The global cheese alternative market is expected to reach a market valuation of USD 4.3 Billion by the year 2022, accelerating with a CAGR of 8.3% by 2022 to 2032, to reach a value of USD 9.6 Billion by 2032. Cheese alternative market size accounted for 20% of the overall non-dairy market globally in 2022 and is expected …
Monthly Archives: March 2024
Salad Oil Market Set to Double Revenue to US$ 348 Billion by 2032, Driven by Shifting Consumer Tastes and Health-Conscious Trends
Salad Oil Market The global salad oil market is projected to reach approximately US$348 billion in revenue by 2032, up from US$177 billion in 2022, and to grow at a CAGR of 6.9% over the forecast period (2022-2032). . Demand for salad oil is gaining momentum as consumer behavior and eating habits change from serving the same number of …
Probiotic Strains Market Poised for 8% CAGR Growth, Forecasted to Reach US$ 11.98 Billion by 2033, Fueled by Health Awareness and Demand for Functional Foods
Probiotic Strains Market The global probiotic strains market valuation is US$ 5,781.2 million in 2023 and is expected to reach US$ 11,983.5 million by 2033. The global market is likely to grow at a CAGR of 8% during the forecast period. Key Aspects Driving the Probiotic Strains Market Growing Health Awareness: The growing concern for health and well-being …
Tobacco Market: Expected to Reach US$ 878 Million by 2034 with a CAGR of 3.40%
In 2024, the global tobacco market is anticipated to surpass a valuation of US$ 627 million with a CAGR of 3.40% during the forecast period. By 2034, the global market is expected to reach US$ 878 million. The rapidly growing tobacco industry is surging the demand for high-quality and organic tobacco among consumers. Increasing urbanization, …
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Aluminum Foil Lids Market is Expected to Reach Approximately US$ 2.8 Billion by 2033 | FMI
The global aluminum foil lids market is anticipated to capture a valuation of US$ 1.8 billion in 2023 and reach US$ 2.8 billion by 2033. The global market is expected to secure a CAGR of 4.8% during the forecast period. Which Sectors are Fueling the Global Market? The global market is influenced by various sectors including: Food …
Sustainable Styling: FMI Study Reveals How the Eco-Friendly Foam Pouch Industry is Making Waves?
The global foam pouch market is expected to reach a valuation of US$ 941.37 million by 2033, growing at a CAGR of 5.0% between 2023 and 2033. The increasing adoption of foam pouches across various commercial and industrial sectors propels market demand. These innovative packaging solutions from polyethylene, polyurethane, and polystyrene provide excellent surface protection, …
Smart Labels Demand to Boost Growth Opportunities in the Labels Industry. Labels Market to Hit US$ 67.36 Billion by 2033.
The global labels market is anticipated to soar at a CAGR of 4.9% from 2023 to 2033, achieving a valuation of US$ 41.75 billion in 2023. By the end of 2033, the labels industry is projected to hit US$ 67.36 billion. Colorful Labels Ignite Market Growth Through Strengthened Demand The increased customer response to marketing …
Sheep Creep Feeder Market Size: Industry Surges to US$ 497 million by 2033
The sheep creep feeder market is expected to increase from US$ 260 million in 2023 to US$ 497 million by 2033. The adoption of sheep creep feeders is projected to rise at a CAGR of 6.7% during the forecast period. The demand for sheep creep feeders is rising as a result of the rising demand …
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Halal Ingredients Market Set for Robust Growth, Forecasted to Surpass US$ 436.2 Billion by 2032, Driven by 4.9% CAGR | FMI
Halal Ingredients Market The global halal ingredients market size is valued at USD 327.4 Bn in 2022 and it is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2032. The average CAGR is likely to lead the market as it would cross the value of US$ 436.2 Bn by 2032. Even though Muslims will continue to …
Multifunctional Food Ingredient Market to Reach US$ 186.62 Billion by 2034, Driven by 5.5% CAGR and Rising Demand for Enhanced Nutrition and Shelf Life
Multifunctional Food Ingredients Market The multifunctional food ingredient market is anticipated to achieve a valuation of US$ 109.33 billion in 2024, with projections to increase to US$ 186.62 billion by 2034. The forecast period is expected to witness a development at a CAGR of 5.5%. Consumers are demanding ingredients that provide basic nutrition and offer additional health benefits. In response to this …