Canned Seafood Market: Navigating Challenges and Opportunities

The global canned seafood market size was estimated at USD 35.77 billion in 2024 and is projected to reach USD 44.27 billion by 2030, growing at a CAGR of 3.5% from 2025 to 2030. The rising demand for convenience foods is significantly driving the growth of the canned seafood industry, reflecting broader trends in consumer behavior and market dynamics.

As lifestyles become increasingly fast-paced, consumers are gravitating toward ready-to-eat and easy-to-prepare meals. This trend is especially notable among working populations and younger generations, who often prioritize convenience due to limited time and busy schedules.

The canned seafood market is further supported by advancements in distribution channels that have enhanced accessibility. Supermarkets, convenience stores, and retail outlets remain critical to sales, while the growth of online platforms has allowed consumers to easily purchase products at competitive prices. This convenience has become particularly important in urban regions, where consumers seek to stock up on pantry essentials without frequent grocery store visits.

Sustainability is another key driver shaping the market. Companies are increasingly focusing on eco-friendly packaging and sustainable practices to minimize their environmental footprint. For instance, John West’s EcoTwist packaging reduces steel use and eliminates plastic shrink wrap, cutting down on waste. Moreover, brands are adopting recyclable materials and incorporating traceability features like QR codes, allowing consumers to track product origins. These efforts resonate strongly with environmentally conscious consumers, reinforcing trust and loyalty.

Key Market Highlights:

• Asia Pacific accounted for a share of 35.7% of the global revenue in 2024.
• By product, fish segment accounted for a global market share of 75.3% in 2024.
• By distribution channel, the retail segment accounted for a share of 63.9% of the global revenue in 2024.

Download a free sample PDF of the Canned Seafood Market Intelligence Study from Grand View Research.

Market Performance:

• 2024 Market Size: USD 35.77 Billion
• 2030 Projected Market Size: USD 44.27 Billion
• CAGR (2025-2030): 3.5%
• Asia Pacific: Largest market in 2024

Prominent Companies & Market Dynamics:

The canned seafood market includes numerous domestic and international players. Key participants in the global canned seafood market include StarKist Co., Thai Union Group PCL, Trident Seafoods, LDH (La Doria) Ltd, Wild Planet Foods, and American Tuna, Inc. Established players are investing heavily in research and development to introduce innovative products and sustainable packaging solutions. With extensive distribution networks and strong brand presence, these companies continue to maintain a dominant position in the market.

Key Companies:

• Thai Union Group PCL
• StarKist Co.
• Trident Seafoods
• Tri Marine
• Maruha Nichiro Corporation
• Icicle Seafoods Inc.
• LDH (La Doria) Ltd
• American Tuna
• Universal Canning Inc.
• Wild Plant Foods

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The canned seafood market is experiencing steady growth, fueled by the rising preference for convenience foods, improved accessibility through modern retail and online channels, and an increasing focus on sustainability. With Asia Pacific leading in revenue share and companies innovating to meet evolving consumer expectations, the market is set to expand further. Growing demand for eco-friendly packaging and transparent sourcing practices will continue to drive brand differentiation and consumer trust, ensuring long-term growth for the industry.

Bitumen Market Key Trends Shaping Global Construction Activities

The global bitumen market size was valued at USD 77.6 billion in 2023 and is projected to reach USD 90.4 billion by 2030, growing at a CAGR of 1.8% from 2024 to 2030. The increasing demand for bio-asphalt in the construction industry is expected to create new growth opportunities for the bitumen market.

Bitumen, a petroleum-derived product, is primarily used for road construction, road maintenance, pavement binding, and repair services. Rapid urbanization and the rise of SMART cities are driving the need for improved infrastructure, fueling the demand for bitumen. The growing number of suppliers also supports market expansion in response to rising construction activities.

As a byproduct of crude oil refining, bitumen is valued for its adhesive properties across the architectural and manufacturing industries. Its significance has increased in recent years due to government investments in infrastructure projects, which rely heavily on bitumen to maintain and expand public facilities. Manufacturers are also focusing on recycling initiatives and developing industrial-grade adhesives such as waterproof solutions suitable for metals, concretes, timbers, and insulation sheets.

Bitumen membranes are experiencing high demand and are expected to grow further in the coming years. These membranes, prepared from viscous bitumen, are widely used in applications such as waterproofing, joint filling, binding, and crack sealing. Their durability, weather resistance, and ease of installation make them highly preferred in construction. The abundance of raw materials and steady demand further support market growth. However, volatility in crude oil prices at the global level poses challenges. Despite this, government initiatives and investments in SMART city projects are anticipated to drive the industry forward.

Key Market Highlights:

• Asia Pacific dominated the market with a revenue share of 35.01% in 2023.
• China is projected to witness strong growth within Asia Pacific due to large-scale infrastructure projects.
• By application, roadways led the market and accounted for a 59.8% share in 2023.

Download a free sample PDF of the Bitumen Market Intelligence Study from Grand View Research.

Market Performance:

• 2023 Market Size: USD 77.6 Billion
• 2030 Projected Market Size: USD 90.4 Billion
• CAGR (2024–2030): 1.8%
• Asia Pacific: Largest market in 2023

Prominent Companies & Market Dynamics:

Major companies in the bitumen market include Shell, Indian Oil Corporation, NuStar Energy, and Exxon Mobil. To strengthen their market presence, these players are adopting strategies such as mergers, acquisitions, and strategic partnerships.

• Shell Bitumen provides a comprehensive portfolio of solutions for road construction, roofing, and industrial applications. Its offerings include conventional bitumen, polymer-modified bitumen (PMB), emulsions, and specialty products designed for performance-specific needs.
• Indian Oil Corporation, India’s largest commercial enterprise and government-owned oil and gas company, plays a critical role in the nation’s energy sector. The company operates across the hydrocarbon value chain, including refining, pipeline transportation, marketing of petroleum products, and petrochemicals manufacturing.

Key Companies:

• Shell Bitumen
• NuStar Energy
• Exxon Mobil
• Marathon Oil Corporation
• Valero Energy Corporation
• Nynas AB
• Petróleos Mexicanos (PEMEX)
• Indian Oil Corporation
• Chevron Texaco Corporation
• Villas Austria GmbH

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The bitumen market is poised for steady growth, supported by rising construction activities, infrastructure development, and increased adoption of bitumen-based products such as adhesives and membranes. While crude oil price fluctuations remain a key challenge, government-backed projects and the push for SMART cities are expected to provide sustained growth opportunities through 2030.

Aviation Analytics Market Driving Efficiency in Flight Management

The global aviation analytics market size was estimated at USD 2,601.0 million in 2023 and is projected to reach USD 5.08 billion by 2030, growing at a CAGR of 10.14% from 2024 to 2030. The market growth is primarily driven by the rising adoption of data-driven decision-making in the aviation sector, the growing focus on predictive maintenance, and the shift towards cloud-based solutions.

The increasing demand for advanced analytics platforms that can process and analyze real-time data generated across the aviation ecosystem is accelerating the adoption of aviation analytics.

The integration of Big Data and the Internet of Things (IoT) is transforming data collection and analysis in the industry. These technologies allow the collection of vast datasets from aircraft sensors, operational logs, and passenger information. Leveraging this data helps optimize flight operations, improve fuel efficiency, and enhance passenger experience. This growing reliance on data-driven insights is a major factor fueling market expansion.

Additionally, the emphasis on cybersecurity in aviation analytics is rising. Airlines are implementing advanced analytics tools to safeguard sensitive information, detect and mitigate cyber threats, and maintain customer trust. This focus on ensuring data integrity and security is expected to further boost market growth.

Key Market Highlights:

• North America dominated the market with the largest revenue share of 33.22% in 2023.
• The U.S. is projected to register the fastest CAGR of 9.28% from 2024 to 2030.
• By function, the operations segment led the market with a 33.23% revenue share in 2023.
• By component, the solutions segment accounted for 60.66% revenue share in 2023.
• By deployment, the cloud segment held the largest revenue share of 50.98% in 2023.

