Upcoming Growth Trends in the Carotenoids Market

The 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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Increasing application for astaxanthin as food color has led the segment to account for the highest market share in the carotenoids market

Astaxanthin accounts for the largest share in the market, during the forecast period. Astaxanthin is found in certain algae and has a red pigment. Due to its red pigment, it is now being widely used in meat products to impart color. It is used in food products such as salmon, lobster, trout, shrimp, and other seafood products. Moreover, it is also now being used as it helps in fighting diseases such as Parkinson’s disease, the prevention of macular degeneration, and the Alzheimer’s disease.

Natural segment is projected to grow at faster CAGR in the carotenoids market during the forecast period as consumers are demanding natural food products

The natural segment is forecasted to grow at higher CAGR in the market during the study period. This can be attributed to increase in biological activities and high antioxidant properties offered by natural carotenoids. During last few decades there has been increasing concern over the chemical ingredients used in various food products. Consumers across the globe are now demanding for food products with natural ingredients as they are perceived as safer fand healthier for consumption. This has driven the demand for natural carotenoids in food industry. 

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The Europe region is projected to account for largest market share in the carotenoids market during the forecast period due to increase demand for clean-label products 

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.  

The prominent vendors in the carotenoids market 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), and Dohler Group (Germany).

Feed Antioxidants Market Growth Opportunities by 2025

 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 of the feed antioxidants market in 2018. Asia Pacific, being the largest continent with a relatively fast economic development, is witnessing a rising demand for meat. Consequently, to produce quality meat, feed antioxidants are gaining importance and being incorporated to prevent spoilage and increase shelf-life.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the feed antioxidants market. It includes the profiles of leading companies such as Cargill (US), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nutreco (Netherlands), Kemin (US), Adisseo (France), Perstorp (Sweden), Alltech (US), Caldic (Canada), Novus International (US), Chemical Fine Sciences (India), Oxiris Chemical (Spain), VDH ChemTech (India), Zhejiang Medicine (China), BTSA (Spain), Bertol Company (Czech Republic), FoodSafe Technologies (US), Videka Company (US), Lallemand Animal Nutrition (Canada), and Industrial Tecnica Pecuaria (Spain).

Pesticide Inert Ingredients Market to Showcase Continued Growth in the Coming Years

The global pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.

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Pesticide inert ingredients for the herbicide segment is estimated to have the highest share during the forecast period.

Pesticide inert ingredients are used in herbicide spray solutions to accentuate the emulsifying or other surface modifying properties of liquids. Inert ingredients are mostly present in herbicide treatment solutions with the aim to improve the penetration of active ingredients into plant foliage or to reduce foaming activity of the spray solution. Also, with reference to the herbicides available in the market, the amount of inert ingredients used in herbicide solutions are higher compared to insecticides and fungicides.

High adoption of inert ingredients in the North American region also drives the overall pesticide inert ingredients market. The major use of the formulation of herbicides is in the form of emulsifiers and solvents.

The dry segment in terms of forms of pesticide inert ingredients is projected to witness the fastest growth during the forecast period.

Dry inert ingredients are available in various forms such as wettable powders, dust, granules, and talc. The dry form of inert ingredients is majorly used in the formulation of herbicides and rodenticides. Dry forms of pesticides help in attracting rodents in the fields and thus are preferred in agricultural fields for repelling and skilling rodents. The high share of herbicides in the pesticide industry also drives the market for dry inert ingredients.

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The Asia Pacific is projected to witness the fastest growth in the inert ingredients market through 2023.

Agriculture is one of the largest industries in the Asia Pacific region, with a large share of farmland and good soil fertility. Moreover, the region is rich in plant diversity due to the wide variations in climate across countries. Even though there is a variation in the agriculture system from basic systems in India to the technically advanced ones in Japan, the agenda of food security is supported by local governments in the Asian countries. The Asia Pacific region is one of the leading consumers of pesticides across the globe, though the region mainly depends on imports of pesticide supply. Since inert ingredients are majorly consumed by pesticide manufacturers at the production facility during the formulation stage, and since countries such as India, Thailand, and Vietnam depend on imports for formulations, the market for inert ingredients is projected to be smaller compared to the Americas and Europe. However, with the increasing establishment of production plants in the Asian countries, the use of inert ingredients along with pesticide application is projected to increase in the future. 

This report includes a study of development strategies for leading companies. The scope of this report includes a detailed study of major companies such as BASF (Germany), Clariant (Switzerland), DowDuPont (US), Stepan Company (US), and Croda International Plc. (UK). Other players in the market include Eastman Chemicals (US), Solvay S.A. (Belgium), Evonik (Germany), Huntsman Corporation (US), AkzoNobel (The Netherlands), Royal Dutch Shell (The Netherlands), and LyondellBasell Industries (Netherlands).

Trace Minerals in Feed Market Growth Opportunities by 2025

The global trace minerals in feed market size is estimated to be valued at 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 the rise in production of compound feed, and the increase in the importance of protein-rich diets among consumers across the globe opened new avenues for trace minerals in feed market. The major feed producing countries in the world include China, the US, Brazil, Mexico, Spain, India, and Russia. The where the demand for chicken and red meat has been growing. This in these countries, which has also contributed to the growth of the market.

