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Monday, August 18, 2025

Yerba Mate Market Size to Reach USD 3.38 Billion by 2033, Driven by Rising Global Demand for Natural Energy Beverages

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According to a new report by Straits Research, the global yerba mate market size was valued at USD 2.05 billion in 2024 and is projected to grow from USD 2.17 billion in 2025 to USD 3.38 billion by 2033, expanding at a CAGR of 5.72% during the forecast period (2025–2033).

Yerba mate (also known as mate drink or yerba mate tea) is rapidly emerging as one of the fastest-growing natural energy beverages globally. Known for its unique balance of caffeine, antioxidants, and polyphenols, yerba mate is increasingly being compared to coffee, green tea, and even modern supplements like guayusa tea and cordyceps for its energizing and metabolism-boosting properties.

Yerba Mate Benefits: Why the Market Is Growing

Consumers are drawn to yerba mate benefits, which include:

Natural caffeine boost without the jitters linked to coffee.
High antioxidant content, supporting cardiovascular health.
Appetite control and metabolism support, leading some to compare it with medications like Ozempic® for weight management.

A 2024 study published in Nutrients highlighted yerba mate’s role in regulating hormones linked to satiety. This has sparked global curiosity with people asking: “Is yerba mate really like Ozempic?” While the comparison is not exact, yerba mate’s natural appetite-suppressing effects are fueling its popularity among weight-conscious consumers.

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Market Trends and Product Innovation

Functional Beverages: Yerba mate is now found in energy drinks, RTD cans, and herbal tea blends. Brands like Guayakí (recently rebranded as Yerba Madre™) have made yerba mate mainstream in the U.S. and UK yerba mate markets.
Premium Products: Items like yerba mate resurfacing energy facial in skincare and kubki do yerba mate (traditional mate cups) highlight yerba mate’s cultural and lifestyle integration.
New Variants: Global beverage giants are experimenting with blends such as Perrier Yerba Mate sparkling infusions, bringing mate into the premium hydration space.
Online Buzz: Searches for what is yerba mate, yerba mate reviews, best yerba mate, and yerba mate carcinogen concerns reflect increasing global curiosity and the need for consumer education.

Who Drinks the Most Yerba Mate?

Latin America remains the largest consumer of yerba mate, with Argentina leading global consumption. Over 90% of Argentine households consume yerba mate daily, making the country the heart of global mate culture. Brazil and Uruguay also have deeply rooted traditions, while exports continue to rise to the U.S., Europe, and Asia-Pacific.

Is Yerba Mate Legal in the USA?

Yes, yerba mate is legal in the USA and is widely available in supermarkets, health stores, and online platforms. In fact, yerba mate USA brands like Guayakí/Yerba Madre™ have transformed mate into a trendy energy drink alternative. Yerba mate UK and EU markets are also expanding, supported by wellness trends and increasing online sales.

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Key Market Segments

By Product Type: Conventional, Organic, Instant, Flavored, Ready-to-Drink (RTD), Others
By Form: Loose Leaf, Tea Bags, Powder, Liquid Extracts, Capsules/Tablets
By Application: Beverages (traditional mate, iced drinks, energy drinks), Nutraceuticals, Pharmaceuticals, Personal Care & Cosmetics
By Distribution Channel: Supermarkets/Hypermarkets, Health Food Stores, Specialty Stores, Online Retail

Frequently Asked Questions (FAQs)

How big is the yerba mate market?
Who is the largest consumer of yerba mate?
Is yerba mate really like Ozempic?
Is yerba mate legal in the USA?
What are the top benefits of yerba mate?

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Men’s Intimate Care Products Market to Reach USD 31.53 Billion by 2033, Driven by Shifting Grooming Norms and Rising Disposable Income

According to a new report by Straits Research, the global men’s intimate care products market was valued at USD 14.22 billion in 2024 and is projected to grow from USD 15.54 billion in 2025 to USD 31.53 billion by 2033, expanding at a CAGR of 9.25% during 2025–2033.

The growth is largely attributed to rising disposable incomes, changing perceptions of masculinity, and growing acceptance of intimate hygiene as part of men’s self-care routines.

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Market Insights and Key Indicators

Market Size (2024): USD 14.22 billion
Market Size (2033): USD 31.53 billion
CAGR (2025–2033): 9.25%
Leading Region (2024): North America
Fastest Growing Region: Asia-Pacific
Top End User Segment: Adults (20–40 years)
Dominant Distribution Channel: Offline Retail
Key Segment by Product: Grooming Products

What’s Driving Growth?

