New Product Development
The feed phytogenic market is projected to be worth USD 782.3 million in 2023. By 2033, the market is expected to surpass USD 1,142.13 million. The demand for phytogenic feed is expected to expand at a CAGR of 3.5% during the forecast period. The feed phytogenic industry is an emerging segment of the animal feed industry, …
Continue reading “Feed Phytogenic Market to See 3.5% Annual Growth Through 2033”
The lipase market is predicted to develop at an impressive 10.3% CAGR from 2023 to 2033, exceeding the lower 3.4% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the Lipase market, increasing the market value from USD 612.6 million in 2023 to USD 1631.2 million by 2033. The digestive …
The insoluble dietary fiber market is expected to be valued at USD 2,889 million in 2024. The market’s progress is projected to be invigorating from 2024 to 2034, recording a CAGR of 9.1%. By 2034, the market value is forecasted to surpass USD 6,872.7 million. The increasing demand for insoluble dietary fiber is driven by various …
The banana puree market is poised for robust growth and a significant rise, with an anticipated higher CAGR of 9.2% from 2023 to 2033. This is notably higher than the CAGR of 5.3% observed between 2018 and 2022. As a result, the market value is projected to reach an impressive US$ 919 million by 2033, compared to …
Continue reading “Banana Puree Market to Climb to USD 919 Million by 2033 with a 9.2% CAGR”
The global Plant-Based Pet Food market is expected to reach a valuation of USD 26.9 billion by the year 2024, accelerating with a CAGR of 7.8% by 2024 to 2034. The industry is expanding significantly due to different factors. This growth is supported by the vegan movement, anthropomorphism of pets, and increasing number of vegan …
Continue reading “Plant-Based Pet Food Market A Sustainable and Growing Trend in Pet Nutrition”
According to FMI’s latest research, the food and beverage air filtration industry is anticipated to grow at an 8% CAGR throughout the forecast period. The market is expected to reach USD 1,436 million in 2023 and is projected to attain USD 3,057.6 million by 2033. The food and beverage industry is observing high cases of food-borne infections, mainly due to unhealthy conditions in …
Insect-Based Pet Food Market The insect-based pet food market is forecasted to garner revenue of US$ 3,448.5 million in 2033, up from US$ 1,341.0 million in 2023, advancing at a rate of 10% from 2023 to 2033. The pet food industry is undergoing a significant transformation as more pet owners seek innovative and sustainable alternatives to traditional …
Spreads Market The global spreads market is worth US$ 29.9 Billion as of now and expected to reach US$ 53.2 Billion by the year 2033 at a CAGR of 5.9% between 2023 and 2033. With growing demand for condiments and sauces made from natural ingredients coupled with spike in production of preserves, gourmet jams, and artisan bakery …
Continue reading “Spreads Market Trends Shaping the Future of Convenience and Flavor”
Curcumin Market The global curcumin market is set to experience unprecedented growth over the next decade, with projections indicating a surge from $127.0 million in 2023 to an impressive $369.2 million by 2033. This remarkable expansion, at a compound annual growth rate (CAGR) of 11.3%, is largely attributed to the increasing preference for natural antioxidants and the expanding …
The global food grade phosphate market was worth around USD 2,125.3 million in 2019 and has reached up to USD 3,104.8 million in 2024. The entire market is witnessing opportunities to develop at a promising CAGR of 8% over the next ten years. By 2034, the total industry valuation is set to reach up to US$ 6,685.7 …
Continue reading “Food Grade Phosphate Market Set to Surpass USD 6.6 Billion by 2034: FMI Analysis”