Trace Minerals in Feed Market to Showcase Continued Growth in the Coming Years

 The trace minerals in feed market refers to the market for minerals that are added to animal feed in trace amounts. These minerals are essential for the proper growth, development, and overall health of livestock. Some of the commonly added trace minerals include iron, copper, zinc, manganese, and selenium.

The demand for trace minerals in feed has been growing due to the increasing population and rising demand for meat and dairy products. This, in turn, has led to an increase in the number of livestock and poultry, which has fueled the demand for trace minerals in feed.

There are several factors that are driving the growth of the trace minerals in feed market. One of the major factors is the increasing awareness about the importance of animal nutrition, which has led to an increase in the use of trace minerals in feed. The demand for high-quality animal-derived products has also led to an increase in the demand for trace minerals in feed.

In terms of geography, the trace minerals in feed market is expected to grow at a significant rate in Asia-Pacific and Latin America, due to the increasing demand for meat and dairy products, and the increasing number of livestock in these regions.

The major players operating in the trace minerals in feed market include ADM Animal Nutrition, Alltech, Inc., Evonik Industries AG, Nutreco N.V., and BASF SE, among others.

Trace Minerals in Feed Market Growth Opportunities - 

The trace minerals in feed market are expected to grow due to several factors, including the increasing demand for animal-based products, such as meat, dairy, and eggs, as well as the need for better animal health and nutrition. The use of trace minerals in animal feed helps to meet the nutritional requirements of livestock, which leads to improved animal health and performance. 

Growing awareness about the benefits of trace minerals in animal feed, coupled with advancements in animal nutrition, is also driving the growth of the trace minerals in feed market. Additionally, increasing consumer demand for high-quality animal-based products and a growing focus on sustainability and animal welfare are expected to fuel the demand for trace minerals in feed. 

Furthermore, increasing trade in animal-based products and the growth of the global livestock industry are also contributing to the growth of the trace minerals in feed market. The increasing demand for organic and sustainable animal-based products is also expected to create growth opportunities for the trace minerals in feed market. 

However, the high cost of trace minerals and the lack of standardization in the quality of trace minerals used in feed may pose challenges to the growth of the trace minerals in feed market.

Feed Yeast Market to Witness Unprecedented Growth in Coming Years

The global feed yeast market size was valued at USD 1.8 billion in 2020 and is projected to reach USD 2.3 billion by 2025, recording a CAGR of 5.1% during the forecast period. The feed yeast industry has been gaining traction due to a confluence of progressive developments. The implementation of restrictions on the use of antibiotics as a means of promoting animal growth has propelled the demand for alternative solutions. This, in turn, has led to a heightened interest in yeast as a dietary supplement for livestock, providing them with the essential nutrients they need to thrive. Additionally, a growing awareness of the importance of animal health and the quality of feed has further fueled the growth of the feed yeast market. This convergence of factors has created a dynamic and thriving industry that is poised for continued success in the years to come.

Feed Yeast Market Drivers

• Growing Demand for Livestock and Poultry Products: The increasing demand for meat, dairy products, and eggs is driving the demand for yeast as a feed additive in the livestock and poultry industry.
• Increase in Global Population: The growing global population is leading to an increase in demand for food, which is driving the demand for yeast as a feed additive to enhance the growth and productivity of livestock and poultry.
• Rise in Awareness about Animal Nutrition: The growing awareness about the importance of animal nutrition is driving the demand for yeast as a feed additive to improve the health and wellbeing of livestock and poultry.
• Growing Popularity of Organic Farming: The increasing popularity of organic farming is driving the demand for yeast as a natural and organic feed additive.
• Increase in Consumer Awareness about Food Safety: The growing consumer awareness about food safety is driving the demand for yeast as a feed additive to ensure the safety and quality of meat and dairy products.
• Technological Advancements in Yeast Production: The advancements in yeast production technology have made yeast more affordable and accessible, leading to an increase in its demand as a feed additive.