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Opportunity: Increase in the bioavailability of trace minerals 

Bioavailability refers to the proportion of nutrients in food products, which is absorbed and utilized by the body of animals. In addition, utilization is the process of transportation, cellular assimilation, and conversion to a biologically active form. With the permissible limits being imposed on the use of trace elements in feed to reduce environmental risks, livestock farmers have not been able to improve feed conversion efficiency in livestock without providing a higher dosage of mineral supplements, as these elements are not easily absorbed by the digestive systems of animals. However, high demand is expected from unorganized livestock farmers and cooperative societies in developing countries. Therefore, manufacturers are developing techniques to supply these inorganic trace elements in organic forms, which would increase the bioavailability of these compounds and improve the productivity of livestock. The most commonly available trace elements in the organic form include copper, zinc, selenium, and chromium. The awareness about the benefits of organic mineral chelates among farmers is essential to bring a significant shift in the market demand for mineral supplements.

Europe is the fastest-growing market during the forecast period in the global Trace minerals in feed market 

The European market is one of the largest consumers of trace minerals in feed and is growing at a moderate rate. The wide-scale use of trace minerals in European animal nutrition is attributed to the European Commission’s focus on reducing input costs and enhancing animal health in the early stages of growth. The use of trace minerals in animal nutrition depends on factors such as cost-effectiveness, availability, policies, and regulations. Favorable conditions, such as rules pertaining to the use of feed materials, requirements for feed hygiene, and regulations pertaining to undesirable substances in feed set by the European Commission, have had a positive impact on the feed industry, which is projected to drive the growth of the trace minerals in feed market in Europe.

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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 Trace minerals in feed market. It consists of the profiles of leading companies such Cargill, Incorporated (US), (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Alltech (US), Zinpro (US), Orffa (Netherlands), Novus International (US), Kemin Industries, Inc. (US), Lallemand, Inc. (Canada), Virbac (France),  Global Animal Nutrition (US), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe (Germany),  Veterinary Professional Services Ltd. (Vetpro) (New Zealand), Chemlock Nutrition Corporation (US), dr. eckel animal nutrition gmbh & co.kG (Germany),  Vetline (India), Green Mountain Nutritional Services Inc. (US), Biorigin (Brazil), Tanke (China), JH Biotech, Inc. (US), QualiTech, Inc. (US)..

Nutraceutical Excipients Market to Showcase Continued Growth in the Coming Years

The global nutraceutical excipients market size is estimated to account for about USD 3.4 billion in 2020 and projected to reach a value of nearly USD 4.9 billion by 2025, growing at a CAGR of 7.3% from 2020 to 2025. The market for nutraceutical excipients market has been growing in accordance with the rise in demand and consumption for nutraceuticals, around the globe. The consumption of dietary supplements in the form of tablets and capsules has been witnessing an upsurge demand in recent times, owing to the growing awareness for health benefits offered by these products that helps to support the wellbeing of the consumers. The key driving factors of the nutraceutical excipients market include increasing consumer concerns regarding maintaining a balanced diet and growing consumer awareness about several diseases caused due to lack of intake of necessary nutrients as a result of imbalanced dietary lifestyles. Food fortification is one of the major trends, which is also fueling the nutraceutical excipients market in the functional food & beverage industry.

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Opportunity: High use of excipients with multifunctional properties is witnessed as an emerging trend among key players.

Multifunctional excipients are a class of excipients that include pre-processed and co-processed excipients that provide added functionalities to the formulation. For example, Silicified Micro-Crystalline Cellulose is a processed combination of MCC and colloidal silicon dioxide. These functionalities include flowability, compressibility, particle size distribution, shape, and porosity. The term multifunctional excipient is also extended to products that serve multiple roles in the formulation of dietary supplement and functional food & beverage line of products; for example, Ludipress is a co-processed product containing lactose, Kollidon, and Kollidon-CL, which serves the role of DC diluent with binder and disintegrant properties.

The demand for excipients with improved functionalities in the nutraceutical industry remains high, while also minimizing the drawbacks of incorporated excipients. According to the International Pharmaceutical Excipient Council (IPEC), a co-processed excipient is “a combination of two or more compendial or non-compendial excipients designed to physically modify their properties in a manner not achievable by simple physical mixing, and without significant chemical change.”

xcipient manufacturers are primarily focusing on developing newer excipients blends to achieve multi-functionalities, and, in turn, to grow strategically, since old excipients cannot address all the challenges related to nutraceutical formulations and the delivery of active ingredients. Thus, the multi-functionality of excipients helps in catering to the increased demand among industry players by saving on the costs incurred to produce a customized excipient.

North America is estimated to dominate the nutraceutical excipients market in 2020

North America accounted for the largest market share in 2019. The nutraceutical excipients market in North America is dominating, owing to the concentration of the global players such as DuPont (US), Kerry (Ireland), Cargill (US), and Ingredion (US). The market for nutraceutical excipients here is mature, and hence, the growth is moderate compared to other regions. Other factors contributing to the growth of nutraceutical excipients in North American region include the busy lifestyle of consumers, prevalence of chronic diseases due to hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of nutritional foods, including food supplements, which has driven the demand for functional food products. In addition, the use of technological advancements and new product launches have made excipients available for a wide range of applications in the fortified food & beverage, dietary supplements, and nutraceuticals sectors, which is projected to drive the growth of the market in the region.

