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.

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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.

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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).

 The global seed market size is estimated to be valued at USD 63.0 billion in 2021 and is projected to reach USD 86.8 billion by 2026, recording a CAGR of 6.6% during the forecast period. The increase in seed replacement rate, adoption of GM crops, increase in organic farming, advent of molecular breeding technology in seeds, government support, and demand from biofuel and feed manufacturing companies are some of the significant drivers for the market. Technological advancements and innovations in this market have introduced hybridization technology and GM crops, which have been gaining importance among farmers, owing to high yields and increased pests, drought situations, and disease tolerance. The US, Brazil, Argentina, China, and India are some of the key markets for seeds globally.


By type, the seeds market is segmented into conventional and genetically modified. The market for genetically modified seeds is expected to grow at a higher rate due to increased demand from farmers for biotech crops, which have higher levels of productivity and profitability. Genetically modified seeds aid farmers to minimize their agricultural input expenses significantly; for example, agrochemical treatments, while guaranteeing a much more abundant harvest.


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The genetically modified seeds, also popularly known as transgenic seeds, are used to improve and bring about useful characteristics within seeds. These characteristics include insect resistance, herbicide tolerance, abiotic stress tolerance, high nutritional quality, high yield/output, disease resistance, and improvement in the overall quality of seeds. They help enhance the quality of products manufactured using these seeds. Some of the countries that have accepted the genetically modified seeds are the US, Argentina, Canada, China, and India for one or more crops.


Based on crop types, the seeds market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops, which include fiber crops and other commercial crops such as tobacco and medicinal plants. Cereals & grains, by crop type, accounted for the largest market share in 2020, owing to factors such as the widespread use of grains as a staple food in many Asian and Southeast Asian countries. In the last few years, countries such as China have emerged as major exporters of grains to meet the requirement of neighboring economies. Crops such as corn are widely utilized in both food and feed industries. With the rising market for biofuels, crops such as sorghum are also being produced on a large scale. Genetically modified varieties of corn are adopted in various parts of the world. Developed countries such as the US have their main focus on animal feed, which is driving the adoption of GM corn for use in animal feed. The usage of GM corn as a raw material for the production of ethanol has also led to an increase in the demand for biofuels as a renewable source.


Other traits are preferred than herbicide tolerance and insect resistance as farmers prefer multiple stacked traits. These traits include herbicide tolerance and insect resistance within a single seed. They help farmers to purchase a single-solution seed to overcome multiple issues, including pests, environmental stresses, diseases, and resistance to weeds. The other traits segment is expected to witness substantial market growth in the developed markets of North America and South America during the forecast period.


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Some of the major players in the seeds market are BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Land O’ Lakes (US), and Sakata Seed Corporation (Japan).

 According to MarketsandMarkets, the global cold chain market size is estimated to be valued at USD 233.8 billion in 2020 and is projected to reach USD 340.3 billion by 2025, recording a CAGR of 7.8% in terms of value. Emerging economies in Asia Pacific and South American are going to be the potential markets for the cold chain service providers. The inclination of consumers toward convenience food & beverages due to busier lifestyles and rising awareness among consumers to mitigate food wastage has fueled the market for cold chain.

The cold chain market is segmented, by type, into refrigerated warehousing and refrigerated transport. Perishable food products such as meat, fish and seafood, fruits & vegetables, bakery and confectionery, and dairy and frozen desserts are sensitive to even minute temperature fluctuations. The cold chain helps in the management of the temperature of perishable products to maintain quality and safety.

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Refrigeration reduces the rate at which food gets deteriorated and increases the shelf-life of the product. Refrigerated transportation, otherwise known as reefer freight, is becoming an increasingly prominent industry with the growth in demand for climate-sensitive goods from around the world. It is gaining importance in many industries, such as fresh and processed food, life sciences, pharmaceuticals, and other industry solutions. Refrigerated transportation is a method of shipping freight that requires special, temperature-controlled vehicles.
The vehicle transporting the products has a built-in refrigeration system that keeps products at a desired temperature throughout the transportation process.

