Research Reports And Consulting

The refrigerated transport market is driven by increasing demand to prevent the spoilage of perishable food products and agricultural commodities across the globe. These refrigerated vehicle helps to restrict the temperature fluctuation during the transit and maintain the temperature as set by the operator. These market trends are anticipated to boost the sales of refrigerated transport over the foreseeable future. 

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 chilled food products segment covers a wide variety of products such as milk, dairy products such as butter, yogurt, and cheese, bakery & confectionery products, beverages, and fruits & vegetables. Chilled food product manufacturers are expected to experience high prospects in the emerging countries since developed countries have entered the maturity stage in this segment. 

What is the demand for refrigerated transport market?

According to MarketsandMarkets, the global refrigerated transport market is projected to be valued at USD 160.7 billion by 2027. 

LCV is anticipated to be the fastest-growing mode of transport segment in the refrigerated transport over the forecast period 

Refrigerated LCV are best suitable for the secondary transportation and with the increasing home or door-steo delivery services by all the ecommerce and retail sector players, the demand for LCV is anticipated to get fueled over the forecast period. 

Multi-temperature was the largest temperature segment for the refrigerated transport market and anticipated to maintain the dominance over the forecast period. 

The introduction of multi-temperature refrigeration has enabled energy savings for operators as they can deliver freight at different temperatures to a specific location. In multi-temperature refrigerated vehicles, the container maintains two or more different temperatures in various parts of the vehicle for the operators to load assorted products within the same vehicle. 

Hybrid vehicles is anticipated to be the second fastest growing technology segment in the refrigerated transport market. 

A hybrid refrigeration system can primarily have any combination of components in both series and parallel circuits for increasing COP. This system have comparatively less power and energy input desired for industrial usage in places with fewer resources and aim to have better economical solutions for the standard cycles. 

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. The need for year-round availability and the interest in new exotic produce maintain Europe’s dependence on external suppliers. Moreover, Europe has a population of more than 500 million consumers and is responsible for over €60 billion or 44% of the global trade value of fresh fruit and vegetables. Europe includes five of the ten largest importing countries globally. These market scenarios makes the region largest market for refrigerated market across the globe. 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).

The Probiotics Market is estimated to be valued at USD 57.8 billion in 2022. It is projected to reach USD 85.4 billion by 2027, recording a CAGR of 8.1% from 2022 to 2027 according to a new report by MarketsandMarkets™. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global probiotics market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumer awareness, health consciousness, demand for meat, changing lifestyles, and consumption patterns drive the demand in the probiotics market. 

A wide variety of probiotics-based functional beverage products are available in the Asia Pacific market offered by Yakult Honsha. 

Asia Pacific has a huge market share in the probiotics market 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. 

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. 

During the forecast period, the online distribution channel segment is expected to increase at the highest CAGR of 9.2%. 

Online shopping has been a very popular marketing and distribution channel in recent years. Although this trend is still at a nascent stage when compared to online clothes shopping, it is expected to gain consumer interest in the coming years owing to its value for the price, consumer comfort, and the Covid-19 pandemic. In developing countries, especially China, India, and Indonesia, online shopping is expected to gain popularity amid the hectic lifestyle, as online shopping saves time. Online grocery is further strengthened by investments from internet giants Alibaba Group Holding Limited (China) and Amazon.com, Inc. (US). Probiotic products such as yogurt, juices, dietary supplements, and bars are expected to be delivered through online channels. While purchasing probiotic products online, consumers also get detailed product information, which gives them first-hand details on strains if they are looking for probiotics with specific health benefits. Online buying is projected to be the future with the increase in urbanization and lifestyle change, thus, making it the fastest-growing distribution channel in the probiotics market during the forecast period. 

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). 

According to MarketsandMarkets, the "Refrigerated Transport Market by Application (Chilled food & Frozen food), Mode of Transport (Road, Sea, Rail & Air), Vehicle Type (LCV, MHCV & HCV), Temperature (Single & Multi-temperature), Technology and Region - Global Forecast to 2027", published by MarketsandMarkets, 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 market is driven by increasing demand to prevent the spoilage of perishable food products and agricultural commodities across the globe. These refrigerated vehicles help to restrict the temperature fluctuation during the transit and maintain the temperature as set by the operator. These market trends are anticipated to boost the sales of refrigerated transport over the foreseeable future.