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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the nutraceutical excipients market.  The key players in the nutraceutical excipients market include DuPont (US), BASF SE (Germany), Kerry Group PLC (Ireland), Ingredion Plc (US), Sensient Technologies (US), Associated British Foods (UK), Roquette Freres (France), Meggle Group Wasser (Germany), Cargill Inc (US), Ashland Global Holdings Inc (US), Seppic (France), Shin-Etsu Chemical Co Ltd (Japan), Fuji Chemical Industries Co Ltd (Japan), Pharmatrans Sanaq AG (Switzerland), Pioma Chemicals (India), Gattefosse (India), W.R.Grace & Co (US), Omya (Switzerland), Grain Processing Corp (US), and Gangwal Chemicals Pvt Ltd (India). The nutraceutical excipients market also consists of key start-up players, which include IMCD (Netherlands), Hilmar Ingredients (US), Innophos Holdings Inc (US), JRS Pharma (Germany), Biogrund GmbH (Germany), Pharma Line Intl Corp (South Korea), Jigs Chemical (India), Panchamrut Chemicals (India), Azelis Chemical Ltd (Europe), and Daicel Group (Japan).

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

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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Driver: Growth in demand for enhanced high-efficiency fertilizers 

Enhanced, efficient application of liquid fertilizers ensures that crops and plants receive nutrients in an amount that is required at the right time and at the right place, with minimum wastage. Enhanced efficiency fertilizers (EEF) are growing substantially in the agriculture industry in various fields such as cereals and industrial crops, as a result of the emergence of new urease inhibitors and inexpensive polymer coating technologies. Such application of enhanced efficiency fertilizers also helps in reducing the negative impact of nutrients by way of leaching into water reservoirs. 

By crop type, the fruits & vegetables segment is projected to be the fastest-growing segment in the liquid fertilizers market during the forecast period.

The trend of consuming fruits has witnessed a growth in the past two decades, and this trend is projected to continue in the coming years. According to the FAO, China is the largest producer of fresh fruits and vegetables, which has surpassed the production and growth in the US and India in 2018. The increasing exports of fruits & vegetables have also led to an increase in the crop plantation area, which has resulted in a rise in their production levels. Hence, the crop protection chemicals market for fruits & vegetables is projected to witness significant growth. This, in turn, is projected to drive the market. 

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The increasing demand for various crops in the Asia Pacific regions is driving the growth of the market. 

The increasing agricultural practices and requirement of high-quality agricultural produce are factors that are projected to drive the nitrogenous fertilizers market growth in this region. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the region consumes 90% of the global rice produced. Asian countries, such as Korea, China, Japan, and recently Vietnam, are applying high levels of nitrogenous fertilizers per hectare, for both short-term and perennial crops. Hence, the demand for liquid fertilizers is high in the region. 

Key players in this 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). These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. 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.

Agricultural Sprayers Market to Witness Unprecedented Growth in Coming Years

The global agricultural sprayers market is estimated at USD 2.5 billion in 2022. It is projected to reach USD 3.5 billion by 2027, recording a CAGR of 6.8% during the forecast period. With the growing world s population and the decreasing amount of arable land, the focus has shifted towards usage of modern agricultural techniques, like agricultural sprayers, to increase crop productivity. Increasing focus on farm efficiency and productivity, rising production of cereals & grains in Asian countries, and government support toward modern agricultural techniques are some of the major drivers driving the growth of the agricultural sprayers market.

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The self-propelled segment by type is projected to achieve the highest CAGR growth in the agricultural sprayers market.

Self-propelled sprayers are used to meet the large-scale productivity demand of crops. Although self-propelled sprayers have slightly higher initial costs, its lower application cost contributes to a higher ROI. Self-propelled sprayers can do the same job as pull-type machines for the same or less money, depending on the number of acres covered. A self-propelled sprayer becomes more cost-effective as the acres covered increases.

By capacity, the high-volume sprayers is projected to account for the highest CAGR 6.4% in the agricultural sprayers market.

The most common equipment for applying fertilizer and pesticides is high volume sprayers. The tanks capacity is significantly higher than that of other types of sprayers, which extends the spraying period by reducing the amount of time spent traveling and filling the tank. The benefit of using high volume sprayers is that they last longer and provide the crop with proper penetration and coverage of fertilizers, insecticides, and other chemicals.

The large farm segment by farm size is projected to account for the second largest market share in the agricultural sprayers market over the forecast period.

Farms larger than 200 hectares in size fall within the large farm segment. Considering economies of scale, self-propelled sprayers in agriculture are most suited for large types of farms. A distinguishing agronomic or economic advantage in agriculture is the ability to fully capitalize on planting or weed control opportunities. As a result large farms are able to produce grain yields that are significantly higher. Additionally, the revenue generated by these farms is more than double per unit of land area.

The other crop type segment is projected to observe the highest CAGR of 6.9% in the agricultural sprayers market during the forecast period.

Sprayers are among the most important agricultural tools required for crop production. Pest and weed infestation are serious issue in floriculture crops, turf, and ornamental plants, and there is a crucial need to prevent the infestations in fields which has led to increase in demand for agricultural sprayers. A major factor for the growth of agricultural sprayers in the other segment is the increasing application of plant regulators and herbicides in turf and ornamentals.

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Asia Pacific is projected to achieve the Highest CAGR of 6.8% in the agricultural sprayers market.

India, Australia, Japan, and other nations in the Asia-Pacific region are traditional agricultural countries. Traditional agriculture relied primarily on human labor and draught animals. The majority of modern agricultural operations depends on machinery, particularly fast, potent tractors, combines, and implements. Tractors with mounted and trailed implements such as sprayers allow the mechanization of many agricultural operations. Due to the increasing average farm size, larger, more upgraded sprayers are being used to meet farm needs rather than older, less efficient ones. This will drive market growth in the Asia-Pacific region during the forecasted period.