One of the main drivers of the men’s intimate care products market is the shift in societal norms. Men, particularly in urban centers, are embracing grooming and wellness without stigma. Hygiene solutions addressing sweat, odor, and irritation are gaining traction, while influencers and digital platforms continue to normalize conversations about male hygiene.

Additionally, rising disposable income is fueling premium product adoption. OECD data shows that real household income per capita rose 1.8% in 2024, creating a wider consumer base willing to spend on specialized hygiene and self-care products.

Market Trends

Product Diversification: Beyond intimate washes and powders, brands are launching deodorizing sprays, wipes, creams, serums, and even fragrances for intimate areas. For example, Exvin’s 2023 Intimate Parfum combined natural extracts with microbiome-friendly formulations.
Premiumization: Luxury, natural, and pH-balanced products are becoming popular among millennial and Gen Z buyers.
Sustainability: Eco-friendly packaging and organic formulations are helping brands attract health-conscious, environmentally aware consumers.

Market Segmentation

By Product Type:

Grooming Products
Body Wash and Soaps
Deodorants and Antiperspirants
Creams & Serums
Others

By Ingredient Type:

Natural/Organic
Conventional/Synthetic

By End User:

Teenagers
Adults (20–40 years)
Middle-aged & Older Adults (40+ years)

By Distribution Channel:

Online Retail
Offline Retail

Regional Highlights

North America: Dominates the global market due to health consciousness, social media influence, and rising e-commerce. Brands like Ballsy and MANSCAPED lead with direct-to-consumer strategies.
Asia-Pacific: Fastest growing market. Urbanization, changing cultural norms, and strong e-commerce platforms are fueling adoption. In India, brands like Pee Safe and Man Matters are breaking taboos with pH-balanced products.
Europe: Growth fueled by demand for vegan, cruelty-free, and sustainable formulations. Retailers like Boots and dm are expanding shelf space for men’s hygiene products.

Frequently Asked Questions (FAQs)

How big is the men’s intimate care products market?
What drives the market growth?
Which region leads the market?
Which product segment dominates?
What challenges does the market face?

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Switchgear Market Size to Reach USD 161.63 Billion by 2033, Growing at 5.5% CAGR

According to a new report by Straits Research, the global switchgear market size was valued at USD 97.76 billion in 2024 and is projected to grow from USD 104.21 billion in 2025 to USD 161.63 billion by 2033, expanding at a CAGR of 5.5% during 2025–2033.

Switchgear plays a critical role in the electrical industry. It is a mechanical device that switches on/off, controls, and protects electrical equipment such as transformers, switchgear panels, and circuit breakers. From low voltage switchgear to medium voltage (MV switchgear) and high voltage systems, switchgear ensures safety, efficiency, and reliability in power distribution networks.

Prominent companies like Schneider Electric, ABB, Siemens, Larsen & Toubro (L&T) Switchgear, Powell Switchgear, and S&S Power Switchgear Limited are leading the way in innovation. Modern SF6 switchgear, gas-insulated solutions, and IoT-enabled products are reshaping the future of the switchgear industry.

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Market Outlook

The outlook for the switchgear market remains highly positive, supported by rapid industrialization, renewable energy investments, and grid modernization. The demand for electrical switchgear is expected to increase with infrastructure development, especially in APAC, North America, and Europe.

Key Growth Drivers

Industrial Infrastructure Development: Growing use of switchgear panels in power plants, utilities, government offices, banks, and commercial buildings is fueling market expansion.
Renewable Energy Integration: The adoption of solar, wind, and hydropower projects requires advanced MV switchgear and LV switchgear for reliable transmission and distribution.
Smart & IoT-Enabled Switchgear: Global players like Schneider Switchgear, Siemens Switchgear, and ABB Switchgear are investing in digital monitoring systems that predict failures, reduce downtime, and improve energy efficiency.

Switchgear Market Segmentation

By Voltage Type: Low Voltage, Medium Voltage, High Voltage, Extra High Voltage, Ultra-High Voltage
By Insulation: Air Insulated, Gas Insulated (including SF6 switchgear), Oil Insulated, Vacuum Insulated
By Installation: Indoor, Outdoor
By End Use: Industrial, Residential, Commercial, Utilities

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Regional Insights

North America: Strong demand for MV switchgear and LV switchgear due to renewable integration and smart grid upgrades.
Europe: Fastest-growing region, focusing on energy efficiency and green power technologies.
Asia-Pacific: Largest market share, driven by China and India through large-scale rural electrification and industrial investments.
LAMEA: Smaller but steadily growing demand for electrical switchgear systems to expand energy access.

