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According to Future Market Insights, the global tea processing equipment market will grow from $12.8 billion in 2023 to $25 billion by 2033, with overall sales increasing at a 6.4% CAGR during the forecast period. Rising global consumption of teas such as black tea, green tea, and decaffeinated tea is a key factor driving growth …
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By 2022, the lactose free dairy products market is predicted to be worth USD 13.5 billion, growing at a CAGR of 5.5% between 2022 and 2032. Sales of lactose-free dairy products are predicted to make up around 24.7% of the market for allergen-free foods as a whole, which is projected to be worth $54.7 billion …
In 2021, the dog food market is anticipated to be worth US$ 44.83 billion. The market for dog food will generate overall sales of US$ 81.65 billion by 2031, up 6.2% CAGR from 2021 to 2031, predicts Future Market Insights (FMI). Shifting consumer preference towards organic and plant-based dog food options is anticipated to push …
The size of the world macadamia market was estimated at USD 1.53 billion in 2022, and it is anticipated to rise at a CAGR of 11.2% from 2022 to 2032. In 2017, processed macadamia generated 741.7 million US dollars. Macadamia’s beneficial nutritional profile has been captivating consumer interest in recent years. With fostering consumption of …
The potato flakes market is predicted to develop at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2032, reaching a global market value of USD 21,328.3 Mn in 2022. 20% of the market for potato processing is made up of potato flakes. The market has grown significantly as a result of the …
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By 2022, the vegan eggs market is projected to be worth US$ 1.6 billion, growing at a CAGR of 8.4% between 2022 and 2032. Nowadays, 2.9% of the value of the global egg market is made up of sales of vegan eggs. The vegan eggs industry is greatly aided by the spread of disease caused by the consumption …
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The functional food ingredients market is expected to grow from its current value of US$ 112.60 billion in 2023 to US$ 215.36 billion by 2033, at a CAGR of 6.7%. Market expansion is being fueled by rising consumer awareness, altering laws in the food and beverage industry, and rising demand for clean-label products. Rising affluence …
By 2032, the Global Plant-Based Burger Market is anticipated to grow at a CAGR of 14% to reach a market worth of USD 4,158.0 Mn. The global plant-based burgers market is poised to witness extraordinary growth with CAGR of above 22% for the forecast period 2020-2030, according to FMI. Though plant based burgers were originally …
The size of the global frozen ready meals market is predicted to be USD 40.8 billion in 2022 and to increase at a CAGR of 8.2% to reach USD 89.7 billion by 2032. Since it is predicted to hold a nearly 45% market share by the year 2022, the APEJ market has significant potential for …
In 2022, the artificial sweeteners market is anticipated to be worth USD 2.1 billion. According to Future Market Insights (FMI), the market as a whole is anticipated to increase at a CAGR of 3% from 2022 to 2032, reaching a valuation of USD 2.8 billion. Due to the easy access to nearly infinite information, consumers …