Fats and Oils Market Growth Opportunities by 2026

 The fats and oils market is estimated to be USD 236.7 billion in 2021; it is projected to grow at a CAGR of 3.8% to reach USD 285.2 billion by 2026. The global fats & oils market is being highly driven by robust demand dynamics emanating from both the food and non-food application sectors. Although country-level dietary guidelines advocate a switch to unsaturated fats, the sales of butter and all the other vegetable oils are witnessing decent growth because they are perceived as being more natural. The fats & oils market is also driven by non-food utilization, particularly for the production of oleochemicals and biofuels. Mandatory blending targets for biofuels have encouraged the uptake of these commercially important lipid compounds in Western markets, which were soon adopted by developing countries.

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The fats and oils market has been growing steadily in developed countries and emerging countries, such as the US, Brazil, China, India, and Indonesia. Among vegetable oils, palm oil remained the most popular with around 30% of the market share. Animal fats find major applications in pet food, animal feed, and other industrial purposes such as biodiesel and oleochemicals. Oils of plant origin have been predominantly used for food-based applications. The fats & oils market, by form, is estimated to be dominated by the liquid segment in 2021.

On the basis of type, the vegetable oil is projected to be the largest segment during the forecast period.

The health benefits, easy availability, and cost-effectiveness are some of the factors that has driven the market for fats & oils. Within vegetable oils, the palm oil segment has dominated the market, as it is easily available and is relatively more stable than other oils.

On the basis of source, vegetable segment is expected to retain its dominance in the foreseeable period.

Vegetable oils from sunflower, rapeseed, soybean, palm, cottonseed, and coconut are highly used in food applications, which has driven the market for vegetable-sourced oils. The qualities associated with vegetable oils, such as low-fat, low-cholesterol, and low-calories content, are registering growth in the segment. Also, the variety of uses of vegetable oils in food as well as other industries such as pleo-chemical industries, animal feed, and the energy & biomass industries has also driven the market for vegetable oils.

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Asia Pacific is projected to be the fastest-growing region in the fats and oils market.

The Asia-Pacific region is projected to be the fastest-growing market for fats & oils. The region is home to two important palm and palm kernel oil-producing countries, namely Malaysia and Indonesia, and two major fats and oil-consuming countries, namely China and India. This is one of the significant factors that ensures that the Asia-Pacific region is the largest as well as the fastest-growing market in fats & oils.

Key Market Players:

Key global market players offer wide range of fats & oils products in the retail chain. While prominent palm oil producing companies are present in Asia pacific region. The soybean oil producing companies capture the North American market. The key companies in the fats and oils market are Associated British Foods PLC (UK), Archer Daniels Midland Company (US), Bunge Limited (US), Wilmar International Limited (Singapore). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the fats and oils market.

Meat Products Market Will Hit Big Revenues In Future

According to a research report "Meat Products Market by Animal (Beef, Pork, Poultry), Type (Processed, Frozen, Canned/Preserved, Chilled, Fresh), Distribution Channel (Retail, Food Service, E-Commerce), Nature, Packaging, and Region - Global Forecast to 2028" published by MarketsandMarkets, the global meat products market, valued at USD 44.3 billion in 2023, showcases a remarkable growth projection, anticipated to escalate to USD 68.9 billion by 2028, indicating a robust compound annual growth rate (CAGR) of 9.2% during the forecast period. The consumption of poultry meat has increased across nearly all countries and regions. Consumers are drawn to poultry for its affordability, product consistency, adaptability, and higher protein/lower fat content. On a per capita basis, the substantial growth rates in poultry consumption underscore its significant contribution to the national diets of several densely populated developing countries. These countries include China, India, Indonesia, Malaysia, Pakistan, Peru (anticipated to surpass the United States as the second-largest per capita consumer), the Philippines, and Vietnam.

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The food service segment in the meat products market is poised for remarkable growth with the highest CAGR in the upcoming forecast period.

