Browse our comprehensive collection of market intelligence reports.
The Spain digital wallet industry recorded total transactions of US$8.217 billion in 2021 and is expected to grow at a CAGR of 31.32% to US$55.342 billion by 2028. The Spain region is estimated to have a large share during the projected period. The adoption of mobile payment applications, like Mercado Pay, PayPal, Rappi, and PicPay, among others, by shops and services worldwide is progressing quickly. This trend is anticipated to persist during the projection pe
The Europe route optimization software market is projected to grow at a CAGR of 11.67% over the forecast period, increasing from US$483.156 million in 2021 to US$1,046.027 million by 2028. This growth can be attributed to the rise in information and computer technology (ICT) spending by businesses to provide more efficient products and services.
The Japan animal feed market is projected to witness a compound annual growth rate of 2.15% to grow to US$12,868.450 million by 2028, from US$11,090.446 million in 2021. Several variables interact to shape the dynamics of the animal feed industry in Japan. The market for animal products, shifting consumer tastes, legal issues, economic situations, technical developments, environmental concerns, and disease outbreaks are some of the major forces at play. The mark
The Canada industrial sensors market is expected to grow to US$666.174 million by 2028, up from US$ 447.789 million in 2021, with a CAGR of 5.84% during the projected period. Sensors can be used in multiple end-user industries and can be used to detect real-world properties such as heat, pressure, and distance among others. Additionally, industrial sensors help in improving processes and offer unmatched asset protection. Industrial sensors also provide reliabili
The China indoor farming market is projected to grow at a CAGR of 10.99% over the forecast period, increasing from US$3.643 billion in 2021 to US$7.559 billion by 2028. China, hosting the world's largest urban population, anticipates a sustained urbanization trend. Escalating demand for locally cultivated produce is hampered by land scarcity and environmental issues in traditional agriculture.
The Middle East and Africa plant protein market is expected to grow to US$733.218 million in 2028, up from US$ 377.929 million in 2021, with a CAGR of 9.93% during the projected period. The increasing number of health-conscious consumers who are trying to find alternatives to animal-based food is one of the major reasons driving the market growth. Additionally, increasing trends for veganism coupled with increasing demand f
Türkiye plant protein market is estimated to grow at a CAGR of 10.26% to reach a market size of US$59.420 million in 2028 from US$29.984 million in 2021. This growth can be attributed to the increasing importance of plant proteins in the F&B business in recent years. This trend is primarily motivated by their health advantages and the growing trend of veganism in the nation. For instance, the
The North American drug delivery market is expected to grow at a CAGR of 9.20% from US$338.826 billion in 2021 to US$627.333 billion by 2028. The growing incidence of chronic illnesses like diabetes and cancer, which has increased the need for more efficient medication delivery methods, is one of the drivers boosting the North American drug delivery market. Developments in technology, especially in fields like biotechnology and nanotechnology, have made it possi
The global neodymium market is projected to grow at a CAGR of 8.50% over the forecast period, increasing from US$2,229.836 million in 2021 to US$3,948.285 million by 2028. Neodymium symbolized as Nd, is a solid chemical element categorized as a lanthanide and remains in a solid state at room temperature. Comprising approximately 18% of Misch metal, neodymium plays a crucial role in the production of flints for lighters. Additionally, it is a key constituent of d
The China probiotics market is estimated to grow at a CAGR of 12.46% to reach US$24.425 billion by 2028 from US$10.738 billion in 2021. Probiotics mainly refer to living microorganisms that offer various health benefits when they are consumed in the body. They are the functional bacteria that enable the regulation of a person’s gut bacteria to maintain a healthy balance in the body. In China, the demand for probiotics is expected to grow manifolds as they
The South Korea probiotics supplement market was valued at US$165.187 million in 2022 and is expected to grow at a CAGR of 11.78% during the forecast period. Probiotic supplements are products that contain live microorganisms, primarily bacteria or yeast, designed to offer health benefits when consumed. These microorganisms are often referred to as "good" or "helpful" bacteria due to their perceived role in maintaining a balanced gut microbiome. The gut microbiome is
The two-stage turbocharger market is expected to grow at a CAGR of 3.72% during the forecast period. A two-stage turbocharger is a forced induction device used in internal combustion engines to boost their power output. It is sometimes referred to as a twin-turbo or twin-scroll turbocharger. A two-stage turbocharger has the advantage of offering a wider powerband than a single turbocharger. It uses the dual functional approach where Turbo lag is decreased by