Soy Milk Market Soy milk, over the years, has come a long way to become one of the prominent non-dairy alternatives. Busting myths and negative perceptions, soy milk’s acceptance in the general population has taken the market to a staggering US$ 6,877.4 million in 2024. Effective marketing strategies by key players in the market are …
Monthly Archives: June 2024
Expanding Opportunities in Dairy Testing Services: Projected Growth to USD 9.63 Billion by 2032
In 2022, the global dairy testing services market is valued at USD 4.04 billion, with an anticipated compound annual growth rate (CAGR) of 8.1% from 2022 to 2032. Sales of dairy testing services are projected to contribute approximately 18.8% to the overall demand in the global food testing market, which is valued at USD 21.5 billion in …
Freeze-Dried Food Market to US$ 54.8 Billion by 2032, Driven by Rising Packaged Food Demand
Freeze-Dried Food Market The global freeze-dried food market is set to witness growth at a CAGR of 6.8% over the forecast period, reaching a valuation of US$ 54.8 Bn by 2032. Increasing awareness about various health benefits of nutritional, natural, and low carb diet is fuelling the demand for freeze-dried fruits and vegetables. One of the key factors driving the market …
Processed Cashew Market Set to Grow at 5.8% CAGR, Capturing 63% Market Share by 2032
Processed Cashew Market The global processed cashew market is set to witness growth at a CAGR of 5.8%, surpassing US$ 8,793.0 Mn by 2032, finds Future Market Insights (FMI). Growth is driven by rising demands for superfood with nutritional properties. Consumers are increasingly interested in diets that are both sustainable and healthy. Hence, adoption of sustainable food products such as …
Almond Milk Market Poised for 9.2% CAGR, Reaching US$ 14.2 Billion by 2034, Fueled by Health Trends and Lactose Intolerance Awareness
The global almond milk market is expected to grow significantly, increasing from an estimated US$ 5,895.8 million in 2024 to US$ 14,193.79 million by 2034, reflecting a robust CAGR of 9.2%. This growth is driven by rising lactose intolerance rates, increasing health awareness, and a growing preference for non-dairy alternatives like vanilla almond milk. These factors contribute …
UHT Milk Market Set to Reach US$ 119.792 Billion by 2033 with 6% CAGR, Driven by Growing Health Awareness
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 …
Organic Tea Market Poised for Strong Growth, Projected to Reach US$ 2.69 Billion by 2033 with 8.0% CAGR
Organic Tea Market The organic tea market is expected to expand its roots at a steady CAGR of 8.0% during the forecast period. The market is likely to hold a revenue of US$ 1.24 billion in 2023 while it is anticipated to cross a value of US$ 2.69 billion by 2033. Organic products are getting more popular among customers due to changing …
Europe Duckweed Protein Market Set for Rapid Growth, Anticipates 20% CAGR to Reach US$ 7.9 Million by 2033
Europe duckweed protein market is expected to capture a 20% CAGR from 2023 to 2033. The market is likely to increase from US$ 1.28 million in 2023 to US$ 7.9 million by 2033. According to Future Market Insights (FMI), sales of duckweed protein will make up 1.1% to 1.8% of the global market for plant-based protein. …
EV Power Module Market to surpass US$ 16,805.4 million by end of the year 2033
According to FMI’s study of the global EV power module market demand, the industries are anticipated to expand at a healthy CAGR of 24% on average. Consequently, by the end of the forecast period, the EV module market share’s entire worth might reach up to US$ 16,805.4 million. Back in the year 2022, the overall …
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EV Coolants Market to grow at a rate of 28.7% by 2033
The global EV coolants market size is figured out to be around US$ 297.2 million in 2023 and is expected to grow at a rate of 28.7% in the coming decade. A report on the EV coolants market predicts the overall valuation to reach up to US$ 3,704.9 million by the year 2033. The EV …
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