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The global food ingredients market is expected to grow from $38.86 billion in 2020 to $42.88 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The food ingredients market is expected to reach $59.83 billion in 2025 at a CAGR of 8.7%.
Global Serverless Architecture Market will report double digit CAGR during the forecast period. The rising need to optimize the infrastructure cost of the organizations is the major driving factor for the growth of the serverless architecture market
The global food cans market is expected to grow from $24.41 billion in 2020 to $25.91 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%. The food cans market is expected to reach $32.69 billion in 2025 at a CAGR of 6%.
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The global biosimulation market is expected to grow from $2.71 billion in 2020 to $3.17 billion in 2021 at a compound annual growth rate (CAGR) of 17.1%. The biosimulation market is expected to reach $5.29 billion in 2025 at a CAGR of 13.7%.
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Global tea extract market is estimated to grow at impressive rate during the forecast period due to increasing demand for ready-to-drink beverages and the application of tea extracts in cosmetics and nutraceuticals.