Research Reports And Consulting

Indoor farming technology encompasses a range of innovative methods and tools designed to facilitate the cultivation of crops in controlled indoor environments. This approach is gaining popularity due to its potential to address challenges such as limited arable land, water scarcity, and climate variability. The indoor farming technology market size is expected to grow at a compound annual growth rate (CAGR) of 9.7% in terms of value, from USD 20.3 billion by 2023 to USD 32.3 billion by 2028.

North America is expected to increase its market share in the indoor farming technology market during the forecast period. 

North America is expected to increase its market share in the market for indoor farming technology and is projected to grow at the 2nd highest CAGR from 2023 to 2028. Because of the increasing rise of greenhouses and vertical farms in the United States and Canada, North America is one of the greatest indoor farming technology marketplaces. This agricultural concept, which is supported by the US government, has been promoted by cultivators. Hydroponic gardening techniques and technology are becoming increasingly popular in cities to help grocery stores produce fresh veggies. The years 2021 and 2022 were great for indoor agriculture and vertical farming. Private funding resulted in over USD 1.6 billion in investments in the United States, M&A activity increased, and several indoor farms went public. Following a decline in investments due to the epidemic in 2020, investments have now rebounded to higher levels than before. 

Key components and technologies associated with indoor farming: 

1. LED Lighting Systems:Advanced LED (Light Emitting Diode) lighting is crucial for providing the right spectrum of light for photosynthesis in plants. These systems are energy-efficient and allow growers to customize light conditions for specific crops.
2. Hydroponics and Aeroponics:Hydroponic systems involve growing plants in nutrient-rich water without soil, while aeroponics involves suspending plant roots in a misty environment. Both methods provide precise control over nutrient delivery and optimize resource utilization.
3. Vertical Farming:Vertical farming involves stacking crops in layers or vertically inclined surfaces. This maximizes space utilization and allows for higher crop yields in smaller areas. Vertical farms often integrate controlled environmental conditions.
4. Automation and Robotics:Automation and robotics play a significant role in indoor farming, assisting in tasks such as seeding, planting, harvesting, and even monitoring environmental parameters. This leads to increased efficiency and reduced labor costs.
5. Climate Control Systems:Indoor farms use sophisticated climate control systems to regulate temperature, humidity, and airflow. These systems create an optimal environment for plant growth, regardless of external weather conditions.
6. IoT (Internet of Things) and Sensors:IoT devices and sensors are employed to monitor and collect data on various factors such as temperature, humidity, nutrient levels, and crop health. This data is then analyzed to make informed decisions and adjustments for optimal crop growth.
7. Biotechnology and Genetic Engineering:Biotechnological advancements, including genetic engineering, are employed to develop crops with desirable traits such as resistance to pests, diseases, or improved nutritional content.
8. Artificial Intelligence (AI) and Machine Learning:AI and machine learning algorithms are used to analyze vast amounts of data collected from indoor farms. This helps in predicting optimal cultivation conditions, disease detection, and overall farm management.
9. Container Farming:Containerized farming involves growing crops in repurposed shipping containers. These compact, portable units can be placed in various locations, making them suitable for urban farming and addressing space constraints.
10. Aquaponics:Aquaponics combines aquaculture (fish farming) with hydroponics. The nutrient-rich water from fish tanks is used to fertilize plants, and the plants help purify the water, creating a symbiotic relationship between fish and plants.

 Major players profiled in the indoor farming technology industry: 

EVERLIGHT ELECTRONICS CO., LTD (Taiwan) Heliospectra AB (Sweden) Argus Control Systems Limited (Canada) Lumigrow, Inc (Canada) weisstechnik (US) LOGIQS.B.V. (Netherlands)  Illumitex (US) 

Market Driver: Rising demand for fresh foods with higher nutritive value 

Indoor farming refers to the cultivation of crops or plants of both large and small sizes. Indoor farming is used on a wide scale to supplement local food sources and give consumers nutritious, fresh products. Because this farming method manages plant-fertilizing nutrients, the food generated using this technology is extremely nutritious. Indoor farming allows for the cultivation of a wide range of crops, including leafy vegetables, herbs, vegetables, fruits, micro greens, and flowers. Indoor vertical farming methods produce organic food that is free of agrochemical contamination. As a result, the increasing consumer demand for pesticide and herbicide-free food, as well as the growing need to reduce the carbon footprint of traditional agricultural practices, are driving forces for indoor vertical farming. For example, in 2016, Fujitsu Limited (Japan) established a vertical farming initiative in which lettuce with a low potassium level was cultivated, resulting in exceptionally nutritious lettuce with no unpleasant taste for people with kidney disease. 

Key Questions Addressed by the Report:

How big is the indoor farming technology market?

What are the drivers and opportunities for the Indoor farming technology market?

Which region is expected to hold the highest market share?

What is the most profitable crop for indoor farming?

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Seaweed protein is a type of plant-based protein derived from various species of seaweed or marine algae. Seaweeds are rich in protein content, making them a valuable and sustainable source of protein for human consumption. Some commonly used seaweeds for protein extraction include red algae (Rhodophyta), green algae (Chlorophyta), and brown algae (Phaeophyta). The seaweed protein market size is expected to reach US$ 1131 million by 2027, with a 14.1% annual growth rate. This booming industry is predicted to create ripples in the near future, with a value of $585 million in 2022.

