During the forecast period, the vanilla bean market is expected to grow at a 4.4% average CAGR. In 2023, the market is anticipated to have a share of USD 1.26 billion. By 2033, it is projected to reach a value of USD 1.93 billion. Vanilla is widely used in the food and beverage industries as a flavouring for jams, jellies, …
Category Archives: F&B Analysis
Foaming Creamer Market to Witness 3.6% CAGR Growth by 2033 amid Rising Clean Label Trends
The foaming creamer market is predicted to be worth USD 176.7 million in 2023 and rise to USD 251.4 million by 2033. Initially, the global market expanded at a CAGR of 3.3% between 2017 and 2022. Due to the rising demand for organic and healthy food products, several potentials exist for the foamy creamer powder market to …
Hybrid Rice Seeds Market Forecast to Exceed USD 10.8 Billion by 2033: FMI Insights
The hybrid rice seeds market is predicted to be worth USD 5.1 billion in 2023, and rise to USD 10.8 billion by 2033. Initially, the global market was expanding at a CAGR of 7% between 2017 and 2022. Many abiotic and biotic factors present a barrier to sustainable rice agriculture. As a result, stress tolerance has …
Ginseng Market Valuation to Climb to USD 1,262.3 Million by 2034
The global ginseng market share value is projected to total USD 786.3 million in 2024 and USD 1,262.3 million by 2034. Demand for ginseng will likely increase at a steady CAGR of 4.3% throughout the forecast period. Ginseng demand remains high in the pharmaceutical sector due to its potential health benefits. As per the latest analysis, the pharmaceutical products segment is estimated to hold a market …
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Oat Drink Market Expected to Reach USD 1.68 Billion by 2034
In the recent edition of the oat drink market report, Future Market Insights (FMI) finds growth prospects to go as high as 7.5% from 2024 to 2034. With the emergence of health-conscious consumers, key oat drink manufacturers are investing in the development of gluten-free products. Going by this pattern, demand could expand and equate to a market valuation …
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Linseed Oil Market Forecasted to Expand at 6% CAGR, Surpassing USD 13.9 Billion by 2033
The linseed oil market is predicted to be worth USD 7,904 million in 2023, and rise to USD 13,972.5 million by 2033. The global industry was expanding at a CAGR of 2.4% from 2018 to 2022. With the advancement of science and technology, flax plant cultivation is now mostly done for the purpose of pressing linseed oil. …
Naturally Derived Sweeteners Market to Grow at 5.9% CAGR Through 2032, Predicts FMI
The Naturally Derived Sweeteners Market refers to the industry that deals with the production, distribution, and consumption of sweeteners derived from natural sources. These sweeteners are typically obtained from plants or other natural sources and are used as alternatives to artificial sweeteners, such as aspartame or saccharin. The naturally derived sweeteners market is anticipated to develop at a CAGR …
Health-Conscious Consumer Demand Fuels Vitamin C Ingredients Market Growth at 5.6% CAGR by 2033
According to an industry report, the vitamin C ingredients Market is expected to generate USD 2,704 million by 2023. Estimates indicate the market is forecast to reach USD 4,657.5 million between 2023 and 2033, representing a CAGR of 5.6%. The rising incidence of cardiovascular diseases and increasing demand for skin care products are expected to drive the …
Phycocyanin Market Expected to Reach USD 1.49 Billion by 2033, Says FMI
The anticipated value of the worldwide phycocyanin market in 2022 was USD 754.40 million. The market is anticipated to reach USD 1,487.7 million, growing at a CAGR of 7% from 2023 to 2033 due to shifting customer preferences toward natural food-grade substances. Phycocyanin is a natural blue pigment derived from certain species of blue-green algae, also known …
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Texturized Vegetable Protein Market Poised for Rapid Growth with Record CAGR by 2031
Texturized Vegetable Protein Market The Texturized Vegetable Protein market is a rapidly growing segment of the food industry that offers a plant-based alternative to meat-based protein sources. Texturized Vegetable Protein, also known as textured soy protein or textured plant protein, is derived from soybeans and other plant-based ingredients. It is widely used as a meat substitute due …