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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 chilled food products segment covers a wide variety of products such as milk, dairy products such as butter, yogurt, and cheese, bakery & confectionery products, beverages, and fruits & vegetables. Chilled food product manufacturers are expected to experience high prospects in the emerging countries since developed countries have entered the maturity stage in this segment.

LCV is anticipated to be the fastest-growing mode of transport segment in the refrigerated transport over the forecast period

Refrigerated LCV are best suitable for the secondary transportation and with the increasing home or door-steo delivery services by all the ecommerce and retail sector players, the demand for LCV is anticipated to get fueled over the forecast period.

Multi-temperature was the largest temperature segment for the refrigerated transport market and anticipated to maintain the dominance over the forecast period.

The introduction of multi-temperature refrigeration has enabled energy savings for operators as they can deliver freight at different temperatures to a specific location. In multi-temperature refrigerated vehicles, the container maintains two or more different temperatures in various parts of the vehicle for the operators to load assorted products within the same vehicle.

Hybrid vehicles are anticipated to be the second fastest growing technology segment in the refrigerated transport market.

A hybrid refrigeration system can primarily have any combination of components in both series and parallel circuits for increasing COP. This system has comparatively less power and energy input desired for industrial usage in places with fewer resources and aims to have better economical solutions for the standard cycles.

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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. The need for year-round availability and the interest in new exotic produce maintain Europe’s dependence on external suppliers. Moreover, Europe has a population of more than 500 million consumers and is responsible for over €60 billion or 44% of the global trade value of fresh fruit and vegetables. Europe includes five of the ten largest importing countries globally. These market scenarios makes the region the largest market for refrigerated market across the globe.

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).

The report "Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides), Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation (Dry, Liquid), Crop Type and Region - Global Forecast to 2027", The global biopesticides market is estimated to be valued at USD 5.5 billion in 2022. It is projected to reach USD 11.3 billion by 2027, recording a CAGR of 15.6% during the forecast period. The global biopesticides market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries.

What is biopesticides industry?

Biopesticides are a type of pesticides derived from natural sources such as microbial (microbial pesticides), biochemicals (biochemical pesticides), and beneficial insects. Conventional chemical pesticides are harmful to environment and human health. Thus, policymakers across the globe, especially in the North American and European regions are regulating them to ensure food safety, security and environmental sustainability. The demand for organic food and consumer awareness is on rise. All these factors are mutually driving the market.

With the rise in demand and preference for organic food items, pest resistance management, residue management, and environmental regulations have significantly boosted the demand for biopesticides in the agriculture industry. Biopesticides are safer alternatives to chemical-based pesticides.

Key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), UPL Limited (India), and FMC Corporation (US)FMC Corporation is one of the leading agrochemical companies, which provides innovative solutions to growers around the world. Its plant health business segment represents a diverse group of plant protection products derived from microorganisms and other naturally occurring materials, which have grown significantly over the years. The company’s European Innovation Centre has been working on R&D activities focused on producing new bioinsecticides, bionematicides, biofungicides, and biostimulants. The company has several commercial launches to be introduced to the market. In 2021, FMC Corporation entered a strategic collaboration with Novozymes to co-develop and commercialize biological enzyme-based crop protection solutions targeting fungal and insect pests. The companies would combine their respective R&D facilities with FMC and Novozymes serving as commercial and manufacturing partners.

What are three types of biopesticides?

• Bioinsecticides,
• Biofungicides,
• Bionematicides

BASF SE is a key chemical manufacturer and marketer in the world. Its agricultural solutions business segment delivers biological solutions. This biological solutions segment includes biopesticides (biofungicides and bioinsecticides), inoculants, biostimulants, and pheromones, designed to be a part of IPM programs for both greenhouse and open field growers. BASF SE has been aggressive in its research on biologicals to embrace new techniques and tools to add more innovative products to its pipeline. This is also evident in its recent development. In March 2021, BASF and AgBiome signed an agreement to bring Howler, a new biofungicide, into the European market and key countries of the Middle East and Africa. The agreement would benefit AgBiome in developing its new biofungicide in Europe and certain adjacent markets in the Middle East and Africa. It will also help BASF SE expand its BioSolutions portfolio offered by its Agricultural Solutions division.