Download a free sample PDF of the Aviation Analytics Market Intelligence Study from Grand View Research.

Market Performance:

• 2023 Market Size: USD 2,601.0 Million
• 2030 Projected Market Size: USD 5.08 Billion
• CAGR (2024–2030): 10.14%
• North America: Largest market in 2023
• Asia Pacific: Fastest-growing market

Prominent Companies & Market Dynamics:

Key players in the market include Oracle Corporation, General Electric, and SAP.

• Oracle Corporation provides cloud-based aviation analytics solutions designed for airlines, airports, and MRO organizations. Its offerings, including Oracle Analytics and Oracle Cloud ERP, leverage AI to automate analytics processes and optimize operational performance.
• General Electric delivers advanced analytics for aircraft maintenance, fuel efficiency, and flight operations. By analyzing data related to flight performance, weather, and traffic, GE helps airlines make informed decisions that enhance safety and efficiency.

Emerging participants include Lufthansa Technik, Collins Aerospace, and SAS.

• Lufthansa Technik offers comprehensive MRO services, including engine maintenance, component support, and aircraft modifications. The company is recognized for its innovative aviation analytics solutions and strong global presence.
• Collins Aerospace, a subsidiary of Raytheon Technologies, specializes in aerospace systems and solutions, offering avionics, propulsion, interiors, and data management tools for airlines.

Key Companies:

• Honeywell International Inc.
• Lufthansa Technik
• Booz Allen Hamilton
• GE Aerospace
• IBM
• Oracle Corporation
• SAP
• SAS Institute, Inc.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The aviation analytics market is set for steady growth, fueled by the integration of Big Data, IoT, and cloud-based solutions, alongside the increasing importance of predictive maintenance and cybersecurity. With key players driving innovation and airlines adopting data-driven strategies to enhance efficiency and passenger experience, the market is poised for strong expansion through 2030.

Autonomous Aircraft Market Growth Drivers Enhancing Global Demand

The global autonomous aircraft market size was estimated at USD 1.75 billion in 2023 and is projected to reach USD 47.16 billion by 2035, growing at a CAGR of 32.40% from 2024 to 2035. The market expansion is driven by factors such as reduced operational costs, minimized human error, and the growing adoption of urban air mobility.

Continuous advancements in aircraft hardware and software technologies are enabling manufacturers to design advanced autonomous systems to meet the increasing demand from government, military, and civilian sectors worldwide.

Regulatory frameworks are also playing a vital role in shaping market growth. Governments across the globe are introducing clear guidelines to safely integrate autonomous aircraft into existing airspace. As regulators gain trust in the safety and reliability of these systems, new opportunities are opening for commercial applications, boosting investment and innovation across the industry.

In addition, the expanding range of autonomous aircraft applications is creating significant growth potential. For example, in agriculture, drones equipped with sensors and imaging tools allow farmers to monitor crops, optimize irrigation, and assess soil conditions more effectively. In logistics, autonomous delivery drones are transforming goods transportation, providing faster and more cost-efficient solutions, particularly in remote or hard-to-access regions.

Key Market Highlights:

• North America accounted for the highest market revenue share of nearly 38% in 2023.
• The U.S. is projected to witness a notable CAGR of over 30% from 2024 to 2035.
• By technology, the increasingly autonomous segment held the largest revenue share of over 70% in 2023.
• By end use, the cargo aircraft segment registered the largest revenue share in 2023.

Download a free sample PDF of the Autonomous Aircraft Market Intelligence Study from Grand View Research.

Market Performance:

• 2023 Market Size: USD 1.75 Billion
• 2035 Projected Market Size: USD 47.16 Billion
• CAGR (2024–2035): 32.40%
• North America: Largest market in 2023
• Asia Pacific: Fastest-growing market

Prominent Companies & Market Dynamics:

Some of the leading players in the market include The Boeing Company, Northrop Grumman Corporation, and Lockheed Martin Corporation.

• Lockheed Martin Corporation focuses on innovation and strategic collaborations, leveraging its aerospace and defense expertise to develop advanced autonomous systems for military and commercial use. The company invests heavily in research and technology to enhance safety, reliability, and performance.
• Boeing is strengthening its presence through innovation, partnerships, and diversification. By combining aerospace expertise with advanced R&D, Boeing is enhancing autonomous technologies for military and civilian applications, improving operational efficiency and safety.

Emerging players such as AeroVironment Inc., Israel Aerospace Industries (IAI), and Textron Inc. are also contributing to market development.

• AeroVironment Inc. leverages its expertise in unmanned systems to create advanced autonomous aircraft for defense and commercial sectors, supported by R&D investments, partnerships, and manufacturing enhancements.
• Israel Aerospace Industries (IAI) emphasizes technological leadership and global collaborations, developing innovative unmanned aerial systems (UAS) for military and civilian use, focusing on efficiency, reliability, and versatility.

Key Companies:

• Elbit Systems Ltd.
• IAI
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• RTX Corporation
• Saab AB
• Textron Inc.
• The Boeing Company

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The autonomous aircraft market is experiencing rapid growth, fueled by advancements in technology, supportive regulatory frameworks, and expanding use cases across industries. With strong investments from leading aerospace companies and rising adoption in agriculture, logistics, defense, and urban air mobility, the market is expected to witness substantial expansion through 2035.

Application Security Market: Shifting Left with DevSecOps Integration

The global application security market size was valued at USD 7.57 billion in 2023 and is expected to reach USD 25.10 billion by 2030, expanding at a CAGR of 18.7% from 2024 to 2030. The market growth is primarily driven by the need to secure customer data, strengthen trust, protect sensitive information from cyber threats, and enhance confidence among stakeholders such as lenders and investors.

Moreover, the rising frequency of security breaches targeting business applications, the increasing adoption of mobile and cloud-based technologies, and stringent compliance regulations are further fueling demand for application security solutions. The market also benefits from the growing preference for Software as a Service (SaaS)-based security platforms.

Modern application security platforms enable organizations to discover and map services, dependencies, APIs, and data flows, helping them address vulnerabilities more effectively. For example, in June 2023, Bionic, a provider of application security solutions, introduced Business Risk Scoring and Bionic Signals to its platform. These features help engineering teams prioritize and manage security risks by contextualizing vulnerabilities, assessing exposure based on architecture dependencies, and ranking applications by relative business risk. This advancement empowers organizations to quickly detect, prioritize, and mitigate critical threats, thereby supporting overall market growth.

Key Market Highlights:

• North America dominated the market in 2023.
• By component, the solution segment held a revenue share of over 67.0% in 2023.
• By end use, the BFSI segment led the market in 2023.
• By solution, web application security accounted for the largest revenue share in 2023.
• By services, professional services held the highest revenue share in 2023.

Download a free sample PDF of the Application Security Market Intelligence Study from Grand View Research.

Market Performance:

• 2023 Market Size: USD 7.57 Billion
• 2030 Projected Market Size: USD 25.10 Billion
• CAGR (2024–2030): 18.7%
• North America: Largest market in 2023
• Asia Pacific: Fastest-growing region

Prominent Companies & Market Dynamics:

Leading players in the market include Cisco Systems, Inc., International Business Machines Corporation, and F5, Inc.

• Cisco Systems, Inc. offers a range of application security solutions such as Cisco Umbrella and Cisco Secure Cloud Analytics, which automate and orchestrate protection across applications, networks, and cloud environments, with seamless integration with third-party products.
• F5, Inc. delivers application security platforms such as its Advanced Web Application Firewall (WAF) and Advanced Firewall Manager (AFM), designed to defend against large-scale DDoS attacks and other advanced threats. These solutions automatically adapt to traffic changes while safeguarding legitimate users.

Other notable participants include CAST Software, Rapid7, and GitLab.

