Essential Oils Market to Witness Unprecedented Growth in Coming Years

The global essential oils market size is projected to reach USD 11.19 Billion by 2022, at a CAGR of 8.83% from 2017 to 2022. The shifting trend towards preventive healthcare, coupled with an improved standard of living among consumers, are the major factors driving the market. Also, increasing cases of depression and anxiety disorders among consumers are seen to be contributing to the growing demand for essential oils from the aromatherapy industry. The market has been segmented based on product type, method of extraction, application, and region.

The objectives of the study include the following:

• To define, segment, and measure the size of the essential oils market concerning its product type, method of extraction, application, and region
• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the market leaders
• To project the size of the market in terms of value and volume, for four regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their core competencies
• To analyze the competitive developments such as new product launches & developments, acquisitions, mergers, expansions & investments, agreements, and joint ventures in the market

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Aromatherapy projected to be the fastest-growing segment in the essential oils market, by application, during the forecast period 2017–2022

Essential oils are volatile liquid substances extracted from aromatic plant material by different types of extraction methods. They have potent antioxidant and anti-microbial properties and can be used to treat depression and stress-related diseases. Different types of essential oils used in aromatherapy include tea tree oil, jasmine oil, rosemary oil, and lavender oil. These oils are used in massage therapies, acupuncture, and topical care. Changing lifestyles and their consequences, such as high stress and depression, along with increasing disposable incomes, result in an increase in demand for aromatherapy.

On the basis of method of extraction, the distillation segment is estimated to be the largest market in the essential oil industry in 2017

Distillation is the process of separating components of a mixture by evaporating and then condensing the vapor into liquid. It is a technique which is slightly volatile, where the water-insoluble substances are separated from nonvolatile materials by means of distillation. Different types of distillation methods are used such as water distillation, water & steam distillation, and steam distillation for extraction of oils. Distillation is one of the primary methods used for extraction in essential oil industries.

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Significant growth for essential oil is observed in the Asia-Pacific region

The Asia-Pacific region is segmented into China, Japan, India, Australia & New Zealand, and Rest of Asia-Pacific. The increase in preference of consumers for natural essential oil ingredients such as peppermint & spearmint and rise in purchasing power parity in the region is driving the demand for essential oils in applications such as aromatherapy, health care, and food & beverages.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies in essential oils market. It includes the profiles of leading companies such as Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (Netherlands), and Givaudan SA (Switzerland).

Rice Seeds Market: Growth Opportunities and Recent Developments

The rice seeds market is projected to reach USD 7.62 billion by 2023, from USD 5.47 billion in 2018, at a CAGR of 6.85% during the forecast period. The market is driven by factors such as the increasing technological advances in rice breeding, declining prices of hybrid rice seeds, growing adoption of hybrid rice seeds in the developed and developing countries, and rising seed replacement rate for paddy across Asian countries.

The objectives of the report are as follows:

• Determining and projecting the size of the rice seeds market, with respect to type, hybridization technique, treatment, grain size, and regional markets, over a five-year period ranging from 2018 to 2023.
• Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions.
• Analyzing the demand-side factors based on the impact of macro and microeconomic factors on the market and shifts in demand patterns across different subsegments and regions.

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According to the International Seed Federation (ISF), rice accounted for nearly 5% of the global commercial seeds market in 2014. The major seed manufacturing companies have been expanding their product portfolio in the Asian countries. Strong support from the government in terms of subsidies for hybrid seeds has encouraged farmers to adopt this technology in developing countries as well. The decline in prices of hybrid seeds, to bridge the difference between hybrids and OPV seeds, has also encouraged key players to invest in the market.

Open-pollinated varieties were estimated to dominate the rice seeds market in 2018. Increasing adoption of hybrid seeds and increasing seed replacement rate across the countries of Asia Pacific, particularly in India, Thailand, China, and Vietnam is projected to impact the market growth; however, due to the high prices of hybrid seeds, its adoption has been limited to these developing countries. According to industry experts, even though the consumption of hybrid seeds has been exponentially increasing, particularly in China and India, and hybrid seeds have been increasingly preferred by farmers, the market is dominated by open-pollinated varieties owing to the high price of the hybrids.

The advent of genetically modified rice seeds was projected to boost the rice seeds market, after the success of Bt cotton. Majority of the key players have also invested in the development and support of GM rice projects. The Golden Rice Project supported by Syngenta and the development of GM rice seeds by Mahyco was scheduled to be commercialized in the past few years. However, the stringent regulations against GM technology for edible crops have hindered the commercialization of this technology, and multiple projects got shelved due to the regulatory policies.