The global juice concentrates market is estimated to be valued at USD 73.7 billion in 2022. It is projected to reach USD 93.7 billion by 2027, recording a CAGR of 4.9% during the forecast period. Juice concentrates are obtained by removing water from the fruit juice to make it more suitable for storage, shipping, and resale in retail stores.The overall juice concentrates market is driven by consumers’ preferences toward the consumption of healthier products and the growing consumption of fruit juices and nectars. The beverage industry influences the juice concentrates market, as fruit & vegetable juice concentrate is largely used in making a variety of nonalcoholic drinks.

Oranges will have the highest CAGR during the forecast period in terms of value

The ever-increasing demand for fruit juices in every corner of the world is the key factor driving the global growth of orange concentrate goods. Orange juice concentrates are rich in vitamin C. Immunity-boosting, cognitive-boosting, and mood-boosting beverages are in high demand, and consumers want these advantages in their beloved fruit juices as well. To emphasize functional component combinations, orange will be blended with various berry, botanical, and citrus elements. Rising demand for convenience products in developed regions of North America and Europe is leading to an increasing demand for orange concentrates.

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

Juice concentrates are used in the bakery & confectionery industry in the form of a sweetener and colorant. It is also applied as icing to decorate baked products such as cakes and muffins. The utilization of juice concentrates provides a balanced and natural flavor compared to plain water. Manufacturers consider juice concentrates as a suitable substitute for sugar during the production of bakery products, and the demand for health products has encouraged manufacturers to produce innovative and new products for consumers who are willing to pay a premium amount for the consumption of healthy bakery food.Bakery and confectionery manufacturers are incorporating fruit and vegetable components into their products to increase the nutritional content of the product, thereby attracting health-conscious consumers as well as a segment of consumers who want to indulge in these products but in a more mindful manner.

The beverages segment is expected to dominate the juice concentrate market

The beverage industry is one of the most flourishing industries in the world and is influencing the juice concentrates market globally. Manufacturers are introducing new and innovative products to the market to suit the demand of the people who prefer fruit flavors in their drinks. Moreover, the health-conscious public has a high demand for health and energy drinks which has further driven the juice concentrates market as juice concentrates provide the required nutrition in these drinks. There is a high demand for flavored milk in developed regions such as Europe, which has led to the demand for fruit concentrates in milk to satisfy the consumers taste buds.

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

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

Key Players:

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

The report “Pea Protein Market by Type (Isolate, Concentrate, and Textured), Form (Dry and Wet), Source (Yellow Split Pea, Lentils and ChickPea), Application, and Region (North America, Europe, APAC, South America and ROW ) – Global Forecast to 2027“, The market for Pea Protein is estimated at USD 1.7 billion in 2022; it is projected to grow at a CAGR of 11.9% to reach USD 2.9 billion by 2027. North America accounted for the largest share; during the forecast period, in terms of volume and value, respectively. Increasing population adopting vegan lifestyle and rising awareness about nutritional factor and functionality of Pea Proteins are expected to provide more scope for market expansion. Growth of population following vegan lifestyle, popularity of plant-based foods and gluten-free products, high demand of healthier functional and sustainable food options and nutritional benefits of pea-based products are key factors that are projected to drive the growth of the Pea Protein market during the forecast period. 

The Pea Proteins market consists of a few globally established players such as 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) . 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 

North America is projected to be the largest market. 

North America accounted for the largest share; during the forecast period, in terms of volume and value, respectively. The increasing vegan population, increasing demand for health & wellness products, increasing awareness about sustainable lifestyle and increasing consumption of processed meat products are the key drivers of the global pea protein market.

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The global agricultural pheromones market size is estimated to be valued at USD 2.9 billion in 2021. It is projected to reach USD 6.1 billion by 2026, recording a CAGR of 16.1% during the forecast period. The preference for conventional insecticides is declining. The recent ban on insecticide groups of neonicotinoids, such as thiamethoxam and fipronil, by the European Union is also a key factor that is projected to drive the growth of the agricultural pheromones market in Europe. Despite the growing awareness about IPM through government initiatives, crop growers are increasingly dependent on conventional inputs to increase crop productivity. However, significant growth in the application of pheromones for crops, such as grapes, cotton, sugarcane, peaches, okra, and oil palms, is witnessed in the region. 

According to Bayer CropScience one of the leading crop protection product manufacturers, understanding the many forms of biological and natural control agents is becoming increasingly important, and in several sectors, these products form the cornerstone of crop protection while in others their role is growing. Insect pheromones are essential components of monitoring and management used as tools targeting pests of agricultural crops. Mating disruption, mass trapping, attract-and-kill, and push-pull are some of the direct pest control strategies that depend on the use of pheromones. 