The key players in this market include John Deere (US), CNH Industrial NV (UK), Kubota Corporation (Japan), Mahindra & Mahindra Ltd (India), STIHL AG (Germany), AGCO Corporation (US), YAMAHA Motor Corporation (Japan), Bucher Industries AG (Switzerland), DJI (China), Exel Industries (France), Amazonen Werke (Germany), B group Spa (Italy), Case IH (US), HD Hudson Manufacturing Co (US), and Buhler Industries Inc (Canada). 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.

Vitamin & Mineral Premixes Market to Showcase Continued Growth in the Coming Years

The global vitamin & mineral premixes market is estimated to be valued at USD 7.2 billion in 2022. It is projected to reach USD 9.8 billion by 2027, at a CAGR of 6.4%, in terms of value, between 2022 and 2027. With the growing demand for nutritious pet food packed with all the micro-nutrients, the demand for vitamin & mineral premixes is witnessing significant growth. Furthermore, it has also been seen that the ownership of pets across the globe is significantly increasing, which is promoting the demand for healthy and nutritional pets, which, in turn, is fueling the demand for vitamin & mineral premixes across the globe.

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Vitamins segment to account for largest market share in vitamin & mineral premixes market

The vitamins segment accounts for a significant market share in the vitamin & mineral premixes market. Awareness, wide acceptance, and easy availability of different types of vitamins have accelerated the growth of the vitamin premixes market. The most commonly available and preferred vitamin premix blends include vitamins A, C, and E. They have a wide range of applications in the food industry. Also, multivitamin premixes support the growth of the vitamins segment, as consumers prefer a single source for multiple essential nutrients, as against too many individual sources.

Liquid segment projected to grow at a higher CAGR during the forecasted period.

Liquid vitamin & mineral premixes are widely used in beverages, healthcare products, and personal care products. These premixes, in water-miscible form, include vitamin A, vitamin AD2, and vitamin AD3. They are used to fortify food products, such as skimmed liquid milk, diet dairy products with low fat content, flavored milk, ice creams, juices, custards, jams, and soft drinks. Oil-soluble liquid premixes are usually preferred for vitamins A, D3, E, and K1.

Feed segment is expected to account for largest market share in vitamin & mineral premixes market.

Based on application, the feed segment is likely to dominate the market during the forecast period. Animal feed manufacturers are inclined to attain more animal output because various nutritious ingredients are used in animal feed, including vitamin & mineral premixes. An increase in consumer awareness regarding required pet nutrition has led to the demand for specialty nutrition and condition-specific pet health formulas, such as vitamin & minerals premixes for feed applications. Vitamin & mineral premixes help regulate the biological process of growth and reproduction in the animal body and help in bodybuilding.

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North America expected to be largest market for vitamin & mineral premixes market during forecast period.

Based on region, North America is expected to be the largest market for vitamin & mineral premixes during the forecast period. The North American market is largely driven by the increase in demand for healthy foods and functional foods & beverages, owing to the low level of exposure to essential nutrients caused by high consumption of processed & convenience foods due to their busy lifestyles. The rise in the incidences of obesity, heart diseases, and other health issues has led to the demand for high-nutrition dietary products. Vitamin & mineral premixes have been finding their way into new product applications, such as cereal-based products, dairy products, nutritional foods, beverages, infant formulas, and dietary supplements.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DSM (Netherlands), Corbion (Netherlands), Glanbia plc (Ireland), Vitablend Nederland BV (Netherlands), SternVitamin GmbH & Co. KG (Germany), Wright Enrichment Inc. (US), Zagro (Singapore), Nutreco (Netherlands), Farbest-Tallman Foods Corporation (US), Burkmann Industries, Inc. (US), Bar – Magen LTD (Israel), BASF SE (Germany), ADM (US), Innov Ad NV/SA (Belgium), Jubilant Ingrevia Limited (India), and IDENA (France).

Fruit and Vegetable Processing Market to Showcase Continued Growth in the Coming Years

The fruit and vegetable processing market is estimated to account for nearly USD 8.7 billion in 2022 and is projected to reach a value of nearly USD 11.8 billion by 2027, growing at a CAGR of 6.4% from 2022. The demand for fruit and vegetable processing is increasing significantly, due to the increasing consumption of processed fruit and vegetables products in developing countries such as China, India, South Africa and Brazil.

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Key players in this market include GEA Group (Germany), Alfa Laval (Sweden), JBT Corporation (US), Heat & Control Inc. (Sweden), Krones AG (Germany), Bühler (Switzerland), Marel (Iceland), Bigtem Makine A.S. (Turkey), Fenco Food Machinery S.R.L (Italy), Anko Food Machine co., Ltd (Taiwan), Syntegon Technology GmbH (Germany) and Finis (US).

The fresh fruits and vegetables segment is estimated to account for the largest share in the fruit and vegetable market

The fresh segment includes minimally processed agricultural produce. Fruits and vegetables are treated to be preserved and packaged to prevent wastage or spoilage(by microbial contaminants) during transport. Various government initiatives and food policy councils have been created to increase the consumption of fruits and vegetables which in turn increased the demand for fresh fruits and vegetables.

By product type, the fresh fruit and vegetable segment is projected to be the fastest-growing segment during the forecast period in the processed fruit and vegetables market .

