Fastest Declining Industries in Global by Revenue Growth (%) in 2025

• 1. Global Sugar Manufacturing

  2025 Revenue Growth: -21.7%

  Global sugar manufacturers have endured fluctuations in global sugar prices over the five years to 2025. Nonetheless, global sugar manufacturers' revenue is anticipated to strengthen at a CAGR of 2.9% to $82.0 billion over the five years to 2025, despite a drop of 23.5% in 2025.

  Brazil is very influential in the industry's health. The country produces and exports the most sugar of any nation and is also the second-largest producer of ethanol, which is often produced from sugarcane. As ...

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• 2. Global Iron Ore Mining

  2025 Revenue Growth: -7.1%

  Iron ore miners are facing a turbulent period marked by significant shifts in global steel production dynamics. The Chinese government's mandate in 2021 to reduce steel production growth and a sluggish property sector have led to challenges for iron ore miners. Despite some increased steel output from countries like India, which is boosting its steel production through major infrastructure projects, global miners are still grappling with inconsistent demand and fluctuating prices. Early 2025 ...

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• 3. Global Oil & Gas Exploration & Production

  2025 Revenue Growth: -5.1%

  Global oil and gas production companies have gone through significant turbulence for most of the period. Revenue started off in a downturn amid the pandemic and its accompanying lockdowns, primarily the industry's largest market, the transportation sector, was limited. This was quickly reversed as the economy opened and supply outpaced demand, causing prices to skyrocket. High prices, accompanied by swelling production, led to surging revenue. This was further amplified by Russia's invasion o...

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• 4. Global Coal Mining

  2025 Revenue Growth: -3.0%

  Coal mined by global coal mining companies has played a vital role in the world's ability to generate electricity and manufacture steel. Coal's position in global electricity markets stems from its relative accessibility, affordability and distribution across the globe. China, Indonesia, the United States and India are the world's largest coal producers. These countries are expected to retain their positions in the foreseeable future. The period started off shaky since it was the start of the...

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• 5. Global Milk & Cream Manufacturing

  2025 Revenue Growth: -1.5%

  Global dairy producers are in the throes of transformation, witnessing a shift driven by changing consumer preferences and technological advancements. A significant trend has emerged with the growing demand for plant-based milk alternatives, sparking challenges for traditional dairy producers. The global plant-based milk market is booming and companies like Danone and Nestlé are expanding into this dynamic market segment. Meanwhile, the average global producer enjoys a more stable milk price ...

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• 6. Global Commercial Printing

  2025 Revenue Growth: -1.5%

  The global commercial printing industry, traditionally reliant on products like books, magazines, newspapers and advertising inserts, has faced declining revenue in recent years, largely because of digital competition. The rise of digital media has shifted both consumer attention and advertising budgets away from print. This transition, coupled with the impact of COVID-19, caused significant revenue drops as businesses reduced demand for print services. Although some recovery was seen as econ...

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• 7. Global Military Shipbuilding & Submarines

  2025 Revenue Growth: -1.2%

  Over the past five years, the industry has grown because of large-scale government investments in advanced destroyers, aircraft carriers and nuclear-powered submarines. Countries including the United States, United Kingdom, Australia and Japan have prioritized replacing aging vessels and adopting new stealth technologies. Acquisition programs integrating naval missile defense and unmanned systems have shaped industry output, especially with increased spending on Virginia-class submarine upgra...

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• 8. Global Investment Banking & Brokerage

  2025 Revenue Growth: -0.5%

  Investment bankers and brokers are expected to perform well throughout 2024. The industry has grown at a CAGR of 3.9% to $379.9 billion over the past five years, including an anticipated decrease of 1.7% in 2024 alone, with profit falling to 31.7% of revenue in the current years. Revenue from the industry's debt and equity underwriting segments increased drastically over 2020 and 2021 as companies and governments needed to raise cash quickly. Also, the industry encountered greater demand from...

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• 9. Global Insurance Brokers & Agencies

  2025 Revenue Growth: -0.3%

  Insurance brokers and agencies worldwide have displayed remarkable resilience and adaptability in recent years, navigating a volatile macroeconomic landscape shaped by factors such as natural disasters, economic fluctuations and regulatory changes. Brokers and agents, who earn commissions tied to insurance policy premiums, play an essential role in helping consumers and businesses manage risk. The increased incidence of environmental hazards such as floods and wildfires has boosted demand for...

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• 10. Global Music Production and Distribution

  2025 Revenue Growth: 0.3%

  Digital music has ultimately shifted how artists engage with fans, a transition that has had major implications for global music producers and distributors. Digital sales have plummeted as subscriptions to streaming platforms that provide massive libraries of albums surge. Physical sales have declined considerably as a share of revenue because of explosive growth from streaming royalties. This pivot toward online music streaming platforms has not only revitalized the industry but also leveled...

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