New Product Development
Lactose Market As of 2022, the worldwide sales of lactose market was worth US$ 2,312.5 million. The market is anticipated to expand at a CAGR of 6% from 2023 to 2033, reaching a total of approximately US$ 4,169.8 million by 2033 due to the ongoing consumer movement towards lactose products. This kind of sugar in lactose may …
Continue reading “Lactose Market: Exploring the Demand and Innovations in Dairy-Free Products”
Plant-based Fish Market The global plant-based fish market is set to experience remarkable growth, driven by a surge in vegan consumers and rising environmental concerns. According to a recent market analysis, the plant-based fish market, valued at USD 804.6 million in 2023, is anticipated to reach USD 1,271.2 million by 2033, with a compound annual growth rate …
Continue reading “Plant-Based Fish Market: Navigating the Surge in Sustainable Seafood Alternatives”
Citrus Alcohol Market As per the recent market research conducted by FMI, the citrus alcohol market is expected to surge at a CAGR of 7.9%. In 2023, the market size is projected to be US$ 1,272 million. By 2033, the figures are expected to cross US$ 2,276.9 million. Rapid urbanization has contributed to an increase in disposable income. This has …
Continue reading “Citrus Alcohol Market: Trends and Opportunities in the Growing Beverage Industry”
By 2033, the chocolate inclusions and decorations market is likely to have grown significantly, reaching a predicted value of US$ 1801.5 million. A strong compound annual growth rate (CAGR) of 7.3% from 2023 to 2033 is likely to fuel this rise. The market’s growth is primarily attributable to rising per capita spending, rising consumer emphasis on health …
According to the latest industry analysis, the market size for online food delivery and takeaway is projected to soar to a valuation of USD 28,295.9 million in 2024, with a promising growth trajectory expected to reach USD 56,828.1 million by 2034, marking a robust CAGR of 7.20%. This growth is fueled by shifting consumer preferences towards convenience, …
In 2023, the canned meat market is anticipated to reach a market value of USD 13,644.8 million. The market is projected to surpass USD 25,405.5 million in 2033, expanding at a CAGR of 6.8% during the forecast period. This mainly concerns the growing demand for protein-rich food and convenient foods. Along with protein, it has other …
Continue reading “Canned Meat Market Projected to Surpass USD 25 Billion by 2033, Reports FMI”
The coconut derived surfactants market is predicted to expand at a CAGR of 3.3% between 2018 and 2033, up from 2.4% between 2018 and 2022. This faster growth rate suggests a faster market expansion, with the market value predicted to rise from US$ 1,886.9 million in 2023 to US$ 2,606.8 million in 2033. Several significant reasons have …
The cellulase market is expected to grow from USD 1,685.8 million in 2023 to USD 3,263.5 million by 2033, with a CAGR of 6.8% from 2023 to 2033. The global cellulase sector expanded at a CAGR of 6.8% from 2023 to 2033. The main application of the cellulase market is pulp and paper. With this, we can provide high-quality paper so customers …
The fruit pectin market is witnessing growth due to its versatile applications in the food and beverage industry. Extracted from fruits like apples and citrus, pectin is a natural gelling agent and thickener used in jams, jellies, and confectionery. Its demand is driven by the rising preference for natural and clean-label ingredients. Additionally, the health-conscious consumer base …
The fragrance emulsifier market is predicted to rise at a CAGR of 3.4%, suggesting a stable growth trend from 2023 to 2033. The market is expected to expand in value from USD 714.4 million in 2023 to USD 1,000.8 million in 2033. Even though the observed CAGR of 1.9% between 2018 and 2022 indicates a slower …