In Asia Pacific, India is a key cold chain market, which is highlighted by the rise in the organized retail sector. India’s GDP growth has moderated considerably in recent years due to the imposition of tight monetary policies to curb the rising inflationary pressures. Rapid urbanization has been one of the major factors for the growth of the food & beverage industry. Furthermore, the changing consumption patterns and consumers shifting toward ready-to-eat food and frozen food products are driving the demand for cold chain in the food industry. This is creating opportunities for cold chain service providers in the country. The retail sector has been swaying toward organized retail stores with the advent of modern trade supermarkets. The availability of processed, frozen, and fresh categories of fruits, vegetables, dairy products, and meat mandate the use of temperature-controlled cold storage and warehousing in the supply chain.

The rest of the world (RoW) segment, which includes South America, Middle East, and Africa is also projected to witness the fastest growth in the cold chain market during the forecast period due to the globalization of business and technological innovations. In South America, consumers from Brazil and Argentina primarily focus on the consumption of meat, which fuels the market for cold chain in this region. The use of cold chain thus aids in the prevention of food wastage.

The chilled temperature type segment is the fastest growing for the cold chain market. Chilled products going through the cold chain involves chilling the products by reducing the food temperatures to below ambient temperatures but above –1°C. Chilling food products between 0°C to +5°C is an effective tool for preserving food for shorter durations. It is because it retards many of the microbial, physical, chemical, and biochemical reactions that lead to food spoilage and deterioration.

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Food application such as fruits & vegetables has the highest growth rate during the forecast period, as post-harvest storage is crucial as it is associated with the deterioration rate caused by changes due to biochemical processes due to microorganisms. Temperature is very important in this case. In general, the storage of fresh vegetables and fruits ranges from 0 ° C to 15 ° C. Refrigeration is used at all stages of the cold chain, ranging from food processing (precooling, packing), distribution, retail, and end-consumer households. Frozen fruits & vegetables are packed within hours of harvest to ensure that their peak flavor and nutritional values are preserved. The rise in consumer awareness to mitigate food wastage has been a driving factor in boosting cold chain in food applications.

The report “Sprinkler Irrigation Systems Market by Type (Center Pivot, Lateral Move, and Solid Set), Crop Type (Cereals, Oilseeds & Pulses, and Fruits & Vegetables), Mobility (Stationary and Towable), Field Size and Region – Global Forecast to 2025″ The sprinkler irrigation systems market is projected to reach USD 2.7 billion by 2025, from USD 2.4 billion in 2019, at a CAGR of 1.9% during the forecast period. The market is driven by factors such as the shift from traditional irrigation methods to technologically advanced irrigation systems and increased public and private support for irrigation projects in developing economies.

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The lateral move segment is projected to have the fastest growth among all types of sprinkler irrigation systems during the forecast period.

The changing climatic conditions and awareness about water management are the main factors driving the demand for sprinkler irrigation systems. Moreover, the high returns on investments and high yield obtained from sprinkler irrigation drive the growth of this market. A properly designed irrigation system offers uniform irrigation application in a timely manner by using irrigation controllers, while minimizing losses and damages to the soil, water, air, and plant. On the basis of type, the sprinkler irrigation systems market is segmented into center pivot, lateral move, solid set, and others, which include traveling gun and side roll irrigation systems. The capital costs for lateral systems are lower than that of center pivots since these are preferable for large areas. Moreover, unlike pivots, these systems have a uniform pressure along the length and are also more labor-intensive. Hence, the demand for lateral move irrigation systems is projected to increase during the forecast period.

The cereals segment dominated the sprinkler irrigation systems market in 2018.

Based on crop type, the cereals segment is observed to hold a dominant share in the sprinkler irrigation systems market. Cereals and oilseed crops are mainly cultivated in large fields, where mechanized irrigation can be used. Moreover, irrigation scheduling facility based on climatic conditions, land topography, and the crop type, in cases of crop rotations, promotes the use of mechanized systems. Owing to the advantages of efficient water management and reduced labor requirements, there is an increased demand for mechanized systems in the irrigation of fields with cereal and oilseed crops.

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North America is projected to dominate the sprinkler irrigation systems market by 2025.

