Biofertilizers Market to Witness Unprecedented Growth in Coming Years

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 Biofertilizers Market was valued at USD 2.6 billion in 2021; it is projected to grow at a CAGR of 11.9% to reach USD 4.5 billion by 2026

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The increase 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 a few key drivers encouraging the market growth for biofertilizers, globally.

 

The Nitrogen fixing Biofertilizers by type is projected to achieve the fastest growth in the Biofertilizers Market.

 

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. Moreover, biological nitrogen fixation is considered an important process that determines nitrogen balance in the soil ecosystem. The increase in concerns to reduce pollution caused due to excessive application of nitrogen fertilizers and nitrate emissions in countries, such as the US, Spain, Canada, Brazil, Australia, Argentina, and China, are projected to drive the growth of the nitrogen-fixing biofertilizers market.

 

By crop type, the Fruits and Vegetables segment is estimated to account for the largest market share in the Biofertilizers Market.

 

Due to the increase in health concerns, there is an increase in the production and consumption of fruits & vegetables, particularly organic products. In order to improve the quality, shelf life, and yield of fruits & vegetables, various inputs such as biofertilizers are being incorporated. The increase in trend in the cultivation of organic fruits & vegetables and those under IPM practices have created a positive impact on the growth of the biofertilizers market.

 

The Soil treatment by mode of application is estimated to account for the largest market share of the Biofertilizers Market over the forecast period.

 

The use of biofertilizers in soil depends on the nutrient content and the type of crops that need to be grown. When these helpful microorganisms are introduced in the soil, they help the plant to receive adequate nutrients that are available in insoluble and absorbable forms. In addition, these biofertilizers do not impact soil fertility adversely but help to enhance its microbial content.

 

The Liquid Form segment is estimated to observe the fastest market growth in the Biofertilizers Market during the forecast period.

 

Liquid biofertilizer technology is considered an alternative solution to the conventional form of carrier-based biofertilizers. Liquid fertilizers have significantly higher survival rates after storing for a longer time as compared to other formulations and treatments. They do not get contaminated and have greater immunity against the native soil microbial population. Moreover, it is also convenient for biofertilizer manufacturers due to the limited risks associated with inventory keeping for a longer period and reduces the need for a year-long production process.

 

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North America is estimated to be the largest market.

 

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 increase in acceptance of organic foods among consumers is projected to widen the scope of growth for leading players. With the increase in inclination toward organic cultivation in the region, the growth of the biofertilizers market is projected to remain high. As per the USDA and Department of Energy (DOE), the increase in the availability of biomass feedstock is also one of the key factors driving the market growth.

 

The key players in this market include Novozymes (Denmark), T. Stanes & Company Limited (India), Kan Biosys (India), Kiwa Biotech (China), and Symborg (Spain).These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Food Enzymes Market to Showcase Continued Growth in the Coming Years

The report "Food Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Source, Application (Food & Beverages), Formulation, and Region(North America, Europe, Asia Pacific, and South America) – Global Forecast to 2026" The food enzymes market is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. The growing demand for diverse range of food products, clean label trend, and increase in disposable income are the factors that are projected to drive the growth of the food enzymes market globally.

 

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The microorganism segment is projected to witness significant growth during the forecast period.

 

Based on source, the food enzymes market is segmented into microorganism, plant, and animal. The microorganism segment is projected to witness the fastest growth during the forecast period, as enzymes obtained from microbial sources lead to low production costs and are stable than other sources. They can be produced through fermentation techniques in a cost-effective manner with less time and space requirement, and because of their high consistency, process modification and optimization are easily done. 

 

The carbohydrases segment is projected to account for a major share in the food enzymes market during the forecast period

 

By type, the food enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and other enzymes (such as catalases, laccases, oxidases, phosphatases, kinases, esterases, and pectinases). Carbohydrases are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Amylase is used in the baking industry as the addition of amylase to the dough, enhances the fermentation rate which results in the reduction of the viscosity of dough, further improving the volume and texture of the product. Due to easy modification and optimization processes, there is a huge usage of amylase in the food & beverage industry.

 

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The North American region dominated the food enzymes market with the largest share in 2020, whereas Asia Pacific is expected to witness the highest growth rate.

 

The food enzymes market in North America was dominant due to the increasing demand for enzymes in food applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the food & beverage industry one of the essential sectors in North America. However, the shift of food operations from developed regions, such as North America and Europe, to Asia Pacific, has further contributed to the growth of the food enzymes market in the Asia Pacific region. 

