Botanical Ingredients Market Trends & Forecast

As per Knowledge Sourcing Intelligence (KSI) latest report,the botanical ingredients market is estimated at US$206.538 million in 2025 and is expected to grow at a CAGR of 7.14%, attaining US$291.538 million by 2030.

The botanical ingredients market is driven by increasing demand for botanical ingredients such as oils like coconut oil, jojoba oil, argan oil, and others; extracts like chamomile, green tea, and others; powders such as fruit and vegetable powder, and others such as beeswax and essential oils due to rising demand of consumers for natural and organic products for skincare, dietary supplements, functional foods and in other products. Thus, the growing health and wellness trend and increasing demand for natural and organic products in personal care are the major factors driving the market growth.

The market is witnessing a transformative shift towards tailored botanical solutions for catering to the growing demand for functional foods and dietary supplements due to a surge in demand for health and wellness products. The market is expanding into the emerging regions of Asia-Pacific to tap into the traditional culture of botanical use in daily life, where consumers are increasingly able to embrace high-quality, plant-based, premium botanical products due to the rise in disposable income. Additionally, the market is trending towards increasing use of staple ingredients in food, beverage, and supplement innovations.

The market is also transforming because of increasing product innovation, which is driving the market. There are advanced extraction technologies, such as supercritical fluid extraction and nanoencapsulation, which improve the purity of the ingredients, making them ready for new product formulations. There are increasingly new applications of botanical ingredients in botanical-infused serums, moisturizers, and anti-aging products. It is finding its emerging applications as natural flavors, colors, and preservatives in foods and beverages. Besides, the growing e-commerce boom and advancement in biotechnology are reshaping the market by increasing market accessibility and enabling the production of more efficient and cost-effective ingredients, respectively.

➥ View a sample of the report or purchase the complete study at: Botanical Ingredients Market Report

Botanical Ingredients Market Report Highlights

  • There is growing demand from personal care and cosmetics, dietary supplements, and functional foods.
  • The market is witnessing advancing techniques of ingredient extraction, improving its purity and bioavailability for new product formulations.
  • The market is shifting towards sustainably sourced botanical ingredients.
  • The market is growing into emerging regions such as Asia-Pacific, leveraging on its growing disposable income and deep-rooted botanical ingredients use culture.
  • The growing market of herbal medications is also offering huge opportunities for the market to grow.
  • Countries like India and China will be growing at a significant rate.

Botanical Ingredients Market Segmentation

Knowledge Sourcing Intelligence has segmented the global Botanical Ingredients Market based on Type, Ingredient source, Application, and Region:

Botanical Ingredients Market, By Type

  • Plant Extract
  • Essential Oils
  • Others

Botanical Ingredients Market, By Ingredient Source

  • Herbs
  • Roots
  • Leaves
  • Seeds
  • Nuts
  • Berries
  • Others

Botanical Ingredients Market, By Application

  • Food and Beverage
  • Pharmaceutical
  • Personal Care and Cosmetics
  • Animal Care
  • Others

Botanical Ingredients Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • South Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Botanical Ingredients Market Key Players

  • Botanical Ingredients Ltd.
  • Kerry Group plc
  • ADM
  • International Flavors & Fragrances Inc
  • DSM-Firmenich
  • MartinBauer
  • Bell Flavors & Fragrances, Inc.
  • Givaudan
  • Döhler GmbH
  • Euroma
  • Nutrasorb, LLC
  • Ingex Botanicals
  • Botanic Healthcare
  • Phyto Life Sciences Pvt. Ltd.
  • Vinayak Ingredients (INDIA) Pvt. Ltd.

Report Coverage:

Report Metric Details
Growth Rate CAGR of 7.14%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Million
Segmentation Type, Ingredient Source, Application, Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Botanical Ingredients Market Botanical Ingredients Ltd., Kerry Group plc, ADM, International Flavors & Fragrances Inc, DSM-Firmenich
Customization Scope Free report customization with purchase

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

Introduction To Chemical and Mechanical Recycling  

The unfurling of technology has changed the face of waste management, with technology being the forefront of development as well as climate strategy. Methods of waste management like landfilling and incineration have become obsolete and must be considered not only because of the difficulty and stressful work of managing the waste, but also because of its repercussions, like methane production and leachate production, along with the destruction of reusable materials. In this regard, incineration and landfilling are not only difficult and stressful, but they are also destructive to reusable materials of great value. Considering the accelerated rate of consumption and increasing population, there is an enormous need for the expansion of the circular economy. This paradigm also includes the reuse and recycling of plastics. For the management of plastic waste, these methods of recycling are the critical answers. In the 21st century, these two methods of recycling are not only a change towards a positive and critical approach to waste management but also expanding the circular economy approach of the world.

The following factors are propelling chemical and mechanical recycling across different sectors:

  • Stringent environmental regulations are driving industries to adopt sustainable recycling solutions.
  • Extended Producer Responsibility (EPR) mandates are pushing companies to manage post-consumer waste.
  • Rising demand for recycled content is prompting manufacturers to source secondary materials.
  • Technological advancements are improving recycling efficiency and expanding material compatibility.
  • Circular economic goals are encouraging industries to close material loops.
  • Volatility in virgin material prices is making recycled alternatives more attractive.
  • Brands are incorporating post-consumer recycled materials to meet consumer demand.
  • In separate sectors, specific waste-related challenges have become driving factors which are per the nature metallurgical and can witness specialized recycling solutions for those sectors.
  • Recycling infrastructure is growing at an increasing pace, increasingly encouraged by governmental incentives / subsidies.
  • Corporate sustainability commitments are leading to broader consolidation and investments in recycling technologies.
  • Chemical recycling innovations are enabling challenges to process complex and contaminated plastics.
  • Improved mechanical recycling technology is increasing the quality and consistency of recycled material outputs.

Mechanical Recycling: An Essential Method for Recovering Waste

Mechanical recycling is the most controlled and used division of recycling. It consists of the physical treatment of plastic waste without intervening in its basic chemical constitution. The plant operations include collection, sorting, washing, shredding, melting, and remolding. The material is used to develop new products, such as textiles, construction materials, and containers, after reprocessing.

The process works quite well with mono-material plastics like PET and HDPE, which are found in beverage bottles and detergent containers. To prevent contamination, mechanical recycling requires clean and well-sorted trash. Due to the passage of time, there is a possibility of polymer chain breakage, which may result in a loss of output quality. Despite the many downsides mechanical recycling may have, it is, without a doubt, the best available first option to reduce plastic waste as it is ready for use in the industry, has an existing framework, and is inexpensive.

Chemical Recycling: A Revolution in Circularity Technology

Chemical recycling, unlike mechanical recycling, employs chemical reactions to depolymerize the plastics into their elementary chemical building blocks or primary monomers. Highly complex and contaminated plastic waste can be transformed into valuable chemical feedstocks through processes such as pyrolysis, gasification, depolymerization, and solvolysis. Subsequently, these feedstocks may be processed into industrial chemicals and fuels or re-polymerized into fresh, virgin-quality plastics.

Chemical recycling enables the processing of plastics that are hard to recycle, such as composite materials, polystyrene, and multi-layer packaging. In addition, it can be infinitely recyclable if optimized and conducted under a renewable energy supply. The chemical recycling method has drawn much attention from governments and industry keen to close the loop on plastic usage while being in its infancy stage in many countries. It is the essential tool to help overcome all the disadvantages that mechanical recycling may have since it offers the potential to transform mixed, unclean, or degraded plastic waste into high-quality outputs.

Mechanical Recycling’s Benefits for the Circular Economy

Mechanical recycling is appreciated for being simple, less costly, and able to conserve natural resources. It reduces the emission of greenhouse gases and sustenance for the virgin material by transforming waste material into new products. Enhanced environmental, social, and governance (ESG) profiles and reduced costs on raw material procurement are good for industries.

Mechanical recycling also boosts local economies by generating jobs in processing, sorting, and collection. Mechanical recycling schemes may significantly cut landfill usage, shield marine environments from plastic pollution, and prolong product lifecycles when combined with compelling regulatory incentives and public awareness campaigns. To increase its effectiveness, sorting technologies, labeling systems, and product design, such as recycling-friendly design, must be continuously improved.

Chemical Recycling’s Benefits as a Complementary Approach

Chemical recycling bridges important gaps in mechanical processes, particularly when managing polluted or complex waste streams. It provides a closed-loop recycling pathway for materials that were previously thought to be unrecyclable by enabling the breakdown and reuse of polymers that would otherwise be landfilled or burned.

