Dietary Supplements Market Growth by Emerging Trends, Analysis, & Forecast

According to MarketsandMarkets, the Dietary Supplements Market is estimated at USD 155.2 billion in 2022; it is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027.

The impact of COVID-19 will further shift the demand towards dietary and nutritional supplements. Food supplements are likely to experience high growth due to the ongoing pandemic. The impact of COVID-19 and the severity of the coronavirus has highlighted the importance of immunity. The link between immune function and nutrition is further projected to drive the adoption of dietary supplements.

 

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The vitamin segment is projected to be the fastest-growing throughout the forecast period.  Vitamins differ from other biologically important molecules like proteins, carbohydrates, and lipids in various ways. Although the latter substances are also required for proper body functions, animals can synthesize almost all of them in adequate quantities. Vitamins, on the other hand, cannot be synthesized in sufficient amounts to meet body requirements and must therefore be obtained through the diet or from a synthetic source. For this reason, vitamins are referred to as essential nutrients.

 

The rising number of health-conscious consumers has triggered the demand for additional dietary supplements. In the pharmaceutical industry, some dietary supplements play an important role in the treatment of several diseases. Athletes and sports personnel view dietary supplements as performance-enhancing products. Hence during the forecast period, these additional segments are expected to witness a faster growth rate in terms of value sales.

 

Tablet is the most preferred mode of application of Dietary Supplements as they provide long lasting benefits. Tablets are widely used and offer convenience, affordability, a wide range of dosing patterns, simple packaging, storage, and cost effectiveness. Tablets also have a longer shelf life than other types of dietary supplements, making them more popular. Their compressibility ensures that they can hold more nutrients than a capsule while being compact. Tablets can be crushed and mixed into a drink for those who cannot swallow pills

 

Rising instances of vitamin deficiency and growing awareness about the health benefits of dietary supplements will drive the overall growth of the adults segment. The top three most common dietary supplements used by adults were multivitamin-mineral, vitamin D, and omega-3 fatty acids. Government programs, such as the Supplemental Nutrition Assistance Program (SNAP) or the Food Distribution Program on Indian Reservations (FDPIR), serve as a resource for low-income adults by supplementing food budgets to support healthy lifestyles.

 

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North America accounted for the largest share of the dietary supplements market during the forecast period. The large share of North America can be attributed to the rising prevalence of chronic diseases and the increasing awareness among consumers regarding the health benefits of dietary supplements. The market for dietary supplements in North America is moving toward maturity, due to which it has witnessed steady growth. The market is favorable for innovative and new ingredients of better and enhanced quality.

Agricultural Adjuvants Market Growth Opportunities by 2027

According to MarketsandMarkets, the Agricultural Adjuvants Market size is estimated to be valued at USD 3.7 Billion in 2022 and is projected to reach USD 4.7 Billion by 2027, recording a CAGR of 5.2% during the forecast period in terms of value. The agricultural adjuvants market is expected to witness significant growth due to factors such as the growing demand for sustainable agricultural practices, the increasing harvested area of industrial and high-value crops, and a surge in the number of investments from key players in this market. The increasing use of crop protection chemicals in developing countries to combat pest attacks encourages manufacturers to develop in-formulation adjuvants suitable for these regions. Key players such as Evonik Industries, Clariant, and Solvay focus on developing multifunctional adjuvants that cater to various applications.

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The US and Canada are the primary consumers of pesticides in the North American region. Also, the adoption rate of modern agricultural practices in the US is higher than in Canada and Mexico. Due to the increasing presence of production facilities by prominent players for adjuvants in the US, the consumption of agricultural adjuvants in terms of volume is projected to remain higher in this country than in the other two. However, due to the growing agricultural industry in Canada and the rising adoption rate of efficient agricultural inputs to reap maximum crop output, Canada is expected to register the highest growth among the three North American countries.

 

Based on function, the utility adjuvants segment is projected to dominate the agricultural adjuvants market in the forecasted period. The demand for utility adjuvants remains high in developed countries due to the introduction of strict regulations on pesticide usage and increasing government support for a sustainable foliar spray of pesticides. However, due to their high cost, the adoption of adjuvants in developing countries is low. Hence, utility adjuvants are projected to offer lucrative growth opportunities for manufacturers in developed countries during the forecast period.

 

Among various adoption stages, tank-mix agricultural adjuvants are anticipated to witness the highest growth rate over the forecast period. The addition of tank-mix adjuvants is preferred for applications such as aerial spray and low-volume spray, as it offers optimal performance. Many companies are investing in R&D activities for developing environment-friendly and effective tank-mix adjuvant solutions.

