Demand for High Nutritional Content Foods Drives the Biofortification Market

The report "Biofortification Market by Crop (Sweet Potato, Cassava, Rice, Corn, Wheat, Beans, and Pearl Millet), Target Nutrient (Zinc, Iron, and Vitamins), and Region (Latin America, Africa, and Asia Pacific) - Global Forecast to 2023 ", is estimated at USD 78 million in 2018, and it is projected to grow at a CAGR of 8.6% from 2018 to reach USD 118 million by 2023. Biofortified crops are usually sweet potato, cassava, rice, corn, wheat, beans, pearl millet, and other crops such as tomato, banana, sorghum, and barley. The growth of the biofortification market is driven by the rising demand for high nutritional content in food.

Report Objectives:

• To define, segment, and project the global market size for biofortification
• To understand the structure of the biofortification market by identifying its various subsegments
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
• To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
• To profile key players and comprehensively analyze their core competencies
• To understand the competitive landscape and identify major growth strategies adopted by players across key regions
• To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements

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By target nutrient, the vitamins segment is projected to be the fastest-growing segment in the biofortification market during the forecast period.

On the basis of target nutrient, the biofortification market is segmented into iron, zinc, vitamins, and others. The vitamins segment is the fastest-growing target nutrient in the biofortification market from 2018 to 2023. The demand for biofortified crops is increasing due to the increasing demand for high nutrient content in food. The rising demand for vitamins as feed additives or in premixes from the animal nutrition industry and the increasing demand for high-quality meat products have also been essential factors responsible for the increase in the demand for vitamins across the world.
The increasing demand for biofortification of crops in the Asia Pacific regions is driving the growth of the biofortification market.

The biofortification market, on the basis of region, is segmented into Latin America, Asia Pacific, and Africa. 

The Asia Pacific is projected to dominate the biofortification market throughout the forecast period. This is because biofortification of food crops has strong growth potential in agriculture and also improves the nutrition content in food. The biofortification market has grown considerably over the last five years, and this trend is expected to continue in the near future. The growing consumer demand for high nutritional content in food is projected to fuel the demand for biofortified crops, globally.

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Key Market Players:

Key players identified in this market include Syngenta (Switzerland), Bayer (Germany), BASF (US), and DowDuPont (US). They are focusing on increasing their presence through acquisitions and expansions and developing products specific to consumer preferences. These companies have a strong presence in the Asia Pacific and Africa. They have also set up research laboratories in various regions and have strong distribution networks.

Recent Developments:

• In November 2018, Intertek developed its local capabilities and services at its laboratory in Beira, Mozambique. This would help the company to expand its business in Mozambique as well as in the East African region.
• In September 2018, Bayer acquired Monsanto (US), for USD 128 per share. This would help combine the companies’ leading innovation capabilities and R&D technology platforms in the agricultural industry.
• In October 2016, DuPont Pioneer and Africa Harvest Biotech Foundation International, a research firm from Johannesburg, South Africa, entered into a collaboration to conduct research on the increasing vitamin E and beta-carotene production in sorghum to improve the availability and longevity of beta-carotene.
• In November 2015, Bayer opened three R&D institutes in Paulínia, Brazil; this center would host a resistance-monitoring laboratory and a center for agriculture in tropical regions.

Rising Prevalence of Vectorborne Diseases Worldwide Drives the Vector Control Market

The vector control market is projected to grow at a CAGR of 5.13% from 2018 to 2023, to reach a projected value of USD 20.37 Billion by 2023. The increasing awareness about public health has led to the adoption of vector/pest control services on a regular basis in the residential, commercial, and industrial sectors.


The years considered for the study are as follows:

• Base year – 2017
• Estimated year – 2018
• Projected year – 2023
• Forecast period – 2018 to 2023

The objectives of the report:

• Determining and projecting the size of the vector control market with respect to vector type, end-use sector, method of control, and regional markets over the period ranging from 2018 to 2023
• Identifying attractive opportunities in the market by determining the largest and fastest-growing markets across regions
• Identifying drivers and restraints impacting the global market for vector control

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The chemical segment, by method of control, was the largest in the vector control market in 2017.

The chemical-based method of control was observed to be the most preferred method, particularly in the North American region as it is highly effective in eliminating disease-causing harmful pests. Chemicals such as Pyrethroids and Fipronil have been widely used to control and eliminate disease-causing adult mosquitoes and larvae of such harmful mosquitoes. This market has witnessed an increased demand from endemic countries such as Tanzania, Uganda, Mozambique, and certain Asian countries such as India, China, and Indonesia.

Rodents, by vector type, is projected to witness the highest growth rate over the next five years.

