According to different dairy processing equipment market growth drivers, the market will navigate its progress path at a moderate pace, projecting a CAGR of 5.5% and reaching US$ 18.3 billion by 2034. The dairy processing equipment market will be valued at US$ 10.7 billion by 2024. Government initiatives will drive the market, including offering subsidies, incentivizing dairy …
Category Archives: F&B Analysis
Rising Lucerne Market: Expected CAGR of 5.8% with Sales Set to Reach USD 653.7 Million by 2034
The lucerne market size is projected to grow at a compound annual growth rate (CAGR) of 5.8% over the forecast period. Global sales of lucerne are expected to reach USD 371.8 million in 2024 and increase to USD 653.7 million by 2034. The lucerne industry, also known as alfalfa, is experiencing steady growth driven by …
Canned Soup Market Anticipated to Surpass USD 5.3 Billion by 2032, States Future Market Insights Inc.
The canned soup market has witnessed significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further …
Forecasting the Future: European Pet Food Sales Expected to Hit USD 61.2 Billion by 2033
The European pet food market is anticipated to achieve a valuation of USD 36.4 billion in 2023, with an expected compound annual growth rate (CAGR) of 5.3% from 2023 to 2033. By 2033, total pet food sales across Europe are projected to reach USD 61.2 billion. Pet adoption rates are rising significantly across European countries …
Global Flour Substitutes Market to Expand to USD 42,066.5 Million by 2032, Driven by Rising Demand in Baked Goods and Fried Foods
The global market for flour substitutes is anticipated to achieve a valuation of USD 26,322.3 million in 2022. As their use expands across baked goods, fried foods, bread, noodles, and other applications, the demand for flour substitutes is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2032. This …
Global Polypropylene Packaging Films Market to Reach US$ 54,022.3 Million by 2033, Driven by Increasing Demand for Packaged Food and Flexible Packaging Solutions
The global polypropylene packaging films market is set to witness significant growth over the next decade, with its value expected to rise from US$ 31,314.94 million in 2023 to US$ 54,022.3 million by 2033, registering a steady compound annual growth rate (CAGR) of 5.6%. Key producers in this market include the United Kingdom, the USA, …
Digestion-Resistant Maltodextrin Sales in Western Europe Set to Rise at 5.6% CAGR, Reaching USD 54.3 Million by 2033
The consumption of digestion-resistant maltodextrin in Western Europe is projected to grow at a moderate compound annual growth rate (CAGR) of 5.6% through 2033. By that year, sales are expected to rise to USD 54.3 million, up from USD 31.6 million in 2023. Health-conscious consumers are driving the trend! In Western Europe, demand for digestion-resistant …
Rising Demand for Postbiotic Pet Foods: Market Valuation to Increase from USD 856.4 Million to USD 1,231.58 Million by 2033
Over the forecast period from 2023 to 2033, the global postbiotic pet food market is anticipated to expand at a compound annual growth rate (CAGR) of 6%. It is projected to rise from approximately USD 856.40 million in 2023 to around USD 1,231.58 million by the end of 2033. The market is anticipated to experience …
Gluten-Free Soup Industry Expected to Grow at 7% Annually, Reaching Over USD 4.74 Billion by 2033
The gluten-free soup market is anticipated to expand its roots at a steady CAGR of 7% between 2023 and 2033. The market is expected to have a market share of US$ 4.74 billion by 2033 while it is likely to be valued at US$ 2.42 billion in 2023 Advanced healthcare and wellness centers with diet charts and plans are making people aware of …
Probiotic Drink Market Forecasts a Strong CAGR of 7% Through 2033, According to Future Market Insights, Inc.
The global probiotic drink market size is anticipated to surpass a valuation of US$ 19,276 million in 2023. It is expected to attain a valuation of US$ 39,362.7 million by 2033. The market is anticipated to thrive at a CAGR of 7% from 2023 to 2033. Digestive health has emerged as an issue of significance …