The carotenoids market size is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, recording a compound annual growth rate (CAGR) of 4.2%, in terms of value, during the forecast period. Carotenoids are a group of yellow to red pigments, including the carotenes and the xanthophylls, found particularly in plants, algae, and photosynthetic bacteria and certain animal tissues. The increase in the usage of carotenoids as food colorants and the advancements end-user technologies are the major factors that are projected to drive the growth of the carotenoids market.
Thursday, April 29, 2021
Key Trends Shaping the Carotenoids Market
Wednesday, April 28, 2021
Latest Regulatory Trends Impacting the Biofertilizers Market
The report "Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Crop Type, Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Region - Global Forecast to 2025" The biofertilizers market is projected to reach USD 3.9 billion by 2025, from USD 2.3 billion in 2020, recording a CAGR of 11.6% during the forecast period. Rising awareness about the hazards of chemical fertilizers among consumers, soil degradation, nitrate emissions, along with government initiatives, is projected to witness significant growth during the forecast period.
The biofertilizers market includes domestic companies suppliers like Madras fertilizers Ltd, National Fertilizers company Ltd, Jaipur Biofertilizers and Varsha Biosciences Biotech Pvt Ltd. These suppliers have their manufacturing facilities mainly across single region. Though COVID-19 has impacted their businesses as well but there is no significant impact on the supply chain of their biofertilizers. Multiple manufacturing facilities of players are still in operation. Due to supply chain disruptions, labour shortage, closure of food outlets, the supply hasn’t been able to cross the regional and national borders. But due to the increasing demand for food, will increase the production area in the future, once the crisis comes to standstill. However, the demand for biofertilizers is yet to increase after government relaxations.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=856
COVID-19 impact on Biofertilizers market
COVID-19 has impacted the businesses of biofertilizer companies up to some extent. Though this pandemic situation has impacted their businesses, there is no significant impact on the global operations and supply chain of their biofertilizers. Multiple manufacturing facilities of players are still in operation. The service providers are providing biofertizer products by following safety and sanitation measures.
Opportunity: New target markets: Asia Pacific & Africa
The Asia Pacific and African regions are the largest consumers of fertilizers. The increasing rate of population, especially in Asia, has resulted in the increasing demand for food, which would, in turn, lead to the increased consumption of fertilizers. However, the major concerns in this region are pollution and contamination of soil as well as their harmful effects on human beings. To combat the harmful effects of chemical fertilizers, governments in these regions are emphasizing on the use of environmental-friendly fertilizers, such as biofertilizers and organic manure.
Challenge: Lack of awareness & low adoption rate of biofertilizers
The lack of awareness in farmers about biofertilizers in underdeveloped and developing countries is creating a challenge for the biofertilizers market. They prefer using chemical fertilizers, as they are easy to handle. This can be attributed to a lack of training and information. Furthermore, the established nature of the chemical fertilizers market is also one of the reasons for the slow adoption of biofertilizers, as conventional fertilizer companies hold a wide range of product offerings and have a strong distribution network.
Higher consumption of biofertilizers for organic fruits & vegetables contributes to the growth of the biofertilizers market in this segment
Biofertilizers have proved to be useful in numerous ways, including improving the quality, shelf-life, and yield of fruits & vegetables. The increasing trend of consumer preferences for organic fruits & vegetables due to changing lifestyle and rising per capita income is the primary factor driving market growth. A rising trend in the cultivation of organic fruits & vegetables and those under IPM practices have also created a positive impact on the growth of the biofertilizers market.
Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=856
With the increasing demand for organic food products, North America is estimated to dominate the biofertilizers market in 2020
Changing lifestyle and increasing buying power among consumers has increased the demand for biofertilizers. High adoption of advanced irrigation systems such as drip & sprinkler irrigation and widespread acceptance of biofertilizers among the farmers is further propelling the market growth. The farmers in this region are highly skilled in terms of knowledge and machinery. Due to the rampant use of chemical fertilizers, the fertility of the soil is declining. To maintain soil fertility as well as the yield of crops, farmers are sustainably opting for biofertilizers.
This report includes a study of the development strategies of leading companies. The scope of this report consists of a detailed study of biofertilizer manufacturers such as Novozymes (Denmark), Kiwa-Biotech (China), Rizobacter Argentina S.A (Argentina), Lallemand Inc. (Canada) and Symborg (Spain).
Upcoming Growth Trends in the Pesticide Inert Ingredients Market
The report "Pesticide Inert Ingredients Market by Type (Emulsifiers, Solvents, and Carriers), Source (Synthetic and Bio-based), Form (Dry and Liquid), Pesticide Type (Herbicides, Insecticides, Fungicides, and Rodenticides), and Region - Global Forecast to 2023 " , The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.
- Which market segments to focus on in the next two to five years for prioritizing efforts and investments?
- Which region will have the highest share in the pesticide inert ingredients market?
- Which type of pesticide inert ingredients witnesses high demand in each key country market?
- What are the trends and factors responsible for influencing the adoption rate of bio-based inert ingredients in key emerging countries?
- Which are the key players in the market and how intense is the competition?
Growth Opportunities in the Plant Breeding and CRISPR Plants Market
The plant breeding and CRISPR plants market is estimated to account for USD 7.6 billion in 2018 and is projected to reach USD 14.6 billion by 2023, at a CAGR of 13.95% during the forecast period. Strong funding by the private and public sectors toward plant biotechnology such as the development of high-throughput sequencing systems and application of MAS and genomic selection in field and vegetable crops are projected to drive the growth of the market over the next five years.
