Soybean Meal Market Analysis: Asia Pacific Leads Market Share

The global soybean meal market size was estimated at USD 120.34 billion in 2023 and is projected to reach USD 162.91 billion by 2030, expanding at a CAGR of 4.5% from 2024 to 2030. The market growth is driven by the rising global demand for protein-rich animal feed, particularly in the expanding livestock and poultry sectors.

Soybean meal, a byproduct of soybean processing, is highly valued for its rich protein profile and nutritional properties. Rising population levels and growing disposable incomes are fueling higher meat consumption, which in turn increases the demand for protein-rich feed. Its versatility in feed formulations, coupled with cost-effectiveness, further boosts adoption.

Beyond animal nutrition, soybean meal is increasingly being recognized for its role in sustainable diets. It is widely used in vegetarian and vegan food products, including meat substitutes, bakery items, and snacks, supporting the trend toward plant-based protein sources. As global food manufacturers continue to prioritize sustainability and cost efficiency, soybean meal is expected to see growing demand as a reliable protein alternative.

However, the supply chain is influenced by climatic factors, as droughts, floods, and other extreme weather events impact crop yields, leading to price volatility. Despite these challenges, sustainability concerns are expected to strengthen demand, as soybean meal production requires fewer resources compared to animal protein sources, aligning with consumer and industry efforts to reduce environmental impact.

Key Market Insights:

• Asia Pacific dominated the global soybean meal market in 2023 and is projected to grow at the fastest CAGR of 5.09% from 2024 to 2030.
• China accounted for the largest share of the Asia Pacific soybean meal market in 2023.
• By nature, the conventional segment captured the largest revenue share in 2023.
• By end-use, the animal feed segment led the market in 2023.

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Market Size & Forecast:

• 2023 Market Size: USD 120.34 Billion
• 2030 Projected Market Size: USD 162.91 Billion
• CAGR (2024–2030): 4.5%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights:

The market is moderately fragmented with global and regional players expanding their footprint through processing and distribution networks.

• Kohinoor Feeds offers a diverse portfolio, including soya flakes, refined and crude oil, flour, meal, yellow maize, and white sugar.
• Nordic Soya Ltd. operates a major processing facility in Hamina, Finland, serving both the Finnish and wider European markets.

Emerging participants include The Scoular Company and Wilmar International:

• The Scoular Company maintains strong operations across North America with global trading and distribution capabilities.
• Wilmar International, headquartered in Singapore, is a leading agribusiness player with operations spanning Asia and Africa, offering oilseed crushing, flour and rice milling, edible oils refining, and ready-to-eat meal solutions.

Key Players:

• The Scoular Company
• Kohinoor Feeds and Fats Pvt. Ltd.
• AdamPolSoya
• Louis Dreyfus Company B.V.
• Perdue Farms
• Agrocorp International Pte Ltd
• Yihai Kerry Investments Co., Ltd.
• Nordic Soya Ltd.
• Irwing Soya
• Wilmar International

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Conclusion:

The soybean meal market is set for steady growth, supported by rising demand for protein-rich animal feed, expanding applications in plant-based food products, and increasing emphasis on sustainable protein sources. While supply volatility due to climate conditions poses a challenge, the market outlook remains positive, with Asia Pacific emerging as a key growth hub through 2030.

Refinancing Market Drivers: Low-Interest Rates and Government Programs

The global refinancing market size was valued at USD 18.09 billion in 2021 and is projected to reach USD 34.04 billion by 2030, expanding at a CAGR of 7.5% from 2022 to 2030. Growth is primarily fueled by increasing investments from banks and financial institutions in advanced technologies to deliver improved refinancing services, enhancing overall customer experience.

Financial institutions are offering diverse refinancing options, including fixed-rate mortgages and loans at lower interest rates, which are key drivers of market expansion. To address barriers such as lower income levels that limit refinancing eligibility, several players are launching innovative solutions. For example, in July 2021, Ally Home, the lending arm of Ally Bank, introduced RefiNow, a refinancing solution designed to support customers who face challenges in qualifying due to income constraints or other limitations.

Technology adoption is also playing a pivotal role. Lenders are increasingly leveraging artificial intelligence (AI) and machine learning (ML) to automate mortgage processing and streamline approvals. Digital tools, such as mortgage calculators, provide borrowers with valuable insights into interest rates, loan terms, and potential savings, helping them make more informed refinancing decisions.

Government programs have further boosted refinancing adoption, particularly among low-income groups. In the U.S., initiatives such as FHA refinance loans, VA refinance loans, and USDA refinance loans have been instrumental in making refinancing accessible to a wider demographic. However, the relatively high costs associated with refinancing remain a challenge that could restrain growth during the forecast period.

Key Market Insights:

• North America accounted for the largest revenue share of over 30.0% in 2021.
• By type, the fixed-rate mortgage refinancing segment held the largest share at over 40.0% in 2021.
• By deployment, the on-premises segment dominated with a share of over 68.0% in 2021.
• By end-use, the personal segment led the market in 2021, capturing more than 72.0% of the global revenue.

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Market Size & Forecast:

• 2021 Market Size: USD 18.09 Billion
• 2030 Projected Market Size: USD 34.04 Billion
• CAGR (2022–2030): 7.5%
• North America: Largest market in 2021
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

The refinancing market is fragmented, with players pursuing partnerships, collaborations, and product launches to strengthen their portfolios. Companies are adopting digital innovations like AI and ML to streamline services and improve customer engagement. New product offerings are designed to provide borrowers with greater flexibility, particularly in managing financial obligations during challenging times such as the pandemic.

In addition, regional expansion strategies have enabled firms to extend their refinancing services into new geographies, increasing customer reach and revenue growth. These combined efforts underscore the market’s competitive nature and its emphasis on enhancing customer accessibility and experience.

Key Players:

• WELLS FARGO & COMPANY
• Bank of America
• ALLY FINANCIAL INC
• JPMorgan Chase & Co.
• Rocket Companies, Inc.
• Citigroup Inc.
• RefiJet

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Conclusion:

The refinancing market is poised for steady growth, supported by technology integration, government-backed initiatives, and innovative financial products designed to improve accessibility and affordability. While high refinancing costs remain a challenge, ongoing advancements in digital solutions and increasing demand for flexible loan options are expected to sustain market expansion through 2030.

Potash Market Forecast: Asia Pacific Leading Global Demand

The global potash market size was estimated at USD 62,374.0 million in 2024 and is projected to reach USD 93,501.2 million by 2032, growing at a CAGR of 5.3% from 2025 to 2032. The increasing global population continues to drive food and agricultural demand, directly influencing the growth of the potash industry.

As food demand rises, farmers rely on fertilizers to enhance productivity and ensure higher crop yields. Potash plays a critical role in improving root development, nutrient uptake, and overall plant health. In the U.S., where agriculture remains one of the strongest economic sectors, the demand for potash is consistently high. This demand is supported by large-scale crop cultivation, soil fertility management, precision farming practices, specialty crop adoption, technological innovation, and favorable government initiatives. These factors collectively ensure stable and sustained market growth in the country.

Globally, potash remains a vital input in agriculture as it is the primary source of potassium, a key nutrient for plant growth. Potassium chloride (KCl) dominates the market as the most widely consumed form. Increasing demand for food security, higher crop productivity, and soil health management continue to be the main growth drivers. Potash not only improves yields but also enhances resistance to drought and diseases, thereby improving both the quality and quantity of agricultural output.

