Sustainable Growth Opportunities in the Liquid Fertilizers Market

The report "Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potassium, and Micronutrients), Mode of Application (Soil, Foliar, and Fertigation), Major Compounds (CAN, UAN, MAP, DAP, and Potassium Nitrate), Crop Type, and Region - Global Forecast To 2025", The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach a value of USD 3.0 billion by 2025, growing at a CAGR of 4.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the liquid fertilizers market.

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The nitrogen segment is estimated to account for the largest market share, in terms of value, in 2020.

Nitrogen is one of the most-widely consumed nutrients among all the macro and microelements required for plant growth. It is used to build amino acids, which produces proteins, takes part in almost every biochemical reaction performed in a plant. Inadequate nitrogen (N) availability in the soil is a common problem that farmers often witness. Therefore, additional liquid nitrogen fertilization is used to eradicate this problem. Urea, ammonium nitrate, ammonium sulfate, and calcium nitrate are commonly available nutrient sources of liquid nitrogen. In addition, various combinations of nutrients are manufactured and used to provide nutrition to plants. Urea is one of the most commonly used sources of nitrogen.

The fertigation segment is projected to witness the fastest growth, in terms of value, in the liquid fertilizers market, on the basis of mode of application, from 2020 to 2025.

Fertigation is an agricultural technique, which includes water and fertilizer application through irrigation. This process provides an opportunity to maximize the yield and minimize environmental pollution. Moreover, through fertigation, a farmer can uniformly apply nutrients throughout the field, whenever required. This market is projected to grow due to the adoption of efficient irrigation systems globally. The fertigation method allows homogenous application of liquid fertilizers in adequate amount to the wetted zone in the root development, where most of the active roots are concentrated. This helps in enhancing the efficiency of liquid fertilizers.

The cereals & grains segment, on the basis of crop type, is estimated to account for the largest market share, in terms of value, in 2020.

The cereals & grains segment in the market comprises different crops, such as rice, wheat, corn, and maze. The production of cereals and grains vary across different regions, depending on the topography and climatic conditions. Hence, the type of fertilizers used for crop growth also varies. Due to this, the cereals and grains recorded the highest consumption of nitrogen-based fertilizers in North America. This segment is projected to witness an increase in the share of nearly 5%, which is contributed largely by the US and Canada, according to the FAO World Fertilizer Outlook in 2019.

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South America is projected to grow at the highest CAGR during the forecast period.

The market for liquid fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to by the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the liquid fertilizers market. It includes the profiles of leading companies such as Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (US), EuroChem Group (Switzerland), CF Industries Holdings, Inc.(US), OCP Group (Morocco), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Compass Minerals (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Foxfarm Soil and Fertilizer Company (California), Agro Bio Chemicals (India), Agzon Agro (India), BrandT (US), Nufarm (Australia), Plant Fuel Nutrients, LLC (US), Nutri-tech solutions (Australia) and Valagro SPA (Italy).

Sustainable Growth Opportunities in the Probiotic Ingredients Market

The report "Probiotic Ingredients Market by Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), Source (Bacteria and Yeast), Form (Dry and Liquid), End-User (Human and Animal), and Region - Global Forecast to 2023", is estimated at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, growing at a CAGR of 8.5% during the forecast period. The market is driven by factors such as the increasing popularity of probiotic dietary supplements and the participation of government bodies in the R&D of probiotics.

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The functional foods & beverages segment is estimated to account for the largest share, by application, in 2018

Based on application, the probiotic ingredients market is segmented into functional foods & beverages, pharmaceuticals, animal nutrition, and others, which include cosmetics and personal care. The functional foods & beverages segment is estimated to account for the largest share in 2018 as it is widely used in the manufacture of products such as cheese, yogurt, and other dairy products. The rising health concerns among consumers are driving the market for probiotics within this segment.

The bacteria segment, by source, is estimated to dominate the probiotic ingredients market in 2018

By source, the probiotic ingredients market is segmented into bacteria and yeast. The bacterial segment mainly consists of strains from the genus of Lactobacillus and Bifidobacterium. This segment is estimated to account for the largest share in the probiotic ingredients market in 2018. Although yeast is more stable and robust, bacteria strains have more health benefits and a large number of strains that are available within the bacteria. Due to these factors, bacteria strains continue to remain preferred over yeast.

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Asia Pacific is estimated to dominate the probiotic ingredients market in terms of value in 2018

Probiotics are gaining popularity in the Asia Pacific market particularly in the animal nutrition segment due to the growing concerns about their health and productivity. The application of probiotic strains is projected to increase due to the consumer demand for application in functional foods and pharmaceutical end products. India offers a huge potential in this region due to the increasing number of pharmaceutical companies involving themselves in the licensing and development of probiotic drugs. China’s growth in terms of sales is attributed to the growing application of probiotics in the infant formula business.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as Kerry (Ireland), DowDuPont (US), Chr. Hansen (Denmark), Biogaia (Sweden), Probi (Sweden), Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UAS Laboratories (US), and Biena (US).

Sustainable Growth Opportunities in the Plant Breeding and CRISPR Plants Market

The report "Plant Breeding and CRISPR Plants Market by Type (Conventional and Biotechnological [Hybrid, Molecular Breeding, GM, Genome Editing]), Trait (Herbicide Tolerance, Disease Resistance, and Yield Improvement), Application, and Region–Global Forecast to 2023" The plant breeding and CRISPR plants market is projected to reach USD 14.6 billion by 2023, from USD 7.6 billion in 2018, at a CAGR of 13.95% during the forecast period. The market is driven by factors such as the growing need for high-quality crops and increased yield, and rising application of plant biotechnology in the agriculture industry.

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Plant breeding techniques for the cereals & grains segment are projected to be widely researched during the forecast period.

Various countries have adopted molecular techniques such as marker-assisted selection (MAS) for plant breeding, due to the increasing demand for high yield from field and horticultural crop growers. Corn is a major crop that finds application in various industries across the world; biotechnological techniques such as hybrid and molecular breeding are increasingly adopted for corn by all plant genetic breeders. Also, the genetic data available for corn is higher, followed by wheat.

The higher adoption of genetically modified crops such as corn, wheat, and rice in the US, Brazil, and China (only imported for feed purpose) has been a major factor contributing to the growth of the cereals & grains segment in the plant breeding market.

The molecular breeding segment is projected to witness the fastest growth during the forecast period.