Factors Driving the Seaweed Protein Market 

1. Increasing Demand for Plant-Based Proteins: The growing global trend toward plant-based diets and the increasing awareness of the environmental impact of traditional animal agriculture have driven the demand for alternative protein sources, including seaweed protein.
2. Nutritional Benefits: Seaweed is rich in essential nutrients, including protein, vitamins, minerals, and amino acids. Consumers are increasingly seeking nutrient-dense and functional foods, contributing to the demand for seaweed protein.
3. Sustainability and Environmental Concerns: Seaweeds are sustainable to cultivate as they require no arable land, freshwater, or synthetic fertilizers. The environmental benefits of seaweed cultivation, including carbon sequestration and support for marine ecosystems, align with the growing emphasis on sustainability in food production.
4. Health and Wellness Trends: The perception of seaweed protein as a healthy and natural food ingredient has fueled its popularity. Seaweed is often associated with various health benefits, including immune system support, weight management, and improved cardiovascular health.
5. Innovation in Food Products: Food manufacturers are incorporating seaweed protein into a wide range of products, such as plant-based burgers, snacks, noodles, and beverages. The versatility of seaweed protein in various applications contributes to its market growth.
6. Research and Development Initiatives: Ongoing research and development efforts aimed at improving the extraction processes, taste, and texture of seaweed proteins are enhancing their market viability. Innovations in processing methods contribute to the development of high-quality seaweed protein products.
7. Regulatory Support and Standards: Regulatory support and the development of standards for seaweed cultivation and processing in some regions encourage industry growth. Clear guidelines can promote consistency and quality assurance in seaweed protein products.

The food segment by mode of application is estimated to account for the largest market share of the seaweed protein market over the forecast period.

Because of the safety issues connected with synthetic components, demand for seaweed protein-based products is projected to grow significantly in the coming years. Natural food additives have a good impact on consumers health, which has increased demand for protein in food products. Most human applications, such as food, vitamins, and cosmetics, choose seaweed protein-based products since they have no negative consequences. The desire for natural antioxidants, anti-inflammatory agents, plant proteins, and other secondary metabolites is likely to drive up demand for seaweed protein-based products. Other Applications like Semi-sweet biscuits, cereal bars, and breadsticks have all used seaweeds. The nutritional profile of wheat and pasta was also improved by seaweeds.

Leading organizations outlined:

The key players in this market include CP Kelco U.S., Inc. (US), Algaia (France), Algea (Norway), Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China), Qingdao Brightmoon Seaweed Co Group Co. Ltd (China), Cargill Incorporated (US) Gelymar SA (Chile), Ceamsa (Spain), BASF (Germany), Irish Seaweed (Ireland), Dupont Nutrition and Biosciences (US), Compo Expert Group (Germany), Beijing Leili Agricultural Co, Ltd (China), Groupe Roullier (France), Acadian Seaplants (Canada). These players in seaweed protein market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Europe is projected to achieve the Highest CAGR growth in the Seaweed protein market.

The use of seaweed protein-based products in the pharmaceutical and nutraceutical industries has just increased as people become more aware of the nutritional value and benefits of eating seaweed. The European Commission, CINEA, and a consortium of EurA AG, EABA Systemiq, and Technopolis have developed EU4Algae, which is projected to stimulate demand for seaweed protein in Europe due to the growing health and environmental effect of eating meat products. The European Commission has identified seaweed protein as a major source of alternative protein for a sustainable food system and global food security. This three-year initiative will help Europe establish a regenerative, resilient, equitable, and climate-friendly algae business while also introducing new algae species to the market. 

The food preservatives market is a crucial segment within the broader food industry. Food preservatives are substances added to food products to extend their shelf life, prevent spoilage, and inhibit the growth of microorganisms such as bacteria and fungi. They play a vital role in maintaining the quality and safety of food products, allowing them to be transported, stored, and consumed over an extended period.

Food Preservatives Market Forecast

The global food preservatives market size is anticipated to reach $3.4 billion in 2023 and $3.9 billion by the end of 2028 at a CAGR of 3.0%.

Key factors driving the food preservatives market include:

1. Increasing Demand for Processed Foods: The rising demand for convenience foods and processed products has led to a greater need for effective preservation methods to ensure product longevity and safety.
2. Globalization of the Food Supply Chain: As the food supply chain becomes more globalized, the need for preservatives to maintain the quality and safety of products during transportation and storage has increased.
3. Growing Awareness of Food Safety: Consumers are becoming more conscious of food safety and are seeking products with longer shelf life, leading to a higher demand for effective preservatives.
4. Technological Advancements: Ongoing research and development in the food industry have led to the introduction of new and innovative preservatives that are more effective and have fewer side effects.
5. Regulatory Environment: Stringent regulations regarding food safety and the use of preservatives drive manufacturers to invest in research and development to comply with these standards.

Synthetic preservatives by type are estimated to account for the largest food preservatives market share

Based by type, synthetic preservatives are estimated to account for the largest market share. Factors responsible for the wide-scale popularity of synthetic preservatives in the food preservatives market include their large-scale commercialization, easy availability, proven efficacy and cost-effectiveness. Less R&D investment, and low regulatory norms in the emerging Asia-Pacific economies is also contributing significantly in the large market share of synthetic preservatives.

