Feed Yeast Market Projected to Reach $2.1 Billion by 2023, at a CAGR of 5.27%

The report "Feed Yeast Market by Type (Probiotic Yeast, Brewer’s Yeast, Specialty Yeast, and Yeast Derivatives), Livestock (Cattle, Swine, Poultry, Aquatic Animals, and Pets), Genus (Saccharomyces spp. and Kluyveromyces spp.), and Region - Global Forecast to 2023", The feed yeast market is projected to reach USD 2.1 billion by 2023, from USD 1.7 billion in 2018, at a CAGR of 5.27% during the forecast period. The market is driven by factors such as ban on the use of antibiotics in feed and increasing use of yeast as a nutritional supplement for livestock.

Report Objectives:

• Determining and projecting the size of the feed yeast market with respect to type, livestock, genus, and region over a five-year period from 2018 to 2023
• Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
• Analyzing the demand-side factors on the basis of the following:
• Impact of macro- and microeconomic factors on the market
• Shifts in demand patterns across different subsegments and regions
• Understanding the competitive landscape for a comparative analysis of market leaders and identifying the key market shareholders across the industry.
• Analyzing regulatory frameworks across regions and their impact on prominent market players
• Providing insights on key investments in technology innovations

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The use of yeast derivatives for feed production is projected to remain high during the forecast period.

Beta-glucans, nucleotides, and mannooligosaccharides are the major yeast derivatives that exhibit efficient pathogen binding capacity, which restricts the growth of pathogens in the animal body. In addition, beta-glucans are the type of yeast derivatives that trigger the immune response in the animal body. The health benefits associated with the use of yeast derivatives as a feed additive increases its demand in the feed industry. Thus, the yeast derivative segment is projected to record the highest CAGR from 2018 to 2023.

The Saccharomyces Spp. segment is estimated to dominate the feed yeast market in 2018.

Saccharomyces Spp. such as Saccharomyces cerevisiae and Saccharomyces boulardii are majorly used for yeast production and is used as one of the most important ingredients in feed. With the increasing demand for natural growth promoters for animals, the preference for Saccharomyces Spp. has increased as it is considered to be one of the best sources for nutritional yeast. The Saccharomyces Spp. segment accounted for the highest share in the feed yeast market in 2017 and witnessed high demand for use in feed yeast production.

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With the introduction of stringent regulations, Europe is estimated to dominate the feed yeast market in 2018.

The feed yeast market in Europe is driven by the introduction of stringent regulations pertaining to the use of antibiotics in feed. Increasing awareness about the benefits of feed yeast is projected to contribute to the market growth. The high demand for quality and nutrient-rich feed in the European countries has led to the high demand for feed yeast among farmers. Moreover, the European legislators are also concerned about food and animal safety and thus have implemented many safety laws for the same. With high concerns related to animal health, the EU government has put a ban on the use of antibiotic growth promoters in feed due to its negative impact on animal health as well as on the health of human consumers. For the replacement of those antibiotics, naturally-sourced feed ingredients that have antibiotic properties such as feed yeast were developed by manufacturers.

This report includes a study of the development strategies of leading companies. The scope of this report includes a detailed study of feed yeast manufacturers such as Associated British Foods PLC. (UK), Archer Daniels Midland Company (US), Alltech Inc. (US), Cargill (US), Lesaffre (France), Angel Yeast Co. Ltd. (China), and Lallemand Inc. (Canada).

Integration of Artificial Intelligence and Big Data in Farming Drives the Smart Harvest Market

The report "Smart Harvest Market by Site of Operation (On-field, Greenhouse, Indoor), Component (Harvesting Robots, Automation & Control Systems, Imaging Systems, Sensors, Software), Crop Type (Fruits and Vegetables), and Region - Global Forecast to 2023"The smart harvest market is projected to reach USD 15.6 billion by 2023, from USD 9.0 billion in 2018, at a CAGR of 11.81% during the forecast period. The market is driven by factors such as growing farm labor issues due to higher costs and availability, and cost efficiency benefits offered by smart harvest systems.

Report Objectives:

• To describe and forecast the smart harvest market, in terms of component, site of operation, crop type, and region
• To describe and forecast the smart harvest market, in terms of value, by region–Asia Pacific, Europe, North America, South America, and the Rest of the World-along with their respective countries
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To study the complete value chain of smart harvest
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart harvest ecosystem
• To strategically profile key players and comprehensively analyze their market position in terms of core competencies, along with detailed competitive landscape for market leaders
• To analyze strategic approaches such as product launches, agreements, and partnerships in the smart harvest market

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Harvesting robots are projected to have the fastest growth among hardware in the smart harvest market during the forecast period.

