Monday, February 7, 2022

Extruded Snacks Market to See Massive Growth by 2026

  The report "Extruded Snacks Market by Type (Simply extruded, Expanded, Co-extruded), Raw Material (Wheat, Potato, Corn, Oats, Rice, Multigrain), Manufacturing Method (Single-screw, Twin-screw), Distribution Channel, and Region - Global Forecast to 2026" The global extruded snacks market size is projected to reach USD 65.2 billion by 2026, from USD 48.3 billion in 2019, recording a CAGR of 4.4% during the forecast period. The busy lifestyles that result in lesser time to cook meals and an increase in disposable income are projected to drive the extruded snacks industry growth during the forecast period.


The market for extruded snacks across the globe is dominated by snacks made from wheat, by raw material.

The wheat segment in the extruded snacks market is estimated to account for the largest share in 2019. Wheat is low in fat and carbohydrates as compared to potato and corn, and high in dietary fibers. Wheat is gaining popularity as a healthy snack option, and manufacturers have been developing products in a wide range of flavors. Companies are also marketing their products by targeting consumers who prefer such healthy snacks and are providing healthier alternatives by replacing conventional raw materials, thereby boosting the overall growth of the extruded snacks market.

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The market for expanded snacks is projected to record the highest CAGR during the forecast period.

The expanded snacks segment in the market for extruded snacks is projected to grow at a significant rate. Many multigrain snacks of high fiber and nutrient content fall under this category. The rise in health awareness has increased the popularity of expanded snacks. Consumers have started to prefer snacks that are mostly baked or roasted. Many ingredients, such as corn, multigrain, and rice, are used for these snack productions. These snacks are low in bulk density and are popularized as high-fiber and low-calorie healthy snacks.

The snack sale through the hypermarkets and the supermarkets is estimated to be the highest due to the increasing number of such outlets across the globe.

Among the distribution channels, hypermarkets & supermarkets are estimated to form the largest segment in 2019. It is projected to be the largest as well as the fastest-growing market during the forecast period. The wide range of varieties offered and the advantage of real-time comparison among brands for consumers are the prime reasons for the success of hypermarkets and supermarkets in the overall market for extruded snacks. Also, these formats not only support the on-the-go snacking trend, but also support impulse purchases.

The extruded snacks market in the Asia Pacific region is projected to grow at the highest CAGR from 2019 to 2026.

Factors driving the growth of the Asia Pacific market include the increasing adoption of the Western culture in the region, growing disposable income, and on-the-go snacking trend among the urban population due to busy lifestyles. Due to the developing economic conditions across a majority of the countries, consumers in the region prefer the consumption of cheaper products, and hence, mostly opt for generic or domestic brands. Due to the growing trend of hypermarkets & supermarkets within the region, the availability of such snacks has become much easier, which is further bolstering the market growth in Asia Pacific.

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Key Market Players:

Many domestic and global players provide extruded snacks of various types across the world. Major manufacturers have their presence in the North American and European countries. Key players operating in this market include Calbee, Inc. (Japan), PepsiCo, Inc. (US), Kellogg Company (US), Campbell Soup Company (US), General Mills, Inc. (US), ITC Limited (India), Grupo Bimbo, S.A.B. de C.V. (Mexico), Old Dutch Foods Inc. (US), Lorenz Snack-World (Germany) , Amica Chips S.p.A. (Italy), Universal Robina Corporation (Philippines), Balance Foods, Inc. (US), JFC International (US), Ballreich Snack Food Company (US), Barrel O’ Fun Snack Foods Co., Inc. (US), Chipita S.A.(Greece), Tropical Heat (Kenya), Griffin’s Foods Limited (New Zealand), ICA Foods International (Italy), and San Carlo (Italy).

Thursday, February 3, 2022

Latest Innovation in Global Dairy Processing Equipment Market

 According to the report “Dairy Processing Equipment Market by type (Pasteurizers, Homogenizers, Mixers & Blenders, Separators, Evaporators & Dryers, Membrane Filtration Equipment), Mode of Operation (Automatic and Semi-Automatic), Application, and Region – Global Forecast to 2026“, published by MarketsandMarkets™, the global Dairy Processing Equipment Market size is estimated at USD 9.6 billion in 2021 and is projected to grow at a CAGR of 6.0% to reach USD 12.8 billion by 2026. The market has a promising growth potential due to several factors which include the rising production and consumption of milk and other dairy products along with increased automation in dairy product manufacturing.


