The revenue change in the pharmaceuticals market in APAC was modeled to stand at **** percent in 2024. From 2017 to 2024, the revenue change rose by **** percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2028, the revenue change will rise by **** percentage points, showing an overall upward trend with periodic ups and downs.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Pharmaceuticals.

The Industry 4. 0 Market Segmented by Technology Type (Industrial Robotics, Iiot, AI and ML and More), Component (Hardware, Software / Platforms, Services (Integration, Consulting, Support), Deployment Model (On-Premises, Cloud and More) End-User Industry (Manufacturing, Automotive, Oil and Gas, and More), and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.

In 2021, the market size of the maternal and childcare products in China increase by **** percent compared to the previous year. The market value reached almost **** trillion yuan that year.

According to Cognitive Market Research, the global industrial software market size will be USD 22624.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 17.50% 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 8371.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 6561.19 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 5429.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 19.5% 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 859.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2025 to 2033.
Middle East had a market share of around 4.00% of the global revenue and was estimated at a market size of USD 904.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.8% 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 497.75 million in 2025 It will grow at a compound annual growth rate (CAGR) of 17.2% from 2025 to 2033.
Al in manufacturing is the fastest growing segment of the industrial software market industry

Market Dynamics of Industrial Software Market

Key Drivers for Industrial Software Market

Rise of Industry 4.0 and Smart Manufacturing To Boost Market Growth

The advent of Industry 4.0 is revolutionizing how industries operate by integrating advanced technologies such as IoT, AI, machine learning, robotics, and cloud computing. As manufacturers increasingly digitize their operations, the demand for industrial software—such as Manufacturing Execution Systems (MES), SCADA, and Product Lifecycle Management (PLM)—is accelerating. These solutions enable real-time monitoring, predictive maintenance, and automated decision-making, which significantly enhance productivity and reduce downtime. Industrial software also supports integration across the value chain, from design and engineering to production and supply chain management. Governments and private players alike are investing heavily in smart factory initiatives, further boosting software adoption. Additionally, software-based automation helps address labour shortages and skill gaps by reducing reliance on manual processes. The push for operational agility, product customization, and cost efficiency continues to drive the shift toward intelligent software systems across all sectors. In November 2024, China surpassed Germany in industrial robot usage, now ranking third globally with 470 robots per 10,000 workers, reflecting its significant investment in automation to enhance manufacturing capabilities.

https://www.reuters.com/technology/china-overtakes-germany-industrial-use-robots-says-report-2024-11-20/”/

Growing Demand for Predictive Maintenance and Real-Time Monitoring To Boost Market Growth

Industrial operations are increasingly turning to predictive maintenance and real-time asset monitoring to maximize uptime and reduce maintenance costs. Traditional reactive or time-based maintenance approaches often lead to unplanned downtimes and increased operational risks. In contrast, industrial software integrated with IoT sensors and analytics platforms enables early detection of anomalies in equipment performance. This allows operators to schedule maintenance only when necessary, extending asset life and avoiding costly disruptions. Real-time dashboards, alert systems, and AI-powered insights provide a holistic view of plant performance, facilitating data-driven decision-making. Industries such as oil & gas, manufacturing, power generation, and logistics are among the top adopters of such technologies. The economic benefit of avoiding system failures—combined with better regulatory compliance and safety assurance—is making predictive software tools a critical component in modern industrial strategy. As a result, companies are investing in platforms that offer condition monitoring, digital twins, and remote diagnostics.

Restraint Factor for the Industrial Software Market

High Implementation and Integration Costs, Will Limit Market Growth

One of the primary restr...

The global manufacturing analytics market size reached USD 15.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 65.8 Billion by 2033, exhibiting a growth rate (CAGR) of 17.7% during 2025-2033. The emerging trend of automation in industrial processes, along with the development of Industry 4.0 trends, is primarily augmenting the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 15.2 Billion
Market Forecast in 2033	USD 65.8 Billion
Market Growth Rate 2025-2033	17.7%

IMARC Group provides an analysis of the key trends in each segment of the global manufacturing analytics market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on component, deployment model, application and industry vertical.