Marketing and menu promotion in the context of restaurants involve strategic efforts to attract customers, create brand awareness, and drive sales of specific menu items for meat-based dishes. the increasing demand for meat in restaurants is influenced by a combination of factors such as culinary innovation, convenience, social experiences, and changing consumer preferences. The restaurant industry continues to adapt to evolving trends, contributing to the sustained and growing popularity of meat-based offerings. Various food service types such as restaurants, takeaways, caterers cater to a diverse range of culinary preferences, offering various meat-based dishes to satisfy different tastes and cultural preferences. This diversity attracts customers seeking a broad selection of meat options. The convenience of dining out is a significant factor contributing to the demand for meat in restaurants. Consumers often prefer the ease of having professionally prepared meat dishes without the need for cooking at home.

The frozen segment within the meat products market emerged as a pivotal force in 2022, steering the market's momentum.

The increasing popularity of frozen meat in the meat products market reflects the changing preferences and lifestyle needs of consumers. In an era where busy schedules are the norm, consumers prioritize convenience and time efficiency. Frozen meat products, which include a variety of processed options, provide a quick and uncomplicated meal solution that requires minimal preparation. The flash-freezing method not only ensures convenience but also extends the shelf life of the products while preserving their nutritional content. This aligns with the growing emphasis on food safety and quality, positioning frozen meat as a reliable choice for consumers. Additionally, the globalized nature of cuisine and the desire for diverse culinary experiences have led to a demand for a broader range of meats, a demand readily met by frozen options. Advances in freezing technologies, such as Individual Quick Freezing (IQF) and cryogenic freezing, significantly contribute to enhancing the overall quality of frozen meat products. The increasing preference for frozen meat is reshaping the dynamics of the meat products market, resulting in market expansion, heightened competition, and greater global market penetration. Manufacturers and retailers are adapting with creativity and strategic marketing initiatives, shaping a dynamic and competitive landscape within the industry. As the momentum of the frozen meat segment continues, it reveals promising opportunities for both consumers and industry stakeholders, influencing the future trajectory of the meat market.

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US is poised to maintain its dominant position within the North American meat products market throughout the forecast period.

In 2022, the United States exhibited higher per capita consumption and per capita expenditure on meat compared to global and regional levels. The predominant category was chilled raw packaged meat-processed, followed by fresh meat (counter), chilled raw packaged meat – whole cuts, frozen meat, cooked meats – counter, cooked meats – packaged, and ambient meat. Among the leading cities in the US meat sector, fresh meat (counter) led in volume terms in 2020. Meat consumption was notably higher among males than females in the US. Hypermarkets & supermarkets emerged as the largest distribution channel in the US meat sector in 2022, followed by food & drinks specialists and convenience stores. Rigid plastics emerged as the most utilized packaging material in the US meat sector, with flexible packaging and rigid metal following in usage.

Prominent industry players, including Cargill (US), Hormel Foods Corporation (US), Verde Farms (US), Lopez Foods, Inc (US) wield substantial influence in the meat products market. These entities boast robust manufacturing facilities and well-established distribution networks across pivotal regions such as North America, Europe, South America, and the Asia Pacific, ensuring a widespread presence and accessibility of their products.

Biofertilizers Market to Witness Unprecedented Growth in Coming Years

 The global biofertilizers market was valued at 2.8 billion in 2022 and is projected to reach 5.2 billion by 2028, growing at a CAGR of 10.9% during the study period. The market 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 crop type, fruits & vegetables is forecasted to account for the largest share in the market during the research period

Biofertilizers are known to increase 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 utilzsed as an alternative and results in a higher yield than full doses of nitrogen administration. In correlation with 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.

Adoption of precision farming and protected agriculture

The goal of precision farming is to produce profitable agricultural output by identifying and analysing spatial and temporal variability using cutting-edge technologies. To boost crop output and yield, agricultural biologicals are employed in precision farming and protected agriculture. The market for biofertilizers is growing as a result of the widespread use of agricultural biologicals in protected agriculture, which promotes the use of biofertilizers. Farmers can track the application of liquid biofertilizer by using fertilisation plans that use GPS-guided geographic information system (GIS) software. Therefore, it is anticipated that the market for biofertilizers will be driven by the rise in land under precision and protected agriculture.

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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 in the region allows farmers/growers in the region, access to wide range of products at competitive prices. The governments in the region are promoting use of agricultural inputs which causes less environmental degradation and hence are encouraging the use of biofertilizers. In countries such as US and Canada, farmers are focused on producing cash crops at 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).

