According to Future Market Insights (FMI), global astaxanthin sales are estimated to be worth USD 273.2 million in 2024. The market is expected to reach USD 665.0 million by 2034. It is projected to surge at a CAGR of 9.3% in the forecast period 2024 to 2034. The growing demand for astaxanthin spans across aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and the food …
Category Archives: F&B Analysis
Food Irradiation Market Predicted to Grow at 6% CAGR Through 2033, Says FMI
The food irradiation market is predicted to be worth USD 312 million in 2023 and rise to USD 540.9 million by 2033. Initially, the global market was expanding at a CAGR of 3.3% from 2018 to 2022. The increasing prevalence of food poisoning linked to the consumption of adulterated food products has highlighted the urgent need for …
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Citrus Water Market Set for 17.1% CAGR, Projected to Exceed USD 51.9 Million by 2033
Citrus Water The citrus water market is expected to increase from USD 10.59 million in 2023 to USD 51.9 million in 2033. The Use of Citrus Water as a Fragrance in Cosmetics Amplifies Production Globally Citrus water is used to increase flavor in the food sector. It is mostly used to manufacture candies in the confectionery business. …
U.S. Citrus Pulp Market to Reach USD 287.2 Million by 2033 with Strong Growth in Food & Beverage Sector
The citrus pulp market refers to the global trade and consumption of citrus pulp, which is a byproduct of the citrus fruit processing industry. Citrus pulp is obtained from the remnants of oranges, lemons, grapefruits, and other citrus fruits after juice extraction. It is rich in fiber, pectin, and other nutrients, making it a valuable ingredient …
Global Ready-to-Use Therapeutic Food Market Forecasted to Reach USD 743.4 Million by 2033
As per the global ready-to-use therapeutic food market analysis report by FMI, the market valuation is expected to be around US$ 429 million in 2023. By the end of this forecast period, the global sales of ready-to-use therapeutic food are anticipated by FMI to generate revenues of around US$ 743.4 million. Undernutrition is responsible for around …
Sports Nutrition Market to Grow at an 11.5% CAGR Through 2033, Says FMI Report
According to Future Market Insight, the global sports nutrition market is likely to reach USD 61.66 billion by 2033, registering a CAGR of 11.5%. This is a considerable increase from its projected value of USD 20.77 billion in 2023. Global participation in sports and fitness activities is on the rise, with more people engaging in diverse exercise …
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Fish Feed Market to Grow Steadily at 3.5% Annually Through 2033: FMI
According to FMI, fish feed market is expected to reach USD 116,480 million by 2023. It is estimated that the market is poised to reach USD 163,530 million between 2023 and 2033, representing a CAGR of 3.5%. Fish feed consists of a blend of essential materials, additives, and supplements derived from both natural and synthetic sources, formulated …
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Vegan Flavor Market to Hit USD 14.4 Billion by 2033 with a 4.8% CAGR Growth
The market for vegan flavors is most likely to incline at a CAGR of 4.8% from 2023 to 2033, as per the latest Future Market Insights report. According to the study, the global vegan flavor market is anticipated to reach a valuation of USD 14,406.1 million by 2033, up from USD 9,021 million in 2023. Growing environmental …
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CBD Gummies Market to Surpass USD 7.5 Billion by 2033, Unlocking New Opportunities: FMI
The CBD gummies market is expected to be worth USD 743.5 million in 2023. CBD gummy sales revenue is expected to reach USD 7,524.5 million by 2033. Between 2023 and 2033, the CAGR will be 26%. The growth of the CBD market is significantly influenced by its recognized health benefits and favorable regulations governing retail CBD-based products such as oils, …
Global Poultry Feed Market Outlook: Key Trends, Insights, and Revenue Growth to 2033
The poultry feed market is expected to increase from USD 216.5 billion in 2023 to USD 365.6 billion by 2033. The poultry industry stands out as one of the fastest-growing segments within the global meat sector. Enhancing poultry productivity is crucial to meeting the demands of the world’s increasing population. A survey reveals that in 2020, the …