Crop Protection Chemicals Market to Witness Unprecedented Growth in Coming Years

The global crop protection chemicals market size is estimated to be valued USD 63.7 billion in 2020 and is projected to reach a value of USD 74.1 billion by 2025, growing at a CAGR of 3.1% during the forecast period. The growth of this market is attributed to an increasing need for food security of the growing population. 

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Opportunity: Rapid growth in the biopesticides market and organic agriculture

Biopesticides are pesticides produced naturally, with minimum usage of chemicals. Since growing environmental considerations and the pollution potential and health hazards from many conventional pesticides are on an increase, the demand for biopesticides has been rising steadily in all parts of the world. Biopesticides are growing in popularity, due to their less or non-toxic nature as compared to synthetic pesticides. Moreover, biopesticides provide more targeted activity to desired pests, unlike conventional pesticides that often affect a broad spectrum of insects, birds, and mammalian species. Further, biopesticides can be very effective in small quantities, offering lower exposure and are quickly decomposable; they leave virtually no harmful residue after application.

The liquid segment, by form, is estimated to hold the largest share in the Crop protection chemicals during the forecast period.

Liquid forms of crop protection chemical products are preferred more by suppliers as well as end-users. Liquid forms offer a longer shelf-life with easy handling, transportation, and application. Also, they are cost-effective, eco-friendly, and sustainable. Companies are investing in the technological development of crop protection chemicals in liquid forms. The liquid forms of crop protection chemicals can either be water-based, oil-based, polymer-based, or their combinations. Typical liquid formulating lines consist of storage tanks or containers to hold active ingredients, inert materials, and a mixing tank for formulating the crop protection chemical products. Water-based formulations require inert ingredients such as stabilizers, stickers, surfactants, coloring agents, anti-freeze compounds, and additional nutrients. Examples of liquid forms are suspension concentrate, suspo-emulsions, and capsule suspension.

Cereals & grains, by crop type, is estimated to account for the largest market share during the forecast period.

The cereals & oilseeds segment accounted for the largest market share in terms of value; this is projected to grow at the highest CAGR during the forecast period. The demand for cereals & oilseeds is increasing significantly across the globe owing to the increasing demand for food.

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South America is estimated to hold the largest market share during the forecast period.

South America is an emerging agricultural powerhouse, growing at a rapid pace above the global growth average. Growth in this region is significantly contributed by the growth in Brazil and Argentina, which are the world’s most potent agricultural producers and are expected to grow well above the regional average. The economic growth in South America has been stimulated by democratization, economic reforms, and the foundation of the two trading blocs namely, Mercosur and the Andean Pact.

Regulatory framework in South America is quite weak as compared to North America and Europe. The South American Pesticide Action Network controls the regulatory issues in the region. The international trade system from the WTO for regional and bilateral trade deals also undermines national pesticide laws and threatens the ability of South American nations to prohibit dangerous chemicals from being used. This is especially observed in the case of WTOs demand for establishing certain common minimum standards for pesticides among countries. For instance, if a country wants to implement a stricter standard on pesticides as compared to the WTO, it could be recognized as a technical barrier to trade.

Probiotics in Animal Feed Market to Showcase Continued Growth in the Coming Years

The global probiotics in animal feed market is expected to reach revenue of USD 7.3 billion by 2026, at a CAGR of 8.8%. The global market was valued at USD 4.4 billion in 2020 and estimated to reach about USD 4.8 billion in 2021. The demand for probiotics in animal feed in fortified foods is projected to remain high due to the increasing awareness about their benefits, and willingness of consumers to purchase premium products incorporated with probiotics in animal feed. The use of probiotics in animal feed has shown positive effects on overall animal health. The market for poultry has been increasing gradually over the past decade with the growing demand for egg and poultry meat across the globe.

There has been an increase in the production of livestock species over the years. In addition, there are demand-side and supply-side factors, which have led to an increase in production. On the supply side, advancements in technology, including balanced feeding, precision feeding, and other factors, such as optimal addition of amino acids & mineral micronutrients, the development of improved pasture species, and animal husbandry systems, have helped in increasing the production of livestock. On the demand side, factors such as the increase in consumption of livestock products and the development of transportation, including long-distance cold-chain shipments, have made it easier for the trade and transport of animals, products, and feedstuffs. 