With the introduction of stringent regulations, Europe is estimated to be the second largest market during the forecast period.

The feed yeast market in Europe is driven by the introduction of stringent regulations pertaining to the use of antibiotics in feed. Increasing awareness about the benefits of feed yeast is projected to contribute to the market growth. The high demand for quality and nutrient-rich feed in the European countries has led to the high demand for feed yeast among farmers. Moreover, the European legislators are also concerned about food and animal safety and thus have implemented many safety laws for the same. With high concerns related to animal health, the EU government has put a ban on the use of antibiotic growth promoters in feed due to its negative impact on animal health as well as on the health of human consumers. For the replacement of those antibiotics, naturally-sourced feed ingredients that have antibiotic properties such as feed yeast were developed by manufacturers. 

This report includes a study of the development strategies of leading companies. The scope of this report includes a detailed study of feed yeast manufacturers such as Associated British Foods PLC. (UK), Archer Daniels Midland Company (US), Alltech Inc. (US), Cargill (US), Lesaffre (France), Angel Yeast Co. Ltd. (China), and Lallemand Inc. (Canada)

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

The Cocoa Market may reach USD 26.3 BN by 2027, at a CAGR of 4.5% up to 2027 whereas the chocolate market may reach USD 160.9 Bn by 2027, at a CAGR of 4.7% by 2027. Chocolate confectionery products, once reserved for special celebrations and festivities, have become a staple in households globally, with sales on the rise as people seek comfort and indulgence in their daily lives. From the Western traditions of gifting chocolate on holidays like Christmas and Valentine's Day, to its newfound popularity in Asian nations like India, China, and Japan, chocolate has firmly cemented its place in cultural customs and personal rituals. No longer just a treat for special occasions, it has become a symbol of love, comfort, and joy for people all over the world.

 

The cocoa and chocolate industry experiences a surge during seasonal and festive seasons, as the demand for chocolates skyrockets during these times. This is due to the fact that a substantial amount of chocolate products is consumed as gifts, treats, and indulgences during these celebrations. The market growth of chocolate is also driven by the recognition of the health benefits of cocoa in chocolate products, as consumers seek healthier options in their sweet treats. Moreover, chocolates are increasingly being perceived as a premium and comforting food, fueling the trend of consuming chocolates as a form of indulgence. This trend is further propelling the growth of the chocolate market.

 Cocoa and Chocolate Market Drivers:

Rising demand for premium chocolate products: With increasing awareness about the health benefits of dark chocolate, consumers are now demanding premium and high-quality chocolate Growing health and wellness trend: Cocoa and chocolate products are increasingly being marketed as a source of antioxidants and other health b enefits, driving demand for these products.

Growing popularity of chocolate as a gift item: Chocolate has become a popular gift item, especially during festive seasons such as Christmas, Valentine's Day, and Easter. This trend is driving growth in the global cocoa and chocolate market.

Growing popularity of chocolate-based confectionery products: Chocolate-based confectionery products such as bars, truffles, and chocolate spreads are becoming increasingly popular, leading to growth in the cocoa and chocolate market.

Growing demand for chocolate in emerging markets: The increasing popularity of chocolate in emerging markets such as China, India, and South Africa is driving growth in the global cocoa and chocolate market.

Growing demand for organic and sustainable cocoa: Consumers are becoming increasingly concerned about the environmental and social impacts of cocoa production, driving demand for organic and sustainable cocoa products.

Innovation in cocoa and chocolate products: Manufacturers are constantly introducing new and innovative chocolate products to meet changing consumer preferences, driving growth in the global cocoa and chocolate 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.

