Research Reports And Consulting

The report “Food Fortifying Agents Market by Type (Minerals, Vitamins, Carbohydrates, Prebiotics, Probiotics), Application (Cereal & Cereal-based Products, Bulk Food Items), Process (Drum Drying, Dusting) and Region – Global Forecast to 2027“. The global food fortifying agents market is projected to reach USD 128.0 Billion by 2027, growing at a CAGR of 10.1% from 2022 to 2027. The demand for food fortifying agents is driven by the increasing adoption of fortifying agents in various food & beverage, pharmaceuticals, dietary supplements and pet food manufacturing industries. Significant changes in the food fortifying agents industry over the last two decades have resulted in the high demand for dietary supplements, fats & oils, beverages, cereals & cereal-based products, dairy & dairy-based products and infant formula. 

In the food fortifying agents market, dietary supplements application segment is registering the highest growth during the forecast period. 

Growing incidences of chronic diseases, rise in the aging population, and the growing trend of health & wellness is driving the dietary supplements segment. It is projected to grow at the highest CAGR of 10.2% from 2022 to 2027. Dietary supplements are concentrated sources of nutrients or other substances with nutritional or physiological benefits, either provided alone or in combination, marketed in a pharmaceutical dose form and administered orally. Many European countries have adopted the highly restrictive CODEX standards for the supplements, which eliminate the consumer’s ability to purchase dietary supplements in therapeutic dosages. Codex Alimentarius (Latin for “Food Code”) is the United Nation’s proposed set of international guidelines for nutritional supplements, food handling, production, and nutrients. 

Asia Pacific region is witnessing the highest growth rate in food fortifying agents market. 

Food fortifying agents market in Asia Pacific region is driven by busy lifestyle and increasing disposable incomes of the consumers. The application of these agents is expected to increase at a fast pace due to the increasing demand from consumers. Across Asia Pacific, proteins & amino acids are one of the rapidly growing segments. Key markets in the region include China, India, Japan, and Australia & New Zealand. These countries have vast areas under agriculture and production of high-fiber content plants & oilseeds, primary raw materials for fiber & specialty carbohydrate ingredients. Processed food industry in the Asia Pacific region is experiencing growth with the changing lifestyles of customers. The food & beverage industry is currently undergoing a dramatic transformation in response to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. Rising incomes, purchasing power, and consumer demand for nutritional & healthy products also provide promising prospects for growth and diversification in the region’s food sector further proliferating the demand for food fortifying agents market. 

Minerals segment is the fastest growing among the various types of food fortifying agents during the forecast period. 

Minerals are inorganic elements derived from soil and water and absorbed by plants. Mammals absorb minerals from the plants they consume. This is further segmented into micro minerals and macro minerals. Both are equally important; however, micro minerals are required in smaller amounts than macro minerals. The segment is registering the highest growth in food fortifying agents market owing to its use in applications such as mineral supplements, meat products, breakfast cereals, infant foods, and health drinks among others. The key players in food fortifying agents market include Cargill (US), DSM (Netherlands), CHR. Hansen Holdings A/S (Denmark), DuPont (US), BASF SE (Germany), Arla Foods Amba (Denmark), Tate & Lyle (UK), Ingredion (US), Archer Daniels Midland Company (US), and Nestle SA (Switzerland).

According to the report “Food Preservatives Market by Type (Natural, Synthetic), Application (Meat & Poultry & Seafood, Bakery, Confectionery, Snacks, Dairy & Frozen Products, Beverages, Fats & Oils), Functions, and by Region – Global Trends and Forecast to 2026″, published by MarketsandMarkets™, the global Food Preservatives Market is expected to grow from USD 3.3 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 4.1% from 2021 to 2026.The food preservatives market is dominated by North America and Asia-Pacific. North America is estimated to account for the maximum market share of the global food preservatives market due to advancements seen in the food industries. Consumers in North America are more health-conscious due to awareness and health campaigns run by various organizations. Increasing demand for convenience food products, extended shelf life, and multi-functionality of natural preservatives are driving the food preservatives market. Few restraints are natural preservatives replacing chemicals and high cost of natural preservatives.

