New Product Development
With a spectacular CAGR of 24% from 2023 to 2033, FMI predicts that the global plant-based pork market could rocket to a value of US$ 1.88 billion in 2023. Additionally, by the year 2033, this industry is projected to reach a staggering US$ 16.72 billion. The veganism movement is being fueled by the growing environmental and animal …
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The global astaxanthin market sales are estimated to be worth US$ 273.2 million in 2024. The astaxanthin market is set to reach US$ 665.0 million by 2034. It is projected to surge at a CAGR of 9.3% in the forecast period 2024 to 2034. The astaxanthin market is projected to rise due to increasing consumer awareness of …
By 2022, the market for air-dried food is projected to be worth US$ 92.8 billion, growing at a CAGR of 4.3% between 2022 and 2032. Market research shows that people are more willing than ever before to pay a premium for healthy food. Air drying food, which avoids the use of chemical additions, helps to maintain nutrients while increasing shelf …
According to FMI, fish feed market is expected to reach US$ 116,480 million by 2023. It is estimated that the market is poised to reach US$ 163,530 million between 2023 and 2033, representing a CAGR of 3.5%. Fish feed demand may vary depending on consumer preferences for sustainable seafood products and healthy seafood. Aquaculture practices may have …
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The allergen free food market size is likely to be worth US$ 50,365.7 million in 2024. The market is projected to reach a valuation of US$ 102,699 million by 2034. The sales of allergen free food are anticipated to expand at a CAGR of 7.4% through 2034. The demand is primarily driven by the increasing prevalence of global food allergies and intolerances among …
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The Chinese takeout market is predicted to account for US$ 107.8 billion in 2032, up from US$ 62.7 billion in 2022, advancing at a CAGR of 7.2% during the forecast period (2022-2032). Consumers are looking for items that are manufactured with fresh, organic, and high-quality ingredients, and some are even converting to plant-based options, encouraging the Chinese …
The global synbiotic products market is set to witness growth at a CAGR of 7.5% over the forecast period, reaching US$ 598 Mn by 2032. Synbiotics are a synergistic combination of prebiotics and probiotics that promote the growth and survival of gut bacteria that live in the intestine and colon of the gastrointestinal system. Synbiotics …
The seafood takeout market is expected to escalate at a CAGR of 6.50% from USD 31.1 Billion in 2022 to USD 51.3 Billion through 2032. The COVID-19 pandemic has benefited the global seafood market as more people have taken up home cooking and retail purchasing. As online markets have become the primary outlets for fish and seafood, …
The healthy takeout market is predicted to develop at an impressive 10.4% CAGR from 2023 to 2033, exceeding the lower 10.3% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the healthy takeout market, increasing the market value from US$ 19.836 billion in 2023 to US$ 49.4474 billion by …
The global fortifying agents market is set to witness growth at a CAGR of 7.7% and is anticipated to reach a valuation of around US$ 168.9 Billion by 2032. The market for fortifying agents is driven by rising consumer demand for nutritional supplements and healthy foods. Manufacturers are increasingly using fortified agents in their products as consumers become more aware …