The Global Functional Apparel Market is forecasted to grow at a rate of 7.3% from USD 305.52 billion in 2019 to USD 519.04 billion in 2027. Increasing demand for high-performance, application-specific apparel, and footwear combined with increased interest in sports and recreational activities is accelerating the growth of the industry. The segment of sportswear dominated the global market and accounted for a 30.2% share in 2019. This section covers technical clothing and armatures. The growth is attributed to a high sportswear inclination among individuals during the daily workout session. Activewear products are projected to rise from 2019 to 2027 at the highest CAGR of 7.6%. New product concepts are also expected to fuel the demand for activewear apparel items according to the current fashion trends and provide a better style statement for the individuals.

The Global Rice Noodles Market size was USD 3.96 Billion in 2021 and is expected to register a revenue CAGR of 14.1% during the forecast period. Increasing demand for gluten-free products and growing popularity of ready-to-cook and instant food are factors expected to drive market revenue growth during the forecast period. In addition, many consumers have become highly health-conscious in recent years. The growing demand for nutritious food among a huge section of the worldwide population is expected to boost rice noodles market.

The Global Cameras And Accessories Market size was USD 3.04 Billion in 2021 and is expected to register a revenue CAGR of 13.1% over the forecast period. Increasing demand for high-end Digital Single Lens Reflex (DSLR), action cameras for professional photography, and vlogging is driving the market revenue growth. Vlogging and professional photography are becoming a popular trend and standalone camera types such as DSLR, mirrorless cameras, and action cameras are generating high demand for meeting consumer demand for photographers and vloggers.

The Global Tequila Market size was USD 9.36 Billion in 2020 and is expected to register a CAGR of 5.4% during the forecast period. Steady market revenue growth of tequila can be attributed to surging demand for premium alcoholic beverages. In the U.S., increasing consumer preference for premium alcohol is a major factor driving demand for spirits, such as tequila. Increasing requirement for authentic tequila with diverse flavors, as well as rising inclination for innovative and quality products by millennials is pushing market players to include wide variety of products to meet demand of diverse consumer tastes.

The Global Diamond Market is forecasted to grow at a rate of 3.1 % from USD 90.20 billion in 2019 to USD 113.63 billion in 2027. The revival of the construction sector in developed economies such that North America and the rapid increase in the industrial and construction applications in emerging Asia-Pacific economies are expected to be the main drivers of the Diamond market.

The Audio Book Market is projected to grow at a rate of 27.0% in terms of value, from 2019 to reach USD 19.39 billion by 2027. The global audiobook market is currently observing an enormous growth as many consumers are being inclined to listen to the audible version of books, novels, poetry of different genres.

The Global Kraft Paper Market is expected to reach a value of USD 22.38 Billion in 2028 from USD 17 Billion in 2020, and register a CAGR of 3.5% over the forecast period. This steady market revenue growth is attributable to rising demand for sustainable and recyclable materials for packaging from various end-use industries.

The Global Metal Fabrication Market size was USD 17.42 Billion in 2021 and is expected to register a revenue CAGR of 3.2% during the forecast period. Rapid implementation of advanced technologies in metal fabrication and increasing adoption of metal fabrication for heat resistance and high durability are factors expected to drive market revenue growth during the forecast period.

Global Artificial Intelligence (AI) in healthcare market size reached USD 7 Billion in 2021 and is expected to register a revenue CAGR of 46.7% during the forecast period. Market revenue growth is expected to be driven by factors such as rising demand for IT services and AI-driven solutions from the healthcare sector and increasing investment to modernize the overall healthcare system using state-of-art technologies in various countries.

The global Recycled Plastics market was valued at USD 46.05 Billion in 2020 and is expected to reach USD 75.57 Billion by year 2028, at a CAGR of 6.3%. Recycled plastics are resins that are manufactured by reusing waste plastic products. They are produced by recovering plastic scraps and wastes and then reprocessing them into useful products. It can be defined as the process of cleaning, sorting and processing pre-consumer or post-consumer plastic wastes into resins for various applications.

The global metaverse market size was USD 48.12 Billion in 2020 and is expected to register a revenue CAGR of 44.1% during the forecast period. Rising demand for virtual assets, increasing usage of Non-Fungible Tokens (NFTs) to trade digital assets, growing focus on developing metaverse platforms for diverse applications by tech giants, and rapid development of Decentralized Finance (DeFi) applications are among some of the key factors expected to continue to drive market revenue growth during the forecast period.

Metaverse Market Size, Share & Trends 2030 | Reports and Data

The Automatic Lensmeter Market report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.