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Processed milk is estimated to account for the largest market share in the by application for dairy processing equipment market.

The demand for processed milk has a major contribution to the growth of the dairy processing equipment market owing to its huge consumption in tropical countries. Additionally, technological advancements and investments in the dairy industry have been the major factors that have driven the growth of the global dairy processing equipment market for processed milk.

Pasteurizers, by type is estimated to account for the largest market share of the dairy processing equipment market over the forecast period.

The concern for consuming safe dairy products has increased, especially due to the current pandemic situation of COVID-19. This has increased the demand for pasteurizers in the market. Pasteurizers are used to kill the pathogens by providing heat and cold treatment simultaneously. Pasteurizers are available in various types, like batch pasteurizers, high-temperature short time pasteurizers, and ultra-high temperature pasteurizers.

Browse in-depth TOC on “Dairy Processing Equipment Market“

242 – Tables
62 – Figures
291 – Pages

Europe is projected to be the second largest market for the forecast period.

The European region accounted for the significant share of the dairy processing equipment market and was estimated to be USD 2,527.2 million in 2021. The dairy products from the European region are exported to most of the regions of the world. Europe has granted reduced tariff preferences to a reasonable number of countries and currently, only a few match EU standards with regard to dairy product quality. By the support of logistics industries, Germany has accounted as the largest producer of milk.

According to the Organization for Economic Co-operation and Development (OECD), Germany was accounted as the largest producer of milk in the EU in 2017. The logistics industry plays an important role in the German dairy sector in procuring the raw milk from the farm, supplying the processed milk and products to processors of consumer products, and reaching the retailers or distributors. According to the Global Dairy Trade Portal, cheese was the main export product of the German dairy industry in 2016 and 2017.

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Key Players:

Many domestic and global players provide dairy processing equipment to improve animal health and performance. Major manufacturers have their presence in European and Asian countries. The key companies in the dairy processing equipment market are GEA Group (Germany), SPX FLOW, Inc (US), Tetra Laval International S.A. (Switzerland), Alfa Laval Corporate AB (Sweden), John Bean Technologies Corporation (JBT) Corporation (US). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the dairy processing equipment market.

Tuesday, February 1, 2022

Ketones Market: Business Opportunities and Global Industry Analysis

  The ketone market size is estimated to be valued at USD 443 million in 2019 and is projected to be worth USD 640 million by 2025, recording a CAGR of 6.3% during the forecast period. The demand for supplements among consumers and sports athletes remain high to increase energy and tolerance for intense workouts. In addition, the changing lifestyles of consumers for being preventive and proactive for their health is a major factor that is projected to drive the growth of the global ketone market over the next few years. Due to the increasing trend among the younger population and sports enthusiasts of consuming caffeine-containing products or energy drinks that increase energy levels and improve the performance, the ketones market is projected to record significant growth during the forecast period. In addition, due to the rise in health awareness among consumers pertaining to the ill effects of caffeine on the body, ketone-based food & beverage products are projected to witness high demand in the market.


By application, the supplement segment is projected to dominate the ketone market during the forecast period.

Ketone supplement is the most common type of ketone. The increase in the use of ketone supplements among sportspersons and athletes is one of the major factors that is projected to drive the growth of the supplement segment. In addition, the increase in per capita income and the rise in the geriatric population have led the people to invest in the healthcare sector. Consumers are becoming more health-conscious and increasingly aware of the healthcare sector. These factors are projected to drive the growth of the ketones market during the forecast period.

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By form, the solid segment is projected to dominate the ketone market during the forecast period.

The solid form of ketones is readily available for use and is convenient to carry as compared to the liquid or semi-liquid form. In addition, it has enhanced shelf life as compared to the liquid and semi-liquid forms. Many times, a blender is required to mix liquid ketone supplements. However, these blenders are not required in the case of solid ketones, which makes it easy to use. There are cases of gastrointestinal disorders while using the liquid ketones for the initial days but there is no such complication with solid form. Due to these factors, the solid form remains a more preferred alternative among consumers.

