Research Reports And Consulting

According to the report "Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection and Seed Enhancement), Formulation, Crop Type (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2027", published by MarketsandMarkets™, the market is estimated at USD 6.1 billion in 2022; it is projected to grow at a CAGR of 8.3% to reach USD 9.2 billion by 2027. 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.

Non-chemical treatment by type is projected to have the highest growth rate in the seed treatment market.

Non-chemical seed treatment is achieved in two ways, namely, physical and biological seed treatment. Physical seed treatment includes activities, such as steam, heat, or irradiation for seed protection, which means they function by disinfecting the seeds through non-chemical methods. Since in physical seed treatment, there is no use of chemical methods; this type of seed treatment method is appropriate for organic farming to control bacteria that may harm seeds.Biological seed treatment methods include microorganisms that are used to protect seeds against seed-and soil-borne diseases. This treatment method is an effective alternative to chemical seed treatment.

The seed enhancement segment by function is projected to grow with the highest growth rate in the seed treatment market over the forecast period.

Seed enhancement includes practices and technologies that improve the seed germination and seedling growth, thereby improving the overall crop’s harvested yield and quality. The seed enhancement market is further segmented into products, which enhance the viability of the seed and functions that include processes used to enhance seeds. There has been an increase in research & development investments carried out to develop new and better products, such as biofertilizers and crop protection chemicals, biologicals.Treatments such as pelleting, film-coating, and encrusting are included, which improve seed sowing. Some treatments, such as nutrients, enhance nutrient availability or provide inoculates required for seedling establishment.

The liquid solution segment by formulation is projected to grow with the highest CAGR of the seed treatment market over the forecast period.

Formulations have a significant impact on the survival of microbial during the process of product elaboration, storage, and application. The growth of microrganisms depends in various physical and chemical properties of the seed treatment formulations used. The liquid solution, also known as ‘quick wet’ method, is used for mainly for seed protection. For instance, fungicides can be applied to the seed and mixed well ensures proper coating of the solution. The free-flowing liquid solution then penetrates the seed coat, instead of sitting on the surface. This method can be used for fertilizer and nutritents such as trace elements. As there is high absorption rate, less of the product is required to be applied on the seeds.

Asia Pacific is projected to be the fastest growing region in the seed treatment market during the forecast period

Asia Pacific seed treatment market is projected to grow with highest CAGR due to the growing agriculture industry in China and Japan. Demand for seed treatment has been growing in this region, due to global players increasing their investments of business lines in agricultural inputs to exclusively meet the demand of crop growers to attain export quality. Additionally, the regulations for seed treatment are favorable in this region. China is estimated to account for the largest share in the Asia Pacific seed treatment market.

The global perception toward daily food products is shifting from products providing basic nutrition to those offering several health benefits, such as functional foods. Today, a wide range of functional foods have been developed, including probiotics, prebiotics, and symbiotic foods. These products have changed the approach of various food processors from considering food only as a source of energy and nutrition to biologically active food components that confer benefits on human health. Functional foods are gaining popularity for their prevention and curing effects beyond their nutritional value. 

The global probiotics market is witnessing the development of a wide range of applications of probiotics, such as fortifying these ingredients in food & beverage products.

Probiotic functional foods have shown positive effects on overall human health. Probiotic foods & beverages can be broadly classified as probiotic dairy products (cheese, yogurts, and milk) and probiotic non-dairy products (juices, kombucha, bakery, meat, and baby food). The market for probiotic dairy products has been increasing gradually over the past decade, with the growing demand for yogurt across the globe. Various probiotic products are classified on the basis of bacterial strains used, such as Lactobacillus and Bifidobacterium. 

Probiotics are prominently present in the form of bacteria in most dairy products, such as ice creams and cheese, which help in improving gut health.
High consumer demand for scientifically proven health foods and dietary supplements, particularly in developed economies, poses opportunities for probiotic manufacturers. Companies such as ADM (US), DuPont (US), Nestle (Switzerland), Probi AB (Sweden), and Danone (France) are the major market players. The global probiotic market is projected to be valued at USD 85.4 billion by 2027. The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.

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Key Drivers Impact the Growth
Health Benefits associated with probiotic-fortified foods – Probiotics are found in supplement form or as components of foods & beverages. Its integration with inexpensive health foods, such as yogurt, fruit juices, and cultured dairy drinks, has contributed to significant market size. The most commonly used probiotic bacterial strains include Bifidobacteria and Lactobacilli, which are found in various dairy products, including yogurt. In the dairy category, yogurt is the most popular option for the consumption of probiotics.

