trending research reports

The global  luxury goods market  size was estimated to reach USD 579.26 billion in 2030 and is anticipated to grow at a CAGR of 6.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is driven by various factors, including the rise in high-net-worth individuals and experiential luxury. The influence of millennial and Gen Z consumers has been pivotal in driving the demand for customizable luxury products or immersive shopping experiences. The increase in popularity of e-commerce, social media, and influencer advertising has been pivotal in driving the demand for luxury goods. The luxury apparel segment is growing due to changing consumer preferences and dynamic fashion trends. In addition, the rising popularity of social media platforms has become a critical marketing tool for luxury apparel brands, allowing them to build brand awareness globally and engage with their customers. The luxury perfumes and cosmetics s...

The global  protein bar market  size is expected to reach USD 20.87 billion by 2030, growing at a CAGR of 5.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. With increasingly busy lifestyles and a shift toward on-the-go eating habits, consumers are gravitating toward snacks that offer both convenience and health benefits. Protein bars have become a popular choice for those looking to supplement their diet with essential protein, which plays a crucial role in muscle building, repair, and promoting satiety. To cater to diverse tastes and preferences, manufacturers are continuously innovating with new flavors and formats. Recent introductions include unique flavors like salted caramel, chocolate chip cookie dough, and birthday cake, as well as new formats that incorporate added fiber, vitamins, and minerals. Protein bars have emerged as a convenient, ready-to-eat nutritional supplement, especially favored by fitness enthusiasts. Their hig...

The global  quantum cryptography market  size is anticipated to reach USD 4,623.2 million by 2030 and is projected to grow at a CAGR of 38.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The COVID-19 pandemic significantly influenced market growth by amplifying cybersecurity concerns amidst the rapid shift to remote work and digital communication channels. This shift exposed organizations to heightened cybersecurity risks as remote access points and virtual collaboration tools became prime targets for malicious actors. The need for secure data transmission became more critical as sensitive information traversed networks outside the traditional confines of office environments. As organizations sought to fortify their defenses and safeguard their digital assets in this evolving threat landscape, the adoption of quantum cryptography emerged as a strategic imperative in ensuring the integrity and confidentiality of sensitive dat...

The global  silicon carbide market  size is expected to reach USD 7.98 billion by 2030, registering a CAGR of 11.7% according to a new report by Grand View Research, Inc. The rising prominence of silicon carbide in the production of Single-crystal SiC wafers is projected to aid the market growth over the forecast period. In the last few years, the consumption of single-crystal SiC wafers increased significantly, especially to manufacture electronic chips in the semiconductor industry. The increasing need to produce compact and right design electronic devices is projected to further push the product demand in the semiconductors industry. These single-crystal wafers offer limited power loss in the form of heat owing to the reduced leakage currents and wide-bandgap. Moreover, the SiC-based wafers are equipped to handle 10 times more voltage than their counterpart materials. The rising usage of SiC-based chips in the electronic section of Electric Vehicles ...

The global district heating market size was valued at USD 190.5 billion in 2023 and is anticipated to grow at a CAGR of 5.2% from 2024 to 2030. Energy efficiency and sustainability are the key driving factors of the market growth. District heating systems offer efficiency gains compared to individual heating systems by utilizing waste heat from industrial processes, power generation, or renewable sources such as biomass and geothermal energy. This efficient use of heat resources not only reduces overall energy consumption but also lowers greenhouse gas emissions, aligning with global climate goals. Increasing urbanization and densification of cities have also impacted the market positively. As urban populations grow and cities expand vertically, the demand for heating in densely populated areas intensifies. District heating systems are particularly well-suited for these environments due to their ability to serve a large number of buildings efficiently from a centralized...

The global  veterinary services market  size is projected to reach USD 212.73 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.45% from 2023 to 2030.Some of the key factors propelling the market growth include increasing animal welfare activities, the rising need to enhance food security, increasing pet population, growing awareness about animal health & timely diagnosis & treatments, and increasing expenditure on animal healthcare services. For instance, according to the American Pet Products Association (APPA), overall spending in the U.S. pet industry was estimated at USD 136.8 billion in 2022. This was notably greater than the USD 123.6 billion estimated in 2021. Hence, the growing expenditure is expected to boost the adoption of veterinary services in the coming years.The COVID-19 outbreak had a mixed effect on the global market. During the year 2020, the market witnessed a decline ...