During the forecast period, the fresh fruit and vegetables segment is projected to grow at the highest CAGR in the processed fruit and vegetables market, in terms of value. This segment is estimated to grow due to the increasing demand for ready-to-cook produce. Thus, due to the busy consumer lifestyles, demand for convenience food, growth in health awareness, demand for fresh and fresh-cut fruits & vegetables that save preparation time, and convenient storage & longer shelf life are expected to drive the market for processed fruits & vegetables.

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The Asia Pacific is estimated to dominate the processed fruit and vegetables market  in 2022.

The Asia Pacific is estimated to account for the largest market share in the processed fruits & vegetables market in 2022. The fruit & vegetable processing industry in developing economies such as Asia Pacific and South American countries has developed due to factors such increasing number of working women and middle-class population, bulk production of various agricultural products, and government subsidies in countries such as India, coupled with trade liberation.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the bakery processing equipment market. It includes the profiles of leading companies such as Conagra brands (US), Greencore group (Ireland), Nestle (Switzerland), Olam International (Singapore), The Kraft Heinz Company (US), Pepsico Inc. (US), AGRANA Group (Austria), Bonduelle (France), Dole Food (US), SVZ International B.V. (US), Sahyadri Farms (India), Diana Group S.A.S. (France) and Raje Agro Food (India)

Rodenticides Market Market to Showcase Continued Growth in the Coming Years

The global rodenticides market is estimated to be valued at USD 5.3 billion in 2022. It is projected to reach USD 7.1 billion by 2027, recording a CAGR of 5.8% during the forecast period. The rodenticides market is driven by rapid urbanization across regions. The increase in awareness on public hygiene, the prevention of vector-borne diseases, and the rise in purchasing power parity (PPP) among the middle-class population are factors that have encouraged the demand for pest control services, globally. In addition, government initiatives for maintaining environmental hygiene are projected to drive the demand for rodenticides. For instance, the “clean-up” movement in India has proven to be a major driver for the insect pest control industry.

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Increase in the global trade of rodenticides

Germany is one of the global leaders engaged in the export of rodenticides. It is followed by India, the US, the UK, Belgium, and Italy. Germany has a presence of major chemical companies, such as Bayer AG and BASF SE, which have a wide portfolio of insect pest control products. The country is a major exporter of rodenticides to countries, such as the Netherlands, the UK, and France. These countries import rodenticides due to their high-quality standards, fewer transportation costs, and easy accessibility. India is emerging as a potential export hub for high-quality rodenticides due to low-cost manufacturing and the security of patented new active ingredients. India majorly exports rodenticides to countries, such as Brazil, the US, and the Netherlands. China is a dominant exporter of rodenticides to Southeast Asian countries, such as Vietnam, Thailand, and Indonesia. This increase in demand for rodenticides across the globe is attributed to factors, such as government initiatives for health awareness programs, an increase in crop losses, and a rise in health concerns due to rodent attacks.

Sprays are Permitted for use only by Professional Pest Applicators

Most fumigants include phosphide compounds, such as zinc and aluminum phosphides. Bromides are also used for rodent treatment in a few countries. Carbon dioxide is also used as a fumigant against commensal mice. Fumigants or rodenticides in the spray form are used in warehouses, along with minimal use in agricultural fields. Sprays cannot be used in urban areas because they cause health concerns in humans and other non-target animals. Fumigants are used for destroying rodent burrows through gassing. It involves the insertion of either pellets or tablets in the rodent burrow, which are then sealed with soil. The gases evolved to build up to concentrations that are lethal to the rodents occupying the burrows

North America and Asia Pacific are the major exporters of crops across the globe. High quantities of grains are stored in warehouses, and fumigants, are majorly used in these warehouses for rodent control. In addition, sprays of zinc phosphide are used against mouse plagues in Australia.

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Asia Pacific is expected to be the fastest-growing region with a CAGR of 6.5% during the forecast period.

The Asia Pacific market is completely driven by the country markets of China, India, Japan, Australia, Thailand, Indonesia and few other Asian counties. 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. The food retail, food manufacturing, pharmaceutical, hospitality, and residential sectors are expected to be major growth verticals in this market.Asia Pacific is expected to be the fastest-growing region during the forecast period due to several reasons. One of the major drivers of the market is the fact that agriculture is one of the most significant revenue-generating sectors in China and India. The growing population within the region is urging the farmers to provide a maximum yield to fulfill the demand of the increasing population. In such cases, the increasing crop damage and decreasing food production due to rodents are expected to leverage this market positively.

Key players in this market include Basf Se(Germany), Bayer Ag(Germany), Syngenta Ag(Switzerland), UPL Limited(India) & Neogen Corporation(US)

Crop Protection Chemicals Market to Witness Unprecedented Growth in Coming Years

The global crop protection chemicals market size is estimated to be valued USD 63.7 billion in 2020 and is projected to reach a value of USD 74.1 billion by 2025, growing at a CAGR of 3.1% during the forecast period. The growth of this market is attributed to an increasing need for food security of the growing population. 

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Opportunity: Rapid growth in the biopesticides market and organic agriculture

Biopesticides are pesticides produced naturally, with minimum usage of chemicals. Since growing environmental considerations and the pollution potential and health hazards from many conventional pesticides are on an increase, the demand for biopesticides has been rising steadily in all parts of the world. Biopesticides are growing in popularity, due to their less or non-toxic nature as compared to synthetic pesticides. Moreover, biopesticides provide more targeted activity to desired pests, unlike conventional pesticides that often affect a broad spectrum of insects, birds, and mammalian species. Further, biopesticides can be very effective in small quantities, offering lower exposure and are quickly decomposable; they leave virtually no harmful residue after application.

