New Product Development
The global protease market is holding a valuation of USD 2.1 billion in 2023. The market is expected to reach a valuation of USD 4.6 billion by 2033. The sector is anticipated to witness a growth of 7.8% during the forecast period. The food industry is experiencing significant growth globally, with a notable surge in demand …
Continue reading “Protease Market Expected to Grow at a 7.8% CAGR by 2033, Reveals FMI Analysis”
The paprika color market is predicted to be worth USD 86 million in 2023 and rise to USD 251.2 million by 2033. Demand for paprika color is expected to expand at an 11% CAGR by 2033. The rising demand for paprika color, a popular seasoning in vegan and vegetarian dishes, is fueled by an increasing number …
The dog food market is predicted to be worth USD 45,631 million in 2023 and rise to USD 81,224.9 million by 2033. Demand is expanding at a market CAGR of 6% between 2023 to 2033. Personalized dog food products are gaining popularity in developed areas and are anticipated to do the same in emerging markets in …
The Asia Pacific tomato seed oil market is set for remarkable growth in the coming years. Projections indicate a value of US$ 62 million by 2023, with a steady 7% annual growth rate. By 2033, the market is projected to achieve a remarkable valuation of USD 124.6 million, underscoring its extensive adoption and profound influence across various …
The cat food market is forecast to expand at 3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 44,744 million in 2023. The government’s influence on the cat food industry significantly impacts the regulation of available products in various countries. In response, companies are increasingly investing in …
According to Future Market Insights (FMI), the caramel food colours market is anticipated to be worth USD 185 million in 2023. The whole market value is expected to reach USD 466.9 million by 2033, increasing at a 10% CAGR through 2033. The market for caramel food colors is experiencing significant growth, driven by a rising consumer preference for visually appealing …
The global cane sugar market is projected to grow significantly, with its size estimated at USD 61,318 million in 2024, rising to USD 86,011 million by 2034, driven by a CAGR of 3.4%. Key factors behind this growth include the widespread use of cane sugar in households, especially for cooking, and strong demand from the …
Continue reading “Cane Sugar Market to Grow at 3.4% CAGR, Expected to Hit USD 86.0 Billion by 2034”
The global organic yeast market is witnessing substantial growth, driven by rising consumer demand for organic and health-focused products. According to recent market analysis, the organic yeast industry is projected to grow from USD 345.7 million in 2024 to an impressive USD 901.2 million by 2034, reflecting a compound annual growth rate (CAGR) of 10.1% …
The global dairy testing services market is projected to grow at a robust CAGR of 8.1% over the forecast period from 2024 to 2034. By 2034, the market is expected to reach a valuation of USD 10,132.6 million, up from an estimated USD 4,643.7 million in 2024. The growth is primarily driven by increasing incidences …
With a spectacular CAGR of 24% from 2023 to 2033, FMI predicts that the global plant-based pork market could rocket to a value of US$ 1.88 billion in 2023. Additionally, by the year 2033, this industry is projected to reach a staggering US$ 16.72 billion. The veganism movement is being fueled by the growing environmental and animal …