Biofertilizers Market: Growth Opportunities and Recent Developments

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).

Rice Seeds Market Growth by Emerging Trends, Analysis, & Forecast to 2023

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 developed and developing countries, and rising seed replacement rate for paddy across Asian countries.

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Long-grain rice seeds are estimated to be the most widely used variety of rice seeds in 2018.

Long grain rice is cultivated at a high rate across different countries due to the changing consumer demand and limited application of short grain rice in the food industry. The production of long rice has been growing across the globe, particularly in the US and Asian countries. Basmati and jasmine are some of the long grain rice varieties that are exported from Asia in large quantities and have industrial importance from the perspective of rice millers in terms of price value. In addition, hybrids and OPV seeds offered by key players such as Bayer and DowDuPont are mainly for long rice grains, followed by medium-sized rice and short rice.

The treated segment is projected to witness the fastest growth during the forecast period.

Seed treatment has been gaining importance for field crops, such as corn, wheat, and soybean, to reduce crop loss from early pest attacks. However, the adoption of this technology for rice is still gradual across countries. Rice is mainly cultivated in the Asian countries. However, farmers are reluctant toward investing capital on crop inputs and prefer adopting the traditional techniques of crop protection. Due to the rising need for sustainable agriculture and integrated pest management guidelines laid by governments in the Asian countries has encouraged farmers to adopt seed coating technologies. On the account of these factors, this segment is projected to grow at the highest rate during the forecast period.

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Asia Pacific is estimated to dominate the market in 2018 and is projected to be the fastest-growing market for rice seeds through 2023.

Asia Pacific is a major consumer and producer of rice across the globe, and inadequate arable land in this region has encouraged farmers for better yield from their cultivation. Adoption of advanced technologies such as hybrid and certified seeds is also increasing in this region. According to the recent data of USDA published in 2016, India and China are the two major producers and consumers of rice, not only in the Asia Pacific region but across the globe. The Asia Pacific market for rice seeds is consolidated with two players occupying the largest share, followed by other players. Since rice cultivation in other regions of the world is comparatively low, the growth of the Asia Pacific market is projected to remain steady during the forecast period.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Bayer (Germany), DowDuPont (US), Syngenta (Switzerland), Advanta Seeds (UPL) (India), and Nuziveedu Seeds (India), 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).

Upcoming Growth Trends in the Integrated Food Ingredients Market

The report "Integrated Food Ingredients Market by Function (Taste Enhancers, Form, Texture, Preservation, and Coloring), Integrated Solutions (Dairy, Beverage, Bakery & confectionary, Snacks & Savory and Meat & Meat Products), and Region - Global Forecast to 2023", The integrated food ingredients market is estimated at USD 60.90 billion in 2018 and is projected to reach USD 77.48 billion by 2023, growing at a CAGR of 4.9% during the forecast period. The market is driven by factors such as the increase in the consumption of processed food, growing awareness about food preservation, along with an increase in disposable income.

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

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

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

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

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

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

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

Textured Vegetable Protein Market Growth Opportunities by 2025

According to MarketsandMarkets, the "Textured Vegetable Protein Market by Application (Meat alternatives, Cereals & snacks, Others), Form, Source (Soy, Wheat, and Peas), Type (Slices, Flakes, Chunks, and Granules), and Region - Global Forecast to 2025", the market size is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 1.5 billion by 2025, recording a CAGR of 6.2%, in terms of value. The changing consumer preference and interest in vegetable protein sources, due to its nutritional profile, inclination toward clean eating, rise in health concerns, and environmental concerns, as well as animal welfare, have resulted in the growth of the alternatives, such as plant-based meat, and ingredients such as textured vegetable protein.

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The meat alternatives application segment is projected to witness significant growth during the forecast period.

Based on application, the textured vegetable protein market is dominated by meat alternatives applications. Textured proteins are among the key components of meat alternatives, where they have been used as extenders, analogues, and replacers. Texturized vegetable proteins can substitute meat products while providing an economical, functional, and high-protein food ingredient or can be consumed directly as a meat alternatives. They have been successful because of their healthy image (cholesterol-free), meat-like texture, and low cost. Europe and North America are the two regions expected to drive the market for textured vegetable protein.

