New Product Development
The FMI anticipates that the plant-based burger market is estimated to capture a valuation of US$ 5.1 billion in 2023. The market is increasing to US$ 23.2 billion by 2033 and is registering a CAGR of 16.3% during the forecast period. The demand for more practical and cruelty-free eating options is driving the market for plant-based burgers to grow. Because of advances …
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The HAZMAT labels market is on a trajectory to reach a valuation of US$ 2.3 billion by 2032, with a CAGR of 4.8% from 2022. This growth is attributed to the increasing need for safety compliance and quick hazard recognition in various industries. The DOT HAZMAT labels segment, accounting for 62% of the market in 2022, is …
The plant-based nuggets market is anticipated to reach a valuation of US$ 448.5 million in 2023 and is expected to be worth US$ 708.6 million by 2033. The demand for plant-based nuggets is estimated to record a steady CAGR of 5.8% CAGR. As people seek more sustainable and meat-free options, the market for Plant-based Nuggets is constantly expanding. Plant-based protein nuggets that …
The future of the volumetric filling machines market appears promising, with an anticipated expansion to a valuation of US$ 2.4 billion by 2033, reflecting a steady 3.1% CAGR. The driving force behind this growth lies in the continuous demand for automated solutions, particularly the automatic segment, which is expected to lead the market. Automation in …
As per the latest market research conducted by FMI, the global food ultrasound market is expected to record a CAGR of 5.1% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 119.3 million. By 2033, the valuation is likely to reach US$ 180.1 million. In the recent past, regulatory …
According to Future Market Insights’ research, the global horizontal strapping machine market is poised for substantial growth, with a projected valuation of US$ 788.7 Million in 2022 and an expected compound annual growth rate (CAGR) of 3.6% from 2022 to 2032. Notably, the top 3 countries are forecasted to collectively account for around 34% of the market …
The adoption of dinner Ready-to-Eat (RTE) food is expected to increase at a CAGR of 6.00% during the forecast period. The dinner Ready-to-Eat (RTE) food market size is anticipated to rise from US$ 14,692 million in 2023 to US$ 25,184.3 million in 2033. One of the primary elements driving market expansion is the rapidly urbanising food and beverage sector, which is also growing. The …
With a spectacular CAGR of 24% from 2023 to 2033, FMI predicts that the global plant-based pork market could rocket to a value of US$ 1.88 billion in 2023. Additionally, by the year 2033, this industry is projected to reach a staggering US$ 16.72 billion. Because of the detrimental effects of pig slaughter, various products have been introduced as alternatives. One …
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The Robotic palletizers & de-palletizers market is set to exhibit robust growth with a steady 4.7% CAGR throughout the forecast period. By 2023, the market is estimated to account for a share of approximately US$ 2.53 billion, projected to soar to a value surpassing US$ 4.0 billion by 2033. The adoption of automation across industries is a …
The Global Corrugated Automotive Packaging Market is on a robust growth trajectory, expected to achieve a valuation of US$ 2.0 billion in 2023, with projections reaching US$ 3.07 billion by 2033, reflecting a steady CAGR of 4.4%. This upward trend is driven by a confluence of factors. The expanding automotive industry plays a pivotal role, demanding high-quality packaging …
