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According to the Brazil Beer Market Overview, 2028 report by Bonafide Research, the Brazilian beer market is expected to grow at a compound annual growth rate (CAGR) exceeding 4.83% from 2023 to 2028. The growth forecast presents significant opportunities for Ambev S.A. to enhance its market share and profitability.

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According to Bonafide Research, a market research and consulting company, skateboarding is the sixth most popular sport in the world, and as many as 23,000 can be found in different countries. skate parks.

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The global whisky category is forecast to increase in value by $88.85 billion by 2028, the Global Whisky Market Overview, 2023-28, by Bonafide Research reported. According to its research, the sector is on track to reach $127.53 billion by 2028, a compound annual growth rate increase of 6.34% since 2022, with Asia-Pacific noted as a prominent region for the category’s consumption growth. 

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Using IoT sensors and smart technologies to minimize energy usage, improve security, and increase resident comfort, the UAE is leading the way in the development of smart buildings. As per Bonafide Research, IoT-based devices help to regulate several facets of the operational efficiency of buildings, HVAC systems, and lighting in the UAE. This integration of smart technology helps to create a smarter urban environment and fits UAE’s vision of a tech-driven future.

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Using IoT sensors and smart technologies to minimize energy usage, improve security, and increase resident comfort, the UAE is leading the way in the development of smart buildings. As per Bonafide Research, IoT-based devices help to regulate several facets of the operational efficiency of buildings, HVAC systems, and lighting in the UAE. This integration of smart technology helps to create a smarter urban environment and fits UAE’s vision of a tech-driven future.

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In 2023, the value of China’s weight management market reached approximately RMB 618.54 billion (US$792.43), marking a 14.4 percent increase from RMB 540.46 billion (US$74.33 billion) in 2022.

This expansion is projected to continue, with the market anticipated to add more than US$9 billion from 2024 to 2029, according to a report by Bonafide Research.

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The wearable technology market in the UAE reflects the nation's tech-savvy culture, positioning it as a key player in the Middle East's technological landscape. The popularity of wearable gadgets like fitness trackers, smartwatches, and augmented reality (AR) glasses has surged in recent years, bolstered by advancements in battery life, integration of 5G technology, and enhanced health monitoring capabilities. With one of the world's highest GDP per capita rates, the UAE's affluent population demonstrates a strong inclination towards purchasing high-end wearable technology, particularly luxury items such as AR devices and premium smartwatches.

According to the ‘United Arab Emirates Wearable Technology Market Overview, 2028’ report by Bonafide Research, the UAE wearable technology market exceeded $280 million in value in 2022. The country's popularity as a travel destination further fuels this market, attracting tech-savvy tourists eager to acquire cutting-edge devices. This demand not only caters to affluent locals but also enhances the availability of upscale wearables tailored to both functional and aesthetic preferences. In the UAE, wearables are increasingly seen not just as practical tools but as fashionable accessories that reflect personal style.

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In recent years, the UAE has witnessed a significant shift in dietary habits, spurred by an increasing awareness of health and well-being. This change is particularly evident in the burgeoning probiotics market, which is expected to grow by $77.64 million from 2023 to 2028, according to the research report ‘UAE Probiotics Market Overview, 2028’ by Bonafide Research.

The surge in popularity of probiotics can be attributed to several factors, including changing eating patterns and a rise in chronic diseases. As more people seek to improve their health through diet, the inclusion of probiotics has become a common practice.

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Nowadays, people are increasingly interested in eating healthy foods as part of their regular diet. Fruit juice is an outstanding choice thanks to its nutritional contribution, variety, and versatility. Learn more about this trend.

ABC of the fruit juice market

In 2023, this market had a global value of $153.9 billion. The projection is to reach $216.6 billion by 2032, with a compound annual growth rate of 3.9% (IMARC Group, 2024).

Essentially, health-focused lifestyles are the main driver behind the growth of products like fruit juice, as they are rich in vitamins, minerals, and antioxidants. Since they are of natural origin, they are perceived as healthier than soft drinks and carbonated beverages (Bonafide Research, 2023).

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People all over the world have become extremely tech smart nowadays. Innovations in AI and IoT have the potential to disrupt practically every aspect of our lives, and now it looks like they can do the same to our homes as well. From sliding your curtains to checking who is at your door to warming up your microwave, everything is just a click or voice command away.

According to various market research platforms, this growth is going to escalate. A recent report by Bonafide Research says that the smart home market in India grew at a CAGR of over 38 per cent, with a Rs 2,800 crore market size in 2021-22. While ResearchandMarkets data states that the market is going to grow at a double-digit CAGR of 15.62 per cent from 2021 to 2027. 

Between 2023 to 2027, the revenue of India’s smart home market is predicted to climb by a total of 1,844.1 million US dollars (+36.81 per cent). Following the fourth consecutive year of growth, sales are expected to reach 6.9 billion US dollars, reaching a new high in 2027.

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The Singapore government announced its environmental action plan, the Singapore Green Plan 2030, in February 2021. It aims to have all registered vehicles in the country run on clean energy by 2040. Accordingly, the introduction of electric and hybrid vehicles is also being promoted rapidly.