The global  outdoor lighting market  size is expected to reach USD 28.43 billion by 2030, registering a CAGR of 9.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing awareness to obtain efficiency in terms of energy consumption and other environment-friendly qualities for the outdoor lighting structure are the major growth drivers for the market. The pandemic had a significant impact on work culture, and many people still prefer the flexibility of working from the comfort of their homes. The need to be home most of the time increases the likelihood of investing in home comforts. To better enjoy the time spent relaxing on their porches, homeowners started making larger investments in outdoor lighting and entertainment. For instance, according to the Outdoor Furnishings Trend Report released by the International Casual Furnishings Association (ICFA), 71% of Americans are spending much more time outside in 2022 compared t...

The global  e-commerce logistics market  size is anticipated to reach USD 1,526.42 billion by 2030, according to the new report by Grand View Research, Inc. The market is expected to witness a CAGR of 22.3% from 2023 to 2030. E-commerce logistics refers to various processes such as warehousing, transportation, inventory management, labeling and packaging, invoicing, shipping, etc. Due to the continuing growth in demand for e-commerce services, there has been a subsequent rise in demand for e-commerce logistics. E-commerce sales have been expanding considerably, nearly doubling their share in global retail sales in the past five years. The market shares of e-commerce sales increased from 15.6% of total retail sales in 2017 to 31.8% of the total retail sales in 2020. Moreover, the retail market especially e-commerce retailing is getting highly competitive. Amazon and Walmart are the top e-commerce retailers. In 2020, Amazon surpassed Walmart to be the largest ...

The global mustard market size was estimated at USD 6.3 billion in 2023 and is expected to grow at a CAGR of 6.1% from 2024 to 2030. Consumers are increasingly aware of the health benefits associated with mustard, including its potential anti-cancer properties and nutritional value. Mustard seeds are rich in essential nutrients, which has led to a rise in demand for mustard-based products as part of a healthy diet. Mustard seeds are rich in essential nutrients, including proteins, fiber, vitamins, and minerals such as erucic acid and tocopherols. These components contribute to various health benefits, including improved digestion, reduced inflammation, and enhanced skin health. Companies are investing in research and development to create innovative mustard-based products, including gourmet mustards and functional foods with added health benefits. This includes mustard extracts and oils with enhanced nutritional profiles. Mustard is a significant oilseed crop contributing...

The global  UAV payload market  size is expected to reach USD 6.34 billion by 2022 according to a new report by Grand View Research, Inc. Technological advancements and increasing investments in R&D have driven the UAV market. Increasing demand in military and commercial UAV industry has propelled industry growth. Payloads are a part of larger drone system and depend on the application segment of the UAV system. UAV payload comprises sensors, cameras, gimbal controllers, communications systems, and weaponry. Applications of such UAVs in energy, agriculture, retail, and media and entertainment sectors along with firefighting and surveying are expected to positively impact payload industry growth. Drones are gradually becoming popular in the commercial sector as well after making their presence felt in the military sector. However, stringent government policies regulating the use of such UAVs commercially are expected to pose a challenge to the payload industry...

The global  tire recycling market  size is anticipated to reach USD 8.46 billion by 2030, growing at a CAGR of 3.71% from 2025 to 2030, according to a new report by Grand View Research, Inc. The industry is a crucial segment of the global circular economy, driven by the need for sustainable waste management and resource conservation. As end-of-life tires pose significant environmental hazards, recycling initiatives have gained momentum, transforming discarded tires into valuable materials such as recycled rubber, recovered carbon black, and tire-derived fuels. These materials find extensive applications across diverse industries, including automotive, construction, and manufacturing, offering cost-effective and eco-friendly alternatives to virgin raw materials. With increasing regulatory pressures to reduce landfill waste and carbon emissions, businesses are actively investing in advanced recycling technologies to enhance material recovery efficiency and product ...

The global  argon gas market  is expected to reach USD 17.21 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2023 to 2030. Argon is often substituted by helium in various sectors; however, rising helium prices are projected to boost product demand in several applications. Expanding automobile sector is also anticipated to increase product demand as steel is one of the main components of this sector. The solar energy market requires huge volumes of argon for manufacturing processes. Burgeoning energy markets are also expected to drive the product demand, owing to applications in the solar and insulated windows market. Argon and krypton gases are used for insulating windows to cover the space between glass panes to prevent cold air from coming inside the rooms. This factor is further projected to drive the market over the forecast period. Growing lighting demand owing to the in...

