Latest Regulatory Trends Impacting the Wheat Protein Market

The global wheat protein market size is anticipated to reach a value of $2.5 billion by 2023 and $3.2 billion by 2028, representing a compound annual growth rate (CAGR) of 4.9% from 2023 to 2028. Owing to the increase in demand for meat-free diets, rising obesity cases resulting in demand for low-calorie foods, and consumers seeking healthy foods. Wheat gluten, being rich in proteins, is a suitable option and has boosted the demand for it in the global wheat protein market.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=67845768

What is wheat protein?

Wheat protein refers to the proteins found in wheat grains. It's a mixture of various proteins, mainly gluten and gliadin, which give wheat dough its elastic and stretchy properties. Gluten is composed of two primary proteins—gliadin and glutenin—which form when flour is mixed with water, providing the structure and texture to baked goods. However, some individuals are sensitive or allergic to wheat protein, leading to conditions like celiac disease or wheat allergies.

Driver: Increase in consumer preference for meat analogs

Various plant-based alternatives to meat products have acquired an increasingly growing market globally. Consumers demand meat alternatives that emulate the fibrous structure, texture, and mouthfeel of meat products. This has increased interest in developing plant protein-based meat alternatives globally. Rising awareness about healthy and nutritious food options among consumers has also led to a growing number of new consumer groups called "flexitarians" looking to reduce their daily meat consumption. This gradual shift in consumers' eating patterns has also led to the creation of novel products aimed at fulfilling consumer demand for meat products, which act as the perfect substitute not only for their taste but also for their high protein nutritional value. For instance, academic researchers and many small and medium-sized enterprises have successfully developed new meat alternatives under the European research project LikeMeat. The project created fibrous meat-like structures from plant proteins using an adapted cooking extrusion process, which was eventually processed into different food products.

Make an Inquiry: 
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=67845768

Adoption of plant-based meat substitutes is projected to drive demand for textured wheat protein

Textured wheat protein, also known as wheat meat, wheat gluten, or seitan, is a popular plant-based protein source used as a meat substitute for many years. A study published in the journal Foods in 2021 found that the demand for meat substitutes, including textured wheat protein, is increasing worldwide due to health, ethical, and environmental concerns associated with meat consumption. In 2019, a survey by the International Food Information Council found that 22% of US consumers reported consuming plant-based meat substitutes, including textured wheat protein, at least once a week.

Europe is expected to dominate the market during the forecast period

The consumption of wheat protein in Europe is the highest as compared to other regions. Consumers increasingly prefer plant-sourced proteins, such as wheat protein, due to the high prices of animal-sourced proteins. This has led to the growth of low-cost plant-sourced proteins, such as wheat and vegetable proteins, which act as substitutes for animal-sourced proteins.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=67845768

Germany is an attractive market for manufacturing companies as well as exporters. Bread constitutes a significant part of the baked goods sector, as it is one of the main components of the German diet. The bakery & snack industry of Germany is well-established and has a large consumer base with high purchasing power. Health-conscious consumers in this country demand nutritive baked goods without compromising on the taste of products. Key players in the bakery product industry are taking the initiative to develop and promote new products to meet this demand. In Germany, barley and wheat are predominantly used as sources for feed products.

Vegetable Oils in Beauty and Personal Care Market Growth Opportunities by 2027

The global vegetable oils in beauty and personal care market is projected to reach USD 5.8 billion by 2027 from USD 4.4 billion by 2022, at a CAGR of 5.7% during the forecast period in terms of value. Vegetable oils are traditionally used in cosmetic products such as day creams, night creams, lotions, lipsticks, and shampoos. The wide range of fatty acids in vegetable oils drives consumer demand, as there is a rising trend for natural and organic products. Consumer demand for healthy, natural ingredients is in tandem with the rising demand for health consciousness among consumers and the sustainability quotient. A clean label is the new norm among consumers today. The willingness to pay more for recognizable ingredients is strongest in the US, highlighting the importance of clean and clear labeling in the American market. In this report, the vegetable oils in beauty and personal care market have been studied based on type, application, nature, and region.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45404454

Drivers: Rising demand for premium quality products

Recently, there has been an increase in premium cosmetic consumers, specifically in the North American and European regions. This can be attributed to the rising awareness of various skin and hair health benefits associated with natural ingredients-based cosmetic products. As a result, consumers are conscious and always seek transparency on the premium cosmetic products they use daily. Consumers do not prefer synthetic mineral oil-based skin and personal care products, due to which cosmetic manufacturers are now strategizing on using natural ingredients. Nuts and vegetable-based oils fall under natural ingredients that cosmetic product manufacturers, specifically from the premium segment, seek the most. Such specialty natural ingredients enable key functionalities such as moisturization and skin healing properties. Hence, the consumers' concern over the transparency of cosmetic products eventually triggers a rising demand for vegetable oils.

