Nutraceutical Excipients Market to Showcase Continued Growth in the Coming Years

The global nutraceutical excipients market size is estimated to account for about USD 3.4 billion in 2020 and projected to reach a value of nearly USD 4.9 billion by 2025, growing at a CAGR of 7.3% from 2020 to 2025. The market for nutraceutical excipients market has been growing in accordance with the rise in demand and consumption for nutraceuticals, around the globe. The consumption of dietary supplements in the form of tablets and capsules has been witnessing an upsurge demand in recent times, owing to the growing awareness for health benefits offered by these products that helps to support the wellbeing of the consumers. The key driving factors of the nutraceutical excipients market include increasing consumer concerns regarding maintaining a balanced diet and growing consumer awareness about several diseases caused due to lack of intake of necessary nutrients as a result of imbalanced dietary lifestyles. Food fortification is one of the major trends, which is also fueling the nutraceutical excipients market in the functional food & beverage industry.

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Opportunity: High use of excipients with multifunctional properties is witnessed as an emerging trend among key players.

Multifunctional excipients are a class of excipients that include pre-processed and co-processed excipients that provide added functionalities to the formulation. For example, Silicified Micro-Crystalline Cellulose is a processed combination of MCC and colloidal silicon dioxide. These functionalities include flowability, compressibility, particle size distribution, shape, and porosity. The term multifunctional excipient is also extended to products that serve multiple roles in the formulation of dietary supplement and functional food & beverage line of products; for example, Ludipress is a co-processed product containing lactose, Kollidon, and Kollidon-CL, which serves the role of DC diluent with binder and disintegrant properties.

The demand for excipients with improved functionalities in the nutraceutical industry remains high, while also minimizing the drawbacks of incorporated excipients. According to the International Pharmaceutical Excipient Council (IPEC), a co-processed excipient is “a combination of two or more compendial or non-compendial excipients designed to physically modify their properties in a manner not achievable by simple physical mixing, and without significant chemical change.”

xcipient manufacturers are primarily focusing on developing newer excipients blends to achieve multi-functionalities, and, in turn, to grow strategically, since old excipients cannot address all the challenges related to nutraceutical formulations and the delivery of active ingredients. Thus, the multi-functionality of excipients helps in catering to the increased demand among industry players by saving on the costs incurred to produce a customized excipient.

North America is estimated to dominate the nutraceutical excipients market in 2020

North America accounted for the largest market share in 2019. The nutraceutical excipients market in North America is dominating, owing to the concentration of the global players such as DuPont (US), Kerry (Ireland), Cargill (US), and Ingredion (US). The market for nutraceutical excipients here is mature, and hence, the growth is moderate compared to other regions. Other factors contributing to the growth of nutraceutical excipients in North American region include the busy lifestyle of consumers, prevalence of chronic diseases due to hectic lifestyles, and an increase in awareness among consumers regarding the health benefits of nutritional foods, including food supplements, which has driven the demand for functional food products. In addition, the use of technological advancements and new product launches have made excipients available for a wide range of applications in the fortified food & beverage, dietary supplements, and nutraceuticals sectors, which is projected to drive the growth of the market in the region.

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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the nutraceutical excipients market.  The key players in the nutraceutical excipients market include DuPont (US), BASF SE (Germany), Kerry Group PLC (Ireland), Ingredion Plc (US), Sensient Technologies (US), Associated British Foods (UK), Roquette Freres (France), Meggle Group Wasser (Germany), Cargill Inc (US), Ashland Global Holdings Inc (US), Seppic (France), Shin-Etsu Chemical Co Ltd (Japan), Fuji Chemical Industries Co Ltd (Japan), Pharmatrans Sanaq AG (Switzerland), Pioma Chemicals (India), Gattefosse (India), W.R.Grace & Co (US), Omya (Switzerland), Grain Processing Corp (US), and Gangwal Chemicals Pvt Ltd (India). The nutraceutical excipients market also consists of key start-up players, which include IMCD (Netherlands), Hilmar Ingredients (US), Innophos Holdings Inc (US), JRS Pharma (Germany), Biogrund GmbH (Germany), Pharma Line Intl Corp (South Korea), Jigs Chemical (India), Panchamrut Chemicals (India), Azelis Chemical Ltd (Europe), and Daicel Group (Japan).

Liquid Fertilizers Market Growth by Emerging Trends, Analysis, & Forecast

The report " Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potassium, and Micronutrients), Mode of Application (Soil, Foliar, and Fertigation), Major Compounds (CAN, UAN, MAP, DAP, and Potassium Nitrate), Crop Type, and Region - Global Forecast To 2025", The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach a value of USD 3.0 billion by 2025, growing at a CAGR of 4.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the liquid fertilizers market.

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Driver: Growth in demand for enhanced high-efficiency fertilizers 

Enhanced, efficient application of liquid fertilizers ensures that crops and plants receive nutrients in an amount that is required at the right time and at the right place, with minimum wastage. Enhanced efficiency fertilizers (EEF) are growing substantially in the agriculture industry in various fields such as cereals and industrial crops, as a result of the emergence of new urease inhibitors and inexpensive polymer coating technologies. Such application of enhanced efficiency fertilizers also helps in reducing the negative impact of nutrients by way of leaching into water reservoirs. 

