Growth Strategies Adopted by Major Players in the Dairy Testing Market

The dairy testing market is expected to experience substantial growth in the coming years, with a projected value of USD 8.1 billion by 2026 and a CAGR of 8.2%. This market was estimated to be worth USD 5.5 billion in 2021. Food testing includes all types of foods from plant and animal sources. Dairy testing is an application in food testing that deals with the safety and quality of milk and other dairy products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=240885146

According to Food and Agriculture Organization (US), more than six billion people worldwide consume milk and dairy products. Testing plays an important role in ensuring that end consumers have access to safe and high-quality milk and dairy products free from harmful pathogens, heavy metals, dioxins, and adulterants. Dairy testing also helps manufacturers adhere to regulatory requirements for permissible limits of contaminants, labeling laws, prevention of fraudulent practices, and avert incidents of foodborne diseases, toxicity, or poisoning.

Opportunities : Technological advancements in testing industry

The focus on reducing lead time, sample utilization, cost of testing, and drawbacks associated with several technologies have resulted in the development of new technologies in spectrometry and chromatography. The wide-scale adoption of these technologies provides an opportunity for medium- and small-scale laboratories to expand their service offerings and compete with large market players in the industry, as these technologies offer benefits such as higher sensitivity, accurate results, reliability, multi-contaminant, and non-targeted screening with low turnaround time.

The dairy testing market is witnessing several technological innovations with major players offering newer, faster, and more accurate technologies such as LC (Liquid Chromatography), HPLC (High Performance Liquid Chromatography), and ICP-MS (Inductively Coupled Plasma Mass Spectrometry).

Request for Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=240885146

The increasing demand for dairy testing in Europe is driving the growth of the dairy testing market.

Europe has the world’s most stringent regulations for dairy testing, which undergo frequent updates and revisions. The world’s highest number of sample tests for both safety as well as quality are conducted in Europe. Strict compliance with MRLs and measures to prevent microbial contamination are preconditions for entering the European market. Exporters aiming to export milk and dairy products to the EU are required to follow a strict set of guidelines. They need to be export registered and listed with the EU (they require an AA or approved arrangement, which is a food safety document that describes how an organization manages its food safety and quality).

The increasing dairy trade between Europe and other regions is also driving the dairy testing market in this region as more dairy samples are being tested, both for import as well as export. Europe has one of the highest food safety standards in the world, due to which cases of milk fraud are rare. The Rapid Alert System for Food and Feed Safety provides information when risks to public health are detected in the food chain.

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

Upcoming Growth Trends in the Feed Premix Market

The report "Feed Premix Market by Ingredient Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Equine, and Pets), Form (Dry and Liquid), and Region - Global Forecast to 2026",size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for the growth of the feed premix market.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170749996

Amino acids, by batter type, is estimated to hold the largest market share during the forecast period

The market for feed premix, by ingredient type, has been segmented into vitamins, minerals, amino acids, antibiotics. antioxidants, others.

The consumption of amino acid feed premixes remains high globally. Asia Pacific continues to be the high-growth market for these premixes. Key markets such as China and India also benefit from the increase in domestic production of amino acids, particularly lysine, as they are available at lower costs.

The dry segment, by form, is estimated to hold the largest share in the feed premix during the forecast period

The dry form in the feed premix market is preferred by manufacturers due to its enhanced stability, ease of handling and storage, and convenience of usage in a wide range of products.

In 2020, the Asia Pacific region held the largest share in the dry segment in the market due to the increase in demand for feed premixes in the feed industry and the growing trend of food fortification in countries such as India and China.

Poultry, by livestock, is estimated to account for the largest market share during the forecast period

On the global level, the total poultry production has been increasing, and with the growth in poultry production and consumption, it has become important for meat producers to focus more on the quality of meat. These factors are projected to drive the growth of the feed premix industry to provide a complete nutritional feed for poultry. Feed premixes, such as vitamins, minerals, and amino acids, are some of the major premixes used in poultry feed products for improved quality and production.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=170749996

Asia pacific is estimated to hold the largest market share during the forecast period

Asia Pacific is projected to be the largest and fastest-growing segment. Increased awareness among consumers about quality meat and increased meat consumption across the region is expected to provide more scope for market expansion. Livestock is an important constituent of agriculture in the Asia Pacific region. The region widely rears and consumes pork and poultry. With the rising demand for animal products, increased livestock productivity is necessary. Quality feed is the primary determinant of the performance and productivity of livestock.

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 Feed premix. It consists of the profiles of leading companies such Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Cargill (US), Archer Daniels Midland Company (ADM) (US), BEC Feed Solutions (Australia), DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Land O’Lakes (US), AB Agri Ltd. (UK).

Sustainable Growth Opportunities in the Specialty Fertilizers Market

According to a research report "Specialty Fertilizers Market by Technology (Controlled-release Fertilizers, Micronutrients, Water Soluble Fertilizers, and Liquid Fertilizers), Form (Dry and Liquid), Application Method, Type, Crop Type and Region - Global Forecast to 2027" published by MarketsandMarkets, the global specialty fertilizers market size is estimated to be valued at USD 24.3 billion in 2022 and is projected to reach USD 33.7 billion by 2027, recording a CAGR of 6.8% in terms of value.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57479139

Usage of foliar mode of application to avoid deficiencies and reduce stress drives demand

Foliar fertilizer technology is a one-of-a-kind, dynamic, and efficient crop nutrition method. Foliar feeding is an excellent solution when the plant root system is not functioning properly or when nutrition from the soil is failing. When root uptake is hampered by factors such as cold or warm soils, high soil pH, high weed competition, or nematode infestation, this type of feeding is ideal. Foliar fertilizers are also ideal for preventive measures to avoid deficiencies and reduce stress.

