New Product Development
Functional Mushroom Market The global functional mushroom market value in 2022 was calculated to be approximately US$ 9,324.7 million. According to FMI, between 2023 and 2033, it will grow at a rate of 9% annually. It also estimates that the entire valuation will have reached US$ 22,023.8 million by the end of the predicted period. The sector …
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The global flour mixes market is set to expand significantly over the next decade, with projections indicating a robust compound annual growth rate (CAGR) of 7%. The market, currently valued at US$ 26.9 billion in 2023, is anticipated to more than double, reaching an impressive US$ 52.5 billion by 2033. This growth is attributed to the increasing consumer demand for healthier …
In the forthcoming years, the shea butter market is poised for remarkable expansion, showcasing a promising growth trajectory. Projections indicate that by 2023, the market is anticipated to achieve a noteworthy value of USD 2.75 billion, demonstrating its strong growth potential. This positive momentum is anticipated to persist as the market steadily progresses at a rate of 7% …
Continue reading “Shea Butter Market to Reach at USD 5.58 Billion by 2033 with 7% CAGR | FMI”
The global frozen snacks market is expected to experience substantial growth from 2023 to 2033. According to Future Market Insights, the market is set to exceed 136,981 million in 2023 and is forecasted to reach USD 250,736.0 million by 2033. The market is projected to grow at a compound annual growth rate (CAGR) of 6% during this period. The growth in the frozen …
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The market size of liquor confectionery is forecasted to reach USD 603.0 million in 2023, with expectations to increase to USD 1,002.0 million by 2033. Sales within this sector are anticipated to grow steadily at a notable CAGR of 5.0% over the forecast period. New product launches with different flavoured chocolates, candies and gums are anticipated to positively influence the growth of the …
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The worldwide food botanicals market size is expected to be USD 219.4 billion in 2024. The sector’s progress is expected to happen at a CAGR of 2.2% from 2024 to 2034. By the end of the forecast period, the food botanicals industry value is slated to hit USD 272.8 billion. Demand for botanicals in food is accelerating …
The global cultures market is set to observe progress at a CAGR of 4.3% and top a valuation of USD 2.1 Bn by 2032. Since the development of fermentation, processed and fermented food products have become an integral component of several global food traditions. Microbial culture techniques and their utilization in food fermentation processes have enabled transformation …
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Spirulina Powder Market The global spirulina powder market size is projected to rise from US$ 461 million in 2024 to US$ 702 million by 2034. By 2034, spirulina powder sales are projected to soar at 5.9% CAGR. Spirulina powder is extracted from spirulina, a blue-green algae that is found to be grown on freshwater bodies, making it …
According to Future Market Insights (FMI) updated report, the global artificial sweetener market value is forecast to total US$ 2,710.0 million in 2024. A CAGR of 2.9% is on the cards for the market, with global artificial sweetener sales set to total US$ 3,600 million by 2034. Demand remains particularly high for aspartame owing to its multiple advantages, including high sweetness and …
Mango Puree Market The mango puree market is predicted to be valued at US$ 1.8 billion by 2024. The market valuation is estimated to be US$ 3.56 billion by 2034, projected at a CAGR of 7%. The market for mango puree is expanding as customer demand for natural and healthful food products rises. Smoothies, drinks, desserts, sauces, …