Europe is estimated to hold the second-largest food preservatives market share in 2022.

Europe held a significant share in the food preservatives market. It is estimated to be the second-largest market following North America in 2022. The consumer shift towards healthier food alternatives and subsequent rise in demand for clean-labeled food products has significantly contributed to the natural food preservatives market growth in these countries. Italy was projected to be the fastest growing country in the region. Well established food & beverage industry in the region and high per capita incomes of consumers in the region are some of the macro factors contributing to the large share of the region in the market.

Key Questions Addressed by Food Preservatives Market Report

What is the food preservatives market size?

What is the most popular food preservative?

Which region holds the largest food preservatives market share in the coming years?

What was the food preservatives market forecast in 2022?

Agricultural coatings refer to specialized coatings or films applied to agricultural surfaces, such as crops, seeds, or equipment, to enhance their performance, protect them from environmental factors, and improve overall productivity. These coatings serve various purposes in agriculture, ranging from protecting crops from pests and diseases to improving seed germination and ensuring the longevity of farm equipment.

The global agricultural coatings market is projected to witness substantial growth, with an estimated value of $3.7 billion in 2021, poised to reach $5.3 billion by 2026. The market is expected to experience a robust Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period.

Trends in Agricultural Coatings Market

Environmentally Friendly Formulations:There has been an increasing demand for agricultural coatings that are environmentally friendly and sustainable. This includes coatings with reduced environmental impact, bio-based materials, and formulations that adhere to stringent regulatory standards.

Precision Agriculture Solutions:Precision agriculture technologies have been influencing the agricultural coatings market. Coatings and films designed for precision agriculture aim to optimize resource use, protect crops more efficiently, and contribute to overall farm management strategies.

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Smart Coatings and Nanotechnology:Advancements in nanotechnology have paved the way for smart coatings that can respond to environmental conditions. Nanoparticles and smart polymers may be incorporated into coatings to provide controlled release of nutrients, pesticides, or other active ingredients.

Seed Enhancement Coatings:Seed coatings that enhance seed performance by improving germination rates, providing protection against diseases and pests, and incorporating nutrients have gained attention. These coatings contribute to better crop yields and early plant development.

Biological and Organic Coatings:Growing interest in sustainable agriculture has led to increased research and development of biological coatings. These coatings may include beneficial microorganisms, natural extracts, or organic compounds to protect crops in an eco-friendly manner.

Digital Farming Integration:Integration with digital farming technologies is becoming more common. Coatings may be designed to work in conjunction with sensors, drones, and other digital tools to provide real-time data on crop health, allowing for more targeted and efficient application.

Focus on Crop Health and Disease Prevention:Agricultural coatings that focus on preventing diseases and promoting overall crop health have gained importance. This includes coatings with antifungal or antibacterial properties to protect against pathogens.

Innovations in Mulching Films:Mulching films and coatings designed to improve soil health, regulate temperature, and conserve moisture have seen innovations. Biodegradable mulching films are gaining popularity due to their environmentally friendly nature.

North America accounted for the largest share during the forecast period in the agricultural coatings market

The increase in the demand for high-yielding and disease-resistant crops from both domestic markets as well as export destinations are some of the key drivers of the agricultural coatings market in the region. The North American region mostly cultivates crops such as cereals & grains, fruits, vegetables, oilseeds & pulses, and also plants for clothing and other non-food uses. The region mainly grows cereals & grains, such as wheat, rice, barley, corn, sorghum, and oats, which demand more protection. In North America, agriculture is heavily mechanized with an integrated system of supporting agribusinesses. Especially in the US and Canada, most farmers and ranchers have adopted technology, although few groups continue to use animal power for cultivation purposes. Monoculture is popularly practiced in the North American zones. This results in the nutrient deterioration of nitrogen and phosphates in the soil. And also, there is a high possibility of diseases affecting a single species of plants.

Key Questions Addressed by the Report:

• How big is the agricultural coatings industry?
• What role do regulatory policies play in shaping the North America Agricultural Coatings Market?
• Which region is projected to emerge as a global leader by 2026?

By unraveling essential questions, this report aims to provide a thorough understanding of market nuances, covering topics such as technological advancements, regulatory landscapes, and strategic investment opportunities.

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Prominent firms featured:

• BASF SE (Germany)
• Bayer AG (Germany)
• Clariant Technologies (Germany)
• Croda International Plc (UK)
• Sensient Technologies (US)
• Germains Seed Technology (UK)
• Milliken Chemical (US)
• Precision Laboratories (US)
• Pursell Agri-tech (US)
• Novochem Group (Netherlands)

According to a research report "Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals) and Region - Global Forecast to 2028" published by MarketsandMarkets, the indoor farming technology market is projected to reach USD 32.3 billion by 2028 from USD 20.3 billion by 2023, at a CAGR of 9.7% during the forecast period in terms of value. The market for indoor farming technology is experiencing growth due to increasing demand for locally sourced and fresh produce which has led to a surge in indoor farming projects.

