Pesticide Inert Ingredients Market to Showcase Continued Growth in the Coming Years

The pesticide inert ingredients market is projected to grow at CAGR of 6.14% from USD 3.5 billion in 2018 to 4.7 billion during the forecasted year of 2023. The pesticide inert ingredient is added to the active ingredients to formulate the pesticide final product. When the inert ingredient is added to the formulation, it modifies the surface tension between pesticide spray drops and plant leaf surface to achieve better wetting, distribution, and penetration quality, resulting in an enhanced pesticide effect. The effectiveness of a pesticide increases manifolds with the addition of inert ingredients. The global market for pesticide inert ingredients is projected to grow at a steady rate, and the growth of the market is highly dependent on the requirement of crop protection products for improving the quality of crops. 

 

 

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The inert ingredients of a pesticide product potentially constitute up to 99% of the pesticide formulation and have been a confidential composition and therefore withheld by most of the pesticide manufacturers on their labels. According to the National Center for Biotechnology Information (NCBI), inert ingredients have been legally kept hidden from public view despite their toxic nature; the primary factor was to protect industry trade secrets. However, the US regulatory authority, Environmental Protection Agency (EPA) has been working toward policy changes, which requires 100% disclosure of a pesticide product’s ingredients. The major issue with pesticides and the inert ingredients is associated with its handling and environmental degradation, which in turn, gives rise to the development of major technologies such as microencapsulation. The advent of microcapsules as a type of inert ingredient results in better handling of toxic active ingredients and also controls the optimum release of pesticides. Technological advancements in inert ingredients for pesticide formulations are inevitable to succeed in the biological agrochemicals industry. This is projected to encourage the adoption of the microencapsulation technology in the crop protection industry, which has proven effects on the target. These factors are projected to impact the overall pesticide inert ingredients market with its rapid growth rate.

 

On the basis of type, the carriers segment is projected to witness the highest growth from 2018 to 2023, due to high demand for pesticide inert ingredients, which can help in the efficient application of pesticide products on the crops. Although emulsifiers account for the largest share in the market due to their efficacy to form emulsions that help in the formulation of water-oil-based pesticides, the carriers segment is estimated to be the fastest-growing market. The use of pesticides may kill non-target pests due to the inefficacy of pesticide application; this can be overcome through the use of carrier inert ingredients. Due to this factor, the carrier segment is estimated to record the highest CAGR during the forecast period.

 

The steady increase in market demand for organic fruits and vegetable has led to a gradual shift from synthetic products to bio-based products across the supply chain of the pesticide industry, which includes every constituent that is organically sourced. The pesticide products are made of active as well as inert ingredients. Thus, to make the products organic, it is required to formulate these with materials, which are non-toxic or mildly toxic in nature. There are many companies including AstroBio and Chem21, which are producing bio-based solvents such as bio-ethanol, limonene, and 2-methyl tetrahydrofuran (2-MeTHF) for their usage in various industries. This creates an opportunity for major players of agrochemical industries to develop bio-based inert ingredients and term the formulated pesticide appropriate for organic use and meet with the growing demand in the market.

 

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On the basis of region, Asia Pacific is estimated to be the fastest growing market during the forecast period. 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 the countries. The major players in the global market are focusing on expanding into the market to explore the untapped potential, due to which the investments in the agriculture industry from the public sector are declining. The Asia Pacific region is one of the leading consumers of pesticides across the globe, though the region heavily depends on imports for 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 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 would increase in the future.

Probiotic Ingredients Market to Showcase Continued Growth in the Coming Years

The probiotic ingredients market was valued at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, at a CAGR of 8.5% from 2018 to 2023. The global demand for probiotic ingredients is increasing significantly due to the growing awareness among customers about its direct relation to digestive health benefits, the rising demand for high-nutrient foods, and the increasing demand for quality feed products. Scientists engaged in the bioengineering of probiotic strains are manipulating the genes of the strains to improve the tolerance of the microorganisms against pathogens, thereby aiding in improving the functional properties of conventional strains. Probiotic strains are projected to witness an increasing demand due to their stabilizing effect on the digestive system and its growth promoting potential. It also finds application as an immunity booster and could prove beneficial for reducing stress levels in end users. The Asia Pacific region is projected to hold the largest market due to the natural predisposition among consumers in this region for taking supplements. The ban on the use of antibiotic growth promoters (AGPs) due to its adverse health effects on animals and humans is also driving the demand for probiotics as well as probiotic strains and is projected to present opportunities to the existing and new market entrants. 

