The market for commercial cookers is projected to expand at a CAGR of 4.9% by 2033. According to FMI, the market is expected to increase from US$ 1,953.0 million in 2023 to US$ 3,151.1 million by 2033. The market had a value of US$ 1,872.5 million in 2022 as a result of a 1.4% decline in demand …
Monthly Archives: January 2024
Citrus Alcohol Market Thriving: Growing Health Consciousness and Changing Consumption Patterns Drive Sales
According to current market research by FMI, the citrus alcohol market is anticipated to grow at a CAGR of 7.9%. The market is anticipated to reach US$ 1,272 million in 2023. The figures are projected to reach US$ 2,276.9 million by 2033. Urbanisation fueled by inflation has raised disposable income. Customer conduct has altered as a result. …
Exploring the Fusion of Culinary Artistry and Technology within the Meat Dicing Machine Market
According to projections, there will be a compound annual growth rate (CAGR) of 3.5% for the international market for meat-dicing machines. Currently, the market value is US$ 469 million (in 2023). Market analysts predict that the market for meat dicing machines will hit a high point of around US$ 660 million by 2033. The global Meat Dicing Machine …
Deep Learning Market Surges at 26.4% CAGR, Hits US$ 130,667.0 Million by 2032
The deep learning market is expected to be worth US$ 12,569.0 million globally in 2022 and is projected to increase at a CAGR of 26.4% to US$ 130,667.0 million globally from 2022 to 2032. The fast use of cloud-based technologies across several businesses is blamed for the expansion of the deep learning market. Deep learning neural networks are being used by businesses …
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Forecasting the Surge of Fish Deboning Machines with a 3.9% CAGR Until 2033
Global demand for fish deboning machines is anticipated to grow at a CAGR of 3.9%. The market is projected to generate $274 million in sales in 2023 and US$415 million by 2033. As consumer demand for fish and seafood products rises, the world’s seafood business is expanding significantly. The challenge for seafood processing facilities in this fast-paced …
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Culinary Evolution: Forecasting Trends in the Pre-Owned Commercial Kitchen Equipment Landscape Through 2033
Due to a Drop in Cost Prices by Major Manufacturers, Used Commercial Kitchen Equipment Sales Increase. According to the FMI Report, the market will be worth US$ 3,194.2 million during the forecasted period. During the forecast period, the market for used commercial kitchen equipment is anticipated to grow at a CAGR of 6.1%. According to estimates, the …
Iron Ore Pellet Market to Soar: Predicted to Reach a Staggering US$ 141,988.8 Million by 2033
The global iron ore pellet market is anticipated to experience substantial growth, with its market value expected to rise from US$ 66,503.9 million in 2023 to a projected US$ 141,988.8 million by 2033. This remarkable expansion is attributed to a forecasted compound annual growth rate (CAGR) of 7.9% over the assessment period. The surge in …
Smart Home Payments Market Targets US$ 318.2 Billion with 20.5% CAGR
The smart home payments market was valued at US$ 32.9 Billion in 2021. The market is expected to reach US$ 49.2 Billion by 2022 and US$ 318.2 Billion by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report Digital Wallet segment will remain pivotal for the market as the bulk …
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Skincare Market Radiates Prosperity, Poised to Attain US$ 380,492.2 Million by 2034-FMI Projection
The global skincare market size is expected to grow to a value of US$ 1,66,870.4 million by 2024. The market is anticipated to expand at a compound yearly growth rate of 8.6% between 2024 and 2034.Sales of skincare products are projected to reach US$ 3,80,492.2 million by 2034. An upsurge in the demand for body lotions, face …
Exploring the Depths: Anticipating a 4.2% Annual Growth, United States Hand Holes Market Sets Sights on US$ 564.9 Million by 2032 – Unveiling Upcoming Trends
The United States Hand Holes market is estimated to expand at a growth rate of 4.2% CAGR over the forecast period between 2022 and 2032, as per Future Market Insights (FMI). Growth in underground wire networking and an increase in demand for wire splicing to boost the market in the coming years. Growing demand for the underground vault to access …