In 2023, it is estimated that the BRICS countries have a combined population of 3.25 billion people, which is over 40 percent of the world population. The majority of these people live in either China or India, which have a population of more than 1.4 billion people each, while the other three countries have a combined population of just under 420 million. Comparisons Although the BRICS countries are considered the five foremost emerging economies, they are all at various stages of the demographic transition and have different levels of population development. For all of modern history, China has had the world's largest population, but rapidly dropping fertility and birth rates in recent decades mean that its population growth has slowed. In contrast, India's population growth remains much higher, and it is expected to overtake China in the next few years to become the world's most populous country. The fastest growing population in the BRICS bloc, however, is that of South Africa, which is at the earliest stage of demographic development. Russia, is the only BRICS country whose population is currently in decline, and it has been experiencing a consistent natural decline for most of the past three decades. Growing populations = growing opportunities Between 2000 and 2026, the populations of the BRICS countries is expected to grow by 625 million people, and the majority of this will be in India and China. As the economies of these two countries grow, so too do living standards and disposable income; this has resulted in the world's two most populous countries emerging as two of the most profitable markets in the world. China, sometimes called the "world's factory" has seen a rapid growth in its middle class, increased potential of its low-tier market, and its manufacturing sector is now transitioning to the production of more technologically advanced and high-end goods to meet its domestic demand.

By 2030, the middle-class population in Asia-Pacific is expected to increase from 1.38 billion people in 2015 to 3.49 billion people. In comparison, the middle-class population of sub-Saharan Africa is expected to increase from 114 million in 2015 to 212 million in 2030.

Worldwide wealth

While the middle-class has been on the rise, there is still a huge disparity in global wealth and income. The United States had the highest number of individuals belonging to the top one percent of wealth holders, and the value of global wealth is only expected to increase over the coming years. Around 57 percent of the world’s population had assets valued at less than 10,000 U.S. dollars; while less than one percent had assets of more than million U.S. dollars. Asia had the highest percentage of investable assets in the world in 2018, whereas Oceania had the highest percent of non-investable assets.

The middle-class

The middle class is the group of people whose income falls in the middle of the scale. China accounted for over half of the global population for middle-class wealth in 2017. In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth to the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle-class.

In 2024, the real gross domestic product (GDP) in Vietnam grew by approximately **** percent, marking the highest growth rate in Southeast Asia. In comparison, Myanmar's real GDP growth rate dropped by **** percent. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises ** countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

The Country Economic Memorandum (CEM) focuses on long-term growth, outlining the challenges Papua New Guinea (PNG) faces to achieve sufficient economic growth to expand the incomes of its rapidly growing population as well as what is required for PNG to make the transition to a higher, more stable, and more inclusive growth path. PNG’s modest headline economic growth has translated into limited per capita income growth in the past four decades. While the economy expanded by 3.2 percent on average during 1980-2021, per capita gross domestic product (GDP) recorded an average annual growth rate of only 0.9 percent. Moreover, the gap between PNG’s per capita income level and those of its peer countries has widened. Despite being at a similar level of development in the 1970s and having enormous natural wealth, PNG’s income level is diverging away from the East Asia and Pacific (EAP) region. This calls for a renewed policy focus on boosting economic growth, by addressing PNG’s excessive macroeconomic volatility, low productivity growth, and high reliance on natural capital as opposed to human and physical capital.

Digital Money Transfer Market Outlook

The global digital money transfer market size was valued at USD 8.7 billion in 2023 and is projected to reach USD 25.4 billion by 2032, growing at a CAGR of 12.5% from 2024 to 2032. This significant growth is driven by the increasing penetration of smartphones, expanding internet connectivity, and the rising demand for convenient and fast money transfer solutions. Additionally, burgeoning e-commerce activities and the proliferation of digital payment platforms further bolster the market growth.

One of the primary growth factors for the digital money transfer market is the increasing adoption of digital payment modes facilitated by the widespread use of mobile devices. Smartphones have revolutionized the way people conduct financial transactions, with mobile wallets and banking apps enabling users to transfer funds effortlessly. This convenience and accessibility have spurred the demand for digital money transfers, particularly in emerging economies where traditional banking infrastructure may be limited.

Another notable driver is the growing remittance flows to low- and middle-income countries. Migrant workers and expatriates are increasingly relying on digital money transfer services to send money back home to their families. Digital platforms offer lower transaction fees, faster processing times, and enhanced security compared to traditional remittance services. Governments and financial institutions are also supporting this trend by implementing policies and partnerships that promote the use of digital remittances.

The increasing focus on financial inclusion is also contributing to market growth. Many governments and NGOs are working towards integrating unbanked and underbanked populations into the formal financial system. Digital money transfer services play a pivotal role in this effort by providing accessible and affordable financial solutions. The implementation of regulatory frameworks and infrastructure improvements to support digital payments is further fueling market expansion.

The emergence of Cryptocurrency Remittance Software is revolutionizing the way international money transfers are conducted. This innovative software leverages blockchain technology to facilitate secure, fast, and cost-effective cross-border transactions. Unlike traditional remittance methods, cryptocurrency-based solutions eliminate the need for intermediaries, significantly reducing transaction fees and processing times. This is particularly beneficial for individuals and businesses in regions with limited access to traditional banking services. As more people become aware of the benefits of cryptocurrency remittances, the demand for such software is expected to rise, further driving the growth of the digital money transfer market.