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Asia Pacific is a major consumer and producer of rice across the globe, and inadequate arable land in this region has encouraged farmers for better yield from their cultivation. Adoption of advanced technologies such as hybrid and certified seeds is also increasing in this region. According to the recent data of USDA published in 2016, India and China are the two major producers and consumers of rice, not only in the Asia Pacific region but across the globe. The Asia Pacific market for rice seeds is consolidated with two players occupying the largest share, followed by other players. Since rice cultivation in other regions of the world is comparatively low, the growth of the Asia Pacific market is projected to remain steady during the forecast period.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Bayer (Germany), DowDuPont (US), Syngenta (Switzerland), Advanta Seeds (UPL) (India), and Nuziveedu Seeds (India), Mahyco (India), BASF (Germany), Kaveri Seeds (India), SL Agritech (Philippines), Rasi seeds (India), Rallis (India), JK Seeds (India), Hefei Fengle (China), LongPing (China), Guard Agri (Pakistan), and National Seeds Corporation (India).

Target Audience:

• Biotechnological companies
• Genetic solution providers
• Plant & livestock breeders
• Public and private research institutions, agencies, and laboratories
• Commercial seed manufacturers (including both GM and non-GM seed manufacturers)
• Concerned government authorities and seed and plant breeding associations

Latest Regulatory Trends Impacting the Feed Acidifiers Market

The feed acidifiers market is estimated to grow from USD 2.7 billion in 2018 to USD 3.5 billion by 2023, at a CAGR of 5.1% during the forecast period. The major factors driving the feed acidifiers market include the rising consumption of livestock by-products, high threat of diseases in livestock, growing government aids or funds promoting the wellness of the feed industry, and ban of antibiotics in the European Union (EU). The feed acidifiers market is experiencing strong growth due to initiatives being taken for improving animal health globally.

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Opportunity: Encapsulation techniques being used for feed acidifiers

Feed acidifiers have positive effects on livestock health but are often difficult to properly process in feed. Acidifiers tend to lose their efficacy and efficiency, owing to their vulnerability to high temperatures, dusty environment, significant odors, and other volatile properties. As a result, manufacturers are now coming up with newer technologies that help improve feed efficiency by successfully locking in feed acidifiers along with their relevant efficacies and properties. Encapsulation acts as a novel technology for feed products, especially for acidifiers that allow them to improve their release and enteric action and have a longer shelf-life by protecting them against environmental changes, by keeping the liquid, gaseous, or solid acidifier substance packed in a tiny millimetric capsule. These acidifiers are encapsulated in such a manner that the digestive tract obtains small quantities of various acids in a progressive manner. As a result, the amount of acidifiers released into the stomach remains low while the amount reaching the intestinal tract is higher, thereby improving operating efficiency. Along with this protection against extreme environmental factors, encapsulation also maintains the key properties of acidifiers, such as the enhancement of palatability, stability in ration, improved digestion, and better livestock performance.

The Propionic Segment Is Projected To Hold the Largest Share in the Feed Acidifiers Market

As consumers become more sensitive to food safety, rearers are focusing on investing in feed additives that enhance the quality of meat and prevent diseases in livestock. Rearers prefer propionic acid as feed additives as they are a rich source of nutrients and are generally recognized as safe (GRAS) substances by the FDA. Due to their increasing preference in the livestock industry, the propionic segment is projected to account for the largest share in the feed acidifiers market during the forecast period.

Dry Feed Acidifiers To Outpace the Sales of Liquid Feed Acidifiers in the Market Throughout 2023

To maintain consistency in the application and enhance the nutrient quotient of crops, the dry form of feed acidifiers is utilized extensively. Demand for dry feed acidifiers is preferred as they are convenient to store, transport, and use. Also, the dry form of feed acidifiers can be used efficiently due to their free-flowing structure. Owing to these factors, dry feed acidifiers are projected to outpace the sales of the liquid form during the forecast period.

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The Feed Acidifiers Market To Record the Fastest Growth in South America During the Forecast Period

As governments in the South American region focus on investing in the livestock sector, rearers in various countries of this region are allocating their budget to utilize feed acidifiers. Rearers are mainly focusing on improving the meat quality by utilizing feed acidifiers and offer GRAS-certified produce in the market. The demand for meat and poultry products is also projected to increase in parallel to the population growth and disposable income of consumers in this region. Due to these factors, the market in this region is expected to record the highest growth during the forecast period.

