查看購物車
  • Simplified Chinese
  • English
  • Japanese
南美洲和中美洲肉食零食市場預測至 2028 年 - 區域分析 - 按類型、來源、類別和配銷通路
市場調查報告書
商品編碼
1420235

南美洲和中美洲肉食零食市場預測至 2028 年 - 區域分析 - 按類型、來源、類別和配銷通路

South & Central America Meat Snacks Market Forecast to 2028 -Regional Analysis - by Type, Source, Category, and Distribution Channel
出版日期: | 出版商: The Insight Partners | 英文 105 Pages | 訂單完成後即時交付

價格

南美洲和中美洲肉類零食市場預計將從2022年的10.2687億美元成長到2028年的15.0095億美元。預計2022年至2028年CAGR為6.5%。

清潔標籤和有機肉類零食的日益普及推動了南美洲和中美洲肉類零食市場

人們越來越關注他們所消費的食品，並更加關注產品標籤和加工食品中使用的成分。有機產品因其對健康的益處而變得越來越受歡迎。它們不含農藥、化肥和基因改造生物（GMO），這增加了它們的吸引力並說服消費者支付更多費用。人們越來越關注防腐劑、增味劑和色素等合成或化學添加劑的使用，這增加了人們對清潔標籤產品的偏好。因此，肉類零食生產商正在開發採用全天然和最低限度加工成分的產品。

清潔標籤趨勢在整個肉類產業越來越受歡迎。消費者喜歡提供高營養價值的全天然和低加工肉類產品。有機和清潔標籤肉類零食由有機飼養的牛肉、雞肉或豬肉製成。這些零食不含合成添加劑，如色素、抗結塊劑、穩定劑和防腐劑。預計在預測期內，對清潔標籤和有機肉類零食的需求不斷成長將為南美洲和中美洲肉類零食市場提供利潤豐厚的成長機會。

南美洲和中美洲肉類零食市場概況

南美洲和中美洲肉食零食市場分為巴西、阿根廷以及南美洲和中美洲其他地區。肉類產品的高消費以及消費者生活方式和飲食模式的轉變是推動中南美洲（尤其是巴西）市場成長的主要因素。隨著出口的繁榮，巴西牛肉的產量不斷增加。根據農業和園藝發展委員會（AHDB）的數據，2022年6月，巴西成為最大的牛肉出口國，2022年第一季出口了46.9萬噸新鮮和冷凍牛肉，比2022年第一季增加了37% （約12.6萬噸）。此外，根據美國農業部預測，到2028年，巴西牛肉出口量可能達到290萬噸，佔全球牛肉出口總量的23%。肉乾、香腸、牛肉肉條和肉棒等肉類零食產品因其味道和營養成分而成為人們飲食的主要組成部分。這些產品富含維生素、蛋白質和鐵等重要的微量營養素。此外，康尼格拉品牌公司 (Conagra Brands, Inc.) 等知名企業的存在；有機谷；布里奇福德食品公司；和泰森食品公司正在該地區積極開展業務，預計這將推動南美洲和中美洲的肉類零食市場。

南美洲及中美洲肉食零食市場收入及 2028 年預測（百萬美元）

南美洲和中美洲肉品零食市場細分

南美洲和中美洲肉食零食市場按類型、來源、類別、配銷通路和國家細分。

根據類型，南美洲和中美洲肉類零食市場分為肉乾、肉棒、香腸等。 2022 年，肉乾細分市場在南美洲和中美洲肉食零食市場中佔據最大佔有率。

根據來源，南美洲和中美洲肉類零食市場分為牛肉、雞肉、豬肉等。 2022 年，牛肉細分市場佔據南美洲和中美洲肉類零食市場最大佔有率。

根據類別，南美洲和中美洲肉類零食市場分為原味和風味。到 2022 年，風味細分市場將在南美洲和中美洲肉類零食市場中佔據更大佔有率。

根據配銷通路，南美洲和中美洲肉類零食市場分為超市和大賣場、便利商店、線上零售等。 2022 年，超市和大賣場佔據南美洲和中美洲肉類零食市場最大佔有率。

依國家分類，南美洲和中美洲肉類零食市場分為南非、沙烏地阿拉伯、阿拉伯聯合大公國以及南美洲和中美洲其他地區。 2022 年，南美洲和中美洲其他地區主導了南美洲和中美洲肉類零食市場。