Food Processing and Handling Equipment Market to Witness Unprecedented Growth in Coming Years

The Food Processing and Handling Equipment Market is experiencing tremendous growth, with projections indicating a rise from USD 130.6 billion in 2021 to a staggering USD 175.1 billion by 2026. This equates to a compound annual growth rate of 6.0%, solidifying the market as a lucrative investment opportunity in the upcoming years. The Food Processing and Handling Equipment Market is experiencing tremendous growth due to a combination of factors, including a surging demand for processed and packaged food, a growing need for efficient and hygienic processing methods, and the adoption of cutting-edge technology and automation in the food and beverage industry. This report delves into the key drivers of this growth, as well as the trends, challenges, and growth opportunities present in the market.

The Food Processing and Handling Equipment Market is witnessing substantial growth as the food industry expands, driven by increasing demand for processed foods such as meat products, baked goods, convenience food, and more. The development of new technologies, like non-thermal processing, is streamlining the production process and reducing waste, time, and costs. Innovations in processing technology, the demand for healthy and functional foods, and the growth of food manufacturing capacities in emerging economies are all contributing factors to the market's growth. The food and beverage industry are being transformed by advancements in food processing, creating opportunities for manufacturers to meet the growing demand for healthy and functional products using cutting-edge equipment.

Opportunities: Rise in demand from developing countries, such as China and India

Emerging economies, such as BRIC (Brazil, Russia, India, and China), offer several growth opportunities for food packaging equipment manufacturers. Growth in these regions is mainly driven by the consumers’ inclination toward ready-to-eat and convenience food products. Some of the key factors driving the demand for packaged or processed food products are as follows: changing lifestyles of the consumers, rapidly rising disposable income, rising brand awareness, an increasing number of working women, and increased concerns about the quality of the food products. These emerging economies across the globe will act as new revenue pockets for the food packaging industry. According to Agriculture and Agri-Food Canada (AAFC).

It grew at a CAGR of 11.5% between 2017 and 2018 to reach USD 347 billion by 2018. This is expected to provide growth opportunities for the packaged food industry, which, in turn, will lead to the growth of the food packaging technology & equipment market.

Who are the major market players in the food processing and handling equipment market?

The Asia Pacific market dominated the food processing and handling equipment market during the forecast period.

The food industry in Asia Pacific is gigantic. In the region, product innovations and technological advances have put increasing pressures on the quality standards at all levels, with a growing emphasis on food safety, integrity, quality, and nutritional and health impacts. Growth in the demand for processed foods, the rapid rise in supermarkets, and retail outlets are some of the positive factors shaping the growth of the food and beverages industry in the region. With the rising urban incomes and higher consumption proportions of animal products, there is a demand for a more varied range of foodstuffs. Changing demand for processed food and gradual liberalization of the international food trade has resulted in the rise of multinational food retailers. 

List of companies leading the market: 

The key players in this market include GEA Group (Germany), ALFA LAVAL (Sweden), Bühler Holding AG (Switzerland), JBT Corporation (US), SPX Flow (US), Robert Bosch (Germany),  Multivac (Germany), Krones Group (Germany), Tetra Laval International S.A. (Switzerland), Middleby Corporation (US), Dover Corporation (US), Ali Group S.r.l (Italy), Electrolux (Sweden), and Hoshizaki (Japan). Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, and partnerships to strengthen their position in the market.

Rodenticides Market to Showcase Continued Growth in the Coming Years

The global Rodenticides Market is predicted to experience a 5.8% compound annual growth rate, leading to a revenue surpassing USD 7.1 billion by 2027. This thriving industry, valued at USD 5.4 billion in 2022, is on a path of substantial growth.

The rising concern for environmental pollution and public health hazards posed by vector-borne diseases is fueling the global demand for rodent control services. The growing population, coupled with the overexploitation and degradation of limited resources, is contributing to the degradation of the ecosystem, leading to global warming and temperature rise. These factors, in turn, are indirectly strengthening pests' ability to survive in different seasons, as evidenced by the migration of tropical pests away from the equatorial region due to global warming.