Asia Pacific, particularly China and India, along with Latin America and North America, represent the largest consumer bases due to extensive commercial farming. On the supply side, Canada, Russia, Belarus, and China are the leading producers, with Canada’s Saskatchewan region holding the world’s largest reserves. Market dynamics are significantly influenced by production capacity, long-term contracts, trade policies, and geopolitical developments. For example, sanctions on Belarusian exports and disruptions caused by the Russia-Ukraine conflict have tightened global supply in recent years.

Additionally, the rising focus on sustainable agriculture and premium crop cultivation has created opportunities for low-chloride potash variants, such as potassium sulfate (SOP) and potassium nitrate. These products are increasingly adopted in fruits, vegetables, and horticulture segments, further expanding market opportunities.

Key Market Insights:

• Asia Pacific dominated the market with a revenue share of more than 38.4% in 2024.
• The China potash market is expected to witness robust growth during the forecast period.
• By product, the potassium chloride segment held the largest share at 53.0% in 2024.
• By end-use, the agriculture segment accounted for 93.1% of the market in 2024.

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Market Size & Forecast:

• 2024 Market Size: USD 62,374.0 Million
• 2032 Projected Market Size: USD 93,501.2 Million
• CAGR (2025–2032): 5.3%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights:

Key companies in the market focus on strengthening production capacity, expanding geographic reach, and developing specialty fertilizer offerings. For example, K+S Aktiengesellschaft operates across multiple regions with two major business segments—Potash and Magnesium Products, and Salt. Its extensive portfolio of potassium chloride, magnesium sulfate, and specialty fertilizers serves industries ranging from agriculture and pharmaceuticals to water treatment, making it a vital player in the global fertilizer market.

Key Players:

• JSC Belaruskali
• Compass Minerals Intl. Ltd.
• Mosaic Company
• Uralkali
• Rio Tinto Ltd.
• BHP Billiton Ltd.
• Eurochem
• Red Metal Ltd.

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Conclusion:

The potash market remains integral to global agriculture, with demand firmly supported by population growth, food security needs, and advances in farming practices. While geopolitical challenges and supply constraints create volatility, ongoing investments in sustainable agriculture and specialty potash products are expected to open new growth avenues. With Asia Pacific leading consumption and Canada dominating supply, the market is well-positioned for steady expansion through 2032.

Gene Silencing Market Growth Driven by Rising Genetic Disorder Prevalence

The global gene silencing market size was valued at USD 9.92 billion in 2024 and is projected to reach USD 21.29 billion by 2030, growing at a CAGR of 13.8% from 2025 to 2030. Growth in the industry is fueled by the rising incidence of genetic disorders and chronic diseases, creating strong demand for targeted therapies such as RNA interference (RNAi) and antisense oligonucleotides (ASOs).

Ongoing advancements in delivery platforms, including lipid nanoparticles, have enhanced the stability and precision of gene silencing treatments. These innovations are widening their applicability to complex conditions such as neurological and cardiovascular disorders.

A major growth driver is the rising burden of chronic and genetic diseases, which has accelerated the adoption of novel therapeutic strategies. Gene silencing technologies, including RNAi and ASOs, specifically inhibit the expression of pathogenic genes, making them powerful tools to treat previously untreatable conditions. Their high precision and targeted nature are reshaping the therapeutic landscape.

The market is witnessing robust expansion, supported by continued innovation in gene silencing methods and increasing investment in personalized medicine. Emerging approaches such as CRISPR-based technologies, along with refined delivery mechanisms, are advancing clinical outcomes and strengthening the pipeline for new therapies. These breakthroughs are drawing significant funding and collaborations across the biotech ecosystem, highlighting the sector’s high growth potential.

Key Market Insights:

• North America captured the largest market share of 48.23% in 2024.
• By product and service, the products segment accounted for the largest revenue share in 2024.
• By application, the drug discovery & development segment dominated the market and held the largest revenue share in 2024.
• By end-use, the pharmaceutical & biotechnology companies segment accounted for 41.75% of the total revenue in 2024.

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Market Size & Forecast:

• 2024 Market Size: USD 9.92 Billion
• 2030 Projected Market Size: USD 21.29 Billion
• CAGR (2025–2030): 13.8%
• North America: Largest market in 2024

Key Companies & Market Share Insights:

Industry leaders are actively pursuing acquisitions, partnerships, and global expansions to strengthen their position. For example, Bio-Techne has strategically acquired firms with cutting-edge technologies to broaden its portfolio and market presence.

Recent Developments:

• January 2024: Biogen and Ginkgo Bioworks completed a gene therapy collaboration, expected to accelerate demand for next-generation therapies.
• December 2023: Swiss Agency for Therapeutic Products approved Libmeldy for treating early-onset metachromatic leukodystrophy, signaling stronger regulatory acceptance of gene therapies.
• May 2023: Novartis acquired a gene therapy candidate from Avrobio for USD 87.5 million, including AVR-RD-04, a hematopoietic stem cell therapy for cystinosis, to expand its rare disease pipeline.

Key Players:

• Revvity, Inc.
• Danaher
• Agilent Technologies
• GenScript
• Merck KGaA
• Thermo Fisher Scientific, Inc.
• Illumina

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Conclusion:

The gene silencing market is set for rapid expansion, driven by the convergence of advanced delivery systems, growing therapeutic applications, and strong investment inflows. With rising adoption in genetic disorders, oncology, and rare diseases, gene silencing technologies are emerging as a cornerstone of precision medicine. Overcoming delivery challenges and ensuring long-term safety will remain key priorities, but the industry’s outlook through 2030 is highly promising.

Gas Hydrates Market Growth Driven by Rising Global Energy Demand

The global gas hydrates market size was valued at USD 2.92 billion in 2024 and is projected to reach USD 3.99 billion by 2030, expanding at a CAGR of 5.4% from 2025 to 2030. Gas hydrates, commonly known as “flammable ice,” are crystalline compounds where water molecules form a lattice that traps natural gas—primarily methane—in solid form.

These deposits are mainly located in permafrost regions and deep-sea sediments, where low temperatures and high pressures provide favorable conditions for their formation. Considered a potential disruptor in the global energy landscape, gas hydrates hold significant promise as an alternative energy source given the vast reserves available across the world.

Rising global energy demand, coupled with the depletion of conventional fossil fuel reserves, is driving exploration into gas hydrates as a sustainable alternative. Advancements in extraction technologies are making commercial-scale utilization more feasible, particularly in energy-intensive regions such as Asia-Pacific. Countries including Japan, India, and China are investing substantially in R&D projects to unlock these reserves and strengthen energy security.

Despite their potential, gas hydrates face key challenges, including the complexity of extraction, high operational costs, and environmental concerns. Nevertheless, ongoing technological innovations and the growing global focus on cleaner energy solutions are expected to accelerate progress. If environmental and technical hurdles are effectively addressed, gas hydrates could play a pivotal role in bridging the energy gap while contributing to reduced carbon emissions.

Key Market Insights:

• Asia Pacific led the market, accounting for over 46.9% of global revenue in 2024.
• China dominated the Asia Pacific gas hydrates industry, holding a revenue share of more than 53.8%.
• By grade, the onshore gas hydrates segment held the largest revenue share of 54.5% in 2024.

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Market Size & Forecast:

• 2024 Market Size: USD 2.92 Billion
• 2030 Projected Market Size: USD 3.99 Billion
• CAGR (2025–2030): 5.4%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights:

The gas hydrates industry is shaped by the strategies of leading global and regional energy companies, which are investing in exploration and extraction technologies to commercialize this untapped resource.

