Precision Fermentation Ingredients Market Report 2023-2030 | Size, Industry Analysis, and Forecast

 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% by value. Changing consumer preferences towards veganism, increasing protein consumption, and rising investments in innovations are the major factors for market growth. Substantial breakthroughs in the genetic engineering space have enabled the cost-effective and sustainable reprogramming of microorganisms (synthetic biology) through precision fermentation to create a wide range of specialized food protein constituents.

The expanding business has offered lucrative business opportunities to the players who are operating in the market segments. For instance, in May 2023, Geltor introduced CAVIANCE™, a vegan type of Il collagen polypeptide offering remarkable skin rejuvenating benefits. This innovative product stimulates six different types of collagen, exhibits potent antioxidant properties, and aids in wound healing. Other key players, like MycoTechnology, established a “groundbreaking” collaborative venture with the Oman Investment Authority (OIA) to produce mushroom-based protein using locally cultivated dates. This joint venture will be named Vital Foods Technologies LLC. The overall Precision fermentation ingredients market is classified as a competitive market, with the top five key players, namely Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), Motif FoodWorks, and INC. (US) occupying 25-50% of the market share.

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Precision Fermentation Ingredients Industry Oveview

The precision fermentation ingredient industry is an emerging sector that harnesses cutting-edge biotechnology and fermentation processes to produce a wide range of ingredients for various applications. This industry leverages advanced techniques to precisely engineer microorganisms such as bacteria, yeast, and fungi to produce specific compounds of interest.

Key features of the Precision Fermentation Ingredients industry include:

• Advanced Biotechnology: The industry relies on advanced biotechnological methods to engineer microorganisms at the genetic level. This allows for precise control over the fermentation process and the production of desired ingredients.
• Customized Ingredient Production: Precision fermentation enables the production of a diverse array of ingredients, including proteins, enzymes, vitamins, flavors, fragrances, and other specialty compounds. These ingredients can be customized to meet specific requirements for various industries, including food and beverage, pharmaceuticals, cosmetics, and agriculture.
• Sustainability: Precision fermentation offers significant environmental benefits compared to traditional ingredient production methods. It often requires fewer resources, generates less waste, and can be carried out using renewable feedstocks. As a result, it aligns well with sustainability goals and attracts interest from environmentally conscious consumers and businesses.
• Novel Applications: The versatility of precision fermentation enables the development of novel ingredients with unique functionalities and applications. These ingredients can be used to enhance the nutritional profile of food products, improve product stability and shelf-life, and even address specific health or dietary needs.
• Market Growth: The Precision Fermentation Ingredients market is experiencing rapid growth, driven by increasing demand for sustainable and alternative ingredients across various industries. As consumers become more aware of environmental issues and seek healthier, ethically sourced products, the demand for precision fermentation ingredients is expected to continue growing.
• Regulatory Landscape: While the regulatory landscape for precision fermentation ingredients is still evolving, regulatory bodies are increasingly recognizing the safety and efficacy of these ingredients. However, companies operating in this space must navigate regulatory requirements to ensure compliance with food safety standards and labeling regulations.

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Challenges: Customer acceptance of precision fermented based products

Though exhibiting huge scope to scale-up, precision fermentation-based outputs still have knowledge gaps. Bioavailability, allergenicity, digestibility, and bioequivalence of products are all factors that must be considered when evaluating products and ingredients. This is an essential factor if customers are switching from nutritional wholesome food products to modified food products that have some specific added proteins. Therefore, accepting precision-fermented food products is projected to be one of the challenging factors for the market. This challenge can be overcome by bringing consumer awareness regarding precision-fermented food products, which will drive the precision fermentation ingredients market growth in the coming years.

By food & beverage application, the egg alternatives segment is projected to grow with the second-highest CAGR in the precision fermentation ingredients market during the forecast period.

The rising inclination toward vegan food has led manufacturers to introduce a variety of egg alternatives. Precision fermentation derived egg alternatives find use in baking, cooking, and food formulation. The Every Company introduced an egg protein called ClearEgg via precision fermentation in collaboration with Pressed Juicery in November 2021. In April 2021, the company increased its production capacity of egg alternatives further. In 2022, Shiru streamlined animal-free egg prototype creation using AI and machine learning. This innovative method accelerated the replication of egg properties within a plant-based framework.

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North America holds the highest market share during the forecast period.

