Latest Regulatory Trends Impacting the Agriculture Adjuvants Market

The agriculture adjuvants market is projected to grow from USD 3.8 billion in 2023 to USD 4.8 billion by 2028, growing at a CAGR of 4.7% during the forecast period. The agricultural adjuvants industry is growing because of the growing demand for sustainable pest management of farming operations. Additionally, the increased focus on food security is projected to fuel the development of agricultural adjuvants.

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The cereals & grains crop type segment held the largest market share in the agricultural adjuvants market in 2022

Agricultural adjuvants play an essential role in agriculture’s cereal and grain segments. According to FAO, in 2022/23, global cereal production stood at 2,786.6 million tons, with wheat contributing 800.9 million tons and rice 516.9 million tons of production. With the growing production and demand for cereals & grains, the utilization of agricultural adjuvants is growing. Celeral & grains are consumed as staple foods in most countries worldwide, and protecting these crops from weather, pests, and weeds requires agricultural adjuvants. This is increasing the demand for agricultural adjuvants in cereals & grains.

Tank-mix adjuvants are in the fastest-growing adoption stage in the agricultural adjuvants market.

Adjuvants are added separately to the spray tank, and pesticides or herbicides are known as tank-mix adjuvants. Tank-mix adjuvant ensures high performance, drift reduction, improved spray coverage, and increased absorption into the target crops. Farmers are increasingly using tank-mix agricultural adjuvants as they can customize and adjust on a case-to-case basis. Customization ensures desired performance characteristics while treating the targeted pest or weed; hence, the demand has been accelerating.

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The North American market is projected to contribute the largest share of the agricultural adjuvants market.

The demand for agriculture adjuvants in North America is experiencing notable growth due to the increasing use of precision farming in the region. This creates a favorable business environment for adjuvants manufacturers and consumers in the region. North America has the presence of major agricultural adjuvants companies, that offer a wide range of products catering to different crop types and application requirements.

The key players in the agriculture adjuvants market include Corteva Agriscience (US), Evonik Industries AG (Germany), Croda International Plc (UK), Nufarm Limited (Australia), Solvay SA (Belgium), BASF SE (Germany), Huntsman International LLC. (US), Clariant AG (Switzerland), Helena Agri-Enterprises, LLC (US), WILBUR-ELLIS AGRIBUSINESS (US), Precision Laboratories, LLC (US), and CHS Inc. (US).

Frozen Foods Market to Showcase Continued Growth in the Coming Years

At a CAGR of 5.1%, the global frozen foods market is projected to have grown from USD 284.2 billion in 2023 to USD 363.7 billion by 2028. One of the primary advantages is their longer shelf life compared to fresh alternatives. This quality significantly reduces food waste, a growing concern globally. Consumers can confidently stock up on frozen foods, knowing they won't spoil quickly, aligning with sustainability goals.

The proliferation of e-commerce has further propelled the frozen foods market. Online shopping platforms offer unparalleled convenience, allowing consumers to access and order frozen foods with ease. This digital accessibility has broadened the market's reach and made it simpler for individuals to incorporate frozen food products into their meal plans. Globalization plays a pivotal role as well, with an extensive range of international cuisines available in frozen form. Consumers can now enjoy a diverse culinary experience from the comfort of their homes, adding excitement and variety to their diets.

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Opportunities: Rising disposable incomes in emerging economies, driving frozen foods segment

The expanding trade of processed foods presents a significant opportunity within the frozen foods market. As global trade networks continue to grow, the frozen foods industry stands to benefit in several ways. Firstly, increased international trade facilitates the exchange of a wide variety of processed foods, including frozen options. This enables consumers to access a diverse range of products from around the world, expanding their culinary horizons. Secondly, globalization supports the import and export of frozen food ingredients, allowing for cost-effective sourcing of raw materials. This can lead to more competitive pricing and increased profitability for frozen food manufacturers. Moreover, international trade encourages innovation and the development of new frozen food products to meet the tastes and preferences of different regions. This diversity in offerings can attract a broader consumer base and drive market growth.