• CAST Software provides the CAST Security Dashboard, enabling enterprises to proactively design secure systems and identify high-risk flaws across mission-critical software.
• Rapid7 is transforming application security with DevOps Security Automation, embedding security into DevOps pipelines for seamless protection.

Key Companies:

• MicroFocus
• Onapsis
• Rapid7
• Synopsys, Inc.
• Veracode
• VMware
• WhiteHat Security

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The application security market is on a strong growth trajectory, supported by the rising demand for data protection, compliance with regulatory frameworks, and the increasing reliance on mobile and cloud technologies. With advanced platforms enhancing visibility and risk management, and leading companies investing in innovative security solutions, the market is well-positioned for significant expansion through 2030.

Anti-obesity Medication Market Leading Players Shaping Innovation

The global anti-obesity medication market size was estimated at USD 6.62 billion in 2023 and is expected to reach USD 77.24 billion by 2030, growing at a CAGR of 31.66% from 2024 to 2030. Increasing awareness of the health risks linked to being overweight is a major factor driving market growth.

The acceleration in the development of anti-obesity drugs, supported by strong R&D investments, is further fueling market expansion. Advances in drug development technologies are enabling the creation of more effective treatments, meeting the rising demand to address overweight-related health challenges.

Market participants are investing heavily in clinical research to bring forward innovative therapies. In August 2022, Novo Nordisk completed a phase 2 clinical trial for CagriSema, demonstrating its potential benefits for individuals with type 2 diabetes and overweight. Other drugs such as Oral Sema Obesity (phase 3) and GELA, INV-202 (phase 2) also show promise in expanding treatment options. Similarly, in June 2023, Eli Lilly’s phase 2 trial of orforglipron revealed significant weight loss and improved A1C outcomes in adults with obesity or type 2 diabetes. If phase 3 trials confirm these results, it could broaden therapeutic choices and intensify market competition.

The launch of new drugs like CagriSema, Oral Sema Obesity, GELA, INV-202, and orforglipron is significantly boosting market growth. Companies that focus on innovation and commercialization of advanced medications are likely to secure a competitive edge and establish stronger market positions.

Key Market Highlights:

• North America dominated the market with a revenue share of 37.67% in 2023.
• By product, the approved product segment held the largest share in 2023 and is projected to grow at a CAGR of 32.41% from 2024 to 2030.
• By mechanism of action, the peripherally acting anti-obesity drugs segment accounted for the largest share of 59.87% in 2023.
• By distribution channel, the retail pharmacies segment led the market in 2023 with a share of 55.90%.

Download a free sample PDF of the Anti-obesity Medication Market Intelligence Study from Grand View Research.

Market Performance:

• 2023 Market Size: USD 6.62 Billion
• 2030 Projected Market Size: USD 77.24 Billion
• CAGR (2024–2030): 31.66%
• North America: Largest market in 2023

Prominent Companies & Market Dynamics:

Leading players in the market include Novo Nordisk A/S, GlaxoSmithKline plc, Novartis AG, VIVUS LLC, Currax Pharmaceuticals, and Kintai Therapeutics. These companies are focusing on strategies such as product approvals, partnerships, collaborations, and regional expansion to strengthen their positions. For example, expanding into emerging economies through agreements with local players is a key growth strategy.

Emerging participants like Rhythm Pharmaceuticals, Inc. and Boehringer Ingelheim International GmbH are pursuing strategic initiatives, including partnerships and collaborations, to enhance their footprint. They are also focusing on niche supply chain areas such as distribution and product delivery solutions to establish competitive advantages.

Key Companies:

• Novo Nordisk A/S
• GlaxoSmithKline plc
• Novartis AG
• VIVUS LLC
• Currax Pharmaceuticals
• Kintai Therapeutics
• Boehringer Ingelheim International GmbH
• Rhythm Pharmaceuticals, Inc.
• Gelesis

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The anti-obesity medication market is set for substantial growth, driven by rising global obesity rates and advancements in drug innovation. Increased R&D investments and the introduction of next-generation therapies are expanding treatment possibilities. North America currently leads the market, while other regions are expected to witness strong growth due to rising healthcare awareness. Strategic collaborations, product launches, and regulatory approvals are shaping the competitive landscape. As more effective drugs reach the market, opportunities for both established and emerging players are expected to grow significantly.

Ambulatory Services Market Growth Driven by Rising Patient Demand

The global ambulatory services market size was valued at USD 791.4 billion in 2022 and is expected to reach USD 1.2 trillion by 2030, growing at a CAGR of 5.29% from 2023 to 2030. Market growth is largely driven by the rising prevalence of chronic diseases requiring surgical interventions, the increasing demand for minimally invasive procedures, and ongoing technological advancements.

The growing preference for ambulatory care, due to its cost-effectiveness and reduced need for hospitalization, remains a key factor fueling market expansion. The rising burden of chronic conditions continues to play a major role. According to the WHO, approximately 41 million people die annually from noncommunicable diseases (NCDs), representing 74% of total global deaths. Among these, cardiovascular diseases account for 17.9 million deaths, followed by cancer with 9.3 million, chronic respiratory diseases with 4.1 million, and diabetes (including diabetes-related kidney disease) with 2.0 million fatalities each year.

In addition, government initiatives and new service offerings are further boosting market growth. For example, in 2020, the Centers for Medicare & Medicaid Services (CMS) added 11 new procedures, including hip replacement surgeries, to the list of services covered at ambulatory surgical centers (ASCs). Furthermore, 267 musculoskeletal-related procedures are now eligible for Medicare coverage when performed in ASCs. These updates are expected to improve affordability for patients while encouraging the adoption of safer, less invasive technologies.

Key Market Highlights:

• North America held the largest share of around 38.78% in 2022.
• Asia Pacific is projected to record the fastest growth in the forecast period.
• By type, the primary care offices segment accounted for the largest share of 48.6% of overall revenue in 2022.

Download a free sample PDF of the Ambulatory Services Market Intelligence Study from Grand View Research.

Market Performance:

• 2022 Market Size: USD 791.4 Billion
• 2030 Projected Market Size: USD 1.2 Trillion
• CAGR (2023–2030): 5.29%
• North America: Largest market in 2022
• Asia Pacific: Fastest growing market

Prominent Companies & Market Dynamics:

The market is highly competitive, with several providers of ambulatory services adopting strategies such as new service launches, partnerships, collaborations, and geographic expansion to strengthen their market presence.

• In January 2023, McLeod Health partnered with Wesmark Ambulatory Surgery Center to expand hospital system reach and provide multi-specialty ambulatory services to the Sumter community.
• In November 2021, Tenet Healthcare Corporation’s subsidiary, United Surgical Partners International (USPI), acquired SurgCenter Development (SCD), including its 92 ambulatory surgical centers (ASCs) and related support services.

Key Companies:

• Envision Healthcare Corporation
• Surgery Partners
• NueHealth (Nueterra Healthcare)
• Terveystalo Healthcare
• Hospital Corporation of America (HCA) Management Services, L.P
• Aspen Healthcare
• Healthway Medical Group
• Medical Facilities Corporation
• AQuity Solutions

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The ambulatory services market is experiencing steady growth, supported by rising demand for outpatient procedures and cost-effective care alternatives. Increasing prevalence of chronic diseases, combined with advancements in minimally invasive techniques, is driving adoption across regions. Government support and favorable reimbursement policies are further enhancing accessibility. With Asia Pacific emerging as a high-growth region, providers are focusing on expansion strategies and partnerships to strengthen their global footprint. The market is set to evolve with innovations that prioritize patient safety, efficiency, and affordability.

Airsoft Guns Market Growth Drivers Boosting Outdoor Sports Trends

The global airsoft guns market size was estimated at USD 1,929.2 million in 2022 and is projected to reach USD 3,522.2 million by 2030, growing at a CAGR of 7.8% from 2023 to 2030. Rising interest among millennials in adventurous sports as a way to relieve stress from busy work schedules is expected to be a major driver of market growth.

