Growth Opportunities in the Pest Control Market

The overall pest control market is projected to grow from USD 22.7 billion in 2021 to USD 29.1 billion by 2026, at a CAGR of 5.1%. The rise in the popularity of pest control solutions can be attributed to the increasing scope of urbanization in developing markets and the emergence of megacities, which host over 15-20 million residents. Markets such as China and India are among the key markets targeted by pest control service providers and pesticide suppliers due to their high population density and a large middle-class population that is adopting pest control services in the region.

Drivers: Rising adoption of digital applications and technology

One of the most important aspects of food safety in the global food supply chains is pest control. The changes in the way food are produced, sourced, and distributed, along with climate changes, have led to an increase in risks of food safety from pests. In addition, more stringent regulations for food safety and changes in consumer demands are the key factors that are projected to encourage food producers/manufacturers to find more efficient and sustainable ways to ensure food quality and safety. Changes in consumer habits, such as online shopping, have led to an increase in the use of automation in the supply chain, which allows pests to thrive where there are few or no humans around to notice pest infestations or deter pests, such as rats and mice. Thus, pest control manufacturers are adopting greener and smarter pest control solutions.

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Opportunities: Adoption of Artificial Intelligence (AI) in pest control

The adoption of various trending technologies, such as AI, has been on the rise due to the low service cost and its operation in remote and difficult-to-access locations continuously without interrupting the operation of the facility. Hence, the demand for digital pest control solutions is projected to grow considerably in the coming years. Pest control service companies, such as Rentokil, are using AI-based image-recognition technology to identify and treat various types of bugs and vermin. Some of the company's pest control technicians are using an Android mobile app developed by Accenture to identify bugs. When its technician witnesses an increase in a type of bug or rodent, he/she can take a picture of the pest and use the app, PestID. The picture is then sent to Google’s image classification and machine learning software to run through several pest images and identify the intruder. When a positive identification is made, the app immediately provides remediation solutions to help the technicians decide the treatment plans, including proper chemicals and recommendations for homeowners. Since AI has helped in reducing the frequency of technician visits, thus resulting in low service cost and ultimately higher adoption in the future.

By control method, software & services segment is the fastest growing segment in the market during the forecast period

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. One of the key software & service providers is Rentokil, which offers PestConnect that includes a range of IoT-enabled pest-control devices that allows the monitoring of food processing facilities with maximum efficiency and minimum effort. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.

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North America is projected to account for the largest market size during the forecast period

The North American pest control market is projected to be the largest between 2021 and 2026, while the Asia Pacific market is projected to grow at the highest CAGR. North America was the largest consumer of pest control in 2020. It is still the largest market for pest control, with 50.6% of the market share. There are over 20,000 pest control companies in North America, with an average of six technicians in each company. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties.

Key Market Players:

The key service providers in this market include Terminix (US), Ecolab (US), Anticimex (Sweden), Rollins Inc. (US), Rentokil Initial Plc (UK), and RATSENSE (Singapore). The pesticide suppliers in the pest control market include Bayer CropScience (Germany), BASF (Germany), Syngenta AG (Switzerland), Sumitomo Chemicals Co. Ltd. (Japan), Adama (Israel), FMC Corporation (US), Corteva Agriscience (US), PelGar International (UK), and Bell Laboratories (US). These players are undertaking strategies such as new product developments and launches and divestments to improve their market positions and extend their competitive advantage.

Sustainable Growth Opportunities in the Starter Feed Market

 The report “Starter Feed Market by Type (Medicated and Non-medicated), Ingredient (Wheat, Corn, Soybean, Oats, and Barley), Livestock (Ruminants, Swine, Poultry, Aquatic, and Equine), Form (Pellets and Crumbles), and Region – Global Forecast Up to 2022″, The global market for starter feed was valued at USD 21.45 Billion in 2015; this is projected to grow at a CAGR of 4.57% from 2016, to reach USD 29.15 Billion by 2022. The market is driven by factors such as the need to increase livestock production to cater to the growing demand for animal sourced products, and adoption of precision nutrition techniques.

Based on type, the global market is segmented into medicated and non-medicated. The medicated was the larger segment in 2015. The medicated starter feed segment is also projected to grow at a comparatively higher CAGR during the forecast period.

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The inclusion of oats in starter feed, based on ingredients, is projected to grow at a significant rate during the forecast period. Oats are easier to feed to animals than other cereals; they are mainly used in poultry feed of their high fiber and beta-glucan content. This is to drive the oats segment during the forecast period.

