Trace Minerals in Feed Market to Showcase Continued Growth in the Coming Years

The global trace minerals in feed market size is estimated to be valued USD 472 million in 2020 and is expected to reach a value of USD 608 million by 2025, growing at a CAGR of 5.2% during the forecast period. Factors such as increasing demand for polutry, changing consumer preferences due to fast-paced lifestyles, and increased need for high protein sources in food products is driving the market for Trace minerals in feed during the forecast period.

 

 

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Key players in this market include Cargill, Incorporated (US), Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (US), Novus International (US), and Kemin Industries, Inc. (US), Zinpro Corporation (US), Alltech (US), Tanke (China), Global Animal Products (US), Orffa (Netherlands), BASF SE (Germany), Bluestar Adisseo (China), JH Biotech, Inc. (US), and Virbac (France).

Expansions and collaborations were the key strategies adopted by the leading players in the Trace minerals in feed market with a view to improve their product line and presence in the market.

 

Cargill, Incorporated (US) operates through food, agriculture, and financial and industrial products and services. The company provides a vast range of trace mineral products through its animal nutrition segment for beef cattle, dairy cattle, goats, swine, and horses. Furthermore, Cargill offers many animal nutrition products under its famous brands, such as Provimi, Purina, Diamond V, and Nutrena, which deliver essential trace minerals required in feed products to improve their health.

 

Cargill has 17 innovation and application centers across the globe that focus on the development of animal nutrition products and new methods to maximize feed conversion and improve animal performance. The company focuses on undertaking strategies, such as investments and partnerships, to expand the feed and nutrition business. For instance, the acquisition of Pro-Pet (France) in 2018 and partnership with InnovaFeed (France) helped it meet the nutritional needs of the growing livestock population. The global COVID-19 pandemic has led to an increase in consumer demand across the globe. However, the company has been successful in quickly adjusting its manufacturing operations and supply chains to help customers deliver food products to places where it is increasingly required. In the US, Cargill partnered with a restaurant chain to divert 90 million shell eggs to retail stores, while in Canada, it quickly re-packaged 4,000 cases of chicken breast originally intended for fast-food sandwiches to fill grocery store shelves.

 

Archer-Daniels-Midland Company (ADM) (US) is one of the major suppliers and manufactueres of animal nutrition products. ADM is addressing this demand by providing a wide range of innovative products for the animal nutrition market. We work closely with customers, universities and nutrition experts to research, develop, and create high-quality animal nutrition products. ADM’s product offerings range from amino acids and feed enzymes to high-quality macro feed ingredients, supplements, premixes, custom ingredient blends and specialty feed ingredients to aid in optimizing animal health and nutrition.

 

ADM is a member of more than 200 business and trade associations in the company that has its presence in more than 200 countries across the globe, 330 food and feed ingredient manufacturing facilities, 62 innovation centers, and the world’s premier crop transportation network. It mainly focuses on undertaking research and expansion strategies. For instance, in 2019, ADM opened its new livestock feed plant in Vietnam and acquired Neovia (US), an animal nutrition company, to expand its geographic reach and efficiently serve consumers around the world. Archer Daniels Midland Company (ADM) has recently comleted the acquisition of Neovia, which is also a major player in the animal nutrition industry.

 

BASF SE (Germany) operates through six segments, which include chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It provides a range of trace minerals for feed products through its animal nutrition segment. It has a strong focus on undertaking innovation and development. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates in six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to various industries. In animal nutrition, enzymes are used predominantly for monogastric animals such as pigs and poultry. BASF enzymes are added to feed, indigestible feed components so that they can be digested in the gastrointestinal tract. This means that the animals consume less feed and grow better, which is reflected in better efficiency.

 

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The trace minerals in feed market is estimated to grow significantly in the Asia Pacific region due to the rise in demand for poultry meat and poultry byproducts as well as ruminants from the major economies such as China, India, Japan, and other South East Asian countries as they experience a surge in the increase in number of health -conscious consumers. The increase in awareness amongst consumers about the essential nutrients requirement in daily diet, have increased the demand for protein rich meat. In Asia Pacific, trends around healthy lifestyles and prevention among older consumers trying to avoid expensive healthcare costs and extend healthy lifespans are generating growth opportunities dietary supplements. Thus, causing Trace minerals in feed to flourish in the region.

Proanthocyanidins Market: Growth Opportunities and Recent Developments

The global proanthocyanidins market is estimated to be valued at USD 198 million in 2019 and is projected to reach USD 280 million by 2025, recording a CAGR of 6.0% during the forecast period. Increasing awareness level among people regarding the health benefits of proanthocyanidins has encouraged the purchase decisions of consumers. Advanced technologies have enabled consumers to know more about health & wellness. Moreover, the rise in the aging population in countries of North America and Europe has also increased the use of proanthocyanidins in pharmaceuticals and dietary supplements.

 

 

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The key players in the proanthocyanidins market include Naturex (France), Indena SPA (Italy), Nexira Inc. (France), Polyphenolics (US), Xian Yuensun Biological Technology Co.,Ltd. (China), Natac (China), Eevia Health (Finland), Fruit D'or (Canada), Scott Laboratories (US), Elementa Food Ingredients (France), and Changsha Botaniex Inc. (China). Market leaders such as Naturex (France) and Nexira (France) are focusing on tapping the potential markets through new product development launches, expansions, and investments.

 

Naturex (France) is one of the major players in the proanthocyanidins market. Naturex produces and sells natural ingredients for the food & beverage, nutraceutical, pharmaceutical, and personal care industries. The company specializes in the production of natural extracts for use as colorants and flavoring agents, as well as with nutraceutical and antioxidant properties. It provides natural extracts from plants and vegetables for the flavoring, coloring, and preservation of food products. The company offers natural color products under the “my natural food” segment. In April 2017, Naturex launch two new products and has strengthened its portfolio of healthy aging ingredients with the addition of ThinkBlue (UK), a wild blueberry extract for cognitive health, and Turmipure, an organic turmeric extract for joint health.

 

Nexira (France) is one of the leading players in the proanthocyanidins market. Nexira is a global leader in natural and organic ingredients for the food, health, and nutrition industries. The company entered into a strategic partnership agreement with Omega Pharma NV (The Netherlands), one of the largest OTC healthcare companies in Europe and InQpharm Group (Malaysia), a specialty pharmaceutical company. In January 2018, these international players in the nutraceutical industry signed a “novation” agreement stated InQpharm transferred its ingredient segment to Omega Pharma (Belgium) and Nexira. The partnership helped the company to strengthen its ingredients product portfolio.

 

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The North American proanthocyanidins market is projected to account for the largest share by 2025. The region has traditionally been a major consumer of proanthocyanidins. The rise in the aging population, increased consumption of healthy food, and growing demand for pharmaceuticals are the major factors driving the market in North America. Functional foods, which provide health benefits beyond basic nutrition, have gained higher importance in the last decade. Typically, food marketed as functional food contains ingredients (such as Proanthocyanidins) with specific health benefits. Consumers are seeking added health benefits from the food consumed, and increasing awareness among them is driving the growth of the functional food & beverage segment in the proanthocyanidins market.