Regionally, Asia Pacific is expected to dominate the digital money transfer market owing to its large population, rapid economic growth, and high smartphone penetration. Countries like China, India, and Southeast Asian nations are experiencing a surge in digital financial services adoption. North America and Europe are also significant contributors to the market, driven by advanced technological infrastructure and high consumer awareness. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth fueled by increasing remittance inflows and digital payment initiatives.

Type Analysis

The digital money transfer market can be segmented into domestic and international transfers. Domestic transfers involve sending money within the same country, while international transfers involve cross-border transactions. Domestic digital money transfers have gained substantial traction due to the convenience and speed offered by digital platforms. With the rise of peer-to-peer (P2P) payment apps, consumers can transfer funds quickly and securely within their country. These platforms often provide additional services such as bill payments and mobile recharges, enhancing their appeal.

International digital money transfers, on the other hand, are primarily driven by the need for remittances. Migrants working in foreign countries send money to support their families back home. Digital platforms have revolutionized this process by offering lower fees, faster transaction times, and improved transparency compared to traditional methods. The ability to track transfers and receive instant notifications has further boosted consumer con

Market Overview:

The global Ditch Cleaner market is projected to grow at a CAGR of 5.5% from 2022 to 2030. The market growth is attributed to the increasing demand for food due to the growing population and rising income levels in developing countries. Additionally, the increasing adoption of mechanized farming practices is also propelling the demand for Ditch Cleaners globally. The single-wheel ditch cleaner segment is projected to grow at a higher CAGR than the double-wheel ditch cleaner segment during the forecast period. This can be attributed to its low cost and easy maneuverability across narrow ditches and furrows. The vegetable segment accounted for the majority of the global ditch cleaner market in 2017, owing to its high adoption rates in developed countries such as Europe and North America.

Product Definition:

Ditch Cleaner is a device that is used to clean out ditches, drains, and other drainage systems. It consists of a motorized auger that is attached to a long handle with a brush attached to the end. The motorized auger is used to break up blockages and the brush is used to remove debris and sludge that might have built up in the ditch.

Single-wheel Ditch Cleaner:

Single-wheel ditch cleaner is a small device used to remove mud and debris from the drainage system. It consists of an auger, which is used to clear the blockage in the system. The single wheel on its body rotates clockwise and anti-clockwise by using a string attached to it.

Double-wheel Ditch Cleaner:

Double wheel ditch cleaner is a device, which is used to remove debris from ditches and channels. It consists of two rollers with wheels at the bottom, which helps in the easy cleaning of the channel or drain. The product also has a brush attached to its body for better cleaning. Additionally, it has an adjustable handle so that users can easily clean drainage systems having different diameters.

Application Insights:

The vegetable application segment led the global ditch cleaner market in 2014 and is projected to witness significant growth over the forecast period. This can be attributed to the increasing urban population coupled with rising disposable income in developing countries. Tobacco is one of the major crops grown in various regions of the world. The growing trend towards smoking less tobacco has resulted in a decline in demand for farm labor-intensive methods such as row cultivation and increased use of machinery on tobacco farms which has further reduced labor costs on an average per acre basis. As a result, farmers have shifted from the traditional method of crop production where people work intensively throughout the year to adopt modern techniques that reduce input costs while maintaining or even improving yield over time.

Regional Analysis:

Asia Pacific is anticipated to be the largest and fastest-growing regional market over the forecast period. The region accounted for a revenue share of more than 35% in 2021 and is projected to witness significant growth from 2022 to 2030. This can be attributed to increasing awareness regarding ditch cleaning machines among farmers, availability of cheap labor, improving economic conditions, and government initiatives promoting agricultural activities in developing countries such as India and China.

Growth Factors:

• Increasing demand from municipal and industrial sectors for efficient ditch cleaning services.
• Growing awareness about the benefits of using ditch cleaners among end-users is likely to boost the adoption of these machines in the near future.
• Rising investments by key players in research and development activities to develop advanced and innovative ditch cleaners.

Report Scope

Market Overview:

The global luxury cigarette sales market is expected to grow at a CAGR of 3.5% from 2022 to 2030. The market growth can be attributed to the increasing demand for high-end cigarettes, especially from the male smoker segment. Additionally, the growing awareness about the health hazards associated with smoking is also expected to fuel the demand for luxury cigarettes in the coming years. Regionally, North America is anticipated to lead the global luxury cigarette sales market during the forecast period owing to high disposable income and rising consumer preference for premium products. The Asia Pacific is projected to be one of the fastest-growing markets due to the rising population and increasing purchasing power of consumers in countries such as China and India.

Product Definition:

Luxury cigarettes are those that are more expensive than regular cigarettes. They may have a different flavor, be made with different tobacco, or come in a special package. Some people use them to show their wealth or to show off their taste in smoking.

