Dietary Supplements Market Size, Share, Growth, Trends, and Forecast

 The dietary supplements market size is expected to grow at a compound annual rate of 7.4%, reaching $167.5 billion in 2023 and $239.4 billion by 2028. This growth is driven by several factors, including an aging population, a shift from pharmaceuticals to nutraceuticals, and an increasing focus on preventive healthcare, which boosts the demand for amino acids and protein supplements. The trend toward personalized nutrition is also propelling the industry forward, as consumers prioritize self-directed care and focus on personal health, weight management, and overall well-being.

In recent years, the personal care market has evolved significantly. Consumers are increasingly adopting weight management and protein supplements to address lifestyle-related disorders. Many regions report inadequate protein intake among populations, leading to a higher demand for amino acids and protein supplements. Additionally, poor eating habits and unhealthy lifestyles have prompted a large number of consumers to turn to weight management supplements to combat obesity and overweight issues.

Dietary Supplements Market Drivers: Shift in Consumer Preferences Due to Increasing Health and Prevention Focus

A recent survey by the Council for Responsible Nutrition (CRN) revealed that 73% of Americans will use dietary supplements in 2020. The primary motivation for this growing trend is the perceived "overall health and wellbeing benefits" of these products. Rising health awareness has spurred consumers to seek out customized dietary supplements tailored to their biological needs. As health consciousness grows, there has been a significant increase in the demand for products like protein supplements, vitamins, and mineral supplements. Moreover, consumers are increasingly incorporating herbal (botanical) supplements into their daily diets to address health issues and support lifestyle changes.

The sports nutrition function segment is expected to experience the fastest growth during the forecast period.

Many sports nutrition supplements today contain a variety of ingredients such as multivitamins, branched-chain amino acids (like leucine), omega-3 fatty acids, glucosamine, glutamine, beta-alanine, beetroot, and green tea extract. Each of these components offers distinct performance benefits. While everyone needs sufficient macro and micronutrients, athletes, due to their intense physical exertion, must carefully monitor their dietary intake. Sports nutrition supplements help meet these nutritional needs, contributing to the rapid growth of this category within the dietary supplements market.

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The elderly age group is expected to hold a significant share of the dietary supplements market by target consumer during the forecast period.

Due to the increasing aging population and their specific nutritional needs. As individuals age, they may require additional support to address nutritional deficiencies and age-related health concerns. Dietary supplements provide a convenient and targeted solution to fulfill these needs, offering vitamins, minerals, and other essential nutrients. The elderly segment seeks supplements to support joint health, cognitive function, cardiovascular health, bone strength, and immune system function. Manufacturers are developing specialized formulations to cater to the unique requirements of older adults. With the growing elderly population, the dietary supplements market is expected to experience significant growth in this segment.

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

The North American market dominates in the field of nutrition and supplements and is projected to see further growth. This is fueled by a growing awareness among North Americans about the importance of dietary supplements in maintaining overall health and managing weight. Lifestyle-related ailments such as diabetes, obesity, and hypertension are prevalent in this region due to poor dietary habits, including the consumption of nutritionally deficient junk and processed foods. There's also a rising preference for vegan and minimally processed foods, which is contributing to an increased demand for dietary supplements to address nutritional gaps. Meanwhile, South Africa is emerging as a promising market for both the production and consumption of dietary supplements, driven by widespread malnutrition and other nutritional deficiencies within the population. Collectively, these factors are propelling the global dietary supplements market forward.

Top Dietary Supplements Companies

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).

Biofertilizers Market Size, Share, Industry, Forecast and Outlook (2023-2028)

 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.

Biofertilizers Market Drivers: Adoption of precision farming and protected agriculture

Precision farming aims to maximize agricultural productivity by leveraging cutting-edge technologies to analyze spatial and temporal variability. To enhance crop output and yield, agricultural biologicals are utilized in both precision farming and protected agriculture. The growing adoption of agricultural biologicals in protected agriculture is driving the biofertilizer market. This trend encourages the use of biofertilizers, as farmers can monitor liquid biofertilizer application using GPS-guided geographic information system (GIS) software. Consequently, the increasing land dedicated to precision and protected agriculture is expected to propel the biofertilizer market.