Chemical recycling is rapidly emerging as a practical solution for producing virgin plastic due to the increasing demand for high-purity recycled materials, especially in food-grade uses. This method can produce plastics that meet the necessary safety and quality standards required in sensitive sectors like food packaging and pharmaceuticals. Despite the current high costs and significant energy requirements for implementation, technological advancements and improvements in scalability are reducing expenses and enhancing the efficiency of these processes.

Combining the Two Approaches in Sustainable Waste Management Systems

A mechanical and chemical recycling combination makes a stronger, larger recycling setup. Mechanical recycling for clean, large streams of recyclable plastics, and chemicals for the leftovers of waste that are colored, composite, or dirty. This dual effect has positive impacts on subsequent raw materials, avoids environmental leakage, and increases total recycling rates.

Money is also being invested in hybrid systems combining aspects of both. A municipality could, for example, operate mechanical recycling units for everyday waste streams and support private chemical recycling plants through tax incentives and regulations. This layered infrastructure creates a more nimble and effective system that can handle the diversity and complexity of modern trash.

Participation of Industry, Innovation, and Policy

Regulations are an important stepping stone to take when increasing recycling technology. Drivers such as statutory minimum recycled content requirements, extended producer responsibility (EPR) and landfill levies are all nudging the recycling pendulum more towards encouraging both mechanical and chemical recycling solutions. High recycling targets can be found in the EU’s Circular Economy Action Plan, and in countries such as the US and across Asia are embarking on regional plans to enhance their recycling infrastructure.

In terms of innovation, companies such as Loop Industries, Eastman Chemical, and Carbios are leading the charge in creating new chemical recycling methods. At the same time, organizations like Veolia, SUEZ, and Republic Services continue to enhance mechanical recycling processes by utilizing robotics, blockchain for traceability, and AI-powered sorting systems. By collaborating, government entities, businesses, and academic institutions can establish a sustainable waste management framework that leverages the benefits of both types of technologies.

Environmental Effects and Worldwide Importance

There are several environmental benefits of the advanced recycling systems. They are critical for reducing greenhouse gas emissions, conserving energy and water, and preventing plastic pollution on land and in oceans. When resource scarcity and climate change loom large, effective recycling methods help countries meet their carbon reduction targets and move towards being net-zero economy.

In addition, recycling relieves pressure on the extraction enterprises, which means a lower ecological footprint from mining and drilling. It also helps safeguard ecosystems that would otherwise be disturbed through resource extraction and promotes biodiversity conservation. This dual recycling strategy can offer a model for sustainable production and consumption that countries worldwide can follow (UN Sustainable Development Goals, SDG 12).

Overcoming Obstacles for Future Scalability

The road to broad adoption is paved with obstacles, even with notable advancements.  While chemical recycling is still expensive and energy-intensive, mechanical recycling still has contamination issues and limited recyclability.  In many underdeveloped nations, adoption is further hampered by a lack of infrastructure, little backing from policymakers, and low public awareness.

Standardized material labeling, public-private collaborations, infrastructure investment, and education initiatives are crucial to removing these obstacles.  Technologies need to improve in terms of effectiveness, economic viability, and accessibility.  Integrating product design with end-of-life recovery and guaranteeing a steady supply chain of recyclable materials are two other crucial actions.

The following companies deliver solutions in the field of chemical and mechanical recycling:

  • Veolia: Global environmental services provider Veolia is a significant player in the mechanical recycling sector, especially in North America, Asia, and Europe. The business collects, sorts, and processes post-consumer plastics, paper, metals, and glass at its dozens of material recovery facilities (MRFs). To improve the efficiency of material recovery, Veolia has made significant investments in cutting-edge sorting systems that use robotics and artificial intelligence. Additionally, the business collaborates with well-known consumer companies to offer closed-loop recycling solutions, particularly in the packaging industry. Veolia promotes circularity with its “Resourcer” strategy, which provides end-to-end services from garbage collection to the provision of premium recycled raw materials.
  • Eastman Chemical Company: Eastman is a major pioneer in the field of chemical recycling, especially about their molecular recycling technology. The company breaks down difficult-to-recycle plastics into molecular building blocks to create new, virgin-equivalent plastics using techniques including polyester renewal and methanolysis. In Tennessee, Eastman has made investments in sizable chemical recycling facilities and is growing internationally. Thanks to their method, contaminated materials that cannot be recycled mechanically, multilayer films, and colorful polymers may all be recycled. Eastman uses chemically recycled content to help international textile, packaging, and cosmetics manufacturers reach sustainability goals.

Frozen Edamame Market Trends & Forecast

As per Knowledge Sourcing Intelligence (KSI) latest report, the frozen edamame market, valued at US$274.204 million in 2030 from US$237.799 million in 2025, is projected to grow at a CAGR of 2.89% through 2030.

Edamame is the name for soft, immature soybeans that can be eaten, often steamed. Most edamame eaten in the United States is imported frozen from China and other countries in East Asia. The increasing interest in the potential health benefits of eating edamame has prompted several growers to explore producing the vegetable crop domestically, raising the potential for market sales in frozen form.

In May 2022, Agricultural Research Service and University of Illinois Urbana-Champaign scientists announced that seven new sources of edamame soybeans are now available for use in breeding commercial varieties that can resist insects and disease. Approximately 90 % of U.S. grain-type soybean varieties carry genes for resistance to some diseases and pests, unlike the edamame varieties, which incorporate resistance to pests and disease.

Further, Ardo developed agrotechnology to grow edamame soy beans in Europe. Edamame in the pod are grown, harvested, processed and packed at the site in the Marchfeld region of Austria. Edamame in the pod is in the field from May to September, and ensuring they have enough irrigation is key during growth.

Consumers wanted higher-protein snacks that are plant-based and minimally processed, but those options are limited; thus, in February 2025, Biena launched Biena Crispy Edamame, a high-protein, plant-based snack made with 100% avocado oil. This innovation delivered superior taste and crunch while packing up to 13g of plant protein per serving, as much as two eggs. They were the first brand to launch a Crispy Edamame Snack with 100% avocado oil. The snacks are gluten-free, low-carb, and free from artificial ingredients.

Following the announcement in September 2024, the edamame beans harvested in Flevoland are available from March 2025 in the frozen section of all 725 Jumbo supermarkets in the Netherlands and Belgium, as well as online at Jumbo.com. Edamame beans have now been cultivated and sold in the country.  Jumbo, one of the largest supermarket chains in the Netherlands offers young soybeans as it is gaining popularity among consumers, and Jumbo customers love this nutritious green powerhouse can be assured that they come from local Dutch farms. Moreover, Dutch farmers benefit from a long-term partnership, ensuring stable sales.

➥ View a sample of the report or purchase the complete study at: Frozen Edamame Market Report

Frozen Edamame Market Report Highlights

  • By product type, frozen edamame market is segmented into whole edamame, shelled edamame, edamame snaps, edamame paste, and edamame flour. Edamame snaps are growing, driven by innovation in edamame-based snacks, which are gaining traction among consumers looking for nutritious snacks.
  • By application, the frozen edamame market is segmented into food processing, food service industry, and retail. The food service industry, such as restaurants, hotels, and other foodservice outlets, is offering frozen edamame into their menus as appetizers or salad ingredients.
  • By distribution channel, the frozen edamame market is segmented into online and offline. The online segment is rapidly growing, driven by the increasing popularity of consumer preference for convenient home delivery. Jumbo started offering edamame beans in the Netherlands and Belgium, long-term collaboration with Jumbo enables farmers such as Harry’s Farm in Flevoland to scale up edamame cultivation in the country.
  • According to the World Integrated Trade Solution, in 2023, top importers of Soya beans are China with 87,387,600,000 Kg, followed by the European Union with 13,398,900,000 Kg, Argentina with having 10,367,700,000 Kg, and Japan with 3,155,530,000 Kg.
  • Asia Pacific will be the fastest-growing market during the forecast period, driven by huge population, and increasing adoption of vegan and vegetarian diets is driving demand for frozen edamame in countries like China and India.
  • North America is anticipated to see considerable growth, fueled by a continuous rise in consumer awareness of the health benefits of edamame, such as its ability to reduce risks of chronic diseases like heart disease and diabetes.

