The ready-to-drink (RTD) tea Market has experienced remarkable growth in recent years, driven by factors such as changing consumer preferences, increasing health consciousness, and a shift towards convenience-driven lifestyles. The market’s growth can be attributed to the diverse range of flavors and varieties offered by manufacturers, catering to the taste preferences of different regions and demographics. The …
Monthly Archives: November 2023
Anticipated 6% CAGR Forecasted for Frozen Egg Market Through 2033, Mirroring Evolving Consumer Sentiments | FMI
In recent years, the frozen egg market has witnessed a remarkable surge in popularity, becoming a go-to option for health-conscious individuals and busy households alike. This innovative trend is revolutionizing the way we consume eggs, offering a plethora of benefits that cater to modern lifestyles. Frozen eggs are carefully preserved at the peak of freshness, locking in …
Pet Food Ingredients Market Forecasted to Reach US$ 68.3 Billion by 2033 with a Steady 4.9% CAGR
According to Future Market Insights (FMI), the global pet food ingredients market is set to be valued at US$ 42.2 billion in 2023. It is anticipated to reach US$ 68.3 billion by 2033. The market is expected to escalate at a CAGR of 4.9% from 2023 to 2033. Increasing pet ownership is the primary reason driving demand for pet food ingredients. Rising pet ownership …
Carmine Color Market Expects Consistent Expansion with a Promising 8.0% CAGR Forecasted for 2023-2033
The Carmine Color Market presents a plethora of opportunities for manufacturers and suppliers alike. Its unique characteristics, such as excellent stability and high lightfastness, make it ideal for a wide range of products. In the food industry, carmine color is a sought-after natural alternative to synthetic dyes, adding an appealing red shade to beverages, confectioneries, and dairy …
Interesterified CBE Market to Reach US$ 401.7 Million, Anticipating a 4.8% CAGR from 2023 to 2033
The Interesterified CBE Market is a rapidly evolving industry that plays a crucial role in the food and beverage sector. Interesterified CBE stands for Interesterified Cocoa Butter Equivalents, which are fats used as substitutes for cocoa butter in various applications. The Interesterified CBE Industry is expected to secure a 4.8% CAGR from 2023 to 2033. The market …
Automotive DC-DC Converter Market Set to Surge at 30.1% CAGR, Envisioned to Reach US$ 289.5 Billion by 2033
According to Future Market Insights (FMI), the global automotive DC-DC converter market is estimated to reach a valuation of US$ 21,996 million in 2023. From 2023 to 2033, global sales of automotive DC-DC converters are projected to soar at 30.1% CAGR. By 2033, total market size is forecast to reach US$ 289,542 million. The isolated …
Hydrostatic Transmission Market Poised for a CAGR of 5.1%, Envisioned to Surpass US$ 5.61 Billion by 2033
According to Future Market Insight, the global hydrostatic transmission market is likely to reach US$ 5.61 billion by 2033, registering a CAGR of 5.1%. This is a considerable increase from its projected value of US$ 3.41 billion in 2023. Globally, the building and agricultural industries are expanding significantly. The need for agricultural gear and construction equipment is growing. Excavators, loaders, tractors, and combines …
Automotive Wiring Harness Market to Soar at 8% CAGR, Surpassing US$ 119.31 billion Valuation by 2033
The global automotive wiring harness market is expected to reach a staggering value of US$ 119.31 billion by 2033, according to Future Market Insight. This projection reflects a CAGR of 8%, highlighting substantial growth compared to the projected value of US$ 55.26 billion in 2023. The automotive industry is experiencing a remarkable trend towards vehicle …
Automotive Door Latch and Hinges Market Sales: to grow at 5.4% CAGR through 2033
According to Future Market Insights’ (FMI) analysis, the global automotive door latch and hinges market is anticipated to reach US$ 35.6 billion in 2023. Over the projection period, automotive door latch and hinge demand is set to thrive at 5.4% CAGR. By 2033, total market value is forecast to reach US$ 60.3 billion. One of …
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Market for Automatic Coffee Makers is Anticipated to Grow at a CAGR of 5.1% by 2031 | FMI
The automatic coffee machine market will see a CAGR of 5.1% throughout the years 2021-31. It is projected that demand for automated coffee makers will continue to soar, especially given the expanding popularity of fast-food businesses. Automatic Coffee Machines Market – Important Highlights According to product type, super automatic coffee machine is estimated to hold the maximum market share …