Frequently Asked Questions (FAQs)

1. How big is the switchgear market? The global switchgear market size was USD 97.76 billion in 2024 and is projected to reach USD 161.63 billion by 2033.

2. What is the outlook for the switchgear market? The outlook is strong, with demand driven by renewable energy, industrial expansion, smart grids, and urbanization.

3. What is the switchgear industry? The switchgear industry involves the design, manufacturing, and installation of electrical switchgear systems such as MV switchgear, LV switchgear, SF6 switchgear, and switchgear panels for utilities, industries, and residential power distribution.

4. What are the three main types of switchgear?

Low Voltage Switchgear (LV switchgear) – below 1kV, used in residential and commercial applications.
Medium Voltage Switchgear (MV switchgear) – between 1kV to 75kV, widely used in urban grids and industries.
High Voltage Switchgear – above 75kV, primarily used in transmission networks and power plants.

About Straits Research

Straits Research provides actionable insights and detailed industry analysis across multiple domains, enabling businesses to make informed decisions.

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Architectural Flat Glass Market to Reach USD 285.3 Billion by 2033, Driven by Smart Glass Adoption and Sustainable Building Demand

According to a new report by Straits Research, the global Architectural Flat Glass Market size was valued at USD 219.3 billion in 2024 and is projected to grow from USD 227.7 billion in 2025 to USD 285.3 billion by 2033, expanding at a CAGR of 3.8% during 2025–2033.

The market is experiencing steady momentum, supported by rising demand for energy-efficient building solutions, sustainable construction practices, and the rapid integration of smart glass technologies. Expanding infrastructure projects in emerging economies and stricter global energy regulations are reinforcing the growth outlook.

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Market Scope and Key Drivers

The architectural flat glass industry is transforming with innovations in low-emissivity (Low-E) glass, insulated glass units (IGUs), and building-integrated photovoltaics (BIPV). These solutions help reduce energy consumption, cut carbon emissions, and align with green building certifications such as LEED and BREEAM.

Sustainability Push: Regulatory frameworks, including the EU’s Renovation Wave Strategy and India’s Smart Cities Mission, mandate energy-efficient materials in new and retrofitted structures.
Smart Glass Integration: Technologies such as electrochromic glass allow dynamic control of light and heat, enhancing building performance while reducing operational costs.
Urbanisation and Infrastructure Growth: Large-scale programs in China, India, and the Middle East are creating vast opportunities for flat glass applications in commercial, residential, and institutional projects.

Current Market Trends

The integration of smart glass technologies is one of the most prominent market shifts. Notable examples include:

Salesforce Tower, San Francisco (2024) – adopted responsive glazing technologies, reducing heating and cooling costs by 25%.
The Edge, Amsterdam – incorporated electrochromic glass, achieving a 70% reduction in energy use compared to conventional buildings.

These advancements highlight the dual benefits of energy efficiency and modern aesthetics, making smart glass an essential element in contemporary architecture.

Segmental Insights

By Product Type: Insulated Glass Units (IGUs) dominate with a 38.22% revenue share in 2024.
By Application: Facades and curtain walls remain the largest segment due to their aesthetic and energy-saving benefits.
By End-Use: Commercial sector leads adoption, particularly in offices, malls, and hotels.
By Distribution: Direct sales account for 63.6% share, driven by large-volume B2B procurement.

Key Players

AGC Inc.
Saint-Gobain S.A.
Guardian Industries
Nippon Sheet Glass Co., Ltd. (NSG Group)
Schott AG
Vitro S.A.B. de C.V.
Şişecam Group
Xinyi Glass Holdings Limited
CSG Holding Co., Ltd.
Fuyao Glass Industry Group Co., Ltd.

Frequently Asked Questions (FAQs)

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Modular Bridges Market to Reach USD 19.89 Billion by 2033, Driven by Expanding Infrastructure and Marine Industry Demand

According to a new report by Straits Research, the global modular bridges market size was valued at USD 11,284.86 million in 2024 and is projected to grow from USD 12,018.37 million in 2025 to reach USD 19,890.36 million by 2033, expanding at a CAGR of 6.5% during 2025–2033.

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Market Overview

A modular bridge is a prefabricated structure designed to support vehicles, pedestrians, and heavy equipment. Owing to their lightweight components, ease of transportation, and low maintenance requirements, modular bridges are widely used across sectors such as flyovers, railway bridges, mining, marine, and temporary construction access. These bridges also play a crucial role during natural calamities by restoring connectivity between regions.

