Fats & Oils Market Growth by Emerging Trends, Analysis, & Forecast to 2026

According to MarketsandMarkets the global fats and oils market is estimated at USD 236.7 billion in 2021; it is projected to grow at a CAGR of 3.8% to reach USD 285.2 billion by 2026. The market has a promising growth potential due to a plethora of factors, including the rising awareness to use healthier alternatives such vegetable-derived oils among the consumers, increasing health concerns about traditional fats, and increased consumption of processed and baked food items.

Apart from food industry, vegetable fats and oils are also increasingly used for industrial applications, such as soaps, detergents, paints, oleochemicals, the major one of them being biodiesel.

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COVID-19 Impact on the Fats & Oils Market

The supply and demand for fats & oils in the global market has shifted due to the coronavirus crisis, with an increasing uncertainty related to prices. Palm oil, which is the largest type of oil produced globally, faced the impact as demand dropped across the world, trade was disrupted, and production got hampered in Indonesia and Malaysia, according to the top vegetable oils producers, such as Wilmar International and Mehwah Group, which operate in the region. Efforts were being made in many countries to maintain stability in the market. According to the Indonesian Palm Oil Producers Association (GAPKI), exports to China plunged by 57% in January 2019-2020. Governments from countries such as India, China, and the US made exemptions for the sector to continue their businesses with minimal capacity amid the lockdowns. As the production continued, these companies could mitigate the considerable impact by the continuity of operations.

Opportunity: Emerging application of fats and oils as substitutes of trans-fats

Trans-fats are unsaturated fatty acids formed during the hydrogenation of vegetable oils or are found in animal products naturally produced in the gut of grazing animals. Consumption of trans-fat raises the level of low-density lipoprotein cholesterol in the blood. An elevated LDL blood cholesterol level can increase the risk of developing cardiovascular. Trans-fats are found in many food products, such as vegetable shortenings, stick margarine, refrigerated dough products (such as biscuits and cinnamon rolls), snack foods, coffee creamers, cookies, cakes, frozen pies, frozen pizza, and fast food.

Owing to the increased health consciousness among consumers, trans-fats are gradually replaced by a much healthier substitute, namely unsaturated liquid vegetable oils, such as olive, canola, corn, or soy oils.

On the basis of source, vegetable segment is expected to retain its dominance in the foreseeable period

Vegetable oils from sunflower, rapeseed, soybean, palm, cottonseed, and coconut are highly used in food applications which has driven the market for vegetable-sourced oils. The qualities associated with vegetable oils such as low-fat, low-cholesterol, and low-calories content are registering growth in the segment. Also, the variety of use of vegetable oils in food as well as other industries such as pleo-chemical industries, animal feed, and energy & biomass industry has also driven the market for vegetable oils.

On the basis of form, liquid oils are projected to witness the highest growth in the market

The liquid form of fats & oils is forecasted to dominate the market. However, the physical characteristics of fats and oils depends upon a lot of factors such as degree of unsaturation, the length of the parent carbon chain, the isomeric forms of the fatty acids, molecular configuration, and processing variables, but it is believed that the liquid oils are more unsaturated and are hence more preferred by the consumers.

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Asia Pacific is projected to be the fastest-growing region in the fats & oils market.

The Asia Pacific region is projected to be the fastest-growing market for fats & oils. The region is home to two important palm and palm kernel oil-producing countries namely Malaysia, and Indonesia: and two major fats & oils consuming countries namely China, and India. This is one of the significant factor which ensures that Asia pacific region is the largest as well as the fastest-growing market in fats & oils.

Key Market Players:

Key global market players offer wide range of fats & oils products in the retail chain. While prominent palm oil producing companies are present in Asia pacific region. The soybean oil producing companies capture the North American market. The key companies in the fats and oils market are Associated British Foods PLC (UK), Archer Daniels Midland Company (US), Bunge Limited (US), Wilmar International Limited (Singapore). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the fats & oils market.

Brewing Ingredients Market Projected to Garner Significant Revenues by 2026

The report "Brewing Ingredients Market by Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, and Beer Additives), Brewery Size (Macro Brewery and Craft Brewery), Form (Dry and Liquid), and Region - Global Forecast to 2026" The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to grow at a CAGR of 6.8%, to reach USD 47.9 billion by 2026. The rise in global population and increasing disposable income in developing economies are creating new avenues for alcoholic beverages.