Compounds are formulated in protective matrices or reservoirs that emit the pheromone which are usually synthetic copies of naturally existing pheromones over weeks or months. Pheromone-baited traps are used to detect exotic invaders, to decide whether pest levels are sufficient to warrant intervention, and to time the application of conventional insecticides or other control measures. Synthetic pheromones are currently allowed by the U.S. Department of Agriculture (USDA), National Organic Program (NOP) for use in insect management (7 CFR 205.601(f)), and many synthetic pheromone products are registered as pesticides by the United States (U.S.) Environmental Protection Agency (EPA). Some of the key players in the global agricultural oheromnes market are Bayer CropScience, Shin-Etsu Chemical Co., Ltd, Koppert Biological Systems, Isagro Group, Biobest Group NV, Suterra LLC, and Russell IPM. These companies are actively taking up growth and product development initiatives inorder to establish their presence in the global markets. Bayer in March 2021 introduced Vynyty Citrus, its latest biological and pheromone-based crop protection product to control pests on citrus farms during the International Symposium on Horticulture in Europe – SHE2021. 

BioPhero (Denmark) a Danish insect pheromone start-up company, in March 2021 raised around USD 1.68 Million (€14.2 million) in Series A funding led by DCVC Bio with participation from new investor FMC Ventures, as well as existing investors Syngenta Group Ventures and Novo Holdings. Pheromone control of pests also aptly fits with the shift towards precision agriculture. An insect-targeted approach ensures that only the problematic species are interfered with, leaving advantageous species to flourish. Thus with rising product innovation by global players and increasing adoption by farmers is driving the global market growth for agricultural pheromones.

The nutraceutical ingredients market is estimated to be valued at USD 162.1 billion in 2020 and is projected to reach USD 227.5 billion by 2025, at a CAGR of 7.0% from 2020 to 2025. The growth of the nutraceutical ingredients market is driven by factors such as growth in the demand for fortified food owing to the increasing health consciousness amongst consumers. Key drivers for the market’s growth include increasing incidences of chronic diseases worldwide and mandates on food fortification by government organizations.On the basis of application, the dietary supplements segment is projected to be one of the fastest growing segments for the nutraceutical ingredients market. Dietary supplements offer general health benefits such as improvement in the balance of the gut microflora, improvement of intestinal functions such as bulking and regularity, increased calcium absorption & improvement in bone density, enhancement of immune function, reduction in the release of toxins that can lead to fatty liver and other diseases, reduced risk of cardiovascular diseases, control of blood sugar, possible reduction of risk of obesity & metabolic syndrome, and improvement in abdominal pain, bloating, and constipation.

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On the basis of form, dry segment is considered to be one of the fastest-growing segment in the nutraceutical ingredients market. A number of nutraceutical ingredients that are used in the dry form are vitamins, amino acids, prebiotic & probiotic premixes, proteins, and some minerals such as zinc and folic acid. These ingredients are extracted in dry form from several sources. For instance, vitamin C is extracted from acerola plant, protein powder, and fiber and amino acid from the hemp plant.

 As a result of the increasing demand for dietary supplements and functional foods in dry form, manufacturing companies are offering products in dry form; these are either available in the form of capsules or compressed into tablets.Asia Pacific is the fastest-growing market for nutraceutical ingredients and is projected to record the highest CAGR during the forecast period. The Asia Pacific market is completely driven by India, which accounted for nearly 31.5% of the market share in 2019. The country is also projected to be the fastest-growing country in the region for nutraceutical ingredients due to changing lifestyles and dietary patterns and growing awareness about nutrition. Further, rising hospitalization cost is also driving the consumer demands for supplements and other nutrients such as vitamins and minerals, to maintain their health. Consumers in the country are now willing to spend an additional amount for fortified products, which has increasingly helped manufacturers of nutraceutical ingredients to find a substantial market opportunity.

The key players in the nutraceutical ingredients market include Associated British Foods (Uk), Arla Foods (Denmark), DSM (Netherlands), Ingredion Incorporated (US), Tate & Lyle PLC (UK), Ajinomoto Co., Inc. (Japan), Tate & Lyle (Ireland), Chr. Hansen (Denmark), Kyowa Hakko Kirin Group (Japan), Glanbia plc (Ireland), Fonterra Co-operative Group Ltd. (New Zealand), Cargill (US), ADM (US), DuPont (US), BASF (Germany) are the players that hold a significant share in the nutraceutical ingredients market.

