New Product Development
Acai Berry Market The acai berry market is expected to reach a value of US$ 1.89 billion in 2024 and US$ 4.27 billion by 2034. The market is projected to expand at a CAGR of 8.5% through 2034. The industry is growing due to health consciousness, product diversification, global foods trends, e Commerce accessibility, and effective marketing strategies. The demand for acai …
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Alcohol Industry India’s alcohol industry size is estimated to reach US$ 55,840.0 million in 2024. Sales of alcoholic beverages in the nation will likely rise at 7.2% CAGR throughout the assessment period, totaling US$ 112,338.9 million by 2034. Demand for spirits like vodka, whisky, and rum in India remains exceptionally high. As per the latest alcohol industry …
Gin Market The global gin market is anticipated to reach a valuation of US$ 22,927.4 million in 2023, driven by various gin festivals. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 3.5% between 2023 and 2033. It is estimated to gain a valuation of approximately US$ 31,996.0 …
The global yogurt and probiotic drink market is likely to secure a valuation of US$ 197,014.2 million in 2024, with a CAGR of 7.6% during the forecast period. The global market is anticipated to capture a valuation of US$ 209,660.3 million by 2034. Yogurt and probiotic drink producers are focused on premium products for healthy lifestyles for consumers, increasing the demand for yogurt …
The global flavor emulsion market value is estimated to reach US$ 1,532.4 million in 2023 and US$ 2,421.2 million by 2033. Over the assessment period, global flavor emulsion demand will likely increase at a CAGR of 5.8%. Several factors are expected to stimulate growth in the flavor emulsion industry. These include the increasing prominence of convenience foods, the growing demand for healthier snack …
The global beauty supplement market value is projected to increase from US$ 2,679 million in 2023 to US$ 4,456 million by 2033. Over the forecast period, sales of beauty supplements are set to soar with a compound annual growth rate (CAGR) of 13.6%. Several factors are anticipated to drive growth of the beauty supplement market. These include growing focus on improving aesthetic …
The global inulin market value is projected to increase from US$ 1,678.9 million in 2023 to US$ 2,345 million by 2033. Over the forecast period, inulin demand is expected to rise at a CAGR of 3.4%. Growing inclination toward functional and low-calorie foods is the prominent factor expected to drive the commercial market for inulin. Similarly, rising demand for plant-based probiotic products …
The Global Vanillic Acid Market size reached US$ 20.1 billion in 2022. Demand is estimated to surpass US$ 20.7 billion by 2023. In the forecast period from 2023 to 2033, demand is poised to exhibit 2.2% CAGR. Revenue is anticipated to cross around US$ 25.8 billion by the end of 2033. The global market is experiencing growth due to several factors during the forecast period. …
The global gummy market size reached US$ 21.4 billion in 2022. Revenue generated by gummies sales is likely to be US$ 24.3 billion in 2023. In the forecast period between 2023 and 2033, sales are poised to soar by 11.8% CAGR. Demand is anticipated to transcend to US$ 74.4 billion by 2033 end. The growing interest in CBD and hemp products for their potential health …
The global NFC juice market value is estimated to rise from US$ 2.6 billion in 2023 to US$ 3.8 billion by 2033. Over the assessment period, global sales of NFC juices are predicted to increase at a CAGR of 8.2%. Demand in the market is expected to remain high for organic NFC juices. This is due to rising end-user preference for natural …