The anticipated value of the worldwide phycocyanin market in 2022 was US$ 754.40 million. The market is anticipated to reach US$ 1,487.7 million, growing at a CAGR of 7% from 2023 to 2033 due to shifting customer preferences toward natural food-grade substances. The benefits of phycocyanin, a substance produced from spirulina, in terms of nutrition and color are …
Monthly Archives: December 2023
Agri Textiles Market Set to Flourish: Projected Surge to US$ 17.53 Billion by 2032 with a Steady 6.3% CAGR
The agri textiles market demonstrated remarkable growth in 2022, reaching a valuation of US$ 9760.47 million. Projections for the industry indicate a promising trajectory, with an anticipated surge to US$ 17533.73 million by 2032, reflecting a robust compound annual growth rate (CAGR) of 6.3%. This growth is driven by increasing awareness and adoption of advanced …
Global Acrylic Adhesives Market on the Rise: Projections Show a 4.29% CAGR Surge from 2023 to 2033
The global acrylic adhesives market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.29% from 2023 to 2033. Beginning at a market size of US$ 2.59 billion in 2023, the industry is anticipated to witness a significant expansion, reaching US$ 3.92 billion by 2033. This positive trajectory underscores the …
Paper Coating Materials Demand Soars: Envisioned to Hit US$ 3.52 Billion by 2032 with a 4.8% CAGR Surge
The paper coating materials market is expected to reach US$ 3.52 billion by 2032 from its estimated US$ 2.2 billion in 2022, a strong compound annual growth rate (CAGR) of 4.8% during the forecast period. Several key factors are fueling this expansion. Firstly, there is a rising demand for coated paper within the packaging sector, …
High-Performance Lubricant Sales Projected to Reach US$ 3,215.5 Million by 2033 with a 3.2% CAGR
According to Future Market Insights’ most recent market report, the global market for high-performance lubricants is expected to grow to US$ 2,347.7 million by 2023. Sales of high-performance lubricants are expected to reach US$ 3,215.5 million by 2033, having increased steadily at a rate of 3.2%. The report offers in-depth analysis on significant trends and …
Organic Fertilizers Market Poised for Robust Growth: Anticipated CAGR of 6.3% from 2022 to 2032
The organic fertilizer market is expected to develop at a positive compound annual growth rate (CAGR) of 6.3% from 2022 to 2032, when it is expected to be valued at US$ 17037.6 million globally. The target market, which is expected to reach an estimated US$ 9248.6 million in 2022, is probably driven by the need …
Waterproof Speaker Market is Likely to Advance at a CAGR of 7.5% During the Forecast Period 2033 | FMI
The market for waterproof speakers is projected to be worth US$ 9.22 billion in 2023 and US$ 19 billion by 2033. Over the course of the projection period, the use of waterproof speakers is anticipated to grow at a CAGR of 7.5%. In the global waterproof speaker market, companies across the globe are focusing on research & developing and the launching of new …
Sippy Cups Market is Likely to Advance at a CAGR of 4.4% During the Forecast Period 2033 | FMI
The market for sippy cups is projected to be worth US$ 9,744.02 million in 2023 and US$ 15,000 million by 2033. Over the projection period, sippy cup adoption is anticipated to grow at a CAGR of 4.4%. A witnessing growing trend in the sippy cups market is the shift towards sustainable materials. Key players are …
From 2023 to 2033, the Wine Cooler Market is Projected to Grow at a CAGR of 6% | FMI
In 2023, the wine cooler market is projected to grow to a value of US$ 2,790.1 million. By 2033, wine cooler sales are projected to reach a total of US$ 4,996.6 million. From 2023 to 2033, the use of wine coolers is anticipated to increase at a CAGR of 6%. Moreover, increased product launches owing …
Help Desk Software Market Projects a Remarkable 9.4% CAGR, Anticipates a US$ 26.8 Billion Valuation in 2032
The global help desk software market was valued at around US$ 9.9 Billion in 2021. With a projected CAGR of 9.4% for the next ten years, the market is likely to reach a valuation of nearly US$ 26.8 Billion by the end of 2032. According to the report’s findings, cloud-based help desk software will continue to play an important role in …