New Product Development
The global spirits market is estimated at US$ 56 Bn in 2022 and is projected to reach US$ 92.9 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032. Spirit is an alcoholic beverage prepared through distillation process in which the component substances are separated from a liquid mixture via evaporation and condensation. This process is used for purification of the …
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The global tonic wine market is expected to reach market valuation of US$ 1.9 Bn by the year 2021, accelerating at a CAGR of 6.1% by 2022-2032. Tonic wine sales forecast remains positive and is expected to total US$ 3.4 Bn globally by 2032. The pandemic had a huge impact on the tonic wine market due to the forced closure of on-trade vineyards …
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The global champagne market is expected to reach a market valuation of US$ 7.0Bn by the year 2022, accelerating at a CAGR of 5.08% by 2022-2032, to reach a value of US$ 11.5Bn by 2032. The alcohol beverage industry suffered from initial set back due to pandemic as spread of virus resulted in delays in shipment, rise in packaging cost, and scarcity of …
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The global collagen drinks market is expected to reach a market valuation of US$ 255.4 Mn by the year 2022, accelerating at a CAGR of 9.8% by 2022-2032. Collagen drinks sales are likely to account for ~1% of the overall dietary supplements market, which is anticipated to be valued at US$ 68.3 Bn by 2022 end. Customers nowadays expect on-the-go, safe, and nourishing beverages. People …
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The global almond butter market is expected to reach a market valuation of US$ 643.0 Mn by the year 2021, accelerating with a CAGR of 6.7% by 2022-2032. Almond butter sales are likely to account for ~21% of the demand in the global plant-based butter market, valued at US$ 2.9 Bn in 2021. According to Future Market Insights, business to consumer (B2C) model has become …
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The global vegan yogurt market size is expected to reach a market valuation of US$ 2.2 Bn in 2022, with sales growing at a robust 8.9% CAGR over the forecast period. Vegan Yogurt Market Size (2022) US$ 2.2 Bn Vegan Yogurt Market Projected Size (2032) US$ 5.1 Bn Vegan Yogurt Value-based CAGR (2022-2032) 8.9% Vegan Yogurt Top 3 Countries Market Share …
The global gluten-free soup market is set to witness growth at a CAGR of 7.3% and is anticipated to reach a valuation of around US$ 4.6 Bn by 2032. As per a survey conducted by the Food Marketing Institute, over 80% of the population need access to thorough and ‘easy-to-understand’ ingredient lists on their labels. As a …
The global frozen snacks market is expected to reach a valuation of US$ 131.7 Bn in 2022. Sales are projected to grow at a 6.5% CAGR, with the market size reaching US$ 247.2 Bn in 2032. Growth can be attributed to the convenience offered by these products. As consumers are trying to keep up with their busy schedules, they are preferring packaged …
According to a recent report by Future Market Insights, total sales of rice milk market are estimated to reach a valuation of US$ 614.3 Mn in 2022, surging at a 6.2% CAGR over the assessment period. Rice milk has a flavor, taste, and texture that is very similar to cow’s milk, emerging as one of the most preferred plant-based milk substitutes. …
The global transport cases & boxes market to grow in conjunction with linear transition at a CAGR of 3.2% between 2022 and 2030. It is expected to reach US$ 2.1 Bn by the year 2030.y. Furthermore, opportunities also abound across the chemical industry, with prolific advancements in manufacturing and packaging technologies pushed by increasing concerns regarding safe …