Factors Driving the Controlled-release Fertilizers Market

The global controlled-release fertilizers market is projected to reach USD 2.9 billion by 2028 from USD 2.2 billion by 2023, at a CAGR of 5.9% during the forecast period in terms of value. The controlled-release fertilizers market has witnessed significant growth and established its dominance in the global agriculture industry. According to the World Bank Report 2023, approximately 9.2% of the world’s population faced hunger in 2022, compared with 7.9% in 2019. The rising levels of hunger and food insecurity highlight the urgent need to increase agricultural productivity to ensure food availability. Thus, the increasing demand for enhanced agricultural output while reducing environmental effects is one of the main driving factors. These fertilizers deliver nutrients gradually, enhancing plant absorption while lowering leaching and runoff, which helps reduce water pollution. Furthermore, the use of controlled-release fertilizers is accelerated by the push for sustainable agricultural practices, which are complementary to their advantages.

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YARA

Yara is primarily engaged in manufacturing and marketing fertilizers and industrial products. The company operates through major business segments, namely, fertilizer and chemical products, freight, and insurance services. Yara is a leading player in global crop nutrition and operates a global leading ammonia and nitrates capacity. Deep agronomic knowledge, crop nutrition solution, and digital capabilities enable Yara to work toward climate positive future. The company offers a wide range of controlled-release fertilizers including YaraBela, YaraVita, YaraVera, and YaraMila. These fertilizers typically consist of granules that contain a blend of essential nutrients such as nitrogen, phosphorus, and potassium, along with other secondary and micronutrients. The nutrients are encapsulated within a polymer coating or other controlled-release matrix, which determines the rate at which the nutrients are released into the soil. In September 2021, Yara acquired Ecolan (US), a producer of fertilizers for agriculture and forestry, to expand its organic fertilizer business. This was Yara’s first acquisition in the organic fertilizer segment. This would help improve nutrient use efficiency in this segment by capitalizing on deep crop nutrition knowledge. Yara's goal of enhancing nutrient use efficiency across different farming systems resonates with the benefits of controlled-release fertilizers.

Nutrien Ltd.

Nutrien Ltd. is one of the leading producers of crop inputs, services, and solutions. The company operates its business in Nitrogen, Potash, Phosphate, and Retail segments. The company focuses to produce and distribute more than 27 million tonnes of potash, nitrogen, and phosphate products for agricultural, industrial, and feed customers throughout the world. The company has the most extensive crop nutrient product portfolio, combined with its global retail distribution network, which includes more than 1,500 farm retail centers. In the premium technologies segment, the company offers “ESN Smart Nitrogen” which is a controlled-release fertilizer that minimizes nitrogen loss and maximizes crop yield. ESN technology uses a flexible polymer coating to encapsulate a urea granule comprised of 44% nitrogen. The unique coating protects and releases nitrogen based on soil temperature. ESN provides nitrogen based on the demand for the growing crop.

In July 2022, Nutrien Ltd. entered into an agreement to acquire Brazilian company Casa do Adubo S.A. (Casa do Adubo). The acquisition includes 39 retail locations, under the brand Casa do Adubo, and 10 distribution centers, under the brand Agrodistribuidor Casal, in the states of Acre, Bahia, Espirito Santo, Maranhao, Mato Grosso, Minas Gerais, Para, Rio de Janeiro, Rondonia, Sao Paulo, and Tocantins. The acquisition expands the company’s footprint in Brazil from five states to 13 and supports growers in a key region of the world that increasingly rely on to sustainably increase crop production and feed a growing population. With a larger footprint and increased market presence, Nutrien could potentially expand its product offerings to include a wider range of agricultural inputs, including specialized fertilizers like controlled-release fertilizers.

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Mosaic

The Mosaic Company is one of the leading producers, marketers, and distributors of concentrated phosphate and potash crop nutrients. The company is organized into Phosphates, Potash, and Mosaic Fertilizantes business segments. The company mines its phosphate products from its own land in Central Florida, US, and also through its joint venture in Peru. The company offers high-quality controlled-release fertilizers and distributes its products to countries in North America and worldwide. The company has three business segments—phosphates, potash, and Mosaic Fertilizantes.

By leveraging their expertise, Mosaic Controlled-release fertilizers are committed to providing innovative solutions that improve crop quality, enhance nutrient intake, and contribute to overall plant growth over the globe. In March 2021, Mosaic entered into a strategic partnership with AgBiome to pioneer new biological alternatives that enhance soil health and fertility. This collaboration illustrates a larger industry trend toward sustainable agriculture solutions, particularly in the field of controlled-release fertilizers.

