Research Reports And Consulting

The dairy alternatives market is estimated at USD 27.0 billion in 2023 and is projected to reach USD 43.6 billion by 2028, at a CAGR of 10.1% from 2023 to 2028 according to a report published by MarketsandMarkets™. Plant-based dairy alternatives offer a range of nutritional benefits that make them a popular choice for individuals seeking a healthier and more sustainable alternative to traditional dairy products. The consumption of plant-based dairy alternatives has seen a rise due to their nutritional advantages, which include lowered cholesterol levels, enhanced cardiovascular well-being, and improved diabetes management. Numerous plant-based milk substitutes, including soy milk, almond milk, oat milk, and rice milk, boast lower fat and calorie content when compared to cow's milk.

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The prevalence of dairy intolerance and allergies has spurred the exploration of dairy-free alternatives. Such alternatives serve as a remedy for those grappling with digestive discomfort or adverse reactions following the consumption of traditional dairy items. Plant-based milk substitutes, such as almond milk and coconut milk, have garnered popularity for providing a nourishing and easily digestible alternative for individuals with sensitivities. Dairy alternatives are increasingly being developed to offer not simply basic nutrition but also functional benefits. These products are often enriched with essential nutrients, including vitamins, minerals, and antioxidants, to support overall well-being. Consumers are drawn to dairy alternatives that offer specific functional advantages, such as plant-based milk fortified with added calcium to promote bone health or omega-3 fatty acids to bolster heart health.
In response to the growing demand for allergen-free choices, the dairy alternatives market has diversified its offerings to cater to diverse dietary requirements. This trend holds relevance for individuals with nut allergies, given that many traditional dairy alternatives are nut-based. Manufacturers are now introducing options derived from seeds, grains, and legumes, ensuring alternatives for those with nut allergies while maintaining nutritional value. Culinary innovation and flavor exploration have also gained prominence. Consumers no longer content themselves with plain, unflavored alternatives.

The flavored sub-segment in the formulation segment is estimated to grow at 10.4% during the forecasted period.
Flavored milk alternatives are particularly successful in replicating the creamy and indulgent qualities of traditional dairy milk. With advanced formulation techniques, manufacturers are able to closely resemble conventional dairy milk in both texture and flavor. Many people choose dairy alternatives because of lactose intolerance, milk allergies, or ethical reasons. Flavored milk alternatives offer a familiar taste experience without compromising their dietary choices. They are often perceived as a healthier alternative to sugary dairy-based products. Manufacturers are increasingly offering low-sugar and fortified versions to cater to health-conscious consumers. Flavored milk alternatives are versatile and can be used in a variety of culinary applications, such as smoothies, desserts, and baking, making them even more appealing. Heat treatment has been used to extend the shelf life of plant-based milk to increase total solids yield and improve flavor; however, excessive heating is found to cause detrimental effects on nutrients (vitamins and amino acids), browning, and the development of cooked flavor. In addition, factors such as changing lifestyles, rising health consciousness, and changing eating habits are driving the flavored & unsweetened segment. The major reason for the acceptability of this category is that these products are extremely consumer-friendly, palatable, and low in sugar. Among other players, Blue Diamond Growers (US) offers unsweetened versions of dairy alternatives in vanilla and chocolate flavors.

Almond source is estimated to dominate the by source segment in the dairy alternatives market.

Almond-based products are experiencing substantial demand within the dairy alternatives market due to their numerous advantageous qualities. The growth of the almond-based dairy alternatives sector can be attributed to factors such as its rich nutritional profile, the ready availability of raw materials, and its increasing popularity among consumers.
In accordance with USDA data, a single cup (262 grams) of almond milk contains a mere 39 calories, along with 1 gram of protein and 2.5 grams of fat. Almond milk boasts a distinct nutty flavor and is a suitable choice for vegans, individuals with lactose intolerance, and those allergic to soy milk. Furthermore, almond-based dairy alternatives prove beneficial for health-conscious consumers as they are devoid of cholesterol and saturated fats. These alternatives come in a variety of options, ranging from plain sweetened to plain unsweetened and flavored sweetened to flavored unsweetened.

As consumers increasingly seek healthier options, almond milk, being naturally lactose-free and low in saturated fat and calories, aligns perfectly with their preferences. Furthermore, dietary constraints such as vegetarianism and lactose intolerance have increased demand for almond milk as a dairy-free substitute. It also accommodates people who are allergic to nuts, as allergenic proteins are normally eliminated during manufacture. Furthermore, increased environmental consciousness has prompted customers to prefer almond milk, which has a reduced carbon footprint and takes less water to produce. Almond milk's pleasant flavor and adaptability in cooking have increased its appeal, making it a favorite ingredient in a variety of dishes. Within the dairy substitute industry, almond milk stands out as one of the most popular options, boosting innovation, expanding product lines, and appealing to a diverse consumer base.

Europe is estimated to grow at the fastest CAGR in the dairy alternatives market.