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The brewing ingredients market includes five major sources: malt extract, adjuncts/grains, hops, beer yeast, and beer additives. Malt extract is further bifurcated into standard malt and specialty malt. Specialty malt is sub-segmented into crystal, roasted, dark, and others. Different types of beers are obtained by using different sources of brewing ingredients. For instance, roasted malt is used for producing the porter type of beer. The malt extract segment dominated the global market for brewing ingredients and accounted for a larger share in 2020. Beer additives accounted for the second-largest market share in terms of revenue in 2020.

By source, the malt extract is expected to hold the largest share in the market, during the forecast period

Types of malt extracts differ depending on the grains that are used when making them. The production of malt extracts begins by grinding malt, followed by mashing under controlled conditions to produce various degrees of starch breakdown and resultant fermentability. This involves carefully controlling the pH and using multiple temperature steps during mashing. In the next step, the wort is separated from the spent grains in lauter tuns or mash filters. Both these methods produce high-quality worts and can be set up for high throughput, with as many as 10–14 brews per day. The further steps include boiling, trub removal, vacuum evaporation, and spray drying.

The macro brewery as a brewery size is expected to hold one of the largest shares in the brewing ingredients market, in terms of value, in 2021

On the basis of brewery size, the market is classified into macro brewery and craft brewery. Macro or large breweries are defined as breweries with annual beer production of ≥ 6 million barrels. The most popular macro breweries include Anheuser-Busch InBev (Belgium), Heineken N.V. (Netherlands), China Resources Snow Breweries Limited (China), and Carlsberg Group (Denmark). These breweries generally operate on a global scale, shipping their products to customers across the world. Anheuser-Busch owns the biggest brewery in the world. Large breweries usually have a large staff as well. These breweries employ staff to handle the brewing process, administrative staff, logistics of distribution, teams for marketing and finance, and every role imaginable required for a business to operate. Craft beers are perceived as healthier beers as they may offer help in lowering the rate of cardiovascular disease, improved bone density due to the presence of bone-developing elements such as silicon, lower the risk of joint issues such as arthritis, and increased high-density lipoprotein (HDL) levels which help lower cholesterol, and lower the instances of diabetes.

By form, the dry form will drive the demand for brewing ingredients, in terms of value, in 2021

Based on form, the market is categorized as dry and liquid. Dry brewing ingredients such as dry malt extract (DME) are produced the same way as liquid malt extract, except it goes through an additional dehydration step, which reduces the water content down to about 2%. Because of the lower water content, DME tends to have a better shelf life without the darkening issues of light malt extract. It offers more fermentable extract by weight. Thus, less of it is required to achieve the target gravity. Moreover, as a powder, DME is easier to measure in precise increments. With a digital scale, it can be measured out in fractions of an ounce. This makes DME a great choice for priming, supplementing beer recipes, and for making gravity adjustments.

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Asia Pacific is projected to dominate the majority market share, in the global brewing ingredients market, in terms of value, in 2021

On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. The drinking preferences of the population in this region are gradually shifting toward alcoholic culture. The large, increasing population and the growing market mean that the demand for brewing ingredients is still promising. Another factor is the densely populated areas that are not completely tapped by beer manufacturing and brewing ingredient companies. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and rising demand for craft beers are factors consequently fueling the demand for brewing ingredients market in this sector.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the brewing ingredients market. It includes the profiles of leading companies, such as Cargill, Incorporated (US), Angel Yeast Co. Ltd. (China), Boortmalt (Belgium), Malteurop Groupe (France), Rahr Corporation (US), Lallemand Inc. (Canada), Viking Malt (Sweden), Lesaffre (France), Maltexco S.A. (Chile), and Simpsons Malt (UK). among others.

