According to a recent report by Grand View Research Inc., the global phytosterols market is projected to reach a valuation of USD 1.81 billion by the year 2030. This growth represents a compound annual growth rate (CAGR) of 9.4% over the forecast period from 2025 to 2030. Key contributors to this significant market expansion include increasing public awareness about health and...

According to a recent report by Grand View Research, Inc., the global critical infrastructure protection market is projected to reach a value of USD 190.42 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2024 to 2030. A major trend propelling this growth is the increasing frequency and sophistication of cyber incidents...

Furniture Industry The global furniture market was valued at USD 677.09 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.9% during the period from 2023 to 2030. This anticipated growth is attributed to several key factors, including the rise in disposable incomes, expansion in both the hospitality and housing sectors, ongoing advancements in the...

Coffee Industry The global coffee market was valued at USD 223.78 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% during the period from 2024 to 2030. A major factor driving this growth is the steadily increasing demand for coffee worldwide. Coffee ranks among the most widely consumed beverages across the globe, and its popularity is rising...

eVTOL Aircraft Industry The global eVTOL (electric Vertical Takeoff and Landing) aircraft market was valued at USD 1.35 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 54.9% from 2024 to 2030. One of the key factors driving the growth of the eVTOL market is the continuous development and enhancement of battery technologies. As batteries become more...

Tequila Industry The global tequila market size was valued at USD 10.53 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030. A major growth driver is the increasing consumer demand for premium and artisanal tequila. As preferences shift from quantity to quality, a growing segment of consumers particularly younger demographics is...

Shipping Container Industry The global shipping container market was valued at USD 6.41 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 12.0% from 2020 to 2028. This high growth is largely driven by the increase in maritime shipping, which is a result of more trade agreements being formed between nations. Most shipping containers are manufactured...

Lithium Industry The global lithium market was valued at USD 31.75 billion in 2023 and is forecasted to grow at a compound annual growth rate of 17.7% between 2024 and 2030. One of the primary drivers of this growth is the increasing adoption of electric vehicles, which require substantial quantities of lithium-ion batteries. This trend is expected to significantly support market...

According to a new report published by Grand View Research, Inc., the global test benches market is projected to reach a value of USD 1.96 billion by the year 2030. This expansion is expected to occur at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2030. A key factor contributing to this growth is the rising adoption of test benches across a broad range of industrial...

The global microencapsulation market is projected to reach a valuation of USD 25.19 billion by the year 2030, growing at a compound annual growth rate (CAGR) of 10.5% from 2025 to 2030, according to a recent report released by Grand View Research, Inc. This anticipated market expansion is expected to be largely driven by the increasing demand for encapsulated ingredients such as...