New Product Development
The processed meat market is predicted to develop at an impressive 6.5% CAGR from 2023 to 2033, exceeding the lower 6.1% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the processed meat market, increasing the market value from USD 349.5 billion in 2023 to USD 634.5 billion by 2033. The …
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The global antimicrobial glass powder market is poised for significant growth, with its value expected to rise from USD 2,827.6 million in 2024 to USD 7,702.0 million by 2034. Over this period, the market is projected to experience a compound annual growth rate (CAGR) of 10.6%. Bioactive-based antimicrobial glass powders are increasingly being utilized across …
The lithium silicon battery market is forecasted to reach USD 22.2 billion by 2024 and is expected to soar to USD 1150.0 billion by 2034. This rapid growth is primarily driven by the increasing adoption of electric vehicles (EVs) and renewable energy solutions worldwide. Leading countries such as the United Kingdom, the United States, China, …
The MS polymer market is set to achieve a valuation of USD 6.2 billion by 2024 and is projected to grow to USD 11.2 billion by 2034, with an anticipated compound annual growth rate (CAGR) of 6.1%. Several factors are driving the MS polymer market’s growth, including increasing demand for environmentally friendly alternatives, stringent regulations …
The market analysis report by FMI projects that the lactose-free butter market is projected to thrive at a strong CAGR of 7% over the study period. By the end of the year 2033, the overall market is anticipated by FMI to reach a value of about USD 603 million. The growing percentage of the lactose intolerant population …
The global market for UV curable resin and formulated products reached USD 5.5 billion in 2023 and is poised to grow to USD 17 billion by 2034, with a compound annual growth rate (CAGR) of 10.5% from 2024 to 2034. By 2024, the market is expected to achieve USD 6.2 billion. An innovative driver of …
The global market for high-performance fluoropolymers reached USD 4.9 billion in 2023 and is anticipated to grow to USD 8.9 billion by 2034, with a compound annual growth rate (CAGR) of 5.5% from 2024 to 2034. By 2024, the market is expected to reach USD 5.2 billion. Industries such as electronics, automotive, and aerospace are …
The liquor confectionery market is anticipated to reach USD 603.0 million in 2023 and is forecasted to grow to USD 1,002.0 million by 2033, driven by a substantial compound annual growth rate (CAGR) of 5.0% throughout the forecast period. New product launches with different flavoured chocolates, candies and gums are anticipated to positively influence the …
As of 2023, the global shea butter market has achieved a substantial valuation of USD 2.75 billion, underscoring its strong growth trajectory. Projections indicate that the market will continue to expand steadily, with an anticipated compound annual growth rate CAGR of 7% from 2023 to 2033, ultimately reaching a noteworthy value of USD 5.58 billion …
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The global fish sauce market is set to exceed USD 18.4 billion by 2023, with a projected surge at a notable compound annual growth rate (CAGR) of 6.0% until 2033, aiming to reach USD 31.6 billion. The increasing demand for fish sauce is driven by a growing consumer preference for ethnic and spicy flavors. Additionally, …
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