North America remained the largest market for precision fermentation ingredients due to the increasing consumer awareness, consumption of healthy food ingredients, and veganism trend etc. The landscape of North American precision fermentation ingredients market is poised for a transformative shift; around 40% of U.S. adults, over 90 million individuals, are ready to embrace precision fermentation products, projected to reach 132 million consumers by 2027 (The Hartman Group). Younger generations are receptive due to environmental concerns and sustainability, with the second most influential factor being the positive impact on the environment. This aligns with their preference for sustainable consumption. The link between precision fermentation ingredients and sustainability, including reduced greenhouse gas emissions, natural farming, and sustainable packaging, offers innovation potential. Millennials and Gen Z are willing to pay up to 10% more for such products. This technology serves as a catalyst for a more sustainable and technologically advanced market landscape shaped by evolving consumer preferences and environmental consciousness.

Lecithin and Phospholipids Market Overview, Trends, Growth Opportunities, and Leading Players

 The Lecithin and phospholipids market size is estimated to be valued at USD 5.5 billion in 2022 and is projected to reach USD 7.5 billion by 2027, recording a CAGR of 6.3% during the forecast period in terms of value. The market is driven by shifting consumer preferences to the natural and healthy food products. Moreover, it has also witnessed that the increasing vegan and flexitarian population across the globe is promoting the plant-based and natural ingredients in food products. These consumer trends are anticipated to fuel the demand for Lecithin & phospholipids in the global market over foreseeable future.

Lecithin and Phospholipids Market Trends

• Growing Demand in Food and Beverage Industry: Lecithin and phospholipids find extensive use in the food and beverage industry as emulsifiers, stabilizers, and dispersants. With increasing demand for processed and convenience foods, the demand for these ingredients is expected to rise.
• Health and Wellness Trends: Consumers are becoming more conscious of their health and are seeking products with natural and functional ingredients. Lecithin and phospholipids, derived from sources such as soybeans, sunflowers, and eggs, are perceived as natural and healthy additives, driving their demand in food, supplements, and pharmaceuticals.
• Functional Ingredients: Lecithin and phospholipids are valued for their functional properties, such as their emulsifying and solubilizing capabilities. They are used in a wide range of applications including baked goods, confectionery, dairy, and dietary supplements.
• Expanding Applications in Non-Food Sectors: Beyond the food industry, lecithin and phospholipids find applications in sectors like cosmetics, pharmaceuticals, and animal feed. In cosmetics, they are used as emollients and moisturizers, while in pharmaceuticals, they serve as excipients and delivery agents.
• Technological Advancements: Innovations in extraction and purification technologies are improving the efficiency and quality of lecithin and phospholipids production. This is leading to a broader range of applications and better cost-effectiveness for manufacturers.
• Sustainable Sourcing and Production: Environmental concerns and consumer preferences for sustainable products are driving companies to adopt sustainable sourcing practices and eco-friendly production methods. This includes sourcing non-GMO and organic raw materials and implementing environmentally friendly extraction processes.
• Regulatory Landscape: Regulatory standards and requirements regarding the use of lecithin and phospholipids in various industries continue to evolve. Compliance with food safety regulations and labeling requirements is crucial for companies operating in this market.
• Global Market Dynamics: The market for lecithin and phospholipids is influenced by global economic conditions, trade policies, and geopolitical factors. Fluctuations in commodity prices, currency exchange rates, and supply chain disruptions can impact market dynamics and pricing trends.

Lecithin and Phospholipids Market 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.

By source, soy was the largest segment in the global phospholipids market.

The soy segment is estimated to dominate the market for phospholipids, by source, in terms of value, in 2022. Increased demand for natural sources in the cosmetics and pharmaceutical industries has boosted the demand for soy-based phospholipids at a global level. Moreover, the increase in demand for naturally sourced ingredients in the food & beverage industry as an emulsifier across the globe is one of the major factors driving the demand for soy in the phospholipids market.

Asia Pacific is anticipated to be the fastest-growing region in the Lecithin & phospholipids market over the forecast period.

The thriving food industry in developing economies as well as world’s top two most populous Asian countries including China and India which comprises a wide variety of bakery products, meat, dairy, and convenience foods is anticipated to fuel the demand for Lecithin & phospholipids. Moreover, growing popularity and adoption of food trends like veganism and natural plant-based foods among consumers is anticipated to promote the demand for Lecithin & phospholipids in the regional market.