The liquid segment, by form, is estimated to hold the largest share in the Crop protection chemicals during the forecast period.

Liquid forms of crop protection chemical products are preferred more by suppliers as well as end-users. Liquid forms offer a longer shelf-life with easy handling, transportation, and application. Also, they are cost-effective, eco-friendly, and sustainable. Companies are investing in the technological development of crop protection chemicals in liquid forms. The liquid forms of crop protection chemicals can either be water-based, oil-based, polymer-based, or their combinations. Typical liquid formulating lines consist of storage tanks or containers to hold active ingredients, inert materials, and a mixing tank for formulating the crop protection chemical products. Water-based formulations require inert ingredients such as stabilizers, stickers, surfactants, coloring agents, anti-freeze compounds, and additional nutrients. Examples of liquid forms are suspension concentrate, suspo-emulsions, and capsule suspension.

Cereals & grains, by crop type, is estimated to account for the largest market share during the forecast period.

The cereals & oilseeds segment accounted for the largest market share in terms of value; this is projected to grow at the highest CAGR during the forecast period. The demand for cereals & oilseeds is increasing significantly across the globe owing to the increasing demand for food.

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South America is estimated to hold the largest market share during the forecast period.

South America is an emerging agricultural powerhouse, growing at a rapid pace above the global growth average. Growth in this region is significantly contributed by the growth in Brazil and Argentina, which are the world’s most potent agricultural producers and are expected to grow well above the regional average. The economic growth in South America has been stimulated by democratization, economic reforms, and the foundation of the two trading blocs namely, Mercosur and the Andean Pact.

Regulatory framework in South America is quite weak as compared to North America and Europe. The South American Pesticide Action Network controls the regulatory issues in the region. The international trade system from the WTO for regional and bilateral trade deals also undermines national pesticide laws and threatens the ability of South American nations to prohibit dangerous chemicals from being used. This is especially observed in the case of WTOs demand for establishing certain common minimum standards for pesticides among countries. For instance, if a country wants to implement a stricter standard on pesticides as compared to the WTO, it could be recognized as a technical barrier to trade.

Probiotics in Animal Feed Market to Showcase Continued Growth in the Coming Years

The global probiotics in animal feed market is expected to reach revenue of USD 7.3 billion by 2026, at a CAGR of 8.8%. The global market was valued at USD 4.4 billion in 2020 and estimated to reach about USD 4.8 billion in 2021. The demand for probiotics in animal feed in fortified foods is projected to remain high due to the increasing awareness about their benefits, and willingness of consumers to purchase premium products incorporated with probiotics in animal feed. The use of probiotics in animal feed has shown positive effects on overall animal health. The market for poultry has been increasing gradually over the past decade with the growing demand for egg and poultry meat across the globe.

There has been an increase in the production of livestock species over the years. In addition, there are demand-side and supply-side factors, which have led to an increase in production. On the supply side, advancements in technology, including balanced feeding, precision feeding, and other factors, such as optimal addition of amino acids & mineral micronutrients, the development of improved pasture species, and animal husbandry systems, have helped in increasing the production of livestock. On the demand side, factors such as the increase in consumption of livestock products and the development of transportation, including long-distance cold-chain shipments, have made it easier for the trade and transport of animals, products, and feedstuffs. 

According to the World Health Organization, there has been an increase in the pressure on the livestock sector to cater to the increase in demand for animal proteins. The rise in population, incomes, and urbanization are the key factors contributing to the unprecedented growth of the livestock sector. The consumption of food products, such as meat, eggs, and milk, has been increasing. Due to the rise in urbanization, there has been the ease in access to the cold chain technology, which permits the trade of perishable goods. The increase in awareness among consumers about the health benefits associated with the consumption of animal protein, such as improved bone health, immunity, and reduction in protein deficiencies, is also one of the several factors due to which the demand for livestock products remains high.

Archer Daniels Midland (ADM) (US), is primarily engaged in the production of food ingredients, animal feed & feed ingredients, and biofuels. The company operates through five segments—origination, oilseeds, carbohydrate solutions, nutrition, and others. It offers probiotics in animal feed markets through its nutrition segment. The company engages in the production, sale, and supply of specialty products, including emulsifiers, natural flavor ingredients, natural health and nutrition products, natural colors, flavor systems, proteins, polyols, soluble fiber, hydrocolloids, and other specialty food & feed ingredients. The nutrition segment includes two divisions, namely, wild flavors and specialty ingredients and animal nutrition. Under the nutrition segment, it offers animal nutrition products for livestock, such as poultry, swine, and equine. The company offers animal intestinal enzymes and probiotics under its brand names, such as Inside Tract, and PrimaLac. 

It operates in more than 170 countries globally and has 44 innovation centers, nearly 500 crop procurement facilities, and 270 food & feed ingredient manufacturing facilities. It operates through its consolidated subsidiaries in 82 countries, with a majority of these subsidiaries being located outside the US. 

DuPont (US), operates through five business segments, such as nutrition & biosciences, safety & construction, transportation & industrial, electronics & imaging, and non-core. Under its nutrition & biosciences segment, the company provides solutions for the global food and beverage, biomaterials, microbial control, textile processing, fabric and home care, personal care, bioenergy, and animal nutrition markets. It has subsidiaries in nearly 70 countries worldwide and has its manufacturing operations in nearly 40 countries. 

What are the benefits of using probiotics in animal feed? 

