According to study by Future Market Insights, the global clinical chemistry enzymes market growth is anticipated to expand at a CAGR of 5.9% over the forecasted time period. The market value is expected to have grown from US$ 3.2 billion in 2023 to US$ 5.7 billion by 2033. At the end of 2022, the market…
The global canned seafood market is projected to have a moderate-paced CAGR of 3.7% during the forecast period. The current valuation of the canned seafood market is US$ 33.6 billion in 2023. The value of the canned seafood market is anticipated to reach a high of US$ 48.2 billion, by the year 2033. Demand for unique and uncommon culinary items grows…
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The global plant-based protein market enjoyed a year-on-year (YOY) growth of 6.7% in 2021 to total sales of US$ 11.3 Billion and is projected to surpass US$ 22.5 Bn in 2032 at a CAGR of 7.2%, according to a market analysis performed by Future Market Insights. The market for plant-based proteins will grow considerably as the productivity of the food…
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In 2023, the value of the dog food market is estimated to reach US$ 45,631 million. According to Future Market Insights (FMI), global sales of dog food are expected to reach US$81,224.9 million by 2033, rising at a CAGR of 6% throughout that time period. Customised dog food products are growing more popular in developed countries, and this trend…
According to Future Market Insights (FMI), global ready to drink coffee market size is estimated to be US$ 26.3 billion in 2022 and expected to reach US$ 42.3 billion by 2032, at CAGR 8.3%. Premiumization is one of the most important drivers in the majority of developed markets. Almost all categories of products have two strands that serve different purposes. The rise…
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The Sports Nutrition Market is experiencing remarkable growth, with its value increasing from US$ 24.8 billion in 2022 to US$ 26.7 billion in 2023. Projections are even more exciting, with an expected value of US$ 61.6 billion by 2033, representing an impressive 11.5% Compound Annual Growth Rate (CAGR) from 2023 to 2033. Rising health consciousness, growing engagement in sports and fitness…
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The dairy alternative market is estimated to be valued at US$ 23,082 million in 2024. The demand for dairy alternatives is projected to rise at a CAGR of 7.3% from 2024 to 2034. The better nutritional value and functional profile of plant-based dairy substitutes are predicted to be a key growth driver for the industry forecast. Nondairy beverages are regarded to…
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The krill oil market valuation is US$ 997.4 Million in 2023 and is rising to US$ 2.7 Billion by 2033. Sales of krill oil are anticipated to grow at a CAGR of 10.5% during the forecast period. In the food sector, krill oil is gaining appeal as a way to deliver healthful gourmet ingredients while also enhancing food quality. Consumers are more…
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The global market for food authenticity testing services is predicted to reach US$ 10112.8 million by 2033, surpassing US$ 5893 million in 2023. According to the report, access to pure and adulterant-free meals has been jeopardised in recent years. Both health-conscious customers and healthcare practitioners have been incensed by the prevalence of food adulteration, mislabeling, and hidden ingredient data….
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The bulk food ingredients market is expected to be valued at US$ 736.90 billion in 2023 and to reach US$ 1,071.8 billion by 2033. During the forecast period, the market is expected to grow at a CAGR of 3.9%. The Bulk Food Ingredients market is expanding rapidly as the food sector adopts more cost-effective and efficient sourcing practises. Bulk food components…
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