New Product Development
The retort machine market size is expected to grow at an annual rate of 8.2%. The retort machine market share is expected to reach a net valuation of US$ 3.5 billion by 2032, up from US$ 2.35 billion in 2021. A retort machine is used to sterilise food and beverages. Pasteurization is the process of cleaning a surface of germs, viruses, fungi, …
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The size of the global market for label printers is anticipated to reach US$ 513.3 million in 2023 and increase at a 3.9% CAGR from 2023 to 2033. By 2033, global sales of label printers are projected to reach US$ 752.6 million. A major driver driving label printer demand globally is growing use across end-use …
The market for woven polypropylene bags and sacks is anticipated to grow from US$ 3,752.7 million in 2022 to US$ 5,608.6 million in 2032, expanding at a CAGR of 4.1% over the forecast period (2022-2032). Multinational companies are expected to focus on the Middle-East region as growing demand for polypropylene woven bags and sacks is expected …
The global salicylic acid market is expected to be valued at US$ 417.8 million in 2022 and US$ 814.2 million by 2032, with a CAGR of 6.9% from 2022 to 2032. Sales of salicylic acid are increasing due to rising consumer awareness about numerous benefits provided by salicylic acid. Furthermore, there is an increase in the use of salicylic …
Global areca nut demand is anticipated to be valued at US$ 834.0 Million in 2022, forecast to grow at a CAGR of 5.6% to be valued at US$ 1438.2 Million from 2022 to 2032. Areca nut is the fruit produced from the palm trees of South East Asia. Although, the production of areca nut is dependent on …
Curcumin pigments find their application in food as well as personal care industrial products. The curcumin food color market is expected to reach a valuation of nearly USD 323 mn by the year 2032, pacing with a CAGR of 10.3% between 2022-2032. Sales of curcumin food color are accounted for ~5.9% of the sales in the global natural food colors …
The market for sodium citrate dihydrate market is expected to record a CAGR of over 3% during the forecast period. The growth of the sodium citrate dihydrate market is driven by the increasing demand for processed food and beverages, which require food additives for stability and flavor. The rising trend of convenience food consumption is also a …
The microbial seed treatment market is projected to register a CAGR of 12.5% during the forecast period, up from US$ 0.9 Bn in 2021 to reach a valuation of US$ 9.8 Bn by 2027. Microbial is a category of microbes, which occur naturally in the environment. Microbial seed treatment is an ecofriendly approach to deliver highly beneficial microorganism to …
In 2022, the market for palm mid-fractions is projected to be worth US$ 237 billion. The market is also anticipated to grow at a CAGR of 4% from 2022 to 2032, when it is projected to hit US$ 285 billion. Palm mid-fraction is a preferred derivative over other palm oil co-products due to its functionality to yield …
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In the global malt beverage market, the malt beverage market is anticipated to grow at a CAGR of 10.1% over the projection period. Future market trends for malt beverages point to a value of US$6.43 billion in 2022 and a projected US$16.83 billion by 2032. Malt beverage is a fermented drink in which the principal component is …