North America held the largest share of the global sprinkler irrigation systems market. This region extensively uses sprinkler irrigation systems to maximize production and increase its export of agricultural commodities. Due to the presence of large farms and high farm income, the adoption rate for center pivot and lateral move sprinkler irrigation systems is high in the region. Additionally, North America is highly competitive due to the presence of major global players such as Lindsay Corporation (US), Valmont Industries Inc. (US), and Reinke Manufacturing Company (US).This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Valmont Industries (US), Lindsay Corporation (US), Jain Irrigation Systems Ltd. (India), The Toro Company (US), Rivulis Irrigation Ltd. (Israel), Netafim Limited (Israel), Rain Bird Corporation (US), T-L Irrigation (US), Reinke Manufacturing (US), Nelson Irrigation Corporation (US), Hunter Industries (US), Mahindra EPC (India), Alkhorayef Group (Saudi Arabia), Elgo Irrigation Ltd. (Israel), Antelco Pty Ltd. (Australia), and Irritec (Italy).

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).

According to the new market research report "Agricultural Coatings Market by Category (Seed Coatings, Fertilizer Coatings, and Pesticide Coatings), Seed Coating Types (Polymers, Colorants, and Pellets), Fertilizer Coating Types, Pesticide Coating Applications, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the market size is estimated to be valued at USD 3.7 billion in 2021 and is expected to reach a value of USD.5.3 billion by 2026, growing at a CAGR of 7.3% in terms of value during the forecast period. Factors such as rising need to increase agricultural productivity and favorable government policies and regulations are some of the factors driving the growth of agricultural coatings.

Agricultural Coating Market Dynamics:

Driver: Enhancement and benefits derived from seed technologies to encourage the adoption of seed coated products

There are various technological developments in seed technologies, which increasingly benefit sustainable crop production. The increasing demand for agricultural output has encouraged the commercial use of innovative seed technologies. There is an increasing trend of commercial application of seed technologies by specialist applicators or seed companies. High-value seeds require more complex technology, and thus, are used by commercial applicators.

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The introduction of advanced low-rate chemistry and genetic traits has changed conventional soil-applied pesticides to seed-delivered solutions. In addition, the development of commercial seeds, such as hybrid corn, rice, and cotton, has encouraged the commercial application of low seed rates, further increasing the cost benefits of commercial seed enhancement technologies. Companies such as BASF SE (Germany), Bayer (Germany), and Croda International Plc (UK) are engaged in developing new and innovative treatment solutions, including seed coating and priming.

The type of seed enhancement technologies used depends on the crop type, soil type, and the economic growth of the region, and the value of seeds. Thus, there is a high growth scope for customization of seeds, encouraging the development of innovative seed technologies. Countries such as the US, India, China, and Brazil are witnessing a trend of adopting on-farm techniques to cultivate specialist seeds. These specialists use various seed enhancement solutions to increase the quality and productivity of seeds, providing high growth opportunities for seed coating material manufacturers. Thus, increasing the application of commercial seed technology is projected to drive the growth of the market for seed coating materials.

Restraint: Uncertainty in climate conditions to impact the seed coating market

Climate changes play an important role in the agricultural industry. It is useful in improving the yield and preventing diseases and insect attacks. Uncertainties in the climatic conditions are projected to impact the crop yield, which results in the loss of crops.

Climate has a significant impact on various agricultural crops, and at times, climatic factors are the natural factors that encourage the production of crops. Weather forecasts are important for agricultural activities to plan agricultural practices, such as sowing, irrigation, management of crop diseases & pests, and harvest planning. For instance, common mustard crops grow naturally in mesic temperate regions; these mustard crops are projected to reduce due to global warming and increased aridity. Increased aridity is predicted to reduce the oil concertation and seed yield of rapeseed crops.