Between 2023 and 2028, it was forecast that the cumulative annual growth rate (CAGR) of the hospitality industry's revenue would be the highest for Qatar, amounting to almost ** percent among the Gulf Cooperation Council (GCC). Comparatively, Kuwait, Oman, and Bahrain had expected growth rate that exceed the region's average over the examined period.

Key information about Brazil Industrial Production Index Growth

• Brazil Industrial production fell 0.2 % YoY in Sep 2025, following an increase of 1.2 % YoY in the previous month.
• Brazil Industrial production index growth rate YoY data is updated monthly, available from Jan 1986 to Sep 2025, with an average rate of 19,931.6 %.
• The data reached an all-time high of 53,223.5 % in Dec 2022 and a record low of 7,735.6 % in Dec 1997.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. The Brazilian Institute of Geography and Statistics provides Industrial Production Index with base 2022=100. Industrial Production Index Growth prior to January 2003 is calculated from Industrial Production Index with base 2002=100 and prior to January 1992 from Industrial Production Index with base 1991=100.

The North America Automotive Market Report is Segmented by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and More), Propulsion Type (ICE, and More), Sales Channel (OEM-Franchised Dealer, and More), Level of Automation (Level 0–1, Level 2, Level 3, and Level 4–5), and Country (United States, Canada, Rest of North America). The Market Forecasts are Provided in Terms of Value (USD) and Volume in Units.

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Additive Manufacturing Market Size 2025-2029

The additive manufacturing market size is forecast to increase by USD 46.76 billion at a CAGR of 23.9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the high demand in the medical device sector for customized and complex components. This trend is further fueled by increasing consumer interest in personalized, 3D-printed products across various industries. However, the market growth is not without challenges. The high initial cost of setting up additive manufacturing facilities remains a significant barrier for entry, limiting the number of players and potentially hindering market penetration. Moreover, the technology's limited material options and the need for specialized expertise pose additional challenges.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on collaborations, strategic partnerships, and continuous innovation to reduce costs, expand material offerings, and improve production efficiency. By staying abreast of the latest industry developments and trends, businesses can position themselves to succeed in this dynamic and evolving market.

What will be the Size of the Additive Manufacturing Market during the forecast period?

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The market continues to experience significant growth and innovation, driven by the increasing adoption of industrial 3d printing technologies in various industries. The market's size is projected to expand at a robust rate, with the automotive and industrial segments leading the charge. Technologies such as fuse deposition modeling, stereolithography, and selective laser sintering are gaining popularity due to their ability to produce complex geometries and reduce production expenses. The market is also witnessing increased regulatory scrutiny, leading to the development of certification standards and quality assurance protocols. The integration of advanced scanning software and design software capabilities is enabling more precise and efficient manufacturing processes.
Mergers & acquisitions and collaboration agreements are common as companies seek to expand their offerings and enhance their competitive positions. Despite the advancements, challenges remain, including the need for installation services, addressing the skills gap, and ensuring compatibility with traditional manufacturing methods. Desktop additive manufacturing and desktop 3d printers are also gaining traction for prototyping and educational purposes. The market's future direction lies in the continued development of more advanced technologies, improved design software, and the expansion of applications beyond prototyping to production. The shift from subtractive manufacturing methods to additive manufacturing is transforming industries, offering new opportunities for innovation and cost savings.
The market's dynamics are shaped by ongoing technological advancements, regulatory developments, and industry 4.0 trends.

How is this Additive Manufacturing Industry segmented?

The additive manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Hardware
  Software
  Services


End-user

  Automotive
  Aerospace
  Industrial
  Healthcare
  Defense
  Consumer Goods
  Education/Research
  Others


Material

  Plastics
  Metals
  Ceramics
  Others


Technology

  Stereolithography
  Polyjet printing
  Binder jetting
  Laser sintering
  Fused Deposition Modeling (FDM)
  Direct Metal Laser Sintering (DMLS)
  Electron Beam Melting (EBM)
  Directed Energy Deposition (DED)
  Others
  Binder jetting


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Spain
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

    UAE


  Rest of World

By Component Insights

The hardware segment is estimated to witness significant growth during the forecast period.