Harvesting is one of the important phases of farming and requires great amount of bending and lifting through manual labor. Additionally, labor shortage affects the overall yield output. To cater to this issue, manufacturers have introduced autonomous harvesting robots that harvests fruits and vegetables with little or no human intervention. Although majority of the manufacturers have harvesting robots in the testing phase and are designed to harvest limited fruits and vegetables, however, these smart harvest robots are expected to launch in the market for sales during the forecast period, with enhanced functionalities. With increasing labor shortage and need to reduce labor costs, the demand for smart harvesting robots is projected to be high and witness highest growth during the forecast period. 

By site of operation, indoor segment is estimated to dominate the smart harvest market in 2018.

The indoor segment includes container farming and vertical farming, which requires a controlled environment. The systems are reliant on multiple sensors installed throughout to understand the surroundings and navigate across the work area. High-resolution multi-spectral cameras and imaging sensors observe and monitor the produce to determine the time for harvest. Given the substantial growth of indoor farming practices, it is expected to pose strong growth opportunities for smart harvest systems over the next decade.

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Europe is projected to dominate the smart harvest market by 2023.

The smart harvest market in Europe is projected to witness significant growth during the forecast period due to the prospect of increasing production, labor shortage issues, development of smart technologies, and their adoption in agriculture. The developed countries in the European Union are in the forefront of adopting smart harvest technologies in a bid to improve the production output and reduce the costs associated with harvesting. Additionally, the development of smart harvest technologies is being actively encouraged, driven by both public and private programs to bring about the commercialization of these technologies. Projects such as the CROPS (Clever Robots for Crops), SWEEPER (Sweet Pepper Harvesting Robot), and the Handsfree Hectare project highlight the industry efforts to develop and commercialize the deployment of smart harvest systems in the region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Robert Bosch GmbH (Germany), Deere & Company (US), Smart Harvest Ltd. (UK), Dogtooth Technologies (UK), Harvest Automation (US), Panasonic Corporation (Japan), Root AI (US), Abundant Robotics (US), Iron Ox (US), Agrobot (Spain), Energid Technologies Corp. (US), FFRobotics (Israel), Vision Robotics Corp. (US), Metomotion (Israel), AVL Motion (Netherlands), and Harvest Croo (US).

Pesticide Inert Ingredients Market Analysis, Growth, Trends, Share, & Forecast to 2023

The pesticide inert ingredients market is estimated to account for USD 3.5 billion in 2018 and is projected to reach USD 4.7 billion by 2023, at a CAGR of 6.14% during the forecast period. The need to ensure food security and cater to the requirements for pesticides in the agricultural industry drives the market for pesticides inert ingredients.

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Pesticide inert ingredients are used in herbicide spray solutions to accentuate the emulsifying or other surface modifying properties of liquids. Inert ingredients are mostly present in herbicide treatment solutions with the aim to improve the penetration of active ingredients into plant foliage or to reduce foaming activity of the spray solution. Also, with reference to the herbicides available in the market, the amount of inert ingredients used in herbicide solutions are higher compared to insecticides and fungicides.

High adoption of inert ingredients in the North American region also drives the overall pesticide inert ingredients market. The major use of the formulation of herbicides is in the form of emulsifiers and solvents.

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Agriculture is one of the largest industries in the Asia Pacific region, with a large share of farmland and good soil fertility. Moreover, the region is rich in plant diversity due to the wide variations in climate across countries. Even though there is a variation in the agriculture system from basic systems in India to the technically advanced ones in Japan, the agenda of food security is supported by local governments in the Asian countries. The Asia Pacific region is one of the leading consumers of pesticides across the globe, though the region mainly depends on imports of pesticide supply. Since inert ingredients are majorly consumed by pesticide manufacturers at the production facility during the formulation stage, and since countries such as India, Thailand, and Vietnam depend on imports for formulations, the market for inert ingredients is projected to be smaller compared to the Americas and Europe. However, with the increasing establishment of production plants in the Asian countries, the use of inert ingredients along with pesticide application is projected to increase in the future.

This report includes a study of development strategies for leading companies. The scope of this report includes a detailed study of major companies such as BASF (Germany), Clariant (Switzerland), DowDuPont (US), Stepan Company (US), and Croda International Plc. (UK). Other players in the market include Eastman Chemicals (US), Solvay S.A. (Belgium), Evonik (Germany), Huntsman Corporation (US), AkzoNobel (The Netherlands), Royal Dutch Shell (The Netherlands), and LyondellBasell Industries (Netherlands).