• China Petroleum & Chemical Corporation (Sinopec): A state-owned energy and chemical conglomerate based in Beijing, Sinopec is one of the largest integrated oil and gas companies in China. The company operates across the full energy value chain, from exploration and production to refining, storage, and marketing.
• TotalEnergies SE: Headquartered in France, TotalEnergies is among the largest global integrated energy players. The company is active in oil and gas exploration, production, and refining, while also diversifying into renewable energy and low-carbon solutions.

Key Players:

• TotalEnergies SE
• Sinopec
• Shell Plc.
• PetroChina Company Limited
• Japan Petroleum Exploration Company Limited
• Oil and Natural Gas Corporation
• Gail Limited
• Chevron Corporation
• Woodside Inc.

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Conclusion:

The gas hydrates market is gaining momentum as global energy demand rises and traditional reserves decline. While technical and environmental challenges remain, continued advancements in extraction methods and strong government-backed R&D initiatives are expected to unlock the vast potential of gas hydrates. Positioned as a promising alternative fuel source, gas hydrates could become a crucial component of the global energy mix by 2030.

Frozen Food Packaging Market Growth Fueled by Expanding Retail Chains

The global frozen food packaging market size was valued at USD 45.69 billion in 2023 and is projected to reach USD 67.48 billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030. Rising demand for frozen food products, driven by benefits such as extended shelf life and easy accessibility, is expected to fuel market expansion.

According to the United States Department of Agriculture (USDA), U.S. dairy consumption has shown consistent growth, reaching a record per capita intake of 667 pounds in 2021 compared to 539 pounds in 1975. This rise has been primarily supported by strong demand for cheese, butter, and yogurt. In addition, in 2022, per capita fluid milk consumption in the U.S. was around 130 pounds per person, according to USDA data. Increasing dairy consumption is creating higher demand for frozen food packaging, which is essential for storage and transportation. Products like frozen yogurt, ice cream, and cheese rely on packaging formats such as plastic bags, cardboard cartons, and foil wraps to maintain freshness and prevent spoilage until they reach consumers.

Technological advancements in freezing methods and cold chain infrastructure have also enhanced product quality, enabling longer shelf lives while preserving taste, nutrients, and texture. These improvements are further boosting reliance on frozen food packaging across global markets.

Key Market Insights:

• Asia Pacific led the market, accounting for the largest revenue share of over 42.4% in 2023.
• India is anticipated to record notable growth during the forecast period.
• By product, the bags & pouches segment dominated with a revenue share of over 34.0% in 2023.
• By application, the meat, poultry & seafood category accounted for the largest revenue share of over 36.0% in 2023.
• By material, the plastic segment dominated with a share of over 59.0% in 2023.

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Market Size & Forecast:

• 2023 Market Size: USD 45.69 Billion
• 2030 Projected Market Size: USD 67.48 Billion
• CAGR (2024–2030): 5.8%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights:

The market is highly fragmented, with numerous medium-sized players contributing to industry growth. The sector has seen a surge in product launches and capacity expansions in recent years, supported by rapid urbanization, increasing demand for convenient meals, and fast-paced lifestyles of working populations worldwide.

• July 2023: Huhtamaki Oyj, a global leader in sustainable packaging solutions, announced a significant investment in its Paris, Texas facility. The USD 30.0 million investment included production asset upgrades and the leasing of a warehouse and manufacturing space to enhance capacity and streamline operations.
• February 2023: C-P Flexible Packaging collaborated with Northwest Frozen, LLC to introduce C-P Affirm Film, an advanced packaging solution designed to extend the shelf life of refrigerated meals. This innovation focuses on improving durability and product freshness.

Key Players:

• Sonoco Products Company
• Sealed Air
• Berry Global Inc.
• ProAmpac
• Cascades Inc.
• Printpack
• SÜDPACK
• Amcor Plc

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Conclusion:

The frozen food packaging market is poised for steady growth as consumer demand for convenient, long-lasting, and high-quality food products rises. With technological advancements in freezing and packaging solutions, coupled with expanding consumption in emerging markets, the industry offers strong opportunities for both established players and new entrants through 2030.

Fiberglass Fabric Market Opportunities in Aerospace and Defense Use

The global fiberglass fabric market size was valued at USD 14.01 billion in 2024 and is projected to reach USD 25.65 billion by 2033, growing at a CAGR of 7.0% from 2025 to 2033. Rising adoption of lightweight and high-strength materials across multiple end-use industries is a major factor propelling the market.

Sectors such as aerospace, automotive, and construction are increasingly utilizing fiberglass fabrics for their superior mechanical strength, corrosion resistance, and thermal insulation properties. In the automotive industry, manufacturers are employing fiberglass fabrics to lower vehicle weight and enhance fuel efficiency, supporting compliance with stringent carbon emission and environmental regulations. Likewise, in aerospace, the material provides significant benefits in terms of structural integrity and reduced weight, both essential for improving fuel economy and payload efficiency.

The construction sector’s preference for durable, high-performance materials for insulation, roofing, and reinforcement also underpins market expansion. Fiberglass fabrics are extensively applied in architectural uses such as wall coverings, ceiling tiles, and fireproofing systems due to their flame resistance and acoustic insulation benefits. With infrastructure projects accelerating in emerging economies, demand for reliable, long-lasting, and energy-efficient materials is expected to rise, creating promising opportunities for producers. Furthermore, technological progress in weaving techniques and greater customization options are broadening their role in specialized applications, further driving market growth.

Key Market Insights:

• Asia Pacific led the fiberglass fabric market with the largest revenue share of 41.61% in 2024.
• By product, the S-glass segment is projected to grow at a CAGR of 7.2% from 2025 to 2033.
• By fabric type, the non-woven segment is expected to expand at a CAGR of 7.1% from 2025 to 2033.
• By application, the wind energy segment is set to grow at the fastest CAGR of 8.5% from 2025 to 2033.

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Market Size & Forecast:

• 2024 Market Size: USD 14.01 Billion
• 2033 Projected Market Size: USD 25.65 Billion
• CAGR (2025–2033): 7.0%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights:

The fiberglass fabric market is moderately consolidated, with global and regional players shaping industry dynamics.

• Owens Corning (U.S.) is a global leader in building and industrial materials, known for innovations in composites and fiberglass technologies. Its extensive portfolio includes fiberglass fabrics, reinforcements, insulation, and roofing solutions, serving industries such as construction, wind energy, automotive, and industrial manufacturing. Its fiberglass fabrics are noted for durability, lightweight strength, and resistance to heat and corrosion.
• Jushi Group Co., Ltd (China) is among the largest global producers of fiberglass and reinforced composites. Its offerings include direct roving, woven roving, chopped strands, fiberglass mats, and fabrics engineered to meet rigorous performance standards across diverse industrial applications.
• Gurit (Switzerland) specializes in advanced composites, engineering solutions, and tooling systems. Its product portfolio features prepregs, adhesives, structural core materials, and customized fiberglass fabrics widely applied in marine, aerospace, automotive, and wind energy sectors.
• Hexcel Corporation (U.S.) is a leading manufacturer of advanced composites and reinforcement materials. Its fiberglass, carbon fiber, and hybrid fabrics serve aerospace, defense, automotive, and industrial markets, delivering strength and stiffness while minimizing weight.
• BGF Industries, Inc. is also an important player offering high-performance fiberglass and specialty fabrics across industrial and defense applications.

Key Players:

• Owens Corning
• Jushi Group Co. Ltd
• Gurit
• Hexcel Corporation
• BGF Industries, Inc.

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Conclusion:

The fiberglass fabric market is set for steady growth, driven by rising demand for lightweight, high-performance materials across automotive, aerospace, construction, and renewable energy applications. With advancements in technology, expanding applications, and infrastructure growth in emerging economies, the industry is expected to witness strong opportunities for both established leaders and emerging players through 2033.