Based on livestock, the poultry segment was the largest in 2015; this is also to grow at the highest CAGR from 2016 to 2022. The poultry starter feed is a balanced nutritional formulation and helps poultry to establish a healthy appetite at the initial stage of growth. It also contains coccidiostat, which helps in the treatment of coccidiosis in young chicks. These factors drive the poultry starter feed market.

Based on form, the pellet segment was the largest in 2015; this is also projected to grow at the highest CAGR from 2016 to 2022. It is easy to feed to the animals, easy to store, and is the most common preference by the chicken farmers and triggers early feed intake.

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The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. The region is heterogeneous, with diversity in income levels, technology, and demand for better quality feed to livestock, leading to enhanced scope for future growth.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies such as Cargill, Incorporated (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Evonik Industries AG (Germany), and Koninklijke DSM NV (Netherlands).

Upcoming Growth Trends in the Food grade Alcohol Market

The report "Food-grade Alcohol Market by Type (Ethanol, Polyols), Application (Food, Beverages, Healthcare & Pharmaceuticals), Source (Sugarcane & Molasses, Grains, Fruits), Functionality, and Region - Global Forecast to 2022", The food-grade alcohol market is projected to reach USD 12.86 Billion by 2022, at a CAGR of 3.9% from 2017 to 2022. The market is driven increasing global beer production and popularity of craft beer. Also, the increasing consumption of alcoholic beverages in the developing regions supported with the expansion of potential export markets due to demographic and economic reasons, have developed a growing platform for increased alcohol trade which is in turn driving the food-grade alcohol market.

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Based on type, the market has been segmented into Polyols and Ethanol. Ethanol accounted for the largest share in Europe’s food grade alcohol market in 2015. While proven health benefits of polyols have resulted in an increase in their use as an ingredient in the health care industry, the increase in production of beer and growth in alcohol trade has resulted in the increased use of ethanol as a major food grade alcohol in the beverage industry. There has also been a surge in the use of ethanol as a preservative in the food industry for increasing the shelf-life of the end products.

Based on application, food grade alcohol is used as a coloring and flavoring agent in the food and pharmaceutical industries. The proven benefits of polyols have resulted in the increase in the usage of food grade alcohol as an ingredient in the healthcare and pharmaceutical industries. As an excellent solvent, ethanol finds its usage in the manufacturing of antibiotics, tablets, pills, vitamins, and in a variety of medicines.

Based on source, sugarcane accounted for the largest market share in 2015. Sugarcane contains high levels of sucrose; and hence, it is fermented to make alcohol. Low product price associated with raw sugar in the global market has led to the increased use of sugarcane in the production of ethanol.

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Food-grade alcohol is used not only for manufacturing alcoholic beverages but also for food and healthcare & pharmaceutical products. Hence, as the demand for these consumables increases from end users, manufacturers use food-grade alcohol for making innovative food products. Europe has adopted the usage of food-grade alcohol in food, beverages, and pharma applications. The Asia-Pacific region is estimated to drive the market with the increase in demand for food-grade alcohol. The increase in consumption of alcoholic beverages and convenience food products are significantly impacting the growth of the market in this region, with the growing food-processing industry.

This report includes a study of marketing and development strategies, along with the product portfolio of key players. It includes the profiles of leading companies such as Archer Daniels Midland Company (U.S.), Cargill Inc. (U.S.), MGP Ingredients (U.S.) Sigma-Aldrich (U.S.), and Roquette Freres S.A. (France).

Sustainable Growth Opportunities in the Plasma Feed Market

The report “Plasma Feed Market by Source (Porcine, Bovine, and Others), Application (Swine Feed, Pet Food, Aquafeed, and Others (Includes Ruminant and Poultry Feed)), Region (North America, Europe, Asia Pacific, and Rest of the World) – Global Forecast to 2025″, The plasma feed market is projected to reach USD 2.9 billion by 2025, from USD 2.1 billion in 2019, at a CAGR of 5.7% during the forecast period. The use of animal-derived plasma proteins as the replacement for antibiotics in feed drives the market for plasma feed.

Based on the source, the porcine segment is projected to be the larger contributor to the plasma feed market during the forecast period

The plasma feed market has been segmented, based on source, into porcine, bovine, and others, which includes sheep, goat, and poultry. The market for porcine plasma feed is projected to record a higher market share between 2019 and 2025. Porcine blood meal offers various health benefits to animals and is used significantly in poultry and porcine feed. For instance, as per the National Center for Biotechnology Information (NCBI), “pigs fed diets containing porcine plasma had greater average daily feed intake (ADFI) and average daily growth (ADG).”

