The heavy-duty pump market is estimated to be valued at USD 16.2 billion in 2024 and is projected to reach USD 25.7 billion by 2034, with a growth rate of 4.7% during this period. The ongoing expansion of industries such as manufacturing, mining, and oil and gas serves as a significant driver for the heavy-duty …
Monthly Archives: September 2024
Tension Control Market Expected to Grow USD 1.3 Billion in 2024, Projected to Reach USD 2.2 Billion by 2034 at 5.4% CAGR
According to Future Market Insights (FMI), the global tension control market was valued at USD 1.2 billion in 2023 and is expected to reach USD 1.3 billion in 2024. The market is projected to grow at a CAGR of 5.4% during the forecast period, potentially reaching USD 2.2 billion by 2034. The increasing adoption of …
Global Advanced Energy Storage System Market to Grow from USD 79.2 Billion in 2023 to USD 87.6 Billion by 2024, Driven by 9.5% CAGR
The global advanced energy storage system market was valued at USD 79.2 billion in 2023 and is projected to reach USD 87.6 billion by 2024. With a compound annual growth rate (CAGR) of 9.5%, the market is expected to hit USD 218.0 billion by 2034. Rapid growth in this market is being driven by major …
Rapid Growth Ahead: Global Vitamin Supplements Market Expected to Reach USD 133.94 Billion by 2033
The global vitamin supplement market is projected to reach a valuation of USD 57.63 billion in 2023 and USD 133.94 billion by 2033, with an expected CAGR of 8.8% over the forecast period. Latest Trends in the Vitamin Supplement Market Several factors are increasing the global market trends. A few of these latest trends in …
Cochineal Extract Market Surges with 9.3% CAGR, Reaching USD 90,905.8 Million by 2033
The global cochineal extract market reached approximately USD 39.78 billion in 2023, marking a year-on-year growth of 9.3%. It is projected to continue expanding at a robust CAGR of 9.3% from 2023 to 2033, ultimately reaching a valuation of USD 90.91 billion by 2033. The increasing adoption of cochineal extract across various industries—including food and …
Fall Protection Market to Reach USD 3.2 Billion by 2024, Projected to Grow to USD 6.5 Billion by 2034 at 7.1% CAGR
According to a report by Future Market Insights (FMI), the fall protection market is projected to reach a valuation of USD 3.2 billion by 2024 and grow to USD 6.5 billion by 2034, expanding at a 7.1% CAGR between 2024 and 2034. This market is experiencing strong growth, driven by increasing awareness and stricter safety …
The Future of Frozen Pet Food: Key Insights into Market Growth
The frozen pet food market is projected to grow at a CAGR of 5.2% during the assessment period. In 2024, the market is anticipated to generate revenue of approximately USD 15,351.24 million, with an expected increase to USD 25,595.4 million by the end of 2034. A key driver of the market is the humanization of …
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Market Trends: Phytosterols to See Significant Expansion Over the Next Decade
The phytosterols market is expected to reach USD 0.8 billion in 2022, with a projected CAGR of 9.1% during the forecast period (2022-2032). By 2032, the market is likely to be valued at USD 2.0 billion, with an anticipated year-on-year (Y-o-Y) growth of 8.4% in 2022. Phytosterols are plant-derived sterols and stanols that share a …
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Global Sales of Automatic Weigh Price Labeling Machines to Surpass USD 328.8 Million by 2024, with 6.8% CAGR Growth Through 2034
Global sales of automatic weigh price labeling machines are expected to exceed USD 328.8 million in 2024, according to Future Market Insights (FMI). The market is anticipated to grow at a CAGR of over 6.8% from 2024 to 2034. FMI highlights that rising brand awareness among consumers is driving demand for dairy products, meat, and …
Gluten-Free Foods Set for Growth: Anticipated 7% CAGR from 2024 to 2034
The global gluten-free food market is projected to reach approximately USD 5,870 million in 2024. During the forecast period, sales of gluten-free products are expected to grow at a steady CAGR of 7%. By 2034, the market’s value is anticipated to approach USD 11,587 million. Increased consumer awareness and the rising incidence of celiac disease …
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