 

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Probiotic ingredients market, on the basis of application, mainly constitutes of four segments – functional foods & beverages, animal nutrition, pharmaceuticals, and others, which include cosmetics and personal care. The demand for probiotic ingredients is driven by the increased focus among consumers on purchasing healthy food. Some of the common functional foods that contain probiotic strains are fresh and fermented milk, yogurt, and cheese. Increasing number of dairy and non-dairy products are witnessing the increased application of probiotic strains in functional foods such as granola bars, frozen yogurt, cereals, and juices.

 

The probiotic ingredients market, by source, is segmented into bacteria and yeast. Yeast segment is estimated to be faster growing since it is relatively cheap, stable, and more robust. The bacterial segment is estimated to hold the larger market share as it has more health benefits associated with it. Also, the number of bacterial strains available for application as probiotic strains is more compared to yeast.

 

The ban on the antibiotic growth promoters in feed, increasing demand for probiotics in developed economies, and the increased awareness among livestock farmers are some of the opportunities in this market. The participation of government bodies such as Probiotics Association of India, Indonesian Society of Scientific Association for Probiotic and Prebiotic, European Scientific League for Probiotics, European Food and Feed Cultures Association, Dairy Research Centre at University of Laval in R&D of probiotics and increasing global demand for superior-quality feed products are some factors that are driving the market for probiotic ingredients.

 

The major players in the industry are focusing on expanding their business through agreements, product launches, and partnerships in the arena of probiotic strains, to meet the growing consumer demand for them to be applied in functional foods and pharmaceutical end products.

 

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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.

Animal Disinfectants Market to Showcase Continued Growth in the Coming Years

The report "Animal Disinfectants Market by Application (Dairy Cleaning, Swine, Poultry, Equine, Dairy & Ruminants, and Aquaculture), Form (Liquid and Powder), Type (Iodine, Lactic Acid, Hydrogen Peroxide), and Region- Global Forecast to 2027", size is estimated to be valued at USD 3.2 billion in 2022. It is projected to reach USD 4.6 billion by 2027, recording a CAGR of 7.6% during the forecast period. The growth of the animal disinfectants market is attributed to the increasing trade of sanitation amidst this COVID-19 pandemic and increasing demand for meat and other animal products among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Animal disinfection is a technique that involve cleaning both the animals such as swine, equine, ruminants, poultry, and fishes and the surfaces to guarantee that microbial and other illnesses do not affect the animals or enter the food chain through the production process at the facilities. The animal disinfectants market is witnessing significant growth due to the increasing consumption of meat products in developing countries such as India, China, South Africa, and Brazil, compelling manufacturers to increase production.

 

 

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By type, the iodine segment is estimated to account for the largest share in the animal disinfectants market in 2022.

 

On the basis of product type segment, the iodine segment is estimated to dominate the animal disinfectants market in 2022. In recent years, China is being observed as an emerging country in the animal disinfectants market due to the increasing awareness in sanitation and increasing livestock production. For effective cleaning and disinfection, manufacturers use chemicals such as lactic acid, glycolic acid, phenolic acid, hydrogen peroxide, peracetic acid, and iodine in various chemical disinfection. However, the use use of iodine has dominated the use of all other compounds owing to its easy availability and wide applicability.

 

By application, dairy cleaning segment is projected to be the fastest-growing segment during the forecast period in the animal disinfectant market

 

During the forecast period, the dairy cleaning segment is projected to grow at the highest CAGR in the animal disinfectants market, in terms of value. Disinfectants are widely used in the dairy industry for cleaning dairy equipment. The cleaning of dairy cattle involves removing equipment and bedding before cleaning. The nature of the surfaces will influence the disinfection process. Rough and porous surfaces are difficult to disinfect in comparison to smooth surfaces. Both the milking parlor and milking machines must be cleaned daily to ensure more hygienic products.