Key questions addressed by the report:

1. Which market segments to focus on in the next two to five years for prioritizing efforts and investments?
2. Which region will have the highest share in the pesticide inert ingredients market?
3. Which type of pesticide inert ingredients witnesses high demand in each key country market?
4. What are the trends and factors responsible for influencing the adoption rate of bio-based inert ingredients in key emerging countries?
5. Which are the key players in the market and how intense is the competition?

Biofertilizers Market Growth Factors, Application and Regions Analysis, & Forecast by 2022

The biofertilizers market is projected to grow at a CAGR of 14.08% during the forecast period, to reach a projected value of USD 2,305.5 Million by 2022. The demand for biofertilizers is completely dependent on the growth of the fertilizer industry. Furthermore, the shrinking arable land, adoption of new technology, and the increasing willingness of farmers to spend more for higher productivity are some important factors that contribute to the increasing demand for biofertilizers. The shortage in the supply of agricultural products in the last five years has resulted in an increase in their prices, and subsequently led to the increase in agricultural production. As a result, the demand for fertilizers has increased, which is expected to drive the demand for biofertilizers.

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The biofertilizers market is driven primarily by the growth in the organic food industry and increase in awareness regarding the health hazards caused by the use of chemical fertilizers. Moreover, government agencies are promoting the use of biofertilizers, which has also driven the market growth, globally.

Cereals & grains require maximum biofertilizers for proper growth. Wheat, rice, corn, barley, and oats are the major cereal & grain crops cultivated extensively across the world. Farmers have begun using biofertilizers to replace chemical fertilizers, in order to sustain the soil nutrient generation cycle. This approach has increased the demand for biofertilizers, especially for cereal & grain cultivation.

Cyanobacteria contain naturally-occurring inputs such as solar energy, nitrogen, and water to ensure better soil fertility and plant growth. Cyanobacteria, through photosynthesis, fix nitrogen from the air and turn it into soluble form for plants. Cyanobacteria fix nitrogen, which is an essential nutrient for plant growth. Cyanobacteria are cost-effective and help increase soil fertility, which is one of the key factors leading to its dominance in the biofertilizers market.

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The Asia-Pacific region holds a significant position in the global biofertilizers market, owing to factors such as growth of the organic food industry, and rise in farm expenditures. China and Brazil constituted the largest country-level markets in the Asia-Pacific and Latin American regions, respectively, in 2015. Government initiatives such as subsidies and incentive schemes, increase in awareness regarding the benefits of biofertilizers, and rise in farm expenditures have led to the large scale manufacturing of biofertilizers in these regions.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Novozymes A/S (Denmark), National Fertilizers Limited (India), Madras Fertilizers Limited (India), Gujarat State Fertilizers & Chemicals Ltd. (India), and Rizobacter Argentina S.A. (Argentina).

Soil Conditioners Market Analysis, Growth, Trends, Challenges, & Forecast to 2022

The soil conditioners market is projected to grow at a CAGR of 8.16% from 2016, to reach a projected value of USD 7.83 Billion by 2022. The market growth is driven by increasing awareness about soil management practices, and need for enhanced nutrient in soil. The market is further driven by the factors such as advanced farming practices and ensuring food security.

The growth of the soil conditioners market is driven by the increased awareness on soil management. On the other hand, low adoption rate is a major restraint to the soil conditioners market. Soil conditioners find multiple applications in the agricultural sector, as well as the industrial sector, which includes tunneling and mining, hence creating more business opportunities for the soil conditioners market.

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Natural soil conditioners segment dominated the market as their usage in soil conditioning is traced traditionally for several years. Natural soil conditioners properties such as improving soil structure and reduced compaction in soil along with ease of local availability and trending organic farming concepts are the key factors that are driving this segment market. Within natural soil conditioners, polysaccharide derivatives accounted for the major share in 2016.

The agricultural applications segment accounted for a larger share in the soil conditioners market in terms of both, value and volume, in 2016. Soil conditioners plays a prominent role for agricultural application with their ability to improve the soil fertility, texture, and quality. Moreover, soil conditioners are also used for tunneling and mining purposes to loosen the soil for easy excavation and to stabilize the excavated soil.

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The Asia Pacific region dominated the market and accounted for the largest share, in terms of both value and volume, in the global market, in 2016. Factors such as large population, vast agricultural land, wide acceptance of agricultural technologies and soil with poorly developed layers in countries of the Asia Pacific region are driving the growth of the soil conditioners market.