Argentina is expected to be the fastest-growing market in the South American region during the forecast period.

Argentina is poised to emerge as the fastest-growing player in the controlled-release fertilizers market within South America. Argentina places considerable emphasis on sustainable farming practices, aligning with global trends and consumer preferences. Controlled-release fertilizers offer a solution to minimize nutrient runoff, reduce environmental impact, and promote soil health, making them a natural fit for the country's sustainable agriculture initiatives.

Gummy Supplements Market Will Hit Big Revenues In Future

The global gummy supplements market is projected to reach USD 48.5 billion by 2028, at a CAGR of 14.5% over the forecast period. It is estimated to be valued at USD 24.6 billion in 2023. With the rise in the per capita income of the population, consumers are becoming more health-conscious and are seeking convenient and enjoyable ways to supplement their diets. Asia has a growing middle-class population, which is consequently increasing buying power worldwide. According to the OECD, the continent’s share of total middle-class consumer spending worldwide may escalate to 59% by 2030. Thus, the ascending middle-class population coupled with an increase in consumer spending capability is fueling the demand for convenient and tasty ways to supplement their diets, which in turn creates demand for sweet and chewy foods in the region.

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The kids segment is projected to grow at the fastest rate among all the other end-users in the Gummy Supplements market in 2023

Gummy supplements have grown in popularity as a convenient way to provide kids with the vitamins and minerals they require without having to consume a range of foods. Gummy supplements meet the changing demands of children. They supply comprehensive nourishment in an uncomplicated way to the kids. They are superior to normal vitamins and more appealing to capture kids' interest and make them easier to ingest. Unlike tablets or pills, gummies are easier for kids to swallow since they are shaped like sweets. Additionally, according to the scientific article titled “Intraindividual double burden of overweight and micronutrient deficiencies or anemia among preschool children”, published in 2020, an estimated 29% of preschool children worldwide are vitamin A deficient, 18% are anemic, and 17% are at danger of low zinc intake. Thus, the soaring rates of micronutrient deficiencies can be reduced with the help of gummy supplements, augmenting its market growth.

Hypermarkets and Supermarkets are a Popular Places to Find Gummy Supplements

Hypermarkets and supermarkets typically offer a wide variety of gummy supplements, which are becoming increasingly popular due to their ease of consumption and pleasant taste. In hypermarkets and supermarkets, a range of gummy supplements targeted towards different age groups, genders, and health needs are made available. For example, there are gummy supplements for children that contain vitamins and minerals to support their growth and development, as well as gummy supplements for adults that may contain ingredients to support immune health, energy levels, or joint health.

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US is one of the Major Market for Gummy Supplement in North America

The United States is one of the largest markets for gummy supplements in North America. The popularity of gummy supplements has increased significantly in recent years due to various factors, including the rising incidences of vitamin deficiencies, increasing demand for vitamin C and D supplements, and the need for personalized supplement solutions. Gummy supplements are a convenient and tasty way to supplement vitamin deficiencies and support health and wellness goals.

The key players in this market include GSK PLC. (UK), Church & Dwight CO., INC. (US), H&H Group (Hong Kong), Amway (US), Procaps Group(Luxembourg), The Clorox Company (US), Bayer AG (Germany), Haleon Group of Companies (UK), Catalent, Inc. (US), Nestle (Switzerland), Unilever (UK). in sugar substitutes market include International Flavors & Fragrances Inc. (US), ADM (US), Tate & Lyle (UK), Ingredion (US), and Cargill, Incorporated (US).

Growth Strategies Adopted by Major Players in the Lactase Market

The global lactase market is projected to reach USD 336 million by 2027, at a CAGR of 6.3%, in terms of value, between 2022 and 2027. It is estimated to be valued at USD 247 million in 2022. Lactose is a type of sugar found in milk and other dairy products, lactase is an enzyme that helps in breaking down the milk sugar lactose into simple sugars, namely glucose and galactose. Factors, such as increasing demand for lactose-free and rising product development & innovations in other application areas like pharmaceutical, dietary supplements, and infant nutrition are expected to boost the demand for lactase on a global level. Key players in the market are introducing new food products like lactose-free cream, ice cream, and milk alternatives to address the growing lactase-deficient population.