 

Based on application, the herbicides segment is projected to dominate the agricultural adjuvants market. Adjuvants are widely used in spray mixtures with pre-plant burndown or in-crop post-emergence (POST) herbicide applications. Pre-emergent herbicides help in preventing weeds from long-term growth, and post-emergent herbicides work on the already grown weeds. Post-emergent herbicides are the most popular substances in weed control.

 

Among various crop types, fruits & vegetables is estimated to witness the highest growth rate during the forecasted period. Fruits and vegetables have become an indispensable part of daily diets, particularly with the growing awareness regarding their nutritive value. The consumption of fruits has witnessed a significant increase in the past two decades, and this trend is projected to continue in the coming years.

 

Based on formulation type, suspension concentrates is estimated to hold the largest market share in 2022. Suspension concentrates (SCs) are the most preferred end-product formulations in the market because they are safer to use on crops than emulsifiable concentrates. This is a key factor driving market growth in the coming years.

 

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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 Corteva Agriscience (US), Evonik Industries (Germany), Croda International (UK), Nufarm (Australia), Solvay (Belgium), BASF SE (Germany), Huntsman Corporation (US), Clariant AG (Switzerland), Helena Agri-Enterprises LLC (US), Stepan Company (US), Adjuvant Plus Inc. (Canada), Wilbur-Ellis Company (US), Brandt, INC. (US), Plant Health Technologies (US), Innvictis Crop Care LLC (US), Miller Chemical And Fertilizer, LLC (US), Precision Laboratories, LLC (US), CHS Inc. (US), Winfield United (US), KaloInc. (US), Nouryon (Netherlands), Interagro Ltd. (UK), Lamberti S.P.A (Italy), Garrco Products, Inc. (US), Drexel Chemical Company (US), and Loveland Products Inc. (US).

Growth Opportunities in the Water Soluble Packaging Market

 The report "Water Soluble Packaging Market by Raw Material (Polymer, Surfactant, and Fiber), End Use (Industrial, and Residential), Solubility Type (Cold Water Soluble and Hot Water Soluble), Packaging Type, and Region - Global Forecast to 2025" According to MarketsandMarkets, the water soluble packaging market is estimated to be valued at USD 2.8 billion in 2019 and is projected to reach USD 3.7 billion by 2025, recording a CAGR of 5.0%. The rapidly growing environmental and sustainability concerns across the globe and government initiatives to reduce the use of plastics are driving the market for water soluble packaging.

 

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The food & beverage and agriculture in industrial segment are projected to witness the significant growth during the forecast

 

Based on end use, the water soluble packaging market is segmented into industrial and residential, wherein industrial segment is sub-divided into pharmaceuticals, food & beverages, agriculture, chemicals, and water treatment. The food & beverages and agriculture segments are projected to witness significant growth during the forecast period due to the increasing concerns toward waste production due to high use of non-biodegradable plastics and their harmful effects on packaged food & beverages.

 

In the agriculture industry, chemical fertilizers wrapped with water soluble packets ease out the handling process. Also, dissolved packaging of the fertilizers cut down the packaging waste generation and leads to reduced cleaning costs.

 

The pouches segment is accounted to have the major share in the water soluble packaging market during the forecast period

 

By packaging type, the water soluble packaging market is segmented into pouches, bags, and pods & capsules. The pouches segment is estimated to account for the major share in the water soluble packaging market due to the high usage of water soluble packaging in the chemical industries. In the current scenario, most of the packaging is made of plastic for safe and secure handling and usage of detergent; water soluble packaging of detergent serves the purpose better. Detergent wastage can be minimized as water soluble packets or sachets can be made available to consumers for household and industrial cleaning. The water soluble packaging avoids direct contact with detergent as the product can be used without removing the package, which will ensure safe usage.

 

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The Asia Pacific region is projected to witness the fastest growth during the forecast period

 

The water soluble packaging market in Asia Pacific is projected to witness high growth due to the strong local and export demand. The rising population and growing number of manufacturing industries in Asia Pacific is the key factor driving the market for water soluble packaging. The manufactured product is used domestically as well as exported. China and Japan are the hubs for water soluble film production. In India, the population is increasing rapidly, and the country is striving for safe, better, clean, and healthy lifestyle. The water soluble packaging market will grow in these regions at a high rate.

 

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Lithey Inc. (India), Mondi Group (Austria), Sekisui Chemicals (Japan), Kuraray Co. Ltd. (Japan), Mitsubishi Chemical Holdings (Japan), Aicello Corporation (Japan), Aquapak Polymer Ltd (UK), Lactips (France), Cortec Corporation (US), Acedag Ltd. (UK), MSD Corporation (China), Prodotti Solutions (US), JRF Technology LLC (US), and Amtopak Inc. (US).