Snack Pellet Equipment Market to Showcase Continued Growth in the Coming Years

The snack pellet equipment market, in terms of value, is estimated to account for nearly USD 1.0 billion in 2019 and projected to grow at a CAGR of 5.2%, to reach nearly USD 1.4 billion by 2025. This is due to the rising demand for extruded snacks globally. Snack pellets are non-expanded intermediate products that are usually produced through the extrusion process using various raw materials such as potato, corn, tapioca, and rice. The extruder is the main equipment, which is used to press the raw material and produce pellets. The key snack pellet manufacturers are also adopting new technologies for the production of snack pellets, which include single screw extrusion, twin-screw extrusion, and co-extrusion. These processes aid in the manufacturing of snack pellets that are of various shapes, textures, and sizes. However, the technological advancements in the snack pellet equipment to produce 3D pellets have also led to an increase in the production capacity in a short time, thus driving the market growth.

 

 

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The key players in this market include Clextral (France), GEA Group (Germany), Buhler AG (Switzerland), N.P. & Company, Inc. (Japan), Kiremko B.V. (Netherlands), JAS Enterprises (India), Grace Food Processing & Packaging Machinery (India), Tsung Hsing Food Machinery Co., Ltd. (Taiwan), AC Horn Manufacturing (US), Jinan Dayi Extrusion Machinery Co., Ltd (China), Mutchall Engineering Pvt. Ltd (India), and Radhe Equipments India (India).

 

Major players in the market are mainly focusing on undertaking expansions for innovating and developing research centers to meet the growing requirements of consumers.

 

The core strengths of key players identified in this market are their growth strategies such as new product launches and acquisitions. Undertaking new product launches and expansions have enabled the market players to enhance their presence in the snack pellet equipment market. Key players such as GEA Group (Germany) undertook these strategies to improve their distribution network, gain a stronger foothold, and enhance market share. For example, GEA Group (Germany) acquired Pavan Group (Italy) to expand in the snack pellet equipment market and increase their market share.

 

Clextral (France) is focusing on offering a diverse variety of snack pellet equipment products. For example, in December 2016, Clextral launched EVOLUM+ twin-screw extruders equipped with advanced technology, which provides high flexibility and control and ensures high product quality and stability.

 

Clextral (France) is one of the leading providers of snack pellet equipment. It offers food & feed production lines, plastic processing, pulp processing, pilot line, chemical processing line, and equipment such as twin-screw extruders, fish feed extrusion systems, preconditioners, rotate dryer, dies, cutters, belt dryer, and DKM pumps. It operates as a division of Groupe Legris Industries. The company’s food and feed product line includes breakfast cereals, pet food, pet treats, fish feed, baby food, and flavors. Clextral has processing lines that integrate extruders, dryers, and ancillary equipment. The company provides technologies such as extrusion porosification technology, green extrusion technology, and drying technology. Clextral’s business is divided into four segments such as food & feed, powder industries, green industries, and pumps. The company operates in 94 countries and has its presence in North America, Europe, the Asia Pacific, the Middle East & Africa, and Latin America. The company has four research centers in France, the US, and Australia. It has five sites in France, the US, Chile, Denmark, and 11 sales units in France, the US, Algeria, Morocco, Chile, China, Australia, Brazil, Vietnam, Denmark, and Russia.

 

GEA Group is one of the well-established manufacturers of a wide range of food processing equipment and process technologies, which it provides to industries such as food & beverage, home & personal care, chemical, pharmaceutical, leisure & sport, dairy farming, dairy processing, marine, transportation, and utilities. Its product portfolio includes automation & control systems, barn equipment & manure management, brewery plants, centrifuge & separation solutions, cleaners & sterilizers, and compressors.

 

The company operates in the snack pellet equipment market through the acquisition of Pavan Group (Italy) in 2017. Pavan Group consists of various brands such as Golfetto Sangati, Pavan, Montoni, and Stiavelli. The company implements a full-service strategy, which consists of research & development of new products, after-sales training & client services, and designing & engineering of manufacturing plants. In 2016, Pavan Group’s processing lines, milling & handling, and packaging segment had a total revenue share of 55%, 30%, and 15%, respectively. In 2016, Pavan Group’s America, Asia, Europe, the Middle East/Africa, and Oceania geographical segment accounted for a revenue share of 27%, 17%, 40%, 14%, and 2%, respectively. The company offers single screw forming extruder, single screw cooking extruder, and twin screw cooking extruder.

 

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North America is estimated to account for the largest market share in the snack pellet equipment market in 2019. The North American region witnesses the presence of various established snack pellet manufacturing companies that are increasing their production capacity due to the rising demand for ready-to-eat snacks. This is projected to create an opportunity for manufacturers in the snack pellet equipment market to expand in North America. Busy lifestyles of consumers reduce the time available for homemade snacks; this increases the demand for convenience foods. In addition, increasing health consciousness and concerns for food safety have encouraged the production of light and convenient snack foods such as snack pellets. These factors are projected to drive the snack pellet equipment market during the forecast period.

Specialty Fertilizers Market to Witness Unprecedented Growth in Coming Years

The global specialty fertilizers market is estimated to be valued at USD 37.6 billion in 2020 and is projected to reach USD 51.3 billion by 2025, recording a CAGR of 6.4%. The growth of the specialty fertilizers market is driven by various factors, such as ease of use and rapid absorption by the soil and plants, which, in turn, ensures that nutrients reach crops faster than other forms of fertilizers.

 

 

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Key players in the liquid fertilizers market include Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), and Sociedad Química Y Minera De Chile (SQM) (Chile), The Mosaic Company (US), EuroChem Group (Switzerland), CF Industries and Holdings, Inc. (US), and Nufarm (Australia). Product innovations, expansions, mergers & acquisitions, agreements, collaborations, and partnerships were some of the core strengths of the leading players in the liquid fertilizers market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the liquid fertilizers market include OCP Group (Morocco), OCI Nitrogen (Netherlands), Coromandel International Limited (India), Deepak Fertilizers and Petrochemicals Corporation Limited (India), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), Brandt (US), Wilbur-Ellis (US), AgroLiquid (US), and Plant Food Company, Inc. (US).

 

Nutrien Ltd. (Canada) has the largest crop nutrient product portfolio, which is combined with a global retail distribution network that includes more than 1,500 farm retail centers. The company is a leading manufacturer and distributes over 27 million tonnes (29.76 million tons) of nitrogen, potassium, and phosphate products for industrial, agricultural, and feed customers worldwide. The company has a wide-ranging agricultural retail network that provides services to over 500,000 grower accounts. The company has a network of nearly 1,700 retail locations in seven countries, along with operations and investments in 14 countries, globally. The company has its presence in North America, South America, Europe, Asia, Africa, and Australia.