The increased emission of CO2 and other greenhouse gases, such as methane and nitrous oxide, is responsible for the change in global temperature and warming. This change in the climate directly affects the oilseed crops by decreasing the activity of pollinators. For instance, rapeseed is grown globally for cooking, animal feed, and biofuels

Opportunity: Crop-specific nutrient management through precision farming

Precision agriculture is a technology-based approach to grow crops efficiently in a site-specific manner with specialized application equipment, which can help retain water and nutrients in the root zone. The work scheme of precision agriculture can be summarized in three stages:

Geo-referenced remote area information using certain sensors
Analysis of data obtained through an appropriate system of information processing
Adjustment of the amount applied depending on the needs of each location
Precision farming has the potential to improve production and nutrient-use efficiency, ensuring that nutrients do not leach from or accumulate in excessive concentrations in parts of the field. Precision farming has been gaining importance in developed countries for efficient usage of the fertigation method in which controlled-release fertilizers play an important role. The release patterns and coating technology of controlled-release fertilizers can be fed into the information system, which can further provide an accurate analysis of the nutrient requirements for the crops, application rate, and mixing ratio required within the fertigation system.

Challenges: Limited adoption of controlled-release technology

Controlled-release fertilizers have been in use for a long time in countries such as the US and in Western European countries. However, the technology has been relatively nascent for developing countries. Limited awareness of the advantages of CRF with respect to application cost and environmental concerns has been hampering the growth of this market to a large extent. The main reason for the low rate of adoption of this technology is the established conventional fertilizers market since the demand for conventional fertilizers among farmers has been strongly fueled by their belief in high crop returns.

On the other hand, in countries such as India and China, where agriculture is the major source of income for more than half of the country’s population, farmers are not willing to take risks against their crop production. According to the Institute of Management Development and Research (IMDR) in India, small retailers and shopkeepers are unwilling to stock and sell smart fertilizers in the country as they feel their quality is unreliable.

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

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

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Key Marker Players

Key players in this market include BASF SE (Germany), Bayer AG (Germany), Clariant Technologies (Germany), Croda International Plc (UK), Sensient Technologies (US), Germains Seed Technology (UK), Milliken Chemical (US), Precision Laboratories (US), Pursell Agri-tech (US), Novochem Group (Netherlands), Dorfketal (India), Deltachem (Germany), Israel Chemicals Ltd (Israel), Arkema (France), SQM (Chile), Mosaic (US), Nutrien Ltd (Canada), Aakash Chemicals, Evonik Industries (Germany) and Encapsys LLC (US).

 According to MarketsandMarkets™, the “Cheese Market by Product Type (Cheddar, Mozzarella, Parmesan, American Cheese, and Blue Cheese), Type (Cheese Product and Cheese Powder), Source (Animal and Plant), Nature, Distribution Channel, Application, and by Region – Global Forecast to 2026″, is estimated to be valued at USD 88.7 billion in 2021 and is projected to reach USD 105.9 billion by 2026, recording a CAGR of 3.6% during the forecast period.

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Market Dynamics

Drivers: Growing fast-food industry

The global fast-food industry, also known as the Quick Service Restaurants (QSRs) industry, is rising at a significant rate. These industry witnesses a high demand for cheese as a key ingredient in its various food products. Thus, the demand for cheese is growing on account of giant fast-food chains, such as Domino’s Pizza, Inc. (US), Pizza Hut of Yum! Brands (US), and Papa John’s International, Inc. (US). Changing lifestyles, such as increasing dependence on ready-made or ready-to-eat meals due to busier schedules and increased demand for packaged foods globally, have increased the demand for fast food products and ultimately fueled the demand for cheese.

Restraints: Rising concern over the adverse health effects of cheese consumption

The rising consumer awareness about the ill-health effects of cheese poses a great restrain to the growth of the global cheese market. Obesity, high cholesterol levels, and heart diseases are the major conditions associated with the consumption of processed cheese. In the US, certain kinds of cheese have resulted in outbreaks of food-borne gastroenteritis, food sensitivities, lactose intolerance, allergies, and high-calorie content. Consumers have now become aware of the association of these diseases with cheese. This factor is posing as a restrain for various cheese manufacturers to overcome and meet the customer demand for healthy food.

Opportunities: Emergence of plant-based cheese alternatives

The market for plant-based cheese is growing at a significant rate; consumers are drifting away from animal sources to plant-based sources. This is attributed to the rising aversion toward meat, the advent of veganism, and concerns over animal cruelty. The demand for clean-label products, concerns about sustainability, and a dire need to avoid allergens are some of the major factors responsible for shifting consumer preferences toward plant-based alternatives.

