As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top US$ 57.5 Mn in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of US$ 80.9 Mn by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of the factors …
Monthly Archives: May 2024
Vegan Cat Food Market Envisions USD 17,158.8 Million Milestone by 2033 | Future Market Insights Inc.
The vegan cat food market is forecasted to expand at 6% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 9,291 million in 2023. Growing ethical concerns among the masses related to the killing of animals for food are giving an impetus to market growth. Another factor fuelling the …
Food and Beverage Microalgae Market Set to Surge 7% Annually Through 2033, Reaching USD 247.4 Million
The global food and beverage microalgae market valued at US$ 125 million in 2023, is anticipated to experience a consistent growth rate of 7% between 2023 and 2033. By 2033, it is projected to achieve an impressive value of US$ 247.4 million. The food and beverage industry is witnessing a remarkable shift towards innovative and sustainable ingredients, …
Frozen Pizza Market Set to Flourish, Projected Valuation of USD 35,994 Million by 2033, Sustaining 6% Growth
The global frozen pizza market size is predicted to surpass a valuation of USD 20,196 million in 2023. It is anticipated to hit a valuation of USD 35,994 million by 2033. The market is slated to thrive at a CAGR of 6% from 2023 to 2033. Numerous flavors, dough varieties, and topping options are becoming more …
Automotive Rear Seat Reinforcement Market Projected to Reach USD 16.45 Billion by 2034 with 2.80% CAGR
The automotive rear seat reinforcement market is anticipated to total USD 12.46 Billion by 2024. The market size is anticipated to rise to USD 16.45 Billion by 2034, representing a CAGR of 2.80%. The booming popularity of luxury autos and SUVs is also contributing to its future growth. Rear seats with reinforcement can offer additional …
Future Market Insights Anticipates Demand for Microalgae in Fertilizers Sector to Exceed USD 28.7 Million by 2033
According to Future Market Insight, the global demand for microalgae in fertilizers sector is likely to reach USD 28.7 million by 2033, registering a CAGR of 10%. This is a considerable increase from its projected value of USD 11 million in 2023. Factors Fueling the Demand for Microalgae in Fertilizers Sector: Microalgae-based fertilizers are eco-friendly, reducing carbon footprint and supporting sustainable agriculture Microalgae …
Yeast-Based Spreads Industry Projected to Exceed USD 711 Million by 2033 with a 4.7% CAGR | Future Market Insights Inc.
Between 2023 and 2033, the global Yeast-Based Spreads Market is set to experience steady acceleration at a 4.7% CAGR Residual brewer’s yeast is utilized to make spreads like Marmite and Vegemite. These spreads have savory tastes and are rich sources of B vitamins. Right now, Australia is leading the global market for yeast-based spreads owing to the presence …
Global Powdered Cellulose Market is Likely to Reach a Valuation of US$ 297.4 Million, at a Steady CAGR of 4.9% by 2033
The global powdered cellulose market is anticipated to exceed USD 297.4 million in 2033. According to Future Market Insights (FMI), the valuation of the market is likely to reach USD 183.8 million in 2023. A slow but steady CAGR of 4.9% from 2023 to 2033 is slated to drive global market acceleration. Powdered cellulose is primarily derived from wood. However, wheat, bamboo, …
Global Beet Pulp Market Projected to Surpass USD 595.3 Million by 2033 with Dried Pulp Leading Revenue Share
The global beet pulp market is expected to be worth USD 268.30 million in 2022. Changing customer preferences for safer food for livestock will help the market reach a total of USD 595.3 million by 2033, with a CAGR of 8% from 2023 to 2033. There are several nutritional advantages to beet pulp for cattle. It …
Global Pet Dietary Supplements Market: Analyzing Industry Size, Leading Players, and Future Forecasts until 2033
During the projection period, it is anticipated that the pet dietary supplements market will grow at a consistent CAGR of 7.3%. The market has a share of USD 4.3 billion in 2023 and anticipates USD 8.7 billion in sales by 2033. Pet humanization is a growing trend where owners are treating their pets as counterparts and wanting …