The global spirits market is estimated at US$ 56 Bn in 2022 and is projected to reach US$ 92.9 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032. Spirit is an alcoholic beverage prepared through distillation process in which the component substances are separated from a liquid mixture via evaporation and condensation. This process is used for purification of the …
Category Archives: Press Release
Champagne Market Current Trends, Key Players and Future Growth Estimations Outlook to 2032
The global champagne market is expected to reach a market valuation of US$ 7.0Bn by the year 2022, accelerating at a CAGR of 5.08% by 2022-2032, to reach a value of US$ 11.5Bn by 2032. The alcohol beverage industry suffered from initial set back due to pandemic as spread of virus resulted in delays in shipment, rise in packaging cost, and scarcity of …
Vegan Yogurt Market Business Growth, Current Trends, Application Details, Key Components, Forecast 2032
The global vegan yogurt market size is expected to reach a market valuation of US$ 2.2 Bn in 2022, with sales growing at a robust 8.9% CAGR over the forecast period. Increasing incidence of lactose intolerance among consumers is resulting in lesser consumption of milk-based products. As a result, plant-based diet has grown in popularity among the …
Organic Tea Market Analysis by Business Developing Strategies, Growth Key Factors and Forecast to 2032
The global organic tea market is expected to reach market valuation of US$ 1.2 Bn by the year 2022, accelerating at a CAGR of 8.2% by 2022-2032. Organic products are becoming common among consumers due to their changing lifestyles and the growing notion that organic products are healthier than conventional ones. Moreover, the growing trend of consuming …
Pet Food Ingredients Market Development Strategy, Opportunities, Future Prospects and Regional Forecast by 2032
The pet food ingredient market was valued at US$ 11.49 Bn in 2021 and is projected to grow at a CAGR of 5.4%, to reach a value of US$ 20.5 Bn by 2032. The market accounts for 6% of the overall pet care market which was valued at US$ 189 Bn in the year 2021. This growth is attributed to the current …
Dehydrated Pet Food Market Growth Factors of Revenue by Industry Statistics-2032
The global dehydrated pet food market is projected to reach US$ 8.6 Bn, registering a CAGR of 4.9% during the forecast period (2022-2032). The overall sales of dehydrated pet food for dogs are expected to surpass US$ 13.8 Bn by the end of 2032. Surging adoption of dogs and cats and growing trend of pet humanization will boost the dehydrated pet food …
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Carmine Color Market Anticipated to Experience a Hike in Growth in the Period of 2032
The carmine color market is expected to reach a valuation of US$ 33.0 Mn in 2022. With sales growing at a robust 7.9% CAGR, topping US$ 70.5 Mn by 2032. Shifting consumer preference towards natural flavoring agents in food products is expected to fuel sales in the market. Manufacturers are using organic ingredients in packaged food products to keep up with the …
Barcode Printers Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032
Over the forecast period of 2016 to 2026, the global Barcode Printers market is expected to grow at a CAGR of 7.4% in terms of sales, owing to factors affecting its end-use. Barcode printers are special printers that are used to produce barcodes and product labels. Barcode printers are distinct from typical printers in that they employ different consumables …
Power Tools Market Global Industry Overview and Competitive Landscape till 2032
The global power tools market size was valued at US$ 33.36 Bn in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% CAGR between 2021 and 2031. Tools that are activated using a power source apart from manual labor are termed as power tools. They are used in a variety of …
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Adoption of Benelux Power Tools Market Size, Share 2032: Present Scenario and Growth Prospects
Power tools continue to witness steady demand in Benelux, with 10 million units expected to be shipped in 2016, up from 9.8 million units in 2015 – a y-o-y growth rate of 2.5%. The Benelux power tools market was valued at US$ 826.4 million in 2015, and is expected to reach US$ 859.1 million in 2016. Growth …