 

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 DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen Holdings A/S(Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Aumgene Biosciences (India), Creative Enzymes (US), SUNSON Industry Group Co., Ltd (China), AUM Enzymes (India), Xike Biotechnology Co. Ltd. (China), and Antozyme Biotech Pvt Ltd (India).

NPK Fertilizers Market to Showcase Continued Growth in the Coming Years

The report "NPK fertilizers (feed-grade and food-grade) Market by Application (Bakery Products, Meat & Meat Products, Dairy Products, and Beverages), Form (Powder, Liquid, and Others), Type (Nitrogen, Phosphorus, Potassium, and Others), and Region-Global Forecast to 2023" The NPK fertilizers (food-grade) market is estimated to be valued at USD 2.4 billion in 2018 and is projected to reach USD 2.9 billion by 2023, at a CAGR of 4.0%. The market is driven by the rise in consumption of meat & dairy products and increasing awareness about the quality of food products.

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The phosphorus segment is estimated to be the largest in 2018

The NPK fertilizers (food-grade) market, by type, is expected to be dominated by the phosphorus segment. It is also projected to be the fastest-growing segment. The properties of phosphorus such as promoting the preservation and adding desired textures, colors, and flavors in food products at a low cost are responsible for its growing use as a partial replacement for expensive traditional food additives. 

Powder segment set to dominate the market by 2023

The NPK fertilizers (food-grade) market, by form, is projected to be dominated by the powder segment during the forecast period. The high growth is not only attributed to this form being easy to use but also to the uniform consistency it provides to processed foods, while not altering their desired texture.

The bakery products segment is projected to be the fastest-growing during the forecast period

The bakery products segment is expected to be the fastest-growing, by application, during the forecast period. On a global level, the extensive usage of NPK fertilizers (food-grade) in bakery products to reduce the cost is expected to drive the segment at a significant rate during the forecast period.

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

The Asia Pacific market is expected to grow at the highest CAGR from 2018 to 2023. The high growth is attributed to the changing food consumption patterns owing to rising income and urbanization, especially in South Asian countries. Further, growth can be attributed to the increasing urbanization in the region, resulting in a growing demand for food security and quality food. Food manufacturers are expected to use NPK fertilizers (feed-grade and food-grade) as a substitute for regular additives due to their cost-effectiveness and to reduce the final cost of food products, as most countries in the region are price-sensitive.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It consists of the profiles of leading manufacturers such as include Borealis AG (Austria), AkzoNobel (Netherlands), Yara International ASA (Norway), Petróleo Brasileiro S.A. (Brazil), and Agrium Inc. (Canada). Furthermore, The Mosaic Company (US), Israel Chemicals Ltd. (Israel), EuroChem (Switzerland), PotashCorp (Canda), K+S AKTIENGESELLSCHAFT (Germany), Alltech (US), PhosAgro (Russia), Haifa Chemicals (Israel), Aditya Birla Chemicals (India), and SKW Stickstoffwerke Piesteritz (Germany) are the other players that hold a significant share in the NPK fertilizers (feed-grade and food-grade) market.

Trace Minerals in Feed Market to Witness Unprecedented Growth in Coming Years

The report "Trace Minerals In Feed Market by Type (Iron, Zinc, Manganese, Copper, Cobalt, Chromium, Other Types), Livestock , Chelate Type (Amino Acids, Proteinates, Polysaccharides, Other Chelate Types), Form, And Region – Global Forecast To 2025", The global trace minerals in feed market size is estimated to be valued at USD 472 million in 2020 and is expected to reach a value of USD 608 million by 2025, growing at a CAGR of 5.2% during the forecast period. Factors such as the rise in production of compound feed, and the increase in the importance of protein-rich diets among consumers across the globe opened new avenues for trace minerals in feed market. The major feed producing countries in the world include China, the US, Brazil, Mexico, Spain, India, and Russia. The where the demand for chicken and red meat has been growing. This in these countries, which has also contributed to the growth of the market.

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Poultry, by livestock, is estimated to hold the largest share in the trace minerals in feed market during the forecast period

 

The poultry segment accounts for the largest share and is also projected to grow at the fastest rate during the forecast period. There has been a significant increase in demand for poultry meat and other byproducts across the globe. People are therefore engaging in animal rearing and animal husbandry to fulfil this global demand.  The most effective way to achieve the highest production is to supply these birds with trace minerals, such as zinc, copper, and manganese, to increase their performance, which has led to an increase in demand for trace minerals.  Trace minerals are indispensable components in poultry diets. They are required for the growth, bone and feather development, and enzyme structure. The immune functions of all poultry species depend on trace minerals. This drives the growth of trace minerals in feed market across the globe. 