 

Yara International ASA (Norway) is one of the largest fertilizer manufacturing companies in the world. The company is primarily engaged in producing and distributing mineral fertilizers and environmental solutions. It manages its business primarily through three business segments, namely, downstream, industrial, and upstream. The company offers its liquid fertilizer products through its product portfolio; the products are available in potassium, phosphorus, and sulfate forms. The company offers fertilizer brands, such as YaraBela, YaraLiva, YaraMila, YaraTera, YaraVera, and YaraVita. The company offers a complete fertilizer portfolio to growers, globally, under its downstream segment, and also offers ammonia, urea, nitrates, and other nitrogen-based fertilizer products under its upstream business segment. The company offers fertilizers of various nutrients, such as nitrogen, phosphorus, potassium, calcium, and magnesium.

 

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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.

Feed Yeast Market Growth by Emerging Trends, Analysis, & Forecast

The global feed yeast market size 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.

 

 

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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.

 

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 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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The feed yeast market in Europe is driven by the introduction of stringent regulations pertaining to the use of antibiotics in feed. Increasing awareness about the benefits of feed yeast is projected to contribute to the market growth. The high demand for quality and nutrient-rich feed in the European countries has led to the high demand for feed yeast among farmers. Moreover, the European legislators are also concerned about food and animal safety and thus have implemented many safety laws for the same. With high concerns related to animal health, the EU government has put a ban on the use of antibiotic growth promoters in feed due to its negative impact on animal health as well as on the health of human consumers. For the replacement of those antibiotics, naturally-sourced feed ingredients that have antibiotic properties such as feed yeast were developed by manufacturers.

Food Robotics Market to Showcase Continued Growth in the Coming Years

The global food robotics market size is estimated to be valued at USD 1.9 billion in 2020 and projected to reach USD 4.0 billion by 2026, recording a CAGR of 13.1% during the forecast period. The demand for food robotics is increasing significantly owing to surging demand for food with increasing population and increasing demand for enhanced productivity in food processing. Additionally, increasing investments in automation in the food industry is projected to provide growth opportunities for the food robotics market.

 

 

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Key players in this market include ABB Group (Switzerland), KUKA AG (Germany), Fanuc Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Rockwell Automation Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yasakawa Electric Corporation (Japan), Denso Corporation (Japan), Nachi-Fujikoshi Corporation (Japan), Universal Robots A/S (Denmark), Staubli International AG (Switzerland), Bastian Solutions LLC (U.S.), Schunk GmbH (Germany), Asic Robotics AG (Switzerland), Mayekawa Mfg. Co. Ltd. (Japan), Apex Automation & Robotics (Australia), Aurotek Corporation (Taiwan), Ellison Technologies Inc. (U.S.), Fuji Robotics (Japan), and Moley Robotics (U.K.).

 

Mitsubishi Electric Corporation (Japan) is primary involved in the manufacturing, development, and marketing of different equipment used in industries such as packaging/food and beverage, general manufacturing, automotive, semiconductor, heath care, and education. The company provides solutions for the packaging/ food and beverage segment such as packaging, picking and placing, material handling, and dispensing as robots have the capability to handle products quicker and safer than conventional applications.

 

The company operates through six business segments-energy and electric systems, industrial automation systems, home appliances, information and communication systems, electronic devices, and others. Mitsubishi Electric Corporation has its operations in Japan, Asia-Pacific, Europe, the Americas, and the Middle East & Africa. Some of the subsidiaries of Mitsubishi Electric include Mitsubishi Electric Automation Korea Co., Ltd (Korea), Mitsubishi Electric Europe B.V. German Branch, Mitsubishi Electric Australia Pty. Ltd. (Australia), and Mitsubishi Electric (China) Co., Ltd.

 

ABB Group (Switzerland) is a global leader in power and automation technologies enabling utility, industry, and transport and infrastructure sectors to improve their performance while lowering the environmental impact. Its operations are organized into five business segments, namely, power products, power systems, discrete automation and motion, low voltage products, and process automation. The company is a leading supplier of industrial robots and modular manufacturing systems and services. ABB has installed more than 250,000 robots worldwide. Its robotics solutions are used in industries such as automotive, metal fabrication, foundry, plastics, food & beverage, chemicals & pharmaceuticals, consumer electronics, solar, and wood. ABB’s robotic solutions are used in industry applications such as welding, material handling, painting, picking, packing, and palletizing. ABB operates in approximately 100 countries across four regions-Europe, the Americas, Asia, and the Middle East and Africa (MEA). Some of its major subsidiaries are ABB Holdings Limited, Warrington (UK), ABB Norden Holding AB (Sweden), ABB Group., Seoul (South Korea), ABB K.K., Tokyo (Japan), ABB (China) Ltd., Beijing, ABB Group, Osasco (Brazil), and ABB AG, Mannheim (Germany).

 

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The European food robotics market is driven by high investment in research & development with regard to technology, along with the rise in demand for packed, ready-to-cook, and high-quality food products. The European Robotics Association started monitoring in European Union activities, policies, and funding in the new robot technology to strengthen the international market for food & beverage manufacturing, which is likely to impact the adoption of food robotics positively.

Growth Opportunities in the Meat Starter Cultures Market

According to MarketsandMarkets, the global meat starter cultures market size is estimated to be valued at USD 62 million in 2020 and is projected to reach USD 76 million by 2025, recording a CAGR of 3.9% in terms of value. The growth of the meat starter cultures market can be attributed to the increase in demand for processed meat products with higher shelf-life. Along with that, demand for organic and clean-label meat products have been increasing in the developed regions, which are also expected to fuel the meat starter cultures market in the forecasted period. European region dominated the global meat starter cultures market.

 

 

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Starter cultures are bacterial or fungal strains that are used to initiate the fermentation process. The meat starter culture can be defined as microbial cultures used to promote and conduct the fermentation process in meat products. They help in increasing the safety of fermented meat products and also enhance the characteristics of the end-product. The meat starter cultures market is witnessing growth due to the increasing demand for packaged meat products and technical advancement in the processed meat industry. In recent times, consumers have been more aware of health and wellness and have been selective in their daily consumptions. Consumers have been conscious about the proteins and nutrients intake from non-preservative food products for their overall physical and mental growth and development. This resulted in a shift in consumer preferences toward clean-label food products. Since ages, meat has been a prominent source of high-quality proteins for humans, and in recent times, meat has been consumed either in the fresh or processed form. According to the Food and Agriculture Organization (FAO), the global average meat consumption was 41.3 kg/capita in 2015, and is estimated to be 46.3 kg/capita in 2030. Also, a study published by the North American Meat Institute (NAMI) in 2018 had stated, more than 90% of US citizens include meat and poultry products in their diet.

 

The processed meat undergoes modification in order to improvise its taste and shelf-life suitable for consumption at a later time. Additionally, processed meat involves products that contain either 100% meat or, at times, the minimum composition of meat. They include products such as chicken sausages, corned beef, canned meat or bacon, among others. The consumer preferences have been increasing toward processed meat due to their ease of cooking and can be consumed anytime, with minimal time required for cooking.

