According to FMI reports, the global processed beef market can soar at a rate CAGR of 9% from 2023-2033. The market share of the processed beef industry is predicted from US$ 133.4 Bn in 2023 to over US$ 314.5 Bn by 2033. Globalization and the popularity of different cuisines have led to an increase in beef consumption globally due to shifting consumer habits …
Category Archives: Press Release
Exploring Growth Horizons in the Fermented Ingredients Market, Projected to Reach US$ 93.9 Billion by 2033
The fermented ingredients market is predicted to grow at a CAGR of 6.7% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 48.9 Bn in 2023 to US$ 93.9 Bn by 2033 end. Sales of fermented ingredients are expected to represent a significant proportion of the global food additives market. Fermented substances are acidic elements that are …
Nurturing the Future Infant of Formula Ingredients Market Sets Sights on US$ 78,818.9 million by 2033
Infant Formula Ingredient Market During the forecast period, the infant formula ingredients market is expected to expand at a CAGR of 6.3%. Beginning the forecast period in 2023 with a market value of US$ 42,645 million, it is likely to reach a valuation of US$ 78,818.9 million by 2033. It is anticipated by the expert analysts at …
Unlocking Yeast’s Potential: Inactive Dried Yeast Market Poised for Remarkable Growth, Aiming for CAGR of 8% by 2032
Conventional inactive dried yeast is expected to hold about 96.9% share in the global inactive dried yeast market. The demand from the animal feed industry is rising, giving impetus to the market. Usage of inactive dried yeast in animal feed improves its nutritional content and quality of the final product. This indicates the rising usage of inactive dried yeast in …
Cruise Tourism Market Sets Course for an Exciting 12.1% CAGR, Aiming at a Staggering US$ 17.8 Billion by 2033 | FMI
It is predicted that the cruise tourism market, which had a market value of US$ 5.3 billion in 2022, will increase to US$ 17.8 billion by 2033, with a CAGR of 12.1% from 2023 to 2033. The disposable income is a critical driver for the cruise tourism business. People are more inclined to spend money on travel and leisure pursuits, such as …
A Culinary Revolution of Tempeh Market Poised to Reach a Valuation of US$ 6.8 billion by 2033
From 2023 to 2033, the global tempeh market is predicted to rise at a 5% CAGR and are predicted to reach around US$ 6.8 billion by 2033. A sizable portion of the population wishes to either avoid or reduce their meat consumption by becoming vegan or vegetarian or by becoming flexitarians or meat reducers. As a result, …
Casino Hotel Market Set to Reach US$ 321.4 Billion by 2033 | FMI
With a compound annual growth rate (CAGR) of 4.8% from 2022 to 2032, the worldwide casino hotel market is expected to reach an estimated US$ 321.4 billion by 2033, from US$ 191 billion in 2022. A casino hotel is a facility that provides temporary lodging services, casino services and restaurant – bar services. The customers are benefitted by both lodging as well …
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Customized Holidays Market Eyes a Striking US$ 406.7 Billion Valuation by 2033 | FMI
The customised holidays market had an estimated share of US$ 105 billion in 2022, and it is anticipated to rise at an annualized rate of 13.1% from 2023 to 2033 to attain a market value of US$ 406.7 billion. The scope for customised holidays growth is anticipated to be driven by the travel industry’s quick development, as well as by rising disposable …
Thailand Tourism Market Gears Up for a Staggering US$ 76.60 Billion Valuation, Riding the Wave of 3% Annual Growth by 2032 | FMI
The tourism market in Thailand is projected to increase at a compound annual growth rate (CAGR) of 3%, from its current valuation of US$ 57 billion in 2022 to US$ 76.60 billion in 2032. The rich history, wildlife, food and many other factors are expected to increase the influx of tourists and drive the demand for Thailand tourism. Thailand is located in …
Global Intracranial Aneurysm Market is forecasted to experience a substantial surge, with an anticipated CAGR of 8.8%, reaching US$ 2.56 Billion by 2032
The global intracranial aneurysm market treatment is poised for substantial growth, as per the latest market analysis forecast. Between 2022 and 2032, the market is projected to witness a robust Compound Annual Growth Rate (CAGR) of 8.8%, soaring from US$ 1.2 billion in 2022 to an estimated US$ 2.56 billion by 2032. The escalating prevalence …