Associated British Foods (UK) is a major player in the nutraceutical ingredients market. Associated British Foods was previously known as Food Investments Ltd. and changed its name in 1982. The company is engaged in the processing and manufacturing of food, ingredients, and retailing. It operates through five business segments, namely, sugar, agriculture, retail, grocery, and ingredients. The ingredients segment manufactures bakers’ yeast, bakery ingredients, and yeast extracts. The company offers nutraceutical ingredients through the ingredients segment.

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The organization operates through its subsidiaries, such as AB Agri (UK), AB Mauri (UK), ABF Vista (UK), ABF Ingredients (UK), ABITEC Corporation (US), SPI Pharma (US), and Ohly (Germany). Among all subsidiaries of the company, ABF Ingredients (UK), ABITEC Corporation, and Ohly (Germany) holds significant market positions in the Americas, Europe, and Asia. SPI Pharma (US), is one of the prominent suppliers to the pharmaceutical, nutraceutical, and animal health products worldwide.DSM is a global science-based company operating in the health, nutrition, and materials business. The company operates through five segments—nutrition, materials, innovation center, corporate activities, and partnerships. Its nutrition segment includes DSM Nutritional Products and DSM Food Specialties. The nutrition and food specialty segment of the company caters to different end-use application industries, such as food, feed, nutraceutical, infant nutrition, personal care, and pharmaceutical.
The company offers nutritional supplements, such as vitamins, carotenoids, nutritional lipids, omega acids, premixes, and astaxanthin for both human and animal nutrition. These products are developed under its DSM Nutritional Products business. The company offers its nutraceutical ingredient products for the dietary supplements and food & beverage industry.

The global agricultural pheromones market size is estimated to be valued at USD 2.9 billion in 2021. It is projected to reach USD 6.1 billion by 2026, recording a CAGR of 16.1% during the forecast period. The preference for conventional insecticides is declining. The recent ban on insecticide groups of neonicotinoids, such as thiamethoxam and fipronil, by the European Union is also a key factor that is projected to drive the growth of the agricultural pheromones market in Europe. 

Despite the growing awareness about IPM through government initiatives, crop growers are increasingly dependent on conventional inputs to increase crop productivity. However, significant growth in the application of pheromones for crops, such as grapes, cotton, sugarcane, peaches, okra, and oil palms, is witnessed in the region.According to Bayer CropScience one of the leading crop protection product manufacturers, understanding the many forms of biological and natural control agents is becoming increasingly important, and in several sectors, these products form the cornerstone of crop protection while in others their role is growing. Insect pheromones are essential components of monitoring and management used as tools targeting pests of agricultural crops. Mating disruption, mass trapping, attract-and-kill, and push-pull are some of the direct pest control strategies that depend on the use of pheromones. Compounds are formulated in protective matrices or reservoirs that emit the pheromone which are usually synthetic copies of naturally existing pheromones over weeks or months. Pheromone-baited traps are used to detect exotic invaders, to decide whether pest levels are sufficient to warrant intervention, and to time the application of conventional insecticides or other control measures.

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Synthetic pheromones are currently allowed by the U.S. Department of Agriculture (USDA), National Organic Program (NOP) for use in insect management (7 CFR 205.601(f)), and many synthetic pheromone products are registered as pesticides by the United States (U.S.) Environmental Protection Agency (EPA). Some of the key players in the global agricultural oheromnes market are Bayer CropScience, Shin-Etsu Chemical Co., Ltd, Koppert Biological Systems, Isagro Group, Biobest Group NV, Suterra LLC, and Russell IPM. These companies are actively taking up growth and product development initiatives inorder to establish their presence in the global markets. Bayer in March 2021 introduced Vynyty Citrus, its latest biological and pheromone-based crop protection product to control pests on citrus farms during the International Symposium on Horticulture in Europe – SHE2021.

BioPhero (Denmark) a Danish insect pheromone start-up company, in March 2021 raised around USD 1.68 Million (€14.2 million) in Series A funding led by DCVC Bio with participation from new investor FMC Ventures, as well as existing investors Syngenta Group Ventures and Novo Holdings. Pheromone control of pests also aptly fits with the shift towards precision agriculture. An insect-targeted approach ensures that only the problematic species are interfered with, leaving advantageous species to flourish. Thus with rising product innovation by global players and increasing adoption by farmers is driving the global market growth for agricultural pheromones.