Water-soluble fertilizers have been introduced exclusively for foliar feeding and fertilization. This application technique helps increase nutrient supply during the early growth stages when the roots are not well-developed. This method of applying liquid specialty fertilizers on crops, such as corn and soybean, has helped overcome possible limitations in crop nutrient uptake and increase the yield and efficiency of the nutrients used. The foliar mode of application is widely used to apply micronutrients, particularly iron and manganese. It is mostly used for many fruits, vegetables, and flower crops. Micronutrients can be foliar applied as liquid or suspensions to crops. Soluble inorganic salts of micronutrients are effective in foliar spray and lower in cost than synthetic chelates. For many horticultural crops, foliar application is preferred for correcting iron chlorosis. Foliar nutrient application can also correct occasional nutrient deficiencies or ensure that the plant’s nutrient needs are ‘topped up’ during critical stages of growth when soil nutrient supply is insufficient or during stressful periods such as heat or drought.

The ease of application of liquid specialty fertilizers is driving the market during the forecasted period

Liquid specialty fertilizers include micronutrient, slow-release, water-soluble, and other liquid fertilizers. These are simple to handle and apply. Pumps are used for movement, and they usually require less labor to handle. Liquid fertilizers contain one or more plant nutrients that are readily available. They have better tolerance limits for adverse conditions. To keep fertilizer particles from settling, suspension agents such as colloidal clay material are typically used. Suspension fertilizers are not meant to be stored for an extended period. True solution fertilizers can be stored if the temperature stays above freezing but salting out may be an issue in cold weather.

Liquid fertilizers can be applied either on the ground or on the leaves. They can also be broadcast and applied as a band at planting. When applied foliar, plant nutrients are absorbed through the leaves and are more readily available for plant use than when applied ground. However, the availability of foliar-applied nutrients is transient and does not last throughout the growing season. Foliar applications can help to correct mid-season deficiencies or supplement nutrients applied to the soil. According to Michigan State University, liquid fertilizer use in Michigan has steadily increased over the last 50 years. They accounted for roughly half of the market in 2018 because of their ease of handling and application. A custom blend and greater uniformity in application rate can be achieved with liquids.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=57479139

The growth of the specialty fertilizers market in Europe is driven by well-established distribution networks of Key players

Agriculture in Europe is driven by the adoption of advanced technologies for farming and the introduction of regulations for innovative agricultural products. Most of the arable farmland in Europe is used for cereal production. There has been a significant utilization of controlled-release and water-soluble fertilizers for fruit and vegetable crops in this region for their effectiveness in reducing the application of nitrogen-based fertilizers.

Recently, Europe launched the new European Fertilizer Products Regulation EU 2019/1009 on July 16, 2022. The regulation aims to standardize quality, safety, and labeling requirements for all fertilizing products, support the Farm2Fork strategy, and replace its predecessor EU 2003/2003, which regulated mineral fertilizers. To reduce environmental degradation and align with the EU’s Green Deal, key companies such as ICL have launched a new control release technology in urea administration in Europe in 2022. The technology, “ego.x’’ claims to leverage biodegradable release technology to enhance nutrient use efficiency by 80% and reduce nutrient losses to the environment by 50%. It is further claimed to help provide higher or similar yields with reduced frequency and fertilizer usage. The development is expected to help the European farmers who faced an average production decline of 10-20%. The European strategy, launched in mid-2020, aims at minimizing the environmental footprint of the agriculture industry by reducing fertilizer losses by at least 50% and reducing overall fertilizer use by at least 20% by 2030.

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 C Nutrien Ltd. (Canada), Yara (Norway), ICL (Israel), The Mosaic Company (US), CF Industries and Holdings, Inc. (US), Nufarm (Australia), SQM SA (Chile), OCP Group (Morocco), Kingenta (China), K+S Aktiengesellschaft (Germany), OCI Nitrogen (Netherlands), EuroChem (Switzerland), Coromandel International Limited (India), Zuari Agro Chemicals Ltd. (India), and Deepak Fertilizers and Petrochemicals Corporation Limited (India).

Vegetable Oils in Beauty and Personal Care Market to See Major Growth by 2027

 The global vegetable oils in beauty and personal care market was valued at USD 4.4 billion by 2022 and is projected to reach USD 5.8 billion by 2027, at a CAGR of 5.7% during the forecast period in terms of value. Vegetable oils from terrestrial plants consist mainly of triglycerides (95-98%) and mono & diglycerides (1%) with micronutrients, particularly molecules like tocopherols and/or polyphenols. According to SOPHIM, “vegetable oils are natural ingredients mainly composed of triglycerides. Vegetable oils include saturated or unsaturated fatty acids (omega 3, 6, 9) and unsaponifiable matter in small quantities but have highly desirable biological properties for cosmetic use.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45404454

Drivers: Rising demand for premium quality products

Recently, there has been an increase in premium cosmetic consumers, specifically in the North American and European regions. This can be attributed to the rising awareness of various skin and hair health benefits associated with natural ingredients-based cosmetic products. As a result, consumers are conscious and always seek transparency on the premium cosmetic products they use daily. Consumers do not prefer synthetic mineral oil-based skin and personal care products, due to which cosmetic manufacturers are now strategizing on using natural ingredients. Nuts and vegetable-based oils fall under natural ingredients that cosmetic product manufacturers, specifically from the premium segment, seek the most. Such specialty natural ingredients enable key functionalities such as moisturization and skin healing properties. Hence, the consumers' concern over the transparency of cosmetic products eventually triggers a rising demand for vegetable oils.