 

The synthetic or processed food products consist of nitrites and nitrates in larger quantities, and higher consumption of such food products have proven to be detrimental to the human body and may also lead to cancer in some cases. Therefore, the augmenting demand for safe and healthy food products is fueling the demand for organic animal husbandry. Additionally, organic processed meat products have negligible use of artificial chemicals, resulting in their usage for the manufacturing of clean-label meat products. Ingredient manufacturing companies such as DuPont (US) and Kerry Group (Ireland) have been emphasizing the development of meat starter cultures to mitigate the use of artificial preservatives for increasing the shelf-life of meat products. Therefore, the above factors are anticipated to drive the global meat starter cultures market during the forecast period.

 

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The meat starter cultures market in Europe is dominant due to the increasing demand for processed meat products with higher shelf-life because of a shift in lifestyle trends. People are looking for ready-to-cook meal options as they are leading a busy life. The consumption of sausage has been prominent in these countries, resulting in a rise in demand for meat starter cultures for their production. The leading companies dominating the meat starter cultures market include Chr. Hansen (Denmark), Kerry Group (Ireland), and DSM (Netherlands); have a robust presence in Europe due to higher demand for packaged meat in these regions.

North America is the fastest-growing market as the technological advancements involved in monitoring and using meat starter cultures are available in the region, and meat manufacturers have been adapting to the changing technologies. The demand for meat starter cultures is increasing as consumers have been inclined toward organic and clean-label meat products. Also, key players are increasingly investing in the North American meat starter culture market.

Dairy Testing Market Growth by Emerging Trends, Analysis, & Forecast

The global dairy testing market is projected to record a CAGR of 8.2% during the forecast period (2021 to 2026) to reach USD 8.1 billion by 2026, driven by the globalization of dairy trade, and stringent food safety and quality regulations.

 

The key players in this market include SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS Limited (Australia), and TÜV SÜD (Germany).

 

 

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New product launches, expansions & investments, joint ventures, agreements, and partnerships were some of the core strengths of the leading players in the dairy testing market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other players in the dairy testing market are Mérieux NutriSciences (US), ), AsureQuality (New Zealand), Romer Labs (Austria) and R J Hill Laboratories Limited (New Zealand).

 

SGS SA (Switzerland) is a Swiss multinational company which primarily deals with inspection, testing and certification. The company offers services such as Quality Inspection, Quality Testing and Certification, Product Conformity Assessment, Facility Audit and Certification through its ISO/IEC 17025 accredited laboratories. It also provides additional services like training and consulting. SGS provides services across various domains like agriculture & food, life sciences, oil & gas, energy, environmental, and health & safety. In December 2020, SGS SA partnered with RLP with the aim to expand its service portfolio in the area of good laboratory practices. In return, RLP is able to extend its service portfolio and expand its customer base by including services like chemicals, biocides, veterinary drugs and pharmaceuticals testing in the area of food, agriculture and pharma.

 

Eurofins Scientific (Luxembourg) provides testing services in genomics, discovery pharmacology, forensics, and advanced material sciences, and supports clinical studies. The company operates more than 900 laboratories and offers a vast portfolio of around 200,000 analytical methods for evaluating the safety, composition, origin, authenticity, and purity of the sample. In June 2021, Eurofins Clinical Testing US Holding, Inc, a subsidiary of Eurofins Scientific, acquired DNA Diagnostic Center, a genetic testing laboratory that caters to the fertility, lifestyle, veterinary, and forensic areas. The acquisition will help Eurofins to enter the DNA testing market.

 

Bureau Veritas (France) is one of the global leaders in providing testing, inspection, and certification services to meet the growing challenges of quality, safety, environmental protection, and social responsibility. The company offers innovative digital solutions to reduce risks, improve performance, and promote sustainable development. Bureau Veritas operates globally across numerous industries including marine and offshore, oil & gas, food, and power & utilities. It was privately owned till 2007. In April 2019, BV acquired Shenzhen Total-Test Technology Co., Ltd., a Chinese food testing company, founded in 2008, which it provides testing for over 30 categories including agricultural products, baby foods, processed food products and animal feed. The new laboratory will act as BV’s food testing hub in South China.

 

Intertek Group plc (UK) is a leading Total Quality Assurance provider to industries worldwide. It offers assurance, testing, inspection, and certification services in addition to auditing, consulting, sourcing, and training services for the chemical, construction and engineering, energy and commodities, food and healthcare, transportation, and hospitality and tourism industries. In July 2021, Intertek acquired JLA Brazil, a leading provider of food, agri and environmental testing solutions. The aim of this acquisition is to enter the fast-growing agri-food and beverage testing market in Brazil.

 

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The Europe region is the dominant market for dairy testing and is expected to experience the fastest growth only second to Asia-Pacific. The major producers of milk in the EU region are Germany, France, Poland, the Netherlands, Italy, and Spain. Together these countries account for around 70% of the total milk production. Globalization has increased the international trade of milk and dairy products and has had a major impact on global dairy supply. However, the increase in trade has resulted in higher risk of contaminated milk and dairy products reaching dairy producers and processors, and end consumers in distant markets due to instances of cross-contamination, exposure to toxins, microorganisms, and other contaminants. Manufacturers have been using dairy testing services to ensure safety and quality of their products and to comply to the international standards.

Biostimulants Market Growth Opportunities by 2026

The global biostimulants market is estimated at USD 3.2 billion in 2021; it is projected to grow at a CAGR of 12.1% to reach USD 5.6 billion by 2026. The market for biostimulants is projected to grow in the coming years due to the increasing consumer awareness about the sustainable agricultural practices, and demand for residue free food. With the advancement in technologies, the increasing need for sustainable agriculture, and intense research on this market, formulations for blending multiple active ingredients have been developed by major players.

 

 

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The biostimulants market consists of a few globally established players such as BASF SE (Germany), UPL (India), Adama (Israel), and Bayer AG (Germany). These players have adopted growth strategies such as collaborations and acquisitions to increase their presence in the global market.

 

BASF SE is one of the leaders operating in the chemical industry with various business segments such as chemicals, performance products, functional materials and solutions, agricultural solutions, and others. Under these broad categories, it offers products such as intermediate chemical products, monomers, petrochemicals, dispersions & pigments, care chemicals, nutrition & health, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, and crop protection. It provides biostimulant products through its agricultural solutions unit. From 1st January 2019, the company has revised its business segments as chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. The company has renamed its crops protection segment as agricultural solutions after acquiring some of the significant businesses from Bayer in August 2018. BASF SE has a strong global presence with its operations through subsidiaries and joint ventures in more than 90 countries through the functioning of six integrated production sites and 355 other production sites in Europe, Asia, Australia, the Americas, and Africa.

 

UPL is one of the leading companies that offer total crop solutions in order to secure the food supply. Its business segments are divided into various segments such as seeds, crop protection, bio-solutions, post-harvest, aquatics, farmer engagement, and other businesses. The company has its presence in over 130 countries with 48 manufacturing plants. Acquisition is one of the major strategies of the company to achieve a market position. In February 2019, UPL announced the complete acquisition of Arysta Lifesciences that was proposed in the year 2018 to Platform Specialty Products under which Arysta was operating as a subsidiary. This acquisition helps UPL to widen its biostimulants portfolio. Arysta LifeScience Corporation is a global specialty chemicals company, primarily engaged in offering a broad spectrum of products such as insecticide, herbicide, fungicide, biostimulants, and other value-added nutrients. Arysta LifeScience deals with the development, sales, and distribution of chemical solutions for agriscience and life science markets.

