The China medical tourism market was worth USD 8.9 billion in 2022, and it is expected that it will increase at a CAGR of 16.1% to surpass USD 45.98 billion by 2033. Factors such as decreased treatment costs in developing countries, accessibility to the most up-to-date medical technology, boosting compliance with international and local requirements for quality and service, along promotion and marketing of medical …
Monthly Archives: May 2024
Silver Nitrate Market to Boom at 5.2% CAGR: Applications in Electronics, Healthcare & Photography Drive Growth
Silver nitrate, a versatile inorganic compound with the formula AgNO₃, finds application in various industries. According to projections, the global market for silver nitrate is expected to grow at a compound annual growth rate (CAGR) of 5.2% between 2022 and 2032. By the end of the forecast period, the market’s value will have increased to …
Exploring the Future of Plant-Based Protein Beverages: Market to Reach USD 2,664.3 Million by 2032
Plant Based Protein Beverages Market Plant-Based Protein Beverages Market is on an impressive growth trajectory, with sales expected to reach USD 2,664.3 million by 2032, up from USD 1,065.3 million in 2022. This growth, anticipated at a CAGR of 9.60% over the forecast period, is fueled by a confluence of factors including rising health consciousness, …
Plant-Based Pet Food Market: A Growing Trend in Pet Nutrition Set to Surge, Forecasted to Reach USD 57.43 Billion by 2032
The plant-based pet food market is witnessing an impressive surge, poised for substantial growth in the coming years. From 2022 to 2032, the market is projected to expand at a robust CAGR of 9.2%, reaching a remarkable revenue milestone of USD 57.43 Billion by 2032. This exponential growth trajectory is underpinned by several key factors reshaping …
Polyethylene Terephthalate (PET) Revolution: How This Recyclable Plastic is Shaping the Future of Packaging
Polyethylene terephthalate, commonly known as PET or PETE, is a type of plastic widely used in everyday life. It’s a clear, strong, and lightweight material that’s popular for making bottles, containers, and packaging for food and beverages. One of the reasons PET is so commonly used is its excellent barrier properties. It helps keep the …
Plant-Based Yogurt Market Set for Explosive Growth: Expected to Surpass USD 15 Billion by 2033
Plant-based Yogurt Market The global plant-based yogurt market size is witnessing an unprecedented surge, with its valuation reaching USD 4,489.87 million in 2023. This rapid expansion is driven by the increasing consumer awareness of the health benefits offered by plant-based alternatives. Forecasts suggest that the market will continue its upward trajectory, aiming to exceed USD 15,398.39 …
Rising Obesity and Chronic Diseases Drive L-Carnitine Supplements Market to USD 386 Million by 2033
L-Carnitine Supplements Market According to a recent report by Future Market Insights, market research and competitive intelligence provider, in terms of revenue, The global L-carnitine supplements market is poised for substantial growth, projected to reach a valuation of USD 386 million by the end of 2033. This robust expansion reflects a compound annual growth rate (CAGR) of …
Healthy and Sustainable: Plant-Based Beverage Market Expected to Reach USD 665.8 Billion by 2034
Plant Based Beverage Market The plant based beverage market is experiencing a significant surge, with its value anticipated to reach USD 374.6 billion in 2024 and projected to escalate to USD 665.8 billion by 2034. This growth is driven by the increasing consumer preference for health benefits, nutritional properties, and a minimal carbon footprint associated with …
Chlorine Market: Balancing Growth with Sustainability in a Booming Water Treatment Sector
Through 2034, the size and growth of the chlorine market are projected to expand slowly at a 4.5% CAGR. Over the course of the projected period, it will rise to USD 24.19 billion, increasing the market valuation from USD 15.58 billion as of 2024. Out of all the factors propelling the growth of the chlorine …
Dehydrated Vegetables Market Poised for 8% CAGR Growth, Reaching USD 159.6 Billion by 2033
Dehydrated Vegetables Market The global dehydrated vegetables market was valued at USD 72.7 billion in 2022, is projected to reach an impressive USD 159.6 billion by 2033. With an anticipated CAGR of 8% from 2023 to 2033, this market is poised for substantial growth. The primary driver behind this expansion is the dual advantage of dehydrating …