Challenges: Issues related to oxidization

Skincare and makeup cosmetic formulations are typically complex mixtures, with each component influencing efficacy. Vegetable oils are mostly found in liquids, powders, and solid forms of makeup, such as emulsions, lotions, serums, lipsticks, eyeshadows, and mascaras. Vegetable oils are used in cosmetics due to their beneficial properties. However, they are also sensitive to oxygen and can cause off-flavors. The structure of the fatty acids in oils is critical for the shelf life of creams and lotions. Oils are made up of saturated fatty acids with no double bonds, monounsaturated fatty acids with one double bond, or polyunsaturated fatty acids with multiple double bonds.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=45404454

Polyunsaturated fatty acids are abundant in many vegetable oils, but the main challenge of polyunsaturated fatty acid-rich vegetable oils is that they are oxidatively unstable, which reduces shelf life. When combined with oxygen, fat oxidation of vegetable oils occurs, forming volatile oxidation products. Polyunsaturated fatty acids speed up fat oxidation and increase the number of primary oxidation products formed. These volatile oxidation products cause the rancid aroma of oxidized oil. Oxidation can affect the quality of cosmetic products and cause unwanted aromas and odors.

Rising Demand for Vegetable Oil-Based Skincare Products to Drive the Market

Vegetable oils in skin care products are beneficial for repairing damaged and dry skin. Vegetable oils naturally contain qualities known to nourish and protect the skin over beauty and personal care products with chemicals. Vegetable oils contain fatty acids, vitamins, nutrients, minerals, and antioxidant properties to improve skin complexion, repair damage, regenerate, tone, and protect the skin, hydrate, moisturize, and delay signs of aging. Oils obtained from avocados, coconuts, sunflowers, and argan kernels possess nourishing qualities that soothe and soften skin tissues. Biotique (India) offers Almond Oil Deep Cleanse Purifying Cleansing Oil which contains almond, sesame, neem, and staff tree oils.

Make an Inquiry: 
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=45404454

The North American Vegetable Oils in Beauty and Personal Care Market is Primarily Driven by Growth in the US and Canadian Markets

The market in North America is highly diversified, and manufacturers largely focus on developing vegetable oils to cater to the demand of end users. The native Americans of northern Mexico and the southwestern US have regarded jojoba oil for years due to its valuable qualities. It is used for multiple, varied cosmetic & medicinal purposes such as hair dressings, body oils, and skin salves. The market in North America is mainly dominated by a few companies, such as Cargill, Incorporated (US) and ADM (US). However, local players such as Maverik Oils (US) and ConnOils LLC (US) also provide a wide range of vegetable oils for beauty and personal care.

Sustainable Growth Opportunities in the Food Grade Gases Market

The food-grade gases market is anticipated to increase rapidly, rising from a projected value of USD 7.6 billion in 2022 to an astounding USD 10.6 billion by 2027. Over the forecast period, this substantial growth is anticipated to occur at a CAGR of 6.9%. The food-grade gases market is seeing a surge in demand due to several key factors such as the increasing popularity of convenience food and carbonated drinks. Consumers are becoming more concerned about the safety of their food, which has resulted in food manufacturers turning to advanced packaging technologies like oxygen scavenging, MAP, CAP, and active packaging. These technologies create a controlled environment within the packaging, preserving the freshness of food products and reducing the need for additives while ensuring the quality of the food is not compromised.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=9473111

Drivers: Shift toward convenient packaged foods

Food-grade gases such as carbon dioxide (CO2), nitrogen (N), and oxygen (O) are mainly used in the packaging of convenience foods to enhance the shelf-life of fresh food products. Rising health concerns among consumers, especially in North America and Europe, have led to a shift toward the consumption of safer, healthier, and higher-quality food products.

Owing to the rising concerns about food safety amongst consumers, food manufacturers are focusing on various advanced packaging technologies such as oxygen scavengers, modified atmosphere packaging (MAP), controlled atmosphere packaging (CAP), and active packaging. These technologies help in maintaining the levels of gases such as oxygen and nitrogen inside the packaging, prevent the oxidation of food products, and reduce the need for additives while maintaining product quality.

Technological Advancements for Gas Sensors is one of the Major Trends

Toxic gas sensors play an important role in food production and control. Therefore, researchers have recently devoted significant attention to various gas sensing materials to achieve high-performance gas sensors. The prospects for the use of sensor technology in food production and monitoring are: (1) Development of simple sensors that operate at low temperatures and preferably Real time to save energy consumed during the monitoring process and the lifespan of the sensing material and accordingly, (2) the design of high-precision sensors to monitor the strategic stock of foodstuffs, especially C2H4 gas, to monitor the quality of stored fruits and vegetables and control their ripening. Researchers are interested in obtaining improvements in the sensitivity, selectivity, limit of detection, and operating temperature using a new mixture of nanomaterials that display different shapes.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=9473111

North America is projected to reach USD 3.4 Billion during the forecast period.

Key countries identified in the North American food-grade gases market include the US, Canada, and Mexico. The North American food-grade gases market is projected to witness significant growth due to the huge pork and beef industry and the increasing consumption of RTE and bakery food products. According to the United States Department of Agriculture (USDA), there were about 38,000 food processing and manufacturing companies present in the US in 2019. This growing food beverage processing sector in the US is expected to fuel the demand for food-grade gases, especially for packaging and carbonation. According to a report published by the Commission for Environmental Cooperation (Canada) in 2017, about 168 million tons of food is wasted or lost in North America every year. Food-grade gases such as nitrogen serve as a cheaper preservative that enhances the shelf life of food products by keeping oxygen out and preventing spoilage.