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Chemical food preservatives, by type, is estimated to hold the largest market share during the forecast period

Synthetic food preservatives are projected to account for the largest share during the forecast period, as they are much cheaper than natural food preservatives and easily available. However, the demand for natural preservatives is increasing as the population shifts toward healthy eating and clean-label food products. Chemical preservatives have been used for decades—as antioxidants as well as antimicrobials. Natural preservatives will slowly but gradually replace their chemical counterparts. However, till then, chemical preservatives will always have a major share within the food preservatives industry. Benzoates, sorbates, and propionates are amongst the most commonly used chemical preservatives and are broad-spectrum agents with applications across various food product categories. Known to either inhibit or kill the target microorganisms, these ingredients are designed to prevent the loss of essential amino acids and vitamins, which may occur due to undesirable chemical or enzymatic reactions within the product. A wide range of chemical preservatives have been used and applied to food products, some of which include benzoates, sulfates, sorbates, nitrites, propionates, and others.

Meat, poultry and seafood products, by application, is estimated to hold the largest share in the food preservatives market during the forecast period

The meat & poultry segment accounted for the largest share in the global food preservatives market in 2020. Preservatives commonly used in meat, poultry, and egg products, in particular, are BHT and tocopherols (vitamin E). Vitamin E is abundant in whole wheat, rice germ, and vegetable oils. It is destroyed by the refining and bleaching of flour. Vitamin E prevents oils from becoming rancid. Other preservatives used in meat products are citric acid and propyl gallate. Preservatives added to cured meats, bacon, and ground beef are sodium nitrite. Sodium nitrite, when added to meat and fish, destroys toxins and reacts with proteins in the meat. Solutions used by meat processors to improve shelf-life and taste can also help reduce pathogens, including E. coli.

Antimicrobial food preservatives, by function, is estimated to account for the largest market share during the forecast period

The antimicrobial food preservatives account for the largest share, by function, of the food preservatives market, as these preservatives are used to prevent the growth of microorganisms. In the case of packaged foods, common spoilage and pathogenic microorganisms affect the food due to changes in pH value, oxygen content, and storage conditions (temperature, time, and humidity). This leads to the need for food preservatives. Antimicrobials can be added to food product formulations as coating agents and can also be used as packaging materials. The use of antimicrobials prevents bacterial and fungal growth on food items, leading to increased shelf life and convenient availability of the food product to consumers.

North America is estimated to hold the largest market share during the forecast periodThe North America market accounted for the largest share in 2020. Consumers in North America are on the lookout for minimally processed convenience foods with long storage lives. This increased demand has heightened the need for the appropriate food safety measures and thus the role of preservatives to extend shelf life has become increasingly critical. The burgeoning demand for such convenience food products is expected to have a high impact on the food preservatives market in North America. With the challenge posed by the growing concern among consumers with respect to chemical methods and additives to enhance food shelf life, manufacturers are exploring the use of newer technologies and additives, which would be efficient alternates to synthetic additives. The popular perception that natural additives are a healthier option is driving the trend in the food preservatives market in North America.

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Key Players:

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 food preservatives market. It consists of the profiles of leading companies such as the major food preservatives manufacturers include BASF SE (Germany), Kerry Group Plc (Ireland), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (US), Kemin Industries, Inc. (US), IFF Nutrition & Biosciences (US), ADM (US). Tate & Lyle (UK), Lallemand Inc. (Canada), ITA 3 S.r.l (Italy), Foodchem International Corporation (China), Galactic (Belgium), Corbion (Netherlands), Celanese Corporation (US), and Jungbunzlauer Suisse AG (Switzerland). These players have focused on acquisitions to gain a larger market share in the food preservatives market.

The environmental testing market is estimated to be valued at USD 8,298.5 million in 2020 and is projected to reach USD 12,111.3 million by 2025 at a CAGR of 7.9 %. Environmental testing is one of the largest segments of the global testing, inspection, and certification (TIC) industry. It is also a part of the environmental industry, which includes environmental products, environment treatment services, waste management systems, and analytical (testing) services.

Market Dynamics

Driver: Increase in the stringency in regulations related to environmental protection

Environmental regulations have had enormous benefits in terms of lives saved and illnesses averted, especially through reductions in airborne particulates. Environmental regulations have greatly improved air and water quality, especially in areas that were dirtiest before the regulation. Regulations and legislations set forth by government organizations have triggered the testing, inspection, and certification of environmental samples tested by the government and manufacturing companies. Regulatory bodies have introduced guidelines for regulating the inspection, sampling, and testing services of environmental samples to detect the presence of pollutants and contaminants. These bodies have introduced various programs to generate awareness and set testing specifications to ensure the safety of the environment and reduce the health risks associated with a polluted environment.