通用磨坊公司 (General Mills Inc)、荷美爾食品公司 (Hormel Foods Corporation)、Link Snacks Inc 和泰森食品公司 (Tyson Foods Inc) 是該地區肉類零食市場的一些領先公司。

目錄

第 1 章：簡介

  • 研究範圍
  • Insight Partners 研究報告指南
  • 市場區隔

第 2 章：要點

第 3 章：研究方法

  • 研究範圍
  • 研究方法論
    • 數據採集：
    • 初步面試：
    • 假設表述：
    • 宏觀經濟因素分析：
    • 開發基數：
    • 數據三角測量：
    • 國家級數據：

第 4 章：南美洲和中美洲肉類零食市場概述

  • 市場概況
  • 波特五力分析
    • 供應商的議價能力
    • 買家的議價能力
    • 新進入者的威脅
    • 競爭激烈程度
    • 替代品的威脅
  • 專家意見
  • 生態系分析

第 5 章：南美洲和中美洲肉類零食市場 - 主要市場動態

  • 市場促進因素
    • 高蛋白零食的需求不斷增加
    • 雞肉類肉類零食人氣飆升
    • 主要市場參與者的策略發展
  • 市場限制
    • 純素食人口增加
  • 市場機會
    • 清潔標籤和有機肉類零食越來越受歡迎
  • 未來的趨勢
    • 實驗室種植/培養肉品的出現
  • 促進因素和限制因素的影響分析

第 6 章：肉類零食 - 南美洲和中美洲市場分析

第 7 章：南美洲和中美洲肉食零食市場分析 - 按類型

  • 概述
  • 南美洲和中美洲肉類零食市場，按類型（2021 年和 2028 年）
  • 肉乾
  • 肉棒
  • 香腸：
  • 其他

第 8 章：南美洲和中美洲肉類零食市場分析 - 按來源

  • 概述
  • 南美洲和中美洲肉零食市場，按來源分類（2021 年和 2028 年）
  • 牛肉
  • 雞
  • 豬肉
  • 其他

第 9 章：南美洲和中美洲肉類零食市場分析 - 按類別

  • 概述
  • 南美洲和中美洲肉類零食市場，按類別（2021 年和 2028 年）
  • 清楚的
  • 調味

第 10 章：南美洲和中美洲肉類零食市場分析 - 按配銷通路

  • 概述
  • 南美洲和中美洲肉食零食市場，按配銷通路分類（2021 年和 2028 年）
  • 超級市場和大賣場
  • 便利商店
  • 網路零售
  • 其他

第 11 章：南美洲和中美洲肉類零食市場 - 國家分析

  • 南美洲和中美洲
    • 巴西
    • 阿根廷
    • 南美洲和中美洲其他地區

第 12 章：產業格局

  • 概述
  • 新產品開發
  • 併購

第 13 章：公司簡介

  • Tyson Foods Inc.
  • General Mills Inc.
  • Hormel Foods Corporation
  • Conagra Brands, Inc.
  • Link Snacks Inc.

第 14 章：附錄

  • 關於 Insight Partners
  • 詞索引
Product Code: BMIRE00029193

The South & Central America meat snacks market is expected to grow from US$ 1,026.87 million in 2022 to US$ 1,500.95 million by 2028. It is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

Rising Popularity of Clean-Label and Organic Meat Snacks Fuels South & Central America Meat Snacks Market

People are getting highly concerned about the food they consume, paying more attention to product labels and ingredients used in processed food products. Organic products are becoming increasingly popular due to their perceived health benefits. They are free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs) that increase their appeal and convince consumers to pay more. The rising concern over the use of synthetic or chemical additives, such as preservatives, flavor enhancers, and colors, increases the preference of clean-labeled products. Therefore, meat snacks producers are developing products with all natural and minimally processed ingredients.

