Thursday, April 29, 2021

Key Trends Shaping the Carotenoids Market

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.

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The lutein segment is projected to grow at the highest rate during the forecast period

The lutein segment, on the basis of type, is projected to grow at the highest CAGR, in terms of value, during the forecast period. Lutein is synthesized by plants and found in some of the major food items, such as egg yolks, carrot, spinach, kale, squash, grapes, and pepper. It is used in both, human nutrition and animal nutrition products. Its wide acceptability due to its ability to treat age-related eye disorders, including cataracts and macular degeneration, is a key factor driving its demand.

By application, the feed segment is estimated to account for the largest market share in 2019 in the carotenoids market

Carotenoids are extensively used in animal nutrition products due to their coloring properties and are incorporated in feed to pigment the egg yolks, broiler skin, fishes, and crustaceans. These also help in increasing the immunity and improving the health of livestock by enhancing the quality of nutrition. The fertility of cattle, swine, and horses can be improved by feeding beta-carotene, whereas astaxanthin and canthaxanthin help in improving the growth of salmons and larval fishes.

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The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific region is projected to grow at the highest CAGR in the carotenoids market during the forecast period. This is due to the growing application of carotenoids in the health supplements, as they are rich in protein, vitamin, iron, manganese, and antioxidants, which help in preventing cardiovascular diseases and maintaining weight. Asia Pacific offers profitable growth opportunities to manufacturers and suppliers of carotenoids as the processing of carotenoids is cheaper in this region and witnesses a high demand in this region.

The prominent vendors in the carotenoids market include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), Excelvite Sdn. Bhd. (Malaysia), AlgaTechnologies Ltd. (Israel), Zhejiang NHU Co. Ltd (China), Dynadis SARL (France), Deinove SAS (France), Vidya Europe SAS (France), and Divi’s Laboratories (India).

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.

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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.

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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.

On the basis of type, the emulsifiers segment is projected to witness the fastest growth during the forecast period.

Emulsifiers help in stabilizing the mixture of two liquids and avoid the formation of immiscible liquid phases. Major emulsifiers that are used as inert ingredients are polymers, nonylphenol and alcohol ethoxylates, and alcohol alkoxylates. The demand for emulsifier-based products remains high in the North American region due to the increasing industrialization and decreasing land area for agriculture, which in turn, creates demand for the use of pesticides for ensuring food security and production.


With the increasing demand for organic fruits and vegetables, the bio-based segment is projected to witness the fastest growth, on the basis of source.

It has been witnessed that some of the inert ingredients used in pesticide formulation are more toxic than the active ingredients. Increasing health hazards associated with the usage of synthetic-based inert ingredients in pesticides creates an opportunity for the market players to develop bio-based inert ingredients from sources such as microbes for the formulation of bio-based pesticides. Governmental bodies and regulatory authorities have introduced regulations for the use of toxic pesticides, which affects the growth of bio-based inert ingredients in the market.

The Asia Pacific is projected to witness the fastest growth in the inert ingredients market through 2023.

Agriculture is one of the largest industries in the Asia Pacific region, with a large share of farmland and good soil fertility. Moreover, the region is rich in plant diversity due to the wide variations in climate across countries. Even though there is a variation in the agriculture system from basic systems in India to the technically advanced ones in Japan, the agenda of food security is supported by local governments in the Asian countries. The Asia Pacific region is one of the leading consumers of pesticides across the globe, although the region mainly depends on imports of pesticide supply.Since inert ingredients are majorly consumed by pesticide manufacturers at the production facility during the formulation stage, and since countries such as India, Thailand, and Vietnam depend on imports for formulations, the market for inert ingredients is projected to be smaller compared to the Americas and Europe. However, with the increasing establishment of production plants in the Asian countries, the use of inert ingredients along with pesticide application is projected to increase in the future.