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Restraints: High capital investment for accurate and sensitive analytical testing

High costs and extensive sample preparation require laboratory analysts to use advanced testing technologies. A wide range of existing testing methods and the introduction of advanced technologies to conduct testing of environmental samples have resulted in an effective change in environmental testing. Liquid chromatography, high-performance liquid chromatography, and spectrometry are the advanced technologies that are used for environmental testing. Technologies are sensitive, accurate, and efficient. However, the mentioned technologies have a high cost of the equipment, extensive sample preparation, and calibration issues, which are a restraint to market growth. Most of the analytical methods are suitable for only certain samples such as soil, water, and effluent, while other methods are used for testing air samples. However, the cost of these tests is very high, which significantly leads to the need for higher capital investments, which, in turn, is the hindering factor for market growth.

Opportunities: Increase in industrial activities in emerging markets

Increase in industrialization in regions such as the Asia Pacific and Africa has increased awareness among the people regarding environmental pollution and degradation. This has resulted in the implementation of numerous environmental protection acts, which are the key opportunity for the environmental testing market. Because of the increase in pollution and environmental contamination, several amendments and new environmental safety standards are expected to be set up mainly in the developing economies such as Asia Pacific regions in the next five years. The progressive development of new testing methods for testing samples of contaminants such as pesticide residues, heavy metals, and organic chemicals is expected to play an important role in promoting the growth of the market.

Challenges: Lack of basic supporting infrastructure

Testing & certification practices in several developing countries lack organization, sophistication, and technology. The lack of basic supporting infrastructure for setting up testing laboratories acts as a major challenge to the growth of the market. Testing services in some areas of developing regions also face the challenge of obtaining samples from manufacturing companies, as they are fragmented and dominated by small enterprises.

There are several key issues, such as the lack of institutional coordination; shortage of equipment and technical skills & expertise for the implementation of legislation at grass root levels; and the lack of updated standards; which hinder the market for environmental testing. Good manufacturing practices (GMP) are required to ensure cooperation between manufacturing companies and government testing services. Lack of these has been acting as a bottleneck in the growth of the market. With substantial support from governments, there can be some growth in the market, majorly in developing regions such as the Asia Pacific and Africa.

North America is the dominating market for Environmental testing as it is crucial in present scenarios of industrialization, where the prevalence of contaminants and pollutants is high. Government and non-government agencies have laid down stringent plans for markets, which the organizations have to adhere to in every possible sector. The increase in demand for resources, such as drinking water, building material, and fuel is on its peak. As a result, the need for environmental testing services and certification is dominating in the region.

The presence of various environmental governing organizations in the US is driving the growth of the environmental testing market through the implementation of various environmental protection policies. The number of testing laboratories has doubled in the major regions, such as North America and Europe, in the last few years, aiming to safeguard the environment. The regulatory bodies in the regions are closely monitoring the safety and quality of the environment to establish environmental safety across the geographies.

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Wastewater/effluent is the dominating sample segment for environmental testing market. Since a lot of wastewater/effluent is generated by all industrialization process in the developed economy of North America, the government encourages the wastewater recycling to meet the increasing water demand. Therefore, the region is a dominant market for testing of wastewater/effluent.

Water is the fastest growing sample segment of environmental testing market. A wide range of testing is provided by the environmental testing firms to analyze and certify water for different purposes, such as groundwater, wastewater, and drinking water. The testing companies look for aquatic toxicity, the presence of harmful microorganisms, and various unwanted organic and inorganic compounds in the water, which can be harmful to the consumption or environment.

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 the new market research 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″, published by MarketsandMarkets™, the Agrochemicals Market 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. 

Herbicides, by type, is estimated to hold the largest market share during the forecast period 

The market for agrochemicals, by pesticide type, has been segmented into insecticides, herbicides, fungicides and other. Herbicides accounted for the largest segment during the forecast period. This is attributed to the wide acceptance of herbicides in the cultivation of a variety of crops. They are convenient to use for crops such as sugarcane, rice, soybean, and cotton, among others. Rapidly advancing technology in the agricultural and allied sectors has also impacted conventional agricultural practices. It has made the use of external agents more efficient in terms of productivity. Using herbicides to eradicate weeds at an early stage helps increase the productivity and yield per unit, which has led to increased use by producers across the globe. Rising safety and environmental concerns have led to regulatory action in many countries, causing some restraints for the growth of the herbicides market. Major chemicals such as glyphosate and atrazine, among others, are regularly scrutinized, especially in Europe. However, considering the increasing use of herbicides, the market is very promising and is likely to expand. 