The global  food coating ingredients market  size is expected to reach USD 5.52 billion by 2025, according to a new report by Grand View Research, Inc. Growing food & beverage industry along with the growing popularity of fast food restaurants across various age groups has been a major factor driving the market growth.  Food coating is a part of food processing activity and is used to improve the product’s structure, taste, and texture. The process involves keeping the product moving while applying the coating ingredient in a specific pattern. These coatings not only help protect the underlying product but enhance the overall appeal and quality of the product. The accelerating food processing industry is expected to bolster the growth of the product market. Moreover, the drift in the consumption patterns of the consumers and many of them opting for processed food, ready to eat and frozen foods is anticipated to drive the global food coatings market. The ...

The global small-scale LNG market size was estimated at USD 52.51 billion in 2023 and is expected to grow at a CAGR of 14.1% from 2024 to 2030. Increasing demand for cleaner energy sources, particularly in remote areas and emerging economies is driving the growth of market. Besides, small-scale LNG facilities offer a flexible and environmentally friendly alternative to traditional fossil fuels, making them attractive for power generation, industrial applications, and transportation. Additionally, the development of infrastructure and technology that enables the efficient production, transportation, and distribution of LNG on a smaller scale is positively influencing the market. This includes advancements in modular liquefaction plants, small-scale storage tanks, and specialized LNG carriers. The transportation sector has also been a significant driving force for the market. As environmental regulations become stricter, particularly in the maritime industry, many shipping...

The global acute myeloid leukemia treatment market size was estimated at USD 3.47 billion in 2024 and is projected to grow at a CAGR of 10.6% from 2025 to 2030. Rising incidences of acute myeloid leukemia and increasing need for advanced therapeutics are attributed to factors such as genetic mutations, unhealthy lifestyles, continued exposure to hazardous chemicals such as benzene, and radiation exposure. Moreover, the increasing geriatric population base and growing unmet healthcare needs are expected to boost market growth further.  Advancements in targeted therapies have been at the forefront of the progress in Acute Myeloid Leukemia (AML) treatment so far. In recent years, there has been substantial development in therapies such as BCL2 inhibitors, IDH inhibitors, and FLT3 inhibitors. These therapies provide personalized treatment options tailored to specific genetic mutations, resulting in improved outcomes for patients. For instance, in July 2023, the FDA appro...

The global  urolithiasis management devices market  was valued at USD 2.21 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2023 to 2030. The alarming growth in the incidence rate of urinary stones, over the years, is responsible for the advancements in the treatment options. European Association of Urology states that it is one of the most common lifestyle disorders with a 10% prevalence rate and requires a systematic treatment approach. Urolithiasis means formation of stones in the urinary system, mainly including the kidney, ureters, and the bladder. It is a major healthcare concern in the high end countries such as the U.S., Canada, and Germany with a recurrence rate of 50% in most of the cases. Urolithiasis can be managed with the help of lifestyle changes, controlled diet, or basic medication. However, various treatment approaches need to be adopted for the removal of large stones t...

The global  intermodal freight transportation market size  was estimated at USD 42.91 billion in 2023 and is expected to register a CAGR of 12.1% from 2024 to 2030.Intermodal freight transportation is the movement of goods using multiple modes of transportation (such as trucks, trains, and ships) in a single journey, without handling the freight itself when changing modes. The market is growing significantly due to the need for a more reliable, safe, efficient transportation system, containerization permitting easy handling of goods, growth in the domestic intermodal transportation market, and free trade agreements. The intermodal freight transportation market emphasizes the need for a more reliable transportation system due to the increasing demand for timely and secure delivery of goods. Reliability in transportation ensures that goods arrive at their destination without damage, reducing losses and improving customer satisfaction. Safety is a paramount concern,...

The global  methyl ethyl ketone (MEK) market  is expected to reach USD 4.01 billion by 2024, according to a new report by Grand View Research, Inc. Urbanization and industrialization in emerging economies of Asia Pacific and the Middle East have driven the need for better infrastructure. Increasing construction spending by governments particularly in China and India to meet the rising infrastructure needs has been driving the construction industry growth which in turn is anticipated to drive demand for adhesives, printing inks, plastics, paints, and coatings demand. Expanding product penetration in pharmaceuticals can be attributed to its ability to breakdown quaternary proteins structure and increase drug penetration. Growing pharmaceutical industry globally is expected to offer growth opportunities in denaturing applications. Increasing chronic and terminal ailments prevalence is further driving the specialty drugs demand which in turn is anticipated to signifi...