 

The Europe is estimated to dominate the animal disinfectant market in 2022

 

The Europe is estimated to account for the largest market share in the animal disinfectants market in 2022. The disinfectant industry in Europe offers the animal disinfectants market a large consumer base with opportunistic growth prospects. The growth of this market in the region is projected to be driven by developments in the livestock and meat industry in the Eastern European countries. Increasing consumption of meat products in this region has also compelled manufacturers to source and export of animal disinfectants to other parts of the world for an uninterrupted supply of advanced disinfectants.

 

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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 Neogen Corporation (US), GEA (Germany), Lanxess AG (Germany), Zoetis (US), Kersia Group (France), CID Lines (Belgium), Albert Kerbl GmbH (Germany), PCC Group (Germany), Laboratoires Ceetel- CMPC (France), G SheperdAnimal Health (UK), Sanosil AG (Switzerland), DeLaval Inc. (Sweden), Diversey Holdings Ltd. (US), Fink Tec GmbH (Germany), Evans Vanodine International PLC (UK), Virox Animal Health (Canada) and Kemin Industries (US)

Coconut Oil Market to Showcase Continued Growth in the Coming Years

The global coconut oil market is estimated to be valued at USD 5.4 billion in 2022. It is projected to reach USD 7.5 billion by 2027, recording a CAGR of 5.5% during the forecast period. Coconut oil is a yellowish-white solid or semi-liquid available in the form of edible oil. It is extracted from the wick, meat, and milk of the coconut palm fruit and has a low percentage of unsaturated fatty acids and is up to 90% saturated fat with no cholesterol content. The types of coconut oils available in the industry can be classified as RBD, virgin, and crude serving various applications in the field of food & beverages, cosmetic, pharmaceuticals and many others.

 

 

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Key players in this market include Cargill (US), Archer Daniel Midlands Company (US), Bunge Limited (US)

 

Cargill is engaged in the manufacturing and marketing of food ingredients, risk management, agricultural products, financial and industrial products, and services worldwide. The company covers 75 businesses under its four major categories: food ingredients & application, animal nutrition & protein, origination & processing, and industrial & financial services. The company offers coconut oil under the food ingredients & application segment. Cargill functions in 70 countries through its subsidiaries and affiliates. The subsidiaries through which Cargill works include The Mosaic Company (US), NatureWorks LLC (US), and The Wilbur Chocolate Company (US).

 

Archer Daniel Midlands Company (ADM) Archer Daniels Midland Company (ADM) is primarily engaged in producing food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company operates through four business segments: agriculture services and oilseeds, carbohydrate solutions, nutrition, and others. ADM offers coconut oils under its food & beverage solutions segment. Coconut oil from ADM offers a great-tasting, fast melting option with various uses as it contains medium-chain fatty acids found in medium-chain triglycerides (MCT). The company consists of more than 800 plants, 321 food & feed processing facilities, 61 innovation centers, and 449 crop procurement locations globally. It has an extensive transportation network to procure, store, clean, and transport agricultural commodities.

 

Bunge Limited is a leading global agribusiness and food company with integrated operations that stretch from farmer to consumer. The company has divided its business into five segments, namely, agribusiness, refined and specialty oils, milling, sugar and bioenergy, and plant proteins. The refined and specialty oils segment comprises businesses that sell vegetable oils and fats, including oils shortenings, margarine, mayonnaise, and specialty ingredients. The company offers coconut oil under the refined and specialty oils segment. Bunge Limited has more than 300 port terminals, oilseeds processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.

 

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North American coconut oil market is completely driven by the US market. The US coconut oil industry has witnessed technological advancement, which has increased its usage in various industries. In the US, coconut oil is primarily used in organic form in the confectionery products a s a health beneficial. It is also used as a base for gelling agents in confections, for thickeners in products such as pastry and pie fillings, and in instant puddings. The growing trend of ready-to-eat meals and processed food is also driving the coconut oil market in the region. Coconut oil is frequently used in food applications due to its functional properties.