Growth Strategies Adopted by Major Players in Biofertilizers Market

The report "Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Type (Nitrogen-fixing, Phosphate solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Crop Type, and Region - Global Forecast to 2026" The global biofertilizers market size is estimated to be valued at USD 2.6 billion in 2021 and is expected to reach a value of USD 4.5 billion by 2026, growing at a CAGR of 11.9% in terms of value during the forecast period. Factors such as growth in consumer preference for organic food products, adoption of soil fertility management practices, serious concerns regarding the control of nitrate emissions and eutrophication in the aquatic environment, and government promotions for the use of organic fertilizers are some of the factors driving the growth of the biofertilizers market.

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Liquid, by form, is estimated to hold the largest market share during the forecast period

The market for biofertilizers, by form, has been segmented into liquid biofertilizers and carrier-based biofertilizers. Liquid biofertilizers account for the largest market during the forecast period owing to the large pool of products available in the market. Liquid biofertilizer technology is considered an alternative solution to the conventional form of carrier-based biofertilizers. Liquid biofertilizers are specially formulated and contain not only the desired microorganisms and their nutrients, but also substances that can support the stability of the storage conditions of resting spores and cysts for longer shelf-life. Liquid fertilizers have better tolerance limits for adverse conditions. The quality control protocols for liquid biofertilizers are easy and expeditious compared to carrier-based biofertilizers.

Pulses & oilseeds, by crop type, is projected to grow at the second-highest CAGR in the biofertilizers market during the forecast period

The pulses & oilseeds segment is projected to grow at the second-fastest rate during the forecast period. Oilseeds such as soybean are also used as animal feed in the form of cakes as well as in the production of biodiesel and other renewable chemicals. Inoculation with Rhizobium is often recommended to augment nitrogen supply from the soil, particularly where the crop has been introduced recently or has not been grown for several years, or where the native Rhizobium population is inadequate and/or ineffective. Pigeon pea is another important perennial legume crop, which often requires a significant amount of soil nutrients for proper growth. These requirements are easily fulfilled with the assistance of biofertilizers at an affordable price, thus increasing the demand for biofertilizers.

Nitrogen-fixing microbes, by type, is estimated to account for the largest market share during the forecast period

Nitrogen-fixing microbes account for the largest market size during the forecast period. Biological nitrogen fixation provides sustainable and environment-friendly agricultural production. The value of nitrogen-fixing biofertilizers in improving and enabling a higher yield of legumes and other crops can be realized through the application of biofertilizers. They are mainly used in legumes, pulses, black grams, groundnuts, and soybeans. Among all the microorganisms, rhizobium is majorly used due to its efficiency in nitrogen fixation as well as popularity. Rhizobium is a symbiotic, nitrogen-fixing bacterium, which integrates atmospheric nitrogen and fixes it in the root nodules of crops.

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North America is estimated to hold the largest market share during the forecast period

The imposition of bans on the usage of harmful chemicals and fertilizers in the agricultural industry by governments in North American countries has created a high growth potential for biofertilizers. In addition, the increasing acceptance of organic foods among consumers is projected to widen the scope of growth for leading players. The US dominated the biofertilizers market in North America in 2020. The FDA introduced stringent regulations pertaining to the quality standards of agricultural products, which is projected to encourage the use of biofertilizers in the US.      
 
This report includes a study on the marketing strategies and the product portfolios of the major companies that operate in the biofertilizers market. The report has leading company profiles such as Novozymes A/S (Denmark), Vegalab SA (Switzerland), UPL Limited (India), Chr. Hansen Holding A/S (Denmark), Kiwa Bio-Tech (China), Lallemand Inc. (US), Rizobacter Argentina S.A. (Argentina), T. Stanes & Company Limited (India), IPL Biologicals Limited (India), Nutramax Laboratories Inc. (US), Symborg (Spain), Kan Biosys (India), Mapleton Agri Biotech Pty Ltd (Australia), Seipasa (Spain), AgriLife (India), Manidharma Biotech Pvt Ltd (India), Biomax Naturals (India), Jaipur Bio Fertilizers (India), Valent BioSciences (US), Aumgene Biosciences (India), Agrinos (US), Criyagen (India), LKB BioFertilizer (Malaysia), Varsha Bioscience and Technology India Pvt Ltd. (India), and Valagro (Italy).