Frozen Edamame Market Segmentation

Knowledge Sourcing Intelligence has segmented the frozen edamame market based on product type, application, distribution channel, and region:

Frozen Edamame Market, By Type

  • Whole Edamame
  • Shelled Edamame
  • Edamame Snaps
  • Edamame Paste
  • Edamame Flour

Frozen Edamame Market, By Application

  • Food Processing
  • Food Service Industry
  • Retail

Frozen Edamame Market, By Distribution Channel

  • Online
  • Offline

Frozen Edamame Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Others

Frozen Edamame Market Key Players

  • Brecon Foods
  • Xiamen Sinocharm
  • Xiamen Sharp Dragon
  • SINOFROST
  • Bariball Agriculture
  • Yuyao Gumancang Food
  • ANJ Group
  • Young Sun
  • Cixi Yongjin Frozen Food
  • Shaoxing Lurong Food
  • Chiangmai Frozen Foods Public Company
  • Jooever
  • LACO

Report Coverage:

Report Metric Details
Growth Rate CAGR of 2.89%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Million
Segmentation Product Type, Application, Distribution Channel, Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Frozen Edamame Market Brecon Foods, Xiamen Sinocharm, Xiamen Sharp Dragon, SINOFROST, Bariball Agriculture
Customization Scope Free report customization with purchase

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

The global landscape of small and medium-sized businesses (SMBs) is undergoing significant digital changes. The adoption of Artificial Intelligence (AI) in bookkeeping is one such disruptive innovation that is reshaping the financial efficiency and financial accuracy of SMBs by offering real-time financial visibility, which helps these SMBs to make better and informed decisions. Various AI technologies, such as machine learning, natural language processing, and intelligent automation, are integrated into these businesses to streamline and optimise financial record-keeping tasks, including data entry, invoice processing, expense categorization, reconciliation, and financial reporting. These AI-driven solutions helps these SMBs to reduce the cost as well.

AI in bookkeeping is one of the fastest-growing segments in the global accounting software, driving rapid growth of AI-powered tools such as QuickBooks, Xero, Zoho Books, Botkeeper, Dext and many others. These AI-powered tools are thus a key feature that is reshaping the financial accuracy of SMBs by automating their bookkeeping processes.

How AI is Reshaping Bookkeeping for SMBs

Automating Accuracy: We all know traditional bookkeeping methods are time-consuming, error-prone and resource-heavy. This makes SMBs feel constant pressure to manage their finances with greater accuracy, better speed and compliance-aligned. This is where artificial intelligence is acting as a game-changer by automating the core financial bookkeeping tasks while improving accuracy.

According to Intuit’s July 2025 press release, Intuit has launched a suite of AI agents in Quickbooks that automate the workflows such as transaction categorization and reconciliation and also delivers cleaner and accurate books through real-time insights by reducing human errors.

Over 90% of SMBs globally will leverage AI for continuous monitoring and anomaly detection, reducing financial errors and fraud by over 95%, while 60% of U.S. SMBs have already fully integrated AI for continuous error detection, highlighting the increasing number of SMBs using AI for maintaining financial accuracy of their business. The same reports also highlight that U.S. SMBs are confident about the enhancement of anomaly detection (27% SMBs) and financial reporting   (24% SMBs) improving overall by 40%, highlighting how AI is offering accuracy and is one of the key reason for SMBs adopting AI in bookkeeping services.

Beyond accuracy, AI is also transforming SMBs’ bookkeeping by delivering:

Time and Cost Efficiency: AI helps to automate data entry, invoice processing, and expense tracking to save time and reduce costs. 45% of customers save up to 12 hours per month using the new AI-powered bank feed features.

Real-Time Financial Insights: AI also offers real-time financial insights through AI-powered dashboards, cash flow forecasts, and anomaly detection, providing up-to-date financial visibility. A Sage-commissioned Forrester survey highlights that 81% of U.S. SMBs report better decision-making with AI in accounting, including bookkeeping, leading SMBs to leverage real-time financial insights.

Scalability for Growing Businesses: One other key way in which AI helps is offering scalability to growing businesses. AI handles increased transaction volumes, automates reconciliations, and streamlines reporting, helping SMBs expand. 68% of customers say AI allows them to spend more time growing their business.

Thus, AI-powered bookkeeping is transforming how SMBs manage their finances. It is revolutionizing the financial accuracy of SMBs with smarter automation, fewer errors and by offering faster insights that help in better decision making.

Key Technologies Powering AI Bookkeeping

AI in bookkeeping systems uses various technologies such as machine learning, natural language processing (NLP), optical character recognition (OCR), robotic process automation (RPA), predictive analytics, cloud computing, API integrations, conversational AI, and data encryption for automating, digitizing, and enhancing financial workflows of SMBs.

  • Machine Learning: Machine learning is the foundational technology on which AI bookkeeping solutions is based. It allows systems to learn from past data, identify patterns, and make informed decisions. It is mainly used for transaction categorization, anomaly detection, and predictive analytics in bookkeeping, which minims manual intervention and thus helps in enhancing the accuracy of financial reporting. For instance, Botkeeper’s Transaction Manager, a AI bookkeeping products, utilizes machine learning to assign confidence scores to categorized transactions. According to the company, when the systems is 98% confident that the transaction is accurate, it automates the process and records it under financials and if not confident, automatically rejects the transaction and doesn’t record. This process helps in saving time and also lessens the necessity for manual verification.
  • Natural Language Processing: Natural Language Processing (NLP) is a kind of AI technology that understands, do interpretation and generate human language, thus it is used as a key technology for extracting information from documents like invoices, receipts and contracts. Other technology then processes those human-translated information and use further. A notable example is Dext, which uses NLP to scan and manage receipts via mobile devices, email, or drag-and-drop. It is believed to offer accuracy over 99%. This same technology also supports voice-activated bookkeeping, invoice and contract analysis by understanding and interpreting human language. Another example is intelligent chatbots that provide real-time assistance to customers by understanding their language, interpreting it and offering replies. Thus, all of these features help in streamlining operations for small and medium-sized businesses.
  • Optical Character Recognition (OCR): Optical Character Recognition (OCR) also plays a key role in AI-powered bookkeeping. It works by converting images of text, such as scanned documents, PDFs, and photos, into data that machines can read. This technology is often combined with NLP to offer digitize receipts and invoices. It also automates data entry from paper-based financial records, such as handwritten invoices or bank statements. According to a survey by ABBYY FineReader, which is known for its advanced OCR capabilities, it is highly suitable for bookkeeping tasks, especially for SMBs. It offers up to 95% accuracy even with printed text and complex layouts.
  • Robotic Process Automation (RPA): RPA, robotic process automation, also have emerging applications in bookkeeping. It complements AI by automating structured, rules-based bookkeeping workflows. A lot of surveys by leading firms have highlighted that RPA is transforming the accounting journey, and a significant accounting professionals are already using it this technology. For instance, Xero is one of the leading players in the AI in bookkeeping market that uses RPA for automating bank reconciliation.

Notable Companies Driving AI-Led Bookkeeping Solutions

  • Intuit Inc. (QuickBooks): Intuit is an American multinational business software company, headquartered in California, USA. Its AI in bookkeeping product, QuickBooks, is one of the most widely used solutions by SMBs globally. It automates expenses and do transaction categorization, generate invoice, scan receipt and do auto-reconciliation by integrating with banks. Its Booke AI-powered assistant, one of the feature it has added recently, offers various tasks such as auto-fixing uncategorized or miscoded transactions. It also offer client communication and offer real-time insights for QuickBooks banking.
  • Zoho Books (Zoho Corp): Zoho Books is a cloud-based accounting platform that is designed for SMBs. It offers automated bank reconciliation, smart transaction categorization, document scanning and data extraction, offering real-time insights for SMBs and help them in minimizing the risk of human error. It also integrated other Zoho business applications, thus offering a centralized workflow, which become a choosing point for SMBs.
  • Botkeeper: It is an AI-powered platform which works by automating the repetitive and time-consuming tasks. It performs tasks like transaction categorization, bank reconciliations, and data entry, and helps SMBs to reduce saving cost and thus managing their financial efficiently. For this, it use technology like machine learning and robotic process automation. It also offer tools for client communication, onboarding, and task tracking. Its solution is SOC 2 Type 2 compliant with bank-grade security and is used by 200+ accounting firms serving 5,000+ business clients.