Additive manufacturing, also known as 3D printing, is revolutionizing industrial production by enabling the creation of complex parts layer-by-layer. The market for this technology is in a high-growth stage, driven by the increasing adoption in industries such as aerospace, automotive, healthcare, and manufacturing. Industrial 3D printers, which use technologies like Fused Deposition Modeling (FDM), Stereolithography, Selective Laser Sintering (SLS), and Digital Light Processing (DLP), are at the heart of this process. These printers offer advantages such as enhanced material usage, functional parts precision, and reduced production expenses. The dental industry and education sector are witnessing significant growth in the utilization

Cameroon CM: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at -2.563 % in 2023. This records a decrease from the previous number of 10.517 % for 2022. Cameroon CM: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 3.810 % from Dec 1966 (Median) to 2023, with 58 observations. The data reached an all-time high of 34.632 % in 1982 and a record low of -16.618 % in 1993. Cameroon CM: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cameroon – Table CM.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 10-33. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

The global coding bootcamp market size reached USD 661.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,613 Million by 2033, exhibiting a growth rate (CAGR) of 10.4% during 2025-2033. The increasing number of outsourcing and immigration especially in developing regions, the growing importance of technology among job seekers, and the continual technological advancements across the globe are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 661.8 Million
Market Forecast in 2033	USD 1,613 Million
Market Growth Rate 2025-2033	10.4%

IMARC Group provides an analysis of the key trends in each segment of the global coding bootcamp market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type of learning, mode of delivery, and programming language.

Industrial Inertial Systems Market Outlook

The global Industrial Inertial Systems market is poised to experience substantial growth, with its market size estimated to reach USD 10.5 billion by 2023 and projected to expand at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2032, potentially achieving a market size of approximately USD 22.3 billion by 2032. The growth of this market is attributed to the increasing demand for precise navigation and control systems across various sectors, such as aerospace, automotive, and industrial automation. The rising investment in research and development to improve the performance and reliability of inertial systems is further propelling market expansion.

One of the key growth factors driving the market is the burgeoning demand for advanced and accurate navigation systems in the aerospace and defense sectors. With the increasing complexity of defense operations and the need for precise positioning and orientation data, inertial systems have become indispensable. The aerospace industry, in particular, relies heavily on high-performance inertial measurement units (IMUs) and gyroscopes for applications ranging from autonomous flight control to missile guidance systems. The integration of inertial systems into unmanned aerial vehicles (UAVs) and drones is further contributing to market growth, as these systems offer critical data for navigation and control in environments where GPS signals may be unreliable or unavailable.

Another significant growth factor is the expanding use of inertial systems in the transportation sector. The automotive industry is witnessing a rapid increase in the adoption of inertial systems for various applications, including advanced driver assistance systems (ADAS), vehicle stability control, and autonomous driving technologies. As the industry moves towards higher levels of vehicle automation, the need for reliable and precise inertial systems becomes even more critical. This trend is expected to drive substantial demand for accelerometers, gyroscopes, and IMUs, paving the way for innovations in inertial sensing technologies. Additionally, the growing emphasis on passenger safety and vehicle performance is further augmenting the adoption of these systems.

The industrial automation sector is also a major contributor to the growth of the inertial systems market. As industries move towards automation and smart manufacturing, the demand for precise motion sensing and control technologies is on the rise. Inertial systems facilitate accurate machine control, robotics navigation, and process automation, enhancing operational efficiency and productivity. The increasing implementation of Industry 4.0 and the Industrial Internet of Things (IIoT) is expected to drive further investments in inertial system technologies, thus bolstering market growth. Moreover, the integration of inertial systems with other sensor technologies to deliver comprehensive motion tracking solutions is creating new growth opportunities within the sector.

Regionally, Asia Pacific is anticipated to be a major growth hub for the industrial inertial systems market. The region's robust manufacturing sector, coupled with significant investments in defense and aerospace, is expected to drive demand for inertial systems. China, Japan, and India are leading contributors to this growth, with a strong focus on technological advancements and increasing defense budgets. North America and Europe are also key markets, given their technological leadership and established automotive and aerospace industries. The presence of major industry players and continuous innovation in these regions are contributing to market expansion. Meanwhile, the Middle East & Africa and Latin America are expected to witness gradual growth as industrial activities and investments in infrastructure projects increase.