By component, lighting systems hold a significant market share during the forecast period.
Lighting systems have the largest market share in the component of the indoor farming market due to several factors. Lighting is required for plant growth in non-natural lighting settings. In the absence of sunlight, the quality of the light utilized in vertical farming (spectrum) is amplified to the greatest extent possible. Because artificial light is the only light source in vertical farming, higher light intensities are required in many supplemental light scenarios. In these non-natural light situations, increasing light intensity leads to a larger thermal load that must be cooled. A better light spectrum results in increased agricultural yields, allowing for lower intensities and lower energy usage. The key factors to consider when supplying illumination for plants are the light's quality, quantity, and duration. The actual wavelengths that the lights offer to the plants are referred to as quality. Generally, lights provide either a light spectrum like that of the sun or a spectrum tailored to the needs of plants. Outdoor circumstances can be created by modifying the grow lights' colors, temperatures, and spectrum outputs, as well as changing the intensity output of the lamps. Specific ranges of the spectrum, luminous efficacy, and color temperature are utilized with specific plants and periods depending on the type of plant farmed, the stage of culture, and the photoperiod required.

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By facility, glass or poly greenhouses are projected to dominate the market during the forecasted period.
Several factors are driving the expansion of glass or poly greenhouses in indoor farming. The growing need for locally produced and fresh produce has increased indoor farming initiatives, and greenhouses provide an efficient and controlled setting to meet this demand. Furthermore, advances in greenhouse technology, such as enhanced climate control systems, irrigation techniques, and automation, have made indoor farming more productive and profitable. Furthermore, growing environmental awareness and a drive to decrease carbon footprints have contributed to the appeal of greenhouses, which provide energy-efficient options for indoor agricultural farming. The expansion and demand for glass or poly greenhouses are projected to continue as the indoor farming business expands and evolves, driven by the need for efficient, sustainable, and high-quality crop production.

The key players in this market include Scotts Company LLC (US), Signify Holding (Netherlands), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), NETAFIM (Israel), Heliospectra AB (Sweden), Argus Control Systems Limited (Canada), Lumigrow, Inc (Canada), weisstechnik (US), Priva (Netherlands), LOGIQS.B.V. (Netherlands), Illumitex (US), AmHydro (US), RICHEL GROUP (France), Vertical Farm Systems (Australia), Hydroponic Systems International (Spain), Certhon (Netherlands), Bluelab (New Zealand), Barton Breeze (India), Green Sense Farms Holdings, Inc. (US), Greener Crop Inc. (Dubai), Sensaphone (US), Freight Farms Inc (US), Climate Control Systems Inc (US), Sky Greens (Singapore), and SANANBIO (China). These players have adopted various growth strategies such as partnerships, agreements, and collaborations to increase their global market presence.

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Insect Repellent Active Ingredients Market Forecast And Trends

The insect repellent active ingredients market is anticipated to be valued $1.0 billion in 2023, with a 7.6% CAGR to reach $1.5 billion by 2028. The demand for insect repellent has been steadily increasing over the years due to several factors. One of the main drivers is the growing vector population. Insect repellents focus on controlling the infestation of mosquitoes, flies, ticks, bugs, fleas, and other organisms, which can cause adverse effects on humans. There have been rising instances of epidemics caused by pests such as cockroaches, bugs, mosquitoes, flies, and ants across the globe. To prevent such epidemics, various types of insect repellent formulations are being manufactured. The manufacturing may vary according to the type of insects targeted, formulations, active ingredients, concentration, permit requirements, and product registration.

Market Driver: Growing cases of disease outbreak.

More than 17% of all infectious diseases are vector-borne, according to a report released by the WHO in March 2020. Each year, these illnesses result in about 700,000 deaths. They may be caused by viruses, bacteria, or parasites. Life-threatening diseases like chikungunya, influenza, the H1N1 virus, Zika virus, and dengue have all been on the rise over the past ten years and are typically carried by insects. The Zika virus outbreak in the Americas in 2017 (spread by Aedes aegypti and Aedes albopictus) was the most latest outbreak caused by insect vectors.

The most harmful diseases are spread by mosquitoes. Millions of people globally contract mosquito-borne diseases including malaria and dengue each year. The need for insect repellent products has increased recently due to the spread of diseases.

Malaria is a parasitic infection transmitted by Anopheles mosquitoes. Globally, an estimated 219 million cases of malaria are reported; it results in more than 400,000 deaths annually. Most of the deaths occur in children below the age of five years.

Dengue is another deadly infection transmitted by Aedes mosquitoes. Every year, more than 3.9 billion people in over 129 countries contract dengue. The disease reportedly claims an estimated 40,000 lives every year. According to the National Vector Borne Disease Control Programme (NVBDCP) (India), in 2017, about 11,552 cases of dengue were reported in Tamil Nadu, recording a 350% increase in the number of cases compared to 2016.

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Aerosols segment of the insect repellent active ingredients market by end application is projected to witness the highest CAGR during the forecast period.

Based on end application type, the aerosols segment estimated to account for the highest growth rate. Aerosol insect repellents are widely used and highly effective forms of insect protection, providing a convenient and versatile solution for repelling a variety of biting insects. These products come in pressurized cans or containers and are designed to disperse a fine mist or spray of repellent. Aerosol insect repellents offer several advantages. Their spray format allows for easy and even application, ensuring complete coverage on exposed skin. The fine mist enables the repellent to reach difficult-to-access areas, such as clothing folds or hair. This makes aerosol repellents suitable for outdoor activities and areas with high insect populations.