- Which market segments to focus on in the next two to five years for prioritizing efforts and investments?
- Which region will have the highest share in the plant breeding and CRISPR plants market?
- Which type of plant breeding techniques have high demand in each key country market?
- What are the trends and factors responsible for influencing the adoption rate of biotechnological methods in key emerging countries? What is the level of investment preferred by local seed manufacturers to adopt these technologies?
- Which are the key players in the market and how intense is the competition?
Factors Driving the Biofortification Market
The report “Biofortification Market by Crop (Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, and Pearl Millet), Target Nutrient (Zinc, Iron, and Vitamins), and Region (Latin America, Africa, and Asia Pacific) – Global Forecast to 2023 “, is estimated at USD 78 million in 2018, and it is projected to grow at a CAGR of 8.6% from 2018 to reach USD 118 million by 2023. Biofortified crops are usually sweet potato, cassava, rice, corn, wheat, beans, pearl millet, and other crops such as tomato, banana, sorghum, and barley. The growth of the biofortification market is driven by the rising demand for high nutritional content in food.
Key Questions Addressed by the Report:
- What are the new target nutrients areas, which the biofortification companies are exploring?
- Which are the key players in the market and how intense is the competition?
- What kind of competitors and stakeholders such as biofortification companies, would be interested in this market? What will be their go-to strategy for this market and which emerging market will be of significant interest?
- How are the current R&D activities and M&As for biofortified crop industry projected to create a disruptive environment in the coming years for the agricultural sector?
- What will be the level of impact on the revenues of stakeholders through the benefits of nanotechnology to different stakeholders‒‒from rising farmer revenue to environmental regulatory compliance to sustainable profits for the suppliers?
Tuesday, April 27, 2021
Probiotics in Animal Feed Market Projected to Garner Significant Revenues by 2025
The report "Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria [Lactobacilli, Streptococcus Thermophilus, Bifidobacteria] and Yeast & Fungi), Form (Dry and Liquid), and Region - Global Forecast to 2025", The global probiotics in animal feed market is estimated to be valued at USD 4.6 billion in 2019 and is projected to reach about USD 7.0 billion by 2025, at a CAGR of 7.4%. The growth of this market is attributed to the rise in demand for functional animal feed products in emerging economies such as Asia Pacific and RoW.
Driver: Growth in consumption of animal-based products
Several changes have been witnessed regarding the dietary habits and consumption patterns of the population, wherein a shift has been observed toward the increased consumption of meat and dairy products. This increase in the demand for various animal products such as milk, dairy products, meat products, eggs, and other non-food items has led to the growth in the usage of feed additives, thereby boosting the probiotics in animal feed market growth. The rapid growth in population has also increased the demand for food all over the world.
The livestock sector is under significant pressure to meet the growing global demand for high-value animal products. Consumers are becoming health-conscious and are focusing on nutrition-rich diets, which are provided by enriched feed products offered to the livestock. Livestock products such as meat, milk, and eggs are rich sources of micronutrients such as iron, zinc, and vitamins. The demand for probiotics in animal feed has increased due to the health benefits associated with the consumption of probiotics. They help in maintaining the microbial flora in the intestinal tract of animals and in enhancing the resistance against pathogens by improving their immune system. They also aid in the treatment of irritable bowel syndrome, inflammatory bowel disease, infectious diarrhea, and antibiotic-related diarrhea. This helps animals to derive maximum nutrition from the feed, which in turn increases the quality of animal products.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=85832335
The aquaculture segment is estimated to witness the fastest growth in the probiotics in animal feed market in 2019
By livestock, the probiotics in animal feed market is segmented into poultry, ruminants, swine, aquaculture, pets, and others (equine and rabbits). There is an increase in demand for probiotics in the feed for aquaculture due to an increase in demand for dietary animal protein. Many breeders are also developing probiotics that could cater to the all-round growth and development of aquatic animals.
The dry segment, by form, held a larger market share in the probiotics in animal feed market in 2018
By form, the probiotics in animal feed market is segmented into dry and liquid forms. The dry form of probiotics in animal feed held a larger market share in 2018 due to factors such as lower storage cost for feed manufacturers and longer shelf-life of feed products, as opposed to liquid probiotics, which have a high moisture content that leads to uncontrolled culturing, which ultimately affects the quality of the feed.
Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=85832335
The Asia Pacific region is projected to dominate the market through the forecast period
In 2018, the Asia Pacific region led the global probiotics in animal feed market. Factors such as a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health are driving the Asia Pacific market. Some of the countries contributing to the growth of this region include China, India, Japan, Australia, and New Zealand.
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 probiotics in animal feed market. It includes the profiles of leading companies such as Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DowDuPont (US), Evonik Industries (Germany), Land OLakes (US). Other players include Lallemand (Canada), Bluestar Adisseo Co. (China), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), Kerry (Ireland), and Mitsui & Co., Ltd. (Japan).
Integrated Food Ingredients Market Growth Opportunities by 2023
The integrated food ingredients market is estimated at USD 60.90 billion in 2018 and is projected to reach USD 77.48 billion by 2023, growing at a CAGR of 4.9% during the forecast period. The increasing disposable incomes, growing population, busy lifestyles, and a shift in the focus for highly convenient processed food are some of the key trends influencing the growth of this market.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118618755
- Integrated food ingredients manufacturers
- Regulatory bodies
- Intermediary suppliers
- End Users