This report includes a study of development strategies for leading companies. The scope of this report includes a detailed study of major companies such as BASF (Germany), Clariant (Switzerland), DowDuPont (US), Stepan Company (US), and Croda International Plc. (UK). Other players in the market include Eastman Chemicals (US), Solvay SA (Belgium), Evonik (Germany), Huntsman Corporation (US), AkzoNobel (The Netherlands), Royal Dutch Shell (The Netherlands), and LyondellBasell Industries (Netherlands). 


Key questions addressed by the report:

  • 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.

On the basis of application, the cereals & grains segment is projected to witness the fastest growth during the forecast period.

Corn, wheat, and rice are the major cereals bred with advanced technologies such as molecular breeding and genetic techniques. The availability of germplasm for these crops encourages the adoption of advanced techniques for crop breeding. The economic importance of corn due to its application in various sectors and increasing demand for high-quality wheat and rice in the food industry are other reasons for the adoption of hybrid breeding technologies among seed producers.

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On the basis of type, the biotechnological method is projected to witness the fastest growth in the plant breeding and CRISPR plants market during the forecast period

The increasing adoption of hybrid and molecular breeding techniques in developing countries and the growing cultivation of GM crops in the Americas are factors contributing to its high growth. The growing market for crop genetics in various countries of the Americas and the declining cost of genetic procedures in the past decade are factors driving the demand for genetic engineering and genome editing in the region. Unlike genetic techniques, no regulations are implied by the government for molecular breeding across the globe, which is projected to drive the growth of the biotechnological method at a higher rate during the forecast period. Advances in the field of CRISPR gene editing technology have brought about the third revolution in crop improvement and these tools can be used along with existing technologies. Growing innovation would facilitate the growth of CRISPR technology in agriculture, especially in countries such as the US, China, Japan, Brazil, and South Africa.

On the basis of trait, the herbicide tolerance segment is projected to witness the fastest growth in the plant breeding and CRISPR plants market

Increasing regulations on the use of chemical pesticides and rising instances of pest attacks during the early germination phase have increased the need for pesticide-tolerant seeds. Herbicide tolerance has been one of the major traits targeted by plant genetic companies for transgenic and non-transgenic crops. Non-transgenic Clearfield herbicide tolerance technology, developed by BASF and Syngenta, is recognized as one of the groundbreaking innovations in hybrid breeding technology, and more companies have exhibited their interest to enter this industry, which is projected to contribute to the growth in the next five years.

North America is estimated to dominate the market in 2018, while the Asia Pacific is projected to witness the fastest growth through 2023.

The increasing industrial value for corn and soybean in the US has been encouraging breeders to adopt advanced technologies for better yield, owing to which the adoption rate for crop genetics in this country has been high. Also, the limited regulatory control and high promotional support for intellectual property affairs in genetic technology have been extremely favorable toward the adoption of plant biotechnological tools in agriculture. Hence, North America dominated the global plant breeding market in 2017. On the other hand, there has been an ever-increasing demand for commercial seeds in the Asian market, in line with the improving economic conditions. Also, seed manufacturers such as Bayer, Monsanto, and Syngenta have been showing increasing interest in tapping this potential market, wherein the companies have been expanding their R&D centers across the Asia Pacific.

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This report includes a study of development strategies of leading companies. The scope of this report includes a detailed study of major seed manufacturers that have in-house plant breeding facilities; these companies include players such as Bayer (Germany), Syngenta (Switzerland), DowDuPont (US), KWS SAAT (Germany), Limagrain (France), and DLF Trifolium (Denmark), and also major service providers, such as Eurofins (Luxembourg), SGS SA (Switzerland), Pacific Biosciences (US), Benson Hill Systems (US), Hudson River Biotechnology (US), Evogene (Israel), Bioconsortia (US), and Equinom (Israel).

Key questions addressed by the report:

  • 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.

By crop, the biofortified sweet potato is projected to dominate the biofortification market during the forecast period.