According to the World Health Organization, there has been an increase in the pressure on the livestock sector to cater to the increase in demand for animal proteins. The rise in population, incomes, and urbanization are the key factors contributing to the unprecedented growth of the livestock sector. The consumption of food products, such as meat, eggs, and milk, has been increasing. Due to the rise in urbanization, there has been the ease in access to the cold chain technology, which permits the trade of perishable goods. The increase in awareness among consumers about the health benefits associated with the consumption of animal protein, such as improved bone health, immunity, and reduction in protein deficiencies, is also one of the several factors due to which the demand for livestock products remains high.

Archer Daniels Midland (ADM) (US), is primarily engaged in the production of food ingredients, animal feed & feed ingredients, and biofuels. The company operates through five segments—origination, oilseeds, carbohydrate solutions, nutrition, and others. It offers probiotics in animal feed markets through its nutrition segment. The company engages in the production, sale, and supply of specialty products, including emulsifiers, natural flavor ingredients, natural health and nutrition products, natural colors, flavor systems, proteins, polyols, soluble fiber, hydrocolloids, and other specialty food & feed ingredients. The nutrition segment includes two divisions, namely, wild flavors and specialty ingredients and animal nutrition. Under the nutrition segment, it offers animal nutrition products for livestock, such as poultry, swine, and equine. The company offers animal intestinal enzymes and probiotics under its brand names, such as Inside Tract, and PrimaLac. 

It operates in more than 170 countries globally and has 44 innovation centers, nearly 500 crop procurement facilities, and 270 food & feed ingredient manufacturing facilities. It operates through its consolidated subsidiaries in 82 countries, with a majority of these subsidiaries being located outside the US. 

DuPont (US), operates through five business segments, such as nutrition & biosciences, safety & construction, transportation & industrial, electronics & imaging, and non-core. Under its nutrition & biosciences segment, the company provides solutions for the global food and beverage, biomaterials, microbial control, textile processing, fabric and home care, personal care, bioenergy, and animal nutrition markets. It has subsidiaries in nearly 70 countries worldwide and has its manufacturing operations in nearly 40 countries. 

What are the benefits of using probiotics in animal feed? 

Key Benefits of this report for you: 

From this report, you will get: 

• Define, segment, and project the global market size for probiotics in animal feed
• Understand the structure of the probiotics in animal feed market by identifying its various subsegments
• Detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• Analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
• Project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
• Profile key players and comprehensively analyze their core competencies
• Understand the competitive landscape and identify major growth strategies adopted by players across key regions
• Analyze the competitive developments such as expansions,i; investments, new product launches, mergers acquisitions, collaboration, partnership, joint ventures, and agreements

Cocoa and Chocolate Market to Showcase Continued Growth in the Coming Years

The cocoa market is projected to reach USD 26.3 Billion by 2027 growing at a CAGR of 4.5% from 2022 to 2027. The chocolate market is projected to reach USD 160.9 Billion by 2027 growing at a CAGR of 4.7% from 2022 to 2027. The rising demand for cocoa in the food processing industry propels the growth of the cocoa market. The steadily growing awareness of the health benefits of cocoa is a major propellant for the growth of the market.

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.

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.

Mondelez International is one of the leading providers and distributors of high-quality snacks. It provides a wide range of snacking product portfolios to its customers worldwide. The company has its presence in regions such as Asia, the Middle East, Africa, Europe, Latin America, and North America. It has operations in over 80 countries. The company’s product category includes beverages, biscuits, chocolate, gum, and candy. Mondelez now owns some of the most famous chocolate and confectionery brands such as Oreo, Milka, Toblerone, TUC, and Cadbury. Other bakery brands include Barni, Club Social, Honey Maid, Enjoy Life Foods, Mikado, Newtons, Nutter Butter, Premium, and Prince.

Nestle S.A. is a leading food & beverage company. The company operates in seven major segments: powdered and liquid beverages, water, milk products and ice cream, nutrition and healthcare, prepared dishes and cooking aids, confectionery, and pet care. It produces beverages, chocolates & confectionery, culinary, chilled & frozen food, milk-based products, ice creams, prepared dishes, and pharmaceutical products. Nestle operates globally, with a presence in Europe, the Americas, Asia, Oceania, and Africa. The company mainly operates through its subsidiaries and has 29 R&D facilities worldwide.

Mars Inc. is engaged in the production and marketing of branded confectionery, snack foods, main meal foods, drinks, and pet care products. The company’s major business segments include chocolate, pet care, food, Wrigley gum and confections, drinks, and symbioscience. The strategic decisions made by the company are based on five principles: quality, responsibility, mutuality, efficiency, and freedom. The company is present in more than 74 countries, including Canada, the US, Japan, India, and Russia.