The slices type segment is projected to account for a major share in the textured vegetable protein market during the forecast period

By type, the textured vegetable protein market is dominated by slices. Textured vegetable protein slices are obtained by processing various beans with higher protein content. They are the unique source of protein that contains essential amino acids, protective ingredients, minerals, and vitamins, which are necessary for total metabolism. During adequate heat treatment, the anti-nutritive factors are removed, thereby improving the protein content. They are generally characterized by structural integrity, which remains the same during hydration and heat treatments.

The North American region is the largest in the textured vegetable protein market during the forecast period.

The textured vegetable protein market is driven by the rise in the detrimental effects of conventional meat production and health concerns among consumers. This has increased the demand for meat alternatives and advancements in the research & development activities to substitute traditional meat products. The North American textured vegetable protein market is led by its various applications with respect to sustainability. Advancements in ingredient development have helped improve the adaptability of textured proteins for a wide range of food applications and are estimated to drive growth in the region. The North American region is the largest market for textured vegetable protein, owing to the development of novel and superior quality meat alternatives, developed technologies, and higher consumer adaption to meat alternatives. The increase in processed and convenience food production and innovations in segments such as meat alternatives and cereals & snacks drives the demand for textured vegetable protein in the North American region.

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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as ADM (US), Cargill (US), CHS (US), Roquette Freres (France), DuPont (US), Wilmar International (Singapore), The Scoular Company (US), Puris Foods (US), VestKorn (Norway), MGP Ingredients (US), Beneo GmbH (Germany), Shandong Yuxin Bio-Tech (China), FoodChem International (China), Shandong Wonderful Industrial Group (China), Axiom Foods (US), AGT Food & Ingredients (Canada), Sun NutraFoods (India), Crown Soya Protein Group (China), La Troja (Spain), and Hung Yang Foods (Taiwan).

Growth Opportunities in the Grain Silos and Storage System Market

The report "Grain Silos and Storage System Market by Silo Type (Flat bottom silo, Hopper silo, Grain bins, and Other silo types), Commodity Type (Rice, Wheat, Maize, Soybean, Sunflower, and Other commodity types), & Region – Global Forecast to 2025", The global grain silos & storage system market size is estimated to be valued at USD 1.3 billion in 2020 and is expected to reach a value of USD 1.6 billion by 2025, growing at a CAGR of 4.8% during the forecast period. The growth of the grain silos and storage system market is driven by factors such as the increase in production of high-quality grains through effective storing, and efficient post-harvest management of grains to drive the market growth.

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The grain silos & storage system market includes major product manufacturers like AGCO Corporation (US), AGI (Canada), Silos Córdoba (Spain), PRADO SILOS (Spain), Symaga (Spain), SIMEZA (Spain). These companies have their manufacturing and service facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses up to some extent. Though this pandemic situation has impacted their businesses, there is no significant impact on the global operations and supply chain of grain silos & storage system. Multiple manufacturing facilities of players are still in operation.

Grain bins, by silo type, is estimated to grow at the highest rate during the forecast period

The grain bins are constructed as vented, silver, and corrugated steel-structured containers that have a larger diameter than silos, which are offered in various heights. These type of grain bins are generally used for the storage of dry corn and soybeans, which meet the domestic or export demands for the use of feed, food, and fuel. They are also used for the storage of free-flowing grains or other non-corrosive granular materials up to 52 lb/ft3 (833 kg/m3).

Maize, by commodity type is estimated to hold the largest share in the grain silos & storage system market, in terms of value, in 2020

Maize is an important crop in various developed and developing countries. It is used as livestock feed and processed into various food and industrial products, such as starch, sweeteners, corn oil, beverage & industrial alcohol, and fuel ethanol. The major feed grains consumed in the US are corn, sorghum, barley, and oats. According to the USDA, in the US, corn is a major feed grain, accounting for more than 95% of the total feed grain production and use. It is used as a key energy ingredient in the livestock feed. The figure below illustrates the feed grain production in the country for the year 2018/19.

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

The market for grain silos & storage system is projected to grow at the highest CAGR in the Asia Pacific. With the presence of densely populated countries, such as China and India, the Asia Pacific region is projected to be one of the key markets for grain silos and storage system. The region’s increasing population and rising income levels are factors that are projected to drive the demand for food and agricultural commodities in the coming years. On the other hand, the region has limited arable land, inadequate water, low farm yields, and increased soil degradation conditions due to urbanization. China and India are ranked first and second, in terms of rice and wheat production, at the global level.

