The eyewear market is projected to reach a valuation of USD 291.00 billion by 2033, up from USD 169.10 billion in 2023. With an increasing number of individuals experiencing vision-related issues, the market is expected to expand at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2033.
According to the World Health Organization (WHO), at least 2.2 billion...
The global earphone market is expected to be valued at approximately USD 12,683.3 million in 2023, fueled by advancements in voice translation and language learning. This trend is set to open new opportunities, resulting in a projected compound annual growth rate (CAGR) of 7.6% from 2023 to 2033, with the market anticipated to reach around USD 26,470.6 million by 2033.
One of the key drivers...
FMI estimates that the zinc methionine chelates market will be valued at USD 14.2 million in 2023, with projections indicating it will grow to USD 27.3 million by 2033, reflecting a CAGR of 6.7%. Zinc is a vital micronutrient necessary for plant growth and development, and zinc methionine chelates can provide a readily absorbable source of zinc for plants. This enhances nutrient uptake, leading...
The global asparagine market is projected to grow at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2032, with revenues anticipated to rise from USD 11.5 billion in 2022 to USD 15.3 billion by 2032.
Asparagine is a non-essential amino acid naturally present in various foods, including dairy products, meats, eggs, fish, and vegetables like asparagus and potatoes, as well as legumes,...
The online grocery market is forecasted to be valued at approximately USD 377.4 billion in 2023 and is expected to grow to USD 3,396.9 billion by 2033. During this period, the market is anticipated to experience a compound annual growth rate (CAGR) of 24.60%.
With the help of AI and customer data, online grocers can offer personalized nutrition plans and product recommendations tailored to...
The indoor farming market is projected to reach a valuation of approximately USD 42,097.4 million in 2023, up from USD 38,783.8 million in 2022. With a robust compound annual growth rate (CAGR) of 9.8% expected during the forecast period from 2023 to 2033, the market is anticipated to grow significantly, reaching around USD 106,963.1 million by 2033.
Traditional outdoor farming is being...
The seafood flavors market is projected to reach a valuation of USD 6.7 billion in 2023, with expectations to grow to USD 9.4 billion by 2033. This growth represents a compound annual growth rate (CAGR) of 3.5% over the forecast period. Key factors driving the increasing demand for seafood flavors include:
Rising demand for novel and innovative seafood offerings in restaurants and hotels...
A study by Future Market Insights estimates that the soy nuts market will grow at a CAGR of 4.2% during the forecast period. The industry's value is projected to increase from USD 1,500.4 million in 2023 to USD 2,264.0 million by 2033. As of the end of 2022, the soy nuts market was valued at USD 1,456.7 million.
The global soy nuts market is experiencing rapid growth fueled by the rising...
The global paint ingredient market is projected to grow at a steady CAGR of 3.2% from 2022 to 2032. The market is expected to be valued at USD 1,630 million in 2022 and is anticipated to exceed USD 2,230 million by 2032. Historical estimates indicate that the market experienced a growth rate of 2.5% from 2016 to 2021.
The growth of the market is largely driven by the increasing popularity of...
By 2023, the hair brush market size is projected to reach a value of USD 4.2 billion. It is predicted to exhibit a consistent CAGR of 7.0% from 2023 to 2033.
By 2033, the market for hair brushes will probably be worth about USD 8.3 billion. A total financial potential of USD 4.1 billion is anticipated over the assessment period.
It is anticipated that...
According to the latest market research from FMI, the global plant-based tuna market is projected to grow at a CAGR of 17% from 2023 to 2033. The market size is expected to reach USD 284 million in 2023, with an anticipated valuation of USD 1,320.6 million by 2033.
Rising public awareness of the health risks associated with animal products, along with ethical concerns about animal agriculture,...
The microalgae market is projected to reach a valuation of USD 11.8 billion in 2023 and is expected to grow to USD 25.4 billion by 2033, reflecting a compound annual growth rate (CAGR) of 8% during the forecast period.
The rising use of marine microalgae ingredients and proteins in aquaculture, pharmaceuticals, and nutraceuticals is set to drive market sales. Additionally, increasing...
According to Future Market Insights (FMI), the personal care wipes market is projected to reach USD 21.82 billion in 2022, with a compound annual growth rate (CAGR) of 5.5% over the forecast period. By 2032, the market valuation is expected to surpass USD 37.27 billion.
Manufacturers in the personal care wipes market are expected to drive growth in end-use industries during the forecast...
In 2023, the global smart mirror market is projected to be valued at around USD 548.21 million, with an anticipated increase to approximately USD 1,183.54 million by 2033. During the forecast period from 2023 to 2033, the growth rate for smart mirror manufacturing is expected to be nearly 8%.
Growth Drivers of Smart Mirror Market
Smart mirrors offer users the convenience of accessing voice...
The global ginseng extracts market is set to witness growth at a CAGR of 4.4% and top a valuation of USD 18,146.7 Million by 2034. Ginseng being a herbal supplement, is used to make functional foods with the extract of its root containing active elements called ginsenosides. The product thus naturally has anti-inflammatory and antioxidants qualities, which helps in improving brain function,...
The global frozen snacks market is set for significant growth between 2023 and 2033. According to a research report by Future Market Insights, the market is projected to exceed a valuation of USD 136,981 million in 2023 and reach approximately USD 250,736.0 million by 2033, reflecting a CAGR of 6%.
This growth is largely driven by increasing consumer demand for convenient foods that offer high...
The estimated global market for setting sprays is around USD 980.5 million in 2024. In 2023, the market was valued at USD 925.9 million. The market is projected to exhibit a CAGR of 6.10% and reach USD 1,772.6 million by 2034.
Post-pandemic, there is a growing emphasis on personal care, especially self-grooming products and solutions, that give a better...
The golf shoes market is hovered for considerable growth over the forecast period, with an expected increase from USD 8,815.9 million in 2024 to USD 14,303.4 million by 2034, driven by the rising number of golfers worldwide. The industry is forecasted to exhibit a compound annual growth rate (CAGR) of 5% from 2024 to 2034, fueled by increasing golf...
The cheese color market is projected to be valued at USD 371.4 million in 2023 and is expected to grow to USD 940.4 million by 2033. The market is forecasted to expand at a CAGR of 10.60% from 2023 to 2033.
Cheese is a key ingredient in a variety of snack foods, including chips, cheese balls, and spreads, making it a favorite among consumers of all ages.
Cheese preferences often vary based on...
According to research from Future Market Insights, the Carica Papaya Seed Oil market is projected to grow at a compound annual growth rate (CAGR) of 5.4% during the forecast period. The market value is expected to rise from USD 241.5 million in 2022 to USD 408.6 million by 2032. As of the end of 2021, the market was valued at USD 231.1 million and is anticipated to show a year-over-year growth...
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