Increasing popularity of probiotic dietary supplements –Dietary supplements include tablets, capsules, powders, liquids, and pills, which are convenient forms of consuming the daily nutritive requirements of the body. Probiotic dietary supplements are not as popular as probiotic foods, especially in the Asia Pacific, but have started gaining popularity over the past few years. North America is a huge market for probiotic dietary supplements due to the natural predisposition of consumers to take supplements. Compared to European countries, people in the US are more willing to consume oral supplements. In the US, the FDA does not require pre-market approval of the health claims made by the manufacturers of probiotic dietary supplements, which allows them to launch innovative products to cater to the increasing demand.

Probiotic Products Restraints and Challenges
High R&D cost for developing new probiotic strains – Substantial investments in R&D activities, as well as investments in laboratories, research equipment, and the high cost of hiring trained professionals, create barriers to the development of the probiotics market. The scientific validation related to the usage of probiotics in their applications has become a success in this market. Probiotics applications are linked with health benefits, which makes it challenging for manufacturers to get an adequate RoI on high initial investments.

Complexities in integrating probiotics in functional foods – The development and commercial aspects of functional food products are rather complex, expensive, and uncertain. The factors behind the success of functional food product development are consumer demand, technological conditions, as well as legislative and regulatory background. However, consumers’ knowledge of the health effects of specific ingredients can affect the acceptance of specific functional foods. Common functional ingredients, such as minerals, fiber, and vitamins, are preferred over new and improved products, such as foods enriched with probiotics, prebiotics, flavonoids, carotenoids, and conjugated linolenic acid.

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Key Segments of The Sector
o In the probiotic market, Bacteria is estimated to dominate over the forecasted period. The bacterial strains in probiotic foods impart health benefits, such as increased lactase production, the prevention of diarrhea, the prevention of irritable bowel syndrome (IBS), and an enhanced immunity of Lactobacilli.o Functional food & beverages product type continues to dominate the probiotics market, which is estimated to account for a share of ~80% in 2022. However, dietary supplements are expected to grow at a faster CAGR during the forecast period due to fast-paced lifestyle changes, which makes consumers demand high substitutes.o The Asia Pacific is estimated to account for the largest market share in the probiotics market in 2022 owing to high awareness, growing population, thriving economies in the region, and the post-COVID- 19 scenario. China, which is a major market in the Asia Pacific, is also a leading meat consumer, therefore having a significant demand for the feed probiotics market.

Personalized nutrition is an approach that leverages human individuality to develop proper nutrition strategies to advise, protect, manage, and treat diseases and help individuals to optimize their health. In simple language, personalized nutrition is a tailored nutritional recommendation that promotes and maintains an individual’s health and helps to fight against existing diseases. Technically, personalized nutrition associates with an individual’s genetic, medical, nutritional, phenotypic, metabolism, biochemistry, and other information to produce healthy eating options as per their needs. 

The global personalized nutrition market size is estimated to be valued at USD 11.3 Billion in 2022 and is projected to reach USD 23.3 Billion by 2027, recording a CAGR of 15.5%. The market is increasingly driven by shifting consumer preferences, rising health awareness, a growing geriatric population, and the adoption of a healthy diet. Customers are increasingly seeking personalization in their daily experiences, shifting away from the consumption of one-size-fits-all media and meals. The progress toward quantifying personal characteristics to track and improve one’s health drives the need for personalized products. Advancements in genomic science have enabled products to be tailored to an individual’s biomarker or genotype to increase efficacy.

Rising geriatric population to drive market growth
The rising aging population in some countries has increased the demand for developing age-friendly food alternatives with enhanced nutritional value to support their overall health, which has led to an increased demand for personalized nutrition that further supports market growth. With increasing bone health and mobility concerns, consumers have become more aware of healthy aging and disease prevention. Thus, there is an increased demand for personalized nutrition solutions that align with the nutritional needs of aging consumers.According to a study article titled Personalized nutrition and healthy aging published in Oxford Academic, the genetic influence on lifespan changes with age is thought to be between 20% and 25% before the age of 60, increasing gradually after the age of 60, and more pronouncedly after the age of 90. Therefore, external factors, such as healthy eating habits, are the main determinants of healthy aging and lifespan. This increases the importance of personalized nutrition in healthy aging. According to Ingredients Network, personalized nutrition could effectively tackle health problems associated with an aging population. Given that studies are starting to identify connections between nutrient status and chronic health issues, food firms may significantly focus on how products are tailored to the unique demands of the aged. Omega-3 fatty acids, according to a study by DSM Nutritional Products, may lower the risk of having a heart attack, whereas antioxidants may help prevent age-related macular degeneration.