The European Union is one of the biggest dairy exporters in the world. Thus, conventional dairy has a huge share in the European market as compared to dairy alternatives. However, despite the dominance of the dairy sector in the region, a surge in the growth of the dairy and plant-based alternatives sector has been observed in recent years. Many retailers and supermarket giants are adding soy drinks and rice drinks to their product shelves as they are witnessing an increase in sales of dairy alternatives.
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Consumers in the European market prioritize health, as well as demonstrate awareness of animal welfare and environmental sustainability. Consequently, they frequently scrutinize product ingredients prior to making purchases. This heightened awareness has led to an upsurge in demand for low-fat and lactose-free food options. As a result, major industry leaders are shifting their focus towards acquiring other businesses and broadening their product offerings to incorporate plant-based dairy alternatives. In 2017, French dairy player Danone acquired WhiteWave Foods, a specialist in dairy alternatives. According to Fi Global Insights 2021, Germany has recently replaced the UK as the top consumer of dairy alternatives in the region. The rise in demand for dairy-free food & beverage products that are environmentally sustainable and healthy is driving the dairy alternatives market in Europe.
Therefore, major players in the region, such as Nutriops S.L. (Spain), Grupo Leche Pascua SA (Spain), Danone (France), and Oatly (Sweden), are trying their best to tap the region's potential by expanding and diversifying dairy alternatives portfolios to meet the consumer's demand

According to a research report "Robotic Farming Equipment Market by Type (Unmanned Aerial Vehicles/Drones, Milking Robots, Driverless Tractors, Automated Harvesting Systems), Farming Environment (Indoor and Outdoor), End-use Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the Agriculture Robots market is estimated at USD 13.5 billion in 2023 and is projected to reach USD 40.1 billion by 2028, at a CAGR of 24.3% from 2023 to 2028. The Precision farming robots market is experiencing robust growth and is poised to revolutionize the farming industry worldwide. With a growing need to address challenges like labor shortages, increasing demand for food, and the necessity for sustainable agricultural practices, the adoption of agriculture robots has gained significant momentum.

The market scenario for farm automation technology is witnessing a steady increase in investments from both established companies and startups. Major players in the robotics industry are actively developing advanced robotic solutions tailored for various agricultural tasks.

 Additionally, governments and agricultural organizations are also encouraging the adoption of these technologies by providing subsidies and incentives to farmers. The market growth can be attributed to several factors. Firstly, the increasing trend of precision agriculture, driven by data-driven farming practices, is fueling the demand for robots equipped with advanced sensors and AI capabilities.
These robots enable farmers to optimize resource usage, leading to improved productivity and reduced costs. Secondly, the rising awareness of sustainability and environmental concerns is driving the need for more efficient and eco-friendly farming methods. Agriculture robots offer precise application of inputs like fertilizers and pesticides, minimizing wastage and environmental impact. As the industry matures and technology becomes more accessible, the cost of agriculture robots is likely to decrease, further encouraging adoption among farmers of all scales. The agriculture robots market is expected to continue its growth trajectory, transforming the global farming landscape and contributing to a more sustainable and productive future for agriculture.

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North America is expected to account for the largest market share in 2023.

The Automated agricultural machinery industry in North America is witnessing rapid growth, driven by various factors that are shaping the industry and encouraging the widespread adoption of robotic technologies in farming practices. North America is experiencing a decline in the availability of agricultural labor due to factors like urbanization and changing demographics. As labor costs rise, farmers are turning to agriculture robots to automate repetitive and labor-intensive tasks, reducing their dependency on human workers and mitigating the impact of labor shortages. The region is at the forefront of technological innovation, and the integration of advanced technologies like artificial intelligence, machine learning, and IoT (Internet of Things) has significantly enhanced the capabilities of agriculture robots. These cutting-edge technologies enable robots to make data-driven decisions, perform precise operations, and optimize farming practices, leading to increased efficiency and productivity. The presence of leading research institutions and companies dedicated to robotics and agriculture in North America has contributed to the accelerated growth of the agriculture robots market. Ongoing research and development efforts continue to push the boundaries of what agriculture robots can achieve, opening up new possibilities and applications.

The type segment, by Unmanned Aerial Vehicles, is expected to account for the largest share in 2023.
Agriculture drones are revolutionizing the farming industry and promoting the transition toward digital agriculture. These unmanned aerial vehicles equipped with various sensors and imaging technologies have the potential to significantly change agriculture in several ways. Firstly, they enable precision farming practices by providing high-resolution imagery of crops and fields, helping farmers identify variations in soil health, moisture levels, and crop health. This allows for precise application of resources like water, fertilizers, and pesticides, optimizing their usage and minimizing waste. Additionally, drones equipped with thermal and multispectral cameras can monitor crops throughout their growth cycles, detecting pest infestations, diseases, or nutrient deficiencies early on, enabling farmers to take timely corrective actions and increasing overall crop productivity. The efficiency in data collection and analysis saves time and effort, allowing farmers to focus on strategic decision-making and better farm management practices, leading to increased efficiency and productivity. Moreover, the data-driven insights gathered by agriculture drones can be integrated with other digital technologies like farm management software and AI algorithms, helping farmers make data-driven decisions, predict crop yields, and optimize overall farm performance.
The application segment, by Field Farming, is expected to dominate the market with the largest share in 2023.
Agriculture robots offer significant benefits in field farming by automating various tasks and providing valuable insights to farmers. These robots can perform tasks such as planting, seeding, weeding, spraying pesticides, and harvesting, reducing the reliance on manual labor and increasing efficiency.
The precision and accuracy of agriculture robots lead to optimized resource usage, including water, fertilizers, and pesticides, resulting in reduced costs and minimal environmental impact. Additionally, the data collected by these robots through advanced sensors and cameras allow farmers to monitor crop health, detect diseases, and assess soil conditions in real-time. This data-driven approach enables farmers to make informed decisions, implement targeted interventions, and maximize crop yields.
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Top players analyzed:
Deere & Company (US), CNH Industrial NV (UK), AGCO Corporation (US), Lely (the Netherlands), AgJunction (US), DeLaval (Sweden), Deepfield Robotics (Germany), Naïo Technologies (France), KUBOTA Corporation (Japan), Monarch Tractor (US), and Clearpath Robotics (Canada)