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By source, the bacteria segment is projected to grow at the highest CAGR in terms of value in the lactase market during the forecast period

Based on the source, the bacteria segment is estimated to grow at the highest CAGR, in terms of value, during the forecast period in the lactase market. The lactase gene from bacterial sources is obtained from three major bacteria, namely Lactobacillus acidophilus, Bifidobacterium longum, and Enterococcus faecalis. These are non-pathogenic in nature and possess higher enzymatic activity during the production of lactose-free products. Since these are not pathogens, the lactase enzyme sourced from the bacterial source finds its application in human nutrition and medicinal purposes.

By form, the dry segment occupies a significant market share during the forecast period

Based on form, the dry segment occupies a significant share in the lactase market during the forecast period. The dry form is more concentrated and easier to use. Enzymes are very sensitive to pH and temperature changes; hence it is important to provide optimum storage conditions. Pharmaceutical manufacturers majorly use the dry form due to ease of use in the required formulations. Most of the companies provide lactase in dry form for import and export purposes.

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Asia Pacific is projected to grow with the highest CAGR in the lactase market during the forecast period

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period and occupies a significant share in the global lactase market. The increasing awareness regarding lactose intolerance in both adults and infants is gaining momentum in the region. Additionally, the demand for lactose-reduced infant formula and lactose-free products for adult nutrition is significantly catering to the growth of the lactase market in the region. Asia Pacific is also witnessing significant expansion in terms of production by key players operating in the market. The regional manufacturers are currently focusing on new product developments and strategic deals such as partnerships, collaborations, and expansions to create more awareness among consumers and cater to the growing demand.

Food Encapsulation Market to Showcase Continued Growth in the Coming Years

The global food encapsulation market was valued at USD 11.5 billion in 2022 and is projected to reach USD 17.0 billion by 2027, growing at a CAGR of 8.2% during the study period. The market for encapsulation is growing globally at a significant pace due to its numerous applications and multiple advantages over other technologies. Some of the major advantages of encapsulation are that it helps provide enhanced stability and bioavailability to the bioactive ingredients, increases the shelf life of food products, and maintains the taste and flavor for a longer period of time. Encapsulation is increasingly used in various industrial areas, such as nutraceuticals and food and beverages.

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Vitamins and minerals is projected to grow in the food encapsulation market because of usage in superfoods for boosting brain and bone health

Consumers’ increasing attention to health and prevention, greater customized nutrition needs for different segments of the population, rising healthcare costs, search for alternatives to cure specific problems, and rising consumer awareness regarding the severity of chronic diseases drive the need for vitamins and minerals.

Vitamins are functional ingredients used in food products due to their specific nutritional properties. They are classified as fat-soluble and water-soluble vitamins. Fat-soluble vitamins contain vitamins A, D, E, and K. Vitamins B and C form a part of water-soluble vitamins. When added as a food ingredient, it is vital to target and control the release of these vitamins. This drives the need for their encapsulation. According to an article by Nutraingredients in 2019, over 40% of the vitamins consumed in the food industry are encapsulated. The encapsulation of vitamins is necessary to enclose vitamin molecules in a stable shell to prevent oxidation, preserve the nutrients, and prevent the products from deteriorating for a longer period of time.

Robotic Technology in Food Encapsulation is One of the Major Trends

Robots enhance the process of packaging nutraceutical supplements by being time-efficient and accurate. They increase the shelf life of nutraceutical ingredient products and help them comply with regulatory guidelines by reducing the risk of contamination. Furthermore, the recent increase in demand for nutritional supplements requires large-scale production, increasing the demand for robots to optimize production facilities.

Analyzing machine performance, gathering data, and troubleshooting in advance are the key robotics trends in the nutraceutical ingredients market projected to increase technology adoption in the industry. COBOTs are primarily used in the nutraceutical industry for such applications. According to TransAutomation Technologies, the labor expenditures of three people each day can be offset by a single robot that can perform one function for 24 hours per day. This helped several pharmaceutical and nutritional supplement manufacturers increase productivity, reducing their need for human labor and the challenges and costs that go along with it. Collaborative robots enable humans and robots to work together effectively in open or uncaged environments. Through collaborative robots, a human operator and robot can be engaged together in the same process, or the operator can simultaneously manage other tasks that a person might better solve.

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Asia Pacific is to grow by 9.0% CAGR during the forecast period.