Fruits and Vegetables, by crop application, is estimated to hold the largest share in the agrochemicals market during the forecast period 

With an increase in the number of health-conscious people in the Asia Pacific region, there has been a significant increase in the consumption of fruits, thus causing the demand for fruits to rise. This has compelled the farmers to use various agrochemicals to meet the increasing demand. Furthermore, the high export potential of fruits & vegetables has also led to an increase in production levels. This has propelled the requirement of nitrogenous fertilizers products for efficient usage of agricultural inputs to meet export quality standards. 

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

Farmers occasionally need to add nitrogen fertilizers to their farms and gardens to make available just the precise nutrients for their plants’ growth. The nitrogenous fertilizer industry includes the production of synthetic ammonia, nitric acid, ammonium nitrate, and urea. Synthetic ammonia and nitric acid are used primarily as intermediates in the production of ammonium nitrate and urea fertilizers. The applications of inorganic nitrogen fertilizers to various crops have been continuously increasing since the last many decades globally. Although nitrogen fertilizer contributes substantially to yield enhancement, but excessive use of this manure has posed serious threats to the environment and human health. 

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. 

Key Players: 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).

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. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. 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. 

The fruits and vegetables segment is projected to grow at the highest CAGR of 16.0% during the forecast period. 

Fruits and vegetables are high-value specialty crops grown on a large scale in greenhouses and open fields. Consumers have turned more health conscious in recent years which has created a shift to specialty crop production due to high demand of healthy and organic foods like fruits and vegetables. High value crops give larger profits to cultivators. Hence, agricultural input is also high. They are also the most exported crop types in the organic sector. Thus, to comply with import regulations especially in the North American and European countries, fruits and vegetables segment consume a large share of biopesticides and the demand is projected to grow at the fastest rate during the forecast period. 

Bioherbicides market is a relatively untapped and small market in comparison to other segments such as bioinsecticides and biofungicides. 

Bioherbicides are relatively less commercialized than other types of biopesticides available in the market. This is due to various challenges faced in its development. Due to rising demand for bioherbicides as a result of conventional herbicides, various key players in the market are doing extensive research to develop and commercialize bioherbicides. Marrone Bio Innovations (US) is also making news on its recent acquisition of exclusive rights to high-performing strains of Streptomyces acidiscabies for commercialization of a new second-generation bioherbicide, MBI-006. With the rising demand for effective biosolutions to control weed and invasive species, the demand for bioherbicides is expected to rise in the coming future. 

Marrone Bio Innovations offers a wide range of biopesticides in the North American market. 

The organic industry is growing fast. According to a survey undertaken by FiBL in 2020 on organic agriculture worldwide, there was an increase in the organic farmland by 3 million hectares (4.1%), the number of organic producers, and an increase in the sales of organic products. The rising popularity of organic products due to their perceived health benefits, environmental regulations, pest resistance management, and residue management are fueling the growth of biopesticides market in North American market. As a result US-based Marrone Bio Innovations spends a major share in its R&D and offers a wide range of biopesticides products including bioinsecticides, biofungicides, bionematicides, and bioherbicides. The key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), and UPL Limited (India).

The global dairy alternatives market is estimated to be valued at USD 27.3 billion in 2022 and is projected to reach USD 44.8 billion by 2027, recording a CAGR of 10.4%, in terms of value. Dairy alternatives are used in food & beverages that are dairy-free or do not contain lactose. It is witnessing significant growth due to increasing instances of lactose allergies, changing consumer lifestyles, and growing health awareness among consumers. Consumers are increasingly adopting a vegan diet contributing to the growth of the dairy alternatives 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. The flavored segment is projected to grow with the highest CAGR in the dairy alternatives market. Based on formulation, the flavored segment is projected to grow with the highest CAGR in the dairy alternatives market. The widely available flavored plant-based products in the market are vanilla and chocolate, followed by flavors such as peach, strawberry, blueberry, and mango. Companies have launched new products with fruit flavors to expand their consumer base and increase their market share. Dream frozen yogurt by The Hail Celestial (US) is one of the examples of flavored & sweetened dairy alternative products. To develop creamier textures, many new product launches include coconuts or blends such as coconut and oat or another plant-based alternative.

