior-friendly packaging solutions. Mostly senior friendly packaging is done for pharmaceutical applications which are being used by senior citizen on a large scale. According German Federal Association of Senior Citizens Organizations, more than 90 % of senior citizens struggle to open consumer packaging …
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