Since the cultivation of GM crops has been adopted in all regions except Europe, the genetic engineering technique is projected to exhibit a sluggish growth in the coming years due to strong regulatory control of its practice in many countries. This holds true for CRISPR technology as well. Though, the CRISPR technology in agriculture promised exponential growth while its emergence, regulations by Europe in line with genetic modification, affected the adoption rate of CRISPR gene editing tool. However, since the molecular breeding technique is based on molecular markers for trait selection, it is completely unregulated across the globe; hence, the segment has higher growth potential in comparison with all other breeding techniques.

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North America is estimated to dominate the market in 2018, while the Asia Pacific is projected to witness the fastest growth through 2023.

The increasing industrial value for corn and soybean in the US has been encouraging breeders to adopt advanced technologies for better yield, owing to which the adoption rate for crop genetics in this country has been high. Also, the limited regulatory control and high promotional support for intellectual property affairs in genetic technology have been extremely favorable toward the adoption of plant biotechnological tools in agriculture. Hence, North America dominated the global plant breeding market in 2017. On the other hand, there has been an ever-increasing demand for commercial seeds in the Asian market, in line with the improving economic conditions. Also, seed manufacturers such as Bayer, Monsanto, and Syngenta have been showing increasing interest in tapping this potential market, wherein the companies have been expanding their R&D centers across the Asia Pacific.

This report includes a study of development strategies of leading companies. The scope of this report includes a detailed study of major seed manufacturers that have in-house plant breeding facilities; these companies include players such as Bayer (Germany), Syngenta (Switzerland), DowDuPont (US), KWS SAAT (Germany), Limagrain (France), and DLF Trifolium (Denmark), and also major service providers, such as Eurofins (Luxembourg), SGS SA (Switzerland), Pacific Biosciences (US), Benson Hill Systems (US), Hudson River Biotechnology (US), Evogene (Israel), Bioconsortia (US), and Equinom (Israel).

Upcoming Growth Trends in the Pea Processed Ingredients Market

The report "Pea Processed Ingredients Market by Type (Pea protein (Isolates, Concentrates and Textured), Pea starch, Pea fiber, Pea Flour), Application (Food & Beverages), Source (Yellow split peas, chickpeas, and lentils), and Region - Global Forecast to 2026", pea processed ingredients includes pea protein, pea starch, pea flour, and pea fiber. The global pea processed ingredients market is expected to value at USD 3.1 billion in 2021 and is projected to reach nearly USD 5.0 billion by 2026, growing at a CAGR of 10.1% during the forecast period (2021-2026). Pea processed ingredients are used in different industries that include food and beverage industry, pet food industry, feed industry among others. Owing to the health benefits received from the pea ingredients has resulted in more popularity among customers across the globe.

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COVID-19 Impact on the global pea processed ingredients Market

COVID-19 had a huge impact on the food supply chain in all regions, including North America, Europe, Asia-Pacific, South America, and the rest of the world. Due to the spread of COVID-19, there has been a growing number of death cases and long-term health impacts. This has resulted in the government imposing severe lockdown regulations, impacting all aspects of the economy. Governments around the world have developed policies for responding to the various impacts caused by COVID-19 for avoiding supply chain disruptions, higher raw material prices, and severe economic fallout for employees. Europe and Asia Pacific are some of the major regions that are significantly impacted by the COVID-19 scenario. This is because of the huge number of cases recorded in the regions, especially in the countries such as Spain, Italy, France, Germany in Europe and Japan, China, and South Korea in Asia Pacific. Companies in different countries are coming up with innovative technologies that are friendly to the environment and protect the pea processed ingredients end user products from any kind of contamination with germs.

Restraint: High cost of extraction

Food & beverage manufacturers have been looking for more healthy and affordable alternatives for animal-based sources, thereby increasing investments in the plant-based ingredient market. Currently, soy ingredients has been dominating the plant-based ingredients space. Pea processed ingredients, due to its high extraction and processing costs and limited production, fails to lead the market for plant-based ingredients. Compared to pea, there is a greater consumer awareness about soy protein. Manufacturers have achieved economies of scale for soy-based ingredients due to their high production capacities and high demand. On the other hand, pea is a comparatively newer product, which, due to the availability of low-cost products, such as soy, is finding it difficult to dominate the plant-based alternative industry. Manufacturers are finding it difficult to sell standalone pure pea processed ingredients that fetch lower margins, which is leading to the sales of blends of pea processed ingredients.

By type, the pea protein segment is estimated to hold the largest share in the pea processed ingredients market.

The pea protein segment dominated the market in 2020 and is expected to display similar trend in the coming years. Pea protein in food with neutral taste extracted mostly from yellow peas and split peas and has a typical legume amino acid profile. While its amino acid profile is similar to whey protein. Peas are particularly high in arginine, lysine, and phenylalanine. Consumers concerned about current meat-producing processes and the trend of eating healthier are inclining consumers toward alternative proteins. Their well-balanced profile fulfills the essential amino acid requirements outlined by the World Health Organization for adults. It is highly used in smoothies and shakes in recent years and is also a great fit for almost any diet since it’s naturally vegan. It is also a great source of iron. It can aid muscle growth, weight loss, and heart health. Owing to it is functional properties, it is gaining popularity among consumers.

By source type, the yellow split peas segment is projected to grow at the fastest CAGR in the pea processed ingredients market until 2026.

The demand for yellow split peas is high owing to presence of high protein content and popularity among the food manufacturers. There is rising production of yellow peas over the years owing to the increasing demand of the same. For instance, according to the 2018 American Pulse Association Data, dry peas rank fourth in terms of the world production of food legumes below soybeans, peanuts, and dry beans. They have also reported that yellow peas and green peas, along with other minor classes, are the most commonly grown, with yellow peas accounting for approximately two-thirds of the US production. Yellow split peas are also regarded as high in fiber and is considered taste neutral thereby resulting to rising application of the same in the food and beverage products.

The increasing demand for plant based food products, in the North America region is driving the market growth

In North America, Canada is the largest dry pea-producing nation and also the largest exporter for the same in the world. However, the highest consumption of pea protein in the US, and Canada together drives significant manufacturing potential in terms of processing technology and availability of raw materials, due to the high growth potential of the pea processed ingredients market in North America. The use of meat and dairy substitutes from plants in burgers, nuggets, and many other foods is growing, which is driving the demand for pea ingredients, such as proteins, starch, and flours. According to a report published by Agri-Canada, for the year 2019-2020, dry pea production in Canada was estimated to rise by 30% to 4.7 million tonnes (Mt).

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The US is one of the largest consumers of pea ingredients in the world and is also expected to hold a strong industry outlook over the forecast period. There has been a growing awareness of the consumption of healthy foods in the region, which has resulted in people shifting to lactose-free and gluten-free protein products. The country has recorded the highest number of obese and overweight people in the world. According to the National Centre for Health Statistics (NCHS), about one-third of the US adults aged 20 and older were found obese in the year 2019.

