Cocoa and Chocolate Market Growth by Emerging Trends, Analysis, & Forecast

According to a research report "Cocoa and Chocolate Market by Type (Dark Chocolate, Milk Chocolate, Filled Chocolate, White Chocolate), Application (Food & Beverage, Cosmetics, Pharmaceuticals), Nature (Conventional, Organic), Distribution and Region - Global Forecast to 2027" published by MarketsandMarkets, the global cocoa market is projected to reach USD 26.3 billion by 2027, growing at a CAGR of 4.5% from 2022 to 2027. The global chocolate market is projected to reach USD 160.9 billion by 2027, growing at a CAGR of 4.7% from 2022 to 2027.

 

 

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With the growing awareness about health, an increasing number of consumers are prioritizing their health and following specific diets with specific needs. This propels the demand for dark chocolate with high cocoa and less sugar. Cocoa is the major raw material required to manufacture chocolate. The slightest turbulence in the cocoa market would lead to price fluctuations. According to the International Cocoa Organization, the world’s largest supplier of cocoa is Africa, which accounts for 72% of the global production of cocoa. Ivory Coast and Ghana are the major countries producing cocoa, but these countries are also facing certain issues such as fair trade discrepancies, environmental issues, spells of government unrest, and reducing labor force as more population is leaving farming as an occupation and opting other professions Therefore, measures such as implementation of National Cocoa Development Plan (NCDP) in the member countries of ICCO are being undertaken to improve the production of cocoa. Initiatives like these gives a promising outlook towards fulfilling the rising demand for cocoa globally. The cocoa & chocolate market players are showing trends of pursuing both organic as well as inorganic strategies for their expansion, consolidation, and sustainability in the market. Developments and new product launches in chocolate and rise in the use of cocoa for cosmetics and pharmaceuticals are driving the market and is leading to an increased demand for cocoa.

 

Milk Chocolate segment is the fastest growing among the various types of chocolate during the forecast period

 

The market for chocolate, based on type, is segmented as dark chocolate, milk chocolate, filled chocolate, and white chocolate. The milk chocolate segment is estimated to dominate the chocolate market in 2022 and is anticipated to witness similar trends throughout the forecast period. Milk chocolate has low level of cocoa solids and is lighter and sweeter than dark chocolate. Dark chocolate segment has witnessed an upwards trend over the years owing to various health benefits associated with it due to the presence of high fiber, high iron, magnesium, potassium, and phosphorous content.

 

In the cocoa and chocolate market, organic nature segment is registering the highest growth during the forecast period

 

The cocoa market, based on the nature, is segmented into conventional and organic. In 2022, the conventional cocoa market segment is expected to dominate the market. The conventional cocoa products are easily available at low cost and is widely preferred. Due to the need for organic farming, high labour expenses, maintenance requirements, and other organic cocoa-related operating expenditures, organic cocoa ingredients and products are quite expensive. The organic cocoa segment, however, is estimated to witness a higher growth rate during the forecast period owing to its various health benefits and environment friendliness.

 

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Asia Pacific region is witnessing the highest growth rate in chocolate market

 

The Asia Pacific region is witnessing the fastest growth rate of 5.72% during the forecast period. The Chinese cocoa market, in terms of volume, is estimated to grow at a CAGR of 6.39%. This is attributed to the strong demand for chocolate in the country. Across Europe, Germany consumed the highest quantity of chocolate in 2021 followed by UK, and Belgium. United States accounted for the largest market share primarily driven by the large consumption of confectionary and bakery items. According to the Observatory of Economic Complexity (OEC), the US was the seventh largest exporter of chocolate in 2020, with key export destinations being Canada, Mexico, South Korea, Australia, and the UK. Growth in this region is attributed to the growing population, rise in per capita income, growing urbanization, and therefore, an increase in demand for chocolate-based products. Additionally, the nutritional benefits of chocolate are promoting the growth of chocolate in the region.