 

Syngenta Group acquired Valagro, through its business unit Syngenta Crop Protection in October 2020. However, it is decided so that Valagro will continue to operate as an independent brand in the market within the Syngenta Crop Protection business. Valagro S.p.A is one of the leading companies in the production and marketing of biostimulants and fertilizers. The company operates with its 12 subsidiaries across the globe. Apart from its production site in Italy, it also owns two active production facilities in Norway, two in India, and one in Brazil. Valagro S.p.A offers farm products such as plant biostimulants, water-soluble nutrition, and micronutrients. The company follows the growth strategy of introducing new products and entering into agreements for enhanced R&D. The company’s strength has been to develop diverse product formulations based on different and innovative components. The product portfolio of Valagro S.p.A covers almost all the crops as well as has target-specific functions. The company operates under two business segments—farm for agriculture and industrials for the local and international industry.

 

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The agriculture industry in Asia, particularly in the Southeast Asian countries, has witnessed effective transformation due to various technological advancements. This has resulted in the adoption of intensive agricultural practices and has led to a decrease in the nutrient levels of the soil. To revitalize the soil, the use of inoculants and biostimulants has been recommended by the agricultural authorities in various countries of Asia. Biostimulants enhance the physiological activities of the seed for early emergence and for optimum crop development at later stages under various climatic and agronomic conditions in the region.

Liquid Fertilizers Market Growth by Emerging Trends, Analysis, & Forecast

The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach USD 3.0 billion by 2025, recording a CAGR of 4.4%. The growth of the liquid fertilizers industry is driven by various factors due to its ease of use and rapid absorption by the soil and plants, which in turn, ensures that nutrients reach crops faster than other forms of fertilizers.

 

 

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Key players in the liquid fertilizers market include 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), and EuroChem Group (Switzerland). Product innovation, expansions, mergers & acquisitions, agreements, collaborations, and partnerships were some of the core strengths of the leading players in the liquid fertilizers market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the liquid fertilizers market include 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), and Agzon Agro (India).

 

Nutrien Ltd. (Canada) Nutrien has the largest crop nutrient product portfolio, which is combined with a global retail distribution network that includes more than 1,500 farm retail centers. The company is a leading manufacturer and distributes over 27 million tonnes (29.76 million tons) of nitrogen, potassium, and phosphate products for industrial, agricultural, and feed customers worldwide. The company has a wide-ranging agricultural retail network that provides services to over 500,000 grower accounts. The company has a network of nearly 1,700 retail locations in seven countries, along with operations and investments in 14 countries, globally. The company has its presence in regions such as North America, South America, Europe, Asia, Africa, and Australia.

 

Yara International ASA (Norway) is one of the largest fertilizer manufacturing companies in the world. The company is primarily engaged in producing and distributing mineral fertilizers and environmental solutions. It manages its business primarily through three business segments, namely, downstream, industrial, and upstream. The company offers its liquid fertilizer products through its product portfolio and is available in potassium, phosphorus, and sulfate forms. The company offers fertilizer brands, such as YaraBela, YaraLiva, YaraMila, YaraTera, YaraVera, and YaraVita. The company offers a complete fertilizer portfolio to growers, globally, under its downstream segment, and also offers ammonia, urea, nitrates, and other nitrogen-based fertilizer products under its upstream business segment. The company offers fertilizers of various nutrients, such as nitrogen, phosphorus, potassium, calcium, and magnesium.

 

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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.

Lactase Market Growth Opportunities by 2025

The global lactase market size is estimated to be valued at USD 217 million in 2020 and is projected to reach USD 298 million by 2025, recording a CAGR of 6.5% during the forecast period. Lactase also plays a major role in increasing the shelf-life of dairy products, thus increasing their freshness. Due to its importance in the food industry and the rising level of lactose intolerance, lactase is gaining popularity in the dairy industry. These are the major factors encouraging the growth of the lactase market globally.

 

 

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Key players in this market include Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Koninklijke DSM N.V (the Netherlands), Novozymes (Denmark), Merck KGaA (Germany), DuPont (US), Senson (Finland), Amano Enzyme (Japan), Advanced Enzyme Technologies (India), Enmex (Mexico), Antozyme Biotech Pvt. Ltd. (US), Nature Bioscience Pvt. Ltd. (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Corporation (India), Novact Corporation (US), Enzyme Bioscience (India), Infinita Biotech Private Limited (India), Rajvi Enterprise (India), and Mitushi Biopharma (India).

 

DuPont(US) is a global leader in the development lactase from different sources and for wide range of applications. DuPont has 16 production bases globally and provides products and business solutions to 95 countries in regions such as Europe, North America, Asia Pacific, South America, and the Middle East.

 

DuPont Danisco launched Nurica, a dairy enzyme to help the lactose-free product manufacturers to meet consumer demand for clean label products. Danisco provides improved nutrition, better taste, texture, and greater cost efficiency. This new product launch will help the company to strengthen the product portfolio and also will the help the company becoming global leader in high-value enzymes for catering dairy industry.

 

Novozymes (Denmark) is one of the major players in the lactase market. Novozymes is a major bio-innovation company providing biological solutions, which involve various applications of enzymes and microbes. The company offers Lactozyme Pure, saphera, and saphera fiber to cater dairy industry for manufacturing of lactose-free products. It records 33% of the sales through essential food & beverage products. The company is growing significantly in European region mainly in countries like France, Germany, and Italy. It also has a strong presence in the North American region.

 

The lactase market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, ice-cream, and flavored milk. Increasing awareness about lactose intolerance among consumers and growing inclination towards health promoting dietary supplements are the key factors that are projected to drive the growth of the market in the North American region.

 

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The fastest-growing market is Asia-Pacific for lactase. The increase in awareness and self-diagnosis among the lactose intolerant population, also growing consumption of lactose-free products offers potential growth for the lactase manufacturers in the region. The increase in health concerns and the growing trend of opting for reduced added sugar/no added sugar claims have created growth opportunities for lactase in the region. Major players such as Valio Ltd. (Finland), expanded its production facility in China to cater lactose-free products for lactose intolerant population.

Food & Beverage Metal Cans Market Growth Opportunities by 2025

The food & beverage metal cans market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1% during the forecast period. The increasing demand for sustainable packaging drives the growth of the food & beverage metal cans market.

 

 

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Key players in this market include Crown Holdings, Inc (US), Ball Corporation (US), Silgan Holdings Inc. (US), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), CPMC Holdings Limited (China), Huber Packaging Group GmbH (Germany), CCL Industries (US), Toyo Seikan Group Holdings Ltd (Japan), Universal Can Corporation (Japan), Independent Can Company (US), Mauser Packaging Solution LLC (Germany), Visy (Australia), Lageen Food Packaging (Israel), Massilly Holding S.A.S (France), P. Wilkinson Containers Ltd. (UK), Unimpack (The Netherlands), Müller und Bauer GmbH (Germany), and Allied Cans (Canada).