The Asia-Pacific region has grown in the food encapsulation market recently. The Asia Pacific market is projected to be the fastest-growing market for food encapsulation over the next five years. Encapsulation helps in taste and flavor masking and enhances the shelf life of these products. Product manufacturers in this region face challenges due to the high atmospheric temperature, which affects the stability of bioactive ingredients. This challenge can also be overcome by using encapsulation technology.

Upcoming Growth Trends in the Aquafeed Market

The global aquafeed market is projected to reach USD 88.0 billion by 2028, at a CAGR of 7.3% over the forecast period. It is estimated to be valued USD 61.8 billion in 2023. Several important factors are driving up demand for aquafeed products on a global scale. First, a growing worldwide population has an increased need for seafood, and aquaculture offers a sustainable way to meet this demand. Fish and prawn farming has become more popular because of the depletion of wild fish stocks. Aquafeed is crucial for the healthy growth and development of aquaculture aquatic species, increasing their output and decreasing their reliance on foraging wild fish. Aquafeed products are in high demand to support the expansion of the business since advances in aquaculture technology and practises have made it more effective and financially viable.

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By form, dry segment is projected to have fastest growing rate during the forecast period.

Dry form of feed is preferred due to a few factors, such as ease of transportation, storage, and convenience associated with it, as opposed to the liquid form, which requires specialized facilities for storage and transportation. It can be purchased in bulk and is available with multiple ingredient options. Cost-effectiveness is another aspect that drives the growth of this market.

By species, fish segment is projected to have fastest growing rate during the forecast period.

In the aquafeed market, the fish segment is expanding for a variety of reasons. The need for high-quality and nutritionally balanced aquafeed is being driven by the increasing demand for fish protein on a global scale, the depletion of wild fish supplies, and the growth of aquaculture. To ensure optimum development, health, and sustainability in the sector, fish farming, with its well-established practises and different species, needs specialised feeds.

By additives, the amino acids segment is projected to have the fastest growth rate during the forecast period.

Due to their vital function in fostering the growth, development, and general health of aquatic species, amino acids are witnessing expansion in the aquafeed market. As the building blocks of proteins, amino acids help to improve nutrient absorption, feed effectiveness, and disease resistance. Additionally, customised amino acid formulations suited to match the needs of particular species are now possible because to advances in research and technology, which are fuelling the segment's expansion.

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Asia Pacific is expected to have the fastest growing rate during the forecast period.

The aquafeed market is expanding in the Asia Pacific region because of reasons like a growing population, rising seafood demand, favourable environmental conditions for aquaculture, technical improvements, and government backing. The expansion of the aquaculture sector is being fuelled by economic growth, shifting dietary tastes, and the need for sustainable protein sources, which is causing a commensurate rise in demand for aquafeed products.

The key players in this include ADM (US), Cargill, Incorporated (US), Ridley Corporation Limited (Australia), Nutreco (Netherlands), Alltech (US), Purina Animal Nutrition (US), Adisseo (Belgium), Aller Aqua A/S (Denmark), Biomin (Austria), Biomar (Denmark), Norel Animal Nutrition (Spain), Avanti Feeds Limited (India), De Heus Animal Nutrition B.V. (Netherlands), Novus International (US), and Biostadt India Limited (India).

Biological Seed Treatment Market to See Major Growth by 2025

The biological seed treatment market is projected to reach USD 1.7 billion by 2025, from USD 0.9 billion in 2020, at a CAGR of 11.9% during the forecast period. The market has been growing at a significant rate due to the increasing need for a sustainable approach in agricultural operations in developed countries. Strong research funding by key manufacturers on product development, such as compatible combinations of biological and chemical components, is expected to drive the growth of the market over the next five years.

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Companies such as BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), Corteva Agriscience (US) have been focusing on technological innovations in seed inoculation and patent registrations for new product launches to strengthen their market base in the concerned market. Apart from these companies, other biological seed treatment companies include Valent BioSciences (US), Verdesian Life Sciences (US), Plant Health Care (US), Precision Laboratories (US), Koppert Biological Systems (Netherlands), Italpollina (Italy), and Incotec (Netherlands), which have been strengthening their market position through product launches and distribution & technology agreements.