Key Market Players:

The key players in this market include Emsland Group (Germany), DuPont (US), Kerry (Ireland), COSUCRA Groupe Warcoing SA (Belgium), Roquette Frères (France), Vestkorn Milling AS (Norway), Ingredion Incorporated (US), Axiom Foods, Inc (US), Felleskjøpet Rogaland Agder (Norway), AGT Food and Ingredients (Canada), Parrheim Foods (Canada), Puris Foods (US), Meelunie B.V (Netherlands) among others.

Sustainable Growth Opportunities in the Brewing Ingredients Market

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026", The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to grow at a CAGR of 6.8%, to reach USD 47.9 billion by 2026. The rise in global population and increasing disposable income in developing economies are creating new avenues for alcoholic beverages.

The brewing ingredients market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. Malt extract is further bifurcated into standard malt and specialty malt. Specialty malt is sub-segmented into crystal, roasted, dark, and others. Different types of beers are obtained by using different sources of brewing ingredients. For instance, roasted malt is used for producing the porter type of beer. The malt extract segment dominated the global market for brewing ingredients and accounted for a larger share in 2020. Beer additives accounted for the second-largest market share in terms of revenue in 2020.

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By source, the malt extract is expected to hold the largest share in the market, during the forecast period

Types of malt extracts differ depending on the grains that are used when making them. The production of malt extracts begins by grinding malt, followed by mashing under controlled conditions to produce various degrees of starch breakdown and resultant fermentability. This involves carefully controlling the pH and using multiple temperature steps during mashing. In the next step, the wort is separated from the spent grains in lauter tuns or mash filters. Both these methods produce high-quality worts and can be set up for high throughput, with as many as 10–14 brews per day. The further steps include boiling, trub removal, vacuum evaporation, and spray drying.

The macro brewery as a brewery size is expected to hold one of the largest shares in the brewing ingredients market, in terms of value, in 2021

On the basis of brewery size, the market is classified into macro brewery and craft brewery. Macro or large breweries are defined as breweries with annual beer production of ≥ 6 million barrels. The most popular macro breweries include Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), China Resources Snow Breweries Limited (China), and Carlsberg Group (Denmark). These breweries generally operate on a global scale, shipping their products to customers across the world. Anheuser-Busch owns the biggest brewery in the world. Large breweries usually have a large staff as well. These breweries employ staff to handle the brewing process, administrative staff, logistics of distribution, teams for marketing and finance, and every role imaginable required for a business to operate. Craft beers are perceived as healthier beers as they may offer help in lowering the rate of cardiovascular disease, improved bone density due to the presence of bone-developing elements such as silicon, lower the risk of joint issues such as arthritis, and increased high-density lipoprotein (HDL) levels which help lower cholesterol, and lower the instances of diabetes.

By form, the dry form will drive the demand for brewing ingredients, in terms of value, in 2021

Based on form, the market is categorized as dry and liquid. Dry brewing ingredients such as dry malt extract (DME) are produced the same way as liquid malt extract, except it goes through an additional dehydration step, which reduces the water content down to about 2%. Because of the lower water content, DME tends to have a better shelf life without the darkening issues of light malt extract. It offers more fermentable extract by weight. Thus, less of it is required to achieve the target gravity. Moreover, as a powder, DME is easier to measure in precise increments. With a digital scale, it can be measured out in fractions of an ounce. This makes DME a great choice for priming, supplementing beer recipes, and for making gravity adjustments.

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Asia Pacific is projected to dominate the majority market share, in the global brewing ingredients market, in terms of value, in 2021

On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. The drinking preferences of the population in this region are gradually shifting toward alcoholic culture. The large, increasing population and the growing market mean that the demand for brewing ingredients is still promising. Another factor is the densely populated areas that are not completely tapped by beer manufacturing and brewing ingredient companies. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and rising demand for craft beers are factors consequently fueling the demand for brewing ingredients market in this sector.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the brewing ingredients market. It includes the profiles of leading companies, such as Cargill, Incorporated (US), Angel Yeast Co. Ltd. (China), Boortmalt (Belgium), Malteurop Groupe (France), Rahr Corporation (US), Lallemand Inc. (Canada), Viking Malt (Sweden), Lesaffre (France), Maltexco S.A. (Chile), and Simpsons Malt (UK). among others.

Rodenticides Market: Growth Opportunities and Recent Developments

The report "Rodenticides Market by Type (Non-anticoagulants, Anticoagulants (FGAR, SGAR)), End use (Agricultural fields, Warehouses, Residential, Commercial), Mode of application (Pellet, Spray, and Powder), Rodent type, and Region - Global Forecast to 2026", The global rodenticides market size is estimated to be valued at USD 4.9 billion in 2020 and is expected to reach a value of USD 6.6 billion by 2026, growing at a CAGR of 5.0% during the forecast period. Factors such as the displacement of rodents due to urbanization and increase in rodent population due to climatic change such as global warming drive the growth of the market.

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The rodenticides market includes major product manufacturers and service providers like Syngenta AG, Bayer AG, BASF SE, UPL Ltd, Rentokil Initial plc, Ecolab Inc and Rollins Inc. These companies have their manufacturing and service facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses up to some extent. Though this pandemic situation has impacted their businesses, there is no significant impact on the global operations and supply chain of rodenticides. Multiple manufacturing facilities of players are still in operation. The service providers are providing rodent control services by following safety and sanitation measures.

Anticoagulant, by type, is estimated to grow at the highest rate during the forecast period

Anticoagulant rodenticides are widely used for controlling commensal rodents, which are primarily Norway rats, ship rats, and house mice. Despite the consistent decrease in ecological risk assessments, the anticoagulant segment is projected to dominate the rodenticides market due to the high demand for effective rodent-control alternatives and the lack of safe alternatives.

Pellet, by mode of application, is estimated to hold the largest share in the rodenticides market, in terms of value, in 2020

Pellets offer effective control against commensal rodents and are resistant to various environmental conditions, which makes them suitable for outdoor use.  With the increase in urbanization and displacement of rats in city areas, the pellets mode of application is widely used in residential buildings, as they can easily be used with baits.

Commercial, by end-use sector, estimated to account for the largest market share, by value, in 2020

A majority of the commercial places across the European and North American countries have a mandate annual rodent control service program. Hence, the market is estimated to be dominated by the commercial segment in 2020.