Animal Disinfectants Market Industry Analysis, Trends, and Revenue Forecast - 2028

 The global animal disinfectants market is projected to reach USD 4.9 billion by 2028 from USD 3.4 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. The animal disinfectants market has experienced substantial growth in recent years, driven by numerous factors. Increasing concerns regarding animal health and welfare, coupled with the rising demand for safe and high-quality animal products, have propelled the adoption of effective measures in the livestock industry. This measure includes the use of disinfectants as a vital remedy for the well-being of animals. Disease outbreaks, both in developed and developing economies have highlighted the need for robust disinfection protocols to prevent the spread of pathogens. Additionally, technological advancements and research investments have also contributed to the development of innovative and more efficient disinfection solutions. As the global demand for animal protein continuous to rise and awareness of biosecurity practices increases, the animal disinfectants market is expected to witness sustained growth in the foreseeable future.

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By application, the dairy cleaning segment is projected to dominate the market during the forecast period.

The cleaning of dairy cattle involves removing equipment and bedding before cleaning. The nature of the surfaces will influence the disinfection process. Rough and porous surfaces are difficult to disinfect in comparison to smooth surfaces. Both the milking parlor and milk toxin-producing machines must be cleaned daily. The milking machines, including the teat dips and milk tongs, are among the major sources of infection and can have an adverse impact on the health of the livestock. Therefore, these disinfectants can be applied to various areas, including milking parlors, holding pens, feeding areas, equipment like milking machines and others to thoroughly sanitize and eliminate the potential sources of contamination. Also, the regular utilization of animal disinfectants in dairy cleansing helps to create a healthier and more productive environment for both animals and dairy workers, thereby promoting the overall well-being and efficiency of the dairy operation.

Europe is expected to lead the animal disinfectants market with the highest market value during the forecast period.

Europe is one of the leading per capita consumers of chemicals and is a key market for animal disinfectants. There has been a significant utilization of animal disinfectants for farm animals in the region to reduce animal diseases. Regulatory requirements and standards regarding animal health and welfare are becoming more stringent in Europe. Compliance with these regulations necessitates the use of effective disinfection protocols. As a result, farmers and animal care facilities are seeking reliable and approved animal disinfectants to ensure they meet the required hygiene standards. This has contributed to the rising demand for such products in the European market. The region also has a significant livestock population that includes poultry, cattle, swine, and others. The concentration of livestock in the region, both in terms of commercial farming and smaller-scale operations, creates a substantial market for animal disinfectants to preserve the health and hygiene of the animals.

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The key players of the market include Neogen Corporation (US), GEA Group (Germany), Lanxess (Germany), Zoetis (US), Solvay Group (Belgium), Kersia Group (France), Stockmeier Group (Germany), Ecolab (US), Albert Kerbel GMBH (Germany), PCC Group (Germany), G Sheperdanimal Health (UK), Sanosil Ag (Switzerland), Delaval Inc (Sweden), Diversey Holdings Ltd (US), Fink Tech Gmbh (Germany). These companies have been focusing on expanding their market presence, enhancing their solutions, and partnering with many channel partners to cater to consumers across the globe. The deep roots of these players in the market and their robust offerings are among the major factors that have helped them achieve major sales and revenues in the global animal disinfectants market.

Agricultural Testing Market Size, Share, Growth, Trends and Industry Forecast

The agricultural testing market is projected to reach USD 9.8 billion by 2028 from USD 6.7 billion by 2023, at a CAGR of 7.1% during the forecast period in terms of value. The demand for agricultural testing is increasing due to several factors. Concerns about food safety and public health drive the need for testing to identify contaminants and ensure the safety of agricultural products. Quality assurance is another driver, as testing helps determine nutrient content, maturity, and genetic modifications to meet market requirements. Environmental concerns prompt testing to assess soil health and detect contamination. Testing also aids in optimizing crop yields by identifying nutrient deficiencies and managing pests. International trade requires testing to comply with regulations, while advancements in technology make testing more efficient and accessible. These factors collectively contribute to the rising demand for agricultural testing.

