According to the recent report publish by FMI, the sales for soy protein concentrate are expected to cross a value of USD 4.5 Billion in 2032 & significantly rising at a CAGR of around 9.2% in the end of 2032. As a result of the invention of the soy protein concentrate, the use of soybeans in cattle and poultry diets has …
Monthly Archives: August 2024
FMI Forecasts Milk Powder Market to Hit USD 51.89 Billion by 2034 with Consumer Demand Surge
According to Future Market Insights, the milk powder market is poised for significant growth, with its size expected to increase from US$ 35.26 billion in 2024 to US$ 51.89 billion by 2034. Over the next decade, a moderate 3.90% CAGR in the demand for Milk Powders is projected to drive the expansion, which had seen a CAGR of 3.66% …
Smart Home Solutions Market is Expected to Reach a High Valuation of USD 2,50,456.9 Million by 2032 | FMI
The smart home solutions market is predicted to rise at a rapid CAGR of 12.3% during the forecast period, reaching a value of USD 78,342.6 million in 2022. The market is anticipated to grow and reach USD 2,50,456.9 million by 2032. The smart home solutions refers to home automation methods that are triggered by computing and information technology …
Carnauba Wax Market Poised for 4.2% CAGR Growth Through 2032
The carnauba wax market is expected to escalate at a CAGR of 4.2%, from USD 290.0 million in 2022 to USD 435.8 million through 2032. Amid the COVID-19 crisis, the global market for carnauba wax is estimated at US$ 290.0 Million in 2022 to US$ 435.8 Million in 2032. Previously, the market grew at a faster rate …
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Global Plant-Based Preservatives Market to Grow from USD 3.1 Billion to USD 5.8 Billion by 2032, With 6.6% CAGR
According to FMI, the global plant-based preservatives market size is projected to expand from USD 3.1 billion in 2022 to USD 5.8 billion by 2032, with a strong compound annual growth rate (CAGR) of 6.6% over the forecast period. The growing preference for natural food preservatives over chemical alternatives is a major driver of sales …
Alpha-Amylase Baking Enzyme Market Set to Achieve USD 465.5 Million by 2032
The global alpha-amylase baking enzyme market is expected to secure a market value worth US$ 465 Million while expanding at a CAGR of 3.8% during the time period. The market’s growth can be accredited to the increasing importance of enzymes in bread making to provide various features such as; color texture, dough improvement, and softness. Increasing demand …
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Global Silicon Carbide Market to be Worth USD 5.8 Billion by 2032: Future Market Insights, Inc.
The silicon carbide market is expected to experience steady growth at a compounded annual rate of 7.5% throughout the forecast period. During this period, it is projected that the silicon carbide market will attain a total value of approximately USD 5.8 billion by the year 2032 improving from the valuation of USD 2.8 billion in 2022. Another name for silicon …
Anthocyanin Food Colors Market Projected to Reach USD 515 Million by 2032, Reports Future Market Insights Inc.
Anthocyanin food colors market is witnessing substantial growth due to the rising demand for natural food additives. These plant pigments, found in fruits and vegetables, are gaining popularity as a healthier alternative to synthetic dyes. Consumers are increasingly seeking clean-label products, propelling the demand for anthocyanin food colors across various industries like beverages, confectionery, and dairy. …
Global Gluconolactone Market Expected to Reach USD 256.2 Million by 2033, Growing at 8% CAGR
As per Future Market Insight’s analysis, the global Gluconolactone market size is anticipated to achieve a valuation of USD 256.2 million by 2033, reflecting a CAGR of 8%. This represents a significant surge compared to the projected worth of USD 120 million in 2023. The ever-increasing global population and rapid urbanization drive the demand for …
Global Microbial Seed Treatment Market to Reach USD 3,869.2 Million by 2034, Growing at 12.5% CAGR
In 2022, the global microbial seed treatment market achieved sales of USD 988.3 million. The industry saw a 9.8% year-on-year growth in 2023 and is expected to reach USD 1,191.5 million in revenue by 2024. From 2024 to 2034, the market is projected to grow at a compound annual growth rate (CAGR) of 12.5%, reaching …