The sweet potato segment is estimated to hold the largest share of the biofortified crop market in 2018. The demand for biofortified crops such as sweet potato and cassava has increased with the rising technological advancements to increase the nutrient content, particularly in orange-fleshed sweet potato (OFSP). Sweet potato has been an important source of energy in the human diet for centuries owing to its high carbohydrate content. However, its vitamin A content from carotene only became recognized over the past century. Using biofortification, sweet potato breeding in Africa is focused on higher yields, sweeter taste, and higher dry matter, which increase its carotene concentration.


By target nutrient, the vitamins segment is projected to be the fastest-growing segment in the biofortification market during the forecast period.

On the basis of target nutrient, the biofortification market is segmented into iron, zinc, vitamins, and others. The vitamins segment is the fastest-growing target nutrient in the biofortification market from 2018 to 2023. The demand for biofortified crops is increasing due to the increasing demand for high nutrient content in food. The rising demand for vitamins as feed additives or in premixes from the animal nutrition industry and the increasing demand for high-quality meat products have also been essential factors responsible for the increase in the demand for vitamins across the world.

Asia Pacific to be the dominant region in the biofortification market in 2018

The Asia Pacific is the dominant region in the biofortification market. Biofortification of crops has strong growth potential in agriculture, and it also improves the nutrition content in food. The biofortification market has grown considerably over the last five years, and this trend is expected to continue in the near future. The growing consumer demand for high nutritional content in food is projected to fuel the demand for biofortified crops, globally. Since the last decade, many countries in the Asia Pacific region have banned the usage of GM technology, and the researchers are opting to adopt biofortified crops as a key to unlock the region’s food production.

This report includes a study of marketing and development strategies along with the product portfolios of the leading companies in the biofortification market. It also includes the profiles of leading companies such as Bayer (Germany), Syngenta (Switzerland), Monsanto (US), and DowDuPont (US).

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.

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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.

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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.


The taste enhancers segment is estimated to account for the largest share, by function, in 2017.

Based on function, the integrated food ingredients market has been segmented into taste enhancers, form, texture, preservation, and coloring. The taste enhancers segment is estimated to account for the largest share by function of the integrated food ingredients market. Taste enhancers are used in various applications such as dairy products, beverages, savories, and meat products to enhance the taste of food products. In order to serve keyboards food to the consumers, various manufacturers in the food & beverage industry are using taste enhancers thereby fueling the market for flavors. Various taste enhancers such as monosodium glutamate, monopotassium glutamate, and calcium di-glutamate are used to enhance the flavor of food products.

The beverages segment, by integrated solutions, is estimated to account for the largest share of the integrated food ingredients market in 2017.

Based on integrated solutions, the integrated food ingredients market has been segmented into beverages, bakery & confectionery, snacks, meat products, and dairy. The beverages segment is estimated to account for the largest share of the global integrated food ingredients market in 2018. Consumer demand for functional and health beverages has been on the rise for the past few years. For instance, consumer demand for beverages made of fruits & vegetables that have a high content of minerals and vitamins is one of the fast-growing trends in the beverage industry. These factors influence the integrated food ingredients market. The increasing consumption of fruit juices, vegetable juices, and energy drinks also spurs the growth of natural integrated food ingredients.


North America is projected to dominate the integrated food ingredients market in terms of value in 2017.

North America is projected to lead the global market for integrated food ingredients in terms of growth rate. The major factors driving the growth of this market are matured economy and growing urbanization. The North American region is mainly driven by the rising demand for functional and convenience foods. This leads to an increase in the demand for health and wellness food ingredients, which, in turn, drives the growth of the integrated food ingredients market. The demand for integrated food ingredients in the brewing industry and the high complexity of procedures drive the demand for enzymes. However, stringent regulations by food administration departments and governments restrain its market growth.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as CARGILL (US), ADM (US), DUPONT (US), ABF (UK), BASF (Germany), Kerry (Ireland), DSM (Netherland), Tate & Lyle (UK) , Symrise (Germany), IFF (US), Dohler (Germany), Northwest Naturals (US), GAT Foods (Israel), and FIRMENICH (Switzerland).

Targeted Audience:
  • Integrated food ingredients manufacturers
  • Regulatory bodies
  • Intermediary suppliers
  • End Users