New Product Development
The global stevia market is on a promising growth trajectory, anticipated to surge from US$ 405.6 million in 2024 to US$ 739.4 million by 2034, with a projected CAGR of 6.2%. Stevia’s market is developing due to rising demand for calorie-free, natural sweeteners. Given the growing concern about sugar’s potential negative health impacts, stevia’s plant-based origin and zero-calorie qualities have gained …
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The market for Elaeis guineensis (palm) fruit extract is expected to see steady growth in the coming years, with a projected Compound Annual Growth Rate (CAGR) of 6.1%. This translates to a significant increase in market size, reaching an estimated US$ 59.08 billion by 2032, up from US$ 32.68 billion in 2022. This growth suggests …
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The global market for food encapsulation is forecast to increase rapidly, with a CAGR of 9.3% from 2023 to 2033. Because of this rising trend, the market value is expected to reach an incredible US$ 14,547.9 million by 2033. In 2023, the market is expected to exceed US$ 5,952.8 million. Several reasons, including rising demand for quick-to-prepare …
The 3D mobile theater market is experiencing a surge in popularity, and analysts predict this trend will continue. With a projected Compound Annual Growth Rate (CAGR) of 7.5%, the market is poised to reach a staggering US$ 60 billion by 2032. This significant growth signifies a rising demand for immersive entertainment experiences on the go. …
The global battery materials industry value is anticipated to increase from US$ 57.9 billion in 2023 to US$ 102.8 billion by 2033. In the forecast period, global sales of battery materials are predicted to surge at 5.9% CAGR. The lead-acid battery segment is expected to create a higher demand for battery materials during the assessment period. This is due to the high adoption of …
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The market for reusable nursing pads is on a steady climb, with a projected Compound Annual Growth Rate (CAGR) of 1.9% through 2032. This translates to an expected market value of US$ 4.74 billion by the end of the forecast period, up from US$ 4 billion in 2021. Reusable Nursing Pads: A Growing Market for …
The infant fever stickers market is expected to surge at a healthy clip of 9% annually. Currently valued at US$480 million in 2022, the market is on track to reach US$1.2 billion by 2032. This significant growth indicates a rising demand for convenient and easy-to-use tools for monitoring infant temperatures. Infant Fever Stickers: A Boon …
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The railway system market is valued at US$ 28,278.1 million as of 2023. The market is expected to advance at a CAGR of 4.8% during the forecast period. By 2033, the market is expected to cross an estimate of US$ 45,192.2 million. Global urbanisation is accelerating, which has increased discretionary income. This has encouraged many …
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As per the reports published by FMI, the global air brake system market growth is estimated at US$ 2,108.8 Million in year 2023. The market value of the air brake system is anticipated to surpass a valuation of US$ 3 Billion by 2033, advancing at a CAGR of 3.6%. A historical market valuation of US$ …
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The automotive interior leather market is anticipated to expand its roots at a steady CAGR of 4.5% between 2023 and 2033. The market is expected to have a market share of US$ 54.27 billion by 2033 while it is likely to be valued at US$ 34.94 billion in 2023. The increasing preference for lightweight design …
