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The global bubble food and beverages market size was $3,356.2 million in 2021, and it will grow at a CAGR of 10.3% during 2021–2030, to reach $8,096.2 million by 2030. This is ascribed to the increasing demand of the millennials and Generation Z for boba-based snacks and drinks, such as bubble tea, as they are considered healthy.
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The global sports food market was valued at $68,000.6 million in 2021, and this number is expected to increase to $128,735.1 million by 2030, advancing at a CAGR of 7.3% during the forecast period. This can be attributed to the rapid surge in the incidence of obesity, rise in the consumer awareness regarding health, growth in the number of industry players, increase in the frequency of product launches, boom in the disposable income, and growth in the trend of on-the-go snacks.
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The global animal pharmaceuticals market size stood at roughly $40.07 billion in 2021, and it is set to reach $72.74 billion by 2030, growing at a CAGR of 6.8% during 2021–2030. The major factors credited for the rising demand for veterinary drugs are the increasing consumption of meat and milk products, booming pet adoption trend, and growing incidence of zoonotic diseases.
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The global vitamin supplements market valued $47,328.60 million in 2021, and this number is expected to increase to $79,615.50 million by 2030, advancing at a CAGR of 5.9% during 2021–2030. This can be attributed to the growing aging population, rising demand for sports nutritional products, increasing consumer awareness about nutrition health and wellness, rising prevalence of chronic diseases and disorders, and shifting consumer preference.
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The global lecithin market size was $1,376.32 million in 2021, and this number is expected to increase to $2,490.19 million by 2030, advancing at a CAGR of 6.8% during the forecast period. This can be attributed to the increasing usage of this additive in drug manufacturing and the food industry, growing awareness regarding the consumption of nutritional diets, and high R&D investments by manufacturers to achieve sustainable production.
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The global savory snacks market size in 2021 was $252.6 billion, and it is expected to advance at a CAGR of 4.8% during 2021–2030, to reach $385.8 billion by 2030. Considering the increasing consumer demand for healthy snacking, food manufacturers are offering more-nutritious and less-fatty savory munching alternatives. Consumers’ eating habits are being influenced by the rising urbanization rate and hectic lifestyles, with people increasingly substituting flexible, light, and convenient snackin
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The global enteral nutrition market size was valued at $8,037.55 million in 2021, and it is projected to reach $13,811.6 million by 2030, growing at a CAGR of 6.2% during 2021–2030. This growth can be attributed to the growing geriatric population, surging number of victims of malnutrition receiving treatment, and lower cost of products.
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The global luggage market size stood at $38.55 billion in 2021, and it is set to reach $73.60 billion by 2030, growing at a CAGR of 7.45% during 2021–2030. The growth is primarily attributed to the growing travel & tourism industry, changing consumer lifestyles, and increasing disposable income in the emerging economies.
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The global shavers market size in 2021 was $6,732.1 million, and it is expected to advance at a CAGR of 6.0% during 2021–2030, to reach $11,334.0 million by 2030. The market is primarily driven by the swift urbanization, rising consumer awareness of appearance, and increasing disposable income. Moreover, the surge in the middle-class population has greatly raised the demand for a variety of consumer goods, many of which were formerly deemed luxury commodities.
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The global UHT milk market size was $64,095 million in 2021, and it will grow at a CAGR of 7.8% during 2021–2030, to reach $126,174 million by 2030. This is credited to the growing awareness about this product, which has a longer shelf life, offers the convenience of usage, and is preferred by urban youth due to their busy lifestyles.
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The global nitro-infused beverages market size stood at around $69.17 million in 2021, and it will grow at a CAGR of 20.3% during 2021–2030, to reach $366.07 million by 2030. The key reasons boosting the demand for nitro-infused beverages include the changing consumer preference, increasing demand for newly launched products, and surging disposable income of people.