In North America, the US was the largest market for food-grade gases, which accounted for a share of 84.8% in the North American market in 2019. The US has witnessed tremendous growth in the import and export of perishable products as well. It is one of the largest exporting countries in terms of seafood. Also, according to the FAO, the US is the second-largest milk producer in the world. This creates a demand for food-grade gases for freezing and chilling this highly perishable product. In 2022, revenue in the Convenience Food industry is expected to be USD 48.32 billion. The market is predicted to expand by 2.65% every year. Volume in the Convenience Food market is estimated to reach 5,993.8 m kg by 2027

The key players in this market include Air Products chemicals, Inc (US), Cryogenic gases (US), American Welding Gas (US).

Controlled-release Fertilizers Market to See Major Growth by 2028

According to a research report "Controlled-release Fertilizers Market by Type (Slow Release, Coated and Encapsulated, Nitrogen Stabilizers), End Use (Agricultural and Non-Agricultural), Mode of Application (Foliar, Fertigation, Soil) and Region - Global Forecast to 2028" published by MarketsandMarkets, the controlled release fertilizers market is estimated at USD 2.2 billion in 2023 and is projected to reach USD 2.9 billion by 2028, at a CAGR of 5.9% from 2023 to 2028. The growing demand for controlled-release fertilizers is primarily fueled by their ability to enhance nutrient efficiency, reduce environmental impact, and align with sustainable agricultural practices, meeting the needs of both farmers and environmental concerns.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136099624

The slow-release segment is expected to grow at the highest CAGR during the forecast period.

The market for slow-release fertilizers has experienced steady growth due to their inherent benefits in enhancing agricultural sustainability and productivity. The controlled and gradual nutrient release of these fertilizers aligns with precision agriculture techniques, ensuring optimal nutrient uptake by crops and minimizing wastage. This approach has gained traction as farmers seek to improve resource management, reduce nutrient runoff, and comply with stringent environmental regulations. Additionally, the rising awareness of soil health, water quality preservation, and long-term crop viability have driven the adoption of these fertilizers, making them a key component of modern farming strategies aimed at achieving both economic and environmental objectives.

The non-agriculture segment by end use emerged as a driving force in the controlled-release fertilizer market in 2022.

The non-agriculture segment has contributed to the growth of the controlled-release fertilizers market. The urban landscape's growing reliance on controlled-release fertilizers is set to propel the market's expansion. Golf courses, municipal parks, residential complexes, and other non-agricultural areas seek sustainable solutions that controlled-release fertilizers can provide. This dominance aligns with the broader trend of urbanization and the corresponding need for environmentally friendly, efficient, and visually appealing landscaping solutions.

In urban areas, aesthetics and visual appeal hold significant importance. Controlled-release fertilizers contribute to lush and vibrant green spaces that enhance the overall aesthetics of urban environments. Moreover, the slow and controlled nutrient release of these fertilizers results in reduced application frequency, translating to fewer maintenance cycles for landscapers, golf course managers, and homeowners. This efficiency appeals to non-agricultural users seeking to streamline operations.

Request for Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=136099624

Argentina is expected to be the fastest-growing market in the South American region during the forecast period.

Argentina is poised to emerge as the fastest-growing player in the controlled-release fertilizers market within South America. Argentina places considerable emphasis on sustainable farming practices, aligning with global trends and consumer preferences. Controlled-release fertilizers offer a solution to minimize nutrient runoff, reduce environmental impact, and promote soil health, making them a natural fit for the country's sustainable agriculture initiatives.

Argentina's dominance in the South American controlled-release fertilizers market is enhanced by a convergence of favorable conditions. Its strong agricultural foundation, commitment to sustainable practices, emphasis on innovation, and strategic export position create a conducive environment for both the production and adoption of controlled-release fertilizers. This dominance is expected to fuel continued growth in the sector, as Argentina solidifies its role as a key player driving the evolution of agricultural practices in the region.

Major players operating in the controlled-release fertilizers market are Yara (Norway), Nutrien Ltd. (Canada), Mosaic (US), ICL (Israel), Nufarm (Australia), Kingenta (China), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemicals (US), and SQM (Chile).

Cocoa and Chocolate Market to See Major Growth by 2027

According to a research report "Cocoa and Chocolate Market by Type (Dark Chocolate, Milk Chocolate, Filled Chocolate, White Chocolate), Application (Food & Beverage, Cosmetics, Pharmaceuticals), Nature (Conventional, Organic), Distribution and Region - Global Forecast to 2027" published by MarketsandMarkets, the global cocoa market is projected to reach USD 26.3 billion by 2027, growing at a CAGR of 4.5% from 2022 to 2027. The global chocolate market is projected to reach USD 160.9 billion by 2027, growing at a CAGR of 4.7% from 2022 to 2027.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226179290

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.

Milk Chocolate segment is the fastest growing among the various types of chocolate during the forecast period

The market for chocolate, based on type, is segmented as dark chocolate, milk chocolate, filled chocolate, and white chocolate. The milk chocolate segment is estimated to dominate the chocolate market in 2022 and is anticipated to witness similar trends throughout the forecast period. Milk chocolate has low level of cocoa solids and is lighter and sweeter than dark chocolate. Dark chocolate segment has witnessed an upwards trend over the years owing to various health benefits associated with it due to the presence of high fiber, high iron, magnesium, potassium, and phosphorous content.