Probiotic Ingredients Market Projected to Garner Significant Revenues by 2023

The report "Probiotic Ingredients Market by Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), Source (Bacteria and Yeast), Form (Dry and Liquid), End User (Human and Animal), and Region - Global Forecast to 2023", is estimated at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, growing at a CAGR of 8.5% during the forecast period. The market is driven by factors such as increasing popularity of probiotic dietary supplements and participation of government bodies in the R&D of probiotics.

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By application, the market has been segmented into functional food & beverages, pharmaceuticals, animal nutrition, and others which include cosmetics & personal care products. The pharmaceuticals segment is growing at the highest rate owing to a spike in the number of diseases such as antibiotic-associated diarrhea, inflammatory bowel disease, lactose intolerance, irritable bowel syndrome, vaginal infections, rheumatoid arthritis, liver cirrhosis, and immune enhancement. The intake of dietary supplements for overall improvement in health among consumers would drive the growth of the segment during the forecast period.

By form, the market has been segmented into dry and liquid. The dry form is projected to dominate the market during the forecast period owing to lower costs in transportation when compared with liquid form. The dry form of probiotic ingredients has a higher shelf-life, due to which it is preferred by manufacturers and suppliers.

By end use, the probiotic ingredients market has been segmented into animal and human use. While human use accounts for a larger market share during the forecast period, the usage of probiotic strains in the animal nutrition industry is growing. Probiotic strains are used in feed to enhance the effectiveness of nutrients and show their effects on the gut by aiding in better digestion and reducing the impact of pathogenic bacteria, which causes various diseases in animals. The animals can grow better as the feed is altered in terms of quality and palatability due to its added probiotic content. The aim of probiotic strains is to take care of deficiencies of the natural microflora and provide animals with better resistance against diseases.

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By region, the Asia Pacific market accounted for the largest share of the probiotic ingredients market in 2017, followed by Europe. Some factors that influence these market shares include the high demand for functional foods and dairy products, the presence of major players in these regions, and awareness about the benefits of using probiotics. Top probiotic manufacturers, such as DowDuPont (US), Kerry (Republic of Ireland), Lallemand (US), and Chr. Hansen (Denmark) together account for more than one-third of the total market share. These companies have a strong presence in Europe and the Asia Pacific and have manufacturing facilities across these regions along with strong distribution networks.

The competitive landscape for the probiotic ingredients is fragmented, with many big and small players concentrated in the European market. The focus is on the human use products due to which the competition is higher to provide for the functional food and pharmaceutical industries where the demand is high. Significant growth is being witnessed in new players trying to penetrate the probiotic ingredients market to cater to the animal feed industry.

Upcoming Growth Trends in the Plant Breeding and CRISPR Plants Market

The report "Plant Breeding and CRISPR Plants Market by Type (Conventional and Biotechnological [Hybrid, Molecular Breeding, GM, Genome Editing]), Trait (Herbicide Tolerance, Disease Resistance, and Yield Improvement), Application, and Region–Global Forecast to 2023" The plant breeding and CRISPR plants market is projected to reach USD 14.6 billion by 2023, from USD 7.6 billion in 2018, at a CAGR of 13.95% during the forecast period. The market is driven by factors such as the growing need for high-quality crops and increased yield, and rising application of plant biotechnology in the agriculture industry.

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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.

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.

Asia Pacific is projected to witness the highest growth in the plant breeding and CRISPR plants market during the forecast period.

There has been an ever-increasing demand for commercial seeds in the Asian market, in line with the growing economic growth 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. Public investments have been declining, while private investments in plant research have been growing exorbitantly. Moreover, the growth of the biotechnology industry observed in China, Japan, and India translates to the high-growth potential of the plant breeding market during the forecast period.