The increasing demand for ketones in North America is projected to drive the growth of the ketone market.

The US remains a major market in the North American region for ketones. The rise in the number of obesity cases in the North American region is attributed to the increase in the popularity of ketone supplements and food & beverage alternatives for losing weight. These factors are further projected to drive the growth of the ketone market. In addition, eateries and restaurants in the region are also providing ketone-based food and beverages options due to the high demand among consumers, which is projected to drive the growth of the ketones market.

The key players in this market include HVMN Inc. (US), Perfect Keto (US), KetoLogic (US), BPI Sports (US), and Pruvit Ventures, Inc (US). New product launches, expansions & investments, joint ventures, agreements, and partnerships were some of the core strengths of the leading players in the ketones market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other players in the ketones market include KetoneaAid Inc. (US), Compound Solutions, Inc (US), Sapien Body (US), Zhou Nutrition(US), Know Brainer Foods (US), Finaflex (US), Ion Labs (US), Keto and Company (US), Boli Naturals (US), Nutrex Research (US), Ancient Nutrition (US), Zenwise Health (US), Ketond Llc (US), Union Pharmpro Co Ltd (China), Volkem Chemical LLP (India), JustNutra (US), JW Nutritional Llc (US), Slimfast Keto (US), VMI Sports (US), and Evlution Nutrition (US).

HVMN (US) is one of the major players in the global ketones market. It is a US-based producer of ketone-based products for various applications, such as food & beverage and supplements. To expand its business, the primary strategy opted by the company was to expand its product offerings and collaborate with top researchers and organizations to invent and develop new products. H.V.M.N. Ketone Ester is their flagship product, and it is the first ketone ester drink in the world that is scientifically proven to improve the metabolic performance of consumers. The company has its own patented ketone ester technology that is protected exclusively by HVMN. All the manufacturing facilities are located in the US and comply with the cGMP regulations that are specified by the FDA.

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Perfect Keto (US) is one of the major players in the ketones market. The company operates through three business segments, namely, keto essential, snacks & nutrition, and energy & performance, and offers various types of ketone-based food & beverages products. It offers clean label ingredients, and the main focus of the company is to improve the health of consumers by providing various ketone-based products. Ketone-based food products offered by the company encourage better health, mental clarity, and fat loss. The main strategy opted by the company was to launch new products, due to which the company is focusing on establishing itself as an innovative brand and gaining a foothold in the US keto market.

Larvicides Market : Business Opportunities and Global Industry Analysis

  An increase in the occurrence of diseases, particularly in developing countries, has increased the focus on the control of pests, worldwide, thus fuelling the overall growth of the larvicides market. Using larvicides is an effective method of reducing the number of larvae, and, in turn, adult insects that disperse, have the potential to spread disease, and lay eggs that increase the pest population. The larvicides market is projected to reach USD 952.7 million by 2023, at a CAGR of 4.86% from 2018.


Advances in the development of new microbial-based larvicides and insect growth regulators are expected to play a significant role in the market growth of larvicides. Microbial formulations are extremely effective in multiple habitats and are safe to non-target organisms. Many chemicals, including IGRs such as pyriproxyfen, diflubenzuron, and spinosad, which were previously being used in agricultural, are now being used as larvicides in vector control. However, the development process of larvicides for public health use is lengthy, expensive, and unprofitable. Improved regulatory governance of larvicides could remove the barriers faced by the companies, and thus, spur the development and commercialization of new larvicides.

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The outbreak of diseases such as Zika fever, dengue, chikungunya, and yellow fever has increased the focus on mosquito control, worldwide. The latest outbreak caused by mosquitoes was the Zika virus outbreak (transmitted by mosquito species A. aegypti and A. albopictus) in the Americas, in 2017. In order to prevent or control such situations, many government authorities have regulations on public health and sanitation in place. Such regulations have a positive impact on the overall larvicides market due to their proven efficacy, cost-effectiveness, environmental impact, and sustainability. Thus, the public health sector compared to other sectors is projected to grow at the highest CAGR during the forecast period.

Diseases transmitted by mosquitoes have become a major concern in Asian and South American countries. In Africa, mosquito bites can be lethal, as they are vectors of many diseases such as malaria, dengue, and chikungunya; thus, the market for larvicides in mosquito control is projected to grow at the highest rate during the forecast period.

Asia Pacific is projected to be the fastest-growing region in the larvicides market from 2018 to 2023. Diseases such as malaria (Plasmodium falciparum and P. vivax), dengue fever, dengue hemorrhagic fever, and schistosomiasis are widespread, in the region, due to the tropical climate in Asian countries. Rise in urbanization and increase in population density also increase the chances of disease transmission due to insect attack. The growing livestock and housing markets in the region are also favoring the development of the larvicides market. Thus, larvicides are being used in Asian countries for both pre-elimination and control of diseases transmitted by insects and nematodes.

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The various contributors involved in the value chain of the larvicides market include raw material suppliers, R&D institutes, larvicides manufacturing companies such as BASF (Germany), Bayer (Germany), Sumitomo Chemical (Japan), Adama (US), and Certis (US) and government bodies & regulatory associations such as the US Department of Agriculture (USDA).

Monday, January 31, 2022

Pea Protein Market Will Hit Big Revenues In Future

 According to the report "Pea Protein Market by Type (Isolates, Concentrates, and Textured), Form (Dry and Wet), Source (Yellow split peas, Lentils, and Chickpeas), Application, and Region (North America, Europe, APAC, South America and RoW) - Global Forecast to 2026", published by MarketsandMarkets™, the market for pea protein is estimated at USD 844 million in 2021; it is projected to grow at a CAGR of 13.5% to reach USD 1,588 million by 2026.



The pea protein market is primarily dominated by the North American and European markets that host a large production and consumer base. In this instance, Canada is the world's largest producer of dry peas and legumes, with a strong export capacity of 85% of its total production. The United States is also scaling up its production capacity as a means to reduce dependency on imports. Pea protein is among the most versatile ingredients and can be formulated into beverages, food products, snacks, and even functional foods in different forms. Given the high prices of pea protein, the market has remained popular in developed markets, with high disposable incomes and demand.


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The textured proteins segment by type is projected to achieve the fastest growth in the pea protein market.


The textured pea protein contains an excellent amount of amino acid and has better levels of lysine and glutamine than other plant-based proteins. Textured pea protein is a healthy alternative to textured soy protein, removing both the allergenicity issues, sustainability issues, estrogen issues, and concern over GMO (Genetically Modified) soybean. The ingredient also contains both soluble and insoluble fiber, mostly constituted by pectic substances and hemicellulose. Thus their use is increasing in the global pea protein market.


By form, the dry segment is estimated to account for the largest market share in the pea protein market.


The dry form is prevalent in the global pea protein markets due to their popular use in snacks and confectionery industries. These are some of the fastest-growing industries in developed as well as developing nations and the use of dry protein powders is steadily rising in these. Further the supply of raw material for the production is also abundant and economic, which further drives their use.


The liquid sub-segment by form is estimated to account for the largest market share of the pea protein market over the forecast period.


Liquid pea proteins are manufactured on large industrial scale levels and also can be developed according to the increasing demands without further addition to manufacturing costs. While dry pea proteins are equally as effective they need further costs for conversion of liquid forms to dry. Which is a cost for manufacturers and hence liquid form is estimated to dominate the market.


The functional foods segment is estimated to observe the fastest market growth in the pea protein market during the forecast period.


There is a growing awareness among consumers regarding the benefits of plant-based protein sources, which has driven them toward purchasing pea-based products. According to DuPont Health and Nutrition, a consumer survey in the US recorded a response of 52% of consumers adopting plant-based foods into their diet and almost 60% of respondents admitting to permanently switching to a plant-based diet. This showcases a paradigm shift that manufacturers are adopting for their performance nutrition business.


The yellow split pea proteins source is estimated to account for the largest market share in the global pea protein market


Yellow split peas are primarily consumed in the North American and European regions, where the large manufacturer base and subsequent product market have helped improve the outlook of consumers for the use of yellow split peas in the region. Manufacturers are also directing their efforts toward building a strong supply of raw material to meet the production demand for pea protein through investments in regional players and the construction of processing facilities.


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Europe is estimated to be the largest market.


The rising vegan population in Europe is a key driver for the increased consumption of pea protein. The region also has major industry participants in the pea protein market, including Rouquette Freres (France) and the Cosucra Group (Belgium). Once considered a fringe of the overall population, veganism has grown exponentially in the country and now represents a considerable share of the population. Key factors encouraging this change include increasing concerns over sustainability and a high prospect of good health practices.


Key Players:


Key players in this market include Rouquette Freres (France), Ingredion (US), Puris Foods (US), Emsland Group (Germany), Fenchem Inc (China), DuPont (US), The Green Labs LLC (US), A&B Ingredients (US), Glanbia PLC (Ireland), The Scoular Company (US), Axiom Foods Inc (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Friday, January 28, 2022

Environmental Testing Market : Business Opportunities and Global Industry Analysis

  The global environmental testing market size is estimated to be valued at USD 8.3 billion in 2020 and projected to reach USD 12.1 billion by 2025, recording a CAGR of 7.9% during the forecast period. The demand for shrink film for environmental testing is increasing significantly, due to the various regulations of government and increased in the awareness among consumers regarding environment.


Market Dynamics

Driver: Increase in the stringency in regulations related to environmental protection

Environmental regulations have had enormous benefits in terms of lives saved and illnesses averted, especially through reductions in airborne particulates. Environmental regulations have greatly improved air and water quality, especially in areas that were dirtiest before the regulation. Regulations and legislations set forth by government organizations have triggered the testing, inspection, and certification of environmental samples tested by the government and manufacturing companies. Regulatory bodies have introduced guidelines for regulating the inspection, sampling, and testing services of environmental samples to detect the presence of pollutants and contaminants. These bodies have introduced various programs to generate awareness and set testing specifications to ensure the safety of the environment and reduce the health risks associated with a polluted environment.

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Restraints: High capital investment for accurate and sensitive analytical testing

High costs and extensive sample preparation require laboratory analysts to use advanced testing technologies. A wide range of existing testing methods and the introduction of advanced technologies to conduct testing of environmental samples have resulted in an effective change in environmental testing. Liquid chromatography, high-performance liquid chromatography, and spectrometry are the advanced technologies that are used for environmental testing. Technologies are sensitive, accurate, and efficient. However, the mentioned technologies have a high cost of the equipment, extensive sample preparation, and calibration issues, which are a restraint to market growth. Most of the analytical methods are suitable for only certain samples such as soil, water, and effluent, while other methods are used for testing air samples. However, the cost of these tests is very high, which significantly leads to the need for higher capital investments, which, in turn, is the hindering factor for market growth.

Opportunities: Increase in industrial activities in emerging markets

Increase in industrialization in regions such as the Asia Pacific and Africa has increased awareness among the people regarding environmental pollution and degradation. This has resulted in the implementation of numerous environmental protection acts, which are the key opportunity for the environmental testing market. Because of the increase in pollution and environmental contamination, several amendments and new environmental safety standards are expected to be set up mainly in the developing economies such as Asia Pacific regions in the next five years. The progressive development of new testing methods for testing samples of contaminants such as pesticide residues, heavy metals, and organic chemicals is expected to play an important role in promoting the growth of the market.

Challenges: Lack of basic supporting infrastructure

Testing & certification practices in several developing countries lack organization, sophistication, and technology. The lack of basic supporting infrastructure for setting up testing laboratories acts as a major challenge to the growth of the market. Testing services in some areas of developing regions also face the challenge of obtaining samples from manufacturing companies, as they are fragmented and dominated by small enterprises.

There are several key issues, such as the lack of institutional coordination; shortage of equipment and technical skills & expertise for the implementation of legislation at grass root levels; and the lack of updated standards; which hinder the market for environmental testing. Good manufacturing practices (GMP) are required to ensure cooperation between manufacturing companies and government testing services. Lack of these has been acting as a bottleneck in the growth of the market. With substantial support from governments, there can be some growth in the market, majorly in developing regions such as the Asia Pacific and Africa.

North America is the dominating market for Environmental testing as it is crucial in present scenarios of industrialization, where the prevalence of contaminants and pollutants is high. Government and non-government agencies have laid down stringent plans for markets, which the organizations have to adhere to in every possible sector. The increase in demand for resources, such as drinking water, building material, and fuel is on its peak. As a result, the need for environmental testing services and certification is dominating in the region.

The presence of various environmental governing organizations in the US is driving the growth of the environmental testing market through the implementation of various environmental protection policies. The number of testing laboratories has doubled in the major regions, such as North America and Europe, in the last few years, aiming to safeguard the environment. The regulatory bodies in the regions are closely monitoring the safety and quality of the environment to establish environmental safety across the geographies.

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Wastewater/effluent is the dominating sample segment for environmental testing market. Since a lot of wastewater/effluent is generated by all industrialization process in the developed economy of North America, the government encourages the wastewater recycling to meet the increasing water demand. Therefore, the region is a dominant market for testing of wastewater/effluent.

Water is the fastest growing sample segment of environmental testing market. A wide range of testing is provided by the environmental testing firms to analyze and certify water for different purposes, such as groundwater, wastewater, and drinking water. The testing companies look for aquatic toxicity, the presence of harmful microorganisms, and various unwanted organic and inorganic compounds in the water, which can be harmful to the consumption or environment

Monday, January 24, 2022

Grain Protectants Market Will Hit Big Revenues In Future

 The grain protectants market is estimated to be USD 572.7 million in 2018 and is projected to reach USD 726.1 million by 2023, growing at a CAGR of 4.86% from 2018. The grain protectants market is driven by the need to reduce grain losses during storage and the growing market pressure on farmers to gain better grain prices during the post-harvest stage. However, the increasing insect pest resistance to certain active substances and stringent regulations on maximum residue levels (MRLs) emphasize the need to develop new active substances that are more effective and less hazardous to the environment and human health. Investment in R&D for the introduction of new products would be an area of focus in coming years, due to the increasingly positive effects of some biologically sourced products such as INSECTO and Protect-It. These products contain diatomaceous earth (silicon dioxide) and are recognized as an essential component of Integrated Pest Management (IPM) for stored products.


Certain pest species have developed resistance to chemicals such as organophosphates, pyrethroids, carbamates, and certain other agents such as methoprene and even the biological agent Bacillus thuringiensis. There have been perilous situations in certain regions wherein the insect populations have developed multiple resistance abilities toward protectant chemicals, leaving no options for the use of any effective protectants.
The increasing cost of development and registration of active ingredients would have impact on the market growth,. Currently, a gradual shift is being witnessed from chemical-based pest management to IPM systems, owing to the biological, economic, and sociological influences.

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In terms of control methods, the chemical segment is projected to grow at the highest rate from 2018 to 2023, owing to the higher prices and effectivity of chemicals. However, the safety of stored grains cannot depend on a single method due to several factors surrounding post-harvest storage. These factors include pest infestations, pest resistance to the grain protectant chemicals, climatic conditions, and storage conditions. Thus, advanced systems such as integrated pest management (IPM) would be effective in maintaining the quality of stored grains for a longer period.

North America is projected to be the fastest-growing region in the grain protectants market from 2018 to 2023. The region has a major presence of grain protectant manufacturers and has a high demand for corn-based products. Multinational companies are also focusing on marketing their products and services of grain protectants in these regions, through expansions and new product launches, to gain a larger share of the market. Entostat, a proprietary wax micro powder product manufactured by Exosect, has shown unique electrostatic properties.

These natural physical properties have the ability to enhance the target delivery platform for synthetic and biological active ingredients. IPM involves managing the pest population through physical and biological control method techniques; and most of the times, the intervention through chemical insecticides is also required. Various other approaches in the IPM can be utilized for efficient management of insect pests in stored grains. Therefore, strong adoption of IPM practices globally could prove to be a good opportunity for the growth of the grain protectants market.

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The global market for grain protectants is dominated by key players such as Bayer (Germany), Sumitomo Chemical (Japan), BASF (Germany), Nufarm (Australia), UPL (India), and DowDuPont (US). These players adopted growth strategies such as expansions and new product launches to gain a larger share of the grain protectants market. Some other key players in the market are Syngenta (Switzerland), FMC Corporation (US), Degesch America (US), Arysta LifeScience Corporation (US), Central Life Sciences (US), and Hedley Technologies (Canada).

Marine Collagen Industry to Reach $1.01 Billion by 2031

  The global marine collagen market is projected to grow from USD 0.74 billion in 2026 and to reach USD 1.01 billion in 2031, at a Compoun...