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Published On: Feb 10, 2025

Conjugated Linoleic Acid (CLA) Industry Research Report 2025

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Summary
CLA (short for "Conjugated Linoleic Acid") is a fatty acid that belongs to the latter group. CLA is actually one of the most popular weight loss supplements in the world, and some believe that it can have other health benefits as well.
According to APO Research, The global Conjugated Linoleic Acid (CLA) market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.
North American market for Conjugated Linoleic Acid (CLA) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Asia-Pacific market for Conjugated Linoleic Acid (CLA) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for Conjugated Linoleic Acid (CLA) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Conjugated Linoleic Acid (CLA) include etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Conjugated Linoleic Acid (CLA), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Conjugated Linoleic Acid (CLA).
The report will help the Conjugated Linoleic Acid (CLA) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
The Conjugated Linoleic Acid (CLA) market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Conjugated Linoleic Acid (CLA) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
Conjugated Linoleic Acid (CLA) Segment by Company
BASF
Eastman
Stepan (Lipid Nutrition)
Qingdao Aohai
INNOBIO
Penglai Marine
Conjugated Linoleic Acid (CLA) Segment by Content
0.8
0.95
Others
Conjugated Linoleic Acid (CLA) Segment by Application
Dietary Supplement
Food and Beverage
Pharmaceutical
Animal Feed
Others
Conjugated Linoleic Acid (CLA) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Conjugated Linoleic Acid (CLA) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Conjugated Linoleic Acid (CLA) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Conjugated Linoleic Acid (CLA).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Conjugated Linoleic Acid (CLA) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Conjugated Linoleic Acid (CLA) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Conjugated Linoleic Acid (CLA) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by content, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
Table 1:Secondary Sources
Table 2:Primary Sources
Table 3:Market Value Comparison by Content (2020 VS 2024 VS 2031) & (US$ Million)
Table 4:Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
Table 5:Global Conjugated Linoleic Acid (CLA) Production by Manufacturers (MT) & (2020-2025)
Table 6:Global Conjugated Linoleic Acid (CLA) Production Market Share by Manufacturers
Table 7:Global Conjugated Linoleic Acid (CLA) Production Value by Manufacturers (US$ Million) & (2020-2025)
Table 8:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Manufacturers (2020-2025)
Table 9:Global Conjugated Linoleic Acid (CLA) Average Price (USD/MT) of Manufacturers (2020-2025)
Table 10:Global Conjugated Linoleic Acid (CLA) Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
Table 11:Global Conjugated Linoleic Acid (CLA) Key Manufacturers, Manufacturing Sites & Headquarters
Table 12:Global Conjugated Linoleic Acid (CLA) Manufacturers, Product Type & Application
Table 13:Global Conjugated Linoleic Acid (CLA) Manufacturers Established Date
Table 14:Global Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 15:Global Conjugated Linoleic Acid (CLA) by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value of 2024)
Table 16:Manufacturers Mergers & Acquisitions, Expansion Plans
Table 17:BASF Company Information
Table 18:BASF Business Overview
Table 19:BASF Conjugated Linoleic Acid (CLA) Production (MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 20:BASF Conjugated Linoleic Acid (CLA) Product Portfolio
Table 21:BASF Recent Development
Table 22:Eastman Company Information
Table 23:Eastman Business Overview
Table 24:Eastman Conjugated Linoleic Acid (CLA) Production (MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 25:Eastman Conjugated Linoleic Acid (CLA) Product Portfolio
Table 26:Eastman Recent Development
Table 27:Stepan (Lipid Nutrition) Company Information
Table 28:Stepan (Lipid Nutrition) Business Overview
Table 29:Stepan (Lipid Nutrition) Conjugated Linoleic Acid (CLA) Production (MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 30:Stepan (Lipid Nutrition) Conjugated Linoleic Acid (CLA) Product Portfolio
Table 31:Stepan (Lipid Nutrition) Recent Development
Table 32:Qingdao Aohai Company Information
Table 33:Qingdao Aohai Business Overview
Table 34:Qingdao Aohai Conjugated Linoleic Acid (CLA) Production (MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 35:Qingdao Aohai Conjugated Linoleic Acid (CLA) Product Portfolio
Table 36:Qingdao Aohai Recent Development
Table 37:INNOBIO Company Information
Table 38:INNOBIO Business Overview
Table 39:INNOBIO Conjugated Linoleic Acid (CLA) Production (MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 40:INNOBIO Conjugated Linoleic Acid (CLA) Product Portfolio
Table 41:INNOBIO Recent Development
Table 42:Penglai Marine Company Information
Table 43:Penglai Marine Business Overview
Table 44:Penglai Marine Conjugated Linoleic Acid (CLA) Production (MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 45:Penglai Marine Conjugated Linoleic Acid (CLA) Product Portfolio