Clean-label trend is gaining popularity across the meat industry. Consumers are preferring all-natural and less-processed meat products that offer high nutritional benefits. Organic and clean-label meat snacks are made from organically raised beef, chicken, or pork. These snacks are free of synthetic additives, such as colors, anti-caking agents, stabilizers, and preservatives. The rising demand for clean-label and organic meat snacks is expected to provide lucrative growth opportunities in the South & Central America meat snacks market during the forecast period.

South & Central America Meat Snacks Market Overview

The South & Central America meat snacks market is segmented into Brazil, Argentina, and the Rest of South & Central America. High consumption of meat-based products and a shift in consumer lifestyle and dietary patterns are the major factors driving the market growth in South & Central America, especially in Brazil. The production of Brazilian beef is increasing with the flourishment of exports. According to Agriculture and Horticulture Development Board (AHDB), in June 2022, Brazil became the largest beef exporter and exported 469,000 tons of fresh and frozen beef in 1st quarter of 2022, an increase of 37% (~126,000 tons) from 1st quarter of 2021. Moreover, as per projections by the US Department of Agriculture, Brazil is likely to reach 2.9 million metric tons of beef exports by 2028, accounting for 23% of the total beef exports worldwide. Meat snack products such as jerky, sausages, and meat strips & sticks sourced from beef are a major part of people's diets due to the taste and nutritional content of such products. These products are enriched with vital micronutrients such as vitamins, protein, and iron. Moreover, the presence of prominent players such as Conagra Brands, Inc.; Organic Valley; Bridgford Food Corporation; and Tyson Foods Inc. are actively operating across the region, which is anticipated to fuel the meat snacks market across South & Central America.

South & Central America Meat Snacks Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Meat Snacks Market Segmentation

The South & Central America meat snacks market is segmented into type, source, category, distribution channel, and country.

Based on type, the South & Central America meat snacks market is segmented into jerky, meat sticks, sausages, and others. The jerky segment registered the largest South & Central America meat snacks market share in 2022.

Based on source, the South & Central America meat snacks market is segmented into beef, chicken, pork, and others. The beef segment held the largest South & Central America meat snacks market share in 2022.

Based on category, the South & Central America meat snacks market is segmented into plain and flavored. The flavored segment held a larger South & Central America meat snacks market share in 2022.

Based on distribution channel, the South & Central America meat snacks market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hyper markets segment held the largest South & Central America meat snacks market share in 2022.

Based on country, the South & Central America meat snacks market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America meat snacks market in 2022.

General Mills Inc, Hormel Foods Corporation, Link Snacks Inc, and Tyson Foods Inc are some of the leading companies operating in the meat snacks market in the region.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America meat snacks market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the South & Central America meat snacks market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the meat snacks market as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

  • 3.1 Scope of the Study
  • 3.2 Research Methodology
    • 3.2.1 Data Collection:
    • 3.2.2 Primary Interviews:
    • 3.2.3 Hypothesis Formulation:
    • 3.2.4 Macro-economic Factor Analysis:
    • 3.2.5 Developing Base Number:
    • 3.2.6 Data Triangulation:
    • 3.2.7 Country Level Data:

4. South & Central America Meat Snacks Market Overview

  • 4.1 Market Overview
  • 4.2 Porter's Five Forces Analysis
    • 4.2.1 The Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Intensity of Competitive Rivalry
    • 4.2.5 Threat of Substitutes
  • 4.3 Expert Opinion
  • 4.4 Ecosystem Analysis

5. South & Central America Meat Snacks Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for High-Protein Snacks
    • 5.1.2 Surging Popularity of Chicken-Based Meat Snacks
    • 5.1.3 Strategic Developments by Key Market Players
  • 5.2 Market Restraints
    • 5.2.1 Increasing Vegan Population
  • 5.3 Market Opportunities
    • 5.3.1 Rising Popularity of Clean-Label and Organic Meat Snacks
  • 5.4 Future Trends
    • 5.4.1 Advent of Lab-Grown/Cultured Meat
  • 5.5 Impact Analysis of Drivers and Restraints

6. Meat Snacks - South & Central America Market Analysis

  • 6.1 Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)