Leading players in the feed acidifiers market are adopting strategies such as product launches, acquisitions, expansions, and collaborations & divestments. Key players identified in this market include Yara International ASA (Norway), Kemira OYJ (Finland), BASF SE (Germany), Biomin Holding GmbH (Austria), and Kemin Industries Inc., (US).

Critical questions the report answers:

• Where will all these developments take the industry in the long term?
• What are the upcoming trends for the feed acidifiers market?
• Which segment provides the most opportunity for growth?
• Who are the leading vendors operating in this market?
• What are the opportunities for new market entrants?

Sustainable Growth Opportunities in the Feed Yeast Market

The feed yeast market is estimated to account for USD 1.7 billion in 2018 and is projected to reach USD 2.1 billion by 2023, at a CAGR of 5.27% during the forecast period. The market is primarily driven by the increasing awareness on health concerns related to the use of antibiotics in feed and preference for yeast-based feed products due to its high nutritional value. In addition, with the ban on the use of antibiotics in feed in most of the regions has led to high demand for feed yeast products.

On the basis of genus, the Saccharomyces Spp. segment is projected to be the fastest-growing segment during the forecast period.

Saccharomyces cerevisiae has been the most widely adopted yeast for various applications, including feed. Majority of the key players such as Associated British Foods plc. (UK), Cargill (US), and Lesaffre (France) have been providing feed yeast with Saccharomyces formulation. According to the FAO, besides Saccharomyces spp., Candida spp. (a part of which was formerly known as Torula) has been gaining traction as a probiotic yeast in feed application in North America. Of the various probiotic strains registered with the FAO in 2017 for animal nutrition, only Saccharomyces and Candida are approved for probiotic application in the feed industry.

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The increasing awareness of health benefits associated with probiotic yeast has widened the scope of growth for the feed yeast market.

The use of probiotic yeast in ruminant feed resulted in improved health and higher milk production. Similarly, in pigs, yeast triggers an immune response to reduce the entry of pathogens in the body and also reduces the occurrence of post-weaning diarrhea. With the increasing use of probiotics for animal nutrition, growth promotion, and gut health development, the probiotic yeast segment is projected to record the fastest growth, on the basis of type, during the forecast period.

With the introduction of stringent regulations, Europe is estimated to dominate the feed yeast market in 2018.

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

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This report includes a study of the development strategies of leading companies. The scope of this report includes a detailed study of feed yeast manufacturers such as Associated British Foods PLC. (UK), Archer Daniels Midland Company (US), Alltech Inc. (US), Cargill (US), Lesaffre (France), Angel Yeast Co. Ltd. (China), and Lallemand Inc. (Canada).

Key questions addressed by the report:

• How would the feed yeast market be dependent on the distilleries and livestock industry, and which livestock would adopt maximum usage of feed yeast?
• Which region will account for the highest share in the feed yeast market?
• Which type of feed yeast holds high potential for growth in each key country?
• What are the trends and factors responsible for influencing the adoption rate of feed yeast in key emerging countries? What is the level of support offered by the government across countries towards the manufacturers to adopt these natural growth promoters in feed?
• Which are the key players in the market and how intense is the competition?

Upcoming Growth Trends in the Pheromones Market

The report "Pheromones Market in Agriculture by Crop Type (Field Crops, Fruits & Nuts, Vegetable Crops), Function (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application (Traps, Dispensers, Sprays), Type, and Region - Global Forecast to 2025", The global pheromones market size is estimated to be valued at USD 2.4 billion in 2019 and is expected to reach a value of USD 5.7 billion by 2025, growing at a CAGR of 15.3% during the forecast period. Factors such as the impact of climate change on pest proliferation, strong demand for high-value crops, advancements in integrated pest management solutions, and supportive regulations for semiochemicals are driving the market growth for pheromones.

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By type, sex pheromones are projected to be the fastest-growing segment in the pheromones market during the forecast period.

Sex pheromones aid in reducing the population of insect pests in fruits & nuts, field crops, and vegetable crops. These pheromones can be used in capturing both male and female insects due to which it is a more viable option than aggregation or host-marking pheromones.

By crop type, fruits & nuts are projected to dominate the pheromones market during the forecast period.

Fruits & nuts segment is accounted to hold the largest market share due to the growing demand for high-value crops across the globe. The application of pheromones would aid in reducing the presence of pesticide residue on crops, thereby improving the export scenario for the growers.