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According to MarketsandMarkets, the “Cold Chain Market by Application (Fruits & Vegetables, Dairy & Frozen Desserts, Fish, Meat & Seafood, Bakery & Confectionery), Temperature Type (Frozen, Chilled), Type (Refrigerated Transport, Refrigerated Warehousing), Region — Global Forecast to 2025”, size is estimated to be valued at USD 233.8 billion in 2020 and projected to reach USD 340.3 billion by 2025, recording a CAGR of 7.8%, in terms of value. The rise in consumer awareness to mitigate food wastage and the increasing consumer demand for convenience food & beverages with increased shelf-life has been boosting the cold chain market, globally. 

Governments of numerous countries have been bolstering the infrastructure investment of the cold chain, which has been augmenting the cold chain market growth. The bakery & confectionery application segment is projected to witness significant growth during the forecast period. Based on the application, the cold chain market is dominated by dairy & frozen desserts. However, the bakery & confectionery segment is among the fastest-growing segment during the forecast period. Temperature monitoring is a key aspect of quality control and food safety for various bakery and confectionery products. Refrigerated warehousing is used for bakery & confectionery products, which include bread, cakes & pastries, pizza crusts, waffles, biscuits, cookies, pastry shells, bagels, pretzels, and donuts. The increasing demand for convenience foods has led to a growing demand for frozen bakery & confectionery products. 

The temperature range of frozen bakery & confectionery products plays an important role in maintaining product quality. Asia Pacific and North America are the two regions expected to drive the market for bakery & confectionery products. The frozen temperature type segment is projected to account for a major share in the cold chain market during the forecast period By temperature type, the cold chain market is dominated by the frozen segment. The products that move through the cold chain are either chilled or frozen. Chilling involves reducing the temperature to below ambient temperatures but above –1°C. Chilled products include fresh meat & poultry, dairy products, and fruits & vegetables. Frozen products include ice cream and meat & seafood. A typical temperature range for frozen food products is –18° to –25°C.

 With the development of technology, there are wide options available such as chillers, blast freezers, individual quick freezing (IQF), and freeze dryers to maintain cold conditions and better food handling, processing, storage, and transportation. What are some of the key technologies which are driving growth in the market? Real-time data: Maintaining the quality of food is a major concern for manufacturers as well as service providers. Retailers and suppliers can now ensure the quality of food in transit by maintaining an optimum temperature setting. Sensors using IoT devices and cloud-based software applications can help to remotely monitor and track refrigerated cargo containers. These sensors respond to temperature fluctuations that may impact perishable goods or medicines. Cloud platforms: Cloud platforms provide real-time data and collectively analyze and share the data where and when required. Organizations can use this data to unlock the business value across the cold chain. This helps in reducing waste, maintaining brand equity, and gaining larger returns on investment (ROIs). Solar energy: Solar energy is another promising solution to meet the storage and transportation needs of food products. There are solar direct-drive refrigerators that are based on solar energy.

 These solutions help store, monitor, and transport temperature-sensitive products at appropriate temperatures, even in hot climates, with major electricity fluctuations. Asia Pacific to account for the fastest-growing and largest market at a CAGR of 13.1% during the forecast period The cold chain market in this region is estimated to witness robust growth propelled by the economic developments of countries such as China, India, Japan, and Australia. The shift of industrialization and investments in Asia Pacific has grown substantially over the past decade, especially in China and India, contributing to rapid economic growth. Countries such as India, Japan, China, and South Korea have a strong demand for dairy and meat products, which has led to the strong demand for preserving the quality and nutritive element in the products, which drive the market for cold chain in the region.

According to MarketsandMarkets, the global feed additives market is estimated to be valued at USD 38.1 billion in 2021 and is projected to reach USD 49.6 billion by 2026, recording a CAGR of 5.5%, in terms of value. The growth in consumption of animal-based products, growth in feed production, standardization of meat products owing to disease outbreaks, and implementation of innovative animal husbandry practices to improve meat quality have led to the increased consumption of feed additives. The European Commission defines feed additives as, “products used in animal nutrition for the purpose of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials. Feed additives may not be put on the market unless authorization has been given, following a scientific evaluation demonstrating that the additive has no harmful effects on human and animal health and on the environment.” 