Top Companies in the Lecithin and Phospholipids Market

Key players in this market include Cargill (US), ADM (US), DuPont (US), IMCD Group B.V. (US), Bunge Limited (US), STERN-WYWIOL GRUPPE (Germany), Wilmar International Ltd. (Singapore), Sonic Biochem (India), Avril Group (France), American Lecithin Company (US).

Plant-based Meat Market Share, Analysis, Trend, Size, Growth till 2027

 The global plant-based meat market size is estimated to be valued at USD 7.9 billion in 2022 and is projected to reach USD 15.7 billion by 2027, recording a CAGR of 14.7% in terms of value during the forecast period. Plant-based meat products serve as an alternative to animal meat. The rise in consumption of plant-based meat is either due to medical reasons or lifestyle changes.

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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.

The burger patties segment is projected to grow at the highest CAGR in the plant-based meat market during the forecast period

By product, the plant-based meat market is segmented into burger patties, strips & nuggets, sausages, meatballs, and other products. The other products include slices, fillets, cutlets, fingers, and crumbles. Burgers are generally very popular among consumers globally, particularly in North America. With the growing veganism trend and health consciousness, the demand for plant-based burgers is on the rise. The segment has been dominating the market historically and is expected to continue doing so during the forecast period, making it the fastest-growing product segment in the plant-based meat market.

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.

Top Companies in Plant-based Meat Market

Key players in this market include 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).

Beyond Meat (US), a Delaware Corporation is one of the biggest alternative protein brands offering a portfolio of plant-based meats. The company markets the plant-based product via three categories: beef, pork, and poultry. Beyond Meats range of plant-based meat products can be categorized into four segments: Beyond Burgers, Beyond Sausage, Beyond Beef, and Beyond Beef Crumbles. The company has a wide presence in the US. Its factories are in Columbia and Missouri of the US.

Impossible Foods Inc., (us), manufactures plant-based products by observing animal products at the molecular level and selects specific proteins and nutrients from greens, seeds, and grains to recreate meat and dairy products. Impossible Foods Inc. has its first large-scale food manufacturing site located in Oakland, California. The countries where the company has its presence include the US, Canada, Hong Kong, Macau, and Singapore.

Vitamin and Mineral Premixes Market Dynamics, Growth Factors, and Outlook until 2027

 The vitamin and mineral premixes market size is estimated to be valued at USD 7.2 billion in 2022. It is projected to reach USD 9.8 billion by 2027, at a CAGR of 6.4%, in terms of value, between 2022 and 2027. Vitamin & mineral premixes have become crucial ingredients in pet food. They are used to enhance pet food's nutritional content and meet its nutritional requirements. In addition, with the advent of the pandemic, consumers across the globe have become more conscious about their health and have started taking several nutritional supplements. These trends are anticipated to boost the demand for vitamin & mineral premixes over the forecast period.

Vitamin & Mineral Premixes Market Drivers: Growth in compound feed consumption

According to the FAO Food Outlook, global meat production was estimated to be 311.8 million tonnes in 2014, with a year-on-year growth of 1.1%, due to increased meat consumption. To meet the increasing demand for meat products and as a control measure to reduce transportation and management costs, farmers opted to utilize complete feeds to prepare animal feeds. The rise in the prices of feed ingredients, such as wheat, corn, and soybean, has increased the operational costs of farm activities for livestock farmers. Also, the increased consumption of compound feeds for farm animals' growth and development has enabled feed premixes' growth. On-farm feeds using vitamin and mineral premixes are prepared by farmers to provide balanced feed to animals. The usage of feed premixes has also been prompted by the widening quality norms for exported livestock products and increasing awareness among consumers of healthy foods.

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By type, vitamin & mineral combination segment expected to achieve fastest growth during forecast period.

The popularity of vitamin & mineral premixes, compared to individually manufactured vitamin premixes and mineral premixes, can be attributed to the increased consumer preference for blends of different functional ingredients to attain optimum health. Also, one of the factors fueling the growth of this market is the occurrences/prevalence of vitamin & mineral deficiencies and anemia in developing countries. Leading manufacturers are tapping this opportunity and addressing malnutrition by introducing vitamin and mineral premixes blends for various applications.

By form, dry form expected to account for largest share during forecast period.