 The online stores segment is projected to grow with the highest CAGR in the dairy alternatives market. By distribution channel, the dairy alternatives market is segmented into supermarkets, health food stores, pharmacies, convenience stores, online stores, and other distribution channels. Many key players have started offering their products for sale through online channels. This helps consumers in terms of placing an order as well as getting the delivery. Several one-stop shops have put themselves on the web to ease the purchasing process for the consumers. These online retailers also offer a variety of options for a particular dairy-free food product at discounted rates as compared to traditional retail prices to attract more customers. 

Key Market 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 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).

According to a research report “Insect Protein Market by Insect Type (Cricket, Grasshoppers, Ants, Mealworms, Black Soldier Flies, and Others), Application (Food & Beverages, Animal Nutrition, Pharmaceutical & Cosmetics), Distribution Channel and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global insect protein market will grow to USD 3.3 billion by 2027, growing at a CAGR of 33.4% during the forecast period. The demand for animal protein is expanding quickly in emerging economies. The rising regulatory approvals from the developed regions for use of insect protein is propelling the growth of insect protein market. 

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.

 Asia Pacific region is witnessing the highest growth rate in the insect protein market 

Southeast Asian countries have a tradition of entomophagy but do not have regulations related to the breeding, sale, and export of insects. However, insect protein manufacturers have a high opportunity in the animal nutrition segment. Pharmaceutical and cosmetics are among the growing segments in the region, especially in China and Japan. The food consumption per capita is projected to increase in Australia, as the population is projected to reach 35.9 million by 2050, according to a report published by Australian Government. The major players include EnviroFlight (US), InnovaFeed (France), HEXAFLY (Ireland), Protix (Netherlands), Global Bugs (Thailand), Entomo Farms (Canada), and Ynsect (France) among others. 

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.

According to a research report “Pet Food Ingredients Market by Ingredient (Meat & Meat Products, Cereals, Vegetables & Fruits, Fats, and Additives), Source (Animal-based, Plant Derivatives, and Synthetic), Pet (Dogs, Cats, and Fish), Form and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global pet food ingredients market is estimated to be valued at USD 32.2 billion in 2022. It is projected to reach USD 44.5 billion by 2027, with a CAGR of 6.7%, in terms of value between 2022 and 2027. The reasons that are driving the growth of the pet food ingredients market rising focus on the health and nutrition of pet animals and increased spending on health-focused pet food ingredients. Pet food ingredients enhance the nutritional profile and offers a range of health benefits in terms of supporting the immunity and gut health of pet animals, along with enhancing the palatability of the products, contributing to higher feed intake due to which they are in significant demand across the pet food industry. 

The animal-based segment is projected to retain its position as the dominant segment in the pet food ingredients market during the forecast period

Based on source, the animal-based segment is expected to retain its position as the dominant and the fastest-growing segment during the forecasted period. The animal-based pet food ingredients witness significant demand from pet owners owing to their increased acceptability among pet animals, which contributes to higher feed intake. Animal-based pet food ingredients are also associated with a range of health benefits in terms of enhancing the skin and coat of pet animals, offering improved cognitive health benefits in older pets, and effectively supporting the gut health and digestion of pet animals which is likely to drive their demand over the forecasted period. 

The dry segment is projected to account for the largest market share and also for the fastest growing segment in the pet food ingredients market 

Based on form, the dry segment is projected to account for the dominant and fastest-growing segment over the forecasted period. The dry pet food ingredients offer desirable characteristics such as a rich nutrition profile and are also cost-effective in nature. They also offer a higher level of convenience during the processing and storage process owing to which they are in significant demand in the industry and are also likely to retain their position as the dominant segment over the forecasted period. 

North America is projected to be the largest market for the pet food ingredients market during the forecast period 

Based on region, North America region is projected to be the largest market for pet food ingredients industry during the forecast period. This growth of the pet food ingredients industry in the region is supported by factors such as increased adoption of pet animals in the region and the rising pet humanization trend which has contributed to a higher level of awareness regarding the health and nutrition of pet animals. The region also has a significant number of pet food ingredient manufacturers and well-established markets for pet products. The pet owners in the region demonstrate a higher level of consciousness with regard to the quality of pet food ingredients. The large pet population and increased spending on health-focused pet food ingredients are likely to drive the market growth of the pet food ingredients industry in the region. Key players in this market include BASF SE (Germany), Darling Ingredients Inc. (US), Cargill (US), Ingredion (US), DSM (Netherlands), Omega Protein Corporation (US), ADM (US), Kemin Industries, Inc. (US), Chr. Hansen Holding A/S (Denmark) and Roquette Frères (France).