Challenges: Regulatory influence

The stringent regulatory legislations regarding cheese are projected to be challenging for the growth of the market. The demand for accurate labeling, listing the names of all the ingredients in the product, and specifying the details of the ingredients and their nutrient content is on the rise owing to the rising health concerns. Adhering to these labeling regulations may increase the cost of packaging and labeling, which, in turn, affects the price of the final products. This leads to low acceptance by consumers, which poses a challenge for the market.

The Asia Pacific region is projected to witness the highest growth during the forecast period.

The countries in the Asia Pacific region have a well-established dairy industry, which subsequently proves the potential for growth of the cheese market in these regions. Hectic work schedules, along with the rising prevalence of western food culture, represent some of the significant factors strengthening the cheese market growth in the Asia Pacific region. Since the past few years, the rapid food globalization has caused a boom in the retail and foodservice sectors, owing to this there is the demand for cheese-based products that is expected to generate significant growth in this region.

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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, Glanbia (Ireland), Saputo (Canada), Arla Foods (UK), BEL Group (France), Fonterra (New Zealand), FrieslandCampina (Netherlands), Dalter Alimentari Spa (Italy), The Kraft Heinz Company (US), Amul (India), DMK Deutsches Milchkontor GmbH (Germany), and Meiji Holdings (Japan).

According to a research report "Food & Beverage Processing Equipment Market by Type (Processing, Pre-Processing), Application (Bakery & Confectionery, Meat & Poultry, Dairy, Alcoholic & Non-Alcoholic Beverages), Mode of Operation, End-Product Form and Region - Global Forecast to 2026", published by MarketsandMarkets, the food & beverage processing equipment market was estimated at USD 58.3 billion in 2021. It is projected to reach USD 76.0 billion by 2026 at a CAGR of 5.5% during the forecast period. Advancements in the food processing industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors that are expected to support the growth of the food & beverage processing equipment market. With the growing preference for healthy and functional foods, manufacturers are expected to adopt new equipment to fulfill the demand for healthy functional foods & beverages. The expansion of food manufacturing capacities and growth of the food processing industry in emerging economies will also support the growth of the food & beverage processing equipment market.

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The solid segment dominated the market with USD 32.78 billion in 2020

In terms of value, the market for food & beverage processing equipment was dominated by the solid form in 2020. With the rise in disposable income, consumers in developing markets are willing to spend more on processed and packaged convenience food. Due to this, food manufacturers are scaling up their production to cater to the rising demand for food, which, in turn, is contributing to the rising demand for processing equipment in the market.

The processing segment by type dominated the market, with a share of 67.5% in 2020

The processing segment dominated the market for food & beverage processing equipment and was valued at USD 37.41 billion in 2020 and is projected to grow at a CAGR of 5.5% during the forecast period. The rapidly growing bakery products, dairy products, and beverages industries are also expected to accelerate the demand for equipment for faster and more efficient processing to meet consumer demand. This growth can be seen in emerging regions such as the Asia Pacific, where, due to progressive economic growth and improved income levels, people are demanding more packaged food and ready meals; this has led to the growth of the overall food & beverage equipment market.

China dominated the Asia Pacific market for food & beverage processing equipment with a value of USD 7.15 Billion in 2020

The Chinese food & beverage processing equipment market is fragmented with the presence of small and medium-sized food & beverage processing equipment manufacturers that are mainly focused on offering a limited range of products. The presence of a large number of equipment manufacturers is also driving the growth of this market. China’s food processing industry is maturing, and growth is moderating. Consumers have become increasingly interested in eating more natural and healthier foods while valuing convenience and attractive packaging.

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Key Players:

Key players in this market include Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT (US), The Middleby Corporation (US), Heat and Control, Inc. (US), Alfa Laval (Sweden), TNA Australia Pty Ltd. (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L (Spain), Clextral (France), SPX FLOW (US), Bigtem Makine (Turkey), FENCO Food Machinery (Italy), Krones Group (Germany), Finis Food Processing Equipment B.V. (Netherlands), Bettcher Industries, Inc. (US), Anko Food Machine Co. Ltd. (Taiwan), Heat and Control, Inc. (US), BAADER (Germany), and Dover Corporation (US).