Major players operating in the insect repellent active ingredients market includes Spectrum Brands Inc. (US), Reckitt Beneckiser Group Plc (UK), Henkel AG & Co KGaA (Germany), MERCK KGaA (Germany), S.C. Johnson & Son Inc. (US), Dabur (India), Godrej (India), Sawyer (US), BUGG Products, LLC (US), Coghlan’s (Canada), Vertellus (US), Sumitomo Chemical Co., Ltd (Japan), Clariant (Switzerland), Citrefine (UK), NK Chemiosys Pvt. Ltd. (India), and Shorgun Organics (India).

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The Asia Pacific market is projected to contribute the largest share for the insect repellent active ingredients market.

Asia Pacific region is confronted with a significant challenge posed by vector-borne diseases, transmitted primarily by insects such as mosquitoes, ticks, and flies. These diseases, namely dengue fever, malaria, chikungunya, and Japanese encephalitis, have a profound impact on public health, resulting in substantial loss of life and economic burden. Each year, a considerable number of cases are reported across key countries in the region.Mosquitoes, being prevalent insects in the Asia Pacific, are notorious for their role in spreading diseases like dengue fever, which affects millions of people annually. In 2021 according to the Ministry of Health and Family Welfare (MoHFW), India alone reported approximately 67,377 cases of dengue fever, indicating a rising trend in the country. Similarly, Japan faces the persistent threat of Japanese encephalitis, transmitted by mosquitoes, with thousands of cases reported each year. This is expected to drive the large market for insect repellents in the region. 

According to a research report "Alginates and Derivatives Market by Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA), Application (Food & Beverages, Industrial, Pharmaceuticals), Form (Powder, Liquid, Gel Form) and Region - Global Forecast to 2028" published by MarketsandMarkets, the alginates and derivatives market is estimated at USD 494 million in 2023 and is projected to reach USD 651 million by 2028, at a CAGR of 5.7% from 2023 to 2028. Alginates and their derivatives stand out for their exceptional functional properties, encompassing versatile applications in numerous industries. With remarkable abilities in gelling, thickening, and stabilizing, these substances have become indispensable ingredients in sectors ranging from food and pharmaceuticals to cosmetics. In the food industry, alginates play a key role in enhancing textures and stabilizing formulations, while in pharmaceuticals, they contribute to controlled-release formulations. Additionally, their versatility extends to cosmetics, where they act as natural thickeners, collectively driving demand across diverse industries.

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

Europe's overall economic stability plays a significant role in determining the trajectory of the alginates and derivatives market. As the region experiences economic fluctuations, consumer spending patterns may be affected, influencing the demand for products incorporating alginates. The interplay between disposable income and consumer preferences holds the potential to sway the market dynamics. Europe's growing emphasis on health and wellness transcends individual consumer choices to impact market dynamics. The preference for natural and clean-label products aligns seamlessly with the properties of alginates. The market, therefore, responds to the evolving health-conscious mindset prevalent in the region, driving manufacturers to incorporate alginates in a diverse range of products.

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By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.

Sodium alginate stands out for its exceptional versatility and functional properties, making it a sought-after ingredient. Derived from brown seaweed, this natural polysaccharide possesses remarkable gelling, thickening, and stabilizing abilities. Beyond the culinary realm, sodium alginate finds applications in pharmaceuticals and textiles. In pharmaceuticals, it is utilized as a binder in tablet formulations and as a controlled-release agent. In the textile industry, sodium alginate serves as a thickening agent in printing pastes for textiles, facilitating color retention and ensuring uniform dye distribution. Its multifaceted applications, coupled with its natural origin and clean-label appeal, position sodium alginate as a pivotal ingredient in the formulation of modern, consumer-driven products.

Major players profiled

Key players operating in the alginates and derivatives market include Cargill Inc. (US), KIMICA Corporation (Japan), FMC Corporation (US), E.I. DuPont de Nemours and Company (US), and The Dow Chemical Company (UK). Other players include Brenntag AG (Germany), Döhler Group (Germany), Penford Corporation (US), Ashland Inc. (US), and Dastech International (US). 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.

Market Opportunities: Increasing Consumption of Convenience Food

The global demand for convenience food is increasing with the rising workloads and busy consumer lifestyles. The global demand for convenience foods has been influenced by increased female participation in the workforce, more use of microwaves, longer working hours, and rising consumer incomes. Alginates are one of the essential food additives in convenience and processed food products such as soups, cakes, pastries, bread, gravies, and snacks, which improve their quality, texture, and taste. Increasing consumer interest in processed food products is one of the significant factors stimulating the growth of the alginates market.

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Leading F&B manufacturers demand customized food additives that further enhance the quality of mouthfeel. This provides an opportunity for alginate manufacturers to provide specific products for specific applications. For instance, Ashland Inc. (US) offers alginates for dairy, confectionery, bakery, frozen foods, meat products, and beverages.The increasing preference for low-calorie and low-fat foods favoring alginates has helped reduce overall fat content in foods; this trend is benefiting the alginates market. Alginates are used as binding agents in several convenience foods. Consumer demand for convenience food products that suit their lifestyles has been on the rise globally. Manufacturers continue to focus on convenience foods and beverages as one of the major potential segments for alginate application. 