In addition, the growing popularity of leisure activities such as target shooting and shooting sports, often featured in family entertainment centers, is projected to support market expansion in the coming years. However, increasing awareness about potential misuse and the risks associated with these devices is restraining market growth to some extent.

Airsoft guns are replicas of original firearms, designed to fire non-metallic projectiles using electric motors, spring mechanisms, or gas tanks. These guns are widely used in sports, law enforcement, and military training. In many countries, owners and enthusiasts are required to be part of official associations or federations, with regulatory frameworks in place to govern safe usage.

The market remains highly competitive with the presence of several private-label brands. A strong base of recreational users in North America and Europe is anticipated to sustain strategic operations in these regions. Moreover, manufacturers are increasingly launching products through cross-border e-commerce platforms to meet growing demand from millennials in Asia Pacific and the Middle East.

Key Market Highlights:

• North America accounted for the highest market share of around 38.4% in 2022.
• By product, the handgun segment held the largest market share of above 40% in 2022.
• By distribution channel, the online segment is projected to record the fastest CAGR of 8.2% during the forecast period.

Download a free sample PDF of the Airsoft Guns Market Intelligence Study from Grand View Research.

Market Performance:

• 2022 Market Size: USD 1,929.2 Million
• 2030 Projected Market Size: USD 3,522.2 Million
• CAGR (2023–2030): 7.8%
• North America: Largest market in 2022
• Middle East and Africa: Fastest growing market

Prominent Companies & Market Dynamics:

The development of hybrid airsoft guns is gaining strong traction as manufacturers increasingly adopt customer-centric and custom-manufacturing approaches. The growing appeal of realistic shooting simulation sports is also attracting participation from baby boomers and Gen X, creating new revenue opportunities for companies. For instance, U.K.-based Ace Group hosts adventurous airsoft gun battles each month.

Some key industry initiatives include:

• May 2022: Tokyo Marui Co. Ltd. unveiled new products at the Shizuoka Hobby Show 2022.
• January 2022: Umarex USA introduced the AirJavelin Pro Arrow Gun, a lightweight PCP rifle regulated at 1,500 psi, capable of firing up to 25 arrows at 370 feet per second.

Key Companies:

• VALKEN SPORTS
• Colt’s Manufacturing Company, LLC
• ICS Airsoft, Inc.
• Crosman Corporation
• Lancer Tactical Inc.
• Kriss USA
• G&G ARMAMENT TAIWAN LTD.
• Ballistic Breakthru Gunnery Corporation
• A&K Airsoft
• Tokyo Marui

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The airsoft guns market is witnessing consistent growth, driven by rising interest in recreational shooting sports and training applications. Expanding e-commerce channels and growing demand from developing regions are creating new opportunities for manufacturers. At the same time, innovation in hybrid designs and advanced replicas is shaping competitive strategies. However, regulatory scrutiny and concerns over misuse continue to challenge market expansion. As leisure and adventure sports gain momentum, the airsoft guns market is expected to evolve as a prominent segment within the global recreational equipment industry.

AI Data Center Market Leading Players Shaping Future Trends

The global AI data center market size was estimated at USD 13.62 billion and is projected to reach USD 60.49 billion by 2030, growing at a CAGR of 28.3% from 2025 to 2030. The market encompasses advanced infrastructure tailored for artificial intelligence (AI) workloads, including high-performance computing (HPC), machine learning (ML), deep learning, and generative AI applications.

These facilities are integrated with cutting-edge hardware such as GPUs, TPUs, AI accelerators, alongside optimized cooling and energy management systems to support heavy computational needs. Growth is being fueled by the widespread adoption of AI across industries like healthcare, finance, automotive, and telecommunications. Major trends shaping the market include the rise of hyperscale data centers for large-scale AI training, the expansion of edge computing for real-time processing, and rising investments in sustainable data center designs to reduce energy use. The growing adoption of AI-as-a-Service (AIaaS) and hybrid cloud models is further redefining enterprise AI infrastructure strategies. Currently, North America leads the market, followed by Asia-Pacific and Europe, with strong contributions from tech giants such as NVIDIA, Google, and Microsoft.

The market holds significant opportunities in developing energy-efficient and sustainable infrastructure. Innovations in liquid cooling, renewable energy integration, and modular designs are poised to enhance efficiency while addressing environmental challenges. The growth of edge AI in applications such as autonomous drones, robotics, and IoT devices presents additional lucrative prospects. Untapped opportunities also exist in emerging markets across Asia-Pacific, Latin America, and Africa, driven by rapid digital transformation and AI adoption. Moreover, advances in quantum computing and neuromorphic chips could redefine AI data centers, enabling faster and more efficient processing. Collaborations among governments, technology providers, and energy firms are expected to further accelerate growth by fostering innovation and infrastructure expansion. As AI becomes a core part of enterprise operations, the demand for specialized data centers will continue to surge, creating sustainable long-term opportunities.

Key Market Highlights:

• North America leads the global AI data center market, accounting for 36.6% in 2024.
• The U.S. dominates the North American AI data center market.
• By data center type, the Hyperscale segment accounted for a 34.4% share in 2024.
• By component, the hardware segment held the leading share of 54.4% in 2024.
• By deployment, the cloud-based segment accounted for 38.8% in 2024.

Download a free sample PDF of the AI Data Center Market Intelligence Study from Grand View Research.

Market Performance:

• 2024 Market Size: USD 13.62 Billion
• 2030 Projected Market Size: USD 60.49 Billion
• CAGR (2025–2030): 28.3%
• North America: Largest market in 2024

Prominent Companies & Market Dynamics:

The competitive landscape is highly dynamic. Hyperscalers are expanding cloud AI infrastructure, while semiconductor firms focus on GPUs and accelerators to power next-gen data centers. Hardware providers integrate AI into servers and networking, emphasizing edge and hybrid deployments. IT enterprises develop AI-driven storage and analytics, while network automation firms enhance data center efficiency. Across the board, companies are pursuing partnerships, ecosystem expansion, and vertical-specific AI solutions, with sustainability and energy efficiency serving as key competitive priorities.

• NVIDIA maintains market leadership through its industry-standard GPU technology and software ecosystem (CUDA, cuDNN, NVIDIA AI Enterprise). Its H100 GPUs and upcoming Blackwell architecture set benchmarks in performance for LLM training and generative AI. With DGX systems, BlueField DPUs, and Omniverse, NVIDIA has built a full-stack ecosystem. Strategic partnerships with hyperscalers and OEMs solidify its dominance.
• Microsoft leverages its Azure hyperscale infrastructure, integrated with AI services like Azure OpenAI and Copilot, offering enterprises scalable AI solutions. Exclusive access to OpenAI models and strong hybrid cloud offerings (Azure Stack) boost its competitive edge. Microsoft also emphasizes sustainability, embedding AI across its products, from GitHub Copilot to Dynamics 365, creating a sticky ecosystem.
• Amazon Web Services (AWS) leads with unmatched global scale, custom silicon (Trainium, Inferentia), and AI-first services (SageMaker, Bedrock). Its Nitro System enables secure, cost-effective workloads, while global coverage across 32 regions ensures low-latency AI. AWS’s acquisitions (e.g., Anthropic) and chipmaker collaborations strengthen its position as the go-to platform for enterprise AI infrastructure.

Key Companies:

• Hewlett Packard Enterprise Development LP
• Hitachi Vantara LLC
• Intel Corporation
• International Business Machines Corporation
• Juniper Networks, Inc.
• Microsoft Corporation
• NetApp
• Nutanix
• NVIDIA Corporation

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The AI data center market is undergoing rapid transformation, driven by the growing demand for advanced computing to power AI applications across industries. Innovations in hardware, sustainable infrastructure, and edge deployments are shaping the competitive landscape. Key players are focusing on partnerships, ecosystem expansion, and energy-efficient solutions to meet rising enterprise needs. Emerging technologies like quantum computing and neuromorphic chips are expected to further revolutionize the sector. With increasing digitalization worldwide, AI data centers will remain a cornerstone of technological growth, creating long-term opportunities for stakeholders.