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Plasma feed is projected to be used majorly in pet food during the forecast period

The major factor for the higher adoption of plasma feed in pet food is anticipated because the tendency of people to humanize pets and treat them like their family members has resulted in the high demand for better quality pet food. The trend for the use of natural and bioactive products is very prevalent in the pet food industry. This is attributed to factors such as the expansion of the pet population, customer attitudes toward their pets as companions or family. As per Darling Ingredients, one of the major brand engaged in the production of plasma feed products quoted that plasma protein is a natural and sustainable source for pet food. It has several advantages such as water binding capacity, emulsifying properties, and palatability, which in turn drives the market for plasma feed among pet food manufacturers.

The Asia Pacific is projected to dominate the plasma feed market by 2025.

The Asia Pacific accounted for the largest share in the global plasma feed market for in 2018, and the market is projected to grow at the highest CAGR during the forecast period. China is the major reason for the dominance of Asia Pacific in the global plasma feed market, wherein China is one of the largest consumer and producer of overall meat products. China accounted for the highest share in the number of pigs slaughtered in 2017, which makes it the dominant market for porcine-based plasma feed. The Asia Pacific region is projected to be the fastest-growing market for the period considered for this study. The region’s growing concentration of animal slaughtering and increased demand for animal-based food products poses a strong potential for plasma feed manufacturers.

This report includes a study of the development strategies, along with the product portfolios of leading companies such as Darling Ingredients Inc. (US), The Lauridsen Group Inc. (US), SARIA Group (Germany), Sera Scandia (Denmark), Lican Food (Chile), Puretein Agri LLC. (US), Veos Group (Belgium), Kraeber & Co Gmbh (Germany), Rocky Mountain Biologicals (US), Lihme Protein Solutions (Denmark), EcooFeed LLC (US), and FeedWorks (Australia).

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Critical questions the report answers:

• Where will all these developments take the industry in the mid-to-long term?
• What are the upcoming commercial prospects for the plasma feed market?
• What is the impact of high capital investment on the plasma feed market?
• What are the new technologies introduced in the plasma feed market?
• What are the latest trends in the plasma feed market?

Latest Regulatory Trends Impacting the Industrial Oils Market

The report "Industrial Oils Market by Source (Soybean, Rapeseed, Sunflower, Cottonseed, Corn, Palm), Type (Grade I, Grade II, Grade III), End Use (Biofuel, Paints and Coatings, Cosmetics and Personal Care Products, Pharmaceuticals), Region - Global Forecast to 2025", The industrial oils market is evaluated at USD 60.2 billion in 2019 and is projected to grow at a CAGR of 5.0% from 2019 to 2025, to reach USD 80.7 billion by 2025. The biodiesel industry is projected to be a major revenue generator for industrial oils manufacturers in the coming years due to its reduced environmental impact. In addition, the industrial sector in the emerging countries in the Asia Pacific region is growing in countries such as China and India, which is a hub of industrial oils, due to the expanding chemical, biodiesel, and cosmetics industries. These factors are projected to create new opportunities for the growth of the global industrial oils market in the coming years.

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The palm segment is projected to dominate the industrial oils market during the forecast period.

The industrial oil market, on the basis of source, is segmented into soybean, corn, sunflower, cottonseed, rapeseed, palm, and others (olive, safflower, copra, groundnut, linseed/flaxseed, and grape seed). The palm segment is estimated to account for the largest share in the global market in 2019. The market in the Asia Pacific region witnesses high growth in Indonesia and Malaysia, which supply over 85% of the global palm oil. This offers growth opportunities to palm oil manufacturers in these countries as they can export as well as utilize for domestic usage in industries such as biofuels.

The grade I (light) segment is projected to dominate the industrial oils market during the forecast period.

The grade I (light) segment is estimated to account for the largest share in the industrial oils market in 2019. The cosmetics & personal care and pharmaceutical industries utilize grade I (light) industrial oil. The cosmetics & personal care industry is witnessing significant growth in countries such as Brazil and China. This is projected to create lucrative opportunities for industrial oil manufacturers in the coming years. In Europe, the cosmetics industry include leading players such as Louis Dreyfus Company (Netherlands), A&A Fratelli Parodi Spa (Italy), Soya Mills SA (Greece), and Henry Lamotte Oils GmbH (Germany), offering industrial oils that find applications in the cosmetics & personal care industry. These include cosmetics & personal care products include shampoos, soaps, and sunscreens. The region is also projected to be a major revenue generator for industrial oil manufacturers in the coming years.

The Asia Pacific region is projected to account for the largest market size during the forecast period.