Component Analysis

The components of industrial inertial systems are diverse, with accelerometers, gyroscopes, inertial measurement units (IMUs), and other related systems playing crucial roles in ensuring accurate motion sensing and navigation. Accelerometers are vital for measuring linear acceleration, and they find extensive applications in sectors like automotive, consumer electronics, and industrial automation. The demand for high-precision accelerometers is on the rise, driven by the need for enhanced sensitivity and accuracy in various applications, from smartphone motion sensing to vehicular stability systems. The development of micro-electromechanical systems (MEMS) technology has significantly advanced the miniaturization and cost-effectiveness of accelerometers, making them more

The global deep fryer market size was valued at USD 573.63 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 723.90 Million by 2033, exhibiting a CAGR of 2.49% from 2025-2033. North America currently dominates the market, holding a market share of 38.3% in 2024. The deep fryer market share in North America is growing because of the strong presence of fast-food chains, high consumer spending on dining out, and a well-established foodservice industry. The high adoption of advanced kitchen appliances and the growing demand for convenience foods further drive deep fryer sales across commercial and residential sectors.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 573.63 Million
Market Forecast in 2033	USD 723.90 Million
Market Growth Rate 2025-2033	2.49%

IMARC Group provides an analysis of the key trends in each segment of the global deep fryer market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on type, capacity, end user, and distribution channel.

The Robotics Market Report is Segmented by Robot Type (Industrial Robots, Service Robots, and More), Component (Hardware, Software, and Services), Application (Manufacturing and Assembly, Logistics and Warehousing, Medical and Surgical, and More), End-User Industry (Automotive, Electronics and Semiconductor, Food and Beverage, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Industrial Automation in Food and Beverage Market Outlook

As of 2023, the global market size for industrial automation in the food and beverage industry is estimated at $20 billion, with projections indicating this figure could rise to approximately $35.6 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 6.5%. The growth of this market is driven by increasing demand for higher efficiency, improved product quality, and stringent regulatory standards in food safety and hygiene. The confluence of these factors makes industrial automation indispensable in modern food and beverage manufacturing processes.

One of the primary growth factors driving the expansion of industrial automation in the food and beverage sector is the relentless pursuit of efficiency and cost-effectiveness. Automated systems significantly reduce the need for manual labor, which not only cuts operational costs but also minimizes the risk of human errors that can lead to product recalls and waste. Furthermore, automation technologies enable faster production cycles and higher throughput, allowing companies to meet the growing consumer demand more effectively. This is particularly important in a highly competitive market where speed and efficiency can determine market leadership.

Another crucial growth driver is the increasing emphasis on food safety and hygiene. Regulatory bodies around the world have been tightening standards to prevent contamination and ensure the highest levels of food safety. Automated systems come equipped with advanced sensors and monitoring technologies that maintain strict hygiene standards and ensure traceability from production to distribution. This capability is invaluable for complying with regulatory requirements and maintaining consumer trust, thereby fostering market growth.

The advent of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning is also playing a significant role in market expansion. These technologies offer predictive maintenance, real-time monitoring, and data analytics that can optimize production processes and improve decision-making. For instance, AI-driven analytics can predict equipment failures before they occur, thereby reducing downtime and maintenance costs. IoT devices can collect and transmit data in real-time, enabling more agile and responsive manufacturing processes. Such technological advancements are enhancing the capabilities and appeal of industrial automation solutions.

Industrial Production Machinery Automation is becoming increasingly integral to the food and beverage industry, where precision and efficiency are paramount. The deployment of automated machinery in production lines not only enhances operational efficiency but also ensures consistent product quality. These automated systems can handle repetitive tasks with high accuracy, reducing the likelihood of human error and increasing throughput. As consumer demand for diverse and high-quality food products grows, manufacturers are turning to automation to maintain competitiveness and meet regulatory standards. The ability to swiftly adapt to new production requirements and scale operations is another advantage that industrial production machinery automation offers, making it a critical component in the modern manufacturing landscape.

Regionally, North America and Europe are expected to remain critical markets due to their well-established food and beverage industries and early adoption of automation technologies. However, the Asia Pacific region is anticipated to experience the highest growth rates due to rapid industrialization, increasing disposable incomes, and a growing middle class. Countries like China and India are witnessing a surge in demand for processed and packaged foods, driving investments in automation. Latin America and the Middle East & Africa are also showing promise, albeit at a slower pace, as they gradually adapt to global trends and improve their manufacturing infrastructures.