Wi-Fi AS A Service Market Boosted by Cloud-Based Network Management Trends

The global Wi-Fi as a Service (WaaS) market was valued at USD 4.32 billion in 2021 and is projected to reach USD 24.36 billion by 2030, expanding at a compound annual growth rate (CAGR) of 21.4% from 2022 to 2030. This strong growth trajectory is primarily attributed to the increasing adoption of WaaS, driven by its cost-effectiveness and high scalability.

Rising demand for fast, reliable, and wide-reaching network coverage, along with the increasing implementation of air-gapped services, is fueling market expansion. The deployment of public Wi-Fi networks across a variety of industries—including BFSI, retail, manufacturing, and transportation & logistics—is playing a pivotal role in accelerating demand. Furthermore, organizations are increasingly turning to cloud-managed Wi-Fi solutions due to their flexibility, ease of deployment, and shorter product lifecycle, making them ideal for dynamic IT environments.

Wi-Fi as a Service enables real-time network monitoring and offers access to both live and historical usage data, helping businesses manage their networks more effectively. This makes WaaS particularly suitable for small and medium-sized businesses, temporary setups, and office relocations, as it can be remotely managed via a network operations center (NOC) that ensures rapid and dependable connectivity.

Security remains a core advantage of WaaS, particularly in Bring Your Own Device (BYOD) environments. BYOD integration allows for controlled access to network resources by personal devices, giving IT teams the ability to manage access rights, revoke device access, and remotely wipe data when necessary—enhancing security without compromising flexibility.

WaaS also replaces vulnerable consumer-grade systems with enterprise-level hardware and secure network services, providing users with greater stability, scalability, and advanced protection. The increasing prevalence of BYOD policies and the growing number of internet-connected devices in enterprise IT infrastructure are expected to significantly contribute to market growth during the forecast period.

Key Market Highlights:

• Asia Pacific (APAC) led the global market in 2021 with a 37% revenue share
• By component, the infrastructure segment dominated with around 45% of the revenue in 2021
• By location type, the indoor segment accounted for approximately 80% of the market share in 2021
• By organization size, large enterprises held the largest share at 52% in 2021
• By vertical, the BFSI segment led with 22% of total market revenue in 2021

Download a free sample PDF of the Wi-Fi as a Service Market Intelligence Study from Grand View Research.

Market Performance:

• 2021 Market Size: USD 4.32 Billion
• 2030 Projected Market Size: USD 24.36 Billion
• CAGR (2022–2030): 21.4%
• Leading Region (2021): Asia Pacific

Prominent Companies & Market Dynamics:

The WaaS market is highly consolidated, with intense competition among a number of key players. To gain a competitive edge, companies are focusing on product innovation, strategic partnerships, and technology upgrades. For example, Cisco Inc. introduced new solutions such as the Catalyst 9000X series switches, private 5G as a managed service, and advanced Wi-Fi 6E access points. These offerings are designed to help businesses digitize their infrastructure, support hybrid work models, and scale campus networks effectively.

Key Companies:

• Rogers Communication
• Juniper Networks Inc.
• Dell Technologies
• TP-Link
• Extreme Networks
• Fortinet
• Arista Networks
• D-Link Corporation
• Cambium Networks
• Superloop

Explore Horizon Databook – the most comprehensive market intelligence platform from Grand View Research.

Conclusion

The Wi-Fi as a Service market is on a strong growth path, fueled by increasing demand for scalable, secure, and cloud-managed network solutions. As organizations continue to prioritize flexible connectivity, BYOD policies, and real-time network management, WaaS is emerging as a key enabler of modern, agile IT environments.

Water Enhancer Market Growth Fueled by Rising Health-Conscious Choices

The global water enhancer market was valued at USD 2.51 billion in 2021 and is projected to reach USD 5.84 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The market's growth is largely driven by the increasing focus on nutritious water consumption and the widespread adoption of healthy dietary habits worldwide.

Water enhancers add flavor and nutritional value to plain water by incorporating vitamins, minerals, electrolytes, and other health-promoting ingredients. Their popularity is especially rising in developed regions, where consumers are becoming more conscious of maintaining a healthy lifestyle. However, the presence of potentially harmful chemical additives in some flavored water enhancers could act as a limiting factor for market expansion during the forecast period.

Rising health awareness globally continues to support the increased uptake of healthy beverage mixes, including water enhancers. Additionally, the growing preference for functional and energy-boosting hydration products, particularly among athletes and celebrities, is contributing to demand. The launch of functional water enhancers tailored to specific wellness needs is expected to offer new growth avenues for the market.

For example, in 2020, Zhou Nutrition entered the water enhancer space with six new flavors designed for various health benefits, such as stress relief, skin and hair health, and mental clarity. One of their notable launches includes the Hairfluence water enhancer in a watermelon flavor, enriched with herbal extracts and biotin, aimed at promoting strong and healthy hair. Other offerings from the brand include Glowfluence, Calm Now, Energy + Focus, Collagen Peptides, and Neuro-Peak water enhancers.

The expanding consumption of healthy and flavored water in emerging markets such as India and China is expected to present robust opportunities. The rising incidence of obesity and lifestyle-related health issues in these countries is likely to fuel the demand for nutrient-enriched water enhancers throughout the forecast period.

Key Market Highlights:

• Europe accounted for the largest revenue share of over 52.00% in 2021
• By product, the non-nutritional segment contributed over 52.00% of total revenue in 2021
• By form, the liquid segment held the leading share at more than 65.8% in 2021
• By distribution channel, the offline segment dominated with an 80% share in 2021

Download a free sample PDF of the Water Enhancer Market Intelligence Study from Grand View Research.

Market Performance:

• 2021 Market Size: USD 2.51 Billion
• 2030 Projected Market Size: USD 5.84 Billion
• CAGR (2022–2030): 9.8%
• Top Region (2021): Europe
• Fastest-Growing Region: Asia Pacific

Prominent Companies & Market Dynamics:

The increasing popularity of nutritional water enhancers such as Mio Energy and Mio Vitamin, developed by The Kraft Heinz Co., has opened up substantial opportunities within the market. New product development remains a key competitive strategy, with companies consistently introducing health-focused, flavored enhancers that cater to convenience and wellness trends.

Key Companies:

• SweetLeaf Stevia Sweetener
• Nuun
• Dyla LLC (Stur)
• 4C Foods
• Arizona Beverages USA
• Heartland Food Products Group
• Keurig Dr. Pepper
• Mondelez International
• Refresco

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global water enhancer market is gaining momentum due to rising health consciousness, increasing demand for functional beverages, and growing penetration in emerging economies. With innovation driving product variety and consumer appeal, the industry is poised for significant expansion in the coming years.

Wafer Processing Equipment Market Growth Fueled by Tech Innovations

The global wafer processing equipment market was valued at USD 8,710.5 million in 2023 and is forecasted to reach USD 12,895.3 million by 2030, expanding at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030. This growth is largely fueled by the surging demand for consumer electronics and the rapid development of next-generation technologies, including artificial intelligence (AI), 5G connectivity, and autonomous vehicles, all of which rely heavily on advanced semiconductor components.

The ongoing miniaturization trend in electronics continues to push the limits of semiconductor manufacturing, increasing the need for compact and highly integrated circuits. To meet these demands, semiconductor manufacturers are investing in cutting-edge wafer processing equipment, which is key to producing smaller, more efficient chips—further accelerating the market’s momentum.

This market includes a wide array of equipment used in the fabrication of semiconductor wafers, essential for powering modern electronics such as smartphones, laptops, and IoT devices. As technological advancement continues, manufacturers require more efficient, precise, and scalable processing tools to deliver high-performance semiconductor chips.

