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Optimum usage of vertical space and energy utilization, ease in monitoring and harvesting of crops and limited availability of arable land are driving growth in the global vertical farming market.
The global vertical farming market generated $2.23 billion in 2018, and is estimated to generate $12.77 billion by 2026, growing at a CAGR of 24.6% from 2019 to 2026, according to a report by Allied Market Research, Portland, Ore.
The global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025, according to research published by Allied Market Research, Portland, Ore.
The global frozen bakery products market generated $33.87 billion in 2017, and is expected to reach $49.11 billion by 2025, growing at a CAGR of 4.2% from 2018-2025, according to a report published by Allied Market Research, Portland, Ore.
The high demand for ultra-premium ice creams, rise in disposable income, proliferation of online food delivery platforms and increase in availability of lactose-free ice creams are expected to propel the growth of the global ice cream market.
The global ice cream market garnered $70.8 billion in 2017, and is estimated to reach $97.3 billion by 2023, growing at a CAGR of 5.4% from 2017-2023, according to “Ice Cream Market by Sales Type (Impulse Ice Cream, Take-home Ice Cream, and Artisanal Ice Cream): Global Opportunity Analysis and Industry Forecast, 2017-2023,” a study released by Allied Market Research, Portland, Ore.
High demand for packaged foods and processed meat products, increased concerns for food safety, technological advancements in the food processing industry and aggrandized need for automated processing systems are expected to drive the growth of the global meat processing equipment market, according to a study released by Allied Market Research, Portland, Ore.
The global foodservice equipment market generated $31.09 billion in 2017, and is expected to reach $50.04 billion by 2025, registering a CAGR of 6.40% from 2018-2025, according to a report published by Allied Market Research, Portland, Ore.
The dairy processing equipment industry is expected to grow at a robust pace through 2025, according to a report released by Allied Market Research, Portland, Ore.
Increasing cases of foodborne illnesses due to food contamination and rising consumer inclination toward better quality and safe food are expected to fuel the demand for pathogen testing in the global food safety testing market by the end of forecast period, according to a report published by Allied Market Research, Portland, Ore.
The global food processing machinery market was valued at $52,787 million in 2016, and is projected to reach at $68,882 million by 2023, growing at a CAGR of 3.9% from 2017 to 2023, according to a new report published by Allied Market Research, Portland, Ore.
The global yogurt market is projected to reach $107,209 million by 2023 from $77,679 million in 2016, growing at a CAGR of 4.6% from 2017 to 2023, according to a new report by Allied Market Research.