New Product Development
The feed phytogenic market is projected to be worth USD 782.3 million in 2023. By 2033, the market is expected to surpass USD 1,142.13 million. The demand for phytogenic feed is expected to expand at a CAGR of 3.5% during the forecast period. The feed phytogenic industry is an emerging segment of the animal feed industry, …
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The lipase market is predicted to develop at an impressive 10.3% CAGR from 2023 to 2033, exceeding the lower 3.4% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the Lipase market, increasing the market value from USD 612.6 million in 2023 to USD 1631.2 million by 2033. The digestive …
The insoluble dietary fiber market is expected to be valued at USD 2,889 million in 2024. The market’s progress is projected to be invigorating from 2024 to 2034, recording a CAGR of 9.1%. By 2034, the market value is forecasted to surpass USD 6,872.7 million. The increasing demand for insoluble dietary fiber is driven by various …
The banana puree market is poised for robust growth and a significant rise, with an anticipated higher CAGR of 9.2% from 2023 to 2033. This is notably higher than the CAGR of 5.3% observed between 2018 and 2022. As a result, the market value is projected to reach an impressive US$ 919 million by 2033, compared to …
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The edible films and coatings market is anticipated to expand from USD 2,210.0 million in 2023 to over USD 4,871.0 million by 2033 at a CAGR of 8.2%. This expansion is driven by increasing consumer demand for sustainable and environmentally friendly packaging solutions. Edible films and coatings, made from natural polymers such as proteins, polysaccharides, and lipids, offer an innovative alternative to …
The surface protection film market is expected to be valued at USD 1.5 billion in 2024. The demand for surface protection films is anticipated to develop at a 4.6% CAGR due to technological advancements. By 2034, the market is expected to reach USD 2.3 billion. Over the next ten years, the growing number of remodelling and renovation projects is expected to drive …
The global multi depth corrugated box market had an estimated valuation of USD 4.5 billion in 2023 and is expected to reach a size of USD 7.7 billion by 2034, increasing at a CAGR of 5% between 2024 and 2034. By 2024, the market for multi depth corrugated box is poised to reach a valuation of USD …
The frozen food packaging market is projected to be valued at USD 900 million in 2023 and grow to USD 2.0 billion by 2033. The market is estimated to capture a CAGR of 8.3% during the forecast period. The rising demand for sustainable and excellent packaging are driving the adoption of frozen food packaging. The rising fast-paced …
The global plastic rigid Intermediate Bulk Container (IBC) market is expected to witness steady growth, with a projected CAGR of 4.9% over the forecast period. Valued at USD 5.9 billion in 2023, the market is estimated to reach a remarkable valuation of USD 9.5 billion by 2033, driven by several key factors. The increasing demand for plastic …
The global Plant-Based Pet Food market is expected to reach a valuation of USD 26.9 billion by the year 2024, accelerating with a CAGR of 7.8% by 2024 to 2034. The industry is expanding significantly due to different factors. This growth is supported by the vegan movement, anthropomorphism of pets, and increasing number of vegan …
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