Automated Fare Collection System Market Forecast, Trends Analysis by Fact MR The global automated fare collection system market (자동요금 징수 시스템 시장) is projected to be valued at US$ 11,601.2 million in 2024. With a compound annual growth rate (CAGR) of 14.6% forecasted for the period from 2024 to 2034, the AFC system industry is expected to reach a valuation of US$ 45,156.3 million by 2034.The market is experiencing significant growth, driven by advancements in technology, increasing urbanization, and the need for efficient public transportation systems. AFC systems, which automate the ticketing process, offer numerous benefits including reduced operational costs, enhanced revenue management, and improved passenger convenience. These systems are integral to modern public transport infrastructure, enabling seamless travel across various modes of transportation such as buses, trains, trams, and subways. Want Full Report? Enquire Here-https://www.factmr.com/report/automated-fare-collection-system-market Key benefits that drive adoption include seamless user experience via cashless payments, reduced instances of fare evasion, richer ridership dat and analytics, operational cost savings and support for complex fare plans integrating routes, modes and concessions etc. Market leaders hail from developed regions but Chinese and Indian vendors are achieving traction given large-scale government transit modernization drives.

Food Grade Cellulose Market: Global Analysis Report by Fact MR The global Food Grade Cellulose Market (Margadh Ceallalóis Grád Bia) is estimated to be valued at US$ 402.3 million in 2024. It is projected to grow steadily at a compound annual growth rate (CAGR) of 4.1% through 2034, reaching a valuation of US$ 603.5 million by the end of the forecast period. Increasing consumer awareness and preference for healthier diets drive the demand for food products containing natural and functional ingredients like food-grade cellulose, known for its high fiber content and health benefits. Consumer demand for clean label products with recognizable and natural ingredients aligns with food-grade cellulose, derived from plant sources, meeting the criteria for clean and transparent labelling. Want Full Report? Enquire Here-https://www.factmr.com/report/food-grade-cellulose-market The multifunctional nature of food-grade cellulose (Celulosa de calidad alimentaria), serving as a thickener, stabilizer, emulsifier, and bulking agent in various food applications, contributes to its rising adoption by food manufacturers seeking versatile additives. As the demand for gluten-free alternatives increases, food-grade cellulose becomes essential in providing structure and texture in gluten-free bakery and other products. Ongoing innovations in cellulose derivatives, formulations, and processing techniques drive the development of more effective and efficient food-grade cellulose products, expanding its applications in the food industry. Approval and affirmation of safety by regulatory bodies such as the FDA reinforce confidence in the use of food-grade cellulose, boosting its acceptance and utilization in food products.

Botanical Infused Drinks Market Size, Demand & Growth Report by Fact MR The global botanical infused drinks market (Markt für botanisch angereicherte Getränke) is estimated to be valued at US$ 328.4 million in 2023. It is expected to expand at an impressive compound annual growth rate (CAGR) of 6.4% during the forecast period of 2023 to 2033. Consumption of infused beverages across the globe can be traced back to antiquity. The medicinal power of botanicals is mainly responsible for pioneering the functional beverage market. This makes them an ideal ingredient for manufacturing infused drinks thereby boosting the market growth. Botanicals and beverages have been in close association for ages; however, botanical infused drinks have gained wide acceptance from the millennial population owing to the changing consumer tastes and demand for increased benefits, product transparency from the beverage industry. Want Full Report? Enquire Here-https://www.factmr.com/report/botanical-infused-drinks-market Amongst all factors favouring the sales of botanical infused beverages, exorbitant rates of the ingredients used during the manufacturing process can be a concern for the market growth. Fact.MR suggests that manufacturing affordable infused drinks and expanding their product line according to shifting trends will enable market leaders as well as emerging players to stand out in the competitive beverage industry. Manufacturers incorporating various natural ingredients with an aim to bring the best of nature to everybody’s day-to-day life will ramp up the consumption of botanical infused beverages during the forecast period.