The rodent control segment is projected to grow at the highest rate during the forecast period owing to the increasing initiative programs by public health authorities to control global outbreaks of lethal diseases such as Hantavirus and Hemorrhagic fever with renal syndrome (HFRS). This is followed by the insect control segment owing to the high demand of mosquito control solutions in the North American and Asia Pacific regions.

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Significant market potential is witnessed in emerging Asian countries.

The vector control market has a high potential in emerging markets such as China and India since the climatic conditions and ineffective waste management in the Asia Pacific region are conducive to insect and rodent growth. There is also an increase in the middle-class population, who are aware of vector-borne diseases leading to the growing demand for vector control products for vectors such as mosquitoes and rodents.

This report includes a study of marketing and development strategies, along with the product and/or service portfolios of leading companies. Key companies in the market include vector control product manufacturers and service providers such as Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Bell Laboratories, Inc. (US), Rentokil Initial plc (UK), FMC Corporation (US), Ecolab (US), The Terminix International Company LP (US), Rollins, Inc. (US), Arrow Exterminators, Inc. (US), Massey Services Inc. (US), and Anticimex Group (Sweden).

Pet Food Extrusion Market Analysis, Growth, Share, Trends, & Forecast to 2022

The report "Pet Food Extrusion Market by Extruded Pet Food Products (Type (Complete Diets and Treats), Animal Type (Dogs, Cats, Fish, and Birds), and Ingredient), by Pet Food Extruder Equipment (Type (Single and Twin Screw)), and Region - Global Forecast to 2022", The global pet food extrusion market is estimated to be valued at USD 55.21 Billion in 2017, and expected to grow at a CAGR of 5.6% to reach USD 72.64 Billion by 2022. The market for pet food extrusion is showing significant growth with a rise in the popularity of pet adoption, pet humanization, and rapid urbanization in developing economies such as China, India, Argentina, and Mexico. The growing pet population across the globe is one of the leading factors that contribute to the demand for extruded pet food products, worldwide. The need to fulfil the growing demand for pet food is simultaneously fueling the growth of the pet food equipment manufacturing industry.

Objectives of the study are as follows:

• To define, segment, and project the global extruded pet food products market size based on type, ingredient, animal type, and region
• To define, segment, and project the global pet food extrusion equipment market size based on type, process, and region
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To analyze the opportunities in the market for stakeholders and provide the competitive landscape of the market leaders
• To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with the key countries)
• To strategically profile key players and comprehensively analyze their market position and core competencies
• To analyze the competitive developments such as expansions, acquisitions, collaborations, rebranding, and new product developments in the pet food extrusion market

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By type, the complete diets segment is estimated to be the largest in 2017 in the extruded pet food products market

The complete diets segment is estimated to account for the largest share of the extruded pet food products market in 2017. The rapidly growing demand for nutrient-rich and balanced extruded pet food has been driving the growth of the complete diets segment. The complete diets segment is further sub segmented into dry expanded and semi-moist pet food products. Dry expanded pet foods formed the larger segment, which is projected to grow at a higher CAGR during the forecast period. The growth in demand for premium and super premium pet food products and the advantages offered by dry expanded pet food such as longer shelf life have been driving the demand for this subsegment over the past years.

By type, single screw extruder is projected to be the fastest-growing segment during the forecast period in the pet food extrusion equipment market

During the forecast period, the single screw extruder segment is projected to grow at the highest CAGR, in the pet food extrusion equipment market, in terms of value and volume. Various benefits such as low capital cost and simplicity offered by single screw extruders have been driving the growth of this segment over the last few years. A single screw extruder offers simplicity and ease of operation, whereas a twin-screw extruder offers versatility and flexibility. Low capital cost and easy maintenance are some of the major factors responsible for the high demand for single screw extruders.

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South America and Asia Pacific are fast-growing markets for extruded pet food products and pet food extrusion equipment

The South American market is projected to grow at the highest CAGR during the forecast period followed by Asia Pacific region in both the markets. Countries such as Argentina, India, and China are expected to be the major emerging markets for extruded pet food products as well as pet food extrusion equipment. The growth in the number of distribution channels such as e-commerce and rising demand for premium and super premium products coupled with the trend of pet humanization are expected to drive the market growth in these regions.

Key Players:

The market for pet food extrusion equipment is dominated by key players such as Andritz (Austria), Buhler (Switzerland), Clextral (France), Pavan (Italy), Diamond America (US), Lindquist Machine (US), The Bonnot (US), Kahl Group (Germany), Baker Perkins (UK), Coperion (Germany), Doering Systems (US), Brabender (Germany), and American Extrusion International (US) while the market for extruded pet food products is dominated by Mars (US), Nestle (Denmark), and The J.M. Smucker Company (US).

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).