Key Benefits of this report for you: 

From this report, you will get: 

• Define, segment, and project the global market size for probiotics in animal feed
• Understand the structure of the probiotics in animal feed market by identifying its various subsegments
• Detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• Analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
• Project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
• Profile key players and comprehensively analyze their core competencies
• Understand the competitive landscape and identify major growth strategies adopted by players across key regions
• Analyze the competitive developments such as expansions,i; investments, new product launches, mergers acquisitions, collaboration, partnership, joint ventures, and agreements

Cocoa and Chocolate Market to Showcase Continued Growth in the Coming Years

The cocoa market is projected to reach USD 26.3 Billion by 2027 growing at a CAGR of 4.5% from 2022 to 2027. The chocolate market is projected to reach USD 160.9 Billion by 2027 growing at a CAGR of 4.7% from 2022 to 2027. The rising demand for cocoa in the food processing industry propels the growth of the cocoa market. The steadily growing awareness of the health benefits of cocoa is a major propellant for the growth of the market.

The key players in cocoa and chocolate market include Mars, Inc. (US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co. Ltd.(Japan), Ferrero International(Italy), Olam Group (Singapore), Barry Callebaut(Switzerland), Cargill Incorporated (US), Cocoa Processing Company (Ghana), Archer Daniel Midland (ADM) Company (U.S.), Chocoladefabriken Lindt & Sprüngli AG (Switzerland) and Pladis Global(UK) among others.

With the growing awareness about health, an increasing number of consumers are prioritizing their health and following specific diets with specific needs. This propels the demand for dark chocolate with high cocoa and less sugar. Cocoa is the major raw material required to manufacture chocolate. The slightest turbulence in the cocoa market would lead to price fluctuations. According to the International Cocoa Organization, the world’s largest supplier of cocoa is Africa, which accounts for 72% of the global production of cocoa. Ivory Coast and Ghana are the major countries producing cocoa, but these countries are also facing certain issues such as fair-trade discrepancies, environmental issues, spells of government unrest, and reducing labor force as more population is leaving farming as an occupation and opting other professions Therefore, measures such as implementation of National Cocoa Development Plan (NCDP) in the member countries of ICCO are being undertaken to improve the production of cocoa. Initiatives like these gives a promising outlook towards fulfilling the rising demand for cocoa globally. The cocoa & chocolate market players are showing trends of pursuing both organic as well as inorganic strategies for their expansion, consolidation, and sustainability in the market. Developments and new product launches in chocolate and rise in the use of cocoa for cosmetics and pharmaceuticals are driving the market and is leading to an increased demand for cocoa.

Mondelez International is one of the leading providers and distributors of high-quality snacks. It provides a wide range of snacking product portfolios to its customers worldwide. The company has its presence in regions such as Asia, the Middle East, Africa, Europe, Latin America, and North America. It has operations in over 80 countries. The company’s product category includes beverages, biscuits, chocolate, gum, and candy. Mondelez now owns some of the most famous chocolate and confectionery brands such as Oreo, Milka, Toblerone, TUC, and Cadbury. Other bakery brands include Barni, Club Social, Honey Maid, Enjoy Life Foods, Mikado, Newtons, Nutter Butter, Premium, and Prince.

Nestle S.A. is a leading food & beverage company. The company operates in seven major segments: powdered and liquid beverages, water, milk products and ice cream, nutrition and healthcare, prepared dishes and cooking aids, confectionery, and pet care. It produces beverages, chocolates & confectionery, culinary, chilled & frozen food, milk-based products, ice creams, prepared dishes, and pharmaceutical products. Nestle operates globally, with a presence in Europe, the Americas, Asia, Oceania, and Africa. The company mainly operates through its subsidiaries and has 29 R&D facilities worldwide.

Mars Inc. is engaged in the production and marketing of branded confectionery, snack foods, main meal foods, drinks, and pet care products. The company’s major business segments include chocolate, pet care, food, Wrigley gum and confections, drinks, and symbioscience. The strategic decisions made by the company are based on five principles: quality, responsibility, mutuality, efficiency, and freedom. The company is present in more than 74 countries, including Canada, the US, Japan, India, and Russia.

What is the current size of the global Cocoa and chocolate market?

Recent Developments:

• In In May 2022, Blommer chocolate partnered with DouxMatok (Israel/USA), a food tech company to launch chocolate and confectionery products.
• In In March 2022, Hershey Company, launched a crunch cookie chocolate spread in India for the consumer's breakfast.
•  In March 2021, Barry Callebaut opened its third factory in India. The new chocolate factory consists of an R&D lab and assembly lines capable of manufacturing various needs of customers – international food manufacturers, local confectioneries, and semi-industrial bakers and patisseries.
•   In March 2021, Cargill has partnered with Nestlé to extend the  Nestlé Cocoa Plan (NCP) to benefit its network of cocoa farmers in Sulawesi, Indonesia. Activities include three key NCP pillars: better farming, better lives, and better cocoa.

Dietary Supplements Market: Growth Opportunities and Recent Developments

The global Dietary Supplements Market size is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. It is estimated at USD 155.2 billion in 2022. The growth of the global market is estimated to be driven by the increasing health awareness among consumers. Dietary supplements are a growing application of nutraceutical products. The food and nutrition industries have evolved to give consumers a more personalized experience to compensate for dietary loss through supplemental nutrition.

The Botanical segment by type is projected to achieve the Highest CAGR growth in the Dietary Supplements market. 