Plant Breeding and CRISPR Plants Market to Witness Unprecedented Growth in Coming Years

 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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Plant breeding techniques for the cereals & grains segment are projected to be widely researched during the forecast period.

 

Various countries have adopted molecular techniques such as marker-assisted selection (MAS) for plant breeding, due to the increasing demand for high yield from field and horticultural crop growers. Corn is a major crop that finds application in various industries across the world; biotechnological techniques such as hybrid and molecular breeding are increasingly adopted for corn by all plant genetic breeders. Also, the genetic data available for corn is higher, followed by wheat.

 

The higher adoption of genetically modified crops such as corn, wheat, and rice in the US, Brazil, and China (only imported for feed purpose) has been a major factor contributing to the growth of the cereals & grains segment in the plant breeding market.

 

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

 

Since the cultivation of GM crops has been adopted in all regions except Europe, the genetic engineering technique is projected to exhibit a sluggish growth in the coming years due to strong regulatory control of its practice in many countries. This holds true for CRISPR technology as well. Though, the CRISPR technology in agriculture promised exponential growth while its emergence, regulations by Europe in line with genetic modification, affected the adoption rate of CRISPR gene editing tool. However, since the molecular breeding technique is based on molecular markers for trait selection, it is completely unregulated across the globe; hence, the segment has higher growth potential in comparison with all other breeding techniques.

 

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North America is estimated to dominate the market in 2018, while the Asia Pacific is projected to witness the fastest growth through 2023.

 

The increasing industrial value for corn and soybean in the US has been encouraging breeders to adopt advanced technologies for better yield, owing to which the adoption rate for crop genetics in this country has been high. Also, the limited regulatory control and high promotional support for intellectual property affairs in genetic technology have been extremely favorable toward the adoption of plant biotechnological tools in agriculture. Hence, North America dominated the global plant breeding market in 2017. On the other hand, there has been an ever-increasing demand for commercial seeds in the Asian market, in line with the improving economic 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.

 

This report includes a study of development strategies of leading companies. The scope of this report includes a detailed study of major seed manufacturers that have in-house plant breeding facilities; these companies include players such as Bayer (Germany), Syngenta (Switzerland), DowDuPont (US), KWS SAAT (Germany), Limagrain (France), and DLF Trifolium (Denmark), and also major service providers, such as Eurofins (Luxembourg), SGS SA (Switzerland), Pacific Biosciences (US), Benson Hill Systems (US), Hudson River Biotechnology (US), Evogene (Israel), Bioconsortia (US), and Equinom (Israel).

Upcoming Growth Trends 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).

Plant-based Meat Market to Witness Unprecedented Growth in Coming Years

 According to MarketsandMarkets analysis, the "Plant-based Meat Market by Source (Soy, Wheat, Blends, Pea), Product (Burger Patties, Strips & Nuggets, Sausages, Meatballs), Type (Beef, Chicken, Pork, Fish), Distribution Channel, Storage and Region - Global Forecast to 2027", is estimated to be valued at USD 7.9 billion in 2022. It is projected to reach USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027. The major factors to drive the growth of the plant-based meat market are growth in vegan and flexitarian population, rise in awareness about the health benefits of plant-based meat over animal-based meat products, increase in investment by government bodies and R&D activities, and investment of the major food industry giants in plant-based meat products.

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Soy account for the largest market share in the plant-based meat market

 

Based on the source, the soy segment dominates the market. Soy serves as an alternative to meat sources, such as pork, beef, and chicken due to its high protein content. The consumption of soy foods has recently risen in Western countries due to the adoption of vegetarian diets and being cholesterol-free as against animal-based proteins.

 

The beef segment is projected to account for the largest market share in the plant-based meat market during the forecast period

 

Based on type, the beef segment is projected to account for the largest market share in the plant-based meat market. Beef is usually considered a type of meat harvested from cattle and it is a nutrient-rich food, as it provides various essential nutrients. Plant-based beef provides similar characteristics to that of beef. Beef-related plant-based products, such as meat-free beef pieces, no-beef burgers, beef watercress, and beefsteak, are made from sources such as soy and wheat.

 

The burger patties segment is projected to grow at a significant CAGR in the plant-based meat market during the forecast period

 

By product, the plant-based meat market is segmented into burger patties, strips & nuggets, sausages, meatballs, and other products. The other products include slices, fillets, cutlets, fingers, and crumbles. Plant-based burgers are the most popular type of product that has gained consumer attention at a global level. They are designed and created to look and taste like conventional meat products.