Critical Insights & Strategic Actions for Industry Stakeholders

  • Democratize AI Tools for SMBs: Democratization of AI tools, i.e., offering user-friendly, affordable and scalable tools that would help them in their financial accuracy and efficiency, is one of the key strategies market players in AI in bookkeeping can use to gain competitive leverage in the market. As SMBs often lack the resources to adapt to complex AI solutions, democratizing AI tools for SMBs would offer them the financial flexibility to adopt to these tools, driving the market. Industry stakeholders in the AI in the bookkeeping market can create cloud-based, subscription-based AI bookkeeping platforms with multi-level pricing that will suit SMBs’ budgets. They can also offer solutions with a simple user interface, with options of free trials and scalable plans so that SMBs can choose. This will ensure even the smallest SMBs can use these AI tools.
  • Expand End-to-End Financial Automation: Industry stakeholders should focus on offering comprehensive workflows that can handle processes from start to end, i.e., end-to-end processes. By offering seamless integration of AI bookkeeping with existing SMB software, they can gain a competitive edge in the AI bookkeeping market, as SMBs can rely on one and be free from the hassle.
  • Build Industry-Specific Solutions: There are a lot of users who needs tailored solutions as per their demand and specification. Developing tailored AI bookkeeping modules as per the specific industry needs is a key area where AI in the bookkeeping market players can work. They can develop industry-specific solutions such as inventory-linked expense tracking or insurance billing automation, and a compliance system. This would help established players and new entrants gain a competitive edge in this niche, customized markets by addressing industry-specific needs and compliance requirements.
  • Strengthen Data Privacy and Compliance Frameworks: AI in bookkeeping companies or new players trying to enter must look into offering robust security protocols and AI systems that can adapt to changing requirements, as security or breach of security is one of the major concerns that SMBs have with the use of AI in their financial bookkeeping.

By implementing the above-mentioned strategies, industry leaders can transform the bookkeeping process for SMBs. AI bookkeeping market players, such as software providers, fintech startups, or accounting platforms, can leverage these strategies to achieve a competitive advantage, and they can establish their leadership in the SMB-focused AI bookkeeping market.

Physical Blowing Agents Market Trends & Forecast

As per Knowledge Sourcing Intelligence (KSI) latest report, the physical blowing agents market is forecasted to attain US$2,633.945 million in 2030 at a CAGR of 4.95% from US$2,068.205 million in 2025.

The physical blowing agents (PFAs) that are injected into the polymer melt may be the same as chemical foaming agents (i.e., CO2 or N2) or may be hydrocarbon or halogen-carbon-based. The physical blowing agent system requires engineering modifications, such as a high-pressure injection unit, extended screws and barrels, and gas storage or compression units.

Further, the most versatile substance is chlorofluorocarbons (CFCs) but they cause ozone layer depletion and have been banned by the Montreal Protocol in 1989. Hydrofluorocarbons (HCFCs) came as a replacement for CFCs, but they are being phased out under the Montreal Protocol since they deplete the ozone layer. HCFC is nearly 2,000 times more potent than carbon dioxide in terms of its global warming potential (GWP).

Certain hydrocarbons, e.g., pentane, isopentane, cyclopentane, and liquid CO2, are other physical blowing agents used. There are specific properties of blowing agents that lead to different machine requirements. Flammable blowing agents, such as pentane, require suitable explosion-proof equipment, which has a higher cost than conventional equipment.

However, liquid CO2 is nowadays used in different processes. The reasons for choosing liquid CO2 are by now, generally well known and widely accepted. As the product is available in nature, extremely cheap, expands three times more than competing alternatives, such as Methylene Chloride, and has no harmful effect on the health of workers or factory safety.

Further, in May 2023, a CO2 capture process, jointly developed by Linde, Heidelberg Materials, and BASF, and based on BASF’s advanced OASE blue technology, would be used for the first time at a large-scale CO2-capture facility operated by Capture-to-Use (CAP2U). It is a new joint venture established by Heidelberg Materials and Linde.

The plant would be the world’s first industrial-scale carbon capture and utilization (CCU) facility. Around 70,000 tons per year of CO₂ could be captured, purified, and liquefied. Linde can sell the resulting liquid CO₂ as a feedstock for the chemicals industry and into the food and beverage end-use markets. Moreover, the United States is the largest exporter of Carbon dioxide with 12,361,000,000 Kg exports followed by the Netherlands with 601,607,000 Kg and the European Union with 375,375,000 Kg in 2023.

Further, the government of India took various steps to increase hydrocarbon production by policy for Relaxations, Extensions, and Clarifications under the Production Sharing Contract regime for early monetization of hydrocarbon discoveries in July 2024.

Moreover, PAO NOVATEK, a company engaged production, processing, and marketing of natural gas and liquid hydrocarbons, witnessed positive growth in 2024. The total sales volumes of liquid hydrocarbons aggregated 16.4 MMT, which was 3.1% higher than in 2023. Further, NOVATEK’s liquid hydrocarbon production, including a share in the production of joint ventures, witnessed positive growth of 11.5% in 2024, with the growth of 13.79 MMT in 2024 from 12.37 MMT in 2024. These positive growths projected a significant growth in the Hydrocarbons (HCs) segment during the forecast period.

➥ View a sample of the report or purchase the complete study at: Physical Blowing Agents Market Report

Physical Blowing Agents Market Report Highlights

  • By product type, the physical blowing agent market is segmented into hydrochlorofluorocarbons, hydrofluorocarbons, hydrocarbons, hydrofluoroolefins, and others. The hydrocarbons are witnessing a significant growth as they have advantages over other types of blowing agents, which are synthetic chemicals that contain chlorine and fluorine atoms.
  • By foam type, the physical blowing agent market is segmented into polyurethane foam, polystyrene foam, phenolic foam, polypropylene foam, polyethylene foam, and others. The polymeric foams deliver enhanced thermal insulation and stiffness. They act as key materials for applications that need lightweight and energy-absorbing solutions.
  • Asia Pacific will be the fastest-growing market during the forecast period, driven by huge population, industrialization and urbanization and investment in countries like China and India.
  • North America is anticipated to see considerable growth, fueled by a continuous rise in consumer demands, technology and operational breakthroughs that have also contributed to physical blowing agent market.

Physical Blowing Agents Market Segmentation

Knowledge Sourcing Intelligence has segmented the global physical blowing agents market based on product type, foam type, process, application, and region:

Physical Blowing Agents Market, By Product Type

  • Hydrochlorofluorocarbons (HCFCs)
  • Hydrofluorocarbons (HFCs)
  • Hydrocarbons (HCs)
  • Hydrofluoroolefin (HFO)
  • Others

Physical Blowing Agents Market, By Foam Type

  • Polyurethane Foam
  • Polystyrene Foam
  • Phenolic Foam
  • Polypropylene Foam
  • Polyethylene Foam
  • Others

Physical Blowing Agents Market, By Process

  • Injection Moulding
  • Extrusion
  • Others

Physical Blowing Agents Market, By Application

  • Building and Construction
  • Automotive
  • Bedding and Furniture
  • Appliances
  • Packaging
  • Others

Physical Blowing Agents Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Physical Blowing Agents Market Key Players

  • Honeywell International Inc.
  • Lehmann&Voss&Co.
  • Nouryon
  • Arkema
  • Harp International Ltd
  • HCS Group GmbH
  • Solvay
  • The Chemours Company
  • Sinochem Group Co., Ltd
  • Linde Group

Report Coverage:

Report Metric Details
Growth Rate CAGR of 4.95%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Million
Segmentation Product Type, Foam Type, Process, Application, Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Physical Blowing Agents Market Honeywell International Inc., Lehmann&Voss&Co., Nouryon, Arkema, Harp International Ltd
Customization Scope Free report customization with purchase

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

The integration of Artificial Intelligence (AI) systems in medical diagnostics for advancing personalized patient care, along with offering accuracy and early detection. This AI technology utilizes machine learning and deep learning algorithms for processing wide datasets accurately and quickly for providing healthcare professionals with clear and valuable inputs in diagnostics, such as disease detection, analysis, and treatment plans for patients.

The market for AI in diagnostics is growing at a rapid rate, driven by the AI technology applications across diverse medical fields in managing diseases by early interventions and decreasing diagnostics-related errors, and improving detection of disease outcomes. As these AI tools utilize datasets to provide objective evaluation and decrease variability and diagnostic mistakes, compared to traditional methods, which depend on subjective interpretation and are not consistent, and can result in wrong diagnoses due to human errors. This is which is growing its adoption among the precision healthcare industry across specialties, inclusive of pathology, radiology, dermatology, and cardiology, among others, for precise medicine to improve patient outcomes.

Additionally, the growing investment and new innovations by companies in the advancement of AI systems that could increase precise healthcare applications are also increasing the market requirement in the years to come. The market is estimated to hold a strong CAGR of 34.46%, reaching $10.140 billion by 2030 from USD 2.310 billion in 2025.