The soil amendments market refers to the industry involved in the production, distribution, and sale of products that are used to improve soil quality and fertility. Soil amendments are substances added to soil to enhance its physical, chemical, and biological properties, thereby creating a more favorable environment for plant growth.

The soil amendments market is poised for tremendous growth, with a predicted value of USD 6.0 billion by 2027 and a CAGR of 11.0%. The global market was assessed at USD 3.6 billion in 2022, indicating a growing need for sustainable agricultural solutions and providing multiple chances for enterprises and stakeholders to innovate and have a positive effect.

The selection of soil amendments is determined by the soil's individual needs, such as pH, nitrogen levels, and physical structure. The growing demand for soil amendments reflects growing knowledge of the benefits of organic farming practises and sustainable agriculture, as well as a desire to lessen the environmental effect of traditional farming methods.Farmers may contribute to improve soil health, minimise the use of synthetic and conventional fertilisers, and encourage more sustainable and environmentally responsible agriculture by employing soil amendments. The expansion of the market for soil amendments also represents an opportunity for firms and innovators to create new goods and technology that may assist satisfy the growing need for sustainable and environmentally friendly farming practises.

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The US witnesses the presence of many mines, which are associated with hard rock mining, coal mining, smelting & refining sites, and construction & refining sites. Mines not only contribute to air pollution but also to land degradation and leave the soil less fertile and vulnerable to erosion. The abandoned mines are generally present in the forest areas, reducing the overall forest productivity and timber harvest potential. Some of these are also present in rural areas with rugged terrains and limited access.

Market Drivers: Easier availability of humic substances as raw materials

Humic substances are widely distributed organic carbon-containing materials in terrestrial and aquatic environments. The availability of humic substances boosts the growth of the market. In terms of consumption of humic substances, Europe leads the market, followed by the Asia Pacific due to its easy and cheap availability in countries such as China and India. Asian countries account for a large agricultural area due to the greater availability of humic substances in this region.

The key players in this market include BASF SE (Germany), UPL Limited (India), FMC Corporation (US), Adama (Israel), Bayer (Germany), Novozymes (Denmark), Lallemand Inc (Canada), and T Stanes & Company, Evonik Industries (Germany), and Nufarm (Australia).

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Target Audience:

• Fertilizer manufacturers, formulators, and blenders
• Agrochemical traders, suppliers, distributors, importers, and exporters
• Raw material suppliers and technology providers to soil amendment/soil conditioner manufacturers
• Agricultural co-operative societies
• Fertilizer associations and industry bodies:
• Food and Agriculture Organization (FAO)
• International Fertilizer Industry Association (IFIA)
• International Fertilizer Association (IFA)
• European Consortium of the Organic-Based Fertilizer Industry (ECOFI)
• Government agricultural departments and regulatory bodies:
• US Environmental Protection Agency (EPA)
• Canadian Food Inspection Agency (CFIA)
• US Department of Agriculture (USDA)
• European Food Safety Authority (EFSA)

Juice concentrates are a form of concentrated fruit or vegetable juices with reduced water content. They are widely used in various food and beverage applications, such as juices, beverages, jams, sauces, and desserts. As a part of adopting a clean and healthy lifestyle, there is a rise in the consumption of fruit and vegetable juice concentrates by consumers across the globe. The global market has also witnessed a rising demand for juice concentrates across different industries including food and beverages, bakery, dairy, and others. With this rising demand, the manufacturing players have come up with various innovations and products to support the rising need.

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Market Growth:

• The global juice concentrates market has experienced steady growth in recent years, driven by factors such as increased consumer demand for natural and healthier beverage options. The global juice concentrates market is estimated to be valued at USD 73.7 billion in 2022. It is projected to reach USD 93.7 billion by 2027, recording a CAGR of 4.9% during the forecast period.

Types of Juice Concentrates:

• Juice concentrates are available in various types, including orange, apple, grape, pineapple, and other fruit and vegetable concentrates.

Applications:

• Juice concentrates are used in the food and beverage industry for the production of juices, nectars, soft drinks, and alcoholic beverages. They are also utilized in the manufacturing of jams, jellies, and various food products.

Health and Wellness Trends:

• Consumer preferences for natural and healthier products have influenced the demand for juice concentrates, as they offer a way to add fruit flavors without the high water content found in regular juices.

Convenience and Shelf Life:

• Juice concentrates are popular due to their longer shelf life and convenience in storage and transportation compared to regular juices. They can be reconstituted with water at the time of use.

North America is projected to be the second-largest market in the juice concentrate industry.

The North American juice concentrates market has an important share in the markets of fruits such as cranberry, lime, and lemon. The markets within North America studied for this report are the US, Canada, and Mexico. The U.S. contributes to two-thirds of the global cranberry production, and hence, the number of manufacturers of cranberry concentrates in this country is high. The juice concentrate market in Canada faces competitive pressure and unfavorable consumer trends. The manufacturers are most strongly affected by the change in per capita income, health trends, prices of substitutes, and weather conditions. This is due to the geographic location of the country. The increased demand for convenience food products offers growth opportunities to juice concentrate manufacturers. Major players in the juice concentrate market in the region are also innovating their product offerings to improve their product portfolios.