What is the current size of the global Cocoa and chocolate market?

Recent Developments:

• In In May 2022, Blommer chocolate partnered with DouxMatok (Israel/USA), a food tech company to launch chocolate and confectionery products.
• In In March 2022, Hershey Company, launched a crunch cookie chocolate spread in India for the consumer's breakfast.
•  In March 2021, Barry Callebaut opened its third factory in India. The new chocolate factory consists of an R&D lab and assembly lines capable of manufacturing various needs of customers – international food manufacturers, local confectioneries, and semi-industrial bakers and patisseries.
•   In March 2021, Cargill has partnered with Nestlé to extend the  Nestlé Cocoa Plan (NCP) to benefit its network of cocoa farmers in Sulawesi, Indonesia. Activities include three key NCP pillars: better farming, better lives, and better cocoa.

Dietary Supplements Market: Growth Opportunities and Recent Developments

The global Dietary Supplements Market size is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. It is estimated at USD 155.2 billion in 2022. The growth of the global market is estimated to be driven by the increasing health awareness among consumers. Dietary supplements are a growing application of nutraceutical products. The food and nutrition industries have evolved to give consumers a more personalized experience to compensate for dietary loss through supplemental nutrition.

The Botanical segment by type is projected to achieve the Highest CAGR growth in the Dietary Supplements market. 

The demand for the botanicals ingredients included in the dietary supplements solutions had driven because of their consumer-perceived benefits, such as functional benefits and being "closer-to-nature," as well as their ability to impart pleasant flavours. Furthermore, attractive flavours and colors produced from natural sources are a vital part in dietary supplements solutions. Some of the advantages of botanical dietary supplements are, Low cost compared to prescription drug, It can be obtained without a prescription, Has the potential to be effective, despite the lack of evidence, and Contribute to a sense of self-sufficiency 

Driver: Shift in consumer preference due to increase in focus on health and prevention 

‘Self-care’ has now become an essential part of the modern consumer’s lifestyle. The growing emphasis on holistic health and immunity has resulted in some significant dietary changes among consumers. The use of vitamins, minerals, immunity-boosting foods, organic products, supplements, and other nutritional supplements has increased significantly. Though the ongoing pandemic has increased the focus on immunity, it is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. It is also a key factor that, when combined with proper nutrition, can enhance the body's natural defenses. As people become more conscious of holistic wellbeing, the demand for immunity-boosting products has increased significantly. People are increasingly shifting to herbal supplements and other dietary supplements to address their health concerns. The increasing consumer health awareness and rising disposable income across regions are factors that have encouraged people to shift to nutraceuticals such as dietary supplements. Lifestyle changes, along with a better understanding of fitness and health, have encouraged people to take multivitamins and minerals in the form of capsules and tablets. 

Asia Pacific is projected to achieve the highest CAGR growth in the Dietary Supplements market. 

The rising influence of westernization, the growing millennial population, and increasing awareness are the key drivers of market growth. According to the UN, in 2019, 60% of the 1.8 billion global population of millennials reside in Asia. This population is active, enthusiastic about fitness, and continuously seeking innovative products. As a result, millennials are prominent consumers of dietary supplements in the region. Veganism has also become popular in the region, alongside rising demand for plant-based food products, especially in India, China, Australia, and Indonesia. This key factor would eventually pave the way for herbal supplements to grow significantly in value sales during the forecast period in the Asia Pacific. 

What factors are driving the growth of the dietary supplements market? 

Key Market Players: 

The key players in dietary supplements market includes Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), Nestle (Switzerland), Otsuka Holding Co, LTD (Japan), H&H Group (China), Arkopharma (France), Bayer AG (Germany), Glanbia Plc (Ireland), Nature's Sunshine Products Inc (US), Fancl Corporation (Japan), Danisco (Denmark), Bionova (India), American Health (US), Pure Encapsulations LLC (US), GlaxoSmithKline, PLC (UK). 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 Opportunities in the Functional Proteins Market

The global functional proteins market size is estimated to be valued at USD 4.6 billion in 2020 and projected to reach USD 6.1 billion by 2025, recording a CAGR of 5.6% during the forecast period. The demand for functional proteins is increasing significantly owing to changing consumer preferences due to rising health awareness. Furthermore, the rising income level among the millennial population has made consumers able enough to afford the purchase of health-beneficiary functional food products to streamline their diets.