Component Analysis

The industrial automation market in the food and beverage sector is segmented by components into hardware, software, and services. Each of these components plays a crucial role in the comprehensive automation of manufacturing processes. Hardware includes machinery and equipment such as sensors, controllers, robotic arms, and automated guided vehicles (AGVs). These physical devices form the backbone of any automated system, ensuring precise and efficient opera

According to Cognitive Market Research, the global Software Development market size was USD 403615.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% 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 161446.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 121084.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 92831.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 20180.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% 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 8072.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
BFSI sector is the dominant category in the Software Development Market due to the significant investment these institutions make in digital solutions to enhance their services

Market Dynamics of Software Development Market

Key Drivers for Software Development Market

Increasing Adoption of Cloud-Based Solutions to Boost Market Growth

The growing adoption of cloud-based solutions is a major driver in the Software Development Market. As businesses shift to cloud environments for their scalability, flexibility, and cost-effectiveness, the demand for cloud-based software development has surged. Cloud platforms allow organizations to deploy software applications with ease, reduce infrastructure costs, and scale resources on-demand. This trend is particularly beneficial for startups and small businesses, enabling them to access advanced software tools without heavy upfront investments. Moreover, the seamless integration of cloud-based applications across various devices and systems further accelerates the demand for software developers specializing in cloud-based solutions. For instance, October 2023, The ESDS Software Solution launched a low-code platform called "Low Code Magic." The platform redefines the application development landscape, making it faster, easier, and more efficient for businesses to create custom applications tailored to their needs

Integration of Artificial Intelligence and Machine Learning to Drive Market Growth

The integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies into software development is creating significant opportunities for innovation and efficiency. AI and ML are increasingly being leveraged to enhance the functionality of software products, offering smarter solutions for businesses and consumers. From predictive analytics and automation to natural language processing and image recognition, AI and ML are transforming how software applications are developed and used. This not only improves software performance but also enables companies to create more personalized and data-driven user experiences. As these technologies continue to evolve, the demand for AI and ML-driven software solutions is expected to drive growth in the software development market.

Restraint Factor for the Software Development Market

High Development Costs and Budget Constraints, will Limit Market Growth

One of the key restraints in the Software Development Market is the high development costs associated with creating advanced software solutions. The complexity of modern software applications, particularly those incorporating AI, cloud infrastructure, and data security features, requires substantial investment in skilled labor, technology, and infrastructure. Small to medium-sized enterprises (SMEs) often face challenges in allocating sufficient budget for software development, limiting their ability to compete in the market. Additionally, the ongoing maintenance and updates required for software applications add to the financial burden, making it difficult for businesses to maintain a sustainable development cycle.

Impact of Covid-19 on the Software Development Market

Covid-19 pandemic significantly impacted the Software Development Market, accelerating the digital transformation ...

The global healthcare data annotation tools market size reached USD 204.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,308.5 Million by 2033, exhibiting a growth rate (CAGR) of 22.9% during 2025-2033. The increasing adoption of artificial intelligence (AI) and machine learning (ML) in healthcare, the rise in generating vast amounts of data, significant advancement in medical imaging technologies, and the increasing demand for telemedicine are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 204.6 Million
Market Forecast in 2033	USD 1,308.5 Million
Market Growth Rate (2025-2033)	22.9%

IMARC Group provides an analysis of the key trends in each segment of the global healthcare data annotation tools market report, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, technology, application, and end user.

The statistic shows the growth rate of sales revenue in Hong Kong's food and beverage grocery industry from 2011 to 2015 with a forecast to 2020. In 2019, it was estimated that the sales revenue of food and beverage grocery will grow at a *** percent in Hong Kong compared to the previous year.

Snapshot img { margin: 10px !important; } The chicory market has the potential to grow by USD 195.73 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.51%.

This chicory market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (food and beverages, dietary supplements, and others) and geography (Europe, North America, APAC, MEA, and South America). The chicory market report also offers information on several market vendors, including Beneo GmbH, Cargill Inc., Delecto Foods Pvt. Ltd., Farmvilla Food Industries Pvt. Ltd., Murlikrishna Foods Pvt. Ltd., Natures Gold Production B.V., Pioneer Chicory, PMV Nutrient Products Pvt. Ltd., Starwest Botanicals Inc., and Xylem Inc. among others.