Future growth lies in increasing innovations and technological advancements
The personalized nutrition business is projected to witness growth in the coming years, and technology will remain one key factor supporting this growth. Various new players in the personalized nutrition market are developing new and innovative solutions, such as genetic tests designed specifically for vegetarians and vegans who prefer plant-based personalized nutrition. These tests are specifically for consumers that follow a plant-based lifestyle.
Technologies like wellness-focused wearables offered by brands such as Fitbit and Apple are helping consumers track their activity levels and nutrient intake, which further enables them to personalize their meal plans. Some technologies help patients to detect their blood pressure levels, which helps them to provide accurate nutritional data to medical practitioners. The Georgia Institute of Technology designed a wearable to monitor salt consumption that helps consumers monitor salt intake in their diets.Major market players are developing genomic testing and gut health testing kits to provide individualized diets and pills to consumers based on their genomic and metabolic profiles. Increasing advancements in genomic testing technologies have encouraged the analysis of consumers’ nutrition requirements, leading to the growth and development of personalized nutrition programs. Startups, such as Nourished (UK), are developing innovative products, which include 3D-printed edibles like gummies as daily nutrition snacks. These gummy snacks are provided as recommendations for nourishment by studying the response of their proprietary algorithm. 3D-printed personalized supplements are aimed at improving consumer-specific lifestyles and dietary habits. A range of technologies, from DNA-driven dietary recommendations to 3D-printed pills, are projected to offer numerous opportunities for the growth and expansion of the personalized nutrition market.

VALUE CHAIN ANALYSIS
The value chain connects manufacturers of test kits, testing and nutritional plan service providers, suppliers and distributors of personalized supplements, intermediaries, and customers. In the personalized nutrition industry, the value chain commences with the R&D around the tests being conducted to increase efficiency and accuracy and competes with its end-use industries, such as hospitals, clinics, and institutions.
Sampling: Different tests require collecting samples, such as blood, body tissues, stool, and urine. The collection of these samples can be either done at the consumer’s home or in labs and varies according to the services offered by players in the market. Innovative devices are deployed by players, which reduce the painful procedure during sample collection, such as blood. This can help players to attract consumers and provide hassle-free services.

Testing and assessment: There are two product types in personalized nutrition: active and standard measurements. Various gene-based tests are conducted, and genomics is carefully studied. The vulnerability of any individual to any disease or disorder is identified using these tests. Various other tests, such as body mass index, blood tests, and body tissue, are also conducted to identify the personalized nutrition requirements of individuals.

Interpretation & Recommendation: Once done with tests and assessments, nutritional plans are recommended to clients. The recommendation is based on the interpretation of tests and assessment results done by doctors, nutritionists, and registered dieticians. This may be done using digital platforms such as apps, websites, and SMSs, increasing overall convenience. Nutritional recommendations may include diet plans or recommendations for targeted supplements.
Supplementation: Personalized supplements containing targeted dietary supplements or a mix of various ingredients for targeted purposes are supplied to clients. Types of supplementations may include dietary supplements, nutraceuticals, functional & fortified products, herbal supplements, etc. Supplements, such as tablets, capsules, and powders, maybe in various forms. However, packaging these supplements for individuals in different packages may increase the total cost.

End users: The key end users in the personalized nutrition value chain are direct-to-consumer, wellness & fitness centers, hospitals & clinics, and institutions. With increasing stress and hectic lifestyles, various corporate employers are hiring services from players to take care of their employees by means of personalized nutrition.