Challenges: Lack of Cold Chain Infrastructure in Developing Countries

The lack of adequate cold chain infrastructure in developing countries poses a formidable challenge to the frozen foods market. Cold chain infrastructure, which includes temperature-controlled storage, transportation, and distribution facilities, is essential for maintaining the quality and safety of frozen food products. In many developing nations, such as South Africa and Kenya, these critical components of the supply chain are underdeveloped or insufficient. This deficiency hampers the frozen foods market in multiple ways. It can lead to temperature fluctuations during transportation and storage, resulting in quality degradation and potential food safety risks. Moreover, the limited cold chain infrastructure restricts the availability of frozen products in remote and underserved areas, limiting market penetration and growth potential.

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Europe Holds the Largest Share of the Frozen Foods Market

Europe is a major hub for frozen vegetable consumption, driven by busy lifestyles and a growing demand for affordable, nutritious, and convenient food options. Rising incomes and changing dietary preferences are propelling this market, with consumers shifting towards plant-based diets. Key opportunities for vegetable suppliers are found in countries like Germany, France, Belgium, Italy, and the Netherlands. Public awareness of the superior nutritional value of frozen vegetables over fresh and refrigerated ones is boosting demand, especially among younger generations.

Sustainable Growth Opportunities in the Biostimulants Market

The global biostimulants market is estimated to be valued at USD 3.5 billion in 2022. It is projected to reach USD 6.2 billion by 2027, recording a CAGR of 11.8% during the forecast period. Biostimulants are biologically derived compounds that help to improve crop vigor, yield, quality, and tolerance to abiotic stresses. They can be applied to plants, seeds, soil, and other growing media to nurture the plant’s growth and development throughout its lifecycle, from seed germination to plant maturation. Biostimulants have been used for many years; the industry began to gain importance among growers and manufacturers due to many factors, such as the development of new technologies, growth in investment in the industry, and the lower growth rate of the agrochemical industry with falling commodity prices.

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Restraints: Commercialization of low-quality biostimulant products

Lack of transparency in patent protection laws in various countries has led to the prevalence of low-quality products. Even though the biostimulants market has limited entry barriers and allowed many competitors to commence operations, the nature of the market has become fragmented into smaller pockets of market holdings. This has been a factor in introducing low-quality products in the market by regional or local manufacturers to reap the benefits of the growing demand for biostimulants. The low prices of these products from small-scale domestic manufacturers also attract farmers to purchase them. Similar product formulations from many competitors reduce consumer loyalty as well as the brand value of the products. The biostimulants market is expected to be a niche market experiencing strong growth trends, which has to be capitalized on by developing innovative products that act on a wide range of crops with better results. When a company does not develop its unique selling proposition in the biostimulants market, it would find difficulty expanding its presence other than in the regional market.

Opportunities: Growing demands for seed treatment

According to MarketsandMarkets insights, there is a growing demand for biostimulant treated seeds globally. The production of high-quality and effective seeds is essential for obtaining a higher crop yield. Biostimulants facilitate an increase of seed vigor during the crucial growth phases, due to which they are being used globally for seed treatment purposes. In addition, many companies have already started exploring this segment with increased investments in R&D activities. The right combination of synthetic crop protection and biological-based seed treatments is proving to be useful. Cotton seedlings were the first to be treated on a large scale with biological solutions in the US in 1999; the industry has grown since. Seed treatment provides an efficient mechanism for enhancing the activity of seeds in the soil environment, where they are appropriately positioned to colonize seedlings and roots and protect them against soil-borne diseases and pests.

Global initiatives such as the “Good Seed Initiative by Commonwealth Agricultural Bureaux International (CABI) for the Sub-Saharan, African and Asian countries and the SeEdQUAL by Consultative Group on International Agricultural Research (CGIAR) are driving the use of effective biostimulants in the global seed treatment industry. The biostimulant seed treatment products not only help in protecting seeds but also act as seed enhancers. With the intervention of changes in different formulations and active ingredients, these biostimulants, in combination with biopesticides, bioinsecticides, and other biocontrols, provide a broad spectrum of protection from insects, diseases, and nematodes. By establishing a symbiotic relationship between roots and soil, biostimulants provide essential benefits to crop efficiency and productivity. Such innovations are expected to offer growth opportunities for key players in the market.

