The pet market is projected to reach a value of USD 18 billion in 2023 and is anticipated to soar to USD 39 billion by 2033. The adoption of pets is expected to progress at a Compound Annual Growth Rate (CAGR) of 8% during the forecast period. One of the key drivers behind this growth is the humanization of pets. As …
Monthly Archives: August 2024
Pet Stain Remover and Odor Control Market: Projected to Reach USD 14 Billion by 2033
In 2023, the market for pet stain remover and odor control products is estimated to be worth USD 9 billion. It is anticipated to grow to USD 14 billion by the year 2033. The adoption of these products is expected to progress at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period. The market is witnessing the emergence …
Pet Lodging Market Poised to Reach USD 7 Billion by 2033: A Comprehensive Analysis of Demand-side Trends
In 2023, the pet lodging market is estimated to be worth USD 4 billion. By 2033, it is projected to reach a total of USD 7 billion. The adoption of pet lodging is expected to advance at a Compound Annual Growth Rate (CAGR) of 5.7% throughout the forecast period. The rise in dual-income households has resulted in an increased need …
Pet OTC Medication Market Set to Surpass USD 14,210.2 Million by 2033 | FMI
The global market for over-the-counter (OTC) medication for pets is positioned for significant expansion, with an estimated value of USD 9,170 million in 2023. This market demonstrates a strong and steady trend, with an expected Compound Annual Growth Rate (CAGR) of 4.5% projected to continue until 2033. With steadfast growth projections, it is anticipated that the global …
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Pet Shampoo Market: Organic Preferences Driving Sales Growth at a Steady 6% CAGR by 2032
The pet shampoo market is projected to achieve a valuation of US$ 517 million in 2022. With demand expected to increase steadily at a Compound Annual Growth Rate (CAGR) of 6% throughout the assessment period, the market is forecasted to reach US$ 934 million by 2032. The pet shampoo market holds a share of approximately 30% to …
Bird Food Market Takes Flight: Reaches USD 3,229.5 million by 2034 With CAGR 3.5%
The chirps of opportunity are getting louder in the bird food market. This market, valued at a healthy US$ 2,206.5 million in 2024, is projected to take flight, reaching a phenomenal US$ 3,229.5 million by 2034, fueled by a steady CAGR of 3.5%. Are you ready to spread your wings and capitalize on this flourishing industry? Why the Bird Food Market is …
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Global Truffles Market Set for Robust Growth: Rising Demand in Gourmet Foods and Luxury Cuisine
Truffles Market The global truffles market(Mercado de trufas) is on a promising growth trajectory, with an estimated valuation of USD 378.7 million in 2023. According to Future Market Insights (FMI), increasing consumer preferences towards culinary dishes and unique flavors are set to propel the market to USD 906.3 million by 2033, growing at a CAGR of 8.9% …
Pet Treat Market to Expand Rapidly: Health-Conscious Owners Drive Demand for Premium Products
Pet Treat Market The pet treat market(Mercado de golosinas para mascotas) has seen steady growth over the past decade and continues on this upward trajectory with a modest CAGR of 5.50%. In 2024, the market value surpassed expectations, reaching an impressive US$ 8,350.5 million. This positive trend is projected to persist, with the market expected to …
Flavored Whiskey Market Poised for Significant Expansion: Innovation and Consumer Preferences Fuel Growth
Flavored Whiskey Market According to an industry report, flavored whiskey market(Mercado de whisky aromatizado) is expected to generate US$ 28,080 billion by 2023. Estimates indicate the market is forecast to reach US$ 57,052.3 billion between 2023 and 2033, representing a CAGR of 7.3%. Packaging that stands out on store shelves and attracts consumers who appreciate design and aesthetics can help whiskey …
Curcumin Food Color Market to Surge: Natural Ingredients and Health Benefits Lead the Way
Curcumin Food Colors Market Curcumin pigments find their application in food as well as personal care industrial products. The curcumin food color market(Mercado de colorantes alimentarios con curcumina) is expected to reach a valuation of nearly USD 323 mn by the year 2032, pacing with a CAGR of 10.3% between 2022 to 2032. Sales of curcumin food color accounted …