Low Tar:

Low tar is a type of tobacco that has been processed to remove the majority of the nicotine and most of the toxic compounds found in traditional cigarettes. The result, according to studies, is that smokers who switch from high-tar to low-tar cigarettes generally end up taking up smoking more than before. They may also be called Light Cigarettes, low-tar cigarettes, or reduced-tar cigarettes.

High Tar:

High tar is a type of tobacco that has more nicotine than normal tobacco. The level of tar in high tar cigarettes is higher than in other types of cigarettes. This increases the addiction and makes it difficult to quit smoking, thus making it more popular among smokers who want to quit. High Tar Cigarettes are usually stronger and have a better flavor, which makes them very popular among adult smokers who smoke for recreation or as an alternative to another cigarette.

Luxury Tobacco Packaging plays a crucial role in the perception and appeal of high-end cigarettes. The packaging not only serves as a protective layer but also as a statement of elegance and sophistication. Companies are investing in innovative designs and materials to enhance the visual and tactile experience of their products. This trend is particularly evident in markets where consumer preferences are shifting towards premium and exclusive products. The use of metallic finishes, embossed logos, and intricate designs are some of the features that distinguish luxury tobacco packaging from standard options. As consumers increasingly associate packaging with quality, the demand for luxury tobacco packaging is expected to rise, further driving the market for premium cigarettes.

Application Insights:

Male smokers held the largest share of over 70.0% in 2019. Luxury cigarette brands are gaining popularity among male smokers as these cigarettes offer a premium smoking experience with enhanced nicotine delivery and flavorings. The growing preference for flavored e-cigarettes is also driving the demand from this segment. For instance, blu e-cig has introduced several new flavors such as chocolate mint, vanilla cream, and strawberry rhubarb to its product portfolio since 2017 which has increased its market share among male consumers significantly.

The female smoker segment is expected to grow at a CAGR of XX% from 2022 to 2030 owing to increasing awareness about health hazards associated with secondhand tobacco smoke and rising purchasing power in developing countries like India & China where female smoking rates are high compared to developed countries like U.S., U K., Germany, etc.

Regional Analysis:

North America accounted for more than 20% of the total market share in 2019 owing to the growing popularity of Low Tar Cigarettes among consumers from the U.S., Canada, and Mexico who are increasingly becoming aware of health risks associated with regular smoking of conventional brands High Tar Cigarettes.

The Asia Pacific dominated the global luxury cigarette market in terms of revenue share in 2019. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing per capita income, rising middle-class population, and changing consumer preferences towards luxury products among high-net-worth individuals from emerging economies such as China and India. Moreover, countries such as Japan are anticipated to witness a significant boost in sales owing to increased demand

Nigeria is the African country with the largest population, counting over 230 million people. As of 2024, the largest city in Nigeria was Lagos, which is also the largest city in sub-Saharan Africa in terms of population size. The city counts more than nine million inhabitants, whereas Kano, the second most populous city, registers around 3.6 million inhabitants. Lagos is the main financial, cultural, and educational center in the country. Where Africa’s urban population is booming The metropolitan area of Lagos is also among the largest urban agglomerations in the world. Besides Lagos, another most populated citiy in Africa is Cairo, in Egypt. However, Africa’s urban population is booming in other relatively smaller cities. For instance, the population of Bujumbura, in Burundi, could grow by 123 percent between 2020 and 2035, making it the fastest growing city in Africa and likely in the world. Similarly, Zinder, in Niger, could reach over one million inhabitants by 2035, the second fastest growing city. Demographic urban shift More than half of the world’s population lives in urban areas. In the next decades, this will increase, especially in Africa and Asia. In 2020, over 80 percent of the population in Northern America was living in urban areas, the highest share in the world. In Africa, the degree of urbanization was about 40 percent, the lowest among all continents. Meeting the needs of a fast-growing population can be a challenge, especially in low-income countries. Therefore, there will be a growing necessity to implement policies to sustainably improve people’s lives in rural and urban areas.

Market Overview:

The Global High-Pressure Washers Market is expected to be at a CAGR of 4.5% from 2022 to 2030. The growth of the market can be attributed to the increasing demand for high-pressure washers in commercial and residential applications across the globe.

Product Definition:

A high-pressure washer is a device that uses water pressure to clean surfaces. The water is forced out of the nozzle at high speeds, removing dirt, grime, and other debris. High-pressure washers are often used to clean cars, trucks, boats, decks, and patios.

Hot Water:

Hot water is used in high-pressure washers to provide the necessary heat for effective cleaning. High-pressure washers are primarily used for industrial and commercial applications, where a high cleaning speed is required. Hot water provides an advantage over cold water in that it can be used at any temperature without affecting the efficiency of the system.

Cold Water:

Cold water and its usage in the high-pressure washers market are expected to witness significant growth over the forecast period. The growth of this market can be attributed to several factors such as increasing awareness regarding energy conservation, rising demand for green products, and government initiatives toward wastewater treatment. High-pressure washing uses a large volume of water which results in reduced power consumption by an average of 30% when compared with normal pressure washers.