Opportunities: Rising Demand for Vegetable Oil-Based Skincare Products to Drive the Market

Vegetable oils in skin care products are beneficial for repairing damaged and dry skin. Vegetable oils naturally contain qualities known to nourish and protect the skin over beauty and personal care products with chemicals. Vegetable oils contain fatty acids, vitamins, nutrients, minerals, and antioxidant properties to improve skin complexion, repair damage, regenerate, tone, and protect the skin, hydrate, moisturize, and delay signs of aging. Oils obtained from avocados, coconuts, sunflowers, and argan kernels possess nourishing qualities that soothe and soften skin tissues. Biotique (India) offers Almond Oil Deep Cleanse Purifying Cleansing Oil which contains almond, sesame, neem, and staff tree oils.

Make an Inquiry: 
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=45404454

Vegetable oils are an environmental-friendly substitute for mineral oils

Mineral oils and waxes are primarily saturated hydrocarbon mixtures with straight chain, branched, ring structures and carbon chain lengths greater than C14. These have been used in skin and lip care cosmetic products for decades due to their excellent skin tolerance, high protecting and cleansing performance, and wide range of viscosity options.

In recent years, consumers have been protesting using mineral oil in cosmetic products. The main arguments against mineral oil in cosmetics are that it harms the environment and may contain contaminants. Mineral oil is derived from a finite resource. As a result, protesters argue that it is not sustainable and cannot be used in cosmetic products since it harms the environment. Similarly, protesters claim that mineral oil is contaminated and even carcinogenic.

The North American Vegetable Oils in Beauty and Personal Care Market is Primarily Driven by Growth in the US and Canadian Markets

The market in North America is highly diversified, and manufacturers largely focus on developing vegetable oils to cater to the demands of end users. The native Americans of northern Mexico and the southwestern US have regarded jojoba oil for years due to its valuable qualities. It is used for multiple, varied cosmetic & medicinal purposes, such as hair dressings, body oils, and skin salves.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=45404454

The key players in this market include BASF SE (Germany), CREMER OLEO GmbH & Co. KG (Germany), SOPHIM (France), ADM (US), Maverik Oils (US), Australian Botanical Products (Australia), Zapach International (India), Ernesto Ventós S.A. (Spain), Louis Dreyfus Company (Netherlands), Cargill, Incorporated (US), Vantage Specialty Chemicals (US), OLVEA (France), All Organic Treasures GmbH (Germany), Gustav Heess GmbH (Germany), PRODIGIA (Morocco), Jayant Agro-Organics Limited (India), Sigma Oil Seeds B.V. (Netherlands), and ConnOils LLC (US).​

Dietary Supplements Market Growth Opportunities by 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.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=973

Opportunity: Shift towards plant-based supplements

The market for plant protein ingredients is growing at a high rate. Plant-based products witness a significant opportunity in the current market scenario as alternatives. The change in consumer preference and interest in plant-based sources due to its nutritional profile, inclination toward clean eating, rise in health concerns like lactose intolerance, and environmental concerns have contributed to the growth for the plant-based supplements.

Challenge: Consumer skepticism and fake supplements associated with nutraceutical products

Nutraceuticals refer to food ingredients and dietary supplements that provide certain medicinal benefits. The adoption and use of nutraceuticals are increasing due to an increase in clinical disorders. For example, there are supplements which are for people suffering from diabetes, it provides the optimum amount of fiber and protein to reduce insulin spike. However, there is a rise in consumer skepticism over these products due to the lack of availability of experimental evidence, false advertisement, and stringent regulatory framework.

The sports nutrition function segment is projected to grow at the highest rate during the forecast period.

Many sports nutrition supplements available today include multivitamins, branched-chain amino acids (leucine), omega-3 fatty acids, glucosamine, glutamine, beta-alanine, beetroot, and green tea extract, each of which provides different performance benefits. In general, all humans require an adequate amount of macro and micronutrients. However, due to extreme exertion athletes need to monitor their food intake. Sports nutrition supplements provide them with all the required nutrients, which is why this category is projected to grow fastly in the dietary supplements market.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=973

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. North American population has become more aware of health and adopting dietary supplements as a part of their daily diet regime, to have overall benefits on health and weight. The population in the region is more prone to lifestyle disorders like diabetes, obesity, and blood pressure, due to improper diet. The region is more inclined towards consuming junk and processed food that are devoid of nutrition, which gives rise to health disorders. Additionally, the trend of consuming vegan and less processed food is leading to the 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 malnourishment and other nutritional deficiencies is seen in the population in the South African region. Together, it drives the overall dietary supplements market.

