According to recent market research by Future Market Insights (FMI), the global medical ventilators market is poised for significant expansion, with an anticipated market value of USD 1.7 billion in 2023. The market is projected to grow at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2033, reflecting the increasing demand for …
Monthly Archives: September 2024
Global Astaxanthin Market Projected to Achieve USD 665.0 Million by 2034 Driven by Growing Food and Cosmetic Industry Needs | FMI
According to Future Market Insights (FMI), global astaxanthin sales are estimated to be worth US$ 273.2 million in 2024. The market is expected to reach US$ 665.0 million by 2034. It is projected to surge at a CAGR of 9.3% in the forecast period 2024 to 2034. Astaxanthin’s increasing demand is driven by its use in aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and …
Citrus Pulp Market Set for Expansion: Expected to Reach USD 287.2 Million by 2033 with 5.9% CAGR
The citrus pulp market (Markt für Zitrusfruchtmark) refers to the global trade and consumption of citrus pulp, which is a byproduct of the citrus fruit processing industry. Citrus pulp is obtained from the remnants of oranges, lemons, grapefruits, and other citrus fruits after juice extraction. It is rich in fiber, pectin, and other nutrients, making it …
Food Irradiation Market Set for 6% CAGR Growth by 2033, Says Future Market Insights
The food irradiation market (Markt für Lebensmittelbestrahlung) is predicted to be worth US$ 312 million in 2023 and rise to US$ 540.9 million by 2033. Initially, the global market was expanding at a CAGR of 3.3% from 2018 to 2022. Sustainability is gaining importance in the food industry, and irradiation can help reduce food waste by …
Global Food Authenticity Testing Services Market Set to Reach USD 10.11 Billion by 2033, Growing at a 6% CAGR
In 2023, the US$ 5893 million for the food authenticity testing service market (Markt für Dienstleistungen zur Prüfung der Lebensmittelauthentizität) is estimated to reach a revised size of US$ 10112.8 million by 2033. This market is expected to expand at a CAGR of 6% during the analysis period. Consumers have become increasingly skeptical about the authenticity …
Chickpea Protein Industry Anticipates Rapid Growth, Aiming for USD 165.1 Million by 2033
The global chickpea protein market (Markt für Kichererbsenprotein) is predicted to register a CAGR of 5.1% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 100.9 million in 2023 to US$ 165.1 million by 2033 end. Chickpea protein consumption is anticipated to increase due to increasing demand from …
Casein Market Expected to Climb to USD 4.9 Billion by 2033, According to Future Market Insights Inc.
The casein market has witnessed significant growth in recent years, driven by the increasing demand for dairy products, especially in the food and beverage industry. Casein, a protein found in milk, has found versatile applications in various sectors, including food and beverage, pharmaceuticals, cosmetics, and industrial applications. In 2023, the global casein market was worth US$ 2.7 billion. The …
Global Superfood Powders Market Projected to Hit USD 13.66 Billion by 2033, Future Market Insights Inc. Reveals
The superfood powders market (Markt für Superfood-Pulver) is forecasted to garner revenue of US$ 13.66 billion in 2033, up from US$ 6.84 billion in 2023, advancing at a rate of 7% from 2023 to 2033. The superfood powders market is experiencing a surge in popularity as health-conscious consumers embrace the plant-based revolution and prioritize their well-being. With …
Bubble Tea Market Poised for Strong Growth, Targeting 9% CAGR by 2033: FMI
The Bubble Tea Market (Bubble Tea-Markt) is expected to increase at a 9% CAGR from 2023 to 2033, above the 9.1% CAGR witnessed between 2018 and 2022. This huge increase in growth rate suggests a high demand for bubble tea, resulting in a significant increase in market value from US$ 2.72 billion in 2023 to US$ 6.17 billion by 2033. The bubble tea …
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Poultry Feed Market Analysis: Top Players, Production Trends, Pricing Dynamics, and Revenue Forecasts to 2033
The poultry feed market (Geflügelfuttermarkt) is expected to increase from US$ 216.5 billion in 2023 to US$ 365.6 billion by 2033. Increased Use of Online Food Delivery Channels is Contributing to the Growth of the Poultry Business Farmers feed poultry birds such as ducks, turkeys, chickens, geese, and other domestic birds with poultry feed. Modern feed …