Application Insights:

Residential use washers are expected to witness the fastest growth over the forecast period owing to increasing disposable income and rising population. Commercial use accounted for more than half of global high-pressure washer market revenue. The commercial sector includes hotels, restaurants, and other public washrooms/changing rooms as well as industrial or automotive facilities such as carwashes, where people usually leave behind dirt and grime on various surfaces including walls, floors & ceilings along with hard water stains from windshields, etc. The cleaning of these areas is a tedious task that requires a lot of water but very little effort since there's not much soil involved in comparison with residential uses.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional segment over the forecast period. The region's growth can be attributed to increasing awareness regarding high-pressure washers and their benefits, coupled with the growing disposable income of consumers in developing countries such as China and India. Europe also captured a significant market share owing to high demand for premium quality products from several key countries including Germany, the U.K., Italy, and Spain among others. North America is projected to grow at a CAGR of 4.5% during the forecast period due to increasing consumer preference towards eco-friendly products along with rising concerns regarding indoor air pollution caused by using outdoor machines.

Growth Factors:

• Increasing demand for high-pressure washers from the automotive and transportation industry for cleaning and degreasing purposes.
• The growing popularity of eco-friendly high-pressure washers that use less water and detergent results in lower environmental impact.
• Increasing demand for high-pressure washers in the construction industry to clean surfaces such as concrete, asphalt, and bricks before painting or sealing them.
• A rising number of end-use applications for which high-pressure washers can be used include residential cleaning, food service establishments, agricultural operations, etc.

Report Scope

According to Cognitive Market Research, the global Insulin market size will be USD 21640 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.20% from 2025 to 2033.

North America held the major market share of 37% of the global revenue with a market size of USD 8006.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2025 to 2033.
Europe accounted for a market share of 29% of the global revenue with a market size of USD 6275.60 million.
APAC held the market share of around 24% of the global revenue with a market size of USD 5193.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2025 to 2033.
South America has a market share of 4% of the global revenue with a market size of USD 822.32 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Middle East had a market share of 4% of the global revenue and was estimated at a market size of USD 865.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2033.
Africa had a market share of 2.20% of the global revenue and was estimated at a market size of USD 476.08 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.
Rapid-acting insulin category is the fastest growing Derivative segment of the Insulin industry

Market Dynamics of Insulin Market

Key Drivers for Insulin Market

Increasing prevalence of diabetes globally

The rising global incidence of diabetes, particularly type 2 diabetes, is one of the key drivers for the insulin market. The World Health Organization (WHO) reports that the global number of people living with diabetes has surged from 200 million in 1990 to 830 million in 2022, with faster growth seen in low- and middle-income countries compared to high-income nations. Despite this rise, over half of individuals with diabetes did not take medication for their condition in 2022. This is attributed to lifestyle changes, sedentary behavior, and poor dietary habits. This increase in diabetes cases directly boosts the demand for insulin, a primary treatment option for both type 1 and type 2 diabetes patients. With the growing burden of diabetes, healthcare systems worldwide are placing more emphasis on insulin therapy, further driving the market expansion as more patients seek effective treatments for managing blood glucose levels.

https://www.who.int/news-room/fact-sheets/detail/diabetes`

Rising geriatric population prone to diabetes

As the global population ages, the incidence of diabetes, particularly type 2 diabetes, is expected to rise. Older adults are more susceptible to developing diabetes due to factors such as reduced physical activity, age-related insulin resistance, and metabolic changes. According to the World Health Organization, the global aging population is growing rapidly, with the number of people aged 60 and older expected to double by 2050, reaching 2.1 billion people. This demographic shift is a significant driver for the insulin market, as the elderly often require ongoing insulin therapy for managing their diabetes. With an increasing geriatric population in developed and developing countries, there is a growing demand for insulin products tailored to meet the needs of this age group, further fueling market growth.

https://www.who.int/news-room/fact-sheets/detail/ageing-and-health

Restraint Factor for the Insulin Market

High cost of insulin production

The cost of insulin production remains one of the major challenges facing the insulin market. The manufacturing process of insulin, particularly biosynthetic insulin, requires specialized technology and significant investment. These high production costs result in elevated prices for insulin, limiting its accessibility in low-income regions and among uninsured populations. Even though generic and biosimilar insulin options are available, the high cost of branded insulin continues to restrict market growth. As insulin prices rise, governments and healthcare systems are under increasing pressure to find ways to subsidize costs and ensure equitable access for all diabetes patients.

Market Trends in Insulin Market

Rising demand for biosimilar insulin products

Biosimilar insulin products are gaining significant traction due to their cost-effectiveness and growing acceptance within healthcare systems. As patents for seve...

According to Cognitive Market Research, the global Diabetes Injection Pens Market size will be USD 8951.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2025 to 2033.

North America held the major market share for more than 37 of the global revenue with a market size of USD 3312.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue, with a market size of USD 2596.02 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 2348.43 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue, with a market size of USD 340.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 358.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 196.94 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033.
Insulin Pens category is the fastest growing segment of the Diabetes Injection Pens Market

Market Dynamics of Diabetes Injection Pens Market

Key Drivers for Diabetes Injection Pens Market

Rising Global Diabetes Prevalence to Boost Market Growth

In recent years, the rising global incidence of diabetes has heavily contributed to the need for diabetes injection pens. Based on the World Health Organization (WHO), nearly 830 million individuals globally have diabetes, with most being in low- and middle-income nations. Most concerning is the fact that over half of them are not on treatment. This highlights the dire need for cost-effective and efficient diabetes care solutions. The gradual increase in the number of both diabetic and undiagnosed individuals over the last decades emphasizes the gravity of the problem to be addressed. For this reason, there is growing dependence on effective insulin delivery mechanisms like diabetes injection pens to control the illness successfully. These products provide a simple and accurate way of administering insulin, meeting the increased worldwide demand fueled by the rising incidence of diabetes.