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THE MARKET ECOSYSTEM EXHIBITS SUPPLY AND DEMAND-SIDE COMPANIES FOR PERSONALIZED NUTRITION
Personalized nutrition falls majorly under the technology and service provider category and targets various end-user industries, such as hospitals & clinics, wellness & fitness centers, hospitals & clinics, institutions, and direct-to-consumer.The personalized nutrition market ecosystem includes supplement manufacturers, nutrition service providers, regulatory bodies, certification providers, technology providers, and end consumers. Amway and Herbalife Nutrition are some of the major supplement manufacturers, while DNAfit, Wellness Coaches, Atlas Biomed, Viome Life Sciences, and Persona Nutrition are some of the renowned service providers. Silverson Machines, Amixon, and ABB are some of the industry’s identified technology providers for supplement manufacturing.
Testing and assessment: There are two product types in personalized nutrition: active and standard measurements. Various gene-based tests are conducted, and genomics is carefully studied. The vulnerability of any individual to any disease or disorder is identified using these tests. Various other tests, such as body mass index, blood tests, and body tissue, are also conducted to identify the personalized nutrition requirements of individuals.
Interpretation & Recommendation: Once done with tests and assessments, nutritional plans are recommended to clients. The recommendation is based on the interpretation of tests and assessment results done by doctors, nutritionists, and registered dieticians. This may be done using digital platforms such as apps, websites, and SMSs, increasing overall convenience. Nutritional recommendations may include diet plans or recommendations for targeted supplements.

According to a research report "Environmental Testing Market by Sample (Wastewater/Effluent, Soil, Water, Air), Technology (Rapid, conventional), Target Tested (Microbial Contamination, Organic Compounds, Heavy Metals, Residues, Solids), End Users and Region - Global Forecast to 2027" published by MarketsandMarkets, the market for Environmental testing is estimated at USD 9.4 billion in 2022; it is projected to grow at a CAGR of 8.1% to reach USD 13.9 billion by 2027.

The US was the dominating market in the North American region, with the highest CAGR growth in the environmental testing market.The US economy has experienced rapid growth during the past decade. Population increase and energy consumption can lead to environmental contamination. As a result, the US government has implemented strict environmental standards and policies. These factors are driving as the growth of the market for environmental testing in US.

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The organic compounds segment dominated the market by targets tested, with the largest market share in the Environmental testing market 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 share in the Environmental testing market 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.

Key Market PlayersThe Environmental testing market consists of a few globally established players such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS (Australia), TÜV SÜD (Germany), TÜV Nord Group (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. These companies have a strong presence in North America, Asia Pacific and Europe. They also have strong laboratory networks across these regions.

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The global nutraceutical ingredients market was expected to grow from USD 185.2 billion in 2022 to USD 261.7 billion by 2027, at a compound annual growth rate of 7.2% during the forecast period. Nutraceutical businesses can use AI to select ingredients quickly by comparing millions of data points from nutritional studies. The nutraceutical industry is an innovative, dynamic sector that gives new chances to combine scientific advancement with rising consumer interest in foods that promote good health. In order to lower the expensive treatment, nutraceutical products are gaining popularity as nutraceuticals are more of preventive method than cure. 

Consumer demand is a major driver of the nutraceutical industry's explosive expansion. In order to prevent diseases like diabetes, high blood pressure, and obesity, consumers are striving to lead healthy lifestyles and eat optimally. Since, healthcare is luxurious for most of the population, they are opting for alternative cure or taking preventive methods to avoid health problems. 

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

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 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. APAC is projected to account for the highest market share in the nutraceutical ingredients market during the forecast period. The increased economic growth of the countries in the region and the rise in convenience food consumption due to busy lifestyles have fueled the demand for enriched nutritional food and beverage products in this region. Additionally, rising consumer expenditure on health and wellness products as a result of changing lifestyles and rising disposable income is likely to be major factor contributing to market growth in the Middle East & Africa and the Asia Pacific. 

Key Market Players 

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.

Insect Protein Market was expected to generate a revenue of US$ 0.8 billion in 2022 and is projected to reach US$ 3.3 billion by 2027 at a CAGR of 33.4% from 2022 to 2027. North America is expected to dominate the market by 2027. The growing population and the pressure caused by it on food and feed demand has been a global concern since a decade. As the world population proliferates, the demand for food as well as feed will increase, thereby necessitating an increase in food production by 70%. 

North America dominated the insect protein market and is projected to grow with a CAGR of 33.45% during the forecast period (2022 - 2027) 

North America is anticipated to hold the largest market share in the insect protein market in 2022, followed by Europe, Asia Pacific, and RoW. The presence of key insect protein manufacturing companies in developed regions such as North America and Europe contributes to these regions' high market share. Many start-ups have been established in the region that provide both edible insects and insect protein-based products for food and feed applications. Enterra Feed Corporation (Canada), Entomo Farms (Canada), EnviroFlight LLC (US), and Aspire Food Group (US) are some of the leading companies providing insect protein-based products. The market for insect protein-based food products is projected to record the fastest growth during the forecast period due to the increasing awareness among people. 