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By application, safety testing is projected to have fastest growing rate during the forecast period.

products are subject to various national and international regulations, standards, and guidelines. Safety testing is necessary to comply with these regulations and ensure that products meet the specified safety criteria. Non-compliance can result in product recalls, legal consequences, damage to reputation, and loss of market access. By conducting safety testing, agricultural businesses can demonstrate their commitment to meeting regulatory requirements and providing safe products to consumers. Also, agricultural products are often traded internationally, and different countries have specific safety standards and import regulations. Exporting agricultural products requires compliance with the safety requirements of the destination market. Safety testing is necessary to ensure that products meet these standards and avoid potential trade barriers or rejections. Exporters must provide evidence of safety testing to demonstrate the suitability of their products for international markets.

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

The Asia-Pacific region is home to a significant portion of the global population, including countries like China and India, which have the world's largest populations. This densely populated region requires extensive agricultural production to meet the growing food demand. As a result, there is a greater need for agricultural testing to ensure the safety, quality, and productivity of agricultural products. The Asia-Pacific region has experienced rapid industrialization and urbanization, leading to increased pollution and pressure on agricultural lands. This has raised concerns about the impact of industrial activities and urban expansion on agricultural productivity and safety. Agricultural testing helps identify and mitigate potential contamination risks, ensuring the safety and sustainability of agricultural practices in the face of urban development.

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The key players in this market include SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK), Bureau Veritas (France), ALS Limited (Australia), TUV Nord Group (Germany), Merieux (US), AsureQuality (New Zealand), RJ Hill Laboratories Limited (New Zealand), SCS Global (US), Agrifood Technology (Australia), APAL Agricultural Laboratory (Australia), Agvise Laboratories (US), LGC Limited (UK), and Water Agricultural Laboratories (US). These players have adopted various growth strategies such as collaborations and acquisitions to increase their global market presence.

Modified Starch Market Growth by Emerging Trends, Analysis, & Forecast

The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. Modified starches are manufactured from native starches. Various processing methods, such as physical, enzymatic, wet and dry chemical processes, drum drying, and extrusion, are used to produce different types of modified starch products. These processes are used to change the properties of native starch, such as its freeze-thaw stability, acid or alkali resistance, and shear stability, to meet industrial requirements. Modified starches are used for functions such as thickening, stabilizing, binding, and emulsification. Apart from food products, it is also used in a wide range of non-food applications and in the animal feed industry.

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Cassava is the fastest-growing raw material segment in the global modified starch market

Cassava is one of the world’s major starch crops. It has a long, tuberous starchy root that finds its place as an essential ingredient in many Latin American and Caribbean cuisines. Cassava is a widely grown tuber in most African and Asian countries, and it is also the most economical source of starch at a global level. It was, hence, prudent that, in the wake of the forecasted shortage of corn and wheat as sources of starch, cassava (tapioca) starch would gain attention. Tapioca is the starch extracted from the storage roots of the cassava plant. The similarity of the functional properties of tapioca and corn starch has added to their advantages.

Modified tapioca starch is extensively used in a range of applications, such as food & beverages, paper, mosquito coils, textiles, chemicals, construction, adhesives, and pharmaceuticals. It also has a bland taste and is thus an ideal ingredient for food and feed applications. As Asia is the center for the production and consumption trends for the global modified starch market, cassava starch in Asia is estimated to be the key driver in the future, with a prime focus on convenience foods in China and India.

Industrial application were the second-largest segment in the modified starch market and anticipated to witness decent growth rate over the forecast period

Starch has a wide range of commercial and industrial applications. Modified starch products find applications in the paper & paper cone industries, the glue and adhesive industries, sand binding manufacturing, pharmaceuticals and cosmetics, detergent manufacturing, and several other related industries. The construction industry requires special acid-modified starches to work as protective colloids to increase the strength of wallboards. Starch blends may be used as adhesives for the edges of wallboards. The range of industrial applications for modified starch is gradually increasing globally. Asian countries with rising income levels and industrialization are increasingly using modified starches for these non-food applications, in addition to the existing food applications.

