The food sterilization equipment market is witnessing significant growth due to increasing consumer demand for safe and healthy food products. With rising concerns over foodborne illnesses, food manufacturers are focusing on implementing advanced sterilization techniques to ensure product safety. The adoption of new technologies like irradiation, heat treatment, and chemical sterilization is driving the market’s expansion. The …
Monthly Archives: May 2024
Food Processing Equipment Market Set for 4.4% CAGR Growth, Aiming for USD 74.66 Billion by 2034
The food processing equipment market is anticipated to be valued at US$ 48.58 billion by 2024. The market valuation is expected to be US$ 74.66 billion by 2034, projected at a CAGR of 4.4%. Driven by the surge in demand for processed food products, technological advancements, and uproar investments in the food and beverage industry, the market …
Dairy Processing Equipment Market Forecasted to Reach USD 18.3 Billion by 2034 with a 5.5% CAGR, According to FMI Report
According to different dairy processing equipment market growth drivers, the market will navigate its progress path at a moderate pace, projecting a CAGR of 5.5% and reaching US$ 18.3 billion by 2034. The dairy processing equipment market will be valued at US$ 10.7 billion by 2024. Government initiatives will drive the market, including offering subsidies, incentivizing dairy …
Gluten-Free Pasta Industry on Track to Reach USD 18 Billion by 2033, According to FMI
In recent years, the gluten-free diet has gained significant popularity as more people become conscious of their dietary choices and seek healthier alternatives. One particular segment that has witnessed remarkable growth is the gluten-free pasta market. The increasing awareness about gluten-related health issues has prompted several individuals to adopt gluten-free diets. Notably, millennials and Gen-Zs, who …
UHT Milk Market Projected to Hit USD 119.792 Billion by 2033: Surge Driven by Health and Fitness Trends
The UHT milk market is expected to be worth US$ 69.09 billion in 2023 and to thrive at a CAGR of 6%. With a growing emphasis on health and wellness, UHT milk sales are predicted to reach US$ 119.792 billion by 2033. The UHT milk industry can benefit from the growing popularity of healthy alternatives to on-the-go …
Liquor Confectionery Market Forecasted to Reach USD 1,002.0 Million by 2033 with 5.0% CAGR
The liquor confectionery market is expected to reach a value of US$ 603.0 million in 2023 and is projected to grow to US$ 1,002.0 million by 2033, with a significant CAGR of 5.0% during the forecast period. The market is driven by the increasing trend of preparing handmade confectioneries at home using liquor as a prominent ingredient, …
Gluten-Free Soup Market Expected to Achieve 7% CAGR, Valued at USD 4.74 Billion by 2033 | FMI
The gluten-free soup market is anticipated to expand its roots at a steady CAGR of 7% between 2023 and 2033. The market is expected to have a market share of US$ 4.74 billion by 2033 while it is likely to be valued at US$ 2.42 billion in 2023 Advanced healthcare and wellness centers with diet charts and plans are making people aware of …
Shea Butter Market to Grow at 7% CAGR, Reaching USD 5.58 Billion by 2033
In the forthcoming years, the shea butter market is poised for remarkable expansion, showcasing a promising growth trajectory. Projections indicate that by 2023, the market is anticipated to achieve a noteworthy value of US$ 2.75 billion, demonstrating its strong growth potential. This positive momentum is anticipated to persist as the market steadily progresses at a rate of …
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Growth of the Sustainable Plastic Packaging Market: Consumer Demand for Recyclable Packaging Solutions
The sustainable plastic packaging market is expected to be valued at US$ 106.4 billion in 2024. The market is projected to progress at a respectable rate over the forecast period, with a CAGR of 5.9%. By 2034, the value of the market is forecasted to reach US$ 189.0 billion. Sustainability measures are significantly impacting the …
Motocross Gears Market Expected to Surpass USD 14,669.8 Million by 2033: Demand in Conservative Scenario | FMI
The motocross gears market is estimated to be valued at USD 7,042.3 million in 2023 and is expected to surpass USD 14,669.8 million by 2033. Adoption of motocross gears is likely to advance at a CAGR of 7.6% during the forecast period. The rising passion for riding, particularly among millennials, has significantly boosted the global motocross gears market …