In the cocoa and chocolate market, organic nature segment is registering the highest growth during the forecast period

The cocoa market, based on the nature, is segmented into conventional and organic. In 2022, the conventional cocoa market segment is expected to dominate the market. The conventional cocoa products are easily available at low cost and is widely preferred. Due to the need for organic farming, high labour expenses, maintenance requirements, and other organic cocoa-related operating expenditures, organic cocoa ingredients and products are quite expensive. The organic cocoa segment, however, is estimated to witness a higher growth rate during the forecast period owing to its various health benefits and environment friendliness.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=226179290

Asia Pacific region is witnessing the highest growth rate in chocolate market

The Asia Pacific region is witnessing the fastest growth rate of 5.72% during the forecast period. The Chinese cocoa market, in terms of volume, is estimated to grow at a CAGR of 6.39%. This is attributed to the strong demand for chocolate in the country. Across Europe, Germany consumed the highest quantity of chocolate in 2021 followed by UK, and Belgium. United States accounted for the largest market share primarily driven by the large consumption of confectionary and bakery items. According to the Observatory of Economic Complexity (OEC), the US was the seventh largest exporter of chocolate in 2020, with key export destinations being Canada, Mexico, South Korea, Australia, and the UK. Growth in this region is attributed to the growing population, rise in per capita income, growing urbanization, and therefore, an increase in demand for chocolate-based products. Additionally, the nutritional benefits of chocolate are promoting the growth of chocolate in the region.

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.

Factors Driving the Pest Control Market

According to a research report "Pest Control Market by Control Method (Chemical, Mechanical, Biological, Software & Services), Pest Type (Insects, Rodents, Termites, Wildlife), Mode of Application (Sprays, Traps, Baits, Pellets, Powder), Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the pest control market is projected to reach USD 32.8 billion by 2028 from an estimated USD 24.9 billion in 2023, at a CAGR of 5.7% during the forecast period in terms of value. The utilization of pest control products and services is being driven by a number of factors that reflect the evolving needs and priorities of individuals, businesses, and industries. Heightened awareness of the health risks associated with pests and the diseases has spurred a greater demand for proactive pest management. Moreover, the increasing urbanization and population density in various regions have created an environment conducive to pest infestations, necessitating effective control measures.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144665518

By application, the residential segment accounted for the largest share of the pest control market.

Pest control products for residential use are essential in maintaining a safe and comfortable living environment for homeowners. These products are designed to address common household pests, including insects like ants, cockroaches, spiders, and termites, as well as rodents like mice and rats. Thus, due to the increasing infestation by pests in residential areas, the utilization of pest control products in residential in expanding at a significant rate.

The insects segment accounted for the largest share of the pest control market by value.

The increasing urbanization and changing climate has increased the global insect population, which is driving the need for pest management, particularly for insects such as bedbugs, cockroaches, mosquitoes, flies, and others. Since insects’ cause irritation to livestock or humans and can be vectors of plant or livestock diseases, thus management of insect pests are essential, due to which the pest control market is anticipated to benefit.

Request for Sample Pages of the Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=144665518

By mode of application, the sprays segment accounted to have the largest share in the pest control market.

Sprays are a preferred mode of application in the pest control market, owing to the high demand for liquid chemical formulations. Sprays give consumers a quick and easy way to apply pest control solutions, enhancing pest control and preventing property losses. The spray mode of application also allows for a uniform distribution of the pest control chemicals over the target area, which ensures that pests are exposed to the active ingredients consistently, increasing the effectiveness of the treatment. Moreover, with various nozzle designs and spray patterns, the spray formulations can be applied to specific areas that reduces the risk of non-target species exposure.

By control method, the chemical segment accounted for the largest share in the pest control market.

Chemicals are preferred due to their quick action and effectiveness in controlling pests. The use of chemical pesticides is widespread due to their relatively low cost, the simplicity of application, and their effectiveness, availability, and stability. Chemical pest control products also provide rapid control of pest populations, especially when dealing with immediate threats, outbreaks, or infestations. Moreover, Chemicals can provide a consistent and reliable means of pest control, since chemicals works regardless of weather conditions and can be applied at various growth stages of pests. Thus, these factors are driving the utilization of chemicals in pest control management.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=144665518

The North America region accounted for the largest market, in terms of value, of the global pest control market in 2022.

Due to several factors, the market for pest control is expanding in North America. As consumers look for pest control management, there is first a growing awareness of and adoption of sustainable pest control approaches practices in the area. The stringent regulations in various industries, such as food production, hospitality, and healthcare, have also played a significant role in the market's growth. Additionally, advancements in pest control technologies and methods have made treatments more efficient, targeted, and environmentally friendly, further boosting the market in North America.

The key players in this market includes Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK).

Upcoming Growth Trends in the Precision Fermentation Ingredients Market

According to a research report "Precision Fermentation Ingredients Market by Ingredient (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein), Microbe (Yeast, Algae, Fungi, Bacteria) End User, Food & Beverage Application Region - Global Forecast to 2030" published by MarketsandMarkets, the global precision fermentation ingredients market size is estimated to be valued at USD 2.8 billion in 2023 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 44.0% in terms of value. Production of precision-fermented ingredients with a less carbon footprint is expected to drive the precision fermentation ingredients market. Growing demand for precision fermentation ingredients stems from its capacity to meticulously craft precise molecules and ingredients, fostering innovation across food, pharmaceutical, and cosmetics sectors, and enabling distinct and unparalleled product development.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=30824914

The Cosmetics & others segment is projected to grow at the highest CAGR in the precision fermentation ingredients market

The cosmetics & others segment is poised for remarkable growth, projected to achieve the highest CAGR in the precision fermentation ingredients market. This growth aligns with the 2022 cosmetic trend, driven by its profound and lasting benefits. Fermented cosmetic products offer deeper nourishment as the breakdown of substances enhances skin absorption of vital nutrients. Unlike non-fermented alternatives, these products ensure more nutrients effectively penetrate the skin. Geltor emerges as a key player in this domain, specializing in fermented cosmetics catering to hair and skincare needs.