The food & beverage segment is the fastest growing among the various application of insect protein during the forecast period 

The major buyers in this market are food and beverage companies, dairy-alternative manufacturers, and feed industrials among others. The supply of insect protein affects the production of insect-based food and beverages production. Insect-based protein is considered a viable alternative source for protein, majorly in food and feed applications. Though whole insects are also available in the market as a rich source of protein, the scope of this report has been limited to only the processed products available as insect protein. 

The offline distribution channel is most widely used and held the largest market share in 2021, primarily owing to its of ease of accessibility and convenience.

Offline distribution includes supermarkets, hypermarkets, convenience stores, and specialist retailers. Few consumers prefer online platform because of ease of accessibility and convenience. The dominance of offline distribution channel is primarily driven by the demand from developing countries. These countries are the large consumers of insect protein and do not have well established online distribution channel.

Fruit and vegetable seeds market size is expected to generate a revenue of USD 14.4 billion by 2025, at a CAGR of 8.2%. The global industry was estimated to be valued at USD 9.8 billion in 2020. The growing demand for high value crops such as tropical fruits and leafy vegetables coupled with the increased demand for organic food products is expected to drive the growth of the market during the forecast period. With the changes in the consumption patterns of consumers towards a healthy and nutritious diet, the demand for fresh fruits and vegetables has been growing.

 This has led to an increase in the land area being brought under cultivation of fruits and vegetables. The growing adoption of organic food & beverages is also pushing a large number of farmers to adopt organic farming techniques, due to which the market for organic seeds has been growing. The high demand for large quantities of fresh fruits and vegetables from across the globe has led to the increased need for higher yield, as a consequence of which, there has been an increase in R&D investment toward the development of genetically-modified seeds. 

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The market for Solanaceae segment is projected to account for the largest share during the forecast period The Solanaceae family includes potatoes, eggplant, tomato, capsicum, and chili. According to the FAO, tomatoes and potatoes account for the largest produced vegetables across the globe. Countries such as China, India, and South Korea are among the major producers of potatoes The family of Solanaceae has an approximate of 75 genera and 2,000 species of herbs, shrubs, and small trees. Solanaceae can be produced by both seed and stem cutting. The cutting method is used to produce shrub-like plants. Tomato, botanically a fruit, is a perennial plant grown in the tropical climatic conditions. Tomatoes are prone to developing fungi, which could hamper the growth of the plant.

 The application of fungicide seed protectant and rotation of crops could help reduce the impact of these diseases on tomatoes. New species of pests and diseases are now impacting the production of these products, which are staple crops across the globe. For instance, the Colorado potato beetle threatened the production of tomatoes and eggplants. The adoption of integrated pest management such as farm hygiene practices, biological controls, and selection of appropriate quantities of chemicals could help in coping with pest infestation. Asia Pacific  is the fastest-growing market during the forecast period in the global fruit & vegetable seeds market Asia Pacific is projected to account for the largest market size during the forecast period, owing to large-scale production of major vegetables such as tomatoes, potatoes, eggplants, and melons in countries such as China, India, South Korea, and Japan, among others. These countries serve as major exporters of fruits & vegetables to North America and the European Union. The region is also a host to some of the major seed producing companies such as UPL Corporation (Advanta Seeds) (India), Takii Seeds (Japan), and Sakata Seeds (Japan). These factors aid in driving the growth of the market during the forecast period. 

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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 fruit & vegetable seeds market. It consists of the profiles of leading companies such BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Corteva Agriscience (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Takii & Co Ltd (Japan), UPL (Advanta Seeds) (India), DLF (Denmark), Mahyo (India), Longping Hitech (China), Enza Zaden (Netherlands), FMC Corporation (US), Vikima Seeds (Denmark), East-West Seeds (Thailand), RIJK ZWAAN ZAADTEELT EN ZAADHANDELBY (Netherlands), Stark Ayres (South Africa), Bejo Zaden BV (Netherlands), Tokita Sementi (Japan), Vina Seeds (Vietnam), Bioseed (India), Technisem (France), Simlaw Seeds (Kenya), and Mahindra Agri Business ( India)

According to the research report published by MarketsandMarkets, the Refrigerated Transport Market size is estimated to be valued at USD 113.4 billion in 2022 and is projected to reach USD 160.7 billion by 2027, recording a CAGR of 7.2% during the forecast period in terms of value. The refrigerated transport market is primarily driven by the growing demand for perishable products such as fresh fruits & vegetables across the globe. 