Drivers: Rise in prevalence of chronic lifestyle diseases to drive the market growth

There is a significant rise in the number of people suffering from chronic ailments, such as obesity, diabetes, blood pressure, and cardiovascular diseases. Hence, consumers across regions have become more health-conscious and are focusing on adopting a healthier balanced diet. This shift in consumer preferences has risen on account of the high degree of chronic diseases prevailing in the population. Diseases like diabetes, cholesterol anomalies, and obesity are key factors that are projected to drive the overall functional proteins market. The growing health and wellness trends among consumers due to chronic diseases will further drive the demand for functional proteins in the daily dietary intake of consumers. Consumers are also seeking options that provide the right combination of nutrition and taste, which leads to a rise in demand for functional proteins, which is further projected to contribute to the growth of the market.

Opportunities: Technological advancements in the functional proteins market

The recent advancements in technologies, such as microarray technology, protein hydrolysis, and protein powder manufacturing, to promote health benefits are highly likely to present growth opportunities for the key players in the functional proteins market. Numerous innovations have been observed in high throughput protein production.

New technological developments, such as the heat-stable form of whey protein, are expected to impact the global functional proteins market positively. Novel varieties of soy proteins that do not change the texture of baked goods have also been developed. Furthermore, recent advancements in the development of colostrum milk on account of exhibiting significant functional properties aimed at improving hormone growth are expected to drive the increase in consumption of functional proteins, creating growth opportunities for the market.

North America is projected to account for the largest market during the forecast period 

North America is projected to dominate the market during the forecast period owing to the high prevalence of chronic diseases in countries such as the US. Whey protein concentrates are gaining traction as consumers are shifting to dairy proteins to fulfill their nutritional requirements. On the other hand, there has been an increase in the number of vegan consumers, majorly in the North American and European regions. Emerging markets in economies such as the Asia Pacific countries are going to be potential markets for functional protein manufacturers. 

Why is functional proteins market growing? 

World’s Largest Functional Protein Brands: 

Key players in this market include ADM (US), DuPont (US), Cargill (US), Ingredion (US), Arla Foods (UK), Roquette (France), BASF (Germany), Glanbia (Ireland), Fonterra (New Zealand), DSM (Netherlands), FrieslandCampina (Netherlands), Essentia Protein Solutions (UK), Amai Proteins (Israel), Mycorena (Sweden), Merit Functional Foods (Canada), Plantible Foods (US), BENEO (Germany), ProtiFarm (Gelderland), Omega Protein (US)

Growth Opportunities in the Agricultural Adjuvants Market

The global 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. Due to high adoption rate of sustainable agricultural practices in North America and European regions, the demand for agricultural adjuvants is substantially increasing.

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Difference between Agricultural adjuvants and surfactants

They are additives added to agricultural chemical products to alter their physicochemical properties and improve their efficacy. Depending on their functional properties, agricultural adjuvants fall into two main categories activator and utility adjuvants. Surfactants used in agriculture are the most widely used activator adjuvants that are formulated for crop protection solutions. They can either be ionic, nonionic, or amphoteric.

The agricultural adjuvants market is relatively small within the crop protection chemicals industry. However, the market has witnessed significant growth in recent years due to the increasing need for sustainable pest management in agricultural operations in developed countries. Vital research funding by key manufacturers for developing products, such as drift control and antifoam agents, is expected to drive the market's growth over the next seven years. In addition, with the increasing use of drones for pesticide applications, manufacturers are also focusing on offering adjuvants that are compatible with drones.

Agricultural adjuvants are additives added to agricultural chemical products to alter their physicochemical properties and improve their efficacy. Depending on their functional properties, agricultural adjuvants fall into two main categories activator and utility adjuvants. Surfactants are the most widely used activator adjuvants that are formulated for crop protection solutions. They can either be ionic, nonionic, or amphoteric.

Growth Factors: Increase in the demand for green adjuvants, organically produced food

Chemically derived adjuvants in pesticides affect the environment and human health. For example, nonylphenol ethoxylate, a wetting and dispersing agent is still used in some agrochemical applications. This surfactant causes endocrine toxicity in animals. It is also toxic for aquatic organisms. Hence, government authorities and adjuvant manufacturers have shifted their focus to renewable and sustainable products. This trend would lead to a higher demand for naturally derived products that pose a negligible threat to the environment than conventional petroleum-derived products that are toxic and can lead to bioaccumulation within the ecosystem. 

What are agricultural adjuvants? 

Key Players: 

Key players in this market include 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), Kalo Inc. (US), Nouryon (Netherlands), Interagro Ltd. (UK), Lamberti S.P.A (Italy), GarrCo Products, Inc. (US), Drexel Chemical Company (US), and Loveland Products Inc. (US).