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Asia Pacific is projected to grow at the highest CAGR during the forecast period

The market for rodenticides is projected to grow at the highest CAGR in the Asia Pacific region owing to the increase in awareness of the effectivity of chemical rodenticides. As the world’s largest and most populous region, Asia Pacific is one of the key markets for rodenticides. Rodents are common pests present in agricultural fields. Annually, extensive volumes of agricultural produce are destroyed and contaminated by rodents. To meet the increase in demand for food products and to reduce the crop damages caused by rodents, the use of rodenticides has increased significantly in the region. Food retail, food manufacturing, pharmaceutical, hospitality, and residential sectors are projected to be major growth verticals in this market.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the rodenticides market. It consists of the profiles of leading companies such as Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Rentokil Initial Plc (UK), Ecolab Inc (US), Rollins Inc (US), UPL Limited (India), Anticimex (Sweden), The Terminix International Company (US), Liphatech Inc (US), Neogen Corporation (US),  PelGar International (UK), Bell Laboratories Inc (US), JT Eaton (US), Truly Nolen (US), Abell Pest Control (Canada), Futura Germany (Germany), SenesTech Inc (US), Bioguard Pest Solutions (US) and Impex Europa S.L (Spain).

Agricultural Adjuvants Market to Record Steady Growth by 2026

The report "Agricultural Adjuvants Market by Function (Activator and Utility), Application (Herbicides, Insecticides, and Fungicides), Formulation (Suspension Concentrates and Emulsifiable Concentrates), Adoption Stage, Crop Type, and Region - Global Forecast 2026", is estimated to be valued at USD 3.1 billion in 2020 and is projected to reach a value of USD 4.4 billion by 2026, growing at a CAGR of 6.1% during the forecast period. Factors such as the rising demand for improved crop varieties is driving the growth of the agricultural adjuvants market.

Agricultural adjuvants are materials that are added to crop protection products or agrochemicals for enhancing the efficacy of active ingredients and improving the overall performance of the product. The effectiveness of a pesticide increases manifold with the addition of adjuvants, wherein agrochemicals and agricultural adjuvants are formulated to be compatible with each other. Hence, adjuvant consumption is directly affected by the demand for pesticides; higher the consumption of agrochemicals, higher will be the demand for adjuvants.

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The utility adjuvants segment is estimated to be the fastest growing function in the agricultural adjuvants market.

The demand for utility adjuvants remains high in the developed countries due to the introduction of strict regulations on pesticide usage and increasing government support for a sustainable foliar spray of pesticides. However, due to their high cost, the adoption of adjuvants in developing countries is low. Hence, utility adjuvants are projected to offer profitable growth opportunities for manufacturers in developed countries during the forecast period.

The fungicide segment is estimated to be the second-largest market in the agricultural adjuvants market, in 2021

Adjuvants play a vital role in increasing the biological efficacy of agrochemicals. Fungi can adversely affect the quality and the yield of agriculture. Majority of the fungicides available in the market are effective against a large variety of pathogenic fungi and can be used over various crops. Thus key players are opting for adjuvant applications specific for fungicide uses.

The cereals & grains segment, by crop type, is estimated to account for the largest market share, by value, in 2020

The production of cereals and grains varies across different regions based on the topography and climatic conditions, and hence, the type of pesticide application also varies. Cereals & grains accounted for the highest consumption of herbicides in North America and Asia Pacific, due to the increased cultivation of corn and wheat in countries, such as the US and China. Adjuvants used in herbicide treatment solutions for cereals and grains help in improving the spray droplet retention and penetration of active ingredients into the plant foliage.

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Asia Pacific is projected to grow at the highest CAGR% during the forecast period

The market for agricultural adjuvants in the Asia Pacific region is projected to grow at the highest CAGR from 2020 to 2026, owing to the increasing investments by key players in countries such as China, India, and Thailand, and also the rising adoption of adjuvant technology by the crop growers for insecticide applications. Furthermore, advanced agricultural technologies are widely accepted and practiced in this region. Owing to these factors, the market in the Asia Pacific region is projected to record the highest growth from 2020 to 2026.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agricultural adjuvants market. It includes the profiles of leading companies such as this market include Miller Chemical and Fertilizer, LLC (US), Precision Laboratories (US), CHS Inc (US), WinField United (US), Kalo Inc. (US), Nouryon (Netherlands), Corteva (US), Evonik Industries (Germany), Nufarm (Australia), Croda International (UK), Solvay (Belgium), BASF (Germany), Huntsman Corporation (US), Clariant (US), Helena Agri-Enterprises (US), Stepan Company (US), Wilbur-Ellis Company (US), Brandt (US), Plant Health Technologies (US), Innvictis Crop Care (US), Interagro (UK), Lamberti S.P.A (US), Drexel Chemical Company (US), GarrCo Products Inc. (US), and Loveland Products Inc. (US).

Sustainable Growth Opportunities in the Specialty Fertilizers Market

The report "Specialty Fertilizers Market by Type (UAN, CAN, MAP, Potassium Sulfate, and Potassium Nitrate), Application Method (Soil, Foliar, and Fertigation), Form (Dry and Liquid), Crop Type, Technology, and Region – Global Forecast to 2025", The global specialty fertilizers market is estimated to be valued at USD 37.6 billion in 2020 and is projected to reach a value of USD 51.3 billion by 2025, growing at a CAGR of 6.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the specialty fertilizers market.

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The urea-ammonium nitrate (UAN) segment is projected to be the largest segment in the specialty fertilizers market during the forecast period.

UAN is considered to be an excellent irrigation fertilizer for cereal production and irrigated plant cultivation. It is basically used before plowing the field, which helps in enhancing its degradation. Solutions of urea ammonium nitrate (UAN) are widely used as a source of nitrogen for plant nutrition. In combination with plant protective agents, it is mixed in the irrigation water for irrigated plant cultivation. Fluid fertilizers are blended together to meet the specific needs of a crop.

The fertigation segment is estimated to account for the largest market share, in terms of value, in 2020.

Fertigation is used in the fields of row crops, horticultural crops, fruit crops, vegetable crops, and ornamental & flowering crops. The fertigation method allows the homogenous application of liquid specialty fertilizers in an adequate amount to the wetted zone in the root development, where most of the active roots are concentrated, which helps in enhancing the efficiency of specialty fertilizers. This technique allows specialty fertilizers to be distributed evenly in irrigation. The application of specialty fertilizers through fertigation increases its efficiency by 10%–15%, as compared to conventional fertilization.

The coated & encapsulated segment is projected to witness the fastest growth, in terms of value, in the specialty fertilizers market, on the basis of technology, from 2016 to 2025.