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 grain silos & storage system market. It consists of the profiles of leading companies such as AGCO Corporation (US), AGI (Canada), Silos Córdoba (Spain), PRADO SILOS (Spain), Symaga (Spain), SIMEZA (Spain), Bentall Rowlands Silo Storage Ltd (UK), Mysilo (Turkey), Sukup Manufacturing Co. (US), MICHA£ (Poland), Privé SA (France), Dehºetiler Makina (Turkey), MULMIX SpA Unipersonale (Italy), Polnet Sp. z o.o. (Poland), Brock Grain Systems (US), Behlen Mfg. Co. (US), SCAFCO Grain Systems Co. (US), Sioux Steel Company (US), Superior Grain Equipment (US), and Hoffmann, Inc. (US).

Key Trends Shaping the Pesticide Inert Ingredients Market

The report "Pesticide Inert Ingredients Market by Type (Emulsifiers, Solvents, and Carriers), Source (Synthetic and Bio-based), Form (Dry and Liquid), Pesticide Type (Herbicides, Insecticides, Fungicides, and Rodenticides), and Region - Global Forecast to 2023", The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and the capability of inert ingredients to improve the efficacy of pesticide application.

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Pesticide inert ingredients for the herbicide segment is estimated to have the highest share during the forecast period.

Pesticide inert ingredients are used in herbicide spray solutions to accentuate the emulsifying or other surface modifying properties of liquids. Inert ingredients are mostly present in herbicide treatment solutions with the aim to improve the penetration of active ingredients into plant foliage or to reduce foaming activity of the spray solution. Also, with reference to the herbicides available in the market, the amount of inert ingredients used in herbicide solutions are higher compared to insecticides and fungicides.

High adoption of inert ingredients in the North American region also drives the overall pesticide inert ingredients market. The major use of the formulation of herbicides is in the form of emulsifiers and solvents.

The dry segment in terms of forms of pesticide inert ingredients is projected to witness the fastest growth during the forecast period.

Dry inert ingredients are available in various forms such as wettable powders, dust, granules, and talc. The dry form of inert ingredients is majorly used in the formulation of herbicides and rodenticides. Dry forms of pesticides help in attracting rodents in the fields and thus are preferred in agricultural fields for repelling and skilling rodents. The high share of herbicides in the pesticide industry also drives the market for dry inert ingredients.

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

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

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

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 the participation of government bodies in the R&D of probiotics.

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The functional foods & beverages segment is estimated to account for the largest share, by application, in 2018

Based on application, the probiotic ingredients market is segmented into functional foods & beverages, pharmaceuticals, animal nutrition, and others, which include cosmetics and personal care. The functional foods & beverages segment is estimated to account for the largest share in 2018 as it is widely used in the manufacture of products such as cheese, yogurt, and other dairy products. The rising health concerns among consumers is driving the market for probiotics within this segment.

The bacteria segment, by source, is estimated to dominate the probiotic ingredients market in 2018

By source, the probiotic ingredients market is segmented into bacteria and yeast. The bacterial segment mainly consists of strains from the genus of Lactobacillus and Bifidobacterium. This segment is estimated to account for the largest share in the probiotic ingredients market in 2018. Although yeast is more stable and robust, bacteria strains have more health benefits and a large number of strains that are available within the bacteria. Due to these factors, bacteria strains continue to remain preferred over yeast.

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Asia Pacific is estimated to dominate the probiotic ingredients market in terms of value in 2018

Probiotics are gaining popularity in the Asia Pacific market particularly in the animal nutrition segment due to the growing concerns about their health and productivity. The application of probiotic strains is projected to increase due to the consumer demand for application in functional foods and pharmaceutical end products. India offers a huge potential in this region due to the increasing number of pharmaceutical companies involving themselves in the licensing and development of probiotic drugs. China’s growth in terms of sales is attributed to the growing application of probiotics in the infant formula business.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as Kerry (Ireland), DowDuPont (US), Chr. Hansen (Denmark), Biogaia (Sweden), Probi (Sweden), Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UAS Laboratories (US), and Biena (US).