New Product Development
According to new data from Future industry Insights (FMI), the packaged bread industry is anticipated to be worth US$ 2,535 million in 2023. The market is expected to grow at a 5% CAGR over the projected period, reaching US$ 4,180.8 million by 2033. Bread packaging has evolved due to consumer demand for items that are more shelf-stable and …
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The United States has solidified its position as a major player in the global market for BOPET (biaxially-oriented polyethylene terephthalate) packaging films, with a commanding 90.8% market share projected for 2033. This remarkable growth can be attributed to surging demand, particularly from the food, cigarette, and label industries. BOPET polyester films are in high demand …
In 2022, the microbial lipase market is anticipated to reach US$ 535.0 million. In terms of value, it is anticipated to increase at a CAGR of 6.8% from 2022 to 2032, reaching US$ 990.2 Million. Lipases are highly flexible microbial enzymes that have attracted the interest of a number of industrial processes. Lipases can be obtained from fungi, bacteria, other microbes, …
The fishmeal and fish oil market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%. Production of fishmeal and fish oil is expected to rise moderately in the coming years as a …
The market for microencapsulation is anticipated to be worth US$ 6.5 billion in 2022 and grow to US$ 10.3 billion by 2032 at a CAGR of 8.2%. As the need for functionally enhanced foods and drugs develops, microencapsulation is becoming increasingly popular. Microencapsulated flavours, vitamins, minerals, essential oils, and other additives can be added to foods to improve their nutritional value. Due …
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The global Digital Tattoos Market is poised for robust growth, with an expected Compound Annual Growth Rate (CAGR) of 8% during the forecast period. By 2023, the market is projected to reach an estimated valuation of US$ 4,213.4 million, witnessing a significant increase from its 2023 valuation of US$ 909.42 million. Get a Sample Copy of Report: …
The global N-Methyl Pyrrolidone (NMP) Market Size is forecast to expand at 4.6% CAGR over the forecast period, as per FMI’s analysis. The industry’s size is predicted to surge from US$ 979.9 million in 2023 to US$ 1,536.4 million by 2033. The rapid expansion of the petrochemical sector is expected to drive NMP demand during the next ten years. Furthermore, it is expected that the …
The United States is poised to play a significant role in the global reusable straw market, with a projected market size of US$ 4.6 billion by 2033. This robust growth can be attributed to the surging popularity of reusable straws, driven by an increasing number of manufacturers and suppliers. Americans are increasingly embracing the trend …
The cat food market value is expected to total US$ 44,744 million in 2023, as per the recent Future Market Insights (FMI) study. The overall sales are expected to reach US$ 60,951.4 million by 2033, capturing a CAGR of 3% from 2023 to 2033. The remarkable increase in cat adoption rates is mostly due to the expanding millennial population …
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The personal care and cosmetics microalgae market is expected to reach US$ 61 million by 2023. The microalgae business in personal care and cosmetics is predicted to reach US$ 107.0 million by 2033, growing at a CAGR of 6% between 2023 and 2033. As the personal care and cosmetics industries have become more interested in natural and sustainable ingredients, microalgae …
