According to Future Market Insights (FMI), the global animal feed industry is set to be valued at USD 530.0 billion in 2023. It is anticipated to reach USD 929.0 billion by 2033. Over the next ten years, global animal feed demand is likely to increase at a CAGR of 7.3%. The growing global population has intensified the demand for animal protein, leading to increased production …
Category Archives: F&B Analysis
Food Sterilization Equipment Market Set for Strong 5.7% CAGR, Expected to Reach USD 850 Million by 2032
The food sterilization equipment market is witnessing significant growth due to increasing consumer demand for safe and healthy food products. With rising concerns over foodborne illnesses, food manufacturers are focusing on implementing advanced sterilization techniques to ensure product safety. The adoption of new technologies like irradiation, heat treatment, and chemical sterilization is driving the market’s expansion. The …
Jellies and Gummies Market Growth Forecast: USD 11,493 Million by 2033, Expanding at a 5.6% CAGR
The global Jellies and Gummies market is projected to achieve a valuation of USD 6.665 million by 2023, with a compound annual growth rate (CAGR) of 5.6% anticipated from 2023 to 2033. Gummies and jellies are popular candies often enjoyed as snacks by children. To make them, a concentrate solution is heated after dissolving sugar …
Plant-Based Ingredients Market Projected to Hit USD 8.5 Billion by 2022, Anticipated 12.2% CAGR Through 2032
The global plant-based ingredients market is expected to reach a market valuation of USD 8.5 Bn by the year 2022, accelerating with a CAGR of 12.2% by 2022-2032. Plant-based ingredients sales grew at a CAGR of 11.6% between 2017 and 2021. The period marked the entry of various market players and product innovations. As people become even more increasingly health – conscious across …
Plant-Based Food Market to Expand Significantly, Projected USD 35.9 Billion by 2033 with 12.2% Growth Rate
According to Future Market Insights’ new report, the global plant-based food market is anticipated to exceed US$ 11.3 billion in 2023. Total market size is expected to reach US$ 35.9 billion by 2033. Sales of plant-based foods are projected to escalate at a CAGR of 12.2% over the forecast period (2023 to 2033). Rising trend of veganism and flexitarians worldwide is providing a strong …
Global Food Color Market Expected to Grow Moderately at 5.80% CAGR, Reaching USD 8.46 Billion: FMI Report
The market valuation of the global food color market was US$ 4.76 billion in 2023. This market valuation is estimated to reach US$ 4.83 billion in 2024. In addition, the moderate CAGR of 5.80% shall elevate the market valuation to US$ 8.46 billion by 2034. This market development is influenced by various critical market forces that help …
Egg Powder Industry Poised for Growth Surge: USD 4.8 Billion Valuation Projected by 2034
The global egg powder market is expected to be at a valuation of US$ 1,934.2 million in 2024. Egg powder sales are likely to account for roughly 5.8% of the overall protein market this year. The worldwide demand for egg powder is projected to grow with a CAGR of 9.6% between 2024 and 2034. The global market …
Global Portable Sandwich Maker Market Expected to Reach USD 2.39 Billion by 2032
The portable sandwich maker market is witnessing a surge in demand due to the growing trend of on-the-go eating habits and the need for quick and convenient meal options. This compact and handy appliance allows users to whip up delicious sandwiches within minutes, making it an ideal choice for busy individuals, students, and travelers. The market is …
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Air-Dried Food Market to Reach USD 146.4 Billion by 2033, Growing at 4.1% CAGR Driven by Advanced Packaging and Consumer Demand for Nutritious Products
Air-Dried Food Market 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 …
Herbs and Spices Market to Reach USD 244.12 Billion by 2034, Growing at 3.6% CAGR Driven by 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 …