However, internal combustion engine vehicles still dominate the used car market, and Singapore's used car market is expected to grow to more than US$700 million (US$958 billion) between 2024 and 2029, according to a report by Bonafide Research.

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While the conflict between Ukraine and Russia intensifies on one front and tensions simmer between the two countries, on the flip side, Russians are cooling off with a scoop of comfort – thanks to a record-breaking spree of ice cream production!

While the conflict rages on one side, the demand for ice cream in Russia is skyrocketing on the other. According to ‘The Center for Research in Perspective Technologies’ (CRPT) report – Russia’s ice cream production shot up by a whopping 12% in the first four months of 2024 alone! That’s 110 million kilograms of frozen bliss. Imports are holding steady, too – about 3 million kilograms of ice cream keep waltzing into the country every quarter.

Key players in the Russian ice cream market, such as Iceberry (known for brands like Plombir Vologda, Filevskoye, and Pearl of Russia), Renna Group, and Unilever, including R&R Ice Cream, a British manufacturer, continue to dominate the industry, as outlined in the ‘Russia Ice Cream Market Overview’ by Bonafide Research in January 2024.

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The global millets market is valued at US$ 14.22 billion in 2023. It is projected to reach US$ 23.83 billion by 2033, growing at a CAGR of 5.3% during the forecast period, according to the FactMR report.

The Indian millets market was valued at US$ 5.05 billion in 2022, according to the research report ‘Indian Millets Market Overview’ published by Bonafide Research. In March 2021, UNGA (United Nations General Assembly) recognized 2023 as the International Year of Millets, with 72 countries supporting India’s request.

Millets were among the first crops cultivated for food, as documented in 3000 BC during the Indus Valley civilization. Indian millets are a group of nutritiously rich, drought-tolerant crops, mostly grown in the arid and semi-arid regions of India. They are small-seeded grasses belonging to the botanical family Poaceae. They constitute an important source of food and fodder for millions of resource-poor farmers and play a vital role in the ecological and economic security of India.

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There are many more homes with the Internet, the generation gap in the use of mobile devices has been reduced and solutions such as video surveillance cameras for homes, smart locks, video access systems and other home devices, which are also easy to use, install and accessible in price, have entered the daily lives of Argentines .

According to the report "Argentina Smart Home Market Overview 2028", published by Bonafide Research, the Smart Homes market in Argentina was valued at more than 300 million dollars in 2022, and since the post-pandemic, experts predict an increase in the penetration of this technology in homes.

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Adoption of home automation in homes in the country has been growing significantly after the pandemic," says Marcelo Shen, country manager for Argentina at EZVIZ, a company expert in developing technology for smart homes. ?There are many more homes with the Internet, the generation gap in the use of mobile devices has been reduced and solutions such as video surveillance cameras for homes, smart locks, video access systems and other home devices, which are also easy to use, to install and accessible in price, they have entered the daily lives of Argentines. According to the report "Argentina Smart Home Market Overview 2028", published by Bonafide Research, the Smart Homes market in Argentina was valued at more than 300 million dollars in 2022, and since the post-pandemic, experts predict an increase in the penetration of this technology in homes.

The report title 'Global Battery Market Outlook, 2026' published by Bonafide Research gives a complete insight on the battery classified on basis of type (primary & secondary), technology (lead-acid, lithium-ion, nickel cadmium & nickel metal hydride), and application (automotive, industrial & portable). The overall battery market is expected to grow at a CAGR of over 8% during the forecasted period of 2021-26. Globally the secondary battery type has been an unbeatable market dominator. The number of people without access to electricity in the African region is to increase by over 600 million in 2030, despite efforts to boost electrification.

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Bonafide Research in its report titled- "Global Toy Market Outlook , 2025", attempts at analyzing the global scenarios, trends, and patterns that are shaping up this USD 110.97 Billion market in 2019. The toy market globally has spread out pretty vastly with very different patterns and consumer behaviors across regions. Few underlying phenomena are observed globally but the regional traditional and cultural significance of toys remain unchanged. In this report, Bonafide Research has segmented the industry based on age category, by product, and by distribution channel through which the toys are made available to the consumers and has been studied in the context of the regions, major countries, and market leaders.

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Latin America (LATAM) is a flourishing region, and toymakers and distributors are discovering new ways to cater to the increased demand for toys in markets like Brazil and Mexico. According to Bonafide Research, the LATAM toy industry was worth $5 billion in 2021. Further research from The NPD Group indicates that arts and crafts, dolls, R/C, and ride-on toys have remained popular in the region. Fan events like Comic Con Experience (CCXP) and trade shows such as Abrin welcomed hundreds of thousands of visitors last year to experience the latest toys, games, and entertainment properties. While the market is growing, some regions still face economic hardships and retailers are using competitive pricing and well-recognized intellectual properties (IP) to engage consumers. NPD has found that American properties like Hot Wheels, Barbie, and Marvel?s Avengers dominate store shelves and playrooms throughout LATAM. However, there is a growing demand for smaller properties that come from digital influencers, Roblox, and streaming services.

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