A major technological milestone driving industry transformation is the rise of extreme ultraviolet (EUV) lithography, which enables the creation of ultra-small chip features and is revolutionizing chip manufacturing processes. Additionally, the growing focus on clean energy and electric mobility is increasing the demand for power semiconductors, creating further opportunities for the wafer processing equipment industry.

The market’s growth is underpinned by the persistent need for next-gen semiconductor chips, spurred by the proliferation of connected devices like smartphones, wearables, and tablets. The evolution of AI, IoT, 5G infrastructure, and electric vehicles demands more complex and efficient chips, thereby necessitating the adoption of sophisticated wafer processing technologies.

There is also notable growth potential stemming from emerging technologies that require specialized semiconductor solutions. The rise of electric and autonomous vehicles is opening new avenues, given their dependence on advanced semiconductor systems. Similarly, the global acceleration towards renewable energy and wider 5G deployment is expected to drive demand for advanced chip fabrication tools—offering attractive growth prospects for manufacturers in this space.

Key Market Highlights:

• Asia Pacific held the leading position with a 47.58% share of global revenue in 2023
• China is forecasted to grow at a notable CAGR of 6.9% from 2024 to 2030
• By process, the deposition segment led with the largest market share of 29.3% in 2023
• By application, the sensors segment dominated with a 41.1% share of global revenue in 2023

Download a free sample PDF of the Wafer Processing Equipment Market Intelligence Study from Grand View Research.

Market Performance:

• 2023 Market Size: USD 8,710.5 Million
• 2030 Projected Market Size: USD 12,895.3 Million
• CAGR (2024–2030): 5.8%
• Top Region (2023): Asia Pacific

Prominent Companies & Market Dynamics:

The wafer processing equipment sector is home to several leading global players that drive innovation through advanced technologies, strategic collaborations, and global supply chain optimization.

• Applied Materials, Inc. is a global leader known for its extensive portfolio serving the semiconductor and display industries. The company’s advanced systems and services are integral to producing virtually every high-performance chip and next-generation display. Applied Materials continues to play a pivotal role in powering the digital transformation across sectors.
• ASML Holding N.V. holds a critical position in the semiconductor value chain, especially as a leader in photolithography equipment. Specializing in cutting-edge lithography systems, ASML’s tools are instrumental in enabling chipmakers to fabricate intricate integrated circuits, particularly as demand for EUV technology accelerates.

Key Companies:

• DISCO
• Hitachi Kokusai Linear
• KLA Corporation
• Lam Research Corporation
• Motorola Solutions, Inc.
• Nikon Corporation
• Plasma-Therm
• SPTS Technologies Ltd

Explore Horizon Databook – the world’s most comprehensive market intelligence platform from Grand View Research.

Conclusion

The wafer processing equipment market is poised for steady growth as the demand for smaller, faster, and more energy-efficient semiconductor devices continues to climb. Driven by technological innovation and emerging applications in automotive, consumer electronics, and telecommunications, the market offers significant opportunities for players across the value chain.

Vitamin and Mineral Premixes Market Growth Fueled by Fortification

The global vitamin and mineral premixes market was valued at USD 6.72 billion in 2024 and is expected to grow to USD 9.73 billion by 2030, registering a CAGR of 6.4% between 2025 and 2030. Growth in this market is fueled by increasing consumer health consciousness, the rising popularity of fortified foods and beverages, and a stronger emphasis on preventive healthcare.

Consumers are increasingly looking for products that enhance immunity, energy levels, and general wellness. This trend is prompting food, beverage, and supplement producers to adopt customized nutrient premixes tailored to specific health needs. Furthermore, shifting lifestyles, an aging global population, and rising demand in pet nutrition and animal feed sectors are accelerating the adoption of tailored premix solutions across regions.

The industry is experiencing strong global growth as more individuals prioritize proactive health management. With heightened interest in maintaining long-term wellness, consumers are seeking functional products that provide benefits beyond basic nutrition. This evolving demand is encouraging manufacturers to innovate with nutrient-rich blends, supporting widespread use across product categories. According to the 2023 International Food Information Council (IFIC) report, nearly 72% of consumers reported actively seeking foods that deliver added health benefits.

In the animal nutrition sector, vitamin and mineral premixes are essential for enhancing immune health, bone strength, metabolism, and reproduction. As modern farming methods evolve and scale, premixes provide a reliable and cost-efficient method for consistent micronutrient delivery, particularly in large-scale livestock operations.

Key Market Highlights:

• Asia Pacific held the largest share of the global market at 41.48% in 2024
• India is projected to experience the highest CAGR from 2025 to 2030
• By application, the animal feed segment accounted for 42.88% of global revenue in 2024
• By form, the powder/dry segment dominated with a 75.16% share in 2024
• By product, vitamin and mineral blends led with a 40.78% share of global revenue in 2024

Download a free sample PDF of the Vitamin and Mineral Premixes Market Intelligence Study from Grand View Research.

Market Performance:

• 2024 Market Size: USD 6.72 Billion
• 2030 Projected Market Size: USD 9.73 Billion
• CAGR (2025–2030): 6.4%
• Leading Region (2024): Asia Pacific

Prominent Companies & Market Dynamics:

The vitamin and mineral premixes industry is highly competitive and shaped by diverse regional and cultural preferences, prompting brands to offer customized solutions. Innovation is a key feature of this space, with frequent introductions of new formulations, ingredients, and product types to meet evolving consumer demands. This constant innovation is spurring new brand launches and increasing market fragmentation.

Manufacturers are enhancing their market reach through strategic distribution expansions, targeted marketing campaigns, and efficient production methods that allow for competitive pricing. In addition, many companies are adopting sustainability practices to appeal to environmentally conscious consumers. Brand share analysis is crucial for assessing competition, identifying growth opportunities, and guiding strategic decisions in this dynamic market.

Key Companies:

• NAGASE & CO., LTD.
• Archer Daniels Midland Company (ADM)
• Nutreco
• dsm-firmenich
• Glanbia PLC
• Corbion
• SternVitamin GmbH & Co. KG
• Barentz
• FENCHEM
• AMINO GmbH

Explore Horizon Databook – the world’s most extensive market intelligence platform by Grand View Research.

Conclusion

The global vitamin and mineral premixes market is on a steady growth trajectory, driven by changing consumer lifestyles, rising interest in wellness, and increasing demand for fortified and functional products. Strategic innovation, regional customization, and sustainability initiatives will remain pivotal in shaping the future of this market.

Vehicle-to-grid Technology Market Growth Trends and Innovations Ahead

The global vehicle-to-grid (V2G) technology market was valued at USD 3,450.1 million in 2023 and is anticipated to reach USD 17,882.0 million by 2030, registering a compound annual growth rate (CAGR) of 26.6% from 2024 to 2030. The market is witnessing strong momentum due to several influential factors.

A primary driver is the rising adoption of electric vehicles (EVs), as growing environmental awareness and supportive policies accelerate the shift to EVs. This transition expands the potential base of vehicles capable of two-way energy exchange. V2G technology enables EVs to not only draw power from the grid but also feed excess energy back into it, thereby improving grid reliability and operational efficiency.

Additionally, the opportunity for EV owners to earn revenue by selling stored power to the grid adds an appealing economic benefit, enhancing the attractiveness of V2G systems for both personal and commercial users. Continued advancements in battery systems and smart grid infrastructure are also making the deployment of V2G solutions more feasible, supporting the shift towards cleaner and more sustainable energy networks. Collectively, these factors position V2G as an essential element in the future of energy distribution and management.

The growing demand for renewable energy sources further reinforces the need for innovative grid-balancing solutions like V2G. Government incentives and favorable policies are also driving adoption by encouraging integration of V2G technologies to alleviate peak load issues and reduce energy expenses.