Lactase Market Growth Opportunities by 2027

The lactase market size is estimated to be valued at USD 247 million in 2022 and is projected to reach USD 336 million by 2027, recording a CAGR of 6.3% during the forecast period in terms of value. Heavy investments are being made in R&D by global giants to manufacture lactase products for the pharmaceutical, dietary supplements and food and beverage industry. The global lactase market has realized opportunities in terms of growing cases of lactose intolerance, increasing health awareness and rising interest in functional foods.

Some of the Prominent Key Players are:

• CHR. Hansen Holdings A/S (Denmark)
• Kerry Group plc. (Ireland)
• Koninklijke DSM N.V. (the Netherlands)
• Novozymes A/S (Denmark)
• Merck KGaA (Denmark)
• IFF (US)
• Amano Enzyme Inc. (Japan)

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125332780

Lactase Market Growth Drivers:

• Increasing Lactose Intolerance Awareness: As awareness of lactose intolerance grows globally, more individuals are seeking lactase supplements to aid in the digestion of dairy products. This increased awareness has expanded the consumer base for lactase products.
• Rising Demand for Lactose-Free Products: The demand for lactose-free and dairy-free products is on the rise due to a growing number of individuals with lactose intolerance or those who choose to follow a dairy-free diet. Lactase is a crucial ingredient in the production of these products, driving the market growth.
• Changing Consumer Dietary Preferences: Shifts in dietary preferences, including the adoption of healthier lifestyles and specialized diets, have led consumers to explore alternatives to traditional dairy products. Lactase supplements enable individuals to enjoy dairy without experiencing discomfort, catering to evolving consumer preferences.
• Global Increase in Dairy Consumption: Despite the rise in lactose intolerance awareness, there is still a significant global increase in dairy consumption. Lactase is utilized to enhance the digestibility of dairy products, allowing individuals to enjoy the nutritional benefits of dairy without the discomfort associated with lactose intolerance.
• Growing Health and Wellness Trends: The focus on health and wellness has prompted consumers to seek products that support digestive health. Lactase supplements contribute to improved digestion of lactose, aligning with the broader trend of functional foods and ingredients that promote overall well-being.

By application, the food & beverages segment is estimated to occupy the largest market share in terms of value

By application, the food & beverages segment is estimated to occupy the largest market share in the lactase market. The lactase enzyme is an enzyme that some people are unable to produce in their small intestines. Without it, lactase-deficient people cannot break down the natural disaccharide in milk. Adding lactase to milk hydrolyzes the lactose naturally found in milk, leaving it slightly sweet but digestible. This property of the enzyme increases its wider application in the food & beverages industry.

Request for Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=125332780

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.

Sustainable Growth Opportunities in the Specialty Fertilizers Market

The global specialty fertilizers market size is projected to reach USD 33.7 billion by 2027, recording a CAGR of 6.8% in terms of value. The global industry was estimated to be valued at USD 24.3 billion in 2022 and The high nutrient use efficiency and precise & localized application associated with the specialty fertilizers help reduce growers’ dependency on commercial fertilizer usage and simultaneously achieve higher quality crops and yields with a lower environmental impact. This trend is expected to drive the market significantly in value sales during the forecast period.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57479139

UAN Provides Prolonged Nutrition to the Plants and has High Application Efficiency

UAN is one of the predominant nitrogen fertilizer sources used on pastures in the US. It provides prolonged nutrition to plants with nitrogen and has high application efficiency in all climatic zones, including dry climates. UAN applications is widely used in liquid fertilizer compared to solid and granular types. The Asia Pacific holds the largest share of the specialty fertilizer market for phosphorus, owing to the high production of cereals & grains and fruits & vegetables in China, India, and Japan.

Micronutrients are Essential for Plant Growth, Which Drives Demand For Micronutrient Fertilizers

Micronutrients consist of a fine blend of mineral elements comprising zinc (Zn), copper (Cu), manganese (Mn), iron (Fe), boron (B), and molybdenum (Mo). Mineral elements nurture horticultural crops, cereals, pulses, oilseeds, spices, and plantations. Despite their low demand, critical plant functions are hindered if micronutrients are unavailable, which results in plant deformations, lower yields, and diminished growth. Micronutrients are crucial for plant growth and play an important role in balancing crop nutrition. Micronutrient deficiency is easily identified by visual symptoms on crops and by testing soil and plant tissues. To understand these visual symptoms, it is necessary to know the role each micronutrient plays in plant growth and development.

