Wednesday, February 28, 2024

Animal Disinfectants Market 2023 - 2028: Trend, Status Growth, Opportunity, and Key Players

 The animal disinfectants market size is projected to reach USD 4.9 billion by 2028 from USD 3.4 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. The demand for animal disinfectants is rising globally due to factors such as animal health and hygiene awareness, government regulations, and the need to prevent the spread of zoonotic diseases. With the increasing awareness of animal diseases and the need to maintain good health and hygiene, the use of disinfectants has become crucial in the livestock industry. Additionally, governments worldwide are imposing regulations on the use of disinfectants to prevent the spread of diseases. Furthermore, the rise in industrial livestock farming practices has increased the need for animal disinfectants.

Animal Disinfectants Market

Animal Disinfectants Market Opportunities: Rise in consumer preference for biological disinfectants

The demand for biological disinfectants is expected to increase during the forecast period on account of the rising consumer inclination toward non-toxic disinfectants coupled with the rising livestock production globally. The general consumer perception is toward the toxic nature of synthetic formulations that farmers are seeking to avoid and adopt biological solutions. The recent change in the regulatory requirements in the developed markets, including the classification of formaldehyde as a possible carcinogen, is a key factor expected to propel the demand for biological disinfectants.

For instance, in Sep 2022, Canada based company Thymox SF, a subsidiary of Laboratoire M2 Inc., made a partnership with Construction Distribution and Supply Co. Inc. (CDS) (US). Through this partnership, CDS gains access to Thymox SF's advanced technology and product line, allowing them to diversify their offering and meet the needs of customers seeking eco-friendly disinfection options for animal facilities. By incorporating Thymox SF's biodegradable disinfectants into their distribution network, CDS can position themselves as a reliable supplier of sustainable solutions, attracting environmentally conscious customers and gaining a competitive advantage in the market.

By application, the dairy cleaning segment is projected to dominate the market during the forecast period.

The cleaning of dairy cattle involves removing equipment and bedding before cleaning. The nature of the surfaces will influence the disinfection process. Rough and porous surfaces are difficult to disinfect in comparison to smooth surfaces. Both the milking parlor and milk toxin-producing machines must be cleaned daily. The milking machines, including the teat dips and milk tongs, are among the major sources of infection and can have an adverse impact on the health of the livestock. Therefore, these disinfectants can be applied to various areas, including milking parlors, holding pens, feeding areas, equipment like milking machines and others to thoroughly sanitize and eliminate the potential sources of contamination. Also, the regular utilization of animal disinfectants in dairy cleansing helps to create a healthier and more productive environment for both animals and dairy workers, thereby promoting the overall well-being and efficiency of the dairy operation.

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Europe is expected to lead the animal disinfectants market with the highest market value during the forecast period.

Europe is one of the leading per capita consumers of chemicals and is a key market for animal disinfectants. There has been a significant utilization of animal disinfectants for farm animals in the region to reduce animal diseases. Regulatory requirements and standards regarding animal health and welfare are becoming more stringent in Europe. Compliance with these regulations necessitates the use of effective disinfection protocols. As a result, farmers and animal care facilities are seeking reliable and approved animal disinfectants to ensure they meet the required hygiene standards. This has contributed to the rising demand for such products in the European market. The region also has a significant livestock population that includes poultry, cattle, swine, and others. The concentration of livestock in the region, both in terms of commercial farming and smaller-scale operations, creates a substantial market for animal disinfectants to preserve the health and hygiene of the animals.

Animal Disinfectants Market Share

The key players of the market include Neogen Corporation (US), GEA Group (Germany), Lanxess (Germany), Zoetis (US), Solvay Group (Belgium), Kersia Group (France), Stockmeier Group (Germany), Ecolab (US), Albert Kerbel GMBH (Germany), PCC Group (Germany), G Sheperdanimal Health (UK), Sanosil Ag (Switzerland), Delaval Inc (Sweden), Diversey Holdings Ltd (US), Fink Tech Gmbh (Germany). These companies have been focusing on expanding their market presence, enhancing their solutions, and partnering with many channel partners to cater to consumers across the globe. The deep roots of these players in the market and their robust offerings are among the major factors that have helped them achieve major sales and revenues in the global animal disinfectants market.