 

Crown Holdings, Inc (US) is a key supplier, offering products for food & beverage metal packaging. Its operations focus on making it a specialty metal packaging company, which is growing sustainably by incorporating new foundational platforms into its own technologies. It is pursuing competitive superiority by creating demand and by developing high-value-added and customized products based on client requirements.

 

In 2018, the company acquired Signode Industrial Group Holdings (Illinois) Ltd., a leading global provider of transit packaging systems and solutions. This acquisition helped the company to strengthen its geographic reach and market position in the US.

 

Ball Corporation (US) is a public registered company headquartered in the US and one of the leading developers, manufacturers, and distributors of metal packaging. The company works in collaboration with the brands and retailers, and packaging manufacturers to design circular economy solutions to maintain its market position.

 

Ball Corporation offers products for metal packaging of beverage cans such as standard cans and specialty cans. In October 2019, the company expanded its manufacturing plants in Rome, Georgia to cater to the growing demand for beverage packaging in the US.

 

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The Asia Pacific food & beverage metal cans market is projected to have higher growth potential in the coming years. A large consumer market and increasing disposable income in India and China are driving the growth of the demand for high-quality metal packaging. Also, China is the hub for the manufacture of metal cans and has sufficient manufacturing plants to meet the demand for food & beverage metal packaging. Moreover, rapid urbanization in countries such as India and China are expected to result in high growth of the food & beverage metal cans market in Southeast Asia during the forecast period.

Technical Enzymes Market Growth by Emerging Trends, Analysis, & Forecast

The global technical enzymes market size is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2026, recording a compound annual growth rate (CAGR) of 4.0% during the forecast period, in terms of value. The increasing trend of environmental concerns in developing countries and advancements of R&D activities for technical enzymes are the major factors that are projected to drive the growth of the technical enzymes market. However, the cost of enzymes usage in various industrial applications remains high during the formulation process of technical enzymes, which is projected to inhibit the growth of the market.

 

 

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Key technical enzymes players include BASF (Germany), DuPont (US), Associated British Foods (UK), Novozymes (Denmark), DSM (Netherlands), Dyadic International (US), Advanced Enzymes Technologies (India), Maps Enzymes (India), Epygen Labs (India), Megazyme (Ireland), Aumgene Biosciences (India), Enzymatic Deinking Technologies (US), Tex Biosciences (India), Denykem (UK), MetGen (Finland), Creative Enzymes (US), Sunson Industry Group (China), Transbiodiesel (Israel), Enzyme Supplies (UK), and Enzyme Solutions (US). New product launches and expansions were the dominant strategies adopted by major players, followed by collaborations. These strategies have helped them to increase their presence in different regions.

 

Novozymes (Denmark) is a major bio-innovation company providing biological solutions, which involve various applications of enzymes and microbes. The company catered to industries such as household care, food & beverages, bioenergy, agriculture & feed, and technical & pharmaceutical. However, the bioenergy segment of the company delivered strong growth since 2017. The company offers products for bioenergy, which converts plant materials and waste to biofuels. Using these biofuels, the company’s objective is to reduce carbon dioxide emissions by 50%–90% compared with conventional gasoline. For instance, in May 2019, Novozymes (Denmark) has partnered with Alibaba’s 1688 platform to offer industrial biotechnology products in China.

 

DuPont (US) is a global chemical company that has been focusing on technology-driven innovations in providing products and solutions to various industries. DuPont Nutrition & Biosciences (Denmark) is the subsidiary of DuPont, which offers enzymes under the industrial biosciences. The company has segregated its business segments as animal nutrition, food & beverage, personal care, bioenergy, fabric & home care, textile processing, biomaterials, and microbial controls. The company has been focusing on enhancing its market presence in the Asia Pacific and North American regions. For instance, in February 2019, DuPont Nutrition & Biosciences extended its collaboration with Essential Ingredients (US) to distribute DuPont’s personal care portfolio. Additionally, Essential Ingredients would also distribute the company’s cleaning enzyme solutions in the North American region.

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The Asia Pacific region projected to grow at the highest CAGR between 2019 and 2026. The increasing demand for technical enzymes in starch and textile & leather industries is projected to create lucrative growth opportunities for manufacturers in the market in the Asia Pacific region. This dominance is majorly due to the change in technological innovations in machinery, synthetic fibers, logistics, and globalization of business. Furthermore, the shift of industrial operations such as textile & leather production from developed nations in North America and Western Europe into the Asia Pacific region over the past decade has boosted the market for technical enzymes.

Carotenoids Market Will Hit Big Revenues In Future

The global carotenoids market size is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, recording a compound annual growth rate (CAGR) of 4.2%, in terms of value, during the forecast period. Carotenoids are a group of yellow to red pigments, including the carotenes and the xanthophylls, found particularly in plants, algae, and photosynthetic bacteria and certain animal tissues. The increase in the usage of carotenoids as food colorants and the advancements end-user technologies are the major factors that are projected to drive the growth of the carotenoids market.

 

 

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Key carotenoids market players include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), Excelvite Sdn. Bhd. (Malaysia), AlgaTechnologies Ltd. (Israel), Zhejiang NHU Co. Ltd (China), Dynadis SARL (France), Deinove SAS (France), Vidya Europe SAS (France), and Divi’s Laboratories (India). Product launches, expansions & investments, mergers & acquisitions, agreements, joint ventures, and partnerships were the dominant strategies adopted by major players. These strategies have helped them increase their presence in different regions.

 

KoninklijKE DSM (Netherlands), is a global science-based company engaged in health, nutrition, and materials businesses. The company operates through three segments, namely, nutrition, materials, and innovation center, and corporate activities. Carotenoids are offered under the nutrition segment and are used for a variety of applications in industries, such as food, feed, supplements, and pharmaceutical. The company is engaged in enhancing its market presence in the global carotenoids market through investments. For instance, in June 2018, Koninklijke DSM invested USD 3 billion to expand its nutrition business that includes carotenoids, vitamins, and enzymes.

 

BASF (Germany), is a leading chemical company, which manages its businesses through five segments, namely, chemicals, performance products, functional materials and solutions, agricultural solutions, and others. The performance products segment consists of four divisions, namely, nutrition &health, performance chemicals, dispersion & pigments, and care chemicals. Carotenoids are offered under the nutrition and health segment and have been categorized as animal nutrition (feed products) and human nutrition (food and beverage and supplements). It focuses on developing products to meet the EU regulatory requirements of feed. For instance, in September 2018, it launched new product lines, namely, Lucantin red 10% (Canthaxanthin), Lucantin Yellow 10% NXT ( C30 Ester), and Lucantin CX 10% NXT (Cintraxanthin) to meet the EU regulatory requirements for feed, which does not use antioxidant ethoxyquin.

