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The global mayonnaise market is expected to grow at a CAGR of 4.65%, reaching a market size of US$17.456 billion in 2029 from US$13.909 billion in 2024. Mayonnaise is a type of thick and creamy sauce or dressing that consists of oil, egg yolks, lemon juice or vinegar, and seasonings. Mayonnaise can be considered an emulsion as well since it is the combination of two liquids that normally cannot be combined. Mayonnaise is known for being used as dressing or sauces with
The Fruit concentrates market is expected to grow at a CAGR of 4.31%, reaching a market size of US$58.338 billion in 2029 from US$47.247 billion in 2024. Fruit concentrates are produced from the removal of water from freshly squeezed fruit and vegetable juice. It is commonly used as a base stock for various types of applications in food products.
The Pastry market is expected to grow at a CAGR of 5.63%, reaching a market size of US$60.169 billion in 2029 from US$45.755 billion in 2024. A Pastry is a baked food product that is commonly produced with dough, water, and shortenings such as solid fats such as butter and lard. Most pastry products are known to have high fat, sugar, and flavouring content and small liquid content. Some of the very well-known pastries worldwide include pies, dough
The margarine market is expected to grow at a CAGR of 7.27%, reaching a market size of US$25.429 billion in 2029 from US$17.905 billion in 2024. Margarine is a type of food product that is commonly made from one or more vegetable or animal fats or oils, in which the aqueous portion containing milk products are dispersed, which can be either solid, fluid, salt, or other ingredients similar to them. It is commonly known to be used in cooking as a spr
The asafoetida market is expected to grow at a CAGR of 8.8%, reaching a market size of US$850.835 million in 2029 from US$558.839 million in 2024. Asafoetida is a pungent resin extracted from the roots of the Ferula plant. This distinctive spice has been used for centuries in traditional medicine and culinary practices across different cultures. It provides numerous health benefits and is traditionally used to treat digestive problems such as bloating, indigestion, an
Fermented dairy products are products that have undergone a fermentation process, which involves the action of specific bacteria or yeast cultures on the dairy product. Fermentation of dairy provides a wide range of benefits, which include digestibility, enhanced flavour, probiotics, vitamins and minerals, and preservation of food with short shelf life.
The shock wave therapy market is anticipated to expand at a high CAGR over the forecast period. Shock wave therapy, also known as extracorporeal shock wave therapy (ESWT), is a non-invasive medical treatment that utilizes high-energy shock waves to stimulate healing and reduce pain in various musculoskeletal conditions. The technique involves delivering acoustic waves to the targeted area, promoting increas
The generic pharmaceuticals market was valued at US$309.147 billion in 2022 and is expected to grow at a CAGR of 9.62% during the forecast period. A generic medicine is a prescription medication that is made to be identical to a brand-name drug that has previously been approved for marketing in terms of dose form, potency, mode of administration, and intended purpose. These parallels serve to illustrate bioequivalence, which states that a generic drug functions simila
The custom software development market is expected to grow at a CAGR of 7.28%, increasing from US$8.156 billion in 2022 to reach US$13.339 billion in 2029. Custom software development is a comprehensive process that encompasses various stages to ensure the creation of tailored software solutions. It is a dynamic approach that involves catering to the unique requirements of a specific organization or individual, allowing for flexibility and adaptability. Unlike pre-pac
The factoring services market was valued at US$3078.223 billion in 2022. Factoring services, a form of financial service, present an avenue for businesses to augment their cash flow by selling accounts receivable to a third-party entity, referred to as a factor, at a markdown. Consequently, the factor then undertakes the responsibility of pursuing payments from the business's clientele. This mechanism proves advantageous, particularly for enterprises grappling with li
The rough terrain forklifts market is projected to show steady growth during the forecast period. A rough terrain forklift is a type of forklift designed to operate in difficult and uneven outdoor conditions and is equipped with durable tires, higher ground clearance, and robust suspension systems to navigate rough and uneven terrains such as construction sites, lumber yards, and outdoor storage areas. These advanced forklifts can carry heavy loads of up to
The large language model market is anticipated to grow significantly over the forecast period. Large Language Models (LLMs) are AI models trained on large amounts of text data, utilizing deep learning methods to create natural language writing that resembles human language patterns and structures. LLM uses deep learning architectures, such as transformer-based ones, to analyze and create natural language text from large datasets, improving their grasp of context, gram