According to Future Market Insights (FMI), the global mezcal market is estimated to reach a valuation of US$ 635 million by 2024. Over the forecast period, sales are poised to increase at a CAGR of 14.2%. The global industry is estimated to reach US$ 1,536 million by 2034. Increasing consumer demand for premium versions of mezcal is a key factor surging mezcal …
Monthly Archives: August 2024
Surge in Residential Projects Boosts Demand for Countertops: A Comprehensive Market Analysis
The global countertop market is poised for significant expansion, with its value projected to increase from USD 122,395.22 million in 2023 to USD 197,478.28 million by 2033. This robust growth, anticipated to be fueled by an average compound annual growth rate (CAGR) of 4.9% over the next decade, reflects a rising demand for both functional and …
Global Baby Food Market to Expand at 5.0% CAGR, Forecasted to Reach USD 137 Billion by 2034 | FMI
The global baby food market size is estimated to reach US$ 84 billion in 2024. Over the forecast period, baby food sales are poised to increase at a CAGR of 5.0%. The global industry is estimated to reach about US$ 137 billion by 2034. Parental tastes and more retail marketing are fueling the infant food market’s growing demand for nutrient-dense baby …
Global Food Waste Management Market Poised to Hit USD 121.8 Billion by 2033 with a 5.7% CAGR Growth
The food waste management sector is poised for significant growth, with an estimated market value of US$ 70.0 billion in 2023, projected to reach US$ 121.8 billion by 2033, marking a robust CAGR of 5.7% over the forecast period.As food waste continues to escalate, spurred by uneaten or leftover food, the demand for effective food waste management solutions is on the rise. Increased …
Sweetener Industry Set for Growth: Forecasted to Achieve USD 16.9 Billion by 2034
The global sweetener market is anticipated to reach a valuation of USD 10.8 billion by 2024, with a projected CAGR of 3.8%, likely expanding to USD 16.9 billion by 2034. Natural sweeteners, the second-largest product category, have a global market share of about 22%. During the projection period, this category is expected to increase market share. The …
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Organic Beef Market Expected to Grow at 6.8% CAGR, Reaching USD 22.89 Billion by 2033
In the symphony of sustainable and health-conscious eating, the organic beef market is poised to expand at a CAGR of 6.8% from 2023 to 2033. This crescendo of growth finds its roots in a harmonious interplay of factors propelling the demand for organic beef. Foremost among them is the escalating desire among consumers for protein-rich and wholesome …
Human Milk Oligosaccharide Market Projected to Achieve 6.5% CAGR Through 2034 Due to Rising Population and Enhanced Infant Nutrition
According to Future Market Insights (FMI), the global human milk oligosaccharide (HMO) market is estimated to reach US$ 100.8 million in 2024. Over the forecast period, human milk oligosaccharide sales are poised to increase at a CAGR of 6.5%. The global market is estimated to reach US$ 161.6 million by 2034. Escalating demand for infant formula products that emulate the nutritional composition of …
Food Certification Market to Experience 10.4% CAGR Growth by 2034 as Awareness of Food Safety and Ethical Production Rises | FMI
According to the latest analysis, the global food certification market value is expected to grow from USD 11,053.9 million in 2024 to USD 28,405.7 million by 2034. It will likely exhibit strong growth during the forecast period, with overall demand rising at a CAGR of 10.4%. Several factors are expected to drive the food certification industry forward during the assessment period. These include: …
Mobile Cranes Market Expected to be Worth USD 33,500.2 Million by 2034, Expanding at 6.7% CAGR | FMI Reports
Mobile crane market sales are expected to witness a year-on-year growth of 6.7% in 2024, reaching a market value of USD 17,679.6 million. The market is projected to sustain a CAGR of 6.7% from 2024 to 2034, with revenues anticipated to reach USD 33,500.2 million by the end of 2034. Mobile cranes play a crucial …
Poultry Keeping Machinery Market to Exceed USD 7.7 Billion Million by 2033, with a CAGR of 4% | FMI Reports
The poultry keeping machinery market is on a promising growth path, currently valued at a robust USD 5.2 billion as of 2023. Projections indicate a strong future for the industry, with the market expected to grow at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033, reaching an impressive valuation of USD …