The global food safety testing services market value is likely to jump from US$ 15,836.90 million in 2023 to US$ 30,061.73 million by 2033. This anticipated growth is expected to be driven by a steady CAGR of 7.0% in food safety testing services demand over the next decade. Although comprising the last component of the food manufacturing …
Monthly Archives: August 2024
Glutamic Acid Market to Grow US$ 15.79 Billion by 2033, Driven by Rising Use in Food and Pharmaceuticals, with a 4.7% CAGR
The global glutamic acid market size is estimated to be valued at US$ 10,160.6 million in 2023. The overall demand for glutamic acid market is poised to grow at a steady CAGR of 4.7% between 2023 to 2033, totaling a market valuation of US$ 15,787.8 million by 2033. The glutamic acid market has enormous development potential due …
Global Fluoropolymer Film Market to Reach USD 3.7 Billion by 2034, Driven by a 5.9% CAGR
Fluoropolymer films have become an increasingly popular material across various manufacturing operations, thanks to significant refinements in their development in recent years. According to Future Market Insights, the advancements have led to a notable rise in the significance and sales of fluoropolymer films, which were valued at USD 2.01 billion in 2023. Fluoropolymer films, composed …
Genetically Modified Food Market to Grow US$ 196.52 Billion by 2033, Registering a 6.5% CAGR Driven by Rising Demand for Nutrient-Rich Foods
Genetically Modified Food Market The market for genetically modified food is anticipated to expand significantly between 2023 and 2033, with a CAGR of 6.5%. The market value significantly increased from US$ 109,173.6 million in 2023 to US$ 196,516.8 million in 2033, reflecting this expansion. The market’s observed CAGR of 5.8% from 2018 to 2022 denotes a consistent …
Fruit Snacks Market Expected to Surge USD 11.12 Billion by 2032, Growing at a 7.4% CAGR Driven by Health Trends and Fiber Demand
Fruit Snacks Market The global fruit snacks market is poised for substantial growth, forecasted to reach a value of US$ 11,120 million by 2032 from US$ 5,456 million in 2022, reflecting a robust CAGR of 7.4%. This growth trajectory underscores increasing consumer demand for nutritious, convenient snack options enriched with essential vitamins and minerals. The market’s expansion …
MENA Frozen Food Market Set to Grow USD 1.86 Billion by 2033, at a CAGR of 2.5%, Driven by Convenience and Cold Chain Innovations
Frozen Food Market The Middle East and North Africa (MENA) frozen food market is on a trajectory of significant growth, with its value expected to reach US$ 1,453.2 million in 2023. Forecasts predict a steady Compound Annual Growth Rate (CAGR) of 2.5% from 2023 to 2033, ultimately achieving a market value of US$ 1,863.40 million by the …
Flax Seed Meal Market to Surge US$ 18.6 Billion by 2033, Driven by Nutritional Benefits and Diverse Applications, with a CAGR of 6.2%
The flax seed meal market revenue is projected to experience a moderate CAGR of 6.2% from 2023 to 2033. This growth rate surpasses the 5.6% CAGR observed between 2018 and 2022, indicating a notable surge in demand for flax seed meal. As a result of this increased demand, the market value is expected to rise significantly from …
Bread Crumbs Market Expected to Grow US$ 1,961 Million by 2033, With a CAGR of 7.1% | FMI
Bread Crumbs Market The global bread crumbs industry is on a significant upward trajectory, projected to grow from US$ 987.6 million in 2023 to an impressive US$ 1.96 billion by 2033, reflecting a robust CAGR of 7.1% over the forecast period. This growth is driven by the rising demand for processed and convenience foods, as well as …
Ferulic Acid Market to Expand US$ 130.1 Million by 2032, Driven by a Robust CAGR of 6.74% | FMI
Ferulic Acid Market In 2022, the size of the world ferulic acid market was estimated to be worth US$ 67.8 million. By the end of 2032, it is anticipated that ferulic acid sales would have increased overall at a strong CAGR of 6.74%, amounting to about US$ 130.1 Million. The rising demand for an anti-ageing cream is …
Fortified Eggs Market Set to Grow USD 821.9 Million by 2033, with 8.5% CAGR Driven by Rising Food Service and Household Use
Fortified Eggs Market The fortified eggs market is predicted to develop at an impressive 8.5% CAGR from 2023 to 2033, preceding the lower 8.7% CAGR witnessed between 2018 and 2022. This significant rise shows the demand for the fortified eggs market, increasing the market value from US$ 383.6 million in 2023 to US$ 821.9 million by 2033. …