Bayer AG (Germany) is one of the active players in the biological seed treatment market. A considerable amount of Bayer revenue goes into research & development activities to offer innovative products and practices to the farming community across the world. Bayer has successfully pushed products into the market through its farmer engagement programs. Bayer has made significant investments in the acquisition of seed treatment technology providers and established research collaborations for the development of microbial seed treatment products through its SeedGrowth business unit. The acquisition of Monsanto (US) in 2018 has been a big milestone in Bayer’s history of developments, which has allowed the company to enhance its research on new technologies for improving the available solutions for crop protection. In 2018, the company received marketing authorization in many countries for new mixtures and formulations, which will further strengthen its global presence. It has also expanded its global presence with high levels of investments in R&D activities to serve its customers with innovative products in the biological seed treatment market.

Syngenta Group (Switzerland) has been a leading player in the agricultural industry by offering diverse innovative solutions to the market. Through its product investment and partnership approach, the company focuses on delivering sustainable solutions through its seed treatment technology in order to capitalize on a growing market demand for biological solutions and progress to a formidable position at the preliminary stage of the market. It has a strong brand image and early mover advantage due to the introduction of Clariva, the first biological nematicide for seed treatment. In October 2020, Syngenta Group announced the acquisition of Valagro (Italy), a leading biologicals company, through its business unit, Syngenta Crop Protection. Through this strategy, Syngenta Crop Protection positions itself as one of the key global companies to shape the rapidly growing biologicals market, which is set to nearly double in size over the next five years.

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The increasing agricultural practices and requirement of high-quality agricultural produce are factors that are projected to drive the growth of the biological seed treatment market in this region. The government policies adopted by developed countries for the ban on key active ingredients are the major factors encouraging the growth of this market in the North America region. Hence, North America is projected to be the fastest-growing region in the global market. R&D investments for the development of biological seed treatment and the installation of new production capacities by key players are projected to drive the market growth in the next five years.

Sustainable Growth Opportunities in the Biofertilizers Market

The global biofertilizers market was valued 2.8 billion in 2022 and is projected to reach USD 5.2 billion by 2028, growing at a CAGR of 10.9% during the study period. The market Size is estimated to be valued at USD 3.1 billion in 2023. Through natural processes such as nitrogen fixation; phosphate solubilization; and the production of compounds that stimulate growth, biofertilizers provide nutrients to plants. They boost soil organic matter and aid in restoring the soil's natural nutrition cycle. By using biofertilizers, growers can increase the sustainability and health of the soil and cultivate healthy crops. Only bacteria and other biological elements that are not damaging to the environment are present in biofertilizers. As a result, they contribute to reducing pollution brought on by agricultural activities, particularly soil pollution.

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By type, nitrogen-fixing biofertilizers is projected to gain largest share in the biofertilizers market during the study period

Increased biological nitrogen fixation, improved nutrient availability or uptake, greater absorption and stimulation of plant growth by hormonal action or antibiosis, or through breakdown of organic wastes are all ways that nitrogen-fixing biofertilizers aid in enhancing crop output. Also, the use of nitrogen fixing biofertilizers as a partial replacement for chemical fertilizers reduces their quantity and cost and shields the environment from contamination caused by their heavy usage. thus driving the growth of segments in the market.

By crop type, fruits & vegetables is forecasted to account for the largest share in the market during the research period

Biofertilizers are known to increase the crop productivity of various fruits & vegetables. Fruits such as bananas have a substantial nitrogen requirement; hence, the use of biofertilizer, in particular inoculation with Azotobacter, is used as an alternative and results in a higher yield than full doses of nitrogen administration. In correlation with the VAM fungus, there is a rise in the absorption of nutrients that are mobile, such as nitrogen. Organic farming produces high-quality vegetables; thus, more farmers are expected to adopt and use microbial biofertilizers in order for modern agriculture to grow sustainably.

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North America is projected to gain the largest market share in the global biofertilizers market.

North America is projected to gain the largest market share in the global biofertilizers market. The presence of large number of farmers and growers in the region allows them access to a wide range of products at competitive prices. The governments in the region are promoting the use of agricultural inputs, which cause less environmental degradation, and hence are encouraging the use of biofertilizers. In countries such as the US and Canada, farmers are focused on producing cash crops on a larger scale, which is also driving the market in the region.

Key players in this market include Novozymes (Denmark), UPL (India), Chr. Hansen Holding A/S (Denmark), Syngenta (Switzerland), T.Stanes and Company Limited (India), Lallemand Inc (Canada), Rizobacter Argentina S.A. (Argentina), Vegalab SA (Switzerland), IPL Biologicals Limited (India), and Kiwa Bio-tech Product Group Cooperation (China).