New Product Development
Popularity of vegan diets can be attributed to popularity of veganism and rising focus on sustainable living. As per Future Market Insights (FMI), these factors will create conducive environment for the expansion of the plant based milk market. The report also forecasts the sales of plant-based milk to increase at 8.8% CAGR between 2021 and 2031. …
Continue reading “Plant-based Milk Market SWOT Analysis, Business Summary & Forecast 2031”
As per Future Market Insights (FMI), the global shipment of microalgae will reach 63,864.60 DW tons by 2021-end. Application of microalgae in food and beverage sector is expected to spur the demand, with sales reaching a value of US$ 99.6 Bn through 2021 and beyond. Demand for plant-based and organic food and supplements will increase the adoption of microalgae, …
Premiumization and humanization trends are projected to remain chief factors driving sales of cat food in the upcoming decade. According to a recent report by Future Market Insights (FMI), the cat food market is set to surpass US$ 65 Bn rising at a CAGR of 4.8% through 2031. Demand for higher-quality, nutritionally sound foods for pets is continuing to …
Impetus from the beverage, bakery, and confectionary industries is driving the global caramel food colors market. According to Future Market Insights (FMI), the market will surpass US$ 409,000 thousand at a CAGR of 9.5% through the end of the forecast period in 2031. The demand for caramel food colors is driven by innovation in the food industry …
The global vegan dog food market is primarily driven by the increasing demographics for vegan population. The growing opportunity for vegan dog food due to rising pet ownership, along with increasing demand for healthy pet food products will spur the overall market growth around the world. According to a new report by Future Market Insights (FMI), the …
As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top US$ 57.5 Mn in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of US$ 80.9 Mn by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of …
Future Market Insights (FMI) sees this as a primary growth driver. In its latest study, FMI predicts vegan cat food sales to increase at 7.2% CAGR between 2021 and 2031. Pet humanization has recently gotten a lot of attention in the mainstream media throughout the world. In the vegan cat food industry, the change from cat ownership …
Microalgae is extensively used for its antioxidant properties that promote skin health by increasing moisture retention, and elasticity, surpassing other carotenoids and commonly used antioxidants. According to a recent report by Future Market Insights the demand for microalgae in the personal care and cosmetics sector is expected to cross US$ 76.5 Mn by 2031. A series of human …
The demand for microalgae in the food and beverage sector is expected to reach a value of US$ 99,623.3 Thousand in 2021. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 1, 32,531.2 Thousand by 2031, rising at a CAGR of 2.9% for 2021-31. Use of microalgae in enhancing taste, texture, flavor, aroma, and nutritional …
Separation anxiety is an increasingly common condition among pets, particularly among those of urban pet owners. Hectic lifestyle and stress often result in destructive behavior in pets such as shredding, incontinence, and excessive salivation. The efficacy of microalgae in controlling anxiety will support adoption in the long term. According to FMI’s research, the demand for microalgae …