7. South & Central America Meat Snacks Market Analysis - By Type

  • 7.1 Overview
  • 7.2 South & Central America Meat Snacks Market, By Type (2021 and 2028)
  • 7.3 Jerky
    • 7.3.1 Overview
    • 7.3.2 Jerky: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.4 Meat Sticks
    • 7.4.1 Overview
    • 7.4.2 Meat Sticks: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.5 Sausages:
    • 7.5.1 Overview
    • 7.5.2 Sausages: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.6 Others
    • 7.6.1 Overview
    • 7.6.2 Others: South & Central America Meat Snacks Market- Revenue and Forecast to 2028 (US$ Million)

8. South & Central America Meat Snacks Market Analysis - By Source

  • 8.1 Overview
  • 8.2 South & Central America Meat Snacks Market, By Source (2021 and 2028)
  • 8.3 Beef
    • 8.3.1 Overview
    • 8.3.2 Beef: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 8.4 Chicken
    • 8.4.1 Overview
    • 8.4.2 Chicken: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 8.5 Pork
    • 8.5.1 Overview
    • 8.5.2 Pork: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 8.6 Others
    • 8.6.1 Overview
    • 8.6.2 Others: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)

9. South & Central America Meat Snacks Market Analysis - By Category

  • 9.1 Overview
  • 9.2 South & Central America Meat Snacks Market, By Category (2021 and 2028)
  • 9.3 Plain
    • 9.3.1 Overview
    • 9.3.2 Plain: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 9.4 Flavored
    • 9.4.1 Overview
    • 9.4.2 Flavored: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)

10. South & Central America Meat Snacks Market Analysis - By Distribution Channel

  • 10.1 Overview
  • 10.2 South & Central America Meat Snacks Market, By Distribution Channel (2021 and 2028)
  • 10.3 Supermarkets and Hypermarkets
    • 10.3.1 Overview
    • 10.3.2 Supermarkets and Hypermarkets: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 10.4 Convenience Stores
    • 10.4.1 Overview
    • 10.4.2 Convenience Stores: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 10.5 Online Retail
    • 10.5.1 Overview
    • 10.5.2 Online Retail: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • 10.6 Others
    • 10.6.1 Overview
    • 10.6.2 Others: South & Central America Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)

11. South & Central America Meat Snacks Market - Country Analysis

  • 11.1 South and Central America: Meat Snacks Market
    • 11.1.1 South and Central America: Meat Snacks Market, by Key Country
      • 11.1.1.1 Brazil: Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
        • 11.1.1.1.1 Brazil: Meat Snacks Market, By Type
        • 11.1.1.1.2 Brazil: Meat Snacks Market, by Source
        • 11.1.1.1.3 Brazil: Meat Snacks Market, By Category
        • 11.1.1.1.4 Brazil: Meat Snacks Market, by Distribution Channel
      • 11.1.1.2 Argentina: Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
        • 11.1.1.2.1 Argentina: Meat Snacks Market, By Type
        • 11.1.1.2.2 Argentina: Meat Snacks Market, by Source
        • 11.1.1.2.3 Argentina: Meat Snacks Market, By Category
        • 11.1.1.2.4 Argentina: Meat Snacks Market, by Distribution Channel
      • 11.1.1.3 Rest of South and Central America: Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
        • 11.1.1.3.1 Rest of South and Central America: Meat Snacks Market, By Type
        • 11.1.1.3.2 Rest of South and Central America: Meat Snacks Market, by Source
        • 11.1.1.3.3 Rest of South and Central America: Meat Snacks Market, By Category
        • 11.1.1.3.4 Rest of South and Central America: Meat Snacks Market, by Distribution Channel