Feed phosphates are essential components in animal nutrition, particularly in the production of animal feed. They play a crucial role in promoting growth, enhancing bone development, and supporting overall animal health. Phosphates are often added to animal feed to ensure that animals receive an adequate supply of phosphorus, a vital mineral.

Feed Phosphates Market Forecast:

Feed phosphates contribute to the overall health and performance of animals, including bone development, energy metabolism, and immune function. Livestock and poultry farmers are increasingly aware of the benefits of feed phosphates in enhancing animal well-being, leading to their higher adoption. The feed phosphates market size is estimated at USD 2.6 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 4.0% from 2023 to 2028.

Based on type, dicalcium phosphate is estimated to account for the largest global feed phosphates market share

Based on type, dicalcium phosphate (DCP) segment is estimated to account for the largest feed phosphates market share. A proper calcium-to-phosphorus ratio is essential for animal nutrition. DCP provides an ideal balance of these minerals, ensuring that animals receive the right nutrients to support their growth and health. Compared to other feed phosphates, DCP is relatively cost-effective, making it an attractive option for farmers seeking affordable yet high-quality mineral supplements for their animals.

Powder segment, by form is projected to witness the highest CAGR during the forecast period.

Powdered feed phosphates are easy to handle and mix with other feed ingredients. Their fine texture allows for uniform distribution throughout the feed, ensuring that animals receive a consistent and balanced supply of essential minerals. The fine particle size of powdered feed phosphates results in higher surface area, facilitating better enzymatic activity and absorption in the gastrointestinal tract. This enhanced bioavailability ensures that the animals can efficiently utilize the phosphorus and other minerals present in the feed phosphate.

Key Questioned Addressed by Feed Phosphates Market Report

What are the drivers and opportunities for the global feed phosphates market?

Which region is expected to hold the highest feed phosphates market share?

Which are the major companies in the global feed phosphates market?

The global probiotics market was experiencing significant growth, driven by increasing consumer awareness of the health benefits associated with probiotic consumption. Probiotics are live microorganisms that confer health benefits to the host when administered in adequate amounts.Probiotics are living microorganisms that have been shown to provide specific health benefits to consumers. They are known to support gut health and help in running the digestive system smoothly. Yogurt is one of the prime natural sources of probiotics. A rise in the number of health-conscious consumers, a rise in probiotics awareness, an aging population, and an increase in the number of gut-related disorders is driving the market of probiotic products.
The global probiotics market size is predicted to grow at a CAGR of 8.1% between 2022 and 2027, reaching a value of $85.4 billion by 2027 from a projection of $57.8 billion in 2022.

Asia Pacific has a huge probiotics market share which implies that the demand and consumer awareness is high in the region, making it the most lucrative region for probiotics market players to enter. Other factors such as rapidly rising urbanization, government health initiatives, rise in the demand for meat, and fast-growing economies with attractive investment opportunities are pulling investments in the industry from various players around the globe. Japan-based Yakult Honsha Co. Ltd. is a leading and well-established player in the market, particularly in the functional beverages category. It has a dominant share in the region for this category. The knowledge of consumer perception and local taste gives it a competitive edge over other players that are not from the region.
According to estimates, Europe is expected to hold 22% of the probiotics market share in 2022. The awareness and consumption of probiotics products are high in the region. The food & beverages industry is one of the largest and most important manufacturing sectors in Europe. The food market in the region is highly fragmented and consists of a large number of companies, most of which are small to medium-scale. The Europeans are health conscious and scrutinize ingredients on product labels before purchasing them.

Global Probiotics Market Trends
Increasing awareness of gut health has been a major driver, with consumers recognizing the link between a healthy gut microbiome and overall well-being. Probiotics have been incorporated into various functional foods and beverages, such as yogurt and kombucha, as manufacturers respond to the demand for products offering health benefits beyond basic nutrition. The market has seen a diversification of probiotic strains, driven by ongoing research in microbiome science and a focus on developing products with targeted health outcomes. E-commerce growth has made probiotic products more accessible, and regulatory developments in some regions have influenced manufacturing processes and marketing claims. The industry has also witnessed a trend towards personalized nutrition, with consumers seeking probiotic products tailored to their specific health needs. Global expansion, strategic partnerships, and acquisitions have further shaped the probiotics market, reflecting its dynamic and evolving nature.