Moreover, the sudden outbreak of pandemic has significantly changed the retail supply chain of these perishable products. Most of the retail players has shifted to home delivery service which in turn promote the demand for refrigerated vehicles across the globe. In addition, the growth of refrigerated transport is supported by the substantial growth of supermarket and hypermarket across emerging economies including China and India. Among various technologies, fully electrified refrigerated transport is anticipated to witness the highest growth rate over the forecast period. With the introduction of stringent policies for reducing the carbon footprint by various governments is promoting the electric refrigerated transport across the globe. 

What is the market size of refrigerated transport market? 

Chilled food was the largest application segment in the global refrigerated transport market and is expected to maintain the dominance over the forecast period. The refrigerated vehicle moves wide range of food products including chilled and frozen food products. Frozen food products including ice-cream, frozen dairy products, processed meat, fish & sea food, and bakery products. Europe was the largest region for the refrigerated transport market in 2022. 

Europe has a large and mature market with stable demand for most fresh fruit and vegetables. Germany is one of the largest markets for refrigerated vehicles in Europe. The country is a major importer & exporter of agricultural commodities and processed food & beverage products. The major export destinations from Germany are the US, France, the UK, and the Netherlands. The top import origins are, the Netherlands, France, the US, and Italy. Germany primarily imports fruits & vegetables and dairy products. These market trends are anticipated to boost the sales of refrigerated transport over the forecast period. 

Key Players: This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as United Technologies Corporation (Carrier Corporation) (US), DAIKIN INDUSTRIES Ltd.(Japan), Ingersoll Rand (Ireland), China International Shipping Containers (Group) Co., Ltd (China), Utility Trailer Manufacturing Company (US), Singamas Container Holdings Limited (China), Hyundai (Korea), Schmitz Cargobull (Germany), KRONE (Germany), LAMBERET SAS (France), Tata Motors (India), VE Commercial Vehicles Limited (India), Shaanxi Tianhui Inlong Trading Co. Ltd (China), Wabash National Corporation (US) and Great Dane LLC (US).

Fruit & vegetable seeds market size is expected to generate a revenue of USD 14.4 billion by 2025, at a CAGR of 8.2%. The global industry was estimated to be valued at USD 9.8 billion in 2020. The growing demand for high value crops such as tropical fruits and leafy vegetables coupled with the increased demand for organic food products is expected to drive the growth of the market during the forecast period. With the changes in the consumption patterns of consumers towards a healthy and nutritious diet, the demand for fresh fruits and vegetables has been growing. This has led to an increase in the land area being brought under cultivation of fruits and vegetables. The growing adoption of organic food & beverages is also pushing a large number of farmers to adopt organic farming techniques, due to which the market for organic seeds has been growing. The high demand for large quantities of fresh fruits and vegetables from across the globe has led to the increased need for higher yield, as a consequence of which, there has been an increase in R&D investment toward the development of genetically-modified seeds. 

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The market for Solanaceae segment is projected to account for the largest share during the forecast period The Solanaceae family includes potatoes, eggplant, tomato, capsicum, and chili. According to the FAO, tomatoes and potatoes account for the largest produced vegetables across the globe. Countries such as China, India, and South Korea are among the major producers of potatoes The family of Solanaceae has an approximate of 75 genera and 2,000 species of herbs, shrubs, and small trees. Solanaceae can be produced by both seed and stem cutting. The cutting method is used to produce shrub-like plants. 

Tomato, botanically a fruit, is a perennial plant grown in the tropical climatic conditions. Tomatoes are prone to developing fungi, which could hamper the growth of the plant. The application of fungicide seed protectant and rotation of crops could help reduce the impact of these diseases on tomatoes. New species of pests and diseases are now impacting the production of these products, which are staple crops across the globe. For instance, the Colorado potato beetle threatened the production of tomatoes and eggplants. The adoption of integrated pest management such as farm hygiene practices, biological controls, and selection of appropriate quantities of chemicals could help in coping with pest infestation. Asia Pacific  is the fastest-growing market during the forecast period in the global fruit & vegetable seeds market Asia Pacific is projected to account for the largest market size during the forecast period, owing to large-scale production of major vegetables such as tomatoes, potatoes, eggplants, and melons in countries such as China, India, South Korea, and Japan, among others. These countries serve as major exporters of fruits & vegetables to North America and the European Union. 