Biofertilizers Market Opportunities: New target markets: Asia Pacific and Africa

The Asia-Pacific and Africa regions are among the largest consumers of fertilizers. Population growth, particularly in Asia, has driven an increase in food demand, consequently boosting fertilizer usage. Governments in these regions are strongly promoting the use of environmentally friendly fertilizers, such as biofertilizers and organic manure, to reduce the adverse effects of chemical fertilizers. Various government agencies have helped raise farmers' awareness of the benefits of biofertilizers. In Africa, extensive conventional farming over the past few decades has relied on synthetic fertilizers to provide essential plant nutrients. However, the excessive use of these fertilizers has degraded soil quality and depleted vital nutrients. This situation has created a pressing need for biofertilizers in the region.

By mode of application, soil treatment segment is anticipated to occupy major share in the biofertilizers market during the study period.

When planting legume seeds in hot, dry, and highly acidic soils, during adverse weather conditions, or when the seeds have been treated with chemicals harmful to rhizobia bacteria, it is crucial to apply a liquid biofertilizer formulation directly to the soil to ensure optimal nodulation. When fertilizers are applied to the soil, they diffuse into the crops, enhancing yield and productivity as the roots are in close contact with the nutrients. This application method promotes growth and boosts the performance of this segment during the review period.

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

North America is expected to secure the largest share of the global biofertilizers market. The region's substantial number of suppliers provides farmers with a diverse array of products at competitive prices. Additionally, regional governments are advocating for agricultural practices that minimize environmental impact, thereby promoting the use of biofertilizers. In countries like the US and Canada, the emphasis on large-scale cash crop production further drives market growth.

Top Companies in the Biofertilizers Market

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).

Pest Control Market Size, Opportunities, Analysis, and Forecast Until 2028

 The global pest control market is expected to grow from an estimated $24.9 billion in 2023 to $32.8 billion by 2028, with a compound annual growth rate (CAGR) of 5.7% during this period. The global demand for pest control products and services is being driven by several key factors. There is growing awareness about the health risks and diseases associated with pests, prompting individuals and businesses to prioritize pest prevention and control measures. This increased focus on health and hygiene is significantly boosting the demand for pest control services. Additionally, advancements in pest control technologies and methods have enhanced the effectiveness, accuracy, and sustainability of treatments, making them more attractive to consumers.

Pest Control Market Drivers

• Increasing instances of vector-borne disease outbreaks to encourage public health initiatives
• Impact of climate change on pest proliferation
• Rising adoption of digital applications and technology

Within the mode of application segment, sprays are predicted to have the largest market value during the forecast period.

Sprays are utilized for the application of pest control in specified amounts to different surfaces and areas. Spraying allows for a widespread and even distribution of pest control products, reaching areas that might be difficult to access through other methods. This method is particularly useful for both indoor and outdoor applications, making it suitable for a wide range of pest control scenarios. Additionally, advancements in spray technology have led to the development of more targeted and eco-friendly formulations that minimize the impact on non-target species and the environment.

North America is expected to have the largest market share during the forecast period.

The market for pest control is growing in North America owing to the widening scope of applications in not only residential or commercial but also in livestock and for industrial purposes, such as in the food and pharmaceutical industries. The pest control market in North America is experiencing notable growth owing to a convergence of factors. Moreover, there are numerous companies in North America providing pest control products and services. Apart from major players, there are many local players in the market. The presence of numerous pest control companies in the region also indicates that there is high demand for the pest control management. Stringent regulations in industries such as food safety and hospitality further bolster the market's expansion. Innovations in pest control technologies, including eco-friendly solutions and integrated approaches, enhance efficacy and appeal to environmentally conscious consumers.

Top Pest Control Companies

The key players in this include Bayer AG (Germany), Corteva Agriscience (US), BASF SE (Germany), Sumitomo Chemical Co. Ltd. (Japan), Syngenta AG (Switzerland), Rentokil Initial plc (UK), Anticimex (Sweden), Rollins, Inc. (US), ATGC Biotech Pvt Ltd. (India), Ecolab Inc. (US), FMC Corporation (US), De Sangosse (France), Bell Laboratories (US), PelGar International (UK), and Fort Products Limited (UK). Companies are emphasizing on expanding their production facilities by entering into partnerships and agreements as well as by launching new products to grow their businesses and their market shares. New product launches because of extensive research & development (R&D) initiatives, geographical expansion to tap the potential of emerging economies, and strategic acquisitions to gain a foothold over the large extent of the supply chain are the key strategies adopted by companies in the pest control market.