Potential opportunities in the global probiotics market
Diverse Product Applications:
The expansion of probiotics into diverse product categories, such as beverages, snacks, and supplements, presents an opportunity for innovation and market growth. Companies can explore creative ways to incorporate probiotics into different types of consumer goods.
Customization and Personalization:
The trend towards personalized nutrition provides an opportunity for companies to develop tailored probiotic products that address specific health concerns and individual preferences. Customized formulations and delivery methods can cater to a wide range of consumer needs.
Targeted Health Benefits:
Capitalizing on the specific health benefits associated with different probiotic strains, companies can develop products targeting conditions such as digestive health, immune support, mental well-being, and weight management. Targeted formulations may resonate with consumers seeking solutions for particular health concerns.
Advanced Delivery Systems:
Innovations in delivery systems, such as encapsulation and time-release technologies, can enhance the effectiveness of probiotic products by ensuring the survival of live cultures through the digestive system. Developing advanced delivery methods can be a valuable opportunity for companies in the market.

According to MarketsandMarkets, the global nut products market size is estimated to be valued at USD 1.5 billion in 2020 and is projected to reach USD 2.0 billion by 2025, recording a CAGR of 5.8%. The growing inclination of consumers towards plant-based and gluten-free products coupled with increasing health awareness is promoting the market. The product launches by key players belonging to key application sectors such as bakery and confectionery is also driving the growth of the market.

By application, the cereals & snack bars segment is projected to experience the fastest growth in the market during the forecast period
There is significant demand for the consumption of cereasl & snack bars because of its ability to meet dietary requirements such as low-sugar, low-fat and plant-based. The increase in discretionary spending habits, which has been significantly visisble in the past few years has contributed in the growth of snacks industry, in turn fueling the snack bars market.

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By type, the nut paste segment is projected to account for the largest share in the market during the forecast period
Nut paste is largely used as nut spread on breads, cakes and biscuits. The development of technology and increase in consumer awareness of the nutritional properties have led to the development of various nut products. Attributes such as better taste, texture, colour, high protein, clean label and sustainability, has given rise to the growth for plant-based food products. Acting as plant-based protein source, peanut and almond paste have many health benefits.
Europe is projected to dominate the global market by 2025
The European region is projected to record a higher growth rate during the forecast period. Consumers in this region are witnessing a high demand for natural and low-sugar ingredients, and food products, resulting in a surge in nut product consumption. The trend of using natural and trusted ingredients is reflected in the increasing use of ‘clean labels,’ with other health-related claims such as ‘gluten-free.

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Key Market Players:
Key players in this market include Olam International (Singapore), Barry Callebaut (Switzerland), Blue Diamond Growers (US), Zentis GmbH & Co. KG (Germany), Mount Franklin Foods (US), Kerry Group (Ireland), Mandelin, Inc (US), Bazzini (US), Besana (Italy), Lubeca (Denmark), and Puratos (Belgium). These major players in this market focus on increasing their presence through expansions, mergers & acquisitions, partnerships, joint ventures, and agreements. 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.

The global environmental testing market refers to a sector that involves the analysis and assessment of various environmental parameters to ensure compliance with regulations and standards. This market serves industries, governments, and other organizations concerned with environmental protection and sustainability. The importance of environmental testing is rising as a result of growing public awareness in environmental issues, as well as the ability to broadcast these issues quickly via social media and the increasing regulations by various government organization across the globe. With an 8.1% CAGR from 2022 to 2027, the global environmental testing market size is expected to be worth $9.4 billion in 2022 and more than $13.9 billion by the end of 2027.

Environmental testing has become a crucial element in our efforts to safeguard public health and preserve the planet's natural resources. By providing critical insights into the impact of pollutants on our environment, this process has enabled us to develop effective measures to counteract the harmful effects of pollution. The global environmental testing market is poised for substantial growth, driven by a combination of factors such as heightened environmental awareness, stringent government regulations, and rapid technological advancements.

The organic compounds segment dominated the market by targets tested, with the largest environmental testing market share during the forecast period.

The organic compounds cans be commonly found in water, air, and soil, as they are essential ingredients in many products and materials. Residual of these contaminants can be extremely harmful for environment. To avoid various health risks, government bodied have been regulating the standards often, and has been a highly demanded testing services by various industrial companies.

The wastewater/effluent market dominated the market for environmental testing, with the largest environmental testing market share during the forecast period.

With the increase in the population, the demand for clean drinking water and water for agricultural and irrigation purposes has increased, the demand for wastewater testing has been on high demand. Government demand the treatment and testing of wastewater industry producing chemicals, pharmaceuticals, food, beverages, and other products to safeguard the environment and communities.

The key players in global environmental testing market SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS (Australia), TÜV SÜD (Germany), AsureQuality (New Zealand), Mérieux NutriSciences (France), Microbac Laboratories, Inc. (US), Envirolab Services Pty Ltd (Australia), R J Hill Laboratories Limited (New Zealand), Symbio Laboratories (Australia), Alex Stewart International (UK), EMSL Analytical, Inc. (US), and F.B.A. Laboratories Ltd (Ireland). These players in this market are focusing on increasing their presence through expansion and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have infrastructure facilities along with strong laboratory networks across these regions.

Key Questioned Addressed by Environmental Testing Market Report

What is the expected environmental testing market size in the coming years?

What is the estimated growth rate (CAGR) of the global environmental testing market for the next five years?