Coated & encapsulated specialty fertilizers are conventional soluble fertilizer materials with increasingly available nutrients, which after granulation, prilling, or crystallization, are given a protective (water-insoluble) coating to control the water penetration, thereby affecting the rate of dissolution and the nutrient release. To further reduce the total fertilizer costs, coated & encapsulated fertilizers are increasingly used with the blend of conventional fertilizers in different ratios. These fertilizers offer greater flexibility in determining the nutrient release pattern.

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South America is projected to grow at the highest CAGR during the forecast period.

The market for specialty fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the liquid fertilizers market. It includes the profiles of leading companies, such as Nutrien, Ltd.(Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química Y Minera De Chile (SQM) (Chile), The Mosaic Company (US), EuroChem Group (Switzerland), CF Industries Holdings, Inc. (US), OCP Group (Morocco), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Coromandel International Ltd (India), and Deepak Fertilizers & Petrochemicals Corporation Ltd. (India), Nufarm (Australia), and Brandt (US).

Growth Opportunities in the Feed Yeast Market

The global feed yeast market size is estimated at USD 1.8 billion in 2020 and is projected to grow at a CAGR of 5.1% to reach USD 2.3 billion by 2025. The market has a promising growth potential due to several factors, including the increasing awareness of yeast-based animal feed products and strict government regulations regarding animal health.

Key players in the feed yeast market include Associated British Foods Inc. (UK), Archers Midland Company (US), Alltech Inc. (US), Cargill (US), Angel Yeast Company (China), Chr. Hansen (Denmark), Lesaffre (France), Nutreco N.V. (Netherlands), Lallemand Inc. (Canada), Novus International (US), Zilor (Biorigin) (Brazil), Kerry Group (Ireland), and Kemin (US). Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to strengthen their position in the market.

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Associated British Foods PLC (UK) is one of the market leaders in Europe and is trying to increase its global presence by offering various feed grades to fulfill customer needs and demands. The company has entered the retail sector, which has helped it grab opportunities in the market. The company operates with various subsidiaries at the global level but has a wider distributional reach in the European region. The major growth strategies of the company include organic approaches to collaborate and partner with other players such as Lallemand (Canada) for effective operations of the Hutchinson site. The company operates through numerous subsidiaries, such as AB Agri Ltd (UK), AB Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (US), and Ohly (Germany). Of these, AB Mauri, ABF Ingredients, Ohly, and AB Vista produce yeast and yeast extracts. In January 2019, Ohly (UK) and Lallemand (Canada), entered into a strategic partnership for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torula whole-cell business in the US. The long-term supply partnership between these companies aims at benefitting Ohly by ensuring the sustainable security of the Hutchinson site.

Alltech Inc. (US) is engaged in the production and sale of nutritional products and solutions for the feed industry. The company’s core capabilities lie in yeast fermentation, peptide technology, and solid-state fermentation. It has used these technologies to offer a range of natural solutions to the feed industry for improving animal performance and profitability. The company performs research and innovation in various areas such as bioscience centers, nutrigenomics centers, aquaculture centers, community biorefinery, and quality assurance. Alltech is one of the leading animal nutrition companies across the globe. The company has its presence in various countries with 31 manufacturing facilities. It has a great market coverage as the company serves customers in more than 120 countries. Use of inorganic approaches such as the acquisition of WestFeeds Inc. (US) helped the company to strengthen its distribution network and product portfolio in the animal nutrition segment. Owing to its strong financial capabilities and being a global innovator in feed formulations and technologies, the company holds opportunities by investing in R&D for the development of innovative yeast-based ingredients for feed solutions.

Cargill (US) manages its business operations through its business segments, such as agriculture; animal nutrition and protein; food; and financial and industrial. Through its animal nutrition and protein segment, the company offers various animal nutrition products including yeast for beef, dairy, pet, poultry, and pork segments. The company manufactures and supplies feed yeast throughout the world under various brands. Cargill has a very strong product portfolio as compared to its competitors. This would help in positioning the company’s overall position in absorbing investment risks to expand their production capacity as well as their market share. Cargill offers high-quality products to its customers with strong R&D capabilities, which provide it with a strategic advantage over its competitors. The company is focusing immensely on R&D to meet the demands of the feed industry. In terms of animal nutrition, the company has invested in acquiring Diamond V (US), which would help the company in gaining competitive advantage in the animal health and nutrition sector.

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As per the FAO figures of 2019, the consumption rate of meat products in East Asia had witnessed rapid growth. The consumption rate reached 50 kg per person in 2015 from nearly 9 kg per capita in the 1960s. However, the ban on the use of antibiotics as a growth promoter in the livestock sector across the European and North American countries has indirectly impacted the Asia Pacific countries. This has encouraged key companies of feed additives to develop natural growth promoters and health supplements. Since the ban, the livestock producers had identified innovative ways to promote animal production through products with similar benefits by replacing antibiotic growth promoters with microbial-based feed additives, which possess antibiotic properties. Many key players such as Lallemand Inc. (Canada) and Angel Yeast (China) are focusing on tapping the Asia Pacific market by setting up their feed additive manufacturing units.

Recent Developments:

• In January 2019, Ohly (UK) and Lallemand (Canada), entered into a strategic partnership for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torula whole cell business in the US. The long-term supply partnership between these companies aims at benefitting Ohly by ensuring sustainable security of the Hutchinson site.
• In January 2019, ADM acquired Neovia (Chicago) which is a a global leader in value-added products and solutions for both production and companion animals. This acquisition would add new products such as premixes, complete feed, ingredients, pet care solutions, aquaculture, additives, feed yeast, and amino acids to the existing portfolio.

Sustainable Growth Opportunities in the Snack Pellets Market

The report "Snack Pellets Market by Type (Potato, Corn, Rice, Tapioca, Multigrain), Form (Laminated, Tridimensional, Die-face, Gelatinized), Technique (Twin-screw extruder, Single-screw extruder), Flavor (Plain, Flavored, Nutritional), and Region – Global Forecast to 2023", The snack pellets market is estimated to account for about USD 2.0 billion in 2018 and is projected to reach a value of about USD 2.5 billion by 2023, growing at a CAGR of 5.3% from 2018. The snack pellets market is highly impacted by innovations, as manufacturers are always introducing new ingredients, new variants, and processing techniques to meet the increasing demand and cater to changing consumer demands. The rise in on-the-go consumption has encouraged the savory snack manufacturing industry to produce new products that could meet these rising demands from working-class consumers. In addition to this, the growing focus on facility expansion, marketing schemes, and information exchange programs for creating awareness to enhance the consumption of snack pellets have contributed to the growth of the market.

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By type, the potato segment is estimated to account for the largest share in the snack pellets market in 2018.

