The sales of Plant Based Cheese Market is estimated to be valued at US$ 1,530.2 Million in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 3,416.6 Mn by 2032, rising at a CAGR of 8.4% for 2022-32. Plant-based cheese has several health benefits, including reduced blood glucose, increased insulin sensitivity, and a decreased risk of …
Monthly Archives: February 2024
The Rise of Fluting Paper: Projections for Volume Expansion
The demand for fluting paper is anticipated to experience robust growth over the forecast period. This surge in demand can be attributed to the inherent characteristics of fluting paper, which positions it as a preferred alternative to plastic-based packaging solutions. Fluting paper, derived from natural sources, offers a renewable, eco-friendly, and recyclable packaging solution, aligning …
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Rising Demand for Algae-based Products Drives Global Algae Fats Market, Projected to Reach US$ 484.5 Million by 2033 – FMI Analysis
The market for algae fats is expected to rise at a compound annual growth rate (CAGR) of 5% from 2023 to 2033, reaching US$ 484.5 million. The market for algae fats is expanding due to the rising demand for products made from algae across multiple industries, including food, animal feed, and biofuel. The rising demand for …
Procurement as a Service Market: Forecasting Strong 7.5% Annual Growth, Targeting US$ 14,741.4 Million by 2033
The procurement as a service market is expected to experience steady growth, with an annual increase of 7.5%. By the year 2033, it is projected to reach a total value of US$ 14,741.4 million. This market involves outsourcing procurement processes to third-party service providers, offering benefits such as cost reduction and increased efficiency. PaaS providers offer a range …
Robocall Mitigation Market Witnesses Surge, Expected 12.7% CAGR Leading to US$ 18.05 Billion by 2033
The robocall mitigation market is estimated to be worth US$ 5.4 billion in 2023, with projections indicating a substantial increase to US$ 18.05 billion by 2033. This means the industry is expected to grow at a considerable annual rate of 12.7% throughout the forecast period. Robocall mitigation is a solution designed to stop unwanted automated calls that often carry spam or attempt to …
Climate Tech Market: Forecasting a Striking 24.5% CAGR, Surging to a US$ 182.54 Billion Valuation by 2033
The climate tech market is expected to be worth about US$ 20.34 billion in 2023, according to forecasts from FMI. What’s even more exciting is that this market is set to grow significantly in the years to come. By 2033, it’s predicted to reach an impressive US$ 182.54 billion. This means that from 2023 to 2033, the market …
Global Plant-Based Fish Market Expected to Reach US$ 1,271.2 Million by 2033, Driven by Growing Interest in Organic Foods – FMI Study
The Global Plant-based Fish Market is expected to increase from US$ 804.6 million in 2023 to US$ 1,271.2 million in 2033. As health concerns about excessive meat consumption grow, consumers are turning to a variety of meat substitutes. This venture is primarily benefiting sales of plant-based fish products. Growing Interest in Organic Foods Consumers place a high …
Vegan Protein Powder Market Expected to Witness Robust Growth, Projected to Reach US$ 9.07 Billion by 2033 – FMI Report
According to Future Market Insight, the Global Vegan Protein Powder Market will reach US$ 9.07 billion by 2033, registering a CAGR of 7.4%. This expected expansion represents a significant increase from its estimated value of US$ 4.63 billion in 2023. Globally, there has been a discernible increase in the number of people adopting vegan and vegetarian diets. People switch to …
Chickpea Protein Market Riding the Wave of Innovation and Consumer Trends, Projected to Cross US$ 165.1 Million by 2033
The global chickpea protein market is predicted to have a CAGR of 5.1% throughout the projected period, according to FMI’s analysis. The By the end of 2033, the industry is expected to have grown from US$ 100.9 million in 2023 to US$ 165.1 million. Growing consumer demand in the food business is expected to drive up …
Innovation in Seaweed Packaging: Advancements and Applications
Seaweed packaging, also known as seaweed-based packaging or seaweed bioplastics, refers to packaging materials derived from seaweed or algae. These innovative packaging solutions are gaining traction as sustainable alternatives to traditional plastic packaging due to their biodegradability, renewability, and low environmental impact. The Seaweed Packaging industry to reach a valuation of US$ 682.1 million in 2023 and …
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