Pest Control Industry News:

• In June 2023, Bayer AG’s agricultural division, Bayer CropScience, partnered with Crystal Crop Protection Ltd. to develop and launch groundbreaking solutions for pest control that are aimed at benefiting paddy growers across India. This partnership indicates a critical turning point in the quest to improve rice farmer yields and crop protection techniques in India.
• In June 2023, Corteva Agriscience opened a combined crop protection and seed research laboratory in Eschbach, Germany. This research centre would help the company drive innovation and deliver sustainable solutions for farmers. The expansion would also enable the company to conduct state-of-the-art crop protection studies to help develop solutions which protect crops from pests and diseases, thus boosting the pest control market.
• In April 2023, Rollins, Inc. acquired Fox Pest Control through its own brand, HomeTeam Pest Defense. The acquisition is expected to augment Rollins long-term growth strategy in new geographies across the US market.

Clean Label Ingredients Market Growth Factors, Top Companies, and Forecast Till 2029

 The global clean label ingredients market, estimated to be worth USD 50.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 69.3 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 6.7% during the forecast period. Consumers today are more informed and conscientious about their food choices, seeking products with simple, understandable ingredients. This shift in consumer preference is compelling food and beverage manufacturers to reformulate products using clean label ingredients, which typically exclude artificial additives, preservatives, and colorants. The primary driver of this market is the growing health consciousness among consumers. 

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Furthermore, the rise in health issues such as allergies and intolerances has made consumers increasingly vigilant about the contents of their food. They are scrutinizing food labels more closely, preferring products that do not contain synthetic additives or artificial ingredients. This trend is further accelerating the clean label movement as manufacturers respond to consumer demands by reformulating their products to exclude potentially harmful substances and highlight their commitment to health and safety. As a result, the market for clean label ingredients continues to grow, reflecting a broader societal shift towards prioritizing natural and transparent food options.

The prepared food/ready meals & processed foods segment, among food applications, is estimated to hold the largest share throughout the forecast period.

The prepared food/ready meals and processed foods segment is projected to dominate the clean label ingredients market throughout the forecast period, driven by evolving consumer preferences and significant industry shifts. As consumers increasingly seek convenience without compromising on health, the demand for ready meals and processed foods made with clean label ingredients is surging. The hectic lifestyles of contemporary consumers are a major factor contributing to this expansion, as they increase the need for quick and simple meal alternatives. Moreover, the discriminating and health-conscious customers of today demand that processed foods and ready meals be free of artificial additives, preservatives, and artificial substances. In order to allay these worries, the clean label offers products that appeal to a wide range of consumers by combining convenience and health benefits.

Additionally, the rise in health awareness and the growing prevalence of dietary-related health issues, such as obesity, diabetes, and food allergies, are compelling consumers to opt for cleaner, more natural food options. This shift is prompting manufacturers in the prepared food and processed foods segment to reformulate their products using clean label ingredients, such as natural preservatives, plant-based colorants, and minimally processed components.

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In Europe, Germany is poised to maintain its dominant position within the clean label ingredients market throughout the forecast period.

Throughout the projection period, Germany is expected to maintain its dominant position in the European clean label ingredients market due to high consumer demand and a strong emphasis on food quality and safety. When it comes to food, German consumers are especially picky, exhibiting a significant preference for natural, organic, and additive-free products. Food producers are being forced by consumer behavior to restructure their goods using clean label ingredients in order to satisfy the increasing demand for food labels that are clear and easy to read.

Moreover, Germany's regulatory landscape is highly supportive of the clean label. The country has some of the most stringent food safety and labeling regulations in Europe, which encourage manufacturers to adopt cleaner and more transparent ingredient lists. Regulatory bodies, such as the Federal Office of Consumer Protection and Food Safety (BVL), play a critical role in enforcing these standards, thereby fostering a market environment that prioritizes clean and natural ingredients.