Friday, February 23, 2024

Rodenticides Market 2024-2029 : Industry Analysis, Size, Share, Growth And Forecast

 According to a research report "Rodenticides Market by Type (Anticoagulants, Non-Coagulants), Mode of Application (Pellets, Spray, and Powder), End Use (Agriculture, Warehouses, Urban Centers), Rodent Types (Rats, Mice, Chipmunks, Hamsters) & Region - Global Forecast to 2029" published by MarketsandMarkets, the global market for rodenticides is estimated at USD 5.8 billion in 2024 and is projected to reach USD 7.7 billion by 2029, at a CAGR of 5.9% during the forecast period.

 Rodenticides Market

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By end use, urban centers are estimated to grow at the highest rate in the rodenticides market.

The rodenticides market is witnessing a significant surge in interest and investment, with its end use in urban centers emerging as a key driver of this growth. The abundance of easily accessible food sources in urban settings, such as overflowing trash cans, spilled grains, and accessible pet food, attracts and sustains larger rodent populations compared to rural areas, where there is less waste and more natural predators. This dynamic is likely to influence the demand for rodenticides, as urban environments may require more intensive rodent control measures to manage the larger populations effectively. Rodents are vectors for various diseases, including leptospirosis, hantavirus, and plague. To minimize the risk of disease transmission to humans and pets, rodent control measures, including the use of rodenticides, are often implemented in urban centers.

By mode of application, pellet form accounted for the largest share in 2023 in terms of value.

Pellet-based rodenticides offer ease of handling and application, catering to the needs of professionals and homeowners alike. They can be easily placed in bait stations, trays, or directly inserted into rodent burrows. Pellet-based rodenticides generally exhibit a longer shelf life in contrast to alternative formulations like liquid or gel baits. This quality renders them suitable for prolonged storage and usage, thereby minimizing the necessity for frequent replacements. Pellet-based rodenticides frequently demonstrate greater resistance to environmental factors like moisture and humidity when compared to other bait varieties. This durability guarantees the effectiveness of the bait even under challenging weather conditions. These factors have led to an increase in the application of pellets form of rodenticides amongst others.

By rodent type, mice are estimated to grow at the highest rate in the rodenticide market.

Mice possess a global presence and exhibit adaptability across a spectrum of environments, spanning from urban settings to rural expanses. Their capacity to flourish in diverse habitats renders them prevalent inhabitants across numerous regions. Due to their high reproductive rate, female mice can produce multiple litters within a single year. This swift breeding cycle facilitates the rapid expansion of mouse populations, potentially resulting in widespread infestations if not effectively managed. Mice exhibit omnivorous behavior, opportunely consuming a wide array of foods such as grains, seeds, fruits, and insects. Their adaptable dietary preferences play a pivotal role in their capability to survive and thrive across diverse environments. These factors have led the mice in the rodent type segment to grow at the highest CAGR in the rodenticides market.

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The Asia Pacific region is projected for the fastest growth in terms of value.

The rodenticides market in the Asia Pacific region is experiencing robust growth driven by several key factors. Rapid urbanization and industrialization in the Asia Pacific region are fostering the expansion of urban areas, industrial facilities, and agricultural lands. These thriving environments create ideal conditions for rodent infestations to thrive. Consequently, there's a growing demand for rodenticides to effectively manage pest populations in these settings. Numerous countries in the Asia Pacific region have significant agricultural sectors characterized by large-scale crop cultivation and extensive storage facilities. However, rodents represent a considerable menace to agricultural productivity due to their propensity to inflict damage on crops and contaminate food stores. Consequently, there is a pressing need for rodenticides to mitigate these pests and safeguard agricultural yields.

In summary, the growth of the rodenticides market in the Asia Pacific is propelled by increasing urbanization and the growing agriculture sector.

Key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), UPL  ( India), Neogen Corporation ( US), Anticimex  ( Sweden), Ecolab (US), Rentokil Initial plc ( UK), Senestech, Inc. ( US), Rollins, Inc. ( US), Liphatech, Inc. (US), JT Eaton & Co., Inc. (US), PelGar International (UK), Bell Laboratories Inc. (US) and Abell Pest Control ( Canada).