Low level of awareness about the benefits of soil conditioning materials among the farmers is the key restraint for the growth of the market. Market players’ efforts in creating awareness and availability of soil conditioning materials (especially synthetic products) will aid the market to witness significant growth in the projected period.

The leading players that dominated the soil conditioners market include BASF SE (Germany), The Dow Chemical Company (US), Akzo Nobel N.V. (Netherlands), Evonik Industries AG (Germany), and Solvay S.A. (Belgium). Other players include Croda International Plc (UK), Clariant International AG (Switzerland), Lambent Corp. (US), Adeka Corporation (Japan), and Eastman Chemical Company (US). These key players have adopted strategic developments such as expansions & investments, collaborations & acquisitions, and agreements & investments to capture this emerging market.

Feed Acidifiers Market Analysis, Growth, Trends, Forecast to 2023

The feed acidifiers market was valued at USD 2.62 billion in 2017; it is projected to reach USD 3.50 billion by 2023, at a CAGR of 5.1% during the forecast period. Increasing government aid promoting the growth of the feed industry and the high threat of diseases in livestock are factors driving this market.

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The feed acidifiers market, by compound, has been segmented into blended compound acidifiers and single compound acidifiers. The blended segment is estimated to dominate the market in 2018 and is projected to grow at a higher CAGR by 2023. The use of these blended acidifier compounds is a new market development, with single compound acidifiers still being used widely. However, their usage has increased significantly over the years, making it the more prominent one among both. Blended acidifier compounds help reduce the presence of harmful microorganisms in feed, in addition to promoting beneficial microbial growth in the gut. Conversely, the addition of antibiotics inhibits the growth of any microorganisms, even if they are beneficial to the livestock.

The feed acidifiers market, by form, has been segmented into liquid and dry. It was dominated by the dry segment in 2018. Most companies in the feed acidifiers market offer their products in the dry form, due to its ease of usage, storage, and transportability. These products are widely used in feed formulations due to their free-flowing structure and their ability to provide consistency.

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The South American market is projected to grow at the highest CAGR from 2018 to 2023. This growth is attributable to the development of the animal husbandry sector in the region that has promoted an increase in the consumption of feed additives such as acidifiers, rising income levels in emerging economies such as Brazil and Argentina which is supporting consumer inclination to better quality meat and other livestock products, rising demand for South American meat.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion Purac (Netherlands), ADDCON Group (Germany), and Peterlabs Holding (Malaysia) are other players that hold a significant share in the feed acidifiers market.

Increase in the Outbreak of Foodborne Illnesses to Drive the Demand for Agricultural Testing Market

The agricultural testing market is estimated to be valued at USD 4.56 Billion in 2017, and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 6.64% during the forecast period. The market is driven by the global increase in outbreaks of foodborne illnesses, the implementation of stringent safety and quality regulations for agricultural commodities and food in developed economies, and rapid industrialization leading to the disposal of untreated industrial waste into the environment.

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The agricultural testing market, based on sample, has been segmented into soil, water, seed, compost, manure, biosolids, and plant tissue. The market for testing for soil is estimated to dominate in 2017, and is also projected to be the second fastest-growing segment during the forecast period. The growing contamination of soil, caused by wastewater and industrial effluents, has been propelling the importance of soil testing; this, in turn, is driving the market for agricultural testing.

The agricultural testing services market, by technology, has been segmented into conventional and rapid. The rapid technology segment is estimated to dominate the market in 2017, and is projected to grow at a higher CAGR by 2022. This can be attributed to low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of bacteria in comparison to conventional technological methods.

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Europe accounted for the largest market share in the agricultural testing market. The dominant share of this region is attributed to the stringency in food safety, environmental, and agricultural regulations and laws pertaining to the nutritional content, chemicals, and labeling. Europe also has the highest number of testing laboratories among all regions. The Asia Pacific market is projected to grow at the highest CAGR from 2017 to 2022 and is driven by China, Japan, India, and Australia; this growth can be attributed to the increase in awareness about food safety norms and implementation of regulations for their testing in these countries.

Lack of coordination between market stakeholders and supporting infrastructure in developing economies, and the improper enforcement of regulatory laws are the major restraints for the growth of this market.

The global market for agricultural testing is dominated by large-scale players including SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), TÜV Nord Group (Germany), Merieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), Agrifood Technology (Australia), Apal Agricultural Laboratory (Australia), SCS Global (US), and ALS Limited (Australia).