The global fish tank water additives market is poised to achieve remarkable growth, with a projected double-digit compound annual growth rate (CAGR) of 4.2%, reaching a market value of USD 10,900 Million by 2030. This robust market growth is driven by several key factors, including heightened awareness of the importance of water quality in fish …
Category Archives: Business
Surge in Backyard Farming and Sustainability Drives Global Chicken Coops Market Growth
The global chicken coops market is poised for remarkable growth, expected to register a double-digit compound annual growth rate (CAGR) of 5% and reach a market value of USD 510 million by 2030. Market Overview The global chicken coops market is experiencing significant growth, driven by the rising popularity of backyard chicken farming and increasing …
Modified Soya Flour Market Size to Grow at 3.2% CAGR, Reaching USD 85.9 Billion by 2032
The modified soy flour market is anticipated to reach USD 85,859 million by 2032, expanding at a CAGR of 3.2% from 2022 to 2032. In addition to being utilised in many industrial goods that contain more than 50% protein, soy flour is employed in a wide range of food products. The increasing utilization of soy-derived flour in …
Global Infant Formula Market to Reach USD 115,326 Million by 2034: Key Growth Drivers and Trends
According to Future Market Insights (FMI), the global infant formula market is projected to witness substantial growth, increasing from USD 50,126 million in 2024 to USD 1,15,326 million by 2034. The market is expected to surge at a CAGR of 8.7% during the forecast period. The infant formula market is experiencing significant growth, driven by factors such as the rising population …
Thailand Tourism Market Poised to Reach USD 84,027.30 million by 2034 with 3.2% CAGR
Valued at USD 61,323.00 million in 2024, Thailand’s tourism industry is set to grow due to affordable travel costs that make it a budget-friendly destination. With significant investments in tourism infrastructure, the market is projected to reach USD 84,027.30 million by 2034, reflecting a steady CAGR of 3.2% over the forecast period. Owing to the …
Global Raising Agents Market Set to Hit USD 43 Billion by 2032: Future Market Insights
The Raising Agents Market is estimated to reach USD 31 billion in 2021. It is likely to accelerate at a robust 3.1% CAGR from 2022 to 2032. This should propel the market’s value to a mammoth USD 43 billion in 2032. The use of raising agents has become integral to food and beverage production, especially in items …
Driving Trends in the Global Hair Gloss Market: Key Factors and Future Growth Insights
The global hair gloss market is poised for substantial growth, expected to reach a remarkable USD 9.5 billion by 2033, registering a double-digit compound annual growth rate (CAGR) of 4.3%. This growth trajectory is fueled by rising consumer awareness and demand for hair care products that not only enhance appearance but also offer benefits like …
Lactose Free Dairy Product Market to Reach USD 23.98 Billion by 2034: A Booming Opportunity
The global lactose free dairy products market is expected to reach market valuation of USD 13,874.30 million by the year 2024, accelerating with a CAGR of 5.6% by 2024-2034. Lactose intolerance affects around 75% of the global population, including over 40 million Americans, driving a notable shift in dietary preferences. With nearly one-third of people worldwide experiencing difficulties digesting lactose, there …
Pectin Market to Reach USD 1.95 Billion by 2034 with 6.3% CAGR, Driven by Rising Demand in Packaged Foods and Natural Dough Setting Agents
The pectin market is expected to expand from US$ 1,059.2 million in 2024 to US$ 1,945.8 million by 2034. The market is projected to surge at 6.3% CAGR from 2024 to 2034. The changing bakery norms and higher usage of naturally derived dough settings agents are fueling the demand for pectin. Furthermore, the expanding packaged food industry consumes most of the pectin …
Saffron Market to Hit USD 687.8 Million by 2034, Driven by 7.4% CAGR and Dominance of Saffron Threads with 78.7% Market Share in 2024 | FMI
As per the latest analysis, the worldwide saffron market is estimated to be valued at US$ 337.9 million in 2024 and is anticipated to reach US$ 687.8 million by 2034. Over the next decade, global demand for saffron will likely increase at a CAGR of 7.4%. Sales of saffron threads are expected to outpace those of powder and liquid ones. This is due …