New Product Development
The power transformer market exhibited year-on-year growth of 4% in 2021, backed by increasing efforts towards incorporating modern energy solutions in existing power system and high demand of efficient and reliable power supply. Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 …
Continue reading “Power Transformer Market 2023 | Present Scenario and Growth Prospects 2033”
A new market research report by Future Market Insights on the Oil and Gas Fittings Market includes global industry analysis 2014–2021 and opportunity assessment 2022 to 2029. The report investigates the oil and gas fittings market and provides critical insights for the forecast period of 2022 to 2029. As per the findings of the report, the …
In 2022, the Combat Dressing Market is projected to reach a value of US$ 5.4 Million, growing at a CAGR of 2.4%. During the forecast period of 2022–2032, it is expected that the market would surpass a market value of US$ 7 million. The battle dressing is simple to use, and soldiers may quickly transport …
The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on plant-based butter, estimating market to grow nearly 7% y-o-y in 2021. Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among …
Global sales of green banana flour were projected to reach US$ 623 million in 2022. The market will grow at a CAGR of 5% from 2023 to 2033, reaching a value of US$ 1026.1 million due to shifting customer preferences for organic and gluten-free flour. Infants enjoy green banana flour because it is easier for them to …
The clean label pectin market was projected to generate US$ 118.89 Million in 2022. The market will grow at a CAGR of 6% from 2023 to 2033, reaching a value of US$ 221.8 Million because of shifting customer preferences for natural ingredients in cuisine. Plants produce pectin, a soluble fiber material that is found in the cell …
The sales of Plant Based Cheese are estimated to be valued at US$ 1,530.2 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 3,416.6 Mn by 2032, rising at a CAGR of 8.4% for 2022-32. Plant-based cheese has a range of health benefits such as lower blood glucose levels, increased insulin tolerance, and a lower …
Between 2023 and 2033, the global Yeast Based Spreads Market is set to experience steady acceleration at a 4.7% CAGR Residual brewer’s yeast is utilized to make spreads like Marmite and Vegemite. These spreads have savory tastes and are rich sources of B vitamins. Right now, Australia is leading the global market for yeast based spreads owing to the presence …
The global animal-based pet protein market size is projected to exhibit modest growth from 2023 to 2033. According to the research report by FMI, the global market is predicted to surpass a valuation of US$ 79,352 million in 2023. It is anticipated to reach a valuation of US$ 121, 923 million by 2033. The market …
The flavor drops market is projected to reach a value of US$96.0 million in 2023 and is expected to grow to US$256.5 million by 2033, with a significant compound annual growth rate (CAGR) of 10.0% during the forecast period. Leading flavor drop producers are focusing on product innovation to cater to the changing beverage industry …