What will the Chicory Market Size be in 2021?

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Chicory Market: Key Drivers and Trends

The increasing inclination of consumers towards organic and nutritional products is notably driving the chicory market growth, although factors such as health risks associated with heavy consumption of chicory may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the chicory industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This chicory market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Chicory Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Beneo GmbH
Cargill Inc.
Delecto Foods Pvt. Ltd.
Farmvilla Food Industries Pvt. Ltd.
Murlikrishna Foods Pvt. Ltd.
Natures Gold Production B.V.
Pioneer Chicory
PMV Nutrient Products Pvt. Ltd.
Starwest Botanicals Inc.
Xylem Inc.

The vendor landscape of the chicory market entails successful business strategies deployed by the vendors. The chicory market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the chicory market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Chicory Market?

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44% of the market’s growth will originate from Europe during the forecast period. Belgium, France, and The Netherlands are the key markets for chicory in Europe.

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The preference for chicory as a cheaper substitute for coffee will facilitate the chicory market growth in Europe over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Application Segments in the Chicory Market?

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The chicory market share growth by the food and beverages segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the chicory market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

    Chicory Market Scope




    Report Coverage


    Details




    Page number


    120




    Base year


    2020




    Forecast period


    2021-2025

According to Cognitive Market Research, the global Dairy Industry Market size was USD 891254.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.60% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 356501.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 267376.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 204988.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
The Latin America market will account for more than 5% of global revenue and have a market size of USD 44562.71 million in 2024. It will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 17825.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
The Bakery & Confectionery held the highest Dairy Industry Market revenue share in 2024.

Market Dynamics of Dairy Industry Market

Key Driver for the Dairy Industry Market

Income Growth and Urbanization to Increase the Demand Globally

As income levels rise and urbanization accelerates worldwide, the demand for dairy products, including cheese, is expected to increase significantly. Urbanization brings about changes in lifestyle and dietary habits, with urban populations often having greater purchasing power and access to a wider variety of food options. With more people living in urban areas, there is a higher demand for convenient and processed foods, including cheese, which is versatile and widely enjoyed in various cuisines.

Additionally, as disposable incomes increase, consumers are more likely to incorporate dairy products into their diets as part of a more diverse and nutritionally rich food intake. These factors create a conducive environment for the growth of the cheese segment within the dairy industry, with opportunities for producers to innovate, expand their product offerings, and tap into new markets both domestically and internationally.

Population Growth to Propel Market Growth

Population growth is a significant driver propelling market growth across various industries, including the dairy sector. As the global population continues to expand, particularly in emerging economies, the demand for dairy products is expected to rise steadily. With more mouths to feed, there is an increased need for staple foods like dairy, which provides essential nutrients such as protein, calcium, and vitamins. Moreover, population growth often correlates with urbanization, as more people move to cities in search of better opportunities. Urban populations tend to have higher purchasing power and access to a diverse range of food products, including dairy items like milk, cheese, and yogurt.

Furthermore, population growth isn't just about quantity but also demographic shifts. Changes in age demographics, such as an aging population in some regions, can also impact dairy consumption patterns. Older adults may seek dairy products for their calcium content to support bone health, contributing to sustained demand for dairy products.

Restarint Analysis for Dairy Industry Market

Health Concerns and Dietary Shifts to Limit the Sales

While population growth is a significant driver of market growth in the dairy industry, it's essential to recognize that health concerns and dietary shifts can act as limiting factors, impacting sales. In recent years, there has been a growing awareness of health issues related to dairy consumption, including lactose intolerance, concerns about cholesterol levels, and saturated fats. These health concerns have prompted some consumers to reduce their intake of dairy products or seek alternatives.

Additionally, dietary shifts towards plant-based diets and veganism have gained traction, driven by concerns about animal welfare, environmental sustainability, and perceived health benefits. As a result, many consumers are opting for plant-based dairy alternatives such as almond milk, soy milk, and oat milk, which offer similar nutritional profiles without the drawbacks associated with dairy consumption.

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