Globally shift towards natural growth promoters driving the demands for feed additives

 Antimicrobial compounds are commonly included in poultry diets for promoting growth and controlling diseases. The European Union banned feed-grade antibiotic growth promoters, owing to cross-resistance and due to the risk posed to the EU’s food safety and public health. Due to this, feed manufacturers are adopting new forms of natural feed additives apart from antibiotics with the help of new science. This new generation of growth enhancers includes botanical additives such as appropriate blends of herbs or plant extract. Herbs and plant extracts used as feed additives include different bio-active ingredients. These natural growth promoters predominantly include organic acids, probiotics, prebiotics, and so on. In addition to this, growing demands of feed additives from developing countries such as India, China, and Indonesia are also boosting the demand of feed additives. However, the growth of the market is restricted due to the stringent regulations in regions such as Europe and the price volatility of different feed additives. Some of the key companies in feed additives market are ADM (US), Cargill (US), DSM (Netherlands), DuPont (US), Evonik (Germany), and BASF (Germany) amongst others. These players are actively investing into developments of novel feed additives ingredients developments and thus developing newer feed additives based on them. The North America region is the second-largest region in the feed additives market in the forecast period North America is the second-largest region in the global feed additives market in the forecast period. The feed additives market in North America is majorly driven by the growth in livestock population in US and Mexico. The region witnesses high production and consumption of feed additives. The presence of major feed additive manufacturers such as Cargill (US), ADM (US), DuPont (US), Kemin Industries Inc. (US), and Alltech (US), further drives the market. The natural segment is projected to account for the second-largest share in the feed additives market during the forecast period By source, the feed additives market is segmented into synthetic and natural. Natural segment accounted for the second-largest market share in the overall feed additives market. The demand for natural feed additives is increasing due to the demand for higher-quality animal feed and rising concerns of end consumers about obtaining animal-based products.

The report "Probiotics Market by Application (Functional Food & Beverages (Dairy Products, Non-dairy Beverages, Infant Formula, Cereals), Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, & Region - Global Forecast to 2026", was estimated to be valued at USD 61.1 billion in 2021 and is projected to reach USD 91.1 billion by 2026, at a CAGR of 8.3% during the forecast period.

Probiotics are becoming one of the essential ingredients for various health and nutritional applications. Awareness regarding the benefits of ‘good bacteria’ has always been high in the European and Asia Pacific markets due to bacterially fermented milk products available in the regions. With the increase in diseases such as obesity, high blood pressure, and osteoporosis, consumers tend to maintain a healthy diet with the increased consumption of fortified foods, beverages, and dietary supplements.

The human probiotics segment by end user is projected to account for the largest market of the probiotics.

The rising trend of consuming functional foods due to the growing preferences for health-benefiting products is projected to drive the market for probiotics in the human segment. Popular sources of probiotics include yogurt, beverages such as fermented milk & juices, and probiotic supplements. The developing economies in 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 accounts for the large market share across the globe.

Asia Pacific is projected to be the fastest growing market.

The Asia Pacific region presents immense opportunities for animal probiotic products as governments are becoming increasingly concerned about the health and productivity of farm animals. Health deterioration in animals due to the use of AGPs has also encouraged livestock owners to use probiotic-based feed. The application of probiotics is expected to increase at a fast pace in Asia Pacific due to the rise in consumer demand.

Key players in the global probiotics market include Chr. Hansen (Denmark), Dupont (US), Danone (France), Yakult Honsha (Japan), and Nestlé (Switzerland). Expansions and new product launches were the core strengths of leading players in the probiotics market. These strategies were adopted by key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Market leaders such as Chr. Hansen (Denmark), Dupont (US), Danone (France), Nestlé (Switzerland), and Yakult Honsha (Japan) are focusing on tapping the potential markets through expansions and new product launches. Get More Information:
https://www.marketsandmarkets.com/Market-Reports/probiotic-market-advanced-technologies-and-global-market-69.html

The yeast segment by ingredient is projected to achieve the fastest growth in the probiotic market.

Yeast, as a probiotic, is actively used in applications such as food, beverages, pharmaceuticals, and industrial enzymes. For a yeast strain to be selected as a probiotic, it needs to have a high tolerance to acidity, should show resistance to bile salts, must have an adhesion capacity to the intestinal cells, and should demonstrate an immunostimulant effect.  With the increasing demand for products incorporating Saccharomyces boulardii—a unique tropical yeast having several beneficial effects on human intestinal health will drive the market of yeast segment globally.