Food Grade Gases Market Growth by Emerging Trends, Analysis, & Forecast

The global food grade gases market is estimated to be valued at USD 7.6 billion in 2022. It is projected to reach USD 10.6 billion by 2027, recording a CAGR of 6.9% during the forecast period. Food-grade gases are defined as gases used as a processing aid or as an additive in the food & beverage industry. These gases should comply with the standards set by regulatory bodies such as the FDA. They are used alone or in combination for freezing & chilling, packaging, and for carbonation in certain beverages. Some of the most commonly used food-grade gases include carbon dioxide, nitrogen, oxygen, hydrogen, and argon. These gases are used for multiple end-uses such as meat, poultry, and seafood products, beverages, dairy & frozen food products, and convenience food products.

Key players in this market include Linde Plc (Ireland), Air Products & Chemicals, Inc. Air Liquide (France), Taiyo Nippon Sanso (Japan), The Messer group GmbH (Germany).

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The nitrogen gas segment is estimated to register a CAGR of 6.6% during the forecast period. The quick cooling/freezing properties of nitrogen help retain the quality of products by preventing dehydration and crumbling. These properties drive the demand for nitrogen in the food & beverage industry.

Nitrogen is a colourless, odorless, non-toxic, inert gas, which is why it is widely used in the food & beverage industry. Nitrogen displaces oxygen and decreases moisture inside of packaged food. Moisture in packaged foods creates bacteria, mold, and mildew, which is why nitrogen is necessary for the food preservation process. This gas also preserves freshness and retains nutrients, which helps the food or beverage last longer. Larger quantities of nitrogen may be required than oxygen or vice versa, depending on what food to preserve. Red meats tend to lose their color when they are deprived of oxygen, so less nitrogen is used when packaging red meat. On the other hand, coffee and beer require more nitrogen because it improves the quality of these drinks. Beer needs nitrogen to create foam, and coffee is dispensed with a higher pressure when brewed with nitrogen.

Some other applications of nitrogen are for sparging wines and filling the headspaces of various beverages to create an inert atmosphere and delay spoilage. Nitrogen is classified as a food additive when it is in direct contact with food and is designated an “E” number; the nomenclature for nitrogen is “E941.”.

The work-from-home trend has created a demand for carbonated beverages in many regions, which positively impacted the market growth.

Soft drinks, sparkling water (seltzer water), and carbonated wine, which has many of the same characteristics as fermented sparkling wine but is less costly to make, are examples of carbonated beverages. During carbonation, carbon dioxide is added to the liquid in a carbonator, where vaporized carbon dioxide is mixed under pressure with temperature-controlled water. Syrups, sweeteners, and other ingredients are then added to create the final product. This phenomenon is what makes soft drinks bubbly and fizzy. Beer is also one of the major carbonated alcoholic beverages, but beer manufacturers generally use the carbon dioxide that is produced during the fermentation process. Carbonation can also drive out the oxygen, which can make a beverage shelf-stable as long as it is sealed, keeping aerobic microbes away.

The popularity of carbonated beverages plays a crucial role in driving market growth. As carbonation increases the shelf-life of these beverages, manufacturers are increasingly using carbon dioxide, thereby increasing the scope for food-grade gases.

What is the current size of the global food grade gases market?

North America dominated the food grade gases market, with a value of USD 2.3 billion in 2022; it is projected to reach USD 3.4 billion by 2027, at a CAGR of 6.5 % during the forecast period.

Canada and Mexico witness the largest import of meat, fish, and seafood. In 2018, Canada was the largest export market for US agricultural products and accounted for 17% of the total exports. The major commodities exported to Canada are prepared foods, fresh & processed vegetables, fresh & processed fruit, meat & meat products, snack foods, certain non-alcoholic beverages, chocolate & cocoa products, condiments & sauces, coffee, wine, beer, and pet food. The demand for perishable food imports has grown rapidly over the last 25 years since the introduction of supermarket food distribution systems in Mexico. Food Grade Gases are liquefied to promote a cryonic state for the preservation of frozen food items, which offers several chilling advantages: faster freeze rate and improved efficiency over mechanical freezers; increased production; reduced product dehydration; reduced bacterial activity; and increased shelf life. For this reason, nitrogen is most liquefied. Carbon dioxide may also be frozen as dry ice. As the demand for perishable foods is growing in North America, the need to chill, freeze, and package these products to improve their shelf life will increase, thereby increasing the scope for food-grade gases.