The grain protectants market is estimated to be USD 572.7 million in 2018 and is projected to reach USD 726.1 million by 2023, growing at a CAGR of 4.86% from 2018. The grain protectants market is driven by the need to reduce grain losses during storage and the growing market pressure on farmers to gain better grain prices during the post-harvest stage. However, the increasing insect pest resistance to certain active substances and stringent regulations on maximum residue levels (MRLs) emphasize the need to develop new active substances that are more effective and less hazardous to the environment and human health. Investment in R&D for the introduction of new products would be an area of focus in coming years, due to the increasingly positive effects of some biologically sourced products such as INSECTO and Protect-It. These products contain diatomaceous earth (silicon dioxide) and are recognized as an essential component of Integrated Pest Management (IPM) for stored products.

Certain pest species have developed resistance to chemicals such as organophosphates, pyrethroids, carbamates, and certain other agents such as methoprene and even the biological agent Bacillus thuringiensis. There have been perilous situations in certain regions wherein the insect populations have developed multiple resistance abilities toward protectant chemicals, leaving no options for the use of any effective protectants.
The increasing cost of development and registration of active ingredients would have impact on the market growth,. Currently, a gradual shift is being witnessed from chemical-based pest management to IPM systems, owing to the biological, economic, and sociological influences.

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In terms of control methods, the chemical segment is projected to grow at the highest rate from 2018 to 2023, owing to the higher prices and effectivity of chemicals. However, the safety of stored grains cannot depend on a single method due to several factors surrounding post-harvest storage. These factors include pest infestations, pest resistance to the grain protectant chemicals, climatic conditions, and storage conditions. Thus, advanced systems such as integrated pest management (IPM) would be effective in maintaining the quality of stored grains for a longer period.

North America is projected to be the fastest-growing region in the grain protectants market from 2018 to 2023. The region has a major presence of grain protectant manufacturers and has a high demand for corn-based products. Multinational companies are also focusing on marketing their products and services of grain protectants in these regions, through expansions and new product launches, to gain a larger share of the market. Entostat, a proprietary wax micro powder product manufactured by Exosect, has shown unique electrostatic properties.

These natural physical properties have the ability to enhance the target delivery platform for synthetic and biological active ingredients. IPM involves managing the pest population through physical and biological control method techniques; and most of the times, the intervention through chemical insecticides is also required. Various other approaches in the IPM can be utilized for efficient management of insect pests in stored grains. Therefore, strong adoption of IPM practices globally could prove to be a good opportunity for the growth of the grain protectants market.

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The global market for grain protectants is dominated by key players such as Bayer (Germany), Sumitomo Chemical (Japan), BASF (Germany), Nufarm (Australia), UPL (India), and DowDuPont (US). These players adopted growth strategies such as expansions and new product launches to gain a larger share of the grain protectants market. Some other key players in the market are Syngenta (Switzerland), FMC Corporation (US), Degesch America (US), Arysta LifeScience Corporation (US), Central Life Sciences (US), and Hedley Technologies (Canada).

The report "Vitamins Market by Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, and Vitamin K), Application (Healthcare Products, Food & Beverages, Feed, and Personal Care Products), Source (Synthetic and Natural), and Region - Global Forecast to 2023", The vitamins market is estimated to be valued at USD 5.18 billion in 2018 and is projected to reach USD 7.35 billion by 2023, at a CAGR of 7.3%. The market is driven by the growth in demand for functional and nutritionally enriched processed food products, the prevalence of vitamin deficiencies, and feed fortification due to a rise in global meat & dairy product consumption.

The Vitamin C segment is projected to be the fastest-growing segment during the forecast period.

The vitamin C segment, by type, is projected to be the fastest-growing segment. The increasing focus of consumers on health and wellbeing, along with multiple benefits provided by vitamin C such as faster healing of wounds and maintenance of skin, eye health, and immune system provides an opportunity to this segment for increased growth.

