The cat food market is forecast to expand at 3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 44,744 million in 2023. The government’s role influences the cat food industry in regulating the available cat food in the countries. Companies are investing more in cat food to meet …
Category Archives: F&B Analysis
Animal Feeds Microalgae Market Forecast to 2031: Growth Potential, Market Share, Demand, and Key Player Insights
As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top US$ 57.5 Mn in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of US$ 80.9 Mn by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of the factors …
Vegan Cat Food Market Projected to Reach USD 17.16 Billion by 2033, Reports Future Market Insights Inc.
The vegan cat food market is forecasted to expand at 6% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 9,291 million in 2023. Growing ethical concerns among the masses related to the killing of animals for food are giving an impetus to market growth. Another factor fuelling the …
Pet Food Microalgae Market Projected to Hit USD 38.3 Million by 2033, Says Future Market Insights
The pet food microalgae market is forecast to expand at 5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 24 million in 2023. The pet food industry is in full bloom as the adoption of four-legged human friends is increasing steadily. An increase in pet owners …
Rising Awareness of Sustainable Farming Practices Drives Growth in Silage Additive Market, Projected to Exceed USD 4.9 Billion by 2034
The global silage additive market is poised to cross US$ 2,935.6 million in 2024 and is likely to attain a valuation of US$ 4,902.9 million by 2034. The silage additive market size is projected to expand at a CAGR of 5.4% from 2024 to 2034. With the global population on a continuous rise, the demand for beef …
Plant-Based Butter Industry Outlook: Market Segmentation, Technological Advancements and Projections to 2030
The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by Future Market Insights concurs with positive consumer sentiment on plant-based butter, estimating market to grow nearly 7% y-o-y in 2021. Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among …
Clean Label Pectin Market to Hit USD 221.8 Million by 2033, Growing at 6% CAGR
The clean label pectin market was projected to generate US$ 118.89 Million in 2022. The market will grow at a CAGR of 6% from 2023 to 2033, reaching a value of US$ 221.8 Million because of shifting customer preferences for natural ingredients in cuisine. Plants produce pectin, a soluble fiber material that is found in the cell …
Continue reading “Clean Label Pectin Market to Hit USD 221.8 Million by 2033, Growing at 6% CAGR”
Citrus Yogurt Market Projected to Reach USD 3.4 Billion Globally by 2033: FMI Report
According to a recently published FMI study, the global citrus yogurt market is projected to grow at a CAGR of 4% from 2023-2033, reaching US$ 3,403.0 million. As of 2023, the market is likely to reach a valuation of US$ 2,202 Million. From 2018 to 2022, market demand for Citrus Yogurt expanded at a 2.0% value CAGR, …
Algae Fats Market Forecasted to Reach USD 484.5 Million by 2033, Says Future Market Insights, Inc.
The global algae fats market is expected to reach a market valuation of US$ 297.7 million in 2023, accelerating with a CAGR of 5% from 2023 to 2033. The growing demand for algae-based products in various industries such as food, animal feed, and biofuel is driving the growth of the algae fats market. One of the key …
Global Sanitary Food & Beverage Packaging Market to Exceed US$ 52.55 Billion by 2033, Driven by Consumer Safety and Sustainability Trends
Sanitary Food & Beverage Packaging Market The global sanitary food & beverage packaging market is set for substantial growth, projected to exceed US$ 52.55 billion by 2033, up from US$ 40.72 billion in 2023, with a steady CAGR of 2.6% during the forecast period. This growth trajectory is driven by increasing consumer demand for safe, hygienic, and …