The following are the benefits of AI in Diagnostics, increasing their demand across different applications:

  • Advanced AI solutions improve the analysis of medical images, assisting radiologists in recognizing abnormalities.
  • AI processes a large amount of data from electronic health records (EHRs), offering interpretations of diagnoses that are complex to attain manually.
  •  AI systems offer evidence-based advice to healthcare professionals for assisting them in making informed decisions.
  • The predictive model of AI works in data-backed forecasts of disease detection and progression, and assists in preventive care.

The following trends across diverse medical fields will shape the demand for AI in Diagnostics over the next five years.

Major Application of AI in Diagnostics Acceleration its Demand in the Healthcare Sector:

  • Pathology and Histopathology

The pathology branch works in the examination of tissue samples under a microscope for identifying the specific cellular and structural abnormalities that are indicators of changes that are characteristic of diseases, including cancer. Meanwhile, histopathology is a critical diagnostic tool for diverse health-related issues, including cancerous tissue identification and characterization, which assist medical professionals in demonstrating the type and stage of cancer.

The rise in integration of innovative solutions like advanced AI algorithms and computer-aided diagnostic techniques is transforming computational pathology and histopathology with AI-enabled diagnostics for advancing precision medicine for cancer.

The AI in diagnostics is expected to grow in this field due to the rise in cancer cases, and these systems promote the precision identification of cancer subtypes and provide personalized treatment plans for patients. According to data from the American Cancer Society (ACS) reported that new cancer cases in the United States were 2,001,140, while projected deaths due to cancer were accounted for 611,720 in 2024.

Meanwhile, the World Health Organization (WHO) stated in February 2024 data that there were 20 million new cancer cases globally in 2022, with 9.7 million cancer deaths, with three major cancer types being lung, breast, and colorectal cancers. Lung cancer was 2.5 million new cases globally, while breast cancer and colorectal cancer new cases were reported for 2.3 million and 1.9 million, respectively, in 2022.

The organization also highlighted that there is a significant increase in cancer cases, with a 77 percent rise by 2050 from 2022 cases. They projected that new cancer cases will exceed 35 million in 2050. This leads to an increase in the adoption of AI in diagnostics for facilitating early detection of these diseases by efficiently and accurately analyzing cellular patterns of cellular samples. Furthermore, these AI streamlines the workflow for medical professionals while also delivering data-backed and faster outcomes and decreasing manual tasks that work in promoting the efficiency of the diagnostics laboratories.

  • Cardiology and Cardiovascular Diagnostics

The AI is increasingly rising in adoption by the cardiology field for effective prediction of cardiovascular risks in patients and detection of abnormalities in echocardiograms and electrocardiograms. The deep learning AI models are better than traditional methods as they analyze ECG data to identify the risk factors for heart diseases and are more sensitive.

Additionally, with the rise in cardiovascular disease cases, there will be an increase in AI in diagnostics for providing preventive measures, which can enhance patient outcomes. According to the University of Utah’s report of heart disease statistics for 2024, coronary artery disease causes 40 percent of heart-related deaths every year in the United States.

Moreover, as per the U.S. Centers for Disease Control and Prevention data of October 2024, a person dies every 33 seconds in the United States due to cardiovascular disease, and it is a leading cause of death in the country. Additionally, about 702,880 individuals died from heart disease, which is equivalent to 1 in every 5 deaths in 2022 in the USA.

Further, each year, approximately 805,000 individuals suffer from a heart attack in the United States, while coronary artery disease causes 371,506 deaths in 2022.   This is expected to promote the AI in the diagnostics market for supporting early detection and decreasing the severe cardiovascular complications in patients, as reducing risk assessment. According to an article published in the American Heart Association in 2024, stated that AI worked on predicting cardiac arrest more than 50 minutes before its onset in about 91 percent of patients in the pediatric ICU, in comparison with prediction by clinicians was 6 percent, this represents a positive predictive analysis in supporting effective and quick analysis and detection in preventing the risk of cardiovascular diseases.

  • Medical Imaging and Radiology

The AI technologies are increasingly leveraged in medical imaging and radiology for the analysis of medical images such as CT scans, X-rays, and MRIs. The AI in the diagnostics market is expected to grow as it streamlines workflow in this medical field by providing automated repetitive work like lesion detection and segmentation of images, which allows radiologists to focus on more complex medical cases. This also supports informed decision making for the radiologist, and the AI-enabled cloud solutions in diagnostics also offer remote diagnostics in underserved regions.

In addition, the companies are increasingly enhancing the performance of AI in the diagnosis of medical images and the reduction of cost and time, which is beneficial for patient treatment. For instace, in February 2025, Royal Philips announced the launch of its SmartSpeed Precise, which is integrated with Dual-AI driven engines, to enhance MRI to advance the outcome of patients.  This technological innovation integrates advanced AI into its MRI system to offer faster scanning and enhanced image quality. Moreover, the company’s AI-enabled MRI workplace software provides decreased scan time, enhanced patient results with more accurate diagnoses. These developments offer advancement of generative AI and learning technologies for enhancing diagnostic precision with reduced healthcare cost, which in turn will potentially grow the AI in the diagnostic market in the future.

The Following Trends are advancing the deployment of AI technologies in Diagnostics:

  • Integration with Healthcare Systems: These AI tools offer increased integration with systems like EHRs and LIMs, which work in making a healthcare ecosystem that provides increased data analysis and work efficiency in precision healthcare.
  • Increase the Focus on Underserved and Remote Regions: The remote, rural, and underserved locations have limited medical infrastructure, which promotes the AI adoption for connecting to these regions and also offering access to enhanced diagnostics in these regions.
  • Enhancement in Multimodal Data Analysis: The AI technologies feature of enabling diverse types of data, such as genomics, imaging, and other health determinants, which drives the growth of AI in the diagnostics market, which will promote accurate and personalized diagnosis.
  • Rise in Commercialization and Investment: The growing utilization of AI technologies in diagnostics is attracting investments by major market players such as Microsoft and Google for the development of advanced diagnostic tools. In June 2025, Microsoft AI teams shared the MAI-DxO, which is a Microsoft AI diagnostics orchestrator that enables the provision of diagnoses for more than 85 percent of NEJM cases, which is more than 4 times then analysis from an experienced physician. This will decrease healthcare costs by providing cost-effective tests.

Competitive Landscape by Industry Leaders

The AI in Diagnostics market is undergoing a huge transformation and will witness robust growth and innovation. Listed below are a few market players offering new product launches and technological innovation:

  • In June 2025, NeuralCure AI announced the launch of its first diagnostic and digital twin OS for preventive healthcare infrastructure. It offers a self-navigating system with the utilization of AI technologies that bypasses the traditional method and is estimated to account for USD590 billion by 2029.
  • In April 2025, Royal Philips, which is a leader in health technology, announced the launch of the upgrade of its AI-enabled Elevate Platform on the EPIQ Elite ultrasound imaging platform at UltraFest 2025 held in India. This innovative solution focuses on enhancing efficient diagnostics and streamlining workflows, along with enabling timely decision-making for clinicians for a large range of patients.

Refined Grape Seed Oil Market Trends & Forecast

As per Knowledge Sourcing Intelligence (KSI) latest report, the refined grape seed oil market is set to witness robust growth at a CAGR of 5.83% during the forecast period, reaching a value of US$806.164 million in 2030 from US$607.213 million in 2025.

The market is driven by growing demand for natural and plant-based alternative products. The antioxidant and anti-inflammatory properties are driving the demand for refined grape seed oil in the personal care and cosmetic market.

The market is witnessing a further boost due to growing emphasis on sustainability and resource efficiency, driving companies to produce refined grape seed oil as a byproduct of the winemaking process. At the same time, the rise of online retail is giving a boost to the market demand.

The refined grape seed oil market is witnessing demand for organic refined grape seed oil sourced from organic grapes, and consumers are willing to pay a premium for organic products. The market is witnessing increased product diversification into other uses, such as cosmetics and aromatherapy. There is an increasing shift towards mechanical cold-pressed grape seed oil, as the polyunsaturated fatty acids in grape seed oil are highly heat sensitive, driving the demand for a mechanical extraction technique.