 

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The Europe region is forecasted to dominate the carotenoids market in terms of market share during the forecast period. This is due to the presence of consumers who are demanding natural and clean-label food products. The players in food and feed industry in Europe are widely using natural ingredients as a colorant in their products and easy availability of carotenoids makes it a preferrable option for these manufacturers. Furthermore, growing ageing population has led to increase in demand for carotenoids as it may benefit in curing cataract and other eye disorders.

Feed Antioxidants Market to Showcase Continued Growth in the Coming Years

The global feed antioxidants market is estimated to be valued at USD 356 million in 2019 and is likely to reach USD 474 million by 2025, growing at a CAGR of 4.9% during the forecast period. Factors such as the rise in demand for quality feed, improved technology for feed production, and an increase in the standardization of meat products stimulate the growth of the feed antioxidants market across the globe.

 

 

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Among the animal segment, the feed antioxidants market was dominated by poultry in 2018. In poultry production, one of the major factors for feed is the cost, hence reducing feed costs per bird is a priority. Poultry production has to be efficient as feed has to be converted into meat and eggs. Feed costs can be reduced by adding feed additives such as enzymes and antioxidants, which increase digestibility and prevent the loss of nutrients, with the result that the poultry gains more nutritional value from the same amount of feed. Companies such as Cargill, Koninklijke DSM N.V., and Kemin provide feed antioxidants such as carotenoids, tocopherols, synthetic antioxidants and citric acid, BHT, butylated hydroxyanisole (BHA), and tocopheryl acetate for the poultry industry. BHT, BHA, and ethoxyquin are the most commonly used feed antioxidants for poultry.

 

The dry form dominated the feed antioxidants market in 2018. It experiences a higher demand among feed manufacturers, as it is easy to mix with feed, easy to store, and convenient to handle. Additionally, dry antioxidants such as powders, granules, and beadlets are more economical as compared to liquid alternatives.

 

The powder form of feed antioxidants dominated the dry feed antioxidants market. Powders witness higher demand as they are convenient to coat over the feed. In addition, as the size of the powder form is consistent, it helps to be coated on the feed easily. Antioxidants such as carotenoids, ethoxyquin, BHT, BHA, and TBHQ are available in this form. These antioxidants are preferred as they are also easy to use in combination with other feed antioxidants.

 

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Asia Pacific accounted for the largest share in the feed antioxidants market. Asia, being the largest continent with a relatively fast economic development, is witnessing a rising demand for quality meat. Consequently, to produce quality meat, feed antioxidants are gaining importance. According to the Food and Agriculture Organization (FAO) 2016, the presence of a large livestock population and their growth rate drove the feed antioxidants market in the Asia Pacific region. The rise in demand for feed is leading to an increase in the number of feed mills in the region. Furthermore, countries such as India and Japan have witnessed an increase in the number of feed mills and feed production. According to the Alltech Feed Survey of 2018, the region experienced a 7% increase in its feed production from 356.5 million tons in 2012 to 381.1 million tons in 2017. While India and Japan demonstrate constant growth, China contributes to a significant share in the Asia Pacific feed production market. At the same time, Thailand and Indonesia are emerging as feed producing countries. Asia Pacific region has 80% of the global feed companies in this region. In addition, the hot and humid climate of the Asia Pacific region drives the demand for feed antioxidants. Thus, Asia Pacific is a highly competitive market in the feed antioxidants market.

Factors Driving the Controlled Release Fertilizer Market

The global controlled release fertilizers market is estimated at USD 2.4 Billion in 2021; it is projected to grow at a CAGR of 6.4% to reach USD 3.3 Billion by 2026. The necessity for highly efficient fertilizers, increase in environmental concerns, favorable government policies and regulations, and increasing adoption of precision farming technology are key factors that are projected to drive the growth of the controlled release fertilizer market during the forecast period.

 

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The controlled release fertilizers market consists of a few globally established players such as Yara International ASA (Norway), Nutrien Ltd. (Canada), The Mosaic Company (US), ICL Group (Israel), Nufarm Ltd. (Australia), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemical (US), and SQM (Chile), Haifa Chemicals (Israel), JCAM AGRI Co., Ltd. (Tokyo), COMPO EXPERT GmbH (Germany), The Andersons Inc. (US), Van Iperen International (Netherlands). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.

 

Yara, formerly known as Norsk Hydro in 1905, changed its name to Yara International ASA in 2004, which is primarily engaged in the manufacture and marketing of fertilizers and industrial products. The company operates through major business segments, namely, fertilizer and chemical products, freight and insurance services. The company has its presence in 160 countries in Europe, Africa, Asia, North America, and South & Central America. Yara has 10,800+ retail outlets around the world. It operates through its subsidiaries, including Yara China Ltd. (China), Yara Guatemala S.A. (Guatemala), Yara North America, Inc. (US), Yara Colombia Ltda. (Colombia), Yara Hellas S.A. (Greece), and Yara Asia Pte. Ltd. (Singapore). It has global operations in more than 60 countries and sales offices in more than 160 countries. The company provides slow-release fertilizers and micronutrient-coated fertilizers through its brands, namely, YaraMila, YaraVita, and Yara Vera.

 

Nutrien, Ltd. was formed in 2018 through a merger between Agrium, Inc. (Canada) and Potash Corporation of Saskatchewan Inc. (PotashCorp) (Canada) to become one of the world’s largest premier providers of crop inputs and services. Nutrien Ltd. has the most extensive crop nutrient product portfolio, combined with its global retail distribution network, which includes more than 1,500 farm retail centers. The company is a leading manufacturer and distributes over 27 million tons of nitrogen, potash, and phosphate products for industrial, agricultural, and feed consumers worldwide, and the company also has an additional 5 million tonnes (5.5 million tons) of potash capacity. Nutrien Ltd. is the third-largest nitrogen producer in the world with over 7 million tonnes (7.7 million tons) of gross ammonia capacity and the ability to produce more than 11 million tonnes (12.1 million tons) of total nitrogen products in the US, Canada, and Trinidad. The company is involved in potash crop products (fertilizer, feed, industrial, metal finishing and purified acids) and Agrium products (Fertilizer, feed and industrial products). The company provides its fertilizer products in dry form and liquid form. The company offers fertilizer products such as nitrogen (dry), nitrogen (liquid), potash (dry), potash (liquid), industrial (dry), and industrial (liquid).

 

ICL, also known as Israel Chemicals Ltd., is a global manufacturer of fertilizers, chemicals, and minerals. It provides potash, phosphate, and advanced technology-based specialty fertilizers. Through specialty fertilizers, the company offers controlled-release fertilizers for crops such as ornamentals, fruits & vegetables, and turf. The company serves three key sectors, namely, agriculture, food, and engineered materials. The company operations are organized under four segments Industrial Products (Bromine), Potash, Phosphate Solution, and Innovative AG Solutions. Innovative Ag solution includes specialty fertilizer business. The company’s manufacturing operations are located in Israel, Europe, North & South America, and China.

 

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Demand for controlled-release fertilizers has been growing in this region, due to increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers to attain export quality. Additionally, the regulations for controlled-release fertilizers are favorable in this region. China is estimated to account for the largest share in the Asia Pacific controlled-release fertilizers market due to the increasing investments by several multinational manufacturers in research & development.