Vitamin & mineral premixes are widely used in the powdered form, as they are more stable than the liquid form. The convenient packaging of powdered premixes reduces complexities in supply chain processes, resulting in the increased popularity of this form. Powdered premixes are used across an extensive range of feed and food applications, such as low-fat milk powders, bakery products, health drink powders, soup mixes, and dessert mixes. Vitamin & mineral premixes are used by pharmaceutical and personal care companies in their powder form to manufacture tablets, capsules, toothpaste, face powders, lipsticks, and creams.

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

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

Vitamin & Mineral Premixes Market Share:

Key players in this market include DSM (Netherlands), Corbion (Netherlands), Glanbia plc (Ireland), Vitablend Nederland BV (Netherlands), SternVitamin GmbH & Co. KG (Germany), Wright Enrichment Inc. (US), Zagro (Singapore), Nutreco (Netherlands), Farbest-Tallman Foods Corporation (US), Burkmann Industries, Inc. (US), Bar – Magen LTD (Israel), BASF SE (Germany), ADM (US), Innov Ad NV/SA (Belgium), Jubilant Ingrevia Limited (India), IDENA (France), Spansules Pharmatech Pvt. Ltd. (India), Amesi Group (South Africa), SA Premix (South Africa), YesSinergy (Brazil), Phibro Animal Health Corporation (US), DLG (Denmark), Gk Biochemical Corporation (India), Advanced Animal Nutrition Pty Ltd. (Australia), and Credence Remedies Pvt. Ltd. (India).

Egg Processing Market Size, Trends, Share Analysis, and Forecast 2029

 The global egg processing market, valued at USD 37.5 Billion in 2024, highlights a remarkable growth projection, anticipated to escalate to USD 47.2 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 4.7% during the forecast period.  According to the United States Department of Agriculture (USDA) report of egg product export information in 2022, the high export value of USD 718.92 million in 2022 and the diversity of top export markets such as Canada, Mexico, and South Korea indicate a strong international demand for processed egg products. This shows that the processing market is expanding to meet this demand, potentially driven by factors like convenience, longer shelf life, and safety assurances offered by processed products. Additionally, the USDA's resources, including guidance and market reports, suggest proactive support for the industry, potentially fostering innovation and expansion into new markets, further contributing to the growth of the egg processing market.

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The organic egg products segment is the fastest-growing market in the upcoming forecast period.

The demand for organic egg products is on the rise, driven by consumer trends favoring perceived health benefits, food safety concerns, animal welfare considerations, and environmental sustainability. According to the United Egg Producers, organic and cage-free shell egg production has increased from 29.3% (96.1 million hens) in 2021 to 34% (106.2 million hens) in 2022 to meet consumer concerns about the welfare of animals raised for food production, and organic certification ensures that hens have access to outdoor space and are not given antibiotics or growth hormones.

According to the blog provided by the Egg Carton Store Blog in September 2023, organic egg products are experiencing a surge, driven by health-conscious consumers seeking high-quality, ethical food. Consumers are willing to pay more for organic eggs due to concerns about food quality and production methods. Rising disposable incomes, increased availability, and effective marketing further fuel demand. For instance, EIPRO-Vermarktung GmbH & Co. KG (Germany) offers a variety of organic egg products, including whole egg, egg yolk, egg white, and liquid and frozen egg alternatives. Their organic egg products are pasteurized for safety and come in a variety of packaging options.

Opportunities:Cutting-edge technology enhances efficiency and market appeal in egg processing.

The integration of advanced automation technologies in egg production presents a significant opportunity for the industry's growth and efficiency. In Canada, where labor shortages and the transition to cage-free systems are driving forces, investments in automated packing, stacking, and palletization technologies are enhancing operational efficiency and egg quality. For instance, the adoption of automated packing and stacking equipment, such as Damtech's systems, streamlines egg collection and processing, reducing labor-intensive tasks and improving productivity. Additionally, innovations like the Ovoconcept palletizing robot at Rose Valley Colony exemplify how automation can significantly increase efficiency, with the ability to palletize 10,000 eggs in just 30 minutes. These technological advancements not only optimize operations but also improve egg quality and cleanliness, leading to fewer cracked and broken eggs. With potential return on investments as short as four to five years for equipment like the Ovoconcept robot, the adoption of automation offers a promising opportunity for egg processing companies to enhance efficiency, reduce costs, and meet evolving consumer demands.

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Europe accounts second dominant position within the egg processing market throughout the forecast period.