The meat & seafood segment is expected to witness the highest CAGR in the food & beverages precision fermentation ingredients market.

Precision fermentation employs microorganisms like yeast, bacteria, fungi, and algae to create plant-based proteins and fats for meat alternatives. These alternatives offer meat-like tenderness, juiciness, and improved nutrition, aligning with the rising demand for sustainable and health-conscious food choices. The segment's growth implies the market's shift towards sustainable and healthier dietary choices, reflecting consumers' preferences for environmentally friendly and nutritious options.

Request Sample Pages of the Report: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=30824914

The heme protein segment is projected to experience the highest CAGR in the precision fermentation ingredients market

Precision fermentation ingredients harnesses microbial processes, predominantly employing genetically modified yeast strains such as Saccharomyces cerevisiae, to synthesize heme proteins. This method presents an eco-friendly and effective route for heme production, eradicating the need for animal-derived sources. The United States stands as a focal point for research and development in precision fermentation ingredients, notably in producing heme proteins for plant-based meat alternatives. Industry frontrunners like MycoTechnology Inc. and Impossible Foods, both US-based, exemplify the nation's leadership in propelling precision fermentation ingredients market progress. Driven by the expanding alternative protein realm, fermentation experiences a surge in demand due to robust technological strides across various food industry applications.

The bacteria segment is projected to grow at the highest CAGR in the precision fermentation ingredients market

Within microbe categories like yeast, fungi, bacteria, and algae, bacteria are extensively utilized in both anaerobic fermentation for organic acids and alcohols and aerobic fermentation for enzyme production. Lactic acid bacteria (LAB) and Bacillus species, including B. subtilis, B. amyloliquefaciens, B. licheniformis, and B. megaterium, contribute to lactic acid, antibiotics, enzymes, biopolymers, and surfactins production. Companies like Perfect Day incorporate microbes, even archaebacteria, into their products. Archaebacteria differ chemically, reproducing asexually and utilizing diverse energy sources, dating back to Earth's earliest life forms, preceding bacteria.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=30824914

The Asia Pacific region is projected to grow at the highest CAGR in the precision fermentation ingredients market during the forecast period

The key factors driving the Asia Pacific precision fermentation ingredients market are the rapid urbanization and changing lifestyles that have led to an increased demand for specialized products, such as alternative proteins and sustainable ingredients, which precision fermentation excels in producing. The region's focus on technological advancements and innovation aligns with precision fermentation ingredient's cutting-edge nature, fostering a thriving ecosystem for research and development. Additionally, Consumer willingness to adopt innovative products is evident across countries, extending beyond curiosity to active purchasing intent. Also, investments and expansions in the region drive the growth of the Asia Pacific market.

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 Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), and Motif FoodWorks, Inc. (US).

Growth Strategies Adopted by Major Players in the Lecithin and Phospholipids Market

By 2027, the global lecithin and phospholipids market is anticipated to have grown from its value of $5.5 billion in 2022 to $7.5 billion, expanding at a compound annual growth rate of 6.3%. The Asia Pacific region is predicted to hold the biggest market share globally in 2022. Lecithin is being used more frequently in bakery and confectionery, convenience meals, and feed products as a result of the growing desire for natural ingredients. The demand for lecithin as a food additive in the food and beverage sector appears to be driven by the rising number of eating establishments and foodservice businesses.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259514839

The global lecithin and phospholipids industry is driven by shifting consumer preferences to convenience food, changing work culture, and expansion of the retail industry globally. However, health issues associated with the consumption of genetically modified (GM) products are expected to restrain the market growth.

The market for lecithin and phospholipids is expected to grow in the coming years, driven by increasing demand for natural and healthy food ingredients, rising popularity of functional food and dietary supplements, and growing awareness about the health benefits of phospholipids. These ingredients are used in a variety of applications such as functional foods, infant formula, pharmaceuticals, cosmetics, and animal feed. The Asia-Pacific region is projected to be the largest market for lecithin and phospholipids, due to the growing demand from countries such as China and India.

Opportunities: Emerging markets and changing consumer lifestyles

The trend of consumer preference for low-fat products is rapidly rising, and marketing campaigns are planned around highlighting their use and health benefit claims. Cargill (US) produces lecithin that functions as a low-fat dressing, gaining the attention of those who aim to produce low-fat food products.

The demand for low-fat products may be driven by the increase in processed food production and innovation in almost all segments, such as meat products, dairy, and bakery & confectionery products. However, the demand for the usage of lecithin is expected to grow continually in early adopting countries such as Japan, and exponential growth is projected in new and emerging markets such as Australia and other Asia Pacific countries.

In addition, Asia provides a cost advantage in terms of production and processing. High demand, coupled with low cost of production, is a key feature, which would aid lecithin suppliers.

By nature, GMO is the largest segment in lecithin market in 2021

The GMO segment is estimated to dominate the lecithin market in 2022. GM oilseeds such as soybean, sunflower, and rapeseed are used for extracting lecithin, a natural emulsifier utilized in various industries. Today, 90% of commercially available lecithin is extracted from soy and sunflower. Lecithin has a dual function in food as an emulsifier and healthy ingredient. Because of its lipid-friendly and hydrophilic properties, lecithin is used in many foods and other areas of the industry.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=259514839

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

Asia Pacific accounted for 33.9% of the lecithin market in 2021. In the Asia Pacific region, lecithin is gaining popularity due to busy lifestyles, urging consumers to opt for on-the-go and RTE products. The demand for lecithin is expected to increase in the coming years due to the growing population and increasing per-capita income of consumers, based on a World Bank report. Moreover, export opportunities of non-GMO lecithin from countries such as India to the European market are expected to drive the lecithin market in the region.

