Nematicides Market Growth by Emerging Trends, Analysis, & Forecast to 2025

The global nematicides market size is estimated to be valued at USD 1.3 billion in 2020 and is projected to be worth USD 1.6 billion by 2025, recording a CAGR of 3.4% during the forecast period. The strong demand for high-value crops, crop losses due to nematodes, and advancements in farming practices and technology are some of the factors driving growth in the nematicides market.

Key players in this market include Corteva Agriscience (US), Syngenta (Switzerland), Bayer AG (Germany), and BASF SE (Germany). New product launches, expansions, acquisitions, and agreements & joint ventures were some of the core strengths of the leading players in the nematicides market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios.

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Some of the other players in the nematicides market include 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), and Real IPM Kenya (Kenya).

BASF SE (Germany) is one of the global leaders in the crop protection industry. It offers nematicide solutions through its agricultural solutions business. The company is now among the world‘s leading players in the nematicides market due to the strategic acquisition of Bayer CropScience’s (Germany) crop protection business and assets, which complement BASF’s agricultural solutions business. The acquisition is aimed at improving BASF’s presence in Europe and Asia Pacific, alongside improving the research activities on herbicides and nematicides. The company has also invested in introducing patented technologies for nematode management seed treatment, which would provide growers with enhanced protection against various damaging nematode species in row crops.

Corteva Agriscience (US) is a global leader in two of the largest and promising markets in the agricultural sector, namely, seed and crop protection. The company offers nematicides through its crop protection business, which contributes about 44% of the revenue to the company. Corteva has a distribution agreement with Dow AgroSciences, which gives the former exclusive rights in the distribution of soil fumigant products of the latter.

Bayer AG (Germany) - The crop science division of the company has been working on introducing seed and crop protection products and digital solutions. Bayer has also been aligning with the developments in the agricultural sector. It offers nematicides through its crop science division. The acquisition of the assets of Monsanto Company (US) in June 2018, which led to the expansion of its seeds and crop science business, has also allowed the company to capture a significant share in the nematicides market.

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Constraint: Pesticide residue problems

One key restraint in the crop protection chemicals market is the pesticide residue problem due to the non-judicious use of pesticides by the farmers. Pesticide residue problems are highly found in the crops grown in developing or under-developed countries. Countries such as Vietnam, Ghana, and the Philippines are known for such low-quality crop production, affected by pesticide residues. Though intensive farming is inevitable without the use of pesticides, farmers in developing countries tend to use excess pesticides, which then damage the crops. Thus, improper use and illegal import-export of pesticides, and lack of proper government regulations have resulted in pesticide residue issues and excessive application of toxic pesticides, thereby hindering the growth of the crop protection chemicals market.

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.

Growth Strategies Adopted by Major Players in the Aquafeed Market

The aquafeed market is estimated to be valued at USD 50.6 billion in 2020 and is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The growth of the aquafeed market is driven by factors such as the growth in the aquaculture industry and growing seafood trade, which demands aquafeed.

The key players in the aquafeed market include Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

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Cargill is involved in the manufacturing and marketing of food, agricultural, financial, and industrial products, and services. The company’s major business segments include food ingredients & applications; grain origination and oilseed processing; animal nutrition; and risk management and financial services. Cargill’s animal nutrition business offers a range of compound feed, premixes, feed additives, and supply chain & risk management solutions to feed manufacturers, animal producers, and feed retailers around the world. The company is one of the largest aquafeed suppliers and focuses on three core species, namely, salmon, tilapia, and shrimp. To remain competitive in the aquafeed market, recently, the company entered into a partnership with InnovaFeed (France) to develop fish feed using insect protein.

Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed ingredients, industrial ingredients, and biofuels. It offers aquafeed products through its subsidiary, ADM Animal Nutrition, Inc. (US). Strategies, such as expansions, joint ventures, and acquisitions, have aided the company to integrate its distribution channels to most feed producers. For instance, in April 2019, the company built a new high-tech feed facility in the US to increase the capabilities of its animal nutrition business and cater to the customers in the aquafeed industry.

