According to Future Market Insights (FMI), the global canned mushroom market is set to witness growth at a CAGR of 4.9%, surpassing US$ 14.0 Bn by 2032. Lifestyle changes and an increase in the employed population have resulted in a shift in consumer dietary patterns. Consumers prefer processed goods such as canned mushrooms because they are ready-to-eat …
Monthly Archives: October 2023
RTD Cocktail Shots Market Projected to Reach US$ 9,633 Million by 2032, Marking a 10.0% Growth Rate
The global RTD cocktail shots market recorded a year-on-year (YoY) growth of 30.4% in 2022, surpassing US$ 3,708 Mn. The overall sales in the RTD cocktail shots market are expected to increase at a CAGR of 10.0% to reach the value of US$ 9,633 Mn in 2032. According to Future Market Insights (FMI), demand for RTD cocktail shots is predicted to rise due to rising cocktail consumption …
Immunohistochemistry Industry Set to Surge at 8.8% CAGR, Expected to Cross US$ 4.9 Billion by 2033, Fueled by Rising Emphasis on Biomarker Evaluation
The global immunohistochemistry (IHC) industry size is expected to reach a worth of nearly US$ 2.1 billion in 2023 due to its rapid expansion. The demand for immunohistochemistry is anticipated to increase significantly during the next several years with a projected CAGR of 8.8% from 2023 to 2033. By 2033, this market worldwide is anticipated to grow …
Reflective Air Bags Market Poised for Remarkable Growth, Expected to Reach US$ 14.1 Billion by 2033
The increasing demand for reflective airbags in the market is attributed to their pivotal role in ensuring the protection and safe transportation of products, particularly in the rapidly growing food and beverage, pharmaceutical, and electronic industries. Reflective air bags are favored for their ability to provide cushioning and lamination, offering a protective shield to the …
Rising Consumer Awareness Drives Surge in Ethylene Amines Sales, Anticipated CAGR of 4.6% Through 2032
Consumption is expected to increase across a number of industries, including polymers, textiles, personal care, automotive, water treatment and agro chemicals. A recently published study by Future Market Insights concludes that the global ethylene amines market size is forecast to register a CAGR of 4.6% from 2022-2032. The market is expected to reach a valuation of US$ 3.1 Billion as of …
Compostable Straws Market Projected to Reach US$ 3,250 Million by 2033 with a 6.8% CAGR, Fueled by Global Consumption Trends
The global compostable straws market is poised for significant growth, with an expected market value of US$ 3,250 million by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2033. This upward trajectory is in line with the increasing trend of food and beverage consumption worldwide, which, in turn, …
Explosive Market Growth Forecasted for Fatty Esters: Expected to Reach US$ 3.4 Billion by 2032
The increasing use of fatty esters in end-use industries such as food, biochemical and agricultural is expected to boost the growth of the market during the forecast period. Growing demand for fatty esters for industrial applications owing to its environment friendliness is expected to augment market growth over the forecast period. The market was estimated at US$ 2.1 …
The Food Grade Carrageenan Market Expected to Reach US$ 2.3 Billion by 2032
The global food grade carrageenan market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around US$ 2.3 Billion by 2032. In food, hydrocolloids have a variety of functions, including gelling, thickening, emulsifying, coating, and stability. Hydrocolloids are used in a wide range of foods, from dairy products …
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Global Ethylbenzene Market Set to Surge to US$ 31 Billion with 3.5% Growth, Fueled by Robust Styrene Production
The global ethylbenzene market is expected to secure US$ 31 Billion while exhibiting a 3.5% growth rate during the forecast period. The market is estimated at US$ 21.3 Billion in 2021 and US$ 21.9 Billion in 2022. The growth of the market can be attributed to the extensive usage of ethylbenzene for the production of styrene. The increasing use of ethylbenzene in end-use industries such as …
Asset Tags Market Surges to US$ 3,217.1 Million by 2033, Fueled by Logistics Industry Growth and Technological Advancements
The demand in the asset tags market is projected to rise from US$ 1,865.6 million in 2023 to an impressive US$ 3,217.1 million by 2033, boasting a CAGR of 5.60%. The increasing popularity of cloud-based asset-tracking solutions creates many opportunities for asset tags. However, asset tags can be expensive for businesses that have just entered …