Psoriatic Arthritis Treatment Market Key Players Fueling Expansion

The global psoriatic arthritis market size was valued at USD 11.35 billion in 2024 and is projected to reach USD 19.91 billion by 2030, expanding at a CAGR of 9.8% from 2025 to 2030. Market growth is anticipated to be fueled by factors such as the launch of new products, a strong pipeline, rising awareness among patients, and the growing prevalence of the disease.

Psoriatic arthritis is a chronic, progressive disorder closely linked to psoriasis. Without timely and adequate treatment, the condition can result in permanent joint damage. While its exact causes remain unclear, studies suggest that approximately 40% of cases are influenced by genetic predisposition.

The disease is often misdiagnosed as rheumatoid arthritis or gout. However, increasing awareness through public and private initiatives is expected to help minimize diagnostic errors and inappropriate treatments. Despite these advances, the high cost of therapies and potential adverse drug effects may restrain market growth.

A major shift in treatment is underway, driven by the precision of biologic therapies and the introduction of biosimilars. Demand for affordable medications with enhanced safety and efficacy profiles is likely to shape future market dynamics positively.

Advancements in healthcare infrastructure and broader insurance coverage across emerging markets are also significant growth enablers. Nations in Asia-Pacific and Latin America are upgrading healthcare systems, making advanced biologic therapies more accessible. These regions are expected to offer strong growth potential for both international and regional pharmaceutical companies.

Key Market Insights:

• North America psoriatic arthritis treatment market dominated globally, holding a 38.7% revenue share in 2024.
• The U.S. psoriatic arthritis treatment sector is projected to grow notably during the forecast period.
• By drug class, biologics led the market with a 49.1% revenue share in 2024.
• By type, the prescriptions segment dominated, accounting for 81.1% of revenue in 2024.
• By route of administration, injectables held the largest share at 51.1% in 2024.

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Market Size & Forecast:

• 2024 Market Size: USD 11.35 billion
• 2030 Projected Market Size: USD 19.91 billion
• CAGR (2025-2030): 9.8%
• North America: Largest market in 2024
• Asia Pacific: Fastest-growing market

Key Companies & Market Share Insights:

The psoriatic arthritis treatment landscape is led by major pharmaceutical players that collectively hold a dominant share and influence industry trends.

Recent Developments:

• June 2025: The FDA approved Celltrion’s Steqeyma biosimilar (ustekinumab-stba) in a 45mg/0.5mL single-dose vial for pediatric patients (ages 6–17, <60kg) with plaque psoriasis or psoriatic arthritis. Approval was based on phase 3 trial data confirming equivalent safety and efficacy.
• May 2025: Biocon Biologics’ partner Yoshindo launched Ustekinumab BS subcutaneous injection in Japan for psoriatic arthritis and psoriasis vulgaris, following PMDA’s January 2025 approval of subcutaneous ustekinumab (Bmab 1200).

Key Players:

• AbbVie Inc.
• Amgen Inc.
• Johnson & Johnson Services, Inc.
• Bristol-Myers Squibb Company
• Novartis AG
• Eli Lilly and Company
• Pfizer, Inc.

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Conclusion:

The psoriatic arthritis treatment market is poised for strong growth, driven by rising disease prevalence, innovative biologics, and the increasing availability of biosimilars. While high treatment costs and side effects remain challenges, expanding healthcare access and insurance coverage in emerging economies are expected to unlock new opportunities. With ongoing product launches and a robust pipeline, the market is set to witness sustained momentum through 2030.

Electric Three Wheeler Market Key Players Expanding Global Footprint

The global electric three wheeler market size was valued at USD 829.5 million in 2021 and is projected to reach USD 1.57 billion by 2030, expanding at a CAGR of 7.5% from 2022 to 2030. Market growth is being fueled by the rising adoption of electric vehicles over fossil-fuel-powered alternatives, driven by environmental concerns and sustainability goals.

The increasing concentration of greenhouse gases has encouraged a shift toward greener mobility solutions, with electric three-wheelers emerging as a sustainable option. Additionally, the market is witnessing the entry of new startups such as Nobecars and Arcimoto, intensifying innovation and competition in the sector.

Electric three-wheelers are steadily integrating into mainstream fleets globally. Manufacturers are focusing on enhancing powertrain and battery technologies to improve performance and efficiency. To lower costs, scalable electric solutions for three-wheelers are being developed to support last-mile connectivity, especially for cargo deliveries. The growing adoption of electric light commercial three-wheelers for logistics and delivery services highlights their importance in the evolving electric mobility ecosystem.

However, the market faces challenges. The lack of standardized charging infrastructure and the high cost of batteries create range anxiety for drivers and limit adoption. Additionally, safety concerns surrounding lithium-ion batteries, including risks of fire, have prompted governments to enforce stricter safety regulations for battery manufacturing and related components.

Key Market Insights:

• Asia Pacific held the highest market share of 64.63% in 2021.
• By battery, the lithium-ion segment accounted for 43.33% of the market in 2021.
• By power, the 1000 W to 1500 W segment led with a 42.65% share in 2021.
• By end-use, the passenger carrier segment dominated with a 59.77% share in 2021.

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Market Size & Forecast:

• 2021 Market Size: USD 829.5 Million
• 2030 Projected Market Size: USD 1.57 Billion
• CAGR (2022–2030): 7.5%
• Asia Pacific: Largest market in 2021

Key Companies & Market Share Insights:

Manufacturers are focusing on developing affordable models with higher range and faster charging capabilities. Investments in advanced powertrains, battery systems, and motors, coupled with government incentives such as tax subsidies and discounts, are supporting adoption.

The market also shows strong activity from emerging startups, competing with established players through cost innovation and new product launches. Key strategies include capacity expansion, partnerships, and collaborations.

For example, Atul Genentech Pvt. Ltd. (a subsidiary of Atul Auto Ltd.), Valeo, and Honda Powerpack Energy partnered to develop electric three-wheelers powered by Valeo’s electric powertrain paired with Honda’s swappable battery solution. Such collaborations are expected to accelerate the sector’s electrification.

Key Players:

• Mahindra Electric Mobility Limited (Mahindra & Mahindra)
• Piaggio Vehicle Pvt. (Piaggio & C. SpA)
• Atul Auto Limited
• Terra Motors
• Gayam Motor Works
• Omega Seiki Pvt. Ltd.
• Bodo Vehicle Group Co. Ltd.
• Euler Motors
• Bajaj Auto
• Jiangsu Kingdom Vehicle Ltd.
• E-Tuk Factory

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Conclusion:

The electric three-wheeler market is poised for steady growth, driven by sustainability goals, last-mile delivery demand, and technological innovations. While infrastructure and battery challenges persist, government initiatives and strategic partnerships are expected to support the industry’s expansion through 2030.

Chandelier Market Key Players Expanding Portfolios with Modern Designs

The global chandeliers market size was valued at USD 8.20 billion in 2024 and is projected to reach USD 9.72 billion by 2030, growing at a CAGR of 2.8% from 2025 to 2030. Market growth is primarily driven by the rising demand for luxurious and aesthetically appealing home décor products.

Higher disposable incomes have fueled a surge in home renovation and interior design projects, boosting chandelier demand. Additionally, the integration of LED technology has improved chandeliers’ energy efficiency and durability, making them more attractive to environmentally conscious consumers.

The growing trend of smart home integration further supports market growth, as modern chandeliers can now be controlled via smartphone apps or virtual assistants, offering convenience and personalization. Moreover, the expanding hospitality sector, with luxury hotels and resorts adopting chandeliers to create a sophisticated ambiance, significantly contributes to market expansion.