The key players in the market are Cargill, Incorporated (US), ADM (US), DSM (Netherlands), International Flavors & Fragrances Inc. (US), Kerry Group plc (Ireland), BASF SE (Germany), Ingredion (US), Sensient Technologies Corporation (US), Corbion (Netherlands), Symrise (Germany), Chr. Hansen A/S (Denmark), Puratos (Belgium), Ajinomoto Co., Inc. (Japan), Tate & Lyle (UK), and Givaudan (Switzerland).

Carotenoids Market Trends, Top Companies, Share, Growth, and Forecast 2029

 The global carotenoids market is estimated at USD 2.5 billion in 2024 and is projected to reach USD 3.4 billion by 2029, at a CAGR of 6.3% during the forecast period. The carotenoids market is experiencing significant growth due to several key factors driving demand. Firstly, there is a growing awareness and preference among consumers for natural and clean label products, particularly in the food, beverage, and cosmetics industries. Carotenoids, being natural pigments found in fruits, vegetables, and algae, are increasingly sought after as natural colorants and antioxidants, contributing to the market's expansion. Moreover, with rising health concerns and an increasing emphasis on preventive healthcare, the nutritional benefits of carotenoids, such as their role in supporting eye health and boosting the immune system, have garnered significant attention. Additionally, advancements in extraction and encapsulation technologies have enhanced the availability and efficacy of carotenoids in various applications, further fueling market growth. Furthermore, the expanding use of carotenoids in animal feed to improve animal health and enhance the color of poultry and fish products has contributed to the market's expansion.

Top Carotenoids Companies

• DSM (Netherlands)
• BASF SE (Germany)
• Cyanotech Corporation (US)
• Givaudan (Switzerland)
• ADM (US)
• NHU (China)
• Divi's Laboratories Limited (India)
• Allied Biotech Corporation (Taiwan)
• Lycored (US)
• Kemin Industries, Inc. (US)

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By source, the natural segment is expected to grow at the highest CAGR during the forecast period in terms of value.

Increasing consumer demand for natural and clean label products, fueled by growing health awareness and apprehensions regarding synthetic additives, is driving the preference for natural carotenoids. Regulatory agencies and health associations are endorsing the use of natural ingredients in food and supplements, amplifying the demand for natural carotenoids. Enhanced extraction techniques and intensified research and development endeavors have streamlined the production of natural carotenoids, making it more cost-effective and efficient. Consequently, these factors have propelled the natural segment to exhibit a superior CAGR in the carotenoids market in contrast to the synthetic segment.

By formulation, beadlet segment is estimated to grow at the highest CAGR during the forecast period.

Beadlet formulations present several advantages, including enhanced stability, improved bioavailability, and ease of integration into diverse food and beverage items. These qualities make them highly attractive to manufacturers seeking efficient methods to enrich their products with carotenoids. Recent advancements in beadlet formulation techniques have resulted in the creation of innovative and cost-effective production processes, stimulating market expansion. Furthermore, rising consumer awareness of carotenoids' health benefits, such as their antioxidant properties and support for eye health, has driven demand for products fortified with these compounds. Regulatory efforts advocating for natural ingredients in food and supplements have additionally propelled the beadlet segment, as beadlet formulations often utilize naturally sourced carotenoids.

By type, the astaxanthin segment is estimated to dominate the carotenoids market.

The dominance of the astaxanthin segment in the carotenoids market can be attributed to several factors. Astaxanthin is a potent antioxidant with various health benefits, including anti-inflammatory properties and support for cardiovascular health. Its unique molecular structure allows it to provide superior antioxidant activity compared to other carotenoids, making it highly desirable for consumers seeking natural supplements to improve overall health and well-being. Moreover, astaxanthin is commonly derived from natural sources such as microalgae and certain seafood, aligning with the growing consumer preference for natural and sustainable products. This natural sourcing contributes to the perceived purity and effectiveness of astaxanthin supplements, further driving its popularity in the market. Additionally, research highlighting astaxanthin's potential benefits for skin health, eye health, and athletic performance has fueled consumer interest and demand for products containing this carotenoid. Furthermore, advancements in extraction technologies and production processes have improved the availability and affordability of astaxanthin supplements, expanding its market reach.

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The Asia Pacific region is projected to have the fastest growth in terms of value.