What was the global environmental testing market size in 2022? 

The seed treatment market involves the application of various treatments to seeds before planting to enhance their performance, protect them from diseases and pests, and improve overall crop yield. Seed treatment methods include the application of fungicides, insecticides, nematicides, and other chemical or biological agents. The goal is to ensure better germination, early plant establishment, and protection against potential threats.

The seed treatment market size is influenced by factors such as region, crop type, and the adoption rate of seed treatment technologies. Future trends in the seed treatment market may include further advancements in technology, increased focus on biological seed treatments, and the development of sustainable and eco-friendly solutions. Asia Pacific accounted for the fastest region, during the forecast period, in terms of volume and value, respectively. Asia Pacific comprises of the largest developing countries with vast agricultural lands as compared to other regions. The per capita income of the region depends on the agricultural activities conducted in the countries. The key countries that play an important role in the agriculture sector in this region are India, China, Japan, and Thailand. Cereals & grains, fruits & vegetables, are the leading agricultural commodities grown in these countries. Rice cultivation and the predominance of small-scale manufacturers are widely seen across all the countries of Asia Pacific.

Seed Treatment Market Forecast

With an excellent compound annual growth rate of 8.3%, the seed treatment market size is predicted to reach $9.2 billion by 2027. In 2022, the market valuation reached an amazing US$ 6.1 billion, and it is only expected to climb from there. 

By formulation, LS (Liquid Solution) segment is projected to be the fastest-growing segment in the global seed treatment market during the forecast period.

Liquid solution (LS) is a clear or opalescent liquid that is either directly applied to the seed or as a solution of active ingredients after dilution. LS is increasingly being used by farmers owing to its benefits such as easy and uniform application, ease of handling, and larger coverage, among others. Most of the insecticides and fungicides are available in the form of liquid solutions. The use of liquid solution is known as the "quick wet” method, where a volatile fungicide is applied to the seed and it thoroughly mixed with them.

New technologies such as microbial technologies provide significant opportunities for new entrants in the market. Some of these companies are hampering the growth of leading players. The new market entrants have comparatively lower brand recognition, but they offer products at lower prices compared to the prices of established players, affecting the seed treatment market share of major companies.

Key Questions Addressed by Seed Treatment Market Report

Why is seed treatment important?

What types of treatments are used on seeds?

What are seed treatment market trends?

How big is the seed treatment industry?

Lactic Acid and Polylactic Acid Market Forecast
The lactic acid market is estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.8 billion by 2028, at a CAGR of 12.4% from 2023 to 2028. The global polylactic acid market is anticipated to be valued at USD 1.3 billion in 2023 and escalate to USD 2.9 billion in 2028 by growing at a CAGR of 17.7%.
The surging concerns over global warming and plastic pollution have led to significant attention being directed towards bio-plastics. One standout option among these alternatives is polylactic acid (PLA), which possesses the dual advantages of being derived from renewable sources and is biodegradable. Its applications in disposable packaging have proliferated extensively. Jem's law estimates that the demand for PLA in the global market doubles every 3 to 4 years. However, when compared to traditional petroleum-based plastics, PLA is generally more expensive and often exhibits subpar mechanical and physical properties. Nevertheless, recent progress in compounding techniques and the successful commercialization of D(-) lactic acid and its polymer PDLA present promising opportunities for augmenting the mechanical and thermal characteristics of PLA. For instance, the development of stereocomplex PLA shows potential for high-end market utilization, effectively addressing the performance limitations of PLA and broadening its prospects across diverse industries.

The lactic acid and polylactic acid market growth is driven by increasing demand in various industries. Lactic acid, utilized in food, pharmaceuticals, and biodegradable polymers, saw growth due to sustainability trends and technological advancements in production. The PLA market thrived on the adoption of bioplastics for sustainable packaging, driven by consumer awareness and stringent regulations on single-use plastics. Expansion into diverse end-use industries, government initiatives, and investments in research and development contributed to the lactic acid and polylactic acid market growth. Continuous technological improvements and capacity expansions further supported the upward trajectory of lactic acid and polylactic acid market growth.

Lactic Acid and Polylactic Acid Market Trends
The lactic acid market growth trends are driven by its versatile applications in food, pharmaceuticals, and biodegradable polymers. The demand for lactic acid was particularly pronounced in the Asia-Pacific region. Simultaneously, the polylactic acid (PLA) market experienced dynamic trends, with a focus on biodegradable packaging solutions and compliance with stringent regulations on single-use plastics. Ongoing research aimed to enhance PLA properties, while market consolidation and strategic investments addressed the increasing demand for sustainable alternatives. lactic acid and polylactic acid market trends were influenced by consumer awareness and a broader industry shift towards environmentally friendly practices.
Key Questioned Addressed by the Lactic Acid and Polylactic Acid Market Report
How big is the Lactic Acid and Polylactic Acid Industry?What is the Lactic Acid and Polylactic Acid Market growth rate?What are the Lactic Acid and Polylactic Acid Market trends?What is Lactic Acid and Polylactic Acid Market forecast in the coming years?

The nutraceutical ingredients market is a dynamic and growing sector. Nutraceuticals refer to food or food products that provide health benefits beyond basic nutrition. The market for nutraceutical ingredients includes a wide range of products, such as vitamins, minerals, amino acids, antioxidants, probiotics, prebiotics, herbal extracts, and other bioactive compounds.