Key Market Insights:

• North America dominated the global market with a 31.0% revenue share in 2024.
• The U.S. contributed the largest revenue share in the North American market in 2024.
• By product, the transitional segment accounted for 65.7% of total revenue in 2024.
• By distribution channel, the offline segment led the market in 2024.
• By application, the commercial segment emerged as the largest revenue contributor in 2024.

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Market Size & Forecast:

• 2024 Market Size: USD 8.20 Billion
• 2030 Projected Market Size: USD 9.72 Billion
• CAGR (2025–2030): 2.8%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

The chandeliers market is competitive, with companies focusing on innovation, acquisitions, and portfolio expansion to strengthen their market presence.

• Elegant Lighting is recognized for its wide range of luxurious and intricately designed fixtures, catering to both traditional and contemporary styles.
• Koninklijke Philips N.V. (Philips) is a global leader in lighting solutions, including chandeliers. Its offerings often feature LED integration and smart home compatibility, appealing to eco-conscious and tech-savvy consumers.

Recent Developments:

• In September 2024, Kingswood Capital Management acquired Kichler Lighting and merged it with Progress Lighting, aiming to expand distribution networks, enhance service capabilities, and broaden product offerings across multiple retail channels.
• In August 2024, Capitol Lighting (1800lighting) acquired the Bellacor brand and digital assets, with both brands continuing to operate independently while leveraging shared service and fulfillment capabilities.

Key Players:

• Elegant Lighting
• Generation Brands LLC
• Koninklijke Philips N.V.
• Maxim Lighting International
• HSL Worldwide Lighting Corporation
• Acuity Brands Lighting Inc.
• Hubbell Incorporated
• Vanguard Lighting Co. Ltd.

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Conclusion:

The chandeliers market is set to grow steadily, fueled by rising disposable incomes, home renovation trends, and the adoption of energy-efficient and smart lighting technologies. With the hospitality sector further boosting demand, leading players are focusing on innovation and strategic acquisitions to strengthen their presence in the global market.

Virtualization Security Market Sees Rising End-Use in Healthcare IT

The virtualization security market size was estimated at USD 2.23 billion in 2023 and is projected to reach USD 6.01 billion by 2030, growing at a CAGR of 15.4% from 2024 to 2030. Several factors are driving market growth, primarily the increasing adoption of virtualization technologies across industries, which necessitates robust security measures to protect virtualized environments.

As organizations migrate to cloud-based infrastructures, safeguarding sensitive data and ensuring regulatory compliance becomes critical. The expansion of digital enterprises, which heavily rely on virtual machines, containers, and hypervisors, requires sophisticated security frameworks to manage risks and defend against evolving cyber threats. This growing need for specialized security solutions stimulates the development and adoption of advanced virtualization security technologies.

Virtualization enhances operational efficiency, reduces costs, and improves scalability. However, it also introduces unique security challenges, including hypervisor vulnerabilities, inter-VM threats, and complex network configurations. To address these risks, enterprises are investing in advanced virtualization security solutions that provide robust protection, real-time threat detection, and seamless integration with existing IT infrastructure. Consequently, the widespread adoption of virtualization is driving innovation and growth in the virtualization security market.

Key Market Insights:

• North America held the largest share, accounting for over 40% of the market in 2023.
• By component, the solutions segment accounted for the largest share at over 68% in 2023.
• By deployment, the on-premises segment led the market in 2023.
• By enterprise size, large enterprises dominated with over 64% share in 2023.
• By end-use, the BFSI segment accounted for the largest share at over 29% in 2023.

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Market Size & Forecast:

• 2023 Market Size: USD 2.23 Billion
• 2030 Projected Market Size: USD 6.01 Billion
• CAGR (2024–2030): 15.4%
• North America: Largest market in 2023

Key Companies & Market Share Insights:

Market players are actively pursuing new product development, partnerships, collaborations, and acquisitions to strengthen their competitive positioning.

• In June 2024, Trend Micro Incorporated announced a new data center solution leveraging NVIDIA technology, targeting business and government customers focused on AI-enabled security. The Trend Vision One – Sovereign and Private Cloud (SPC) incorporates NVIDIA NIM, a suite of inference microservices designed to accelerate deployment of generative AI across data centers, cloud environments, and workstations.
• In April 2024, Cisco Systems Inc. completed its acquisition of Isovalent, a leader in open-source cloud-native security and networking. This acquisition enhances Cisco’s Security Cloud vision, an AI-driven, integrated platform providing advanced threat protection in multicloud environments.

Key Players:

• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• Fortinet, Inc.
• Gen Digital Inc.
• International Business Machines Corporation
• McAfee, LLC
• Palo Alto Networks, Inc.
• Sophos Ltd.
• Trend Micro Incorporated
• VMware, Inc.

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Conclusion:

The virtualization security market is poised for strong growth, driven by the widespread adoption of virtualization technologies, increasing digital enterprise initiatives, and rising cyber threats. With investments in advanced security solutions, AI-driven platforms, and multicloud protection, the market is expected to continue expanding rapidly, supporting secure and resilient virtual environments across industries.

Rolling Stock Market Key Players Expanding Global Rail Infrastructure

The global rolling stock market size was estimated at USD 64.10 billion in 2023 and is projected to reach USD 96.58 billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030. Rising investments in railway infrastructure and the increasing adoption of advanced digital solutions are key factors driving market growth.

Rolling stock vehicles, including locomotives, freight cars, wagons, and rapid transit vehicles, play a crucial role in providing reliable, comfortable, and cost-effective transportation for passengers, as well as efficient freight movement over long distances.

Governments and private entities are actively enhancing transportation infrastructure while deploying rolling stock vehicles capable of carrying large freight volumes. For example, as per Global Railway Review, Indian railways accounted for approximately 27% of India’s freight transport as of January 2023. To increase this share to 40–45%, the Indian government is focusing on strategic initiatives, including partnerships with leading rolling stock manufacturers, investment in advanced rolling stock vehicles, and upgrades to supporting railway infrastructure.

Growing preference for railway transportation has further boosted demand for rolling stock and related infrastructure. However, high costs associated with trains, rolling equipment, and infrastructure necessitate significant capital investment. To address this, many OEMs, rail operators, and third-party suppliers are implementing real-time, condition-based maintenance programs. These near-time analytics solutions help authorities conduct efficient rail maintenance, reducing operational costs by up to USD 2 billion annually.

Key Market Insights:

• Asia Pacific dominated the rolling stock market, holding a 43% revenue share in 2023.
• By product, the wagons segment led with 34.1% of total revenue in 2023.
• By type, the diesel segment accounted for the largest market revenue share in 2023.
• By train type, the rail freight segment led market share in 2023.

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Market Size & Forecast:

• 2023 Market Size: USD 64.10 Billion
• 2030 Projected Market Size: USD 96.58 Billion
• CAGR (2024–2030): 6.3%
• Asia Pacific: Largest market in 2023
• MEA: Fastest growing market

Key Companies & Market Share Insights:

The market features established global players and emerging participants, all focusing on product innovation, capacity expansion, and strategic partnerships to enhance their market presence.

• CRRC Corporation Limited manufactures rolling stock products including electric and diesel locomotives, high-speed trains, DMUs, EMUs, metro cars, LRVs, coaches, and wagons. Its solutions emphasize energy efficiency, eco-friendliness, and cost-effectiveness.
• Siemens Mobility produces rail vehicles such as metros, trams, light rail, automated people movers, and locomotives, focusing on advanced rolling stock technologies.