The Asia Pacific industrial oils market is projected to account for the largest share by 2025. These factors are projected to drive the industrial oils market in the region. The market in the region witnesses significant growth due to the expansion of the industrial sector. The paints & coatings industry is projected to create lucrative opportunities for industrial oils manufactures in the coming years, particularly in China. The region has witnessed a growth in the cosmetics & personal care industry with products such as shampoos, lotions, and other grooming products gaining popularity. The biofuels industry is also projected to provide high growth prospects for industrial oils manufacturers in the region. Industrial oils manufacturers are projected to use sources such as soybean, palm, and corn-based oils across various verticals including pharma, cosmetics & personal care, biofuels, and paints & coatings in the region. Wilmar International (Singapore) is one of the leading players in the region, which offers industrial oils. In addition, international players such as Louis Dreyfus Company (Netherlands) has its presence in the Chinese market through its processing plant in the country.

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This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the industrial oils market. It includes profiles of leading companies such as Cargill (US), Bunge Limited (Netherlands), Wilmar International (Singapore), Louis Dreyfus Company B.V. (Netherlands), Archer Daniels Midland (ADM) (US), Buhler Group (Switzerland), CHS Inc. (US), Ag Processing Inc (US), A&A Fratelli Parodi Spa (Italy), Gemtek Products (US), AAK Kamani (India), and Soya Mills SA (Greece).

Key questions addressed by the report:

• What are the new product areas for industrial oils that the companies are exploring?
• Which are the key players in the industrial oils market and how intense is the competition?
• What kind of competitors and stakeholders would industrial oils companies be interested in? What will be their go-to-market strategy for this market, and which emerging market will be of significant interest? 
• How are the current R&D activities and M&A’s in the industrial oils market projected to create a disrupting environment in the coming years?
• What will be the level of impact on the revenues of stakeholders due to the benefits of industrial oils compared to different stakeholders, in terms of, rising revenue, environmental regulatory compliance, and sustainable profits for the suppliers?

Nematicides Market to Witness Unprecedented Growth in Coming Years

 The report "Nematicides Market by Type (Fumigants, Carbamates, Organophosphates, Bionematicides), Mode of Application (Fumigation, Drenching, Soil Dressing, Seed Treatment), Nematode Type (Root Knot, Cyst), Crop Type, Form, and Region - Global Forecast to 2025 ", The global nematicides market size is estimated to be valued at USD 1.3 billion in 2019 and is expected to reach a value of USD 1.6 billion by 2025, growing at a CAGR of 3.4% during the forecast period. Factors such as the growing demand for biological products and increasing number of product launches catering to the requirement of crop-specific nematodes drive the growth of the market. 

Nematicides infestation is difficult to detect, is often attributed to other causes and its damage is often underestimated. Massive phase-out of active ingredients used to control nematodes such as methyl bromide and aldicarb would also drive for the adoption of new innovative control measures. Growing environmental concerns associated with the use of chemicals to control nematodes have paved way for the adoption of biological control. New farming practices such as no-tillage, and reduced tillage farming, along with increased soil degradation leading to decreased efficacy have resulted in an increase in the infesatation of nematodes. These trends are expected to increase the demand for nematicides, globally.

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By type, bionematicides are projected to be the fastest-growing segment in the nematicides market during the forecast period

With the increasing awareness among consumers about the importance of organic foods, the adoption of sustainable agriculture and integrated pest management solutions has increased. This has led to the demand for biocontrol products such as pheromones, biofungicides, biopesticides, and bionematicides. A number of major players in the market such as Marrone Bio Innovations (US) and Valent BioSciences (US) are introducing bionematicide solutions for seed treatment. These factors have paved the way for the high growth rate in the bionematicides market.

By crop type, vegetables are projected to dominate the nematicides market.

The vegetables segment is projected to hold the largest market share owing to the increasing cases of infestation on vegetables such as potatoes, tomatoes, peas, cauliflower, and carrots, by nematode species such as root-knot, lesion, and cyst nematodes. The increasing acreage being brought under vegetable cultivation and the growing demand for organic vegetables drive the growth of this segment.

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

The market for nematicides is projected to grow at the highest CAGR in the Asia Pacific region owing to the growing nematode infestation in vegetables such as tomatoes, potatoes, carrots, peas, and cauliflower in the major vegetable-growing countries such as China and India. The regulatory scenario in the Asia Pacific region is comparatively more favorable for the launch of nematicides as compared to that of Europe and North America. There is also growing awareness among farmers about the use of bionematicides since the market for organic farming, and sustainable agriculture is growing with more consumers demanding organic fruits & vegetables.

