New Product Development
The United States lingerie industry is expected to grow at a CAGR of 5.30% through 2034, fueled by rising disposable incomes among American consumers, which are increasing spending on apparel, including lingerie. Additionally, evolving fashion trends and a heightened emphasis on comfort and style are driving demand for lingerie that is both attractive and functional. …
Continue reading “United States Lingerie Industry Projected to Grow at 5.3% CAGR Through 2034”
The variable frequency drive (VFD) market is projected to exceed USD 36,072.17 million in 2024, with an estimated valuation of USD 62,203.02 million by 2034, growing at a CAGR of 5.60% from 2024 to 2034. VFDs play a pivotal role in smart grid initiatives, enhancing power distribution network stability and optimizing energy consumption. Their integration …
The mycoprotein market in Germany is projected to grow at a CAGR of 5.9% through 2034. Awareness efforts, including educational campaigns and marketing initiatives, are increasing public knowledge about the advantages of mycoprotein. By highlighting its nutritional value, sustainability, and diverse culinary uses, these efforts are helping to build consumer trust and drive demand. Germany’s …
The taurine market in Western Europe is poised for significant growth, with projected sales expected to reach US$ 96.0 million in 2023, up from US$ 91.1 million in 2022. The demand for taurine in this region is forecasted to grow robustly, with an anticipated compound annual growth rate (CAGR) of 5.6% from 2023 to 2033. …
The demand for stevia in Western Europe is expected to grow substantially over the next decade, driven by increasing consumer awareness around health and wellness. Sales in the region are forecast to rise from US$ 157.4 million in 2023 to US$ 324.5 million by 2033, with a compound annual growth rate (CAGR) of 7.5% during …
The North American yoga and meditation product industry is set to exceed USD 19,292.2 million in 2024 and is expected to reach a valuation of USD 39,755.4 million by 2034. The market is projected to grow at a CAGR of 7.5% from 2024 to 2034. Innovative products such as wearable electronics and high-tech yoga mats …
The demand for vanilla beans in Korea is expected to experience steady growth over the next decade, driven by a rising preference for natural and organic flavors among consumers. According to industry projections, the market will grow at a compound annual growth rate (CAGR) of 5.7% between 2023 and 2033, increasing from US$ 6.26 million …
The United States commercial refrigeration equipment market is expected to grow at a CAGR of 3.90% through 2034, with projections indicating an increase from USD 8,049.70 million in 2024 to USD 11,801.44 million by 2034. A significant driver of this growth is the rising demand from the food distribution sector, which holds a substantial share …
The pectin market in Japan is set to witness substantial growth over the next decade, with sales projected to rise at a 7.0% compound annual growth rate (CAGR) from 2023 to 2033. According to recent industry analysis, the market is expected to grow from US$ 48.57 million in 2023 to a valuation of US$ 95.48 …
The global negative pressure wound therapy market is poised for significant expansion over the next decade. According to a recent report by Future Market Insights (FMI), the market is expected to grow from USD 6.5 billion in 2023 to a remarkable USD 10.8 billion by 2033, representing a compound annual growth rate (CAGR) of 5.3%. …