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The U.S. sauces market recorded $18.6 billion in 2018, and is expected to growth at a CAGR of 3.3% during 2019-2024. The U.S. sauces market is projected to grow rapidly due to increasing popularity of ethnic cuisines, healthier food options, and shift toward organic or all-natural products, and growing number of immigrants in the country.
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Canada mattress and accessories market is estimated to reach $2,468.7 million in 2019, and is further expected to generate $2,689.8 million by 2024, exhibiting a CAGR of 1.7% during 2019–2024. Rising disposable income, favorable government housing policies, increasing immigration rate, and growing hotel sector are the key factors supporting the growth of the mattress and accessories market in the country.
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The global omega-3 market generated the revenue of $19.7 billion in 2019, and is projected to reach $49.7 billion by 2030, progressing at a CAGR of 8.8% during 2020–2030. Increasing awareness among consumers regarding healthy eating is driving the growth of the market across the globe.
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From $1,735.1 million in 2019, the global CBD oil market value is predicted to increase at a CAGR of 24.3% from 2020 to 2025. The key reasons behind the growth of the industry are the legal approval been given to the compound for medical, recreational, and research purposes and the promotion of cannabiodiol-containing products by companies as having wellness advantages. cannabiodiol is a non-psychoactive chemical or cannabinoid, extracted from the cannabis (marijuana) plant.
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The Mexican shower glass door market size stood at $255.7 million in 2020, and it is expected to demonstrate a CAGR of 6.7% during the forecast period (2021–2030). The growth in the tourism and hospitality industries, along with the increase in the consumer focus on home décor and do-it-yourself (DIY) activities, is propelling the demand for shower glass doors.
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The global essential oils market stood at ~$11 billion in 2020. The increasing demand for aromatherapy, growing consumer preference for natural products, and increasing demand for essential oils in the food & beverages and cosmetics industries are expected to propel the growth of the essential oils market in the forecast period.
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The Indian interior design market generated $22,939.7 million revenue in 2020, and it is expected to showcase considerable growth during the forecast period (2021–2030). The growing real estate activities, rapid urbanization, increasing population, rising disposable income, and surging government initiatives to promote and develop real estate are driving the growth of the market.
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The Saudi Arabian color cosmetics market generated $603.6 million revenue in 2020, and it is expected to grow at a CAGR of 7.1% during 2020–2030. The key factors responsible for the growth of the market include the rising disposable income, growing consciousness about appearance, surging demand for organic color cosmetic products, high investments in advertising and marketing initiatives, including via digital channels and influencers, and growing population of working women.
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The Saudi Arabia fragrance market size was estimated at $2,049.7 million in 2021, and it will grow at a CAGR of 6.1% during 2021–2030. The market is driven by the increasing number of gym-goers and rising importance of personal hygiene and grooming in the country. Saudi Arabia is one of the most-important markets in the Middle East for cosmetics and fragrance products. Consumers in the country spend a lot of money on their personal appearance, which helps the market grow.
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The U.A.E. fragrance market size was valued at $913.7 million in 2021, and it is predicted to witness a CAGR of 6.6% during 2021–2030. This can be ascribed to the surging investments in advertising and marketing initiatives, especially via digital channels, the rising disposable income, and the increasing demand for custom-made, natural, and eco-friendly cosmetic products in the country.
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The global plant-based protein market generated $11,104.3 million revenue in 2020, and it is expected to grow at a CAGR of 9.2% during 2020–2030. This is attributed to the rising intolerance to animal protein, increasing customers’ expenditure, and growing awareness about healthy plant-based food.
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In 2021, a $1,277.2 million value was generated from the sale of color cosmetic products in the GCC region. This market is expected to reach $2,314.5 million by 2030, progressing at a CAGR of 6.8% during 2021–2030. This can be ascribed to the increasing disposable income and surging focus of the population toward their appearance enhancement.
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The goat milk products market size was valued at $8,672.9 million in 2021, and it will grow at a CAGR of 4.8% during 2021–2030. The industry is mainly driven by the rise in the number of health-conscious consumers, government subsidies for goat farming, and technological advancement in this field.