The food irradiation market is predicted to be worth US$ 312 million in 2023, and rise to US$ 540.9 million by 2033. Initially, the global market was expanding at a CAGR of 3.3% during 2018 to 2022. Irradiation can help reduce food waste by extending food shelf life, which is becoming increasingly essential in the food industry. …
Monthly Archives: June 2023
Microencapsulation Market Expected to Reach US$ 10.3 Billion by 2032: Trends, Growth Drivers, and Market Opportunities
The market for microencapsulation is anticipated to be worth US$ 6.5 billion in 2022 and grow to US$ 10.3 billion by 2032 at a CAGR of 8.2%. Microencapsulation is becoming more frequent as the need for functionally enriched foods and pharmaceuticals grows. Food items can benefit from the addition of microencapsulated tastes, vitamins, minerals, essential oils, and …
Frozen Bakery Market Projected to Reach US$ 85.97 Billion by 2033: Growth Analysis, Emerging Trends, and Future Opportunities
According to Future market Insights, the global Frozen Bakery market size is estimated to be valued at USD 23billion in 2021 and is projected to reach USD 49 billion by 2032, recording a CAGR of 7.4% during the forecast period. Key factors that have contributed to the growth of frozen bakery products are a spiralling preference toward convenient food and …
Food Grade Alcohol Market Estimated to Reach US$ 6.16 Billion by 2033: Industry Analysis, Trends, and Growth Potential in the Market
According to Future Market Insights (FMI), the global food-grade alcohol market is expected to be worth US$ 4.16 billion in 2023 and US$ 6.16 billion by 2033, expanding at a CAGR of 4.0% during the forecast period. A rise in the demand for spirits and beers in various economies may increase the demand for food-grade alcohol. Growth …
Krill Oil Market to Surpass US$ 2.7 Billion by 2033, Exhibiting a CAGR of 10.5%: Growth Prospects, Trends, and Industry Analysis
The krill oil market valuation is US$ 997.4 Mn in 2023 and is rising to US$ 2.7 Bn by 2033. Sales of krill oil are anticipated to grow at a CAGR of 10.5% during the forecast period. Krill oil is becoming increasingly popular in the food sector as a means to deliver healthful gourmet ingredients while also …
Tortilla Market Set to Reach US$ 37,018 Million by 2032: Analysis of Growth Drivers, Market Trends, and Emerging Opportunities
Newly released data from Tortilla Market analysis by Future Market Insights shows that global consumption of Tortilla enjoyed a year-on-year (YoY) growth of 3.4% in 2022 to total sales of USD 26,394.9 Mn. The consumption of tortillas has increased rather significantly over the past decade. According to an analysis by Future Market Insights, the global Tortilla market is projected to be valued …
Stevia Market Expected to Reach USD 708.1 Million by 2032, Growing at a CAGR of 7.2%: Trends, Insights, and Future Outlook
Stevia Market to reach USD 708.1 Mn by 2032, at a CAGR of 7.2% from 2022 to 2032. According to a new study by FMI, global sales of stevia are expected to reach ~ US$ 355 Mn in 2022. The rise in the demand for stevia can be attributed to its low-calorie content along with the …
Cottonseed Oil Market to Reach US$ 5 Billion by 2028: Industry Analysis, Trends, and Growth Opportunities
The Cottonseed Oil Market is valued at US$ 4 Billion in 2021. The market is likely to grow at a CAGR of 3.2% through 2028, reaching US$ 5 Billion. Cottonseed oil is slowly gaining traction in the food service provider industry, as well as in the retail and industrial sectors. However, Future Market Insights expects that revenue generated by the sale …
Grass-Fed Beef Market Estimated to Surpass US$ 20.4 Billion by 2033: Analysis of Growth Drivers and Market Trends in the Industry
As per the latest study by FMI, the global grass fed beef market is poised to top US$ 11.6 Bn in 2021. Increasing demand for premium quality beef across hotels, restaurants, and cafés is favoring the market growth. In response to this, the market is expected to reach US$ 17.9 Bn, growing at a CAGR of 4.4% during the forecast …
Explosive Growth Ahead: US IT Asset Disposition Market Projected to Reach US$ 31.8 Billion by 2032, with a Robust CAGR of 7.4% | FMI
The market for disposing of IT assets is anticipated to grow at a CAGR of 7.4% between 2022 and 2032. It is anticipated that the market for selling IT assets will increase from US$ 15.6 billion in 2022 to US$ 31.8 billion in 2032. The industry increased 7.6% year over year between 2021 and 2022. Despite being …