The global nutraceutical ingredients market size is estimated to grow from USD 185.2 billion in 2022 to USD 261.7 billion by 2027. The compound annual growth rate is 7.2%. The increasing awareness of health & wellness among the consumers and tailored products according to the needs of the targeted audience are driving factors for the growth of the nutraceutical ingredients market. The rising cost of pharmaceutical and hospital expenses are considered as luxury among majority of the population, increase the demand for nutraceutical products as they can prevent health problems.

Nutraceutical ingredients market trends:

1. Plant-Based and Natural Ingredients: Consumers were increasingly inclined towards plant-based and natural ingredients. Nutraceutical products derived from plants, herbs, and botanicals were gaining popularity due to their perceived health benefits and alignment with clean-label preferences.
2. Personalized Nutrition: The trend of personalized nutrition was gaining momentum. Companies were exploring ways to offer customized nutraceutical solutions based on individual health needs, genetic factors, and lifestyle choices.
3. Gut Health Focus: There was a growing emphasis on gut health, leading to increased demand for probiotics and prebiotics. Products promoting digestive health and supporting a healthy microbiome were gaining traction.
4. Functional Beverages: The incorporation of nutraceutical ingredients into functional beverages was on the rise. Consumers were looking for beverages that not only quench their thirst but also provide functional benefits, such as energy enhancement, immunity support, or relaxation.
5. CBD and Hemp-Derived Ingredients: The interest in cannabidiol (CBD) and hemp-derived ingredients was increasing. CBD was being explored for its potential therapeutic benefits, leading to the development of nutraceutical products containing these compounds.
6. Immune System Support: The COVID-19 pandemic heightened awareness about the importance of immune health. Nutraceuticals offering immune system support, including vitamins, minerals, and antioxidants, saw increased demand.

The Food segments by application is projected to have the highest nutraceutical ingredient market share.

Research & development on nutraceutical product have been improving innovative products and developing customized products according to the consumer requirements. Products with customized requirement and trending food products would attract more customers. Various companies have understated their customers’ needs and have developed nutraceutical products like gummies, lozenges, hard candies, malt powders, nutrient bars, and more. These products are customized according to the health benefit, according to their diet, and more. Hence, their market is estimated to gain more market share in the nutraceutical ingredient market.

The dry ingredient, by form is projected to attain the fastest market growth in the global nutraceutical ingredients market throughout the forecasted period.

New emerging technologies like encapsulation methods, have helped various companies in making a liquid format ingredient to dry format. These encapsulated ingredients can preserve its liquid ingredient without degrading with other compounds in the product formulation and can also release the compound in desired rate to the product. such technology improvements have helped various formulator, as liquid form of ingredients is mostly unstable and can degrade.

The key players in this market include such Associated British Foods Plc (UK), Arla Foods Ingredients Group P/S (Denmark), DSM (Netherland), Ingredion (US), Tate & Lyle (UK), Ajinomoto Co., Inc. (Japan), CHR Hansen Holdings A/S. (Denmark), Kyowa Hakko Bio Co., Ltd. (Japan), Glanbia Plc (Ireland), Fonterra Co. Operative Group Limited (New Zealand), Cargill Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), BASF SE (Germany) and Kerry Groups (Ireland). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.

The agricultural microbials market has been a rapidly growing sector within the agriculture industry. Agricultural microbials refer to microorganisms such as bacteria, fungi, and viruses that are used in agriculture to enhance plant growth, protect crops from pests and diseases, and improve soil health. These microorganisms act as biopesticides, biofertilizers, and biofungicides. The global agricultural microbials market is estimated to be valued at USD 6.4 billion in 2022. It is projected to reach USD 12.6 billion by 2027, recording a CAGR of 14.6% during the forecast period. The global agricultural microbials market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries.
This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. With the decrease in per capita arable land and rise in demand and preference for fruits and vegetables in developing countries, the trend of investing in R&D activities to improve farming techniques has significantly boosted the use of agriculture microbial products in the agriculture industry. The use of microbial biopesticides and biofertilizers in agriculture is gaining importance due to their potential to increase the resilience and yields in farming systems. They enhance nutrient uptake and pest resistance and are helpful in mitigating plant stress responses. The use of microbes is a key practice in sustainable agriculture, thus making them significant for achieving the "Sustainable Development Goals" that are put forth by the United Nations. The future growth in the markets is projected to show tremendous scope for agricultural microbials, and many key industry players have begun field trials, the results of which have determined 10-20% growth in the production of economically important crop plants.
Key trends and factors influencing the agricultural microbials market include:
Increasing Demand for Sustainable Agriculture:There has been a growing global emphasis on sustainable agricultural practices. Agricultural microbials are seen as an eco-friendly alternative to synthetic chemicals, promoting sustainable and environmentally responsible farming.
Rising Awareness of Soil Health:Farmers and agribusinesses are becoming more aware of the importance of soil health. Microbials play a crucial role in enhancing soil fertility, nutrient availability, and overall soil structure.
Government Initiatives and Regulations:Many governments are promoting the use of bio-based products in agriculture to reduce the environmental impact of chemical inputs. Supportive regulations and incentives are driving the adoption of agricultural microbials.
Advancements in Microbial Technology:Ongoing research and technological advancements in microbiology contribute to the development of more effective and targeted microbial products. This includes the identification of new strains with specific agricultural benefits.
Integrated Pest Management (IPM) Practices:Integrated Pest Management approaches, which combine biological, cultural, and chemical methods, are gaining popularity. Agricultural microbials play a crucial role in IPM by providing a natural and sustainable way to control pests and diseases.
Market Consolidation and Partnerships:The industry has witnessed mergers, acquisitions, and partnerships between major agricultural companies and microbial technology firms. This trend is expected to continue as companies aim to strengthen their microbial product portfolios.
The demand for organic food crops and the phase-out of key chemical active ingredients is driving the growth of the agricultural microbials market, owing to the health benefits associated with it.
Agricultural microbials are biocontrol tools used to kill target pests with applications on a wide range of crops. They can either function as parasites, predators, or natural insecticides/fungicides. Awareness of the harmful effects of chemical pesticides, which are responsible for extensive environmental pollution, serious health hazards, outbreaks of secondary pests, resistance developed by target pests, and loss of biodiversity, has been increasing. Therefore, biologicals have gained huge demand in the market.
Based on crop type, the agricultural microbials market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. In addition, various crops have been included under distinct categories to emphasize crop-specific pests.
North America is projected to reach USD 4.3 Billion during the forecast period.

