Snapshots That Wow!

The rise of an oxymoron- vegan ice cream!

The global vegan ice-cream market was valued at USD 789.1 million in 2023. It is expected to grow annually at a CAGR of 10.80% from 2024 to 2032. The coconut milk segment is expected to command the largest market share and North America is projected to dominate the global market during the forecast period.

Source: Zion Global Research

The dragon knows what’s rare and precious!

Dysprosium, Terbium, Lutetium those of four other rare earth metals, which gain increasing importance in the global trade war. China added the seven niche metals, vital for making products such as nuclear reactor rods and fighter planes, to its export control list in response to US tariffs. The US has limited processing ability for these metals and relies heavily on China, which dominates mining and refining capacity.

Source: Bloomberg

BSES to BESS, the power sector has come a long way!

Battery Energy Storage Systems (BESS) can help fill the need for non intermittent energy power generation and alleviate grid connection barriers by increasing the capacity utilisation of existing intermittent sources of power like solar and wind. Since 2015, battery costs have dropped by 50%, while their efficiency has doubled. The energy storage sector is projected to expand tenfold by 2035.

Source: Bridgewater Associates

And you thought tech was asset light?

On a base of steep 91% jump to $12bn quarterly capex, Alphabet spent another $17.2bn in capex in Q1 of 2025. Time to updated the Y2K textbooks claiming lean/ asset light nature of tech?

Source: Alphabet’s Earnings Presentation

Truckload of EVs!

Volvo, the swedish commercial vehicle manufacturer is going electric at a rapid pace. Of the 48K units sold in Q1, 2030 were EVs. There goes the myth that EVs won’t see much acceptance in the commercial vehicle space.

Source: Volvo Investor Relations

Ghibli can no longer have the color green

“AI boosts data centre demand, needing far more compute. Global AI market may exceed USD300bn by 2027. Hyperscale data centre capacity will triple by 2030 driven by cloud and AI.” And all of this comes at a cost- with video AI consuming 10000x the amount of energy required for a simple google search.

Source: Ambit Capital