However, the market does face notable barriers to widespread deployment. A key challenge is the absence of universal standards and regulatory clarity, which creates complications in system interoperability and market development. Additionally, low consumer awareness and limited understanding of the technology hinder faster adoption. Concerns about data privacy and cybersecurity in EV-to-grid communication also present risks that need to be addressed.

Key Market Highlights:

• North America led the global market with a revenue share of 38.48% in 2023.
• By vehicle type, the Battery Electric Vehicle (BEV) segment held the largest revenue share at 72.38% in 2023.
• In terms of components, Electric Vehicle Supply Equipment (EVSE) accounted for the highest share at 40.00% in 2023.
• By application, the domestic segment dominated with a 72.29% share in 2023.

Download a free sample PDF of the Vehicle-To-Grid Technology Market intelligence study from Grand View Research.

Market Performance:

• 2023 Market Size: USD 3,450.1 Million
• 2030 Projected Market Size: USD 17,882.0 Million
• CAGR (2024–2030): 26.6%
• Leading Region (2023): North America

Prominent Companies & Market Dynamics:

The V2G market is characterized by intense competition, with several major players operating at a global scale. These companies are actively pursuing strategic alliances and technological innovation to strengthen their V2G offerings and support the global transition to sustainable energy. The increasing demand for energy-efficient technologies and heightened awareness among consumers further enhance the market’s growth trajectory.

Key Players:

• ABB Ltd.
• AC Propulsion Inc.
• Denso Corporation
• Edison International
• Engie Group
• Groupe Renault
• NRG Energy Inc.
• Nuvve Corporation
• OVO Energy Ltd.
• Toyota Shokki

Explore Horizon Databook – the most comprehensive market intelligence platform developed by Grand View Research.

Conclusion

The vehicle-to-grid technology market is poised for significant expansion as it aligns with global goals for decarbonization and grid modernization. Continued investment, innovation, and regulatory progress will be critical to unlocking the full potential of V2G systems in the coming years.

Tree Nuts Market Witnesses Surge Amid Rising Vegan and Plant-Based Diets

The global tree nuts market was valued at USD 42.7 billion in 2021 and is expected to grow to USD 109.7 billion by 2030, with a compound annual growth rate (CAGR) of 11.1% from 2022 to 2030. This growth is largely driven by a global shift in consumer priorities toward health and wellness, as well as evolving dietary patterns.

The COVID-19 pandemic caused significant disruptions to the supply chain and distribution channels for tree nuts, including the closure of restaurants, bakeries, and other food industries. However, the market also benefited from increased consumer focus on healthy, convenient, and plant-based foods, which became a priority during lockdowns and travel restrictions.

Global demand for tree nuts is rising, with almonds and cashews being particularly prominent. Almonds, in particular, are highly popular due to their perceived health benefits and widespread availability, leading to a strong market presence. The rise of e-commerce has also made tree nuts more accessible to consumers worldwide, further boosting market penetration.

In 2021, the almonds product segment was the market leader, driven by its popularity among millennials and the growing vegan population. California's Central Valley is a major global hub for tree nut production, with its favorable climate enabling it to dominate the international market for crops such as almonds, walnuts, and pistachios.

Key Market Highlights:

• Europe led the market, holding a share of over 30.0% in 2021.
• The almonds segment accounted for over 30.0% of the total revenue in 2021.
• The whole segment constituted over 70.0% of the global revenue in 2021.
• Online distribution channels made up over 50.0% of the global revenue in 2021.

Order a free sample PDF of the Tree Nuts Market Intelligence Study, published by Grand View Research.

Market Performance:

• 2021 Market Value: USD 42.7 Billion
• 2030 Forecast Value: USD 109.7 Billion
• CAGR (2022-2030): 11.1%
• Largest Region (2021): Europe

Prominent Companies & Market Dynamics:

The market is competitive, with key players employing strategies such as new product launches, innovation, geographic expansion, and mergers & acquisitions to grow their market share. Companies are focusing on innovative uses for nuts to attract consumers. For example, in February 2020, Mariani Nut Co. introduced new flavored almond products.

Key Companies:

• Diamond Foods
• Montagu Snacks
• Golden Peanut and Tree Nuts
• Baja
• Sun Valley
• Select Harvests Limited
• Blue Diamonds Growers
• Mariani Nut
• Lone Tree Nut Company, Inc.
• Waterford Nut Co.
• Olam Group

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global tree nuts market is experiencing significant expansion, propelled by a growing consumer preference for health-conscious and plant-based diets. Despite initial disruptions from the pandemic, the market benefited from a shift in consumer spending toward healthy foods. Almonds, in particular, are a dominant product segment, supported by their popularity and availability. The market is highly competitive, with companies focusing on innovation and strategic expansions to capture a larger share.

Sweetened Condensed Milk Market Poised for Expansion in Emerging Regions

The sweetened condensed milk market was valued at $9.01 billion in 2024 and is projected to reach $11.43 billion by 2030, showing a compound annual growth rate (CAGR) of 4.1% from 2025 to 2030. The market's expansion is primarily fueled by the increasing use of sweetened condensed milk as a key ingredient in a variety of recipes, including cakes, cookies, and puddings, by both commercial and household consumers.

A significant driver of this growth is the rising demand for bakery and confectionary products. This encompasses items from traditional bakeries, packaged goods, and custom-ordered desserts, all of which heavily rely on sweetened condensed milk. Additionally, the growing popularity of home cooking and baking, enabled by the wider availability of kitchen appliances and online resources, is contributing to a surge in demand for sweetened condensed milk products.

The growing availability and accessibility of a wide range of home kitchen appliances have fueled the rising trend of home cooking and baking. Easy access to information and the convenience of conducting business through online platforms have further encouraged more individuals to explore home baking, boosting the demand for sweetened condensed milk.

The product’s presence in multiple packaging formats and sizes offers convenience for both household and commercial users. Its appealing attributes—such as enhanced flavor, nutritional value, and high-calorie content—have contributed to its increasing popularity.

Thanks to its simple formulation, sweetened condensed milk has been incorporated into the diverse product portfolios of numerous consumer goods and dairy companies. It remains a key ingredient in various traditional confectionery recipes as well as modern culinary creations. Additionally, it is frequently used as a spread or topping in a wide variety of food servings.

Key Market Highlights:

• Europe held the largest share of the global market in 2024, with 37.0% of the revenue.
• Within Europe, Germany was the dominant market in terms of revenue share in 2024.
• Unflavored sweetened condensed milk was the leading product segment, accounting for 73.0% of the market's revenue share in 2024.
• Cans were the most popular packaging type in the global industry in 2024.

Order a free sample PDF of the Sweetened Condensed Milk Market Intelligence Study, published by Grand View Research.

Market Performance:

• 2024 Market Value: $9.01 Billion
• 2030 Forecast Value: $11.43 Billion
• CAGR (2025-2030): 4.1%
• Largest Region (2024): Europe
• Fastest-Growing Region: Asia Pacific

Prominent Companies & Market Dynamics:

Key players in the market include Eagle Family Foods Group LLC, Nestlé, Fraser & Neave Holdings Bhd, Amul (GCMMF), and Vinamilk. These companies are adopting strategies such as expanding their product portfolios, introducing innovative packaging, and improving distribution networks to meet the growing competition and demand from commercial customers.

• Amul (GCMMF): This company, a specialist in dairy products, offers "Amul Mithai Mate," a sweetened condensed milk product available in various sizes for both home and commercial use.
• Nestlé: A major player in the consumer products industry, Nestlé offers "NESTLÉ MILKMAID" in multiple varieties and packaging options, including individual packs and festive kits.