Agricultural Adjuvants Market Will Hit Big Revenues In Future

The agricultural adjuvants market size is estimated to be valued at USD 3.7 Billion in 2022 and is projected to reach USD 4.7 Billion by 2027, recording a CAGR of 5.2% during the forecast period in terms of value. Due to high adoption rate of sustainable agricultural practices in North America and European regions, the demand for agricultural adjuvants is substantially increasing.

 

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Key players in this market include Corteva Agriscience (US), Evonik Industries (Germany), Croda International (UK), Nufarm (Australia), Solvay (Belgium), BASF SE (Germany), Huntsman Corporation (US), Clariant AG (Switzerland), Helena Agri-Enterprises LLC (US), Stepan Company (US), Adjuvant Plus Inc., (Canada), Wilbur-Ellis Company (US), Brandt, Inc. (US), Plant Health Technologies (US), Innvictis Crop Care LLC (US), Miller Chemical and Fertilizer, LLC (US), Precision Laboratories, LLC (US), CHS Inc. (US), WinField United (US), Kalo Inc. (US), Nouryon (Netherlands), Interagro Ltd. (UK), Lamberti S.P.A (Italy), GarrCo Products, Inc. (US), Drexel Chemical Company (US), and Loveland Products Inc. (US).

 

The existing players in the agricultural adjuvants market are focused on improving their market shares while new startups are being established rapidly. The top players in the market have been focusing on expanding their market presence, enhancing their solutions, and partnering with many channel partners and technology companies to cater to consumers across the globe. The agricultural adjuvants market has many organized players at the global level and unorganized players at the local level in several countries. The top ten players in the industry have the majority of the market share. Furthermore, for new entrants, the entry barrier is too high as, this industry requires innovations in formulation of new agrochemical adjuvant products in order to stand out in the global market.

 

BASF SE is one of the top players in agricultural adjuvants market in 2022. It is a chemical manufacturing company operating in the market segments of chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. Since January 1, 2019, BASFs activities were bifurcated into six segments—chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Some of the subsidiaries of BASF include Wintershall (Germany), Engelhard Corporation (US), PCI Augsburg GmbH (Germany), and Watson Bowman ACME (US). The company is currently focused in introducing new products in the agricultural adjuvants market. For instance, in March 2022, BASF launched an innovative product called Vesnit® Complete, an in-formulation adjuvant, which is a combination of two different modes of action i.e., Topramezone & Atrazine, and an inbuilt adjuvant which makes it unique in effectively controlling grasses & broadleaf weeds for longer duration.

 

Clariant AG develops, manufactures, distributes, and sells a wide range of specialty chemicals. It operates through four business segments such as care chemicals, catalysis, natural resources, and plastics & coatings. The company offers adjuvants through its care chemicals segment. It offers various types of surfactants for crop care and personal care formulations. The company is focused in acquiring and expanding its production across the globe. For instance, in September 2020, the Company, through its subsidiaries in Mexico, acquired Clariant (Mexico) S.A. de C.V.’s (Clariant) anionic surfactant business located in Santa Clara, Mexico. The acquisition did not include the purchase of a manufacturing site. And in May 2020, Clariant increased its production capacities at the European and US units, which will facilitate the company to fulfil the rising demands for the same in the countries.

 

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North America is the leading consumer of pesticides due to the high regulatory compliance requirements for pesticide application. As the adoption rate of agricultural adjuvants in these countries remains high, North America dominated the market in 2021. This market is also projected to witness a steady demand during the forecast period.

 

Since the number of bans on the usage of chemical pesticides in European countries is increasing, the market for agricultural adjuvants is projected to grow at a sluggish rate in this region compared to other regions. On the other hand, with increasing investments in the expansion of production facilities in the Asia Pacific, the market in this region is projected to witness exponential growth during the forecast period.

Soil Conditioners Market: Growth Opportunities and Recent Developments

The global soil conditioners market is estimated to be valued at USD 1.7 billion in 2020 and is projected to reach USD 2.5 billion by 2025, recording a CAGR of 8.3%. The market has high growth potential in emerging markets, such as Asia Pacific, South America, and Rest of the World (RoW), as these regions are backed by an expanding population base leading to an increased demand for agriculture crops in the region. Countries such as China and India are expected to be key revenue generators since these countries are among the leading producers of crops such as rice and wheat at a global level. Apart from this, in South America, Brazil is ranked among the leading producers of crops such as sugarcane, corn, and soybean. These countries are expected to create a lucrative opportunity for soil conditioner manufacturers in the years to come.

 

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By type, the soil conditioners market is segmented into surfactants, gypsum, super absorbent polymers, and other types. The surfactant type accounted for a larger share during the forecast period. Surfactants are chemical substances that increase the function of penetration of an agrochemical by lowering its surface tension. They are also termed as soil wetting agents. The increased demand for crops in developing countries such as India, China, and Brazil is expected to drive demand for surfactants in the years to come. These countries are key producers of various crops, and with the rise in population, the demand for crops is only expected to increase in the years to come.

 

On the basis of soil type, the soil conditioners market is segmented into sand, clay, silt, and loam. Loamy soil finds its applications in gardening and agricultural purposes, owing to its water-retention capacity. This soil is suitable for most crops and vegetables. It has a high calcium content and a high aeration capacity. It is widely available across regions, due to which this segment is projected to be growing at a faster rate during the forecast period.

 

Based on formulation, the soil conditioners market is segmented into dry and liquid. The liquid segment is projected to witness faster growth during the forecast period. The liquid forms are applied on a volume basis rather than a weight basis. The liquid form provides various options for crop growers to mix soil conditioners with insecticides, fungicides, or adjuvants. Compared to the dry form, little quantity of liquid soil conditioners is enough to cover larger crop areas, making it a preferable choice among farmers.

 

By crop type, the soil conditioners market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. The fruits & vegetables segment is projected to witness a faster growth during the forecast period. According to the FAO, in 2017-18, India was the second-largest producer of fruits & vegetables at a global level, accounting for a share of 8.6% of the total global production. Thus, the country is expected to be one of the key revenue generators for soil conditioner manufacturers in the years to come.

 

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The market in South America is projected to drive market growth during the forecast period, in terms of value. South American countries have agricultural hubs such as Brazil, Argentina, and Chile, which contribute to the major farm outputs in the region. Brazil is the largest producer of soybean in the region as well at a global level. It is also the largest producer of other crops such as sugarcane and other key crops at a global level. The farmers in the region have largely adopted the use of liquid soil conditioners and wetting agents, as they are easy to apply, do not require much labor, and increase the yield. The availability of arable land and the expansion of farmlands, especially in Brazil, Argentina, and Chile, promise the growth of this market. Moreover, the need to improve the per hectare crop yield is another opportunity for the growth of the soil conditioners market in South America.

 

Key players such as BASF (Germany) and UPL (India) in the soil conditioners market are focusing on new product launches and acquisitions to expand their global footprint.