 

The key players in cocoa and chocolate market include Mars, Inc.(US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co. Ltd.(Japan), Ferrero International(Italy), Olam Group (Singapore), Barry Callebaut(Switzerland), Cargill Incorporated (US), Cocoa Processing Company (GHANA), Archer Daniel Midland (ADM) Company (U.S.), Chocoladefabriken Lindt & Sprüngli AG (Switzerland) and Pladis Global(UK) among others.

Agricultural Sprayers Market to Showcase Continued Growth in the Coming Years

According to a research report "Agricultural Sprayers Market by Type (Self-propelled, Tractor-mounted, Trailed, Handheld, Aerial), Capacity, Farm Size, Crop Type, Nozzle Type, Usage, Power Source (Fuel-based, Electric & Battery-driven, Manual, Solar), & Region - Global Forecast to 2027" published by MarketsandMarkets, the market for Agricultural sprayers is estimated at USD 2.5 billion in 2022. It is projected to reach USD 3.5 billion by 2027, recording a CAGR of 6.8% during the forecast period. With the growing world s population and the decreasing amount of arable land, the focus has shifted towards usage of modern agricultural techniques, like agricultural sprayers, to increase crop productivity. Increasing focus on farm efficiency and productivity, rising production of cereals & grains in Asian countries, and government support toward modern agricultural techniques are some of the major drivers driving the growth of the agricultural sprayers market.

 

 

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The self-propelled segment by type is projected to achieve the highest CAGR growth in the agricultural sprayers market.

 

Self-propelled sprayers are used to meet the large-scale productivity demand of crops. Although self-propelled sprayers have slightly higher initial costs, its lower application cost contributes to a higher ROI. Self-propelled sprayers can do the same job as pull-type machines for the same or less money, depending on the number of acres covered. A self-propelled sprayer becomes more cost-effective as the acres covered increases.

 

By capacity, the high volume sprayers is projected to account for the highest CAGR 6.4% in the agricultural sprayers market.

 

The most common equipment for applying fertilizer and pesticides is high volume sprayers. The tanks capacity is significantly higher than that of other types of sprayers, which extends the spraying period by reducing the amount of time spent traveling and filling the tank. The benefit of using high volume sprayers is that they last longer and provide the crop with proper penetration and coverage of fertilizers, insecticides, and other chemicals.

 

The large farm segment by farm size is projected to account for the second largest market share in the agricultural sprayers market over the forecast period.

 

Farms larger than 200 hectares in size fall within the large farm segment. Considering economies of scale, self-propelled sprayers in agriculture are most suited for large types of farms. A distinguishing agronomic or economic advantage in agriculture is the ability to fully capitalize on planting or weed control opportunities. As a result large farms are able to produce grain yields that are significantly higher. Additionally, the revenue generated by these farms is more than double per unit of land area.

 

The other crop type segment is projected to observe the highest CAGR of 6.9% in the agricultural sprayers market during the forecast period.

 

Sprayers are among the most important agricultural tools required for crop production. Pest and weed infestation are serious issue in floriculture crops, turf, and ornamental plants, and there is a crucial need to prevent the infestations in fields which has led to increase in demand for agricultural sprayers. A major factor for the growth of agricultural sprayers in the other segment is the increasing application of plant regulators and herbicides in turf and ornamentals.

 

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Asia Pacific is projected to achieve the Highest CAGR of 6.8% in the agricultural sprayers market.

 

India, Australia, Japan, and other nations in the Asia-Pacific region are traditional agricultural countries. Traditional agriculture relied primarily on human labor and draught animals. The majority of modern agricultural operations depends on machinery, particularly fast, potent tractors, combines, and implements. Tractors with mounted and trailed implements such as sprayers allow the mechanization of many agricultural operations. Due to the increasing average farm size, larger, more upgraded sprayers are being used to meet farm needs rather than older, less efficient ones. This will drive market growth in the Asia-Pacific region during the forecasted period.