The increasing pace of construction activities in developing economies, along with the rising need for cost-effective and rapid infrastructure solutions, is fueling the demand for modular bridges globally.

Market Segmentation

By Type (2021–2033):

Temporary
Permanent

By Application (2021–2033):

Flyovers
Railways
Military
Mining
Marine

By End-user (2021–2033):

Government
Military
Industry

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Prominent companies operating in the Modular Bridges Market include:

Acrow Corporation of America
Atlantic Industries Limited (AIL)
BAE Systems plc
Bailey Bridges, Inc.
Beaver Bridges Ltd
CNIM Group
S. Bridge
Janson Bridging Nederland BV
Creative Pultrusions, Inc.
General Dynamics European Land Systems, S.L.U
Jiangsu Bailey Steel Bridge Co. Ltd.

Regional Insights

Asia-Pacific dominates the global modular bridges market, supported by massive steel production, rapid industrialization, and large-scale infrastructure investments.
North America and Europe continue to adopt modular bridges for military, mining, and civil applications, with governments emphasizing cost-effective, quick-deployment infrastructure.
Middle East & Africa and Latin America are emerging as promising regions, supported by urbanization and mining activities.

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Frequently Asked Questions (FAQs)

How big is the modular bridges market?
What is a modular bridging system?
Are bridges prefabricated?
Which region dominates the modular bridges market?
What are the key applications of modular bridges?
Who are the leading companies in the modular bridges market?

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Sunday, August 17, 2025

Pea Protein Isolate Market to Reach USD 6.74 Billion by 2033, Driven by Rising Demand for Plant-Based Nutrition

The global pea protein isolate market, valued at USD 2.68 billion in 2024, is projected to reach USD 6.74 billion by 2033, expanding at a CAGR of 10.8% between 2025 and 2033, according to Straits Research. Growing consumer interest in clean-label, allergen-free, and sustainable nutrition sources continues to push the demand for pea protein powder and pea protein isolate, positioning them as leading alternatives to animal-derived proteins like whey protein, whey isolate protein powder, and soy protein isolate.

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Market Overview

Pea protein isolate, primarily derived from yellow peas, is gaining traction as consumers seek high-quality, vegan-friendly alternatives to whey isolate protein and whey protein supplements such as Optimum Nutrition Gold Standard Whey. While traditional whey isolate and whey isolate protein powder remain popular in sports nutrition, plant-based solutions like naked pea protein are becoming mainstream due to their digestibility, hypoallergenic profile, and eco-friendly sourcing.

As lifestyles shift toward plant-based and flexitarian diets, protein powder choices are diversifying. Pea protein isolate, with its superior amino acid balance, is increasingly used in sports nutrition, energy drinks, health food, dairy alternatives, and even pet food formulations.

Market Trends

One of the strongest trends is the incorporation of pea protein isolate in beverages and alternative meat products. For instance, companies such as Rebbl and Koia use pea protein powder to formulate clean-label protein shakes. At the same time, textured pea protein is reshaping the plant-based meat sector with a meat-like texture and flavor experience.

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Key Growth Factors

Rising consumer focus on health, wellness, and fitness.
Growing awareness of plant-based diets compared to animal-based options like whey isolate and soy protein.
Expansion of plant-based sports nutrition where whey isolate protein powder and soy protein isolate alternatives are increasingly replaced by pea protein isolate.
Strong investments in R&D by companies like Roquette Frères, Ingredion, and Louis Dreyfus Company to improve sensory qualities and expand production.

Pea Protein Isolate Market Segmentations

By Product Type (2021-2033)

High-purity pea protein isolate (>85%)
Medium-purity pea protein isolate (80%–85%)
Low-purity pea protein isolate (75%–80%)

By Processing Method (2021-2033)

Wet processing
Dry processing

By Application (2021-2033)

Sports nutrition food
Energy drinks
Health food
Pet food
Others

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Key Players

Roquette Frères
Ingredion Incorporated
Cargill, Inc.
Axiom Foods Inc.
Burcon NutraScience Corporation
Glanbia Plc
Cosucra Groupe Warcoing SA
AGT Food and Ingredients Inc.

Regional Highlights

North America dominates the market, supported by strong consumer preference for plant-based diets.
Asia-Pacific is the fastest-growing region, with India and China driving demand for pea protein powder as alternatives to whey protein and soy protein.
Europe continues to strengthen its position with regulatory support and consumer demand for sustainable, allergen-free proteins.