The demand for the botanicals ingredients included in the dietary supplements solutions had driven because of their consumer-perceived benefits, such as functional benefits and being "closer-to-nature," as well as their ability to impart pleasant flavours. Furthermore, attractive flavours and colors produced from natural sources are a vital part in dietary supplements solutions. Some of the advantages of botanical dietary supplements are, Low cost compared to prescription drug, It can be obtained without a prescription, Has the potential to be effective, despite the lack of evidence, and Contribute to a sense of self-sufficiency 

Driver: Shift in consumer preference due to increase in focus on health and prevention 

‘Self-care’ has now become an essential part of the modern consumer’s lifestyle. The growing emphasis on holistic health and immunity has resulted in some significant dietary changes among consumers. The use of vitamins, minerals, immunity-boosting foods, organic products, supplements, and other nutritional supplements has increased significantly. Though the ongoing pandemic has increased the focus on immunity, it is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. It is also a key factor that, when combined with proper nutrition, can enhance the body's natural defenses. As people become more conscious of holistic wellbeing, the demand for immunity-boosting products has increased significantly. People are increasingly shifting to herbal supplements and other dietary supplements to address their health concerns. The increasing consumer health awareness and rising disposable income across regions are factors that have encouraged people to shift to nutraceuticals such as dietary supplements. Lifestyle changes, along with a better understanding of fitness and health, have encouraged people to take multivitamins and minerals in the form of capsules and tablets. 

Asia Pacific is projected to achieve the highest CAGR growth in the Dietary Supplements market. 

The rising influence of westernization, the growing millennial population, and increasing awareness are the key drivers of market growth. According to the UN, in 2019, 60% of the 1.8 billion global population of millennials reside in Asia. This population is active, enthusiastic about fitness, and continuously seeking innovative products. As a result, millennials are prominent consumers of dietary supplements in the region. Veganism has also become popular in the region, alongside rising demand for plant-based food products, especially in India, China, Australia, and Indonesia. This key factor would eventually pave the way for herbal supplements to grow significantly in value sales during the forecast period in the Asia Pacific. 

What factors are driving the growth of the dietary supplements market? 

Key Market Players: 

The key players in dietary supplements market includes Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), Nestle (Switzerland), Otsuka Holding Co, LTD (Japan), H&H Group (China), Arkopharma (France), Bayer AG (Germany), Glanbia Plc (Ireland), Nature's Sunshine Products Inc (US), Fancl Corporation (Japan), Danisco (Denmark), Bionova (India), American Health (US), Pure Encapsulations LLC (US), GlaxoSmithKline, PLC (UK). 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 Functional Proteins Market

The global functional proteins market size is estimated to be valued at USD 4.6 billion in 2020 and projected to reach USD 6.1 billion by 2025, recording a CAGR of 5.6% during the forecast period. The demand for functional proteins is increasing significantly owing to changing consumer preferences due to rising health awareness. Furthermore, the rising income level among the millennial population has made consumers able enough to afford the purchase of health-beneficiary functional food products to streamline their diets.

Drivers: Rise in prevalence of chronic lifestyle diseases to drive the market growth

There is a significant rise in the number of people suffering from chronic ailments, such as obesity, diabetes, blood pressure, and cardiovascular diseases. Hence, consumers across regions have become more health-conscious and are focusing on adopting a healthier balanced diet. This shift in consumer preferences has risen on account of the high degree of chronic diseases prevailing in the population. Diseases like diabetes, cholesterol anomalies, and obesity are key factors that are projected to drive the overall functional proteins market. The growing health and wellness trends among consumers due to chronic diseases will further drive the demand for functional proteins in the daily dietary intake of consumers. Consumers are also seeking options that provide the right combination of nutrition and taste, which leads to a rise in demand for functional proteins, which is further projected to contribute to the growth of the market.

Opportunities: Technological advancements in the functional proteins market

The recent advancements in technologies, such as microarray technology, protein hydrolysis, and protein powder manufacturing, to promote health benefits are highly likely to present growth opportunities for the key players in the functional proteins market. Numerous innovations have been observed in high throughput protein production.

New technological developments, such as the heat-stable form of whey protein, are expected to impact the global functional proteins market positively. Novel varieties of soy proteins that do not change the texture of baked goods have also been developed. Furthermore, recent advancements in the development of colostrum milk on account of exhibiting significant functional properties aimed at improving hormone growth are expected to drive the increase in consumption of functional proteins, creating growth opportunities for the market.

North America is projected to account for the largest market during the forecast period 

North America is projected to dominate the market during the forecast period owing to the high prevalence of chronic diseases in countries such as the US. Whey protein concentrates are gaining traction as consumers are shifting to dairy proteins to fulfill their nutritional requirements. On the other hand, there has been an increase in the number of vegan consumers, majorly in the North American and European regions. Emerging markets in economies such as the Asia Pacific countries are going to be potential markets for functional protein manufacturers. 

Why is functional proteins market growing? 

World’s Largest Functional Protein Brands: 

Key players in this market include ADM (US), DuPont (US), Cargill (US), Ingredion (US), Arla Foods (UK), Roquette (France), BASF (Germany), Glanbia (Ireland), Fonterra (New Zealand), DSM (Netherlands), FrieslandCampina (Netherlands), Essentia Protein Solutions (UK), Amai Proteins (Israel), Mycorena (Sweden), Merit Functional Foods (Canada), Plantible Foods (US), BENEO (Germany), ProtiFarm (Gelderland), Omega Protein (US)