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North America is projected to grow at the highest CAGR during the forecast period

The increasing awareness about insect pheromones among IPM practitioners, particularly early adopters in fruit, cotton, and orchard farming such as grapes and pome & stone fruits, is a key factor that is projected to drive the growth of the market. The increasing adoption of pheromones in fruits such as apples, pears, grapes, and peaches in the US and Mexico is due to the need for control codling moth, grape moth, and oriental fruit moth. Through the IPM programs of the US EPA (Environmental Protection Agency) and the USDA, these practices have gained importance in vegetable and field crops, such as sweet corn and cotton, respectively.

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 pheromones market. It consists of the profiles of leading companies such as BASF (Germany), Suterra LLC (US), Russell IPM (US) , Shin-Etsu Chemical Co., Ltd (Japan), Koppert Biological Systems (Netherlands), Isagro Group (Italy), Biobest Group NV (Belgium), ISCA Technologies (US), Trécé Inc. (US), Bedoukian Research, Inc (US), Pherobank B.V (Netherlands), Certis Europe BV (Netherlands), Bioline Agrisciences Ltd (UK), Bio Controle (Brazil), ATGC Biotech Pvt Ltd (India), Sumi Agro France (France), SEDQ Healthy Crops S.L. (Spain), Laboratorios Agrochem, S.L. (Spain), Novagrica (Greece), and International Pheromone Systems (UK).

Recent Developments:

• In June 2019, Koppert Biological Systems acquired Natural Enemies (US), which is a leader in the cannabis industry for chemical-free pest management. This acquisition would help the growers to gain access to Koppert’s high-quality products as well as make efficient use of the company’s knowledge in horticulture.
• In September 2019, PI Industries (India) acquired Isagro’s India-based subsidiary, Isagro Asia. This acquisition helped in enhancing the PI Industries’ access to the manufacturing capabilities of Isagro Asia, which enabled it to expand its customer base. This acquisition would also reduce Isagro Group’s financial debt.
• In December 2018, Biobest Group NV acquired BKS A.S. (Turkey) for strengthening its position in the global market for sticky traps, rolls, and pheromones
• ISCA Technologies acquired the assets of Scotts Canada, Ltd. (Canada), which is a subsidiary of The Scotts Miracle-Gro Company. This acquisition allowed the company to gain access to the industrial business portfolio of pest management products developed by Scotts Canada

COVID-19 Impact on Digital Agriculture Market: Growth Opportunities and Recent Developments

The report "COVID-19 Impact on Digital Agriculture Market by Smart Farming Systems (Livestock Monitoring, Yield Monitoring, Crop Scouting, Field Mapping, Real-Time Safety Testing, and Climate Smart), and Region - Global Forecast to 2021", Post COVID-19, the global digital agriculture market size is estimated to grow from USD 5.6 billion in 2020 and is projected to reach USD 6.2 billion by 2021, recording a CAGR of 9.9%.

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“Precision farming is the most attractive end-user industry in the digital agriculture market.”

The precision farming market is likely to increase in the long term after the COVID-19 outbreak, as precision farming makes it possible to monitor the state of the crops while not being physically present through the usage of automation, minimizing the need to contact other people, which is crucial during these times. This farming is an approach where inputs are utilized in precise amounts to get increased average yields, compared to traditional cultivation techniques. However, in the short term, COVID-19 would affect the market and the growth of the market would be relatively slower in the first and second quarters of the year 2020 due to economic slowdown and inflation.

These practices save time and costs: reduce fertilizer and chemical application costs, reduce pollution through less use of chemicals. Also, they help in monitoring the soil and plant physiochemical conditions: by placing sensors to measure parameters such as electrical conductivity, nitrates, temperature, evapotranspiration, radiation, and leaf and soil moisture, so that the optimal conditions required for plant growth can be achieved. These factors help to obtain a greater output with limited labor force during this pandemic situation where there is a shortage of labor and thus would help in a regular supply of food, thereby ensuring food security.

“Farm labor management remains the worst affected market during COVID-19.”

With the COVID-19 outbreak, farm labor management remains worst affected in the digital agriculture industry. The pandemic has a significant negative impact on the livelihoods of millions of workers engaged in export-oriented, labor-intensive agricultural production in developing countries. The pandemic may also have a serious impact on processing due to labor shortages and the temporary cessation of production. For example, according to International Labour Organization (ILO) 2020, Europe’s agricultural sector is facing dramatic labor shortages due to border closures that prevent hundreds of thousands of seasonal workers from reaching farms that rely on their labor during the harvest period. The impact on the sector is expected to be long term. Many major European agricultural producers, including France, Germany, Italy, Spain, and Poland, are particularly vulnerable. According to Coldiretti, the Italian organization representing farmers, over a quarter of the food produced in the country relies on approximately 370,000 regular seasonal migrant workers.