Growing Patient Preference for Self-Management To Boost Market Growth

Growing patient interest in insulin pens for self-injection compared to the traditional syringe is a major factor driving the demand for diabetes injection pens. Diabetes Self-Management Education and Support (DSMES) services, as stated by the Centers for Disease Control and Prevention (CDC), aim to empower individuals with diabetes to have the knowledge and skills necessary to take appropriate control of their condition, including how to use insulin delivery devices. These services highlight the significance of self-management behaviors like healthy eating, physical activity, medication adherence as prescribed, blood sugar monitoring, risk reduction, healthy coping, and problem-solving. By improving patients' capacity to manage their condition well, DSMES helps to achieve better health outcomes and quality of life. The CDC's endorsement of DSMES reflects the importance of enabling people with diabetes to become active participants in their care. This is consistent with the increasing popularity of convenient and easy-to-use insulin delivery systems such as injection pens.

Restraint Factor for the Diabetes Injection Pens Market

High Costs of Insulin Pens in Low-Income Regions Will Limit Market Growth

The exorbitant price of insulin pens is a major impediment to their uptake in low- and middle-income countries. In a study by Médecins Sans Frontières (MSF), a prefilled human insulin pen would be available for sale at a profit as low as $0.94, but it costs $5.77 in India and $90.69 in the United States. This hefty markup renders insulin pens out of reach for much of the population in lower-income countries, even though they offer greater precision and convenience than regular syringes. The World Health Organization has pointed out that the worldwide market is largely dominated by a limited number of multinational corporations...

This collection contains two datasets: one, data used in TI-City model to predict future urban expansion in Accra, Ghana; and two, residential electricity consumption data used to map intra-urban living standards in Karachi, Pakistan. The TI-City model data are ASCII files of infrastructure and amenities that affect location decisions of households and developers. The residential electricity consumption data consist of average kilowatt hours (kw/h) of electricity consumed per month by ~ 2 million households in Karachi. The electricity consumption data is aggregated into 30m grid cells (count = 193050), with centroids and consumption values provided. The values of the points (centroids), captured under the field "Avg_Avg_Cs", represents the median of average monthly consumption of households within the 30m grid cells.

Our project addresses a critical gap in social research methodology that has important implications for combating urban poverty and promoting sustainable development in low and middle-income countries. Simply put, we're creating a low-cost tool for gathering critical information about urban population dynamics in cities experiencing rapid spatial-demographic and socioeconomic change. Such information is vital to the success of urban planning and development initiatives, as well as disaster relief efforts. By improving the information base of the actors involved in such activities we aim to improve the lives of urban dwellers across the developing world, particularly the poorest and most vulnerable. The key output for the project will be a freely available 'City Sampling Toolkit' that provides detailed instructions and opensource software tools for replicating the approach at various spatial scales.

Our research is motivated by the growing recognition that cities are critical arenas for action in global efforts to tackle poverty and transition towards more environmentally sustainable economic growth. Between now and 2050 the global urban population is projected to grow by over 2 billion, with the overwhelming majority of this growth taking place in low and middle-income countries in Africa and Asia. Developing evidence-based policies for managing this growth is an urgent task. As UN Secretary General Ban Ki Moon has observed: "Cities are increasingly the home of humanity. They are central to climate action, global prosperity, peace and human rights...To transform our world, we must transform its cities."

Unfortunately, even basic data about urban populations are lacking in many of the fastest growing cities of the world. Existing methods for gathering vital information, including censuses and sample surveys, have critical limitations in urban areas experiencing rapid change. And 'big data' approaches are not an adequate substitute for representative population data when it comes to urban planning and policymaking. We will overcome these limitations through a combination of conceptual innovation and creative integration of novel tools and techniques that have been developed for sampling, surveying and estimating the characteristics of populations that are difficult to enumerate. This, in turn, will help us capture the large (and sometimes uniquely vulnerable) 'hidden populations' in cities missed by traditional approaches.

By using freely available satellite imagery, we can get an idea of the current shape of a rapidly changing city and create a 'sampling frame' from which we then identify respondents for our survey. Importantly, and in contrast with previous approaches, we aren't simply going to count official city residents. We are interested in understanding the characteristics of the actually present population, including recent migrants, temporary residents, and those living in informal or illegal settlements, who are often not considered formal residents in official enumeration exercises. In other words, our 'inclusion criterion' for the survey exercise is presence not residence. By adopting this approach, we hope to capture a more accurate picture of city populations. We will also limit the length of our survey questionnaire to maximise responses and then use novel statistical techniques to reconstruct a rich statistical portrait that reflects a wide range of demographic and socioeconomic information.