➥ View a sample of the report or purchase the complete study at: Refined Grape Seed Oil Market Report

Refined Grape Seed Oil Market Report Highlights

  • The market is driven by growing demand for the grape seed oil antioxidant and anti-microbial properties from the personal care and cosmetics market.
  • The demand for healthier alternatives will offer opportunities for market growth.
  • The market will witness increasing adoption of the mechanical cold-pressed extraction technique.
  • Wine production and increasing focus on resource efficiency and circular economy are driving the market.
  • The online segment is witnessing a surge in demand due to its easy availability of refined grape seed oil and growing internet penetration.
  • There is a growing premium segment of organic grape seed oil.
  • Europe will hold a considerable share in the grape seed oil market due to its high production of grapes and increasing demand for refined grape seed oil.

Refined Grape Seed Oil Market Segmentation

Knowledge Sourcing Intelligence has segmented the global Refined Grape Seed Oil Market based on Application, Source of Extraction, Distribution Channel, and Region:

Refined Grape Seed Oil Market, By Application

  • Food and Beverage Industry
  • Cosmetics
  • Healthcare and Supplements
  • Others

Refined Grape Seed Oil Market, By Source of Extraction

  • Conventional
  • Organic

Refined Grape Seed Oil Market, By Distribution Channel

  • Wholesale Retailers
  • Offline
  • Online

Refined Grape Seed Oil Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • South Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Refined Grape Seed Oil Market Key Players

  • Gustav Heess Oleochemische Erzeugnisse GmbH
  • Salute Santé
  • Henan Province Kunhua Biological Technology Co., Ltd.
  • Alvinesa Natural Ingredients
  • VedaOils
  • Tampieri Group
  • Borges Mediterranean Group
  • Pietro Coricelli
  • Jinyuone
  • Food & Vine, Inc.
  • Oleificio Salvadori Srl
  • Costa d’Oro
  • F.J. Sánchez S.A.U.
  • Green Gold

Report Coverage:

Report Metric Details
Growth Rate CAGR of 5.83%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Million
Segmentation Application, Source Of Extraction, Distribution Channel, Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Refined Grape Seed Oil Market Gustav Heess Oleochemische Erzeugnisse GmbH, Salute Santé, Henan Province Kunhua Biological Technology Co., Ltd., Alvinesa Natural Ingredients, VedaOils
Customization Scope Free report customization with purchase

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

AI Semiconductor Race

The edge AI semiconductor market is being transformed in 2024–25 through its rapid growth from a disruptive niche to a mainstream technology. The growth as a result of the increasing deployment of AI inference directly on devices such as industrial sensors, smart cameras, autonomous vehicles, and smartphones has unlocked demands further downstream. The rationale of being able to process data at the edge is fairly simple: reduce latency, increase privacy, and normalise the strain on data centres. Development is happening at a furious pace; Intel detailed its new Core Ultra processors designed for edge AI in January at CES 2025 (Lindsay, 2025), IBM released Power11 chips for inference workloads ai in business usages, memory-chip companies like Micron are tackling the “memory wall” that limits the AI-architecture (AI on-device) capabilitie, and governments are not remaining passive. South Korea’s National Artificial Intelligence Committee pledged 9.4 trillion won by 2027 to support the domestic AI-semiconductor ecosystem; China’s US 8.2 billion National AI Industry Investment Fund seeks to accelerate chip innovation; and India’s 2024–25 budget doubled its semiconductor and display allocation to ₹6,903 crore, approved three new fabs in February, and extended R&D programs for chip startups. These breakthroughs in technology, government funding, and the larger move to decentralise AI workloads are moving the edge AI semiconductor market altogether from an interesting niche to a salient component of the AI computing practice.

Here are the top names powering the edge AI semiconductor boom:

1. Nvidia

NVIDIA disclosed quarterly earnings for Q1 FY2026 of $44.1 billion in revenue, growing 69 % year-over-year, from $26.1 billion in the same quarter last year, and dominating the AI semiconductor sector. Despite restrictions by the U.S. that prevented it from selling H20 chips to China, effectively costing it about $4 billion this quarter, it performed better than expected, plus provided a prediction of $45 billion in Q2 revenue.

On the edge engine front, NVIDIA is not letting up. It revealed at GTC 2025 its GB10 Grace‑Blackwell SiP coming to AI workstations, providing 1 PFLOPS FP4 performance in a small package, perfect for edge inferencing starting July 22, 2025. Also, while CES 2025 introduced developments that included the RTX 50-series chips and NIM microservices aimed at providing the capability for foundation models to run locally on RTX AI PCs.

2. Intel Corporation

Intel had revenue of $53.1 billion in revenue in 2024, with both the Network & Edge Group and the Client Computing Group moving toward edge AI semis. The company embraced edge AI, launching both its modular Open Edge Platform and Edge AI Suites bundles of software and hardware oriented toward retail, industrial, and smart cities, announced at MWC 2024. In Q1 2025, Intel launched the Tiber Edge Platform, with the Geti toolkit for computer‑vision model training at the edge. Also, from a report by Reuters, new CEO Lip‑Bu Tan is advancing a homegrown strategy to outpace Nvidia by focusing on edge AI devices and systems instead of purchasing many startups.

3. Google (Alphabet Inc.)

Alphabet is advancing the edge AI semiconductor space with its custom AI chips. In 2024, Google introduced Trillium, its sixth-generation TPU, which is optimised for on-device inference to improve energy efficiency, and with 4.7× more compute compared to the last TPU v5e and 67% improvement in efficiency. During Google I/O 2024, Google introduced Gemini Nano, tailored for mobile and edge devices, along with Trillium TPUs in preview via Google Cloud services. At the most recent Google Cloud Next 2025, Alphabet introduced Ironwood, its current seventh-generation TPU with an impressive delivery of up to 3,600× performance and 29× better energy efficiency versus its original TPU. When combined with intelligent models built for edge, Google is firmly established in the edge AI semiconductor space with plans to strengthen its position as a dominant provider of edge inference.

4. AMD (Advanced Micro Devices)

AMD is making a strong foray into the edge AI semiconductor segment with its flexible, power-efficient adaptive SoCs and embedded platforms. First quarter of 2025, revenue was $7.4 billion, gross margin was 50%, operating income was $806 million, net income was $709 million, with a growing embedded and edge AI revenue represented in its admission.

On February 6, 2024, AMD unveiled its Embedded+ architecture, which combines the first Ryzen Embedded CPUs, and Versal adaptive SoCs on the same board, bringing together the compute-rich power and capabilities of adaptive SoCs to develop new ways to simplify sensor fusion and establish a low-latency AI inference platform for industrial, medical, and automotive projects.

A few months later, on April 9, 2024, AMD introduced the Versal AI Edge Series Gen 2 second-generation adaptive SoCs with next-generation AI Engines sporting up to 3× TOPS-per-watt, and with integrated Arm CPUs for true end-to-end edge AI acceleration.

5. Qualcomm Technologies, Inc.

Qualcomm is strongly established in the edge AI semiconductor market, providing best-in-class AI acceleration across mobile, IoT, automotive, and enterprise devices. In 2025, Qualcomm made known their Edge AI Box, a plug-and-play combination of AI inference accelerators and 5G connectivity for smart cities, surveillance, and smart factory use cases. At Embedded World 2025, Qualcomm launched developer kits featuring Edge Impulse and RB3 Gen2, providing access to over 170,000 developers to proof and prototype AI models on microcontrollers and edge processors. In March 2025, Qualcomm announced a partnership with Palantir that combined their real-time data analytics with Qualcomm’s edge AI platforms for industrial and manufacturing use cases. These media releases, from Qualcomm’s newsroom, share a clear embrace of empowering AI at the edge of the network, making Qualcomm a leader in edge AI semiconductor derivatives.

6. Arm Holdings

Arm is still a foundational vendor in the edge AI semiconductor market, providing processor IP, AI accelerators, and development tools. Arm launched its first Armv9 edge AI platform in February 2025, the Cortex‑A320 CPU plus Ethos‑U85 NPU, which was capable of running on-device AI models with one billion parameters, targeting IoT and smart city use cases. In October 2024, Arm announced ExecuTorch, a PyTorch framework on its compute platform, which would allow efficient deployment of quantised Llama 3.2 AI models onto mobile and edge devices. Arm’s year-in-review report A-to-Z 2024, released in November 2024, further emphasised Arm’s advances in edge AI, including new Ethos accelerators, as well as the KleidiAI performance library for developers. All these announcements, from Arm’s newsrooms, reaffirmed a clear embrace of empowering AI at the edge of the network.