 

The key players in this market include John Deere (US), CNH Industrial NV (UK), Kubota Corporation (Japan), Mahindra & Mahindra Ltd (India), STIHL AG (Germany), AGCO Corporation (US), YAMAHA Motor Corporation (Japan), Bucher Industries AG (Switzerland), DJI (China), Exel Industries (France), Amazonen Werke (Germany), B group Spa (Italy), Case IH (US), HD Hudson Manufacturing Co (US), and Buhler Industries Inc (Canada). 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.

Pest Control Market to Showcase Continued Growth in the Coming Years

The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026" estimated at USD 22.7 billion in 2021; it is projected to grow at a CAGR of 5.1% to reach USD 29.1 billion by 2026.

 

 

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Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.

 

Insects sub-segment in by pest type segment is estimated to account for the largest share in the pest control market.

 

There are more than a million described species of insects, with 90% of all animal forms on earth consisting of insects. Insects such as mosquitoes, ants, cockroaches, and tiny moths destroy household materials and may cause ill-effects on the human body. Of the different types of insects, certain species are classified as pests and are controlled using chemicals, biologicals, and other mechanical means. The use of chemicals is the mainstream method to reduce losses caused by insect pests. Thus they are estimated to dominate the by pest type segment.

 

In by control method segment, the software and services sub-segment is projected to account for the fastest market growth in the pest control market.

 

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.

 

Sprays sub-segment by mode of application is projected to account for the largest market share of the pest control market over the forecast period.

 

Spray-based pest control solutions incorporate a liquid formulation which is deployed either in an aerosol form, or a pressurized spray container. The spraying requirements may differ based on the pest type, climate conditions in the region, and the type of chemical used. Spray formulations are used to control a wide array of pests, including flies, cockroaches, ants, scorpions, silverfish, spiders, bed bugs, and ticks. Residual sprays are considered effective as the pesticides are mixed with adjuvants such as surfactants, which allow the pesticide to remain in contact with the infested area or insect body for a limited time.

 

Industrial sub-segment by application is projected to account for the fastest market growth in the pest control market over the forecast period.

 

Pest control in factories and manufacturing units is mandatory in the US. The mandate may differ on a case-by-case basis. For instance, pest control requirements in pharmaceutical and food manufacturing units are stringent to prevent any type of contamination in the product. In industrial facilities, factories, and manufacturing plants, certain birds cause serious problems as they may get caught in the machinery or dig holes in the roofs. The rapid urbanization globally is driving the market growth of the segment.

 

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North America is estimated to dominate the global pest control market over the forecast period.

 

According to reports by major service providers, Rentokil Initial Plc (UK) and Anticimex (Sweden), North America occupies nearly 50% of the global pest control market. This is attributed to the increase in the number of services available in the US and a high rate of urbanization in the US and Canada. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. These factors are driving the market in the region.

 

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. 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.

Growth Strategies Adopted by Major Players in the Specialty Fertilizers Market

According to a research report "Specialty Fertilizers Market by Technology (Controlled-release Fertilizers, Micronutrients, Water Soluble Fertilizers, and Liquid Fertilizers), Form (Dry and Liquid), Application Method, Type, Crop Type and Region - Global Forecast to 2027" published by MarketsandMarkets, the global specialty fertilizers market size is estimated to be valued at USD 24.3 billion in 2022 and is projected to reach USD 33.7 billion by 2027, recording a CAGR of 6.8% in terms of value.

 

 

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Usage of foliar mode of application to avoid deficiencies and reduce stress drives demand

 

Foliar fertilizer technology is a one-of-a-kind, dynamic, and efficient crop nutrition method. Foliar feeding is an excellent solution when the plant root system is not functioning properly or when nutrition from the soil is failing. When root uptake is hampered by factors such as cold or warm soils, high soil pH, high weed competition, or nematode infestation, this type of feeding is ideal. Foliar fertilizers are also ideal for preventive measures to avoid deficiencies and reduce stress.