North America is a key exporter of agricultural products. Factors such as growth in organic farming, availability of water and land and entrepreneurial farmers, and efficient infrastructure are the key competitive advantages for the North American market.
The Agricultural Improvement Act was established in the region in 2018, under which the government has established permanent funding for organic research and made efforts to enhance organic trade. The farm practices using biofertilizers and biopesticides are significantly rising in the Canadian region, despite the decrease in the total number of farmlands.The key players in this market include FMC Corporation (US), Corteva Agriscience (US), Marrone Bio innovations (US), Valent Biosciences (US)..
Seed treatment by biopesticides helps provide protection against soilborne pests such as white grub and weevils.
In seed treatment, the seed is directly treated/coated with biopesticide prior to planting. This method minimizes exposure of chemicals to workers and potential runoff to waterways, along with reducing the overall number of pesticides used in the environment. It effectively protects the seed and seedling from low-to-moderate pest attacks during emergence and establishment. The treatment creates a layer over the surface of the germinating seed to protect the crop from insects. Seed treatment targets a specific pest without harming the beneficial organisms and minimizes the need for foliar spray.Many countries are encouraging the use of biological seed treatment methods to promote sustainable methods of pest control. New Zealand started the Next-Generation Bioinsecticides Program in 2012 to find new, safe, and sustainable solutions for New Zealand’s key insect pest and disease problems. As a part of the same program, microbial treatments of wheat seeds were tested on commercial farms in Canterbury for their ability to protect seedlings from grass grub attacks. It was found that seeds treated with insecticidal bacteria resulted in higher yields than untreated seeds where grass grub was present. Such benefits of using seed treatment are expected to boost the growth of this segment.

Pea protein was gaining popularity in the food and beverage industry as a plant-based protein source. It's commonly used in various products, including plant-based meat alternatives, protein bars, snacks, and dietary supplements. The pea protein industry is driven by factors such as the increasing demand for plant-based protein, rising awareness about health and wellness, and the growing number of people adopting vegetarian and vegan diets. At a CAGR of 11.9% from 2022 to 2027, the global pea protein market size was estimated to be worth $1.7 billion in 2022 and $2.9 billion by the end of 2027.

Here are some key points related to the global pea protein market:

• Growing Demand for Plant-Based Proteins: The demand for plant-based proteins has been increasing globally, driven by factors such as health consciousness, ethical considerations, and environmental sustainability. Pea protein has been recognized as a sustainable and eco-friendly protein source.
• Nutritional Benefits: Pea protein is known for its nutritional profile, including being rich in essential amino acids and having a high digestibility rate. It is also allergen-free, gluten-free, and non-GMO, making it suitable for a wide range of consumers.
• Applications in the Food and Beverage Industry: Pea protein is used in various food and beverage applications, including meat substitutes, dairy alternatives, sports nutrition products, and baked goods. Its functional properties, such as emulsification and gelling, make it versatile in different formulations.
• Market Players: Several companies are involved in the production and distribution of pea protein. Some well-known players include Roquette Frères, Cosucra Groupe Warcoing, Ingredion, Axiom Foods, and Puris.
• Research and Development: Ongoing research and development activities in the field of plant-based proteins aim to improve the taste, texture, and overall quality of pea protein-based products. This includes efforts to address challenges such as off-flavors and gritty textures.

Global Pea Protein Market Driver: Growing consumer awareness about nutritional benefits offered by pea and pea-based products

Pea protein powder is being popularly used to manufacture protein shakes, smoothies, and energy drinks to increase the protein content and is an excellent fit for almost any diet since it is naturally vegan and hypoallergenic. It is a great source of iron and high-quality protein. It is also estimated to help muscle growth, weight loss, and heart health. The protein from peas, mainly yellow peas, has been shown to lower cholesterol and blood pressure while gentle on the kidneys. All these benefits of pea proteins are expected to drive the growth of the global pea protein market.

