The global ginseng market (Marché du ginseng) share value is projected to total USD 786.3 million in 2024 and USD 1,262.3 million by 2034. Demand for ginseng will likely increase at a steady CAGR of 4.3% throughout the forecast period. Ginseng demand remains high in the pharmaceutical sector due to its potential health benefits. As per the latest analysis, the pharmaceutical products segment is …
Category Archives: F&B Analysis
Kombucha Industry Forecasted to Skyrocket, With Market Value Reaching USD 17.1 Billion by 2033 | FMI
The global kombucha market (Marché du Kombucha) is set for exponential growth, projecting a remarkable CAGR of 17.4% from 2022 to 2033. Starting at an estimated US$ 3.4 billion in 2023, the market is anticipated to reach an impressive US$17.1 billion by 2033, offering investors substantial opportunities for financial gains. Each year, unsafe alcohol consumption kills approximately 3 …
Vegan Cheese Market Set for USD 8.2 Billion Valuation by 2034, FMI Analysis Reveals
The global vegan cheese market (Marché aux fromages végétaliens) is poised for substantial growth, with projections indicating that the market will reach a valuation of USD 8,231 million by 2034, up from USD 3,467 million in 2024. This represents a robust compound annual growth rate (CAGR) of 9% over the forecast period. The rising popularity of veganism, coupled with increasing consumer …
Plant Based Beverage Market Expands Rapidly at 5.92% CAGR by 2034, Catering to Lactose Intolerant and Vegan Demands
The need for plant based beverage is predicted to rise at a moderate CAGR of 5.92% through 2034. The Marché des boissons à base de plantes is projected to surpass US$ 665.8 billion by 2034. The surge in the trend of veganism is helping to promote the demand for plant based beverages across the globe. The expansion and the rise …
Oats Market Set to Surpass USD 17,332.1 Million by 2034 with a Focus on Sustainability and Environmental Impact: FMI
The oats market size (Marché de l’avoine) is poised to cross US$ 9,181.7 million in 2024 and is likely to attain a valuation of US$ 17,332.1 million by 2034. The oats industry is projected to develop at a CAGR of 6.6% from 2024 to 2034. The players in the market are cognizant of how consumers are beginning to weigh sustainability more …
Global Feed Enzymes Market Outlook: Strategic Insights and Growth Forecast for 2023 to 2033
The global feed enzymes market (Marché des enzymes alimentaires) size is estimated to grow to US$ 1.2 billion in 2023 and is projected to reach US$ 1.8 billion by 2033. The market is expected to record a CAGR of 4.4% during the forecast period. In the Face of Antibiotics Ban, Feed Enzymes Emerge as Lucrative Alternative …
Infant Formula Market Forecasted to Grow at 8.7% CAGR by 2034 Due to Increased Formula Preference: FMI
According to Future Market Insights (FMI), the global infant formula market (Marché des préparations pour nourrissons) is projected to witness substantial growth, increasing from US$ 50,126 million in 2024 to US$ 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 growing due to factors such as rising working …
Frozen Ready Meal Market Projected to Reach USD 73.86 Billion by 2034 with a 5.2% Annual Growth Rate
According to Future Market Insights (FMI), the worldwide frozen ready meals market (Marché des plats cuisinés surgelés) size is anticipated to reach US$ 44,318.9 million in 2024. It will likely experience steady growth, with global demand for frozen ready meals rising at a CAGR of 5.2% throughout the forecast period. By 2034, the global market valuation is expected to …
Artificial Sweeteners Market Growth Outlook and Sales Trends in the Low-Calorie Sweetener Segment
Artificial Sweetener Market According to Future Market Insights (FMI) updated report, the global artificial sweetener market value is forecast to total US$ 2,710.0 million in 2024. A CAGR of 2.9% is on the cards for the market, with global artificial sweetener sales set to total US$ 3,600 million by 2034. Demand remains particularly high for aspartame owing to its multiple advantages, including …
Spirulina Powder Market Demand Increase and Sales Growth in the Superfood Sector
Spirulina Powder Market The global spirulina powder market size is projected to rise from US$ 461 million in 2024 to US$ 702 million by 2034. By 2034, spirulina powder sales are projected to soar at 5.9% CAGR. Spirulina powder is extracted from spirulina, a blue-green algae that is found to be grown on freshwater bodies, making it …
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