 

Water-soluble fertilizers have been introduced exclusively for foliar feeding and fertilization. This application technique helps increase nutrient supply during the early growth stages when the roots are not well-developed. This method of applying liquid specialty fertilizers on crops, such as corn and soybean, has helped overcome possible limitations in crop nutrient uptake and increase the yield and efficiency of the nutrients used. The foliar mode of application is widely used to apply micronutrients, particularly iron and manganese. It is mostly used for many fruits, vegetables, and flower crops. Micronutrients can be foliar applied as liquid or suspensions to crops. Soluble inorganic salts of micronutrients are effective in foliar spray and lower in cost than synthetic chelates. For many horticultural crops, foliar application is preferred for correcting iron chlorosis. Foliar nutrient application can also correct occasional nutrient deficiencies or ensure that the plant’s nutrient needs are ‘topped up’ during critical stages of growth when soil nutrient supply is insufficient or during stressful periods such as heat or drought.

 

The ease of application of liquid specialty fertilizers is driving the market during the forecasted period

 

Liquid specialty fertilizers include micronutrient, slow-release, water-soluble, and other liquid fertilizers. These are simple to handle and apply. Pumps are used for movement, and they usually require less labor to handle. Liquid fertilizers contain one or more plant nutrients that are readily available. They have better tolerance limits for adverse conditions. To keep fertilizer particles from settling, suspension agents such as colloidal clay material are typically used. Suspension fertilizers are not meant to be stored for an extended period. True solution fertilizers can be stored if the temperature stays above freezing but salting out may be an issue in cold weather.

 

Liquid fertilizers can be applied either on the ground or on the leaves. They can also be broadcast and applied as a band at planting. When applied foliar, plant nutrients are absorbed through the leaves and are more readily available for plant use than when applied ground. However, the availability of foliar-applied nutrients is transient and does not last throughout the growing season. Foliar applications can help to correct mid-season deficiencies or supplement nutrients applied to the soil. According to Michigan State University, liquid fertilizer use in Michigan has steadily increased over the last 50 years. They accounted for roughly half of the market in 2018 because of their ease of handling and application. A custom blend and greater uniformity in application rate can be achieved with liquids.

 

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The growth of the specialty fertilizers market in Europe is driven by well-established distribution networks of Key players

 

Agriculture in Europe is driven by the adoption of advanced technologies for farming and the introduction of regulations for innovative agricultural products. Most of the arable farmland in Europe is used for cereal production. There has been a significant utilization of controlled-release and water-soluble fertilizers for fruit and vegetable crops in this region for their effectiveness in reducing the application of nitrogen-based fertilizers.

 

Recently, Europe launched the new European Fertilizer Products Regulation EU 2019/1009 on July 16, 2022. The regulation aims to standardize quality, safety, and labeling requirements for all fertilizing products, support the Farm2Fork strategy, and replace its predecessor EU 2003/2003, which regulated mineral fertilizers. To reduce environmental degradation and align with the EU’s Green Deal, key companies such as ICL have launched a new control release technology in urea administration in Europe in 2022. The technology, “ego.x’’ claims to leverage biodegradable release technology to enhance nutrient use efficiency by 80% and reduce nutrient losses to the environment by 50%. It is further claimed to help provide higher or similar yields with reduced frequency and fertilizer usage. The development is expected to help the European farmers who faced an average production decline of 10-20%. The European strategy, launched in mid-2020, aims at minimizing the environmental footprint of the agriculture industry by reducing fertilizer losses by at least 50% and reducing overall fertilizer use by at least 20% by 2030.

 

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 C Nutrien Ltd. (Canada), Yara (Norway), ICL (Israel), The Mosaic Company (US), CF Industries and Holdings, Inc. (US), Nufarm (Australia), SQM SA (Chile), OCP Group (Morocco), Kingenta (China), K+S Aktiengesellschaft (Germany), OCI Nitrogen (Netherlands), EuroChem (Switzerland), Coromandel International Limited (India), Zuari Agro Chemicals Ltd. (India), and Deepak Fertilizers and Petrochemicals Corporation Limited (India).

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)