New Product Development
The district heating market was valued at USD 170 Bn in 2021 and is expected to grow at a CAGR of 4% to approximately USD 260 Bn by 2032. District energy is a rapidly growing industry around the world, fueled by the aggressive climate goals set by the world’s economies. Based on preliminary evaluations, some district heating and cooling companies like …
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According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of soy milk are estimated to reach a value of USD 14.36 Bn by 2032, surging at 8.4% CAGR through the decade. Soy milk is a great substitute for conventional dairy milk because it has an equal amount of protein and low …
The global gluten-free oats market is expected to witness growth at a CAGR of 7.8% in the forecasted period and to be valued more than US$ 334.0 Mn by 2032. Growth in the market is attributed to growing prevalence of food allergies and other types of food gluten sensitivities. Food allergy reactions range in severity from minor …
According to Future Market Insights (FMI), the global canned mushroom market is set to witness growth at a CAGR of 4.9%, surpassing US$ 14.0 Bn by 2032. Lifestyle changes and an increase in the employed population have resulted in a shift in consumer dietary patterns. Consumers prefer processed foods such as canned mushrooms, which are ready-to-eat and …
The global soy beverage market is set to witness growth at a CAGR of 6.2% and is anticipated to reach a valuation of around USD 41.1 Bn by 2032. Soy beverages have become popular among consumers due to their ease of availability and various scientific evidence proving that these beans have numerous health benefits, such as lowering the risk of developing cancer …
According to the recent FMI report, the sales for vegan tuna are expected to surpass a value of USD 426.8 Mn in 2032, rising at a CAGR of around 4.3% through the end of 2032. Nutritionists and seafood customers are both concerned about the Biomagnification process. It increases the risk of cancer, kidney illness, liver disease, respiratory …
Total sales of nonprotein nitrogen are expected to surpass a valuation of US$ 1.6 Bn in 2032, rising at a CAGR of around 4.2% through 2032. NPN is roughly equal to real protein as a nitrogen source in standard dairy and animal feeds have no more than 12 to 13 percent CP, according to the University of Wisconsin’s Department of Dairy …
The global food sterilization equipment market size is projected to total US$ 850 Mn by 2032, with demand growing at a 5.7% CAGR over the forecast period. Increasing concerns regarding food safety in the food & beverage and foodservice sectors across the globe is spurring demand for effective food sterilization equipment. Consumers are getting inclined towards clean label food products and are …
According to a recent thermoplastic pipe market report by Future Market Insights (FMI), the thermoplastic pipe market was valued at US$ 2.5 Bn in 2021, is projected to reach US$ 8.5 Bn by 2032, and is anticipated to grow at a CAGR of around 4.5% over the projected period of 2022-2032. The immediate consequence of the COVID-19 pandemic resulted in a …
According to the recent FMI report, the sales of the food processing equipment market are expected to surpass a value of US$ 69.8 Bn in 2032, rising at a CAGR of around 4.5% through the end of 2032. The growth of packing solutions that are sturdy enough to endure the rigors of manufacturing and transportation has been fueled by rising customer …