Emerging participants include Trinity Industries, Inc., Kawasaki Heavy Industries, Ltd., Stadler Fahrzeuge AG, Hyundai Motor Group, and Westinghouse Air Brake Technologies Corporation.

• Trinity Industries, Inc. manufactures a wide range of railcars, including hoppers, flat cars, gondolas, boxcars, and tank cars, and provides operating leases, financial services, and railcar management.
• Hyundai Motor Group produces rail vehicles for logistics, government, and repair/leasing applications, including EMUs, DMUs, high-speed trains, LRVs, maglevs, trams, locomotives, and passenger coaches.

Key Players:

• Alstom Transport
• CRRC Corporation Limited
• GE Transportation
• Hitachi Rail System
• Hyundai Rotem
• Kawasaki Heavy Industries, Ltd.
• Siemens Mobility
• Stadler Rail AG
• The Greenbrier Co.
• Trinity Rail

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Conclusion:

The rolling stock market is poised for steady growth, supported by rising railway investments, technological advancements, and increased demand for efficient freight and passenger transport. With ongoing modernization initiatives and adoption of real-time maintenance solutions, the market is well-positioned to deliver enhanced performance, cost efficiency, and sustainability in rail transport worldwide.

Ion Exchange Membrane Market Application Growth in Desalination Plants

The global ion exchange membrane market size was estimated at USD 1.16 billion in 2024 and is projected to reach USD 1.67 billion by 2030, growing at a CAGR of 6.1% from 2025 to 2030. Rising demand for water treatment solutions and ongoing advancements in renewable energy technologies are key drivers fueling market expansion.

IEMs are widely applied in water desalination, purification, and industrial processes, especially in regions facing acute water scarcity. With global populations rising and water demand surging, efficient purification technologies are essential. Their ability to selectively separate ions and contaminants makes ion exchange membranes indispensable in desalination, directly supporting clean water supply.

The transition toward clean energy further strengthens market growth. IEMs are integral components in fuel cells and electrolysers, which enhance energy efficiency and reduce carbon emissions. As countries accelerate investments in hydrogen energy infrastructure, the demand for IEMs in energy applications is expected to grow significantly.

Material innovations are also transforming the market. The use of high-performance polymers and advanced composites has improved chemical resistance, ion selectivity, and durability, resulting in membranes with longer lifespans and higher efficiency. These innovations expand the applicability of IEMs across diverse industries, including wastewater treatment, food processing, and mining, boosting overall adoption.

Additionally, rapid industrialization in emerging economies is creating strong growth opportunities. Expanding industries such as chemicals, pharmaceuticals, and food processing in Asia-Pacific, Latin America, and Africa increasingly rely on advanced filtration technologies. IEMs ensure the purity and quality of water in industrial processes, making them a critical enabler of sustainable industrial growth.

Key Market Insights:

• Asia Pacific dominated with a 44.0% revenue share in 2024.
• By material, the inorganic membrane segment held a 37.1% share in 2024.
• By application, the water treatment segment accounted for 44.6% share in 2024.

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Market Size & Forecast:

• 2024 Market Size: USD 1.16 Billion
• 2030 Projected Market Size: USD 1.67 Billion
• CAGR (2025–2030): 6.1%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights:

The competitive landscape features a blend of multinational corporations and specialized regional manufacturers. Players are focused on product innovation, capacity expansion, and strategic partnerships to strengthen their market presence.

• 3M is a diversified technology leader offering advanced IEMs for water treatment, fuel cells, and energy storage applications. Its expertise across multiple industries allows it to leverage innovation and global reach effectively.
• AGC Engineering Co. Ltd., a Japan-based company, is recognized for its FORBLUE SELEMION series, which includes hydrocarbon-based cation- and anion-exchange membranes. Its strong R&D focus drives product advancements for industrial and energy-related applications.

Key Players:

• 3M
• AGC ENGINEERING Co. Ltd.
• Dioxide Materials
• DuPont de Nemours, Inc.
• Evergreen Technologies Pvt Ltd
• Fujifilm Manufacturing Europe BV
• SUEZ
• Hyflux Ltd.
• ION EXCHANGE

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Conclusion:

The ion exchange membrane market is expanding steadily, driven by rising demand for clean water solutions, industrial growth in emerging economies, and the global shift toward renewable energy. With technological innovations enhancing performance and durability, IEMs are set to play a crucial role in both sustainable water management and the energy transition.

Intravascular Warming Systems Market Growth Fueled by Trauma Cases

The global intravascular warming systems market size was valued at USD 557.8 million in 2022 and is anticipated to reach USD 1,198.5 million by 2030, growing at a CAGR of 10.1% from 2023 to 2030. These systems are widely used in surgical and critical care settings to help maintain patients’ core body temperature.

A key driver of market growth is the increasing number of surgical procedures worldwide. Intravascular warming systems are commonly utilized during cardiovascular, abdominal, and neurological surgeries. According to the National Center for Biotechnology Information (NCBI), approximately 234 million major surgical operations are performed globally each year. During such procedures, patients are at risk of developing inadvertent perioperative hypothermia (IPH) due to factors such as anesthesia, low ambient temperatures, or the use of cold IV fluids and blood transfusions.

IPH is prevalent in unwarmed patients and is linked to serious complications including surgical site infections, delayed wound healing, adverse cardiac outcomes, and increased bleeding. Active temperature management is therefore essential, particularly in procedures like cardiac surgery, where blood-warming devices play a vital role in maintaining patient stability. Rising incidences of cancer and cardiovascular disorders further fuel demand for these systems, given the frequent need for surgical interventions.

Technological advancements are also shaping the market. The development of portable and battery-powered warming devices is expanding applications and accessibility. For instance, according to the International Agency for Research on Cancer (IARC), there were about 17.0 million new cancer cases and 9.5 million cancer-related deaths in 2018, a figure expected to rise to 27.5 million cases and 16.3 million deaths by 2040. This projected increase in surgical oncology demand underscores the importance of intravascular warming systems.

The COVID-19 pandemic temporarily disrupted the industry, with global supply chains affected and elective surgeries delayed. Many healthcare systems prioritized COVID-19 patients, resulting in reduced surgical volumes, particularly for cardiovascular procedures. However, with the resumption of elective surgeries, the market is expected to regain momentum.

Key Market Insights:

• North America dominated the market, accounting for ~40% revenue share in 2022.
• By application, the perioperative care segment held the largest share at 78.3% in 2022.
• By end-use, the operating rooms segment accounted for 40.0% of revenue in 2022.

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Market Size & Forecast:

• 2022 Market Size: USD 557.8 Million
• 2030 Projected Market Size: USD 1,198.5 Million
• CAGR (2023–2030): 10.1%
• North America: Largest market in 2022
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

Market participants focus on product launches, regulatory approvals, strategic acquisitions, and innovation to expand their presence. Companies are introducing advanced solutions to strengthen their portfolios and address evolving clinical needs.

For example, in July 2023, ZOLL Medical Corporation expanded its temperature management portfolio with the IQool System, developed by BrainCool. This FDA-cleared, single-use, closed-loop surface warming system uses heated air to maintain patient body temperature. It is designed to prevent hypothermia in high-risk patients, including surgical and trauma cases.

Key Players:

• ZOLL Medical Corporation
• BD (Becton, Dickinson and Company)
• Geratherm Medical AG
• Medtronic
• Stryker
• Estill Medical Technologies, Inc.
• Smiths Group plc
• Inspiration Healthcare Group plc
• 3M

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Conclusion:

The intravascular warming systems market is set for strong growth, driven by rising surgical volumes, increasing prevalence of chronic diseases, and advances in temperature management technologies. With growing adoption across perioperative and critical care settings, the market is positioned to play an essential role in improving surgical outcomes and patient safety.