On the basis of type, the potato segment is estimated to dominate the snack pellets market in 2018. Potato starch is the most widely used ingredient in the production of snack pellets. Potato starch, to obtain extruded snacks with the desired texture and properties, is used in the rice meal. Potato-based snack pellets are widely consumed due to their long shelf-life, low-cost transport, easy availability, and storage convenience. It also offers high bulk density, various flavors, and choices for consumers of all age groups.

The snack pellets market is witnessing strong growth due to the increasing usage of twin-screw extruders in the snack industry.

Twin-screw extruders consist of two intermeshing and co-rotating screws mounted on splined shafts in a closed barrel. This equipment offers numerous advantages over single-screw extruders. As a result, these extruders witness increasing demand from various manufacturers in the food processing industry. Twin-screw extruders have various possible configurations for producing different shapes of snack pellets with the help of counter-rotating screws, as compared to the single-screw extruders. These extruders also offer various advantages, such as extrusion of heat-sensitive products, rapid mixing characteristics, and reduced volatilization of flavors, to end-users.

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North America is estimated to dominate the snack pellets market in 2018.

North America is estimated to account for the largest market share for snack pellets in 2018. Because of the abundant availability of raw materials and the presence of a strong food processing industry, North America holds the largest share of the snack pellets market, in terms of both volume and value. Additionally, snacks made from potatoes are highly preferred by consumers. These factors are responsible for the largest share of potato-based snack pellets in the region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the snack pellets market. It includes the profiles of the leading companies such as Limagrain Céréales Ingrédients (France), Liven S.A. (Spain), Grupo Michel (Mexico), Leng dOr S.A. (Spain), and Pellsnack-Products GmbH (Germany).

Sustainable Growth Opportunities in the Plant-based Beverages Market

The report "Plant-based Beverages Market by Source (Almond, Soy, Coconut, and Rice), Type (Milk and Other Drinks), Function (Cardiovascular health, Cancer prevention, Lactose intolerance, and Bone health) and Region - Global Forecast to 2023", The plant-based beverages market is estimated at USD 11.16 billion in 2018 and is projected to reach USD 19.67 billion by 2023, growing at a CAGR of 12.0% from 2018 to 2023.

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The growth of the plant-based beverages market is attributed to the rise in the number of companies penetrating this nascent market by adding plant-based beverage products based on almond milk, soy milk, and rice milk to their portfolio. In 2017, a major food manufacturing company, Danone (US), acquired The WhiteWave Foods Company (US) to expand its presence in the plant-based beverages space. Apart from this, the rise in the trend of vegan diets, especially in countries such as the UK and the US, amidst the ethical concerns surrounding animal welfare, fats present in animal-based diets, and the usage of antibiotics, has boosted the consumption of plant-based beverages in these countries.

The almond segment is projected to dominate the plant-based beverages market through the forecast period.

Based on the source, the almond segment is projected to dominate the plant-based beverages market, in terms of value, through 2023. The increased demand for dairy-free alternatives; rise in the number of lactose intolerant individuals in major revenue-generating regions such as the Asia Pacific and Africa; increase in the cases of lifestyle-related diseases such as heart diseases and cancer in the US, and rise in obesity cases in developing countries such as Argentina have boosted the almond milk sales, both in terms of value and volume. The almond milk segment has gained popularity in coffee shops and restaurants across the US.

The plant-based milk segment is projected to dominate the plant-based beverages segment.

Based on type, the plant-based milk segment accounted for the larger share in the plant-based beverages market, in terms of value, in 2017. Manufacturers have been coming up with non-dairy alternatives such as almond milk, soy milk, and coconut milk in a variety of flavors, which has gained consumer interest. They are also introducing new sources such as oat milk, cashew milk, rice milk, hemp milk, and pea milk. These alternative dairy sources are occupying spaces on supermarket shelves. The vegan trend is also gaining popularity, with millennials preferring it to traditional dairy beverages. Growing health concerns about the consumption of animal-based diets have led to consumers shifting toward plant-based diets.

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The Asia Pacific dominated the global plant-based beverages market.

The Asia Pacific market accounted for the largest share in the plant-based beverages market, in terms of value, in 2017. The region consists of key revenue pockets in countries such as China & Thailand, which are some of the key consumers of plant-based diet products. China is one of the largest consumers of soy milk, which is considered the most suitable alternative to dairy milk. Furthermore, the country’s leading dairy products manufacturer, Want Want China Holdings Limited, is expanding its base in the plant-based beverages space. Apart from this, Thailand is expected to be a key revenue pocket in coming years, with plant-based diets being one of the key trends in the country in 2018 as per the US Department of Agriculture (USDA).

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as The WhiteWave Foods Company (US), Blue Diamond Growers (US), Pacific Foods (US), Hain Celestial (US), SunOpta (Canada), Want Want China Holdings Limited (China), Kikkoman(Japan), Califia Farms (US), The Coca-Cola Company (US), Ripple Foods (US), WildWood Organic (US), and Pureharvest (Australia).

Grain Alcohol Market to Record Steady Growth by 2026

The report "Grain Alcohol Market by Type (Ethanol, Polyols), Application (Food, Beverages, Pharmaceutical & Healthcare), Source (Sugarcane, Grains, Fruits), Functionality (Preservative, Coloring/flavoring agent, Coatings), and by Region - Global Forecast to 2026" is estimated at USD 12.2 billion in 2021; it is projected to grow at a CAGR of 4.1% to reach USD 14.9 billion by 2026.

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The increase in demand for grain alcohol in various industries such as food & beverages and health & personal care is driving the grain alcohol market globally. The grain alcohol market is gaining momentum due to the increase in beer production and increasing demand for craft beer. The use of ethanol in the beverage industry has resulted in the growth in the market of grain alcohol for beverage applications. Grain alcohols are used as preservatives, food color, or coatings in the end products. The market for grain alcohol is largely associated with the sale of beverage products. Increasing sales of a variety of beverage and health & personal care products in matured markets of developed economies in the last five years are responsible for the increased growth of the grain alcohol industry.

Ethanol sub-segment in by type segment is estimated to account for the largest share in the grain alcohol market.

Ethanol is widely used in the food industry as a flavoring and coloring agent and in candy glazing. The antimicrobial property of ethanol helps it to be used in pharmaceuticals for medicinal applications. It is very commonly found in cough syrups. Ethanol is an excellent solvent; due to its solubility, ethanol finds its usage in manufacturing antibiotics, tablets & pills, vitamins, and in a variety of medicines.

In by source segment, the fruits sub-segment is projected to account for the fastest market growth in the grain alcohol market.