According to MarketsandMarkets, the global pine-derived chemicals market is estimated to be valued at USD 5.5 billion in 2022 and is projected to reach USD 6.8 billion by 2027, recording a CAGR of 4.5%, in terms of value. Pine-derived chemicals is a major commercial product of pine trees.Pine-derived chemicals are used in the manufacturing of paints & coatings, adhesives & sealants, surfactants, and printing inks. Additionally, it finds its application in cosmetics, vitamin intermediates, pine oil disinfectants & insect repellents, fragrances & perfumes, and food & drink flavors.

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The paints & coatings segment is projected to grow at a significant CAGR in the pine-derived chemicals market during the forecast period

By application, the pine-derived chemicals market is segmented into adhesives & sealants, paints & coating, surfactants, printing inks, and other applications. Pine oils are used in paints & coating which improves the adhesion and works as a permanent coating. In a more environmentally conscious world, customers will want to use ‘greener’ paint & coating products that can lower the emission of harmful chemicals into the environment

The krafting process is projected to account for the second-largest share in the pine-derived chemicals market during the forecast period

By process, the pine-derived chemicals market is segmented into kraft process and tapping process. Most of the pine-derived companies in the world use kraft process as the primary technique for extracting pine chemicals. The kraft process is beneficial in reducing environmental damage by reducing the impact of waste material generated from pulping process.

North America is the largest region in the pine-derived chemicals market in the forecast period

North America accounted for the largest region in the global pine-derived chemicals market in the forecast period. For the last few decades, the region has witnessed an increase in implementing new and innovative approaches in kraft process for extraction of pine chemicals. These factors have driven the market for construction, cosmetics, vitamin intermediates, pine oil disinfectants & insect repellents, fragrances & perfumes, and food & drink flavors in the region, which in turn, has contributed to the growth of the pine-derived chemicals market.

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Key Market Players:

Key players in this market include Foreverest Resources Ltd, (China), Harima Chemical Company (Japan), Takasgo International Corporation (Japan), Chemiplas Australia Pvt Ltd (Australia), Mentha and Allied Products Ltd., (India).

According to MarketsandMarkets, the "Feed Additives Market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, and Antioxidants), Livestock, Form, Source, and Region - Global Forecast to 2026" size is estimated to be valued at USD 38.1 billion in 2021. It is projected to reach USD 49.6 billion by 2026, recording a CAGR of 5.5%, in terms of value. The growing consumption of livestock-based products and increasing feed manufacturers is driving the demand for feed additives.

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Impact of COVID-19 on feed additives market

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. Where the medical community is focused on developing successful diagnostic and medical treatment, the feed industry is also focused on manufacturing healthy products using for animals using feed additives to combat diseases by providing immune support.

Owing to the increasing COVID-19 pandemic outbreak in various regions/countries, the feed additives market in 2020 was observed to witness a decline due to the lockdowns in various countries, closure of the international borders, and delay in cross border transit that has led to supply chain hindrances. The social distancing and the other measures taken by the regional governments limit the number of people who can work together in small areas. Thus, the decline in 2020 in the feed additives market growth was mainly due to the major impact of the COVID-19 pandemic. Gradually, as the restrictions of the government measures are likely to relax, the market for feed additives would witness a slight increment in the upcoming years till 2026.

Key players in this market include Cargill (US), ADM (US), Dupont (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), Chr Hansen (Denmark), TEGASA (Spain), Nutreco (Netherlands), Kemin Industries Inc. (US), Adisseo (France), Alltech (US), Palital Feed Additives B.V. (Netherlands), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), NUQO Feed Additives (France), and Novus International Inc. (US).

The key players are fixated upon improving their market shares, while their newer start-ups are being established rapidly in the market. The feed additives market can be classified as a competitive market as it has the presence of a large number of organized players, accounting for a major part of the market share, present at the global level, as well as unorganized players present at the local level in several countries. There are numerous existing and emerging companies, particularly in the Asian markets.