12. Industry Landscape

  • 12.1 Overview
  • 12.2 New Product Development
  • 12.3 Merger and Acquisition

13. Company Profiles

  • 13.1 Tyson Foods Inc.
    • 13.1.1 Key Facts
    • 13.1.2 Business Description
    • 13.1.3 Products and Services
    • 13.1.4 Financial Overview
    • 13.1.5 SWOT Analysis
    • 13.1.6 Key Developments
  • 13.2 General Mills Inc.
    • 13.2.1 Key Facts
    • 13.2.2 Business Description
    • 13.2.3 Products and Services
    • 13.2.4 Financial Overview
    • 13.2.5 SWOT Analysis
    • 13.2.6 Key Developments
  • 13.3 Hormel Foods Corporation
    • 13.3.1 Key Facts
    • 13.3.2 Business Description
    • 13.3.3 Products and Services
    • 13.3.4 Financial Overview
    • 13.3.5 SWOT Analysis
    • 13.3.6 Key Developments
  • 13.4 Conagra Brands, Inc.
    • 13.4.1 Key Facts
    • 13.4.2 Business Description
    • 13.4.3 Products and Services
    • 13.4.4 Financial Overview
    • 13.4.5 SWOT Analysis
    • 13.4.6 Key Developments
  • 13.5 Link Snacks Inc.
    • 13.5.1 Key Facts
    • 13.5.2 Business Description
    • 13.5.3 Products and Services
    • 13.5.4 Financial Overview
    • 13.5.5 SWOT Analysis
    • 13.5.6 Key Developments

14. Appendix

  • 14.1 About The Insight Partners
  • 14.2 Word Index

List Of Tables

  • Table 1. South & Central America Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
  • Table 2. Brazil Meat Snacks Market, By Type - Revenue and Forecast to 2028 (US$ Million)
  • Table 3. Brazil Meat Snacks Market, by Source - Revenue and Forecast to 2028 (US$ Million)
  • Table 4. Brazil Meat Snacks Market, By Category - Revenue and Forecast to 2028 (US$ Million)
  • Table 5. Brazil Meat Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
  • Table 6. Argentina Meat Snacks Market, By Type - Revenue and Forecast to 2028 (US$ Million)
  • Table 7. Argentina Meat Snacks Market, by Source - Revenue and Forecast to 2028 (US$ Million)
  • Table 8. Argentina Meat Snacks Market, By Category - Revenue and Forecast to 2028 (US$ Million)
  • Table 9. Argentina Meat Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
  • Table 10. Rest of South and Central America Meat Snacks Market, By Type - Revenue and Forecast to 2028 (US$ Million)
  • Table 11. Rest of South and Central America Meat Snacks Market, by Source - Revenue and Forecast to 2028 (US$ Million)
  • Table 12. Rest of South and Central America Meat Snacks Market, By Category - Revenue and Forecast to 2028 (US$ Million)
  • Table 13. Rest of South and Central America Meat Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
  • Table 14. List of Abbreviation

List Of Figures

  • Figure 1. South & Central America Meat Snacks Market Segmentation
  • Figure 2. South & Central America Meat Snacks Market Segmentation - By Country
  • Figure 3. South & Central America Meat Snacks Market Overview
  • Figure 4. South & Central America Meat Snacks Market: By Type
  • Figure 5. South & Central America Meat Snacks Market: By Country
  • Figure 6. Porter's Five Forces Analysis: South & Central America Meat Snacks Market
  • Figure 7. South & Central America Expert Opinion
  • Figure 8. Ecosystem: South & Central America Meat Snacks Market
  • Figure 9. South & Central America Meat Snacks Market Impact Analysis of Drivers and Restraints
  • Figure 10. South & Central America: Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 11. South & Central America Meat Snacks Market Revenue Share, By Type (2021 and 2028)
  • Figure 12. Jerky: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 13. Meat Sticks: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 14. Sausages: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 15. Others: South & Central America Meat Snacks Market- Revenue and Forecast To 2028 (US$ Million)
  • Figure 16. South & Central America Meat Snacks Market Revenue Share, By Source (2021 and 2028)
  • Figure 17. Beef: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 18. Chicken: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 19. Pork: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 20. Others: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 21. South & Central America Meat Snacks Market Revenue Share, By Category (2021 and 2028)
  • Figure 22. Plain: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 23. Flavored: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 24. South & Central America Meat Snacks Market Revenue Share, By Distribution Channel (2021 and 2028)
  • Figure 25. Supermarkets and Hypermarkets: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 26. Convenience Stores: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 27. Online Retail: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 28. Others: South & Central America Meat Snacks Market - Revenue and Forecast To 2028 (US$ Million)
  • Figure 29. South and Central America: Meat Snacks Market Revenue Share, by Key Country (2021 and 2028)
  • Figure 30. Brazil: Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 31. Argentina: Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 32. Rest of South and Central America: Meat Snacks Market - Revenue and Forecast to 2028 (US$ Million)