Table 46:Penglai Marine Recent Development
Table 47:Global Conjugated Linoleic Acid (CLA) Production Comparison by Region: 2020 VS 2024 VS 2031 (MT)
Table 48:Global Conjugated Linoleic Acid (CLA) Production by Region (2020-2025) & (MT)
Table 49:Global Conjugated Linoleic Acid (CLA) Production Market Share by Region (2020-2025)
Table 50:Global Conjugated Linoleic Acid (CLA) Production Forecast by Region (2026-2031) & (MT)
Table 51:Global Conjugated Linoleic Acid (CLA) Production Market Share Forecast by Region (2026-2031)
Table 52:Global Conjugated Linoleic Acid (CLA) Production Value Comparison by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 53:Global Conjugated Linoleic Acid (CLA) Production Value by Region (2020-2025) & (US$ Million)
Table 54:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Region (2020-2025)
Table 55:Global Conjugated Linoleic Acid (CLA) Production Value Forecast by Region (2026-2031) & (US$ Million)
Table 56:Global Conjugated Linoleic Acid (CLA) Market Average Price (USD/MT) by Region (2020-2025)
Table 57:Global Conjugated Linoleic Acid (CLA) Market Average Price (USD/MT) by Region (2026-2031)
Table 58:Global Conjugated Linoleic Acid (CLA) Consumption Comparison by Region: 2020 VS 2024 VS 2031 (MT)
Table 59:Global Conjugated Linoleic Acid (CLA) Consumption by Region (2020-2025) & (MT)
Table 60:Global Conjugated Linoleic Acid (CLA) Consumption Market Share by Region (2020-2025)
Table 61:Global Conjugated Linoleic Acid (CLA) Forecasted Consumption by Region (2026-2031) & (MT)
Table 62:Global Conjugated Linoleic Acid (CLA) Forecasted Consumption Market Share by Region (2026-2031)
Table 63:North America Conjugated Linoleic Acid (CLA) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 64:North America Conjugated Linoleic Acid (CLA) Consumption by Country (2020-2025) & (MT)
Table 65:North America Conjugated Linoleic Acid (CLA) Consumption by Country (2026-2031) & (MT)
Table 66:Europe Conjugated Linoleic Acid (CLA) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 67:Europe Conjugated Linoleic Acid (CLA) Consumption by Country (2020-2025) & (MT)
Table 68:Europe Conjugated Linoleic Acid (CLA) Consumption by Country (2026-2031) & (MT)
Table 69:Asia Pacific Conjugated Linoleic Acid (CLA) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 70:Asia Pacific Conjugated Linoleic Acid (CLA) Consumption by Country (2020-2025) & (MT)
Table 71:Asia Pacific Conjugated Linoleic Acid (CLA) Consumption by Country (2026-2031) & (MT)
Table 72:South America, Middle East & Africa Conjugated Linoleic Acid (CLA) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 73:South America, Middle East & Africa Conjugated Linoleic Acid (CLA) Consumption by Country (2020-2025) & (MT)
Table 74:South America, Middle East & Africa Conjugated Linoleic Acid (CLA) Consumption by Country (2026-2031) & (MT)
Table 75:Global Conjugated Linoleic Acid (CLA) Production by Content (2020-2025) & (MT)
Table 76:Global Conjugated Linoleic Acid (CLA) Production by Content (2026-2031) & (MT)
Table 77:Global Conjugated Linoleic Acid (CLA) Production Market Share by Content (2020-2025)
Table 78:Global Conjugated Linoleic Acid (CLA) Production Market Share by Content (2026-2031)
Table 79:Global Conjugated Linoleic Acid (CLA) Production Value by Content (2020-2025) & (US$ Million)
Table 80:Global Conjugated Linoleic Acid (CLA) Production Value by Content (2026-2031) & (US$ Million)
Table 81:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Content (2020-2025)
Table 82:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Content (2026-2031)
Table 83:Global Conjugated Linoleic Acid (CLA) Price by Content (2020-2025) & (USD/MT)
Table 84:Global Conjugated Linoleic Acid (CLA) Price by Content (2026-2031) & (USD/MT)
Table 85:Global Conjugated Linoleic Acid (CLA) Production by Application (2020-2025) & (MT)
Table 86:Global Conjugated Linoleic Acid (CLA) Production by Application (2026-2031) & (MT)
Table 87:Global Conjugated Linoleic Acid (CLA) Production Market Share by Application (2020-2025)
Table 88:Global Conjugated Linoleic Acid (CLA) Production Market Share by Application (2026-2031)
Table 89:Global Conjugated Linoleic Acid (CLA) Production Value by Application (2020-2025) & (US$ Million)
Table 90:Global Conjugated Linoleic Acid (CLA) Production Value by Application (2026-2031) & (US$ Million)
Table 91:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Application (2020-2025)
Table 92:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Application (2026-2031)
Table 93:Global Conjugated Linoleic Acid (CLA) Price by Application (2020-2025) & (USD/MT)
Table 94:Global Conjugated Linoleic Acid (CLA) Price by Application (2026-2031) & (USD/MT)
Table 95:Key Raw Materials
Table 96:Raw Materials Key Suppliers
Table 97:Conjugated Linoleic Acid (CLA) Distributors List
Table 98:Conjugated Linoleic Acid (CLA) Customers List
Table 99:Conjugated Linoleic Acid (CLA) Industry Trends
Table 100:Conjugated Linoleic Acid (CLA) Industry Drivers
Table 101:Conjugated Linoleic Acid (CLA) Industry Restraints
Table 102:Authors List of This Report
Figure 1:Research Methodology
Figure 2:Research Process
Figure 3:Key Executives Interviewed
Figure 4:Conjugated Linoleic Acid (CLA) Product Image
Figure 5:Market Value Comparison by Content (2020 VS 2024 VS 2031) & (US$ Million)
Figure 6:0.8 Product Image
Figure 7:0.95 Product Image