The Asia Pacific region is experiencing a surge in consumer awareness about the health advantages of carotenoids, driving up demand for natural food additives and supplements. Rapid urbanization and the expansion of the middle class, particularly in countries like China, India, and Japan, are altering dietary preferences, with consumers increasingly seeking out products enriched with carotenoids for their antioxidant properties and potential health benefits. This shift has spurred significant growth in the food and beverage industry across the region, where manufacturers are integrating carotenoids into various products, including beverages, snacks, and dairy items, to cater to the growing demand for natural and healthful ingredients. Furthermore, supportive government regulations and initiatives promoting the adoption of natural ingredients in food and supplements are further propelling the expansion of the carotenoids market in the Asia Pacific region. Consequently, these combined factors are driving the highest CAGR observed in the carotenoids market in Asia Pacific compared to other regions.

Fats and Oils Market Size, Share and Global Industry Analysis - 2026

 The global fats and oils market size is projected to reach USD 285.22 billion by 2026, recording a CAGR of 3.8% during the forecast period. The global market was estimated to be valued at USD 236.7 billion in 2021. It Fats and oils are simple or mixed glyceryl esters of various organic acids, which belong to the fatty acid series; they are derived from plant or animal sources. Primary sources of fats and oils include plant sources, such as soybean, palm, rapeseed, olive oil, and sunflower oil; animal sources include butter & margarine, tallow, and lard. Apart from food uses, vegetable fats and oils are also increasingly used for industrial applications, such as soaps, detergents, paints, oleochemicals, the major one of them being biodiesel.

Fats and Oils Market Trends

Here are some trends shaping the fats and oils market:

• Health Consciousness: Consumers are increasingly opting for healthier fats and oils options, such as olive oil, avocado oil, and coconut oil, due to their perceived health benefits. There's a growing demand for oils high in unsaturated fats and omega-3 fatty acids, driven by trends towards healthier eating habits.
• Plant-Based Alternatives: The rise of veganism and plant-based diets has led to a surge in demand for plant-based fats and oils. This includes oils derived from sources like soybeans, sunflowers, and canola. Additionally, alternative sources such as algae oil are gaining traction.
• Sustainable Sourcing: Environmental and ethical concerns are influencing consumer choices, prompting a shift towards sustainably sourced fats and oils. Palm oil, in particular, has faced scrutiny due to deforestation and habitat destruction. As a result, there's a growing demand for sustainably produced palm oil and alternatives.
• Clean Label and Transparency: Consumers are becoming more discerning about the ingredients in their food products. There's a rising preference for fats and oils with clean labels, free from additives, preservatives, and genetically modified organisms (GMOs). Brands that prioritize transparency in their sourcing and production processes are gaining favor.
• Functional Oils: There's increasing interest in oils that offer additional health benefits beyond basic nutrition. Functional oils enriched with vitamins, antioxidants, and other bioactive compounds are gaining popularity. For example, omega-3 fortified oils are marketed for heart health, while vitamin E-enriched oils are promoted for their skin benefits.
• Convenience and Innovation: Busy lifestyles are driving demand for convenient cooking solutions. This has led to innovations such as spray oils, pre-measured portion packs, and ready-to-use cooking oils. Brands are also experimenting with new flavor profiles and formulations to cater to evolving consumer preferences.
• Globalization and International Trade: The fats and oils market is highly globalized, with significant trade flows between regions. Changes in trade policies, geopolitical factors, and currency fluctuations can impact market dynamics and supply chains. Emerging economies, particularly in Asia-Pacific, are driving growth in consumption and production.

Fats and Oils Market Drivers: Increasing demand for food boosting global consumption of vegetable oils

Edible oil products such as palm oil, sunflower oil, soybean oil, canola oil, among others, generally undergo purification through various methods, such as degumming, neutralizing, bleaching, and deodorizing, to produce uniformity in high-quality oil. In the purification process, minor components are either physically or chemically separated as they are considered impurities. The high-quality edible oils are mostly referred to as refined oils. Refined oils are high in monounsaturated fats.

High-quality oils are made using advanced technologies and are considered a rich source of nutrition. Hence, their consumption is increasing every year due to its increasing application and the growing population. However, the demand for high-quality oils is growing as consumers are opting for healthier alternatives to maintain the taste while enhancing the nutritional value. To meet this demand, manufacturers are improvising on processing technologies and also enhancing their product portfolios. ADM (U.S.), along with Novozymes (Denmark), developed a technology that revolutionized the fats & oils industry. This technology helped the company in manufacturing high-quality edible oils by utilizing enzymes in the developing process.