Drivers: Displacement of rodents due to urbanization

Urbanization is one of the key factors encouraging land use, particularly in developing countries, where 90% of the people are expected to be residents of urban areas. Moreover, urbanization is expected to impact public health due to the shift of rural pathogens adapting to the urban environment and increasing their number.

According to an article by Rentokil, it has been observed that the construction of new buildings is increasingly displacing the rat population across regions. As per the report by Building and Construction Authority (BCA), the need for construction in the country is increasing. Some construction activities in rural areas disturb the nesting area of rodents, such as rats, and thus encourage them to relocate to another urbanized location.

According to a recent article posted in Frontiers, Norway, black rats are considered the urban rats that inhabit cities worldwide. They adapt to environmental changes caused by humans and thus survive easily. Hence, the increase in the levels of urbanization creates the need for rodent control, majorly in the urban areas of developing regions.

What is the current size of the global rodenticides market?

Rising Demand for Second-Generation Anticoagulants due to their Longer Half-Life, Which Implies Longer Tissue Persistence, and Enhanced Efficacy Against Rodents

With the increase in exposure to first-generation anticoagulants, rodents have developed resistance to them; hence, second-generation anticoagulants were developed. Second-generation anticoagulants, also called single-dose anticoagulants, can be lethal in a single dose. They are more toxic than first-generation anticoagulants due to their superior affinity for vitamin K-epoxide reductase, which disrupts the functioning of the blood clotting agents in rodents. The popular rodenticides in this category are brodifacoum, bromadiolone, difethialone, difenacoum, and flocoumafen.

Second-generation anticoagulants are not excreted easily, persisting in bodily organs such as the liver. Some of these are particularly toxic to birds and mammals. For instance, brodifacoum and difethialone pose potential risks to avian predators and scavengers that feed on target or non-target animals poisoned with bait. Oral toxicity is high in nearly all rodenticides. Most of these are not allowed to be marketed to non-licensed applicators for residential use. These products are sold directly to pest control professionals or agricultural supply stores.

Key players operating in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), UPL Limited (India), Rollins, Inc. (US), Liphatech, Inc. (US), JT Eaton & Co., Inc. (US), Pelgar (UK), Bell Laboratories Inc. (US), and Abell Pest Control (Canada).

Pest Control Market to Showcase Continued Growth in the Coming Years

The global Pest Control Market is predicted to progress rapidly at a CAGR of 5.1% to reach USD 29.1 billion by 2026. The global market was estimated to be valued at USD 22.7 billion in 2021.

Pest management includes controlling infestations of insects, animals, germs, or other organisms that damage property, destroy food crops, and adversely affect the environment. Pest control eradicates or minimizes a wide range of undesirable insects and other pests from areas used for protective purposes, using chemicals, technologies, special equipment, and other safety measures. Various chemical, mechanical, biological, and digital solutions control different types of pests. Additionally, since pesticide solutions are toxic, pest control technicians must be acquainted with safety measures and proper usage.

Opportunities: Adoption of Artificial Intelligence (AI) in pest control

Artificial intelligence (AI) implementation in pest control has been rising because of the low service cost and its operation in remote, along with difficult-to-access locations continuously without interrupting the operations of the facility. The demand for digital pest control solutions is rising because service-provider companies use AI-based image-recognition technology to identify and treat various bugs and vermin.

App-based bug identification helps quick identification and effective remediation solutions for efficiently implementing proper treatment plans, including proper chemicals and recommendations for homeowners. Convenience and timesaving are the two prime advantages provided by the incorporation of AI in pest control. The use of machine learning software assists in identification process optimization.

North America dominates the pest control market.

The pest control market is dominated by a few pest control service providers such as Rollins, ServiceMaster Global Holdings, Rentokil Initial, and Ecolab. Apart from these major players, there are many local players in the market. Many major players are acquiring or collaborating with local players to increase their market shares, enhance their service portfolios, and strengthen their presence.

