The fruit pomace market is predicted to reach a valuation of US$ 3.5 billion in 2023 and is estimated to rise to US$ 5.0 billion by 2033. The market is expected to record a CAGR of 3.5% during the forecast period. The rising demand for organic, natural, and animal feeds propels market growth. Food & beverage manufacturers …
Monthly Archives: June 2023
Plant-based Snacks Market to Exceed US$ 73.6 Billion by 2032, Driven by Strong 8.7% Compound Annual Growth Rate (CAGR)
The global plant-based snacks market is set to witness growth at a CAGR of 8.7% over the forecast period (2022-2032). Presently the net worth of the plant-based snacks market is valued at nearly US$ 31.8 Billion and is expected to reach a top valuation of USD 73.6 Billion by 2032. Plant-based snacks have become a popular product in recent years for …
Non-alcoholic Malt Beverages Market Projected to Surpass US$ 48.9 Billion by 2032, Fueled by Growing Consumer Preference for Healthier Beverage Alternatives
The global non-alcoholic malt beverages market is set to witness growth at a CAGR of 4.1% over the forecast period (2022 to 2032) and top a valuation of USD 48.9 Billion by 2032. The growing consumption of non-alcoholic beverages can be ascribed to its rising demand among millennials. Over the last few years, there has been a progressive …
Natural Food Preservatives Market Poised to Reach USD 856.1 Million by 2032, Driving Demand for Clean Label Products
The natural food preservatives market is estimated to reach USD 435.2 Mn in 2022. It will likely accelerate at a robust 7% CAGR from 2022 to 2032. This should propel the market’s value to USD 856.1 Mn in 2032. Increased demand for convenience items and an increasing focus on the organic food items has resulted in a …
Licorice Root Market Set to Reach USD 1,418.4 Million by 2032 with a Steady Growth Rate of 5.3%
Newly released data from Licorice Root Market Analysis shows that global demand for licorice extracts year-on-year (YoY) grew by 4.7% in 2022 to USD 848.9 Million and is estimated to be USD 1,418.4 Million in 2032 witnessing a prominent CAGR of 5.3%. Licorice root extract is an important flavour component. It is presently used as a flavour …
Dehydrated Onions Market to Reach US$ 1.6 Billion by 2033, Driven by Strong 19% CAGR and Increasing Demand for Convenience Foods
The global dehydrated onions market is expected to be worth approximately US$ 1.1 billion in 2022. The global dehydrated onion market is expanding as a result of factors such as increased customer demand for fast food and ready-to-eat convenience foods. It is thus expected to have generated US$ 3.6 billion by 2023, with a CAGR …
Explosive Growth Ahead: Digital Forensics Market Projected to Reach US$ 23.62 Billion by 2030 with a CAGR of 11.2% | FMI
The market for digital forensics is expected to grow at a CAGR of 11.2%, from a market worth US$ 10.07 billion in 2022 to US$ 23.62 billion by 2030. In 2021, the value of the global cybersecurity market was 8% accounted for by digital forensics. The dynamics of the digital forensics industry will be contrasted and evaluated, …
Infant Formula Market to Reach US$ 114.1 Billion by 2033, Signifying Robust Growth in the Global Industry
According to Future Market Insights (FMI), the infant formula market is likely to reach a value of US$ 49.9 billion in 2023. It is anticipated to surpass US$ 114.1 billion in 2033. Between 2023 and 2033, a robust CAGR of 8.5% is likely to propel market acceleration. Infants need a variety of micronutrients for their overall development. Those micronutrients occur naturally in human …
Fishmeal Market Expected to Reach USD 15,000 Million by 2032, Reflecting a Promising Growth Trend
The fish meal market is anticipated to be worth USD 8,000 million in 2022 and to develop at an unprecedented rate to reach USD 15,000 million by 2032 with a CAGR of 7.7% over the assessment period. Trout and salmon are frequently used as a good source of raw material in the production of fishmeal. As the …
Dairy Alternatives Market to Exhibit Robust 8.3% CAGR by 2033, Driven by Increasing Consumer Demand and Health Consciousness
The dairy alternatives market was worth US$ 21.2 billion in 2023 and is expected to grow to US$ 47.1 billion by 2033, with an 8.3% CAGR from 2023 to 2033. The high nutritional value and functionality profile of plant-based dairy replacements is predicted to be a significant growth driver for the industry forecast. Nondairy beverages are regarded …