Nutreco develops and produces animal nutrition and aquafeed products. It is a fully owned subsidiary of SHV Holdings (Netherlands). Two of the company’s global brands are Skretting (aquafeed) and Trouw Nutrition (animal nutrition). Nutreco streamlined the functioning of its business units effectively to develop and deliver product-marketing strategies for different feed segments. The company has signed agreements and joint ventures with regional players and institutions to sustain in these regional markets.

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The Asia Pacific is projected to account for the largest share in the aquafeed market during the forecast period.

The Asia Pacific market accounted for the largest share in 2020; this market is majorly driven by China and Vietnam, which are major markets for aquafeed. China is among the leading producers of aquafeed in the Asia Pacific region. Due to the significant growth of seafood consumption and trade in this region, the aquafeed market is projected to grow in the region. The processed seafood market in the region is also currently undergoing significant transformation in response to rapid urbanization and diet diversification. Also, consumer demand for convenience and processed seafood offers profitable growth prospects and diversification to the region’s food sector.

Confectionery Processing Equipment Market to Record Steady Growth by 2023

The Confectionery processing equipment market was valued at USD 4.38 Billion in 2017. It is projected to reach USD 6.55 Billion by 2023, at a CAGR of 6.90% from 2018. Confectionery processing equipment is machinery used for the production of confectionery products such as hard candies, chewing gums, gummies & jellies, and soft confectionery. The growth of the retail and confectionery industries, supported by the increased market presence of confectionery companies across the globe, drives the growth of the market.

The confectionery processing equipment market, by product, is segmented into hard candies, chewing gums, gummies & jellies, soft confectionery, and others. The soft confectionery segment is estimated to dominate the market with the largest share in 2018 as the demand for a variety of chocolates, such as sugar-free and dark, is increasing, globally. This is followed by the hard candies segment.

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The confectionery processing equipment market, based on type, is segmented into thermal, extrusion, mixers, blender, and cutters, coating, cooling, and others. The extrusion segment is projected to grow at the highest CAGR among all confectionery processing equipment types from 2018 to 2023. Extrusion equipment is used to make confectionery products of different shapes and sizes. The need to provide innovative products is one of the factors expected to augment the demand for extrusion products.

Based on mode of operation, the confectionery processing equipment market is segmented into automatic and semi-automatic. The automatic segment is anticipated to be relatively larger as against the semi-automatic segment. Automatic operation helps to reduce labor costs as well as time and ensures high-quality products.

The North American region is estimated to dominate the confectionery processing equipment market in 2018, The market in Asia Pacific is expected to grow at the highest CAGR during the review period. The market for confectionery processing equipment is developing rapidly in Asia Pacific due to high consumption of convenience foods and the establishment of key confectionery product manufacturers. Population growth, rise in disposable income, changes in eating habits, and urbanization are the key factors that drive the demand for confectionery products in the region.

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The major restraining factor for the growth of the confectionery processing equipment market is increase in awareness regarding the ill-effects of sugar consumption among consumers. This trend is witnessed in regions such as North America and Europe, and is expected to restrain the growth of the confectionery products market, which would subsequently impact the market for confectionery processing equipment.

New product launches, acquisitions, expansions, partnerships, mergers, and agreements are the key strategies adopted by the players to ensure their growth in the market. The market is dominated by players such as Robert Bosch GmbH (Germany), Bühler AG (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), John Bean Technologies Corporation (JBT) (US), Aasted ApS (Denmark), BCH Ltd (England), Tanis Confectionery (Netherlands), Baker Perkins Limited (UK), Sollich KG (Germany), Heat and Control, Inc. (US), and Rieckermann GmbH (Germany).