 

Amino acids, by chelate type, is estimated to account for the largest market share during the forecast period

 

Amino acids are considered an ideal chelator due to their ability to be easily absorbed in the animal body. This is due to the attachment of amino acids to the mineral molecules that create a more stable structure, which helps the minerals survive in the acidic environment of the stomach. Furthermore, trace minerals are protected from various bacteria present in the body of animals, and enzymes are unable to degrade it. It also inhibits the antagonistic action between metal ions and decreases the breaking down of vitamins in the feed. This is due to their ability to be easily absorbed in the body for the normal functioning of protein synthesis. This increases the absorption of minerals directly in the intestinal wall, along with amino acid ligands, to which they are bonded.

 

Dry, by form, is estimated to account for the largest market share during the forecast period

 

The dry segment accounted for the largest share in 2019, as trace mineral products in the dry form enable the hygienic supply of these ingredients, and the feeding system is comparatively easy to manage. Furthermore, the ease of mixing dry form of trace minerals into the total feed, relative cost-effectiveness as compared to the liquid form, and its long shelf life are some of the other key factors encouraging its use in dry form. Trace minerals are mostly available in the dry form, as they are easy to mix with feed products in the appropriate quantity. For instance, the powdered copper and zinc could be mixed in the ratio of a billion parts of copper or just one part of zinc. Additionally, other minerals and trace minerals in powdered form could be mixed in similar ratios, without causing a reaction. Furthermore, chelated trace minerals in the dry form find application in various livestock. In addition, when mixed with dry feed, they are often absorbed more efficiently by the body, if supplied rather than used as supplements.

 

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Asia Pacific is estimated to hold the largest market share during the forecast period

 

The trace minerals in feed market is estimated to grow significantly in the Asia Pacific region due to the rise in demand for poultry meat and poultry byproducts as well as ruminants from the major economies such as China, India, Japan and other South East Asian countries as they experience a surge in the increase in number of health -conscious consumers. With the increase in awareness amongst consumers about the essential nutrients requirement in daily diet, have increased the demand for protein rich meat. In Asia Pacific, trends around healthy lifestyles and prevention among older consumers trying to avoid expensive healthcare costs and extend healthy lifespans are generating growth opportunities dietary supplements. Thus, causing Trace minerals in feed to flourish in the region.

 

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 Trace minerals in feed market. It consists of the profiles of leading companies such Cargill, Incorporated (US), (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Alltech (US), Zinpro (US), Orffa (Netherlands), Novus International (US), Kemin Industries, Inc. (US), Lallemand, Inc. (Canada), Virbac (France),  Global Animal Nutrition (US), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe (Germany),  Veterinary Professional Services Ltd. (Vetpro) (New Zealand), Chemlock Nutrition Corporation (US), dr. eckel animal nutrition gmbh & co.kG (Germany),  Vetline (India), Green Mountain Nutritional Services Inc. (US), Biorigin (Brazil), Tanke (China), JH Biotech, Inc. (US), QualiTech, Inc. (US)..

Textured Vegetable Protein Market to Showcase Continued Growth in the Coming Years

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).

Dairy Testing Market to Witness Unprecedented Growth in Coming Years

The report "Dairy Testing Market by Type (Safety (Pathogens, Adulterants, Pesticides), Quality), Technology (Traditional, Rapid), Product (Milk & Milk Powder, Cheese, Butter & Spreads, Infant Foods, ICE Cream & Desserts, Yogurt), and by Region - Global Forecast to 2026" The global dairy testing market is estimated to be valued at USD 5.5 billion in 2021 and is projected to reach a value of USD 8.1 billion by 2026, growing at a CAGR of 8.2% during the forecast period. Increase in consumer awareness regarding the safety and quality of food products, stringent regulations imposed by the regulatory bodies, and increased in the global dairy trade, have been driving the global dairy testing market.

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The milk & milk powder segment is estimated to witness the largest growth in the dairy testing market, in terms of value, in 2021

 

Among different types of dairy products, milk & milk powder segment accounted for the largest share in 2021. Milk & milk powder may be contaminated due to poor hygiene conditions during processing, storage, and transportation. Milk powder is a direct substitute for fluid milk; hence, used in varied applications, including bakery, dairy, and infant nutrition. As an after-effect of COVID-19 lockdown, an evident dip in sales and stockpiling of unsold milk powder has been plaguing the dairy industry.

