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According to estimates, the global market for smart home automation would increase from US$ 72 billion in 2022 to US$ 168 billion in 2032, with a CAGR of 8.84% between those two years. The Internet of Things (IoT) is becoming more widely used, and as a result, machine-to-machine communication has advanced, encouraging customers to use smart home …
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The estimated size of the cream cheese market in 2023 is close to US$ 6,564.5 million. The market would be driven by several variables throughout the projected period, including the expanding worldwide population and increasing demand for packaged food. It is likely to have produced US$ 11,370.5 million by 2033, alongside a CAGR of 5.6% from 2023 …
The global butter and margarine market size is set to attain US$ 4,885.40 million valuation in 2024. The butter and margarine sales indicate an upswing at a steady CAGR of 6.2% between 2024 and 2034. The butter and margarine demand has the potential to secure a worth of US$ 8,935.40 million by 2034. The advancing inclination towards …
The agave nectar market is expected to expand from US$ 2,06,024.0 million in 2023 to US$ 3,78,776.4 million by 2033. The demand for agave nectar is anticipated to have an effective CAGR of 6.3% from 2023 to 2033 compared to the CAGR of 2.5% from 2018 to 2022. There has been a tectonic movement towards clean-label, natural, …
The fruit pectin market is witnessing growth due to its versatile applications in the food and beverage industry. Extracted from fruits like apples and citrus, pectin is a natural gelling agent and thickener used in jams, jellies, and confectionery. Its demand is driven by the rising preference for natural and clean-label ingredients. Additionally, the health-conscious consumer base …
The fragrance emulsifier market is predicted to rise at a CAGR of 3.4%, suggesting a stable growth trend from 2023 to 2033. The market is expected to expand in value from US$ 714.4 million in 2023 to US$ 1,000.8 million in 2033. Even though the observed CAGR of 1.9% between 2018 and 2022 indicates a slower growth …
As per the latest findings of Future Market Insights, global beach tourism market revenue is anticipated to be USD 152.3 Billion by the end of 2023. In the long term, the beach tourism market is evaluated to arrive at around USD 265.1 Billion in 2033. As per the latest update by Future Market Insights, the beach tourism market is forecast to …
According to Future Market Insights’ most recent research, worldwide revenue from the wellness tourism market is projected to reach USD 999.5 billion by the end of 2023. Long-term estimates place the value of wellness tourism at USD 2,635.2 billion in 2033. Wellness Tourism involves individuals traveling to destinations with the primary goal of improving their physical, mental, and spiritual well-being. It goes …
According to Future Market Insights (FMI), in 2023, the industrial tourism market will be worth USD 1,663.6 million. By 2033, it would reach USD 18,739.3 million. The surge would occur at a CAGR of 27.4% from 2023 to 2033. As high disposable income group numbers are increasing, it is giving rise to more travelers. It is increasing industrial tourists worldwide. They …
It is projected that the Japan tourist market will participate in remarkable growth, with a double-digit compound annual growth rate of 7.6 between 2023 and 2033. By the end of 2023, it is expected that tourism to Japan will bring in USD 208,926 million worldwide. Long-term tourism to Japan is projected to reach around USD 559,470 million by 2033. Japan …
