Food Acidulants Market The food acidulants market is valued at US$ 2.6 billion in 2023 and is estimated to reach a value of US$ 4.5 billion by 2033, registering a CAGR of 5.4% during the forecast period. The rising disposable income and growing demand for clean-label products and processed food are increasing the market share. Furthermore, the demand for food acidulants is fueled …
Category Archives: F&B Analysis
Vegan Protein Powder Market to Reach USD 9.07 Billion by 2033 Amid Surging Demand for Plant-Based Nutrition
Vegan Protein Powder Market According to Future Market Insight, the Global Vegan Protein Powder Market will reach US$ 9.07 billion by 2033, registering a CAGR of 7.4%. This anticipated growth signifies a remarkable upsurge from its projected worth of US$ 4.63 billion in 2023. There has been a significant increase in people adopting vegan and vegetarian diets worldwide. Ethical considerations, environmental concerns, and …
Herbs and Spices Market Set to Reach USD 244.1 Billion by 2034, Growing at 3.6% CAGR Due to Rising Demand for Natural Flavors and Health Benefits
Herbs and Spices Market The global herbs and spices market share is estimated to be US$ 171,563.1 million in 2024 increasing from US$ 167,874.1 million in 2019. FMI expects the global herbs and spices industry to grow at a 3.6% CAGR through 2033 to reach US$ 244,124.7 million by 2034. The use of herbs and spices in convenient meals is growing because of …
Mineral Fortification Market Forecast to Reach USD 137.2 Billion by 2032 with a CAGR of 7.1%
According to Future Market Insights (FMI), the global mineral fortification market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around US$ 137.2 Bn by 2032. The technique of adding minerals to regularly consumed foods to boost their nutritional value is known as mineral fortification. It’s a tried-and-true, safe, and cost-effective strategy …
Spice Oils and Oleoresins Market to Reach USD 3.57 Billion by 2033, Driven by Rising Demand in Food & Beverage
Spice Oils and Oleoresins Market According to Future Market Insights (FMI), the spice oils and oleoresins market may reach an overall valuation that is expected to surpass US$ 1,674.40 million in 2023. The market is expected to record a CAGR of 7.9% between 2023 and 2033. By 2033, the market is estimated to reach a valuation of US$ 3,567.2 million. Significant Aspects …
Unlocking Potential: Lupin Protein Market to Reach USD 159.7 Million by 2033 with 4.9% CAGR, Fueled by Health Trends and Versatile Applications
Lupin Protein Market The lupin protein market is expected to grow at a CAGR of 4.9% during the period 2023-2033. The market is expected to hit a valuation of US$ 159.7 million by 2033. As of 2023, the market is valued at US$ 98.8 million. The presence of amino acids makes the lupin protein one of the …
Global Algae Oil Market Expected to Hit USD 3,495.8 Million by 2034 Driven by Aquaculture Sector Growth | Future Market Insights, Inc.
The projected value of the worldwide algae oil market is set to hit the mark of USD 3,495.8 million by 2034, which is set to be measured at USD 2,442 million by 2024. Pertaining to various developments made by key players in the industry, the competitive space is estimated to progress at a sluggish CAGR of 3.7% during the forecast period. Pertaining to …
Air-Dried Food Industry Set to Reach $146.4 Billion by 2033, Driven by Enhanced Packaging and Consumer Health Trends
The air-dried food Industry is expected to be worth around USD 92.8 billion in 2022. It is expected to have generated US$ 146.4 billion by 2033, with a CAGR of 4.1% during the forecast period, 2023 to 2033. Positive market growth has been influenced by the development of improved packaging materials, such as stand-up pouches, paper packets, as well as wooden …
Almond Oil Market Set to Reach USD 3.9 Billion by 2033 Amid Rising Demand for Sustainable Ingredients, Says FMI
The global almond oil market is to be worth US$ 1.356 billion in 2023 and is expected to grow to US$ 3.9 billion by 2033. From 2023 to 2033, the global almond oil industry is expected to record a CAGR of 11.0%. The almond oil business is growing due to an increase in the manufacturing of aromatherapy …
Industry Growth: Saw Palmetto Market Expected to Expand 4.3% Annually, Hitting USD 1,240.8 Million in a Decade
Future Market Insights projects that the Saw Palmetto Market will grow at a CAGR of 4.3% over the forecast period. The market’s value is expected to rise from USD 814.5 million in 2023 to USD 1,240.8 million by 2033. At the end of 2022, the market was valued at US$ 789.2 million. Serenoa repens, a …