7. Graphcore

Graphcore is certainly disrupting the edge AI semiconductor market by simplifying the deployment of AI workloads in proximity to the AI data’s point of origin. The UK-based company was founded in 2016 and designs state-of-the-art Intelligence Processing Units (IPUs), along with a software stack called Poplar that provides APIs for AI workloads. In November 2024, Graphcore initiated its first recruitment drive since the acquisition by SoftBank in July 2024, with 75 new positions in silicon, systems and software, in increased capacity to develop next-generation AI compute platforms, which was reported on “Graphcore’s Blog”. SoftBank’s acquisition reflects confidence in Graphcore’s USA-developed IPU technology, which is seeing increased adoption in edge computing to help deploy large AI models out of traditional data centres. Although Graphcore does not manufacture its chips, and partners with foundries to design integrated chips for deployment in clients’ edge systems, which helps consolidate Graphcore’s points of engagement in the AI semiconductor market.

8. MediaTek

MediaTek is a powerhouse in the edge AI semiconductor market, providing AI-optimised SOCs for smartphones, IoT, automotive, and more. At MWC February in 2025, MediaTek launched Hybrid Computing device-cloud and RAN capabilities for low-latency Gen-AI at the edge. At Computex May in 2025, MediaTek’s CEO announced the company’s first 2 nm chip and collaborative efforts with NVIDIA to produce the GB10 Grace‑Blackwell Superchip, which includes merging MediaTek’s ASIC knowledge with the AI fabric of NVIDIA. And these are not just demos: MediaTek also announced in March 2025 the Genio 720 and 520 IoT platforms, which support generative AI workloads within smart environments. These are official releases demonstrating MediaTek’s vertically integrated approach.

9. Synopsys

Synopsys is an important behind-the-scenes player in the edge AI semiconductor market for its EDA tools and IP. Synopsys noted on June 19, 2025, in announcing a deep collaboration with Samsung Foundry, to successfully tape‑out HBM3-based customer designs with advanced sub‑2 nm technology nodes, incorporating its AI‑driven flows and 3DIC Compiler to accelerate development and improve power, performance, and area. Synopsys also achieved first-pass silicon success in developing its IP stack with TSMC’s 2 nm N2 process in late April 2025, establishing low‑power AI chips for high-efficiency edge mobile devices. Synopsys also collaborated with SiMa.ai in late 2024 to improve its SoCs for automotive edge AI and showcased its work at CES 2025.

These developments, advanced process support, high-efficiency IP, and ecosystem alignments—position Synopsys as an enabler in the edge AI semiconductor market, despite not building its silicon.

10. Huawei Technologies Co., Ltd.

Huawei is still a powerful player in the edge AI semiconductor market as it continues to deliver in-house AI rockstar silicon and state-of-the-art edge inference systems. In April 2025, Huawei started mass shipping its Ascend 910C, a dual-chiplet SoC (likely in response to Nvidia’s H100) with ~60% of inference performance, built on SMIC’s industry-leading 7 nm N+2 process. That same month, Huawei launched CloudMatrix 384, a supernode with 384 Ascend 910C NPUs connected through ultra‑high-bandwidth fabric, developed to provide high-powered edge and data centre AI. Beyond these flagship chips, Huawei’s Ascend 310—a 16 TOPS AI inference SoC has been deployed in real-world healthcare

Conclusion

The edge AI semiconductor market is no longer emerging; it is exploding. From global leaders in chip design like NVIDIA, Intel, and Qualcomm to smaller, specialised innovators like Graphcore and Arm, these companies are not only developing innovative chip designs, but they are also re-inventing where and how AI happens. As AI moves further beyond the cloud and into devices, factories, vehicles, and cities, the demand will (and should only) increase for silicon that is faster, smaller and smarter at the edge. We are already seeing not just real investment and government support, but also partnerships. It is clear that edge AI is the new normal, and these are organisations building the silicon that will make it a reality.

Technological innovations are finding their way into modern operations to improve the overall work efficiency, which has established a framework to bolster their adoption. Furthermore, the dynamic environment is demanding technologies such as AI chatbots featuring advanced programming, which has transformed the way of human interactions. Various economies are adopting AI chatbots to optimize their potential in streamlining operations in various sectors.

Moreover, the following factors are propelling the AI chatbot adoption across nations:

  • Improve repetitive task management and exercise cost-efficiency
  • Enhances the overall customer experience by providing a quick query solution
  • 24/7 availability enables businesses to handle a large volume of simultaneous interactions
  • Growing emphasis on data-driven insights has propelled the demand for tailored solutions for industry-specific applications.
  • Multi-lingual capabilities offered enable companies to serve a diverse global market.

The following trends will shape the demand for AI chatbots in some of the major nations where Artificial Intelligence (AI) usage is witnessing significant growth.

1. United States

Standing at the forefront of technological advancements, the United States harbors various major companies, namely OpenAI (ChatGPT), Google (Gemini), and Grok, whose chatbots are based on LLM (Large Language Model) technology and are designed to offer a humorous interaction style to users. The growing number of AI users, followed by the ongoing shift towards digital automation among sectors, has provided a major boost for chatbot usage. As per the “ChatGPT Usage Statistics 2025” provided by Zebracat.ai, the United States accounted for 19% of the total ChatGPT’s global user volume.

The considerable shift towards digital platforms offering virtual interaction, followed by bolstering growth in retail, healthcare, and finance sectors, has further accelerated the demand for AI chatbots to further improve personalized experience and offer immediate services to customers.

2. China

China’s AI ecosystem is witnessing a considerable change, with efforts being made to handle complex user queries, which is further driving innovations. The launch of “DeepSeek” in 2023, which offers low inference cost and high accuracy rate, has driven its widespread adoption both at the domestic and global levels. Further, the techno-optimism of the country is leading to new model development, such as “R1” and “V3,” which offer higher performance in comparison to their American counterparts.

Moreover, the large number of internet and smartphone users in the nations has escalated the demand for AI platforms offering instant & personalized interactions, and the growing e-commerce sector in China with major players namely Alibaba which has adopted chatbots for improving customer responses, order tracking and recommendations has further provided new growth prospects for the country in the Artificial Intelligence field.

3. India

India’s digital landscape is expanding, and with the growing popularity of Artificial Intelligence (AI), which handles sophisticated queries in vernacular languages, the transition towards chatbots has witnessed considerable growth in the country. Furthermore, the economy is working on digitalizing its operations which has further impacted chatbots usage, for instance, as per the “Digital Economy Report 2024”, the country now ranks third globally for digitalization of the economy and the expected contribution of digital economy in the national economy reached 13.42% for 2024-2025.

The country’s strategy to integrate its public funding with private-sector-led innovation has enabled the development of application-specific solutions, which are now being enhanced with Artificial Intelligence, with chatbot services being displayed. For instance, the “Kumbh Sah’AI’yak” chatbot offered multilingual assistance, real-time translation, and voice-based lost & found services at the 2025 Kumbh gathering.

4. Japan

Japan is one of the major Asia Pacific economies, which is experiencing a constant technological transition with various sectors, inclusive of healthcare and finance, investing in modern concepts inclusive of machine learning (ML) and chatbots, which through process automation reduces the overall response time. The booming sector-specific AI usage in the country with platforms such as ChatGPT finding their way in enterprise, has provided new growth prospects.

For instance, according to the February 2025 press release by SoftBank Group, the company announced its partnership with OpenAI which aimed to develop, customization, and marketing of “Crystal Intelligence” advanced enterprise AI for Japan-based companies. The collaboration also involved the deployment of tools like ChatGPT Enterprise. Likewise, the booming internet traffic with growing network access to the public has also outlined the AI usage in the economy. As per the World Bank Data, nearly 87% of the population had internet access in 2023.

5. South Korea

Artificial Intelligence has emerged as a transformative force in South Korea with various possibilities to explore the range of technologies that will enable machines to mimic human cognitive abilities. Likewise, robust ICT infrastructure, widespread 5G adoption and high-speed internet facilities have provided a framework for Artificial Intelligence technologies such as chatbots to be deployed in South Korean businesses.

Hence, various strategic collaborations are taking place between South Korean companies with major AI global players. For instance, in February 2025, South Korean internet conglomerate Kakao Corporation announced its partnership with OpenAI, which involved enhancing former’s services and worker’s productivity through the use of OpenAI’s “ChatGPT Enterprise”

6. Germany

The industrial environment in Germany is witnessing a drastic change with opportunities being made for new concepts to be implemented. Moreover, the ongoing innovations to improve the digital footprint of the country have enabled the federal government to establish policies to bolster AI adoption. Moreover, the corporate culture to improve the overall customer interaction and provide instant response is investing in AI adoption, thereby marking the way for chatbot usage. For instance, as per the Federal Statistical Office, in 2023, nearly 26% of consulting companies in Germany with an employee strength of more than ten used AI, whereas the percentage share in information & communication companies reached 33%.