 

The Campylobacter in the pathogen segment is estimated to account for a larger market share in the dairy testing market, in terms of value, in 2021

 

The most common pathogens in milk and dairy products include Bacillus cereus, Listeria monocytogenes, Yersinia enterocolitis, Escherichia coli, Salmonella, Yersinia enterocolitis, and Staphylococcus aureus. The contaminated milk or dairy product, upon consumption, can cause several diseases in human beings. Campylobacter is a gram-negative, spiral-shaped, and extremely motile bacterium responsible for food contamination and poisoning. The bacterium is found in the tract of warm-blooded animals such as cattle, sheep, pigs, dogs, and goats, and in birds, especially poultry. In humans, campylobacter can cause diarrhea, cramping, abdominal pain, and fever.

 

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The rising demand for dairy testing in the European markets has created opportunities for dairy testing service providers.

 

The Europe region is the dominant market for dairy testing and is expected to experience the fastest growth only second to Asia-Pacific. The major producers of milk in the EU region are Germany, France, Poland, the Netherlands, Italy, and Spain. Together these countries account for around 70% of the total milk production. Globalization has increased the international trade of milk and dairy products and has had a major impact on global dairy supply. However, the increase in trade has resulted in higher risk of contaminated milk and dairy products reaching dairy producers and processors, and end consumers in distant markets due to instances of cross-contamination, exposure to toxins, microorganisms, and other contaminants. Manufacturers have been using dairy testing services to ensure safety and quality of their products and to comply to the international standards.

 

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies operating in the dairy testing market. It includes the profiles of leading companies such as SGS SA (Switzerland), Bureau Veritas (France), Eurofins (Luxembourg), Intertek (UK), TÜV SÜD (Germany), TÜV NORD GROUP (Germany), ALS Limited (Australia), Mérieux NutriSciences (US), Neogen Corporation (US), Romer Labs (Austria), Microbac Laboratories (US), AsureQuality (New Zealand).

Latest Regulatory Trends Impacting the Meal Replacement Market

According to MarketsandMarkets "Meal Replacement Market by Product Type (Ready-to-Drink, Bars, Powder), Distribution Channel (Offline and Online), and Region (North America, Europe, Asia Pacific, South America, and RoW) - Global Forecast to 2026", The global meal replacement market has been influenced by changing consumer lifestyles, people are inclined toward meals that are full of nutrition, vitamins, minerals, and other dietary supplements. The growth in the number of health-conscious consumers across the globe is proliferating the demand for meal replacement products.

 

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Powder segment is the largest market for meal replacement market globally.

 

Powders are consumed in the form of shakes with the addition of water or low-calorie milk. The rapid adoption of meal replacement powder as a part of weight management will drive the market for meal replacements products. Meal replacement powder is mixed with water or milk of choice (low-calorie, plant-based, low-fat, toned milk, flavored milk, among others) for consumption. These are available in various flavors, the most popular being chocolate, vanilla, and strawberry. Various companies are into the manufacturing of powder form meal replacement products such as Nestle and Huel. Nestle offers meal replacement chocolate cacao powder and has presence in various regions such as Middle East, Africa, North America, Asia Pacific and Europe.

 

Online segment is witnessing a high growth rate for the meal replacement products during the forecast period.

 

Online segment is witnessing a high growth rate owing to the rising smartphone and internet penetration, which is increasing the sales of online meal replacement products. COVID-19 has changed the purchasing pattern of the consumers globally. Consumers are now purchasing products online and choosing the health safety and convenience over the offline purchasing experience globally. In addition to this, increasing internet penetration in under developed countries will also drive the online segment growth.

 

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North America holds the largest market share for meal replacements products in 2021

 

In 2021, North America accounted for a market share of 29.28% in the global meal replacement market. The market in the region is highly diversified, and manufacturers are strongly focusing on the development of new meal replacement products to cater to the demand from end users. Although North America holds the largest share, the meal replacement market is matured and is projected to grow at a steady CAGR of 4.6% during the forecast period.

 

The key players in this market include Abbott Laboratories (US), Amway (US), Glanbia PLC (Ireland), Herbalife Nutrition (US), and Nestle (Switzerland).