Sunday, February 18, 2024

Animal Disinfectants Market Size, Trends, Latest Insights, Analysis and Forecast 2023-2028

 The animal disinfectants market size is projected to reach USD 4.9 billion by 2028 from USD 3.4 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. The animal disinfectants market has experienced substantial growth in recent years, driven by numerous factors. Increasing concerns regarding animal health and welfare, coupled with the rising demand for safe and high-quality animal products, have propelled the adoption of effective measures in the livestock industry. This measure includes the use of disinfectants as a vital remedy for the well-being of animals. Disease outbreaks, both in developed and developing economies, have highlighted the need for robust disinfection protocols to prevent the spread of pathogens. Additionally, technological advancements and research investments have also contributed to the development of innovative and more efficient disinfection solutions. As the global demand for animal protein continues to rise and awareness of biosecurity practices increases, the animal disinfectants market is expected to witness sustained growth in the foreseeable future.

Animal Disinfectants Market Trends:

  1. Rising Concerns for Animal Health and Welfare: With increasing awareness about animal health and welfare, there's a growing demand for effective disinfectants to maintain clean and hygienic environments in animal husbandry operations. This trend is particularly prominent in sectors such as poultry, swine, and dairy farming.
  2. Focus on Preventing Disease Outbreaks: Disease outbreaks can have devastating effects on animal populations and the agriculture industry as a whole. Hence, there's a heightened emphasis on preventive measures, including the use of disinfectants, to control the spread of pathogens and reduce the risk of disease outbreaks.
  3. Shift towards Environmentally Friendly Solutions: As sustainability becomes a more significant concern across industries, including agriculture, there's a shift towards environmentally friendly disinfectant solutions. Manufacturers are increasingly developing products that are biodegradable, non-toxic, and pose minimal risk to the environment and animal health.
  4. Technological Advancements: The animal disinfectants market is witnessing advancements in technology, leading to the development of more effective and efficient disinfection solutions. These advancements include the use of novel ingredients, improved formulation techniques, and the integration of automation and IoT (Internet of Things) technologies for precise application and monitoring.
  5. Regulatory Changes and Compliance: Regulatory standards related to animal health and hygiene are evolving, prompting manufacturers to ensure compliance with stringent regulations. This includes adhering to guidelines set by government agencies regarding the use of disinfectants in animal agriculture and ensuring product safety and efficacy.
  6. Increasing Adoption of Biosecurity Measures: Biosecurity measures, including the use of disinfectants, are becoming integral components of animal production systems worldwide. This is driven by the need to safeguard animal health, minimize disease transmission risks, and ensure the sustainability of livestock operations.
  7. Growing Demand in Emerging Markets: Emerging markets, particularly in regions with expanding livestock industries such as Asia-Pacific and Latin America, are witnessing a surge in demand for animal disinfectants. This growth is fueled by factors such as population growth, rising disposable incomes, and increasing awareness about the importance of biosecurity practices.

Animal Disinfectants Market Opportunities: Rise in consumer preference for biological disinfectants

The demand for biological disinfectants is expected to increase during the forecast period on account of the rising consumer inclination toward non-toxic disinfectants coupled with the rising livestock production globally. The general consumer perception is toward the toxic nature of synthetic formulations that farmers are seeking to avoid and adopt biological solutions. The recent change in the regulatory requirements in the developed markets, including the classification of formaldehyde as a possible carcinogen, is a key factor expected to propel the demand for biological disinfectants.

For instance, in Sep 2022, Canada based company Thymox SF, a subsidiary of Laboratoire M2 Inc., made a partnership with Construction Distribution and Supply Co. Inc. (CDS) (US). Through this partnership, CDS gains access to Thymox SF's advanced technology and product line, allowing them to diversify their offering and meet the needs of customers seeking eco-friendly disinfection options for animal facilities. By incorporating Thymox SF's biodegradable disinfectants into their distribution network, CDS can position themselves as a reliable supplier of sustainable solutions, attracting environmentally conscious customers and gaining a competitive advantage in the market.

Thus, the increasing preference for biological disinfectants presents a promising opportunity for the animal disinfectant market. Companies such as Thymox SF’s (Canada) and Ceetal (France) have successfully capitalized on this trend, offering innovative and sustainable solutions that align with consumer demands.

The Europe region accounted for the largest growing market, in terms of value, of the global animal disinfectants market in 2028.

