New Product Development
In 2023, the canned meat market is anticipated to reach a market value of US$ 13,644.8 million. The market is projected to surpass US$ 25,405.5 million in 2033, expanding at a CAGR of 6.8% during the forecast period. This mainly concerns the growing demand for protein-rich food and convenient foods. Along with protein, it has other nutrients …
Continue reading “Canned Meat Market Projected to Surpass USD 25 Billion by 2033, Reports FMI”
The fruit pectin market is witnessing growth due to its versatile applications in the food and beverage industry. Extracted from fruits like apples and citrus, pectin is a natural gelling agent and thickener used in jams, jellies, and confectionery. Its demand is driven by the rising preference for natural and clean-label ingredients. Additionally, the health-conscious consumer base …
The fragrance emulsifier market is predicted to rise at a CAGR of 3.4%, suggesting a stable growth trend from 2023 to 2033. The market is expected to expand in value from US$ 714.4 million in 2023 to US$ 1,000.8 million in 2033. Even though the observed CAGR of 1.9% between 2018 and 2022 indicates a slower growth …
From 2023 to 2033, the functional flour market is anticipated to expand significantly at a CAGR of 9.2%. Changing consumer lifestyles and rising consumer demand for premium food items, driven by the quest for taste and health benefits, give significant potential for market expansion. Furthering the market’s optimistic outlook are increased government rules that support …
In 2023, the butter powder market has been evaluated to reach a global market value of US$ 2.4 billion. With a growth rate at a CAGR of 6.3% during the forecast period, this market is estimated to appreciate almost twice its market value globally in 2033. As per FMI, the butter powder market is approximated to touch …
Continue reading “Butter Powder Market Insights: Anticipating a 6.3% CAGR Over the Next Decade”
The banana bread market is predicted to reach a CAGR of 14.1% during the forecast period and a market value of US$ 3,600.8 million by 2033. It is also foreseen to reach a market value of US$ 959.9 million in 2023. This is mainly due to a growing consumer preference for healthier alternatives. Banana is very beneficial …
The thermoformed tubs market is forecast to experience a growth of 5.3% CAGR over the estimated time period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 10,633.8 million in 2023. While making purchasing decisions, consumers factor in the product cost. The thermoformed packaging, as per SouthPack intelligence, costs 15% less than the …
Continue reading “Thermoformed Tubs Market Envisions Reaching US$ 17,822.6 Million by 2033”
According to Future Market Insights, Inc., the global omega-3 pet supplement market value is estimated to total USD 1,280.7 million in 2024. It is projected to grow at a CAGR of 7.9% during the assessment period, with global revenue reaching USD 2,292.5 million by 2034. Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-19711 The humanization of pets drives the global …
The pouch equipment market is anticipated to strive at an average CAGR of 5.1% between 2023 and 2033. The market is expected to have a market share of US$ 5.26 billion by 2033 while it is likely to be valued at US$ 3.20 billion in 2023 The expanding food and beverages market along with the pharmaceutical industry’s proliferation is expected to let them …
The global animal feed sweetener market value is estimated to total USD 9,732.1 million in 2024 and is projected to increase at a CAGR of 8.7% during the forecast period. Global animal feed sweetener sales are projected to total USD 20,784.6 million by 2034. Several factors are expected to drive the growth of the animal feed sweetener industry during the assessment period. These …