Biofertilizers Market to Showcase Continued Growth in the Coming Years

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 the organic food industry, increasing usage of biofertilizers in ranch and private firms, are some of the factors driving the growth of biofertilizers.

 

 

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Key players in this market include 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).

 

New product launches, expansions, investments, acquisitions, and collaborations were the key strategies adopted by the leading players in the biofertilizers with a view to improve their product line and presence in the market.

 

Novozymes A/S (Denmark) is a global biotechnology company that is primarily engaged in the production and marketing of enzymes, microorganisms, and biopharmaceutical ingredients. The company manages its business through two major segments: enzymes and bio-business. The company has over 700 products which are used in 130 countries.

Novozymes operates globally through its subsidiaries and partnerships with other companies. It carries out its operations in a number of countries around the world, including China, India, Brazil, Argentina, the UK, the United States, and Canada. The company sells biofertilizers products through its subsidiary, Monsanto BioAg (US). The major subsidiaries of the company are Novozymes Japan Ltd (Japan), Novozymes Biologicals Inc. (US), Novozymes Biologicals Limited (Canada), Novozymes Australia Pty Ltd (Australia), Novozymes South Asia Pvt. Ltd India), and Novozymes Spain S.A. (Spain).

 

Lallemand, Inc. (US), is a privately held company that focuses on the development, production, and marketing of yeasts and bacteria. Its chief business groups are animal nutrition, banking, bio-ingredients, biofuels & distilled spirits, oenology, plant care, brewing, health solutions, manufacturing services, and pharma. Lallemand Plant Care, a part of the company, is committed to producing and supplying fungal, bacterial, and yeast biocontrol products, biofertilizers and biostimulants for application in forestry, agriculture, horticulture, turf management and consumer gardening.

 

The company conducts its plant care business through its VerderaQy (Finland) and ITHEC (France) subsidiaries. It has strong research facilities and analysis services, including a wide range of analysis and diagnosis of plant pathogens and other pests to develop new biocontrol products. Lallemand has its geographical presence in South America, North America, Europe, southern Africa, and the Asia Pacific region. Lallemand Animal Nutrition (UK) and Lallemand Plant Care (Canada) are its few subsidiaries.

 

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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.

Food Enzymes Market to Witness Unprecedented Growth in Coming Years

The global 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 demand for food enzymes is increasing significantly, as they are used widely across various food & beverage applications due to its functional properties.

 

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Key players in this market include DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen (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), Enzyme Bioscience Private Limited, 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).

 

Novozymes (Denmark) is a major bio-innovation company providing biological solutions, which involves the application of enzymes and microbes. The company offers various products, which cater to industries, such as household care, food & beverage, bioenergy, agriculture & feed, and technical & pharma. Novozymes has been introducing new products for making its product portfolio diverse. In addition, the company is focused on expanding its global presence to prosper in the food enzymes market. Currently, it has been catering to all the major regions, such as North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. It focuses on innovation activities to identify new opportunities in the food enzymes market. For instance, in May 2019, Novozymes announced the launch of a new enzymatic solution for the Chinese corn milling industry "Frontia Jade" targets ‘wet milling’, which is the first step in the starch conversion process. The product helps mills achieve better starch yields while reducing energy consumption and costs.

 

DuPont is a world-class multi-industry specialty solutions company with large global businesses aligned with growing, attractive end markets. It offers a wide range of food enzyme products under their “nutrition and biosciences” division. “Danisco” is the company’s major brand under which DuPont offers numerous quality food enzyme solutions. Their products enhance food freshness, optimize production, add texture, ensure quality, and reduce costs of the overall food products in the end-use sectors, such as dairy, confectionery, bakery, meat, and beverages.

