New Product Development
The air fryer market is poised for significant growth, with the global market size projected to reach USD 982 million in 2024. The demand for air fryers is expected to witness a CAGR of 6.7% from 2024 to 2034. By 2034, the air fryer sales are anticipated to reach a valuation of USD 1,883 million. The main catalyst of the air fryer …
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The global food additive market size value is expected to grow from USD 310.9 billion in 2024 to USD551.4 billion by 2034. Over the forecast period, global food additive demand is projected to increase at 7.2% CAGR. Usage of food additives is expected to remain high in the beverage sector during the forecast period. As …
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The global maltodextrin market is evaluated to be sized at USD 4,134.20 million in 2024. During the period from 2024 to 2034, the market is expected to progress at a solid clip, registering a CAGR of 4.8%. By 2034, the maltodextrin market is anticipated to have reached a value of USD 6,583.00 million. Maltodextrin is gaining traction in the food …
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2022 the Asia Pacific functional food ingredients market will be worth USD 4.2 billion. By 2023, the valuation is expected to rise to USD 4.34 billion, with a market value of USD 8.5 billion expected by 2033, rising at a CAGR of 6.9% from 2023 to 2033. Fresh fruit, packaged foods, dairy products, and functional beverages are just a few examples …
The IQF vegetable market was worth close to USD 1.68 billion globally. The rise of numerous large retail chains, changes in eating habits, and changes in lifestyle are all contributing to the rapid growth of the IQF vegetable business. As a result, it is projected to have produced USD 2.81 billion by 2033 and to grow at a 4.8% annual rate from 2023 …
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The Animal feed additives market is projected to increase from USD 55,842.2 million in 2024 to USD 109,184.5 million in 2034. The market is anticipated to surge at a CAGR of 6.9% by 2034. The increased production of livestock has raised concerns about public health issues related to the use of antibiotics and the spread of foodborne diseases. As a result, probiotics …
The market for antioxidants was projected to be worth close to USD 2.11 billion in 2022. Over the course of the anticipated time, the market would be influenced by several factors, such as the growing global population, rising packaged goods demand, and the exponential growth of the pharmaceutical industry. It is anticipated to have generated USD 5.3 billion by 2033, with …
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The prebiotic ingredients market size is estimated to expand from USD 7,215 million in 2024 to USD 13,763 million by 2034. Global prebiotic ingredient sales are projected to soar at 6.7% CAGR over the next ten years. some of the popular products that are expected to contribute to the growth of the global prebiotic ingredients market are Prebiotics for weight loss, prebiotic side …
From 2023 to 2033, the dried soup market size is expected to grow at an excellent 7.9% CAGR, outpacing the 1.4% CAGR observed between 2018 and 2022. The market value of dried soup increased from USD 2.1 billion in 2023 to USD 4.5 billion by 2033, indicating a notable increase in demand. The need for quick eating options and a fast-paced lifestyle have …
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From 2023 to 2033, the market size for herb and spice extracts is anticipated to expand at a steady 3.5% CAGR. This increase is mainly attributable to consumers’ growing preference for natural ingredients in a variety of sectors, including food, drinks, personal care, nutraceuticals, and medicines. The demand for these extracts is increasing noticeably due to a greater …