Market revenue in 2024 | USD 1,489.9 million |
Market revenue in 2030 | USD 2,217.3 million |
Growth rate | 6.9% (CAGR from 2025 to 2030) |
Largest segment | Food & beverage |
Fastest growing segment | Cosmetics |
Historical data covered | 2018 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Food & Beverage, Cosmetics, Pharmaceutical, Nutraceuticals |
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Name | Profile | # Employees | HQ | Website |
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Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
North America | 295.0 | 314.5 | 335.4 | 357.6 | 381.3 | 406.6 | 433.8 | 462.8 | 494.0 | 527.1 | 562.7 | 600.7 | 641.3 | 6.7% |
Europe | 224.9 | 240.2 | 256.6 | 274.1 | 292.8 | 312.8 | 334.3 | 357.3 | 382.0 | 408.4 | 436.8 | 467.1 | 499.6 | 6.9% |
Asia Pacific | 267.9 | 286.6 | 306.6 | 328.0 | 350.9 | 375.3 | 401.7 | 430.0 | 460.4 | 492.9 | 527.8 | 565.2 | 605.3 | 7.1% |
Latin America | 135.2 | 144.4 | 154.2 | 164.6 | 175.8 | 187.7 | 200.5 | 214.2 | 228.9 | 244.7 | 261.5 | 279.6 | 298.9 | 6.9% |
MEA | 83.4 | 88.6 | 94.1 | 99.9 | 106.0 | 112.6 | 119.6 | 127.1 | 135.1 | 143.5 | 152.5 | 162.1 | 172.3 | 6.3% |
Overall | 1,006.3 | 1,074.2 | 1,146.8 | 1,224.2 | 1,306.8 | 1,395.0 | 1,489.9 | 1,591.5 | 1,700.3 | 1,816.6 | 1,941.3 | 2,074.6 | 2,217.3 | 6.9% |
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