In 2024 the real gross domestic product (GDP) of the United States increased by 2.8 percent compared to 2023.
What does GDP growth mean? Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022. Countries with highest GDP growth rate Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

The Gross Domestic Product (GDP) in the United States expanded 2.10 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Full Year GDP Growth in the United States decreased to 2.80 percent in 2024 from 2.90 percent in 2023. This dataset includes a chart with historical data for the United States Full Year GDP Growth.

In the first quarter of 2025, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States was the country with the most billionaires in the world in 2025. Elon Musk, with a net worth of 342 billion U.S. dollars, was among the richest people in the United States in 2025. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

Chile revises its copper price forecast to $4.28 per pound, addressing production challenges at the Collahuasi mine, while maintaining a GDP growth estimate of 2.5% for the year.

PCE Price Index Annual Change in the United States increased to 2.74 percent in August from 2.60 percent in July of 2025. This dataset includes a chart with historical data for the United States PCE Price Index Annual Change.

According to Cognitive Market Research, the global Industrial Cleaning Chemicals market size was USD 48514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 19405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 14554.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 11158.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2425.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 970.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Surfactants category is the fastest growing segment of the Industrial Cleaning Chemicals industry

Market Dynamics of Industrial Cleaning Chemicals Market

Key Drivers for Industrial Cleaning Chemicals Market

Growth in Industrialization and Manufacturing to Boost Market Growth

As industrialization continues to grow, particularly in emerging economies, the demand for industrial cleaning chemicals is increasing. Manufacturing output in Asia and Oceania grew by 4.4 percent, largely driven by production in China, which saw a 4.5 percent expansion. Industrial economies, which account for about 90 percent of global manufacturing output, experienced a rise from a modest 2.5 percent year-on-year growth in the second quarter of 2022 to a 3.6 percent increase in the third quarter. To maintain operational efficiency and meet hygiene standards, manufacturing facilities, production lines, and other industrial plants require regular cleaning. This growth across sectors such as food and beverage, pharmaceuticals, chemicals, automotive, and electronics, all of which demand specialized cleaning solutions, is further fueling the need for industrial cleaning chemicals.

Growth in the Hospitality and Foodservice Industry to Drive Market Growth

As the global food service industry expands, maintaining hygiene in restaurants, food processing units, and packaging plants has become increasingly vital. According to the National Restaurant Association (NRA), sales grew by 8.6% from 2022 to 2023, with the industry surpassing $1 trillion in sales for the first time. Sales are expected to rise by another 5.4% in 2024, reaching an estimated $1.1 trillion. Data reviewed by Escoffier from the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) shows that the food service sector accounted for 2.5% of the U.S. GDP in 2023, roughly $684 billion. This growth has driven an increased demand for industrial cleaning chemicals to ensure food safety and comply with cleanliness regulations. The food industry relies more on these chemicals to remove residues, contaminants, and allergens that could threaten food safety. Consumer awareness of foodborne illnesses and their health risks further intensifies this demand.

(Source:https://www.escoffier.edu/blog/world-food-drink/us-restaurant-foodservice-industry-statistics/)

Restraint Factor for the Industrial Cleaning Chemicals Market

Stringent Environmental Regulations Will Limit Market Growth

Increasingly stringent environmental regulations are placing limitations on the types of chemicals that can be used in industrial cleaning processes. For example, many chemicals used in industrial cleaning are harmful to the environment and human health, leading governments to impose stricter controls on the production, sale, and disposal of these chemicals. Regulations such as the REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) in the European Union and EPA guidelines in the U.S. often restrict the use of certain hazardous chemicals like phosphates, chlorine, and surfactants. Many cleaning chemicals, especially those used in industrial applications, generate hazardous waste. Safe disposal of these chemicals or their residues can be expensive and may require specialized processes, which...

According to Cognitive Market Research, the global Potato Flakes market size will be USD 8124.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 3006.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2356.1 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 1949.9 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 308.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 324.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 178.75 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Organic category is the fastest growing segment of the Potato Flakes industry

Market Dynamics of Potato Flakes Market

Key Drivers for Potato Flakes Market

Increase in Fast Food and Snack Consumption to Boost Market Growth

The global fast food industry is a major consumer of potato-based products, including potato flakes, which are used in the production of items like French fries, hash browns, and potato chips, all of which are staples in the fast food sector. According to the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA), the foodservice industry contributed approximately $684 billion to the U.S. GDP in 2023, accounting for about 2.5%. In the same year, the number of fast-food restaurants in the United States increased by 0.8%, reaching a total of 200,859. Furthermore, the 2024 State of the Industry Report by SNAC International reveals that 55% of Millennials and Gen Z consider themselves savvy snackers, often combining their favorite pantry snacks into meals, a trend that has increased by 35% in recent years. More than half of consumers use both sweet and savory snacks as key ingredients in no-prep dinners at least once a week, with over a third incorporating snacks multiple times a week. The rising demand for potato-based snacks, such as chips and crisps, is further driving the market for potato flakes, as they are a crucial ingredient in the production of these popular snacks.

https://snacintl.org/snacking-closeup-2024-state-of-the-industry-report//./

Rising Popularity of Organic and Clean Label Products

Consumers today are increasingly focused on the ingredients in their food, with clean-label products, which contain minimal and recognizable ingredients, becoming more popular. Organic farming is practiced in 188 countries, with over 96 million hectares of agricultural land managed organically by at least 4.5 million farmers. In 2022, global sales of organic food and beverages reached nearly 135 billion euros. The largest organic markets in 2023 were the United States (59 billion euros), Germany (16 billion euros), and China (12.6 billion euros). The U.S. remains the largest single market, accounting for 43.2% of the global market, followed by the European Union (34.1%) and China (9.3%). Potato flakes can meet the demand for clean-label products by offering options with fewer additives and preservatives. Manufacturers offering organic potato flakes, free from artificial chemicals or pesticides, can appeal to health-conscious consumers seeking natural, clean food choices. The growing demand for organic and non-GMO products presents a significant opportunity for the potato flakes market, as consumers are increasingly willing to pay a premium for certified organic products.

https://www.fibl.org/fileadmin/documents/shop/1797-organic-world-2025.pdf./

Restraint Factor for the Potato Flakes Market

Volatility in Raw Material Prices, Will Limit Market Growth

The price of potatoes, the main raw material for producing potato flakes, can be highly unpredictable. Factors like weather conditions, crop diseases, and supply chain disrupti...