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“Asia Pacific to be the fastest-growing market in digital agriculture market during the forecast period”

The market for digital agriculture, by region, has been segmented into Asia Pacific, Europe, the US, and RoW. The Asia Pacific segment accounted for the fastest-growing market in 2021, by value, in the digital agriculture market. Asia Pacific comprises the most populated countries such as China and India, with increasing demand for agricultural products. These countries are also the most two of the most affected countries during COVID-19. The government policies supporting the digitization of farm processes and the need for efficient usage of natural resources, and decreasing availability of migrant labor are expected to increase the adoption of digital agriculture techniques.

Some of the major players in the market are DTN (US), Farmers Edge (Canada), Taranis (Israel), Eurofins (Luxembourg), and AgriWebb (Australia). DTN specializes in subscription-based services for the analysis and delivery of real-time weather, agricultural, energy, and commodity market information. The company mainly operates through four business segments, namely, agriculture, energy, weather, and financial analytics. The company offers different smart farming systems through the agriculture segment. Its agriculture segment provides an analysis of commodity markets; hyper-local weather and disease insights to guide planting, growing and harvesting operations to farmers and agribusinesses; and a real-time pulse on the industry so they are aware of the trends and how they may affect their operations.

Agricultural Pump Market: Growth Opportunities and Recent Developments

The report "Agricultural Pump Market by Type (Rotodynamic Pumps, Positive Displacement Pumps), Power Source (Electricity-grid Connection, Diesel/Petrol, Solar), HP, End-Use (Irrigation, Livestock Watering), and Region – Global Forecast to 2025", size is estimated to be valued at USD 4.2 billion in 2020. It is projected to reach a value of USD 6.1 billion by 2025, growing at a CAGR of 7.6% during the forecast period. Factors such as increasing land being brought under irrigation, rising adoption of modern agricultural practices in developing countries, government support in the adoption of new agricultural equipment and technology, increased rate of mechanization, and the advent of big data in agricultural farms are some of the factors that are driving the growth of the market. However, the operation of pumps in fragmented landholdings and high maintenance costs are some of the factors hindering the growth of this market. 

The market for agricultural pumps in the range of 4-15 hp is projected to account for the largest share during the forecast period

Based on hp, the market has been classified into 0.5 -3, 4-15, 16-30, 31-40, and > 40. The demand for pumps in the range of 4-15 hp is the highest due to their growing adoption in small and medium-sized landholdings. They are used to withdraw water from sources, such as reservoirs and lakes.

The availability of subsidy for solar pumps driving the growth of the market

Solar pumps are being provided at subsidized rates to the farmers across countries in China, India, and the Middle East. Due to this, the market for solar pumps would be growing at the fastest rate during the forecast period.

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The rising demand from the irrigation sector to drive the agriculture pumps market

By end-use, the market is segmented into irrigation and livestock watering. The agricultural sector makes use of pumps, majorly for application in irrigation. With the growing area being brought under irrigation, the market for pumps for use in irrigation is growing. With the meat consumption growth across the regions, the need for agriculture pumps in the livestock watering sector is also growing.

Asia Pacific is projected to hold the largest market share during the forecast period

Asia Pacific is the largest share of the global agricultural pumps market due to the presence of some of the major agricultural crop producers, such as China, India, and South Korea, which have large population sizes that demand various varieties of crop products to meet their consumption requirements. This has led to an increase in the land being brought under cultivation, which leads to the growing demand for agricultural pumps.

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 agricultural pumps market. It consists of the profiles of the leading companies such as Xylem Inc. (US), Grundfos (Denmark), Kirloskar Brothers Limited (India), KSB SE (Germany), Valmont Industries (US), Jain Irrigation Systems (India), Franklin Electric (US), WILO (Germany), Shakti Pumps Ltd (India), and Shimge Pump Industry Group Co., Ltd (China). 

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Recent Developments:

• In January 2020, Franklin Electric acquired Valley Farms Supply, Inc. (Lansing, Michigan) for USD 9.0 million. Valley Farms is a professional groundwater distributor operating three locations in the State of Michigan and one in the State of Indiana. Valley Farms has approximately USD 28.0 million of consolidated annual sales.
• In November 2019, WILO USA LLC, a subsidiary of WILO SE, through its newly-established subsidiary, American-Marsh Pumps LLC, acquired the assets of US manufacturer J-Line Pump Co. d/b/a American-Marsh Pumps. The acquisition of American-Marsh Pumps strengthens its footprint in the US and expands the product portfolio for its customers in the Water Management, Industry, and Building Services segments.