Various market players, such as OpenAI, are investing to expand their operations on German turf, fueled by the nation’s renowned technical expertise and industrial innovations. Recently, in May 2025, the company announced the opening of its first corporate office in Munich, which will further enable it to provide its solutions to German businesses and institutions. Likewise, global professional financial services such as KPMG have launched their generative AI-based chatbots “KaiChat” in Germany to drive innovation and productivity in their operations.

7. United Kingdom

Being one of the leading European economies the United Kingdom holds great potential for new Artificial Intelligence and deployment of the same in varied industrial and other operations. The country is implementing polices that aim to make it one of the leading AI adopters, for instance, the “AI Opportunities Action Plan” announced by the UK’s Prime Minister in January 2025 outlines the potential of AI usage in varied sectors and also how it will revolutionize public services. Such action plans will bolster AI tech adoption, such as chatbots in major areas such as IT & telecommunication, BFSI, and retail, among others in the United Kingdom.

Additionally, the economy’s e-commerce activities are also witnessing progression which has accelerated the demand for digital platforms offering personalized customer experience and real-time monitoring which has further impacted the overall market usage of chatbots. Moreover, collaboration between telecom providers and IT firms to bolster chatbot development is also impacting the market outlook. For instance, in March 2024, Vodafone’s UK mobile service offered VOXI in collaboration with Accenture launched a generative AI-based chatbot based on deep learning and large language models that enables image, video and new content creation, thereby enhancing the overall interaction experience for customers.

8. Brazil

Businesses are pushing for digital transformation in Brazil and with the ongoing development in generative AI and natural language processing, the demand for such solutions offering multi-lingual interactions and instant response has impacted chatbot adoption in businesses, institutions and at the personal level in the economy. Likewise, the high convenience and improved customer support offered by chatbots have enabled companies to exercise cost-efficiency, which has also propelled the usage frequency in Brazil.

The high market potential and improved digital infrastructure in Brazil have made major companies, namely Anthrophonic to invest in the economy. Hence, in August 2024, the company announced the availability of its chatbot “Claud” in Brazil, which is both Android and iOS compatible. The nation’s network infrastructure with internet penetration of 84% is also driving the adoption of AI chatbots.

9. Canada

The future technological goal of Canada followed by investments in cost-reduction workforce automation, is driving its AI tools accessibility. Hence, the quick response and availability offered by such tools have created a consumer shift with efforts being made to integrate them in business applications. For instance, as per the survey conducted by Statistics Canada in 2024 to understand scenario of AI-usage, it was stated that nearly 20.9% of business operating in information & cultural industries were more likely to have used AI, followed by 13.7% in scientific & technical services, and 10.9% in banking & insurance. The same source also specified that in Q2 2024, nearly 38.5% of businesses using AI provided training to staff as well as to improve the overall AI usage.

10. Singapore

Digital acceleration in Singapore has backed the country’s goal to bolster its AI tools. Moreover, the favorable government policies and initiatives, such as “National AI Strategy 2.0,” have further established a blueprint to uplift the nation’s potential in Artificial Intelligence through innovations and product capabilities.  Likewise, Artificial Intelligence start-ups such as Pand.ai, which engage in making smart chatbots, have raised to expand their operations in the economy, which has provided new growth prospects for AI-adoption at the personal and work levels.

Hydrogen Fuelling Station Market Trends & Forecast

As per Knowledge Sourcing Intelligence (KSI) latest report, the hydrogen fuelling station market is expected to grow at a CAGR of 14.62%, reaching a market size of US$2,549.399 million in 2030 from US$1,288.650 million in 2025.

The hydrogen fuelling station market is driven by increasing adoption of fuel cell electric vehicles, government initiatives, shift toward cleaner energy sources, and technological advancements. In 2024, around 125 new hydrogen refuelling stations were opened worldwide, 42 in Europe, around 30 in China, 25 in South Korea, 8 in Japan, and 13 in North America. According to the h2stations.org, around 1,160 hydrogen refuelling stations were in operation worldwide at the end of 2024, which is an increase compared to the previous year.

New countries with hydrogen refuelling stations in operation are New Zealand, Bulgaria and Slovakia. In Europe, 113 fuelling stations were in Germany, followed by France in second place with 65 refuelling stations, followed by the Netherlands with 25, and Switzerland with 19. Europe had 294 hydrogen refuelling stations. Besides, in January 2025, HRS and Enowa, the energy and water subsidiary of NEOM, installed their first hydrogen refueling station in NEOM, Saudi Arabia’s sustainable region. The partnership, announced by HRS in June 2024, aimed to develop a zero-emission public transport system.

Further, government support is boosting market growth, such as, in March 2025, as part of the National Green Hydrogen Mission, the Government initiated five pilot projects for using Hydrogen in buses and trucks. The Ministry of New and Renewable Energy sanctioned five pilot projects consisting total of 37 vehicles, including buses and trucks, and 9 hydrogen refueling stations. The vehicles that would be deployed for the trial include 15 hydrogen fuel cell-based vehicles and 22 hydrogen internal combustion engine-based vehicles. The government is supporting the commercially viable technologies for the utilization of hydrogen in the transport sector as fuel in buses and trucks, and supporting infrastructure like Hydrogen refueling stations.

Hydrogen produced from renewable energies plays a key role in achieving global climate targets. At hannover messe 2024, Bosch Rexroth presented drive systems for compressors and cryopumps developed together with manufacturers and operators from Europe and the USA for the economical operation of hydrogen filling stations with short refueling times. This new technology Bosch Rexroth is developed customized solutions for an economical hydrogen infrastructure. The aim is to refuel Heavy Goods Vehicles with 100 kg of hydrogen in less than 10 minutes.  The new technology combines servohydraulic pump drives, software, and a newly developed compression cylinder.

➥ View a sample of the report or purchase the complete study at: Hydrogen Fuelling Market Report

Hydrogen Fuelling Station Market Report Highlights

  • By type, the hydrogen fuelling station market is segmented into mobile hydrogen fuelling stations and fixed hydrogen fuelling stations. Naturgy is promoting sustainable mobility by building its first 38 hydrogen fuel stations in Spain. The total infrastructure to be developed during the second stage will come to 120 hydrogen fuel stations, distributed throughout Spanish territory in 2021.
  • By fuel type, the hydrogen fuelling station market is segmented into liquid hydrogen and gaseous hydrogen. In January 2025, HRS announced an agreement with Toyota Motor Europe and ENGIE to develop a next-generation hydrogen refueling system. This new solution, Twin Mid Flow (TMF) Technology, for faster refueling and more cost-efficient. This collaboration cements HRS’s position as the driving force in hydrogen refueling.
  • Asia Pacific will be the fastest-growing market during the forecast period, driven by huge population, growing demand for the alternative fuels, urbanisation and investment in countries like China and India.
  • North America is anticipated to see considerable growth, fueled by a continuous rise in consumer demands, technology and demand for alternative fuels.

Hydrogen Fuelling Station Market Segmentation

Knowledge Sourcing Intelligence has segmented the hydrogen fuelling station market based on type, fuel type, end user, and region:

Hydrogen Fuelling Station Market, By Type

  • Mobile Hydrogen Fuelling Stations
  • Fixed Hydrogen Fueling Stations

Hydrogen Fuelling Station Market, By Fuel Type

  • Liquid Hydrogen
  • Gaseous Hydrogen

Hydrogen Fuelling Station Market, By End User

  • Automotive
  • Energy & Power
  • Aerospace
  • Others

Hydrogen Fuelling Station Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
    • India
    • Indonesia
    • Thailand
    • Others

Hydrogen Fuelling Station Market Key Players

  • Air Liquide
  • Linde PLC
  • Air Products and Chemicals, Inc.
  • Nel ASA
  • MAXIMATOR Hydrogen GmbH
  • Hydrogen Refueling Solutions
  • McPhy Energy S.A.
  • Iwatani Corporation
  • Ingersoll Rand
  • Chart Industries

Report Coverage:

Report Metric Details
Growth Rate CAGR of 14.62%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Million
Segmentation Type, Fuel Type, End-User, Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Hydrogen Fuelling Station Market Air Liquide, Linde PLC, Air Products and Chemicals, Inc., Nel ASA, MAXIMATOR Hydrogen GmbH
Customization Scope Free report customization with purchase

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.