The total demand for food grade gases by industries worldwide surged 5.4% between 2019 and 2023, concluding at a sales valuation of US$ 7.4 billion. In 2024, the total production of food grade gas is estimated to be around US$ 7.8 billion in terms of value. Based on recent industry analysis reports, the worldwide demand …
Monthly Archives: June 2024
Unlock Market Growth Secrets: Plant-Based Protein Market Set to Surpass US$ 42.55 Billion by 2034
The plant-based protein market is poised for significant growth, with its size expected to increase from US$ 18.64 billion in 2024 to US$ 42.55 billion by 2034. During this period, a promising 8.6% CAGR in the demand for plant-based protein is projected to drive this expansion. Vegetarian cuisine is becoming increasingly popular all around the world. This idea has spread beyond nations where …
Lupin Protein Market Set to Reach US$ 159.7 Million by 2033, Driven by Rising Health Consciousness and Versatile Applications
The lupin protein market is expected to grow at a CAGR of 4.9% during the period 2023-2033. The market is expected to hit a valuation of US$ 159.7 million by 2033. As of 2023, the market is valued at US$ 98.8 million. The presence of amino acids makes the lupin protein one of the healthiest …
Plant-Based Chicken Market to Reach US$ 12.6 Billion by 2033, Achieving an 18.4% CAGR Due to Rising Demand for Nutrient-Rich Vegan Alternatives
The plant-based chicken market is expected to record a CAGR of 18.4% from 2023 to 2033, from US$ 2,325.4 million in 2023 to US$ 12,601.0 million by 2033. The world’s increased protein intake is the primary driver of the worldwide plant-based chicken business. Owing to the increased protein consumption, producers are more likely to offer …
Food-Grade Glycerin Market to Reach US$ 498 Million by 2033, Driven by Expanding Applications and Rising Consumer Awareness
The food-grade glycerin market is anticipated to expand its roots at an average CAGR of 2.0% between 2023 and 2033. The market is anticipated to cross a market share of US$ 498 million by 2033 while it is likely to be valued at US$ 389 million in 2023. Apart from the skincare benefits of glycerin, food-grade glycerin is helpful in moisturizing and preserving …
Ethoxyquin Market Poised for Significant Growth: High Demand from Aquaculture and Poultry Industries to Drive Expansion
A significant increase in consumer demand for pet food post COVID-19 is likely to drive Ethoxyquin market growth, according to a new study by Future Market Insights (FMI). Market players are targeting poultry, pesticide, and food preservative industries to increase their market share. The rising demand from the aquaculture sector will continue to boost growth of ethoxyquin …
Food-Grade Alcohol Market Set to Skyrocket: Projected to Reach US$ 6.16 Billion by 2033
According to Future Market Insights (FMI), the global food-grade alcohol market is expected to be worth US$ 4.16 billion in 2023 and US$ 6.16 billion by 2033, expanding at a CAGR of 4.0% during the forecast period. The food-grade alcohol demand may get fueled by an upward trend in the demand for spirits and beers …
Surging Demand in Integrated Food Ingredients Market: Projected to Reach US$ 112.85 Billion by 2033
The integrated food ingredients market size accumulated a value worth USD 69,510.0 million in 2023. It is anticipated to reach a market value of USD 112,848.7 million by 2033, growing at a CAGR of 5.2% through 2033. The market for integrated food ingredients is being pushed forward by factors such as Growing popularity of food encapsulation technology Improvements in high-efficiency equipment for mixing …
Is Demand for Potato Flakes Frying Up or Is it Flaky? – FMI Answers the Burning Question
The potato flake market is estimated to be worth US$ 8,056.80 million in 2024. Well-established popularity of processed food and snacks is making sure the demand for potato flakes remains strong. There is thus a firm base for the market to progress. Through the year 2034, potato flake demand is set to progress at …
Skyrocketing Demand: Vitamin Gummies Market Set to Surge to US$ 7.35 Billion by 2033
According to FMI, vitamin gummies are likely to generate US$ 4050 million by 2023. A CAGR of 6.5% is forecast for the market between 2023 and 2033, indicating a US$ 7352.3 million market. As multivitamin gummy provides critical support for all-around health and well-being demand for these gummies is expected to grow in …