We will pilot our methodology in a city in Pakistan, which recently completed a national census exercise that has generated some controversy with regard to the accuracy of urban population counts. To our knowledge this would be the first project ever to pilot and validate a new sampling and survey methodology at the city scale in a developing country.

Market Overview:

The Global Multi Spindle Milkshake Machine Market is projected to grow at a CAGR of 9.6% during the forecast period and reach a market value of USD xx million by 2028. The market growth is attributed to the increasing demand for milkshakes in the food and beverage industry, commercial applications, and others. The dual-shaft type segment is projected to hold the largest share in the global multi-spindle milkshake machine market during the forecast period. However, the multiple shaft type segment is projected to grow at a higher CAGR owing to its advantages over dual-shaft type machines such as high production capacity and low power consumption. Among applications, the food and beverage segment accounted for the majority of the share in 2018 due to the rising demand for milkshakes across various regions.

Product Definition:

A multi-spindle milkshake machine is a piece of equipment used to make milkshakes. The machine has multiple spindles, or metal rods, that rotate and blend the ingredients together. This type of machine is important for commercial kitchens because it can produce large quantities of milkshakes quickly and easily.

Dual Shaft:

The dual-shaft milkshake machine is a high-performance food processing equipment that consists of two independent shafts, which are used to process different sets of ingredients at the same time. The dual-shaft system offers increased throughput and reduces labor costs by 50%.

Multiple Shaft:

Multiple shafts and their usage in multi-spindle Milkshake Machines is a kind of drive system which consists of more than one power source to provide multiple operations at the same time. It helps to perform several tasks simultaneously by using different kinds of speeds for each spindle. The multiple shaft systems are used in various types of milkshakes such as coffee, tea, and other drinks preparation.

Application Insights:

The food and beverage application segment led the global market in terms of revenue share in 2017. The high demand can be attributed to the growing population, rising disposable income, changing lifestyles along with increasing consumption of milkshakes and other Frozen Drinks. Moreover, easy access to loans has been encouraging businesses to set up shops at affordable costs which are further driving the growth.

The commercial application includes restaurants, hotels, and similar eating places that serve mostly quick-service meals but also include sit-down restaurants and casual dining places. Commercial applications are expected to witness significant growth over the forecast period due largely to a rise in construction spending for new buildings as well as remodeling/rebuilding of old buildings, especially across developing countries such as India China, etc., where labor is relatively cheaper than developed countries like the U.S.

Regional Analysis:

North America dominated the global market in terms of revenue share in 2019. The region is expected to witness a significant CAGR over the forecast period owing to increasing demand for milkshake machines from fast food outlets and restaurants as well as cafes. Furthermore, rising demand for frozen drinks such as blended coffee, blended tea, smoothies, and milkshakes is also driving the regional market growth.

The Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid urbanization coupled with a growing population and consumer disposable income levels in emerging countries such as China and India. Moreover, increasing investments by international companies are also expected to drive product sales over the next eight years across this region due to the rising popularity of these products among consumers at large.

Growth Factors:

• Increasing demand for milkshakes and smoothies in the food service industry.
• The growing popularity of milkshake machines as a convenient way to make smoothies and shakes at home.
• Rising disposable income levels of consumers in developing countries.
• The proliferation of fast-food chains and restaurants that serve milkshakes and smoothies as menu items.

Report Scope

As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

According to Cognitive Market Research, the global Compound Feed Ingredient market size will be USD 558154.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% 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 223261.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 167446.3 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 128375.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 27907.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% 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 11163.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Cereals category is the fastest-growing segment of the Compound Feed Ingredient industry

Market Dynamics of Compound Feed Ingredient Market

Key Drivers for Compound Feed Ingredient Market

Rising Demand for Animal-Based Products to Boost Market Growth

The growing global population and rising disposable incomes, especially in developing economies, have led to a significant increase in demand for meat, dairy, and other animal-based products. Over the past 30 years, meat production has more than doubled from 1988 to 2018, and it has quadrupled since the mid-1960s. This trend is expected to continue, with global meat consumption projected to reach between 460 million and 570 million tons by 2050—representing a consumption level twice as high as in 2008. Additionally, per capita dairy consumption is expected to grow at an annual rate of 0.4% in high-income countries, reaching 21.9 kg (milk solids equivalent) by 2031, while growth rates of 2.0% and 1.5% are anticipated in low-middle income and low-income countries, respectively. This surge in meat and dairy consumption directly boosts the demand for compound feed ingredients, which are crucial for producing high-quality livestock products. As more people adopt protein-rich diets, particularly in regions like Asia-Pacific, the need for efficient and optimized feed formulations to meet livestock nutritional requirements grows, leading to an increased demand for quality feed ingredients.