Powdered concentrates will see a greater demand in the bakery market for applications such as flavoring agents

Juice concentrates are used in the bakery & confectionery industry in the form of a sweetener and colorant. It is also applied as icing to decorate baked products such as cakes and muffins. The utilization of juice concentrates provides a balanced and natural flavor compared to plain water. Manufacturers consider juice concentrates as a suitable substitute for sugar during the production of bakery products, and the demand for health products has encouraged manufacturers to produce innovative and new products for consumers who are willing to pay a premium amount for the consumption of healthy bakery food.

Bakery and confectionary manufacturers are incorporating fruit and vegetable components into their products to increase the nutritional content of the product, thereby attracting health-conscious consumers as well as a segment of consumers who want to indulge in these products but in a more mindful manner.

The key players in juice concentrates market include Archer Daniels Midland Company (US), Südzucker AG (Germany), Ingredion Incorporated (US), SunOpta, Inc (Canada), Kerry Group PLC (Ireland), IPRONA SPA (Italy), Symrise AG (Germany), Döhler Group SE (Germany), SVZ International B.V (Netherlands), and Kanegrade Limited (UK).

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The report "Agricultural Pump Market by Type (Rotodynamic Pumps, Positive Displacement Pumps), Power Source (Electricity-grid Connection, Diesel/Petrol, Solar), HP, End-Use (Irrigation, Livestock Watering), and Region – Global Forecast to 2025" size is estimated to be valued at USD 4.2 billion in 2020. It is projected to reach a value of USD 6.1 billion by 2025, growing at a CAGR of 7.6% during the forecast period. Factors such as increasing land being brought under irrigation, rising adoption of modern agricultural practices in developing countries, government support in the adoption of new agricultural equipment and technology, increased rate of mechanization, and the advent of big data in agricultural farms are some of the factors that are driving the growth of the market. However, the operation of pumps in fragmented landholdings and high maintenance costs are some of the factors hindering the growth of this market.
Asia Pacific is projected to hold the largest market share during the forecast period
Asia Pacific is the largest share of the global agricultural pumps market due to the presence of some of the major agricultural crop producers, such as China, India, and South Korea, which have large population sizes that demand various varieties of crop products to meet their consumption requirements. This has led to an increase in the land being brought under cultivation, which leads to the growing demand for agricultural pumps.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agricultural pumps market. It consists of the profiles of the leading companies such as Xylem Inc. (US), Grundfos (Denmark), Kirloskar Brothers Limited (India), KSB SE (Germany), Valmont Industries (US), Jain Irrigation Systems (India), Franklin Electric (US), WILO (Germany), Shakti Pumps Ltd (India), and Shimge Pump Industry Group Co., Ltd (China).
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The irrigation segment, by end-use, is estimated to hold the largest revenue share in the agricultural pumps market in 2020
The agricultural pumps market, by end-use, has been segmented into irrigation and livestock watering. With the increasing population and subsequent rise in demand for food, there has been an increase in the land area being brought under irrigation due to which a complementary demand pattern can be witnessed for agricultural pumps. The major portion of the water withdrawals made across the globe caters to the agricultural sector, and within the agricultural sector, it is used for irrigation purposes.
The electricity grid-connection segment, by power source, is estimated to account for the largest revenue share of the agricultural pumps market in 2020
There are three main sources of power for agricultural pumps, namely electricity grid-connection, diesel/petrol, and solar. While many growing markets, such as South America, the Middle East, and Africa, make use of conventional energy sources such as oil, gas, and coal for driving pumps. However, in regions such as Asia Pacific, Europe, and North America, the market for electricity grid-connections is higher, as it is being provided at a subsidized rate to the farmers. The use of electric pumps is more efficient and cost-effective as compared to that of diesel/petrol pumps.
The markets for agricultural pumps in the range of 4 hp-15 hp, by power source, is estimated to account for the largest share of the agricultural pumps market in 2020
The agricultural sector makes use of pumps varying in the range based on the depth of area from which the water has to be sourced or the distance from water sources, such as reservoirs, rivers, lakes, and dams. The most used type of agricultural pumps is in the range of 4hp -15hp due to its widespread application in irrigation activities of small and medium-sized landholdings. Since, in the agricultural sector, most of the available land is fragmented, it is convenient and cost-effective to make use of pumps of this range.
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The Low Intensity Sweeteners Market refers to the market for alternative sweeteners that have a lower calorie count and glycemic index compared to traditional sugar. Low intensity sweeteners are used as a sugar substitute in various food and beverage products, including soft drinks, baked goods, confectionery, and dairy products, among others.

The market for low intensity sweeteners is driven by the increasing health concerns related to high sugar consumption, rising demand for low-calorie food and beverage products, and the growing prevalence of diabetes and obesity. Low intensity sweeteners such as stevia, erythritol, xylitol, and monk fruit extract are gaining popularity due to their natural origin and their ability to mimic the taste and texture of sugar.