By crop type, the fruits & vegetables segment is projected to be the fastest-growing segment in the liquid fertilizers market during the forecast period.

The trend of consuming fruits has witnessed a growth in the past two decades, and this trend is projected to continue in the coming years. According to the FAO, China is the largest producer of fresh fruits and vegetables, which has surpassed the production and growth in the US and India in 2018. The increasing exports of fruits & vegetables have also led to an increase in the crop plantation area, which has resulted in a rise in their production levels. Hence, the crop protection chemicals market for fruits & vegetables is projected to witness significant growth. This, in turn, is projected to drive the market. 

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The increasing demand for various crops in the Asia Pacific regions is driving the growth of the market. 

The increasing agricultural practices and requirement of high-quality agricultural produce are factors that are projected to drive the nitrogenous fertilizers market growth in this region. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the region consumes 90% of the global rice produced. Asian countries, such as Korea, China, Japan, and recently Vietnam, are applying high levels of nitrogenous fertilizers per hectare, for both short-term and perennial crops. Hence, the demand for liquid fertilizers is high in the region. 

Key players in this market include Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (US), and EuroChem Group (Switzerland). These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. 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.

Agricultural Sprayers Market to Witness Unprecedented Growth in Coming Years

The global agricultural sprayers market 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.

Vitamin & Mineral Premixes Market to Showcase Continued Growth in the Coming Years

The global vitamin & mineral premixes market is estimated to be valued at USD 7.2 billion in 2022. It is projected to reach USD 9.8 billion by 2027, at a CAGR of 6.4%, in terms of value, between 2022 and 2027. With the growing demand for nutritious pet food packed with all the micro-nutrients, the demand for vitamin & mineral premixes is witnessing significant growth. Furthermore, it has also been seen that the ownership of pets across the globe is significantly increasing, which is promoting the demand for healthy and nutritional pets, which, in turn, is fueling the demand for vitamin & mineral premixes across the globe.

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Vitamins segment to account for largest market share in vitamin & mineral premixes market

The vitamins segment accounts for a significant market share in the vitamin & mineral premixes market. Awareness, wide acceptance, and easy availability of different types of vitamins have accelerated the growth of the vitamin premixes market. The most commonly available and preferred vitamin premix blends include vitamins A, C, and E. They have a wide range of applications in the food industry. Also, multivitamin premixes support the growth of the vitamins segment, as consumers prefer a single source for multiple essential nutrients, as against too many individual sources.

Liquid segment projected to grow at a higher CAGR during the forecasted period.

Liquid vitamin & mineral premixes are widely used in beverages, healthcare products, and personal care products. These premixes, in water-miscible form, include vitamin A, vitamin AD2, and vitamin AD3. They are used to fortify food products, such as skimmed liquid milk, diet dairy products with low fat content, flavored milk, ice creams, juices, custards, jams, and soft drinks. Oil-soluble liquid premixes are usually preferred for vitamins A, D3, E, and K1.

Feed segment is expected to account for largest market share in vitamin & mineral premixes market.

Based on application, the feed segment is likely to dominate the market during the forecast period. Animal feed manufacturers are inclined to attain more animal output because various nutritious ingredients are used in animal feed, including vitamin & mineral premixes. An increase in consumer awareness regarding required pet nutrition has led to the demand for specialty nutrition and condition-specific pet health formulas, such as vitamin & minerals premixes for feed applications. Vitamin & mineral premixes help regulate the biological process of growth and reproduction in the animal body and help in bodybuilding.

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North America expected to be largest market for vitamin & mineral premixes market during forecast period.

Based on region, North America is expected to be the largest market for vitamin & mineral premixes during the forecast period. The North American market is largely driven by the increase in demand for healthy foods and functional foods & beverages, owing to the low level of exposure to essential nutrients caused by high consumption of processed & convenience foods due to their busy lifestyles. The rise in the incidences of obesity, heart diseases, and other health issues has led to the demand for high-nutrition dietary products. Vitamin & mineral premixes have been finding their way into new product applications, such as cereal-based products, dairy products, nutritional foods, beverages, infant formulas, and dietary supplements.

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 DSM (Netherlands), Corbion (Netherlands), Glanbia plc (Ireland), Vitablend Nederland BV (Netherlands), SternVitamin GmbH & Co. KG (Germany), Wright Enrichment Inc. (US), Zagro (Singapore), Nutreco (Netherlands), Farbest-Tallman Foods Corporation (US), Burkmann Industries, Inc. (US), Bar – Magen LTD (Israel), BASF SE (Germany), ADM (US), Innov Ad NV/SA (Belgium), Jubilant Ingrevia Limited (India), and IDENA (France).