The Europe region accounted for the largest market share in the animal disinfectants industry due to several key factors. Firstly, Europe has a significant presence of livestock and poultry farming, making it a major market for animal disinfectants. The region also has stringent regulations and standards for animal health and welfare, necessitating the use of high-quality disinfectants. Additionally, the growing awareness about zoonotic diseases and the importance of biosecurity measures has further driven the demand for animal disinfectants in Europe, contributing to its leading position in the market.

Animal Disinfectants Market Share

The key players of the market include Neogen Corporation (US), GEA Group (Germany), Lanxess (Germany), Zoetis (US), Solvay Group (Belgium), Kersia Group (France), Stockmeier Group (Germany), Ecolab (US), Albert Kerbel GMBH (Germany), PCC Group (Germany), G Sheperdanimal Health (UK), Sanosil Ag (Switzerland), Delaval Inc (Sweden), Diversey Holdings Ltd (US), Fink Tech Gmbh (Germany). These companies have been focusing on expanding their market presence, enhancing their solutions, and partnering with many channel partners to cater to consumers across the globe. The deep roots of these players in the market and their robust offerings are among the major factors that have helped them achieve major sales and revenues in the global animal disinfectants market.

Thursday, February 15, 2024

Biological Seed Treatment Market Size, Trends, Latest Insights, Analysis and Forecast

The biological seed treatment market size is projected to reach USD 1.7 billion by 2025, and it was valued at USD 0.9 billion in 2020. It is expected to grow at a CAGR of 11.9%. The market is influenced by the adoption of sustainable agricultural practices, along with strong investments being made by major market players in the research and development of these products. The agricultural and environmental benefits associated with these biological seed treatment solutions are the major factors contributing to the growth of this market globally. Beneficial microorganisms and plant extracts are projected to act as important tools that could help reduce the usage of synthetic fertilizers and chemical pesticides, thereby reducing investments by farmers and environmental risks.

Biological Seed Treatment Market Growth Drivers:

  • Increasing Demand for Sustainable Agriculture: Consumers and farmers alike are increasingly prioritizing sustainable agricultural practices. Biological seed treatment methods, which utilize natural resources and reduce the need for chemical inputs, align with the growing demand for environmentally friendly farming.
  • Rising Awareness about Crop Protection: With a heightened awareness of the importance of crop protection, farmers are seeking effective and safe solutions to safeguard their crops against diseases and pests. Biological seed treatments, often derived from beneficial microorganisms, provide a natural and eco-friendly alternative to traditional chemical treatments.
  • Government Initiatives and Regulations: Governments worldwide are implementing regulations and initiatives to promote sustainable agriculture and reduce the environmental impact of farming practices. Incentives and support for the adoption of biological seed treatments play a pivotal role in driving market growth.
  • Advancements in Biotechnology: Ongoing advancements in biotechnology have led to the development of innovative biological seed treatment products. These technologies enhance the efficacy of seed treatments, making them more appealing to farmers seeking improved yield and crop quality.
  • Improved Crop Performance and Yield: Biological seed treatments not only protect crops from diseases and pests but also contribute to improved plant growth, root development, and overall crop yield. As farmers witness tangible benefits in terms of productivity, the adoption of biological seed treatments is expected to rise.
  • Growing Organic Farming Practices: The global trend towards organic farming has fueled the demand for biological seed treatments. Organic farmers, in particular, prefer natural and non-synthetic solutions to maintain the integrity of their organic produce.
  • Collaborations and Partnerships: Increased collaboration between seed treatment companies, agricultural research institutions, and biotechnology firms has accelerated research and development efforts. Partnerships enable the sharing of expertise and resources, leading to the creation of more effective biological seed treatment solutions.

Biological Seed Treatment Market Driver: Environmental concerns associated with chemical seed treatment

The demand for biological seed treatment has significantly increased as a result of high awareness of their potential and growing attention to the environmental and health risks associated with conventional chemicals. Chemical seed treatments are detrimental to the environment and pose a serious risk to pollinators. The neonicotinoid class of insecticides is considered highly toxic to honeybees. Microorganisms employed as active substances in pest management are recognized as generally safe for the environment and non-target species, in comparison with synthetic chemicals.

North America region’s increasing preference for high quality produce

The increasing agricultural practices and requirement for high-quality agricultural produce are factors that are projected to drive the biological seed treatment market in this region. The government policies adopted by developed countries for the ban on key active ingredients are the major factors encouraging the growth of this market in North America region. Hence, North America is projected to be the fastest-growing region in the global market. R&D investments for the development of biological seed treatment and the installation of new production capacities by key players are projected to drive market growth in the next five years.