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Key Market Players:

Plant breeding has been practiced for thousands of years. However, technologies such as unmanned aerial vehicles (UAVs), robots, artificial intelligence (AI), and machine learning are revolutionizing this practice. Hence, plant breeders are continuously investing in these technologies to explore the genetic basis of trait variation in crops with higher accuracy and within the limited timeline. Companies such as Bayer (Germany), Syngenta (Switzerland), KWS (Germany), and DowDuPont (US) utilize combinations of both traditional and molecular breeding to develop various seed traits, whereas companies such as Eurofins (Luxembourg) and SGS (Switzerland) provide services to certain seed companies. Various strategies such as acquisitions, partnerships, and expansions were adopted by companies, research institutes, and academic institutions to enter the plant breeding and CRISPR plants market

Glucose, Dextrose, and Maltodextrin Market Will Hit Big Revenues In Future

The report "Glucose, Dextrose, and Maltodextrin Market by Product (Glucose, Dextrose, and Maltodextrin), Application (Food & Beverages (Confectionery, Bakery, Dairy), Pharmaceuticals, Personal Care Products, Paper & Pulp), and Region - Global Forecast to 2024", The market for glucose, dextrose, and maltodextrin, in terms of value, is estimated at USD 34.47 Billion in 2018, and is projected to reach USD 51.87 Billion by 2024, at a CAGR of 7.0%.

The increase in demand from the beverage industry, intense research & development activities, and increase in demand for convenience foods are expected to drive the demand for glucose, dextrose, and maltodextrin in various applications. Glucose, dextrose, and maltodextrin are among the major starch derivatives used. Glucose is a sweetener used in a range of food products. It is produced by the hydrolysis of starch. Dextrose is a dextrorotatory form of glucose. It is used in baking products such as cake blends and toppings, snack food items such as cookies, and desserts such as custards and sherbets. Maltodextrin is moderately sweet or flavorless sugar, which is easily digestible and is absorbed as rapidly as glucose.

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Rise in demand for beverages is a major driver for the market

Glucose and maltodextrin are widely used as sweeteners. The demand for cereal sweeteners is backed by the development of the soft drinks industry. The demand for soft drinks is rapidly increasing in the developing markets of Asia Pacific and South America. Although juices and aerated drinks can be sweetened by using saccharose sugar or low-calorie syrups, fructose and glucose syrups are generally preferred. This is due to the price effectiveness of glucose syrups and dextrose and technical properties such as enhancement of viscosity and visual appearance of the food items. Furthermore, the demand for maltodextrin is expected to increase over the next six years as it is used as a thickening and filling agent in beverages and is one of the key elements in sports drinks.

Growth in demand for gums as an alternative to glucose, dextrose, and maltodextrin is a major restraint

Rise in preference for gums such as gum Arabic, guar gum, xanthan gum and locust bean gum over starch-derived products is emerging as a restraint for the market. It has been analyzed that food & beverages stabilized with sources of gums attain better stability than those with modified starches. Gums are posing a threat to starch derivatives such as glucose, dextrose, and maltodextrin in various food & beverage segments, where they are utilized to prevent sugar crystallization as well. The increase in preference for gums may restrain the usage of starch derivatives in the foods segment. Along with taste, texture, and stability, gums also provide functional benefits to food & beverage products.

The confectionery products segment is projected to dominate the glucose market for food & beverages through the forecasted period.

Glucose syrup is widely used in the confectionery industry. As it is a doctoring agent, it prevents crystallization, imparting uniformity to the product; in some confectionery applications, it can be used as a necessary ingredient up to the extent of around 40%. It is generally used in the production of homogenous confectionery products such as chewing gums and chocolates. Liquid glucose also has good preservative qualities, imparts a smooth texture to the end product, and enhances the shelf life of the end product. This has led to increased demand for glucose in the confectionery products segment.

The food & beverages segment is projected to dominate the dextrose market through the forecast period.

Dextrose is used as a sweetener and nutritional supplement in the production of various food products such as in candy & gums, creams, bakery products, jarred & canned foods, frozen dairy products, and cured meats. It can also be used in beverages, jelly, jam, and honey for improved taste and quality and extended shelf life. Thus, changes in food habits and inclination toward snacks and desserts, where dextrose is used as an effective sweetening agent, drive the usage of dextrose in the food & beverages segment.

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Asia Pacific is projected to be the fastest-growing regional market for glucose, dextrose, and maltodextrin.

The Asia Pacific region is projected to be the fastest-growing market for glucose, dextrose, and maltodextrin over the next six years, owing to an increase in overall economic growth, with diversity in income levels, technology, and demand from end consumers for better quality food products, leading to enhanced scope for future growth. The main countries contributing significantly toward the growth of the market in this region include China, India, and New Zealand. The rapidly growing convenience food and personal care industries in the Asia Pacific region have led to an increase in the consumption of glucose, dextrose, and maltodextrin products.

