New Product Development
Food Service Industry The global food service industry size is likely to jump from US$ 3,483,539.5 million in 2023 to US$ 5,704,966.8 million by 2033. This projected expansion is anticipated to expand at a 5.3% CAGR in the demand for food services over the upcoming decade. Convenience, rising purchasing power, and the emergence of a variety of …
Continue reading “Food Service Industry Set to Reach USD 5.7 Trillion by 2033”
As per the latest market research conducted by FMI, the global plant-based tuna market is expected to record a CAGR of 17% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of USD 284 million. By 2033, the valuation is anticipated to reach USD 1,320.6 million. Increasing public awareness of the harmful health impacts of …
Plant-based Cheese Market The plant-based cheese market is predicted to be valued at US$ 3,068 million in 2024. The market for plant-based cheese is expected to grow at a compound annual growth rate (CAGR) of 12.2% between 2024 and 2034 to reach a value of US$ 9,658 million. This expansion is due to consumers seeking cruelty-free, environmentally friendly, and sustainably produced substitutes …
Vegan Marshmallows Market In 2023, demand for vegan marshmallows are expected to have a net market share worth of $74.6 Mn, but by 2033, it is predicted to rise to over US$ 172.6 Mn. The growing vegan population around the world is driving demand for vegan marshmallows to grow by 9.8% between 2023 and 2033. Concerns about …
According to an industry report, vitamin D ingredients Market is expected to generate USD 1560 million by 2023. Estimates indicate the market is predicted to reach USD 2,780.3 million between 2023 and 2033, representing a CAGR of 5.9%. Increasing consumer demand for health and wellness is prompting cereal manufacturers to improve nutrition content. With pharmaceutical companies increasing …
According to a recent analysis by Future Market Insights, a provider of market research and competitive intelligence, barley sales are expected to increase by a lucrative CAGR of 2.9% over the next ten years. The market is estimated to reach a valuation of US$ 32,901.6 million by 2033 from US$ 24,645.7 million in 2023. A significant trend driving the barley industry is rising …
Continue reading “Barley Market to Grow at 2.9% CAGR, Projected to Reach USD 32.9 Billion by 2033”
The global Food Service Equipment Market Size is estimated to reach USD 45,449.7 million by 2024 and USD 82,099.3 million by 2034. The market is expected to surge at a CAGR of 5.6% by 2034. Food service equipment refers to the various tools, appliances, and machinery used in the preparation, cooking, storage, and serving of food in commercial and institutional settings, such as …
The Gellan Gum Market refers to the global industry involved in the production, distribution, and consumption of gellan gum—a polysaccharide produced by the bacterium Sphingomonas elodea. Gellan gum is widely used in the food, pharmaceutical, and personal care sectors due to its unique gelling, thickening, and stabilizing properties. During the projected period, Gellan Gum Market is expected to grow …
The Acerola Extract Market refers to the global industry involved in the production, distribution, and consumption of acerola extract derived from the acerola cherry, also known as Barbados cherry or West Indian cherry. Acerola is a small fruit rich in vitamin C and other antioxidants, making it highly sought after for its health benefits. According to Future …
Future Opportunities, Revenue Growth, Pricing And Profitability The global egg replacement ingredient market size is projected to increase from USD 1,399.2 million in 2024 to USD 2,478.2 million by 2034. Global sales of egg replacement ingredients are anticipated to expand with a CAGR of 5.9% over the assessment period. The growing vegan population and the rising animal-loving population are garnering market growth. People getting …