Alcohol can be produced by fermenting a sugar-containing mash of fruits such as grapes, berries, and apples. Grapes are the most commonly used raw materials for alcohol fermentation to produce alcoholic beverages such as wine and brandy. Apples and citrus fruits, when added with sufficient fermentable sugars, are crushed and fermented. Their use in production of premium quality alcoholic beverages such as wines, is estimated to increase their usage in the market.

Beverage sub-segment by application is projected to account for the largest market share of the grain alcohol market over the forecast period.

Alcoholic beverages are estimated to account for the largest market share in the global grain alcohol market, as globall populations in developed and developing economies show a rising trend for consumption of alcoholic beverages. The manufacturers are also investing into development of newer customized lproduc ts for attracting consumer interest and sales for their products. These are estimated to account for the strong growth of the segment.

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North America is estimated to dominate the global grain alcohol market over the forecast period.

The rising consumption of and demand for alcohol has resulted in the use of grain alcohol for beverage applications. In North America, the US is one of the dominant grain alcohol markets. Beer, spirits, and wine are largely consumed alcoholic beverages in this country. The country has no specific law that forbids the consumption of alcohol in public but enforces strict laws on age limit for its consumption and purchase. According to the Organisation for Economic Co-operation and Development (OECD), Canada has milder levels of taxation of alcohol at the federal level, but minimum prices and markups are enforced in several provinces, which contribute to raising prices. These trends account for the strong share of the region in global market.

Key Market Players:

The key players in this market include ADM (US, Cargill (US), Wilmar Group (Singapore), Merck Group (Germany), and Roquette Frères (France). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Growth Opportunities in the Food Encapsulation Market

The report "Food Encapsulation Market by Shell Material (Polysaccharides, Emulsifiers, Lipids, Proteins), Technology (Microencapsulation, Nanoencapsulation, Hybrid Encapsulation), Application, Method, Core Phase, and Region - Global Forecast to 2026", The market for food encapsulation is estimated at USD 10.6 Billion in 2021; it is projected to grow at a CAGR of 8.0% to reach USD 15.6 Billion by 2026.

The development of retail channels in the form of supermarkets, hypermarkets, and convenience stores has encouraged the growth of the food encapsulation market. These large food chains are the major outlets for functional food products due to the increase in the trend of on-the-go consumption. This trend is projected to drive the growth of the food encapsulation market to make these products more stable. Different bioactive compounds, such as omega-3 and omega-6 fatty acids, vitamins, phenolic compounds, and carotenoids, are now widely used to develop products with numerous functional properties to meet the increasing consumer demands. However, such compounds are highly unstable under certain conditions of light, temperature, pH, and oxygen. Therefore, microencapsulating such compounds is a mode of protecting them from harsh conditions during food processing. Several food constituents that are widely encapsulated include different flavoring agents, lipids, antioxidants, essential oils, pigments, probiotic bacteria, and vitamins. The need for complex properties for fortification in food products is expected to increase over the next few years. Some of these complex properties are delayed-release, stability, thermal protection, extended shelf-life, and suitable sensory profile, which would be challenging to achieve without encapsulation technology.

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Polysacharides sub-segment in by shell material segment is estimated to account for the largest share in the food encapsulation market.

The polysaccharides segment accounted for the largest market for shell material segement and is projected to follow the same trend through 2026. Owing to their enormous molecular structure and ability to entrap bioactives, polysaccharides are considered the most-suitable building blocks for delivery systems. They are preferred to synthetic polymers because they are safe, inert, biocompatible, non-toxic, biodegradable, eco-friendly, low in cost, and abundantly available in nature.

In by method segment, the physico-chemical sub-segment is projected to account for the fastest market growth in the food encapsulation market.

Since co-acervation does not subject the core phase to high temperatures, it is the most preferred physico-chemical method for food encapsulation. The physico-chemical process is an inclusion of the physical and chemical means of encapsulation of the core phase with the shell material. The process is advanced than the physical process because it has the capability of producing smaller encapsulated products than the physical process.

The microencapsultion sub-segment by technology is projected to account for the largest market share of the food encapsulation market over the forecast period.

Microencapsulation is used to provide an improved quality of ingredients in food products. This technology is used for protecting the core ingredients from interacting with other ingredients while processing the food products and for protecting them from the external environment. Microencapsulation covers up the unwanted taste of nutrients, such as minerals, to enable the production of nutrient-fortified foods with necessary sensory properties.

The dietary supplements sub-segment by application segment is projected to account for the fastest growth in the food encapsulation market over the forecast period.

Dietary supplements contain active ingredients such as amino acids, vitamins, essential fatty acids, minerals, and probiotics, which help improve the functioning of the human body by providing all the essential compounds that are not sufficiently received from a regular diet. They are available in various formats, including capsules, pills, liquids, and tablets. Due to these advantages the use of encapsulation technology is increasing in the sector.

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North America is estimated to dominate the global food encapsulation market over the forecast period.

North America dominated the food encapsulation market due to the presence of a large number of players in the region and the growing consumer awareness and demand for functional food products, North America is projected to dominate the food encapsulation market through 2026. Demand for encapsulation is also driven in the region due to its growing use in the development of several products such as functional and fortified food products, packaged products, and nutraceutical products. Most of the key market players have a presence in the region.

Key Market Players:

The key players in this market include Cargill, Incorporated, BASF SE, DuPont, FrieslandCampina, DSM, Kerry, and Ingredion. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Probiotics in Animal Feed Market to Record Steady Growth by 2026

The report "Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria, Yeast), Form (Dry, Liquid), and Region (North America, Europe, Asia Pacific, South America, & Rest of World) - Global Forecast to 2026", is estimated at USD 4.4 billion in 2021; this is projected to record a CAGR of 8.8% from 2021 to 2026

Asia Pacific leads the global probiotics in the animal feed. Factors such as a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health drive the Asia Pacific market. Major countries contributing significantly to the growth of the Asia Pacific region include China, India, Japan, Australia, and New Zealand. The rapidly growing dairy and meat industries in these countries are expected to boost the probiotics in animal feed market in the Asia Pacific. Furthermore, the outbreaks of livestock diseases in the South American and African regions have led to increased concerns about animal health, making them lucrative markets for probiotics in animal feed.

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The yeast & fungi segment by the source is projected to achieve the fastest growth in the probiotics in animal feed market.

Yeasts in poultry have a large and influential role in increasing the efficiency of feed and increasing the turnout of poultry production. The addition of yeast in poultry feed products also makes feed more attractive to poultry. Adding yeasts to drinking water for poultry helps the breeders have different ways to benefit from yeasts in poultry and their distinctive impact on the health and overall performance of poultry, whether they are fattening, laying, or even maternal poultry. The use of yeasts in poultry, either by adding them directly to feed or added to the drinking water, has many benefits and advantages, such as supporting and enhancing the functions of the digestive system.

