New Product Development
In 2023, the canned meat market is anticipated to reach a market value of US$ 13,644.8 million. The market is projected to surpass US$ 25,405.5 million in 2033, expanding at a CAGR of 6.8% during the forecast period. This mainly concerns the growing demand for protein-rich food and convenient foods. Along with protein, it has other nutrients …
Continue reading “Canned Meat Market Projected to Surpass USD 25 Billion by 2033, Reports FMI”
The fruit pectin market is witnessing growth due to its versatile applications in the food and beverage industry. Extracted from fruits like apples and citrus, pectin is a natural gelling agent and thickener used in jams, jellies, and confectionery. Its demand is driven by the rising preference for natural and clean-label ingredients. Additionally, the health-conscious consumer base …
The fragrance emulsifier market is predicted to rise at a CAGR of 3.4%, suggesting a stable growth trend from 2023 to 2033. The market is expected to expand in value from US$ 714.4 million in 2023 to US$ 1,000.8 million in 2033. Even though the observed CAGR of 1.9% between 2018 and 2022 indicates a slower growth …
From 2023 to 2033, the functional flour market is anticipated to expand significantly at a CAGR of 9.2%. Changing consumer lifestyles and rising consumer demand for premium food items, driven by the quest for taste and health benefits, give significant potential for market expansion. Furthering the market’s optimistic outlook are increased government rules that support …
In 2023, the butter powder market has been evaluated to reach a global market value of US$ 2.4 billion. With a growth rate at a CAGR of 6.3% during the forecast period, this market is estimated to appreciate almost twice its market value globally in 2033. As per FMI, the butter powder market is approximated to touch …
Continue reading “Butter Powder Market Insights: Anticipating a 6.3% CAGR Over the Next Decade”
The banana bread market is predicted to reach a CAGR of 14.1% during the forecast period and a market value of US$ 3,600.8 million by 2033. It is also foreseen to reach a market value of US$ 959.9 million in 2023. This is mainly due to a growing consumer preference for healthier alternatives. Banana is very beneficial …
The tiger nut market value is estimated to total USD 275.3 million in 2024. By the time 2034 rolls along, the value of the industry is expected to have more than doubled to USD 580 million. This means the market is forecast to progress at a CAGR of 7.7% over the next decade. One of the pillars the tiger nut market stands …
According to Future Market Insights, Inc., the extra neutral alcohol (ENA) market value is projected to expand from USD 10 billion in 2024 to USD 18.1 billion by 2034. Throughout this period, the market is analyzed to record a CAGR of 6.1%. Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-19700 Growing demand for spirits, like vodkas, rums, gins, and …
The dark rum market value is expected to rise from USD 953.1 million in 2024 to USD 1,510 million by 2034. Global sales will likely rise at a CAGR of 4.7% throughout the assessment period. Multiple factors are expected to spur growth of the dark rum industry during the forecast period. These include growing interest in premium spirits, expanding cocktail culture, and increasing …
The roll-dried starch market is on an impressive growth trajectory, with its current market size estimated at around USD 834 million in 2024. According to FMI’s analysts, this burgeoning market is projected to achieve a CAGR of 4.9%, reaching a staggering USD 1,393.1 million by 2034. This substantial expansion underscores the rising prominence of roll-dried …