According to the European Commission in 2023, the European Union (EU) has over 350 million laying hens, producing nearly 6.7 million tons of eggs annually. France, Germany, Spain, and Italy are the top producers, accounting for more than half the EU's production. Processed egg products are becoming increasingly popular in Europe, driven by growing consumer concerns about animal welfare and environmental impact are pushing egg processors to adopt more sustainable practices, such as sourcing eggs from cage-free hens and using recyclable packaging. However, adapting to evolving consumer preferences and addressing welfare concerns are the major factors contributing to the growth of the market.

According to the European Union in 2022, an estimated 2 million tons of eggs will be used for the egg processing industry. These products offer convenience, extended shelf life, and consistent quality, making them popular in foodservice, bakeries, and manufacturing industries. Additionally, innovation in processing technologies and product development will be crucial for the industry to adapt to changing consumer preferences and market dynamics. Major players in the European egg processing market include Interovo Egg Group BV (Netherlands), IGRECA (France), Eurovo Srl (Italy), and Avril SCA (France). The market is highly fragmented, with the presence of many regional players, and key players require high R&D investments to cater to changing consumer demands.

Prominent industry players, including Cal-Maine Foods, Inc. (US), Rose Acre Farms (US), Ovobel Foods Limited (India), SKMEgg.com (India), Interovo Egg Group BV (Netherlands), IGRECA (France), Eurovo Srl (Italy), Avril SCA (France), Rembrandt Foods (US), and Hillandale Farms (US), wield substantial influence in the egg processing market. These entities boast robust manufacturing facilities and well-established distribution networks across pivotal regions such as North America, Europe, South America, and the Asia Pacific, ensuring a widespread presence and accessibility of their products.

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Organic Soy Protein Isolates Market Size, Share, Trend Analysis, Segmentation, and Forecast To 2029

 The global organic soy protein isolates market, valued at USD 197 million in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 257 million by 2029, indicating a robust compound annual growth rate (CAGR) of 5.4% during the forecast period. One of the key applications of organic soy protein isolates is in the food and beverage industry, where they are utilized as ingredients in meat alternatives, bakery products, performance nutrition. These soy protein isolates offer a rapid and efficient source of amino acids, facilitating quicker muscle recovery and promoting overall health. The market's versatility and diverse applications underscore the manifold benefits of organic soy protein isolates, making them a sought-after ingredient in various sectors and contributing to the industry's sustained expansion.

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Growth in demand for clean label and sustainable feed products propelling the market for organic soy protein isolates at the highest CAGR.

The demand for organic soy protein isolates in the feed industry continues to grow as the demand for meat products in developed countries increases. The North American and Asia Pacific regions are among the key regions for meat production and are predominant consumers of feed products. While plant-based sources have routinely been utilized in the feed industry, they have been processed and used in a crude protein format. The development of soy protein-based feeds, including isolates, represents the increase in the shift toward high-grade premixes.

FAOSTAT estimates that about 1,000 million tons of animal feed are produced globally every year; this includes 600 million tons of compound feed. More than 80% of this feed is produced by 3,800 feed mills, and 60% of the global total is from 10 countries: the US, China, Brazil, Japan, France, Canada, Mexico, Germany, Spain, and the Netherlands. The importance of nutritional diets for animals is increasing, owing to the demand for high-quality animal products, such as meat, dairy, and other animal byproducts.

The liquid segment within the organic soy protein isolates steering the market's momentum due to its blendability.

Liquid soy protein isolates are gaining popularity due to their suitability for various applications, particularly in beverages and infant nutrition products. Unlike their powdered counterparts, which enjoy high demand, liquid soy protein isolates offer distinct advantages. Their inherent blendability makes them well-suited for incorporation into ready-to-drink (RTD) beverages, where they contribute to the desired nutritional profile and texture. While powdered soy protein ingredients typically dominate the market, the liquid form presents unique advantages, particularly in terms of ease of use and quick integration into formulations. Despite having a shorter shelf life compared to powdered alternatives, liquid soy protein isolates are preferred for their convenience and immediate availability, making them a preferred choice for manufacturers of RTD beverages and similar products.

An article published in Forbes in September 2022 highlighted the surging demand for RTD beverages, which has directly contributed to the increased interest in liquid soy protein ingredients. This trend underscores the importance of liquid soy protein isolates in meeting evolving consumer preferences and industry demands for convenient, nutritionally dense beverage options.