Latest Regulatory Trends Impacting the Food Extrusion Market

The report "Food Extrusion Market by Extruder (Single Screw, Twin Screw, and Contra Twin Screw), Process (Cold and Hot), Product Type (Savory Snacks, Breakfast Cereals, Bread, Flours & Starches, and Textured Protein), and Region - Global Forecast to 2026", is estimated to be valued at USD 73.1 billion in 2021. It is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. The food extrusion market in the food industry has been growing in accordance with the processed food industry. The effect of busy lifestyles in developing economies has driven the market for processed food; hence, there is a rise in demand for extruded product types. In developing countries, the food extrusion market is also evolving in response to the rapidly increasing demand for convenience product type options.

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Savory snacks are projected to witness the highest growth during the forecast period.

Extrusion technology is mainly used to produce snack products. These snacks may be either ready to eat, ready to fry, or ready to bake and consume. Raw materials such as rice, corn, potato, and taro, high in starch content, have been popular feed materials for food extrusion because of their ease of availability and good functional properties. Potato-based extruded snacks are the most popular among the snack foods in most regions. Corn and tortilla-based extruded snacks are increasingly becoming a significant portion of snack foods consumed.

By extruder type, the twin screw extruder segment dominated the food extrusion market in 2020.

Twin screw extruders consist of two intermeshing, co-rotating screws mounted on splined shafts in a closed barrel. The extruder can ensure transporting, compressing, mixing, cooking, shearing, heating, cooling, pumping, shaping, and various other functions with a high level of flexibility. Twin screw extrusion equipment offers numerous advantages over single screw extrusion and is responsible for the increased demand for these extruders from various manufacturers in the food processing industry.

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US dominated the North America market for food extrusion market in 2020.

It is estimated that around two-thirds of the women in the US are estimated to work, leading to an increase of the working population. The US is estimated to lead the food extrusion market in North America. The market is highly fragmented, emphasizing the presence of companies of large, medium, and small scales, and comprises a complex supply chain that involves many intermediaries. It is the largest consumer of extruded food; it also exports extruded snacks to South America and Asia.

The key service providers in this market include Bühler (Switzerland), Akron Tool & Die (US), Baker Perkins (UK), Coperion (Germany), GEA (Germany), KAHL Group (Germany), Triott Group (Netherlands), Flexicon (US), Groupe Legris Industries (Belgium), The Bonnot Company (US), American Extrusion International (US), Shandong Light M&E Co., Ltd (China), Snactek (India), Doering systems, inc. (US), PacMoore (US), Egan Food Technologies (US), Schaaf Technologie GmbH (Germany), Wenger Manufacturing, Inc. (US), Brabender GmbH & Co. KG (Germany), and Jinan Darin Machinery Co., Ltd., (China)

Sustainable Growth Opportunities in the Protective Cultures Market

The report "Protective Cultures Market by Product Form (Freeze-dried and Frozen), Target Microorganism (Yeasts & Molds and Bacteria), Application (Dairy & Dairy Products, Meat & Poultry Products, and Seafood), Composition, and Region - Global Forecast to 2023", The market for protective cultures is estimated at USD 101.1 million in 2018; it is projected to grow at a CAGR of 23.6% to reach USD 292.1 million by 2023.

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The yeast & molds segment is estimated to account for a larger market share, in terms of value, in 2018

Microorganisms are recorded as the major contaminants that degrade food products. Fermented products are more prone to spoilage by microorganisms. The common spoilage microorganisms include yeasts, molds, and bacteria. Molds is the primary food spoilage agent in dairy products. Yeasts mainly grow inside a food product, while molds typically grow on the surface. Molds mostly grow at a pH of 3 to 8. The protective cultures market for the growth control of yeasts & molds is projected to witness a faster growth of 23.9% during the forecast period.

The genetically modified segment is estimated to witness the fastest growth in the protective cultures market, in terms of value, in 2018

The genetic modification of protective cultures improves the quality and production of oil. The high demand for competitive and economically priced vegetable oil has led to an increase in the preference for genetically modified seeds. Genetically engineered protective cultures are being used as an important ingredient in the functional foods industry. This widespread demand and an increase in the application areas are some of the factors, due to which the market is projected to witness faster growth.