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The healthcare products segment is estimated to dominate the market in 2018.

The healthcare products segment, by application, is estimated to dominate the market during the forecast period. Rapid urbanization has led to changes in consumer lifestyles. Vitamins are gaining traction in the healthcare industry, as there is an increased focus on preventive health care. Further, vitamins are also known to sustain human health during various disorders and ailments such as diabetes, cardiovascular disease (CVD), Alzheimer’s, multiple sclerosis (MS), and the common cold.

The synthetic segment is set to dominate the market by 2023.

The vitamins market, by source, is projected to be dominated by the synthetic segment, which is projected to grow at the higher rate during the forecast period. Synthetic vitamins are chemically synthesized and produced largely from coal tar derivatives and petroleum extracts. They are widely preferred by end-user industries because of their ability to remain stable for a longer period of time and also because of the low costs associated with them in comparison with naturally sourced vitamins.

Asia Pacific is projected to be the fastest-growing market during the forecast period.

The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. The incidences of regular and chronic diseases in this region are high. This has led to an increased focus on preventive health care, which has resulted in high consumption of healthcare products and fortified & functional food products with essential nutrients such as vitamins. Also, the market for vitamins in Asia Pacific is experiencing high growth due to its growing application in the feed industry, as the region accounts for the largest livestock population and caters to significant demands of livestock-based products such as milk, egg, and meat.

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This report includes a study of marketing and development strategies, along with a study of the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Koninklijke DSM N.V. (Netherlands), Glanbia plc (Ireland), ADM (US), BASF (Germany), Lonza Group (Switzerland), Vitablend Nederland B.V. (Netherlands), SternVitamin GmbH & Co. KG (Germany), Farbest-Tallman Foods Corporation (US), Watson Inc. (US), Zagro (Singapore), The Wright Group (US), Rabar Pty Ltd. (Australia), Adisseo (France), Showa Denko K.K. (Japan), and BTSA BIOTECNOLOGíAS APLICADAS S.L (Spain).

The report "Pectin Market by Type (HM Pectin, LM Pectin), Raw Material (Citrus fruits, Apples, Sugar beet), Function, Application (Food & beverages, Pharmaceutical & Personal Care Products, Industrial Applications), and Region - Global Forecast to 2025" The global pectin market size is estimated to be valued at USD 1.0 billion in 2019 and is expected to reach a value of USD 1.5 billion by 2025, growing at a CAGR of 6.5% during the forecast period. Increase in functional food & beverage consumption, the multi-functionality of pectin, and the rise in the use of natural ingredients in foods due to greater consumer awareness about healthy diets is driving the global pectic industry.

By type, the HM pectin segment is projected to dominate the pectin market during the forecast period.

HM pectin is the most common type of pectin and is labeled as either rapid-set or slow-set. The gel strength of HM pectin remains high due to the increase in the degree of methylation; however, any further increase in the degree of methylation, i.e., more than 70%, leads to a decrease in its gel strength. HM pectins are widely used in the production of jams and jellies, as they are used for thickening the product.

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By raw material, the citrus fruits segment is projected to dominate the pectin market during the forecast period.

The demand for citrus fruits from the pharmaceutical & personal care industries has drastically increased over the last decade. Citrus fruits contain active phytochemicals that can protect health, and in addition to this, they also abundantly provide vitamin C, folic acid, and potassium. Sugar beet pectin extracts show a potential role as an emulsifier apart from a gelling agent, due to which it becomes a viable substitute for gum Arabic, as less quantity is required to activate the oil-water interface.

The increasing demand for pectin in Europe and Asia Pacific is driving the growth of the pectin market.

The European and Asia Pacific countries are witnessing increasing demand for pectin mainly in the food & beverages industries. Europe accounted for the largest share of the global pectin market due to the high demand for convenience foods & functional dairy products and increasing consumption of jam & jellies and baked goods.

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Asia Pacific is likely to be the fastest-growing region in the global pectin industry. The growth in the market is driven by the growing demand for convenience foods, functional dairy products, and baked goods, coupled with the changing consumer lifestyle in the region.

Key Market Players

Key players in this market include DowDupont (US), Cargill, Incorporated (US), Ingredion Incorporated (US), CP Kelco (US) and Koninklijke DSM N.V. (Netherlands). Major players in this market are focusing on increasing their presence through new product launch, expansions & investments, mergers & acquisitions, partnerships, collaborations, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.