Micronutrients are important in crop nutrition because of the increased demand for higher-yielding crops and intensive cropping. Plants require micronutrients in relatively trace amounts, which play an important role in plant metabolism, chlorophyll synthesis, the production of carbohydrates, and fruit and seed development. Apart from the direct benefits of increased crop production, micronutrients increase the efficiency of macronutrient fertilizers. The most common method of micronutrient application for crops is soil application.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=57479139

South America is growing at the fastest CAGR during the forecasted period.

The South American market includes Brazil, Argentina, Chile, and the rest of South America. According to USDA, Brazil is one of the few nations in the world with the ability to boost agricultural yields and area. The rising adoption of agrochemicals, advancements in farming techniques in Brazil & Argentina, and extensive distribution channels of global agrochemical players are projected to drive market growth.

Brazil and Argentina will occupy the major market share for specialty fertilizers in South America in 2021. However, according to FAO, these countries also depend on other nations for fertilizers since domestic production could not meet the rising demand in 2020. The climatic conditions of these countries help in the cultivation of diverse crops. Soybean, sugarcane, corn, rice, fruits, and vegetables are the major crops cultivated in this region.

The key players in this market include Nutrien Ltd. (Canada), Yara (Norway), ICL (Israel), The Mosaic Company (US), CF Industries and Holdings, Inc. (US), Nufarm (Australia), SQM SA (Chile), OCP Group (Morocco), Kingenta (China), K+S Aktiengesellschaft (Germany), OCI Nitrogen (Netherlands), EuroChem (Switzerland), Coromandel International Limited (India), Zuari Agro Chemicals Ltd. (India), and Deepak Fertilizers and Petrochemicals Corporation Limited (India).

Biostimulants Market Industry Overview, Growth Opportunities, and Leading Players

 The global biostimulants market is estimated at USD 3.9 billion in 2023 and is projected to reach USD 6.8 billion by 2028, at a CAGR of 11.8% during the forecast period. The global biostimulants market has witnessed remarkable growth in recent years, driven by increasing awareness of sustainable agricultural practices and the need for enhanced crop productivity. Biostimulants are natural or synthetic substances that stimulate plant growth and development, improving nutrient uptake and stress tolerance. As the demand for organic and environmentally friendly farming practices rises, biostimulants play a pivotal role in optimizing plant health and overall yield. With advancements in biotechnology and research, the biostimulants market is poised for further expansion, offering innovative solutions for farmers to meet the challenges of a growing global population and changing climate conditions.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1081

By active ingredient type, microbial amendments are estimated to grow at the highest rate in the biostimulants market.

The global biostimulants market is witnessing a significant surge in interest and investment, with microbial amendments emerging as a key driver of this growth. Microbial amendments, which encompass beneficial microorganisms such as bacteria and fungi, are gaining prominence for their pivotal role in enhancing soil health and promoting sustainable agricultural practices. These microscopic allies contribute to improved nutrient uptake, disease resistance, and overall plant performance, making them integral components of modern farming strategies. As awareness of the environmental impact of traditional agricultural practices grows, microbial amendments are increasingly being recognized for their ability to reduce the reliance on synthetic fertilizers and pesticides. This shift aligns with the global trend towards eco-friendly and organic farming methods. The market for microbial amendments is characterized by ongoing research and development initiatives aimed at harnessing the full potential of beneficial microorganisms.

By crop type, fruits & vegetables accounted for the largest share in 2022 in terms of value

The global biostimulants market is witnessing a significant upswing, particularly within the fruits and vegetables crop segment, as growers increasingly recognize the value of these innovative products in enhancing yield and quality. Biostimulants, comprised of natural compounds and microorganisms, serve as growth enhancers for plants, promoting nutrient uptake and stress tolerance. In the fruits and vegetables sector, where quality and appearance are paramount, biostimulants have emerged as indispensable tools for growers aiming to optimize crop production while adhering to sustainable practices. The demand for biostimulants in fruit and vegetable cultivation is propelled by a growing consumer preference for fresh, high-quality produce and a simultaneous desire for environmentally conscious farming methods. These biostimulants not only improve the overall health of plants but also contribute to the reduction of chemical inputs, aligning with the increasing global focus on sustainable agriculture.