Key Companies:

• Eagle Family Foods Group LLC
• Nestlé
• Fraser & Neave Holdings Bhd
• Amul (GCMMF)
• Vinamilk
• Dutch Lady Milk Industries Bhd
• Belgorod Dairy Products OJSC
• Goya Foods, Inc.
• Magnolia
• DANA DAIRY GROUP

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global sweetened condensed milk market is experiencing robust growth, driven by its increasing use in both commercial and home baking. The rising demand for bakery and confectionery products, coupled with the growing trend of home cooking, is a key factor fueling this expansion. The market is highly competitive, with major players adopting strategies to enhance their product offerings and distribution channels. This trend is expected to continue, solidifying the product's role as a staple ingredient in kitchens worldwide.

Stucco Market Expands as Home Renovation and Remodeling Projects Rise

The global stucco market size was valued at USD 13.55 billion in 2024 and is projected to reach USD 17.65 billion by 2030, growing at a CAGR of 4.5% from 2025 to 2030. This growth is fueled by rising demand across residential and commercial construction projects. Stucco, known for its versatility and durability, serves both decorative and functional purposes, offering an appealing exterior finish while providing structural protection.

With its increasing use in contemporary architecture and renovation works, stucco has become a preferred choice for walls, ceilings, and ornamental applications. It offers natural insulation, helping reduce energy consumption and the carbon footprint of buildings. Moreover, as builders and homeowners lean toward materials that are long-lasting and require minimal upkeep, stucco’s resistance to moisture and fire further strengthens its market position.

Key growth drivers include rapid urbanization, a booming housing sector, and greater infrastructure investments, particularly in developing nations. Supportive government initiatives for sustainable building materials, along with the popularity of Mediterranean and Spanish-style designs, are boosting market adoption. Additionally, technological advancements in synthetic stucco (EIFS – Exterior Insulation and Finish Systems) have broadened its applications in modern construction.

Key Market Insights:

• Asia Pacific led the global market, holding the largest revenue share of around 40.0% in 2024.
• By material, the cement-based segment was the top performer, capturing a 63.0% revenue share in 2024.
• By application, the residential segment dominated, accounting for 56.3% of the revenue share in 2024.

Order a free sample PDF of the Stucco Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 13.55 Billion
• 2030 Projected Market Size: USD 17.65 Billion
• CAGR (2025-2030): 4.5%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Leading market players include BASF SE and Sika AG.

• BASF SE – A global leader in chemical manufacturing, BASF offers high-performance construction materials, including advanced stucco systems. Its formulations emphasize durability, energy efficiency, and sustainability, meeting green building standards. With expertise in synthetic and EIFS-based stucco, BASF’s global presence and innovation make it a key industry player.
• Sika AG – This Swiss multinational specializes in construction and industrial chemicals, delivering a broad portfolio of stucco solutions, such as pre-mixed plasters and EIFS, that combine aesthetics with thermal performance. Strong R&D capabilities and a global distribution network enable Sika to serve both infrastructure and residential markets.

Emerging participants in the stucco market include RPM International Inc. and The Quikrete Companies, Inc.

• RPM International Inc. – Based in the U.S., RPM offers decorative and protective stucco systems through its subsidiary, Dryvit Systems, a leader in EIFS and synthetic stucco. The company focuses on combining visual appeal with energy efficiency and maintains strong market coverage in North America and Europe.
• The Quikrete Companies, Inc. – As one of North America’s largest producers of packaged concrete and cement products, Quikrete provides easy-to-apply stucco mixes for professionals and DIY users. Known for durability and affordability, its products are widely used for interior and exterior projects, particularly in the residential segment.

Key Players

• BASF SE.
• Sika AG
• RPM International Inc.
• The Quikrete Companies, Inc.
• Cemex
• GCP Applied Technologies Inc.
• Sto Corp.
• Omega Products International, Inc.
• Dryvit Systems, Inc.
• Merlex Stucco, Inc.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global stucco market is experiencing steady growth, driven by expanding residential and commercial construction activities worldwide. Its versatility, durability, and aesthetic appeal make it a preferred choice for walls, ceilings, and decorative elements in both modern and traditional designs. Increasing focus on energy efficiency and low-maintenance materials further boosts its demand, supported by government incentives for sustainable building solutions. Rapid urbanization, infrastructure development, and evolving architectural trends, including Mediterranean and Spanish-style designs, are contributing to its adoption. Advancements in synthetic stucco and EIFS technology are also broadening its applications. With strong competition among established and emerging players, the market is expected to remain dynamic and innovation-driven.

South Africa Dietary Supplements Market Growth Boosted by Health Awareness

The South Africa Dietary Supplements Market was valued at USD 1.06 billion in 2024 and is expected to reach USD 1.88 billion by 2030, expanding at a CAGR of 9.9% from 2025 to 2030. This growth is fueled by rising health consciousness and a shift toward preventive healthcare. Consumers are increasingly aware of the role nutrition plays in supporting immune function and overall wellness, moving from reactive treatment toward proactive disease prevention. This trend is particularly significant given the country’s high incidence of chronic conditions such as obesity, cardiovascular diseases, and diabetes. Additionally, the aging population is driving demand for supplements targeting age-related concerns, including osteoporosis, arthritis, and heart disease, reinforcing the market’s focus on long-term health solutions.

The steady rise in disposable income and an expanding middle class have also boosted investment in health and wellness products. As reported by CNBC Africa in February 2025, South Africa saw an 11.9% increase in average take-home pay between December 2023 and December 2024, enhancing consumer purchasing power. This economic uplift allows for greater spending on premium dietary supplements. Moreover, the growing preference for natural, organic, and plant-based products aligns with the global clean-label movement, prompting manufacturers to innovate sustainable, chemical-free formulations.

Key Market Insights:

• By form: Tablets accounted for the largest revenue share at 31.3% in 2024, particularly favored by older consumers and healthcare professionals.
• By type: The OTC segment led with a 78.0% revenue share in 2024, offering convenience without requiring medical prescriptions—an attractive option for younger adults and busy professionals.
• By application: Immunity-related supplements dominated in 2024, with high demand for Vitamin C, Zinc, elderberry, and echinacea across age groups.
• By end-use: Adults aged 25–55 represented the largest consumer group, using supplements for chronic health conditions, fitness goals, beauty enhancement, and stress management.
• By distribution channel: Offline channels remained dominant in 2024, with trusted pharmacy chains like Clicks and Dis-Chem providing professional guidance, and supermarkets ensuring accessibility to everyday health products.

Order a free sample PDF of the South Africa Dietary Supplements Market Intelligence Study, published by Grand View Research.

Market Size & Forecast:

• 2024 Market Size: USD 1.06 Billion
• 2030 Projected Market Size: USD 1.88 Billion
• CAGR (2025–2030): 9.9%

Key Companies & Market Share Insights:

Prominent market players include Amway Corp.; Herbalife International, Inc.; Abbott; Bayer AG; Centrum (Haleon South Africa (Pty) Ltd.); Pfizer Inc.; GNC Holdings Inc.; Nestlé Health Science; Nature's Sunshine Products, Inc.; and NOW Foods.

• Herbalife International, Inc. operates through a direct-selling MLM model with around 670,000 independent distributors worldwide. The brand specializes in weight management, sports nutrition, and energy supplements such as protein shakes and herbal teas, distributed via local representatives and wellness coaches.
• Centrum, managed by Haleon South Africa, offers multivitamins tailored to local needs. Widely available in pharmacies, supermarkets, and online, Centrum products—such as Adult, Select 50+, and Immune Support—emphasize energy, immunity, and bone health through scientifically balanced formulations.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The South Africa dietary supplements market is experiencing steady growth, driven by rising health consciousness, a proactive approach to preventive care, and an aging population seeking solutions for age-related conditions. Increasing disposable incomes and a growing middle class are enabling greater investment in health and wellness products, while consumer preference for natural, organic, and clean-label supplements is shaping product innovation. Tablets remain the most preferred form, with OTC supplements dominating due to convenience and accessibility. Immunity support products are particularly popular across age groups, and adults form the largest consumer segment. Pharmacies and supermarkets continue to play a pivotal role in product distribution, ensuring trust, accessibility, and variety for consumers.