In the vast underwater realm, precise navigation and positioning are crucial for various operations. Ultra-Short Baseline (USBL) positioning systems have emerged as a vital tool for subsea tasks, offering accurate location tracking for divers, ROVs (Remotely Operated Vehicles), and other submerged objects. Let’s dive into the current scenario of the USBL market, explore its future …
Monthly Archives: March 2024
Pulmonology Devices Market Expected to Reach US$ 3.8 Billion by 2033, Driven by Aging Population and Rising Respiratory Disease Rates
The global pulmonology devices market is experiencing significant growth, fueled by the increasing demand from an aging global population. According to a recent market projection, the market size is poised to reach US$ 1.4 billion by the end of 2023 and is expected to surge to a staggering US$ 3.8 billion by 2033, reflecting a …
Beverage Flavoring Agent Market Hits USD 4.5 Billion in 2022, Aiming for USD 7.8 Billion by 2032 with a 5.7% CAGR
The global market for Beverage Flavoring Agents is poised for growth with a projected Compound Annual Growth Rate (CAGR) of 5.7%, reaching a valuation of US$ 7.8 billion by 2032. The growth of the beverage flavoring agent market is driven by the increasing consumption of carbonated soft drinks, functional beverages, and juices. Flavoring systems have a significant …
A Sustainable Shift: The US$4.8 Billion Heavy Duty Heat Pump Market on the Rise
In 2022, the global heavy-duty heat pump market was valued at approximately US$ 3.1 billion, with the sector experiencing a surge in momentum driven by the introduction of technologically enhanced tritium light sources integrating various advanced technologies. According to Future Market Insights (FMI), the heavy duty heat pump market is poised to achieve a valuation of US$ …
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Caffeine Craze: Global Out-of-Home Coffee Market Brews Up to USD 36 Billion by 2032, Riding a 4.5% CAGR Surge
Out-of-home Coffee Market The out-of-home coffee market is estimated at USD 23.2 Bn in 2022 and is projected to reach USD 36 Bn by 2032, at a CAGR of 4.5% from 2022 to 2032. Future Market Insights projects the out-of-home coffee market to remain steady, exhibiting growth at 4.5% CAGR between 2022 and 2032 in comparison to the CAGR of 3.3% posted between 2017 and 2021. The …
Milk Protein Hydrolysate Market Surpasses USD 1.0 Billion in 2022, Anticipating a Robust 6.9% CAGR to Reach USD 1.6 Billion by 2032
According to the recent FMI report, the sales for milk protein hydrolysate are expected to cross a value of USD 1.6 Bn in 2032, significantly rising at a CAGR of 6.9% in the time period of 2032. According to projections, the market for milk protein hydrolysate in sports nutrition applications is anticipated to surpass USD 0.4 Bn by 2027. Sports nutrition …
Dairy Dynamics: Global Milk Powder Market Set to Surpass USD 34.5 Billion in 2022, Unleashing a 4.5% CAGR Surge through 2032| Fueled by Technological Advancements
Milk Powder Market Overview The milk powder market is set to witness growth at a CAGR of around 4.5% and top valuation of USD 50.1 Bn by 2032. Milk powder is a product that is obtained from various types of milk, which can determine its composition. The use of spray drying or roller drying methods during manufacturing makes it easy to store and …
Anthocyanin Food Colors Market to Hit USD 323 Million, Riding a 4.8% CAGR Wave By 2032 | FMI
Anthocyanin Food Colors Market report predominantly covers food and beverage application of Anthocyanin food colorants worldwide, the market is expected to reach a market valuation of nearly USD 323 mn by the year 2022, accelerating with a CAGR of 4.8% between 2022-2032. Anthocyanin food color sales are accounted for ~18.89% of the sales in the global natural food colors market which …
Ginseng Extracts Market Surges to USD 565.6 Million by 2032, Unveiling a Robust 7.7% CAGR | FMI Study
The global ginseng extracts market is set to witness growth at a CAGR of 7.7% and top a valuation of US$ 565.6 Mn by 2032. Ginseng is indeed well-known for its herbal properties and is often used to create functional foods and supplements. The extract from the root of ginseng contains active compounds called ginsenosides, which contribute to its various health …
Global Egg Yolk Oil Market to Surge to USD 528.9 Million by 2032, Fueled by a 7% CAGR | FMI Study
The global egg yolk oil market is set to witness growth at a CAGR of 7% over the forecast period (2022-2032) and top a valuation of USD 528.9 Mn by 2032. The increased adoption of egg yolk oil in sectors like pharmaceuticals and infant nutrition, as well as the innovation in product offerings, are driving the market’s expansion. The emergence of new …