As per the market survey report, the catering services business worldwide generated a revenue of around US$ 565 million in the year 2018. Though the market followed a steeply rising curve in the following years, the average CAGR until 2022 has been brought down to 1.2%. This tragic downfall in demand for catering services was a consequence …
Monthly Archives: July 2024
Industrial Margarine Market Set to Surpass USD 4.42 Billion by 2033 Amid Rising Lactose Intolerance and Nutritional Demand
The global industrial margarine market is expected to record a CAGR of 5.1% between 2023 and 2033. In 2023, the market valuation is expected to be at US$ 2.69 billion. By 2033, the figures are expected to surge beyond US$ 4.42 billion. The world has been witnessing an increase in lactose intolerance cases. The experts believe that …
Starter Feed Market to Reach USD 54.31 Billion by 2033, Driven by Health Consciousness and Organic Feed Trends
The global starter feed market is predicted to record a CAGR of 5% over the forecast period, according to a recent market research analysis from FMI. The analysis estimates that the market for starting feed is likely to be worth US$ 33.34 billion in 2023 and US$ 54.31 billion by 2033. The expansion of the global starter …
Clean-Label and Organic Trends Propel Fruit Jams, Jellies, and Preserves Market to Exceed USD 3.16 Billion by 2033
The fruit jams, jellies, and preserves market are expected to advance at a CAGR of 5.4% between 2023 and 2033. The FMI researchers have opined that the market size in 2023 is expected to be US$ 1.87 billion. By 2033, the valuation is expected to cross US$ 3.16 billion. There has been a surging demand for clean-label …
Future Trends: Chickpea Market Forecasts Significant Growth, Reaching USD 15,519.9 Million by 2033
The chickpea market is scheduled to expand at a CAGR of 6.9% during the anticipated period. From USD 7,948.2 million in 2023 to USD 15,519.9 million in 2033, the chickpea market size is forecast to rise. The main factor surging the growth of the chickpea protein market is customers’ growing preference for nutritious foods. People …
Explosive Growth Ahead: The Global Cold Cuts Market Set to Reach USD 1,073.66 Billion by 2033 Driven by Urbanization and Consumer Trends
The global demand for cold cuts market is set to witness extraordinary growth over the next decade, with its valuation projected to skyrocket from USD 483.71 billion in 2023 to USD 1,073.66 billion by 2033. This significant expansion is driven by a steady 8.3% CAGR, fueled by expanding urban populations, rising demand for on-the-go foods, and increasing consumer awareness of various …
Future Trends in Cultured Wheat Market: Expected Rise to USD 625.5 Million by 2032, with a Yearly Growth Rate of 6.1%
The global market value of cultured wheat is projected to increase annually by 6.1%, reaching USD 625.5 million by 2032. Cultured wheat is widely used as a natural food preservative. It’s made by fermenting wheat flour with bacteria called Propionibacterium freudenreichii, which is commonly found in dairy products like milk. This bacteria helps in preserving …
Europe Safety Eyewear Market Sharpening its Focus: Projected to Reach US$ 1,457.5 million by 2033 | FMI Report
The eyes are a window to the soul, and in the workplace, they’re also a window to potential hazards. That’s why the European safety eyewear market is poised for significant growth, with a projected CAGR of 4.5% reaching a value of a staggering US$ 1,457.5 million by 2033. As a European decision-maker, here’s why you should prioritize investing in this critical …
United States Luxury Fine Jewelry Market Projected to Increase to USD 17.7 Billion by 2033
According to Future Market Insights (FMI), the United States luxury fine jewelry industry market is expected to grow steadily at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2033. The market value is forecasted to rise from USD 11.5 billion in 2023 to USD 17.7 billion by 2033. At the end of 2022, the …
Boat Rental Market : Forecasted to Reach USD 27.9 Billion by 2033 | FMI
The boat rental market is anticipated to flourish at an average CAGR of 5.4% between 2023 and 2033, with the market expected to hold a market share of USD 27.9 billion by 2033. In 2023, the market is likely to reach a value of USD 16.5 billion. The expanding tourism sector and the rise of boating companies …
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