 

DuPont has a strong market position in the global markets and has also established a strong distribution network. It is identified as a star player in the global food enzymes market. The company undertook a merger with International Flavors and Fragrances Inc. (US) in 2021, which has further strengthened its product portfolio for food nutrition solutions. With the merger of IFF and Danisco, Danisco has been able to offer innovative solutions across various regions. In April 2021, IFF (a part of DuPont) announced the launch of Nurica enzyme in China, offering a new solution for dairy producers to create a premium product to fulfill consumer health needs while increasing profitability. Nurica is IFF’s latest innovation for the Chinese market and is marketed under the Danisco range of food ingredients.

 

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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.

Upcoming Growth Trends in the Rodenticides Market

The global rodenticides market is estimated to be valued at USD 5.3 billion in 2022. It is projected to reach USD 7.1 billion by 2027, recording a CAGR of 5.8% during the forecast period. The rodenticides market is witnessing significant growth due to the rise in economic activities, an increase in residential and commercial construction activities, and the growth in awareness of public and environmental health.

 

 

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According to the National Pesticide Information Center (US), ‘Rodenticides are pesticides that kill mice and rats.’ Even though rodents play an important role in nature, they are increasingly required to be controlled, as they damage crops, transmit diseases, and in some cases, cause ecological damage. Rodenticides are formulated as baits, which are designed to attract rodents.

 

Key players in this market include Basf Se(Germany), Bayer Ag(Germany), Syngenta Ag(Switzerland), UPL Limited(India) & Neogen Corporation(US)

 

BASF SE is a leading company that produces a wide range of chemical products. It operates via six business segments, namely chemicals, industrial solutions, materials, nutrition & care, surface technologies, and agricultural solutions. BASF’s agricultural solutions segment includes functional crop care, biotechnology, turf, ornamentals and landscape, pest control, and animal nutrition. BASF uses innovative active ingredients and technologies in a wide range of pest control products to eradicate pests, such as bed bugs, termites, ants, flies, and rats. It offers innovative formulations of insecticides and rodenticides that are comparatively effective. The company has a global presence in regions, such as Asia Pacific, North America, Europe, South America, Africa, and the Middle East. In Nov 2020, BASF SE (US) launched Selontra rodent bait in Europe. It is a soft bait formulation based on the active ingredient, cholecalciferol, which makes the product three times more effective than the standard anticoagulant rodenticides.

 

Bayer AG is a global leader in agriculture research and solutions; it operates through four segments—pharmaceuticals, consumer health, crop science, and animal health. It also supplies high-quality food products, feed, and plant-based raw materials, and helps in promoting the sustainable use of natural resources. It also offers herbicides, corn seed & traits, soybean seed & traits, insecticides, fungicides, vegetable seeds, and digital agriculture solutions. Bayer AG’s subsidiary, Bayer CropScience, is involved in the development of crop protection, non-agricultural pest control, and plant biotechnology. The company produces highly palatable and fast-acting rodenticides, which are designed for professional use. These rodenticides are highly effective against all types of rodents. It has a presence in over 120 countries across the globe. The company primarily operates in Europe and has an active presence in North America, Latin America, Africa, the Middle East, and Asia Pacific. In Aug 2019, Bayer entered into a partnership with UrbanClap (India), which would facilitate the pest control products to UrbanClap for effective and safe pest management solutions for consumers in the residential segment.

 

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The Asia Pacific market is completely driven by the country markets of China, India, Japan, Australia, Thailand, Indonesia and few other Asian counties. As the world’s largest and most populous region, Asia Pacific is one of the key markets for rodenticides. Rodents are common pests present in agricultural fields. Annually, extensive volumes of agricultural produce are destroyed and contaminated by rodents. To meet the increase in demand for food products and to reduce the crop damages caused by rodents, the use of rodenticides has increased significantly in the region. The food retail, food manufacturing, pharmaceutical, hospitality, and residential sectors are expected to be major growth verticals in this market.Asia Pacific is expected to be the fastest-growing region during the forecast period due to several reasons. One of the major drivers of the market is the fact that agriculture is one of the most significant revenue-generating sectors in China and India. The growing population within the region is urging the farmers to provide a maximum yield to fulfill the demand of the increasing population. In such cases, the increasing crop damage and decreasing food production due to rodents are expected to leverage this market positively.