In this region, countries such as China and India are estimated to account for a major share of the market. Thailand is projected to be one of the fastest-growing markets for glucose, dextrose, and maltodextrin in the Asia Pacific region.

This report studies the marketing and development strategies, along with the product portfolios of leading companies such as ADM (US), Ingredion (US), AGRANA (Austria), Tate & Lyle (UK), Cargill (US), ROQUETTE (France), Grain Processing Corporation (US), Avebe Group (Netherlands), Tereos (France), Global Sweeteners Holdings (Hong Kong), Gulshan Polyols (India), and Fooding Group Limited (China).

Latest Regulatory Trends Impacting the Agricultural Testing Market

The report "Agricultural Testing Market by Sample (Soil, Water, Seed, Compost, Manure, Biosolids, Plant Tissue), Application (Safety Testing (Toxins, Pathogens, Heavy Metals), Quality Assurance), Technology (Conventional, Rapid), and Region - Global Forecast to 2022", the agricultural testing market is estimated to be valued at USD 4.56 Billion in 2017 and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 6.64%. The market is driven by stringent safety and quality regulations for agricultural commodities, increase in outbreaks of foodborne illnesses, and rapid industrialization leading to the disposal of untreated industrial waste into the environment.

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Driver: Stringent safety and quality regulations for agricultural commodities

Growing complexities in the supply chain, lack of adoption of good agricultural practices (GAP), and absence of proper hygiene & sanitation practices have resulted in increasing instances of contamination of food, feed, and agricultural products at the beginning of the supply chain, which are responsible for large-scale outbreaks of illnesses and poisoning in both humans and livestock. This has caused severe concerns among farmers, livestock producers, end consumers, regulatory authorities, and other industry stakeholders.

Furthermore, in countries such as the US, Canada, Australia, and countries in the European Union, various mechanisms have been formed, and there is a strong emphasis in the framework regarding monitoring policies and their strict enforcement to attain higher transparency in the supply chain and ensure traceability. Such moves have ensured that contaminated food, feed, and agricultural products face border rejections and are quarantined. Moreover, violators are penalized with heavy fines and have their licenses revoked. Therefore, in order to comply with the safety and quality parameters set by various regulatory authorities, agricultural testing is increasingly being adopted as an essential pre-emptive measure.

Restrain: Testing of seeds, soil, water, and compost amongst other samples require proper enforcement measures, coordination between market stakeholders, and supporting infrastructure. However, many developing economies are lacking in these aspects, which act as a restraint for the growth of the agricultural testing industry.

Water and soil are the fast-growing segments in agricultural testing during the forecast period

The global market, based on sample, has been segmented into soil, water, seed, compost, manure, biosolids, and plant tissue. The market for testing for soil is estimated to dominate in 2017, and is also projected to be the second-fastest-growing segment during the forecast period. The growing contamination of soil, caused by wastewater and industrial effluents, has been propelling the importance of soil testing; this, in turn, is driving the market for agricultural testing.

Spectrometry & chromatographic technologies contributed to the fastest growing rapid technology market in agriculture testing

The agricultural testing services market, by technology, has been segmented into conventional and rapid. The rapid technology segment is estimated to dominate the market in 2017, and is projected to grow at a higher CAGR by 2022. This can be attributed to low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of bacteria in comparison to conventional technological methods.

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Asia Pacific is projected to be the fastest-growing market during the forecast period

The Asia Pacific market is projected to grow at the highest CAGR from 2017 to 2022. Major growth drivers of the region include increased adoption of advanced biotechnological methods and organic farming resulting in the need for agricultural testing, and an increase in the number of exports from the region, necessitating agricultural testing for the produce.

This report includes a study of marketing and development strategies, along with the services & product portfolios of leading companies. It includes the profiles of leading service companies such as SGS (Switzerland), Intertek (UK), Eurofins (Luxembourg), Bureau Veritas (France), ALS Limited (Australia), and TÜV NORD GROUP (Germany). It also includes profiles other players that also have significant share in this market such as Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), and Apal Agricultural Laboratory (Australia).