The home improvement industry is in a constant state of flux due to the evolving needs and desires of homeowners. From smart home technology to sustainability to DIY personalization, a variety of influential trends are reshaping the home improvement industry.

This article takes a closer look at the data behind these trends, drawing on the latest reports from several leading market research firms.

According to the International Energy Agency (IEA), in 2020, the demand for hydrogen was estimated at around 95 million tons. That's about 50% more than what IEA wanted back in the year 2000. 

The oil-refining players used about 40 million tons of hydrogen in 2020, and the chemical industry gobbled down around 45 million tons.

The survival rate of breast cancer has improved significantly over the last decade, shifting the focus of treatment towards quality of life, as opposed to simply survival. Breast cancer treatment typically consists of surgery, radiation therapy and/or medicines. A common procedure many breast cancer patients undergo is a mastectomy.

Consumers are concerned about high prices at the grocery store, but this issue is only one trend shaping the overall market landscape in 2023.

Investors and food industry players should take note of several other important food trends that have grown recently and are expected to gain further traction in the coming years, according to Food Market Outlook: Inflation, Sustainability, Convenience, & Other Food Trends by Packaged Facts, a leading market research firm and division of MarketResearch.com. The report highlights the following food trends.

In the realm of medical diagnostics, technological advancements are often the catalysts that reshape the landscape. A prime example of this phenomenon is the rapid evolution of minimal residual disease (MRD) testing, a technique used to detect and quantify the small number of cancer cells that remain in a patient's body after treatment.

The U.S. beverage industry has faced a variety of issues in recent years including increasing prices, supply concerns, and the mature nature of many beverage categories, according to the report U.S. Beverage Market Outlook 2023: Inflation, Home Delivery, Health Halos & Other Trends by Packaged Facts, a leading market research firm and division of MarketResearch.com.

Urban air mobility (UAM) is gaining traction globally as a viable transportation option. It envisions a future where a substantial portion of short-distance flights, traditionally operated by conventional airplanes, would be substituted by hybrid and electric vertical-take-off-and-landing (eVTOL) flight services such as air metro and air taxi. 

The apparel industry has gone through a significant transformation in the past few years, with the advent of new technologies, changing consumer preferences, and the impact of the COVID-19 pandemic.

In a fast-paced, ever-changing world, the consumer goods industry remains at the forefront of innovation. As technology advances and consumer preferences evolve, businesses in this sector must stay ahead of the curve to remain competitive and relevant.

The hydrogen fuel cells market will reach a value of nearly $8.2 billion in 2023, having grown at a compound annual growth rate (CAGR) of 28.8% since 2017. The market is expected to reach $31.8 billion by 2027, rising at a rate of more than 41%. The market is further expected to grow at a CAGR of above 37% from 2027 and reach $154 billion by 2032.