Make an Inquiry: 
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1081

By Form, the dry segment is estimated to grow at a higher rate in the biostimulants market

One of the primary advantages of dry biostimulants lies in their versatility and compatibility with various cropping systems. The concentrated nature of these formulations allows for precise dosing, ensuring cost-effectiveness for farmers. As agriculture continues to grapple with challenges such as climate change and resource constraints, the dry biostimulants market is poised to address these issues by promoting water-use efficiency, nutrient absorption, and stress tolerance in plants. The dry form of biostimulants has emerged as a key player in the ever-evolving agricultural landscape, offering farmers a convenient and efficient solution to enhance crop productivity. With the increasing demand for sustainable farming practices, the dry biostimulants market has witnessed substantial growth. These formulations, available in powder or granular forms, provide ease of storage, transportation, and application, making them a preferred choice for farmers seeking practical solutions for improved plant growth and development.

By mode of application, the seed treatment segment is estimated to grow at the highest rate in the biostimulants market.

Seed treatment involves the application of biostimulants to seeds before planting, aiming to enhance germination, seedling vigor, and overall crop performance. As sustainability becomes a focal point in agriculture, seed treatment with biostimulants offers a targeted and efficient approach to optimize plant growth while minimizing environmental impact. Biostimulant-infused seed treatments not only improve nutrient uptake and stress tolerance but also contribute to the reduction of chemical inputs, aligning with the global push towards eco-friendly farming practices. This trend is bolstered by continuous research and development efforts, leading to the introduction of innovative seed treatment solutions that cater to diverse crops and environmental conditions.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1081

The Europe region will account for the largest share in 2022 in terms of value.

The region's agricultural landscape is characterized by a strong commitment to environmental stewardship, with farmers increasingly seeking innovative solutions to enhance productivity without compromising long-term sustainability. The European Union's endorsement of bio-based products, coupled with supportive regulatory frameworks, has provided a conducive environment for the widespread adoption of biostimulants across various crops. Biostimulants, which encompass a diverse range of substances fostering plant growth, have garnered increasing attention as key contributors to optimizing crop yields while minimizing ecological impact. The European market for biostimulants is experiencing robust growth, driven by stringent regulations promoting sustainable farming practices and the increasing preference for organic produce.

Key players operating in this market include BASF SE (Germany), UPL (India), Valagro (Italy), Gowan Group (US), FMC Corporation (US), ILSA S.p.A (Italy), Rallis India Limited (India), Haifa Group (Israel), ADAMA (Israel), Biovert-Manvert (Spain), Koppert (Netherlands), and AgriTecno (Spain). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.

Rodenticides Market Growth Opportunities by 2027

 The global rodenticides market is predicted to experience a 5.8% compound annual growth rate, leading to 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.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=189089498

increase in demand for rodent pest control services from the hospitality and tourism sectors

With the growing interest in recreational activities and aesthetics among consumers, the demand for maintenance services to control rodent pests and their possible damages are the key factors that are projected to drive market growth for rodenticides shortly. The entertainment sector, warehouses, construction companies, the food service segment, pharmaceutical companies, and the hospitality sector play an important role in encouraging the demand for pest control products & services, particularly for rodents. The economic losses due to the damages caused by pests, such as rodents, affect the tourism industry. The growth of the hospitality and entertainment sectors in urban areas due to the high purchasing power among consumers has driven the demand for rodent control products.

Rising awareness about sanitation and hygiene among people is driving the demand for rodenticides for residential purposes.

Rodents like rats are mostly found in kitchens due to food and food-related garbage. The increase in health and hygiene concerns among people and the affordability of pest control practices encourage them to adopt such practices for a rodent-free environment. Sewers, open areas, and waste dumps are highly susceptible to rat infestations. Thus, the application of rodenticides becomes essential. Rodenticides are used in and around buildings to control rat infestations. The presence of rodents can result in the transmission of zoonotic diseases, such as plague and leptospirosis. As a result, urban centers stock up on rodenticides to take immediate action on the transmission of diseases and prevent contagious diseases.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=189089498

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

The Asia Pacific market is completely driven by the country markets of China, India, Japan, Australia, Thailand, Indonesia, and a few other Asian countries. As the world’s largest and most populous region, Asia-Pacific is one of the key markets for rodenticides. Rodents are common pests present in agricultural fields. Annually, extensive volumes of agricultural produce are destroyed and contaminated by rodents. To meet the increase in demand for food products and to reduce the crop damage caused by rodents, the use of rodenticides has increased significantly in the region. The food retail, food manufacturing, pharmaceutical, hospitality, and residential sectors are expected to be major growth verticals in this market.Asia Pacific is expected to be the fastest-growing region during the forecast period due to several reasons. One of the major drivers of the market is the fact that agriculture is one of the most significant revenue-generating sectors in China and India. The growing population within the region is urging the farmers to provide a maximum yield to fulfill the demand of the increasing population. In such cases, the increasing crop damage and decreasing food production due to rodents are expected to leverage this market positively.

Key players 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).