Growth Strategies Adopted by Major Players in the Plant-based Meat Market

The global plant-based meat market is estimated to be valued at USD 7.9 billion in 2022. It is projected to reach USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027. There is a growth in the vegan and flexitarian population, a rise in awareness about the health benefits of plant-based meat over animal-based meat products, an increase in investment by government bodies and R&D activities, and investment of the major food industry giants in plant-based meat products. These factors together are propelling the plant-based meat market.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44922705

Opportunities: Increase in consumers’ focus on meat alternatives

Various food products such as meat patties and sausages are being replaced by plant-based/plant-infused meat products, considering the growing health awareness among consumers, which is expected to drive demand for plant-based meat products. According to The Food Science and Health Database Organization, in 2018, “22 million UK citizens now identify as being a ‘flexitarian,’ viewed not as a fad diet, but instead, a permanent lifestyle choice, notably most popular among highly influential millennials.” Thus, the increasing vegan and flexitarian population is a big opportunity for plant-based meat manufacturers in the industry during the forecast period.

Challenges: Perception regarding the taste of plant-based meat products

Consumers perceive that there is a significant compromise in taste if they opt for meat substitutes. For instance, the off flavor of soy protein makes it undesirable for consumption. The off-flavor is caused by compounds such as aldehydes, ketones, furans, and alcohol. Medium-chain aldehydes are among the major reasons for soy products' beany and grassy taste.

The food retail segment among distribution channels is estimated to have the largest market

Based on the distribution channel, the food retail segment is estimated to account for the largest share of the plant-based meat market in 2022. Food retail refers to operating retail, supermarkets, hypermarket stores, and other stores where various products, such as grocery items, vegetables, uncooked meat, and frozen products, are made available to consumers. The distribution channel is already popular among consumers worldwide due to the wide availability of various products. Therefore, this distribution channel is being used by established plant-based meat companies and startups to increase the penetration of their products in the market, making it the largest segment during the forecast period in the plant-based meat market.

Make an Inquiry: 
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=44922705

Europe region holds the largest share in the plant-based meat market

The European plant-based meat market accounted for the largest market share in 2020. This dominance is attributed to the rising health concerns among consumers regarding meat products and the exponentially growing veganism trend in the region. Furthermore, European plant-based meat manufacturers focus on developing innovative products backed by appropriate research and development facilities available in the region. Several European retailers and supermarkets have added plant-based meat products to their product range to cater to the rising demand for plant-based meat products across the region.

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 Beyond Meat (US), Kellogg Company (US), Impossible Foods Inc. (US), Maple Leaf Foods (Canada), Unilever (UK), Conagra Foods (US), Tofurky (US), Gold&Green Foods Ltd (Finland), Sunfed (New Zealand), and Monde Nissin (Philippines).

Growth Strategies Adopted by Major Players in the Pest Control Market

The global pest control market is projected to reach USD 29.1 billion by 2026, at a compound annual growth rate (CAGR) of 5.1% during the forecast period. It is estimated to be valued USD 22.7 billion in 2021. Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144665518

Restraints : High registration costs and interminable time for product approval

Strict and rigorous regulatory requirements in the environmental protection sector apply to the manufacturer’s production processes and environments. Moreover, these vary with the policies of each country. The usage of pest control products is subject to registration by health, environmental protection, and pest control agencies in various countries.

Governments evaluate the policies related to the purchase, registration, formulation, application, and disposal of pesticides. Government policies affect the demand and prices of pest control products. For instance, in the US, the use of pest control products is monitored by the EPA (Environmental Protection Agency) at a national level. It is subject to further regulation by state-level authorities.

By mode of application, powder witnesses increased demand from the residential sector

Powder is a popular form of insecticide used by pest control service providers. It is primarily used in the control of common pests such as ants, beetles, and cockroaches. The active ingredient differs based on the pests against which it is used. Common active ingredients such as cypermethrin and hydramethylnon are used in powder formulations. Powder formulations, even though effective, are also heavily regulated; for instance, hydramethylnon is classified by the US Environmental Protection Agency (EPA) as a potential carcinogen despite its minimal risk to humans; however, strict guidelines are to be followed by service providers to minimize the risk to humans and the surrounding environment. Powder formulations can be deployed for use in residential, commercial, and other settings, including transport facilities, to reduce or eliminate pest infestations.

Request for Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=144665518

North America dominates the pest control market

The pest control market is dominated by a few pest control service providers such as Rollins, ServiceMaster Global Holdings, Rentokil Initial, and Ecolab. Apart from these major players, there are many local players in the market. Many major players are acquiring or collaborating with local players to increase their market shares, enhance their service portfolios, and strengthen their presence.

For instance, on 1st March 2019, Rentokil Steritech (US) acquired Virginia-based Loyal Termite & Pest Control (US). It would help Rentokil to expand its service in Virginia. Insects are the most found pests in the region. With increasing temperatures, the problem of bed bug infestation and termite infestation has increased in the North American region. The US is the dominant market in North America. Consumption of pest control products in the US is comparatively higher than in other countries. Although the diversity of termites in the US is low compared to other regions, globally, due to increasing temperatures, termite colonies have been spreading across the US.

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. 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.