By mode of application, the food segment is projected to account for the largest pea protein market share.

The growing demand for meat substitutes has aided the growth of pea protein, which is now used in the production of plant-based burger patties and sausages. The use in performance nutrition has also grown significantly, as factors such as lactose intolerance have led to athletes substituting vegan protein alternatives such as pea proteins for whey protein. Meat substitutes, performance nutrition, functional foods, snacks, and bakery are all part of the food segment. The meat substitutes segment dominated the food application segment due to the rising application of pea proteins, making it healthier and more popular among customers.

The Yellow Split Pea in the segment by source is projected to account for the largest pea protein market share over the forecast period.

Yellow split peas are one of the most popular pea sources among product manufacturers. This is due to peas functionality and adaptability to different product types, which is driving demand for yellow split peas in a variety of products such as plant-based meat, beverages, functional foods, and performance nutrition. Yellow split peas high protein content makes them ideal for producing pea protein isolates. They are valued for their amino acid profile, which has led to their classification as "whole proteins" when compared to dairy and meat-based alternatives. 100g of yellow split pea contains 370 calories, 1 gramme of fat, 67 grammes of carbohydrates (27 grammes of fibre, 3 grammes of sugar), 27 grammes of protein, and 25% of the RDA of iron.

The key players global pea protein market include Rouquette Freres (France), DuPont (US), Glanbia PLC (Ireland), Kerry (Ireland), Ingredion (US), Puris (US), Emsland Group (Germany), Yantai Shuangta Foods Co., Ltd (China), The Scoular Company (US), Burcon (Canada), Shandong Jianyuan Group (China), ET-Chem (China), AGT Food and Ingredients (Canada), The Green Labs LLC. (US), and Axiom Foods, Inc. (US). These players in this 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. 

The global Lactic Acid and Polylactic Acid Market was valued at USD 1.6 billion and USD 1.3 billion in 2023 and are anticipated to grow at CAGRs of 12.4% and 17.7%, respectively, between 2023 and 2028, attributed to the growing revenue of $2.8 billion and $2.9 billion by 2028. The base year for estimation is 2022, and the historical data spans from 2023 to 2028.

The North America market is projected to contribute the largest lactic acid market share.

North America has a strong presence in industries that utilize lactic acid, such as food and beverages, personal care, pharmaceuticals, and bioplastics. The region's robust manufacturing and consumer markets provide a favorable environment for the growth of the lactic acid market.

Additionally, advancements in production technologies and the availability of raw materials, including corn-based feedstocks, contribute to the expansion of the lactic acid market in North America. The region's well-established infrastructure and supportive government policies further promote market growth and innovation.

Moreover, increasing investments in research and development activities, as well as collaborations between industry players and research institutions, drive advancements in lactic acid applications and production processes, fueling market growth in North America.

Key Players in Global Lactic Acid and Polylactic Acid Market

Corbion (Netherlands), Cargill, Incorporated (US), Galactic (Belgium), Unitika Ltd (Japan), Henan Jindan lactic acid Technology Co., Ltd. (China), TORAY INDUSTRIES, INC. (Japan), and Sulzer Ltd (China). are among the key players in the global food antioxidant market. To increase their company's revenues and market shares, companies are focusing on launching new products, developing partnerships, and expanding their production facilities. The key strategies used by companies in the global lactic acid market include geographical expansion to tap the potential of emerging economies, strategic acquisitions to gain a foothold over the extensive supply chain, and new product launches as a result of extensive research and development (R&D) initiatives.

Bio-degradable polymers in the lactic acid application segment accounted for the largest global lactic acid market share in 2023 in terms of value.

Growing global environmental concerns and the need for sustainable solutions have fueled increasing demand for bio-degradable polymers as an alternative to traditional plastics. Derived from renewable resources and capable of biodegradation, these polymers align with the rising preference for eco-friendly materials. The demand for bio-degradable polymers spans diverse industries, including packaging, textiles, consumer goods, and automotive, benefiting from the versatility and adaptability of polylactic acid (PLA) in various applications. With heightened consumer awareness and a growing preference for sustainable products, the market for biodegradable polymers is poised for significant growth. Furthermore, ongoing advancements in PLA production technologies, accompanied by economies of scale, are driving cost reductions and enhancing the competitiveness of bio-degradable polymers against conventional plastics, further stimulating market expansion.

Packaging in the polylactic acid application segment accounted for the largest lactic acid market share in 2023 in terms of value.

The market for polylactic acid (PLA) packaging is poised for rapid growth due to several pivotal factors. There is an escalating global emphasis on sustainable packaging solutions, prompted by mounting environmental concerns and stricter regulations. PLA packaging, derived from renewable sources is biodegradable, and presents a compelling substitute for conventional plastics, effectively meeting the demand for eco-friendly materials. The surging consumer demand for sustainable packaging options serves as a significant catalyst driving the swift expansion of the PLA packaging market. Moreover, PLA packaging offers versatility and functionality comparable to conventional plastics. It can be molded into various shapes, sizes, and forms, making it suitable for a wide range of packaging applications across industries such as food and beverages, personal care, and e-commerce. The adaptability of PLA packaging to meet diverse packaging needs further contributes to its market growth.