The region is also a host to some of the major seed producing companies such as UPL Corporation (Advanta Seeds) (India), Takii Seeds (Japan), and Sakata Seeds (Japan). These factors aid in driving the growth of the market during the forecast period. 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 fruit & vegetable seeds market. It consists of the profiles of leading companies such BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Corteva Agriscience (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Takii & Co Ltd (Japan), UPL (Advanta Seeds) (India), DLF (Denmark), Mahyo (India), Longping Hitech (China), Enza Zaden (Netherlands), FMC Corporation (US), Vikima Seeds (Denmark), East-West Seeds (Thailand), RIJK ZWAAN ZAADTEELT EN ZAADHANDELBY (Netherlands), Stark Ayres (South Africa), Bejo Zaden BV (Netherlands), Tokita Sementi (Japan), Vina Seeds (Vietnam), Bioseed (India), Technisem (France), Simlaw Seeds (Kenya), and Mahindra Agri Business ( India)

Dairy Alternatives Market registered the revenue of USD $44.8 billion towards the end of 2027, at a CAGR of 10.4%. The global market was valued USD $27.3 billion in 2022. Dairy alternatives are used in food & beverages that are dairy-free or do not contain lactose. These food products are especially suitable for lactose-intolerant consumers. Globally, the health benefits of dairy alternatives have led to their large-scale adoption in numerous applications. Changing lifestyles, growing health awareness, increasing instances of lactose allergies, and growing application sectors are some factors driving the growth of the market. 

The Europe region is the second-largest region in the dairy alternatives market in the forecast period. The consumers in the European market are health-conscious and aware of animal welfare and environmental sustainability; they often check the ingredients on the products before purchasing. Thus, the demand for lactose-free and low-fat food has increased. Therefore, major players in the industry are focusing on acquisitions and diversifying their product portfolios to include plant-based dairy alternatives. 

Key Players: The dairy alternatives market report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Danone North America Public Benefit Corporation (US), The Hain Celestial Group, Inc. (US), Freedom Foods Group Limited (Australia), Sanitarium (New Zealand), Blue Diamond Growers (US), and SunOpta (Canada). Growth in lactose intolerance among people, a rise in health consciousness, and an increase in demand for convenient, healthy, low-calorie products from consumers are the main factors driving the demand for dairy-free desserts. 

Manufacturers have recognized this opportunity and invested in developing new products to tap the market. Various flavors of dairy-free ice creams are available in the market, such as Neapolitan, cookies and cream, mint choco chip, vanilla, chocolate, butter pecan, strawberry, caramel, and various others. By source, the coconut segment is projected to grow at second highest CAGR in the dairy alternatives market during the forecast period Based on source, the coconut segment is projected to account the largest market share in the dairy alternatives market. The grated white flesh of a ripe coconut is used to make coconut milk. To extract the high-fat coconut cream, the grated meat is first pressed, then soaked in hot water and filtered through cheesecloth in order to strain out the ‘milk”. This milk offers a creamy texture and a rich taste. Coconut milk is highly popular in Asian, South American, and Caribbean countries as an alternative to dairy.

The global Probiotics market size was valued at US$ 57.8 billion in 2022 and is projected to reach US$ 85.4 billion by 2027 at a CAGR of 8.1% from 2022 to 2027. Asia Pacific dominated the market in 2022. Probiotics are living microorganisms that have been shown to provide specific health benefits to consumers. The global feed market is relatively untapped and small in comparison to the functional food & beverages segment Probiotics-based feed is relatively less commercialized than functional food & beverages in the market. This is because the human end-user market is much bigger than the animal end-user market. 

The animal end-user market is at a very nascent stage, and the importance of probiotics-fortified feed has just started gaining momentum in the probiotics market, which already has a big dominant presence of functional food & beverages probiotics products. However, as the awareness in the animal feed segment is on the rise, the demand for the segment is gradually rising, further pushing the players to manufacture products to cater to the interests of the gradually rising market. 

How much is the probiotic industry worth? 

By ingredient, yeast is the fastest-growing segment in the probiotics market during the forecast period As a probiotic, yeast has been actively used in applications such as food, beverages, pharmaceuticals, and industrial enzymes. According to a fermented food market analysis published by Spoonshot in July 2022, there has been a growing interest in fermented food and drinks with potential health benefits over the last few years. Yeast probiotics can reduce or replace the use of antibiotics as growth promoters, thereby reducing the incidence of Salmonella and antibiotic resistance in animals. 

