The global pet care market is expected to experience a CAGR of 5.3% during the forecast period of 2024 to 2032, driven by the increasing adoption of pets and growing pet ownership across the world. The market encompasses various products and services aimed at catering to the needs of pets, including food, accessories, healthcare products, grooming services, and pet insurance. In terms of market revenue, the pet care industry has witnessed significant growth, with a steady increase in consumer spending on pet-related products and services.
The collagen casings market is expected to grow at a CAGR of 6% during the forecast period of 2024 to 2032, driven by the expanding meat processing industry and the rising demand for convenient and ready-to-eat food products. Collagen casings are widely used in the production of sausages, salamis, and other processed meat products, offering numerous advantages over natural casings. In terms of market revenue, the collagen casings market is expected to witness continued growth over the forecast period. One of the key factors driving the market is the increasing consumption of processed meat products.
The passenger baggage reconciliation system market is expected to grow in the coming years due to the rising focus on ensuring passenger safety and enhancing the airport experience. The global passenger baggage reconciliation system market is expected to grow at a CAGR of 10% during the forecast period of 2024 to 2032. The passenger baggage reconciliation system is a software-based solution used to track passenger baggage throughout the airport journey, from check-in to baggage claim.
The market for rotary encoders is anticipated to expand at a CAGR of 8.5% during the forecast period of 2023 and 2031. Increasing industrial automation across a variety of industries is driving the demand for rotary encoders. Rotary encoders are utilised in numerous industries, including automotive, aerospace, manufacturing, and others.
The global market for canned seafood market is expected to grow at a CAGR of 6% during the forecast period of 2024 to 2032. The expansion of the industry is predicted to be driven by the rising demand for ready-to-eat seafood due to the improvement of the distribution infrastructure. According to the United Nations Food and Agriculture Organization, imports of canned tuna into the U.S. climbed by 15% in 2020.
The global bedroom linen market is projected to expand at a CAGR of 8% during the forecast period of 2024 to 2032. The housing and hospitality industries' expansion is a major contributor to the growth of this industry. Moreover, the increasing propensity to spend on home furnishings is also a factor driving the industry's expansion. According to an article by Hotel Tech Report, until October 2021, 665 net hotels and 85,306 rooms had opened in the United States.
The automotive roof systems market is expected to grow at a CAGR of 6% during the forecast period of 2023 to 2031. The market is expanding due to factors such as the rising demand for premium automobiles, the development of material technology, and the increasing consumer desire for convertible roof systems in developing nations.
The global asthma monitoring devices market is expected to grow at a CAGR of 7.2% during the forecast period of 2024 to 2032. The global asthma monitoring devices market is driven by the increasing prevalence of asthma, the development of new and improved asthma monitoring devices, the increase in the geriatric population, and the increased adoption of advanced monitoring devices, such as smart inhalers.
The global market for aneurysm clips is anticipated to expand at a CAGR of over 7% during the forecast period of 2024 to 2032. Rapid development in information dissemination via the Internet has significantly contributed to the adoption of aneurysm clips and disease treatments. Clinical management information, availability of aneurysm clips, pricing, defects in aneurysm clips material biocompatibility, physician feedback, R&D, etc., are all available to the general public via open-source websites.
The global market for amino acids is projected to expand at a CAGR of 7.5% during the forecast period of 2023 and 2031. This is a result of increased consumer spending capacity and growing awareness of healthy lifestyles and preventive care among individuals. In dietary supplements, amino acids are used to reduce muscle pain and fatigue, as well as the risk of cardiovascular disease.