Biological Seed Treatment Market Share:

Key players in this market include BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Syngenta Group (Switzerland), Corteva Agriscience (US), Valent BioSciences (US), Verdesian Life Sciences (US), Plant Health Care (US), Precision Laboratories (US), Koppert Biological Systems (Netherlands), and Italpollina (Italy), 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.

Friday, February 9, 2024

Enteric Disease Testing Market Analysis by Share, Growth Rate, SWOT Analysis, and Forecast

The enteric disease testing market is projected to grow at a CAGR of 6.0% to reach USD 2.4 billion by 2026. The increasing food demand has compelled farmers, food manufacturers, and suppliers to increase the quantity and improve the quality of agricultural produce and food products. To meet the increasing food demand, global food production must increase by 70% by 2050, according to the Food and Agriculture Organization of the United Nations (FAO). The increase in global food production impacts the growth of the enteric disease testing market, with an increasing number of enteric disease controls in each step—from raw material procurement until the product reaches consumers, who look out for accredited certification when they purchase food products to ensure the safety of food.

Enteric Disease Testing Market

Enteric Disease Testing Market Driver: Increase in demand for convenience foods

Busy lifestyles have slowly shifted consumer focus from traditional buying of raw food products to convenience and packaged food products, such as frozen foods and ready-to-eat (RTE) meals. For higher marketability, additives are used to enhance the organoleptic characteristics of food & beverages. Packaged products are also treated with preservatives to improve their shelf life.

The meat, poultry, and seafood food sub-segment is estimated to account for the largest market share in the food end-use segment of the enteric disease testing market over the forecast period.

The global consumption of meat and processed meat products is highly rising. Further, with expanding globalization, food products are traded, which provides scope for various processes ranging from packaging, handling, storing and transportation, leading to food infestation. All these factors lead to an increased chance of contamination of the food, due to which meat and seafood products are estimated to account for the highest market share in the market.

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Europe is projected to be the fastest-growing market for the forecast period.

The market in this region is primarily driven by growth in the German and UK markets. It is also driven by European food policies that have been extensively emphasized by the National Reference Laboratories (NRLs) and the European Reference Laboratories (EURLs) to maintain food standards and protect consumer health. Campylobacter has been the most commonly reported food outbreak, with an increase in confirmed human cases in the European Union (EU). The market is further fueled by the presence of major enteric disease testing companies such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), and Intertek Group plc (UK), which are continuously investing and collaborating for the development of better and faster testing technologies to aid conformity to various enteric disease regulations.

Enteric Disease Testing Market Share

Merck KGaA (Germany), Thermo Fisher Scientific Inc. (US), SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Bureau Veritas (France), Intertek (UK), Romer Labs (Austria), Mérieux NutriSciences (US), TÜV SÜD (Germany), PerkinElmer, Inc. (US), Becton Dickinson (US), Certified Laboratories (US), ALS Limited (Australia), Neogen Corporation (US), Hardy Diagnostics (US)

Tuesday, February 6, 2024

Specialty Fertilizers Market Trends, Developments, Future Prospects and Leading Players

 The global specialty fertilizers market size is projected to reach USD 33.7 billion by 2027, recording a CAGR of 6.8% in terms of value. The global industry was estimated to be valued at USD 24.3 billion in 2022 and The high nutrient use efficiency and precise & localized application associated with specialty fertilizers help reduce growers’ dependency on commercial fertilizer usage and simultaneously achieve higher quality crops and yields with a lower environmental impact. This trend is expected to drive the market significantly in value sales during the forecast period.

Specialty Fertilizers Market

Specialty Fertilizer Market Opportunities: Crop-specific nutrient management through precision farming

Precision agriculture focuses on growing crops efficiently in a site-specific manner with specialized application equipment, which can help retain water and nutrients in the root zone. The work scheme of precision agriculture can be summarized in three stages:

1. Geo-referenced remote area information using certain sensors
2. Analysis of data obtained through an appropriate system of information processing
3. Adjustment of the amount applied depending on the needs of each location

Precision farming can improve production and nutrient use efficiency, ensuring that nutrients do not leach from or accumulate in excessive concentrations in parts of the field. Precision farming has been gaining importance in developed countries for efficient usage of fertigation. The release patterns and coating technology of CRFs can be fed into the information system for an accurate analysis of the nutrient requirements of crops, the application rate, and the mixing ratio required within the fertigation system. Precision agriculture involves a growing range of digital technologies to make farming more efficient while increasing crop yields and quality.