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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 use of vegetable oils in food as well as other industries such as pleo-chemical industries, animal feed, and energy & biomass industry has also driven the market for vegetable oils.

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 & oils consuming countries namely China, and India. This is one of the significant factor which ensures that Asia pacific region is the largest as well as the fastest-growing market in fats & oils.

Top Fats and Oils Companies

The Key players in this market include Associated British Foods PLC (UK), Archer Daniels Midland Company (US), Bunge Limited (US), Wilmar International Limited (Singapore), United Plantations Berhad (Malaysia), Unilever PLC (UK), Ajinomoto Co., Inc. (Japan), Mewah International Inc. (Singapore), Cargill, Incorporated (US), Richardson International Limited (Canada), International Foodstuff Company (UAE), Goodhope Asia Holdings Ltd. (Singapore), Vega Foods (Singapore), Welch, Holme & Clark Co., Inc. (US), Oleo Fats (Philippines), CSM Ingredients (US), AAK International (UK), Fuji Oil Co., Ltd. (Japan), Gemini Edible & Fats India Pvt Ltd. (India), and K S Oils (Singapore).

Crop Protection Chemicals Market: Segment Analysis, Growth Trends, and Competitive Landscape

 The global crop protection chemicals market was predicted to be worth $63.7 billion in 2020 and is anticipated to reach $74.1 billion by 2025, expanding at a CAGR of 3.1% from 2020 to 2025. The crop protection chemicals market is experiencing significant growth, driven by the rising global population and demand for higher crop yields. With a diverse range of products including herbicides, insecticides, and fungicides, the market is expected to continue its upward trajectory, providing opportunities for industry players to innovate and excel. As the demand for reliable and innovative crop protection solutions intensifies, stakeholders in this market will have ample opportunities to leverage emerging technologies and address the evolving needs of farmers and consumers alike.

Crop Protection Chemicals Market Opportunities: Rapid growth in the biopesticides market and organic agriculture

Biopesticides are pesticides produced naturally, with minimum usage of chemicals. Since growing environmental considerations and the pollution potential and health hazards from many conventional pesticides are on an increase, the demand for biopesticides has been rising steadily in all parts of the world. Biopesticides are growing in popularity, due to their less or non-toxic nature as compared to synthetic pesticides. Moreover, biopesticides provide more targeted activity to desired pests, unlike conventional pesticides that often affect a broad spectrum of insects, birds, and mammalian species. 

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The foliar spray segment of the crop protection chemicals is projected to account for the largest share, by mode of application

The foliar spray mode of application is the most widely used for crop protection chemicals. It can be used for herbicides, insecticides, and fungicides. However, it is mostly used for spraying herbicides and insecticides due to labor shortage for removing unwanted weeds manually and also for destroying insect attacks on crops.

Foliar spray or foliar feeding, is a technique of feeding plants by applying liquid crop protection chemicals directly to their leaves. Foliar spray is suitable for destroying a large number of unwanted grasses, herbs, and shrubs.

The cereals & grains segment of crop protection chemicals is projected to account for the largest share by crop type

By crop type, foliar spray contributed to the largest share in the crop protection market in 2019. The cereals & oilseeds segment accounted for the largest market share in terms of value in 2019; this is projected to grow at the highest CAGR during the forecast period. The fruits & vegetable segment was the second-largest in 2019; it is projected to grow at a CAGR of 5.0% during the forecast period. The demand for cereals & oilseeds is increasing significantly across the globe owing to the increasing demand for food.

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Asia Pacific is the fastest-growing market during the forecast period in the global Crop protection chemicals

The key markets in the Asia Pacific region include China, India, Japan, and the Rest of Asia Pacific. The Asia-Pacific, a region where agricultural systems and technologies vary from one country to another, consists of about 40%, that is, 600 million hectares of the global crop area. Rice cultivation and the predominance of small-scale manufacturers are widely seen across all the countries of the Asia-Pacific region. The increasing awareness about pesticides and continuous technological advancements are factors contributing to the growth of this market. In addition to this, the growing demand for crops and rising cultivation in the countries of Asia-Pacific have forced agribusiness companies to expand their supplier and manufacturing base in the region.