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In Europe, the organic soy protein isolates market witnesses significant advancement as government measures to increase production of plant-based protein.

The European market for organic soy protein isolates is divided into applications for both food and feed. The rise of product manufacturers and the acceptance of plant-based protein alternatives have spurred a surge in product introductions across the region.

Moreover, there has been a remarkable increase in veganism within the country, representing a substantial portion of the population. This shift is driven by escalating concerns about sustainability and a heightened emphasis on maintaining good health practices. The growing adoption of veganism and the move away from animal-derived meat offer significant business prospects for companies involved in the organic soy protein industry.

The French government has implemented various strategies to bolster and expand the production of plant-based protein, including organic soy, within the country. This involves collaborating with international counterparts and earmarking substantial funds to enhance domestic production capabilities of plant-based protein. In September 2020, the French government unveiled plans to invest USD 11.85 billion to enhance the country's production of plant-based protein, specifically organic soy.

The key players in the market are ADM (US), The Scoular Group (US), Xinrui Group (China), Shandong Saigao Group Corporation (China), Taj Agro international (Taj Pharma Group) (India).

Controlled-release Fertilizers Market to Witness Astonishing Growth by 2028

The global controlled-release fertilizers market size is projected to reach USD 2.9 billion by 2028 from USD 2.2 billion by 2023, at a CAGR of 5.9% during the forecast period in terms of value. The global market has witnessed significant growth and established its dominance in the global agriculture industry. According to the World Bank Report 2023, approximately 9.2% of the world’s population faced hunger in 2022, compared with 7.9% in 2019. The rising levels of hunger and food insecurity highlight the urgent need to increase agricultural productivity to ensure food availability. Thus, the increasing demand for enhanced agricultural output while reducing environmental effects is one of the main driving factors. These fertilizers deliver nutrients gradually, enhancing plant absorption while lowering leaching and runoff, which helps reduce water pollution. Furthermore, the use of controlled-release fertilizers is accelerated by the push for sustainable agricultural practices, which are complementary to their advantages.

 

Controlled-release Fertilizers Market Drivers: Increasing Global Population and Food Demand necessitating higher agricultural productivity drives Growth in Controlled-release Fertilizers Market

The growing worldwide population is driving tremendous expansion in the market for the high demand for food. The need for food products grows along with the growth of the global population. According to FAO 2021, the world's population, now 5,300 million, is increasing by approximately 250,000 people every day. It is estimated that 1,000 million people will be born during this decade. As the global population expands, so does the demand for food products that cater to diverse dietary needs, preferences, and health considerations. This demand extends not only to staple crops like grains but also to fruits, vegetables, and other agricultural products. To keep up with this demand, agricultural systems need to produce more crops on the same or even a shrinking land area.

While increasing agricultural productivity is essential, it must be done in a sustainable manner to avoid negative environmental impacts. Conventional fertilization practices can lead to nutrient runoff, water pollution, and soil degradation. This is where controlled-release fertilizers come into play. Controlled-release fertilizers provide a controlled and gradual release of nutrients to plants over an extended period. These controlled-release fertilizers match the nutrient uptake patterns of crops more closely, minimizing nutrient wastage and enhancing nutrient use efficiency. This efficiency not only contributes to higher yields but also reduces the risk of nutrient runoff, which can harm water bodies and ecosystems.

Nitrogen Stabilizers Is One Of The Controlled-Release Fertilizer Types Which Accounted Second Highest Market Share in 2022

Nitrogen stabilizers are gaining popularity in the agricultural market due to their ability to improve nitrogen use efficiency and reduce nitrogen losses to the environment. Nitrogen is a vital nutrient for plant growth, but it can be easily lost from the soil through processes like leaching (movement of nutrients with water through the soil profile) and denitrification (conversion of nitrate into gaseous forms). Nitrogen stabilizers are additives that can be combined with traditional fertilizers to slow down the conversion of ammonium-based fertilizers into nitrates, thus reducing nitrogen losses.

Farmers are becoming more educated about the consequences of nutrient losses and the benefits of controlled-release technologies. This increased awareness drives the demand for solutions like nitrogen stabilizers. Moreover, as sustainable farming practices gain prominence, farmers are seeking ways to minimize their environmental footprint. Nitrogen stabilizers align with these goals by minimizing nitrogen losses and promoting responsible nutrient management.

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.

Controlled-release Fertilizers Market Share

The key players in this market include 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).