By livestock, the aquaculture segment is projected to account for the fastest growth in the animal feed probiotics market.

Probiotics, when added to aquafeed, increase their nutritional value, contribute to digestion in the form of enzymes, inhibit the growth of pathogens, and improve the immune response of the species. According to the World Fisheries and Aquaculture report published in 2018, approximately 84% of the total aquaculture production is utilized for human consumption. Thus, there is a need to ensure that what humans receive in the form of food is healthy and does not have any negative impact on their health.

The dry segment by form is projected to account for the largest growth of the animal feed probiotics market over the forecast period.

The dry form of probiotics is usually mixed in the feed for animals, including cattle, poultry, and swine. Cattle often consume dry tropical grasses, which have high fiber content but are poor in taste and have less nutritive value. Due to these factors, various types of dry specialty feed additives, such as bacteria and yeast, are used in feed, particularly for animals, such as dogs, cats, horses, and cattle, to fulfill their nutritional requirements. These additives serve as excellent carriers for feed and are nutrient-rich. They make the feed palatable and increase its consumption among animals, which helps in reducing feed wastage and labor requirements.

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Asia Pacific is projected to be the fastest growing market.

The growth in population, rise in disposable incomes, rapid urbanization in the Asia Pacific region, and an increase in demand for high-quality meat products are the key factors that have encouraged the demand for feed additives. Substantial growth is witnessed in countries, such as China, India, and Japan, due to the increase in the purchasing power of the population and demand for protein-rich meat diets. Pork and poultry are widely consumed in the Asia Pacific region. Moreover, consumers prefer opting for products that have high nutritional content and offer health benefits and exotic tastes. Thus, fish and other seafood products are also a preferred option for consumers, which is also a growing industry in this region. The presence of a wide range of fishery resources, both freshwater and marine, is considered a key factor that has encouraged the consumption of seafood products in the Asia Pacific region. There is an increase in consumer demand for fish produced without antibiotics that are environmental-friendly and animal-friendly. This new trend in the aquaculture industry is leading to a change towards sustainable aquaculture production methods, which, in turn, results in an increase in the usage of feed additives, such as probiotics, in feed products. This, in turn, is projected to drive the growth in the probiotics in feed market.

Key Market Players:

The key players in this market include Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DuPont (US), Evonik Industries (Germany), Land OLakes (US), Mitsui & Co., Ltd. (Japan), Ohly (Denmark), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Unique Biotech (India), and Pure Cultures (US)., is estimated at USD 4.4 billion in 2021; this is projected to record a CAGR of 8.8% from 2021 to 2026

Sustainable Growth Opportunities in the Pea Processed Ingredients Market

The report "Pea Processed Ingredients Market by Type (Pea protein (Isolates, Concentrates and Textured), Pea starch, Pea fiber, Pea Flour), Application (Food & Beverages), Source (Yellow split peas, chickpeas, and lentils), and Region - Global Forecast to 2026", is estimated at USD 3.1 billion in 2021; it is projected to grow at a CAGR of 10.1% to reach USD 5.0 billion by 2026.

Pea protein is an ingredient produced from a variety of sources, such as yellow split peas, chickpeas, and lentils. It is an ingredient that is neutral in taste and has an array of applications in the food & beverage and health supplement industries. Pea protein is extracted in the form of isolates, concentrates, and textured. There is an increasing opportunity for pea processed ingredient manufacturers from the food & beverage and supplements markets. These markets seem to develop and formulate new products and technologies using pea protein, pea starch, pea fiber, and pea flour as a raw material, causing to innovate and implement groundbreaking products with an array of applications.

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Pea protein powder is highly beneficial to humans, as it is allergen-friendly, easily digestible, contains eight amino acids necessary for the human body, naturally cholesterol-free and gluten-free, and contains BCAAs. Consumers these days are now becoming aware of the benefits provided by plant-based sources, which are mostly organic by nature and are preferred over the conventional synthetically made source. Pea processed ingredients provides gluten-free solutions to food manufacturers with other nutritional benefits, such as low-fat, low-calorie, lactose-free, and allergen-free solutions. The use of gluten-free solutions in the production of bakery products helps in reducing the fat content, improving cholesterol levels, increasing the metabolic rate, and promoting healthy digestion.

Pea proteins sub-segment in by type segment is estimated to account for the largest share in the pea processed ingredients market.

The pea protein subsegment holds a dominant position in the pea processed ingredients market by type. This is due to the high protein content offered by isolates as well as their use in a wide array of applications, including plant-based meat and performance nutrition. In terms of volume, pea flour segment dominated the market owing to lower price and easy extrusion process compared to the other types.

In by application segment, the beverages sub-segment is projected to account for the fastest market growth in the pea processed ingredients market.

Considering the growing population of lactose-intolerant consumers and a general paradigm shift of consumers seeking dairy alternatives, manufacturers have directed their efforts toward producing non-dairy alternatives that are allergen-free. Pea proteins are allergen-friendly and are devoid of any genetic modification. Drinks such as soups, juices, smoothies, and meal replacer drinks are now available being fortified with dietary fibers. They increase the viscosity and stability of the drink as well as the shelf life of the beverages. These beverages are of low caloric content but with similar taste and improved texture. It is used as an alternate source of sugar for confectionery products, and hence, is popular among health-conscious consumers.

The yellow peas sub-segment by the source is projected to account for the largest market share of the pea processed ingredients market over the forecast period.

Yellow peas are among the most preferred sources of pea by product manufacturers. This is due to the functionality and adaptability of peas into different product types, which is driving the demand for yellow peas across different products, such as plant-based meat, beverages, and even functional foods, and performance nutrition. The high protein content offered by yellow split peas makes it ideal for manufacturing pea protein isolates.

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North America is estimated to dominate the global pea processed ingredients market over the forecast period.

Consumers in the North American region are gradually shifting their diet preferences and are going vegan due to the health and wellness benefits associated with it. This paradigm shift in food culture is being supported by health & fitness industries, medical communities, celebrities, and athletes, which has bolstered the demand for pea-based food ingredients. The rising incidences of obesity, cardiovascular diseases, and diabetes among the American population have also prompted consumers to adopt vegan diets.

Key Market Players:

The key players in this market include Emsland Group (Germany), COSUCRA Groupe Warcoing SA (Belgium), Roquette Frères (France), Vestkorn Milling AS (Norway), Ingredion Incorporated (US), Axiom Foods, Inc (US), and Felleskjøpet Rogaland Agder (Norway). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.