The global tissue paper converting machines market, valued at US$ 1.6 billion in 2022, is forecasted to reach US$ 1.9 billion by 2026, exhibiting a steady CAGR of 4.9% during 2022-2026. Future Market Insights (FMI) anticipates an incremental opportunity of US$ 406.5 million over this period. However, the market faces challenges due to an increasing preference …
Monthly Archives: July 2024
Microcontroller Unit Market Poised for Robust Growth, Projected to Reach $70.6 Billion by 2033
The global microcontroller unit market is anticipated to reach $30.9 billion by 2023. From 2023 to 2033, worldwide microcontroller unit sales will increase at an 8.6% CAGR. By the end of 2033, the global microcontroller market will be valued at $70.6 billion. Demand for 32-bit microcontroller chips is very high over the world. The target …
Sports Nutrition Market Projected to Grow at 11.5% CAGR Through 2033 | FMI
According to Future Market Insight, the global sports nutrition market is likely to reach US$ 61.66 billion by 2033, registering a CAGR of 11.5%. This is a considerable increase from its projected value of US$ 20.77 billion in 2023. Key Drivers in the Sports Nutrition Industry Increasing awareness of nutrition and fitness Growing popularity of sports and fitness activities Rising disposable incomes in …
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CBD Oil Industry Anticipated to Surge with 31% CAGR Growth Rate by 2033
As per the latest market research conducted by FMI, the global CBD oil market is expected to record a CAGR of 31% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 389 million. By 2033, the valuation is anticipated to reach US$ 5,980.6 million. The primary reasons propelling the market’s growth include rising …
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Coffee Ground Market Forecast: Valuation Expected to Hit USD 1,772.80 Million by 2034
The coffee grounds market is estimated to be worth US$ 639.9 million in 2024. Production of coffee grounds is tied up with the production of coffee and the demand for the product too is amplifying with the greater number of younger people indulging in the drink. The need to manage and recycle coffee waste is also raising …
Energy Drinks Industry Anticipates Robust Growth, Targeting USD 64.9 Billion by 2034
Energy drinks, erstwhile, only consumed and even marketed for the athletic community, have made their place in the shopping baskets of every household. The market, with a staggering revenue of USD 38,300 million, has reached its all-time peak in 2024. With the advent of plant-based and non-dairy energy drinks, the market is very likely to flourish …
Ready-to-Drink Beverage Industry Set for Significant Growth, Projected to Reach USD 430.30 Billion by 2034
The ready-to-drink beverage (RTDs) market value is expected to rise from US$ 206.25 billion in 2024 to US$ 430.30 billion by 2034. This market is analyzed to propel ahead at a CAGR of 7.60% over the next decade. Industry players are strategizing for growth by increasing their college campus presence via nutrition-promoting programs. In addition, players are …
Transforming the Dextrose Monohydrate Market: Innovations Fueling 4.0% CAGR Growth to 2033
The global dextrose monohydrate market is projected to reach a value of US$ 498 million by 2023 and is expected to evolve at a CAGR of 4.0% to reach US$ 708.7 million by 2033. Due to its health advantages, dextrose monohydrate demand is anticipated to soar during the forecast period. Its application in the food and beverage …
Customized Premix Market to Grow at 6.1% CAGR, Expected to Hit USD 17.65 Billion by 2034
The customized premix market is expected to be valued at US$ 9,742.6 million in 2024. The market is projected to rise at a CAGR of 6.1% through 2034. By 2034, the market value is forecasted to have hit US$ 17,654.7 million. The working population is increasingly finding themselves with a lack of time available for …
Deodorization Systems Market Set for Rapid Expansion, Aiming for USD 5.2 Billion by 2030
The global deodorization systems market size is expected to reach US$ 5.2 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 3.4% CAGR between 2020 and 2030. According to the report, the market is anticipated to grow in the forecast period owing to …