Growth of the Aquaculture Industry to Drive Market Growth

As the global population expands and the demand for seafood rises, there is increasing pressure on aquaculture production to meet these needs. According to the 2024 edition of The State of World Fisheries and Aquaculture (SOFIA), global fisheries and aquaculture production reached 223.2 million tonnes in 2022, marking a 4.4% increase from 2020. This production included 185.4 million tonnes of aquatic animals and 37.8 million tonnes of algae. For the first time in history, aquaculture surpassed capture fisheries as the leading source of aquatic animal production, with global aquaculture production reaching a record 130.9 million tonnes, including 94.4 million tonnes of aquatic animals—51% of the total aquatic animal production. Compound feed ingredients are crucial for the nutrition of farmed fish and other aquatic species, driving the demand for high-quality, specialized feed that meets the nutritional needs of these animals. As the aquaculture industry increasingly focuses on sustainability, there is a growing shift toward more efficient and eco-friendly feed formulations. This includes the adoption of alternative feed ingredients that reduce dependence on wild-caught fish, enhancing the sustainability of aquaculture practices.

Restraint Factor for the Compound Feed Ingredient Market

Fluctuating Raw Material Prices and Rising Competition from Plant-Based and Alternative Proteins Will Limit Market Growth

The cost of raw materials such as grains (corn, wheat, etc.), oilseeds, and other ingredients used in compound feed is highly volatile and subject to fluctuations due to factors like weather conditions, geopolitical instability, and market demand. These price fluctuations can lead to unpredictable feed ingredient costs, putt...

In 2024, the average annual per capita disposable income of rural households in China was approximately ****** yuan, roughly ** percent of the income of urban households. Although living standards in China’s rural areas have improved significantly over the past 20 years, the income gap between rural and urban households is still large. Income increase of China’s households From 2000 to 2020, disposable income per capita in China increased by around *** percent. The fast-growing economy has inevitably led to the rapid income increase. Furthermore, inflation has been maintained at a lower rate in recent years compared to other countries. While the number of millionaires in China has increased, many of its population are still living in humble conditions. Consequently, the significant wealth gap between China’s rich and poor has become a social problem across the country. However, in recent years rural areas have been catching up and disposable income has been growing faster than in the cities. This development is also reflected in the Gini coefficient for China, which has decreased since 2008. Urbanization in China The urban population in China surpassed its rural population for the first time in 2011. In fact, the share of the population residing in urban areas is continuing to increase. This is not surprising considering remote, rural areas are among the poorest areas in China. Currently, poverty alleviation has been prioritized by the Chinese government. The measures that the government has taken are related to relocation and job placement. With the transformation and expansion of cities to accommodate the influx of city dwellers, neighboring rural areas are required for the development of infrastructure. Accordingly, land acquisition by the government has resulted in monetary gain by some rural households.

As of February 2025, 5.56 billion individuals worldwide were internet users, which amounted to 67.9 percent of the global population. Of this total, 5.24 billion, or 63.9 percent of the world's population, were social media users. Global internet usage Connecting billions of people worldwide, the internet is a core pillar of the modern information society. Northern Europe ranked first among worldwide regions by the share of the population using the internet in 20254. In The Netherlands, Norway and Saudi Arabia, 99 percent of the population used the internet as of February 2025. North Korea was at the opposite end of the spectrum, with virtually no internet usage penetration among the general population, ranking last worldwide. Eastern Asia was home to the largest number of online users worldwide – over 1.34 billion at the latest count. Southern Asia ranked second, with around 1.2 billion internet users. China, India, and the United States rank ahead of other countries worldwide by the number of internet users. Worldwide internet user demographics As of 2024, the share of female internet users worldwide was 65 percent, five percent less than that of men. Gender disparity in internet usage was bigger in African countries, with around a ten percent difference. Worldwide regions, like the Commonwealth of Independent States and Europe, showed a smaller usage gap between these two genders. As of 2024, global internet usage was higher among individuals between 15 and 24 years old across all regions, with young people in Europe representing the most significant usage penetration, 98 percent. In comparison, the worldwide average for the age group 15–24 years was 79 percent. The income level of the countries was also an essential factor for internet access, as 93 percent of the population of the countries with high income reportedly used the internet, as opposed to only 27 percent of the low-income markets.

Single-family Detached Home Business Market Outlook

The global single-family detached home business market size is estimated to be valued at approximately USD 4.2 trillion in 2023 and is projected to reach USD 6.3 trillion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of this market is driven by a combination of factors including urbanization, increasing disposable incomes, and a growing preference for single-family living among the global population.

One of the primary growth factors for the single-family detached home market is urbanization. As cities expand and more people migrate to urban areas in search of better opportunities, the demand for housing, particularly single-family homes, has surged. This trend is particularly noticeable in developing countries where rapid urbanization is accompanied by increased economic activity, leading to a rise in disposable incomes and a higher standard of living. Consequently, individuals and families are aspiring to own single-family detached homes, which offer more space, privacy, and comfort compared to multi-family units.

Another significant driver is the increase in disposable incomes and economic growth across various regions. As economies grow, the purchasing power of individuals increases, allowing more people to invest in single-family homes. This trend is not limited to developed countries; emerging economies are also experiencing a similar pattern. The rise in middle-class populations in countries like China, India, and Brazil has led to increased investments in real estate, fueling the demand for single-family homes.

The growing preference for single-family living is another major factor contributing to the market's growth. In the wake of the COVID-19 pandemic, there has been a noticeable shift in lifestyle preferences, with many individuals prioritizing space and privacy. Single-family detached homes provide an ideal solution as they offer more living space, outdoor areas, and a sense of independence. This shift is expected to have a long-term impact on the real estate market, driving sustained demand for single-family homes.