The dairy & dairy products segment, by application, is estimated to account for the largest market share, by value, in 2018

Based on application, the dairy & dairy products segment is expected to dominate the food and beverage protective cultures market due to the wide consumption of dairy products such as cheese, yogurt, and butter across the globe. The cheese industry is also one of the major application areas of protective cultures. Companies such as Chr Hansen and DuPont Danisco have a significant presence in the dairy & dairy products segment with a wide array of dairy protective cultures.

The freeze-dried segment, by product form, is estimated to account for the largest market share, by value, in 2018

The freeze-dried segment in the protective cultures market is projected to grow at a higher CAGR and account for the largest market share during the forecast period. Protective cultures are highly unstable during storage and need to be preserved well to extend their shelf life. Freeze-dried protective cultures are considered the most convenient form for their application in various industries.

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The multi-strain mixed segment, by composition, is estimated to account for the largest market share, by value, in 2018

Based on composition, the market of multi-strain mixed protective cultures is projected to hold the largest market share by 2023, owing to the fact that each microorganism in these cultures performs specific functions, and hence, there is no need to use multiple single-strain cultures. Europe is projected to grow at the highest CAGR of 23.5% during the forecast period Europe accounted for the largest share of the protective cultures market and was valued at USD 38.4 million in 2017. The dominant status of Europe can be attributed to the strong dairy industry in the region. The combined output of the EU-28 countries in the global dairy industry contributes 44.0% to the global dairy production. According to the USDA, the European Union produced 115.6 million liters of milk in 2017, marking an increase of 2.0% as compared to the previous year’s output.

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 protective cultures market. It includes the profiles of leading companies such as Chr Hansen (Denmark), DowDuPont (US), Sacco S.R.L (Italy), CSK Food Enrichment B.V. (Netherlands), THT S.A. (Belgium), Dalton Biotechnologies (Italy), Biochem S.R.L (Italy), Meat Cracks Technology GmbH (Germany), Royal DSM N.V. (Netherlands), Bioprox (France), Aristomenis D. Phikas & Co SA. (Greece), and Soyuzsnab Group of Companies (Russia).

Lecithin & Phospholipids Market to Showcase Continued Growth in the Coming Years

The report "Lecithin & Phospholipids Market by Source (Soy, Sunflower, Rapeseed, Egg), Type (Fluid, De-Oiled, Modified), Application (Feed, Food (Confectionery Products, Convenience Food, Baked Goods) Industrial, Healthcare), and Region - Global Forecast to 2023" The global lecithin market was valued at USD 1.15 billion in 2018 and is projected to reach USD 1.59 billion by 2023, at a CAGR of 6.7% during forecast period. The global phospholipids market was valued at USD 3.23 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 6.2% during forecast period. The lecithin market is driven by factors such as increased demand from the feed segment, a shift in preference towards convenience foods in the emerging economies of the Asia Pacific and South American regions. On the other hand, the phospholipids market is driven by the increased demand for natural ingredients in personal care products and cosmetics in countries such as China, India, Japan, and South Korea.

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Based on type, the de-oiled type segment of the lecithin market is projected to grow at the highest CAGR during the forecast period

Based on type, the lecithin market has been segmented into de-oiled, fluid, and modified. The de-oiled segment is projected to grow at the highest CAGR during the forecast period. It offers benefits to manufacturers such as ease of handling since it is available in the powdered or granular form. It provides nutritional benefits to consumers and is used in dietary foods, bakery products, confectionery products, and convenience food. These are the key factors that drive the de-oiled segment in the lecithin market.

Based on source, the sunflower segment of the lecithin market is projected to grow at the highest CAGR during the forecast period

Based on source, the lecithin market has been segmented into soy, sunflower, rapeseed, and eggs while the phospholipids market is segmented into soy and egg. The sunflower segment is projected to grow at the highest CAGR during the forecast period. For food applications, the preferred lecithin is non-GMO lecithin, due to concerns about health issues related to the consumption of genetically modified products and strict regulations in regions such as Europe. The lecithin extracted from soy is generally GM; hence, end-user industries are switching to other options such as sunflower and rapeseed. The wide availability of sunflower in European countries such as Ukraine and Russia is also expected to favor the growth of the lecithin market in this region. 