Figure 8:Others Product Image
Figure 9:Dietary Supplement Product Image
Figure 10:Food and Beverage Product Image
Figure 11:Pharmaceutical Product Image
Figure 12:Animal Feed Product Image
Figure 13:Others Product Image
Figure 14:Global Conjugated Linoleic Acid (CLA) Production Value (US$ Million), 2020 VS 2024 VS 2031
Figure 15:Global Conjugated Linoleic Acid (CLA) Production Value (2020-2031) & (US$ Million)
Figure 16:Global Conjugated Linoleic Acid (CLA) Production Capacity (2020-2031) & (MT)
Figure 17:Global Conjugated Linoleic Acid (CLA) Production (2020-2031) & (MT)
Figure 18:Global Conjugated Linoleic Acid (CLA) Average Price (USD/MT) & (2020-2031)
Figure 19:Global Conjugated Linoleic Acid (CLA) Key Manufacturers, Manufacturing Sites & Headquarters
Figure 20:Global Top 5 and 10 Conjugated Linoleic Acid (CLA) Players Market Share by Production Value in 2024
Figure 21:Manufacturers Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 22:Global Conjugated Linoleic Acid (CLA) Production Comparison by Region: 2020 VS 2024 VS 2031 (MT)
Figure 23:Global Conjugated Linoleic Acid (CLA) Production Market Share by Region: 2020 VS 2024 VS 2031
Figure 24:Global Conjugated Linoleic Acid (CLA) Production Value Comparison by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 25:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Region: 2020 VS 2024 VS 2031
Figure 26:North America Conjugated Linoleic Acid (CLA) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 27:Europe Conjugated Linoleic Acid (CLA) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 28:China Conjugated Linoleic Acid (CLA) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 29:Japan Conjugated Linoleic Acid (CLA) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 30:Global Conjugated Linoleic Acid (CLA) Consumption Comparison by Region: 2020 VS 2024 VS 2031 (MT)
Figure 31:Global Conjugated Linoleic Acid (CLA) Consumption Market Share by Region: 2020 VS 2024 VS 2031
Figure 32:North America Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 33:North America Conjugated Linoleic Acid (CLA) Consumption Market Share by Country (2020-2031)
Figure 34:United States Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 35:United States Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 36:Canada Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 37:Mexico Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 38:Europe Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 39:Europe Conjugated Linoleic Acid (CLA) Consumption Market Share by Country (2020-2031)
Figure 40:Germany Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 41:France Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 42:U.K. Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 43:Italy Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 44:Russia Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 45:Spain Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 46:Netherlands Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 47:Switzerland Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 48:Sweden Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 49:Poland Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 50:Asia Pacific Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 51:Asia Pacific Conjugated Linoleic Acid (CLA) Consumption Market Share by Country (2020-2031)
Figure 52:China Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 53:Japan Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 54:South Korea Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 55:India Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 56:Australia Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 57:Taiwan Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 58:Southeast Asia Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 59:South America, Middle East & Africa Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 60:South America, Middle East & Africa Conjugated Linoleic Acid (CLA) Consumption Market Share by Country (2020-2031)
Figure 61:Brazil Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 62:Argentina Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 63:Chile Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 64:Turkey Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 65:GCC Countries Conjugated Linoleic Acid (CLA) Consumption and Growth Rate (2020-2031) & (MT)
Figure 66:Global Conjugated Linoleic Acid (CLA) Production Market Share by Content (2020-2031)
Figure 67:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Content (2020-2031)
Figure 68:Global Conjugated Linoleic Acid (CLA) Price (USD/MT) by Content (2020-2031)
Figure 69:Global Conjugated Linoleic Acid (CLA) Production Market Share by Application (2020-2031)
Figure 70:Global Conjugated Linoleic Acid (CLA) Production Value Market Share by Application (2020-2031)
Figure 71:Global Conjugated Linoleic Acid (CLA) Price (USD/MT) by Application (2020-2031)
Figure 72:Conjugated Linoleic Acid (CLA) Value Chain
Figure 73:Conjugated Linoleic Acid (CLA) Production Mode & Process
Figure 74:Direct Comparison with Distribution Share
Figure 75:Distributors Profiles
Figure 76:Conjugated Linoleic Acid (CLA) Industry Opportunities and Challenges

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Conjugated Linoleic Acid (CLA) Industry Research Report 2025

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