Regional outlook for the single-family detached home market shows significant variations across different parts of the world. North America remains one of the largest markets due to its established real estate sector and high demand for single-family living. The Asia Pacific region is expected to witness the fastest growth due to rapid urbanization and economic development in countries like China and India. Europe, with its diverse real estate market, also presents substantial opportunities, particularly in countries like Germany and the UK where housing demand remains high. Latin America and the Middle East & Africa are emerging markets where increasing urbanization and economic development are expected to drive future growth.

Type Analysis

When analyzing the market by type, the single-family detached home business can be segmented into luxury homes, mid-range homes, and affordable homes. Each of these segments caters to different consumer demographics and has unique growth drivers. Luxury homes, for instance, are characterized by high-end features, premium materials, and exclusive locations. These homes are targeted towards high-net-worth individuals and are often seen as a status symbol. The demand for luxury homes is driven by factors such as rising wealth among individuals, a desire for exclusivity, and investment potential.

Mid-range homes, on the other hand, cater to the middle-income demographic and are characterized by a balance of affordability and quality. These homes are often located in suburban areas and offer essential amenities that cater to the needs of families. The demand for mid-range homes is driven by factors such as rising disposable incomes, growing middle-class populations, and the preference for family-oriented living spaces. This segment is particularly strong in developing countries where the middle class is expanding rapidly.

Affordable homes are designed to cater to low-income families and individuals. These homes are usually smaller in size and located in less expensive areas. The demand for affordable homes is driven by factors such as government housing schemes, subsidies, and the need to provide housing solutions for low-income groups. Many governments across the world are focusing on affordable housing initiatives to address the housing shortage and improve living conditions for their citizens. This segment is crucial for social stability and econ

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Ice Cream Shop Franchises Market Outlook

The global ice cream shop franchises market size was valued at approximately USD 21.3 billion in 2023 and is expected to reach USD 35.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.8%. The increasing consumer inclination towards premium and artisanal ice cream products, coupled with the rising trend of socializing at ice cream parlors, is driving the growth of this market.

One of the primary growth factors for the ice cream shop franchises market is the growing consumer demand for diverse and innovative flavors. Consumers today seek unique and high-quality ice cream products, which has prompted franchise owners to experiment with novel flavors and ingredients. This trend is particularly visible in urban areas where customers are willing to pay a premium for gourmet ice cream. The rise of health-conscious consumers has also led to the introduction of low-calorie, vegan, and organic ice cream options, thereby expanding the market further.

Another significant growth driver is the increased disposable income and changing lifestyle patterns, especially in emerging economies. As the middle-class population grows, their spending capacity on leisure and luxury items, including premium ice cream, also rises. This demographic shift is providing a fertile ground for the expansion of ice cream shop franchises. Moreover, the proliferation of shopping malls and entertainment complexes in these regions has created more opportunities for ice cream franchises to establish their presence.

The growing popularity of online food delivery services has also contributed to the growth of the ice cream shop franchises market. Many franchises have partnered with food delivery platforms to reach a wider customer base and offer convenient home delivery services. This strategy has proven effective, particularly during the COVID-19 pandemic, when dine-in options were limited, and consumers turned to online ordering. This has not only sustained the market but also opened new avenues for growth.

The landscape of food franchises is evolving, and Convenience Store Franchises are playing a pivotal role in this transformation. These franchises offer a unique blend of accessibility and variety, making them an attractive option for consumers seeking quick and convenient food solutions. Unlike traditional ice cream shops, convenience stores often provide a diverse range of products, including snacks, beverages, and ready-to-eat meals, catering to the on-the-go lifestyle of modern consumers. This adaptability has allowed convenience store franchises to thrive in urban environments, where time constraints and fast-paced living are prevalent. By integrating ice cream offerings into their product mix, convenience store franchises can tap into the growing demand for sweet treats, further expanding their customer base and enhancing their market presence.

Regionally, North America dominates the ice cream shop franchises market, followed by Europe and Asia Pacific. The high per capita consumption of ice cream in North America, coupled with the presence of major market players, drives the market's dominance in the region. In recent years, Asia Pacific has emerged as a lucrative market due to rapid urbanization, increasing middle-class population, and rising disposable income. Countries like China and India are witnessing a surge in the number of ice cream shop franchises, which is expected to significantly contribute to the market's growth in the coming years.

Product Type Analysis

The ice cream shop franchises market can be segmented by product type into soft serve, gelato, frozen yogurt, sorbet, and others. Soft serve ice cream remains one of the most popular product types due to its creamy texture, affordability, and wide appeal among all age groups. Franchises offering soft serve often capitalize on the product's versatility, offering various toppings and mix-ins to attract customers. The convenience of producing soft serve, combined with its consistent demand, makes it a staple offering in many ice cream shops.

Gelato, known for its dense texture and rich flavor, is gaining traction, particularly in urban markets. Unlike traditional ice cream, gelato contains less air and fat, providing a more intense flavor experience. Many franchises are now incorporating gelato into their menus to cater to discerning customers looking for premium products. The growing trend