Cargill is involved in the manufacturing and marketing of food, agricultural, financial & industrial, and animal nutrition & protein products. The company offers feed ingredients through the animal nutrition business segment. Cargill’s animal nutrition provides feed additives through its brand, Promote for poultry, swine, beef, and dairy. It offers products such as probiotics, enzymes, antioxidants, and mycotoxin detoxifiers. The company operates across 70 countries with R&D centers in Europe, North America, and Latin America that provide services in various countries of Africa, Europe, Asia, Latin America, North America, and the Middle East to improve its global presence significantly.

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Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally-derived alternatives to industrial chemicals. The company operates through four business segments, namely, agriculture services and oilseeds, carbohydrate solutions, nutrition, and others. It offers feed additive products through its subsidiary ADM Animal Nutrition, Inc. (US). It offers specialty ingredients, premixes & blending, and feed products for animal health. ADM is identified as one of star players in the feed additives market as the company offers a wide range of products with its key focus on innovation in the market.

The global insect repellent active ingredients market size is estimated to be valued at USD 884 million in 2021. It is projected to reach USD 1,361 million by 2026, recording a CAGR of 9.0%, in terms of value. The growing consumption of insect repellent products and increasing insect repellent manufacturers is driving the demand for the insect repellent active ingredients market.

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The DEET segment accounted for the largest share in the insect repellent active ingredients market

Based on type, DEET segment dominated the insect repellent active ingredients market. DEET help in improving the protection of humans and animals from insects. Also, the growth in consumption from households and animals drives the insect repellent active ingredients market.

The creams and lotions segment accounts for the second-largest market share in the insect repellent active ingredients market

Based on end-application, creams and lotions is the second-largest segment in the overall insect repellent active ingredients market. The growth of this segment is majorly attributed to the rising demand for various formulations of creams and lotions namely as, water-based creams and lotions, ethanol-free creams and lotions and sun-protection creams and lotions.

The less than 10% segment is projected to account for the second-largest share in the insect repellent active ingredients market during the forecast period

By concentrations, the insect repellent active ingredients market is segmented into 3sub-segments, namely as, less than 10%, 10%-50%, more than 50%. Less than 10%segment accounted for the second-largest market share in the overall insect repellent active ingredients market. Less than 10% of insect repellent products mostly use for children protection from mosquitoes. Increase parental awareness and ease of use of insect repellent products drive the insect repellent active ingredients market.

The bugs segment is projected to account for the second-largest share in the insect repellent active ingredients market during the forecast period

By insect types, the insect repellent active ingredients market is segmented into mosquitoes, ticks, bugs, and flies. Bugs segment accounted for the second-largest market share in the overall insect repellent active ingredients market. Due to changes in global temperature the growth of bugs drastically increases. Simultaneously, bed bugs cause severe allergic reactions. There have been documented cases in which the victim suffered severe allergic reactions, including asthmatic attacks not only from bed bug bites but also from cast skins and droppings.

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The Asian Pacific region is the second-largest region in the insect repellent active ingredients market in the forecast period

Asian Pacific region is the second-largest region in the global insect repellent active ingredients market in the forecast period. The market in the region is driven by the presence of large households and their growth rates; and the increase in the number of mosquito-based diseases, such as zika virus, West Nile Virus (WNV), malaria, dengue, and chikungunya, particularly in China, India, Australia, and New Zealand. An increase in the number of insect repellent product manufacturers in the region reflects the growth of the insect repellent active ingredients market.

Leading companies are BASF SE (Germany), Spectrum Brand Holdings Inc. (US), Reckitt Benckiser Group PLC (UK), Henkel AG & Co KGaA (Germany), MERCK Group (Germany), S C Johnson & Sons Inc. (US), Dabur (India), Godrej Group (India), PT Herlina Indah (Indonesia), Sawyer (US), BUGG Products LLC (US), Coghlan’s (Canada), Vertellus (US), Tropical Labs LLC (US), PelGar International (UK), Clariant AG (Switzerland), Lanxess (Germany), Sumitomo Chemical (UK) PLC (UK), Cetrefine International Limited (UK), Jiangsu Panoxi Chemical Co. Ltd (China), Qingdao Benzo New Materials Co. Ltd (China), Hefei TNJ Chemical Industry Co. Ltd (China), NK Chemiosys Pvt. Ltd. (India), and Shorgun Organics Ltd. (India).

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.

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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.

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The key players in this market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), and UPL Limited (India).