Fruit and Vegetable Processing Market to Showcase Continued Growth in the Coming Years

The fruit and vegetable processing market is estimated to account for nearly USD 8.7 billion in 2022 and is projected to reach a value of nearly USD 11.8 billion by 2027, growing at a CAGR of 6.4% from 2022. The demand for fruit and vegetable processing is increasing significantly, due to the increasing consumption of processed fruit and vegetables products in developing countries such as China, India, South Africa and Brazil.

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Key players in this market include GEA Group (Germany), Alfa Laval (Sweden), JBT Corporation (US), Heat & Control Inc. (Sweden), Krones AG (Germany), Bühler (Switzerland), Marel (Iceland), Bigtem Makine A.S. (Turkey), Fenco Food Machinery S.R.L (Italy), Anko Food Machine co., Ltd (Taiwan), Syntegon Technology GmbH (Germany) and Finis (US).

The fresh fruits and vegetables segment is estimated to account for the largest share in the fruit and vegetable market

The fresh segment includes minimally processed agricultural produce. Fruits and vegetables are treated to be preserved and packaged to prevent wastage or spoilage(by microbial contaminants) during transport. Various government initiatives and food policy councils have been created to increase the consumption of fruits and vegetables which in turn increased the demand for fresh fruits and vegetables.

By product type, the fresh fruit and vegetable segment is projected to be the fastest-growing segment during the forecast period in the processed fruit and vegetables market .

During the forecast period, the fresh fruit and vegetables segment is projected to grow at the highest CAGR in the processed fruit and vegetables market, in terms of value. This segment is estimated to grow due to the increasing demand for ready-to-cook produce. Thus, due to the busy consumer lifestyles, demand for convenience food, growth in health awareness, demand for fresh and fresh-cut fruits & vegetables that save preparation time, and convenient storage & longer shelf life are expected to drive the market for processed fruits & vegetables.

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The Asia Pacific is estimated to dominate the processed fruit and vegetables market  in 2022.

The Asia Pacific is estimated to account for the largest market share in the processed fruits & vegetables market in 2022. The fruit & vegetable processing industry in developing economies such as Asia Pacific and South American countries has developed due to factors such increasing number of working women and middle-class population, bulk production of various agricultural products, and government subsidies in countries such as India, coupled with trade liberation.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the bakery processing equipment market. It includes the profiles of leading companies such as Conagra brands (US), Greencore group (Ireland), Nestle (Switzerland), Olam International (Singapore), The Kraft Heinz Company (US), Pepsico Inc. (US), AGRANA Group (Austria), Bonduelle (France), Dole Food (US), SVZ International B.V. (US), Sahyadri Farms (India), Diana Group S.A.S. (France) and Raje Agro Food (India)

Rodenticides Market Market to Showcase Continued Growth in the Coming Years

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 driven by rapid urbanization across regions. The increase in awareness on public hygiene, the prevention of vector-borne diseases, and the rise in purchasing power parity (PPP) among the middle-class population are factors that have encouraged the demand for pest control services, globally. In addition, government initiatives for maintaining environmental hygiene are projected to drive the demand for rodenticides. For instance, the “clean-up” movement in India has proven to be a major driver for the insect pest control industry.

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Increase in the global trade of rodenticides

Germany is one of the global leaders engaged in the export of rodenticides. It is followed by India, the US, the UK, Belgium, and Italy. Germany has a presence of major chemical companies, such as Bayer AG and BASF SE, which have a wide portfolio of insect pest control products. The country is a major exporter of rodenticides to countries, such as the Netherlands, the UK, and France. These countries import rodenticides due to their high-quality standards, fewer transportation costs, and easy accessibility. India is emerging as a potential export hub for high-quality rodenticides due to low-cost manufacturing and the security of patented new active ingredients. India majorly exports rodenticides to countries, such as Brazil, the US, and the Netherlands. China is a dominant exporter of rodenticides to Southeast Asian countries, such as Vietnam, Thailand, and Indonesia. This increase in demand for rodenticides across the globe is attributed to factors, such as government initiatives for health awareness programs, an increase in crop losses, and a rise in health concerns due to rodent attacks.

Sprays are Permitted for use only by Professional Pest Applicators

Most fumigants include phosphide compounds, such as zinc and aluminum phosphides. Bromides are also used for rodent treatment in a few countries. Carbon dioxide is also used as a fumigant against commensal mice. Fumigants or rodenticides in the spray form are used in warehouses, along with minimal use in agricultural fields. Sprays cannot be used in urban areas because they cause health concerns in humans and other non-target animals. Fumigants are used for destroying rodent burrows through gassing. It involves the insertion of either pellets or tablets in the rodent burrow, which are then sealed with soil. The gases evolved to build up to concentrations that are lethal to the rodents occupying the burrows

North America and Asia Pacific are the major exporters of crops across the globe. High quantities of grains are stored in warehouses, and fumigants, are majorly used in these warehouses for rodent control. In addition, sprays of zinc phosphide are used against mouse plagues in Australia.

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Asia Pacific is expected to be the fastest-growing region with a CAGR of 6.5% during the forecast period.

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.

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

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.