FAQs

1. What is the global market for pea protein?

The global pea protein isolate market was valued at USD 2.68 billion in 2024 and is projected to reach USD 6.74 billion by 2033, growing at a CAGR of 10.8%.

2. What percentage of pea protein is isolate?

Isolates generally represent the highest-purity form of pea protein, with protein content above 85%. This segment dominates the market due to its superior nutritional profile compared to concentrates and other forms.

3. Is there a difference between pea protein and pea protein isolate?

Yes. Pea protein refers broadly to protein extracted from peas, while pea protein isolate is a more refined form containing higher protein content (typically >85%), with reduced starches, fibers, and fats.

4. Is there a shortage of pea protein?

While global demand is increasing rapidly, supply chain challenges and agricultural fluctuations can create short-term shortages. However, new production facilities,

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Monday, August 11, 2025

Functional Chewing Gums Market Size Expected to Reach USD 4.61 Billion by 2033, Growing at a CAGR of 8.7% | Straits Research

For more information and to download a free sample report, visit:Straits Research Functional Chewing Gums Market Report

August 2025 — The global Functional Chewing Gums Market is poised for significant growth, with its size projected to expand from USD 2.36 billion in 2025 to USD 4.61 billion by 2033, at a robust CAGR of 8.7% during the forecast period (2025-2033), according to Straits Research.

How Big Is the Functional Chewing Gum Market?

The functional chewing gum market is growing rapidly, driven by increasing health awareness and demand for gums offering benefits beyond traditional confectionery enjoyment. From USD 2.17 billion in 2024, it is forecasted to more than double in value by 2033, reflecting growing consumer interest in smoking cessation, oral health, and wellness-focused products.

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Who Is the Target Market for Functional Chewing Gums?

The primary target consumers include:

Smokers and those seeking smoking cessation aids, who use nicotine gums as part of Nicotine Replacement Therapy (NRT).
Health-conscious individuals aiming to improve oral hygiene through sugar-free, vitamin-fortified gums.
Fitness enthusiasts and wellness seekers interested in gums that boost energy, memory, and reduce stress.
Working professionals and millennials who prefer convenient, on-the-go health supplements in gum form.

What Is the Market Size of Chewing Gum Overall?

While the functional segment is valued at over USD 2 billion and growing, the broader chewing gum market—including conventional gums—remains significantly larger globally, driven by its wide consumer base and everyday usage. Functional gums are a fast-growing niche with expanding opportunities.

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Is the Chewing Gum Business Profitable?

Yes, the chewing gum industry is profitable, especially for companies that innovate with functional benefits and target health-conscious consumers. Profitability is enhanced by:

Product diversification (e.g., sugar-free, nicotine gums, fortified gums)
Strong distribution channels like convenience stores and supermarkets
Increasing consumer demand for wellness products
Growing online sales and brand loyalty

However, challenges such as health concerns over excessive chewing and artificial sweeteners must be managed carefully to sustain growth.

Product Segmentation

The market segments include:

Smoking Cessation (dominant segment, CAGR 8.3%) — Nicotine gums help reduce withdrawal symptoms during quitting.
Oral Health — Sugar-free gums boost saliva flow, fight bad breath, and neutralize plaque acids.
Fitness and Well-being — Functional gums enriched with vitamins and nutrients support overall health.
Others — Specialized gums catering to niche health needs.

Distribution Channels

Convenience Stores lead in market share, offering accessibility and competitive pricing.
Hypermarkets and Supermarkets provide a broad selection and customer experience.
Online sales are growing, offering convenience and wider reach.

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Key Players

AB Natural Base SA CV
GlaxoSmithKline plc.
CAFOSA
Gumlink Confectionery Company A/S
Lotte Confectionery Co., Ltd.
MedCBDX
Hager & Werken GmbH & Co. KG
Mondelēz International
Peppersmith
Rev Gum

Regional Market Insights

North America leads due to lifestyle-related diseases and health trends, with a CAGR of 8.2%.
Europe follows with 8.5% CAGR, propelled by functional food research and consumer education.
Asia-Pacific is growing due to rising disposable incomes and health awareness.
Other regions like the Middle East, Africa, and Latin America show promising growth driven by increased health consciousness.

About Straits Research:

Straits Research is a trusted global market intelligence firm providing deep insights, strategic analysis, and comprehensive reports across diverse industries. Their expertise helps businesses make informed decisions and stay ahead in competitive markets.

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