Government Education Market Trends Shaped by Smart Classroom Expansion

The global government education market size was estimated at USD 558.49 billion in 2023 and is anticipated to reach USD 1.76 trillion by 2030, growing at a CAGR of 17.8% from 2024 to 2030. The sector plays a pivotal role in shaping national education systems and ensuring inclusive access to learning.

Government education refers to institutions and services directly managed, funded, or regulated by public authorities. This includes primary and secondary schools, higher education institutions, and vocational training programs. Governments allocate education budgets across federal, state, and local levels to support schools, colleges, and universities. Investments cover infrastructure development, facility upgrades, and the provision of essential resources such as libraries, laboratories, and classrooms, all of which are critical for effective learning environments.

In many cases, governments engage in public-private partnerships (PPPs) to improve educational outcomes. These collaborations often emphasize the integration of educational technology (EdTech), where private companies provide digital learning tools, platforms, and infrastructure. Such initiatives aim to modernize classrooms, encourage interactive learning, and equip students with skills relevant for a technology-driven economy.

Additionally, governments are proactively investing in digital transformation by supplying schools with computers, internet access, and e-learning resources. These efforts are designed to enhance teaching quality, promote inclusive learning experiences, and prepare learners for the demands of the digital era.

Key Market Insights:

• North America dominated the market, accounting for a 36.1% revenue share in 2023.
• By delivery mode, the offline segment held the largest revenue share in 2023.
• By sector, the K-12 segment led the market, contributing 39.5% of global revenue in 2023.

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Market Size & Forecast:

• 2023 Market Size: USD 558.49 Billion
• 2030 Projected Market Size: USD 1.76 Trillion
• CAGR (2024–2030): 17.8%
• North America: Largest market in 2023

Key Companies & Market Share Insights:

The market landscape features established players as well as emerging participants offering innovative education solutions.

• NIIT Limited is a leading global talent development corporation present in over 30 countries. It provides training solutions across diverse sectors including business process outsourcing, banking, finance, executive management, and EdTech.
• EducationUSA acts as a global resource for students seeking U.S. higher education, collaborating with universities, governments, and organizations to facilitate international mobility and cross-cultural exchange.
• Duolingo, an emerging player, has revolutionized language learning through gamification, accessibility, and digital-first solutions. Its portfolio includes Duolingo English Tests, stories, podcasts, and interactive tools.
• The National Skill Development Corporation (NSDC), a public-private partnership under India’s Ministry of Skill Development and Entrepreneurship, supports training providers and institutions engaged in large-scale skill development programs.

Key Players:

• NIIT Limited
• SWAYAM
• EducationUSA
• Heidelberg University
• Humboldt University of Berlin
• Queensland University of Technology
• Australian Government Department of Education
• Ernst & Young Global Limited
• Nuri-Sejong Institute
• Info Edge (India) Limited

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Conclusion:

The government education market is expanding rapidly, driven by rising investments in infrastructure, digital learning, and skill development. With strong government support, public-private collaborations, and a focus on technology integration, the sector is set to play a transformative role in shaping future-ready education systems worldwide.

Fresh Pears Market Growth Driven by Expanding Global Fruit Consumption

The global fresh pears market was valued at USD 35.76 billion in 2023 and is projected to reach USD 54.84 billion by 2030, expanding at a CAGR of 6.3% from 2024 to 2030. The growing emphasis on health and wellness is one of the major factors fueling market growth.

With consumers becoming increasingly health-conscious, the demand for nutrient-rich food options is rising. Fresh pears, known for their dietary fiber, vitamins, and antioxidants, are gaining popularity as a wholesome addition to daily diets. This health-driven trend is particularly evident among younger consumers, who are showing a strong preference for organic and sustainably sourced produce.

Emerging economies, especially across the Asia-Pacific region, represent substantial growth opportunities. Rising disposable incomes and shifting dietary habits in these markets are creating stronger demand for fresh fruits. As healthy lifestyles gain traction, fresh pears are expected to see a significant surge in adoption. Companies focusing on these regions can gain a competitive advantage by aligning product offerings and marketing approaches with local preferences.

However, the industry faces challenges such as perishability, supply chain vulnerabilities, and competition from substitute fruits. To overcome these hurdles, leading players are investing in advanced storage technologies, logistics optimization, and efficient supply chain models to preserve quality during transit. Furthermore, expanding into value-added pear products, including snacks and beverages, offers potential for diversification and broader consumer reach. Understanding regional nuances will be critical for businesses aiming to succeed in a competitive and evolving landscape.

Key Market Insights:

• Asia Pacific was the largest market, holding a 59.58% revenue share in 2023.
• By product, the green anjou pear segment was valued at USD 15 billion in 2023.
• By type, the conventional pear segment represented over 60% of the global market in 2023.
• By application, the fresh consumption segment accounted for over USD 12.5 billion in 2023.

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Market Size & Forecast:

• 2023 Market Size: USD 35.76 Billion
• 2030 Projected Market Size: USD 54.84 Billion
• CAGR (2024–2030): 6.3%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights:

The competitive environment features a mix of well-established firms and emerging players with diverse product portfolios and distribution networks. Leading companies such as BEL'EXPORT, David Oppenheimer and Company, Domex Superfresh Growers, and Pear Bureau Northwest leverage strong supply chain capabilities and innovative marketing strategies to secure their market presence.

Increasing consumer demand for organic and locally sourced pears is driving companies to diversify into organic varieties. Additionally, advancements in agricultural technologies and logistics are helping players improve quality control, extend shelf life, and ensure freshness—critical aspects for success in this category.

Key Players:

• Dole plc
• FirstFruits Farms
• Giumarra Companies
• Stemilt Growers LLC
• Fresh Fruits Company
• Washington Fruit Growers
• Monson Fruit Co.
• Pacific Coast Fruit Company
• Chelan Fresh

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Conclusion:

The fresh pears market is on a steady growth trajectory, supported by shifting consumer preferences toward healthy, organic, and sustainable food options. With rising opportunities in Asia-Pacific and increasing innovations in supply chain and product diversification, industry players are well-positioned to capitalize on evolving global demand.

Rising Seafood Exports Offer Opportunities for Crab Market Players

The global crab market size was valued at USD 3.34 billion in 2023 and is projected to reach USD 4.21 billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030. Crab is widely regarded as a premium seafood product, prized for its tender meat and delicate flavor, making it a staple in luxury dining.

Rising disposable incomes in developed countries and the expanding middle-class population in emerging markets are fueling demand for premium seafood, including crab. In regions such as North America, Europe, and Asia Pacific, crab is often seen as a delicacy featured in fine dining and gourmet cuisine.

Consumers are increasingly willing to pay for high-quality seafood due to its perceived health benefits compared to red meat or poultry. This shift in preference has boosted the popularity of dishes like crab cakes, crab legs, and soft-shell crab. At the same time, processed crab products—such as canned crab, frozen crab meat, and crab sticks—are gaining traction in the ready-to-eat and convenience food categories. Busy lifestyles have accelerated this trend, with consumers seeking quick, nutritious, and versatile meal solutions.

Crab meat’s versatility further supports its growth, as it is widely used in salads, soups, pasta, and sushi. The expansion of quick-service restaurants (QSRs) and fast-casual dining chains offering crab-based dishes has also amplified demand for processed crab meat.

Key Market Insights:

• Asia Pacific accounted for 43.5% of global revenue in 2023.
• By type, the frozen crabs segment held the largest share at 46.7% in 2023.
• By application, crab meat dominated with a 59.8% share in 2023.
• By distribution channel, retail channels led with a 58.0% share in 2023.

