The global demand for animal products is what is driving the sector. It is also projected to gain from the increase in animal disease prevalence. However, the use of enzymes in feed and rigorous regulations on products like these are hindering the growth of this industry. Tap into Market Opportunities and Stay Ahead of Competitors …
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Frozen Bakery Market Forecasted to Flourish, Reaching US$ 85.97 Billion by 2033
The frozen bakery market is anticipated to expand its roots at a steady CAGR of 6.5% between 2023 and 2033. The market is anticipated to cross a market share of US$ 85.97 billion by 2033 while it is likely to be valued at US$ 45.8 billion in 2023. The young population’s preference for ready-to-eat food goods and …
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Food Grade Alcohol Market on the Brink of Exceeding US$ 6.16 Billion by 2033
According to Future Market Insights (FMI), the global food-grade alcohol market is expected to be worth US$ 4.16 billion in 2023 and US$ 6.16 billion by 2033, expanding at a CAGR of 4.0% during the forecast period. As demand for spirits and beers develops internationally, there may be an increase in the demand for food-grade alcohol. The …
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Residue Testing Services Market Expected to Reach US$ 2 Billion by 2032
The residue testing services market research report from Future Market Insights estimates that in 2032, the market will have a net worth of almost US$ 1.4 billion. The market for residue testing services is anticipated to expand at a CAGR of 4.1% during the anticipated time frame and will be worth US$ 2 Billion by 2032. The …
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Ready to Drink Shakes Market Set to Achieve US$ 22.7 Billion by 2032
The global ready to drink shakes market is set to witness growth at a CAGR of 7.5% and is anticipated to reach a valuation of around US$ 22.7 Billion by 2032.The rise in health consciousness among customers is credited with the market’s expansion. The industry has also been fueled by the rising popularity of ready-to-drink (RTD) shakes, …
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Krill Oil Market Projected to Surpass US$ 2.7 Billion by 2033
The krill oil market valuation is US$ 997.4 Mn in 2023 and is rising to US$ 2.7 Billion by 2033. Sales of krill oil are anticipated to grow at a CAGR of 10.5% during the forecast period. Krill oil is gaining popularity in the food sector as a means to provide healthful gourmet ingredients while also boosting …
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Canned Seafood Market Forecasted to Reach US$ 48.2 Billion by 2033
The global canned seafood market is projected to have a moderate-paced CAGR of 3.7% during the forecast period. The current valuation of the canned seafood market is US$ 33.6 billion in 2023. The value of the canned seafood market is anticipated to reach a high of US$ 48.2 billion, by the year 2033. The demand for specialised …
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Syringes Market Projected to Surpass US$ 54 Billion by 2033, Fueled by Rising Chronic Diseases and Advanced Safety Features
The syringes market is experiencing substantial growth due to the increasing prevalence of chronic diseases, the rising demand for vaccines, and the expanding healthcare infrastructure. Syringes are vital medical devices used for administering medications, vaccines, and diagnostic fluids. The growing geriatric population and the need for insulin administration among diabetics are also fueling market demand. Technological advancements, …
Hemp-Based Packaging Market Soars to US$ 782 Million by 2033: Sustainable Solutions Thrive with a 13.3% CAGR
The Hemp-based Packaging Market is poised for substantial growth, projected to be valued at $224 million in 2023 and expected to surge to $782 million by 2033, driven by a remarkable compound annual growth rate (CAGR) of 13.3%. This market is gaining momentum as a sustainable substitute for conventional packaging materials, in line with the increasing environmental …
Bamboo Packaging Market to Flourish, Reaching US$ 950.3 Million by 2033: Sustainable Cups & Straws Segment Poised for 24% Market Share
The Bamboo Packaging Market is on a path of sustainable growth, with a projected value of $511 million in 2023 and an expected compound annual growth rate (CAGR) of 6.4% leading to a valuation of $950.3 million by 2033. Notably, the market’s momentum is driven by top providers contributing a significant 25 to 30% of revenue share …