In terms of application, nutrition & supplements segment is estimated to account for the largest share of the phospholipids value market in 2018

The nutrition & supplement segment is estimated to account for the largest share of the phospholipids market in 2018. The demand for phospholipids is growing in the developing economies of Asia Pacific, Eastern Europe, along with Africa, and the Middle East. Developing regions are expected to emerge as the fastest-growing consumers of phospholipids for pharmaceuticals and nutrition & supplement applications, due to the continuous increase in the per capita income in these regions and the increase in health awareness among consumers for natural ingredients.

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The Asia Pacific region accounted for the largest share of the phospholipids market in 2017

The Asia Pacific region accounted for the largest share of the phospholipids market in 2017 market. Changes in consumer preference toward natural ingredients have increased the demand for phospholipid products. In Asia Pacific, a rise in the young population (under 30 years of age) and rising awareness about health have prompted consumers to opt for healthier alternatives such as food supplements. Furthermore, increased demand for bakery items such as cakes, pastries, and cookies will also drive the demand for lecithin in the region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It includes major players such as Cargill (US), ADM (US), Stern-Wywiol Gruppe (Germany), DowDuPont (US), and Bunge (US), who are focusing on expansions & investments, acquisitions, and agreements to strengthen their base in the lecithin & phospholipids market. Other players include Lipoid GmbH (Germany), Wilmar International (Singapore), Sonic Biochem Extractions (India), Avanti Lipids Polar (US), Lecico (Germany), VAV Life Sciences (India), Sodrugestvo (Luxembourg), Kewpie Corporation (Japan), Sojaprotein (Serbia), American Lecithin Company (US), Sime Darby Unimills, Lecital (Austria), and Lasenor Emul (Spain); these players are also strengthening their market position through expansions and new product launches.

Rice Seeds Market: Growth Opportunities and Recent Developments

The report "Rice Seeds Market by Type (Hybrid and Open-Pollinated Varieties), Grain Size (Long, Medium, and Short), Hybridization Technique (Two-Line and Three-Line), Treatment (Treated and Untreated Seeds), and Region - Global Forecast to 2023", The rice seeds market is projected to reach USD 7.62 billion by 2023, from USD 5.47 billion in 2018, at a CAGR of 6.85% during the forecast period. The market is driven by factors such as the increasing technological advances in rice breeding, declining prices of hybrid rice seeds, growing adoption of hybrid rice seeds in the developed and developing countries, and rising seed replacement rate for paddy across Asian countries.

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

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

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

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Asia Pacific accounted for the largest share in the rice seeds market in 2017, followed by North America due to the high adoption of commercial open-pollinated varieties and hybrid rice seeds over farm-saved seeds to increase rice yield in countries such as China, India, Thailand, and the US. Development of improved hybrid seeds and the subsidy benefits provided by the government to encourage the adoption of hybrid seeds over farm-saved or OPV seeds have contributed to the growth of this market. The major factors restraining the adoption of hybrid seeds are their high cost as compared to OPV seeds and the lack of awareness about the advantages of hybrids on crop yield and profit margins. Also, the lack of skilled professionals and infrastructural facilities in the developing countries for hybridization techniques is projected to hinder the growth potential of this market.

The global market for rice seeds is dominated by key players such as Bayer (Germany), DowDuPont (US), Syngenta (Switzerland), Advanta Seeds (UPL) (India), and Nuziveedu Seeds (India). Some of the emerging players in the rice seed market include Mahyco (India), BASF (Germany), Kaveri Seeds (India), SL Agritech (Philippines), Rasi seeds (India), Rallis (India), JK Seeds (India), Hefei Fengle (China), LongPing (China), Guard Agri (Pakistan), and National Seeds Corporation (India).