New Product Development
The global food colors market is forecasted to advance at a moderate CAGR of 5.8%, promising to reach USD 8.46 billion by 2034. The market valuation of the said market by 2024 will be USD 4.83 billion. The market was valued at USD 4.76 billion in 2023. Various market drivers are expected to enhance the industry’s overall market valuation. The global …
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The organic acid market is expected to reach a valuation of USD 11.3 Billion in 2022. Sales of organic acids are anticipated to increase at a CAGR of 5.3%, reaching a valuation of USD 18.8 Billlion by 2032. Organic acid is used in the food and beverage sector as a preservative to prolong the shelf life of food without altering its taste or …
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The global probiotic drink market size is anticipated to surpass a valuation of USD 19,276 million in 2023. It is expected to attain a valuation of USD 39,362.7 million by 2033. The market is anticipated to thrive at a CAGR of 7% from 2023 to 2033. Digestive health has emerged as an issue of significance …
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As per the FMI market survey report, The global tonic wine marketvalue is expected to reach around USD 1,881 million in the year 2023. the overall market is projected to accelerate at a CAGR of 6% between 2023 and 2033. The tonic wine sales forecast remains positive and is expected to reach a valuation of USD 3,373.2 million globally by 2033. Tonic …
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Japan’s powdered cellulose market is witnessing significant growth, with sales expected to reach US$ 26.14 million by 2033, representing a notable CAGR of 9.7%. This growth is primarily driven by increasing demand for functional foods and healthy dietary habits among the Japanese population. Powdered cellulose, derived from plant sources, is gaining traction due to its …
Korea’s stevia market is experiencing significant growth, with sales projected to reach US$ 38.1 million by 2033, up from US$ 15.2 million in 2023, at a robust CAGR of 9.6%. This growth is primarily driven by rising consumer demand for sugar-free diets and natural sweeteners to support healthy lifestyles. Stevia, known for its zero-calorie appeal …
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The insect feed market in Japan is witnessing remarkable growth, with sales projected to reach US$ 23.5 million in 2023 and expected to surge to US$ 156.8 million by 2033, boasting a phenomenal CAGR of 20.9%. This growth is attributed to the increasing adoption of insect feed in the aquaculture and poultry farming sectors, driven …
The dietary supplement market in Korea is witnessing substantial growth, with sales expected to reach US$ 1,561.41 million in 2023 and projected to escalate to US$ 4,181.92 million by 2033, at a robust CAGR of 10.4%. This growth is fueled by various factors, including the increasing variety of supplements, rising disposable income among the young …
The yeast market in Japan is witnessing significant growth, with sales projected to reach US$ 385.46 million by 2033, up from US$ 139.57 million in 2023. This growth is driven by rising demand from various industries such as food and beverage, pharmaceuticals, and biofuels. Factors such as increasing consumer awareness of health benefits associated with …
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The dehydrated vegetable market in Korea is experiencing substantial growth, with sales projected to surge at an impressive 11.8% CAGR through 2033. The market’s value is anticipated to cross US$ 1.245 billion by 2033, marking a significant increase from US$ 408 million in 2023. This growth is driven by various factors, including the shift toward …
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