Micronutrients are Essential for Plant Growth, Which Drives Demand For Micronutrient Fertilizers

Micronutrients consist of a fine blend of mineral elements comprising zinc (Zn), copper (Cu), manganese (Mn), iron (Fe), boron (B), and molybdenum (Mo). Mineral elements nurture horticultural crops, cereals, pulses, oilseeds, spices, and plantations. Despite their low demand, critical plant functions are hindered if micronutrients are unavailable, which results in plant deformations, lower yield, and diminished growth. Micronutrients are crucial for plant growth and play an important role in balancing crop nutrition. Micronutrient deficiency is easily identified from visual symptoms on crops and by testing soil and plant tissues. To understand these visual symptoms, it is necessary to know the role each micronutrient plays in plant growth and development.

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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.

Specialty Fertilizers Market Share

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).

Thursday, February 1, 2024

Food Encapsulation Market Size, Share, Demand, Growth, Trends & Forecast 2022-2027

Food encapsulation is a technique used in the food industry to protect, deliver, and control the release of various ingredients within a food product. This process involves enclosing active compounds, such as flavors, nutrients, or bioactive substances, in a protective material or shell.

Food Encapsulation Market Forecast

The global food encapsulation market was valued at USD 11.5 billion in 2022 and is projected to reach USD 17.0 billion by 2027, growing at a CAGR of 8.2% during the study period. The market for encapsulation is growing globally at a significant pace due to its numerous applications and multiple advantages over other technologies. Some of the major advantages of encapsulation are that it helps provide enhanced stability and bioavailability to the bioactive ingredients, increases the shelf life of food products, and maintains the taste and flavor for a longer period of time. Encapsulation is increasingly used in various industrial areas, such as nutraceuticals and food & beverages.

The high growth opportunities in emerging regions are attributed to growing economies and technological advancements. North America accounts for the largest share of the food encapsulation market, with the US being the largest contributor. This is because of the presence of most of the major players in the market and the availability of advanced technologies. Asia Pacific is projected to grow at the highest rate due to the increase in industrial activities and health consciousness among consumers.

Food Encapsulation Market Growth Drivers: Innovative food encapsulation technologies enhance market penetration.

Food encapsulation technology has evolved from being a fundamental preservation technology to a complex food processing technology. This technology enables many properties, such as color and taste-masking and the controlled release of bioactive ingredients. The evolution of encapsulation technology has happened through many stages. They have been further classified into microencapsulation, microencapsulation, and nanoencapsulation. Food manufacturers are developing newer encapsulation technologies. The aim is to maximize and preserve product taste without environmental degradation. The preservation of potency, along with the addition of health benefits, is pushing manufacturers towards adopting food encapsulation.

North America dominated the food encapsulation market; it is projected to grow at a CAGR of 7.8% during the forecast period.

The food encapsulation market in North America is influenced by factors like health awareness, promotion of nutraceuticals and functional foods and growing expenditure on prevention of chronic non communicable diseases. Food encapsulation adds value to foods and effectively delivers potent bioactives in isolation as supplements or as value addition in functional foods. The US dominated the market in 2021 and is projected to be the fastest-growing market for food encapsulation in North America. The market in this region is driven by technological advancements in food encapsulation techniques such as liposome compression, inclusion complex and centrifugal extrusion and the growing demand for functional and fortified foods that use encapsulated nutrients and the growing consumption of convenience foods that use encapsulated flavors and colors. Most of the key market players have a presence in the region. These include International Flavors and Fragrances Inc (US), Sensient Technologies Corporation (US), Balchem Corporation (US), Encapsys LLC (US), Ingredion Incorporated (US), Cargill (US), DuPont (US), Aveka Group (US), and Advanced BioNutrition Corp. (US).

Food Encapsulation Market Share

The key market players in food encapsulation market are Cargill, Incorporated (US), BASF SE (Germany), Kerry (Ireland), DSM (Netherlands), Symrise (Germany), Sensient (Germany), Balchem (US), International Flavors & Fragrances Inc, (US), Firmenich SA (Switzerland) and TasteTech (UK).