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Asia Pacific is the largest and fastest-growing region in the modified starch market and anticipated to maintain its dominance over the forecast period

The modified starch market in the Asia-Pacific region is the largest. The market is estimated to grow at a significant rate, owing to the rising demand in large economies such as China, India, Japan, and other Southeast Asian countries. The industrial organization and technology of starch processing are changing rapidly in the region. Unlike other regions where starch is processed almost entirely by large companies, in Asia Pacific, starch processing is done by small and medium-sized firms. Historically, native starch has been largely used for food products in the region. The industrial applications and technologies involved in starch processing are changing rapidly in the Asia Pacific countries. Modified starch is increasingly being demanded by many industries in the region. Various industries are incorporating modified starches in their manufacturing processes and products.

The key players in this market include ADM (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (France), Avebe U.A. (Netherlands), Grain Processing Corporation (US), Emsland (Germany), AGRANA (Austria), SMS Corporation (Thailand), Global Bio-Chem Technology Group (Hong Kong), SPAC Starch (India), Qindao CBH Company (China), Tereos (France), and KMC (Denmark).

Latest Innovation in Global Dietary Supplements Market 2028

The dietary supplements market is projected to reach USD 239.4 billion by 2028 from USD 167.5 billion by 2023, at a CAGR of 7.4% during the forecast period in terms of value. The demand for dietary supplements is driven by increasing consumer awareness of health and wellness, preventive healthcare, the aging population, and rising chronic diseases. The convenience of online purchasing and product availability further fuel market growth. For instance, in the United States, dietary supplement consumption is high due to a health-conscious population, a proactive approach to wellness, and a robust regulatory framework ensuring safety and quality standards.

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Based on Type, Botanicals is anticipated to grow at a significant CAGR the market

Plant-based dietary supplements are derived from botanical sources such as herbs, fruits, vegetables, and other plant materials, offering natural health-promoting compounds for supplementation purposes. The increasing awareness of plant-based dietary supplement benefits, combined with a growing interest in plant-based lifestyles, has led to the popularity of botanical supplements among North American consumers. The demand for dietary supplements in the United States is being driven by increasing health consciousness, a desire for preventive healthcare, and the convenience of dietary supplements in bridging nutritional gaps in the diet.

Based on mode of application, soft gel segments is projected to grow at the fastest rate during the forecast period.

Due to their ease of consumption, especially for individuals with swallowing difficulties. Their gel-like texture and easy-to-swallow nature make them a preferred choice. Soft gels offer enhanced bioavailability, with advanced formulations that improve nutrient absorption. They can be customized to include a wide range of ingredients, providing flexibility for specialized products. The visually appealing and professional appearance of soft gels, along with their ability to mask unpleasant tastes and odors, contribute to their popularity. Moreover, the gelatin-based shell of soft gels extends the shelf life of enclosed ingredients. These factors drive the growth of soft gels in the dietary supplements market.

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North America holds the highest market share during the forecast period.

North American nutrition and supplements hold the largest market share and are expected to expand further. The North American population has become more aware of health and has adopted dietary supplements as a part of their daily diet regime to have overall health and weight benefits. The population in the region is more prone to lifestyle disorders like diabetes, obesity, and high blood pressure due to an improper diet. The region is more inclined towards consuming junk and processed foods that are devoid of nutrition, which give rise to health disorders. Additionally, the trend toward consuming vegan and less processed food is leading to an increased intake of dietary supplements to tackle nutritional deficiencies. Additionally, South Africa seems to be a potential market in terms of production and consumption of dietary supplements. The general trend of malnutrition and other nutritional deficiencies is seen in the population in the South African region. Together, it drives the overall dietary supplements market.

Key players in this market include Nestle (Switzerland), Abbott (US), Amway Corp (US), Pfizer Inc. (US), ADM (US), International Flavors & Fragrance (US), Otsuka Holdings Co., Ltd (Japan), Glanbia PLC (Ireland), GSK PLC. (UK), Bayer AG (Germany), Herbalife International of America, Inc. (US), Nature's Sunshine Products, Inc (US), Bionova (Canada), ArkoPharma (France), American Health (US), Pure Encapsulation (US), H&H Group (Hong Kong), Nu Skin (US), Power Gummies (India), Biomedical Research Laboratories (US), HealthKart (India), NutriScience Corporation (US), Nature's Essentials (US), and Life Extension (US) These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their global market presence.