Year: 2022

Global Chocolate Market was valued at USD 46.6 billion in 2021 and is expected to reach USD 65.49 billion by 2028. The market is expected to grow at a CAGR of 4.98% during the forecast period (2022-2028). Westford, USA, Nov. 17, 2022 (GLOBE NEWSWIRE) — The report attributes the growth of the global chocolate market to a number of factors, including the popularity of premium dark chocolate and increased awareness of how healthy dark chocolate can be. In addition, there is increasing demand for cocoa products from growing countries like India and China. Chocolate consumption is also on the extremely high in developed markets such as the United States and Europe, as consumers become more health-conscious and want to find ways to satisfy their sweet cravings without spending a lot of money. This growth has helped increase the share...

Global lithium market size was valued at USD 7.1 billion in 2021, and it is expected to reach a value of USD 15.45 billion by 2028, at a CAGR of 11.75% over the forecast period (2022–2028). Westford, USA, Nov. 17, 2022 (GLOBE NEWSWIRE) — The global demand for lithium market is on the rise. This mineral is essential in the manufacturing of batteries, solar panels and organic chemicals. The Lithium Industry Association (LIA) forecasts that the global demand for lithium will grow from 292 thousand metric tons in 2020 to 2.5 million metric tons by 2030. This increase in demand is due to increased usage of lithium-based batteries in electronics and vehicles. The growing demand for lithium is linked to the growth of electric vehicles. Electric cars require a large number of lithium-ion batteries, which are made from a compound called...

Global rubber market was valued at USD 45.18 Billion in 2021, and it is expected to reach a value of USD 65.73 Billion by 2028, at a CAGR of more than 5.5% over the forecast period (2021-2028). Westford, USA, Nov. 17, 2022 (GLOBE NEWSWIRE) — Global demand for rubber will stabilize in the medium to long term as the macroeconomic environment improves, according to a report from SkyQuest. The forecast predicts that global natural rubber market demand will grow at a CAGR of over 1.5%, reaching 18 million metric tons by 2028. However, this growth rate is lower than what was seen from 2010-2018 due to technological advancements in alternative materials and substitution of certain grades of rubber with others. Growth in the global rubber market is being held back by price volatility and substitution of Rubber-2 (natural) for some grades...

Global palm oil market is valued at USD 63.54 Billion in 2021, and it is anticipated to attain a value of USD 90.61 Billion by 2028, at a CAGR of 5.20 % over the forecast period (2022-2028). Westford, USA, Nov. 17, 2022 (GLOBE NEWSWIRE) — Global palm oil market is forecast to grow at a CAGR of 5.2% through 2021, largely due to increasing demand from Asia and North America. The overall market size is expected to reach 78 million metric tons by the end of 2022, up from 72 million metric tons in 2017. Indonesia is responsible for producing over 57% of the global palm oil, which is followed by Malaysia, which accounted for over 27% of the global market share. Collectively these two countries produced over 61 million tons of palm oil in 2021.   SkyQuest sees two principal drivers for this growth: a rising population in developing countries...