Therefore, due to the multiple benefits offered by probiotic yeast, their demand is on a rise. The preference for fermented food is also in demand. All these factors together are estimated to have made yeast the fastest-growing segment in the probiotics market during the forecast period. By end user, human segment dominates the probiotics market during the forecast period The developing economies in the Asia Pacific, such as China, India, and South Korea, are largely shifting toward urbanization, and in the coming years, the demand for convenience food products is witnessed to grow explicitly. These factors have boosted the growth of probiotic products such as yogurt. Therefore, the rising trend of consuming functional food & beverages due to health consciousness makes the human segment dominate the probiotics market during the forecast period. Europe is projected to reach USD 16.4 billion during the forecast period. 

According to estimates, Europe is expected to hold a market share of 22% of the worldwide probiotics industry 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. Most European countries, such as the Netherlands and Spain, have got approval from AESAN for the term probiotics on food and food supplement labels sold in the country. This has resulted in a high level of awareness, paving the way for increased demand for the consumption of probiotic products in the European region. These factors are thus expected to push the probiotics market in the region to a value of USD 16.4 billion by 2027. The key players in this market include Danone(France), ADM (US), Probi (Sweden), and Nestle (Switzerland).

The report "Agrochemicals Market by Pesticide Type (Herbicides, Insecticides, Fungicides), Fertilizer Type (Nitrogenous, Phosphatic, and Potassic), Crop Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2025", is estimated to grow from USD 208.6 billion in 2020 and is projected to reach USD 246.1 billion by 2025, at a CAGR of 3.4% during the forecast period. Increasing demand for food supply due to the rapid growth in the human population has triggered agricultural intensification during the last few decades. For addressing the growing food demands, agrochemicals (fertilizers and diverse pesticides) are rigorously used in agriculture, which accomplishes the gap between food production and consumption. 

Nitrogen fertilizer, by fertilizer type, is estimated to account for the largest market share during the forecast period

 Nitrogen fertilizers are the most widely used fertilizers in agricultural field. Amongst all nitrogen fertilizer, urea is the most used nitrogenous fertilizer in countries across the globe because of its high N content (46%N). Hence, it is one of the most widely used dry granular sources of nitrogen. It is preferred by the fertilizer manufacturing industry since it is relatively easy to manufacture. On a ton-for-ton basis, urea contains 35% more nitrogen than ammonium nitrate. This has implications on the storage and transport of nitrogen fertilizer products. Urea is considered a relatively stable product to store and transport, and it is for this reason that the transportation of urea is considered very cost-effective in comparison to its most common alternative, ammonium nitrate. Although urea often offers farmers the most nitrogen for the lowest price on the market, special steps must be taken when applying urea to the soil to prevent the loss of nitrogen through a chemical reaction. 

How much is the agrochemical industry worth?

Demand for agrochemicals market will generate a revenue of USD 246.1 billion by 2025.

 Asia Pacific is estimated to hold the largest market share during the forecast period 

The Asia Pacific agrochemicals market is fragmented among multinational companies and numerous small-scale manufacturers who produce fertilizers and pesticides depending on the crops cultivated. There are more global players in the market that are trying to enter the Asia Pacific region by undertaking mergers & acquisitions or partnerships. The demand for fertilizers and pesticides has been growing in this region due to the increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers for attaining export quality. 

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 agrochemicals market. It consists of the profiles of leading companies such as Bayer (Germany), BASF (Germany), Yara International (Norway), Compass Minerals (US), and Syngenta (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), and Israel Chemical Company (Israel). Bayer (Germany) operates through four business segments, namely pharmaceuticals, consumer health, animal health, and crop science. 

The crop science division of the company has been working on introducing crop protection agrochemical products and digital solutions. The crop protection business offers a broad portfolio of highly effective herbicides, fungicides, insecticides, plant growth regulators, and seed treatment products with chemical or biological modes of action. The company provides extensive customer service to support sustainable agriculture. 

Bayer has a vast geographic reach and has marked its presence in more than 87 countries. It has a significant market share in Asia Pacific countries, which account for approximately 20% of the total annual revenue share. BASF SE (Germany) is a Germany-based chemical company. It operates through six segments, which include chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It provides many agrochemical products such as herbicides, fungicides, insecticides, and seed treatment products that provide crops with higher resistance to diseases and pests to increase the potential yield. It has a strong focus on innovation and development. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries.