New Product Development
The global rum market is positioned for substantial growth, with the market value anticipated to rise from US$ 17.4 billion in 2023 to an impressive US$ 24.5 billion by 2033. According to a comprehensive market analysis, the rum industry is set to expand at a compound annual growth rate (CAGR) of 3.5% over the next …
Continue reading “Rum Market Poised for Robust Growth, Targeting US$ 24.5 Billion by 2033”
The global organic foods market is on a trajectory of impressive growth, projected to reach a staggering USD 553.13 billion by 2033, up from USD 176.51 billion in 2023, marking a robust 12.1% CAGR during the forecast period. This significant expansion is fueled by rising consumer awareness about healthy eating, a growing preference for organic …
The food aroma market plays a crucial role in the food and beverage industry by enhancing the sensory experience of food products. As consumers increasingly prioritize authentic and natural flavors, the demand for food aroma products has seen a significant rise. The market is segmented by type (natural and synthetic), product category (benzenoids, terpenes, musk …
The global digestive health drinks market size is on an impressive growth trajectory, with sales projected to soar from US$ 26 billion in 2022 to US$ 47 billion by 2032. This significant expansion, marked by a robust compound annual growth rate (CAGR) of 6.09% over the forecast period, presents a golden opportunity for investors looking …
The global forage market is poised for significant growth in the coming decade, with a projected compound annual growth rate (CAGR) of 5.2% from 2023 to 2033. According to a recent report by Future Market Insights (FMI), the market, which was valued at US$ 817.5 million in 2023, is expected to reach an impressive US$ …
The global low- and no-calorie soda market is experiencing significant growth, with revenues reaching USD 20.99 billion in 2022. As health-consciousness continues to rise among consumers, the demand for healthier beverage alternatives is gaining momentum. This shift in consumer preference is driving the market towards a projected USD 26.67 billion by 2033, reflecting a steady …
The global millet market is on a dynamic growth trajectory, expected to expand from a valuation of USD 12.5 billion in 2023 to an impressive USD 44.1 billion by 2033. This anticipated surge, reflecting a robust CAGR of 13.4% over the forecast period, underscores the rising consumer preference for nutritious, sustainable, and gluten-free food options. …
The global peanut butter market is projected to experience significant growth over the next decade, reaching an estimated valuation of USD 8,040.9 million by 2034. This represents a substantial increase from its projected 2024 value of USD 5,470 million, reflecting a steady compound annual growth rate (CAGR) of 3.9% throughout the forecast period. The market’s …
The global canned alcoholic beverages market is on the brink of remarkable growth, with its market size expected to surge from USD 20,411.6 million in 2024 to an astounding USD 92,401.1 million by 2034. This rapid expansion, reflected in a projected Compound Annual Growth Rate (CAGR) of 11% over the forecast period, is indicative of …
According to the latest findings from Future Market Insights (FMI), the Europe built-in coffee machine market is valued at USD 2,175.2 million as of 2023. It is anticipated to grow to USD 3,534.7 million by 2033, with a Compound Annual Growth Rate (CAGR) of 4.9% from 2023 to 2033. Such technological advances are evolving the way of …