Low Intensity Sweeteners Market Continues to Flourish with a CAGR of 4.6%, Valued at US$2.9 Billion in 2021 and Expected to Reach US$3.6 Billion by 2026

Low intensity sweeteners offer several benefits for a healthier lifestyle. Some of the benefits of low intensity sweeteners include:

• Reduced calorie intake: Low intensity sweeteners have a significantly lower calorie count than traditional sugar, making them a suitable alternative for those looking to reduce their calorie intake.
• Lower glycemic index: Low intensity sweeteners do not cause a significant spike in blood sugar levels, making them a better option for individuals with diabetes or those looking to manage their blood sugar levels.
• Dental health: Low intensity sweeteners do not promote tooth decay as they are not fermented by oral bacteria, unlike traditional sugar.
• Weight management: Low intensity sweeteners may help with weight management as they can reduce overall calorie intake and prevent sugar cravings.
• Safe for consumption: Most low intensity sweeteners are safe for consumption and have been approved by regulatory agencies such as the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA).
• Suitable for different dietary needs: Low intensity sweeteners are suitable for individuals following various dietary restrictions, including those on a low-carb, keto, or vegan diet.
• Versatile usage: Low intensity sweeteners can be used in various food and beverage products, including baked goods, beverages, and confectionery, among others, without compromising on taste or texture.

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Overall, low intensity sweeteners can be a healthier alternative to traditional sugar while providing the same level of sweetness and flavor.

Asia Pacific emerges as the growth leader in low intensity sweeteners market with highest CAGR, propelled by a transformation in diet diversification and urbanization. 

According to a research report "Ketones Market by Application (Supplements, Food & Beverages, Cosmetics & Personal Care Products), Supplement Type (Ketone Salts, Ketone Esters, Ketone Oils, Raspberry Ketones), Form (Solid, Liquid, Semi- Liquid) and Region - Global Forecast to 2028" published by MarketsandMarkets, the Ketones market is projected to reach USD 765 million by 2028 from USD 561 million by 2023, at a CAGR of 6.4% during the forecast period in terms of value. The ketones market is experiencing growth due to increasing consumer awareness of ketogenic lifestyles, rising demand for supplements, and ongoing research and innovation in ketone-related products.
Ketones Market Expansion Fueled by Health Awareness, Fitness Trends, Diverse Applications, and Industry Innovations.
The ketones market is expanding rapidly, driven by a confluence of factors. Growing awareness of the health benefits associated with ketogenic diets and lifestyles has spurred increased consumer interest. This surge is further propelled by a rising emphasis on fitness and well-being. The market expansion is also attributed to the continuous exploration of diverse applications for ketones, including their use in supplements, food and beverage products, cosmetics, and pharmaceuticals. Key players in the industry, exemplified by companies like Perfect Keto Group and Nutrex Research, contribute to the market's dynamism through product innovations and diverse offerings. Additionally, research and development efforts focusing on enhancing the efficacy and safety of ketone products contribute to the overall market expansion. As the demand for ketones diversifies across various sectors, the market continues to witness robust growth, reflecting the evolving preferences and lifestyles of consumers.
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In ketones, supplements take the lead due to ketogenic diet trends, convenience, palatability, and broad consumer appeal.
The dominance of supplements in the ketones market is attributed to the pervasive adoption of ketogenic diets for weight management, and overall health has propelled the demand for convenient and effective ketone supplementation. Supplements offer a user-friendly approach, facilitating easy integration into daily routines. Their palatability and versatility make them an appealing choice for consumers seeking the benefits of ketosis without the challenges of dietary adjustments. Furthermore, supplements cater to a broad consumer base, including fitness enthusiasts, individuals with specific health goals, and those aiming for cognitive enhancement. The market share of supplements is further heightened by the strategic marketing efforts of industry leaders, robust distribution channels, and ongoing research to enhance formulation efficacy. As consumers increasingly prioritize health and wellness, the accessibility and efficacy of ketone supplements continue to drive their elevated market share.
North America dominated the ketones market during the study period.
The dominance of the North America region in the ketones market during the study period can be attributed to several key factors. The presence of significant market players like Perfect Keto Group (US), H.V.M.N, INC. (US), Ketologic (US), Pruvit Ventures, Inc. (US), Ketoneaid (US), Max Sweets (US), Keto and Co (US), Eastman Chemical Company (US) contributes to the region's prominence. These companies play pivotal roles in production, innovation, and distribution, enhancing the market's growth.
North America's dominance in the ketones market stems from rising consumer awareness, a robust distribution network, and a health-conscious culture. The region's advanced healthcare infrastructure fuels continuous research and development, yielding cutting-edge ketone formulations. Key industry players strategically tailor products to evolving preferences and implement effective marketing strategies, reinforcing North America's leadership. The region's penchant for early adoption of health trends, including ketogenic diets, establishes a significant consumer base. Notably, North America's favorable economic conditions and high disposable income further propel demand for premium ketone products. While weight management benefits are crucial, emphasizing rising obesity statistics could enhance the understanding of the market drivers.
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Key players in this market include Perfect Keto Group (US), H.V.M.N, INC. (US), Ketologic (US), Pruvit Ventures, Inc. (US), Ketoneaid (US), Max Sweets (US), Keto and Co (US), Eastman Chemical Company (US), Zenwise (US), Nutrex Research, Inc. (US), Genomatica, Inc. (US), Lifesense Product (US), TdeltaS Global, Inc. (US), Advanced Biotech (US), and Boli LLC (US).