 

The food retail segment is projected to account for the largest market share in the plant-based meat market during the forecast period

 

Based on the distribution channel, the food retail segment is projected to account for the largest share in the plant-based meat market. Food retail refers to operating retail, supermarket, hypermarket stores, and any other form of stores, where various products, such as grocery items, vegetables, uncooked meat, and frozen products, are made available to the consumers. This distribution channel is being used by established plant-based meat companies as well as startups to increase the penetration of their products in the market.

 

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Europe region holds the largest share in the plant-based meat market during the forecast period

 

Europe region is one of the fastest-growing regions in terms of consumption and production. The manufacturers in Europe are currently focusing on new product developments that include plant-based meat with better texture, appearance, and composition. The innovative product development in the region is backed by appropriate research and development facilities available in the 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 Beyond Meat (US), Kellogg Company (US), Impossible Foods Inc. (US), Maple Leaf Foods (Canada), Unilever (UK), Conagra Foods (US), Tofurky (US), Gold&Green Foods Ltd (Finland), Sunfed (New Zealand), and Monde Nissin (Philippines).

Feeding Systems Market to Showcase Continued Growth in the Coming Years

The report "Feeding Systems Market by Type (Rail-Guided, Conveyor Belt, Self-Propelled), Livestock (Ruminants, Poultry, Swine), Offering (Hardware, Software, Services), Technology (Manual, Automatic), Function and Region - Global Forecast to 2027" The global feeding systems market is projected to reach USD 3.9 billion, by 2027, at a CAGR of 7.7% from 2022 to 2027. The growing size of dairy farms, increasing focus of major companies on technological advancements as well as product launches and developments, and substantial cost savings associated with automated feeding systems are the major driving factors for the market. The market also faces some challenges like high capital requirements at the initial stage of installation, which may discourage small and medium-sized farms from automating the feeding process.

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Self-propelled feeding systems will have the highest CAGR during the forecast period in terms of value

 

The self-propelled feeding systems are advance and flexible solutions for the automatic feeding of livestock animals. The growing popularity of self-propelled feeding systems in Asia Pacific, mainly in countries such as Japan, China, Australia, and India, is expected to propel the growth of these systems during the forecast period.

 

Poultry to witness a greater demand for feeding systems in the coming years

 

The poultry industry witnesses the largest and the fastest growth in terms of animal production. According to an article by the Food and Agricultural Organization (FAO) 2021, globally, poultry meat is expected to represent 41% of all the protein from meat sources in 2030, which is expected to drive the global consumption of poultry products. Poultry meat production is one of the primary drivers of the feeding systems market. Manufacturers are increasingly directing their investments toward the development of innovative feeding system technologies for the production of various forms of high-quality poultry feed. The various types of systems that are now being used for poultry farms include automatic pan feeders, chain feeders, and round & hanging tube feeders.

 

The automated segment is expected to dominate the feeding systems market during the forecast period

 

Over the last couple of years, the advent of automated feeding systems and the ever-growing awareness about livestock health and safety have resulted in the emergence of automation in feeding management for different livestock farms, such as dairy farms, poultry farms, swine farms, and equine farms. With the increasing demand for quality livestock products, it has become important to monitor and measure the steps involved in livestock feeding. Few players like Trioliet B.V (Netherlands), DeLaval Holding AB (Sweden), and GEA Group (Germany) have introduced various automated feeding system products in the global market. For instance, Triolet B.V offers a range of automated feeding robots under its range called ‘Triomatic.’

 

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North America is projected to be the second largest market in feeding systems industry.

 

The importance of feeding systems is increasing in the region due to the increasing demand for performance-boosting feed for cattle and animal welfare. There has been an increasing shift from conventional to automated systems in the region over the last 30 years due to technological advancements and the high affordability of animal rearers in the region. North American farm owners are focusing on catering to the growing demand from consumers for dairy and meat products. This has led various companies in the global market to develop innovative feeding systems such as individual feeders and group feeders.

 

In North America, the demand for feeding systems has picked up rapid pace, particularly in the US. Seeing this demand, Lely (Netherlands) introduced Lely Park, its new commercial hub and complex, launched in June 2022. With this development, Lely will be able to greatly boost its production capacity to fulfill the rising needs of North American farmers.

 

The key players in this market include DeLaval (Sweden), GEA Group Aktiengesellschaft (Germany), Lely (Netherlands), Trioliet B.V. (Netherlands), VDL Agrotech (Netherlands), ScaleAQ (Norway), BouMatic (US), Pellon Group Oy (Finland), Rovibec Agrisolutions (Canada), CTB, Inc. (US), Afimilk Ltd. (Israel), Dairymaster (US), Maskinfabrikken Cormall A/S (Denmark), HETWIN Automation Systems GmbH (Austria), and JH AGRO A/S (Denmark).