The global botanical ingredient market is slated to progress at a CAGR of 7.3%. This will elevate the market size from US$ 185.91 billion to US$ 374.84 billion from 2024 to 2034. The growing healthcare, cosmetic, and food and beverage markets leverage the demand for botanical ingredients. Changing consumer lifestyles levitate the demand for eco-friendly products. In addition, consumers demand healthy …
Monthly Archives: June 2024
Allura Red AC Market: Steady Growth Projected at 6.01% CAGR from 2022 to 2032
The global allura red AC market is set to witness growth at a CAGR of 6.01% to reach a market valuation of USD 245 Mn by 2032. The demand for food colourants in the food and beverage industry is driving the global allura red AC market. The global allura red AC market is growing because of the rising …
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Food Grade Lubricant Market Forecasted to Reach USD 471 Million by 2033 | Future Market Insights, Inc.
The global food grade lubricant market is poised for significant growth, with its size expected to increase from US$ 363 million in 2023 to US$ 471 million by 2033. Over the next decade, a sluggish 2.6% CAGR in the demand for food grade lubricants will drive this expansion. The global demand for food grade lubricants is rising due to growing concerns about …
Functional Beverage Market to Reach USD 277,744 Million by 2033, Driven by Global Performance Enhancement Demand
The functional beverage market size is projected to surpass US$ 164,058 million in 2023 and is likely to attain a valuation of US$ 277,744 million by 2033. The functional beverage market share is expected to rise at a CAGR of 5.4% from 2023 to 2033. Functional drinks have firmly established themselves in the sports and fitness market, …
Pharmaceutical Contract Packaging Market is Expected to Reach US$12 Billion by 2033 | FMI Study
By the end of the year 2022, the net worth of the pharmaceutical contract packaging market was reported to have reached US$ 5.6 billion. As per our market analysis, the worldwide demand for pharmaceutical contract packaging could expand at an average of 7.5% from 2023 to 2033. By 2033, the adoption of pharmaceutical contract packaging is …
Automotive Turbocharger Market Surges with 9.6% CAGR to Reach USD 41.5 Billion by 2033
The global automotive turbocharger market is expected to be worth USD 16.6 billion. The market is expected to reach USD 41.5 Billion by 2033. It is anticipated to expand at a 9.6% CAGR throughout the forecast period. By compressing the intake air, turbochargers can potentially increase engine efficiency by improving combustion and power production. This can be particularly crucial if governments all over …
Sudachi Market: Growth Trends, Key Applications, Production Analysis, and Revenue Projections to 2032
According to the recent FMI report, the sales for sudachi are expected to surpass a value of USD 56.7 Million in 2032, rising at a CAGR of around 1.7% through the end of 2032. The growing adoption of sudachi as natural citrus flavouring agents in the food and beverage industries is expected to drive sudachi market growth. The …
Bi-metal Cans Market is Estimated to Reach at a Valuation of US$ 45.5 Billion by 2032 | FMI Study
The global bi-metal cans market is anticipated to record a CAGR of 5.6% during the forecast period. It is expected the market value will go up from US$ 25 Billion in 2021 and reach a valuation of US$ 45.5 Billion by 2032. Sales of bi-metal cans are expected to witness growth due to their advantageous qualities, which …
Margarine Market Poised for Growth at USD 55,711.7 Billion by 2033, Driven by Plant-Based Options | FMI
The margarine market is projected to increase from US$ 34,617.0 billion in 2023 to US$ 55,711.7 billion by 2033, with a CAGR of 5.1% from 2023 to 2033. The market expansion is primarily driven by the rising demand for margarine in the culinary, health, and wellness sectors. Margarine finds applications in diverse industries, including retail, food service, …
Rare Sugar Market: Size, Share, Future Trends, Technological Advancements & Growth Outlook by 2032
With a consistent 4.1% CAGR from 2022 to 2032, the rare sugar market is anticipated to surpass US$ 1.5 billion in 2022 and reach US$ 2.1 billion by 2032. The global population is showing an inclination toward low-calorie sweeteners owing to the rise in chronic disorders such as diabetes, blood pressure, and cardiovascular diseases. The food and …