In 2023, the patio furniture market is estimated to expand to a valuation of US$ 18.82 billion. From 2023 to 2033, it is predicted to exhibit a CAGR of 6%, reaching US$ 33.7 billion in 2033. The patio furniture industry is experiencing growth as outdoor spaces are increasingly viewed as extensions of the home. Tables, …
Monthly Archives: March 2024
Growing demand for healthier, non-alcoholic beverages and the appeal of cannabis for both medical and recreational purposes are propelling the market forward
Explosive growth in the Cannabis Beverages Market is caused by evolving consumer preferences and legalisation trends. Sales are expected to increase at a 17% CAGR from $1.2 billion in 2023 to $5.9 billion in 2033. Ads endorsing marijuana use for both medical and athletic purposes are fueling the growing trend of non-psychoactive CBD-infused beverages. Due to …
Global Botulism Market Expected to Grow at 6.7% CAGR, Reaching US$ 11.53 Billion by 2032
The global botulism market is poised for significant expansion, projected to achieve a Compound Annual Growth Rate (CAGR) of 6.7% between 2022 and 2032. In 2022, the market boasted a size of US$ 7.32 Billion, a figure expected to soar to US$ 11.53 Billion by 2032. Botulism, a severe illness primarily caused by toxins associated …
Growing awareness of health benefits and a preference for natural ingredients is driving the organic food and beverage market towards a projected $250 billion valuation in 2023
In the present year 2023, the organic food and beverage market is valued at $250 billion, with a projected compound annual growth rate (CAGR Prenatal vitamin supplements are becoming more and more popular as the value of a mother’s diet during pregnancy becomes more well recognized. These supplements supply the vital vitamins and minerals required for …
Animal Feed Processing Equipment Market Value Surges to US$ 34.8 Billion by 2033
The animal feed processing equipment market plays a critical role in the global food chain, ensuring the production of nutritious and efficient feed for livestock, poultry, and aquaculture. This market is experiencing steady growth, driven by several key factors. Market Drivers: Feeding the Future Rising Demand for Animal Protein: The global population is growing, and with …
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Insulated Food Delivery Bags Market: Expected to Exhibit a Compound Annual Growth Rate (CAGR) of 6.8% by 2033
In 2023, the insulated food delivery bags market is expected to increase to a valuation of US$ 14.49 billion. From 2023 to 2033, it is anticipated to exhibit a compound annual growth rate (CAGR) of 6.8%, reaching US$ 27.97 billion in 2033. The increasing trend of ordering food online via smartphones and food delivery apps …
Gaining Momentum: GCC Hydrochloric Acid Industry to Reach US$ 116.9 Million by 2033
According to a report by Future Market Insights (FMI), the GCC hydrochloric acid industry achieved a value of US$ 63.2 million in 2018. It is projected that demand for hydrochloric acid will increase to US$ 72.3 million by 2023. From 2023 to 2033, demand is expected to rise at a CAGR of 4.9%. As a …
Global Cough Suppressants Market is expected to cross US$ 50,948.51 Million by 2034 at a CAGR of 6.5%, according to FMI
The global cough suppressant market is on the brink of significant expansion, with projections indicating a remarkable surge to a valuation of US$ 27,141.6 million by 2024. According to the latest analysis by FMI, the market is anticipated to maintain a robust compound annual growth rate (CAGR) of 6.5% throughout the forecast period, setting the …
Cleanroom Flooring Market to Boom at 6.5% CAGR: Driven by Healthcare, Semiconductors, and Advanced Technology
A recently published study by FMI expects the global cleanroom flooring market to augment at a 6.5% CAGR from 2023 to 2033. By the end of the said assessment period, a valuation of US$ 4300 Million is expected for the market. Cleanroom flooring market growth is being driven by stricter healthcare regulations, rigid standards, and …
Rising global interest in health and wellness is fueling demand for protein supplements, particularly convenient options like ready-to-drink beverages and protein bars
The prenatal vitamin supplements market is rapidly expanding due to heightened awareness of maternal nutrition during pregnancy. With formulations catering to expectant mothers’ needs, this market is set to reach $1.04 billion by 2032, growing at a 7.1% CAGR from $522 million in 2022. Prenatal vitamin supplements are becoming more and more popular as the value of …