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Market Size & Forecast:

• 2023 Market Size: USD 3.34 Billion
• 2030 Projected Market Size: USD 4.21 Billion
• CAGR (2024–2030): 3.4%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights:

Leading players are focusing on product innovation, partnerships, mergers & acquisitions, and sustainability initiatives to expand their presence and capture new opportunities.

Recent Developments:

• September 2023: Handy Seafood launched microwavable mini crab cakes, offering consumers a convenient, restaurant-quality experience at home.
• February 2023: Handy Seafood introduced vibrant, sustainable packaging that is recyclable and compostable, aligning with global efforts to reduce plastic waste.
• January 2022: Handy Seafood partnered with Old Bay to launch new flavored crab cakes, leveraging Old Bay’s iconic seasoning to expand its product line and strengthen consumer appeal.

Key Players:

• The J.M. Clayton Company
• Phillips Foods, Inc.
• Blue Star Foods Corp.
• Nippon Suisan Kaisha (Nissui)
• High Liner Foods Inc.
• Trans-Ocean Products
• Graham & Rollins, Inc.
• Handy Seafood Incorporated
• King Crab Legs Company
• Harbor Seafood

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Conclusion:

The global crab market is steadily expanding, driven by rising demand for premium seafood, the growing popularity of processed crab products, and increased consumer preference for convenience and nutrition. With innovation and sustainability shaping the industry, crab continues to strengthen its position as a versatile and high-value seafood choice.

Car Insurance Market Trends Spotlight Usage-Based Policy Models

The global car insurance market size was valued at USD 730.1 million in 2023 and is projected to reach USD 1,764.2 million by 2030, expanding at a CAGR of 13.7% from 2024 to 2030. A key factor driving market growth is the rising number of road accidents worldwide.

As urban areas grow more congested and vehicle ownership increases, the probability of accidents rises. This trend has heightened consumer awareness about the importance of comprehensive car insurance. More drivers are opting for policies to protect against financial risks such as vehicle repairs, medical expenses, and legal liabilities. In response, insurers are expanding their product portfolios and streamlining claims processes to deliver faster and more reliable coverage.

The industry is also undergoing significant transformation with the rise of autonomous vehicles (AVs). Traditional risk models based on human driving behavior are becoming less applicable, as AV adoption shifts focus toward the reliability of vehicle technology and manufacturer liability in the event of malfunctions. This transition is expected to give rise to new insurance models and coverage types, marking a shift from driver-centric to vehicle-centric policies. While this poses challenges for insurers, it also opens opportunities for innovation in risk management.

Digitalization is another major trend reshaping the car insurance sector. Customers are increasingly turning to online platforms to purchase policies and manage claims, fueled by the convenience, transparency, and speed they offer. Insurtech companies are at the forefront of this shift, delivering innovative, customer-focused solutions that challenge traditional insurers. Technologies such as artificial intelligence and machine learning are being leveraged to automate underwriting, enhance fraud detection, and improve customer engagement. This digital disruption is enhancing efficiency, boosting satisfaction, and driving higher retention rates.

Key Market Insights:

• North America led the global market with a 33.2% revenue share in 2023.
• By coverage, the third-party segment accounted for the largest share at 40.5% in 2023.
• By distribution channel, the insurance agents/brokers segment dominated in 2023.
• By vehicle age, new vehicles represented the largest market share in 2023.
• By application, the personal segment was the leading segment in 2023.

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Market Size & Forecast:

• 2023 Market Size: USD 730.1 Million
• 2030 Projected Market Size: USD 1,764.2 Million
• CAGR (2024–2030): 13.7%
• North America: Largest market in 2023

Key Companies & Market Share Insights:

The car insurance market is highly competitive, with established players leveraging extensive distribution networks, strong brand presence, and diverse product offerings. At the same time, insurtech firms and digital-first platforms are disrupting the landscape with innovative, flexible, and cost-effective solutions, further accelerating market growth.

Recent Development:

• In January 2023, New India Assurance (NIA) launched its Pay as You Drive (PAYD) policy. The offering includes features such as coverage beyond distance limits, renewal discounts, and enhanced protections like roadside assistance, nil depreciation, and return-to-invoice benefits. Such flexible and personalized policies are gaining traction and supporting overall market growth.

Key Players:

• Allianz Group
• AXA
• Zurich Insurance Group
• Bajaj Finserv
• Liberty Mutual Insurance
• Progressive Casualty Insurance Company
• The Travelers Indemnity Company
• Chubb
• State Farm Mutual Automobile Insurance Company
• American International Group (AIG)

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Conclusion:

The car insurance market is expanding rapidly, fueled by rising accident rates, digital disruption, and the evolving landscape of autonomous vehicles. With insurers adapting to shifting risk models and consumer preferences, the industry is set to witness strong and sustained growth.

Aging Population Driving Demand in Global Actigraphy Device Market

The global actigraphy device market size was valued at USD 2.64 billion in 2024 and is projected to reach USD 10.67 billion by 2030, growing at a CAGR of 26.09% from 2025 to 2030. Market growth is primarily driven by the rising prevalence of sleep disorders such as insomnia, sleep apnea, and restless legs syndrome.

The aging population, which is more prone to sleep disturbances, is also fueling demand for actigraphy devices. In addition, advancements in technology—such as more accurate, user-friendly devices with enhanced data analysis capabilities—are further accelerating market expansion.

The burden of sleep-related issues is substantial. According to The State of Sleep Health in America report (2023), between 50 and 70 million individuals in the U.S. suffer from sleep disorders. Moreover, about 84 million adults—roughly 1 in 3—experience insufficient and fragmented sleep, falling short of recommended health standards.

Demographic trends amplify the market opportunity. UN projections highlight that the global population aged 65 and older has doubled over the past 50 years, rising from 5.5% in 1974 to 10.3% in 2024. By 2074, this share is expected to double again, reaching 20.7%. Older adults often experience insomnia, fragmented sleep, and other disorders that impair quality of life. Actigraphy devices, offering a convenient and non-invasive way to track sleep patterns, are increasingly adopted by healthcare providers to assess conditions, personalize treatments, and monitor interventions in elderly patients.

With the global senior population steadily increasing, the need for effective sleep management solutions is anticipated to drive significant growth in the actigraphy device market.

Key Market Insights:

• North America dominated the market with a share of 35.76% in 2024.
• The U.S. accounted for a major share of the regional market in 2024.
• By application, the sleep disorders segment led the market in 2024.
• By end-use, healthcare providers were the dominant segment in 2024.

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Market Size & Forecast:

• 2024 Market Size: USD 2.64 Billion
• 2030 Projected Market Size: USD 10.67 Billion
• CAGR (2025–2030): 26.09%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

Market players are pursuing strategies such as product launches, approvals, and strategic partnerships to strengthen their presence and gain a competitive edge. These developments are expected to accelerate growth of the actigraphy device industry over the forecast period.

Recent Developments:

• In October 2024, ActiGraph, a leader in wearable technology and scientific services for clinical drug development and academic research, partnered with Indivi, a TechBio company leveraging smartphones to advance precision medicine in neuroscience R&D.

Key Players:

• ActiGraph, LLC
• Fibion Inc.
• Koninklijke Philips N.V.
• CamNtech Ltd
• Empatica Inc.
• ActivInsights Ltd
• neurocare group AG

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Conclusion:
The actigraphy device market is poised for rapid growth, driven by the rising prevalence of sleep disorders, technological advancements, and the expanding aging population. These factors collectively position actigraphy devices as a critical tool in improving sleep health and overall well-being.