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Europe dominated the biostimulants industry and is projected to grow at a CAGR of 11.5% during the forecast period

Europe accounted for the largest share in the biostimulants market in 2021. An increase in land degradation, the need for quality parameters, and the need for high product yield have strengthened the European regulatory authorities demand for clean and sustainable input solutions. The concept of organic production has also gained popularity among farmers and consumers in the last decade. The need for organic products, such as biostimulants, has seen a rising trend in the EU. This has boosted various European biostimulant companies expanding their global network to reach the untapped market. The region has also launched the ‘European Green Deal’ initiative, which aims to expand the use of sustainable practices, such as precision agriculture, organic farming, agroecology, agroforestry, and stricter animal welfare standards. The new ‘Farm to Fork’ Strategy aims at reducing the environmental and climate footprint of the EU food system, strengthening its resilience, ensuring food security, facilitating the transition toward competitive sustainability from farm to fork, and making use of new business opportunities.

Sustainable Growth Opportunities in the Brewing Ingredients Market

The brewing ingredients market was valued at USD 34.5 billion in 2021 and is projected to reach USD 47.9 billion by 2026, expanding at a growth rate of 6.8% during the forecast period. The market is segmented into source, brewery size, and form. By source, the market has been segmented into malt extract, adjuncts/grains, hops, beer yeast, and beer additives. The malt extract segment is projected to dominate the source segment due to increased demand for natural ingredients and was estimated at USD 17.6 billion in 2021. It is projected to reach USD 24.9 billion in 2026. The adjuncts/grains segment is projected to grow at the CAGR of 6.8% due to the increase in consumption of beers.

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The key players in this market include Cargill, Incorporated (US), Angel Yeast Co. Ltd. (China), Boortmalt (Belgium), Malteurop Groupe (France), Rahr Corporation (US), Lallemand Inc. (Canada), Viking Malt (Sweden), Lesaffre (France), Maltexco S.A. (Chile), and Simpsons Malt (UK), among others.

Major players in the market are mainly focusing on rapid investments in developing economies to grab a greater number of customers in the coming years. Further, the companies are also focusing on a strategic partnership with the beer manufacturers to ensure the continuous workflow of inventories.

The core strength of the key players identified in this market is their growth strategies, such as new product launches, certifications, and expansions, among others. Undertaking new product launches and expansions has enabled market players to enhance their presence in the brewing ingredients market. Some of the key strategies followed by the leaders are mentioned below:

Cargill, Incorporated is one of the globally leading companies involved in the production of food ingredients. The company offers products for different markets such as agriculture, animal nutrition, beauty, bio-industrial, carbon solutions, food service, food & beverage, industrial, pharmaceutical, meat & poultry, transportation, and risk management. Based on application, the company has segmented its products under the food & beverage category into bakery, bev-alcoholic, beverages, confectionery, convenience foods, dairy, fruits & vegetables, infant & baby food, meat & fish, snacks & cereals, and others. The company actively operates in more than 70 countries and exports its products to customers in more than 125 countries. It is identified as a star player in the global brewing ingredients market, according to MnM analysis.

Angel Yeast Co. Ltd. is a leading producer of yeast. The company specializes in the production of yeast and yeast derivatives. It has segregated its product offerings into yeast & baking, yeast extract-savory, nutrition & health, and biotechnology. The biotechnology segment is further divided into distilled spirits & biofuels, microbial nutrition, and enzymes. The firm offers yeast through five brands: Angel, Eagle,  Bakerdream, Gloripan, and Fubon. It has 10 international advanced production bases in China, Egypt, and Russia. The company is identified as a star player in the global brewing ingredients market, according to MnM analysis.

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Boortmalt is a world leader in the production of top-quality barley malt. The company offers different malts under its five brands: Pauls malt, minch malt, les maltiers, belgomalt, and badass barley malt. The firm is present in 5 continents with 27 malting plants located in Spain, Ethiopia, the US, Canada, Argentina, Australia, the UK, France, Germany, and Hungary, among others. It supplies malt to producers of beer and whisky across the globe. The company is identified as a star player in the global brewing ingredients market, according to MnM analysis.

The Asia Pacific market is projected to grow at the highest CAGR during forecast period. The high growth rate is supported by various factors such as growing urbanization, increasing disposable income and increasing population in countries such as India and China.

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.