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 nematicides market. It consists of the profiles of leading companies such as Bayer AG (Germany), Syngenta Crop Protection AG (Switzerland), Corteva Agriscience (US), BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), FMC Corporation (US), Nufarm (Australia), UPL Limited (India), Isagro Group (Italy), Valent USA (US), Chr. Hansen (Denmark), Certis USA LLC (US), Marrone Bio Innovations (US), American Vanguard Corporation (US) , Crop IQ Technology (UK), Real IPM Kenya (Kenya), Horizon Group (India), Agri Life (India), and T. Stanes & Company Limited (India).

Feed Premix Market Growth by Emerging Trends, Analysis, & Forecast to 2026

The global Feed Premix Market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to the increasing demand for meat and meat products across the globe.

COVID-19 Impact on the Feed premix:

COVID-19 impact on the feed premix is low to moderately affected. However, the rising health concerns and fears associated with the consumption of animal meat due to the COVID-19 outbreak are projected to increase market prospects. The feed premixes aid in boosting the immunity of animals; hence, the addition of such nutritional additives in the feed will lead to an increase in demand for feed premixes. Countries across regions are coping with the impacts of COVID-19, which thus causes the feed premixes market to be projected to grow at a much lower rate in the coming years.

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Restraint: Ban on antibiotics in different countries

Antibiotics have been used in feed for decades; however, in 2006, the European Union (EU) banned the use of antibiotics in feed as growth promoters, as microbes developed resistance to antibiotics, which are used to treat human and animal infections. Following the ban by the EU, the use of antibiotics declined in many countries around the globe, especially in countries such as China, India, and the US, due to their overexploitation or misuse.

Restriction on the use of antibiotics, as a growth promoter in feed, in many countries, forced companies to stop using antibiotics in feed premixes. This acts as a major restraint for manufacturers that offer antibiotic-based feed premixes.

Opportunity: Developing countries emerge as strong consumers of feed premix.

The demand from emerging markets such as Asia Pacific and Latin America accounted for a combined global share of ~47% in 2017. The population of developing countries in the Asia Pacific region—such as India, China, Indonesia, Vietnam, and Thailand—are expected to consume meat at an annual rate of 2.4% till 2030, according to the FAO report on “World Agriculture: Towards 2015/2030.” This has increased the demand for high-quality feed concentrates and premixes to enhance the meat weight and quality of the animals. Key players in the premix market have sensed this opportunity to start premix production plants in these regions, to meet the growing demand for feed premixes. Similarly, in South America, Brazil housed the largest cattle population in 2017, with a headcount of 330 million, and is projected to grow at a rate well above the regional average, according to the FAO. It is expected that the rising consumer awareness for nutritious products and requirement for export quality meat products can establish a strong demand for feed premixes.

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Asia Pacific is the fastest-growing market during the forecast period in the global feed premix

The key markets in the Asia Pacific region include China, India, Japan, Australia & New Zealand, Thailand, Vietnam, others, and the Rest of Asia Pacific.

The Asia Pacific region accounted for the largest share of 35.6% of the global feed premix market in 2020, in terms of value. The market in the region is driven by the presence of a large livestock population

(FAO 2016) and their growth rate. Furthermore, the region has witnessed an increase in the number of feed mills and feed production, particularly in India and Japan. This increase in the number of feed mills in the region reflects the growth in feed production. According to the Alltech Feed Survey of 2018, the region experienced a 7% increase in its feed production, from 356.5 million tons in 2012 to 381.1 million tons in 2017. The largest feed producer, China, contributes significantly to the region’s leading position, with Thailand and Indonesia being the emerging feed-producing countries, while India and Japan are demonstrating constant growth in feed production. According to the same source, among the top 20 feed companies in the world, 16 of them are based in the Asia Pacific region, which makes this a highly competitive market.

Recent Developments:

• In October 2020, DSM completed the acquisition of Erber Group (Austria) for an enterprise value of EUR 980 million (USD 1.16 Billion). The transaction excludes two smaller units in Erber Group. DSM acquired Erber Group’s Biomin and Romer Labs. Erber Group’s specialty animal nutrition and health business Biomin specializes primarily in mycotoxin risk management and gut health performance management, whereas the Romer Labs business focuses on food and feed safety diagnostic solutions. Thus, this would enhance DSM’s animal health & nutrition business in the global market.
• In May 2019, Bayer Animal Health GmbH (Germany) and Nutreco formed an agreement to collaborate for the development of animal health and animal nutrition industries.