Benzenoid Market Will Hit Big Revenues In Future

The benzenoids market is projected to grow at a CAGR of 5.6% to reach USD 857 million by 2025. The global industry was estimated to be valued at USD 651 million in 2020. The steady onset of factors such as rise in consumption of processed food products, shifting flavor & fragrance trends and steady growth in the personal care products in the global benzenoids markets, particularly in emerging and developing markets have triggered demand for quality benzenoid chemicals.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18857610

Driver: Shifting flavor & fragrance trends and preferences amongst populations globally

The global choices and preferences related to taste and aromas are changing rapidly with changing marketing trends, mindsets and increasing expenditure on lifestyle. As per the 2018 report of “Innova Market Insights” 64% of US consumers state that they “love to discover flavors from other cultures,” Dull flavors are being reinvented and more retail products and restaurants are highlighting ethnic flavors or street flavors. Unique scents and attractive designs have pushed the home fragrance market to its strongest position yet. While over the years traditionally rooted fragrances like jasmine and sandalwood have had a distinct contribution, especially for soaps, a combination of fruity-floral fragrances are now gaining traction with marketers wooing younger consumers.

Restraint: Potential health risks of synthetic chemicals affecting production growth

The genotoxicity and carcinogenicity are the key factors that are taken into consideration to determine the safety of the chemical use. Companies that manufacture perfume or cologne purchase fragrance mixtures from fragrance houses to develop their own proprietary blends. Benzenoids as food additives and fragrance ingredients are regulated as some of them pose potential risks to human health at defined concentrations. Organization such as US FDA (US Food & Drug Administration), EU Commission, IFRA (International Fragrance Association) set standards and guideline for manufacturers in order to control the possible health risks due to overuse of aroma chemicals in food and fragrance products.

By Application , the soaps & detergents sub-segment is estimated to observe the fastest growth in Benzenoid Chemicals market.

The aroma in soaps and detergent products is bought about by the use many natural and synthetic compounds. The generally used natural compounds include oregano oil, lemon oil, coconut oil, camellia oil, and coffee essential oil amongst others. During the spread of coronavirus pandemic, the significance of soaps and detergents for hygiene purposes grew tremendously giving a boost to the sales of the industry. With organizations such as American Centers for Disease Control and Prevention, promoting hand hygiene through use of soaps and clean running water the benzenoids market grew faster in the pandemic time.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=18857610

The increasing exports of the region of benzenoid chemicals to the North American and European regions, accounts for the high market share of the region.

China ranks first in terms of imports and exports of organic chemicals globally. The global chemical industry has seen a 7% annual growth rate. countries such as China, Japan, South Korea, Indonesia are doing exceedingly well in the cosmetics, beauty and personal care products market. According to Istrata reports, Southeast Asia revenue in the Beauty and Cosmetics segment amounts to USD25.449 billion in 2020 where 74% of sales contribute to mass-marketed cosmetics and 26% on luxury items. Thus the region accounts for the largest market shares in the global benzenoid market.

Nematicide Market Will Hit Big Revenues In Future

The nematicide market is projected to reach USD 3.0 billion by 2027, recording a CAGR of 9.9% during the forecast period. The global industry is estimated to be valued at USD 1.9 billion in 2022. Nematodes are non-segmented, bilaterally symmetric worm-like invertebrates that lack respiratory and circulatory systems but have a body cavity and a fully functional digestive system. It is difficult to create chemical countermeasures against worms that infests plants. It is challenging to administer a chemical to a nematode's immediate surroundings since most Phyto-parasitic nematodes spend their whole lives isolated to the soil or inside plant roots.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193252005

Opportunities: Providing customized solutions targeted toward specific pests

With the growing environmental and pollution concerns and health hazards from many conventional agrochemicals, the demand for natural biologicals is rising steadily across regions. Customers are witnessing a high demand for new biological products such as bionematicides to use against nematodes on standing crops, which cause crop damages, thereby reducing the overall farm yield and quality. One such innovative method is seed treatment, which is gaining traction due to its less or non-toxic nature, reduced cost of cultivation, and favourable effect on the yield and quality of crops. Moreover, seed treatment is targeted toward the desired pests and improve efficiency in nutrient uptake.

The use of biologicals and related alternative management products is increasing. R&D teams of major global players are also engaged in discovering target-specific innovative products by using biological insecticides, which promote organic agriculture. For instance, Crop IQ Technology announced the release of NEMA-DEAD in 2018, the world's first organic nematicide combining chemicals and natural nematicides in a single formula. NEMA-DEAD is therapeutic like chemical nematicides and preventive like biological nematicides, with no residuals. It does not produce stress on treated plants and contains bio stimulants that help wounded bio-stimulants biotic challenges.

Root-Knot segment accounted for the largest share in the global nematicide market by nematode type in 2021

The nematicide market has been segmented by nematode type into root-knot nematodes, cyst nematodes, lesion nematodes and others (Stubby root and stem nematodes). In 2021, the root-knot segment dominated the global nematicide market with a share of 41.6 %, followed by cyst nematodes with a share of 29.5 % and lesion nematodes with a share of 17.4 %. Root-knot nematodes are major nematode types and are impacting yield losses in high-value cash crops, such as onion, winter wheat, onion, tomato, and hot pepper. Cyst nematodes are most prevalent in Europe and are found across the globe. 

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=193252005

North America dominated the nematicide market, with a value of USD 0.54 billion in 2021; it is projected to reach USD 0.91 billion by 2027, at a CAGR of 9.4 % during the forecast period.

The US is one of the largest soybean producers and its by-products and contributes to a significant share in the oilseeds market. While a major portion of the demand for oilseeds is from the food and feed industries, the regulatory framework for the biofuel sector of Mexico has been changing. The scope for oilseeds in the biofuel sector is also changing. Canada has been experiencing a high demand for grains, stemming from the livestock industry. The countries are not self-sufficient entirely and depend on imports from the South American countries such as Brazil and Argentina.