What is giving growth to pest control market?

For instance, on 1st March 2019, Rentokil Steritech (US) acquired Virginia-based Loyal Termite & Pest Control (US). It would help Rentokil to expand its service in Virginia. Insects are the most found pests in the region. With increasing temperatures, the problem of bed bug infestation and termite infestation has increased in the North American region. The US is the dominant market in North America. Consumption of pest control products in the US is comparatively higher than in other countries. Although the diversity of termites in the US is low compared to other regions, globally, due to increasing temperatures, termite colonies have been spreading across the US.

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.

Drippers Market to Showcase Continued Growth in the Coming Years

According to a research report "Drippers Market by Type (Inline and Online), Crop Type (Field Crops (Corn, Cotton, Sugarcane, Rice), Fruits & Nuts, Vegetable Crops), and Region (North America, Europe, Asia Pacific, South America, and Rest of the world) - Global Forecast to 2027" published by MarketsandMarkets, the global drippers market size is estimated to be valued at USD 288 million in 2022. It is anticipated to reach USD 469 million by 2027, recording a CAGR of 10.2% in value. The efficient working of drippers is dependent on the quality of the water. Except for some coastal areas, many current and potential water sources for irrigation systems come from surface water, which is often lower in salt content. As a result, systems using surface water sources are typically less likely to develop precipitates in drippers. Surface water is typically of lower quality than groundwater. However, iron and manganese levels should be checked because high levels could cause drippers to clog and necessitate treatment. Many firms are introducing anti-clogging, pressure compensating, no-drain, and anti-siphon drippers in the market.

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The Inline drippers type is forecasted to account for the largest market share in the drippers market.

Inline drippers are usually present within the laterals with equal spacing. Inline emitters may be flat boat-shaped, cylindrical, or attached to the lateral inner wall. Inline emitters are mostly used for row crops or field crops such as onion, chili, potato, turmeric, vegetables, sugarcane, and cotton. They can be used with uneven lands and steep hills requiring longer lateral running lengths. The main objective of drippers is to achieve minimum discharge of water. The discharge range of an emitter is usually between 1–15 liters per hour.

The field crops segment is anticipated to gain the largest market share in the drippers market.

Appropriate drippers help provide crops with water at the required flow rate. The increasing prices of field crops have fueled the market for drippers. Corn is a widely grown field crop using drip irrigation systems. Growing corn on a large scale while facing unpredictable weather conditions or water scarcity is challenging. Water stress in corn crops can lead to about 8% permanent yield loss daily. Corn is the third-largest plant-based food source for the world. Compared to flood and sprinklers, corn irrigated by drip demonstrated a higher yield, required significantly less fertilizer, and resulted in reduced carbon emissions.

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The Asia Pacific region is projected to account for a major share of the drippers market during the forecast period.

Accounting for more than 60% of the global population, the increase in technological advancement in irrigation facilities, decreasing water wastage, and government subsidies in various countries helped in exponential growth for this region. In some countries in the Asia Pacific region, the retreat of the government from irrigation is largely based on political-economic considerations. The government’s support of the irrigation sector in countries like India has been a broader pro-rural policy package that aims to support agriculture. The region has been shifting from installing basic irrigation facilities to adopting precision irrigation systems through technological upgrading. Some of the players operating in the region are Chinadrip Irrigation Equipment Co., Ltd. (China), Jain Irrigation Systems Ltd. (India), Antelco Pty Ltd. (Australia), Metro Irrigation (India), KSNM Drip (India), and Mahindra EPC (India).

Some of the major players operating in the global agricultural drippers market are Netafim Limited (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co., Ltd. (China), Elgo Irrigation Ltd. (Israel), Metzer (Israel), Azud (Spain), Jain Irrigation Systems Ltd. (India), The Toro Company (US), Rivulis Irrigation Ltd. (Israel), and Hunter Industries, Inc. (US).